Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Feb. 20, 2015 | Jun. 30, 2014 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | STAY | ||
Entity Registrant Name | Extended Stay America, Inc. | ||
Entity Central Index Key | 1581164 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 204,517,265 | ||
Entity Public Float | $812,200,000 | ||
ESH REIT [Member] | |||
Document Information [Line Items] | |||
Entity Registrant Name | ESH Hospitality, Inc. | ||
Entity Central Index Key | 1507563 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Class A common stock [Member] | ESH REIT [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 250,303,494 | ||
Class B common stock [Member] | ESH REIT [Member] | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 204,517,265 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
PROPERTY AND EQUIPMENT - Net of accumulated depreciation | $4,087,448 | $4,127,317 |
RESTRICTED CASH | 73,382 | 47,339 |
CASH AND CASH EQUIVALENTS | 121,324 | 60,457 |
INTANGIBLE ASSETS-Net of accumulated amortization of $5,814 and $4,440 | 31,656 | 33,030 |
GOODWILL | 55,633 | 55,633 |
DEFERRED FINANCING COSTS - Net of accumulated amortization | 37,071 | 51,251 |
ACCOUNTS RECEIVABLE-Net of allowance for doubtful accounts of $2,762 and $1,404 | 26,552 | 21,566 |
OTHER ASSETS | 48,054 | 53,094 |
TOTAL ASSETS | 4,481,120 | 4,449,687 |
LIABILITIES: | ||
Mortgage loans payable | 2,518,049 | 2,519,843 |
Term loan facility payable-Net of unaccreted discount of $1,680 and $0 | 373,320 | |
Mezzanine loans payable | 365,000 | |
Revolving credit facilities | 20,000 | |
Mandatorily redeemable preferred stock | 21,202 | 21,202 |
Accounts payable and accrued liabilities | 172,440 | 175,122 |
Deferred tax liabilities | 6,792 | 7,312 |
Total liabilities | 3,091,803 | 3,108,479 |
EQUITY: | ||
Common stock | 2,048 | 2,048 |
Additional paid in capital | 779,447 | 772,359 |
Retained earnings (accumulated deficit) | 13,833 | -25,763 |
Accumulated other comprehensive loss | -5,810 | -4,068 |
Total Extended Stay America, Inc. shareholders' equity | 789,518 | 744,576 |
Noncontrolling interests | 599,799 | 596,632 |
Total equity | 1,389,317 | 1,341,208 |
TOTAL LIABILITIES AND EQUITY | 4,481,120 | 4,449,687 |
ESH REIT [Member] | ||
ASSETS | ||
PROPERTY AND EQUIPMENT - Net of accumulated depreciation | 4,079,648 | 4,119,939 |
RESTRICTED CASH | 49,999 | 45,903 |
CASH AND CASH EQUIVALENTS | 33,816 | 18,597 |
RENT RECEIVABLE FROM EXTENDED STAY AMERICA, INC. | 1,984 | 992 |
DEFERRED RENT RECEIVABLE FROM EXTENDED STAY AMERICA, INC. | 30,883 | 3,631 |
Due from Extended Stay America, Inc. | 1,238 | 25,828 |
GOODWILL | 54,297 | 54,297 |
DEFERRED FINANCING COSTS - Net of accumulated amortization | 35,033 | 46,572 |
DEFERRED TAX ASSETS | 3,206 | 3,207 |
OTHER ASSETS | 10,844 | 9,366 |
TOTAL ASSETS | 4,300,948 | 4,328,332 |
LIABILITIES: | ||
Mortgage loans payable | 2,518,049 | 2,519,843 |
Term loan facility payable-Net of unaccreted discount of $1,680 and $0 | 373,320 | |
Mezzanine loans payable | 365,000 | |
Revolving credit facilities | 0 | 20,000 |
Unearned rental revenue from Extended Stay America, Inc. | 28,109 | 38,830 |
Accounts payable and accrued liabilities | 49,437 | 57,158 |
Total liabilities | 2,968,915 | 3,000,831 |
EQUITY: | ||
Common stock | 4,551 | 4,551 |
Additional paid in capital | 1,182,611 | 1,336,154 |
Preferred stock | 73 | 73 |
Retained earnings (accumulated deficit) | 150,652 | -9,617 |
Accumulated other comprehensive loss | -5,854 | -3,660 |
Total equity | 1,332,033 | 1,327,501 |
TOTAL LIABILITIES AND EQUITY | $4,300,948 | $4,328,332 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Accumulated depreciation | $622,514,000 | $439,371,000 |
Accumulated amortization of intangible assets | 5,814,000 | 4,440,000 |
Accumulated amortization of deferred financing costs | 24,107,000 | 11,313,000 |
Allowance for doubtful accounts | 2,762,000 | 1,404,000 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 3,500,000,000 | 3,500,000,000 |
Common stock, shares issued | 204,517,265 | 204,787,500 |
Common stock, shares outstanding | 204,517,265 | 204,787,500 |
ESH REIT [Member] | ||
Accumulated depreciation | 606,960,000 | 426,479,000 |
Preferred stock, par value | $0 | $0 |
Preferred stock, redemption value | $1,000 | $1,000 |
Accumulated amortization of deferred financing costs | 21,273,000 | 11,120,000 |
Preferred stock, redemption value | 1,000 | |
Preferred stock, authorized | 125 | 125 |
Preferred stock, issued | 125 | 125 |
Preferred stock, outstanding | 125 | 125 |
Mandatorily Redeemable Preferred Stock [Member] | ||
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, redemption value | 1,000 | 1,000 |
Preferred stock, authorized | 350,000,000 | 350,000,000 |
Preferred stock, issued | 21,202 | 21,202 |
Preferred stock, outstanding | 21,202 | 21,202 |
2014 Term Loan [Member] | ||
Unamortized discount on debt | 1,680,000 | 0 |
2014 Term Loan [Member] | ESH REIT [Member] | ||
Unamortized discount on debt | $1,680,000 | $0 |
Common Class A [Member] | ESH REIT [Member] | ||
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 4,300,000,000 | 4,300,000,000 |
Common stock, shares issued | 250,303,494 | 250,295,833 |
Common stock, shares outstanding | 250,303,494 | 250,295,833 |
Common Class B [Member] | ESH REIT [Member] | ||
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 7,800,000,000 | 7,800,000,000 |
Common stock, shares issued | 204,517,265 | 204,787,500 |
Common stock, shares outstanding | 204,517,265 | 204,787,500 |
Consolidated_and_Combined_Stat
Consolidated and Combined Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Hotel room revenues | $1,195,816 | $1,113,956 | $984,273 |
Other hotel revenues | 17,659 | 17,787 | 16,898 |
Management fees and other revenues | 1,075 | 10,291 | |
Total fees | 1,213,475 | 1,132,818 | 1,011,462 |
Hotel operating expenses | 592,101 | 540,551 | 493,635 |
General and administrative expenses | 84,381 | 108,325 | 88,543 |
Depreciation and amortization | 187,207 | 168,053 | 129,938 |
Impairment of long-lived assets | 2,300 | 3,330 | 1,420 |
Gain on sale of hotel properties | -864 | ||
Managed property payroll expenses | 728 | 6,600 | |
Restructuring expenses | 605 | 5,763 | |
Acquisition transaction expenses | 235 | 1,675 | |
Total operating expenses | 865,125 | 821,827 | 727,574 |
Other income | 388 | 1,134 | 384 |
INCOME FROM OPERATIONS | 348,738 | 312,125 | 284,272 |
OTHER NON-OPERATING EXPENSE | 3,763 | ||
INTEREST EXPENSE, NET | 149,364 | 234,459 | 257,349 |
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) | 195,611 | 77,666 | 26,923 |
INCOME TAX EXPENSE (BENEFIT) | 45,057 | -4,990 | 4,642 |
NET INCOME | 150,554 | 82,656 | 22,281 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | -110,958 | 3,575 | -1,549 |
Net income | 39,596 | 86,231 | 20,732 |
NET INCOME PER COMMON SHARE - BASIC | $0.19 | $0.49 | $0.12 |
Net income per common share - diluted | $0.19 | $0.49 | $0.12 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC | 203,548 | 174,894 | 169,816 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED | 204,508 | 176,268 | 171,796 |
ESH REIT [Member] | |||
Rental revenues from Extended Stay America, Inc. | 684,205 | 71,900 | |
Hotel room revenues | 983,950 | 984,273 | |
Other hotel revenues | 15,576 | 16,898 | |
Management fees and other revenues | 1,113 | 10,346 | |
Total fees | 684,205 | 1,072,539 | 1,011,517 |
Hotel operating expenses | 93,826 | 478,727 | 493,635 |
General and administrative expenses | 15,634 | 86,676 | 87,807 |
Depreciation and amortization | 183,033 | 167,185 | 129,938 |
Impairment of long-lived assets | 0 | 3,330 | 1,420 |
Gain on sale of hotel properties | -864 | ||
Managed property payroll expenses | 639 | 6,600 | |
Trademark license fees | 2,998 | 3,004 | |
Restructuring expenses | 605 | 5,763 | |
Acquisition transaction expenses | 235 | 1,675 | |
Total operating expenses | 291,629 | 740,395 | 729,842 |
Other income | 269 | 1,075 | 384 |
INCOME FROM OPERATIONS | 392,845 | 333,219 | 282,059 |
OTHER NON-OPERATING EXPENSE | 3,629 | ||
INTEREST EXPENSE, NET | 143,232 | 233,629 | 257,349 |
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) | 245,984 | 99,590 | 24,710 |
INCOME TAX EXPENSE (BENEFIT) | -1,110 | -876 | 4,642 |
NET INCOME | 247,094 | 100,466 | 20,068 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | -730 | -1,549 | |
Net income | 247,094 | 99,736 | 18,519 |
ESH REIT [Member] | Common Class A [Member] | |||
Net income | 136,152 | 55,046 | 10,262 |
NET INCOME PER COMMON SHARE - BASIC | $0.54 | $0.26 | $0.05 |
Net income per common share - diluted | $0.54 | $0.26 | $0.05 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC | 250,300 | 213,759 | 207,553 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED | 250,300 | 213,759 | 207,553 |
Cash distributions per common share | $0.53 | $0.20 | $2.19 |
ESH REIT [Member] | Common Class B [Member] | |||
Net income | $110,942 | $44,690 | $8,257 |
NET INCOME PER COMMON SHARE - BASIC | $0.55 | $0.26 | $0.05 |
Net income per common share - diluted | $0.54 | $0.25 | $0.05 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC | 203,548 | 174,894 | 169,816 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED | 204,508 | 176,268 | 171,796 |
Cash distributions per common share | $0.53 | $0.20 | $2.19 |
Consolidated_and_Combined_Stat1
Consolidated and Combined Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
NET INCOME | $150,554 | $82,656 | $22,281 |
FOREIGN CURRENCY TRANSLATION (LOSS) INCOME | -2,728 | -3,980 | 87 |
COMPREHENSIVE INCOME | 147,826 | 78,676 | 22,368 |
COMPREHENSIVE (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | -109,972 | 3,575 | -1,554 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS OR MEMBERS | 37,854 | 82,251 | 20,814 |
ESH REIT [Member] | |||
NET INCOME | 247,094 | 100,466 | 20,068 |
FOREIGN CURRENCY TRANSLATION (LOSS) INCOME | -2,194 | -3,980 | 87 |
COMPREHENSIVE INCOME | 244,900 | 96,486 | 20,155 |
COMPREHENSIVE (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | -730 | -1,554 | |
COMPREHENSIVE INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS OR MEMBERS | $244,900 | $95,756 | $18,601 |
Consolidated_and_Combined_Stat2
Consolidated and Combined Statements of Changes in Equity (USD $) | Total | ESH REIT [Member] | Members' Capital [Member] | Members' Capital [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid in Capital [Member] | Additional Paid in Capital [Member] | Retained Earnings (Accumulated Deficit) [Member] | Retained Earnings (Accumulated Deficit) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total Shareholders' Equity [Member] | Total Shareholders' Equity [Member] | Noncontrolling Interests [Member] | Noncontrolling Interests [Member] |
In Thousands, except Share data | USD ($) | USD ($) | USD ($) | ESH REIT [Member] | USD ($) | ESH REIT [Member] | ESH REIT [Member] | ESH REIT [Member] | USD ($) | ESH REIT [Member] | USD ($) | ESH REIT [Member] | USD ($) | ESH REIT [Member] | USD ($) | ESH REIT [Member] | USD ($) | ESH REIT [Member] |
USD ($) | USD ($) | Common Class A [Member] | Common Class B [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||
Balance at Dec. 31, 2011 | $1,551,370 | $1,540,218 | $1,552,429 | $1,541,735 | ($3,026) | ($3,557) | $42 | $42 | $1,549,445 | $1,538,293 | $1,925 | $1,925 | ||||||
Balance, shares at Dec. 31, 2011 | 0 | 0 | 0 | |||||||||||||||
Net income (loss) | 22,281 | 20,068 | 20,732 | 18,519 | 20,732 | 18,519 | 1,549 | 1,549 | ||||||||||
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS (LOSS) INCOME | 87 | 87 | 82 | 82 | 82 | 82 | 5 | 5 | ||||||||||
Member contributions | 6,000 | 6,000 | 5,925 | 5,925 | 5,925 | 5,925 | 75 | 75 | ||||||||||
Member distributions | -833,335 | -826,589 | -820,258 | -813,512 | -12,680 | -12,680 | -832,938 | -826,192 | -397 | -397 | ||||||||
Equity-based compensation | 6,428 | 6,428 | 6,428 | 6,428 | 6,428 | 6,428 | ||||||||||||
Preferred distributions | -16 | -16 | -16 | -16 | -16 | -16 | ||||||||||||
Balance at Dec. 31, 2012 | 752,815 | 746,196 | 744,524 | 740,576 | 5,010 | 2,266 | 124 | 124 | 749,658 | 743,039 | 3,157 | 3,157 | ||||||
Net income (loss) | 13,917 | 13,225 | ||||||||||||||||
Balance at Mar. 31, 2013 | ||||||||||||||||||
Balance at Dec. 31, 2012 | 752,815 | 746,196 | 744,524 | 740,576 | 5,010 | 2,266 | 124 | 124 | 749,658 | 743,039 | 3,157 | 3,157 | ||||||
Balance, shares at Dec. 31, 2012 | 0 | |||||||||||||||||
Net income (loss) | 82,656 | 100,466 | 86,231 | 99,736 | 86,231 | 99,736 | -3,575 | 730 | ||||||||||
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS (LOSS) INCOME | -3,980 | -3,980 | -3,980 | -3,980 | -3,980 | -3,980 | ||||||||||||
Member distributions | -80,411 | -80,411 | -78,400 | -78,400 | -78,400 | -78,400 | -2,011 | -2,011 | ||||||||||
Equity-based compensation | 20,168 | 6,554 | 4,094 | 4,094 | 14,712 | 2,460 | 18,806 | 6,554 | 1,362 | |||||||||
Preferred distributions | -16 | -16 | -16 | -16 | -16 | -16 | ||||||||||||
Issuance of equity, shares | 32,488,000 | 39,707,000 | 32,488,000 | |||||||||||||||
Issuance of equity | 602,165 | 599,942 | 325 | 723 | 333,414 | 599,219 | 333,739 | 599,942 | 268,426 | |||||||||
Equity-based compensation, shares | 100,000 | 122,000 | 100,000 | |||||||||||||||
ESH REIT reorganization, shares | 172,200,000 | 210,467,000 | 210,467,000 | |||||||||||||||
ESH REIT reorganization | -32,189 | -41,250 | -748,618 | -744,670 | 1,723 | 3,828 | 424,233 | 734,475 | -38,588 | -33,203 | -212 | 196 | -361,462 | -39,374 | 329,273 | -1,876 | ||
Balance at Dec. 31, 2013 | 1,341,208 | 1,327,501 | 2,048 | 4,551 | 772,359 | 1,336,154 | -25,763 | -9,617 | -4,068 | -3,660 | 744,576 | 1,327,501 | 596,632 | |||||
Balance, preferred shares at Dec. 31, 2013 | 125 | |||||||||||||||||
Balance, shares at Dec. 31, 2013 | 204,788,000 | 250,296,000 | 204,788,000 | |||||||||||||||
Balance at Sep. 30, 2013 | ||||||||||||||||||
Net income (loss) | -15,378 | 4,706 | ||||||||||||||||
Balance at Dec. 31, 2013 | 1,341,208 | 1,327,501 | ||||||||||||||||
Balance, preferred shares at Dec. 31, 2013 | 125 | |||||||||||||||||
Net income (loss) | 16,081 | 11,795 | ||||||||||||||||
Balance at Mar. 31, 2014 | ||||||||||||||||||
Balance at Dec. 31, 2013 | 1,341,208 | 1,327,501 | 2,048 | 772,359 | 1,336,154 | -25,763 | -9,617 | -4,068 | -3,660 | 744,576 | 1,327,501 | 596,632 | ||||||
Balance, shares at Dec. 31, 2013 | 204,788,000 | 250,296,000 | 204,788,000 | |||||||||||||||
Balance, preferred shares at Dec. 31, 2013 | 125 | |||||||||||||||||
Net income (loss) | 150,554 | 247,094 | 39,596 | 247,094 | 39,596 | 247,094 | 110,958 | |||||||||||
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS (LOSS) INCOME | -2,728 | -2,194 | -1,742 | -2,194 | -1,742 | -2,194 | -986 | |||||||||||
Equity-based compensation | 8,803 | 671 | 7,088 | 675 | -4 | 7,088 | 671 | 1,715 | ||||||||||
Preferred distributions | -16 | -16 | -16 | -16 | -16 | |||||||||||||
Common distributions | -108,504 | -241,161 | -154,356 | -86,805 | -241,161 | -108,504 | ||||||||||||
Issuance of equity, shares | 7,000 | |||||||||||||||||
Issuance of equity | 138 | 138 | 138 | |||||||||||||||
Equity-based compensation, shares | -271,000 | -271,000 | ||||||||||||||||
Balance at Dec. 31, 2014 | 1,389,317 | 1,332,033 | 2,048 | 4,551 | 779,447 | 1,182,611 | 13,833 | 150,652 | -5,810 | -5,854 | 789,518 | 1,332,033 | 599,799 | |||||
Balance, preferred shares at Dec. 31, 2014 | 125 | 125 | ||||||||||||||||
Balance, shares at Dec. 31, 2014 | 204,517,000 | 250,303,000 | 204,517,000 | |||||||||||||||
Balance at Sep. 30, 2014 | ||||||||||||||||||
Net income (loss) | 28,004 | 192,173 | ||||||||||||||||
Balance at Dec. 31, 2014 | $1,389,317 | $1,332,033 | $4,551 | |||||||||||||||
Balance, preferred shares at Dec. 31, 2014 | 125 |
Consolidated_and_Combined_Stat3
Consolidated and Combined Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
OPERATING ACTIVITIES: | |||
NET INCOME | $150,554 | $82,656 | $22,281 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 185,833 | 166,679 | 128,564 |
Amortization of intangible assets | 1,374 | 1,374 | 1,374 |
Foreign currency transaction loss | 3,763 | ||
Amortization and write-off of deferred financing costs and accretion of debt discount | 19,597 | 24,191 | 45,365 |
Amortization of above-market ground leases | -136 | -136 | -136 |
Loss on disposal of property and equipment | 3,144 | 3,493 | 3,499 |
Impairment of long-lived assets | 2,300 | 3,330 | 1,420 |
Gain on sale of hotel properties | -864 | ||
Equity-based compensation | 8,803 | 20,168 | 6,428 |
Deferred income tax (benefit) expense | -520 | -11,554 | 2,387 |
Changes in assets and liabilities: | |||
Accounts receivable, net | -5,040 | -2,909 | -2,879 |
Other assets | -821 | -2,464 | -5,098 |
Accounts payable and accrued liabilities | 2,498 | 26,485 | -2,095 |
Net cash provided by operating activities | 370,485 | 311,313 | 201,110 |
INVESTING ACTIVITIES: | |||
Purchases of property and equipment | -173,239 | -172,540 | -271,464 |
Acquisition of hotels, property and equipment | -16,368 | -128,299 | |
Proceeds from sale of hotel properties, net | 3,223 | ||
(Increase) decrease in restricted cash and insurance collateral | -26,151 | 22,173 | 175,167 |
Proceeds from insurance recoveries | 13,924 | 2,020 | 754 |
Purchase of HVM noncontrolling interests | -544 | ||
Net cash used in investing activities | -182,243 | -165,259 | -223,842 |
FINANCING ACTIVITIES: | |||
Proceeds from mortgage loans | 2,520,000 | ||
Principal payments on mortgage loans | -1,794 | -5,865 | -1,974,511 |
Proceeds from mezzanine loans | 1,080,000 | ||
Principal payments on mezzanine loans | -365,000 | -715,000 | -700,000 |
Proceeds from term loan facility, net of discount | 373,125 | ||
Proceeds from revolving credit facilities | 210,000 | 20,000 | |
Payments on revolving credit facilities | -230,000 | ||
Payment of deferred financing costs | -5,222 | -9,850 | -64,619 |
Common distributions | -108,253 | -78,400 | -832,938 |
ESH REIT preferred distributions | -16 | -16 | -16 |
Sale of equity | 649,750 | ||
Equity issuance costs | -47,585 | ||
Contributions from HVM members | 75 | ||
Distributions to HVM members | -2,011 | -397 | |
Net cash (used in) provided by financing activities | -127,160 | -188,977 | 27,594 |
CHANGES IN CASH AND CASH EQUIVALENTS DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES | -215 | -202 | 136 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 60,867 | -43,125 | 4,998 |
CASH AND CASH EQUIVALENTS-Beginning of period | 60,457 | 103,582 | 98,584 |
CASH AND CASH EQUIVALENTS-End of period | 121,324 | 60,457 | 103,582 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Cash payments for interest, excluding prepayment and other penalties | 125,258 | 201,227 | 196,350 |
Income tax payments-net of refunds of $127, $935 and $66 | 36,379 | 233 | 11,349 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
Capital expenditures included in accounts payable and accrued liabilities | 15,912 | 21,241 | 13,625 |
Acquisition of hotels, property and equipment paid by Sponsors | 3,925 | ||
Payment of deferred financing costs by Sponsors | 2,000 | ||
Issuance of mandatorily redeemable preferred stock | 21,202 | ||
ESH REIT [Member] | |||
OPERATING ACTIVITIES: | |||
NET INCOME | 247,094 | 100,466 | 20,068 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 183,033 | 165,998 | 128,564 |
Amortization of intangible assets | 1,187 | 1,374 | |
Foreign currency transaction loss | 3,629 | ||
Amortization and write-off of deferred financing costs and accretion of debt discount | 16,956 | 23,998 | 45,365 |
Amortization of above-market ground leases | -136 | -136 | -136 |
Loss on disposal of property and equipment | 3,133 | 3,493 | 3,499 |
Impairment of long-lived assets | 0 | 3,330 | 1,420 |
Gain on sale of hotel properties | -864 | ||
Equity-based compensation | 671 | 6,643 | 6,428 |
Deferred income tax (benefit) expense | 1 | -7,440 | 2,387 |
Deferred rent receivable from Extended Stay America, Inc. | -27,252 | -3,631 | |
Changes in assets and liabilities: | |||
Accounts receivable, net | -9,821 | -2,879 | |
Due to/from Extended Stay America, Inc., net | 29,711 | -63,096 | |
Other assets | -7,241 | 13,699 | -11,634 |
Unearned rental revenue/rent receivable from Extended Stay America, Inc., net | -11,713 | 37,838 | |
Accounts payable and accrued liabilities | -4,165 | 22,670 | -287 |
Net cash provided by operating activities | 432,857 | 295,198 | 194,169 |
INVESTING ACTIVITIES: | |||
Purchases of property and equipment | -166,358 | -171,931 | -271,464 |
Acquisition of hotels, property and equipment | -16,241 | -128,299 | |
Proceeds from sale of hotel properties, net | 3,223 | ||
(Increase) decrease in restricted cash and insurance collateral | -4,096 | 22,074 | 175,167 |
Proceeds from insurance recoveries | 13,924 | 2,020 | 754 |
Net cash used in investing activities | -153,307 | -164,078 | -223,842 |
FINANCING ACTIVITIES: | |||
Proceeds from mortgage loans | 2,520,000 | ||
Principal payments on mortgage loans | -1,794 | -5,865 | -1,974,511 |
Proceeds from mezzanine loans | 1,080,000 | ||
Principal payments on mezzanine loans | -365,000 | -715,000 | -700,000 |
Proceeds from term loan facility, net of discount | 373,125 | ||
Proceeds from revolving credit facilities | 143,000 | 20,000 | |
Payments on revolving credit facilities | -163,000 | ||
Payment of deferred financing costs | -5,222 | -4,978 | -64,619 |
Net proceeds from Extended Stay America, Inc. | -4,676 | ||
Common stock issued | 138 | ||
Common distributions | -240,910 | -78,400 | -826,192 |
ESH REIT preferred distributions | -16 | -16 | -16 |
Company reorganization | -29,351 | ||
Sale of equity | 619,933 | ||
Equity issuance costs | -19,991 | ||
Contributions from HVM members | 75 | ||
Distributions to HVM members | -2,011 | -397 | |
Net cash (used in) provided by financing activities | -264,355 | -215,679 | 34,340 |
CHANGES IN CASH AND CASH EQUIVALENTS DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES | 24 | -147 | 136 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 15,219 | -84,706 | 4,803 |
CASH AND CASH EQUIVALENTS-Beginning of period | 18,597 | 103,303 | 98,500 |
CASH AND CASH EQUIVALENTS-End of period | 33,816 | 18,597 | 103,303 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Cash payments for interest, excluding prepayment and other penalties | 122,184 | 201,089 | 196,350 |
Income tax payments-net of refunds of $127, $935 and $66 | 873 | 239 | 11,349 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
Capital expenditures included in accounts payable and accrued liabilities | 15,876 | 20,103 | 13,625 |
Acquisition of hotels, property and equipment paid by Sponsors | 3,925 | ||
Payment of deferred financing costs by Sponsors | $2,000 |
Consolidated_and_Combined_Stat4
Consolidated and Combined Statements of Cash Flows (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income tax payments-refunds | $281 | $941 | $66 |
ESH REIT [Member] | |||
Income tax payments-refunds | $127 | $935 | $66 |
Business_Organization_and_Basi
Business, Organization and Basis of Consolidation and Combination | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Business, Organization and Basis of Consolidation and Combination | 1 | BUSINESS, ORGANIZATION AND BASIS OF CONSOLIDATION AND COMBINATION | ||
Extended Stay America, Inc. (the “Corporation”) was incorporated in the state of Delaware on July 8, 2013. Prior to November 2013, the Corporation had no operations. ESH Hospitality, Inc. (“ESH REIT”) was formed as a limited liability company in the state of Delaware on September 16, 2010 and was converted to a corporation on November 5, 2013. The formation of the Corporation and the conversion of ESH REIT into a Delaware corporation were completed as part of the Pre-IPO Transactions, defined and discussed below, and in contemplation of the Corporation’s and ESH REIT’s initial public offering. Subsequent to the Pre-IPO Transactions, defined and discussed below, the Corporation holds all of the issued and outstanding Class A common stock of ESH REIT, which represents approximately 55% of the outstanding common stock of ESH REIT. Due to its controlling interest in ESH REIT, the Corporation consolidates the financial position, results of operations, comprehensive income and cash flows of ESH REIT. The term, “the Company,” as used herein refers to the Corporation and ESH REIT and their subsidiaries presented on a consolidated and combined basis. | ||||
As of December 31, 2014 and 2013, the Company owned and operated 679 and 681 hotel properties, respectively, in 44 U.S. states consisting of 75,500 and approximately 75,700 rooms, respectively, and three hotels in Canada consisting of 500 rooms. The majority of hotels are operated under the core brand, Extended Stay America. Three Canadian hotels operate under the brand Extended Stay Canada and 47 hotels operate under the brand Crossland Economy Studios. | ||||
Organization Prior to the Pre-IPO Transactions and Initial Public Offering | ||||
Prior to the Pre-IPO Transactions, ESH REIT’s predecessor, ESH Hospitality LLC, was directly owned by ESH Hospitality Holdings LLC (“Holdings”), a Delaware limited liability company, whose members were investment funds sponsored and managed by Centerbridge Partners L.P., Paulson & Co. Inc. and The Blackstone Group L.P. and their affiliates (collectively, the “Sponsors”). | ||||
The hotels were leased by ESH Hospitality LLC’s taxable REIT subsidiaries (the “Operating Lessees”), which contracted with HVM LLC (“HVM”), a separate, independently owned hotel management and administrative services company, to manage the hotels and provide certain other administrative services. HVM was indirectly owned by individuals who were each active in the business of HVM and was managed by an entity indirectly owned by employees of the Sponsors. The brands were owned by a subsidiary of ESH Strategies LLC (“ESH Strategies”), a Delaware limited liability company, that licensed the brands to the Operating Lessees. ESH Strategies (together with ESH Hospitality LLC, the Company’s predecessor) was directly owned by ESH Hospitality Strategies Holdings LLC (“Strategies Holdings”), a Delaware limited liability company, whose members were substantially the same investment funds as those that owned Holdings. | ||||
The Pre-IPO Transactions | ||||
The Pre-IPO Transactions, which were completed in November 2013, restructured and reorganized the then-existing businesses and entities prior to the Corporation’s and ESH REIT’s initial public offering, and consisted primarily of the following: | ||||
• | Holdings distributed 96.5% of the common stock of ESH REIT to the holders of Class A Units in Holdings and retained the remaining shares, which were subsequently paired with Corporation common stock and distributed as described below; the common stock of ESH REIT was recapitalized into two classes of common stock: Class A common stock and Class B common stock. | |||
• | The Sponsors acquired the Corporation for a nominal fee. | |||
• | ESH REIT transferred the Operating Lessees to newly-formed, wholly-owned subsidiaries of the Corporation; in connection with the transfer of 1.0% of the Operating Lessees, the Corporation paid ESH REIT approximately $1.6 million and the operating leases were amended to reflect then current fair market value terms. | |||
• | A newly-formed, wholly-owned subsidiary of the Corporation, ESA Management LLC (“ESA Management”), acquired all of the assets and assumed all of the liabilities of HVM for approximately $0.8 million; the existing management agreements were terminated and ESA Management entered into new management agreements with the Operating Lessees. ESA Management assumed sponsorship of HVM’s savings plan that qualifies under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”) (see Note 16). | |||
• | The shareholders of ESH REIT contributed the Class A common stock of ESH REIT, representing approximately 55% of the outstanding common stock of ESH REIT, to the Corporation in exchange for common stock of the Corporation; the common stock of the Corporation was stapled to, or paired with, the Class B common stock of ESH REIT on a one-for-one basis, forming the Paired Shares offered pursuant to the Corporation’s and ESH REIT’s initial public offering. | |||
• | The Corporation acquired all of the interests in ESH Strategies in exchange for approximately $21.2 million of mandatorily redeemable preferred stock of the Corporation, which pays preferred dividends at 8.0% per annum (see Note 8). | |||
• | Holdings distributed its remaining Paired Shares. | |||
Because the Sponsors owned the same percentages of the Company subsequent to the Pre-IPO Transactions as they owned of Holdings and Strategies Holdings prior to the Pre-IPO Transactions, a non-substantive exchange occurred. Accordingly, the transfer of net assets that occurred in connection with the Pre-IPO Transactions was recognized at historical cost basis. | ||||
Following the Pre-IPO Transactions, the Corporation, through its direct wholly-owned subsidiaries, leases the hotel properties from ESH REIT, owns the trademarks related to the business and manages the hotel properties. ESH REIT owns all of the hotel properties. The Corporation owns, and is expected to continue to own, all of the Class A common stock of ESH REIT, which represents approximately 55% of the outstanding common stock of ESH REIT. | ||||
Initial Public Offering and Secondary Offering | ||||
On November 18, 2013, the Corporation and ESH REIT completed an initial public offering (the “Offering”) of 32,487,500 Paired Shares for cash consideration of $20.00 per Paired Share, each Paired Share consisting of one share of common stock, par value $0.01 per share, of the Corporation, that is attached to and trades as a single unit with one share of Class B common stock, par value $0.01 per share, of ESH REIT. The Offering included 4,237,500 Paired Shares purchased by the underwriters in connection with the exercise in full of their option to purchase additional Paired Shares and raised total gross proceeds to the Corporation and ESH REIT of approximately $649.8 million. | ||||
After deducting underwriting discounts, commissions and other transaction costs, the Offering raised proceeds to the Corporation and ESH REIT of approximately $602.2 million. The proceeds were divided among the Corporation and ESH REIT based on their relative valuations. The Corporation used the majority of the proceeds it received to purchase shares of Class A common stock of ESH REIT to maintain its ownership of approximately 55% of the outstanding common stock of ESH REIT. ESH REIT used its proceeds from the Offering, including proceeds received pursuant to the sale of Class A common stock to the Corporation, in addition to cash on hand, to repay approximately $331.0 million of its Mezzanine A Loan, approximately $218.5 million of its Mezzanine B Loan and approximately $165.5 million of its Mezzanine C Loan (see Note 7). | ||||
On August 12, 2014, certain selling stockholders (the “Selling Shareholders”) sold 24,150,000 Paired Shares as part of a secondary offering. The Selling Shareholders consisted solely of entities affiliated with the Sponsors and did not include officers or directors of the Corporation or ESH REIT. Neither the Corporation nor ESH REIT sold Paired Shares in the secondary offering and neither received proceeds from the secondary offering. The Corporation and ESH REIT did, however, incur professional fees in connection with the secondary offering. For the year ended December 31, 2014, total costs incurred and expensed were approximately $1.5 million. | ||||
As of December 31, 2014 and 2013, the public owns approximately 28.9% and 15.9%, respectively, of the outstanding Paired Shares, while the Sponsors and senior management, including certain directors, own approximately 71.1% and 84.1%, respectively, of the outstanding Paired Shares. | ||||
As of December 31, 2014, the Corporation owns 250,303,494 shares of ESH REIT’s Class A common stock; the Sponsors, senior management, including certain directors, and the public own 204,517,265 shares of ESH REIT’s Class B common stock. | ||||
Basis of Consolidation and Combination | ||||
The accompanying consolidated and combined financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). References to the Company, its financial position, results of operations, comprehensive income, changes in equity and cash flows mean the Corporation and its consolidated subsidiaries, including the Operating Lessees, ESH Strategies, ESA Management and ESH REIT, for periods from the Pre-IPO Transactions through December 31, 2014, and to the Company’s predecessor, which includes ESH REIT’s predecessor, ESH Strategies and HVM (see Notes 2 and 12), for periods through the Pre-IPO Transactions. | ||||
For periods from the Pre-IPO Transactions through December 31, 2014, third party equity interests in ESH REIT consist of all of the shares of Class B common stock of ESH REIT, which represent approximately 45% of ESH REIT’s total common equity, and 125 shares of preferred stock of ESH REIT (see Note 11). These interests, which are not owned by the Corporation, are presented as noncontrolling interests in the accompanying consolidated and combined financial statements. | ||||
For periods through the Pre-IPO Transactions, third party equity interests in HVM, which represented all of HVM’s equity, were not owned by the Company or the Company’s predecessor and are presented as noncontrolling interests in the accompanying consolidated and combined financial statements (see Notes 11 and 12). | ||||
ESH REIT’s predecessor and ESH Strategies were entities under common ownership of substantially the same investment funds of the Sponsors and common management. The Sponsors reorganized ESH REIT’s predecessor and ESH Strategies as part of the Pre-IPO Transactions to effect the Offering. Since the Pre-IPO Transactions, which resulted in the entities becoming a consolidated group, were accounted for at historical cost, the Company’s predecessor financial information combines ESH REIT’s predecessor financial information with that of ESH Strategies. | ||||
All intercompany accounts and transactions have been eliminated. | ||||
ESH REIT [Member] | ||||
Business, Organization and Basis of Consolidation and Combination | 1 | BUSINESS, ORGANIZATION AND BASIS OF CONSOLIDATION | ||
ESH Hospitality, Inc. (“ESH REIT”) was formed as a limited liability company in the state of Delaware on September 16, 2010 and was converted to a corporation on November 5, 2013. Extended Stay America, Inc. (the “Corporation”) was incorporated in the state of Delaware on July 8, 2013. The formation of the Corporation and the conversion of ESH REIT into a Delaware corporation were completed as part of the Pre-IPO Transactions, defined and discussed below, and in contemplation of the Corporation’s and ESH REIT’s initial public offering. | ||||
As of December 31, 2014 and 2013, ESH REIT and its subsidiaries owned 679 and 681 hotel properties, respectively, in 44 U.S. states consisting of 75,500 and approximately 75,700 rooms, respectively, and three hotels in Canada consisting of 500 rooms. For the period from the Pre-IPO Transactions through December 31, 2014, the hotels were operated by subsidiaries of the Corporation (the “Operating Lessees”) pursuant to leases between ESH REIT and the Operating Lessees. For periods through the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT, referred to as taxable REIT subsidiaries. | ||||
The majority of hotels are operated under the core brand, Extended Stay America. Three Canadian hotels operate under the brand Extended Stay Canada and 47 hotels operate under the brand Crossland Economy Studios. The brands are owned by ESH Hospitality Strategies LLC (“ESH Strategies”), a subsidiary of the Corporation. | ||||
Organization Prior to the Pre-IPO Transactions and Initial Public Offering | ||||
Prior to the Pre-IPO Transactions, ESH REIT’s predecessor, ESH Hospitality LLC, was directly owned by ESH Hospitality Holdings LLC (“Holdings”), a Delaware limited liability company, whose members were investment funds sponsored and managed by Centerbridge Partners L.P., Paulson & Co. Inc. and The Blackstone Group L.P. and their affiliates (collectively, the “Sponsors”). | ||||
The hotels were leased by ESH Hospitality LLC’s taxable REIT subsidiaries, the Operating Lessees, which contracted with HVM LLC (“HVM”), a separate, independently owned hotel management and administrative services company, to manage the hotels and provide certain other administrative services. HVM was indirectly owned by individuals who were each active in the business of HVM and was managed by an entity indirectly owned by employees of the Sponsors. | ||||
The Pre-IPO Transactions | ||||
The Pre-IPO Transactions, which were completed in November 2013, restructured and reorganized the then-existing businesses and entities prior to the Corporation’s and ESH REIT’s initial public offering, and consisted primarily of the following: | ||||
• | Holdings distributed 96.5% of the common stock of ESH REIT to the holders of Class A Units in Holdings and retained the remaining shares, which were subsequently paired with Corporation common stock and distributed as described below; the common stock of ESH REIT was recapitalized into two classes of common stock: Class A common stock and Class B common stock. | |||
• | The Sponsors acquired the Corporation for a nominal fee. | |||
• | ESH REIT transferred the Operating Lessees to newly-formed, wholly-owned subsidiaries of the Corporation; in connection with the transfer of 1.0% of the Operating Lessees, the Corporation paid ESH REIT approximately $1.6 million and the operating leases were amended to reflect then current fair market value terms. | |||
• | A newly-formed, wholly-owned subsidiary of the Corporation, ESA Management LLC (“ESA Management”), acquired all of the assets and assumed all of the liabilities of HVM for approximately $0.8 million; the existing management agreements were terminated and ESA Management entered into new management agreements with the Operating Lessees. ESA Management assumed sponsorship of HVM’s savings plan that qualifies under Section 401(k) of the Internal Revenue Code of 1986, as amended (the “Code”) (see Note 15). | |||
• | The shareholders of ESH REIT contributed the Class A common stock of ESH REIT, representing approximately 55% of the outstanding common stock of ESH REIT, to the Corporation in exchange for common stock of the Corporation; the common stock of the Corporation was stapled to, or paired with, the Class B common stock of ESH REIT on a one-for-one basis, forming the Paired Shares offered pursuant to the Corporation’s and ESH REIT’s initial public offering. | |||
• | The Corporation acquired all of the interests in ESH Strategies in exchange for approximately $21.2 million of mandatorily redeemable preferred stock of the Corporation, which pays preferred dividends at 8.0% per annum. | |||
• | Holdings distributed its remaining Paired Shares. | |||
Following the Pre-IPO Transactions, the Corporation, through its direct wholly-owned subsidiaries, leases the hotel properties from ESH REIT, owns the trademarks related to the business and manages the hotel properties. ESH REIT owns all of the hotel properties. The Corporation owns, and is expected to continue to own, all of the Class A common stock of ESH REIT, which represents approximately 55% of the outstanding common stock of ESH REIT. | ||||
Initial Public Offering and Secondary Offering | ||||
On November 18, 2013, the Corporation and ESH REIT completed an initial public offering (the “Offering”) of 32,487,500 Paired Shares for cash consideration of $20.00 per Paired Share, each Paired Share consisting of one share of common stock, par value $0.01 per share, of the Corporation, that is attached to and trades as a single unit with one share of Class B common stock, par value $0.01 per share, of ESH REIT. The Offering included 4,237,500 Paired Shares purchased by the underwriters in connection with the exercise in full of their option to purchase additional Paired Shares and raised total gross proceeds to the Corporation and ESH REIT of approximately $649.8 million. | ||||
After deducting underwriting discounts, commissions and other transaction costs, the Offering, including ESH REIT’s sale of shares of Class A common stock to the Corporation, raised proceeds to ESH REIT of approximately $599.9 million. The proceeds were divided among the Corporation and ESH REIT based on their relative valuations. The Corporation used the majority of the proceeds it received to purchase shares of Class A common stock of ESH REIT to maintain its ownership of approximately 55% of the outstanding common stock of ESH REIT. ESH REIT used its proceeds from the Offering, including proceeds received pursuant to the sale of Class A common stock to the Corporation, in addition to cash on hand, to repay approximately $331.0 million of its Mezzanine A Loan, approximately $218.5 million of its Mezzanine B Loan and approximately $165.5 million of its Mezzanine C Loan (see Note 6). | ||||
On August 12, 2014, certain selling stockholders (the “Selling Shareholders”) sold 24,150,000 Paired Shares as part of a secondary offering. The Selling Shareholders consisted solely of entities affiliated with the Sponsors and did not include officers or directors of the Corporation or ESH REIT. Neither the Corporation nor ESH REIT sold Paired Shares in the secondary offering and neither received proceeds from the secondary offering. The Corporation and ESH REIT did, however, incur professional fees in connection with the secondary offering. For the year ended December 31, 2014, total costs incurred and expensed by ESH REIT were approximately $0.7 million. | ||||
As of December 31, 2014 and 2013, the public owns approximately 28.9% and 15.9%, respectively, of the outstanding Paired Shares, while the Sponsors and senior management, including certain directors, own approximately 71.1% and 84.1%, respectively, of the outstanding Paired Shares. | ||||
As of December 31, 2014, the Corporation owns 250,303,494 shares of ESH REIT’s Class A common stock; the Sponsors, senior management, including certain directors, and the public own 204,517,265 shares of ESH REIT’s Class B common stock, each of which is attached to and trades as a single unit with a share of the Corporation’s common stock. | ||||
Basis of Consolidation | ||||
The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). | ||||
For periods from the Pre-IPO Transactions through December 31, 2014, the consolidated results of operations of ESH REIT include the results of operations of ESH REIT and its subsidiaries, which do not include the Operating Lessees. Further, the results of operations of ESA Management, which performs the management and administrative services previously performed by HVM, are not consolidated within ESH REIT’s results, as ESA Management is owned by the Corporation. | ||||
For the periods through the Pre-IPO Transactions, the consolidated results of operations of ESH REIT included the results of operations of ESH REIT’s predecessor, ESH Hospitality LLC, and its subsidiaries, which included the Operating Lessees. Additionally, for the periods through the Pre-IPO Transactions, ESH REIT’s consolidated results of operations included the results of operations of HVM, a consolidated variable interest entity (see Notes 2 and 10). Third party equity interests in HVM, which represented all of HVM’s equity, were not owned by ESH REIT and are presented as noncontrolling interests. | ||||
All intercompany accounts and transactions have been eliminated. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Summary of Significant Accounting Policies | 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||
Use of Estimates—The preparation of the accompanying consolidated and combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the allocation of purchase price to assets that were acquired in 2013 and 2012 (see Note 4). Significant estimates also include the estimated useful lives of tangible assets as well as the assessment of tangible and intangible assets, including goodwill for impairment, estimated liabilities for insurance reserves and the grant-date fair value of restricted stock awards related to equity-based compensation prior to the completion of the Pre-IPO Transactions. Actual results could differ from those estimates. | |||||
Cash and Cash Equivalents—The Company considers all cash on hand, demand deposits with financial institutions, credit card receivables, and short-term, highly liquid investments with original maturities of three months or less to be cash equivalents. The Company has deposits in excess of $250,000 with financial institutions that are not insured by the Federal Deposit Insurance Corporation. The Company does not believe cash and cash equivalents expose it to significant credit risk. | |||||
Accounts Receivable and Allowance for Doubtful Accounts—Provision for doubtful accounts is made when collection of receivables is considered doubtful. Balances are considered past due when payment is not received by the contractual due date. When management determines that accounts receivable are uncollectible, they are written off against the allowance for doubtful accounts. | |||||
Restricted Cash—Restricted cash primarily consists of amounts held in cash management accounts and in escrows for the payment of hotel occupancy/sales taxes, real estate taxes and insurance, capital improvements, ground leases, operating expenses (including management fees and reimbursements) and mortgage debt service, all as required by ESH REIT’s mortgage loan agreement (see Note 7). As of December 31, 2014, restricted cash also includes deposits held for insurance collateral of approximately $21.6 million. | |||||
Property and Equipment—Property and equipment additions are recorded at cost. Major improvements that extend the life or utility of property or equipment are capitalized and depreciated over a period equal to the shorter of the estimated useful life of the improvement or the remaining estimated useful life of the asset. Ordinary repairs and maintenance are charged to expense as incurred. | |||||
Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | |||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Management assesses whether there has been impairment of the value of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property to the estimated future undiscounted cash flows expected to be generated by each hotel property. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of each hotel property. | |||||
To the extent that a hotel property is impaired, the excess carrying amount of each hotel property over its estimated fair value is charged to operating earnings. Fair value is determined based upon the discounted cash flows of each hotel property, quoted market prices or independent appraisals, as considered necessary. The Company recognized impairment charges related to property and equipment of approximately $2.3 million, $3.3 million and $1.4 million for the years ended December 31, 2014, 2013 and 2012, respectively (see Note 5). | |||||
The estimation of future undiscounted cash flows is inherently uncertain and relies upon assumptions regarding current and future economic and market conditions. If such conditions change, then an impairment charge to reduce the carrying value of each hotel property could occur in a future period in which conditions change. | |||||
Intangible Assets and Liabilities—Intangible assets and liabilities include trademarks, above-market contracts, corporate customer relationships and customer databases. Above-market contracts, corporate customer relationships and customer databases are amortized using the straight-line method over their estimated remaining useful lives, which in the case of contracts is typically the remaining non-cancelable term. Finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. Trademarks are not amortized. Indefinite-lived intangible assets are reviewed for impairment at least annually. At such time their classification as indefinite-lived intangible assets is reassessed. The Company first assesses qualitative factors to determine if it is not more likely than not that the fair value of its indefinite-lived intangible assets is less than its carrying amount. No impairment charges related to intangible assets were recognized during the years ended December 31, 2014, 2013 or 2012. | |||||
Goodwill—Goodwill represents the excess purchase price over the fair value of net assets acquired. The Company tests goodwill for impairment at least annually in the fourth quarter. The Company tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company has one operating segment, which is its reporting unit; therefore, management analyzes goodwill associated with all hotels when analyzing for potential impairment. The Company first assesses qualitative factors to determine if it is not more likely than not that the fair value of its reporting unit is less than its carrying amount. No impairment charges related to goodwill were recognized during the years ended December 31, 2014, 2013 or 2012. | |||||
Property Acquisitions—The purchase price of net tangible and identified intangible assets and liabilities are recorded based on their relative fair values on the date of acquisition. The fair value of the acquired land and site improvements, building and improvements, and furniture, fixtures and equipment is determined considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, based on independent appraisals and other relevant market data obtained in connection with the acquisition of the hotels. The results of operations of acquired hotel properties are included in the accompanying consolidated and combined statements of operations since their respective dates of acquisition. | |||||
Deferred Financing Costs—Costs incurred in obtaining financing are amortized over the terms of the related loans on a straight-line basis, which approximates the effective interest method. Upon repayment of, or in conjunction with a material change in the terms of, the underlying debt agreement, remaining unamortized costs are charged to earnings. During the years ended December 31, 2014, 2013 and 2012, approximately $5.1 million, $11.7 million and $34.4 million, respectively, of unamortized deferred financing costs, primarily related to the prepayment of mortgage and mezzanine loans, were charged to earnings and are included in net interest expense in the accompanying consolidated and combined statements of operations. Amortization of deferred financing costs unrelated to the prepayment of mortgage and mezzanine loans, which is also included in net interest expense in the accompanying consolidated and combined statements of operations, was approximately $14.3 million, $12.5 million and $11.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||
Revenue Recognition—Room and other hotel revenues are recognized when services are provided. Amounts paid in advance by customers are recorded as deferred revenues and included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. Other hotel revenues primarily consist of revenues derived from guest laundry, pet fees, internet fees, additional housekeeping, telephone and other miscellaneous fees or services. Occupancy, hotel and sales taxes collected from customers and remitted to the taxing authorities are excluded from revenues. | |||||
Advertising Costs—Advertising costs are expensed as incurred. In 2014, total advertising costs were approximately $28.3 million and are classified as hotel operating expenses in the accompanying consolidated statement of operations. Prior to 2014, internet advertising costs were included in hotel operating expenses and all other advertising costs were included in general and administrative expenses in the accompanying consolidated and combined statements of operations. For the years ended December 31, 2013 and 2012, advertising costs were approximately $28.2 million and $25.2 million, respectively, approximately $18.8 million and $15.2 million of which are classified as hotel operating expenses, and approximately $9.4 million and $10.0 million of which are classified as general and administrative expenses, respectively. | |||||
Operating Leases—Rent expense, including ground rent, is recognized on a straight-line basis over the terms of the related leases. | |||||
Fair Value of Financial Instruments—U.S. GAAP establishes a three-level valuation hierarchy based upon observable and unobservable inputs for fair value measurement of financial instruments: | |||||
Level 1—Observable inputs, such as quoted prices in active markets at the measurement date for identical assets or liabilities | |||||
Level 2—Significant inputs that are observable, directly or indirectly, such as other quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability | |||||
Level 3—Significant unobservable inputs for which there is little to no market data and for which the Company makes its own assumptions about how market participants would price the asset or liability | |||||
Fair value is defined as the price that would be received when selling an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest-level input significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. | |||||
The Company’s financial instruments consist of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities, mortgage and term loans, mandatorily redeemable preferred stock and revolving credit facilities. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities and revolving credit facilities are representative of their fair values due to the short-term nature or frequent settlement of these instruments. The fair values of mortgage and term loans and mandatorily redeemable preferred stock are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on the Company’s current mortgage and term loans and mandatorily redeemable preferred stock or quoted market prices, when available (see Notes 7 and 8). | |||||
Derivative Instruments—Derivative instruments, including derivative instruments embedded in other contracts (if applicable), are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met. The Company does not enter into derivative financial instruments for trading or speculative purposes. | |||||
Insurance Reserves—The Company utilizes various high-deductible insurance programs for workers’ compensation, general liability and health insurance claims. Such retained losses require estimates in determining the liability for claims arising under these programs. Workers’ compensation, general liability and health insurance liabilities are estimated using actuarial evaluations based on historical and projected claims and medical cost trends. As of December 31, 2014 and 2013, approximately $41.3 million and $36.2 million, respectively, of liabilities for such high-deductible insurance programs are included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. | |||||
Variable Interest Entity—Prior to the Pre-IPO Transactions, the Company held a variable interest in HVM, a separate, independently owned hotel management and administrative services company (see Note 12). The Company’s maximum exposure to loss as a result of its involvement with HVM was related to the need to secure alternative hotel management services and systems support if HVM were ever unable to fulfill its obligations under its management agreements with ESH REIT. The assets of HVM could not be used to settle obligations of the Company and the Company’s assets could not be used to settle obligations of HVM. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, the Company or the Company’s predecessor represented approximately 99% and 97%, respectively, of the business conducted by HVM. The Company concluded that it was the primary beneficiary of HVM and, as a result, consolidated the financial position, results of operations, comprehensive income and cash flows of HVM for periods prior to the Pre-IPO Transactions. Since the Company had no equity interest in HVM, the results of operations and members’ capital of HVM were reported as noncontrolling interests in the accompanying consolidated and combined financial statements for periods through the Pre-IPO Transactions. Subsequent to the Pre-IPO Transactions, HVM no longer meets the definition of a variable interest entity. See summarized financial information of HVM in Note 12. | |||||
Income Taxes—Subsequent to the Pre-IPO Transactions, the Company’s taxable income includes the taxable income of its wholly-owned subsidiaries, ESA Management, ESH Strategies and the Operating Lessees, and includes distribution income related to its ownership of approximately 55% of ESH REIT. As a result, approximately 55% of ESH REIT’s distributions are subject to corporate income tax. Prior to 2014, the Corporation received no distribution income with respect to its ownership interest in ESH REIT. Prior to the Pre-IPO Transactions, all of ESH REIT’s distributions were made to its owners (i.e., the Sponsors) and ESH REIT generally incurred no federal income tax. | |||||
The Company recognizes deferred tax assets and liabilities using the asset and liability method, under which deferred tax assets and liabilities are calculated based upon the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. Valuation allowances are provided if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized in future periods. The realization of deferred tax assets is primarily dependent on estimated future taxable income. A change in the estimate of future taxable income may require an addition to, or a reduction of, the valuation allowance. | |||||
ESH REIT has elected to be taxed as and expects to continue to qualify as a real estate investment trust (“REIT”) under provisions of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | |||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax. In the future, ESH REIT intends to distribute approximately 95% of its taxable income and net capital gain. Accordingly, ESH REIT is expected to be subject to federal and state income tax on approximately 5% of its taxable income. The Company has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. Included in the net deferred tax liability balance is a deferred tax asset related to net operating loss carryforwards of ESH REIT that expire in 2032. | |||||
Prior to the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT and elected to be treated as taxable REIT subsidiaries. As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns. ESH Strategies’ and HVM’s operating results were reportable by their members or members of their ultimate parent. Thus, federal income taxes were not recognized for these entities. ESH Strategies and HVM were also subject to state and local taxes in certain jurisdictions. | |||||
Foreign Currency—The financial statements of certain of the Company’s subsidiaries and its investments therein are maintained in their functional currency, the Canadian dollar (“C$”), and their income and expenses are translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. As of December 31, 2014 and 2013, foreign currency translation losses of approximately $5.8 million and $4.1 million, respectively, are reflected in accumulated other comprehensive loss as a component of equity in the accompanying consolidated balance sheets. | |||||
Foreign currency transaction losses mainly related to U.S. dollar denominated debt at Canadian subsidiaries of approximately $3.8 million are included in other non-operating expense in the accompanying consolidated statement of operations for the year ended December 31, 2014. | |||||
Comprehensive Income—Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments. Comprehensive income is presented in the accompanying consolidated and combined statements of comprehensive income and foreign currency translation adjustments are displayed as a separate component of consolidated equity. | |||||
Equity-Based Compensation—The Corporation and ESH REIT each maintain a Long-Term Incentive Plan (“LTIP”) under which the Corporation and ESH REIT may issue to eligible employees or directors restricted stock awards, restricted stock units or other equity-based awards. The Company recognizes costs related to equity-based awards over their vesting periods. The issuing entity classifies equity-based awards granted in exchange for employee services as either equity awards or as liability awards. The classification of an award either as an equity award or a liability award is generally based upon cash settlement options. Equity awards are measured based on their fair value on the date of grant. Liability awards are re-measured to fair value each reporting period. The value of all awards, less estimated forfeitures, is recognized over the period during which an employee or director is required to provide services in exchange for the award – the requisite service period (usually the vesting period). No compensation cost is recognized for awards for which employees or directors do not render the requisite services. All awards granted subsequent to the Pre-IPO Transactions are classified as equity awards except those equity-based awards issued by ESH REIT to its directors, which are classified as liability awards. | |||||
Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan further described in Note 15. Equity-based compensation related to this plan was recorded in the accompanying consolidated and combined statements of operations due to the fact that HVM was a consolidated variable interest entity. | |||||
Segments—The Company’s hotel operations represent a single operating segment based on the way the Company manages its business. The Company’s hotels provide similar services, use similar processes to sell those services and sell their services to similar classes of customers. The amounts of long-lived assets and net sales outside the U.S. are not significant for any period presented. | |||||
Recently Issued Accounting Standards | |||||
Income Statement—Extraordinary and Unusual Items—In January 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update to simplify income statement presentation by eliminating the concept of extraordinary items. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Presentation of Financial Statements—Going Concern—In August 2014, the FASB issued an accounting standard which provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements. Further, an entity must provide certain disclosures if there is “substantial doubt” about its ability to continue as a going concern. The new accounting standard is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company does not expect the adoption of this guidance to have a material effect on its consolidated and combined financial statements. | |||||
Stock Compensation—Share-Based Payment Awards—In June 2014, the FASB issued an accounting standards update which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. The compensation expense related to such awards should be delayed until it becomes probable that the performance target will be met. The updated accounting standard does not contain additional disclosure requirements. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. As the Company does not currently have performance targets for any of its share-based payment awards, the Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Contractual Revenue—In May 2014, the FASB issued an accounting standards update which amends existing revenue recognition accounting standards. This update is based on the principle that revenue is recognized when an entity transfers goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The updated accounting standard also requires more detailed disclosure to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The updated accounting standard is effective for annual reporting periods beginning after December 15, 2016, and shall be applied using one of two retrospective application methods. Early adoption is not permitted. The Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Reporting Discontinued Operations—In April 2014, the FASB issued an accounting standards update which modifies the definition of discontinued operations and requires that only disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results be reported as discontinued operations in the financial statements. This updated accounting standard is effective for all disposals (or classifications as held for sale) of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements due to a limited number of historical dispositions. This guidance is expected to result in reporting discontinued operations less frequently than the previous accounting standard. For example, the sale of the two Hometown Inn-branded hotels in 2014 were not reported as discontinued operations as they did not represent a strategic shift that had a major effect on the Company’s operations or financial results. | |||||
Income Taxes —In July 2013, the FASB issued an accounting standards update which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date, and retrospective application is permitted. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements. | |||||
Cumulative Translation Adjustment—In March 2013, the FASB issued an accounting standards update that indicates when the cumulative translation adjustment (“CTA”) related to an entity’s investment in a foreign entity should be released to earnings. The CTA should be released when an entity sells a foreign subsidiary or a group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in a foreign entity. The CTA should also be released when an entity no longer has a controlling financial interest in an investment in a foreign entity. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013, and shall be applied prospectively. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements. | |||||
ESH REIT [Member] | |||||
Summary of Significant Accounting Policies | 2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||
Use of Estimates—The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the allocation of purchase price to assets that were acquired in 2013 and 2012 (see Note 4). Significant estimates also include the estimated useful lives of tangible assets as well as the assessment of tangible and intangible assets, including goodwill for impairment, estimated liabilities for insurance reserves, and the grant-date fair value of restricted stock awards related to equity-based compensation prior to completion of the Pre-IPO Transactions. Actual results could differ from those estimates. | |||||
Cash and Cash Equivalents—ESH REIT considers all cash on hand, demand deposits with financial institutions, credit card receivables, and short-term, highly liquid investments with original maturities of three months or less to be cash equivalents. ESH REIT has deposits in excess of $250,000 with financial institutions that are not insured by the Federal Deposit Insurance Corporation. ESH REIT does not believe cash and cash equivalents expose it to significant credit risk. | |||||
Restricted Cash—Restricted cash consists of amounts held in cash management accounts and in escrows for the payment of real estate taxes and insurance, capital improvements, ground leases and mortgage debt service, all as required by ESH REIT’s mortgage loan agreement (see Note 6). | |||||
Property and Equipment—Property and equipment additions are recorded at cost. Major improvements that extend the life or utility of property or equipment are capitalized and depreciated over a period equal to the shorter of the estimated useful life of the improvement or the remaining estimated useful life of the asset. Ordinary repairs and maintenance are charged to expense as incurred. | |||||
Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | |||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Management assesses whether there has been impairment of the value of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable. | |||||
Prior to the Pre-IPO Transactions, recoverability of property and equipment was measured by a comparison of the carrying amount of a hotel property to the estimated future undiscounted cash flows expected to be generated by each hotel property. Impairment was recognized when estimated future undiscounted cash flows, including proceeds from disposition, were less than the carrying value of each hotel property. To the extent that a hotel property was impaired, the excess carrying amount of each hotel property over its estimated fair value was charged to operating earnings. Fair value was determined based upon the discounted cash flows of each hotel property, quoted market prices, or independent appraisals, as considered necessary. ESH REIT recognized impairment charges related to property and equipment of approximately $3.3 million and $1.4 million for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012, respectively (see Note 5). | |||||
Subsequent to the Pre-IPO Transactions, recoverability of property and equipment is measured by a comparison of the carrying amount of a group of hotel properties (groups of hotel properties align with hotels as they are grouped under ESH REIT’s operating leases) to the estimated future undiscounted cash flows expected to be generated by the group of hotel properties. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of the group of hotel properties. To the extent that a group of hotel properties is impaired, the excess carrying amount of the group of hotel properties over its estimated fair value is charged to operating earnings. Fair value is determined based upon the discounted cash flows of the group of hotel properties, quoted market prices, or independent appraisals, as considered necessary. ESH REIT did not recognize any impairment charges related to property and equipment for the year ended December 31, 2014 or for the period from the Pre-IPO Transactions through December 31, 2013 (see Note 5). | |||||
The estimation of future undiscounted cash flows is inherently uncertain and relies upon assumptions regarding current and future economic and market conditions. If such conditions change, then an impairment charge to reduce the carrying value of a group of hotel properties could occur in a future period in which conditions change. | |||||
Intangible Assets and Liabilities— Subsequent to the Pre-IPO Transactions and as of December 31, 2014 and 2013, ESH REIT had no intangible assets or liabilities other than goodwill. Prior to the Pre-IPO Transactions, intangible assets and liabilities related to the Operating Lessees and included above-market contracts, corporate customer relationships and customer databases. Above-market contracts, corporate customer relationships and customer databases were amortized using the straight-line method over their estimated remaining useful lives, which in the case of contracts was typically the remaining non-cancelable term. Intangible assets were reviewed for impairment whenever events or changes in circumstances indicated that the carrying amount of the intangible asset may not have been recoverable. No impairment charges related to intangible assets were recognized during the period from January 1, 2013 through the Pre-IPO Transactions or for the year ended December 31, 2012. | |||||
Goodwill—Goodwill represents the excess purchase price over the fair value of net assets acquired. ESH REIT tests goodwill for impairment at least annually in the fourth quarter. ESH REIT tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. ESH REIT has one operating segment, which is its reporting unit; therefore, management analyzes goodwill associated with all hotels when analyzing for potential impairment. ESH REIT first assesses qualitative factors to determine if it is not more likely than not that the fair value of its reporting unit is less than its carrying amount. No impairment charges related to goodwill were recognized during the years ended December 31, 2014, 2013 or 2012. | |||||
Property Acquisitions—The purchase price of net tangible and identified intangible assets and liabilities are recorded based on their relative fair values on the date of acquisition. The fair value of the acquired land and site improvements, building and improvements, and furniture, fixtures and equipment is determined considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, based on independent appraisals and other relevant market data obtained in connection with the acquisition of the hotels. The results of operations of acquired hotel properties are included in the accompanying consolidated statements of operations since their respective dates of acquisition. | |||||
Deferred Financing Costs—Costs incurred in obtaining financing are amortized over the terms of the related loans on a straight-line basis, which approximates the effective interest method. Upon repayment of, or in conjunction with a material change in the terms of, the underlying debt agreement, remaining unamortized costs are charged to earnings. During the years ended December 31, 2014, 2013 and 2012, approximately $5.1 million, $11.7 million and $34.4 million, respectively, of unamortized deferred financing costs, primarily related to the prepayment of mortgage and mezzanine loans, were charged to earnings and are included in net interest expense in the accompanying consolidated statements of operations. Amortization of deferred financing costs unrelated to the prepayment of mortgage and mezzanine loans, which is also included in net interest expense in the accompanying consolidated statements of operations, was approximately $11.7 million, $12.3 million and $11.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||
Revenue Recognition—Subsequent to the Pre-IPO Transactions, ESH REIT’s only source of consolidated reported revenues is rental revenue derived from leases. ESH REIT records rental revenue on a straight-line basis as it is earned during the lease term. Rent receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represents monthly rental amounts contractually due from the Operating Lessees. Deferred rent receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represents the cumulative difference between straight-line rental revenue and rental revenue contractually due from the Operating Lessees. This amount, approximately $30.9 million as of December 31, 2014, is expected to be received in cash by October 2018. | |||||
Lease rental payments received prior to ESH REIT rendering services are included in unearned rental revenue from Extended Stay America, Inc. on the accompanying consolidated balance sheets. Contingent rental revenue, specifically percentage rental revenue related to Operating Lessee hotel revenue, is recognized once services have been rendered (i.e., percentage rental revenue thresholds have been achieved) and such amounts are fixed and determinable. | |||||
Prior to the Pre-IPO Transactions, ESH REIT’s primary source of consolidated reported revenues was hotel room revenues, since rental revenue derived from the leases eliminated in consolidation. Hotel room revenues and other hotel revenues were recognized when services were provided. Other hotel revenues primarily consisted of revenues derived from guest laundry, pet fees, internet fees, additional housekeeping, telephone and other miscellaneous fees or services. Occupancy, hotel and sales taxes collected from customers and remitted to the taxing authorities were excluded from revenues. | |||||
Advertising Costs—Subsequent to the Pre-IPO Transactions, ESH REIT does not incur advertising costs. Prior to the Pre-IPO Transactions, advertising costs (typically incurred by the Operating Lessees) were expensed as incurred. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, internet advertising costs were included in hotel operating expenses and all other advertising costs were included in general and administrative expenses in the accompanying consolidated statements of operations for periods through the Pre-IPO Transactions. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, advertising costs were approximately $26.3 million and $25.2 million, respectively, approximately $16.9 million and $15.2 million of which were classified as hotel operating expenses and approximately $9.4 million and $10.0 million of which were classified as general and administrative expenses, respectively. | |||||
Operating Leases—Rent expense, including ground rent, is recognized on a straight-line basis over the terms of the related leases. | |||||
Fair Value of Financial Instruments—U.S. GAAP establishes a three-level valuation hierarchy based upon observable and unobservable inputs for fair value measurement of financial instruments: | |||||
Level 1—Observable inputs, such as quoted prices in active markets at the measurement date for identical assets or liabilities | |||||
Level 2—Significant inputs that are observable, directly or indirectly, such as other quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability | |||||
Level 3—Significant unobservable inputs for which there is little to no market data and for which ESH REIT makes its own assumptions about how market participants would price the asset or liability | |||||
Fair value is defined as the price that would be received when selling an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest-level input significant to the fair value measurement in its entirety. ESH REIT’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. | |||||
ESH REIT’s financial instruments consist of cash and cash equivalents, restricted cash, accounts payable and accrued liabilities, mortgage and term loans, and the revolving credit facility. The carrying values of cash and cash equivalents, restricted cash, accounts payable and accrued liabilities and ESH REIT’s revolving credit facility are representative of their fair values due to the short-term nature or frequent settlement of these instruments. The fair values of mortgage and term loans are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on ESH REIT’s current mortgage and term loans or quoted market prices, when available (see Note 6). | |||||
Derivative Instruments—Derivative instruments, including certain derivative instruments embedded in other contracts (if applicable), are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met. ESH REIT does not enter into derivative financial instruments for trading or speculative purposes. | |||||
Variable Interest Entity—Prior to the Pre-IPO Transactions, ESH REIT held a variable interest in HVM, a separate, independently owned hotel management and administrative services company (see Note 10). ESH REIT’s maximum exposure to loss as a result of its involvement with HVM was related to the need to secure alternative hotel management services and systems support if HVM were ever unable to fulfill its obligations under its management agreements with ESH REIT. The assets of HVM could not be used to settle obligations of ESH REIT and ESH REIT’s assets could not be used to settle obligations of HVM. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, ESH REIT or ESH REIT’s predecessor represented approximately 99% and 97%, respectively, of the business conducted by HVM. ESH REIT concluded that it was the primary beneficiary of HVM and, as a result, consolidated the financial position, results of operations, comprehensive income and cash flows of HVM for periods prior to the Pre-IPO Transactions. Since ESH REIT had no equity interest in HVM, the results of operations and members’ capital of HVM were reported as noncontrolling interests in the accompanying consolidated financial statements for periods through the Pre-IPO Transactions. Subsequent to the Pre-IPO Transactions, HVM no longer met the definition of a variable interest entity. See summarized financial information of HVM in Note 10. | |||||
Income Taxes—ESH REIT has elected to be taxed as and expects to continue to qualify as a real estate investment trust (“REIT”) under provisions of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | |||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax. In the future, ESH REIT intends to distribute approximately 95% of its taxable income and net capital gain. ESH REIT is expected to be subject to federal and state income tax on approximately 5% of its taxable income. As a result ESH REIT has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. Included in the net deferred tax asset balance is a deferred tax asset related to net operating loss carryforwards that expire in 2032. | |||||
Prior to the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT and elected to be treated as taxable REIT subsidiaries. As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns. HVM’s operating results were reportable by its members or members of its ultimate parent. Thus, federal income taxes were not recognized for HVM. HVM was also subject to state and local taxes in certain jurisdictions. | |||||
Foreign Currency—The financial statements of certain of ESH REIT’s subsidiaries and its investments therein are maintained in their functional currency, the Canadian dollar (“C$”), and their income and expenses are translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. As of December 31, 2014 and 2013, foreign currency translation losses of approximately $5.9 million and $3.7 million, respectively, are reflected in accumulated other comprehensive loss as a component of equity in the accompanying consolidated balance sheets. | |||||
Foreign currency transaction losses mainly related to U.S. dollar denominated debt at Canadian subsidiaries of approximately $3.6 million are included in other non-operating expense in the accompanying consolidated statement of operations for the year ended December 31, 2014. | |||||
Comprehensive Income—Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income and foreign currency translation adjustments are displayed as a separate component of consolidated equity. | |||||
Equity-Based Compensation—ESH REIT maintains a Long-Term Incentive Plan (“LTIP”) under which ESH REIT may issue to eligible employees or directors restricted stock awards, restricted stock units or other equity-based awards. ESH REIT recognizes costs related to equity-based awards over their vesting periods. The issuing entity classifies equity-based awards granted in exchange for employee services as either equity awards or as liability awards. The classification of an award either as an equity award or a liability award is generally based upon cash settlement options. Equity awards are measured based on their fair value on the date of grant. Liability awards are re-measured to fair value each reporting period. The value of all awards, less estimated forfeitures, is recognized over the period during which an employee or director is required to provide services in exchange for the award – the requisite service period (usually the vesting period). No compensation cost is recognized for awards for which employees or directors do not render the requisite services. All awards granted subsequent to the Pre-IPO Transactions are classified as equity awards. | |||||
Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan further described in Note 14. Equity-based compensation related to this plan was recorded in the accompanying consolidated statements of operations due to the fact that HVM was a consolidated variable interest entity. | |||||
Segments—ESH REIT’s business represents a single operating segment based on the way ESH REIT manages its business. ESH REIT’s hotels provide similar services, use similar processes to sell those services and sell their services (i.e., lease the hotel properties) to similar classes of customers. The amounts of long-lived assets and net sales outside the U.S. are not significant for any period presented. | |||||
Recently Issued Accounting Standards | |||||
Income Statement—Extraordinary and Unusual Items—In January 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update to simplify income statement presentation by eliminating the concept of extraordinary items. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. ESH REIT does not expect the adoption of the updated accounting standard to have a material effect on its consolidated financial statements. | |||||
Presentation of Financial Statements—Going Concern—In August 2014, the FASB issued an accounting standard which provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements. Further, an entity must provide certain disclosures if there is “substantial doubt” about its ability to continue as a going concern. The new accounting standard is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. ESH REIT does not expect the adoption of this guidance to have a material effect on its consolidated financial statements. | |||||
Stock Compensation—Share-Based Payment Awards—In June 2014, the FASB issued an accounting standards update which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. The compensation expense related to such awards should be delayed until it becomes probable that the performance target will be met. The updated accounting standard does not contain additional disclosure requirements. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. As ESH REIT does not currently have performance targets for any of its share-based payment awards, ESH REIT does not expect the adoption of the updated accounting standard to have a material effect on its consolidated financial statements. | |||||
Reporting Discontinued Operations—In April 2014, the FASB issued an accounting standards update which modifies the definition of discontinued operations and requires that only disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results be reported as discontinued operations in the financial statements. This updated accounting standard is effective for all disposals (or classifications as held for sale) of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements due to a limited number of historical dispositions. This guidance is expected to result in reporting discontinued operations less frequently than the previous accounting standard. For example, the sale of the two Hometown Inn-branded hotels in 2014 were not reported as discontinued operations as they did not represent a strategic shift that had a major effect on ESH REIT’s operations or financial results. | |||||
Income Taxes —In July 2013, the FASB issued an accounting standards update which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date, and retrospective application is permitted. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements. | |||||
Cumulative Translation Adjustment—In March 2013, the FASB issued an accounting standards update that indicates when the cumulative translation adjustment (“CTA”) related to an entity’s investment in a foreign entity should be released to earnings. The CTA should be released when an entity sells a foreign subsidiary or a group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in a foreign entity. The CTA should also be released when an entity no longer has a controlling financial interest in an investment in a foreign entity. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013, and shall be applied prospectively. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements. | |||||
Net_Income_Per_Share
Net Income Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Net Income Per Share | 3 | NET INCOME PER SHARE | |||||||||||
Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of shares of the Corporation’s unrestricted common stock outstanding. Diluted net income per share is computed by dividing net income available to common shareholders, as adjusted for potentially dilutive securities, by the weighted average number of shares of the Corporation’s unrestricted common stock outstanding plus other potentially dilutive securities. Dilutive securities include equity-based awards issued under long-term incentive plans. | |||||||||||||
As discussed in Note 1, in November 2013, the Company completed the Pre-IPO Transactions. For purposes of computing net income per share, it is assumed that the recapitalization of the Company had occurred for all periods presented and therefore the outstanding shares have been adjusted to reflect the conversion of shares that took place in contemplation of the Offering. Accordingly, the denominators in the computations of basic and diluted net income per share reflect the Company predecessor’s recapitalization for the years ended December 31, 2013 and 2012. | |||||||||||||
The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows: | |||||||||||||
(in thousands, except per share data) | Year Ended | Year Ended | Year Ended | ||||||||||
December 31, | December 31, | December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||||
Numerator: | |||||||||||||
Net income available to common shareholders—basic | $ | 39,596 | $ | 86,231 | $ | 20,732 | |||||||
Less amounts available to noncontrolling interests assuming conversion | (315 | ) | (166 | ) | (53 | ) | |||||||
Net income available to common shareholders—diluted | $ | 39,281 | $ | 86,065 | $ | 20,679 | |||||||
Denominator: | |||||||||||||
Weighted average number of common shares outstanding—basic | 203,548 | 174,894 | 169,816 | ||||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||||
Weighted average number of common shares outstanding—diluted | 204,508 | 176,268 | 171,796 | ||||||||||
Net income per common share—basic | $ | 0.19 | $ | 0.49 | $ | 0.12 | |||||||
Net income per common share—diluted | $ | 0.19 | $ | 0.49 | $ | 0.12 | |||||||
ESH REIT [Member] | |||||||||||||
Net Income Per Share | 3 | NET INCOME PER SHARE | |||||||||||
Basic net income per share is computed by dividing net income available to Class A and Class B common shareholders by the weighted average number of shares of ESH REIT’s Class A and Class B unrestricted common stock outstanding. Diluted net income per share is computed by dividing net income available to Class A and Class B common shareholders, as adjusted for potentially dilutive securities, by the weighted average number of shares of ESH REIT’s Class A and Class B unrestricted common stock outstanding plus other potentially dilutive securities. Dilutive securities include equity-based awards issued under long-term incentive plans. | |||||||||||||
As discussed in Note 1, in November 2013, ESH REIT completed the Pre-IPO Transactions. For purposes of computing net income per share, it is assumed that the recapitalization of ESH REIT had occurred for all periods presented and therefore the outstanding shares have been adjusted to reflect the conversion of shares that took place in contemplation of the Offering. Accordingly, the denominators in the computations of basic and diluted net income per share reflect ESH REIT’s recapitalization for the years ended December 31, 2013 and 2012. | |||||||||||||
The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows: | |||||||||||||
(in thousands, except per share data) | Year Ended | Year Ended | Year Ended | ||||||||||
December 31, | December 31, | December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||||
Numerator: | |||||||||||||
Class A: | |||||||||||||
Net income available to common shareholders—basic | $ | 136,152 | $ | 55,046 | $ | 10,262 | |||||||
Less amounts available to Class B shareholders assuming conversion | (315 | ) | (166 | ) | (53 | ) | |||||||
Net income available to common shareholders—diluted | $ | 135,837 | $ | 54,880 | $ | 10,209 | |||||||
Class B: | |||||||||||||
Net income available to common shareholders—basic | $ | 110,942 | $ | 44,690 | $ | 8,257 | |||||||
Amounts available to Class B shareholders assuming conversion | 315 | 166 | 53 | ||||||||||
Net income available to common shareholders—diluted | $ | 111,257 | $ | 44,856 | $ | 8,310 | |||||||
Denominator: | |||||||||||||
Class A: | |||||||||||||
Weighted average number of common shares outstanding—basic and diluted | 250,300 | 213,759 | 207,553 | ||||||||||
Class B: | |||||||||||||
Weighted average number of common shares outstanding—basic | 203,548 | 174,894 | 169,816 | ||||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||||
Weighted average number of common shares outstanding—diluted | 204,508 | 176,268 | 171,796 | ||||||||||
Net income per common share—Class A—basic | $ | 0.54 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class A—diluted | $ | 0.54 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class B—basic | $ | 0.55 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class B—diluted | $ | 0.54 | $ | 0.25 | $ | 0.05 | |||||||
Acquisitions
Acquisitions | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Acquisitions | 4 | ACQUISITIONS | |||||||
2013 LVP Acquisition —On December 31, 2013, the Company acquired the assets and assumed the liabilities of two hotels from LVP Acquisition Corporation (“LVP”) for cash consideration of approximately $16.5 million. The acquisition was accounted for as a business combination in accordance with FASB ASC 805, “Business Combinations,” which requires that the consideration be allocated to the acquired assets and assumed liabilities based on their acquisition date fair values. The vast majority of the purchase price was allocated to property and equipment. | |||||||||
2012 HFI Acquisition—On December 13, 2012, the Company acquired the assets and assumed the liabilities of 17 hotels from HFI Acquisitions Company LLC (“HFI”) for cash consideration of approximately $131.8 million. The acquisition was accounted for as a business combination in accordance with FASB ASC 805, “Business Combinations.” The consideration transferred to acquire the 17 HFI hotels, which HVM previously managed, and the purchase price allocation among the assets acquired and liabilities assumed, was as follows (dollars in thousands): | |||||||||
Amount | Estimated | ||||||||
Useful Life | |||||||||
Land and site improvements | $ | 61,686 | 5–11 years | ||||||
Building and improvements | 59,547 | 19–40 years | |||||||
Furniture, fixtures and equipment | 10,598 | 3–10 years | |||||||
Other assets and liabilities—net | (41 | ) | |||||||
Total purchase price | $ | 131,790 | |||||||
The following table sets forth room revenues, other hotel revenues, hotel operating expenses, depreciation and amortization, interest expense and net income assuming the 17 HFI hotels had been acquired on January 1, 2012 (in thousands and unaudited): | |||||||||
Year Ended | |||||||||
December 31, | |||||||||
2012 | |||||||||
Room revenues | $ | 1,014,335 | |||||||
Other hotel revenues | 17,266 | ||||||||
Hotel operating expenses | 506,399 | ||||||||
Depreciation and amortization | 136,386 | ||||||||
Interest expense | 264,691 | ||||||||
Net income | 26,816 | ||||||||
The 17 HFI acquired hotels contributed total revenues of approximately $35.0 million and $30.5 million, and income from operations of approximately $17.6 million and $14.5 million, for the years ended December 31, 2014 and 2013, respectively, as compared to total revenues of approximately $1.3 million and income from operations of approximately $0.6 million for the period from December 13, 2012 through December 31, 2012. | |||||||||
Acquisition related expenses—Legal, professional and other fees and costs directly related to the acquisitions described above totaled approximately $0.2 million and $1.7 million for the years ended December 31, 2013 and 2012, respectively. These costs are included in acquisition transaction expenses in the accompanying consolidated and combined statements of operations. | |||||||||
ESH REIT [Member] | |||||||||
Acquisitions | 4 | ACQUISITIONS | |||||||
2013 LVP Acquisition – On December 31, 2013, ESH REIT acquired the assets and assumed the liabilities of two hotels from LVP Acquisition Corporation (“LVP”) for cash consideration of approximately $16.5 million. The acquisition was accounted for as a business combination in accordance with FASB ASC 805, “Business Combinations,” which requires that the consideration be allocated to the acquired assets and assumed liabilities based on their acquisition date fair values. The vast majority of the purchase price was allocated to property and equipment. | |||||||||
2012 HFI Acquisition—On December 13, 2012, ESH REIT acquired the assets and assumed the liabilities of 17 hotels from HFI Acquisitions Company LLC (“HFI”) for cash consideration of approximately $131.8 million. The acquisition was accounted for as a business combination in accordance with FASB ASC 805, “Business Combinations.” The consideration transferred to acquire the 17 HFI hotels, which HVM previously managed, and the purchase price allocation among the assets acquired and liabilities assumed, was as follows (dollars in thousands): | |||||||||
Amount | Estimated | ||||||||
Useful Life | |||||||||
Land and site improvements | $ | 61,686 | 5–11 years | ||||||
Building and improvements | 59,547 | 19–40 years | |||||||
Furniture, fixtures and equipment | 10,598 | 3–10 years | |||||||
Other assets and liabilities—net | (41 | ) | |||||||
Total purchase price | $ | 131,790 | |||||||
The following table sets forth room revenues, other hotel revenues, hotel operating expenses, depreciation and amortization, interest expense and net income assuming the 17 HFI hotels had been acquired on January 1, 2012 (in thousands and unaudited): | |||||||||
Year Ended | |||||||||
December 31, | |||||||||
2012 | |||||||||
Hotel revenues | $ | 1,014,335 | |||||||
Other hotel revenues | 17,266 | ||||||||
Hotel operating expenses | 506,399 | ||||||||
Depreciation and amortization | 136,386 | ||||||||
Interest expense | 264,691 | ||||||||
Net income | 24,603 | ||||||||
The 17 HFI acquired hotels contributed total revenues of approximately $26.6 million and income from operations of approximately $13.2 million for the period from January 1, 2013 through the Pre-IPO Transactions, as compared to revenues of approximately $1.3 million and income from operations of approximately $0.6 million for the period from December 13, 2012 through December 31, 2012. | |||||||||
Acquisition related expenses—Legal, professional and other fees and costs directly related to the acquisitions described above totaled approximately $0.2 million and $1.7 million for the years ended December 31, 2013 and 2012, respectively. These costs are included in acquisition transaction expenses in the accompanying consolidated statements of operations. |
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Property and Equipment | 5 | PROPERTY AND EQUIPMENT | |||||||
Net investment in property and equipment as of December 31, 2014 and 2013, consists of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Hotel properties: | |||||||||
Land and site improvements | $ | 1,351,160 | $ | 1,347,260 | |||||
Building and improvements | 2,894,021 | 2,839,454 | |||||||
Furniture, fixtures and equipment | 443,149 | 362,022 | |||||||
Total hotel properties | 4,688,330 | 4,548,736 | |||||||
Corporate furniture, fixtures and equipment | 19,957 | 16,131 | |||||||
Undeveloped land parcel | 1,675 | 1,821 | |||||||
Total cost | 4,709,962 | 4,566,688 | |||||||
Less accumulated depreciation: | |||||||||
Hotel properties | (608,600 | ) | (427,533 | ) | |||||
Corporate furniture, fixtures and equipment | (13,914 | ) | (11,838 | ) | |||||
Total accumulated depreciation | (622,514 | ) | (439,371 | ) | |||||
Property and equipment—net | $ | 4,087,448 | $ | 4,127,317 | |||||
During the years ended December 31, 2014, 2013 and 2012, the Company, using Level 3 unobservable inputs, recognized impairment charges of approximately $2.3 million, $3.3 million and $1.4 million, respectively, in the accompanying consolidated and combined statements of operations. Quantitative information with respect to unobservable inputs consists of internally developed cash flow models that include the following assumptions, among others: projections of revenues, expenses and hotel related cash flows based on assumed long-term growth rates, demand trends, expected future capital expenditures and estimated discount rates. These assumptions were based on the Company’s historical data and experience, the Company’s budgets, industry projections and micro and macro general economic condition projections. | |||||||||
On July 28, 2014, the Company sold two hotel properties, with a carrying value of approximately $2.2 million, for proceeds of $3.5 million. Net of closing costs, the Company recognized a gain on sale of approximately $0.9 million. At the time of the sale, as required by the 2012 Mortgage Loan, the Company made a mortgage loan repayment of approximately $1.8 million. | |||||||||
As of December 31, 2014, substantially all of the hotel properties (678 of 682 hotel properties) are pledged as security for ESH REIT’s 2012 Mortgage Loan (as defined in Note 7). | |||||||||
ESH REIT [Member] | |||||||||
Property and Equipment | 5 | PROPERTY AND EQUIPMENT | |||||||
Net investment in property and equipment as of December 31, 2014 and 2013, consists of the following (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Hotel properties: | |||||||||
Land and site improvements | $ | 1,352,621 | $ | 1,347,170 | |||||
Building and improvements | 2,894,730 | 2,839,452 | |||||||
Furniture, fixtures and equipment | 437,582 | 357,975 | |||||||
Total hotel properties | 4,684,933 | 4,544,597 | |||||||
Undeveloped land parcel | 1,675 | 1,821 | |||||||
Total cost | 4,686,608 | 4,546,418 | |||||||
Less accumulated depreciation | (606,960 | ) | (426,479 | ) | |||||
Property and equipment—net | $ | 4,079,648 | $ | 4,119,939 | |||||
During the years ended December 31, 2014, 2013 and 2012, ESH REIT, using Level 3 unobservable inputs, recognized impairment charges of approximately $0, $3.3 million and $1.4 million, respectively, in the accompanying consolidated statements of operations. Quantitative information with respect to unobservable inputs consists of internally developed cash flow models that include the following assumptions, among others: projections of revenues, expenses and hotel related cash flows based on assumed long-term growth rates, demand trends, expected future capital expenditures and estimated discount rates. These assumptions were based on the Company’s historical data and experience, third-party appraisals, industry projections and micro and macro general economic condition projections. | |||||||||
On July 28, 2014, the Company sold two hotel properties, with a carrying value of approximately $2.2 million, for proceeds of $3.5 million. Net of closing costs, the Company recognized a gain on sale of approximately $0.9 million. At the time of the sale, as required by the 2012 Mortgage Loan, the Company made a mortgage loan repayment of approximately $1.8 million. | |||||||||
As of December 31, 2014, substantially all of the hotel properties (678 out of 682 hotel properties) are pledged as security for ESH REIT’s 2012 Mortgage Loan (as defined in Note 6). |
Intangible_Assets_and_Goodwill
Intangible Assets and Goodwill | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||
Intangible Assets and Goodwill | 6 | INTANGIBLE ASSETS AND GOODWILL | |||||||||||||||
The Company’s intangible assets and goodwill as of December 31, 2014 and 2013, consist of the following (dollars in thousands): | |||||||||||||||||
December 31, | |||||||||||||||||
2014 | |||||||||||||||||
Estimated | Gross | Accumulated | Net | ||||||||||||||
Useful | Carrying | Amortization | Book Value | ||||||||||||||
Life | Amount | ||||||||||||||||
Definite-lived intangible assets: | |||||||||||||||||
Customer relationships | 20 years | $ | 26,800 | $ | (5,670 | ) | $ | 21,130 | |||||||||
Customer e-mail database | 5 years | 170 | (144 | ) | 26 | ||||||||||||
Total definite-lived intangible assets | 26,970 | (5,814 | ) | 21,156 | |||||||||||||
Indefinite-lived tangible assets—trademarks | 10,500 | — | 10,500 | ||||||||||||||
Total intangible assets | 37,470 | (5,814 | ) | 31,656 | |||||||||||||
Goodwill | 55,633 | — | 55,633 | ||||||||||||||
Total intangible assets and goodwill | $ | 93,103 | $ | (5,814 | ) | $ | 87,289 | ||||||||||
December 31, | |||||||||||||||||
2013 | |||||||||||||||||
Estimated | Gross | Accumulated | Net | ||||||||||||||
Useful | Carrying | Amortization | Book Value | ||||||||||||||
Life | Amount | ||||||||||||||||
Definite-lived intangible assets: | |||||||||||||||||
Customer relationships | 20 years | $ | 26,800 | $ | (4,330 | ) | $ | 22,470 | |||||||||
Customer e-mail database | 5 years | 170 | (110 | ) | 60 | ||||||||||||
Total definite-lived intangible assets | 26,970 | (4,440 | ) | 22,530 | |||||||||||||
Indefinite-lived tangible assets—trademarks | 10,500 | — | 10,500 | ||||||||||||||
Total intangible assets | 37,470 | (4,440 | ) | 33,030 | |||||||||||||
Goodwill | 55,633 | — | 55,633 | ||||||||||||||
Total intangible assets and goodwill | $ | 93,103 | $ | (4,440 | ) | $ | 88,663 | ||||||||||
The remaining weighted-average amortization period for definite-lived intangible assets was approximately 16 years as of December 31, 2014. Estimated future amortization expense for intangible assets is as follows (in thousands): | |||||||||||||||||
Years Ending | |||||||||||||||||
December 31, | |||||||||||||||||
2015 | $ | 1,366 | |||||||||||||||
2016 | 1,340 | ||||||||||||||||
2017 | 1,340 | ||||||||||||||||
2018 | 1,340 | ||||||||||||||||
2019 | 1,340 | ||||||||||||||||
Thereafter | 14,430 | ||||||||||||||||
Total | $ | 21,156 | |||||||||||||||
Debt
Debt | 12 Months Ended | ||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||
Debt | 7 | DEBT | |||||||||||||||||||||||||||||
Summary—The Company’s outstanding debt as of December 31, 2014 and 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Mortgage loans payable | $ | 2,518,049 | $ | 2,519,843 | |||||||||||||||||||||||||||
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | — | |||||||||||||||||||||||||||||
Mezzanine loans payable | — | 365,000 | |||||||||||||||||||||||||||||
Revolving credit facilities | — | 20,000 | |||||||||||||||||||||||||||||
Total debt | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
During the years ended December 31, 2014 and 2013, the following transactions occurred (in thousands): | |||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Debt—beginning of year | $ | 2,904,843 | $ | 3,605,708 | |||||||||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||||
Proceeds from term loan facility, net of discount | 373,125 | — | |||||||||||||||||||||||||||||
Proceeds from revolving credit facilities | 210,000 | 20,000 | |||||||||||||||||||||||||||||
Accretion of debt discount | 195 | — | |||||||||||||||||||||||||||||
Deductions | |||||||||||||||||||||||||||||||
Payments on mortgage loans | (1,794 | ) | (5,865 | ) | |||||||||||||||||||||||||||
Payments on mezzanine loans | (365,000 | ) | (715,000 | ) | |||||||||||||||||||||||||||
Payments on revolving credit facilities | (230,000 | ) | — | ||||||||||||||||||||||||||||
Debt—end of year | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
The Company’s debt as of December 31, 2014 and 2013, consists of the following (in thousands): | |||||||||||||||||||||||||||||||
Outstanding Principal | Interest Rate | ||||||||||||||||||||||||||||||
Loan | Stated | December 31, | December 31, | Stated Interest | December 31, | December 31, | Maturity | Amortization | |||||||||||||||||||||||
Amount | 2014 | 2013 | Rate(2) | 2014 | 2013 | Date | |||||||||||||||||||||||||
Mortgage loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—Component A | $ | 350,000 | $ | 348,049 | $ | 349,843 | LIBOR(1) + 2.0547% | 2.226 | % | 2.2227 | % | 12/1/15 | (3) | Interest only | |||||||||||||||||
2012 Mortgage Loan—Component B | 350,000 | 350,000 | 350,000 | 3.40% | 3.4047 | % | 3.4047 | % | 12/1/17 | Interest only | |||||||||||||||||||||
2012 Mortgage Loan—Component C | 1,820,000 | 1,820,000 | 1,820,000 | 4.05% | 4.0547 | % | 4.0547 | % | 12/1/19 | Interest only | |||||||||||||||||||||
Term loan facility | |||||||||||||||||||||||||||||||
2014 Term Loan(4) | 375,000 | 373,320 | — | LIBOR(1)(5) + 4.25% | 5 | % | N/A | 6/24/19 | Interest only | (6) | |||||||||||||||||||||
Mezzanine loans | |||||||||||||||||||||||||||||||
2012 Mezzanine A Loan | 500,000 | — | 168,981 | 8.25% | N/A | 8.25 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine B Loan | 330,000 | — | 111,528 | 9.63% | N/A | 9.625 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine C Loan | 250,000 | — | 84,491 | 11.50% | N/A | 11.5 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
Revolving credit facilities | |||||||||||||||||||||||||||||||
Corporation revolving credit facility | 50,000 | (8) | — | — | LIBOR(1) + 3.75% | N/A | N/A | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
ESH REIT revolving credit facility | 250,000 | — | 20,000 | LIBOR(1) + 3.00% | N/A | 3.1646 | % | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
Total | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
-1 | London Interbank Offering Rate. | ||||||||||||||||||||||||||||||
-2 | The Company is a counterparty to an interest rate cap on one-month LIBOR at 3.0% with a stated notional amount of approximately $348.0 million and a maturity date the same as that of Component A of the 2012 Mortgage Loan. | ||||||||||||||||||||||||||||||
-3 | The original maturity date of Component A of the 2012 Mortgage Loan was December 1, 2014. In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-4 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. | ||||||||||||||||||||||||||||||
-5 | The 2014 Term Loan includes a LIBOR floor of 0.75%. | ||||||||||||||||||||||||||||||
-6 | There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
-7 | Each revolving credit facility is subject to a one-year extension option. | ||||||||||||||||||||||||||||||
-8 | On November 18, 2014, the Corporation revolving credit facility’s borrowing availability decreased to $50.0 million from $75.0 million. | ||||||||||||||||||||||||||||||
On June 23, 2014, using principally all of the net proceeds from its 2014 Term Loan (as defined below), ESH REIT repaid the remaining outstanding balance of $365.0 million of its 2012 Mezzanine Loans (as defined below). During 2014, ESH REIT incurred approximately $9.4 million of debt extinguishment and other costs in connection with the partial repayment of the 2012 Mezzanine Loans, consisting of prepayment penalties and other costs of approximately $4.3 million and the write-off of unamortized deferred financing costs of approximately $5.1 million. Debt extinguishment costs are included as a component of net interest expense in the accompanying consolidated and combined statements of operations. | |||||||||||||||||||||||||||||||
In the fourth quarter of 2013 and subsequent to the Offering, ESH REIT repaid $715.0 million of the 2012 Mezzanine Loans. Prior to the partial repayment of the 2012 Mezzanine Loans, interest-only payments of approximately $8.5 million were due on the first day of each calendar month. Subsequent to the 2013 partial repayment of the 2012 Mezzanine Loans, interest-only payments of approximately $2.9 million were due on the first day of each calendar month. During 2013, ESH REIT incurred approximately $25.2 million of debt extinguishment and other costs in connection with the 2012 Mezzanine Loan prepayments, composed of prepayment penalties of approximately $13.4 million, the write-off of unamortized deferred financing costs of approximately $10.9 million and other costs of approximately $0.9 million. | |||||||||||||||||||||||||||||||
ESH REIT Mortgage Loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—On November 30, 2012, ESH REIT entered into a $2.52 billion mortgage loan comprised of three components (the “2012 Mortgage Loan”). The 2012 Mortgage Loan requires interest-only payments of approximately $7.9 million due on the first day of each calendar month. Principal amounts, interest rates and maturities of components of the 2012 Mortgage Loan are included in the table above. | |||||||||||||||||||||||||||||||
Up to approximately $855.5 million (the full amounts of Component A and Component B and $157.5 million of Component C of the 2012 Mortgage Loan) may be voluntarily prepaid at any time without incurring a prepayment premium or penalty. Through January 1, 2016, Component C prepayments greater than $157.5 million will incur a yield maintenance premium of the greater of (i) 1.0% of the outstanding principal balance of Component C and (ii) the excess of the sum of the present values of the scheduled payments of interest and principal to be made with respect to the portion of Component C being prepaid over the principal amount being prepaid. After January 1, 2016, Component C may be prepaid without incurring a prepayment penalty or premium. | |||||||||||||||||||||||||||||||
In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date of this Component for up to two additional consecutive one-year periods, subject to certain conditions. The 2015 extension conditions include adequate written notice of such extension, the extension or renewal of an interest rate cap, and the requirement that none of the borrowing entities be in default, as defined. The 2016 extension conditions include the same conditions as the 2015 extension, as well as the requirement of an Extension Debt Yield, as defined, of at least 17.5%. | |||||||||||||||||||||||||||||||
As of December 31, 2014 and 2013, substantially all of ESH REIT’s hotel properties served as collateral for the 2012 Mortgage Loan. Under certain limited circumstances, losses related to the 2012 Mortgage Loan and costs incurred by the lenders are guaranteed by certain of the Corporation’s subsidiaries up to an aggregate liability of $252.0 million. | |||||||||||||||||||||||||||||||
The occurrence of a Mortgage Loan Event of Default, a Debt Yield Trigger Event (a Debt Yield, as defined, of less than 9.0%), or a Guarantor Bankruptcy triggers a Cash Trap Event, each as defined. During the period of a Cash Trap Event, any excess cash flow, after all monthly requirements (including the payment of management fees and operating expenses) are fully funded, is held by the loan service agent as additional collateral for the 2012 Mortgage Loan. As of December 31, 2014 and 2013, none of these events had occurred. | |||||||||||||||||||||||||||||||
As of December 31, 2014 and 2013, all receipts from the mortgaged properties were required to be deposited into a domestic cash management account (“CMA”) for hotels in the U.S. and a Canadian CMA for hotels in Canada. Such CMAs are under the control of the loan service agent as specified by the terms of the mortgage loan agreement and cash management agreements and are, therefore, classified as restricted cash on the accompanying consolidated balance sheets. Receipts are allocated to CMA subaccounts for hotel occupancy/goods and services sales taxes, real estate taxes, insurance, ground leases, operating expenses (including management fees and reimbursements), capital improvements and mortgage debt service. Funds in excess of a month’s Canadian waterfall requirements are converted to U.S. dollars and transferred to the domestic CMA. Funds in excess of a month’s domestic waterfall requirements are distributed to the Corporation and/or ESH REIT so long as no Cash Trap Event has occurred. | |||||||||||||||||||||||||||||||
2010 Mortgage Loan—On October 8, 2010 (the “Acquisition Date”), ESH REIT entered into a $2.0 billion mortgage loan secured by 663 hotel properties (the “2010 Mortgage Loan”). The 2010 Mortgage Loan required constant monthly payments of $12.2 million due on the first day of each calendar month, consisting of principal amortization and interest. The 2010 Mortgage Loan was set to mature on November 1, 2015; however, ESH REIT prepaid the mortgage loan on November 30, 2012, without premium or penalty. | |||||||||||||||||||||||||||||||
Assumed Mortgage Loan—Two of ESH REIT’s hotel properties were subject to a mortgage loan that was assumed on the Acquisition Date when the hotels were acquired (the “Assumed Mortgage Loan”). The Assumed Mortgage Loan was secured by the two hotel properties. On October 23, 2013, ESH REIT prepaid the Assumed Mortgage Loan, which had an outstanding principal balance of approximately $5.5 million. | |||||||||||||||||||||||||||||||
ESH REIT Mezzanine Loans | |||||||||||||||||||||||||||||||
2012 Mezzanine Loans—On November 30, 2012, ESH REIT entered into three mezzanine loans totaling $1.08 billion (the “2012 Mezzanine Loans”). The 2012 Mezzanine Loans would have matured on December 1, 2019, with all outstanding principal and unpaid interest due on that date; however, as discussed above, in the fourth quarter of 2013, ESH REIT repaid $715.0 million of the 2012 Mezzanine Loans and on June 23, 2014, using principally all of the net proceeds from its 2014 Term Loan, ESH REIT repaid the remaining outstanding balance of $365.0 million of the 2012 Mezzanine Loans. | |||||||||||||||||||||||||||||||
Under certain limited circumstances, losses related to the 2012 Mezzanine Loans and costs incurred by the lenders were guaranteed by certain of the Corporation’s subsidiaries up to an aggregate liability of $108.0 million. | |||||||||||||||||||||||||||||||
2010 Mezzanine Loans—On the Acquisition Date, ESH REIT entered into mezzanine loans totaling $700.0 million, consisting of $350.0 million of senior mezzanine debt that bore interest at 9.75% and $350.0 million of junior mezzanine debt that bore interest at 12.0% (the “2010 Mezzanine Loans”). The 2010 Mezzanine Loans would have matured on November 1, 2015, with all outstanding principal and unpaid interest due on that date; however, on November 30, 2012, ESH REIT voluntarily prepaid the 2010 Mezzanine Loans and incurred a prepayment premium of approximately $10.5 million, which is included as a component of net interest expense in the accompanying consolidated and combined statement of operations for the year ended December 31, 2012. | |||||||||||||||||||||||||||||||
ESH REIT Term Loan Facility | |||||||||||||||||||||||||||||||
On June 23, 2014, ESH REIT entered into a $375.0 million term loan facility (the “2014 Term Loan”). ESH REIT used the 2014 Term Loan proceeds to repay the outstanding balance on its 2012 Mezzanine Loans of $365.0 million. Subject to certain conditions, the principal amount of the 2014 Term Loan may be increased from time to time up to an amount which would not cause the Consolidated Leverage Ratio, as defined, to exceed 5.25 to 1.0. The 2014 Term Loan matures on June 24, 2019 and bears interest at a rate equal to (i) LIBOR (subject to a floor of 0.75%) plus 4.25%, or (ii) a base rate (determined by reference to the highest of (1) prime lending rate, (2) the overnight federal funds rate plus 0.5%, or (3) the one-month adjusted LIBOR rate (subject to a floor of 0.75%) plus 1.0%) plus 3.25%. There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow, based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | |||||||||||||||||||||||||||||||
As of December 31, 2014, the outstanding balance on the 2014 Term Loan was approximately $373.3 million, net of an unaccreted discount of approximately $1.7 million. | |||||||||||||||||||||||||||||||
Obligations under the 2014 Term Loan are primarily secured by a first-priority security interest in substantially all assets of ESH REIT on a pari passu basis with obligations under the ESH REIT revolving credit facility, discussed below. The 2014 Term Loan may be repaid prior to its maturity, subject to the following prepayment penalties: (a) prior to June 24, 2015, a make whole premium equal to the sum of the present value at such date of all interest that would accrue on the portion of the loans being prepaid from such date to and including June 23, 2015, and an amount equal to 2.0% of the aggregate principal amount repaid; (b) on or after June 24, 2015 but prior to December 24, 2015, 2.0% of the aggregate principal amount repaid; and (c) on or after December 24, 2015 but prior to June 24, 2016, 1.0% of the aggregate principal amount repaid. Repayments on or after June 24, 2016 require no prepayment penalties. | |||||||||||||||||||||||||||||||
During a Trigger Event, an Adjusted Trigger Event, a Default or an Event of Default, each as defined, ESH REIT is restricted from making cash distributions, subject to certain exceptions. As of December 31, 2014, none of these events had occurred. | |||||||||||||||||||||||||||||||
Revolving Credit Facilities | |||||||||||||||||||||||||||||||
Corporation Revolving Credit Facility – On November 18, 2013, the Corporation entered into a revolving credit facility of $75.0 million. On November 18, 2014, the borrowing availability under the facility decreased to $50.0 million. The facility provides for the issuance of up to $50.0 million letters of credit as well as borrowings on same day notice, referred to as swingline loans, in an amount up to $20.0 million. The Corporation incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on the outstanding amount under the facility, and a fee of 3.875% on outstanding letters of credit due on the last day of each quarter. Borrowings under the facility bear interest at a rate equal to an adjusted LIBOR rate or a base rate determined by reference to the highest of (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.75% for the base rate loans and 3.75% for LIBOR loans. There is no scheduled amortization under the facility and the facility matures on November 18, 2016, subject to a one-year extension option. As of December 31, 2014, the Corporation had one letter of credit outstanding under this facility of $3.6 million, an outstanding balance drawn of $0 and borrowing capacity available of $46.4 million. As of December 31, 2013 the Corporation had three letters of credit outstanding under this facility, totaling approximately $24.9 million, an outstanding balance drawn of $0 and borrowing capacity available of approximately $50.1 million. The Corporation incurred approximately $1.2 million and $0.2 million, respectively, of interest expense and fees in connection with the Corporation revolving credit facility, which are included as a component of net interest expense in the Company’s accompanying consolidated and combined statements of operations for the years ended December 31, 2014 and 2013. | |||||||||||||||||||||||||||||||
In order to avoid a Trigger Event or an Adjusted Trigger Event, this facility requires a Debt Yield and an Adjusted Debt Yield, each as defined, of at least 12.0%, and, to avoid an Event of Default, a Consolidated Leverage Ratio, as defined, of no more than 9.0 to 1.0 (with the requirement decreasing to no more than 8.75 to 1.0 over the life of the facility) and a Debt Yield or Adjusted Debt Yield of at least 9.0%. The occurrence of a Trigger Event or an Adjusted Trigger Event requires the Corporation to repay the outstanding facility balance and restricts its ability to draw additional proceeds. As of December 31, 2014 and 2013, none of these events had occurred. | |||||||||||||||||||||||||||||||
ESH REIT Revolving Credit Facility – On November 18, 2013, ESH REIT entered into a $250.0 million revolving credit facility. Subject to the satisfaction of certain criteria, ESH REIT is able to request to increase the facility to an amount up to $350.0 million at any time. The facility provides for the issuance of up to $50.0 million of letters of credit as well as borrowings on same day notice, referred to as swingline loans, in an amount up to $20.0 million. ESH REIT incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on the outstanding amount under the facility, and a fee of 3.125% on outstanding letters of credit due on the last day of each quarter. Borrowings under the facility bear interest at a rate equal to an adjusted LIBOR rate or a base rate determined by reference to the highest of (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.00% for base rate loans and 3.00% for LIBOR loans. There is no scheduled amortization under the facility and the facility matures on November 18, 2016, subject to a one-year extension option. As of December 31, 2014 and 2013, ESH REIT had no letters of credit outstanding under this credit facility, an outstanding balance drawn of $0 and $20.0 million, respectively, and borrowing capacity available of $250.0 million and $230.0 million, respectively. ESH REIT incurred approximately $1.2 million and $0.1 million, respectively, of interest expense and fees in connection with the ESH REIT revolving credit facility, which are included as a component of net interest expense in the Company’s accompanying consolidated and combined statements of operations for the years ended December 31, 2014 and 2013. | |||||||||||||||||||||||||||||||
In order to avoid a Trigger Event, or an Adjusted Trigger Event, the revolving credit facility requires a Debt Yield and an Adjusted Debt Yield, each as defined, of at least 11.5%, and, to avoid an Event of Default, a Consolidated Leverage Ratio, as defined, of no more than 9.25 to 1.0 (with the requirement decreasing to no more than 9.0 to 1.0 over the life of the facility) and a Debt Yield or Adjusted Debt Yield of at least 9.0%. The occurrence of a Trigger Event or an Adjusted Trigger Event requires ESH REIT to repay the outstanding facility balance and restricts its ability to draw additional proceeds. As of December 31, 2014 and 2013, none of these events had occurred. | |||||||||||||||||||||||||||||||
Extended Stay LLC Revolving Credit Facility—On November 30, 2012, Extended Stay LLC, a subsidiary of ESH REIT, entered into a revolving credit facility of $100.0 million. Extended Stay LLC incurred a fee of 0.5% on the undrawn revolver balance due on the first day of each calendar quarter. Extended Stay LLC incurred approximately $0.9 million of fees in connection with the Extended Stay LLC revolving credit facility, which are included as a component of net interest expense in the Company’s accompanying consolidated and combined statement of operations for the year ended December 31, 2013. | |||||||||||||||||||||||||||||||
On November 18, 2013, the Extended Stay LLC revolving credit facility terminated in connection with the Offering and the Company wrote off approximately $0.7 million in unamortized deferred financing costs, which are included as a component of net interest expense in the Company’s accompanying consolidated and combined statement of operations for the year ended December 31, 2013. | |||||||||||||||||||||||||||||||
Interest Expense—The components of net interest expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||
Contractual interest(1) | $ | 123,736 | $ | 194,980 | $ | 201,518 | |||||||||||||||||||||||||
Amortization of deferred financing costs and accretion of debt discount | 14,510 | 12,537 | 10,988 | ||||||||||||||||||||||||||||
Debt extinguishment and other costs | 11,228 | 27,076 | 45,150 | ||||||||||||||||||||||||||||
Interest income | (110 | ) | (134 | ) | (307 | ) | |||||||||||||||||||||||||
Total | $ | 149,364 | $ | 234,459 | $ | 257,349 | |||||||||||||||||||||||||
-1 | Contractual interest includes dividends on the shares of mandatorily redeemable preferred stock (see Note 8). | ||||||||||||||||||||||||||||||
Future Maturities of Debt—The future maturities of debt as of December 31, 2014, are as follows (in thousands): | |||||||||||||||||||||||||||||||
Years Ending | |||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||
2015 | $ | 356,586 | (1)(2) | ||||||||||||||||||||||||||||
2016 | — | ||||||||||||||||||||||||||||||
2017 | 350,000 | ||||||||||||||||||||||||||||||
2018 | — | ||||||||||||||||||||||||||||||
2019 | 2,184,783 | (2) | |||||||||||||||||||||||||||||
Thereafter | — | ||||||||||||||||||||||||||||||
Total | $ | 2,891,369 | |||||||||||||||||||||||||||||
-1 | ESH REIT has the option to extend the maturity date of Component A of the 2012 Mortgage Loan for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-2 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. Subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
Fair Value of Debt—As of December 31, 2014 and 2013, the estimated fair value of ESH REIT’s mortgage, mezzanine and term loans was approximately $2.9 billion and $2.8 billion, respectively. The estimated fair values of mortgage, mezzanine and term loans are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on ESH REIT’s mortgage, mezzanine and term loans (Level 2 fair value measures) or quoted market prices (Level 1 fair value measures), when available. As of December 31, 2013, the estimated fair value of the ESH REIT revolving credit facility was equal to its carrying value due to its short-term nature and frequent settlement. | |||||||||||||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||||||||
Debt | 6 | DEBT | |||||||||||||||||||||||||||||
Summary—ESH REIT’s outstanding debt as of December 31, 2014 and 2013, is as follows (in thousands): | |||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Mortgage loans payable | $ | 2,518,049 | $ | 2,519,843 | |||||||||||||||||||||||||||
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | — | |||||||||||||||||||||||||||||
Mezzanine loans payable | — | 365,000 | |||||||||||||||||||||||||||||
Revolving credit facility | — | 20,000 | |||||||||||||||||||||||||||||
Total debt | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
During the years ended December 31, 2014 and 2013, the following transactions occurred (in thousands): | |||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Debt—beginning of year | $ | 2,904,843 | $ | 3,605,708 | |||||||||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||||
Proceeds from term loan facility, net of discount | 373,125 | — | |||||||||||||||||||||||||||||
Proceeds from revolving credit facility | 143,000 | 20,000 | |||||||||||||||||||||||||||||
Accretion of debt discount | 195 | — | |||||||||||||||||||||||||||||
Deductions | |||||||||||||||||||||||||||||||
Payments on mortgage loans | (1,794 | ) | (5,865 | ) | |||||||||||||||||||||||||||
Payments on mezzanine loans | (365,000 | ) | (715,000 | ) | |||||||||||||||||||||||||||
Payments on revolving credit facility | (163,000 | ) | — | ||||||||||||||||||||||||||||
Debt—end of year | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
ESH REIT’s debt as of December 31, 2014 and 2013, consists of the following (in thousands): | |||||||||||||||||||||||||||||||
Outstanding Principal | Interest Rate | ||||||||||||||||||||||||||||||
Loan | Stated | December 31, | December 31, | Stated Interest | December 31, | December 31, | Maturity | Amortization | |||||||||||||||||||||||
Amount | 2014 | 2013 | Rate (2) | 2014 | 2013 | Date | |||||||||||||||||||||||||
Mortgage loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—Component A | $ | 350,000 | $ | 348,049 | $ | 349,843 | LIBOR(1) + 2.0547% | 2.226 | % | 2.2227 | % | 12/1/15 | (3) | Interest only | |||||||||||||||||
2012 Mortgage Loan—Component B | 350,000 | 350,000 | 350,000 | 3.40% | 3.4047 | % | 3.4047 | % | 12/1/17 | Interest only | |||||||||||||||||||||
2012 Mortgage Loan—Component C | 1,820,000 | 1,820,000 | 1,820,000 | 4.05% | 4.0547 | % | 4.0547 | % | 12/1/19 | Interest only | |||||||||||||||||||||
Term loan facility | |||||||||||||||||||||||||||||||
2014 Term Loan (4) | 375,000 | 373,320 | — | LIBOR(1)(5) + 4.25% | 5 | % | N/A | 6/24/19 | Interest only (6) | ||||||||||||||||||||||
Mezzanine loans payable | |||||||||||||||||||||||||||||||
2012 Mezzanine A Loan | 500,000 | — | 168,981 | 8.25% | N/A | 8.25 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine B Loan | 330,000 | — | 111,528 | 9.63% | N/A | 9.625 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine C Loan | 250,000 | — | 84,491 | 11.50% | N/A | 11.5 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
Revolving credit facility | |||||||||||||||||||||||||||||||
ESH REIT revolving credit facility | 250,000 | — | 20,000 | LIBOR(1) + 3.00% | N/A | 3.1646 | % | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
Total | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
-1 | London Interbank Offering Rate. | ||||||||||||||||||||||||||||||
-2 | The Company is a counterparty to an interest rate cap on one-month LIBOR at 3.0% with a stated notional amount of approximately $348.0 million and a maturity date the same as that of Component A of the 2012 Mortgage Loan. | ||||||||||||||||||||||||||||||
-3 | The original maturity date of Component A of the 2012 Mortgage Loan was December 1, 2014. In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-4 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. | ||||||||||||||||||||||||||||||
-5 | The 2014 Term Loan includes a LIBOR floor of 0.75%. | ||||||||||||||||||||||||||||||
-6 | There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
-7 | ESH REIT’s revolving credit facility is subject to a one-year extension option. | ||||||||||||||||||||||||||||||
On June 23, 2014, using principally all of the net proceeds from its 2014 Term Loan (as defined below), ESH REIT repaid the remaining outstanding balance of $365.0 million of its 2012 Mezzanine Loans (as defined partial repayment of the below). During 2014, ESH REIT incurred approximately $9.4 million of debt extinguishment and other costs in connection with the partial repayment of the 2012 Mezzanine Loans, consisting of prepayment penalties and other costs of approximately $4.3 million and the write-off of unamortized deferred financing costs of approximately $5.1 million. Debt extinguishment costs are included as a component of net interest expense in the accompanying consolidated statements of operations. | |||||||||||||||||||||||||||||||
In the fourth quarter of 2013 and subsequent to the Offering, ESH REIT repaid $715.0 million of the 2012 Mezzanine Loans. Prior to the partial repayment of the 2012 Mezzanine Loans, interest-only payments of approximately $8.5 million were due on the first day of each calendar month. Subsequent to the 2013 partial repayment of the 2012 Mezzanine Loans, interest-only payments of approximately $2.9 million were due on the first day of each calendar month. During 2013, ESH REIT incurred approximately $25.2 million of debt extinguishment and other costs in connection with the 2012 Mezzanine Loan prepayments, composed of prepayment penalties of approximately $13.4 million, the write-off of unamortized deferred financing costs of approximately $10.9 million and other costs of approximately $0.9 million. | |||||||||||||||||||||||||||||||
Mortgage Loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—On November 30, 2012, ESH REIT entered into a $2.52 billion mortgage loan comprised of three components (the “2012 Mortgage Loan”). The 2012 Mortgage Loan requires interest-only payments of approximately $7.9 million due on the first day of each calendar month. Principal amounts, interest rates and maturities of components of the 2012 Mortgage Loan are included in the table above. | |||||||||||||||||||||||||||||||
Up to approximately $855.5 million (the full amounts of Component A and Component B and $157.5 million of Component C of the 2012 Mortgage Loan) may be voluntarily prepaid at any time without incurring a prepayment premium or penalty. Through January 1, 2016, Component C prepayments greater than $157.5 million will incur a yield maintenance premium of the greater of (i) 1.0% of the outstanding principal balance of Component C and (ii) the excess of the sum of the present values of the scheduled payments of interest and principal to be made with respect to the portion of Component C being prepaid over the principal amount being prepaid. After January 1, 2016, Component C may be prepaid without incurring a prepayment penalty or premium. | |||||||||||||||||||||||||||||||
In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date of this Component for up to two additional consecutive one-year periods, subject to certain conditions. The 2015 extension conditions include adequate written notice of such extension, the extension or renewal of an interest rate cap, and the requirement that none of the borrowing entities be in default, as defined. The 2016 extension conditions include the same conditions as the 2015 extension, as well as the requirement of an Extension Debt Yield, as defined, of at least 17.5%. | |||||||||||||||||||||||||||||||
As of December 31, 2014 and 2013, substantially all of ESH REIT’s hotel properties served as collateral for the 2012 Mortgage Loan. Under certain limited circumstances, losses related to the 2012 Mortgage Loan and costs incurred by the lenders are guaranteed by certain of the Corporation’s subsidiaries up to an aggregate liability of $252.0 million. | |||||||||||||||||||||||||||||||
The occurrence of a Mortgage Loan Event of Default, a Debt Yield Trigger Event (a Debt Yield, as defined, of less than 9.0%), or a Guarantor Bankruptcy triggers a Cash Trap Event, each as defined. During the period of a Cash Trap Event, any excess cash flow, after all monthly requirements (including the payment of management fees and operating expenses) are fully funded, is held by the loan service agent as additional collateral for the 2012 Mortgage Loan. As of December 31, 2014 and 2013, none of these events had occurred. | |||||||||||||||||||||||||||||||
As of December 31, 2014 and 2013, all receipts from the mortgaged properties were required to be deposited into a domestic cash management account (“CMA”) for hotels in the U.S. and a Canadian CMA for hotels in Canada. Such CMAs are under the control of the loan service agent as specified by the terms of the mortgage loan agreement and cash management agreements and are, therefore classified as restricted cash on the accompanying consolidated balance sheets. Receipts are allocated to CMA subaccounts for hotel occupancy/goods and services sales taxes, real estate taxes, insurance, ground leases, operating expenses (including management fees and reimbursements), capital improvements and mortgage debt service. Funds in excess of a month’s Canadian waterfall requirements are converted to U.S. dollars and transferred to the domestic CMA. Funds in excess of a month’s domestic waterfall requirements are distributed to the Corporation and/or ESH REIT so long as no Cash Trap Event has occurred. | |||||||||||||||||||||||||||||||
2010 Mortgage Loan—On October 8, 2010 (the “Acquisition Date”), ESH REIT entered into a $2.0 billion mortgage loan secured by 663 hotel properties (the “2010 Mortgage Loan”). The 2010 Mortgage Loan required constant monthly payments of $12.2 million due on the first day of each calendar month, consisting of principal amortization and interest. The 2010 Mortgage Loan was set to mature on November 1, 2015; however, ESH REIT prepaid the mortgage loan on November 30, 2012, without premium or penalty. | |||||||||||||||||||||||||||||||
Assumed Mortgage Loan—Two of ESH REIT’s hotel properties were subject to a mortgage loan that was assumed on the Acquisition Date when the hotels were acquired (the “Assumed Mortgage Loan”). The Assumed Mortgage Loan was secured by the two hotel properties. On October 23, 2013, ESH REIT prepaid the Assumed Mortgage Loan, which had an outstanding principal balance of approximately $5.5 million. | |||||||||||||||||||||||||||||||
Mezzanine Loans | |||||||||||||||||||||||||||||||
2012 Mezzanine Loans—On November 30, 2012, ESH REIT entered into three mezzanine loans totaling $1.08 billion (the “2012 Mezzanine Loans”). The 2012 Mezzanine Loans would have matured on December 1, 2019, with all outstanding principal and unpaid interest due on that date; however, as discussed above, in the fourth quarter of 2013, ESH REIT repaid $715.0 million of the 2012 Mezzanine Loans and on June 23, 2014, using principally all of the net proceeds from its 2014 Term Loan, ESH REIT repaid the remaining outstanding balance of $365.0 million of the 2012 Mezzanine Loans. | |||||||||||||||||||||||||||||||
Under certain limited circumstances, losses related to the 2012 Mezzanine Loans and costs incurred by the lenders were guaranteed by certain of the Corporation’s subsidiaries up to an aggregate liability of $108.0 million. | |||||||||||||||||||||||||||||||
2010 Mezzanine Loans—On the Acquisition Date, ESH REIT entered into mezzanine loans totaling $700.0 million, consisting of $350.0 million of senior mezzanine debt that bore interest at 9.75% and $350.0 million of junior mezzanine debt that bore interest at 12.0% (the “2010 Mezzanine Loans”). The 2010 Mezzanine Loans would have matured on November 1, 2015, with all outstanding principal and unpaid interest due on that date; however, on November 30, 2012, ESH REIT voluntarily prepaid the 2010 Mezzanine Loans and incurred a prepayment premium of approximately $10.5 million, which is included as a component of net interest expense in the accompanying consolidated and combined statement of operations for the year ended December 31, 2012. | |||||||||||||||||||||||||||||||
ESH REIT Term Loan Facility | |||||||||||||||||||||||||||||||
On June 23, 2014, ESH REIT entered into a $375.0 million term loan facility (the “2014 Term Loan”). ESH REIT used the 2014 Term Loan proceeds to repay the outstanding balance on its 2012 Mezzanine Loans of $365.0 million. Subject to certain conditions, the principal amount of the 2014 Term Loan may be increased from time to time up to an amount which would not cause the Consolidated Leverage Ratio, as defined, to exceed 5.25 to 1.0. The 2014 Term Loan matures on June 24, 2019 and bears interest at a rate equal to (i) LIBOR (subject to a floor of 0.75%) plus 4.25%, or (ii) a base rate (determined by reference to the highest of (1) prime lending rate, (2) the overnight federal funds rate plus 0.5%, or (3) the one-month adjusted LIBOR rate (subject to a floor of 0.75%) plus 1.0%) plus 3.25%. There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow, based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | |||||||||||||||||||||||||||||||
As of December 31, 2014, the outstanding balance on the 2014 Term Loan was approximately $373.3 million, net of an unaccreted discount of approximately $1.7 million. | |||||||||||||||||||||||||||||||
Obligations under the 2014 Term Loan are primarily secured by a first-priority security interest in substantially all assets of ESH REIT on a pari passu basis with obligations under the ESH REIT revolving credit facility, discussed below. The 2014 Term Loan may be repaid prior to its maturity, subject to the following prepayment penalties: (a) prior to June 24, 2015, a make whole premium equal to the sum of the present value at such date of all interest that would accrue on the portion of the loans being prepaid from such date to and including June 23, 2015, and an amount equal to 2.0% of the aggregate principal amount repaid; (b) on or after June 24, 2015 but prior to December 24, 2015, 2.0% of the aggregate principal amount repaid; and (c) on or after December 24, 2015 but prior to June 24, 2016, 1.0% of the aggregate principal amount repaid. Repayments on or after June 24, 2016 require no prepayment penalties. | |||||||||||||||||||||||||||||||
During a Trigger Event, an Adjusted Trigger Event, a Default or an Event of Default, each as defined, ESH REIT is restricted from making cash distributions, subject to certain exceptions. As of December 31, 2014, none of these events had occurred. | |||||||||||||||||||||||||||||||
Revolving Credit Facilities | |||||||||||||||||||||||||||||||
ESH REIT Revolving Credit Facility – On November 18, 2013, ESH REIT entered into a $250.0 million revolving credit facility. Subject to the satisfaction of certain criteria, ESH REIT is able to request to increase the facility to an amount up to $350.0 million at any time. The facility provides for the issuance of up to $50.0 million of letters of credit as well as borrowings on same day notice, referred to as swingline loans, in an amount up to $20.0 million. ESH REIT incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on the outstanding amount under the facility, and a fee of 3.125% on outstanding letters of credit due on the last day of each quarter. Borrowings under the facility bear interest at a rate equal to an adjusted LIBOR rate or a base rate determined by reference to the highest of (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.00% for base rate loans and 3.00% for LIBOR loans. There is no scheduled amortization under the facility and the facility matures on November 18, 2016, subject to a one-year extension option. As of December 31, 2014 and 2013, ESH REIT had no letters of credit outstanding under this credit facility, an outstanding balance drawn of $0 and $20.0 million, respectively, and borrowing capacity available of $250.0 million and $230.0 million, respectively. ESH REIT incurred approximately $1.2 million and $0.1 million, respectively, of interest expense and fees in connection with the ESH REIT revolving credit facility, which are included as a component of net interest expense in the accompanying consolidated statements of operations for the years ended December 31, 2014 and 2013. | |||||||||||||||||||||||||||||||
In order to avoid a Trigger Event or an Adjusted Trigger Event the revolving credit facility requires a Debt Yield and an Adjusted Debt Yield, each as defined, of at least 11.5%, and, to avoid an Event of Default, a Consolidated Leverage Ratio, as defined, of no more than 9.25 to 1.0 (with the requirement decreasing to no more than 9.0 to 1.0 over the life of the facility) and a Debt Yield or Adjusted Debt Yield, of at least 9.0%. The occurrence of a Trigger Event or an Adjusted Trigger Event requires ESH REIT to repay the outstanding facility balance and restricts its ability to draw additional proceeds. As of December 31, 2014 and 2013, none of these events had occurred. | |||||||||||||||||||||||||||||||
Extended Stay LLC Revolving Credit Facility—On November 30, 2012, Extended Stay LLC, a subsidiary of ESH REIT, entered into a revolving credit facility of $100.0 million. Extended Stay LLC incurred a fee of 0.5% on the undrawn revolver balance due on the first day of each calendar quarter. Extended Stay LLC incurred approximately $0.9 million of fees in connection with the Extended Stay LLC revolving credit facility, which are included as a component of net interest expense in the accompanying consolidated statement of operations for the year ended December 31, 2013. | |||||||||||||||||||||||||||||||
On November 18, 2013, the Extended Stay LLC revolving credit facility terminated in connection with the Offering and ESH REIT wrote off approximately $0.7 million in unamortized deferred financing costs, which are included as a component of net interest expense in the accompanying consolidated statement of operations for the year ended December 31, 2013. | |||||||||||||||||||||||||||||||
Interest Expense— The components of net interest expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||
Contractual interest | $ | 121,672 | $ | 194,980 | $ | 201,518 | |||||||||||||||||||||||||
Amortization of deferred financing costs and accretion of debt discount | 11,869 | 12,345 | 10,988 | ||||||||||||||||||||||||||||
Debt extinguishment and other costs | 10,223 | 26,933 | 45,150 | ||||||||||||||||||||||||||||
Interest income | (532 | ) | (629 | ) | (307 | ) | |||||||||||||||||||||||||
Total | $ | 143,232 | $ | 233,629 | $ | 257,349 | |||||||||||||||||||||||||
Future Maturities of Debt—The future maturities of debt as of December 31, 2014, are as follows (in thousands): | |||||||||||||||||||||||||||||||
Years Ending | |||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||
2015 | $ | 356,586 | (1)(2) | ||||||||||||||||||||||||||||
2016 | — | ||||||||||||||||||||||||||||||
2017 | 350,000 | ||||||||||||||||||||||||||||||
2018 | — | ||||||||||||||||||||||||||||||
2019 | 2,184,783 | (2) | |||||||||||||||||||||||||||||
Thereafter | — | ||||||||||||||||||||||||||||||
Total | $ | 2,891,369 | |||||||||||||||||||||||||||||
-1 | ESH REIT has the option to extend the maturity date of Component A of the 2012 Mortgage Loan for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-2 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. Subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
Fair Value of Debt—As of December 31, 2014 and 2013, the estimated fair value of ESH REIT’s mortgage, mezzanine and term loans was approximately $2.9 billion and $2.8 billion, respectively. The estimated fair values of mortgage, mezzanine and term loans are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on ESH REIT’s current mortgage, mezzanine and term loans (Level 2 fair value measures) or quoted market prices (Level 1 fair value measures), when available. As of December 31, 2013, the estimated fair value of the ESH REIT revolving credit facility was equal to its carrying value due to its short-term nature and frequent settlement. |
Mandatorily_Redeemable_Preferr
Mandatorily Redeemable Preferred Stock | 12 Months Ended | |
Dec. 31, 2014 | ||
Text Block [Abstract] | ||
Mandatorily Redeemable Preferred Stock | 8 | MANDATORILY REDEEMABLE PREFERRED STOCK |
The Corporation has authorized 350.0 million shares of preferred stock, par value $0.01 per share, of which 21,202 shares of mandatorily redeemable voting preferred stock were issued and outstanding as of December 31, 2014 and 2013. Dividends on the preferred shares are payable quarterly in arrears at a rate of 8.0% per year. With respect to dividend, distribution and liquidation rights, the 8.0% voting preferred stock ranks senior to the Corporation’s common stock. Holders of the 8.0% voting preferred stock are generally entitled to one vote for each share and will vote together with the Corporation common stock as a single class on all matters that the Corporation’s common shareholders are entitled to vote upon. On or after November 15, 2018, a holder of the 8.0% voting preferred stock has the right to require the Corporation to redeem in cash the 8.0% voting preferred stock at $1,000 per share plus any accumulated but unpaid dividends. On November 15, 2020, the Corporation shall mandatorily redeem all of the 8.0% voting preferred stock at $1,000 per share plus any accumulated but unpaid dividends. | ||
Due to the fact that the outstanding preferred stock is mandatorily redeemable by the Corporation, it is classified as a liability on the accompanying consolidated balance sheets. Dividends on the shares of mandatorily redeemable preferred stock are classified as net interest expense on the accompanying consolidated and combined statements of operations. | ||
Fair Value of Mandatorily Redeemable Preferred Stock—As of December 31, 2014 and 2013, the estimated fair value of the Corporation’s mandatorily redeemable preferred stock was approximately $21.2 million and $20.9 million, respectively. The estimated fair value of mandatorily redeemable preferred stock is determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads (Level 2 fair value measures). |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Income Taxes | 9 | INCOME TAXES | |||||||||||||||||||||||
Income (loss) before income tax expense (benefit) for the years ended December 31, 2014, 2013 and 2012 consists of the following (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
U.S. | $ | 201,312 | $ | 76,501 | $ | 23,597 | |||||||||||||||||||
Canada | (5,701 | ) | 1,165 | 3,326 | |||||||||||||||||||||
Total | $ | 195,611 | $ | 77,666 | $ | 26,923 | |||||||||||||||||||
The components of the income tax provision (benefit) for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Federal (including foreign): | |||||||||||||||||||||||||
Current | $ | 39,161 | $ | 3,520 | $ | 1,583 | |||||||||||||||||||
Deferred | (746 | ) | (10,131 | ) | 1,719 | ||||||||||||||||||||
State: | |||||||||||||||||||||||||
Current | 6,416 | 3,044 | 672 | ||||||||||||||||||||||
Deferred | 226 | (1,423 | ) | 668 | |||||||||||||||||||||
Total | $ | 45,057 | $ | (4,990 | ) | $ | 4,642 | ||||||||||||||||||
The differences between the income tax expense (benefit) at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Tax at statutory rate | $ | 68,464 | 35 | % | $ | 27,183 | 35 | % | $ | 9,424 | 35 | % | |||||||||||||
State income tax | 4,609 | 2.4 | 357 | 0.4 | 996 | 3.7 | |||||||||||||||||||
Foreign income tax rate differential | 44 | — | 203 | 0.3 | 269 | 1 | |||||||||||||||||||
Nondeductible (nontaxable): | |||||||||||||||||||||||||
ESH REIT income | (38,753 | ) | (19.8 | ) | (33,798 | ) | (43.5 | ) | (6,632 | ) | (24.6 | ) | |||||||||||||
Pass-through entity income | — | — | (1,182 | ) | (1.5 | ) | (1,317 | ) | (4.9 | ) | |||||||||||||||
Change in expected distribution policy | — | — | (5,561 | ) | (7.2 | ) | — | — | |||||||||||||||||
Equity-based compensation | 1,376 | 0.7 | 6,598 | 8.5 | 2,100 | 7.8 | |||||||||||||||||||
Other permanent differences | 810 | 0.4 | 1,678 | 2.2 | 121 | 0.5 | |||||||||||||||||||
Change in temporary differences at ESH REIT that flow to the Corporation | 10,718 | 5.4 | — | — | — | — | |||||||||||||||||||
Valuation allowance | 1,182 | 0.6 | 216 | 0.3 | 21 | 0.1 | |||||||||||||||||||
Other—net | (3,393 | ) | (1.7 | ) | (684 | ) | (0.9 | ) | (340 | ) | (1.3 | ) | |||||||||||||
Income tax expense (benefit)—net | $ | 45,057 | 23 | % | $ | (4,990 | ) | (6.4 | )% | $ | 4,642 | 17.3 | % | ||||||||||||
The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013, consist of the following (in thousands): | |||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 7,641 | $ | 7,851 | |||||||||||||||||||||
Accruals and allowances | 28,411 | 5,227 | |||||||||||||||||||||||
Deferred financing costs | 74 | — | |||||||||||||||||||||||
Equity-based compensation | 1,571 | — | |||||||||||||||||||||||
Intangible assets | 3,538 | 4,156 | |||||||||||||||||||||||
Other | 2,676 | 4,151 | |||||||||||||||||||||||
Total deferred tax assets | 43,911 | 21,385 | |||||||||||||||||||||||
Valuation allowance | (1,955 | ) | (773 | ) | |||||||||||||||||||||
Net deferred tax assets | 41,956 | 20,612 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Cumulative temporary differences at ESH REIT that flow to the Corporation | (28,669 | ) | (16,334 | ) | |||||||||||||||||||||
Intangible assets | (6,735 | ) | (7,157 | ) | |||||||||||||||||||||
Prepaid expenses | (1,085 | ) | (683 | ) | |||||||||||||||||||||
Depreciable property | (3,204 | ) | (3,750 | ) | |||||||||||||||||||||
Accruals and allowances | (8,540 | ) | — | ||||||||||||||||||||||
Other | (515 | ) | — | ||||||||||||||||||||||
Total net deferred tax (liabilities): | $ | (6,792 | ) | $ | (7,312 | ) | |||||||||||||||||||
ESH REIT has elected to be taxed and expects to continue to qualify as a REIT under Sections 856 through 860 of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | |||||||||||||||||||||||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax. In the future, ESH REIT intends to distribute approximately 95% of its taxable income and net capital gain. Accordingly, ESH REIT is expected to be subject to income taxes on approximately 5% of its taxable income. The Company has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. Included in the net deferred tax liability balance is a deferred tax asset related to net operating loss carryforwards of ESH REIT that expire in 2032. | |||||||||||||||||||||||||
As of December 31, 2014, the book basis of ESH REIT’s property and equipment was approximately $79.8 million greater than the tax basis of its assets. In 2014, ESH REIT made approximately $241.2 million in cash distributions to its shareholders, the total amount of which was considered a taxable dividend. | |||||||||||||||||||||||||
In connection with the Pre-IPO Transactions, a deferred income tax impact of approximately $10.0 million was recorded as a reduction to additional paid in capital in 2013. Additionally, a net deferred tax asset of approximately $6.6 million was recorded as a benefit to the income tax provision for the year ended December 31, 2013. | |||||||||||||||||||||||||
As of December 31, 2014 and 2013, the Company recorded a valuation allowance related to the net operating loss carryforwards of its Canadian Operating Lessee. The Company has concluded that, in light of available evidence, it is more likely than not that these net operating loss carryforwards will not be realized. | |||||||||||||||||||||||||
The Company evaluates its open tax positions using the criteria established by FASB ASC 740, “Income Taxes.” The Company has concluded that it has not taken any tax positions that are not more likely than not to be sustained upon examination and has therefore not recorded any reserves for uncertain tax positions. The Company’s (and predecessor entities’) income tax returns for the years 2011 to present are subject to examination by the Internal Revenue Service and other taxing authorities. | |||||||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||
Income Taxes | 7 | INCOME TAXES | |||||||||||||||||||||||
Income (loss) before income tax (benefit) expense for the years ended December 31, 2014, 2013 and 2012 consists of the following (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
U.S. | $ | 247,694 | $ | 97,878 | $ | 21,384 | |||||||||||||||||||
Canada | (1,710 | ) | 1,712 | 3,326 | |||||||||||||||||||||
Total | $ | 245,984 | $ | 99,590 | $ | 24,710 | |||||||||||||||||||
The components of the income tax (benefit) expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Federal (including foreign): | |||||||||||||||||||||||||
Current | $ | (1,694 | ) | $ | 3,520 | $ | 1,583 | ||||||||||||||||||
Deferred | (309 | ) | (6,666 | ) | 1,719 | ||||||||||||||||||||
State: | |||||||||||||||||||||||||
Current | 583 | 3,044 | 672 | ||||||||||||||||||||||
Deferred | 310 | (774 | ) | 668 | |||||||||||||||||||||
Total | $ | (1,110 | ) | $ | (876 | ) | $ | 4,642 | |||||||||||||||||
The differences between the income tax (benefit) expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Tax at statutory rate | $ | 86,094 | 35 | % | $ | 34,857 | 35 | % | $ | 8,649 | 35 | % | |||||||||||||
State income tax | 893 | 0.4 | 910 | 0.9 | 996 | 4 | |||||||||||||||||||
Foreign income tax rate differential | (135 | ) | (0.1 | ) | 162 | 0.2 | 269 | 1.1 | |||||||||||||||||
Nondeductible (nontaxable): | |||||||||||||||||||||||||
ESH REIT income | (85,184 | ) | (34.7 | ) | (33,798 | ) | (34.0 | ) | (6,632 | ) | (26.8 | ) | |||||||||||||
Pass-through entity income | — | — | (255 | ) | (0.3 | ) | (542 | ) | (2.2 | ) | |||||||||||||||
Change in expected distribution policy | — | — | (5,561 | ) | (5.6 | ) | — | — | |||||||||||||||||
Equity-based compensation | 1 | — | 1,865 | 1.9 | 2,100 | 8.5 | |||||||||||||||||||
Other permanent differences | — | — | 1,294 | 1.3 | 121 | 0.5 | |||||||||||||||||||
Valuation allowance | — | — | 166 | 0.2 | 21 | 0.1 | |||||||||||||||||||
Other—net | (2,779 | ) | (1.1 | ) | (516 | ) | (0.5 | ) | (340 | ) | (1.4 | ) | |||||||||||||
Income tax (benefit) expense—net | $ | (1,110 | ) | (0.5 | )% | $ | (876 | ) | (0.9 | )% | $ | 4,642 | 18.8 | % | |||||||||||
The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013, consist of the following (in thousands): | |||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 7,267 | $ | 7,851 | |||||||||||||||||||||
Intangible assets | — | 101 | |||||||||||||||||||||||
Other | 139 | 102 | |||||||||||||||||||||||
Total deferred tax assets | 7,406 | 8,054 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Depreciable property | $ | (3,073 | ) | $ | (4,806 | ) | |||||||||||||||||||
Other | (1,127 | ) | (41 | ) | |||||||||||||||||||||
Total net deferred tax assets: | $ | 3,206 | $ | 3,207 | |||||||||||||||||||||
ESH REIT has elected to be taxed and expects to continue to qualify as a REIT under Sections 856 through 860 of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | |||||||||||||||||||||||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax and net capital gain. In the future, ESH REIT intends to distribute approximately 95% of its taxable income. ESH REIT is expected to be subject to income taxes on approximately 5% of its taxable income. As a result, ESH REIT has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. The majority of the net deferred tax asset balance relates to net operating loss carryforwards that expire in 2032. | |||||||||||||||||||||||||
ESH REIT had taxable income before a REIT distribution of approximately $194.0 million for the year ended December 31, 2014, taxable income before a REIT distribution of approximately $192.1 million for the year ended December 31, 2013 and a taxable loss for the year ended December 31, 2012. In 2014, ESH REIT made approximately $241.2 million in cash distributions to its shareholders, the total amount of which was considered a taxable dividend. In 2013, ESH REIT made approximately $239.8 million in distributions to its shareholders, which consisted of a cash distribution of approximately $78.4 million and a distribution of property of approximately $161.4 million. The total amount of the 2013 distributions was considered a taxable dividend. In 2012, ESH REIT distributed approximately $826.2 million to its shareholders. Approximately $45.1 million of this amount was considered a taxable dividend and the balance was considered a return of capital for tax purposes. | |||||||||||||||||||||||||
As of December 31, 2014, the book basis of ESH REIT’s property and equipment was approximately $79.8 million greater than the tax basis of its assets. | |||||||||||||||||||||||||
ESH REIT evaluates its open tax positions using the criteria established by FASB ASC 740, “Income Taxes.” ESH REIT has concluded that it has not taken any tax positions that are not more likely than not to be sustained upon examination and has therefore not recorded any reserves for uncertain tax positions. ESH REIT’s income tax returns for the years 2011 to present are subject to examination by the Internal Revenue Service and other taxing authorities. | |||||||||||||||||||||||||
Quarterly_Results_Unaudited
Quarterly Results (Unaudited) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Quarterly Results (Unaudited) | 10 | QUARTERLY RESULTS (Unaudited) | |||||||||||||||||||||||||||||||
Quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||
Three Months | Three Months | Three Months | Three Months | ||||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Total revenues | $ | 270,316 | $ | 256,798 | $ | 321,914 | $ | 293,595 | $ | 338,553 | $ | 313,653 | $ | 282,692 | $ | 268,772 | |||||||||||||||||
Income from operations | 60,203 | 66,668 | 106,245 | 92,172 | 113,590 | 100,035 | 68,700 | 53,250 | |||||||||||||||||||||||||
Net income (loss) | 16,081 | 13,917 | 46,284 | 37,539 | 60,185 | 46,578 | 28,004 | (15,378 | ) | ||||||||||||||||||||||||
Net (income) loss attributable to noncontrolling interests | (5,291 | ) | (471 | ) | (3,048 | ) | 33 | (16,310 | ) | (422 | ) | (86,309 | ) | 4,435 | |||||||||||||||||||
Net income (loss) attributable to common shareholders or members | 10,790 | 13,446 | 43,236 | 37,572 | 43,875 | 46,156 | (58,305 | ) | (10,943 | ) | |||||||||||||||||||||||
Net income (loss) per common share — basic(1) | $ | 0.05 | $ | 0.08 | $ | 0.21 | $ | 0.22 | $ | 0.22 | $ | 0.27 | $ | (0.29 | ) | $ | (0.06 | ) | |||||||||||||||
Net income (loss) per common share — diluted(1) | $ | 0.05 | $ | 0.08 | $ | 0.21 | $ | 0.22 | $ | 0.21 | $ | 0.27 | $ | (0.29 | ) | $ | (0.06 | ) | |||||||||||||||
-1 | The sum of basic net income per common share and diluted net income per common share for the four quarters may differ from the annual basic net income per common share and annual diluted net income per common share due to rounding. | ||||||||||||||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||||||||||
Quarterly Results (Unaudited) | 8 | QUARTERLY RESULTS (Unaudited) | |||||||||||||||||||||||||||||||
Quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||
Three Months | Three Months | Three Months | Three Months | ||||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Total revenues | $ | 123,647 | $ | 256,846 | $ | 123,599 | $ | 293,650 | $ | 139,605 | $ | 313,701 | $ | 297,354 | $ | 208,342 | |||||||||||||||||
Income from operations | 49,395 | 65,976 | 50,821 | 91,465 | 67,537 | 99,160 | 225,092 | 76,618 | |||||||||||||||||||||||||
Net income | 11,795 | 13,225 | 6,786 | 36,832 | 36,340 | 45,703 | 192,173 | 4,706 | |||||||||||||||||||||||||
Net (income) loss attributable to noncontrolling interests | — | (471 | ) | — | 33 | — | (422 | ) | — | 130 | |||||||||||||||||||||||
Net income available to common shareholders or members | 11,795 | 12,754 | 6,786 | 36,865 | 36,340 | 45,281 | 192,173 | 4,836 | |||||||||||||||||||||||||
Net income per common share—Class A—basic(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class A—diluted(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class B—basic(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class B—diluted(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
-1 | The sum of basic net income per common share and diluted net income per common share for the four quarters may differ from the annual basic net income per common share and annual diluted net income per share due to rounding. | ||||||||||||||||||||||||||||||||
Equity
Equity | 12 Months Ended | |
Dec. 31, 2014 | ||
Equity | 11 | EQUITY |
The Corporation | ||
The Corporation has authorized 3,500.0 million shares of common stock, par value $0.01 per share, of which approximately 204.5 million and 204.8 million shares were issued and outstanding as of December 31, 2014 and 2013, respectively. Each share of the Corporation’s outstanding common stock is attached to and trades as a single unit with one share of Class B common stock, par value $0.01 per share, of ESH REIT. | ||
The Corporation has authorized 350.0 million shares of preferred stock, $0.01 par value, of which 21,202 shares of mandatorily redeemable preferred stock were issued and outstanding as of December 31, 2014 and 2013. Dividends on the preferred shares are payable quarterly in arrears at a rate of 8.0% per year. The outstanding mandatorily redeemable preferred shares are included in liabilities on the accompanying consolidated balance sheets and are further described in Note 8. | ||
ESH REIT | ||
ESH REIT has authorized 4,300.0 million shares of Class A common stock, par value $0.01 per share, of which approximately 250.3 million shares were issued and outstanding as of December 31, 2014 and 2013. All of the issued and outstanding shares of ESH REIT Class A common stock were held by the Corporation as of December 31, 2014 and 2013. ESH REIT has authorized 7,800.0 million shares of Class B common stock, par value $0.01 per share, of which approximately 204.5 million and 204.8 million shares were issued and outstanding as of December 31, 2014 and 2013, respectively. Each share of ESH REIT’s outstanding Class B common stock is attached to and trades as a single unit with one share of the Corporation’s common stock, par value $0.01 per share. | ||
ESH REIT has authorized 350.0 million shares of preferred stock, par value $0.01 per share, of which no shares were issued or outstanding as of December 31, 2014 and 2013. Additionally, ESH REIT has authorized 125 shares of preferred stock, no par value, of which 125 shares were issued and outstanding as of December 31, 2014 and 2013. The preferred stock pays dividends at a rate of 12.5% per year. With respect to dividends and distributions upon ESH REIT’s liquidation, winding-up or dissolution, the 12.5% preferred stock ranks senior to the Class A and Class B common stock. The liquidation preference of the 12.5% preferred stock is $1,000 per share plus any accumulated but unpaid dividends and a redemption premium if redeemed prior to December 31, 2015. Shares of 12.5% preferred stock may be redeemed, in whole or in part, at any time for a per share amount equal to the liquidation preference plus all accumulated but unpaid dividends. | ||
ESH REIT made cash distributions totaling approximately $241.2 million (of which approximately $132.7 million was paid to the Corporation), $78.4 million and $826.2 million during the years ended December 31, 2014, 2013 and 2012, respectively. Property distributions of approximately $161.4 million were made during the year ended December 31, 2013. | ||
Noncontrolling Interests | ||
Subsequent to the Pre-IPO Transactions, third party equity interests in ESH REIT consist of the outstanding shares of the Class B common stock of ESH REIT, which represent approximately 45% of ESH REIT’s total common equity, and the outstanding 125 shares of 12.5% preferred stock of ESH REIT. As of December 31, 2014 and 2013, these interests, which are not owned by the Corporation, are presented as noncontrolling interests. Prior to the Pre-IPO Transactions, noncontrolling interests consisted of all of the equity of HVM, a consolidated variable interest entity. | ||
ESH REIT [Member] | ||
Equity | 9 | EQUITY |
Controlling Interests | ||
ESH REIT has authorized 4,300.0 million shares of Class A common stock, par value $0.01 per share, of which approximately 250.3 million shares were issued and outstanding as of December 31, 2014 and 2013. All of the issued and outstanding shares of ESH REIT Class A common stock were held by the Corporation as of December 31, 2014 and 2013. ESH REIT has authorized 7,800.0 million shares of Class B common stock, par value $0.01 per share, of which approximately 204.5 million and 204.8 million shares were issued and outstanding as of December 31, 2014 and 2013, respectively. Each share of ESH REIT’s outstanding Class B common stock is attached to and trades as a single unit with one share of the Corporation’s common stock, par value $0.01 per share. | ||
ESH REIT has authorized 350.0 million shares of preferred stock, par value $0.01 per share, of which no shares were issued or outstanding as of December 31, 2014 and 2013. Additionally, ESH REIT has authorized 125 shares of preferred stock, no par value, of which 125 shares were issued and outstanding as of December 31, 2014 and 2013. The preferred stock pays dividends at a rate of 12.5% per year. With respect to dividends and distributions upon ESH REIT’s liquidation, winding-up or dissolution, the 12.5% preferred stock ranks senior to the Class A and Class B common stock. The liquidation preference of the 12.5% preferred stock is $1,000 per share plus any accumulated but unpaid dividends and a redemption premium if redeemed prior to December 31, 2015. Shares of 12.5% preferred stock may be redeemed, in whole or in part, at any time for a per share amount equal to the liquidation preference plus all accumulated but unpaid dividends. | ||
ESH REIT made cash distributions totaling approximately $241.2 million (of which approximately $132.7 million was paid to the Corporation), $78.4 million and $826.2 million during the years ended December 31, 2014, 2013 and 2012, respectively. Property distributions of approximately $161.4 million were made during the year ended December 31, 2013. | ||
Noncontrolling Interests | ||
Prior to the Pre-IPO Transactions, noncontrolling interests consisted of all of the equity of HVM, a consolidated variable interest entity. |
Variable_Interest_Entity_HVM
Variable Interest Entity (HVM) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Variable Interest Entity (HVM) | 12 | VARIABLE INTEREST ENTITY (HVM) | |||||||||||||||||||||||
As discussed in Notes 1 and 2, the results of operations, comprehensive income and cash flows of HVM are consolidated in the Company’s accompanying consolidated and combined financial statements through the Pre-IPO Transactions. As part of the Pre-IPO Transactions, ESA Management acquired all of the assets and assumed all of the liabilities of HVM for approximately $0.8 million; at that time, the existing management and service agreements were terminated and ESA Management entered into new management and service agreements with the Corporation, the Operating Lessees, ESH REIT and ESH Strategies. The following describes HVM’s financial activity prior to the Pre-IPO Transactions, the majority of which eliminated in consolidation and combination. | |||||||||||||||||||||||||
Hotel Management Agreements with the Company—On the Acquisition Date, ESH REIT’s taxable REIT subsidiaries, the Operating Lessees, executed management agreements with HVM with respect to the hotels under lease. Under the terms of these agreements, HVM provided management services to the hotels, including supervision, direction, control of the operation, and management and promotion of the hotel properties in a manner consistent with extended stay hotels of similar size, type, or usage in similar locations. | |||||||||||||||||||||||||
The following table sets forth a summary of the fees provided under the hotel management agreements between HVM and the Operating Lessees through the Pre-IPO Transactions: | |||||||||||||||||||||||||
Fees as | First Revenue | Fees as | Second Revenue | ||||||||||||||||||||||
Percentage of | Threshold | Percentage of | Threshold | ||||||||||||||||||||||
Revenue—First | Revenue—Second | ||||||||||||||||||||||||
Threshold | Threshold | ||||||||||||||||||||||||
U.S. 660 hotel operators | 2.50% | Up to $500 million | 0.50% | > $500 million | |||||||||||||||||||||
Canadian 3 hotel operators | 2.50% | Up to C$12 million | 0.50% | > C$12 million | |||||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 2.50% | Up to $1.8 million | 0.50% | > $1.8 million | |||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 8.00% | N/A | N/A | N/A | |||||||||||||||||||||
Excluding the agreements with the U.S. 17 hotel operators assumed by the Company in December 2012 (described below), under each of these agreements, HVM was also reimbursed, without markup, for costs incurred by HVM for providing services for accounting, financial analysis, operations supervision, sales, revenue management, training, technology, marketing, advertising, reservation services and travel agent commissions. | |||||||||||||||||||||||||
Administrative Services Agreements with the Company—On the Acquisition Date, ESH REIT and ESH Strategies executed service agreements with HVM, whereby HVM provided services for certain administrative, legal, financial, accounting, and related services, including services related to property acquisitions and oversight and procurement of capital assets. Fees consisted of HVM’s cost of providing the services plus 6%. In connection with the Pre-IPO Transactions, the Corporation acquired the net assets of HVM; therefore, all of the administrative services agreements were terminated at that time. | |||||||||||||||||||||||||
Third Party Management Agreements—Through December 12, 2012, HVM managed 17 hotels for a third-party hotel owner-operator under a separate management agreement with each hotel. The Company acquired these hotels on December 13, 2012 (see Note 4) and these management agreements were assumed by the Company upon acquisition. In addition, HVM had two hotel management agreements to manage hotels owned by a third-party hotel owner-operator. The Company acquired these hotels on December 31, 2013 (see Note 4). | |||||||||||||||||||||||||
The following tables set forth a summary of hotel management fees, administrative services fees, general and administrative expense reimbursement fees, third party management fees and reimbursements to HVM for these activities for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012 (in thousands). Where appropriate, such amounts have been eliminated in the accompanying consolidated and combined financial statements. | |||||||||||||||||||||||||
Period from January 1, 2013 through the Pre-IPO Transactions | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 13,456 | $ | 40,466 | $ | — | $ | 53,922 | $ | 176,572 | $ | 230,494 | |||||||||||||
Canadian hotel operators | 101 | 176 | — | 277 | 2,630 | 2,907 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 40 | — | — | 40 | 493 | 533 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 1,331 | — | — | 1,331 | — | 1,331 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,130 | 6,130 | — | 6,130 | |||||||||||||||||||
ESH Strategies | — | — | 178 | 178 | — | 178 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 2 third party hotel operators | 295 | — | — | 295 | 640 | 935 | |||||||||||||||||||
$ | 15,223 | $ | 40,642 | $ | 6,308 | $ | 62,173 | $ | 180,335 | $ | 242,508 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 14,852 | $ | 78,732 | $ | — | $ | 93,584 | $ | 197,315 | $ | 290,899 | |||||||||||||
Canadian hotel operators | 41 | 331 | — | 372 | 2,983 | 3,355 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 46 | — | — | 46 | 561 | 607 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(1) | 78 | — | — | 78 | 270 | 348 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,745 | 6,745 | — | 6,745 | |||||||||||||||||||
ESH Strategies | — | — | 357 | 357 | — | 357 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(2) | 2,354 | — | — | 2,354 | 5,807 | 8,161 | |||||||||||||||||||
U.S. 2 third party hotel operators | 280 | — | — | 280 | 793 | 1,073 | |||||||||||||||||||
$ | 17,651 | $ | 79,063 | $ | 7,102 | $ | 103,816 | $ | 207,729 | $ | 311,545 | ||||||||||||||
-1 | Fees earned by HVM subsequent to the Company’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
-2 | Fees earned by HVM prior to the Company’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
Condensed Consolidated Financial Information— The condensed consolidated statements of operations of HVM for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Period from | Year Ended | ||||||||||||||||||||||||
January 1, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
through the | |||||||||||||||||||||||||
Pre-IPO | |||||||||||||||||||||||||
Transactions | |||||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||||
Management fee revenues | $ | 62,173 | $ | 103,816 | |||||||||||||||||||||
Reimbursement of payroll from managed properties | 180,335 | 207,729 | |||||||||||||||||||||||
Total revenues | 242,508 | 311,545 | |||||||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||
Hotel operating expenses | — | 27,280 | |||||||||||||||||||||||
General and administrative expenses | 58,049 | 65,795 | |||||||||||||||||||||||
Restructuring expenses | 605 | 5,763 | |||||||||||||||||||||||
Managed property payroll expenses | 180,335 | 207,729 | |||||||||||||||||||||||
Depreciation and amortization | 1,300 | 1,429 | |||||||||||||||||||||||
Total operating expenses | 240,289 | 307,996 | |||||||||||||||||||||||
Other income | 120 | 68 | |||||||||||||||||||||||
Net income | $ | 2,339 | $ | 3,617 | |||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||
Variable Interest Entity (HVM) | 10 | VARIABLE INTEREST ENTITY (HVM) | |||||||||||||||||||||||
As discussed in Notes 1 and 2, the results of operations, comprehensive income and cash flows of HVM are consolidated in ESH REIT’s accompanying consolidated financial statements through the Pre-IPO Transactions. As part of the Pre-IPO Transactions, ESA Management acquired all of the assets and assumed all of the liabilities of HVM for approximately $0.8 million; at that time, the existing management and service agreements were terminated. The following describes HVM’s financial activity prior to the Pre-IPO Transactions, including activity between HVM and ESH REIT, the majority of which eliminated in consolidation. | |||||||||||||||||||||||||
Hotel Management Agreements with ESH REIT—On the Acquisition Date, ESH REIT’s taxable REIT subsidiaries, the Operating Lessees, executed management agreements with HVM with respect to the hotels under lease. Under the terms of these agreements, HVM provided management services to the hotels, including supervision, direction, control of the operation, and management and promotion of the hotel properties in a manner consistent with extended stay hotels of similar size, type, or usage in similar locations. | |||||||||||||||||||||||||
The following table sets forth a summary of the fees provided under the hotel management agreements between HVM and the Operating Lessees through the Pre-IPO Transactions: | |||||||||||||||||||||||||
Fees as | First Revenue | Fees as | Second Revenue | ||||||||||||||||||||||
Percentage of | Threshold | Percentage of | Threshold | ||||||||||||||||||||||
Revenue—First | Revenue—Second | ||||||||||||||||||||||||
Threshold | Threshold | ||||||||||||||||||||||||
U.S. 660 hotel operators | 2.5 | % | Up to $500 million | 0.5 | % | > $500 million | |||||||||||||||||||
Canadian 3 hotel operators | 2.5 | % | Up to C$12 million | 0.5 | % | > C$12 million | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 2.5 | % | Up to $1.8 million | 0.5 | % | > $1.8 million | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 8 | % | N/A | N/A | N/A | ||||||||||||||||||||
Excluding the agreements with the U.S. 17 hotel operators assumed by ESH REIT in December 2012 (described below), under each of these agreements, HVM was also reimbursed, without markup, for costs incurred by HVM for providing services for accounting, financial analysis, operations supervision, sales, revenue management, training, technology, marketing, advertising, reservation services and travel agent commissions. | |||||||||||||||||||||||||
Administrative Services Agreements with ESH REIT—On the Acquisition Date, ESH REIT executed service agreements with HVM, whereby HVM provided services for certain administrative, legal, financial, accounting, and related services, including services related to property acquisitions and oversight and procurement of capital assets. Fees consisted of HVM’s cost of providing the services plus 6%. In connection with the Pre-IPO Transactions, the Corporation acquired the net assets of HVM; therefore, all of the administrative services agreements were terminated at that time. | |||||||||||||||||||||||||
Third Party Management Agreements—Through December 12, 2012, HVM managed 17 hotels for a third-party hotel owner-operator under a separate management agreement with each hotel. ESH REIT acquired these hotels on December 13, 2012 (see Note 4) and these management agreements were assumed by ESH REIT upon acquisition. In addition, HVM had two hotel management agreements to manage hotels owned by a third-party hotel owner-operator. ESH REIT acquired these hotels on December 31, 2013 (see Note 4). | |||||||||||||||||||||||||
The following tables set forth a summary of the hotel management fees, administrative services fees, general and administrative expense reimbursement fees, third party management fees and reimbursements to HVM for these activities for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012 (in thousands). Where appropriate, such amounts have been eliminated in the accompanying consolidated financial statements. | |||||||||||||||||||||||||
Period from January 1, 2013 through the Pre-IPO Transactions | |||||||||||||||||||||||||
Management | General and | Administrative | Total | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | fees | personnel | |||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 13,456 | $ | 40,466 | $ | — | $ | 53,922 | $ | 176,572 | $ | 230,494 | |||||||||||||
Canadian hotel operators | 101 | 176 | — | 277 | 2,630 | 2,907 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 40 | — | — | 40 | 493 | 533 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 1,331 | — | — | 1,331 | — | 1,331 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,130 | 6,130 | — | 6,130 | |||||||||||||||||||
ESH Strategies | — | — | 178 | 178 | — | 178 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 2 third party hotel operators | 295 | — | — | 295 | 640 | 935 | |||||||||||||||||||
$ | 15,223 | $ | 40,642 | $ | 6,308 | $ | 62,173 | $ | 180,335 | $ | 242,508 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 14,852 | $ | 78,732 | $ | — | $ | 93,584 | $ | 197,315 | $ | 290,899 | |||||||||||||
Canadian hotel operators | 41 | 331 | — | 372 | 2,983 | 3,355 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 46 | — | — | 46 | 561 | 607 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(1) | 78 | — | — | 78 | 270 | 348 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,745 | 6,745 | — | 6,745 | |||||||||||||||||||
ESH Strategies | — | — | 357 | 357 | — | 357 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(2) | 2,354 | — | — | 2,354 | 5,807 | 8,161 | |||||||||||||||||||
U.S. 2 third party hotel operators | 280 | — | — | 280 | 793 | 1,073 | |||||||||||||||||||
$ | 17,651 | $ | 79,063 | $ | 7,102 | $ | 103,816 | $ | 207,729 | $ | 311,545 | ||||||||||||||
-1 | Fees earned by HVM subsequent to ESH REIT’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
-2 | Fees earned by HVM prior to ESH REIT’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
Condensed Consolidated Financial Information—The condensed consolidated statements of operations of HVM for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 are as follows (in thousands): | |||||||||||||||||||||||||
Period from | Year Ended | ||||||||||||||||||||||||
January 1, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
through the | |||||||||||||||||||||||||
Pre-IPO | |||||||||||||||||||||||||
Transactions | |||||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||||
Management fee revenues | $ | 62,173 | $ | 103,816 | |||||||||||||||||||||
Reimbursement of payroll from managed properties | 180,335 | 207,729 | |||||||||||||||||||||||
Total revenues | 242,508 | 311,545 | |||||||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||
Hotel operating expenses | — | 27,280 | |||||||||||||||||||||||
General and administrative expenses | 58,049 | 65,795 | |||||||||||||||||||||||
Restructuring expenses | 605 | 5,763 | |||||||||||||||||||||||
Managed property payroll expenses | 180,335 | 207,729 | |||||||||||||||||||||||
Depreciation and amortization | 1,300 | 1,429 | |||||||||||||||||||||||
Total operating expenses | 240,289 | 307,996 | |||||||||||||||||||||||
Other income | 120 | 68 | |||||||||||||||||||||||
Net income | $ | 2,339 | $ | 3,617 | |||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies | 13 | COMMITMENTS AND CONTINGENCIES | |||
Lease Commitments—The Company is a tenant under long-term ground leases at four of its hotel properties. The initial terms of the ground lease agreements terminate at various dates between 2016 and 2096, and most leases include multiple renewal options for generally five or 10 year periods. | |||||
Prior to the Pre-IPO Transactions, HVM executed a lease for office space in Charlotte, North Carolina, in conjunction with the relocation of its corporate headquarters (see Note 14). The lease was assumed by ESA Management as part of the Pre-IPO Transactions. The lease is an operating lease with an initial term through August 2021. After the initial term, the Company has the option to renew the lease for two additional terms of five years each at the then-fair market annual base rental rate. | |||||
Rent expense on office and ground leases is recognized on a straight-line basis and was approximately $3.2 million, $3.3 million and $3.3 million for the years ended December 31, 2014, 2013 and 2012, respectively. Ground lease expense is included in hotel operating expenses and office lease expense is included in general and administrative expenses in the accompanying consolidated and combined statements of operations. | |||||
Future minimum lease payments under operating leases as of December 31, 2014, are as follows (in thousands): | |||||
Years Ending | |||||
December 31, | |||||
2015 | $ | 2,425 | |||
2016 | 2,649 | ||||
2017 | 2,718 | ||||
2018 | 2,788 | ||||
2019 | 2,843 | ||||
Thereafter | 85,936 | ||||
Total | $ | 99,359 | |||
Other Commitments—The Company has a commitment to make quarterly payments in lieu of taxes to the owner of the land on which one of its properties is located. The initial term of the agreement terminates in 2031. The cost related to this commitment was approximately $0.3 million for each of the years ended December 31, 2014, 2013 and 2012, and is included in hotel operating expenses in the accompanying consolidated and combined statements of operations. | |||||
Letter of Credit—As of December 31, 2014, the Company had one outstanding letter of credit, issued by the Corporation, for $3.6 million, which is collateralized by the Corporation’s revolving credit facility. | |||||
Legal Contingencies—The Company is not a party to any litigation or claims other than routine matters arising in the ordinary course of business that are incidental to the operation of the business of the Company. The Company believes that the results of all claims and litigation, individually or in the aggregate, will not have a material adverse effect on its business or consolidated and combined financial statements. | |||||
Purchase Commitments—As of December 31, 2014, the Company had purchase commitments related to certain continuing renovations to its hotel properties of approximately $1.6 million, which are expected to be paid within one year. | |||||
Executive Employment Agreements—As of December 31, 2014, three members of senior management have employment agreements. These agreements generally provide for a two-year employment term that are subject thereafter to one-year extensions and specify the executive’s current compensation, benefits and perquisites, the executive’s entitlements upon termination of employment and other employment rights and responsibilities. | |||||
ESH REIT [Member] | |||||
Commitments and Contingencies | 12 | COMMITMENTS AND CONTINGENCIES | |||
Lease Commitments—ESH REIT is a tenant under long-term ground leases at four of its hotel properties. The initial terms of the ground lease agreements terminate at various dates between 2016 and 2096, and most leases include multiple renewal options for generally five or 10 year periods. Ground lease expense is included in hotel operating expenses in the accompanying consolidated statements of operations. | |||||
Prior to the Pre-IPO Transactions, HVM executed a lease for office space in Charlotte, North Carolina, in conjunction with the relocation of its corporate headquarters (see Note 13.) The lease was assumed by ESA Management as part of the Pre-IPO Transactions. The lease is an operating lease with an initial term through August 2021. Office lease expense is included in general and administrative expenses in the accompanying consolidated statements of operations for periods through the Pre-IPO Transactions, due to the fact that HVM was a consolidated variable interest entity. | |||||
Rent expense on office and ground leases is recognized on a straight-line basis and was approximately $1.6 million, $3.0 million and $3.3 million for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||
Future minimum lease payments under operating leases as of December 31, 2014, are as follows (in thousands): | |||||
Years Ending | |||||
December 31, | |||||
2015 | $ | 712 | |||
2016 | 729 | ||||
2017 | 750 | ||||
2018 | 771 | ||||
2019 | 775 | ||||
Thereafter | 82,381 | ||||
Total | $ | 86,118 | |||
Other Commitments—ESH REIT has a commitment to make quarterly payments in lieu of taxes to the owner of the land on which one of its properties is located. The initial term of the agreement terminates in 2031. The cost related to this commitment was approximately $0.3 million for each of the years ended December 31, 2014, 2013 and 2012, and is included in hotel operating expenses in the accompanying consolidated statements of operations. | |||||
Legal Contingencies—ESH REIT is not a party to any litigation or claims other than routine matters arising in the ordinary course of business that are incidental to the operation of the business of ESH REIT. ESH REIT believes that the results of all claims and litigation, individually or in the aggregate, will not have a material adverse effect on its business or consolidated financial statements. | |||||
Purchase Commitments—As of December 31, 2014, ESH REIT had purchase commitments related to certain continuing renovations to its hotel properties of approximately $1.6 million, which are expected to be paid within one year. |
Restructuring
Restructuring | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Restructuring | 14 | RESTRUCTURING | |||||||
In 2013, prior to the Pre-IPO Transactions, the Company and HVM initiated an operations restructuring which changed certain aspects of its property staffing model. In 2011, the Company and HVM initiated a corporate restructuring that included, among other things, the relocation of the corporate headquarters to Charlotte, North Carolina. The corporate relocation was completed during the first half of 2012. Total expenses incurred during the years ended December 31, 2013 and 2012, were approximately $0.6 million and $5.8 million, respectively, and consisted of the following (in thousands): | |||||||||
Year Ended | Year Ended | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Personnel relocation, recruitment, and separation payments | $ | 605 | $ | 3,729 | |||||
Executive separation payments | — | 2,019 | |||||||
Relocation of furniture, fixtures and equipment | — | 15 | |||||||
Total restructuring expenses | $ | 605 | $ | 5,763 | |||||
Amounts accrued and paid related to the operations and corporate restructurings during the years ended December 31, 2014 and 2013 are summarized as follows (in thousands): | |||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Balance—beginning of year | $ | 8 | $ | 213 | |||||
Expense incurred | — | 605 | |||||||
Cash payments | (8 | ) | (810 | ) | |||||
Balance—end of year | $ | — | $ | 8 | |||||
As of December 31, 2013, amounts accrued were included in accounts payable and accrued liabilities on the accompanying consolidated balance sheet. | |||||||||
ESH REIT [Member] | |||||||||
Restructuring | 13 | RESTRUCTURING | |||||||
In 2013, prior to the Pre-IPO Transactions, the Operating Lessees and HVM initiated an operations restructuring which changed certain aspects of the Operating Lessees’ property staffing model. In 2011, ESH REIT and HVM initiated a corporate restructuring that included, among other things, the relocation of the corporate headquarters to Charlotte, North Carolina. The corporate relocation was completed during the first half of 2012. Total expenses incurred during the years ended December 31, 2013 and 2012, were approximately $0.6 million and $5.8 million, respectively, and consisted of the following (in thousands): | |||||||||
Year Ended | Year Ended | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Personnel relocation, recruitment and separation payments | $ | 605 | $ | 3,729 | |||||
Executive separation payments | — | 2,019 | |||||||
Relocation of furniture, fixtures and equipment | — | 15 | |||||||
Total restructuring expenses | $ | 605 | $ | 5,763 | |||||
Amounts accrued and paid related to the operations and corporate restructurings during the year ended December 31, 2013, are summarized as follows (in thousands): | |||||||||
December 31, | |||||||||
2013 | |||||||||
Balance—beginning of year | $ | 213 | |||||||
Expense incurred | 605 | ||||||||
Cash payments | (810 | ) | |||||||
Assumption of liability by the Corporation | (8 | ) | |||||||
Balance—end of year | $ | — | |||||||
EquityBased_Compensation
Equity-Based Compensation | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Equity-Based Compensation | 15 | EQUITY-BASED COMPENSATION | |||||||
The Corporation and ESH REIT each maintain a long-term incentive plan (“LTIP”) under which the Corporation and ESH REIT may issue to eligible employees or directors restricted stock (i.e., Paired Share) awards, restricted stock units or other equity-based awards. The aggregate number of Paired Shares that may be made as awards under the LTIP’s shall not exceed 8.0 million, no more of which 4.0 million may be granted as incentive stock options. Each of the Corporation’s and ESH REIT’s LTIP has a share reserve of an equivalent number of shares of Corporation common stock and Class B common stock of ESH REIT, respectively. Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan which provided for HVM employees and members of Holdings’ and Strategies Holdings’ boards of managers awards of restricted limited liability interests (“Profit Units”) in Holdings and Strategies Holdings. | |||||||||
On November 12, 2013, holders of outstanding Profit Units received an aggregate distribution of cash of approximately $2.4 million from Holdings and all remaining outstanding Profit Units were converted into restricted stock awards. 80% of the restricted stock awards received in respect of the Profit Units were received with the same vesting schedules as the Profit Units and at their fair values. 20% of the restricted stock awards received in respect of the Profit Units were received with acceleration to their existing vesting schedules. As a result of this acceleration, the Company incurred additional compensation cost of approximately $14.6 million during the year ended December 31, 2013. | |||||||||
Subsequent to the Offering, the fair value of equity-based awards on the date of grant is based on the closing price of a Paired Share on the date of grant. A portion of the grant date fair value is allocated to a share of common stock of the Corporation and a portion is allocated to a share of Class B common stock of ESH REIT. | |||||||||
Prior to the Offering, the fair value of equity-based awards on the date of grant was estimated using the Black-Scholes Merton model, using various assumptions regarding (a) the expected holding period, (b) the risk-free rate of return, (c) expected dividend yield on the underlying units, (d) the expected volatility in the fair value of the Company’s equity, and (e) a discount for lack of marketability, and was calculated based on the grant agreement terms, which included thresholds for internal rate of return and recovery of Holdings’ and Strategies Holdings’ members’ initial equity investments. | |||||||||
The expected holding period represented the period of time that the Profit Units were expected to be outstanding. The units were assumed to remain outstanding until the Company experienced a change in control of ownership or an initial public offering. The risk-free rate of return for periods approximating the expected holding period of the units was based on the U.S. constant maturity treasuries yield in effect at the grant date. A dividend yield was assumed based on the Company’s historical dividend rate. Because the Company’s equity was privately held and was not traded in an active market, the Company used the historical volatility of the share values of publicly traded companies within similar industries as the Company as a surrogate for the expected volatility of the Company’s equity. The discount for lack of marketability was calculated for each expected holding period using a put-option Black-Scholes Merton model. The key assumptions used for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 were as follows: | |||||||||
Period from | Year Ended | ||||||||
January 1, 2013 | December 31, | ||||||||
through the | 2012 | ||||||||
Pre-IPO | |||||||||
Transactions | |||||||||
Expected holding period | 0.25 years | 3 years | |||||||
Risk–free rate of return | 0.2 | % | 0.4 | % | |||||
Expected dividend yield | 0 | % | 0 | % | |||||
Expected volatility | 30 | % | 55 | % | |||||
Discount for lack of marketability | 20 | % | 20 | % | |||||
Equity-based compensation cost is recognized by amortizing the grant-date fair value of the equity-based awards, less estimated forfeitures, on a straight-line basis over the requisite service period of each award. During the years ended December 31, 2014, 2013 and 2012, approximately $8.8 million, $20.2 million and $6.4 million, respectively, of compensation cost was recognized of which approximately $8.8 million, $20.2 million and $4.4 million, respectively, is included in general and administrative expenses in the accompanying consolidated and combined statements of operations. During the year ended December 31, 2012, approximately $2.0 million of compensation cost is included in restructuring expenses in the accompanying consolidated and combined statement of operations, as this cost related to an executive separation payment as a result of the Company’s and HVM’s restructuring (see Note 14). | |||||||||
As of December 31, 2014, there was approximately $11.1 million of unrecognized compensation cost related to outstanding equity-based awards, which is expected to be recognized subsequent to December 31, 2014 over a weighted-average period of approximately 1.5 years. Total unrecognized compensation cost will be adjusted for actual forfeitures. | |||||||||
Restricted stock award and restricted stock unit (collectively, “RSA/RSU”) activity during the years ended December 31, 2014, 2013 and 2012, after taking into account the conversion of Profit Units issued under HVM’s management incentive plan on November 12, 2013, was as follows: | |||||||||
Number of | Weighted- | ||||||||
RSAs/RSUs | Average Grant- | ||||||||
(in thousands) | Date Fair | ||||||||
Value | |||||||||
per RSA/RSU(1) | |||||||||
Outstanding RSAs/RSUs—January 1, 2012 | 4,811 | $ | 5.83 | ||||||
RSAs/RSUs granted in 2012 | 1,349 | $ | 9.47 | ||||||
RSAs/RSUs settled in 2012 | (96 | ) | $ | 5.52 | |||||
RSAs/RSUs forfeited in 2012 | (1,248 | ) | $ | 5.62 | |||||
Outstanding RSAs/RSUs—December 31, 2012 | 4,816 | $ | 6.96 | ||||||
RSAs/RSUs granted in 2013 | 535 | $ | 21.89 | ||||||
RSAs/RSUs converted or accelerated in 2013 | (2,802 | ) | $ | 6.67 | |||||
RSAs/RSUs settled in 2013 | (96 | ) | $ | 6.67 | |||||
RSAs/RSUs forfeited in 2013 | (520 | ) | $ | 5.76 | |||||
Outstanding RSAs/RSUs—December 31, 2013 | 1,933 | $ | 12.02 | ||||||
RSAs/RSUs granted in 2014 | 135 | $ | 24.33 | ||||||
RSAs/RSUs settled in 2014 | (719 | ) | $ | 8.87 | |||||
RSAs/RSUs forfeited in 2014 | (278 | ) | $ | 8.38 | |||||
Outstanding RSAs/RSUs—December 31, 2014 | 1,071 | $ | 16.43 | ||||||
Vested RSAs/RSUs—December 31, 2014 | 131 | $ | 24.08 | ||||||
Nonvested RSAs/RSUs—December 31, 2014 | 940 | $ | 15.37 | ||||||
Vested RSAs/RSUs—December 31, 2013 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2013 | 1,933 | $ | 12.02 | ||||||
-1 | Valuation was performed contemporaneously with grants for the periods through the Pre-IPO Transactions. | ||||||||
In December 2010, HVM entered into agreements designed to incentivize and retain certain operations personnel whose duties included the oversight of multiple hotel properties. The agreements provide participants future payment upon a change of control transaction, generally defined as a sale of the Company or a substantial portion of its assets or operations. In connection with the Pre-IPO Transactions, ESA Management assumed this liability. In May 2014, ESA Management modified and settled the agreements with the majority of operations personnel, resulting in a gain of approximately $1.7 million for the year ended December 31, 2014, which is included as a component of general and administrative expenses in the accompanying consolidated statement of operations. As of December 31, 2014 and December 31, 2013, approximately $0.3 million and $4.2 million, respectively, are included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets related to the remaining outstanding agreements. | |||||||||
ESH REIT [Member] | |||||||||
Equity-Based Compensation | 14 | EQUITY-BASED COMPENSATION | |||||||
The Corporation and ESH REIT each maintain a long-term incentive plan (“LTIP”) under which the Corporation and ESH REIT may issue to eligible employees or directors restricted stock (i.e., Paired Share) awards, restricted stock units or other equity-based awards. The aggregate number of Paired Shares that may be made as awards under the LTIP’s shall not exceed 8.0 million, no more of which 4.0 million may be granted as incentive stock options. Each of the Corporation’s and ESH REIT’s LTIP has a share reserve of an equivalent number of shares of Corporation common stock and Class B common stock of ESH REIT, respectively. Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan which provided for HVM employees and members of Holdings’ and Strategies Holdings’ boards of managers awards of restricted limited liability interests (“Profit Units”) in Holdings and Strategies Holdings. | |||||||||
On November 12, 2013, holders of outstanding Profit Units received an aggregate distribution of cash of approximately $2.4 million from Holdings and all remaining outstanding Profit Units were converted into restricted stock awards. 80% of the restricted stock awards received in respect of the Profit Units were received with the same vesting schedules as the Profit Units and at their fair values. 20% of the restricted stock awards received in respect of the Profit Units were received with acceleration to their existing vesting schedules. As a result of this acceleration, ESH REIT incurred additional compensation cost of approximately $2.3 million during the year ended December 31, 2013. | |||||||||
Subsequent to the Offering, the fair value of equity-based awards on the date of grant is based on the closing price of a Paired Share on the date of grant. A portion of the grant date fair value is allocated to a share of common stock of the Corporation and a portion is allocated to a share of Class B common stock of ESH REIT. ESH REIT will have to pay more or less for a share of the Corporation common stock than it would have otherwise paid at the time of grant as the result of regular market changes in the value of a Paired Share between the time of grant and the time of settlement. | |||||||||
Although share-based compensation expense is recognized based on the closing price of a Paired Share on the grant date, the expense related to the portion of the grant date fair value with respect to a share of common stock of the Corporation is recorded as a payable due to the Corporation. Expense related to the portion of the grant date fair value with respect to a share of Class B common stock of ESH REIT is recorded as an increase to additional paid in capital within ESH REIT’s consolidated shareholders’ equity. An increase in the value allocated to a share of common stock of the Corporation due to market changes in the value of a Paired Share between the time of grant and the time of settlement is recorded as a distribution to the Corporation. A decrease in the value allocated to a share of common stock of the Corporation due to market changes in the value of a Paired Share between the time of grant and the time of settlement is recorded as additional paid in capital from the Corporation. | |||||||||
The Corporation accounts for awards issued under its LTIP in a manner similar to that of ESH REIT. For all LTIP awards granted by the Corporation after the Pre-IPO Transactions, ESH REIT will receive compensation for the fair value of the Class B shares on the date of issuance of such Class B shares by ESH REIT. As prescribed by the services agreement described in Note 11, ESH REIT and its subsidiaries reimburse the Corporation for expenses related to applicable employees or directors that participate in the Corporation’s LTIP. Such charges are included in general and administrative expenses in the accompanying consolidated statements of operations. | |||||||||
Prior to the Offering, the fair value of equity-based awards on the date of grant was estimated using the Black-Scholes Merton model, using various assumptions regarding (a) the expected holding period, (b) the risk-free rate of return, (c) expected dividend yield on the underlying units, (d) the expected volatility in the fair value of ESH REIT’s and ESH Strategies’ equity, and (e) a discount for lack of marketability, and was calculated based on the grant agreement terms, which included thresholds for internal rate of return and recovery of Holdings’ and Strategies Holdings’ members’ initial equity investments. | |||||||||
The expected holding period represented the period of time that the Profit Units were expected to be outstanding. The units were assumed to remain outstanding until ESH REIT and ESH Strategies experienced a change in control of ownership or an initial public offering. The risk-free rate of return for periods approximating the expected holding period of the units was based on the U.S. constant maturity treasuries yield in effect at the grant date. A dividend yield was assumed based on ESH REIT’s and ESH Strategies’ historical dividend rate. Because ESH REIT’s and ESH Strategies’ equity was privately held and was not traded in an active market, ESH REIT and ESH Strategies used the historical volatility of the share values of publicly traded companies within similar industries as ESH REIT and ESH Strategies as a surrogate for the expected volatility of equity. The discount for lack of marketability was calculated for each expected holding period using a put-option Black-Scholes Merton model. The key assumptions used for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 were as follows: | |||||||||
Period from | Year Ended | ||||||||
January 1, 2013 | December 31, | ||||||||
through the | 2012 | ||||||||
Pre-IPO | |||||||||
Transactions | |||||||||
Expected holding period | 0.25 years | 3 years | |||||||
Risk–free rate of return | 0.2 | % | 0.4 | % | |||||
Expected dividend yield | 0 | % | 0 | % | |||||
Expected volatility | 30 | % | 55 | % | |||||
Discount for lack of marketability | 20 | % | 20 | % | |||||
Equity-based compensation cost is recognized by amortizing the grant-date fair value of the equity-based awards, less estimated forfeitures, on a straight-line basis over the requisite service period of each award. During the years ended December 31, 2014, 2013 and 2012, approximately $2.0 million (which includes approximately $1.3 million paid or due to the Corporation), $6.6 million (which includes approximately $0.1 million paid to the Corporation), and $6.4 million, respectively, of compensation cost was recognized of which approximately $2.0 million, $6.6 million, and $4.4 million, respectively, is included in general and administrative expenses in the accompanying consolidated statements of operations. During the year ended December 31, 2012, approximately $2.0 million of compensation cost is included in restructuring expenses in the accompanying consolidated statement of operations, as this cost related to an executive separation payment as a result of ESH REIT’s and HVM’s restructuring (see Note 13). | |||||||||
As of December 31, 2014, there was approximately $1.1 million of unrecognized compensation cost related to outstanding equity-based awards, which is expected to be recognized subsequent to December 31, 2014 over a weighted-average period of approximately 1.0 years. Total unrecognized compensation cost will be adjusted for actual forfeitures. | |||||||||
Restricted stock award and restricted stock unit (collectively, “RSA/RSU”) activity during the years ended December 31, 2014, 2013 and 2012, after taking into account the conversion of Profit Units issued under HVM’s management incentive plan on November 12, 2013, was as follows: | |||||||||
Weighted- | |||||||||
Average | |||||||||
Number of | Grant-Date | ||||||||
RSAs/RSUs | Fair Value | ||||||||
(in thousands) | per RSA/RSU (1) | ||||||||
Outstanding RSAs/RSUs—January 1, 2012 | 4,811 | $ | 5.83 | ||||||
RSAs/RSUs granted in 2012 | 1,349 | $ | 9.47 | ||||||
RSAs/RSUs settled in 2012 | (96 | ) | $ | 5.52 | |||||
RSAs/RSUs forfeited in 2012 | (1,248 | ) | $ | 5.62 | |||||
Outstanding RSAs/RSUs—December 31, 2012 | 4,816 | $ | 6.96 | ||||||
RSAs/RSUs granted in 2013 | 185 | $ | 17.75 | ||||||
RSAs/RSUs converted or accelerated in 2013 | (2,802 | ) | $ | 6.67 | |||||
RSAs/RSUs settled in 2013 | (96 | ) | $ | 6.67 | |||||
RSAs/RSUs forfeited in 2013 | (520 | ) | $ | 5.76 | |||||
Outstanding RSAs/RSUs—December 31, 2013 | 1,583 | $ | 9.35 | ||||||
RSAs/RSUs granted in 2014 | 3 | $ | 23.14 | ||||||
RSAs/RSUs settled in 2014 | (712 | ) | $ | 8.74 | |||||
RSAs/RSUs forfeited in 2014 | (274 | ) | $ | 8.07 | |||||
Outstanding RSAs/RSUs—December 31, 2014 | 600 | $ | 10.38 | ||||||
Vested RSAs/RSUs—December 31, 2014 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2014 | 600 | $ | 10.38 | ||||||
Vested RSAs/RSUs—December 31, 2013 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2013 | 1,583 | $ | 9.35 | ||||||
-1 | Valuation was performed contemporaneously with grants for the periods through the Pre-IPO Transactions. | ||||||||
For the period from the Pre-IPO Transactions through December 31, 2014, the Corporation issued a total of 482,533 restricted stock (i.e., Paired Share) units, of which 11,218 were forfeited or settled, under which ESH REIT is a counterparty and will issue, and be compensated in cash for, 471,315 shares of Class B common stock of ESH REIT in future periods. |
Defined_Contribution_Benefit_P
Defined Contribution Benefit Plan | 12 Months Ended | |
Dec. 31, 2014 | ||
Defined Contribution Benefit Plan | 16 | DEFINED CONTRIBUTION BENEFIT PLAN |
HVM had a savings plan that qualified under Section 401(k) of the Code for all employees meeting the eligibility requirements of the plan, and the plan was transferred to ESA Management as part of the Pre-IPO Transactions. The plan has an employer-matching contribution of 50% of the first 6% of an employee’s contribution, which vests over an employee’s initial five-year service period. The plan also provides for contributions up to 100% of eligible employee pretax salary, subject to the Code’s annual deferral limit of $17,500 during 2014 and 2013 and $17,000 during 2012. Employer contributions, net of forfeitures, totaled approximately $1.6 million, $1.4 million and $0.9 million for the years ended December 31, 2014, 2013 and 2012, respectively. | ||
ESH REIT [Member] | ||
Defined Contribution Benefit Plan | 15 | DEFINED CONTRIBUTION BENEFIT PLAN |
HVM had a savings plan that qualified under Section 401(k) of the Code for all employees meeting the eligibility requirements of the plan, and the plan was transferred to ESA Management as part of the Pre-IPO Transactions. The plan has an employer-matching contribution of 50% of the first 6% of an employee’s contribution, which vests over an employee’s initial five-year service period. The plan also provides for contributions up to 100% of eligible employee pretax salary, subject to the Code’s annual deferral limit of $17,500 and $17,000 during 2013 and 2012, respectively. Employer contributions, net of forfeitures, totaled approximately $1.3 million and $0.9 million for the period January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, respectively. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |
Dec. 31, 2014 | ||
Related Party Transactions | 17 | RELATED PARTY TRANSACTIONS |
In 2013, an affiliate of the Company’s Sponsors purchased approximately 794,000 Paired Shares as an underwriter in connection with the Offering and earned approximately $1.0 million in fees related to the transaction. | ||
Investment funds of the Sponsors held 21,105 shares of the Corporation’s outstanding mandatorily redeemable preferred stock as of December 31, 2014 and 2013. Additionally, investment funds of the Sponsors held approximately $37.2 million of the 2012 Mezzanine Loans as of December 31, 2013. | ||
ESH REIT [Member] | ||
Related Party Transactions | 11 | RELATED PARTY TRANSACTIONS |
Shared Overhead Costs—Subsequent to the Pre-IPO Transactions, ESA Management incurs costs under a services agreement with ESH REIT and other related entities for certain overhead services performed on their behalf. The services relate to executive management (including the Chief Executive Officer, Chief Financial Officer and General Counsel), accounting, financial analysis, training and technology. For the year ended December 31, 2014 and for the period from the Pre-IPO Transactions through December 31, 2013, ESH REIT incurred expenses of approximately $7.3 million and $1.1 million, respectively, related to these shared costs, which are included in general and administrative expenses in the accompanying consolidated statements of operations. | ||
Trademark Fees—ESH Strategies is the owner of the trademarks, “Extended Stay America,” “Crossland Economy Studios,” and “Hometown Inn” (prior to their sale on July 28, 2014) and prior to the Pre-IPO Transactions, licensed the use of the trademarks to ESH REIT’s taxable REIT subsidiaries, the Operating Lessees. The agreements provided for a trademark fee of 0.3% of revenues. Trademark fees under these agreements, which are included in the accompanying consolidated statements of operations prior to the Pre-IPO Transactions, were approximately $3.0 million for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012. | ||
Working Capital—As of December 31, 2014 and 2013, ESH REIT had an outstanding net receivable of approximately $1.2 million and $25.8 million, respectively, due from the Corporation and its subsidiaries. As of December 31, 2014, this amount included a receivable due from the Operating Lessees, consisting of certain disbursements made on their behalf, offset by a payable due to ESA Management, consisting of certain disbursements made on behalf of ESH REIT in the ordinary course of business. As of December 31, 2013, this amount included a receivable due from the Corporation and its subsidiaries outstanding at the time of the Pre-IPO Transactions, which accrued interest at 5.0% per annum, offset by a payable due to the Corporation and its subsidiaries, consisting of certain disbursements made by ESA Management on behalf of ESH REIT in the ordinary course of business, which originated subsequent to the Pre-IPO Transactions. All outstanding balances are repaid within 60 days. | ||
Operating Leases—ESH REIT recognizes fixed rental revenue with respect to the operating leases on a straight-line basis. Fixed rental revenues of approximately $494.0 million and $67.2 million were recognized for the year ended December 31, 2014 and for the period from the Pre-IPO Transactions through December 31, 2013, respectively. Approximately $30.9 million and $3.6 million is recorded as deferred rent receivable in the accompanying consolidated balance sheets as of December 31, 2014 and 2013, respectively. Deferred rent receivable is expected to be received in cash by October 2018. | ||
ESH REIT also recognized approximately $190.2 million and $4.7 million of percentage rental revenue for the year ended December 31, 2014 and the period from the Pre-IPO Transactions through December 31, 2013, respectively. Approximately $2.0 million and $1.0 million of percentage rent was outstanding and included as rent receivable on the accompanying consolidated balance sheets as of December 31, 2014 and 2013, respectively. As of December 31, 2014 and 2013, because all percentage rental revenue thresholds had been achieved for the year, no unearned contingent rental revenue existed. | ||
As of December 31, 2014 and 2013, ESH REIT recorded unearned rental revenue related to prepaid fixed rents of approximately $28.1 million and $38.8 million, respectively, which related to January 2015 and January 2014 fixed rent payments, respectively. | ||
Distributions—Subsequent to the Pre-IPO Transactions, the Corporation owns all of the Class A common stock of ESH REIT, which represents approximately 55% of the outstanding shares of common stock of ESH REIT. Therefore, approximately 55% of ESH REIT’s distributions are paid to the Corporation. Distributions of approximately $132.7 million were made from ESH REIT to the Corporation in respect of the Class A common stock of ESH REIT for the year ended December 31, 2014. | ||
Other—In 2013, an affiliate of ESH REIT’s Sponsors purchased approximately 794,000 Paired Shares as an underwriter in connection with the Offering and earned approximately $1.0 million in fees related to the transaction. | ||
Investment funds of the Sponsors held approximately $37.2 million of the 2012 Mezzanine Loans as of December 31, 2013. |
Subsequent_Events
Subsequent Events | 12 Months Ended | |
Dec. 31, 2014 | ||
Subsequent Events | 18 | SUBSEQUENT EVENTS |
On February 26, 2015, the Board of Directors of ESH REIT declared a cash distribution of $0.15 per share for the fourth quarter of 2014 on its Class A and Class B common stock. The distribution is payable on March 26, 2015 to shareholders of record as of March 12, 2015. | ||
ESH REIT [Member] | ||
Subsequent Events | 16 | SUBSEQUENT EVENTS |
On February 26, 2015, the Board of Directors of ESH REIT declared a cash distribution of $0.15 per share for the fourth quarter of 2014 on its Class A and Class B common stock. The distribution is payable on March 26, 2015 to shareholders of record as of March 12, 2015. |
Schedule_IIIReal_Estate_and_Ac
Schedule III-Real Estate and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule III-Real Estate and Accumulated Depreciation | Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(dollars in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Initial Cost | Cost Capitalized Subsequent to | Gross Amount Carried at | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition (1) | 31-Dec-14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description | Location | Encumbrances | Land and | Building and | FF&E | Land and | Building and | FF&E | Land and | Building and | FF&E | Total (2) | Accumulated | Date | Date of | Depreciable | |||||||||||||||||||||||||||||||||||||||||||||||
Improvements | Improvements | Improvements | Improvements | Improvements | Improvements | Depreciation | Acquired | Construction | Lives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Years) (3) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hotel Properties: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Anchorage — Downtown | Anchorage, AK | (4 | ) | $ | 723 | $ | 8,791 | $ | 137 | $ | 64 | $ | 632 | $ | 897 | $ | 787 | $ | 9,423 | $ | 1,034 | $ | 11,244 | $ | (1,597 | ) | 10/8/10 | 2003 | 43 | ||||||||||||||||||||||||||||||||||
Anchorage — Midtown | Anchorage, AK | (4 | ) | 2,600 | 20,740 | 240 | 56 | 657 | 1,260 | 2,656 | 21,397 | 1,500 | 25,553 | (3,018 | ) | 10/8/10 | 2004 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
Fairbanks — Old Airport Way | Fairbanks , AK | (4 | ) | 2,978 | 12,016 | 98 | 82 | 470 | 784 | 3,060 | 12,486 | 882 | 16,428 | (2,039 | ) | 10/8/10 | 2001 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Juneau — Shell Simmons Drive | Juneau, AK | (4 | ) | 2,979 | 12,135 | 132 | 72 | 546 | 790 | 3,051 | 12,681 | 922 | 16,654 | (2,021 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Birmingham — Inverness | Birmingham, AL | (4 | ) | 359 | 688 | 33 | 29 | 79 | 323 | 388 | 767 | 356 | 1,511 | (293 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Birmingham — Perimeter Park South | Birmingham, AL | (4 | ) | 1,737 | 3,218 | 53 | 48 | 227 | 389 | 1,785 | 3,445 | 442 | 5,672 | (734 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Birmingham — Wildwood | Birmingham, AL | (4 | ) | 385 | 1,890 | 33 | 87 | 103 | 407 | 472 | 1,993 | 440 | 2,905 | (512 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Huntsville — U.S. Space and Rocket Center | Huntsville, AL | (4 | ) | 770 | 5,385 | 39 | 59 | 148 | 285 | 829 | 5,533 | 324 | 6,686 | (988 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Mobile — Spring Hill | Mobile, AL | (4 | ) | 1,185 | 7,479 | 41 | 66 | 208 | 254 | 1,251 | 7,687 | 295 | 9,233 | (1,269 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Montgomery — Carmichael Rd. | Montgomery, AL | (4 | ) | 1,045 | — | 35 | 85 | 92 | 222 | 1,130 | 92 | 257 | 1,479 | (266 | ) | 10/8/10 | 1996 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Montgomery — Eastern Blvd. | Montgomery, AL | (4 | ) | 600 | 4,231 | 44 | 61 | 299 | 650 | 661 | 4,530 | 694 | 5,885 | (1,128 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Little Rock — West | Little Rock, AR | (4 | ) | 1,630 | 2,916 | 46 | 50 | 128 | 341 | 1,680 | 3,044 | 387 | 5,111 | (613 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Little Rock — West Little Rock | Little Rock, AR | (4 | ) | 1,708 | 1,931 | 39 | 58 | 140 | 326 | 1,766 | 2,071 | 365 | 4,202 | (519 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Fayetteville — Springdale | Springdale, AR | (4 | ) | 1,460 | — | 55 | 95 | 329 | 406 | 1,555 | 329 | 461 | 2,345 | (313 | ) | 10/8/10 | 2001 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Mesa | Mesa, AZ | (4 | ) | 1,098 | 2,347 | 38 | 83 | 108 | 399 | 1,181 | 2,455 | 437 | 4,073 | (550 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Mesa | Mesa, AZ | (4 | ) | 1,305 | 2,589 | 44 | 69 | 188 | 426 | 1,374 | 2,777 | 470 | 4,621 | (628 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Peoria | Peoria, AZ | (4 | ) | 1,229 | 3,741 | 38 | 46 | 375 | 637 | 1,275 | 4,116 | 675 | 6,066 | (661 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Airport | Phoenix, AZ | (4 | ) | 1,764 | 408 | 38 | 53 | 449 | 560 | 1,817 | 857 | 598 | 3,272 | (668 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Airport — E. Oak St. | Phoenix, AZ | (4 | ) | 1,623 | 1,109 | 57 | 49 | 144 | 476 | 1,672 | 1,253 | 533 | 3,458 | (515 | ) | 10/8/10 | 1997 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Biltmore | Phoenix, AZ | (4 | ) | 1,191 | 1,372 | 50 | 87 | 567 | 974 | 1,278 | 1,939 | 1,024 | 4,241 | (526 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Chandler | Phoenix, AZ | (4 | ) | 1,130 | 2,983 | 39 | 54 | 422 | 665 | 1,184 | 3,405 | 704 | 5,293 | (617 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Chandler — E. Chandler Blvd. | Phoenix, AZ | (4 | ) | 1,745 | 3,307 | 49 | 91 | 587 | 1,117 | 1,836 | 3,894 | 1,166 | 6,896 | (783 | ) | 10/8/10 | 1998 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Deer Valley | Phoenix, AZ | (4 | ) | 945 | 2,092 | 39 | 52 | 417 | 840 | 997 | 2,509 | 879 | 4,385 | (569 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Metro — Black Canyon Highway | Phoenix, AZ | (4 | ) | 1,378 | 1,610 | 49 | 144 | 154 | 547 | 1,522 | 1,764 | 596 | 3,882 | (617 | ) | 10/8/10 | 1998 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Metro — Dunlap Ave. | Phoenix, AZ | (4 | ) | 2,071 | — | 44 | 56 | 95 | 319 | 2,127 | 95 | 363 | 2,585 | (231 | ) | 10/8/10 | 1996 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Midtown | Phoenix, AZ | (4 | ) | 1,195 | 3,918 | 59 | 63 | 714 | 1,244 | 1,258 | 4,632 | 1,303 | 7,193 | (955 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — West | Phoenix, AZ | (4 | ) | 1,951 | — | 44 | 48 | 160 | 315 | 1,999 | 160 | 359 | 2,518 | (335 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Scottsdale | Scottsdale, AZ | (4 | ) | 1,655 | 3,691 | 46 | 83 | 464 | 961 | 1,738 | 4,155 | 1,007 | 6,900 | (752 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Scottsdale — North | Scottsdale, AZ | (4 | ) | 1,476 | 4,266 | 43 | 42 | 533 | 758 | 1,518 | 4,799 | 801 | 7,118 | (853 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Scottsdale — Old Town | Scottsdale, AZ | (4 | ) | 1,605 | 2,564 | 43 | 69 | 520 | 770 | 1,674 | 3,084 | 813 | 5,571 | (1,099 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Phoenix — Airport — Tempe | Tempe, AZ | (4 | ) | 1,228 | 3,249 | 46 | 45 | 230 | 388 | 1,273 | 3,479 | 434 | 5,186 | (701 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Tucson — Butterfield Drive | Tucson, AZ | (4 | ) | 1,133 | 1,098 | 39 | 22 | 42 | 271 | 1,155 | 1,140 | 310 | 2,605 | (415 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Tucson — Grant Road | Tucson, AZ | (4 | ) | 1,780 | 5,364 | 43 | 54 | 96 | 375 | 1,834 | 5,460 | 418 | 7,712 | (987 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Oakland — Alameda | Alameda, CA | (4 | ) | 5,165 | 9,134 | 57 | 61 | 559 | 748 | 5,226 | 9,693 | 805 | 15,724 | (1,703 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Oakland — Alameda Airport | Alameda, CA | (4 | ) | 3,197 | 3,067 | 55 | 45 | 585 | 896 | 3,242 | 3,652 | 951 | 7,845 | (865 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Santa Clara | Alviso, CA | (4 | ) | 5,036 | 2,681 | 64 | 109 | 403 | 523 | 5,145 | 3,084 | 587 | 8,816 | (867 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Anaheim Convention Center | Anaheim, CA | (4 | ) | 4,439 | 3,574 | 73 | 71 | 568 | 821 | 4,510 | 4,142 | 894 | 9,546 | (1,153 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County —Anaheim Hills | Anaheim, CA | (4 | ) | 4,779 | 2,040 | 98 | 43 | 587 | 684 | 4,822 | 2,627 | 782 | 8,231 | (856 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles – Arcadia | Arcadia, CA | (4 | ) | 4,577 | 3,647 | 45 | 78 | 537 | 843 | 4,655 | 4,184 | 888 | 9,727 | (987 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Bakersfield — California Avenue | Bakersfield, CA | (4 | ) | 1,186 | 2,153 | 43 | 79 | 575 | 772 | 1,265 | 2,728 | 815 | 4,808 | (874 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Bakersfield — Chester Lane | Bakersfield, CA | (4 | ) | 1,002 | 4,514 | 142 | 53 | 382 | 573 | 1,055 | 4,896 | 715 | 6,666 | (860 | ) | 10/8/10 | 2005 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
San Francisco — Belmont | Belmont, CA | (4 | ) | 2,910 | 7,236 | 103 | 51 | 349 | 594 | 2,961 | 7,585 | 697 | 11,243 | (1,316 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Brea | Brea, CA | (4 | ) | 5,199 | 4,778 | 50 | 87 | 841 | 995 | 5,286 | 5,619 | 1,045 | 11,950 | (1,534 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Burbank Airport | Burbank, CA | (4 | ) | 6,120 | 9,690 | 106 | 51 | 632 | 882 | 6,171 | 10,322 | 988 | 17,481 | (1,663 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Carlsbad Village by the Sea | Carlsbad, CA | (4 | ) | 4,783 | 7,618 | 96 | 65 | 427 | 662 | 4,848 | 8,045 | 758 | 13,651 | (1,440 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Carson | Carson, CA | (4 | ) | 5,430 | 2,173 | 138 | 89 | 328 | 505 | 5,519 | 2,501 | 643 | 8,663 | (802 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Chino Valley | Chino, CA | (4 | ) | 1,288 | 3,297 | 108 | 35 | 383 | 779 | 1,323 | 3,680 | 887 | 5,890 | (1,001 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Cypress | Cypress, CA | (4 | ) | 5,543 | 4,484 | 59 | 54 | 619 | 912 | 5,597 | 5,103 | 971 | 11,671 | (1,136 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Dublin — Hacienda Dr. | Dublin, CA | (4 | ) | 3,377 | 4,243 | 52 | 74 | 416 | 617 | 3,451 | 4,659 | 669 | 8,779 | (1,054 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — LAX Airport — El Segundo | El Segundo, CA | (4 | ) | 9,922 | 5,598 | 68 | 123 | 694 | 928 | 10,045 | 6,292 | 996 | 17,333 | (1,434 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Elk Grove | Elk Grove, CA | (4 | ) | 941 | 2,290 | 89 | 48 | 380 | 558 | 989 | 2,670 | 647 | 4,306 | (589 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Fairfield — Napa Valley | Fairfield, CA | (4 | ) | 1,490 | 6,066 | 135 | 39 | 328 | 621 | 1,529 | 6,394 | 756 | 8,679 | (1,019 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Fremont — Fremont Blvd. South | Fremont, CA | (4 | ) | 2,928 | 5,364 | 56 | 92 | 509 | 884 | 3,020 | 5,873 | 940 | 9,833 | (1,425 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Fremont — Newark | Fremont, CA | (4 | ) | 7,370 | 6,048 | 101 | 276 | 1,023 | 1,351 | 7,646 | 7,071 | 1,452 | 16,169 | (1,751 | ) | 10/8/10 | 1999 | 38-41 | |||||||||||||||||||||||||||||||||||||||||||||
Fremont — Warm Springs | Fremont, CA | (4 | ) | 5,114 | 1,271 | 58 | 65 | 465 | 585 | 5,179 | 1,736 | 643 | 7,558 | (732 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Fresno — North | Fresno, CA | (4 | ) | 1,988 | 6,753 | 43 | 60 | 498 | 588 | 2,048 | 7,251 | 631 | 9,930 | (1,400 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Fresno — West | Fresno, CA | (4 | ) | 1,231 | 1,867 | 42 | 15 | 92 | 276 | 1,246 | 1,959 | 318 | 3,523 | (565 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — South | Gardena, CA | (4 | ) | 3,977 | 3,909 | 51 | 77 | 574 | 849 | 4,054 | 4,483 | 900 | 9,437 | (1,253 | ) | 10/8/10 | 1998 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Glendale | Glendale, CA | (4 | ) | 4,689 | 5,746 | 55 | 38 | 376 | 681 | 4,727 | 6,122 | 736 | 11,585 | (1,109 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Huntington Beach | Huntington Beach, CA | (4 | ) | 4,499 | 5,131 | 38 | 45 | 569 | 664 | 4,544 | 5,700 | 702 | 10,946 | (976 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Irvine Spectrum | Irvine, CA | (4 | ) | 7,355 | 5,703 | 54 | 100 | 677 | 965 | 7,455 | 6,380 | 1,019 | 14,854 | (1,382 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — La Mirada | La Mirada, CA | (4 | ) | 3,681 | 2,557 | 39 | 61 | 508 | 754 | 3,742 | 3,065 | 793 | 7,600 | (725 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Lake Forest | Lake Forest, CA | (4 | ) | 5,530 | 2,182 | 43 | 79 | 531 | 655 | 5,609 | 2,713 | 698 | 9,020 | (862 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Livermore — Airway Blvd. | Livermore, CA | (4 | ) | 2,553 | 3,576 | 44 | 43 | 528 | 784 | 2,596 | 4,104 | 828 | 7,528 | (806 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Long Beach Airport | Long Beach, CA | (4 | ) | 5,626 | 6,872 | 47 | 82 | 550 | 696 | 5,708 | 7,422 | 743 | 13,873 | (1,418 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — LAX Airport | Los Angeles, CA | (4 | ) | 4,770 | 7,879 | 56 | 59 | 571 | 816 | 4,829 | 8,450 | 872 | 14,151 | (1,445 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Milpitas | Milpitas, CA | (4 | ) | 6,602 | 4,064 | 51 | 182 | 576 | 902 | 6,784 | 4,640 | 953 | 12,377 | (1,082 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Milpitas — McCarthy Ranch | Milpitas, CA | (4 | ) | 6,844 | 7,392 | 57 | 102 | 889 | 1,204 | 6,946 | 8,281 | 1,261 | 16,488 | (1,990 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Monrovia | Monrovia, CA | (4 | ) | 3,884 | 4,929 | 57 | 91 | 697 | 872 | 3,975 | 5,626 | 929 | 10,530 | (1,140 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Morgan Hill | Morgan Hill, CA | (4 | ) | 4,283 | 2,018 | 36 | 44 | 520 | 712 | 4,327 | 2,538 | 748 | 7,613 | (612 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Mountain View | Mountain View, CA | (4 | ) | 6,657 | 4,458 | 47 | 77 | 492 | 905 | 6,734 | 4,950 | 952 | 12,636 | (1,344 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — John Wayne Airport | Newport Beach, CA | (4 | ) | 6,881 | 10,663 | 98 | 53 | 551 | 746 | 6,934 | 11,214 | 844 | 18,992 | (1,878 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Northridge | Northridge, CA | (4 | ) | 5,167 | 5,391 | 163 | 99 | 409 | 704 | 5,266 | 5,800 | 867 | 11,933 | (1,065 | ) | 10/8/10 | 2005 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
Oakland — Emeryville | Oakland, CA | (4 | ) | 3,927 | 9,132 | 117 | 108 | 471 | 763 | 4,035 | 9,603 | 880 | 14,518 | (1,682 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Oceanside | Oceanside, CA | (4 | ) | 4,271 | 5,999 | 43 | 79 | 482 | 728 | 4,350 | 6,481 | 771 | 11,602 | (1,130 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Ontario Airport | Ontario, CA | (4 | ) | 1,639 | 6,138 | 46 | 75 | 649 | 728 | 1,714 | 6,787 | 774 | 9,275 | (1,359 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Katella Ave. | Orange, CA | (4 | ) | 3,976 | 5,704 | 74 | 45 | 644 | 689 | 4,021 | 6,348 | 763 | 11,132 | (1,326 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Palm Springs — Airport | Palm Springs, CA | (4 | ) | 1,955 | 3,506 | 98 | 84 | 445 | 717 | 2,039 | 3,951 | 815 | 6,805 | (948 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Pleasant Hill — Buskirk Ave. | Pleasant Hill, CA | (4 | ) | 3,786 | 7,754 | 44 | 89 | 434 | 705 | 3,875 | 8,188 | 749 | 12,812 | (1,457 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Pleasanton — Chabot Dr. | Pleasanton, CA | (4 | ) | 3,039 | 5,910 | 55 | 58 | 646 | 830 | 3,097 | 6,556 | 885 | 10,538 | (1,419 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Point East Dr. | Rancho Cordova, CA | (4 | ) | 1,313 | 577 | 45 | 14 | 110 | 319 | 1,327 | 687 | 364 | 2,378 | (365 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — White Rock Rd. | Rancho Cordova, CA | (4 | ) | 1,301 | 2,717 | 47 | 79 | 599 | 786 | 1,380 | 3,316 | 833 | 5,529 | (836 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Richmond — Hilltop Mall | Richmond, CA | (4 | ) | 2,232 | 4,124 | 51 | 53 | 263 | 612 | 2,285 | 4,387 | 663 | 7,335 | (970 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Roseville | Roseville, CA | (4 | ) | 1,125 | 5,233 | 45 | 100 | 494 | 750 | 1,225 | 5,727 | 795 | 7,747 | (989 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Arden Way | Sacramento, CA | (4 | ) | 888 | 2,349 | 45 | 137 | 281 | 638 | 1,025 | 2,630 | 683 | 4,338 | (881 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Northgate | Sacramento, CA | (4 | ) | 932 | 2,359 | 44 | 235 | 414 | 654 | 1,167 | 2,773 | 698 | 4,638 | (886 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — South Natomas | Sacramento, CA | (4 | ) | 1,460 | 823 | 51 | 73 | 700 | 955 | 1,533 | 1,523 | 1,006 | 4,062 | (589 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
San Francisco — San Carlos | San Carlos, CA | (4 | ) | 4,233 | 5,299 | 49 | 67 | 486 | 809 | 4,300 | 5,785 | 858 | 10,943 | (1,297 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Hotel Circle | San Diego, CA | (4 | ) | 6,893 | 9,935 | 68 | 117 | 811 | 1,245 | 7,010 | 10,746 | 1,313 | 19,069 | (2,072 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Mission Valley — Stadium | San Diego, CA | (4 | ) | 6,978 | 1,797 | 85 | 33 | 479 | 654 | 7,011 | 2,276 | 739 | 10,026 | (827 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Mission Valley | San Diego, CA | (4 | ) | 5,371 | 5,639 | 49 | 103 | 707 | 1,127 | 5,474 | 6,346 | 1,176 | 12,996 | (1,684 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — San Dimas | San Dimas, CA | (4 | ) | 4,736 | 991 | 42 | 47 | 512 | 626 | 4,783 | 1,503 | 668 | 6,954 | (750 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Airport | San Jose, CA | (4 | ) | 8,118 | 5,912 | 75 | 97 | 778 | 1,061 | 8,215 | 6,690 | 1,136 | 16,041 | (1,625 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Downtown | San Jose, CA | (4 | ) | 6,480 | 6,070 | 53 | 82 | 762 | 1,042 | 6,562 | 6,832 | 1,095 | 14,489 | (1,632 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose Edenvale— North | San Jose, CA | (4 | ) | 5,087 | 3,649 | 56 | 26 | 471 | 674 | 5,113 | 4,120 | 730 | 9,963 | (1,050 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose Edenvale— South | San Jose, CA | (4 | ) | 5,359 | 3,832 | 83 | 69 | 476 | 832 | 5,428 | 4,308 | 915 | 10,651 | (962 | ) | 10/8/10 | 2000 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
San Francisco — San Mateo — SFO | San Mateo, CA | (4 | ) | 7,369 | 6,704 | 50 | 54 | 538 | 893 | 7,423 | 7,242 | 943 | 15,608 | (1,660 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
San Rafael — Francisco Blvd. East | San Rafael, CA | (4 | ) | 3,129 | 13,822 | 378 | 68 | 470 | 665 | 3,197 | 14,292 | 1,043 | 18,532 | (1,841 | ) | 10/8/10 | 2007 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
San Ramon — Bishop Ranch — East | San Ramon, CA | (4 | ) | 3,721 | 5,226 | 59 | 59 | 405 | 683 | 3,780 | 5,631 | 742 | 10,153 | (1,218 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
San Ramon — Bishop Ranch – West | San Ramon, CA | (4 | ) | 3,098 | 2,886 | 55 | 69 | 558 | 1,041 | 3,167 | 3,444 | 1,096 | 7,707 | (1,212 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Santa Barbara — Calle Real | Santa Barbara, CA | (4 | ) | 3,301 | 8,709 | 41 | 92 | 534 | 552 | 3,393 | 9,243 | 593 | 13,229 | (1,569 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Santa Rosa — North | Santa Rosa, CA | (4 | ) | 3,053 | 6,086 | 46 | 60 | 270 | 501 | 3,113 | 6,356 | 547 | 10,016 | (1,075 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Santa Rosa — South | Santa Rosa, CA | (4 | ) | 1,592 | 4,998 | 41 | 43 | 365 | 729 | 1,635 | 5,363 | 770 | 7,768 | (1,170 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Simi Valley | Simi Valley, CA | (4 | ) | 3,088 | 7,175 | 113 | 69 | 481 | 635 | 3,157 | 7,656 | 748 | 11,561 | (1,394 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
San Diego — Sorrento Mesa | Sorrento Mesa, CA | (4 | ) | 6,441 | 6,020 | 49 | 169 | 472 | 884 | 6,610 | 6,492 | 933 | 14,035 | (1,589 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Valencia | Stevenson Ranch, CA | (4 | ) | 9,414 | — | 20 | 59 | 519 | 637 | 9,473 | 519 | 657 | 10,649 | (522 | ) | 10/8/10 | 2000 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Stockton — March Lane | Stockton, CA | (4 | ) | 2,299 | 3,558 | 55 | 106 | 316 | 561 | 2,405 | 3,874 | 616 | 6,895 | (871 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
San Jose — Sunnyvale | Sunnyvale, CA | (4 | ) | 6,051 | 5,019 | 50 | 36 | 591 | 947 | 6,087 | 5,610 | 997 | 12,694 | (1,472 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Temecula — Wine Country | Temecula, CA | (4 | ) | 1,489 | 8,153 | 79 | 67 | 478 | 758 | 1,556 | 8,631 | 837 | 11,024 | (1,537 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Torrance — Del Amo Circle | Torrance , CA | (4 | ) | 5,953 | 4,361 | 78 | 73 | 572 | 1,005 | 6,026 | 4,933 | 1,083 | 12,042 | (1,183 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Torrance | Torrance, CA | (4 | ) | 3,761 | 6,296 | 43 | 53 | 683 | 699 | 3,814 | 6,979 | 742 | 11,535 | (1,378 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Torrance Harbor Gateway | Torrance, CA | (4 | ) | 4,625 | 4,747 | 49 | 125 | 526 | 636 | 4,750 | 5,273 | 685 | 10,708 | (1,158 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Stockton — Tracy | Tracy, CA | (4 | ) | 2,344 | 3,434 | 96 | 70 | 294 | 578 | 2,414 | 3,728 | 674 | 6,816 | (870 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Union City — Dyer St. | Union City, CA | (4 | ) | 2,907 | 6,359 | 51 | 155 | 581 | 802 | 3,062 | 6,940 | 853 | 10,855 | (1,323 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — Vacaville | Vacaville, CA | (4 | ) | 809 | 3,179 | 76 | 64 | 423 | 617 | 873 | 3,602 | 693 | 5,168 | (695 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Sacramento — West Sacramento | West Sacramento, CA | (4 | ) | 1,292 | 3,395 | 134 | 58 | 337 | 614 | 1,350 | 3,732 | 748 | 5,830 | (747 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Los Angeles — Woodland Hills | Woodland Hills , CA | (4 | ) | 5,452 | 7,561 | 69 | 53 | 581 | 923 | 5,505 | 8,142 | 992 | 14,639 | (1,458 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Orange County — Yorba Linda | Yorba Linda, CA | (4 | ) | 3,443 | 42,020 | 106 | 51 | 461 | 628 | 3,494 | 2,481 | 734 | 6,709 | (828 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Airport — Aurora | Aurora, CO | (4 | ) | 1,645 | 917 | 43 | 12 | 85 | 174 | 1,657 | 1,002 | 217 | 2,876 | (318 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Aurora | Aurora, CO | (4 | ) | 2,415 | 2,958 | 48 | 60 | 336 | 460 | 2,475 | 3,294 | 508 | 6,277 | (664 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Aurora | Aurora, CO | (4 | ) | 2,706 | 6,047 | 65 | 95 | 856 | 847 | 2,801 | 6,903 | 912 | 10,616 | (1,033 | ) | 10/8/10 | 1997 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Colorado Springs — Airport | Colorado Springs, CO | (4 | ) | 2,134 | 1,870 | 43 | 67 | 108 | 322 | 2,201 | 1,978 | 365 | 4,544 | (618 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Colorado Springs — West | Colorado Springs, CO | (4 | ) | 3,338 | 1,325 | 41 | 91 | 112 | 248 | 3,429 | 1,437 | 289 | 5,155 | (391 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Tech Center — North | Denver, CO | (4 | ) | 2,365 | 649 | 49 | 93 | 860 | 1,169 | 2,458 | 1,509 | 1,218 | 5,185 | (627 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Tech Center South | Englewood, CO | (4 | ) | 1,714 | 978 | 46 | 90 | (47 | ) | 238 | 1,804 | 931 | 284 | 3,019 | (339 | ) | 10/8/10 | 1998 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Denver — Tech Center South — Inverness | Englewood, CO | (4 | ) | 2,941 | 1,340 | 46 | 140 | (116 | ) | 349 | 3,081 | 1,224 | 395 | 4,700 | (466 | ) | 10/8/10 | 1997 | 32 | ||||||||||||||||||||||||||||||||||||||||||||
Denver — Cherry Creek | Glendale, CO | (4 | ) | 1,619 | 2,410 | 42 | 15 | 102 | 233 | 1,634 | 2,512 | 275 | 4,421 | (661 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Cherry Creek | Glendale, CO | (4 | ) | 1,856 | 2,713 | 40 | 119 | 670 | 799 | 1,975 | 3,383 | 839 | 6,197 | (749 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Tech Center — Central | Greenwood Village, CO | (4 | ) | 2,392 | 1,286 | 51 | 90 | 981 | 1,169 | 2,482 | 2,267 | 1,220 | 5,969 | (757 | ) | 10/8/10 | 1997 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Tech Center South — Greenwood Village | Greenwood Village, CO | (4 | ) | 1,767 | 2,278 | 110 | 116 | (34 | ) | 317 | 1,883 | 2,244 | 427 | 4,554 | (561 | ) | 10/8/10 | 2003 | 44 | ||||||||||||||||||||||||||||||||||||||||||||
Denver — Lakewood South | Lakewood, CO | (4 | ) | 2,338 | 3,348 | 43 | 60 | 540 | 781 | 2,398 | 3,888 | 824 | 7,110 | (856 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Lakewood West | Lakewood, CO | (4 | ) | 1,939 | 1,031 | 46 | 79 | 409 | 420 | 2,018 | 1,440 | 466 | 3,924 | (439 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Park Meadows | Lone Tree, CO | (4 | ) | 1,578 | 3,467 | 78 | 99 | 454 | 709 | 1,677 | 3,921 | 787 | 6,385 | (777 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Thornton | Thornton, CO | (4 | ) | 1,874 | 1,238 | 46 | 20 | 124 | 413 | 1,894 | 1,362 | 459 | 3,715 | (530 | ) | 10/8/10 | 1999 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Denver — Westminster | Westminster, CO | (4 | ) | 2,779 | 4,683 | 49 | 127 | 459 | 667 | 2,906 | 5,142 | 716 | 8,764 | (905 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Hartford — Farmington | Farmington, CT | (4 | ) | 1,080 | 6,003 | 65 | 70 | 151 | 342 | 1,150 | 6,154 | 407 | 7,711 | (938 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Hartford — Manchester | Manchester, CT | (4 | ) | 1,002 | 6,723 | 67 | 58 | 527 | 692 | 1,060 | 7,250 | 759 | 9,069 | (1,291 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Hartford — Meriden | Meriden, CT | (4 | ) | 687 | 6,207 | 81 | 67 | 414 | 710 | 754 | 6,621 | 791 | 8,166 | (1,244 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Norwalk — Stamford | Norwalk, CT | (4 | ) | 2,866 | 12,533 | 64 | 74 | 758 | 1,011 | 2,940 | 13,291 | 1,075 | 17,306 | (2,311 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Shelton — Fairfield County | Shelton, CT | (4 | ) | 2,001 | 11,314 | 60 | 64 | 850 | 1,049 | 2,065 | 12,164 | 1,109 | 15,338 | (2,193 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Ottawa | Ottawa, ON, Canada | (4 | ) | 993 | 34,014 | — | 47 | (4,799 | ) | — | 1,040 | 29,215 | — | 30,255 | (3,105 | ) | 10/8/10 | 1959 | 49 | ||||||||||||||||||||||||||||||||||||||||||||
St. John’s — Downtown | St. John’s, Newfoundland, | (4 | ) | 672 | 9,636 | — | 7 | (796 | ) | — | 679 | 8,840 | — | 9,519 | (1,216 | ) | 10/8/10 | 1966 | 44 | ||||||||||||||||||||||||||||||||||||||||||||
Canada | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Toronto — Vaughan | Vaughan Ontario, | (4 | ) | 11,047 | 16,011 | — | 142 | (1,298 | ) | — | 11,189 | 14,713 | — | 25,902 | (2,903 | ) | 10/8/10 | 1990 | 30 | ||||||||||||||||||||||||||||||||||||||||||||
Canada | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Newark — Christiana — Wilmington | Newark, DE | (4 | ) | 1,473 | 7,617 | 61 | 108 | 717 | 918 | 1,581 | 8,334 | 979 | 10,894 | (1,417 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Altamonte Springs | Altamonte Springs, FL | (4 | ) | 5,421 | — | 25 | 79 | 191 | 319 | 5,500 | 191 | 344 | 6,035 | (251 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Boca Raton — Commerce | Boca Raton, FL | (4 | ) | 5,920 | 3,219 | 56 | 67 | 926 | 901 | 5,987 | 4,145 | 957 | 11,089 | (936 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — Brandon | Brandon, FL | (4 | ) | 3,709 | 3,540 | 696 | 186 | 657 | 517 | 3,895 | 4,197 | 1,213 | 9,305 | (852 | ) | 12/13/12 | 1997 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
St. Petersburg — Clearwater — Airport | Clearwater , FL | (4 | ) | 1,951 | 3,062 | 39 | 66 | 526 | 609 | 2,017 | 3,588 | 648 | 6,253 | (917 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
St. Petersburg — Clearwater | Clearwater, FL | (4 | ) | 1,679 | 2,926 | 489 | 116 | 592 | 409 | 1,795 | 3,518 | 898 | 6,211 | (713 | ) | 12/13/12 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Plantation | Davie, FL | (4 | ) | 5,014 | 3,117 | 492 | 113 | 121 | 254 | 5,127 | 3,238 | 746 | 9,111 | (634 | ) | 12/13/12 | 1997 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Daytona Beach — International Speedway | Daytona Beach, FL | (4 | ) | 987 | 3,972 | 45 | 70 | 73 | 227 | 1,057 | 4,045 | 272 | 5,374 | (646 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Deerfield Beach | Deerfield Beach, FL | (4 | ) | 2,885 | 3,421 | 38 | 78 | 476 | 593 | 2,963 | 3,897 | 631 | 7,491 | (903 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Destin — US 98 — Emerald Coast Pkwy. | Destin, FL | (4 | ) | 1,149 | 2,528 | 96 | 87 | 1,237 | 530 | 1,236 | 3,765 | 626 | 5,627 | (794 | ) | 10/8/10 | 2001 | 48 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Commercial Blvd. | Fort Lauderdale, FL | (4 | ) | 2,465 | 997 | 54 | 25 | 129 | 367 | 2,490 | 1,126 | 421 | 4,037 | (486 | ) | 10/8/10 | 1999 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Cruiseport — Airport | Fort Lauderdale, FL | (4 | ) | 3,441 | 7,008 | 71 | 70 | 631 | 790 | 3,511 | 7,639 | 861 | 12,011 | (1,400 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Cypress Creek — Andrews Ave. | Fort Lauderdale, FL | (4 | ) | 2,761 | 2,685 | 41 | 88 | 177 | 392 | 2,849 | 2,862 | 433 | 6,144 | (685 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Cypress Creek — NW 6th Way | Fort Lauderdale, FL | (4 | ) | 2,480 | 751 | 62 | 61 | 91 | 395 | 2,541 | 842 | 457 | 3,840 | (402 | ) | 10/8/10 | 1999 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Plantation | Fort Lauderdale, FL | (4 | ) | 6,352 | 2,252 | 61 | 45 | 424 | 585 | 6,397 | 2,676 | 646 | 9,719 | (765 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Gainesville — I—75 | Gainesville, FL | (4 | ) | 846 | 6,416 | 44 | 45 | 93 | 277 | 891 | 6,509 | 321 | 7,721 | (1,109 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Baymeadows | Jacksonville, FL | (4 | ) | 1,163 | 2,662 | 48 | 88 | 139 | 426 | 1,251 | 2,801 | 474 | 4,526 | (664 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Butler Blvd. | Jacksonville, FL | (4 | ) | 969 | 1,057 | 63 | 58 | 80 | 389 | 1,027 | 1,137 | 452 | 2,616 | (438 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Deerwood Park | Jacksonville, FL | (4 | ) | 943 | 3,910 | 66 | 79 | 187 | 396 | 1,022 | 4,097 | 462 | 5,581 | (746 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Lenoir Avenue South | Jacksonville, FL | (4 | ) | 842 | 1,862 | 47 | 52 | 54 | 228 | 894 | 1,916 | 275 | 3,085 | (444 | ) | 10/8/10 | 1998 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Riverwalk | Jacksonville, FL | (4 | ) | 593 | 3,693 | 52 | 85 | 479 | 734 | 678 | 4,172 | 786 | 5,636 | (981 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Salisbury Rd. — Southpoint | Jacksonville, FL | (4 | ) | 727 | 720 | 52 | 104 | 1,524 | 476 | 831 | 2,244 | 528 | 3,603 | (651 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Southside — St. Johns Towne Center | Jacksonville, FL | (4 | ) | 925 | 2,679 | 47 | 72 | 271 | 532 | 997 | 2,950 | 579 | 4,526 | (736 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Lake Mary — 1036 Greenwood Blvd | Lake Mary, FL | (4 | ) | 2,229 | — | 19 | 41 | 314 | 546 | 2,270 | 314 | 565 | 3,149 | (471 | ) | 10/8/10 | 2000 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Orlando — Lake Mary — 1040 Greenwood Blvd | Lake Mary, FL | (4 | ) | 2,685 | — | 25 | 49 | 261 | 355 | 2,734 | 261 | 380 | 3,375 | (224 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Melbourne — Airport | Melbourne, FL | (4 | ) | 1,423 | 4,160 | 53 | 50 | 49 | 306 | 1,473 | 4,209 | 359 | 6,041 | (746 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Airport — Blue Lagoon | Miami, FL | (4 | ) | 9,702 | 4,910 | 70 | 68 | 843 | 1,132 | 9,770 | 5,753 | 1,202 | 16,725 | (1,427 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Airport — Doral | Miami, FL | (4 | ) | 10,164 | 4,188 | 1,131 | 240 | 1,185 | 403 | 10,404 | 5,373 | 1,534 | 17,311 | (1,137 | ) | 12/13/12 | 1997 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Airport — Doral — 87th Avenue South | Miami, FL | (4 | ) | 4,451 | 7,542 | 92 | 53 | 622 | 738 | 4,504 | 8,164 | 830 | 13,498 | (1,426 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Airport — Doral —25th Street | Miami, FL | (4 | ) | 4,135 | 5,307 | 125 | 48 | 569 | 922 | 4,183 | 5,876 | 1,047 | 11,106 | (1,203 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Airport — Miami Springs | Miami, FL | (4 | ) | 8,014 | 3,657 | 71 | 82 | 1,976 | 770 | 8,096 | 5,633 | 841 | 14,570 | (1,242 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Brickell — Port of Miami | Miami, FL | (4 | ) | 3,323 | 7,312 | 85 | 78 | 675 | 738 | 3,401 | 7,987 | 823 | 12,211 | (1,382 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Miami — Coral Gables | Miami, FL | (4 | ) | 2,866 | 7,211 | 76 | 69 | 583 | 711 | 2,935 | 7,794 | 787 | 11,516 | (1,380 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Convention Center — 6443 Westwood | Orlando, FL | (4 | ) | 2,472 | 2,071 | 68 | 108 | 575 | 934 | 2,580 | 2,646 | 1,002 | 6,228 | (729 | ) | 10/8/10 | 1999 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Convention Center — Pointe Orlando | Orlando, FL | (4 | ) | 3,326 | 3,097 | 58 | 131 | 799 | 1,427 | 3,457 | 3,896 | 1,485 | 8,838 | (1,072 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Convention Center — Westwood Blvd. | Orlando, FL | (4 | ) | 2,767 | 1,466 | 43 | 89 | 654 | 816 | 2,856 | 2,120 | 859 | 5,835 | (677 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Lake Buena Vista | Orlando, FL | (4 | ) | 4,137 | — | 30 | 128 | 831 | 1,419 | 4,265 | 831 | 1,449 | 6,545 | (671 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Orlando — Maitland — 1776 Pembrook Dr. | Orlando, FL | (4 | ) | 2,103 | 807 | 74 | 55 | 109 | 247 | 2,158 | 916 | 321 | 3,395 | (369 | ) | 10/8/10 | 2000 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Maitland — Summit Tower Blvd | Orlando, FL | (4 | ) | 3,577 | — | 65 | 59 | 187 | 459 | 3,636 | 187 | 524 | 4,347 | (373 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Orlando — Maitland —1760 Pembrook Dr. | Orlando, FL | (4 | ) | 2,133 | 1,347 | 41 | 38 | 288 | 611 | 2,171 | 1,635 | 652 | 4,458 | (715 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Southpark — Commodity Circle | Orlando, FL | (4 | ) | 3,483 | 2,051 | 64 | 78 | 207 | 477 | 3,561 | 2,258 | 541 | 6,360 | (652 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Southpark — Equity Row | Orlando, FL | (4 | ) | 2,854 | 432 | 49 | 58 | 173 | 344 | 2,912 | 605 | 393 | 3,910 | (406 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — UCF Area | Orlando, FL | (4 | ) | 2,677 | — | 23 | 40 | 297 | 224 | 2,717 | 297 | 247 | 3,261 | (165 | ) | 10/8/10 | 1999 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Universal Studios | Orlando, FL | (4 | ) | 2,813 | 2,874 | 66 | 118 | 454 | 905 | 2,931 | 3,328 | 971 | 7,230 | (829 | ) | 10/8/10 | 1998 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Orlando — Universal Studios | Orlando, FL | (4 | ) | 3,349 | 3,190 | 52 | 104 | 644 | 777 | 3,453 | 3,834 | 829 | 8,116 | (909 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Pensacola — University Mall | Pensacola, FL | (4 | ) | 934 | 4,059 | 38 | 56 | 204 | 242 | 990 | 4,263 | 280 | 5,533 | (752 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Cypress Creek — Park North | Pompano Beach, FL | (4 | ) | 3,567 | 2,828 | 65 | 81 | 1,525 | 1,237 | 3,648 | 4,353 | 1,302 | 9,303 | (1,127 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Tallahassee — Killearn | Tallahassee, FL | (4 | ) | 356 | 1,769 | 29 | 77 | 73 | 254 | 433 | 1,842 | 283 | 2,558 | (468 | ) | 10/8/10 | 1998 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Lauderdale — Tamarac | Tamarac, FL | (4 | ) | 3,709 | 3,054 | 712 | 147 | 579 | 238 | 3,856 | 3,633 | 950 | 8,439 | (832 | ) | 12/13/12 | 1997 | 21 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — Airport — Memorial Hwy. | Tampa, FL | (4 | ) | 2,513 | 1,342 | 69 | 115 | 480 | 815 | 2,628 | 1,822 | 884 | 5,334 | (652 | ) | 10/8/10 | 1999 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — Airport — N. Westshore Blvd. | Tampa, FL | (4 | ) | 2,564 | 3,918 | 64 | 50 | 803 | 1,043 | 2,614 | 4,721 | 1,107 | 8,442 | (1,056 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — Airport — Spruce Street | Tampa, FL | (4 | ) | 2,437 | 3,066 | 102 | 67 | 366 | 552 | 2,504 | 3,432 | 654 | 6,590 | (847 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — North — USF/Attractions | Tampa, FL | (4 | ) | 2,028 | 845 | 37 | 58 | 445 | 578 | 2,086 | 1,290 | 615 | 3,991 | (592 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Tampa — North Airport | Tampa, FL | (4 | ) | 1,294 | 2,236 | 490 | 122 | 101 | 200 | 1,416 | 2,337 | 690 | 4,443 | (568 | ) | 12/13/12 | 1997 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
West Palm Beach — Northpoint Corporate Park | West Palm Beach, FL | (4 | ) | 2,723 | 3,326 | 49 | 72 | 83 | 289 | 2,795 | 3,409 | 338 | 6,542 | (635 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Alpharetta — Northpoint – East | Alpharetta, GA | (4 | ) | 717 | 591 | 42 | 50 | 97 | 273 | 767 | 688 | 315 | 1,770 | (304 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Alpharetta — Northpoint — West | Alpharetta, GA | (4 | ) | 1,218 | 1,673 | 58 | 63 | 152 | 661 | 1,281 | 1,825 | 719 | 3,825 | (470 | ) | 10/8/10 | 1999 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Alpharetta — Rock Mill Rd. | Alpharetta, GA | (4 | ) | 1,391 | 1,101 | 40 | 47 | 347 | 568 | 1,438 | 1,448 | 608 | 3,494 | (719 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Clairmont | Atlanta, GA | (4 | ) | 1,142 | 3,284 | 40 | 57 | 465 | 676 | 1,199 | 3,749 | 716 | 5,664 | (685 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Lenox | Atlanta, GA | (4 | ) | 1,183 | 4,086 | 42 | 59 | 370 | 705 | 1,242 | 4,456 | 747 | 6,445 | (730 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Marietta — Interstate N. Pkwy | Atlanta, GA | (4 | ) | 1,766 | 3,023 | 72 | 45 | 136 | 302 | 1,811 | 3,159 | 374 | 5,344 | (629 | ) | 10/8/10 | 1999 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Marietta — Wildwood | Atlanta, GA | (4 | ) | 852 | 2,881 | 40 | 62 | 357 | 680 | 914 | 3,238 | 720 | 4,872 | (605 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Perimeter | Atlanta, GA | (4 | ) | 1,921 | 3,398 | 45 | 182 | 134 | 480 | 2,103 | 3,532 | 525 | 6,160 | (775 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Perimeter — Crestline | Atlanta, GA | (4 | ) | 1,562 | 1,581 | 46 | 68 | 165 | 527 | 1,630 | 1,746 | 573 | 3,949 | (465 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Perimeter — Peachtree Dunwoody | Atlanta, GA | (4 | ) | 1,203 | 2,928 | 44 | 96 | 166 | 539 | 1,299 | 3,094 | 583 | 4,976 | (601 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Vinings | Atlanta, GA | (4 | ) | 1,924 | 5,785 | 57 | 59 | 138 | 294 | 1,983 | 5,923 | 351 | 8,257 | (866 | ) | 10/8/10 | 1997 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Airport | Columbus, GA | (4 | ) | 967 | 4,566 | 40 | 61 | 141 | 289 | 1,028 | 4,707 | 329 | 6,064 | (872 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Bradley Park | Columbus, GA | (4 | ) | 763 | 5,083 | 45 | 51 | 57 | 271 | 814 | 5,140 | 316 | 6,270 | (839 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Duluth | Duluth, GA | (4 | ) | 1,177 | 1,252 | 61 | 43 | 114 | 132 | 1,220 | 1,366 | 193 | 2,779 | (324 | ) | 10/8/10 | 1997 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Gwinnett Place | Duluth, GA | (4 | ) | 1,269 | 3,234 | 48 | 80 | 195 | 285 | 1,349 | 3,429 | 333 | 5,111 | (706 | ) | 10/8/10 | 1990 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Kennesaw Chastain Rd | Kennesaw, GA | (4 | ) | 1,092 | 1,560 | 38 | 83 | 141 | 346 | 1,175 | 1,701 | 384 | 3,260 | (528 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Kennesaw Town Center | Kennesaw, GA | (4 | ) | 1,122 | 2,213 | 38 | 67 | 295 | 278 | 1,189 | 2,508 | 316 | 4,013 | (540 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Lawrenceville | Lawrenceville, GA | (4 | ) | 1,253 | 1,871 | 43 | 41 | 105 | 343 | 1,294 | 1,976 | 386 | 3,656 | (598 | ) | 10/8/10 | 1996 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Macon — North | Macon, GA | (4 | ) | 537 | 4,151 | 46 | 81 | 46 | 192 | 618 | 4,197 | 238 | 5,053 | (651 | ) | 10/8/10 | 1998 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Marietta — Powers Ferry Rd. | Marietta, GA | (4 | ) | 2,718 | 1,891 | 58 | 62 | 360 | 401 | 2,780 | 2,251 | 459 | 5,490 | (613 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Marietta — Windy Hill | Marietta, GA | (4 | ) | 1,645 | 2,192 | 41 | 70 | 265 | 373 | 1,715 | 2,457 | 414 | 4,586 | (571 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Morrow | Morrow, GA | (4 | ) | 1,713 | 2,276 | 41 | 68 | 317 | 286 | 1,781 | 2,593 | 327 | 4,701 | (524 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Jimmy Carter Blvd. | Norcross, GA | (4 | ) | 1,974 | 890 | 61 | 50 | 288 | 388 | 2,024 | 1,178 | 449 | 3,651 | (526 | ) | 10/8/10 | 1996 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Norcross | Norcross, GA | (4 | ) | 1,937 | — | 44 | 55 | 160 | 203 | 1,992 | 160 | 247 | 2,399 | (210 | ) | 10/8/10 | 1996 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Peachtree Corners | Norcross, GA | (4 | ) | 1,256 | — | 19 | 72 | 193 | 274 | 1,328 | 193 | 293 | 1,814 | (148 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Peachtree Corners | Norcross, GA | (4 | ) | 1,219 | 2,509 | 291 | 88 | 129 | 157 | 1,307 | 2,638 | 448 | 4,393 | (577 | ) | 12/13/12 | 1996 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Savannah — Midtown | Savannah, GA | (4 | ) | 564 | 5,079 | 66 | 63 | 388 | 677 | 627 | 5,467 | 743 | 6,837 | (952 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Atlanta — Cumberland Mall | Smyrna, GA | (4 | ) | 1,631 | 2,038 | 45 | 49 | 172 | 315 | 1,680 | 2,210 | 360 | 4,250 | (545 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Des Moines — Urbandale | Urbandale, IA | (4 | ) | 1,119 | 2,684 | 41 | 60 | 62 | 270 | 1,179 | 2,746 | 311 | 4,236 | (537 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Des Moines — West Des Moines | West Des Moines, | (4 | ) | 1,089 | 2,742 | 39 | 105 | 244 | 583 | 1,194 | 2,986 | 622 | 4,802 | (696 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
IA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Boise — Airport | Boise, ID | (4 | ) | 862 | 1,647 | 39 | 40 | 116 | 300 | 902 | 1,763 | 339 | 3,004 | (411 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Midway | Bedford Park, IL | (4 | ) | 2,028 | 2,261 | 130 | 78 | 520 | 755 | 2,106 | 2,781 | 885 | 5,772 | (888 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Bloomington — Normal | Bloomington, IL | (4 | ) | 941 | 3,404 | 61 | 65 | 144 | 335 | 1,006 | 3,548 | 396 | 4,950 | (629 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Buffalo Grove — Deerfield | Buffalo Grove, IL | (4 | ) | 2,264 | 4,986 | 44 | 70 | 566 | 780 | 2,334 | 5,552 | 824 | 8,710 | (1,000 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Burr Ridge | Burr Ridge , IL | (4 | ) | 2,033 | 4,406 | 43 | 74 | 669 | 778 | 2,107 | 5,075 | 821 | 8,003 | (1,078 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Champaign — Urbana | Champaign, IL | (4 | ) | 1,221 | 4,043 | 35 | 97 | 146 | 231 | 1,318 | 4,189 | 266 | 5,773 | (688 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Darien | Darien, IL | (4 | ) | 1,754 | 4,286 | 42 | 92 | 438 | 616 | 1,846 | 4,724 | 658 | 7,228 | (970 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — O’Hare — North | Des Plaines, IL | (4 | ) | 1,946 | 3,737 | 44 | 104 | 581 | 785 | 2,050 | 4,318 | 829 | 7,197 | (910 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — O’Hare – South | Des Plaines, IL | (4 | ) | 2,122 | 1,434 | 71 | 85 | 202 | 432 | 2,207 | 1,636 | 503 | 4,346 | (545 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Downers Grove | Downers Grove, IL | (4 | ) | 2,592 | 3,321 | 53 | 115 | 945 | 1,160 | 2,707 | 4,266 | 1,213 | 8,186 | (1,189 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Elmhurst — O’Hare | Elmhurst, IL | (4 | ) | 1,728 | 2,769 | 42 | 112 | 389 | 695 | 1,840 | 3,158 | 737 | 5,735 | (803 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Gurnee | Gurnee, IL | (4 | ) | 1,557 | 2,759 | 37 | 129 | 192 | 251 | 1,686 | 2,951 | 288 | 4,925 | (568 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Hanover Park | Hanover Park, IL | (4 | ) | 4,217 | 1,081 | 38 | 41 | 431 | 585 | 4,258 | 1,512 | 623 | 6,393 | (573 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Hillside | Hillside, IL | (4 | ) | 1,661 | 1,134 | 49 | 67 | 595 | 846 | 1,728 | 1,729 | 895 | 4,352 | (598 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Itasca | Itasca, IL | (4 | ) | 1,419 | 2,764 | 46 | 89 | 131 | 355 | 1,508 | 2,895 | 401 | 4,804 | (580 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Lansing | Lansing, IL | (4 | ) | 1,778 | 2,399 | 44 | 96 | 546 | 794 | 1,874 | 2,945 | 838 | 5,657 | (745 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Lisle | Lisle, IL | (4 | ) | 1,908 | 2,176 | 42 | 76 | 407 | 549 | 1,984 | 2,583 | 591 | 5,158 | (693 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Lombard — Oak Brook | Lombard, IL | (4 | ) | 3,692 | 1,060 | 59 | 88 | 627 | 1,037 | 3,780 | 1,687 | 1,096 | 6,563 | (834 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Lombard — Yorktown Center | Lombard, IL | (4 | ) | 2,029 | 3,367 | 58 | 118 | 95 | 381 | 2,147 | 3,462 | 439 | 6,048 | (704 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Naperville — East | Naperville, IL | (4 | ) | 1,686 | 4,231 | 48 | 156 | 726 | 939 | 1,842 | 4,957 | 987 | 7,786 | (1,166 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Naperville — West | Naperville, IL | (4 | ) | 3,084 | 2,386 | 44 | 126 | 587 | 725 | 3,210 | 2,973 | 769 | 6,952 | (839 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — O’ Fallon, IL | O’Fallon, IL | (4 | ) | 1,099 | 2,897 | 34 | 55 | 212 | 288 | 1,154 | 3,109 | 322 | 4,585 | (580 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Peoria — North | Peoria, IL | (4 | ) | 1,063 | 3,528 | 63 | 69 | 247 | 594 | 1,132 | 3,775 | 657 | 5,564 | (767 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Rockford — I—90 | Rockford, IL | (4 | ) | 1,046 | 1,989 | 38 | 58 | 98 | 300 | 1,104 | 2,087 | 338 | 3,529 | (414 | ) | 10/8/10 | 1997 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Rockford — State Street | Rockford, IL | (4 | ) | 971 | 293 | 34 | 102 | 420 | 751 | 1,073 | 713 | 785 | 2,571 | (570 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Chicago — Rolling Meadows | Rolling Meadows, IL | (4 | ) | 1,643 | 640 | 44 | 58 | 171 | 364 | 1,701 | 811 | 408 | 2,920 | (339 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Romeoville — Bollingbrook | Romeoville, IL | (4 | ) | 1,741 | 3,612 | 38 | 110 | 474 | 620 | 1,851 | 4,086 | 658 | 6,595 | (892 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Schaumburg | Schaumburg, IL | (4 | ) | 3,507 | 703 | 98 | 55 | 406 | 652 | 3,562 | 1,109 | 750 | 5,421 | (587 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Schaumburg — Convention Center | Schaumburg, IL | (4 | ) | 2,016 | 1,190 | 49 | 91 | 224 | 430 | 2,107 | 1,414 | 479 | 4,000 | (492 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Woodfield Mall | Schaumburg, IL | (4 | ) | 1,649 | 2,501 | 43 | 115 | 438 | 592 | 1,764 | 2,939 | 635 | 5,338 | (758 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Skokie | Skokie, IL | (4 | ) | 2,305 | 8,355 | 65 | 67 | 500 | 943 | 2,372 | 8,855 | 1,008 | 12,235 | (1,545 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Vernon Hills — Lake Forest | Vernon Hills, IL | (4 | ) | 2,471 | 4,030 | 60 | 38 | 310 | 682 | 2,509 | 4,340 | 742 | 7,591 | (906 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Vernon Hills — Lincolnshire | Vernon Hills, IL | (4 | ) | 2,467 | 1,053 | 66 | 78 | 575 | 943 | 2,545 | 1,628 | 1,009 | 5,182 | (779 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Waukegan | Waukegan, IL | (4 | ) | 1,230 | 680 | 41 | 42 | 142 | 290 | 1,272 | 822 | 331 | 2,425 | (409 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Chicago — Westmont — Oak Brook | Westmont, IL | (4 | ) | 3,510 | 587 | 52 | 96 | 753 | 1,060 | 3,606 | 1,340 | 1,112 | 6,058 | (755 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Evansville — East | Evansville, IN | (4 | ) | 387 | 2,295 | 34 | 81 | 122 | 297 | 468 | 2,417 | 331 | 3,216 | (611 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Wayne — North | Ft. Wayne, IN | (4 | ) | 402 | 1,755 | 34 | 71 | 81 | 309 | 473 | 1,836 | 343 | 2,652 | (479 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Wayne — South | Ft. Wayne, IN | (4 | ) | 937 | 3,992 | 37 | 83 | 291 | 306 | 1,020 | 4,283 | 343 | 5,646 | (745 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — Airport | Indianapolis, IN | (4 | ) | 1,566 | — | 39 | (5 | ) | 447 | 446 | 1,561 | 447 | 485 | 2,493 | (346 | ) | 10/8/10 | 1998 | (6 | ) | |||||||||||||||||||||||||||||||||||||||||||
Indianapolis — Airport — W. Southern Ave. | Indianapolis, IN | (4 | ) | 1,505 | 1,103 | 77 | 136 | 186 | 606 | 1,641 | 1,289 | 683 | 3,613 | (547 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — Castleton | Indianapolis, IN | (4 | ) | 558 | 2,108 | 40 | 61 | 239 | 385 | 619 | 2,347 | 425 | 3,391 | (558 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — North — Carmel | Indianapolis, IN | (4 | ) | 812 | 851 | 29 | 41 | 66 | 278 | 853 | 917 | 307 | 2,077 | (298 | ) | 10/8/10 | 1990 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — Northwest — College Park | Indianapolis, IN | (4 | ) | 363 | 945 | 28 | 38 | 129 | 369 | 401 | 1,074 | 397 | 1,872 | (350 | ) | 10/8/10 | 1991 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — Northwest — I—465 | Indianapolis, IN | (4 | ) | 1,385 | 4,782 | 66 | 101 | 327 | 709 | 1,486 | 5,109 | 775 | 7,370 | (971 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Indianapolis — West 86th St. | Indianapolis, IN | (4 | ) | 581 | 2,330 | 40 | 159 | 249 | 398 | 740 | 2,579 | 438 | 3,757 | (578 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Merrillville — US Rte. 30 | Merrillville, IN | (4 | ) | 693 | 3,923 | 39 | 110 | 483 | 712 | 803 | 4,406 | 751 | 5,960 | (834 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
South Bend – Mishawaka – North | Mishawaka, IN | (4 | ) | 497 | 1,929 | 62 | 67 | 77 | 378 | 564 | 2,006 | 440 | 3,010 | (528 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
South Bend — Mishawaka — South | Mishawaka, IN | (4 | ) | 457 | 1,146 | 34 | 92 | 57 | 309 | 549 | 1,203 | 343 | 2,095 | (389 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Lenexa — 87th St. | Lenexa, KS | (4 | ) | 1,413 | 1,161 | 47 | 277 | 540 | 349 | 1,690 | 1,701 | 396 | 3,787 | (622 | ) | 10/8/10 | 1997 | 35 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Lenexa — 95th St. | Lenexa, KS | (4 | ) | 2,489 | — | 12 | (1,290 | ) (5) | 147 | 177 | 1,199 | 147 | 189 | 1,535 | (127 | ) | 10/8/10 | 1996 | (6 | ) | |||||||||||||||||||||||||||||||||||||||||||
Kansas City — Shawnee Mission | Merriam, KS | (4 | ) | 1,255 | 2,489 | 49 | 67 | 253 | 402 | 1,322 | 2,742 | 451 | 4,515 | (668 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City – Overland Park – Metcalf Ave | Overland Park, KS | (4 | ) | 1,103 | 4,652 | 61 | 86 | 567 | 293 | 1,189 | 5,219 | 354 | 6,762 | (853 | ) | 10/8/10 | 1997 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Overland Park — Nall Ave. | Overland Park, KS | (4 | ) | 603 | 2,291 | 45 | 24 | 91 | 421 | 627 | 2,382 | 466 | 3,475 | (574 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Overland Park — Quivira Rd. | Overland Park, KS | (4 | ) | 1,120 | 959 | 43 | 99 | 380 | 637 | 1,219 | 1,339 | 680 | 3,238 | (724 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Wichita — East | Wichita, KS | (4 | ) | 809 | 1,375 | 35 | 45 | 61 | 246 | 854 | 1,436 | 281 | 2,571 | (415 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Covington | Covington, KY | (4 | ) | 880 | 5,352 | 38 | 43 | 162 | 512 | 923 | 5,514 | 550 | 6,987 | (839 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Florence | Florence, KY | (4 | ) | 549 | 1,850 | 33 | 102 | 70 | 297 | 651 | 1,920 | 330 | 2,901 | (481 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Florence | Florence, KY | (4 | ) | 827 | 2,575 | 37 | 92 | 102 | 293 | 919 | 2,677 | 330 | 3,926 | (557 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Lexington — Nicholasville Road | Lexington, KY | (4 | ) | 1,415 | 4,119 | 45 | 98 | 205 | 361 | 1,513 | 4,324 | 406 | 6,243 | (816 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Lexington — Patchen Village | Lexington, KY | (4 | ) | 860 | — | 25 | 135 | 150 | 235 | 995 | 150 | 260 | 1,405 | (178 | ) | 10/8/10 | 1986 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Lexington — Tates Creek | Lexington, KY | (4 | ) | 910 | 1,692 | 29 | 204 | 271 | 289 | 1,114 | 1,963 | 318 | 3,395 | (505 | ) | 10/8/10 | 1987 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville — Alliant Avenue | Louisville, KY | (4 | ) | 812 | 2,628 | 48 | 88 | 127 | 311 | 900 | 2,755 | 359 | 4,014 | (538 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville — Dutchman | Louisville, KY | (4 | ) | 662 | 2,540 | 45 | 43 | 267 | 377 | 705 | 2,807 | 422 | 3,934 | (646 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville — Hurstbourne | Louisville, KY | (4 | ) | 656 | 439 | 30 | 186 | 142 | 234 | 842 | 581 | 264 | 1,687 | (271 | ) | 10/8/10 | 1988 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Louisville — St. Matthews | Louisville, KY | (4 | ) | 949 | — | 26 | (558 | ) (5) | 323 | 299 | 391 | 323 | 325 | 1,039 | (232 | ) | 10/8/10 | 1989 | (6 | ) | |||||||||||||||||||||||||||||||||||||||||||
Baton Rouge — Citiplace | Baton Rouge, LA | (4 | ) | 1,029 | 5,875 | 66 | 76 | 414 | 666 | 1,105 | 6,289 | 732 | 8,126 | (1,344 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Baton Rouge — Sherwood Forest | Baton Rouge, LA | (4 | ) | 531 | 2,802 | 43 | 32 | 174 | 317 | 563 | 2,976 | 360 | 3,899 | (768 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Shreveport — Bossier City | Bossier City, LA | (4 | ) | 1,130 | 4,480 | 41 | 47 | 124 | 240 | 1,177 | 4,604 | 281 | 6,062 | (1,084 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
New Orleans — Kenner | Kenner, LA | (4 | ) | 1,028 | 6,843 | 79 | 66 | 422 | 582 | 1,094 | 7,265 | 661 | 9,020 | (1,388 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Lafayette — Airport | Lafayette, LA | (4 | ) | 436 | 2,212 | 38 | 66 | 107 | 373 | 502 | 2,319 | 411 | 3,232 | (535 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
New Orleans — Metairie | Metairie, LA | (4 | ) | 559 | 5,559 | 41 | 51 | 395 | 756 | 610 | 5,954 | 797 | 7,361 | (1,045 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Lake Charles — Sulphur | Sulphur, LA | (4 | ) | 310 | 1,784 | 39 | 14 | 276 | 238 | 324 | 2,060 | 277 | 2,661 | (543 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Braintree | Braintree, MA | (4 | ) | 2,599 | 9,110 | 90 | 57 | 417 | 637 | 2,656 | 9,527 | 727 | 12,910 | (1,453 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Burlington | Burlington, MA | (4 | ) | 2,533 | 6,944 | 58 | 61 | 762 | 1,078 | 2,594 | 7,706 | 1,136 | 11,436 | (1,558 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Danvers | Danvers, MA | (4 | ) | 1,334 | 5,659 | 38 | 61 | 155 | 387 | 1,395 | 5,814 | 425 | 7,634 | (773 | ) | 10/8/10 | 1998 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Marlborough | Marlborough, MA | (4 | ) | 2,137 | 3,464 | 48 | 70 | 582 | 1,032 | 2,207 | 4,046 | 1,080 | 7,333 | (1,042 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Foxboro — Norton | Norton, MA | (4 | ) | 2,153 | 4,729 | 98 | 57 | 398 | 556 | 2,210 | 5,127 | 654 | 7,991 | (922 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Peabody | Peabody, MA | (4 | ) | 1,649 | 5,178 | 110 | 89 | 487 | 891 | 1,738 | 5,665 | 1,001 | 8,404 | (1,142 | ) | 10/8/10 | 1999 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Tewksbury | Tewksbury, MA | (4 | ) | 1,547 | 4,378 | 58 | 58 | 340 | 588 | 1,605 | 4,718 | 646 | 6,969 | (890 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Waltham | Waltham, MA | (4 | ) | 2,025 | 6,620 | 58 | 66 | 481 | 1,139 | 2,091 | 7,101 | 1,197 | 10,389 | (1,133 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Waltham | Waltham, MA | (4 | ) | 1,851 | 7,411 | 72 | 93 | 598 | 1,126 | 1,944 | 8,009 | 1,198 | 11,151 | (1,598 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Westborough — Computer Dr. | Westborough, MA | (4 | ) | 2,747 | 2,788 | 48 | 136 | 607 | 929 | 2,883 | 3,395 | 977 | 7,255 | (955 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Westborough — Connector Road | Westborough, MA | (4 | ) | 3,154 | 1,519 | 57 | 45 | 352 | 528 | 3,199 | 1,871 | 585 | 5,655 | (577 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Westborough — East Main Street | Westborough, MA | (4 | ) | 2,366 | 2,763 | 81 | 83 | 459 | 759 | 2,449 | 3,222 | 840 | 6,511 | (620 | ) | 10/8/10 | 2001 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Boston — Woburn | Woburn, MA | (4 | ) | 1,879 | 4,426 | 48 | 78 | 462 | 874 | 1,957 | 4,888 | 922 | 7,767 | (1,060 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Annapolis — Admiral Cochrane Drive | Annapolis, MD | (4 | ) | 2,121 | 5,919 | 52 | 57 | 457 | 896 | 2,178 | 6,376 | 948 | 9,502 | (1,175 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Annapolis — Womack Drive | Annapolis, MD | (4 | ) | 1,376 | 4,684 | 131 | 52 | 335 | 537 | 1,428 | 5,019 | 668 | 7,115 | (984 | ) | 10/8/10 | 2004 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
Baltimore — Bel Air – Aberdeen | Bel Air, MD | (4 | ) | 1,768 | 5,344 | 110 | 31 | 9 | 263 | 1,799 | 5,353 | 373 | 7,525 | (845 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Columbia 100 Parkway | Columbia, MD | (4 | ) | 1,785 | 6,287 | 38 | 119 | 437 | 627 | 1,904 | 6,724 | 665 | 9,293 | (1,257 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Columbia Corporate Park | Columbia, MD | (4 | ) | 3,056 | 10,874 | 81 | 99 | 831 | 1,077 | 3,155 | 11,705 | 1,158 | 16,018 | (1,995 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Gateway Drive | Columbia, MD | (4 | ) | 2,241 | 5,038 | 42 | 68 | 716 | 908 | 2,309 | 5,754 | 950 | 9,013 | (1,571 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Frederick — Westview Dr. | Frederick , MD | (4 | ) | 1,891 | 5,522 | 41 | 44 | 402 | 550 | 1,935 | 5,924 | 591 | 8,450 | (1,140 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Gaithersburg – North | Gaithersburg, MD | (4 | ) | 2,088 | 3,973 | 42 | 45 | 359 | 560 | 2,133 | 4,332 | 602 | 7,067 | (939 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Gaithersburg — South | Gaithersburg, MD | (4 | ) | 2,233 | 4,128 | 59 | 82 | 213 | 425 | 2,315 | 4,341 | 484 | 7,140 | (781 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Germantown | Germantown, MD | (4 | ) | 1,413 | 4,673 | 44 | 81 | 332 | 505 | 1,494 | 5,005 | 549 | 7,048 | (1,059 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Germantown | Germantown, MD | (4 | ) | 5,541 | 2,269 | 698 | 152 | 748 | 497 | 5,693 | 3,017 | 1,195 | 9,905 | (884 | ) | 12/13/12 | 1997 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Baltimore — Glen Burnie | Glen Burnie, MD | (4 | ) | 2,374 | 9,428 | 132 | 52 | 323 | 519 | 2,426 | 9,751 | 651 | 12,828 | (1,515 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Laurel — Ft. Meade | Jessup, MD | (4 | ) | 1,505 | 5,910 | 112 | 58 | 323 | 751 | 1,563 | 6,233 | 863 | 8,659 | (1,085 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Landover | Landover, MD | (4 | ) | 3,119 | 5,378 | 39 | 44 | 534 | 740 | 3,163 | 5,912 | 779 | 9,854 | (1,011 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Lexington Park — Pax River | Lexington Park, MD | (4 | ) | 1,206 | 5,140 | 48 | 63 | 337 | 576 | 1,269 | 5,477 | 624 | 7,370 | (1,087 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Baltimore — BWl Airport | Linthicum Heights, MD | (4 | ) | 3,801 | 5,663 | 1,003 | 228 | 851 | 639 | 4,029 | 6,514 | 1,642 | 12,185 | (1,098 | ) | 12/13/12 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Baltimore — BWI Airport | Linthicum, MD | (4 | ) | 2,316 | 8,515 | 43 | 110 | 552 | 670 | 2,426 | 9,067 | 713 | 12,206 | (1,602 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Rockville | Rockville, MD | (4 | ) | 5,800 | 9,696 | 64 | 78 | 562 | 1,069 | 5,878 | 10,258 | 1,133 | 17,269 | (1,768 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Baltimore — Timonium | Timonium, MD | (4 | ) | 2,004 | 6,358 | 39 | 80 | 429 | 692 | 2,084 | 6,787 | 731 | 9,602 | (1,216 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Scarborough | Scarborough, ME | (4 | ) | 828 | 4,601 | 52 | 64 | 167 | 613 | 892 | 4,768 | 665 | 6,325 | (832 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Ann Arbor — Briarwood Mall | Ann Arbor, MI | (4 | ) | 3,416 | — | 41 | 142 | 180 | 546 | 3,558 | 180 | 587 | 4,325 | (291 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Ann Arbor – University South | Ann Arbor, MI | (4 | ) | 955 | 1,139 | 42 | 113 | 116 | 504 | 1,068 | 1,255 | 546 | 2,869 | (337 | ) | 10/8/10 | 1997 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Auburn Hills — University Drive | Auburn Hills, MI | (4 | ) | 1,363 | 588 | 59 | 94 | 610 | 1,007 | 1,457 | 1,198 | 1,066 | 3,721 | (434 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Auburn Hills — Featherstone Rd. | Auburn Hills, MI | (4 | ) | 1,226 | 3,584 | 75 | 131 | 507 | 985 | 1,357 | 4,091 | 1,060 | 6,508 | (814 | ) | 10/8/10 | 1999 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Auburn Hills — I —75 | Auburn Hills, MI | (4 | ) | 1,948 | — | 47 | 138 | 468 | 785 | 2,086 | 468 | 832 | 3,386 | (844 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Canton | Canton, MI | (4 | ) | 1,501 | — | 59 | 109 | 149 | 462 | 1,610 | 149 | 521 | 2,280 | (355 | ) | 10/8/10 | 2001 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Dearborn | Dearborn, MI | (4 | ) | 1,018 | 2,051 | 77 | 87 | 180 | 459 | 1,105 | 2,231 | 536 | 3,872 | (544 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Farmington Hills | Farmington Hills, MI | (4 | ) | 1,084 | 570 | 41 | 119 | 51 | 266 | 1,203 | 621 | 307 | 2,131 | (313 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Grand Rapids — Kentwood | Kentwood, MI | (4 | ) | 1,297 | 1,644 | 38 | 78 | 200 | 369 | 1,375 | 1,844 | 407 | 3,626 | (455 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Livonia | Livonia, MI | (4 | ) | 1,863 | — | 42 | 151 | 363 | 205 | 2,014 | 363 | 247 | 2,624 | (329 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Madison Heights | Madison Heights, MI | (4 | ) | 1,787 | — | 43 | 61 | 94 | 406 | 1,848 | 94 | 449 | 2,391 | (296 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Novi — Haggerty Road | Novi, MI | (4 | ) | 1,102 | 1,620 | 44 | 80 | 494 | 716 | 1,182 | 2,114 | 760 | 4,056 | (909 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Novi — Orchard Hill Place | Novi, MI | (4 | ) | 1,237 | 421 | 78 | 91 | 56 | 217 | 1,328 | 477 | 295 | 2,100 | (323 | ) | 10/8/10 | 2000 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Metropolitan Airport | Romulus, MI | (4 | ) | 1,161 | 2,462 | 83 | 98 | 69 | 269 | 1,259 | 2,531 | 352 | 4,142 | (574 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Roseville | Roseville, MI | (4 | ) | 1,204 | 2,742 | 71 | 63 | 197 | 325 | 1,267 | 2,939 | 396 | 4,602 | (611 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Southfield — I—696 | Southfield, MI | (4 | ) | 1,746 | — | 84 | 77 | 196 | 386 | 1,823 | 196 | 470 | 2,489 | (426 | ) | 10/8/10 | 2002 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Southfield — Northwestern Hwy. | Southfield, MI | (4 | ) | 1,952 | — | 58 | 125 | 251 | 470 | 2,077 | 251 | 528 | 2,856 | (418 | ) | 10/8/10 | 1999 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Detroit — Sterling Heights | Sterling Heights, MI | (4 | ) | 998 | 1,550 | 42 | 64 | 533 | 812 | 1,062 | 2,083 | 854 | 3,999 | (403 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Detroit — Warren | Warren, MI | (4 | ) | 1,448 | — | 37 | 88 | 250 | 189 | 1,536 | 250 | 226 | 2,012 | (217 | ) | 10/8/10 | 1997 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Bloomington | Bloomington, MN | (4 | ) | 1,440 | 3,092 | 39 | 54 | 364 | 708 | 1,494 | 3,456 | 747 | 5,697 | (702 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Brooklyn Center | Brooklyn Center, MN | (4 | ) | 1,367 | 2,491 | 38 | 49 | 126 | 368 | 1,416 | 2,617 | 406 | 4,439 | (557 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Airport — Eagan | Eagan , MN | (4 | ) | 1,517 | 2,133 | 51 | 45 | 378 | 684 | 1,562 | 2,511 | 735 | 4,808 | (584 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Airport — Eagan | Eagan, MN | (4 | ) | 1,888 | 2,331 | 60 | 97 | 195 | 402 | 1,985 | 2,526 | 462 | 4,973 | (615 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Eden Prairie — Technology Drive | Eden Prairie, MN | (4 | ) | 1,199 | 2,289 | 36 | 57 | 429 | 733 | 1,256 | 2,718 | 769 | 4,743 | (593 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Eden Prairie — Valley View R | Eden Prairie, MN | (4 | ) | 1,614 | 3,658 | 39 | 68 | 378 | 671 | 1,682 | 4,036 | 710 | 6,428 | (720 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Maple Grove | Maple Grove, MN | (4 | ) | 2,543 | 560 | 38 | 52 | 104 | 211 | 2,595 | 664 | 249 | 3,508 | (278 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Rochester — North | Rochester, MN | (4 | ) | 1,146 | 1,797 | 48 | 54 | 105 | 258 | 1,200 | 1,902 | 306 | 3,408 | (437 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Rochester — South | Rochester, MN | (4 | ) | 1,119 | 1,439 | 50 | 58 | 42 | 245 | 1,177 | 1,481 | 295 | 2,953 | (394 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Minneapolis — Woodbury | Woodbury, MN | (4 | ) | 1,805 | 2,559 | 43 | 34 | 324 | 699 | 1,839 | 2,883 | 742 | 5,464 | (943 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Airport — Central | Bridgeton, MO | (4 | ) | 1,743 | 1,010 | 57 | 84 | 135 | 546 | 1,827 | 1,145 | 603 | 3,575 | (463 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Stadium Blvd. | Columbia, MO | (4 | ) | 734 | 2,511 | 91 | 83 | 181 | 234 | 817 | 2,692 | 325 | 3,834 | (582 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Earth City | Earth City, MO | (4 | ) | 1,394 | 721 | 34 | 82 | 145 | 355 | 1,476 | 866 | 389 | 2,731 | (372 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Airport — Chapel Ridge Road | Hazelwood, MO | (4 | ) | 1,047 | — | 33 | 81 | 123 | 319 | 1,128 | 123 | 352 | 1,603 | (199 | ) | 10/8/10 | 1992 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Airport — N. Lindbergh Blvd. | Hazelwood, MO | (4 | ) | 1,096 | 1,583 | 44 | 50 | 252 | 428 | 1,146 | 1,835 | 472 | 3,453 | (497 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Independence | Independence, MO | (4 | ) | 467 | 2,387 | 39 | 80 | 180 | 227 | 547 | 2,567 | 266 | 3,380 | (735 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Airport — Plaza Circle | Kansas City, MO | (4 | ) | 603 | 992 | 40 | 103 | 175 | 290 | 706 | 1,167 | 330 | 2,203 | (417 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Airport — Tiffany Springs | Kansas City, MO | (4 | ) | 811 | 3,292 | 52 | 82 | 157 | 353 | 893 | 3,449 | 405 | 4,747 | (667 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Country Club Plaza | Kansas City, MO | (4 | ) | 1,028 | 5,114 | 46 | 62 | 501 | 652 | 1,090 | 5,615 | 698 | 7,403 | (962 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — Northeast — Worlds of Fun | Kansas City, MO | (4 | ) | 519 | 1,538 | 46 | 39 | 163 | 300 | 558 | 1,701 | 346 | 2,605 | (546 | ) | 10/8/10 | 1999 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Kansas City — South | Kansas City, MO | (4 | ) | 1,742 | — | 44 | 53 | 347 | 315 | 1,795 | 347 | 359 | 2,501 | (492 | ) | 10/8/10 | 1997 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Westport — Central | Maryland Heights, MO | (4 | ) | 829 | 2,112 | 48 | 47 | 389 | 777 | 876 | 2,501 | 825 | 4,202 | (532 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Westport — East Lackland Rd. | Maryland Heights, MO | (4 | ) | 1,334 | 2,692 | 53 | 157 | 220 | 374 | 1,491 | 2,912 | 427 | 4,830 | (703 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Springfield — South | Springfield, MO | (4 | ) | 777 | 3,170 | 40 | 73 | 173 | 290 | 850 | 3,343 | 330 | 4,523 | (616 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — Westport — Craig Road | St. Louis, MO | (4 | ) | 982 | 220 | 33 | 121 | 205 | 321 | 1,103 | 425 | 354 | 1,882 | (283 | ) | 10/8/10 | 1994 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
St. Louis — St. Peters | St. Peters, MO | (4 | ) | 1,165 | 3,797 | 44 | 51 | 309 | 320 | 1,216 | 4,106 | 364 | 5,686 | (747 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Jackson — East Beasley Road | Jackson, MS | (4 | ) | 265 | 3,884 | 49 | 70 | 143 | 291 | 335 | 4,027 | 340 | 4,702 | (697 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Jackson — North | Jackson, MS | (4 | ) | 256 | 3,381 | 40 | 122 | 132 | 327 | 378 | 3,513 | 367 | 4,258 | (697 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Jackson — Ridgeland | Ridgeland, MS | (4 | ) | 345 | 3,103 | 33 | 82 | 56 | 228 | 427 | 3,159 | 261 | 3,847 | (686 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Billings — West End | Billings, MT | (4 | ) | 936 | 3,915 | 97 | 94 | 48 | 191 | 1,030 | 3,963 | 288 | 5,281 | (672 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Great Falls — Missouri River | Great Falls, MT | (4 | ) | 834 | 5,105 | 70 | 67 | 61 | 235 | 901 | 5,166 | 305 | 6,372 | (799 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Asheville — Tunnel Rd. | Asheville, NC | (4 | ) | 2,216 | 2,559 | 38 | 60 | 165 | 469 | 2,276 | 2,724 | 507 | 5,507 | (511 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — Cary — Harrison Ave. | Cary, NC | (4 | ) | 791 | 1,353 | 33 | 39 | 289 | 614 | 830 | 1,642 | 647 | 3,119 | (393 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — Cary — Regency Parkway North | Cary, NC | (4 | ) | 903 | 4,357 | 44 | 23 | 209 | 555 | 926 | 4,566 | 599 | 6,091 | (737 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — Cary — Regency Parkway South | Cary, NC | (4 | ) | 1,018 | 4,505 | 53 | 79 | 78 | 233 | 1,097 | 4,583 | 286 | 5,966 | (721 | ) | 10/8/10 | 1998 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Charlotte — Airport | Charlotte, NC | (4 | ) | 1,982 | 636 | 67 | 102 | 750 | 859 | 2,084 | 1,386 | 926 | 4,396 | (879 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Charlotte — Pineville — Park Rd | Charlotte, NC | (4 | ) | 1,111 | 3,250 | 60 | 60 | 470 | 657 | 1,171 | 3,720 | 717 | 5,608 | (957 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Charlotte — Pineville — Pineville Matthews Rd. | Charlotte, NC | (4 | ) | 1,859 | 3,965 | 52 | 86 | 432 | 773 | 1,945 | 4,397 | 825 | 7,167 | (784 | ) | 10/8/10 | 1999 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Charlotte — Tyvola Rd. | Charlotte, NC | (4 | ) | 1,563 | 727 | 54 | 64 | 396 | 595 | 1,627 | 1,123 | 649 | 3,399 | (621 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Charlotte — Tyvola Rd. — Executive Park | Charlotte, NC | (4 | ) | 1,232 | — | 19 | 57 | 430 | 627 | 1,289 | 430 | 646 | 2,365 | (477 | ) | 10/8/10 | 1995 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Charlotte — University Place | Charlotte, NC | (4 | ) | 1,208 | 2,903 | 44 | (37 | ) | 422 | 686 | 1,171 | 3,325 | 730 | 5,226 | (876 | ) | 10/8/10 | 1998 | 39 | ||||||||||||||||||||||||||||||||||||||||||||
Charlotte — University Place — E. McCullough Dr. | Charlotte, NC | (4 | ) | 1,045 | — | 35 | 73 | 491 | 618 | 1,118 | 491 | 653 | 2,262 | (563 | ) | 10/8/10 | 1996 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Durham — Research Triangle Park | Durham, NC | (4 | ) | 603 | 1,556 | 292 | 138 | 78 | 231 | 741 | 1,634 | 523 | 2,898 | (378 | ) | 12/13/12 | 1997 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — Research Triangle Park | Durham, NC | (4 | ) | 63 | 984 | 33 | 148 | 124 | 331 | 211 | 1,108 | 364 | 1,683 | (1,007 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — Research Triangle Park | Durham, NC | (4 | ) | 2,519 | 351 | 42 | 29 | 52 | 235 | 2,548 | 403 | 277 | 3,228 | (245 | ) | 10/8/10 | 1998 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — RTP — Miami Blvd. — North | Durham, NC | (4 | ) | 1,215 | 2,397 | 54 | 66 | 143 | 200 | 1,281 | 2,540 | 254 | 4,075 | (519 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — RTP — Miami Blvd. — South | Durham, NC | (4 | ) | 1,405 | 2,370 | 107 | 78 | 358 | 905 | 1,483 | 2,728 | 1,012 | 5,223 | (686 | ) | 10/8/10 | 1998 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — University | Durham, NC | (4 | ) | 1,208 | 3,006 | 43 | 76 | 324 | 650 | 1,284 | 3,330 | 693 | 5,307 | (926 | ) | 10/8/10 | 1997 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Durham — University — Ivy Creek Blvd. | Durham, NC | (4 | ) | 1,684 | 3,947 | 57 | 65 | 84 | 338 | 1,749 | 4,031 | 395 | 6,175 | (816 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Fayetteville — Cross Creek Mall | Fayetteville, NC | (4 | ) | 3,725 | 9,586 | 56 | 93 | 309 | 756 | 3,818 | 9,895 | 812 | 14,525 | (1,616 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Fayetteville — Owen Dr. | Fayetteville, NC | (4 | ) | 4,253 | 7,164 | 43 | 56 | 602 | 665 | 4,309 | 7,766 | 708 | 12,783 | (1,461 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Greensboro — Airport | Greensboro, NC | (4 | ) | 1,017 | 1,618 | 56 | 60 | 78 | 215 | 1,077 | 1,696 | 271 | 3,044 | (434 | ) | 10/8/10 | 1999 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Greensboro — Wendover Ave. | Greensboro, NC | (4 | ) | 1,047 | — | 33 | 106 | 101 | 272 | 1,153 | 101 | 305 | 1,559 | (278 | ) | 10/8/10 | 1995 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Greensboro — Wendover Ave. — Big Tree Way | Greensboro, NC | (4 | ) | 1,220 | 1,866 | 46 | 99 | 492 | 652 | 1,319 | 2,358 | 698 | 4,375 | (861 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Jacksonville — Camp Lejeune | Jacksonville, NC | (4 | ) | 4,815 | 10,609 | 38 | 64 | 408 | 554 | 4,879 | 11,017 | 592 | 16,488 | (1,588 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — RDU Airport | Morrisville, NC | (4 | ) | 833 | 3,939 | 43 | 27 | 260 | 547 | 860 | 4,199 | 590 | 5,649 | (767 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — Crabtree Valley | Raleigh, NC | (4 | ) | 1,276 | 2,350 | 493 | 100 | 59 | 269 | 1,376 | 2,409 | 762 | 4,547 | (642 | ) | 12/13/12 | 1998 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — North Raleigh | Raleigh, NC | (4 | ) | 634 | 1,414 | 34 | 59 | 165 | 357 | 693 | 1,579 | 391 | 2,663 | (485 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — North Raleigh | Raleigh, NC | (4 | ) | 1,120 | 4,043 | 38 | 75 | 341 | 533 | 1,195 | 4,384 | 571 | 6,150 | (969 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — North Raleigh | Raleigh, NC | (4 | ) | 956 | 2,771 | 43 | 71 | 234 | 389 | 1,027 | 3,005 | 432 | 4,464 | (644 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Raleigh — Northeast | Raleigh, NC | (4 | ) | 1,219 | 2,471 | 40 | 81 | 154 | 313 | 1,300 | 2,625 | 353 | 4,278 | (490 | ) | 10/8/10 | 1999 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Wilmington — New Centre Drive | Wilmington, NC | (4 | ) | 713 | 3,123 | 39 | 58 | 70 | 255 | 771 | 3,193 | 294 | 4,258 | (542 | ) | 10/8/10 | 1998 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Winston—Salem — Hanes Mall Blvd. | Winston—Salem, NC | (4 | ) | 776 | 2,573 | 40 | 75 | 100 | 239 | 851 | 2,673 | 279 | 3,803 | (547 | ) | 10/8/10 | 1996 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Winston—Salem — University Parkway | Winston—Salem, NC | (4 | ) | 1,003 | 1,531 | 44 | 11 | 36 | 222 | 1,014 | 1,567 | 266 | 2,847 | (487 | ) | 10/8/10 | 1998 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Omaha — West | Omaha, NE | (4 | ) | 1,117 | 2,601 | 39 | 79 | 139 | 271 | 1,196 | 2,740 | 310 | 4,246 | (658 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Nashua — Manchester | Nashua, NH | (4 | ) | 2,526 | 1,771 | 58 | 44 | 371 | 653 | 2,570 | 2,142 | 711 | 5,423 | (646 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Mt. Olive — Budd Lake | Budd Lake, NJ | (4 | ) | 835 | 3,898 | 103 | 109 | 418 | 633 | 944 | 4,316 | 736 | 5,996 | (1,018 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Cherry Hill | Cherry Hill, NJ | (4 | ) | 337 | 2,660 | 32 | 30 | 383 | 523 | 367 | 3,043 | 555 | 3,965 | (592 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Meadowlands — East Rutherford | E.Rutherford, NJ | (4 | ) | 957 | 6,141 | 61 | 91 | 959 | 1,047 | 1,048 | 7,100 | 1,108 | 9,256 | (1,594 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Edison — Raritan Center | Edison, NJ | (4 | ) | 1,363 | 8,976 | 48 | 108 | 609 | 961 | 1,471 | 9,585 | 1,009 | 12,065 | (1,780 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Elizabeth — Newark Airport | Elizabeth, NJ | (4 | ) | 202 | 11,175 | 119 | 63 | 766 | 911 | 265 | 11,941 | 1,030 | 13,236 | (3,200 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Somerset — Franklin | Franklin, NJ | (4 | ) | 761 | 4,096 | 63 | 55 | 409 | 600 | 816 | 4,505 | 663 | 5,984 | (1,078 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Maple Shade | Maple Shade, NJ | (4 | ) | 464 | 2,987 | 43 | 23 | 357 | 239 | 487 | 3,344 | 282 | 4,113 | (798 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Mt. Laurel — Pacilli Place | Mt Laurel, NJ | (4 | ) | 455 | 4,318 | 58 | 57 | 320 | 726 | 512 | 4,638 | 784 | 5,934 | (823 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Mt. Laurel —Crawford Place | Mt Laurel, NJ | (4 | ) | 313 | 2,632 | 31 | 48 | 413 | 491 | 361 | 3,045 | 522 | 3,928 | (615 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Piscataway — Rutgers University | Piscataway, NJ | (4 | ) | 907 | 6,348 | 62 | 173 | 638 | 823 | 1,080 | 6,986 | 885 | 8,951 | (1,466 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Princeton — West Windsor | Princeton, NJ | (4 | ) | 3,758 | 2,042 | 45 | 49 | 458 | 664 | 3,807 | 2,500 | 709 | 7,016 | (741 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Ramsey — Upper Saddle River | Ramsey, NJ | (4 | ) | 704 | 5,013 | 64 | 41 | 543 | 683 | 745 | 5,556 | 747 | 7,048 | (1,122 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Red Bank — Middletown | Red Bank, NJ | (4 | ) | 2,846 | 2,652 | 52 | 50 | 559 | 773 | 2,896 | 3,211 | 825 | 6,932 | (876 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Meadowlands — Rutherford | Rutherford, NJ | (4 | ) | 1,972 | 4,661 | 49 | 76 | 631 | 844 | 2,048 | 5,292 | 893 | 8,233 | (1,277 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Princeton — South Brunswick | S. Brunswick, NJ | (4 | ) | 761 | 3,728 | 50 | 126 | 518 | 825 | 887 | 4,246 | 875 | 6,008 | (1,247 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Secaucus — Meadowlands | Secaucus, NJ | (4 | ) | 1,644 | 13,946 | 122 | 99 | 672 | 845 | 1,743 | 14,618 | 967 | 17,328 | (2,301 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Secaucus — New York City Area | Secaucus, NJ | (4 | ) | 307 | 20,368 | 73 | 85 | 1,104 | 1,286 | 392 | 21,472 | 1,359 | 23,223 | (8,230 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Hanover — Parsippany | Whippany, NJ | (4 | ) | 3,549 | 6,181 | 60 | 97 | 820 | 956 | 3,646 | 7,001 | 1,016 | 11,663 | (1,554 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Newark — Woodbridge | Woodbridge, NJ | (4 | ) | 1,814 | 9,316 | 61 | 141 | 952 | 1,122 | 1,955 | 10,268 | 1,183 | 13,406 | (2,079 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Albuquerque — Airport | Albuquerque, NM | (4 | ) | 747 | 2,314 | 47 | 63 | 91 | 269 | 810 | 2,405 | 316 | 3,531 | (710 | ) | 10/8/10 | 1999 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Albuquerque — Northeast | Albuquerque, NM | (4 | ) | 1,012 | 1,233 | 42 | 47 | 121 | 259 | 1,059 | 1,354 | 301 | 2,714 | (534 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Albuquerque — Rio Rancho | Albuquerque, NM | (4 | ) | 1,051 | 4,453 | 38 | 33 | 141 | 264 | 1,084 | 4,594 | 302 | 5,980 | (718 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Albuquerque — Rio Rancho Blvd. | Rio Rancho, NM | (4 | ) | 1,561 | 5,734 | 51 | 65 | 201 | 336 | 1,626 | 5,935 | 387 | 7,948 | (938 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Las Vegas — Boulder Highway | Las Vegas, NV | (4 | ) | 1,804 | — | 41 | 55 | 162 | 401 | 1,859 | 162 | 442 | 2,463 | (288 | ) | 10/8/10 | 1992 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Las Vegas — East Flamingo | Las Vegas, NV | (4 | ) | 1,914 | 3,649 | 56 | 50 | 229 | 503 | 1,964 | 3,878 | 559 | 6,401 | (813 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Las Vegas — Midtown | Las Vegas, NV | (4 | ) | 1,782 | 3,495 | 45 | 64 | 100 | 365 | 1,846 | 3,595 | 410 | 5,851 | (670 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Las Vegas — Valley View | Las Vegas, NV | (4 | ) | 2,230 | 7,604 | 64 | 86 | 230 | 567 | 2,316 | 7,834 | 631 | 10,781 | (1,361 | ) | 10/8/10 | 1995 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Reno — South Meadows | Reno, NV | (4 | ) | 1,771 | 4,821 | 84 | 64 | 134 | 194 | 1,835 | 4,955 | 278 | 7,068 | (777 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Albany – SUNY | Albany, NY | (4 | ) | 1,246 | 6,462 | 47 | 51 | 752 | 970 | 1,297 | 7,214 | 1,017 | 9,528 | (1,374 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Buffalo — Amherst | Amherst, NY | (4 | ) | 665 | 5,464 | 43 | 65 | 393 | 811 | 730 | 5,857 | 854 | 7,441 | (1,174 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Long Island — Bethpage | Bethpage, NY | (4 | ) | 4,024 | 7,727 | 44 | 104 | 546 | 781 | 4,128 | 8,273 | 825 | 13,226 | (1,382 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Syracuse — Dewitt | East Syracuse, NY | (4 | ) | 669 | 4,692 | 43 | 169 | 550 | 775 | 838 | 5,242 | 818 | 6,898 | (1,202 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
White Plains — Elmsford | Elmsford, NY | (4 | ) | 1,124 | 12,986 | 74 | 421 | 1,007 | 1,052 | 1,545 | 13,993 | 1,126 | 16,664 | (2,239 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Fishkill — Route 9 | Fishkill, NY | (4 | ) | 1,616 | 6,316 | 47 | 47 | 124 | 307 | 1,663 | 6,440 | 354 | 8,457 | (982 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Fishkill — Westage Center | Fishkill, NY | (4 | ) | 946 | 5,653 | 111 | 75 | 384 | 650 | 1,021 | 6,037 | 761 | 7,819 | (1,104 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Long Island — Melville | Melville, NY | (4 | ) | 7,498 | 10,315 | 73 | 84 | 600 | 946 | 7,582 | 10,915 | 1,019 | 19,516 | (1,678 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Rochester — Greece | Rochester, NY | (4 | ) | 1,005 | 4,662 | 45 | 37 | 571 | 846 | 1,042 | 5,233 | 891 | 7,166 | (1,118 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Rochester — Henrietta | Rochester, NY | (4 | ) | 1,061 | 7,451 | 45 | 41 | 502 | 843 | 1,102 | 7,953 | 888 | 9,943 | (1,396 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
New York City — LaGuardia Airport | Whitestone, NY | (4 | ) | 8,634 | 14,468 | 84 | 101 | 661 | 897 | 8,735 | 15,129 | 981 | 24,845 | (2,206 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Blue Ash | Blue Ash, OH | (4 | ) | 956 | 697 | 46 | 73 | 336 | 815 | 1,029 | 1,033 | 861 | 2,923 | (366 | ) | 10/8/10 | 1997 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati – Blue Ash – Kenwood Road | Blue Ash, OH | (4 | ) | 928 | 2,223 | 50 | 47 | 81 | 302 | 975 | 2,304 | 352 | 3,631 | (582 | ) | 10/8/10 | 1998 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati – Blue Ash – Reagan Highway | Blue Ash, OH | (4 | ) | 535 | 651 | 28 | 85 | 52 | 244 | 620 | 703 | 272 | 1,595 | (255 | ) | 10/8/10 | 1991 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Brooklyn | Brooklyn, OH | (4 | ) | 1,006 | 3,280 | 42 | 66 | 135 | 641 | 1,072 | 3,415 | 683 | 5,170 | (660 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — East | Columbus, OH | (4 | ) | 1,036 | — | 29 | 126 | 65 | 257 | 1,162 | 65 | 286 | 1,513 | (213 | ) | 10/8/10 | 1989 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Columbus — Easton | Columbus, OH | (4 | ) | 1,185 | 4,416 | 50 | 112 | 553 | 635 | 1,297 | 4,969 | 685 | 6,951 | (918 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — North | Columbus, OH | (4 | ) | 824 | 1,251 | 43 | 55 | 110 | 325 | 879 | 1,361 | 368 | 2,608 | (407 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Polaris | Columbus, OH | (4 | ) | 1,431 | 5,351 | 61 | 98 | 696 | 1,065 | 1,529 | 6,047 | 1,126 | 8,702 | (1,165 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Worthington | Columbus, OH | (4 | ) | 781 | 1,115 | 36 | 76 | 270 | 257 | 857 | 1,385 | 293 | 2,535 | (434 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Akron — Copley — West | Copley, OH | (4 | ) | 795 | 240 | 44 | 76 | 95 | 281 | 871 | 335 | 325 | 1,531 | (259 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Akron — Copley | Copley, OH | (4 | ) | 875 | 1,080 | 35 | 58 | 164 | 291 | 933 | 1,244 | 326 | 2,503 | (321 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Dayton — North | Dayton , OH | (4 | ) | 813 | 3,567 | 49 | 95 | 182 | 373 | 908 | 3,749 | 422 | 5,079 | (729 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Dayton — South | Dayton, OH | (4 | ) | 500 | 1,899 | 29 | 108 | 245 | 243 | 608 | 2,144 | 272 | 3,024 | (489 | ) | 10/8/10 | 1989 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Dublin | Dublin, OH | (4 | ) | 1,329 | 1,294 | 38 | 46 | 430 | 670 | 1,375 | 1,724 | 708 | 3,807 | (495 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Sawmill Rd. | Dublin, OH | (4 | ) | 577 | 460 | 28 | 69 | 111 | 279 | 646 | 571 | 307 | 1,524 | (263 | ) | 10/8/10 | 1990 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Columbus — Tuttle | Dublin, OH | (4 | ) | 863 | 3,396 | 50 | 28 | 59 | 297 | 891 | 3,455 | 347 | 4,693 | (607 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Dayton — Fairborn | Fairborn, OH | (4 | ) | 757 | 2,848 | 34 | 88 | 124 | 337 | 845 | 2,972 | 371 | 4,188 | (709 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Fairfield | Fairfield, OH | (4 | ) | 459 | 1,293 | 28 | 139 | 90 | 214 | 598 | 1,383 | 242 | 2,223 | (365 | ) | 10/8/10 | 1989 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
Findlay — Tiffin Avenue | Findlay, OH | 671 | 2,596 | 77 | 76 | 105 | 281 | 747 | 2,701 | 358 | 3,806 | (561 | ) | 10/8/10 | 1999 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
Toledo — Holland | Holland, OH | (4 | ) | 1,002 | 2,986 | 45 | 38 | 103 | 260 | 1,040 | 3,089 | 305 | 4,434 | (533 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Toledo — Maumee | Maumee, OH | (4 | ) | 912 | 740 | 34 | 74 | 92 | 207 | 986 | 832 | 241 | 2,059 | (297 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Middleburg Heights | Middleburg | (4 | ) | 980 | 727 | 33 | 56 | 97 | 327 | 1,036 | 824 | 360 | 2,220 | (355 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Heights, OH | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Airport — North Olmsted | North Olmsted, OH | (4 | ) | 1,169 | 909 | 45 | 61 | 159 | 397 | 1,230 | 1,068 | 442 | 2,740 | (440 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Great Northern Mall | North Olmsted, OH | (4 | ) | 1,079 | 563 | 41 | 70 | 87 | 344 | 1,149 | 650 | 385 | 2,184 | (327 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Beachwood | Orange, OH | (4 | ) | 1,619 | — | 76 | 50 | 90 | 361 | 1,669 | 90 | 437 | 2,196 | (370 | ) | 10/8/10 | 2002 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Cleveland — Beachwood | Orange, OH | (4 | ) | 1,288 | 2,514 | 59 | 43 | 203 | 411 | 1,331 | 2,717 | 470 | 4,518 | (617 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati — Sharonville | Sharonville, OH | (4 | ) | 972 | 932 | 46 | 46 | 122 | 338 | 1,018 | 1,054 | 384 | 2,456 | (376 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati – Springdale – I—275 | Springdale, OH | (4 | ) | 852 | 1,843 | 45 | 53 | 167 | 329 | 905 | 2,010 | 374 | 3,289 | (497 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Cincinnati – Springdale – Tri—County Mall | Springdale, OH | (4 | ) | 1,052 | — | 28 | (712 | ) (5) | 138 | 247 | 340 | 138 | 275 | 753 | (180 | ) | 10/8/10 | 1988 | (6 | ) | |||||||||||||||||||||||||||||||||||||||||||
Cleveland — Westlake | Westlake, OH | (4 | ) | 1,569 | 1,329 | 36 | 47 | 117 | 230 | 1,616 | 1,446 | 266 | 3,328 | (363 | ) | 10/8/10 | 1997 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Oklahoma City — Airport | Oklahoma City, OK | (4 | ) | 1,197 | 1,835 | 37 | 88 | 161 | 346 | 1,285 | 1,996 | 383 | 3,664 | (426 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Oklahoma City — Northwest | Oklahoma City, OK | (4 | ) | 1,252 | 3,553 | 47 | 80 | 121 | 361 | 1,332 | 3,674 | 408 | 5,414 | (654 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Oklahoma City — NW Expressway | Oklahoma City, OK | (4 | ) | 1,152 | 2,983 | 43 | 65 | 366 | 811 | 1,217 | 3,349 | 854 | 5,420 | (653 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Tulsa — Central | Tulsa, OK | (4 | ) | 900 | 4,798 | 43 | 42 | 238 | 336 | 942 | 5,036 | 379 | 6,357 | (930 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Tulsa — Midtown | Tulsa, OK | (4 | ) | 807 | 2,461 | 35 | 85 | 130 | 346 | 892 | 2,591 | 381 | 3,864 | (627 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Beaverton | Beaverton, OR | (4 | ) | 3,210 | 4,410 | 50 | 54 | 648 | 927 | 3,264 | 5,058 | 977 | 9,299 | (1,261 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Beaverton — Eider Court | Beaverton, OR | (4 | ) | 1,856 | 5,825 | 44 | 45 | 485 | 728 | 1,901 | 6,310 | 772 | 8,983 | (1,064 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Hillsboro | Hillsboro, OR | (4 | ) | 4,174 | 8,101 | 63 | 59 | 895 | 1,099 | 4,233 | 8,996 | 1,162 | 14,391 | (1,449 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Gresham | Portland, OR | (4 | ) | 2,009 | 2,822 | 38 | 56 | 468 | 652 | 2,065 | 3,290 | 690 | 6,045 | (663 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Salem — North | Salem, OR | (4 | ) | 1,490 | 2,141 | 42 | 11 | 58 | 182 | 1,501 | 2,199 | 224 | 3,924 | (582 | ) | 10/8/10 | 1998 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Eugene — Springfield | Springfield, OR | (4 | ) | 1,431 | 2,879 | 41 | 12 | 120 | 296 | 1,443 | 2,999 | 337 | 4,779 | (781 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Tigard | Tigard, OR | (4 | ) | 3,425 | 4,456 | 48 | 53 | 632 | 929 | 3,478 | 5,088 | 977 | 9,543 | (1,251 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Bensalem | Bensalem, PA | (4 | ) | 1,408 | 6,689 | 38 | 79 | 496 | 671 | 1,487 | 7,185 | 709 | 9,381 | (1,146 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Allentown — Bethlehem | Bethlehem, PA | (4 | ) | 1,054 | 3,922 | 96 | 52 | 397 | 668 | 1,106 | 4,319 | 764 | 6,189 | (799 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Pittsburgh — Carnegie | Carnegie, PA | (4 | ) | 697 | 6,689 | 41 | 75 | 509 | 674 | 772 | 7,198 | 715 | 8,685 | (1,311 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Exton | Exton, PA | (4 | ) | 2,343 | 2,198 | 44 | 108 | 511 | 666 | 2,451 | 2,709 | 710 | 5,870 | (800 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Horsham — Dresher Rd. | Horsham, PA | (4 | ) | 1,691 | 5,111 | 49 | 62 | 790 | 947 | 1,753 | 5,901 | 996 | 8,650 | (1,354 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Horsham — Welsh Rd. | Horsham, PA | (4 | ) | 1,815 | 2,708 | 68 | 29 | 545 | 755 | 1,844 | 3,253 | 823 | 5,920 | (918 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — King of Prussia | King of Prussia, PA | (4 | ) | 2,871 | 7,293 | 58 | 113 | 787 | 968 | 2,984 | 8,080 | 1,026 | 12,090 | (1,622 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Malvern — Great Valley | Malvern, PA | (4 | ) | 1,772 | 2,699 | 44 | 65 | 518 | 621 | 1,837 | 3,217 | 665 | 5,719 | (852 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Malvern — Swedesford Rd. | Malvern, PA | (4 | ) | 78 | 4,384 | 40 | 55 | 649 | 762 | 133 | 5,033 | 802 | 5,968 | (1,487 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Pittsburgh — Monroeville | Monroeville, PA | (4 | ) | 1,731 | 10,487 | 42 | 82 | 467 | 635 | 1,813 | 10,954 | 677 | 13,444 | (1,753 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Airport — Bartram Ave. | Philadelphia, PA | (4 | ) | 1,654 | 7,808 | 52 | 84 | 486 | 845 | 1,738 | 8,294 | 897 | 10,929 | (1,358 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Airport — Tinicum Blvd. | Philadelphia, PA | (4 | ) | 1,610 | 9,057 | 57 | 94 | 702 | 1,039 | 1,704 | 9,759 | 1,096 | 12,559 | (1,592 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Pittsburgh — Airport | Pittsburgh, PA | (4 | ) | 806 | 6,583 | 53 | 70 | 252 | 738 | 876 | 6,835 | 791 | 8,502 | (1,028 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Wilkes—Barre — Hwy. 315 | Plains Township, PA | 852 | 3,670 | 108 | 126 | 70 | 237 | 978 | 3,740 | 345 | 5,063 | (686 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||||
Philadelphia — Plymouth Meeting | Plymouth Meeting, PA | (4 | ) | 1,111 | 7,505 | 120 | 123 | 1,366 | 935 | 1,234 | 8,871 | 1,055 | 11,160 | (1,697 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Pittsburgh — West Mifflin | West Mifflin, PA | (4 | ) | 885 | 7,893 | 95 | 49 | 403 | 571 | 934 | 8,296 | 666 | 9,896 | (1,339 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Providence — East Providence | East Providence, RI | (4 | ) | 1,632 | 6,713 | 70 | 70 | 413 | 653 | 1,702 | 7,126 | 723 | 9,551 | (1,195 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Providence — Airport | Warwick, RI | (4 | ) | 1,104 | 2,403 | 116 | 70 | 268 | 429 | 1,174 | 2,671 | 545 | 4,390 | (692 | ) | 10/8/10 | 1997 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Providence – Warwick | Warwick, RI | (4 | ) | 1,563 | 4,097 | 69 | 79 | 101 | 307 | 1,642 | 4,198 | 376 | 6,216 | (742 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Providence — West Warwick | West Warwick, RI | (4 | ) | 1,245 | 5,104 | 66 | 54 | 132 | 292 | 1,299 | 5,236 | 358 | 6,893 | (842 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Ft. Jackson | Columbia, SC | (4 | ) | 1,397 | 4,865 | 44 | 52 | 132 | 346 | 1,449 | 4,997 | 390 | 6,836 | (910 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — West — Interstate 126 | Columbia, SC | (4 | ) | 896 | 2,918 | 43 | 92 | 109 | 367 | 988 | 3,027 | 410 | 4,425 | (668 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — West — Stoneridge Dr. | Columbia, SC | (4 | ) | 554 | 1,437 | 33 | 102 | 126 | 240 | 656 | 1,563 | 273 | 2,492 | (461 | ) | 10/8/10 | 1995 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Greenville — Airport | Greenville, SC | (4 | ) | 727 | 3,464 | 40 | 30 | 58 | 276 | 757 | 3,522 | 316 | 4,595 | (622 | ) | 10/8/10 | 1996 | 36 | |||||||||||||||||||||||||||||||||||||||||||||
Greenville — Haywood Mall | Greenville, SC | (4 | ) | 672 | 1,082 | 33 | 83 | 95 | 281 | 755 | 1,177 | 314 | 2,246 | (399 | ) | 10/8/10 | 1995 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Columbia — Harbison | Irmo, SC | (4 | ) | 816 | 3,607 | 59 | 62 | 359 | 686 | 878 | 3,966 | 745 | 5,589 | (685 | ) | 10/8/10 | 1999 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Charleston — Mt. Pleasant | Mt. Pleasant , SC | (4 | ) | 1,713 | 5,571 | 39 | 68 | 513 | 722 | 1,781 | 6,084 | 761 | 8,626 | (1,171 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Charleston — Northwoods Blvd. | N. Charleston , SC | (4 | ) | 563 | 2,087 | 35 | 85 | 414 | 674 | 648 | 2,501 | 709 | 3,858 | (707 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Charleston — Airport | N. Charleston, SC | (4 | ) | 1,580 | 5,652 | 49 | 71 | 166 | 398 | 1,651 | 5,818 | 447 | 7,916 | (1,035 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Charleston — North Charleston | N. Charleston, SC | (4 | ) | 1,124 | 4,483 | 46 | 88 | 1,051 | 788 | 1,212 | 5,534 | 834 | 7,580 | (1,268 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Spartanburg — Asheville Hwy. | Spartanburg, SC | (4 | ) | 708 | 1,721 | 40 | 41 | 165 | 255 | 749 | 1,886 | 295 | 2,930 | (560 | ) | 10/8/10 | 1995 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Brentwood | Brentwood, TN | (4 | ) | 668 | 1,588 | 33 | 45 | 180 | 293 | 713 | 1,768 | 326 | 2,807 | (520 | ) | 10/8/10 | 1990 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Brentwood — South | Brentwood, TN | (4 | ) | 1,271 | 3,746 | 44 | 44 | 337 | 571 | 1,315 | 4,083 | 615 | 6,013 | (749 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Chattanooga — Airport | Chattanooga, TN | (4 | ) | 1,045 | 3,840 | 44 | 43 | 141 | 340 | 1,088 | 3,981 | 384 | 5,453 | (782 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Franklin — Cool Springs | Franklin, TN | (4 | ) | 1,898 | 3,263 | 46 | 52 | 632 | 864 | 1,950 | 3,895 | 910 | 6,755 | (723 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Knoxville — Cedar Bluff | Knoxville, TN | (4 | ) | 768 | 3,224 | 36 | 37 | 104 | 205 | 805 | 3,328 | 241 | 4,374 | (654 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Knoxville — West Hills | Knoxville, TN | (4 | ) | 570 | 1,826 | 29 | 46 | 51 | 207 | 616 | 1,877 | 236 | 2,729 | (425 | ) | 10/8/10 | 1990 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Airport | Memphis, TN | (4 | ) | 329 | 1,900 | 66 | 31 | 137 | 407 | 360 | 2,037 | 473 | 2,870 | (506 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Apple Tree | Memphis, TN | (4 | ) | 1,052 | — | 29 | 37 | 318 | 365 | 1,089 | 318 | 394 | 1,801 | (233 | ) | 10/8/10 | 1990 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Memphis — Cordova | Memphis, TN | (4 | ) | 736 | 1,937 | 34 | 54 | 425 | 377 | 790 | 2,362 | 411 | 3,563 | (535 | ) | 10/8/10 | 1996 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Mt. Moriah | Memphis, TN | (4 | ) | 827 | 1,670 | 45 | 151 | 740 | 386 | 978 | 2,410 | 431 | 3,819 | (652 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Poplar Avenue | Memphis, TN | (4 | ) | 1,445 | 4,416 | 60 | 54 | 212 | 641 | 1,499 | 4,628 | 701 | 6,828 | (807 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Quail Hollow | Memphis, TN | (4 | ) | 849 | 3,071 | 42 | 38 | 422 | 731 | 887 | 3,493 | 773 | 5,153 | (620 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Sycamore View | Memphis, TN | (4 | ) | 532 | 1,939 | 50 | 58 | 133 | 287 | 590 | 2,072 | 337 | 2,999 | (474 | ) | 10/8/10 | 1997 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Memphis — Wolfchase Galleria | Memphis, TN | (4 | ) | 1,137 | 5,177 | 75 | 73 | 56 | 511 | 1,210 | 5,233 | 586 | 7,029 | (899 | ) | 10/8/10 | 1999 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Airport | Nashville, TN | (4 | ) | 1,033 | 3,649 | 42 | 91 | 202 | 399 | 1,124 | 3,851 | 441 | 5,416 | (736 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Airport — Briley Pkwy. | Nashville, TN | (4 | ) | 1,008 | 1,455 | 39 | 7 | 94 | 211 | 1,015 | 1,549 | 250 | 2,814 | (431 | ) | 10/8/10 | 1997 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Airport — Elm Hill Pike | Nashville, TN | (4 | ) | 812 | 1,543 | 33 | 83 | 86 | 282 | 895 | 1,629 | 315 | 2,839 | (464 | ) | 10/8/10 | 1993 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Airport — Music City | Nashville, TN | (4 | ) | 2,779 | 2,379 | 56 | 33 | 596 | 934 | 2,812 | 2,975 | 990 | 6,777 | (586 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Nashville — Vanderbilt | Nashville, TN | (4 | ) | 1,918 | 9,993 | 78 | 40 | 541 | 818 | 1,958 | 10,534 | 896 | 13,388 | (1,572 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Amarillo — West | Amarillo, TX | (4 | ) | 489 | 3,478 | 45 | 46 | 103 | 342 | 535 | 3,581 | 387 | 4,503 | (654 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Arlington | Arlington, TX | (4 | ) | 1,155 | 871 | 43 | 58 | 846 | 856 | 1,213 | 1,717 | 899 | 3,829 | (1,005 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Arlington — Six Flags | Arlington, TX | (4 | ) | 814 | 4,330 | 57 | 96 | 467 | 1,047 | 910 | 4,797 | 1,104 | 6,811 | (992 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Round Rock — South | Austin , TX | (4 | ) | 676 | 3,755 | 96 | 60 | 421 | 714 | 736 | 4,176 | 810 | 5,722 | (978 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Arboretum — Capital of Texas Hwy. | Austin, TX | (4 | ) | 734 | 4,455 | 43 | 71 | 575 | 664 | 805 | 5,030 | 707 | 6,542 | (959 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Arboretum — North | Austin, TX | (4 | ) | 1,080 | 5,322 | 56 | 44 | 574 | 1,224 | 1,124 | 5,896 | 1,280 | 8,300 | (1,076 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Arboretum — South | Austin, TX | (4 | ) | 1,059 | 2,857 | 44 | 74 | 794 | 1,043 | 1,133 | 3,651 | 1,087 | 5,871 | (1,147 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Downtown — 6th St. | Austin, TX | (4 | ) | 1,915 | 12,925 | 50 | 57 | 423 | 712 | 1,972 | 13,348 | 762 | 16,082 | (1,968 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Downtown — Town Lake | Austin, TX | (4 | ) | 3,043 | 11,933 | 58 | 56 | 791 | 1,165 | 3,099 | 12,724 | 1,223 | 17,046 | (2,083 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Metro | Austin, TX | (4 | ) | 677 | 1,768 | 53 | 48 | 57 | 378 | 725 | 1,825 | 431 | 2,981 | (447 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — North Central | Austin, TX | (4 | ) | 1,711 | — | 58 | 94 | 320 | 612 | 1,805 | 320 | 670 | 2,795 | (476 | ) | 10/8/10 | 1998 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Austin — Northwest — Lakeline Mall | Austin, TX | (4 | ) | 601 | 2,842 | 75 | 76 | 412 | 765 | 677 | 3,254 | 840 | 4,771 | (904 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Northwest — Research Park | Austin, TX | (4 | ) | 1,028 | 5,422 | 59 | 143 | 856 | 1,239 | 1,171 | 6,278 | 1,298 | 8,747 | (1,265 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Round Rock — North | Austin, TX | (4 | ) | 604 | 3,676 | 50 | 157 | 259 | 446 | 761 | 3,935 | 496 | 5,192 | (891 | ) | 10/8/10 | 1998 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — Southwest | Austin, TX | (4 | ) | 4,628 | 3,811 | 84 | 51 | 480 | 804 | 4,679 | 4,291 | 888 | 9,858 | (1,046 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Austin — West | Austin, TX | (4 | ) | 549 | 1,667 | 49 | 55 | 117 | 354 | 604 | 1,784 | 403 | 2,791 | (575 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Bedford | Bedford, TX | (4 | ) | 540 | 2,600 | 53 | 117 | 58 | 267 | 657 | 2,658 | 320 | 3,635 | (535 | ) | 10/8/10 | 1998 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Corpus Christi — Staples | Corpus, TX | (4 | ) | 1,246 | 5,337 | 47 | 83 | 91 | 310 | 1,329 | 5,428 | 357 | 7,114 | (922 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Coit Road | Dallas, TX | (4 | ) | 555 | 1,430 | 42 | 120 | 195 | 366 | 675 | 1,625 | 408 | 2,708 | (486 | ) | 10/8/10 | 1994 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Frankford Road | Dallas, TX | (4 | ) | 891 | 1,301 | 131 | 75 | 571 | 776 | 966 | 1,872 | 907 | 3,745 | (638 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Greenville Avenue | Dallas, TX | (4 | ) | 581 | 3,125 | 42 | 79 | 143 | 349 | 660 | 3,268 | 391 | 4,319 | (635 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Market Center | Dallas, TX | (4 | ) | 748 | 4,625 | 71 | 67 | 43 | 295 | 815 | 4,668 | 366 | 5,849 | (760 | ) | 10/8/10 | 1997 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — North Addison — Tollway | Dallas, TX | (4 | ) | 493 | 1,268 | 39 | 58 | 142 | 344 | 551 | 1,410 | 383 | 2,344 | (397 | ) | 10/8/10 | 1993 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — North Park | Dallas, TX | (4 | ) | 581 | 3,317 | 50 | 126 | 198 | 470 | 707 | 3,515 | 520 | 4,742 | (769 | ) | 10/8/10 | 1997 | 35 | |||||||||||||||||||||||||||||||||||||||||||||
El Paso — Airport | El Paso, TX | (4 | ) | 951 | 6,206 | 55 | 62 | 214 | 372 | 1,013 | 6,420 | 427 | 7,860 | (1,144 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
El Paso — West | El Paso, TX | (4 | ) | 918 | 3,271 | 34 | 47 | 138 | 324 | 965 | 3,409 | 358 | 4,732 | (749 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Farmers Branch | Farmers Branch, TX | (4 | ) | 511 | 1,451 | 38 | 50 | 41 | 260 | 561 | 1,492 | 298 | 2,351 | (432 | ) | 10/8/10 | 1998 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth — City View | Fort Worth, TX | (4 | ) | 724 | 2,888 | 43 | 65 | 491 | 749 | 789 | 3,379 | 792 | 4,960 | (653 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth — Fossil Creek | Fort Worth, TX | (4 | ) | 695 | 3,944 | 50 | (5 | ) | 93 | 261 | 690 | 4,037 | 311 | 5,038 | (665 | ) | 10/8/10 | 1998 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Fort Worth — Fossil Creek | Fort Worth, TX | (4 | ) | 600 | 2,253 | 43 | 25 | 286 | 263 | 625 | 2,539 | 306 | 3,470 | (714 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth — Medical Center | Fort Worth, TX | (4 | ) | 1,811 | 3,954 | 39 | 40 | 405 | 709 | 1,851 | 4,359 | 748 | 6,958 | (803 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Fort Worth — Southwest | Fort Worth, TX | (4 | ) | 1,102 | 3,734 | 46 | 56 | 117 | 247 | 1,158 | 3,851 | 293 | 5,302 | (625 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Galleria — Uptown | Houston, TX | (4 | ) | 890 | 9,696 | 66 | 67 | 648 | 974 | 957 | 10,344 | 1,040 | 12,341 | (1,707 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Galleria – Westheimer | Houston, TX | (4 | ) | 729 | 9,020 | 45 | 54 | 595 | 741 | 783 | 9,615 | 786 | 11,184 | (1,529 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Greenspoint | Houston, TX | (4 | ) | 381 | 840 | 39 | 113 | 453 | 832 | 494 | 1,293 | 871 | 2,658 | (764 | ) | 10/8/10 | 1998 | 28 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Greenway Plaza | Houston, TX | (4 | ) | 603 | 8,266 | 46 | 92 | 465 | 759 | 695 | 8,731 | 805 | 10,231 | (1,421 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Houston – Katy Freeway — Energy Corridor | Houston, TX | 2,040 | 5,507 | 549 | 19 | 90 | 125 | 2,059 | 5,597 | 674 | 8,330 | (305 | ) | 12/31/13 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||||
Houston — Katy Frwy — Beltway 8 | Houston, TX | (4 | ) | 304 | 2,701 | 44 | 78 | 569 | 755 | 382 | 3,270 | 799 | 4,451 | (928 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Med. Ctr. — Braeswood Blvd. | Houston, TX | (4 | ) | 998 | 10,111 | 122 | 113 | 1,120 | 1,174 | 1,111 | 11,231 | 1,296 | 13,638 | (1,871 | ) | 10/8/10 | 1997 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Med. Ctr. — Reliant Pk. — Fannin St. | Houston, TX | (4 | ) | 1,311 | 7,833 | 53 | 141 | 590 | 1,310 | 1,452 | 8,423 | 1,363 | 11,238 | (2,047 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Med. Ctr. — Reliant Pk. — La Concha Ln. | Houston, TX | (4 | ) | 544 | 5,470 | 60 | 59 | 56 | 292 | 603 | 5,526 | 352 | 6,481 | (870 | ) | 10/8/10 | 1997 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — NASA — Johnson Space Center | Houston, TX | (4 | ) | 535 | 4,068 | 44 | 113 | 894 | 324 | 648 | 4,962 | 368 | 5,978 | (923 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Northwest | Houston, TX | (4 | ) | 499 | 4,878 | 50 | 34 | 171 | 247 | 533 | 5,049 | 297 | 5,879 | (768 | ) | 10/8/10 | 1997 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Northwest | Houston, TX | (4 | ) | 306 | 2,264 | 48 | 18 | 65 | 289 | 324 | 2,329 | 337 | 2,990 | (676 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Sugar Land | Houston, TX | 1,882 | 5,904 | 549 | 6 | 404 | 745 | 1,888 | 6,308 | 1,294 | 9,490 | (335 | ) | 12/31/13 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||||
Houston — West Oaks | Houston, TX | (4 | ) | 330 | 2,247 | 48 | 11 | 159 | 263 | 341 | 2,406 | 311 | 3,058 | (641 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Westchase — Richmond | Houston, TX | (4 | ) | 286 | 3,074 | 38 | 73 | 17 | 300 | 359 | 3,091 | 338 | 3,788 | (545 | ) | 10/8/10 | 1998 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Westchase — Westheimer | Houston, TX | (4 | ) | 646 | 6,571 | 43 | 54 | 666 | 1,071 | 700 | 7,237 | 1,114 | 9,051 | (1,811 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Willowbrook | Houston, TX | (4 | ) | 836 | 4,187 | 48 | 83 | 749 | 1,075 | 919 | 4,936 | 1,123 | 6,978 | (1,367 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Willowbrook — HWY 249 | Houston, TX | (4 | ) | 329 | 3,432 | 38 | 71 | 347 | 292 | 400 | 3,779 | 330 | 4,509 | (713 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — DFW Airport N. | Irving, TX | (4 | ) | 698 | 1,510 | 130 | 84 | 92 | 434 | 782 | 1,602 | 564 | 2,948 | (560 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Irving | Irving, TX | (4 | ) | 539 | 1,701 | 45 | 45 | 53 | 240 | 584 | 1,754 | 285 | 2,623 | (501 | ) | 10/8/10 | 1998 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Las Colinas — Carnaby St. | Irving, TX | (4 | ) | 1,220 | 3,061 | 51 | 100 | 101 | 311 | 1,320 | 3,162 | 362 | 4,844 | (708 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Las Colinas — Green Park Dr. | Irving, TX | (4 | ) | 875 | 2,338 | 98 | 71 | 376 | 878 | 946 | 2,714 | 976 | 4,636 | (673 | ) | 10/8/10 | 1998 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Laredo — Del Mar | Laredo, TX | (4 | ) | 513 | 2,959 | 63 | 80 | 194 | 347 | 593 | 3,153 | 410 | 4,156 | (638 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Las Colinas — Meadow Creek Dr. | Las Colinas, TX | (4 | ) | 844 | 3,605 | 84 | 71 | 71 | 341 | 915 | 3,676 | 425 | 5,016 | (729 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Lewisville | Lewisville, TX | (4 | ) | 564 | 1,020 | 38 | 76 | 364 | 637 | 640 | 1,384 | 675 | 2,699 | (746 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Lubbock — Southwest | Lubbock, TX | (4 | ) | 571 | 4,931 | 76 | 38 | 125 | 283 | 609 | 5,056 | 359 | 6,024 | (824 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Mesquite | Mesquite, TX | (4 | ) | 708 | 2,442 | 50 | 20 | 93 | 312 | 728 | 2,535 | 362 | 3,625 | (677 | ) | 10/8/10 | 1998 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Plano | Plano, TX | (4 | ) | 735 | 4,386 | 90 | 72 | 545 | 1,081 | 807 | 4,931 | 1,171 | 6,909 | (867 | ) | 10/8/10 | 1999 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Plano — Plano Parkway | Plano, TX | (4 | ) | 649 | 1,999 | 45 | 148 | 43 | 223 | 797 | 2,042 | 268 | 3,107 | (433 | ) | 10/8/10 | 1997 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Plano Parkway | Plano, TX | (4 | ) | 776 | 3,662 | 118 | 44 | 216 | 594 | 820 | 3,878 | 712 | 5,410 | (689 | ) | 10/8/10 | 1996 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Dallas — Richardson | Richardson, TX | (4 | ) | 1,014 | 5,535 | 144 | 80 | 482 | 1,114 | 1,094 | 6,017 | 1,258 | 8,369 | (1,028 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
San Antonio — Airport | San Antonio, TX | (4 | ) | 1,443 | 4,710 | 53 | 74 | 285 | 358 | 1,517 | 4,995 | 411 | 6,923 | (1,020 | ) | 10/8/10 | 1995 | 30 | |||||||||||||||||||||||||||||||||||||||||||||
San Antonio — Colonnade | San Antonio, TX | (4 | ) | 865 | 5,060 | 52 | 71 | 83 | 388 | 936 | 5,143 | 440 | 6,519 | (846 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — The Woodlands | Spring, TX | (4 | ) | 455 | 5,700 | 55 | 63 | 586 | 873 | 518 | 6,286 | 928 | 7,732 | (1,471 | ) | 10/8/10 | 1998 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — Stafford | Stafford, TX | (4 | ) | 389 | 1,774 | 35 | 100 | 108 | 360 | 489 | 1,882 | 395 | 2,766 | (518 | ) | 10/8/10 | 1997 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
Waco — Woodway | Waco, TX | (4 | ) | 553 | 4,053 | 47 | 49 | 66 | 342 | 602 | 4,119 | 389 | 5,110 | (709 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Houston — NASA — Bay Area Blvd. | Webster, TX | (4 | ) | 516 | 5,301 | 45 | 57 | 262 | 290 | 573 | 5,563 | 335 | 6,471 | (894 | ) | 10/8/10 | 1997 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Salt Lake City — Union Park | Midvale, UT | (4 | ) | 1,236 | 4,122 | 47 | 60 | 682 | 929 | 1,296 | 4,804 | 976 | 7,076 | (984 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Salt Lake City — Mid Valley | Salt Lake City, UT | (4 | ) | 1,961 | 3,716 | 58 | 138 | 331 | 681 | 2,099 | 4,047 | 739 | 6,885 | (969 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Salt Lake City — Sugar House | Salt Lake City, UT | (4 | ) | 2,166 | 7,029 | 39 | 149 | 513 | 730 | 2,315 | 7,542 | 769 | 10,626 | (1,358 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Salt Lake City — Sandy | Sandy, UT | (4 | ) | 977 | 3,949 | 45 | 127 | 469 | 803 | 1,104 | 4,418 | 848 | 6,370 | (893 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Salt Lake City — West Valley Center | West Valley, UT | (4 | ) | 1,183 | 3,592 | 43 | 109 | 448 | 815 | 1,292 | 4,040 | 858 | 6,190 | (826 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Alexandria — Landmark | Alexandria, VA | (4 | ) | 3,627 | 10,696 | 44 | 90 | 527 | 730 | 3,717 | 11,223 | 774 | 15,714 | (1,698 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, DC — Alexandria — Eisenhower Ave. | Alexandria, VA | (4 | ) | 5,147 | 14,424 | 60 | 74 | 645 | 953 | 5,221 | 15,069 | 1,013 | 21,303 | (2,568 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Centreville — Manassas | Centerville, VA | (4 | ) | 1,542 | 4,922 | 105 | 74 | 459 | 671 | 1,616 | 5,381 | 776 | 7,773 | (1,080 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Chantilly | Chantilly, VA | (4 | ) | 2,655 | 3,015 | 511 | 97 | 583 | 194 | 2,752 | 3,598 | 705 | 7,055 | (649 | ) | 12/13/12 | 1998 | 22 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Chantilly — Airport | Chantilly, VA | (4 | ) | 1,402 | 3,390 | 40 | (6 | ) | 568 | 678 | 1,396 | 3,958 | 718 | 6,072 | (987 | ) | 10/8/10 | 1998 | 38 | ||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Chantilly — Dulles South | Chantilly, VA | (4 | ) | 1,166 | 5,159 | 46 | 49 | 473 | 674 | 1,215 | 5,632 | 720 | 7,567 | (1,153 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Chesapeake — Churchland Blvd. | Chesapeake, VA | (4 | ) | 647 | 2,762 | 57 | 39 | 77 | 315 | 686 | 2,839 | 372 | 3,897 | (557 | ) | 10/8/10 | 2001 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Chesapeake — Crossways Blvd. | Chesapeake, VA | (4 | ) | 1,171 | 4,773 | 47 | 66 | 547 | 857 | 1,237 | 5,320 | 904 | 7,461 | (904 | ) | 10/8/10 | 1996 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Chesapeake — Greenbrier Circle | Chesapeake, VA | (4 | ) | 807 | 5,349 | 109 | 42 | 49 | 332 | 849 | 5,398 | 441 | 6,688 | (835 | ) | 10/8/10 | 2005 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Fairfax | Fairfax, VA | (4 | ) | 1,799 | 3,734 | 49 | 90 | 563 | 686 | 1,889 | 4,297 | 735 | 6,921 | (1,048 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Fairfax — Fair Oaks | Fairfax, VA | (4 | ) | 936 | 5,713 | 61 | 39 | 446 | 664 | 975 | 6,159 | 725 | 7,859 | (1,192 | ) | 10/8/10 | 2000 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Fairfax — Fair Oaks | Fairfax, VA | (4 | ) | 4,167 | 4,053 | 693 | 213 | 653 | 399 | 4,380 | 4,706 | 1,092 | 10,178 | (860 | ) | 12/13/12 | 1998 | 26 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Falls Church — Merrifield | Fairfax, VA | (4 | ) | 4,389 | 6,653 | 910 | 243 | 692 | 274 | 4,632 | 7,345 | 1,184 | 13,161 | (965 | ) | 12/13/12 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Richmond — Innsbrook | Glen Allen, VA | (4 | ) | 1,069 | 1,991 | 45 | 55 | 146 | 461 | 1,124 | 2,137 | 506 | 3,767 | (614 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Richmond — Innsbrook | Glen Allen, VA | (4 | ) | 1,999 | 2,496 | 501 | 100 | 214 | 189 | 2,099 | 2,710 | 690 | 5,499 | (605 | ) | 12/13/12 | 1997 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Hampton — Coliseum | Hampton, VA | (4 | ) | 1,049 | 2,120 | 97 | 62 | 140 | 588 | 1,111 | 2,260 | 685 | 4,056 | (584 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Herndon — Dulles | Herndon, VA | (4 | ) | 1,159 | 5,808 | 150 | 37 | 262 | 676 | 1,196 | 6,070 | 826 | 8,092 | (1,004 | ) | 10/8/10 | 2005 | 45 | |||||||||||||||||||||||||||||||||||||||||||||
Lynchburg — University Blvd. | Lynchburg, VA | (4 | ) | 1,259 | 4,899 | 94 | 65 | 185 | 668 | 1,324 | 5,084 | 762 | 7,170 | (844 | ) | 10/8/10 | 2003 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Newport News — I—64 — Jefferson Avenue | Newport News, VA | (4 | ) | 982 | 2,655 | 34 | 45 | 88 | 308 | 1,027 | 2,743 | 342 | 4,112 | (639 | ) | 10/8/10 | 1997 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Newport News — Oyster Point | Newport News, VA | (4 | ) | 688 | 2,950 | 44 | 47 | 293 | 398 | 735 | 3,243 | 442 | 4,420 | (670 | ) | 10/8/10 | 1996 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Reston | Reston, VA | (4 | ) | 5,766 | 7,250 | 795 | 159 | 696 | 383 | 5,925 | 7,946 | 1,178 | 15,049 | (960 | ) | 12/13/12 | 1998 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
North Chesterfield — Arboretum | Richmond, VA | (4 | ) | 1,368 | 3,745 | 45 | 30 | 353 | 556 | 1,398 | 4,098 | 601 | 6,097 | (776 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Richmond — I—64 — West Broad Street | Richmond, VA | (4 | ) | 1,008 | 4,037 | 55 | 51 | 130 | 240 | 1,059 | 4,167 | 295 | 5,521 | (691 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Richmond — W. Broad Street — Glenside — South | Richmond, VA | (4 | ) | 660 | 1,677 | 39 | 83 | 1,226 | 432 | 743 | 2,903 | 471 | 4,117 | (788 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Roanoke — Airport | Roanoke, VA | (4 | ) | 844 | 1,949 | 35 | 30 | 212 | 336 | 874 | 2,161 | 371 | 3,406 | (488 | ) | 10/8/10 | 1998 | 34 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Springfield | Springfield, VA | (4 | ) | 3,417 | 15,207 | 134 | 59 | 437 | 704 | 3,476 | 15,644 | 838 | 19,958 | (2,244 | ) | 10/8/10 | 2004 | 44 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Sterling | Sterling , VA | (4 | ) | 1,375 | 5,167 | 39 | 60 | 457 | 681 | 1,435 | 5,624 | 720 | 7,779 | (994 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, DC — Dulles Airport — Sterling | Sterling, VA | (4 | ) | 4,709 | 2,618 | 707 | 130 | 133 | 185 | 4,839 | 2,751 | 892 | 8,482 | (683 | ) | 12/13/12 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Washington, D.C. — Tysons Corner | Vienna, VA | (4 | ) | 3,716 | 12,425 | 49 | 74 | 471 | 817 | 3,790 | 12,896 | 866 | 17,552 | (2,188 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Virginia Beach — Independence Blvd. | Virginia Beach, VA | (4 | ) | 1,769 | 6,115 | 43 | 84 | 318 | 574 | 1,853 | 6,433 | 617 | 8,903 | (1,157 | ) | 10/8/10 | 1996 | 31 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Bellevue — Downtown | Bellevue, WA | (4 | ) | 3,672 | 9,062 | 55 | 66 | 650 | 895 | 3,738 | 9,712 | 950 | 14,400 | (1,561 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Bellevue – Factoria | Bellevue, WA | (4 | ) | 2,697 | 8,912 | 55 | 44 | 920 | 1,028 | 2,741 | 9,832 | 1,083 | 13,656 | (1,764 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Redmond | Bellevue, WA | (4 | ) | 6,206 | 16,067 | 71 | 53 | 906 | 1,028 | 6,259 | 16,973 | 1,099 | 24,331 | (2,752 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Bothell — West | Bothell , WA | (4 | ) | 1,236 | 5,978 | 64 | 59 | 370 | 550 | 1,295 | 6,348 | 614 | 8,257 | (1,150 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Bothell — Canyon Park | Bothell, WA | (4 | ) | 2,266 | 7,932 | 57 | 87 | 570 | 900 | 2,353 | 8,502 | 957 | 11,812 | (1,684 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Everett – North | Everett, WA | (4 | ) | 1,175 | 6,615 | 38 | 51 | 427 | 704 | 1,226 | 7,042 | 742 | 9,010 | (1,324 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Everett – Silverlake | Everett, WA | (4 | ) | 4,008 | 9,000 | 54 | 47 | 458 | 865 | 4,055 | 9,458 | 919 | 14,432 | (1,444 | ) | 10/8/10 | 1999 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Federal Way | Federal Way, WA | (4 | ) | 761 | 4,918 | 38 | 77 | 479 | 629 | 838 | 5,397 | 667 | 6,902 | (1,114 | ) | 10/8/10 | 1999 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Tacoma — Fife | Fife, WA | (4 | ) | 814 | 4,397 | 38 | 67 | 513 | 700 | 881 | 4,910 | 738 | 6,529 | (1,051 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Kent — Des Moines | Kent , WA | (4 | ) | 869 | 3,865 | 43 | 21 | 82 | 248 | 890 | 3,947 | 291 | 5,128 | (890 | ) | 10/8/10 | 1998 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Kent | Kent, WA | (4 | ) | 923 | 3,724 | 43 | 43 | 611 | 830 | 966 | 4,335 | 873 | 6,174 | (875 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Lynnwood | Lynnwood, WA | (4 | ) | 1,829 | 5,408 | 41 | 46 | 564 | 775 | 1,875 | 5,972 | 816 | 8,663 | (1,089 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Mukilteo | Mukilteo, WA | (4 | ) | 1,894 | 8,893 | 84 | 46 | 265 | 540 | 1,940 | 9,158 | 624 | 11,722 | (1,430 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Tacoma — Puyallup | Puyallup, WA | (4 | ) | 994 | 3,934 | 43 | 33 | 31 | 182 | 1,027 | 3,965 | 225 | 5,217 | (899 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Renton | Renton, WA | (4 | ) | 1,714 | 5,924 | 62 | 68 | 593 | 1,146 | 1,782 | 6,517 | 1,208 | 9,507 | (1,197 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Northgate | Seattle, WA | (4 | ) | 1,214 | 8,655 | 86 | 67 | 512 | 763 | 1,281 | 9,167 | 849 | 11,297 | (1,580 | ) | 10/8/10 | 2002 | 42 | |||||||||||||||||||||||||||||||||||||||||||||
Spokane — Valley | Spokane, WA | (4 | ) | 626 | 2,848 | 38 | 19 | 92 | 167 | 645 | 2,940 | 205 | 3,790 | (698 | ) | 10/8/10 | 1998 | 23 | |||||||||||||||||||||||||||||||||||||||||||||
Tacoma — Hosmer | Tacoma, WA | (4 | ) | 734 | 3,436 | 46 | 27 | 86 | 207 | 761 | 3,522 | 253 | 4,536 | (827 | ) | 10/8/10 | 1999 | 24 | |||||||||||||||||||||||||||||||||||||||||||||
Tacoma — South | Tacoma, WA | (4 | ) | 1,162 | 6,871 | 40 | 128 | 494 | 774 | 1,290 | 7,365 | 814 | 9,469 | (1,184 | ) | 10/8/10 | 1998 | 40 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle – Southcenter | Tukwila, WA | (4 | ) | 1,005 | 4,129 | 35 | 78 | 1,475 | 718 | 1,083 | 5,604 | 753 | 7,440 | (1,109 | ) | 10/8/10 | 1998 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Seattle — Tukwila | Tukwila, WA | (4 | ) | 1,056 | 4,724 | 38 | 46 | 482 | 558 | 1,102 | 5,206 | 596 | 6,904 | (1,111 | ) | 10/8/10 | 1997 | 32 | |||||||||||||||||||||||||||||||||||||||||||||
Olympia — Tumwater | Tumwater, WA | (4 | ) | 1,428 | 5,495 | 70 | 66 | 397 | 745 | 1,494 | 5,892 | 815 | 8,201 | (1,150 | ) | 10/8/10 | 2001 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Portland — Vancouver | Vancouver, WA | (4 | ) | 1,122 | 5,671 | 42 | 69 | 525 | 759 | 1,191 | 6,196 | 801 | 8,188 | (1,230 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Appleton — Fox Cities | Appleton, WI | (4 | ) | 1,129 | 3,042 | 39 | 74 | 151 | 381 | 1,203 | 3,193 | 420 | 4,816 | (626 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Milwaukee — Brookfield | Brookfield, WI | (4 | ) | 2,579 | 5,647 | 49 | 51 | 297 | 469 | 2,630 | 5,944 | 518 | 9,092 | (1,014 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Madison — Junction Court | Madison, WI | (4 | ) | 1,197 | 2,790 | 39 | 55 | 134 | 297 | 1,252 | 2,924 | 336 | 4,512 | (559 | ) | 10/8/10 | 1998 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Madison — Old Sauk Rd. | Madison, WI | (4 | ) | 1,332 | 2,506 | 46 | 115 | 38 | 251 | 1,447 | 2,544 | 297 | 4,288 | (527 | ) | 10/8/10 | 1998 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Milwaukee — Waukesha | Waukesha, WI | (4 | ) | 1,311 | 3,215 | 44 | 75 | 100 | 383 | 1,386 | 3,315 | 427 | 5,128 | (651 | ) | 10/8/10 | 1997 | 37 | |||||||||||||||||||||||||||||||||||||||||||||
Milwaukee — Wauwatosa | Wauwatosa, WI | (4 | ) | 1,732 | 5,151 | 44 | 76 | 251 | 786 | 1,808 | 5,402 | 830 | 8,040 | (812 | ) | 10/8/10 | 1997 | 41 | |||||||||||||||||||||||||||||||||||||||||||||
Land Available for Development | Bloomington, MN | 1,821 | — | — | (146 | ) | — | — | 1,675 | — | — | 1,675 | — | 10/8/10 | |||||||||||||||||||||||||||||||||||||||||||||||||
ESH Hospitality, Inc. and Subsidiaries, Investment In Real Estate | $ | 1,306,246 | $ | 2,650,736 | $ | 48,463 | $ | 48,050 | $ | 243,994 | $ | 389,119 | $ | 1,354,296 | $ | 2,894,730 | $ | 437,582 | $ | 4,686,608 | $ | (606,960 | ) | ||||||||||||||||||||||||||||||||||||||||
Canada Operating Lessee | Canada | — | — | 544 | 121 | 9 | 5,023 | 121 | 9 | 5,567 | 5,697 | (1,640 | ) | 10/8/10 | |||||||||||||||||||||||||||||||||||||||||||||||||
Impairment on the Operating Lessees (5) | Various | — | — | — | (1,582 | ) | (718 | ) | — | (1,582 | ) | (718 | ) | — | (2,300 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||
Management Business | Charlotte, NC | — | — | — | — | — | 19,957 | — | — | 19,957 | 19,957 | (13,914 | ) | 9/1/11 | |||||||||||||||||||||||||||||||||||||||||||||||||
Extended Stay America, Inc. and Subsidiaries, Investment in Real Estate | $ | 1,306,246 | $ | 2,650,736 | $ | 49,007 | $ | 46,589 | $ | 243,285 | $ | 414,099 | $ | 1,352,835 | $ | 2,894,021 | $ | 463,106 | $ | 4,709,962 | $ | (622,514 | ) | ||||||||||||||||||||||||||||||||||||||||
-1 | Costs capitalized subsequent to acquisition are presented net of disposals, impairments charges and translation of real estate denominated in foreign currency. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-2 | The aggregate cost for federal income tax purposes as of December 31, 2014 for Extended Stay America, Inc. and ESH Hospitality, Inc. was $4,715,593 and $4,703,781, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-3 | Depreciable lives are based on the largest asset — hotel building(s); however, a portion of the real estate at each hotel property consists of items with a useful life less than that of the building(s). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-4 | Each of these properties serve as collateral for ESH REIT’s $2.52 billion 2012 Mortgage Loan. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-5 | Each of these capitalized costs is net of impairment charges. For real estate owned as of December 31, 2014, the total cumulative impairment charges recognized by ESH REIT and the Operating Lessees were $2,733 and $2,300, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-6 | The majority of the depreciable real estate at this property consists of furniture, fixtures and equipment, which have estimated useful lives of 1 to 10 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended Stay America, Inc. and Subsidiaries and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ESH Hospitality, Inc. and Subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule III—Real Estate and Accumulated Depreciation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A summary of activity of investment in real estate and accumulated depreciation is as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Company’s changes in investment in real estate for the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 4,566,688 | $ | 4,385,964 | $ | 3,996,335 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | 167,910 | 180,157 | 271,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions | — | 16,429 | 131,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deductions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dispositions and other | 22,336 | 12,532 | 12,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment | 2,300 | 3,330 | 1,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 4,709,962 | $ | 4,566,688 | $ | 4,385,964 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Company’s changes in accumulated depreciation for the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 439,371 | $ | 275,342 | $ | 152,203 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation | 185,833 | 166,679 | 128,564 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deductions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dispositions and other | 2,690 | 2,650 | 5,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 622,514 | $ | 439,371 | $ | 275,342 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ESH REIT’s changes in investment in real estate for the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 4,546,418 | $ | 4,385,964 | $ | 3,996,335 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures | 162,131 | 179,104 | 271,222 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Acquisitions | — | 16,429 | 131,831 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deductions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dispositions and other | 21,941 | 31,749 | 12,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Impairment | — | 3,330 | 1,420 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 4,686,608 | $ | 4,546,418 | $ | 4,385,964 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ESH REIT’s changes in accumulated depreciation for the years ended December 31, 2014, 2013 and 2012 were as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, beginning of period | $ | 426,479 | $ | 275,342 | $ | 152,203 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation | 183,033 | 165,998 | 128,564 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deductions during period: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dispositions and other | 2,552 | 14,861 | 5,425 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Balance, end of period | $ | 606,960 | $ | 426,479 | $ | 275,342 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Use of Estimates | Use of Estimates—The preparation of the accompanying consolidated and combined financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the allocation of purchase price to assets that were acquired in 2013 and 2012 (see Note 4). Significant estimates also include the estimated useful lives of tangible assets as well as the assessment of tangible and intangible assets, including goodwill for impairment, estimated liabilities for insurance reserves and the grant-date fair value of restricted stock awards related to equity-based compensation prior to the completion of the Pre-IPO Transactions. Actual results could differ from those estimates. | ||||
Cash and Cash Equivalents | Cash and Cash Equivalents—The Company considers all cash on hand, demand deposits with financial institutions, credit card receivables, and short-term, highly liquid investments with original maturities of three months or less to be cash equivalents. The Company has deposits in excess of $250,000 with financial institutions that are not insured by the Federal Deposit Insurance Corporation. The Company does not believe cash and cash equivalents expose it to significant credit risk. | ||||
Accounts Receivable and Allowance for Doubtful Accounts | Accounts Receivable and Allowance for Doubtful Accounts—Provision for doubtful accounts is made when collection of receivables is considered doubtful. Balances are considered past due when payment is not received by the contractual due date. When management determines that accounts receivable are uncollectible, they are written off against the allowance for doubtful accounts. | ||||
Restricted Cash | Restricted Cash—Restricted cash primarily consists of amounts held in cash management accounts and in escrows for the payment of hotel occupancy/sales taxes, real estate taxes and insurance, capital improvements, ground leases, operating expenses (including management fees and reimbursements) and mortgage debt service, all as required by ESH REIT’s mortgage loan agreement (see Note 7). As of December 31, 2014, restricted cash also includes deposits held for insurance collateral of approximately $21.6 million. | ||||
Property and Equipment | Property and Equipment—Property and equipment additions are recorded at cost. Major improvements that extend the life or utility of property or equipment are capitalized and depreciated over a period equal to the shorter of the estimated useful life of the improvement or the remaining estimated useful life of the asset. Ordinary repairs and maintenance are charged to expense as incurred. | ||||
Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | |||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Management assesses whether there has been impairment of the value of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property to the estimated future undiscounted cash flows expected to be generated by each hotel property. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of each hotel property. | |||||
To the extent that a hotel property is impaired, the excess carrying amount of each hotel property over its estimated fair value is charged to operating earnings. Fair value is determined based upon the discounted cash flows of each hotel property, quoted market prices or independent appraisals, as considered necessary. The Company recognized impairment charges related to property and equipment of approximately $2.3 million, $3.3 million and $1.4 million for the years ended December 31, 2014, 2013 and 2012, respectively (see Note 5). | |||||
The estimation of future undiscounted cash flows is inherently uncertain and relies upon assumptions regarding current and future economic and market conditions. If such conditions change, then an impairment charge to reduce the carrying value of each hotel property could occur in a future period in which conditions change. | |||||
Depreciation and Amortization of Estimated Useful Lives | Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | ||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Intangible Assets and Liabilities | Intangible Assets and Liabilities—Intangible assets and liabilities include trademarks, above-market contracts, corporate customer relationships and customer databases. Above-market contracts, corporate customer relationships and customer databases are amortized using the straight-line method over their estimated remaining useful lives, which in the case of contracts is typically the remaining non-cancelable term. Finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. Trademarks are not amortized. Indefinite-lived intangible assets are reviewed for impairment at least annually. At such time their classification as indefinite-lived intangible assets is reassessed. The Company first assesses qualitative factors to determine if it is not more likely than not that the fair value of its indefinite-lived intangible assets is less than its carrying amount. No impairment charges related to intangible assets were recognized during the years ended December 31, 2014, 2013 or 2012. | ||||
Goodwill | Goodwill—Goodwill represents the excess purchase price over the fair value of net assets acquired. The Company tests goodwill for impairment at least annually in the fourth quarter. The Company tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company has one operating segment, which is its reporting unit; therefore, management analyzes goodwill associated with all hotels when analyzing for potential impairment. The Company first assesses qualitative factors to determine if it is not more likely than not that the fair value of its reporting unit is less than its carrying amount. No impairment charges related to goodwill were recognized during the years ended December 31, 2014, 2013 or 2012. | ||||
Property Acquisitions | Property Acquisitions—The purchase price of net tangible and identified intangible assets and liabilities are recorded based on their relative fair values on the date of acquisition. The fair value of the acquired land and site improvements, building and improvements, and furniture, fixtures and equipment is determined considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, based on independent appraisals and other relevant market data obtained in connection with the acquisition of the hotels. The results of operations of acquired hotel properties are included in the accompanying consolidated and combined statements of operations since their respective dates of acquisition. | ||||
Deferred Financing Costs | Deferred Financing Costs—Costs incurred in obtaining financing are amortized over the terms of the related loans on a straight-line basis, which approximates the effective interest method. Upon repayment of, or in conjunction with a material change in the terms of, the underlying debt agreement, remaining unamortized costs are charged to earnings. During the years ended December 31, 2014, 2013 and 2012, approximately $5.1 million, $11.7 million and $34.4 million, respectively, of unamortized deferred financing costs, primarily related to the prepayment of mortgage and mezzanine loans, were charged to earnings and are included in net interest expense in the accompanying consolidated and combined statements of operations. Amortization of deferred financing costs unrelated to the prepayment of mortgage and mezzanine loans, which is also included in net interest expense in the accompanying consolidated and combined statements of operations, was approximately $14.3 million, $12.5 million and $11.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||
Revenue Recognition | Revenue Recognition—Room and other hotel revenues are recognized when services are provided. Amounts paid in advance by customers are recorded as deferred revenues and included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. Other hotel revenues primarily consist of revenues derived from guest laundry, pet fees, internet fees, additional housekeeping, telephone and other miscellaneous fees or services. Occupancy, hotel and sales taxes collected from customers and remitted to the taxing authorities are excluded from revenues. | ||||
Advertising Cost | Advertising Costs—Advertising costs are expensed as incurred. In 2014, total advertising costs were approximately $28.3 million and are classified as hotel operating expenses in the accompanying consolidated statement of operations. Prior to 2014, internet advertising costs were included in hotel operating expenses and all other advertising costs were included in general and administrative expenses in the accompanying consolidated and combined statements of operations. For the years ended December 31, 2013 and 2012, advertising costs were approximately $28.2 million and $25.2 million, respectively, approximately $18.8 million and $15.2 million of which are classified as hotel operating expenses, and approximately $9.4 million and $10.0 million of which are classified as general and administrative expenses, respectively. | ||||
Operating Leases | Operating Leases—Rent expense, including ground rent, is recognized on a straight-line basis over the terms of the related leases. | ||||
Fair Value of Financial Instruments | Fair Value of Financial Instruments—U.S. GAAP establishes a three-level valuation hierarchy based upon observable and unobservable inputs for fair value measurement of financial instruments: | ||||
Level 1—Observable inputs, such as quoted prices in active markets at the measurement date for identical assets or liabilities | |||||
Level 2—Significant inputs that are observable, directly or indirectly, such as other quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability | |||||
Level 3—Significant unobservable inputs for which there is little to no market data and for which the Company makes its own assumptions about how market participants would price the asset or liability | |||||
Fair value is defined as the price that would be received when selling an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest-level input significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. | |||||
The Company’s financial instruments consist of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities, mortgage and term loans, mandatorily redeemable preferred stock and revolving credit facilities. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities and revolving credit facilities are representative of their fair values due to the short-term nature or frequent settlement of these instruments. The fair values of mortgage and term loans and mandatorily redeemable preferred stock are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on the Company’s current mortgage and term loans and mandatorily redeemable preferred stock or quoted market prices, when available (see Notes 7 and 8). | |||||
Derivative Instruments | Derivative Instruments—Derivative instruments, including derivative instruments embedded in other contracts (if applicable), are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met. The Company does not enter into derivative financial instruments for trading or speculative purposes. | ||||
Insurance Reserves | Insurance Reserves—The Company utilizes various high-deductible insurance programs for workers’ compensation, general liability and health insurance claims. Such retained losses require estimates in determining the liability for claims arising under these programs. Workers’ compensation, general liability and health insurance liabilities are estimated using actuarial evaluations based on historical and projected claims and medical cost trends. As of December 31, 2014 and 2013, approximately $41.3 million and $36.2 million, respectively, of liabilities for such high-deductible insurance programs are included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. | ||||
Variable Interest Entity | Variable Interest Entity—Prior to the Pre-IPO Transactions, the Company held a variable interest in HVM, a separate, independently owned hotel management and administrative services company (see Note 12). The Company’s maximum exposure to loss as a result of its involvement with HVM was related to the need to secure alternative hotel management services and systems support if HVM were ever unable to fulfill its obligations under its management agreements with ESH REIT. The assets of HVM could not be used to settle obligations of the Company and the Company’s assets could not be used to settle obligations of HVM. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, the Company or the Company’s predecessor represented approximately 99% and 97%, respectively, of the business conducted by HVM. The Company concluded that it was the primary beneficiary of HVM and, as a result, consolidated the financial position, results of operations, comprehensive income and cash flows of HVM for periods prior to the Pre-IPO Transactions. Since the Company had no equity interest in HVM, the results of operations and members’ capital of HVM were reported as noncontrolling interests in the accompanying consolidated and combined financial statements for periods through the Pre-IPO Transactions. Subsequent to the Pre-IPO Transactions, HVM no longer meets the definition of a variable interest entity. See summarized financial information of HVM in Note 12. | ||||
Income Taxes | Income Taxes—Subsequent to the Pre-IPO Transactions, the Company’s taxable income includes the taxable income of its wholly-owned subsidiaries, ESA Management, ESH Strategies and the Operating Lessees, and includes distribution income related to its ownership of approximately 55% of ESH REIT. As a result, approximately 55% of ESH REIT’s distributions are subject to corporate income tax. Prior to 2014, the Corporation received no distribution income with respect to its ownership interest in ESH REIT. Prior to the Pre-IPO Transactions, all of ESH REIT’s distributions were made to its owners (i.e., the Sponsors) and ESH REIT generally incurred no federal income tax. | ||||
The Company recognizes deferred tax assets and liabilities using the asset and liability method, under which deferred tax assets and liabilities are calculated based upon the temporary differences between the financial statement and income tax bases of assets and liabilities using currently enacted tax rates. Valuation allowances are provided if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized in future periods. The realization of deferred tax assets is primarily dependent on estimated future taxable income. A change in the estimate of future taxable income may require an addition to, or a reduction of, the valuation allowance. | |||||
ESH REIT has elected to be taxed as and expects to continue to qualify as a real estate investment trust (“REIT”) under provisions of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | |||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax. In the future, ESH REIT intends to distribute approximately 95% of its taxable income and net capital gain. Accordingly, ESH REIT is expected to be subject to federal and state income tax on approximately 5% of its taxable income. The Company has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. Included in the net deferred tax liability balance is a deferred tax asset related to net operating loss carryforwards of ESH REIT that expire in 2032. | |||||
Prior to the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT and elected to be treated as taxable REIT subsidiaries. As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns. ESH Strategies’ and HVM’s operating results were reportable by their members or members of their ultimate parent. Thus, federal income taxes were not recognized for these entities. ESH Strategies and HVM were also subject to state and local taxes in certain jurisdictions. | |||||
Foreign Currency | Foreign Currency—The financial statements of certain of the Company’s subsidiaries and its investments therein are maintained in their functional currency, the Canadian dollar (“C$”), and their income and expenses are translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. As of December 31, 2014 and 2013, foreign currency translation losses of approximately $5.8 million and $4.1 million, respectively, are reflected in accumulated other comprehensive loss as a component of equity in the accompanying consolidated balance sheets. | ||||
Foreign currency transaction losses mainly related to U.S. dollar denominated debt at Canadian subsidiaries of approximately $3.8 million are included in other non-operating expense in the accompanying consolidated statement of operations for the year ended December 31, 2014. | |||||
Comprehensive Income | Comprehensive Income—Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments. Comprehensive income is presented in the accompanying consolidated and combined statements of comprehensive income and foreign currency translation adjustments are displayed as a separate component of consolidated equity. | ||||
Equity-Based Compensation | Equity-Based Compensation—The Corporation and ESH REIT each maintain a Long-Term Incentive Plan (“LTIP”) under which the Corporation and ESH REIT may issue to eligible employees or directors restricted stock awards, restricted stock units or other equity-based awards. The Company recognizes costs related to equity-based awards over their vesting periods. The issuing entity classifies equity-based awards granted in exchange for employee services as either equity awards or as liability awards. The classification of an award either as an equity award or a liability award is generally based upon cash settlement options. Equity awards are measured based on their fair value on the date of grant. Liability awards are re-measured to fair value each reporting period. The value of all awards, less estimated forfeitures, is recognized over the period during which an employee or director is required to provide services in exchange for the award – the requisite service period (usually the vesting period). No compensation cost is recognized for awards for which employees or directors do not render the requisite services. All awards granted subsequent to the Pre-IPO Transactions are classified as equity awards except those equity-based awards issued by ESH REIT to its employees and directors, which are classified as liability awards. | ||||
Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan further described in Note 15. Equity-based compensation related to this plan was recorded in the accompanying consolidated and combined statements of operations due to the fact that HVM was a consolidated variable interest entity. | |||||
Segments | Segments—The Company’s hotel operations represent a single operating segment based on the way the Company manages its business. The Company’s hotels provide similar services, use similar processes to sell those services and sell their services to similar classes of customers. The amounts of long-lived assets and net sales outside the U.S. are not significant for any period presented. | ||||
Recently Issued Accounting Standards | Recently Issued Accounting Standards | ||||
Income Statement—Extraordinary and Unusual Items—In January 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update to simplify income statement presentation by eliminating the concept of extraordinary items. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Presentation of Financial Statements—Going Concern—In August 2014, the FASB issued an accounting standard which provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements. Further, an entity must provide certain disclosures if there is “substantial doubt” about its ability to continue as a going concern. The new accounting standard is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. The Company does not expect the adoption of this guidance to have a material effect on its consolidated and combined financial statements. | |||||
Stock Compensation—Share-Based Payment Awards—In June 2014, the FASB issued an accounting standards update which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. The compensation expense related to such awards should be delayed until it becomes probable that the performance target will be met. The updated accounting standard does not contain additional disclosure requirements. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. As the Company does not currently have performance targets for any of its share-based payment awards, the Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Contractual Revenue—In May 2014, the FASB issued an accounting standards update which amends existing revenue recognition accounting standards. This update is based on the principle that revenue is recognized when an entity transfers goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The updated accounting standard also requires more detailed disclosure to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The updated accounting standard is effective for annual reporting periods beginning after December 15, 2016, and shall be applied using one of two retrospective application methods. Early adoption is not permitted. The Company does not expect the adoption of the updated accounting standard to have a material effect on its consolidated and combined financial statements. | |||||
Reporting Discontinued Operations—In April 2014, the FASB issued an accounting standards update which modifies the definition of discontinued operations and requires that only disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results be reported as discontinued operations in the financial statements. This updated accounting standard is effective for all disposals (or classifications as held for sale) of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements due to a limited number of historical dispositions. This guidance is expected to result in reporting discontinued operations less frequently than the previous accounting standard. For example, the sale of the two Hometown Inn-branded hotels in 2014 were not reported as discontinued operations as they did not represent a strategic shift that had a major effect on the Company’s operations or financial results. | |||||
Income Taxes —In July 2013, the FASB issued an accounting standards update which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date, and retrospective application is permitted. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements. | |||||
Cumulative Translation Adjustment—In March 2013, the FASB issued an accounting standards update that indicates when the cumulative translation adjustment (“CTA”) related to an entity’s investment in a foreign entity should be released to earnings. The CTA should be released when an entity sells a foreign subsidiary or a group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in a foreign entity. The CTA should also be released when an entity no longer has a controlling financial interest in an investment in a foreign entity. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013, and shall be applied prospectively. The Company adopted this guidance as of January 1, 2014, and it did not have a material effect on the Company’s accompanying consolidated and combined financial statements. | |||||
ESH REIT [Member] | |||||
Use of Estimates | Use of Estimates—The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the allocation of purchase price to assets that were acquired in 2013 and 2012 (see Note 4). Significant estimates also include the estimated useful lives of tangible assets as well as the assessment of tangible and intangible assets, including goodwill for impairment, estimated liabilities for insurance reserves, and the grant-date fair value of restricted stock awards related to equity-based compensation prior to completion of the Pre-IPO Transactions. Actual results could differ from those estimates. | ||||
Cash and Cash Equivalents | Cash and Cash Equivalents—ESH REIT considers all cash on hand, demand deposits with financial institutions, credit card receivables, and short-term, highly liquid investments with original maturities of three months or less to be cash equivalents. ESH REIT has deposits in excess of $250,000 with financial institutions that are not insured by the Federal Deposit Insurance Corporation. ESH REIT does not believe cash and cash equivalents expose it to significant credit risk. | ||||
Restricted Cash | Restricted Cash—Restricted cash consists of amounts held in cash management accounts and in escrows for the payment of real estate taxes and insurance, capital improvements, ground leases and mortgage debt service, all as required by ESH REIT’s mortgage loan agreement (see Note 6). | ||||
Property and Equipment | Property and Equipment—Property and equipment additions are recorded at cost. Major improvements that extend the life or utility of property or equipment are capitalized and depreciated over a period equal to the shorter of the estimated useful life of the improvement or the remaining estimated useful life of the asset. Ordinary repairs and maintenance are charged to expense as incurred. | ||||
Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | |||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Management assesses whether there has been impairment of the value of property and equipment whenever events or changes in circumstances indicate that the carrying amount of an asset or group of assets may not be recoverable. | |||||
Prior to the Pre-IPO Transactions, recoverability of property and equipment was measured by a comparison of the carrying amount of a hotel property to the estimated future undiscounted cash flows expected to be generated by each hotel property. Impairment was recognized when estimated future undiscounted cash flows, including proceeds from disposition, were less than the carrying value of each hotel property. To the extent that a hotel property was impaired, the excess carrying amount of each hotel property over its estimated fair value was charged to operating earnings. Fair value was determined based upon the discounted cash flows of each hotel property, quoted market prices, or independent appraisals, as considered necessary. ESH REIT recognized impairment charges related to property and equipment of approximately $3.3 million and $1.4 million for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012, respectively (see Note 5). | |||||
Subsequent to the Pre-IPO Transactions, recoverability of property and equipment is measured by a comparison of the carrying amount of a group of hotel properties (groups of hotel properties align with hotels as they are grouped under ESH REIT’s operating leases) to the estimated future undiscounted cash flows expected to be generated by the group of hotel properties. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value of the group of hotel properties. To the extent that a group of hotel properties is impaired, the excess carrying amount of the group of hotel properties over its estimated fair value is charged to operating earnings. Fair value is determined based upon the discounted cash flows of the group of hotel properties, quoted market prices, or independent appraisals, as considered necessary. ESH REIT did not recognize any impairment charges related to property and equipment for the year ended December 31, 2014 or for the period from the Pre-IPO Transactions through December 31, 2013 (see Note 5). | |||||
The estimation of future undiscounted cash flows is inherently uncertain and relies upon assumptions regarding current and future economic and market conditions. If such conditions change, then an impairment charge to reduce the carrying value of a group of hotel properties could occur in a future period in which conditions change. | |||||
Depreciation and Amortization of Estimated Useful Lives | Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: | ||||
Hotel buildings | 5–49 years | ||||
Hotel building improvements | 3–39 years | ||||
Hotel site improvements | 3–20 years | ||||
Hotel furniture, fixtures and equipment | 1–10 years | ||||
Office furniture, fixtures and equipment | 3–7 years | ||||
Intangible Assets and Liabilities | Intangible Assets and Liabilities— Subsequent to the Pre-IPO Transactions and as of December 31, 2014 and 2013, ESH REIT had no intangible assets or liabilities other than goodwill. Prior to the Pre-IPO Transactions, intangible assets and liabilities related to the Operating Lessees and included above-market contracts, corporate customer relationships and customer databases. Above-market contracts, corporate customer relationships and customer databases were amortized using the straight-line method over their estimated remaining useful lives, which in the case of contracts was typically the remaining non-cancelable term. Intangible assets were reviewed for impairment whenever events or changes in circumstances indicated that the carrying amount of the intangible asset may not have been recoverable. No impairment charges related to intangible assets were recognized during the period from January 1, 2013 through the Pre-IPO Transactions or for the year ended December 31, 2012. | ||||
Goodwill | Goodwill—Goodwill represents the excess purchase price over the fair value of net assets acquired. ESH REIT tests goodwill for impairment at least annually in the fourth quarter. ESH REIT tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. ESH REIT has one operating segment, which is its reporting unit; therefore, management analyzes goodwill associated with all hotels when analyzing for potential impairment. ESH REIT first assesses qualitative factors to determine if it is not more likely than not that the fair value of its reporting unit is less than its carrying amount. No impairment charges related to goodwill were recognized during the years ended December 31, 2014, 2013 or 2012. | ||||
Property Acquisitions | Property Acquisitions—The purchase price of net tangible and identified intangible assets and liabilities are recorded based on their relative fair values on the date of acquisition. The fair value of the acquired land and site improvements, building and improvements, and furniture, fixtures and equipment is determined considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, based on independent appraisals and other relevant market data obtained in connection with the acquisition of the hotels. The results of operations of acquired hotel properties are included in the accompanying consolidated statements of operations since their respective dates of acquisition. | ||||
Deferred Financing Costs | Deferred Financing Costs—Costs incurred in obtaining financing are amortized over the terms of the related loans on a straight-line basis, which approximates the effective interest method. Upon repayment of, or in conjunction with a material change in the terms of, the underlying debt agreement, remaining unamortized costs are charged to earnings. During the years ended December 31, 2014, 2013 and 2012, approximately $5.1 million, $11.7 million and $34.4 million, respectively, of unamortized deferred financing costs, primarily related to the prepayment of mortgage and mezzanine loans, were charged to earnings and are included in net interest expense in the accompanying consolidated statements of operations. Amortization of deferred financing costs unrelated to the prepayment of mortgage and mezzanine loans, which is also included in net interest expense in the accompanying consolidated statements of operations, was approximately $11.7 million, $12.3 million and $11.0 million for the years ended December 31, 2014, 2013 and 2012, respectively. | ||||
Revenue Recognition | Revenue Recognition—Subsequent to the Pre-IPO Transactions, ESH REIT’s only source of consolidated reported revenues is rental revenue derived from leases. ESH REIT records rental revenue on a straight-line basis as it is earned during the lease term. Rent receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represents monthly rental amounts contractually due from the Operating Lessees. Deferred rent receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represents the cumulative difference between straight-line rental revenue and rental revenue contractually due from the Operating Lessees. This amount, approximately $30.9 million as of December 31, 2014, is expected to be received in cash by October 2018. | ||||
Lease rental payments received prior to ESH REIT rendering services are included in unearned rental revenue from Extended Stay America, Inc. on the accompanying consolidated balance sheets. Contingent rental revenue, specifically percentage rental revenue related to Operating Lessee hotel revenue, is recognized once services have been rendered (i.e., percentage rental revenue thresholds have been achieved) and such amounts are fixed and determinable. | |||||
Prior to the Pre-IPO Transactions, ESH REIT’s primary source of consolidated reported revenues was hotel room revenues, since rental revenue derived from the leases eliminated in consolidation. Hotel room revenues and other hotel revenues were recognized when services were provided. Other hotel revenues primarily consisted of revenues derived from guest laundry, pet fees, internet fees, additional housekeeping, telephone and other miscellaneous fees or services. Occupancy, hotel and sales taxes collected from customers and remitted to the taxing authorities were excluded from revenues. | |||||
Advertising Cost | Advertising Costs—Subsequent to the Pre-IPO Transactions, ESH REIT does not incur advertising costs. Prior to the Pre-IPO Transactions, advertising costs (typically incurred by the Operating Lessees) were expensed as incurred. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, internet advertising costs were included in hotel operating expenses and all other advertising costs were included in general and administrative expenses in the accompanying consolidated statements of operations for periods through the Pre-IPO Transactions. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, advertising costs were approximately $26.3 million and $25.2 million, respectively, approximately $16.9 million and $15.2 million of which were classified as hotel operating expenses and approximately $9.4 million and $10.0 million of which were classified as general and administrative expenses, respectively. | ||||
Operating Leases | Operating Leases—Rent expense, including ground rent, is recognized on a straight-line basis over the terms of the related leases. | ||||
Fair Value of Financial Instruments | Fair Value of Financial Instruments—U.S. GAAP establishes a three-level valuation hierarchy based upon observable and unobservable inputs for fair value measurement of financial instruments: | ||||
Level 1—Observable inputs, such as quoted prices in active markets at the measurement date for identical assets or liabilities | |||||
Level 2—Significant inputs that are observable, directly or indirectly, such as other quoted prices in markets that are not active or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability | |||||
Level 3—Significant unobservable inputs for which there is little to no market data and for which ESH REIT makes its own assumptions about how market participants would price the asset or liability | |||||
Fair value is defined as the price that would be received when selling an asset or the price paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). In instances where inputs used to measure fair value fall into different levels of the fair value hierarchy, the level in the fair value hierarchy within which the fair value measurement in its entirety has been determined is based on the lowest-level input significant to the fair value measurement in its entirety. ESH REIT’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. | |||||
ESH REIT’s financial instruments consist of cash and cash equivalents, restricted cash, accounts payable and accrued liabilities, mortgage and term loans, and the revolving credit facility. The carrying values of cash and cash equivalents, restricted cash, accounts payable and accrued liabilities and ESH REIT’s revolving credit facility are representative of their fair values due to the short-term nature or frequent settlement of these instruments. The fair values of mortgage and term loans are determined by comparing current borrowing rates and risk spreads offered in the market to the stated interest rates and spreads on ESH REIT’s current mortgage and term loans or quoted market prices, when available (see Note 6). | |||||
Derivative Instruments | Derivative Instruments—Derivative instruments, including certain derivative instruments embedded in other contracts (if applicable), are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met. ESH REIT does not enter into derivative financial instruments for trading or speculative purposes. | ||||
Variable Interest Entity | Variable Interest Entity—Prior to the Pre-IPO Transactions, ESH REIT held a variable interest in HVM, a separate, independently owned hotel management and administrative services company (see Note 10). ESH REIT’s maximum exposure to loss as a result of its involvement with HVM was related to the need to secure alternative hotel management services and systems support if HVM were ever unable to fulfill its obligations under its management agreements with ESH REIT. The assets of HVM could not be used to settle obligations of ESH REIT and ESH REIT’s assets could not be used to settle obligations of HVM. For the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012, ESH REIT or ESH REIT’s predecessor represented approximately 99% and 97%, respectively, of the business conducted by HVM. ESH REIT concluded that it was the primary beneficiary of HVM and, as a result, consolidated the financial position, results of operations, comprehensive income and cash flows of HVM for periods prior to the Pre-IPO Transactions. Since ESH REIT had no equity interest in HVM, the results of operations and members’ capital of HVM were reported as noncontrolling interests in the accompanying consolidated financial statements for periods through the Pre-IPO Transactions. Subsequent to the Pre-IPO Transactions, HVM no longer met the definition of a variable interest entity. See summarized financial information of HVM in Note 10. | ||||
Income Taxes | Income Taxes—ESH REIT has elected to be taxed as and expects to continue to qualify as a real estate investment trust (“REIT”) under provisions of the Code. A REIT is a legal entity that holds real estate assets and is generally not subject to federal and state income taxes. In order to maintain qualification as a REIT, ESH REIT is required to distribute at least 90% of its taxable income, excluding capital gains, to its shareholders each year. In addition, ESH REIT must meet a number of complex organizational and operational requirements. If ESH REIT were to fail to qualify as a REIT in any taxable year, it would be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and generally would be precluded from qualifying as a REIT for the subsequent four taxable years following the year during which it lost its REIT qualification. Even in qualifying as a REIT, ESH REIT may be subject to state and local taxes in certain jurisdictions, and is subject to federal income and excise taxes on undistributed income. | ||||
In 2014, ESH REIT distributed greater than 100% of its taxable income and therefore incurred no federal income tax. In the future, ESH REIT intends to distribute approximately 95% of its taxable income and net capital gain. ESH REIT is expected to be subject to federal and state income tax on approximately 5% of its taxable income. As a result ESH REIT has recorded deferred tax assets and liabilities to reflect the fact that an estimated 5% of ESH REIT’s future taxable income is expected to be subject to tax. Included in the net deferred tax asset balance is a deferred tax asset related to net operating loss carryforwards that expire in 2032. | |||||
Prior to the Pre-IPO Transactions, the Operating Lessees were subsidiaries of ESH REIT and elected to be treated as taxable REIT subsidiaries. As such, the Operating Lessees were generally subject to federal, state, local and/or foreign income taxes on their separate tax returns. HVM’s operating results were reportable by its members or members of its ultimate parent. Thus, federal income taxes were not recognized for HVM. HVM was also subject to state and local taxes in certain jurisdictions. | |||||
Foreign Currency | Foreign Currency—The financial statements of certain of ESH REIT’s subsidiaries and its investments therein are maintained in their functional currency, the Canadian dollar (“C$”), and their income and expenses are translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries are translated into U.S. dollars using the exchange rate in effect at the balance sheet date. As of December 31, 2014 and 2013, foreign currency translation losses of approximately $5.9 million and $3.7 million, respectively, are reflected in accumulated other comprehensive loss as a component of equity in the accompanying consolidated balance sheets. | ||||
Foreign currency transaction losses mainly related to U.S. dollar denominated debt at Canadian subsidiaries of approximately $3.6 million are included in other non-operating expense in the accompanying consolidated statement of operations for the year ended December 31, 2014. | |||||
Comprehensive Income | Comprehensive Income—Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income and foreign currency translation adjustments are displayed as a separate component of consolidated equity. | ||||
Equity-Based Compensation | Equity-Based Compensation—ESH REIT maintains a Long-Term Incentive Plan (“LTIP”) under which ESH REIT may issue to eligible employees or directors restricted stock awards, restricted stock units or other equity-based awards. ESH REIT recognizes costs related to equity-based awards over their vesting periods. The issuing entity classifies equity-based awards granted in exchange for employee services as either equity awards or as liability awards. The classification of an award either as an equity award or a liability award is generally based upon cash settlement options. Equity awards are measured based on their fair value on the date of grant. Liability awards are re-measured to fair value each reporting period. The value of all awards, less estimated forfeitures, is recognized over the period during which an employee or director is required to provide services in exchange for the award – the requisite service period (usually the vesting period). No compensation cost is recognized for awards for which employees or directors do not render the requisite services. All awards granted subsequent to the Pre-IPO Transactions are classified as equity awards. | ||||
Prior to the Pre-IPO Transactions, HVM maintained a management incentive plan further described in Note 14. Equity-based compensation related to this plan was recorded in the accompanying consolidated statements of operations due to the fact that HVM was a consolidated variable interest entity. | |||||
Segments | Segments—ESH REIT’s business represents a single operating segment based on the way ESH REIT manages its business. ESH REIT’s hotels provide similar services, use similar processes to sell those services and sell their services (i.e., lease the hotel properties) to similar classes of customers. The amounts of long-lived assets and net sales outside the U.S. are not significant for any period presented. | ||||
Recently Issued Accounting Standards | Recently Issued Accounting Standards | ||||
Income Statement—Extraordinary and Unusual Items—In January 2015, the Financial Accounting Standards Board (“FASB”) issued an accounting standards update to simplify income statement presentation by eliminating the concept of extraordinary items. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. ESH REIT does not expect the adoption of the updated accounting standard to have a material effect on its consolidated financial statements. | |||||
Presentation of Financial Statements—Going Concern—In August 2014, the FASB issued an accounting standard which provides guidance on determining when and how reporting entities must disclose going concern uncertainties in their financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s financial statements. Further, an entity must provide certain disclosures if there is “substantial doubt” about its ability to continue as a going concern. The new accounting standard is effective for interim and annual reporting periods beginning after December 15, 2016, and early adoption is permitted. ESH REIT does not expect the adoption of this guidance to have a material effect on its consolidated financial statements. | |||||
Stock Compensation—Share-Based Payment Awards—In June 2014, the FASB issued an accounting standards update which clarifies that entities should treat performance targets that can be met after the requisite service period of a share-based payment award as performance conditions that affect vesting. The compensation expense related to such awards should be delayed until it becomes probable that the performance target will be met. The updated accounting standard does not contain additional disclosure requirements. This standard will be effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted, and may be applied either prospectively or retrospectively. As ESH REIT does not currently have performance targets for any of its share-based payment awards, ESH REIT does not expect the adoption of the updated accounting standard to have a material effect on its consolidated financial statements. | |||||
Reporting Discontinued Operations—In April 2014, the FASB issued an accounting standards update which modifies the definition of discontinued operations and requires that only disposals of components of an entity that represent a strategic shift that has (or will have) a major effect on an entity’s operations and financial results be reported as discontinued operations in the financial statements. This updated accounting standard is effective for all disposals (or classifications as held for sale) of an entity that occur within annual periods beginning on or after December 15, 2014 and interim periods within those years. Early adoption is permitted, but only for disposals that have not been reported in financial statements previously issued or available for issuance. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements due to a limited number of historical dispositions. This guidance is expected to result in reporting discontinued operations less frequently than the previous accounting standard. For example, the sale of the two Hometown Inn-branded hotels in 2014 were not reported as discontinued operations as they did not represent a strategic shift that had a major effect on ESH REIT’s operations or financial results. | |||||
Income Taxes —In July 2013, the FASB issued an accounting standards update which provides guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013 and should be applied prospectively to all unrecognized tax benefits that exist at the effective date, and retrospective application is permitted. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements. | |||||
Cumulative Translation Adjustment—In March 2013, the FASB issued an accounting standards update that indicates when the cumulative translation adjustment (“CTA”) related to an entity’s investment in a foreign entity should be released to earnings. The CTA should be released when an entity sells a foreign subsidiary or a group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in a foreign entity. The CTA should also be released when an entity no longer has a controlling financial interest in an investment in a foreign entity. This updated accounting standard is effective for fiscal and interim reporting periods beginning after December 15, 2013, and shall be applied prospectively. ESH REIT adopted this guidance as of January 1, 2014, and it did not have a material effect on ESH REIT’s accompanying consolidated financial statements. |
Net_Income_Per_Share_Tables
Net Income Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Calculations of Basic and Diluted Net Income per Share, Including a Reconciliation of Numerators and Denominators | The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows: | ||||||||||||
(in thousands, except per share data) | Year Ended | Year Ended | Year Ended | ||||||||||
December 31, | December 31, | December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||||
Numerator: | |||||||||||||
Net income available to common shareholders—basic | $ | 39,596 | $ | 86,231 | $ | 20,732 | |||||||
Less amounts available to noncontrolling interests assuming conversion | (315 | ) | (166 | ) | (53 | ) | |||||||
Net income available to common shareholders—diluted | $ | 39,281 | $ | 86,065 | $ | 20,679 | |||||||
Denominator: | |||||||||||||
Weighted average number of common shares outstanding—basic | 203,548 | 174,894 | 169,816 | ||||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||||
Weighted average number of common shares outstanding—diluted | 204,508 | 176,268 | 171,796 | ||||||||||
Net income per common share—basic | $ | 0.19 | $ | 0.49 | $ | 0.12 | |||||||
Net income per common share—diluted | $ | 0.19 | $ | 0.49 | $ | 0.12 | |||||||
ESH REIT [Member] | |||||||||||||
Calculations of Basic and Diluted Net Income per Share, Including a Reconciliation of Numerators and Denominators | The calculations of basic and diluted net income per share, including a reconciliation of the numerators and denominators, are as follows: | ||||||||||||
(in thousands, except per share data) | Year Ended | Year Ended | Year Ended | ||||||||||
December 31, | December 31, | December 31, | |||||||||||
2014 | 2013 | 2012 | |||||||||||
Numerator: | |||||||||||||
Class A: | |||||||||||||
Net income available to common shareholders—basic | $ | 136,152 | $ | 55,046 | $ | 10,262 | |||||||
Less amounts available to Class B shareholders assuming conversion | (315 | ) | (166 | ) | (53 | ) | |||||||
Net income available to common shareholders—diluted | $ | 135,837 | $ | 54,880 | $ | 10,209 | |||||||
Class B: | |||||||||||||
Net income available to common shareholders—basic | $ | 110,942 | $ | 44,690 | $ | 8,257 | |||||||
Amounts available to Class B shareholders assuming conversion | 315 | 166 | 53 | ||||||||||
Net income available to common shareholders—diluted | $ | 111,257 | $ | 44,856 | $ | 8,310 | |||||||
Denominator: | |||||||||||||
Class A: | |||||||||||||
Weighted average number of common shares outstanding—basic and diluted | 250,300 | 213,759 | 207,553 | ||||||||||
Class B: | |||||||||||||
Weighted average number of common shares outstanding—basic | 203,548 | 174,894 | 169,816 | ||||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||||
Weighted average number of common shares outstanding—diluted | 204,508 | 176,268 | 171,796 | ||||||||||
Net income per common share—Class A—basic | $ | 0.54 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class A—diluted | $ | 0.54 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class B—basic | $ | 0.55 | $ | 0.26 | $ | 0.05 | |||||||
Net income per common share—Class B—diluted | $ | 0.54 | $ | 0.25 | $ | 0.05 | |||||||
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Purchase Price Allocation among the Assets Acquired and Liabilities Assumed | The consideration transferred to acquire the 17 HFI hotels, which HVM previously managed, and the purchase price allocation among the assets acquired and liabilities assumed, was as follows (dollars in thousands): | ||||||||
Amount | Estimated | ||||||||
Useful Life | |||||||||
Land and site improvements | $ | 61,686 | 5–11 years | ||||||
Building and improvements | 59,547 | 19–40 years | |||||||
Furniture, fixtures and equipment | 10,598 | 3–10 years | |||||||
Other assets and liabilities—net | (41 | ) | |||||||
Total purchase price | $ | 131,790 | |||||||
Summary of Total Revenues and Expenses | The following table sets forth room revenues, other hotel revenues, hotel operating expenses, depreciation and amortization, interest expense and net income assuming the 17 HFI hotels had been acquired on January 1, 2012 (in thousands and unaudited): | ||||||||
Year Ended | |||||||||
December 31, | |||||||||
2012 | |||||||||
Room revenues | $ | 1,014,335 | |||||||
Other hotel revenues | 17,266 | ||||||||
Hotel operating expenses | 506,399 | ||||||||
Depreciation and amortization | 136,386 | ||||||||
Interest expense | 264,691 | ||||||||
Net income | 26,816 | ||||||||
ESH REIT [Member] | |||||||||
Purchase Price Allocation among the Assets Acquired and Liabilities Assumed | The consideration transferred to acquire the 17 HFI hotels, which HVM previously managed, and the purchase price allocation among the assets acquired and liabilities assumed, was as follows (dollars in thousands): | ||||||||
Amount | Estimated | ||||||||
Useful Life | |||||||||
Land and site improvements | $ | 61,686 | 5–11 years | ||||||
Building and improvements | 59,547 | 19–40 years | |||||||
Furniture, fixtures and equipment | 10,598 | 3–10 years | |||||||
Other assets and liabilities—net | (41 | ) | |||||||
Total purchase price | $ | 131,790 | |||||||
Summary of Total Revenues and Expenses | The following table sets forth room revenues, other hotel revenues, hotel operating expenses, depreciation and amortization, interest expense and net income assuming the 17 HFI hotels had been acquired on January 1, 2012 (in thousands and unaudited): | ||||||||
Year Ended | |||||||||
December 31, | |||||||||
2012 | |||||||||
Hotel revenues | $ | 1,014,335 | |||||||
Other hotel revenues | 17,266 | ||||||||
Hotel operating expenses | 506,399 | ||||||||
Depreciation and amortization | 136,386 | ||||||||
Interest expense | 264,691 | ||||||||
Net income | 24,603 |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Net Investment in Property and Equipment | Net investment in property and equipment as of December 31, 2014 and 2013, consists of the following (in thousands): | ||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Hotel properties: | |||||||||
Land and site improvements | $ | 1,351,160 | $ | 1,347,260 | |||||
Building and improvements | 2,894,021 | 2,839,454 | |||||||
Furniture, fixtures and equipment | 443,149 | 362,022 | |||||||
Total hotel properties | 4,688,330 | 4,548,736 | |||||||
Corporate furniture, fixtures and equipment | 19,957 | 16,131 | |||||||
Undeveloped land parcel | 1,675 | 1,821 | |||||||
Total cost | 4,709,962 | 4,566,688 | |||||||
Less accumulated depreciation: | |||||||||
Hotel properties | (608,600 | ) | (427,533 | ) | |||||
Corporate furniture, fixtures and equipment | (13,914 | ) | (11,838 | ) | |||||
Total accumulated depreciation | (622,514 | ) | (439,371 | ) | |||||
Property and equipment—net | $ | 4,087,448 | $ | 4,127,317 | |||||
ESH REIT [Member] | |||||||||
Net Investment in Property and Equipment | Net investment in property and equipment as of December 31, 2014 and 2013, consists of the following (in thousands): | ||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Hotel properties: | |||||||||
Land and site improvements | $ | 1,352,621 | $ | 1,347,170 | |||||
Building and improvements | 2,894,730 | 2,839,452 | |||||||
Furniture, fixtures and equipment | 437,582 | 357,975 | |||||||
Total hotel properties | 4,684,933 | 4,544,597 | |||||||
Undeveloped land parcel | 1,675 | 1,821 | |||||||
Total cost | 4,686,608 | 4,546,418 | |||||||
Less accumulated depreciation | (606,960 | ) | (426,479 | ) | |||||
Property and equipment—net | $ | 4,079,648 | $ | 4,119,939 | |||||
Intangible_Assets_and_Goodwill1
Intangible Assets and Goodwill (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||
Company's Intangible Assets and Goodwill | The Company’s intangible assets and goodwill as of December 31, 2014 and 2013, consist of the following (dollars in thousands): | ||||||||||||||||
December 31, | |||||||||||||||||
2014 | |||||||||||||||||
Estimated | Gross | Accumulated | Net | ||||||||||||||
Useful | Carrying | Amortization | Book Value | ||||||||||||||
Life | Amount | ||||||||||||||||
Definite-lived intangible assets: | |||||||||||||||||
Customer relationships | 20 years | $ | 26,800 | $ | (5,670 | ) | $ | 21,130 | |||||||||
Customer e-mail database | 5 years | 170 | (144 | ) | 26 | ||||||||||||
Total definite-lived intangible assets | 26,970 | (5,814 | ) | 21,156 | |||||||||||||
Indefinite-lived tangible assets—trademarks | 10,500 | — | 10,500 | ||||||||||||||
Total intangible assets | 37,470 | (5,814 | ) | 31,656 | |||||||||||||
Goodwill | 55,633 | — | 55,633 | ||||||||||||||
Total intangible assets and goodwill | $ | 93,103 | $ | (5,814 | ) | $ | 87,289 | ||||||||||
December 31, | |||||||||||||||||
2013 | |||||||||||||||||
Estimated | Gross | Accumulated | Net | ||||||||||||||
Useful | Carrying | Amortization | Book Value | ||||||||||||||
Life | Amount | ||||||||||||||||
Definite-lived intangible assets: | |||||||||||||||||
Customer relationships | 20 years | $ | 26,800 | $ | (4,330 | ) | $ | 22,470 | |||||||||
Customer e-mail database | 5 years | 170 | (110 | ) | 60 | ||||||||||||
Total definite-lived intangible assets | 26,970 | (4,440 | ) | 22,530 | |||||||||||||
Indefinite-lived tangible assets—trademarks | 10,500 | — | 10,500 | ||||||||||||||
Total intangible assets | 37,470 | (4,440 | ) | 33,030 | |||||||||||||
Goodwill | 55,633 | — | 55,633 | ||||||||||||||
Total intangible assets and goodwill | $ | 93,103 | $ | (4,440 | ) | $ | 88,663 | ||||||||||
Estimated Future Amortization Expense for Intangible Assets | Estimated future amortization expense for intangible assets is as follows (in thousands): | ||||||||||||||||
Years Ending | |||||||||||||||||
December 31, | |||||||||||||||||
2015 | $ | 1,366 | |||||||||||||||
2016 | 1,340 | ||||||||||||||||
2017 | 1,340 | ||||||||||||||||
2018 | 1,340 | ||||||||||||||||
2019 | 1,340 | ||||||||||||||||
Thereafter | 14,430 | ||||||||||||||||
Total | $ | 21,156 | |||||||||||||||
Debt_Tables
Debt (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||
Company's Outstanding Debt Summary | Summary—The Company’s outstanding debt as of December 31, 2014 and 2013, is as follows (in thousands): | ||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Mortgage loans payable | $ | 2,518,049 | $ | 2,519,843 | |||||||||||||||||||||||||||
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | — | |||||||||||||||||||||||||||||
Mezzanine loans payable | — | 365,000 | |||||||||||||||||||||||||||||
Revolving credit facilities | — | 20,000 | |||||||||||||||||||||||||||||
Total debt | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
Debt Transactions | During the years ended December 31, 2014 and 2013, the following transactions occurred (in thousands): | ||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Debt—beginning of year | $ | 2,904,843 | $ | 3,605,708 | |||||||||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||||
Proceeds from term loan facility, net of discount | 373,125 | — | |||||||||||||||||||||||||||||
Proceeds from revolving credit facilities | 210,000 | 20,000 | |||||||||||||||||||||||||||||
Accretion of debt discount | 195 | — | |||||||||||||||||||||||||||||
Deductions | |||||||||||||||||||||||||||||||
Payments on mortgage loans | (1,794 | ) | (5,865 | ) | |||||||||||||||||||||||||||
Payments on mezzanine loans | (365,000 | ) | (715,000 | ) | |||||||||||||||||||||||||||
Payments on revolving credit facilities | (230,000 | ) | — | ||||||||||||||||||||||||||||
Debt—end of year | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
Company's Outstanding Debt Detail | The Company’s debt as of December 31, 2014 and 2013, consists of the following (in thousands): | ||||||||||||||||||||||||||||||
Outstanding Principal | Interest Rate | ||||||||||||||||||||||||||||||
Loan | Stated | December 31, | December 31, | Stated Interest | December 31, | December 31, | Maturity | Amortization | |||||||||||||||||||||||
Amount | 2014 | 2013 | Rate(2) | 2014 | 2013 | Date | |||||||||||||||||||||||||
Mortgage loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—Component A | $ | 350,000 | $ | 348,049 | $ | 349,843 | LIBOR(1) + 2.0547% | 2.226 | % | 2.2227 | % | 12/1/15 | (3) | Interest only | |||||||||||||||||
2012 Mortgage Loan—Component B | 350,000 | 350,000 | 350,000 | 3.40% | 3.4047 | % | 3.4047 | % | 12/1/17 | Interest only | |||||||||||||||||||||
2012 Mortgage Loan—Component C | 1,820,000 | 1,820,000 | 1,820,000 | 4.05% | 4.0547 | % | 4.0547 | % | 12/1/19 | Interest only | |||||||||||||||||||||
Term loan facility | |||||||||||||||||||||||||||||||
2014 Term Loan(4) | 375,000 | 373,320 | — | LIBOR(1)(5) + 4.25% | 5 | % | N/A | 6/24/19 | Interest only | (6) | |||||||||||||||||||||
Mezzanine loans | |||||||||||||||||||||||||||||||
2012 Mezzanine A Loan | 500,000 | — | 168,981 | 8.25% | N/A | 8.25 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine B Loan | 330,000 | — | 111,528 | 9.63% | N/A | 9.625 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine C Loan | 250,000 | — | 84,491 | 11.50% | N/A | 11.5 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
Revolving credit facilities | |||||||||||||||||||||||||||||||
Corporation revolving credit facility | 50,000 | (8) | — | — | LIBOR(1) + 3.75% | N/A | N/A | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
ESH REIT revolving credit facility | 250,000 | — | 20,000 | LIBOR(1) + 3.00% | N/A | 3.1646 | % | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
Total | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
-1 | London Interbank Offering Rate. | ||||||||||||||||||||||||||||||
-2 | The Company is a counterparty to an interest rate cap on one-month LIBOR at 3.0% with a stated notional amount of approximately $348.0 million and a maturity date the same as that of Component A of the 2012 Mortgage Loan. | ||||||||||||||||||||||||||||||
-3 | The original maturity date of Component A of the 2012 Mortgage Loan was December 1, 2014. In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-4 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. | ||||||||||||||||||||||||||||||
-5 | The 2014 Term Loan includes a LIBOR floor of 0.75%. | ||||||||||||||||||||||||||||||
-6 | There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
-7 | Each revolving credit facility is subject to a one-year extension option. | ||||||||||||||||||||||||||||||
-8 | On November 18, 2014, the Corporation revolving credit facility’s borrowing availability decreased to $50.0 million from $75.0 million. | ||||||||||||||||||||||||||||||
Components of Interest Expense | The components of net interest expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||
Contractual interest(1) | $ | 123,736 | $ | 194,980 | $ | 201,518 | |||||||||||||||||||||||||
Amortization of deferred financing costs and accretion of debt discount | 14,510 | 12,537 | 10,988 | ||||||||||||||||||||||||||||
Debt extinguishment and other costs | 11,228 | 27,076 | 45,150 | ||||||||||||||||||||||||||||
Interest income | (110 | ) | (134 | ) | (307 | ) | |||||||||||||||||||||||||
Total | $ | 149,364 | $ | 234,459 | $ | 257,349 | |||||||||||||||||||||||||
-1 | Contractual interest includes dividends on the shares of mandatorily redeemable preferred stock (see Note 8). | ||||||||||||||||||||||||||||||
Future Maturities of Debt | Future Maturities of Debt—The future maturities of debt as of December 31, 2014, are as follows (in thousands): | ||||||||||||||||||||||||||||||
Years Ending | |||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||
2015 | $ | 356,586 | (1)(2) | ||||||||||||||||||||||||||||
2016 | — | ||||||||||||||||||||||||||||||
2017 | 350,000 | ||||||||||||||||||||||||||||||
2018 | — | ||||||||||||||||||||||||||||||
2019 | 2,184,783 | (2) | |||||||||||||||||||||||||||||
Thereafter | — | ||||||||||||||||||||||||||||||
Total | $ | 2,891,369 | |||||||||||||||||||||||||||||
-1 | ESH REIT has the option to extend the maturity date of Component A of the 2012 Mortgage Loan for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-2 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. Subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||||||||
Company's Outstanding Debt Summary | Summary—ESH REIT’s outstanding debt as of December 31, 2014 and 2013, is as follows (in thousands): | ||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Mortgage loans payable | $ | 2,518,049 | $ | 2,519,843 | |||||||||||||||||||||||||||
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | — | |||||||||||||||||||||||||||||
Mezzanine loans payable | — | 365,000 | |||||||||||||||||||||||||||||
Revolving credit facility | — | 20,000 | |||||||||||||||||||||||||||||
Total debt | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
Debt Transactions | During the years ended December 31, 2014 and 2013, the following transactions occurred (in thousands): | ||||||||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||
Debt—beginning of year | $ | 2,904,843 | $ | 3,605,708 | |||||||||||||||||||||||||||
Additions: | |||||||||||||||||||||||||||||||
Proceeds from term loan facility, net of discount | 373,125 | — | |||||||||||||||||||||||||||||
Proceeds from revolving credit facility | 143,000 | 20,000 | |||||||||||||||||||||||||||||
Accretion of debt discount | 195 | — | |||||||||||||||||||||||||||||
Deductions | |||||||||||||||||||||||||||||||
Payments on mortgage loans | (1,794 | ) | (5,865 | ) | |||||||||||||||||||||||||||
Payments on mezzanine loans | (365,000 | ) | (715,000 | ) | |||||||||||||||||||||||||||
Payments on revolving credit facility | (163,000 | ) | — | ||||||||||||||||||||||||||||
Debt—end of year | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
Company's Outstanding Debt Detail | ESH REIT’s debt as of December 31, 2014 and 2013, consists of the following (in thousands): | ||||||||||||||||||||||||||||||
Outstanding Principal | Interest Rate | ||||||||||||||||||||||||||||||
Loan | Stated | December 31, | December 31, | Stated Interest | December 31, | December 31, | Maturity | Amortization | |||||||||||||||||||||||
Amount | 2014 | 2013 | Rate (2) | 2014 | 2013 | Date | |||||||||||||||||||||||||
Mortgage loans | |||||||||||||||||||||||||||||||
2012 Mortgage Loan—Component A | $ | 350,000 | $ | 348,049 | $ | 349,843 | LIBOR(1) + 2.0547% | 2.226 | % | 2.2227 | % | 12/1/15 | (3) | Interest only | |||||||||||||||||
2012 Mortgage Loan—Component B | 350,000 | 350,000 | 350,000 | 3.40% | 3.4047 | % | 3.4047 | % | 12/1/17 | Interest only | |||||||||||||||||||||
2012 Mortgage Loan—Component C | 1,820,000 | 1,820,000 | 1,820,000 | 4.05% | 4.0547 | % | 4.0547 | % | 12/1/19 | Interest only | |||||||||||||||||||||
Term loan facility | |||||||||||||||||||||||||||||||
2014 Term Loan (4) | 375,000 | 373,320 | — | LIBOR(1)(5) + 4.25% | 5 | % | N/A | 6/24/19 | Interest only (6) | ||||||||||||||||||||||
Mezzanine loans payable | |||||||||||||||||||||||||||||||
2012 Mezzanine A Loan | 500,000 | — | 168,981 | 8.25% | N/A | 8.25 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine B Loan | 330,000 | — | 111,528 | 9.63% | N/A | 9.625 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
2012 Mezzanine C Loan | 250,000 | — | 84,491 | 11.50% | N/A | 11.5 | % | 12/1/19 | Interest only | ||||||||||||||||||||||
Revolving credit facility | |||||||||||||||||||||||||||||||
ESH REIT revolving credit facility | 250,000 | — | 20,000 | LIBOR(1) + 3.00% | N/A | 3.1646 | % | 11/18/16 | (7) | Interest only | |||||||||||||||||||||
Total | $ | 2,891,369 | $ | 2,904,843 | |||||||||||||||||||||||||||
-1 | London Interbank Offering Rate. | ||||||||||||||||||||||||||||||
-2 | The Company is a counterparty to an interest rate cap on one-month LIBOR at 3.0% with a stated notional amount of approximately $348.0 million and a maturity date the same as that of Component A of the 2012 Mortgage Loan. | ||||||||||||||||||||||||||||||
-3 | The original maturity date of Component A of the 2012 Mortgage Loan was December 1, 2014. In December 2014, ESH REIT exercised its first one-year extension option and extended the maturity date of Component A of the 2012 Mortgage Loan to December 1, 2015. ESH REIT has the option to extend the maturity date for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-4 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. | ||||||||||||||||||||||||||||||
-5 | The 2014 Term Loan includes a LIBOR floor of 0.75%. | ||||||||||||||||||||||||||||||
-6 | There is no scheduled amortization on the 2014 Term Loan; however, subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. | ||||||||||||||||||||||||||||||
-7 | ESH REIT’s revolving credit facility is subject to a one-year extension option. | ||||||||||||||||||||||||||||||
Components of Interest Expense | The components of net interest expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||
Contractual interest | $ | 121,672 | $ | 194,980 | $ | 201,518 | |||||||||||||||||||||||||
Amortization of deferred financing costs and accretion of debt discount | 11,869 | 12,345 | 10,988 | ||||||||||||||||||||||||||||
Debt extinguishment and other costs | 10,223 | 26,933 | 45,150 | ||||||||||||||||||||||||||||
Interest income | (532 | ) | (629 | ) | (307 | ) | |||||||||||||||||||||||||
Total | $ | 143,232 | $ | 233,629 | $ | 257,349 | |||||||||||||||||||||||||
Future Maturities of Debt | Future Maturities of Debt—The future maturities of debt as of December 31, 2014, are as follows (in thousands): | ||||||||||||||||||||||||||||||
Years Ending | |||||||||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||||||||
2015 | $ | 356,586 | (1)(2) | ||||||||||||||||||||||||||||
2016 | — | ||||||||||||||||||||||||||||||
2017 | 350,000 | ||||||||||||||||||||||||||||||
2018 | — | ||||||||||||||||||||||||||||||
2019 | 2,184,783 | (2) | |||||||||||||||||||||||||||||
Thereafter | — | ||||||||||||||||||||||||||||||
Total | $ | 2,891,369 | |||||||||||||||||||||||||||||
-1 | ESH REIT has the option to extend the maturity date of Component A of the 2012 Mortgage Loan for up to two additional consecutive one-year periods, subject to limited conditions. | ||||||||||||||||||||||||||||||
-2 | The 2014 Term Loan is presented net of an unaccreted discount of approximately $1.7 million as of December 31, 2014. Subject to certain exceptions, mandatory prepayments are required up to 50% of Excess Cash Flow based on ESH REIT’s Consolidated Leverage Ratio, each as defined. For the period from July 1, 2014 through December 31, 2014, ESH REIT’s Excess Cash Flow, as defined, totaled approximately $17.1 million, which requires ESH REIT to make a mandatory prepayment of approximately $8.5 million on or prior to March 31, 2015. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Schedule of Income Before Income Tax Expense | Income (loss) before income tax expense (benefit) for the years ended December 31, 2014, 2013 and 2012 consists of the following (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
U.S. | $ | 201,312 | $ | 76,501 | $ | 23,597 | |||||||||||||||||||
Canada | (5,701 | ) | 1,165 | 3,326 | |||||||||||||||||||||
Total | $ | 195,611 | $ | 77,666 | $ | 26,923 | |||||||||||||||||||
Components of Provision for Income Taxes | The components of the income tax provision (benefit) for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Federal (including foreign): | |||||||||||||||||||||||||
Current | $ | 39,161 | $ | 3,520 | $ | 1,583 | |||||||||||||||||||
Deferred | (746 | ) | (10,131 | ) | 1,719 | ||||||||||||||||||||
State: | |||||||||||||||||||||||||
Current | 6,416 | 3,044 | 672 | ||||||||||||||||||||||
Deferred | 226 | (1,423 | ) | 668 | |||||||||||||||||||||
Total | $ | 45,057 | $ | (4,990 | ) | $ | 4,642 | ||||||||||||||||||
Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate | The differences between the income tax expense (benefit) at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Tax at statutory rate | $ | 68,464 | 35 | % | $ | 27,183 | 35 | % | $ | 9,424 | 35 | % | |||||||||||||
State income tax | 4,609 | 2.4 | 357 | 0.4 | 996 | 3.7 | |||||||||||||||||||
Foreign income tax rate differential | 44 | — | 203 | 0.3 | 269 | 1 | |||||||||||||||||||
Nondeductible (nontaxable): | |||||||||||||||||||||||||
ESH REIT income | (38,753 | ) | (19.8 | ) | (33,798 | ) | (43.5 | ) | (6,632 | ) | (24.6 | ) | |||||||||||||
Pass-through entity income | — | — | (1,182 | ) | (1.5 | ) | (1,317 | ) | (4.9 | ) | |||||||||||||||
Change in expected distribution policy | — | — | (5,561 | ) | (7.2 | ) | — | — | |||||||||||||||||
Equity-based compensation | 1,376 | 0.7 | 6,598 | 8.5 | 2,100 | 7.8 | |||||||||||||||||||
Other permanent differences | 810 | 0.4 | 1,678 | 2.2 | 121 | 0.5 | |||||||||||||||||||
Change in temporary differences at ESH REIT that flow to the Corporation | 10,718 | 5.4 | — | — | — | — | |||||||||||||||||||
Valuation allowance | 1,182 | 0.6 | 216 | 0.3 | 21 | 0.1 | |||||||||||||||||||
Other—net | (3,393 | ) | (1.7 | ) | (684 | ) | (0.9 | ) | (340 | ) | (1.3 | ) | |||||||||||||
Income tax expense (benefit)—net | $ | 45,057 | 23 | % | $ | (4,990 | ) | (6.4 | )% | $ | 4,642 | 17.3 | % | ||||||||||||
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013, consist of the following (in thousands): | ||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 7,641 | $ | 7,851 | |||||||||||||||||||||
Accruals and allowances | 28,411 | 5,227 | |||||||||||||||||||||||
Deferred financing costs | 74 | — | |||||||||||||||||||||||
Equity-based compensation | 1,571 | — | |||||||||||||||||||||||
Intangible assets | 3,538 | 4,156 | |||||||||||||||||||||||
Other | 2,676 | 4,151 | |||||||||||||||||||||||
Total deferred tax assets | 43,911 | 21,385 | |||||||||||||||||||||||
Valuation allowance | (1,955 | ) | (773 | ) | |||||||||||||||||||||
Net deferred tax assets | 41,956 | 20,612 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Cumulative temporary differences at ESH REIT that flow to the Corporation | (28,669 | ) | (16,334 | ) | |||||||||||||||||||||
Intangible assets | (6,735 | ) | (7,157 | ) | |||||||||||||||||||||
Prepaid expenses | (1,085 | ) | (683 | ) | |||||||||||||||||||||
Depreciable property | (3,204 | ) | (3,750 | ) | |||||||||||||||||||||
Accruals and allowances | (8,540 | ) | — | ||||||||||||||||||||||
Other | (515 | ) | — | ||||||||||||||||||||||
Total net deferred tax (liabilities): | $ | (6,792 | ) | $ | (7,312 | ) | |||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||
Schedule of Income Before Income Tax Expense | Income (loss) before income tax (benefit) expense for the years ended December 31, 2014, 2013 and 2012 consists of the following (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
U.S. | $ | 247,694 | $ | 97,878 | $ | 21,384 | |||||||||||||||||||
Canada | (1,710 | ) | 1,712 | 3,326 | |||||||||||||||||||||
Total | $ | 245,984 | $ | 99,590 | $ | 24,710 | |||||||||||||||||||
Components of Provision for Income Taxes | The components of the income tax (benefit) expense for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Federal (including foreign): | |||||||||||||||||||||||||
Current | $ | (1,694 | ) | $ | 3,520 | $ | 1,583 | ||||||||||||||||||
Deferred | (309 | ) | (6,666 | ) | 1,719 | ||||||||||||||||||||
State: | |||||||||||||||||||||||||
Current | 583 | 3,044 | 672 | ||||||||||||||||||||||
Deferred | 310 | (774 | ) | 668 | |||||||||||||||||||||
Total | $ | (1,110 | ) | $ | (876 | ) | $ | 4,642 | |||||||||||||||||
Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate | The differences between the income tax (benefit) expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2014, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||
December 31, | December 31, | December 31, | |||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||
Tax at statutory rate | $ | 86,094 | 35 | % | $ | 34,857 | 35 | % | $ | 8,649 | 35 | % | |||||||||||||
State income tax | 893 | 0.4 | 910 | 0.9 | 996 | 4 | |||||||||||||||||||
Foreign income tax rate differential | (135 | ) | (0.1 | ) | 162 | 0.2 | 269 | 1.1 | |||||||||||||||||
Nondeductible (nontaxable): | |||||||||||||||||||||||||
ESH REIT income | (85,184 | ) | (34.7 | ) | (33,798 | ) | (34.0 | ) | (6,632 | ) | (26.8 | ) | |||||||||||||
Pass-through entity income | — | — | (255 | ) | (0.3 | ) | (542 | ) | (2.2 | ) | |||||||||||||||
Change in expected distribution policy | — | — | (5,561 | ) | (5.6 | ) | — | — | |||||||||||||||||
Equity-based compensation | 1 | — | 1,865 | 1.9 | 2,100 | 8.5 | |||||||||||||||||||
Other permanent differences | — | — | 1,294 | 1.3 | 121 | 0.5 | |||||||||||||||||||
Valuation allowance | — | — | 166 | 0.2 | 21 | 0.1 | |||||||||||||||||||
Other—net | (2,779 | ) | (1.1 | ) | (516 | ) | (0.5 | ) | (340 | ) | (1.4 | ) | |||||||||||||
Income tax (benefit) expense—net | $ | (1,110 | ) | (0.5 | )% | $ | (876 | ) | (0.9 | )% | $ | 4,642 | 18.8 | % | |||||||||||
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2014 and 2013, consist of the following (in thousands): | ||||||||||||||||||||||||
December 31, | December 31, | ||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||
Deferred tax assets: | |||||||||||||||||||||||||
Net operating loss carryforwards | $ | 7,267 | $ | 7,851 | |||||||||||||||||||||
Intangible assets | — | 101 | |||||||||||||||||||||||
Other | 139 | 102 | |||||||||||||||||||||||
Total deferred tax assets | 7,406 | 8,054 | |||||||||||||||||||||||
Deferred tax liabilities: | |||||||||||||||||||||||||
Depreciable property | $ | (3,073 | ) | $ | (4,806 | ) | |||||||||||||||||||
Other | (1,127 | ) | (41 | ) | |||||||||||||||||||||
Total net deferred tax assets: | $ | 3,206 | $ | 3,207 | |||||||||||||||||||||
Quarterly_Results_Unaudited_Ta
Quarterly Results (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||
Quarterly Financial Data | Quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (in thousands, except per share data): | ||||||||||||||||||||||||||||||||
Three Months | Three Months | Three Months | Three Months | ||||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Total revenues | $ | 270,316 | $ | 256,798 | $ | 321,914 | $ | 293,595 | $ | 338,553 | $ | 313,653 | $ | 282,692 | $ | 268,772 | |||||||||||||||||
Income from operations | 60,203 | 66,668 | 106,245 | 92,172 | 113,590 | 100,035 | 68,700 | 53,250 | |||||||||||||||||||||||||
Net income (loss) | 16,081 | 13,917 | 46,284 | 37,539 | 60,185 | 46,578 | 28,004 | (15,378 | ) | ||||||||||||||||||||||||
Net (income) loss attributable to noncontrolling interests | (5,291 | ) | (471 | ) | (3,048 | ) | 33 | (16,310 | ) | (422 | ) | (86,309 | ) | 4,435 | |||||||||||||||||||
Net income (loss) attributable to common shareholders or members | 10,790 | 13,446 | 43,236 | 37,572 | 43,875 | 46,156 | (58,305 | ) | (10,943 | ) | |||||||||||||||||||||||
Net income (loss) per common share — basic(1) | $ | 0.05 | $ | 0.08 | $ | 0.21 | $ | 0.22 | $ | 0.22 | $ | 0.27 | $ | (0.29 | ) | $ | (0.06 | ) | |||||||||||||||
Net income (loss) per common share — diluted(1) | $ | 0.05 | $ | 0.08 | $ | 0.21 | $ | 0.22 | $ | 0.21 | $ | 0.27 | $ | (0.29 | ) | $ | (0.06 | ) | |||||||||||||||
-1 | The sum of basic net income per common share and diluted net income per common share for the four quarters may differ from the annual basic net income per common share and annual diluted net income per common share due to rounding. | ||||||||||||||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||||||||||
Quarterly Financial Data | Quarterly financial data for the years ended December 31, 2014 and 2013 is as follows (in thousands, except per share data): | ||||||||||||||||||||||||||||||||
Three Months | Three Months | Three Months | Three Months | ||||||||||||||||||||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | ||||||||||||||||||||||||||
Total revenues | $ | 123,647 | $ | 256,846 | $ | 123,599 | $ | 293,650 | $ | 139,605 | $ | 313,701 | $ | 297,354 | $ | 208,342 | |||||||||||||||||
Income from operations | 49,395 | 65,976 | 50,821 | 91,465 | 67,537 | 99,160 | 225,092 | 76,618 | |||||||||||||||||||||||||
Net income | 11,795 | 13,225 | 6,786 | 36,832 | 36,340 | 45,703 | 192,173 | 4,706 | |||||||||||||||||||||||||
Net (income) loss attributable to noncontrolling interests | — | (471 | ) | — | 33 | — | (422 | ) | — | 130 | |||||||||||||||||||||||
Net income available to common shareholders or members | 11,795 | 12,754 | 6,786 | 36,865 | 36,340 | 45,281 | 192,173 | 4,836 | |||||||||||||||||||||||||
Net income per common share—Class A—basic(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class A—diluted(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class B—basic(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
Net income per common share—Class B—diluted(1) | $ | 0.03 | $ | 0.03 | $ | 0.01 | $ | 0.1 | $ | 0.08 | $ | 0.12 | $ | 0.42 | $ | 0.01 | |||||||||||||||||
-1 | The sum of basic net income per common share and diluted net income per common share for the four quarters may differ from the annual basic net income per common share and annual diluted net income per share due to rounding. | ||||||||||||||||||||||||||||||||
Variable_Interest_Entity_HVM_T
Variable Interest Entity (HVM) (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||
Summary of Fees Provided Under Hotel Management Agreements Between HVM and Operating Lessees | The following table sets forth a summary of the fees provided under the hotel management agreements between HVM and the Operating Lessees through the Pre-IPO Transactions: | ||||||||||||||||||||||||
Fees as | First Revenue | Fees as | Second Revenue | ||||||||||||||||||||||
Percentage of | Threshold | Percentage of | Threshold | ||||||||||||||||||||||
Revenue—First | Revenue—Second | ||||||||||||||||||||||||
Threshold | Threshold | ||||||||||||||||||||||||
U.S. 660 hotel operators | 2.50% | Up to $500 million | 0.50% | > $500 million | |||||||||||||||||||||
Canadian 3 hotel operators | 2.50% | Up to C$12 million | 0.50% | > C$12 million | |||||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 2.50% | Up to $1.8 million | 0.50% | > $1.8 million | |||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 8.00% | N/A | N/A | N/A | |||||||||||||||||||||
Summary of Hotel Management Fees, Administrative Services Fees, G&A Expense Reimbursements Fees, Third Party Management Fees | The following tables set forth a summary of hotel management fees, administrative services fees, general and administrative expense reimbursement fees, third party management fees and reimbursements to HVM for these activities for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012 (in thousands). Where appropriate, such amounts have been eliminated in the accompanying consolidated and combined financial statements. | ||||||||||||||||||||||||
Period from January 1, 2013 through the Pre-IPO Transactions | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 13,456 | $ | 40,466 | $ | — | $ | 53,922 | $ | 176,572 | $ | 230,494 | |||||||||||||
Canadian hotel operators | 101 | 176 | — | 277 | 2,630 | 2,907 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 40 | — | — | 40 | 493 | 533 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 1,331 | — | — | 1,331 | — | 1,331 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,130 | 6,130 | — | 6,130 | |||||||||||||||||||
ESH Strategies | — | — | 178 | 178 | — | 178 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 2 third party hotel operators | 295 | — | — | 295 | 640 | 935 | |||||||||||||||||||
$ | 15,223 | $ | 40,642 | $ | 6,308 | $ | 62,173 | $ | 180,335 | $ | 242,508 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 14,852 | $ | 78,732 | $ | — | $ | 93,584 | $ | 197,315 | $ | 290,899 | |||||||||||||
Canadian hotel operators | 41 | 331 | — | 372 | 2,983 | 3,355 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 46 | — | — | 46 | 561 | 607 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(1) | 78 | — | — | 78 | 270 | 348 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,745 | 6,745 | — | 6,745 | |||||||||||||||||||
ESH Strategies | — | — | 357 | 357 | — | 357 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(2) | 2,354 | — | — | 2,354 | 5,807 | 8,161 | |||||||||||||||||||
U.S. 2 third party hotel operators | 280 | — | — | 280 | 793 | 1,073 | |||||||||||||||||||
$ | 17,651 | $ | 79,063 | $ | 7,102 | $ | 103,816 | $ | 207,729 | $ | 311,545 | ||||||||||||||
-1 | Fees earned by HVM subsequent to the Company’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
-2 | Fees earned by HVM prior to the Company’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
Unaudited Condensed Consolidated Statements of Operations | Condensed Consolidated Financial Information— The condensed consolidated statements of operations of HVM for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Period from | Year Ended | ||||||||||||||||||||||||
January 1, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
through the | |||||||||||||||||||||||||
Pre-IPO | |||||||||||||||||||||||||
Transactions | |||||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||||
Management fee revenues | $ | 62,173 | $ | 103,816 | |||||||||||||||||||||
Reimbursement of payroll from managed properties | 180,335 | 207,729 | |||||||||||||||||||||||
Total revenues | 242,508 | 311,545 | |||||||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||
Hotel operating expenses | — | 27,280 | |||||||||||||||||||||||
General and administrative expenses | 58,049 | 65,795 | |||||||||||||||||||||||
Restructuring expenses | 605 | 5,763 | |||||||||||||||||||||||
Managed property payroll expenses | 180,335 | 207,729 | |||||||||||||||||||||||
Depreciation and amortization | 1,300 | 1,429 | |||||||||||||||||||||||
Total operating expenses | 240,289 | 307,996 | |||||||||||||||||||||||
Other income | 120 | 68 | |||||||||||||||||||||||
Net income | $ | 2,339 | $ | 3,617 | |||||||||||||||||||||
ESH REIT [Member] | |||||||||||||||||||||||||
Summary of Fees Provided Under Hotel Management Agreements Between HVM and Operating Lessees | The following table sets forth a summary of the fees provided under the hotel management agreements between HVM and the Operating Lessees through the Pre-IPO Transactions: | ||||||||||||||||||||||||
Fees as | First Revenue | Fees as | Second Revenue | ||||||||||||||||||||||
Percentage of | Threshold | Percentage of | Threshold | ||||||||||||||||||||||
Revenue—First | Revenue—Second | ||||||||||||||||||||||||
Threshold | Threshold | ||||||||||||||||||||||||
U.S. 660 hotel operators | 2.5 | % | Up to $500 million | 0.5 | % | > $500 million | |||||||||||||||||||
Canadian 3 hotel operators | 2.5 | % | Up to C$12 million | 0.5 | % | > C$12 million | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 2.5 | % | Up to $1.8 million | 0.5 | % | > $1.8 million | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 8 | % | N/A | N/A | N/A | ||||||||||||||||||||
Summary of Hotel Management Fees, Administrative Services Fees, G&A Expense Reimbursements Fees, Third Party Management Fees | The following tables set forth a summary of the hotel management fees, administrative services fees, general and administrative expense reimbursement fees, third party management fees and reimbursements to HVM for these activities for the period from January 1, 2013 through the Pre-IPO Transactions and for the year ended December 31, 2012 (in thousands). Where appropriate, such amounts have been eliminated in the accompanying consolidated financial statements. | ||||||||||||||||||||||||
Period from January 1, 2013 through the Pre-IPO Transactions | |||||||||||||||||||||||||
Management | General and | Administrative | Total | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | fees | personnel | |||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 13,456 | $ | 40,466 | $ | — | $ | 53,922 | $ | 176,572 | $ | 230,494 | |||||||||||||
Canadian hotel operators | 101 | 176 | — | 277 | 2,630 | 2,907 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 40 | — | — | 40 | 493 | 533 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012 | 1,331 | — | — | 1,331 | — | 1,331 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,130 | 6,130 | — | 6,130 | |||||||||||||||||||
ESH Strategies | — | — | 178 | 178 | — | 178 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 2 third party hotel operators | 295 | — | — | 295 | 640 | 935 | |||||||||||||||||||
$ | 15,223 | $ | 40,642 | $ | 6,308 | $ | 62,173 | $ | 180,335 | $ | 242,508 | ||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||||||||||
Management | General and | Administrative | Total fees | On-site | Total fees | ||||||||||||||||||||
fees | administrative | service fees | personnel | ||||||||||||||||||||||
expense | reimbursement | ||||||||||||||||||||||||
reimbursement | |||||||||||||||||||||||||
fees | |||||||||||||||||||||||||
Hotel Management Agreements: | |||||||||||||||||||||||||
U.S. 660 hotel operators | $ | 14,852 | $ | 78,732 | $ | — | $ | 93,584 | $ | 197,315 | $ | 290,899 | |||||||||||||
Canadian hotel operators | 41 | 331 | — | 372 | 2,983 | 3,355 | |||||||||||||||||||
U.S. 2 hotel operators under assumed mortgage loan | 46 | — | — | 46 | 561 | 607 | |||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(1) | 78 | — | — | 78 | 270 | 348 | |||||||||||||||||||
Administrative Services Agreements: | |||||||||||||||||||||||||
U.S. and Canadian 680 hotel owners | — | — | 6,745 | 6,745 | — | 6,745 | |||||||||||||||||||
ESH Strategies | — | — | 357 | 357 | — | 357 | |||||||||||||||||||
Third Party Management Agreements: | |||||||||||||||||||||||||
U.S. 17 hotel operators acquired in December 2012(2) | 2,354 | — | — | 2,354 | 5,807 | 8,161 | |||||||||||||||||||
U.S. 2 third party hotel operators | 280 | — | — | 280 | 793 | 1,073 | |||||||||||||||||||
$ | 17,651 | $ | 79,063 | $ | 7,102 | $ | 103,816 | $ | 207,729 | $ | 311,545 | ||||||||||||||
-1 | Fees earned by HVM subsequent to ESH REIT’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
-2 | Fees earned by HVM prior to ESH REIT’s acquisition of the 17 HFI hotels. | ||||||||||||||||||||||||
Unaudited Condensed Consolidated Statements of Operations | Condensed Consolidated Financial Information—The condensed consolidated statements of operations of HVM for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 are as follows (in thousands): | ||||||||||||||||||||||||
Period from | Year Ended | ||||||||||||||||||||||||
January 1, | December 31, | ||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
through the | |||||||||||||||||||||||||
Pre-IPO | |||||||||||||||||||||||||
Transactions | |||||||||||||||||||||||||
Revenues: | |||||||||||||||||||||||||
Management fee revenues | $ | 62,173 | $ | 103,816 | |||||||||||||||||||||
Reimbursement of payroll from managed properties | 180,335 | 207,729 | |||||||||||||||||||||||
Total revenues | 242,508 | 311,545 | |||||||||||||||||||||||
Operating expenses: | |||||||||||||||||||||||||
Hotel operating expenses | — | 27,280 | |||||||||||||||||||||||
General and administrative expenses | 58,049 | 65,795 | |||||||||||||||||||||||
Restructuring expenses | 605 | 5,763 | |||||||||||||||||||||||
Managed property payroll expenses | 180,335 | 207,729 | |||||||||||||||||||||||
Depreciation and amortization | 1,300 | 1,429 | |||||||||||||||||||||||
Total operating expenses | 240,289 | 307,996 | |||||||||||||||||||||||
Other income | 120 | 68 | |||||||||||||||||||||||
Net income | $ | 2,339 | $ | 3,617 | |||||||||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Future Minimum Lease Payments Under Operating Leases | Future minimum lease payments under operating leases as of December 31, 2014, are as follows (in thousands): | ||||
Years Ending | |||||
December 31, | |||||
2015 | $ | 2,425 | |||
2016 | 2,649 | ||||
2017 | 2,718 | ||||
2018 | 2,788 | ||||
2019 | 2,843 | ||||
Thereafter | 85,936 | ||||
Total | $ | 99,359 | |||
ESH REIT [Member] | |||||
Future Minimum Lease Payments Under Operating Leases | Future minimum lease payments under operating leases as of December 31, 2014, are as follows (in thousands): | ||||
Years Ending | |||||
December 31, | |||||
2015 | $ | 712 | |||
2016 | 729 | ||||
2017 | 750 | ||||
2018 | 771 | ||||
2019 | 775 | ||||
Thereafter | 82,381 | ||||
Total | $ | 86,118 | |||
Restructuring_Tables
Restructuring (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Restructuring Expenses | |||||||||
Year Ended | Year Ended | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Personnel relocation, recruitment, and separation payments | $ | 605 | $ | 3,729 | |||||
Executive separation payments | — | 2,019 | |||||||
Relocation of furniture, fixtures and equipment | — | 15 | |||||||
Total restructuring expenses | $ | 605 | $ | 5,763 | |||||
Summary of Corporate Restructuring | Amounts accrued and paid related to the operations and corporate restructurings during the years ended December 31, 2014 and 2013 are summarized as follows (in thousands): | ||||||||
December 31, | December 31, | ||||||||
2014 | 2013 | ||||||||
Balance—beginning of year | $ | 8 | $ | 213 | |||||
Expense incurred | — | 605 | |||||||
Cash payments | (8 | ) | (810 | ) | |||||
Balance—end of year | $ | — | $ | 8 | |||||
ESH REIT [Member] | |||||||||
Restructuring Expenses | |||||||||
Year Ended | Year Ended | ||||||||
December 31, | December 31, | ||||||||
2013 | 2012 | ||||||||
Personnel relocation, recruitment and separation payments | $ | 605 | $ | 3,729 | |||||
Executive separation payments | — | 2,019 | |||||||
Relocation of furniture, fixtures and equipment | — | 15 | |||||||
Total restructuring expenses | $ | 605 | $ | 5,763 | |||||
Summary of Corporate Restructuring | Amounts accrued and paid related to the operations and corporate restructurings during the year ended December 31, 2013, are summarized as follows (in thousands): | ||||||||
December 31, | |||||||||
2013 | |||||||||
Balance—beginning of year | $ | 213 | |||||||
Expense incurred | 605 | ||||||||
Cash payments | (810 | ) | |||||||
Assumption of liability by the Corporation | (8 | ) | |||||||
Balance—end of year | $ | — | |||||||
EquityBased_Compensation_Table
Equity-Based Compensation (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Summary of Key Assumptions Used for Fair Value Computation | The key assumptions used for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 were as follows: | ||||||||
Period from | Year Ended | ||||||||
January 1, 2013 | December 31, | ||||||||
through the | 2012 | ||||||||
Pre-IPO | |||||||||
Transactions | |||||||||
Expected holding period | 0.25 years | 3 years | |||||||
Risk–free rate of return | 0.2 | % | 0.4 | % | |||||
Expected dividend yield | 0 | % | 0 | % | |||||
Expected volatility | 30 | % | 55 | % | |||||
Discount for lack of marketability | 20 | % | 20 | % | |||||
Summary of Restricted Stock Award and Restricted Stock Unit Activity | Restricted stock award and restricted stock unit (collectively, “RSA/RSU”) activity during the years ended December 31, 2014, 2013 and 2012, after taking into account the conversion of Profit Units issued under HVM’s management incentive plan on November 12, 2013, was as follows: | ||||||||
Number of | Weighted- | ||||||||
RSAs/RSUs | Average Grant- | ||||||||
(in thousands) | Date Fair | ||||||||
Value | |||||||||
per RSA/RSU(1) | |||||||||
Outstanding RSAs/RSUs—January 1, 2012 | 4,811 | $ | 5.83 | ||||||
RSAs/RSUs granted in 2012 | 1,349 | $ | 9.47 | ||||||
RSAs/RSUs settled in 2012 | (96 | ) | $ | 5.52 | |||||
RSAs/RSUs forfeited in 2012 | (1,248 | ) | $ | 5.62 | |||||
Outstanding RSAs/RSUs—December 31, 2012 | 4,816 | $ | 6.96 | ||||||
RSAs/RSUs granted in 2013 | 535 | $ | 21.89 | ||||||
RSAs/RSUs converted or accelerated in 2013 | (2,802 | ) | $ | 6.67 | |||||
RSAs/RSUs settled in 2013 | (96 | ) | $ | 6.67 | |||||
RSAs/RSUs forfeited in 2013 | (520 | ) | $ | 5.76 | |||||
Outstanding RSAs/RSUs—December 31, 2013 | 1,933 | $ | 12.02 | ||||||
RSAs/RSUs granted in 2014 | 135 | $ | 24.33 | ||||||
RSAs/RSUs settled in 2014 | (719 | ) | $ | 8.87 | |||||
RSAs/RSUs forfeited in 2014 | (278 | ) | $ | 8.38 | |||||
Outstanding RSAs/RSUs—December 31, 2014 | 1,071 | $ | 16.43 | ||||||
Vested RSAs/RSUs—December 31, 2014 | 131 | $ | 24.08 | ||||||
Nonvested RSAs/RSUs—December 31, 2014 | 940 | $ | 15.37 | ||||||
Vested RSAs/RSUs—December 31, 2013 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2013 | 1,933 | $ | 12.02 | ||||||
-1 | Valuation was performed contemporaneously with grants for the periods through the Pre-IPO Transactions. | ||||||||
ESH REIT [Member] | |||||||||
Summary of Key Assumptions Used for Fair Value Computation | The key assumptions used for the period from January 1, 2013 through the Pre-IPO Transactions and the year ended December 31, 2012 were as follows: | ||||||||
Period from | Year Ended | ||||||||
January 1, 2013 | December 31, | ||||||||
through the | 2012 | ||||||||
Pre-IPO | |||||||||
Transactions | |||||||||
Expected holding period | 0.25 years | 3 years | |||||||
Risk–free rate of return | 0.2 | % | 0.4 | % | |||||
Expected dividend yield | 0 | % | 0 | % | |||||
Expected volatility | 30 | % | 55 | % | |||||
Discount for lack of marketability | 20 | % | 20 | % | |||||
Summary of Restricted Stock Award and Restricted Stock Unit Activity | Restricted stock award and restricted stock unit (collectively, “RSA/RSU”) activity during the years ended December 31, 2014, 2013 and 2012, after taking into account the conversion of Profit Units issued under HVM’s management incentive plan on November 12, 2013, was as follows: | ||||||||
Weighted- | |||||||||
Average | |||||||||
Number of | Grant-Date | ||||||||
RSAs/RSUs | Fair Value | ||||||||
(in thousands) | per RSA/RSU (1) | ||||||||
Outstanding RSAs/RSUs—January 1, 2012 | 4,811 | $ | 5.83 | ||||||
RSAs/RSUs granted in 2012 | 1,349 | $ | 9.47 | ||||||
RSAs/RSUs settled in 2012 | (96 | ) | $ | 5.52 | |||||
RSAs/RSUs forfeited in 2012 | (1,248 | ) | $ | 5.62 | |||||
Outstanding RSAs/RSUs—December 31, 2012 | 4,816 | $ | 6.96 | ||||||
RSAs/RSUs granted in 2013 | 185 | $ | 17.75 | ||||||
RSAs/RSUs converted or accelerated in 2013 | (2,802 | ) | $ | 6.67 | |||||
RSAs/RSUs settled in 2013 | (96 | ) | $ | 6.67 | |||||
RSAs/RSUs forfeited in 2013 | (520 | ) | $ | 5.76 | |||||
Outstanding RSAs/RSUs—December 31, 2013 | 1,583 | $ | 9.35 | ||||||
RSAs/RSUs granted in 2014 | 3 | $ | 23.14 | ||||||
RSAs/RSUs settled in 2014 | (712 | ) | $ | 8.74 | |||||
RSAs/RSUs forfeited in 2014 | (274 | ) | $ | 8.07 | |||||
Outstanding RSAs/RSUs—December 31, 2014 | 600 | $ | 10.38 | ||||||
Vested RSAs/RSUs—December 31, 2014 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2014 | 600 | $ | 10.38 | ||||||
Vested RSAs/RSUs—December 31, 2013 | — | $ | — | ||||||
Nonvested RSAs/RSUs—December 31, 2013 | 1,583 | $ | 9.35 | ||||||
-1 | Valuation was performed contemporaneously with grants for the periods through the Pre-IPO Transactions. |
Business_Organization_and_Basi1
Business, Organization and Basis of Consolidation and Combination - Additional Information (Detail) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 13, 2014 |
Hotel | State | Hotel | |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 682 | ||
U.S. [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of states in which the company owns hotels | 44 | 44 | |
U.S. [Member] | ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of states in which the company owns hotels | 44 | 44 | |
Hotel [Member] | U.S. [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 679 | 681 | |
Number of rooms, approximately | 75,500 | 75,500 | |
Hotel [Member] | U.S. [Member] | ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 679 | 681 | |
Number of rooms, approximately | 75,700 | 75,700 | |
Hotel [Member] | Canada [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 3 | 3 | |
Number of rooms, approximately | 500 | 500 | |
Hotel [Member] | Canada [Member] | ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 3 | 3 | |
Number of rooms, approximately | 500 | 500 | |
Hotel [Member] | Extended Stay Canada [Member] | Canada [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 3 | ||
Hotel [Member] | Extended Stay Canada [Member] | Canada [Member] | ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 3 | ||
Hotel [Member] | Crossland Studio Suites [Member] | Canada [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 47 | ||
Hotel [Member] | Crossland Studio Suites [Member] | Canada [Member] | ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Number of hotels | 47 |
Business_Organization_and_Basi2
Business, Organization and Basis of Consolidation and Combination (The Pre-IPO Transactions) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |
Nov. 18, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Transfer of operating lessees | 1.00% | ||
Payments for transfer | $1,600,000 | ||
Acquisition of HVM | 800,000 | ||
Approximate percentage of ownership of common stock | 55.00% | ||
Preferred stock | 21,202,000 | 21,202,000 | |
Mandatorily Redeemable Preferred Stock [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Preferred stock | 21,200,000 | ||
Preferred stock, redemption rate | 8.00% | 8.00% | |
Capital Unit, Class A [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Percentage of ownership of common stock | 96.50% | ||
ESH REIT [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Transfer of operating lessees | 1.00% | ||
Payments for transfer | 1,600,000 | ||
Acquisition of HVM | 800,000 | ||
Approximate percentage of ownership of common stock | 55.00% | ||
Preferred stock, redemption rate | 12.50% | ||
ESH REIT [Member] | Common Class A [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Approximate percentage of ownership of common stock | 55.00% | 55.00% | |
ESH REIT [Member] | Mandatorily Redeemable Preferred Stock [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Preferred stock | $21,200,000 | ||
Preferred stock, redemption rate | 8.00% | ||
ESH REIT [Member] | Capital Unit, Class A [Member] | |||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||
Percentage of ownership of common stock | 96.50% |
Business_Organization_and_Basi3
Business, Organization and Basis of Consolidation and Combination (Initial Public Offering and Secondary Offering) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||
Nov. 18, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 12, 2014 | |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Offering of paired shares | 32,487,500 | ||||
Cash consideration per Paired share | $20 | ||||
Common stock, par value | $0.01 | $0.01 | $0.01 | ||
Total gross proceeds to the Company | $649,800,000 | ||||
Paired shares purchased by the underwriters | 4,237,500 | ||||
Proceeds to the company after deducting underwriting discounts, commissions and other transaction costs | 602,200,000 | ||||
Repayments of long-term debt | 365,000,000 | 715,000,000 | 700,000,000 | ||
Equity issuance costs | 47,585,000 | ||||
Common stock, shares outstanding | 204,517,265 | 204,787,500 | |||
Approximate percentage of ownership of common stock | 55.00% | ||||
Mezzanine A Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 331,000,000 | ||||
Mezzanine B Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 218,500,000 | ||||
Mezzanine C Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 165,500,000 | ||||
Secondary Offering [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Number of shares sold | 24,150,000 | ||||
ESH REIT [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Offering of paired shares | 32,487,500 | ||||
Cash consideration per Paired share | $20 | ||||
Common stock, par value | $0.01 | ||||
Total gross proceeds to the Company | 649,800,000 | ||||
Paired shares purchased by the underwriters | 4,237,500 | ||||
Proceeds to the company after deducting underwriting discounts, commissions and other transaction costs | 599,900,000 | ||||
Repayments of long-term debt | 365,000,000 | 715,000,000 | 700,000,000 | ||
Equity issuance costs | 19,991,000 | ||||
Approximate percentage of ownership of common stock | 55.00% | ||||
ESH REIT [Member] | Mezzanine A Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 331,000,000 | ||||
ESH REIT [Member] | Mezzanine B Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 218,500,000 | ||||
ESH REIT [Member] | Mezzanine C Loan [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Repayments of long-term debt | 165,500,000 | ||||
ESH REIT [Member] | Secondary Offering [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Number of shares sold | 24,150,000 | ||||
Public [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Percentage of outstanding paired shares, owned | 28.90% | 15.90% | |||
Public [Member] | ESH REIT [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Percentage of outstanding paired shares, owned | 28.90% | 15.90% | |||
Sponsors and Management [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Percentage of outstanding paired shares, owned | 71.10% | 84.10% | |||
Sponsors and Management [Member] | ESH REIT [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Percentage of outstanding paired shares, owned | 71.10% | 84.10% | |||
Selling Shareholders [Member] | Secondary Offering [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Equity issuance costs | 1,500,000 | ||||
Selling Shareholders [Member] | ESH REIT [Member] | Secondary Offering [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Equity issuance costs | $700,000 | ||||
Common Class B [Member] | ESH REIT [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Common stock, par value | $0.01 | $0.01 | $0.01 | ||
Common stock, shares outstanding | 204,517,265 | 204,787,500 | |||
Common Class A [Member] | ESH REIT [Member] | |||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | |||||
Common stock, par value | $0.01 | $0.01 | |||
Common stock, shares outstanding | 250,303,494 | 250,295,833 | |||
Approximate percentage of ownership of common stock | 55.00% | 55.00% |
Business_Organization_and_Basi4
Business, Organization and Basis of Consolidation and Combination (Basis of Consolidation and Combination) - Additional Information (Detail) | 14 Months Ended |
Dec. 31, 2014 | |
Collaboration Arrangement Disclosure [Abstract] | |
Percentage of common equity | 45.00% |
Preferred shares of ESH REIT | 125 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 0 Months Ended | 10 Months Ended | 12 Months Ended | ||
Nov. 18, 2013 | Nov. 11, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Segment | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Amounts held for insurance collateral | $21,600,000 | ||||
Impairment charge related to Property and Equipment | 2,300,000 | 3,330,000 | 1,420,000 | ||
Impairment Charges | 0 | 0 | 0 | ||
Number of Operating segment | 1 | ||||
Impairment Charges | 0 | 0 | 0 | ||
Unamortized deferred financing costs | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | |
Amortization of deferred financing costs | 14,300,000 | 12,500,000 | 11,000,000 | ||
Advertising costs | 28,300,000 | 28,200,000 | 25,200,000 | ||
Liabilities for high-deductible insurance programs | 41,300,000 | 36,200,000 | |||
Percentage of variable interest in HVM | 99.00% | 97.00% | |||
Federal income tax | 55.00% | ||||
Net operating loss expiration period | 2032 | ||||
Foreign currency transaction losses | -2,728,000 | -3,980,000 | 87,000 | ||
Foreign currency transaction losses | -3,800,000 | ||||
Compensation cost | 0 | ||||
Historical- Prior to 2014 [Member] | Nontaxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 100.00% | ||||
Successor [Member] | Nontaxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 95.00% | ||||
Scenario, Forecast [Member] | Taxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 5.00% | ||||
Hotel Operating Expense [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Advertising costs | 28,300,000 | 18,800,000 | 15,200,000 | ||
General and Administrative Expenses [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Advertising costs | 9,400,000 | 10,000,000 | |||
ESH REIT [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Impairment charge related to Property and Equipment | 0 | 3,330,000 | 1,420,000 | ||
Impairment Charges | 0 | 0 | 0 | ||
Number of Operating segment | 1 | ||||
Impairment Charges | 0 | 0 | 0 | ||
Unamortized deferred financing costs | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | |
Amortization of deferred financing costs | 11,700,000 | 12,300,000 | 11,000,000 | ||
Advertising costs | 26,300,000 | 25,200,000 | |||
Percentage of variable interest in HVM | 99.00% | 97.00% | |||
Net operating loss expiration period | 2032 | ||||
Foreign currency transaction losses | -2,194,000 | -3,980,000 | 87,000 | ||
Foreign currency transaction losses | -3,600,000 | ||||
Deferred rent receivable | 30,883,000 | 3,631,000 | |||
ESH REIT [Member] | Historical- Prior to 2014 [Member] | Nontaxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 100.00% | ||||
ESH REIT [Member] | Successor [Member] | Nontaxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 95.00% | ||||
ESH REIT [Member] | Scenario, Forecast [Member] | Taxable Income [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Concentration risk, percentage | 5.00% | ||||
ESH REIT [Member] | Scenario, Plan [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Net operating loss expiration period | 2032 | ||||
ESH REIT [Member] | Hotel Operating Expense [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Advertising costs | 16,900,000 | 15,200,000 | |||
ESH REIT [Member] | General and Administrative Expenses [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Advertising costs | 9,400,000 | 10,000,000 | |||
ESH REIT [Member] | Minimum [Member] | |||||
Summary Of Significant Accounting Policies [Line Items] | |||||
Minimum taxable income | 90.00% | ||||
Deposits in excess not insured | $250,000 |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Depreciation and Amortization of Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Hotel Buildings [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 5 years |
Hotel Buildings [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 49 years |
Hotel Buildings [Member] | ESH REIT [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 5 years |
Hotel Buildings [Member] | ESH REIT [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 49 years |
Hotel Building Improvements [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Building Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 39 years |
Hotel Building Improvements [Member] | ESH REIT [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Building Improvements [Member] | ESH REIT [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 39 years |
Hotel Site Improvements [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Site Improvements [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 20 years |
Hotel Site Improvements [Member] | ESH REIT [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Site Improvements [Member] | ESH REIT [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 20 years |
Hotel Furniture, Fixtures and Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 1 year |
Hotel Furniture, Fixtures and Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 10 years |
Hotel Furniture, Fixtures and Equipment [Member] | ESH REIT [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 1 year |
Hotel Furniture, Fixtures and Equipment [Member] | ESH REIT [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 10 years |
Office Furniture, Fixtures and Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Office Furniture, Fixtures and Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 7 years |
Office Furniture, Fixtures and Equipment [Member] | ESH REIT [Member] | Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Office Furniture, Fixtures and Equipment [Member] | ESH REIT [Member] | Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 7 years |
Net_Income_Per_Share_Calculati
Net Income Per Share - Calculations of Basic and Diluted Net Income Per Share, Including a Reconciliation of Numerators and Denominators (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Earnings Per Share [Line Items] | |||||||||||
Net income available to common shareholders-basic | ($58,305) | $43,875 | $43,236 | $10,790 | ($10,943) | $46,156 | $37,572 | $13,446 | $39,596 | $86,231 | $20,732 |
Less amounts available assuming conversion | -315 | -166 | -53 | ||||||||
Net income available to common shareholders-diluted | 39,281 | 86,065 | 20,679 | ||||||||
Weighted average number of common shares outstanding-basic | 203,548 | 174,894 | 169,816 | ||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||
Weighted average number of common shares outstanding-diluted | 204,508 | 176,268 | 171,796 | ||||||||
NET INCOME PER COMMON SHARE - BASIC | ($0.29) | $0.22 | $0.21 | $0.05 | ($0.06) | $0.27 | $0.22 | $0.08 | $0.19 | $0.49 | $0.12 |
Net income per common share - diluted | ($0.29) | $0.21 | $0.21 | $0.05 | ($0.06) | $0.27 | $0.22 | $0.08 | $0.19 | $0.49 | $0.12 |
ESH REIT [Member] | |||||||||||
Earnings Per Share [Line Items] | |||||||||||
Net income available to common shareholders-basic | 192,173 | 36,340 | 6,786 | 11,795 | 4,836 | 45,281 | 36,865 | 12,754 | 247,094 | 99,736 | 18,519 |
ESH REIT [Member] | Common Class A [Member] | |||||||||||
Earnings Per Share [Line Items] | |||||||||||
Net income available to common shareholders-basic | 136,152 | 55,046 | 10,262 | ||||||||
Less amounts available assuming conversion | -315 | -166 | -53 | ||||||||
Net income available to common shareholders-diluted | 135,837 | 54,880 | 10,209 | ||||||||
Weighted average number of common shares outstanding-basic | 250,300 | 213,759 | 207,553 | ||||||||
Weighted average number of common shares outstanding-basic and diluted | 250,300 | 213,759 | 207,553 | ||||||||
Weighted average number of common shares outstanding-diluted | 250,300 | 213,759 | 207,553 | ||||||||
NET INCOME PER COMMON SHARE - BASIC | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.26 | $0.05 |
Net income per common share - diluted | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.26 | $0.05 |
ESH REIT [Member] | Common Class B [Member] | |||||||||||
Earnings Per Share [Line Items] | |||||||||||
Net income available to common shareholders-basic | 110,942 | 44,690 | 8,257 | ||||||||
Less amounts available assuming conversion | 315 | 166 | 53 | ||||||||
Net income available to common shareholders-diluted | $111,257 | $44,856 | $8,310 | ||||||||
Weighted average number of common shares outstanding-basic | 203,548 | 174,894 | 169,816 | ||||||||
Dilutive securities | 960 | 1,374 | 1,980 | ||||||||
Weighted average number of common shares outstanding-diluted | 204,508 | 176,268 | 171,796 | ||||||||
NET INCOME PER COMMON SHARE - BASIC | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.55 | $0.26 | $0.05 |
Net income per common share - diluted | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.25 | $0.05 |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |||
Dec. 13, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 13, 2012 | |
Hotel | Hotel | ||||
Business Acquisition [Line Items] | |||||
Number of hotels | 17 | 2 | 17 | ||
Cash consideration | $131,800,000 | $16,500,000 | |||
Revenues | 35,000,000 | 30,500,000 | 1,300,000 | ||
Income from operations | 17,600,000 | 14,500,000 | 600,000 | ||
Legal, professional, and other fees | 235,000 | 1,675,000 | |||
ESH REIT [Member] | |||||
Business Acquisition [Line Items] | |||||
Number of hotels | 17 | 2 | 17 | ||
Cash consideration | 131,800,000 | 16,500,000 | |||
Revenues | 26,600,000 | 26,600,000 | 1,300,000 | ||
Income from operations | 13,200,000 | 13,200,000 | 600,000 | ||
Legal, professional, and other fees | $235,000 | $1,675,000 |
Acquisitions_Purchase_Price_Al
Acquisitions - Purchase Price Allocation Among the Assets Acquired and Liabilities Assumed (Detail) (USD $) | 0 Months Ended |
In Thousands, unless otherwise specified | Dec. 13, 2012 |
Business Acquisition [Line Items] | |
Land and site improvements | 61,686 |
Building and improvements | 59,547 |
Furniture, fixtures and equipment | 10,598 |
Other assets and liabilities-net | -41 |
Total purchase price | 131,790 |
ESH REIT [Member] | |
Business Acquisition [Line Items] | |
Land and site improvements | 61,686 |
Building and improvements | 59,547 |
Furniture, fixtures and equipment | 10,598 |
Other assets and liabilities-net | -41 |
Total purchase price | 131,790 |
HFI [Member] | Land and Site Improvements [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 5 years |
HFI [Member] | Land and Site Improvements [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 11 years |
HFI [Member] | Land and Site Improvements [Member] | ESH REIT [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 5 years |
HFI [Member] | Land and Site Improvements [Member] | ESH REIT [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 11 years |
HFI [Member] | Building and Improvements [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 19 years |
HFI [Member] | Building and Improvements [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 40 years |
HFI [Member] | Building and Improvements [Member] | ESH REIT [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 19 years |
HFI [Member] | Building and Improvements [Member] | ESH REIT [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 40 years |
HFI [Member] | Furniture, Fixtures, and Equipment [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 3 years |
HFI [Member] | Furniture, Fixtures, and Equipment [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 10 years |
HFI [Member] | Furniture, Fixtures, and Equipment [Member] | ESH REIT [Member] | Minimum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 3 years |
HFI [Member] | Furniture, Fixtures, and Equipment [Member] | ESH REIT [Member] | Maximum [Member] | |
Business Acquisition [Line Items] | |
Estimated useful life | 10 years |
Acquisitions_Summary_of_Revenu
Acquisitions - Summary of Revenues and Expenses (Detail) (HFI [Member], USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2012 |
Business Acquisitions Pro Forma Information [Line Items] | |
Room revenues | $1,014,335 |
Other hotel revenues | 17,266 |
Hotel operating expenses | 506,399 |
Depreciation and amortization | 136,386 |
Interest expense | 264,691 |
Net income | 26,816 |
ESH REIT [Member] | |
Business Acquisitions Pro Forma Information [Line Items] | |
Room revenues | 1,014,335 |
Other hotel revenues | 17,266 |
Hotel operating expenses | 506,399 |
Depreciation and amortization | 136,386 |
Interest expense | 264,691 |
Net income | $24,603 |
Property_and_Equipment_Net_Inv
Property and Equipment - Net Investment in Property and Equipment (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | $4,709,962 | $4,566,688 |
Less accumulated depreciation | -622,514 | -439,371 |
Property and equipment-net | 4,087,448 | 4,127,317 |
ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,686,608 | 4,546,418 |
Less accumulated depreciation | -606,960 | -426,479 |
Property and equipment-net | 4,079,648 | 4,119,939 |
Land and Site Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,351,160 | 1,347,260 |
Land and Site Improvements [Member] | ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,352,621 | 1,347,170 |
Building and Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 2,894,021 | 2,839,454 |
Building and Improvements [Member] | ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 2,894,730 | 2,839,452 |
Furniture and Fixtures and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 443,149 | 362,022 |
Furniture and Fixtures and Equipment [Member] | ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 437,582 | 357,975 |
Hotel [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,688,330 | 4,548,736 |
Less accumulated depreciation | -608,600 | -427,533 |
Hotel [Member] | ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,684,933 | 4,544,597 |
Corporate Furniture, Fixtures, and Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 19,957 | 16,131 |
Less accumulated depreciation | -13,914 | -11,838 |
Undeveloped Land Parcel [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,675 | 1,821 |
Undeveloped Land Parcel [Member] | ESH REIT [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | $1,675 | $1,821 |
Property_and_Equipment_Additio
Property and Equipment - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 28, 2014 | |
Hotel | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $2,300,000 | $3,330,000 | $1,420,000 | |
Hotel properties, carrying value | 4,087,448,000 | 4,127,317,000 | ||
Gain on sale of hotel properties | 864,000 | |||
Repayment of mortgage loan | 1,794,000 | 5,865,000 | 1,974,511,000 | |
Number of hotel properties | 682 | |||
Hotel [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of hotel sold | 2 | |||
Hotel properties, carrying value | 2,200,000 | |||
Sold two hotel properties to a third party | 3,500,000 | |||
Gain on sale of hotel properties | 900,000 | |||
Repayment of mortgage loan | 1,794,000 | |||
Hotel [Member] | Commercial Real Estate [Member] | 2012 Mortgage Loans [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of hotel properties | 678 | |||
ESH REIT [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | 0 | 3,330,000 | 1,420,000 | |
Hotel properties, carrying value | 4,079,648,000 | 4,119,939,000 | ||
Gain on sale of hotel properties | 864,000 | |||
Repayment of mortgage loan | 1,794,000 | 5,865,000 | 1,974,511,000 | |
ESH REIT [Member] | Hotel [Member] | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of hotel sold | 2 | |||
Hotel properties, carrying value | 2,200,000 | |||
Sold two hotel properties to a third party | 3,500,000 | |||
Gain on sale of hotel properties | 900,000 | |||
Repayment of mortgage loan | $1,794,000 |
Intangible_Assets_and_Goodwill2
Intangible Assets and Goodwill - Company's Intangible Assets and Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | $37,470 | $37,470 |
Goodwill, Gross Carrying Amount | 55,633 | 55,633 |
Intangible assets, Gross Carrying Amount | 26,970 | 26,970 |
Goodwill, Net Book Value | 55,633 | 55,633 |
Total intangible assets and goodwill, Gross Carrying Amount | 93,103 | 93,103 |
Intangible assets, Accumulated Amortization | -5,814 | -4,440 |
Intangible assets, Net Book Value | 21,156 | 22,530 |
Intangible assets, Net Book Value | 31,656 | 33,030 |
Total intangible assets and goodwill, Net Book Value | 87,289 | 88,663 |
Trademarks [Member] | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 10,500 | 10,500 |
Intangible assets, Net Book Value | 10,500 | 10,500 |
Customer Relationships [Member] | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Estimated Useful Life | 20 years | 20 years |
Intangible assets, Gross Carrying Amount | 26,800 | 26,800 |
Intangible assets, Accumulated Amortization | -5,670 | -4,330 |
Intangible assets, Net Book Value | 21,130 | 22,470 |
Customer E-mail Database [Member] | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Estimated Useful Life | 5 years | 5 years |
Intangible assets, Gross Carrying Amount | 170 | 170 |
Intangible assets, Accumulated Amortization | -144 | -110 |
Intangible assets, Net Book Value | $26 | $60 |
Intangible_Assets_and_Goodwill3
Intangible Assets and Goodwill - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Weighted-average amortization period remaining for definite-lived intangible assets | 16 years |
Intangible_Assets_and_Goodwill4
Intangible Assets and Goodwill - Estimated Future Amortization Expense for Intangible Assets (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Goodwill and Intangible Assets Disclosure [Abstract] | ||
2015 | $1,366 | |
2016 | 1,340 | |
2017 | 1,340 | |
2018 | 1,340 | |
2019 | 1,340 | |
Thereafter | 14,430 | |
Intangible assets, Net Book Value | $21,156 | $22,530 |
Debt_Outstanding_Debt_Summary_
Debt - Outstanding Debt Summary (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ||
Mortgage loans payable | $2,518,049 | $2,519,843 |
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | |
Mezzanine loans payable | 365,000 | |
Revolving Credit Facility | 20,000 | |
Total debt | 2,891,369 | 2,904,843 |
ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Mortgage loans payable | 2,518,049 | 2,519,843 |
Term loan facility payable, net of unaccreted discount of $1,680 and $0 | 373,320 | |
Mezzanine loans payable | 365,000 | |
Revolving Credit Facility | 0 | 20,000 |
Total debt | $2,891,369 | $2,904,843 |
Debt_Outstanding_Debt_Summary_1
Debt - Outstanding Debt Summary (Parenthetical) (Detail) (2014 Term Loan [Member], USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ||
Unaccreted discount on debt | $1,680 | $0 |
ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Unaccreted discount on debt | $1,680 | $0 |
Debt_Debt_Transactions_Detail
Debt - Debt Transactions (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | |||
Debt-beginning of year | $2,904,843 | $3,605,708 | |
Proceeds from term loan facility, net of discount | 373,125 | ||
Proceeds from revolving credit facilities | 210,000 | 20,000 | |
Accretion of debt discount | 195 | ||
Payments on mortgage loans | -1,794 | -5,865 | -1,974,511 |
Payments on mezzanine loans | -365,000 | -715,000 | -700,000 |
Payments on revolving credit facilities | -230,000 | ||
Debt-end of year | 2,891,369 | 2,904,843 | 3,605,708 |
ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Debt-beginning of year | 2,904,843 | 3,605,708 | |
Proceeds from term loan facility, net of discount | 373,125 | ||
Proceeds from revolving credit facilities | 143,000 | 20,000 | |
Accretion of debt discount | 195 | ||
Payments on mortgage loans | -1,794 | -5,865 | -1,974,511 |
Payments on mezzanine loans | -365,000 | -715,000 | -700,000 |
Payments on revolving credit facilities | -163,000 | ||
Debt-end of year | $2,891,369 | $2,904,843 | $3,605,708 |
Debt_Outstanding_Debt_Detail
Debt - Outstanding Debt (Detail) (USD $) | 12 Months Ended | ||||||
Dec. 31, 2014 | Dec. 31, 2013 | Nov. 18, 2013 | Jun. 23, 2014 | Nov. 18, 2014 | Nov. 17, 2014 | Nov. 30, 2012 | |
Debt Instrument [Line Items] | |||||||
Mortgage loans | $2,518,049,000 | $2,519,843,000 | |||||
Term loan payable | 373,320,000 | ||||||
2012 Mezzanine Loan | 365,000,000 | ||||||
Revolving Credit Facility | 20,000,000 | ||||||
Total | 2,891,369,000 | 2,904,843,000 | |||||
Revolving credit facility, capacity | 75,000,000 | ||||||
2014 Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 375,000,000 | ||||||
2012 Mortgage Loan Component A [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 350,000,000 | ||||||
Mortgage loans | 348,049,000 | 349,843,000 | |||||
Stated Interest Rate | LIBOR + 2.0547% | ||||||
Interest Rate | 2.23% | 2.22% | |||||
Maturity Date | 1-Dec-15 | ||||||
Amortization | Interest only | ||||||
2012 Mortgage Loan Component B [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 350,000,000 | ||||||
Mortgage loans | 350,000,000 | 350,000,000 | |||||
Mezzanine loans payable 2012 Mezzanine A Loan | 3.40% | ||||||
Interest Rate | 3.40% | 3.40% | |||||
Maturity Date | 1-Dec-17 | ||||||
Amortization | Interest only | ||||||
2012 Mortgage Loan Component C [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 1,820,000,000 | ||||||
Mortgage loans | 1,820,000,000 | 1,820,000,000 | |||||
Mezzanine loans payable 2012 Mezzanine A Loan | 4.05% | ||||||
Interest Rate | 4.05% | 4.05% | |||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
Mezzanine A Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 500,000,000 | ||||||
2012 Mezzanine Loan | 168,981,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 8.25% | ||||||
Interest Rate | 8.25% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
Mezzanine B Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 330,000,000 | ||||||
2012 Mezzanine Loan | 111,528,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 9.63% | ||||||
Interest Rate | 9.63% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
Mezzanine C Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 250,000,000 | ||||||
2012 Mezzanine Loan | 84,491,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 11.50% | ||||||
Interest Rate | 11.50% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
ESH REIT Revolving Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 250,000,000 | ||||||
Revolving Credit Facility | 20,000,000 | ||||||
Stated Interest Rate | LIBOR + 3.00% | ||||||
Interest Rate | 3.16% | ||||||
Maturity Date | 18-Nov-16 | ||||||
Amortization | Interest only | ||||||
Revolving credit facility, capacity | 50,000,000 | 75,000,000 | 100,000,000 | ||||
Term Loan Facility [Member] | 2014 Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 375,000,000 | ||||||
Term loan payable | 373,320,000 | ||||||
Stated Interest Rate | LIBOR + 4.25% | ||||||
Interest Rate | 5.00% | ||||||
Maturity Date | 24-Jun-19 | ||||||
Amortization | Interest only | ||||||
Corporation Revolving Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 50,000,000 | ||||||
Revolving Credit Facility | 0 | 0 | |||||
Stated Interest Rate | LIBOR + 3.75% | ||||||
Maturity Date | 18-Nov-16 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Mortgage loans | 2,518,049,000 | 2,519,843,000 | |||||
Term loan payable | 373,320,000 | ||||||
2012 Mezzanine Loan | 365,000,000 | ||||||
Revolving Credit Facility | 0 | 20,000,000 | |||||
Total | 2,891,369,000 | 2,904,843,000 | |||||
Revolving credit facility, capacity | 250,000,000 | ||||||
ESH REIT [Member] | 2014 Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Stated Amount | 375,000,000 | ||||||
ESH REIT [Member] | 2012 Mortgage Loan Component A [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Mortgage loans | 348,049,000 | 349,843,000 | |||||
Stated Interest Rate | LIBOR + 2.0547% | ||||||
Interest Rate | 2.23% | 2.22% | |||||
Maturity Date | 1-Dec-15 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | 2012 Mortgage Loan Component B [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Mortgage loans | 350,000,000 | 350,000,000 | |||||
Mezzanine loans payable 2012 Mezzanine A Loan | 3.40% | ||||||
Interest Rate | 3.40% | 3.40% | |||||
Maturity Date | 1-Dec-17 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | 2012 Mortgage Loan Component C [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Mortgage loans | 1,820,000,000 | 1,820,000,000 | |||||
Mezzanine loans payable 2012 Mezzanine A Loan | 4.05% | ||||||
Interest Rate | 4.05% | 4.05% | |||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | Mezzanine A Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
2012 Mezzanine Loan | 168,981,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 8.25% | ||||||
Interest Rate | 8.25% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | Mezzanine B Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
2012 Mezzanine Loan | 111,528,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 9.63% | ||||||
Interest Rate | 9.63% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | Mezzanine C Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
2012 Mezzanine Loan | 84,491,000 | ||||||
Mezzanine loans payable 2012 Mezzanine A Loan | 11.50% | ||||||
Interest Rate | 11.50% | ||||||
Maturity Date | 1-Dec-19 | ||||||
Amortization | Interest only | ||||||
ESH REIT [Member] | ESH REIT Revolving Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving Credit Facility | 0 | 20,000,000 | |||||
Stated Interest Rate | LIBOR + 3.00% | ||||||
Interest Rate | 3.16% | ||||||
Maturity Date | 18-Nov-16 | ||||||
Amortization | Interest only | ||||||
Revolving credit facility, capacity | 250,000,000 | 100,000,000 | |||||
ESH REIT [Member] | Term Loan Facility [Member] | 2014 Term Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Term loan payable | $373,320,000 | ||||||
Stated Interest Rate | LIBOR + 4.25% | ||||||
Interest Rate | 5.00% | ||||||
Maturity Date | 24-Jun-19 | ||||||
Amortization | Interest only |
Debt_Outstanding_Debt_Parenthe
Debt - Outstanding Debt (Parenthetical) (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |
Nov. 18, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | |||
Spread on base rate | 1.00% | ||
LIBOR [Member] | |||
Debt Instrument [Line Items] | |||
Spread on base rate | 3.75% | ||
ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Interest Rate Cap LIBOR Rate Description | One-month LIBOR at 3.0% | ||
Debt, notional amount | $348,000,000 | ||
Spread on base rate | 1.00% | ||
Each revolving credit facility is subject to a one-year extension option. | 1 year | ||
ESH REIT [Member] | LIBOR [Member] | |||
Debt Instrument [Line Items] | |||
Spread on base rate | 3.00% | ||
2014 Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Unaccreted discount on debt | 1,680,000 | 0 | |
2014 Term Loan [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Unaccreted discount on debt | 1,680,000 | 0 | |
2012 Mortgage Loan [Member] | |||
Debt Instrument [Line Items] | |||
Interest Rate Cap LIBOR Rate Description | One-month LIBOR at 3.0% | ||
Debt, notional amount | 348,000,000 | ||
Maturity Date | 1-Dec-15 | ||
Mortgage loan number of extension options | 3 | ||
ESH REIT Revolving Credit Facility [Member] | |||
Debt Instrument [Line Items] | |||
Maturity Date | 18-Nov-16 | ||
Each revolving credit facility is subject to a one-year extension option. | 1 year | ||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Maturity Date | 18-Nov-16 | ||
Spread on base rate | 1.00% | ||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | LIBOR [Member] | |||
Debt Instrument [Line Items] | |||
Spread on base rate | 3.00% | ||
Credit Concentration Risk [Member] | Excess Cash Flow [Member] | 2014 Term Loan [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Concentration risk, percentage | 50.00% | ||
Prior to June 23, 2015 [Member] | Excess Cash Flow [Member] | 2014 Term Loan [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Excess cash flow from mortgage loans | 17,100,000 | ||
Mandatory prepayment of interest on mortgage loan | 8,500,000 | ||
Minimum [Member] | 2014 Term Loan [Member] | ESH REIT [Member] | LIBOR [Member] | |||
Debt Instrument [Line Items] | |||
Spread on base rate | 0.75% | ||
Maximum [Member] | Credit Concentration Risk [Member] | Excess Cash Flow [Member] | 2014 Term Loan [Member] | |||
Debt Instrument [Line Items] | |||
Concentration risk, percentage | 50.00% | ||
Maximum [Member] | Credit Concentration Risk [Member] | Excess Cash Flow [Member] | 2014 Term Loan [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Concentration risk, percentage | 50.00% | ||
Maximum [Member] | Prior to June 23, 2015 [Member] | Excess Cash Flow [Member] | 2014 Term Loan [Member] | ESH REIT [Member] | |||
Debt Instrument [Line Items] | |||
Excess cash flow from mortgage loans | 17,100,000 | ||
Mandatory prepayment of interest on mortgage loan | $8,500,000 |
Debt_Summary_Additional_Inform
Debt (Summary) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | |||
Nov. 18, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 23, 2014 | Dec. 31, 2013 | Nov. 30, 2012 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ||||||||
Repaid of loan | $365,000,000 | $715,000,000 | $700,000,000 | |||||
Write-off of unamortized deferred financing costs | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | ||||
ESH REIT [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Repaid of loan | 365,000,000 | 715,000,000 | 700,000,000 | |||||
Write-off of unamortized deferred financing costs | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | ||||
2012 Mortgage Loans [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Repaid of loan | 365,000,000 | 715,000,000 | 365,000,000 | 715,000,000 | ||||
Debt extinguishment and other costs | -9,400,000 | -25,200,000 | ||||||
2012 Mezzanine loan prepayments, penalties | -4,300,000 | -13,400,000 | ||||||
Write-off of unamortized deferred financing costs | 5,100,000 | 10,900,000 | ||||||
Interest payments | 2,900,000 | 8,500,000 | ||||||
Other Costs | 900,000 | |||||||
2012 Mortgage Loans [Member] | ESH REIT [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Repaid of loan | 365,000,000 | 365,000,000 | 715,000,000 | 715,000,000 | ||||
Debt extinguishment and other costs | -9,400,000 | -25,200,000 | ||||||
2012 Mezzanine loan prepayments, penalties | -4,300,000 | -13,400,000 | ||||||
Write-off of unamortized deferred financing costs | 5,100,000 | 10,900,000 | ||||||
Interest payments | 2,900,000 | 8,500,000 | ||||||
Other Costs | $900,000 |
Debt_ESH_REIT_Mortgage_Loans_A
Debt (ESH REIT Mortgage Loans) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | |
Oct. 23, 2013 | Dec. 31, 2014 | Oct. 08, 2010 | Nov. 30, 2012 | |
SecurityLoan | ||||
Debt Instrument [Line Items] | ||||
Component of Mortgage loan | $855,500,000 | |||
Outstanding principal balance of assumed mortgage loan | 5,500,000 | |||
Financial Guarantee [Member] | ||||
Debt Instrument [Line Items] | ||||
Loss guaranteed by subsidiaries threshold limit | 252,000,000 | |||
Mortgage Loan Component C [Member] | ||||
Debt Instrument [Line Items] | ||||
Component of Mortgage loan | 157,500,000 | |||
Scheduled payments of interest | 1.00% | |||
ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Component of Mortgage loan | 855,500,000 | |||
Outstanding principal balance of assumed mortgage loan | 5,500,000 | |||
Each revolving credit facility is subject to a one-year extension option. | 1 year | |||
ESH REIT [Member] | Financial Guarantee [Member] | ||||
Debt Instrument [Line Items] | ||||
Loss guaranteed by subsidiaries threshold limit | 252,000,000 | |||
ESH REIT [Member] | Mortgage Loan Component C [Member] | ||||
Debt Instrument [Line Items] | ||||
Component of Mortgage loan | 157,500,000 | |||
Scheduled payments of interest | 1.00% | |||
2012 Mortgage Loans [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated Amount | 2,520,000,000 | |||
2012 Mortgage Loan, components | 3 | |||
Interest-only payments, due on the first day of each calendar month | 7,900,000 | |||
2012 Mortgage Loans [Member] | Financial Guarantee [Member] | ||||
Debt Instrument [Line Items] | ||||
Loss guaranteed by subsidiaries threshold limit | 108,000,000 | |||
2012 Mortgage Loans [Member] | Minimum [Member] | ||||
Debt Instrument [Line Items] | ||||
Requirement of an Extension Debt Yield | 17.50% | |||
2012 Mortgage Loans [Member] | ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Each revolving credit facility is subject to a one-year extension option. | 1 year | |||
2012 Mortgage Loans [Member] | ESH REIT [Member] | Minimum [Member] | ||||
Debt Instrument [Line Items] | ||||
Requirement of an Extension Debt Yield | 17.50% | |||
Event Of Default [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt yield | 9.00% | |||
Event Of Default [Member] | ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt yield | 9.00% | |||
2010 Mortgage Loans [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated Amount | 2,000,000,000 | |||
Debt Instrument, Periodic Payment | 12,200,000 | |||
2010 Mortgage Loans [Member] | ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated Amount | 2,000,000,000 | |||
Debt Instrument, Periodic Payment | $12,200,000 |
Debt_ESH_REIT_Mezzanine_Loans_
Debt (ESH REIT Mezzanine Loans) - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 1 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 23, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2012 | |
Debt Instrument [Line Items] | |||||||
Repayments of long-term debt | $365,000,000 | $715,000,000 | $700,000,000 | ||||
Financial Guarantee [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loss guaranteed by subsidiaries threshold limit | 252,000,000 | ||||||
2012 Mortgage Loans [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 1,080,000,000 | ||||||
Maturity Date | 1-Dec-19 | ||||||
Repayments of long-term debt | 365,000,000 | 715,000,000 | 365,000,000 | 715,000,000 | |||
ESH REIT [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Repayments of long-term debt | 365,000,000 | 715,000,000 | 700,000,000 | ||||
ESH REIT [Member] | Financial Guarantee [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loss guaranteed by subsidiaries threshold limit | 252,000,000 | ||||||
ESH REIT [Member] | 2012 Mortgage Loans [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 1,080,000 | ||||||
Maturity Date | 1-Dec-19 | ||||||
Repayments of long-term debt | 365,000,000 | 365,000,000 | 715,000,000 | 715,000,000 | |||
ESH REIT [Member] | 2012 Mortgage Loans [Member] | Financial Guarantee [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loss guaranteed by subsidiaries threshold limit | 108,000,000 | ||||||
2010 Mezzanine Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 700,000,000 | ||||||
Maturity Date | 1-Nov-15 | ||||||
Date of debt instrument prepayment | 30-Nov-12 | ||||||
Prepayment Premium | 10,500,000 | ||||||
2010 Mezzanine Loan [Member] | Senior Mezzanine Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 350,000,000 | ||||||
Interest rate | 9.75% | ||||||
2010 Mezzanine Loan [Member] | Junior Mezzanine Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 350,000,000 | ||||||
Interest rate | 12.00% | ||||||
2010 Mezzanine Loan [Member] | ESH REIT [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 700,000,000 | ||||||
Maturity Date | 1-Nov-15 | ||||||
Date of debt instrument prepayment | 30-Nov-12 | ||||||
Prepayment Premium | 10,500,000 | ||||||
2010 Mezzanine Loan [Member] | ESH REIT [Member] | Senior Mezzanine Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 350,000,000 | ||||||
Interest rate | 9.75% | ||||||
2010 Mezzanine Loan [Member] | ESH REIT [Member] | Junior Mezzanine Loan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 350,000,000 | ||||||
Interest rate | 12.00% | ||||||
2012 Mortgage Loans [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loans | 2,520,000,000 | ||||||
2012 Mortgage Loans [Member] | Financial Guarantee [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Loss guaranteed by subsidiaries threshold limit | $108,000,000 |
Debt_ESH_REIT_Term_Loan_Facili
Debt (ESH REIT Term Loan Facility) - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 23, 2014 | |
Debt Instrument [Line Items] | ||||
Repayments of long-term debt | $365,000,000 | $715,000,000 | $700,000,000 | |
Term loan payable, net of discount of $1,774 | 373,320,000 | |||
ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Repayments of long-term debt | 365,000,000 | 715,000,000 | 700,000,000 | |
Consolidated Leverage Ratio | 9.25 | |||
Consolidated Leverage Ratio | 9 | |||
Term loan payable, net of discount of $1,774 | 373,320,000 | |||
2014 Term Loan [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated Amount | 375,000,000 | |||
Repayments of long-term debt | 365,000,000 | |||
Consolidated Leverage Ratio | 5.25 | |||
Consolidated Leverage Ratio | 1 | |||
Bears interest at a rate | (i) LIBOR (subject to a floor of 0.75%) plus 4.25%, or (ii) a base rate (determined by reference to the highest of (1) prime lending rate, (2) the overnight federal funds rate plus 0.5%, or (3) the one-month adjusted LIBOR rate (subject to a floor of 0.75%) plus 1.0%) plus 3.25% | |||
Unamortized discount on debt | 1,680,000 | 0 | ||
2014 Term Loan may be repaid prior to its maturity, subject to the following prepayment penalties | (a) prior to June 24, 2015, a make whole premium equal to the sum of the present value at such date of all interest that would accrue on the portion of the loans being prepaid from such date to and including June 24, 2015, and an amount equal to 2% of the aggregate principal amount repaid; (b) on or after June 24, 2015 but prior to December 24, 2015, 2.0% of the aggregate principal amount repaid; and (c) on or after December 24, 2015 but on or prior to June 24, 2016, 1.0% of the aggregate principal amount repaid. Repayments on or after June 25, 2016 require no prepayment penalties. | |||
2014 Term Loan [Member] | Maximum [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||||
Debt Instrument [Line Items] | ||||
Concentration risk, percentage | 50.00% | |||
2014 Term Loan [Member] | Prior to June 23, 2015 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, percentage of principal | 2.00% | |||
2014 Term Loan [Member] | After June 24, 2015 but on or Prior to December 24, 2015 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, rate of the principal amount repaid | 2.00% | |||
2014 Term Loan [Member] | After December 24, 2015 but Prior to June 24, 2016 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, rate of the principal amount repaid | 1.00% | |||
2014 Term Loan [Member] | Repayment on or after June 24, 2016 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, percentage of principal | 0.00% | |||
2014 Term Loan [Member] | LIBOR [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated rate | 4.25% | |||
2014 Term Loan [Member] | ESH REIT [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated Amount | 375,000,000 | |||
Repayments of long-term debt | 365,000,000 | |||
Consolidated Leverage Ratio | 5.25 | |||
Consolidated Leverage Ratio | 1 | |||
Bears interest at a rate | (i) LIBOR (subject to a floor of 0.75%) plus 4.25%, or (ii) a base rate (determined by reference to the highest of (1) prime lending rate, (2) the overnight federal funds rate plus 0.5%, or (3) the one-month adjusted LIBOR rate (subject to a floor of 0.75%) plus 1.0%) plus 3.25%. | |||
Unamortized discount on debt | 1,680,000 | 0 | ||
2014 Term Loan may be repaid prior to its maturity, subject to the following prepayment penalties | (a) prior to June 24, 2015, a make whole premium equal to the sum of the present value at such date of all interest that would accrue on the portion of the loans being prepaid from such date to and including June 24, 2015, and an amount equal to 2% of the aggregate principal amount repaid; (b) on or after June 24, 2015 but prior to December 24, 2015, 2.0% of the aggregate principal amount repaid; and (c) on or after December 24, 2015 but on or prior to June 24, 2016, 1.0% of the aggregate principal amount repaid. Repayments on or after June 25, 2016 require no prepayment penalties. | |||
2014 Term Loan [Member] | ESH REIT [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||||
Debt Instrument [Line Items] | ||||
Concentration risk, percentage | 50.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | Maximum [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||||
Debt Instrument [Line Items] | ||||
Concentration risk, percentage | 50.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | Prior to June 23, 2015 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, percentage of principal | 2.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | Prior to June 23, 2015 [Member] | Excess Cash Flow [Member] | ||||
Debt Instrument [Line Items] | ||||
Excess cash flow from mortgage loans | 17,100,000 | |||
Mandatory prepayment of interest on mortgage loan | 8,500,000 | |||
2014 Term Loan [Member] | ESH REIT [Member] | Prior to June 23, 2015 [Member] | Maximum [Member] | Excess Cash Flow [Member] | ||||
Debt Instrument [Line Items] | ||||
Excess cash flow from mortgage loans | 17,100,000 | |||
Mandatory prepayment of interest on mortgage loan | $8,500,000 | |||
2014 Term Loan [Member] | ESH REIT [Member] | After June 24, 2015 but on or Prior to December 24, 2015 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, rate of the principal amount repaid | 2.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | After December 24, 2015 but Prior to June 24, 2016 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, rate of the principal amount repaid | 1.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | Repayment on or after June 24, 2016 [Member] | ||||
Debt Instrument [Line Items] | ||||
Prepayment penalties, percentage of principal | 0.00% | |||
2014 Term Loan [Member] | ESH REIT [Member] | LIBOR [Member] | ||||
Debt Instrument [Line Items] | ||||
Stated rate | 4.25% |
Debt_Revolving_Credit_Faciliti
Debt (Revolving Credit Facilities) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 1 Months Ended | ||||
Nov. 18, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 30, 2012 | Nov. 18, 2014 | Nov. 17, 2014 | |
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | $75,000,000 | ||||||
Additional issuance available under letter of credit | 50,000,000 | ||||||
Amount of swingline loans | 20,000,000 | ||||||
Outstanding letter of credit fee | 3.88% | ||||||
Interest rate for borrowing facility | (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.75% for the base rate loans and 3.75% for LIBOR loans | ||||||
Spread on base rate | 1.00% | ||||||
Facility maturity date | 18-Nov-16 | ||||||
Letters of credit outstanding | 3,600,000 | ||||||
Revolving Credit Facility | 20,000,000 | ||||||
Unamortized deferred financing cost | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | |||
Event Of Default [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 9.00% | ||||||
Federal Funds Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 0.50% | ||||||
Base Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 2.75% | ||||||
LIBOR [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 3.75% | ||||||
Maximum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.35% | ||||||
Minimum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.18% | ||||||
Scenario, Forecast [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 50,000,000 | ||||||
ESH REIT [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 250,000,000 | ||||||
Additional issuance available under letter of credit | 50,000,000 | ||||||
Amount of swingline loans | 20,000,000 | ||||||
Outstanding letter of credit fee | 3.13% | ||||||
Interest rate for borrowing facility | LIBOR rate or a base rate determined by reference to the highest of (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.00% for base rate loans and 3.00% for LIBOR loans. | ||||||
Spread on base rate | 1.00% | ||||||
Facility maturity date | 18-Nov-16 | ||||||
Number of letters of credit | 0 | 0 | |||||
Revolving Credit Facility | 0 | 20,000,000 | |||||
Amount of borrowing capacity remaining | 250,000,000 | 230,000,000 | |||||
Fees in connection with the revolving credit facility | 1,200,000 | 100,000 | |||||
Consolidated leverage ratio maximum | 9.25 | ||||||
Consolidated leverage ratio minimum | 9 | ||||||
Unamortized deferred financing cost | 700,000 | 5,100,000 | 11,700,000 | 34,400,000 | |||
ESH REIT [Member] | Trigger Event [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 11.50% | ||||||
ESH REIT [Member] | Event Of Default [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 9.00% | ||||||
ESH REIT [Member] | Federal Funds Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 0.50% | ||||||
ESH REIT [Member] | Base Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 2.00% | ||||||
ESH REIT [Member] | LIBOR [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 3.00% | ||||||
ESH REIT [Member] | Maximum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.35% | ||||||
ESH REIT [Member] | Minimum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.18% | ||||||
ESH REIT [Member] | Scenario, Plan [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 350,000,000 | ||||||
ESH REIT Revolving Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 100,000,000 | 50,000,000 | 75,000,000 | ||||
Fee on unutilized revolving credit facility | 0.50% | ||||||
Revolving Credit Facility | 20,000,000 | ||||||
Consolidated leverage ratio maximum | 9 | ||||||
Consolidated leverage ratio minimum | 8.75 | ||||||
Interest expenses | 900,000 | ||||||
ESH REIT Revolving Credit Facility [Member] | Trigger Event [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 12.00% | ||||||
ESH REIT Revolving Credit Facility [Member] | Event Of Default [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 9.00% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 250,000,000 | 100,000,000 | |||||
Additional issuance available under letter of credit | 50,000,000 | ||||||
Amount of swingline loans | 20,000,000 | ||||||
Fee on unutilized revolving credit facility | 0.50% | ||||||
Outstanding letter of credit fee | 3.13% | ||||||
Interest rate for borrowing facility | LIBOR rate or a base rate determined by reference to the highest of (i) the prime lending rate, (ii) the overnight federal funds rate plus 0.5% or (iii) the one-month adjusted LIBOR rate plus 1.0%, plus an applicable margin of 2.00% for base rate loans and 3.00% for LIBOR loans. | ||||||
Spread on base rate | 1.00% | ||||||
Facility maturity date | 18-Nov-16 | ||||||
Number of letters of credit | 0 | 0 | |||||
Revolving Credit Facility | 0 | 20,000,000 | |||||
Amount of borrowing capacity remaining | 250,000,000 | 230,000,000 | |||||
Fees in connection with the revolving credit facility | 1,200,000 | 100,000 | |||||
Consolidated leverage ratio maximum | 9.25 | ||||||
Consolidated leverage ratio minimum | 9 | ||||||
Interest expenses | 900,000 | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Trigger Event [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 11.50% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Event Of Default [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Debt yield | 9.00% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Federal Funds Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 0.50% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Base Rate [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 2.00% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | LIBOR [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Spread on base rate | 3.00% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Maximum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.35% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Minimum [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Fee on unutilized revolving credit facility | 0.18% | ||||||
ESH REIT Revolving Credit Facility [Member] | ESH REIT [Member] | Scenario, Forecast [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Revolving credit facility, capacity | 350,000,000 | ||||||
Corporation Revolving Credit Facility [Member] | |||||||
Debt Instrument [Line Items] | |||||||
Number of letters of credit | 1 | 3 | |||||
Letters of credit outstanding | 3,600,000 | 24,900,000 | |||||
Revolving Credit Facility | 0 | 0 | |||||
Amount of borrowing capacity remaining | 46,400,000 | 50,100,000 | |||||
Fees in connection with the revolving credit facility | $1,200,000 | $200,000 |
Debt_Components_of_Interest_Ex
Debt - Components of Interest Expense (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Expense [Line Items] | |||
Contractual interest | $123,736 | $194,980 | $201,518 |
Amortization of deferred financing costs and accretion of debt discount | 14,510 | 12,537 | 10,988 |
Debt extinguishment and other costs | 11,228 | 27,076 | 45,150 |
Interest income | -110 | -134 | -307 |
Total | 149,364 | 234,459 | 257,349 |
ESH REIT [Member] | |||
Interest Expense [Line Items] | |||
Contractual interest | 121,672 | 194,980 | 201,518 |
Amortization of deferred financing costs and accretion of debt discount | 11,869 | 12,345 | 10,988 |
Debt extinguishment and other costs | 10,223 | 26,933 | 45,150 |
Interest income | -532 | -629 | -307 |
Total | $143,232 | $233,629 | $257,349 |
Debt_Future_Maturities_of_Debt
Debt - Future Maturities of Debt (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ||
2015 | $356,586,000 | |
2017 | 350,000,000 | |
2019 | 2,184,783,000 | |
Total | 2,891,369,000 | 2,904,843,000 |
2014 Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Unamortized discount on debt | 1,680,000 | 0 |
2014 Term Loan [Member] | Excess Cash Flow [Member] | Prior to June 23, 2015 [Member] | ||
Debt Instrument [Line Items] | ||
Debt instrument cash payment | 17,100,000 | |
Prepayment of debt amortization amount | 8,500,000 | |
2014 Term Loan [Member] | Maximum [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% | |
ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 356,586,000 | |
2017 | 350,000,000 | |
2019 | 2,184,783,000 | |
Total | 2,891,369,000 | 2,904,843,000 |
ESH REIT [Member] | 2014 Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Unamortized discount on debt | 1,680,000 | 0 |
ESH REIT [Member] | 2014 Term Loan [Member] | Excess Cash Flow [Member] | Prior to June 23, 2015 [Member] | ||
Debt Instrument [Line Items] | ||
Debt instrument cash payment | 17,100,000 | |
Prepayment of debt amortization amount | $8,500,000 | |
ESH REIT [Member] | 2014 Term Loan [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% | |
ESH REIT [Member] | 2014 Term Loan [Member] | Maximum [Member] | Excess Cash Flow [Member] | Credit Concentration Risk [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% |
Debt_Future_Maturities_of_Debt1
Debt - Future Maturities of Debt (Parenthetical) (Detail) (2014 Term Loan [Member], USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ||
Unaccreted discount on debt | 1,680,000 | $0 |
ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Unaccreted discount on debt | 1,680,000 | 0 |
Credit Concentration Risk [Member] | Excess Cash Flow [Member] | ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% | |
Prior to June 23, 2015 [Member] | Excess Cash Flow [Member] | ||
Debt Instrument [Line Items] | ||
Debt instrument cash payment | 17,100,000 | |
Prepayment of debt amortization amount | 8,500,000 | |
Prior to June 23, 2015 [Member] | Excess Cash Flow [Member] | ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Debt instrument cash payment | 17,100,000 | |
Prepayment of debt amortization amount | 8,500,000 | |
Maximum [Member] | Credit Concentration Risk [Member] | Excess Cash Flow [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% | |
Maximum [Member] | Credit Concentration Risk [Member] | Excess Cash Flow [Member] | ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Concentration risk, percentage | 50.00% |
Debt_Fair_Value_of_Debt_Additi
Debt (Fair Value of Debt) - Additional Information (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Billions, unless otherwise specified | ||
Debt Instrument [Line Items] | ||
Estimated fair value | $2.90 | $2.80 |
ESH REIT [Member] | ||
Debt Instrument [Line Items] | ||
Estimated fair value | $2.90 | $2.80 |
Mandatorily_Redeemable_Preferr1
Mandatorily Redeemable Preferred Stock - Additional Information (Detail) (Mandatorily Redeemable Preferred Stock [Member], USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Mandatorily Redeemable Preferred Stock [Member] | ||
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items] | ||
Preferred stock, authorized | 350,000,000 | 350,000,000 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, issued | 21,202 | 21,202 |
Preferred stock, outstanding | 21,202 | 21,202 |
Preferred stock, redemption rate | 8.00% | 8.00% |
Preferred stock, redemption value | $1,000 | $1,000 |
Estimated fair value | $21,200,000 | $20,900,000 |
Income_Taxes_Schedule_of_Incom
Income Taxes - Schedule of Income Before Income Tax Expense (Benefit) (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
INCOME FROM OPERATIONS | $195,611 | $77,666 | $26,923 |
ESH REIT [Member] | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
INCOME FROM OPERATIONS | 245,984 | 99,590 | 24,710 |
U.S. [Member] | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Canada | 201,312 | 76,501 | 23,597 |
U.S. [Member] | ESH REIT [Member] | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Canada | 247,694 | 97,878 | 21,384 |
Canada [Member] | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Canada | -5,701 | 1,165 | 3,326 |
Canada [Member] | ESH REIT [Member] | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Canada | ($1,710) | $1,712 | $3,326 |
Income_Taxes_Components_of_Pro
Income Taxes - Components of Provision for Income Taxes (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Federal (including foreign): | |||
Current | $39,161,000 | $3,520,000 | $1,583,000 |
Deferred | -746,000 | -10,131,000 | 1,719,000 |
State: | |||
Current | 6,416,000 | 3,044,000 | 672,000 |
Deferred | 226,000 | -1,423,000 | 668,000 |
Income tax (benefit) expense-net | 45,057,000 | -4,990,000 | 4,642,000 |
ESH REIT [Member] | |||
Federal (including foreign): | |||
Current | -1,694,000 | 3,520,000 | 1,583,000 |
Deferred | -309,000 | -6,666,000 | 1,719,000 |
State: | |||
Current | 583,000 | 3,044,000 | 672,000 |
Deferred | 310,000 | -774,000 | 668,000 |
Income tax (benefit) expense-net | ($1,110,000) | ($876,000) | $4,642,000 |
Income_Taxes_Schedule_of_Diffe
Income Taxes - Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Reconciliation Of Effective Income Tax Rate [Line Items] | |||
Tax at statutory rate | $68,464 | $27,183 | $9,424 |
State income tax | 4,609 | 357 | 996 |
Foreign income tax rate differential | 44 | 203 | 269 |
ESH REIT income | -38,753 | -33,798 | -6,632 |
Pass-through entity income | -1,182 | -1,317 | |
Change in expected distribution policy | -5,561 | ||
Equity-based compensation | 1,376 | 6,598 | 2,100 |
Other permanent differences | 810 | 1,678 | 121 |
Change in temporary differences at ESH REIT that flow to the Corporation | 10,718 | ||
Valuation allowance | 1,182 | 216 | 21 |
Other-net | -3,393 | -684 | -340 |
Income tax (benefit) expense-net | 45,057 | -4,990 | 4,642 |
Tax at statutory rate | 35.00% | 35.00% | 35.00% |
State income tax | 2.40% | 0.40% | 3.70% |
Foreign income tax rate differential | 0.30% | 1.00% | |
ESH REIT income | -19.80% | -43.50% | -24.60% |
Pass-through entity income | -1.50% | -4.90% | |
Change in expected distribution policy | -7.20% | ||
Equity-based compensation | 0.70% | 8.50% | 7.80% |
Other permanent differences | 0.40% | 2.20% | 0.50% |
Change in temporary differences at ESH REIT that flow to the Corporation | 5.40% | ||
Valuation allowance | 0.60% | 0.30% | 0.10% |
Other - net | -1.70% | -0.90% | -1.30% |
Income tax (benefit) expense-net | 23.00% | -6.40% | 17.30% |
ESH REIT [Member] | |||
Reconciliation Of Effective Income Tax Rate [Line Items] | |||
Tax at statutory rate | 86,094 | 34,857 | 8,649 |
State income tax | 893 | 910 | 996 |
Foreign income tax rate differential | -135 | 162 | 269 |
ESH REIT income | -85,184 | -33,798 | -6,632 |
Pass-through entity income | -255 | -542 | |
Change in expected distribution policy | -5,561 | ||
Equity-based compensation | 1 | 1,865 | 2,100 |
Other permanent differences | 1,294 | 121 | |
Valuation allowance | 166 | 21 | |
Other-net | -2,779 | -516 | -340 |
Income tax (benefit) expense-net | ($1,110) | ($876) | $4,642 |
Tax at statutory rate | 35.00% | 35.00% | 35.00% |
State income tax | 0.40% | 0.90% | 4.00% |
Foreign income tax rate differential | -0.10% | 0.20% | 1.10% |
ESH REIT income | -34.70% | -34.00% | -26.80% |
Pass-through entity income | -0.30% | -2.20% | |
Change in expected distribution policy | -5.60% | ||
Equity-based compensation | 1.90% | 8.50% | |
Other permanent differences | 1.30% | 0.50% | |
Valuation allowance | 0.20% | 0.10% | |
Other - net | -1.10% | -0.50% | -1.40% |
Income tax (benefit) expense-net | -0.50% | -0.90% | 18.80% |
Income_Taxes_Components_of_Def
Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule Of Deferred Tax Assets And Liabilities [Line Items] | ||
Net operating loss carryforwards | $7,641 | $7,851 |
Accruals and allowances | 28,411 | 5,227 |
Deferred financing costs | 74 | |
Equity-based compensation | 1,571 | |
Intangible assets | 3,538 | 4,156 |
Other | 2,676 | 4,151 |
Total deferred tax assets | 43,911 | 21,385 |
Valuation allowance | -1,955 | -773 |
Net deferred tax assets | 41,956 | 20,612 |
Cumulative temporary differences at ESH REIT that flow to the Corporation | -28,669 | -16,334 |
Intangible assets | -6,735 | -7,157 |
Prepaid expenses | -1,085 | -683 |
Depreciable property | -3,204 | -3,750 |
Accruals and allowances | -8,540 | |
Other | -515 | |
Total net deferred tax (liabilities) | -6,792 | -7,312 |
ESH REIT [Member] | ||
Schedule Of Deferred Tax Assets And Liabilities [Line Items] | ||
Net operating loss carryforwards | 7,267 | 7,851 |
Intangible assets | 101 | |
Other | 139 | 102 |
Total deferred tax assets | 7,406 | 8,054 |
Depreciable property | -3,073 | -4,806 |
Other | -1,127 | -41 |
Total net deferred tax assets | $3,206 | $3,207 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Taxes [Line Items] | |||
Net operating loss expiration period | 2032 | ||
Federal income tax | $39,161,000 | $3,520,000 | $1,583,000 |
ESH REIT's assets | 79,800,000 | ||
Dividend distributions in cash | 241,161,000 | 78,400,000 | 826,200,000 |
Property Dividend | 161,400,000 | ||
Taxable Income [Member] | |||
Income Taxes [Line Items] | |||
Federal income tax | 0 | ||
Historical- Prior to 2014 [Member] | Nontaxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 100.00% | ||
Successor [Member] | Nontaxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 95.00% | ||
Scenario, Forecast [Member] | Taxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 5.00% | ||
ESH REIT [Member] | |||
Income Taxes [Line Items] | |||
Net operating loss expiration period | 2032 | ||
Federal income tax | -1,694,000 | 3,520,000 | 1,583,000 |
ESH REIT's assets | 79,800,000 | ||
Dividend distributions in cash | 241,161,000 | 78,400,000 | 826,200,000 |
REIT dividend | 194,000,000 | 192,100,000 | |
Total dividend | 241,161,000 | 239,800,000 | |
Taxable dividend | 45,100,000 | ||
Property Dividend | 161,400,000 | ||
ESH REIT [Member] | Taxable Income [Member] | |||
Income Taxes [Line Items] | |||
Federal income tax | $0 | ||
ESH REIT [Member] | Historical- Prior to 2014 [Member] | Nontaxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 100.00% | ||
ESH REIT [Member] | Successor [Member] | Nontaxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 95.00% | ||
ESH REIT [Member] | Scenario, Forecast [Member] | Taxable Income [Member] | |||
Income Taxes [Line Items] | |||
Concentration risk, percentage | 5.00% |
Quarterly_Results_Quarterly_Fi
Quarterly Results - Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Quarterly Results Of Operations [Line Items] | |||||||||||
Total revenues | $282,692 | $338,553 | $321,914 | $270,316 | $268,772 | $313,653 | $293,595 | $256,798 | $1,213,475 | $1,132,818 | $1,011,462 |
Income from operations | 68,700 | 113,590 | 106,245 | 60,203 | 53,250 | 100,035 | 92,172 | 66,668 | 348,738 | 312,125 | 284,272 |
NET INCOME | 28,004 | 60,185 | 46,284 | 16,081 | -15,378 | 46,578 | 37,539 | 13,917 | 150,554 | 82,656 | 22,281 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | -86,309 | -16,310 | -3,048 | -5,291 | 4,435 | -422 | 33 | -471 | -110,958 | 3,575 | -1,549 |
Net income attributable to common shareholders or members | -58,305 | 43,875 | 43,236 | 10,790 | -10,943 | 46,156 | 37,572 | 13,446 | 39,596 | 86,231 | 20,732 |
NET INCOME PER COMMON SHARE - BASIC | ($0.29) | $0.22 | $0.21 | $0.05 | ($0.06) | $0.27 | $0.22 | $0.08 | $0.19 | $0.49 | $0.12 |
Net income per common share - diluted | ($0.29) | $0.21 | $0.21 | $0.05 | ($0.06) | $0.27 | $0.22 | $0.08 | $0.19 | $0.49 | $0.12 |
ESH REIT [Member] | |||||||||||
Quarterly Results Of Operations [Line Items] | |||||||||||
Total revenues | 297,354 | 139,605 | 123,599 | 123,647 | 208,342 | 313,701 | 293,650 | 256,846 | 684,205 | 1,072,539 | 1,011,517 |
Income from operations | 225,092 | 67,537 | 50,821 | 49,395 | 76,618 | 99,160 | 91,465 | 65,976 | 392,845 | 333,219 | 282,059 |
NET INCOME | 192,173 | 36,340 | 6,786 | 11,795 | 4,706 | 45,703 | 36,832 | 13,225 | 247,094 | 100,466 | 20,068 |
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS | 130 | -422 | 33 | -471 | -730 | -1,549 | |||||
Net income attributable to common shareholders or members | 192,173 | 36,340 | 6,786 | 11,795 | 4,836 | 45,281 | 36,865 | 12,754 | 247,094 | 99,736 | 18,519 |
ESH REIT [Member] | Common Class A [Member] | |||||||||||
Quarterly Results Of Operations [Line Items] | |||||||||||
Net income attributable to common shareholders or members | 136,152 | 55,046 | 10,262 | ||||||||
NET INCOME PER COMMON SHARE - BASIC | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.26 | $0.05 |
Net income per common share - diluted | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.26 | $0.05 |
ESH REIT [Member] | Common Class B [Member] | |||||||||||
Quarterly Results Of Operations [Line Items] | |||||||||||
Net income attributable to common shareholders or members | $110,942 | $44,690 | $8,257 | ||||||||
NET INCOME PER COMMON SHARE - BASIC | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.55 | $0.26 | $0.05 |
Net income per common share - diluted | $0.42 | $0.08 | $0.01 | $0.03 | $0.01 | $0.12 | $0.10 | $0.03 | $0.54 | $0.25 | $0.05 |
Equity_Additional_Information_
Equity - Additional Information (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 18, 2013 | |
Equity [Line Items] | ||||
Common stock, par value | $0.01 | $0.01 | $0.01 | |
Common stock, authorized | 3,500,000,000 | 3,500,000,000 | ||
Common stock, issued | 204,517,265 | 204,787,500 | ||
Common stock, outstanding | 204,517,265 | 204,787,500 | ||
Dividend distributions in cash | $241,161,000 | $78,400,000 | $826,200,000 | |
Property Dividend | 161,400,000 | |||
Dividend paid to corporation | 132,700,000 | |||
ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, par value | $0.01 | |||
Preferred stock, authorized | 125 | 125 | ||
Preferred stock, issued | 125 | 125 | ||
Preferred stock, outstanding | 125 | 125 | ||
Dividend rate | 12.50% | |||
Preferred Stock, Liquidation Preference Per Share | $1,000 | $1,000 | ||
Dividend distributions in cash | 241,161,000 | 78,400,000 | 826,200,000 | |
Property Dividend | $161,400,000 | |||
Mandatorily Redeemable Preferred Stock [Member] | ||||
Equity [Line Items] | ||||
Preferred stock, authorized | 350,000,000 | 350,000,000 | ||
Preferred stock, issued | 21,202 | 21,202 | ||
Preferred stock, outstanding | 21,202 | 21,202 | ||
Preferred stock par value | $0.01 | $0.01 | ||
Dividend rate | 8.00% | 8.00% | ||
Mandatorily Redeemable Preferred Stock [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Dividend rate | 8.00% | |||
Common Class A [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, par value | $0.01 | $0.01 | ||
Common stock, authorized | 4,300,000,000 | 4,300,000,000 | ||
Common stock, issued | 250,303,494 | 250,295,833 | ||
Common stock, outstanding | 250,303,494 | 250,295,833 | ||
Common Class B [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, par value | $0.01 | $0.01 | $0.01 | |
Common stock, authorized | 7,800,000,000 | 7,800,000,000 | ||
Common stock, issued | 204,517,265 | 204,787,500 | ||
Common stock, outstanding | 204,517,265 | 204,787,500 | ||
Preferred Stock [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Preferred stock, authorized | 350,000,000 | |||
Preferred stock, issued | 0 | 0 | ||
Preferred stock, outstanding | 0 | 0 | ||
Preferred stock, par value | $0.01 |
Equity_ESH_REIT_Additional_Inf
Equity (ESH REIT) - Additional Information (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 18, 2013 | |
Equity [Line Items] | ||||
Common stock, shares authorized | 3,500,000,000 | 3,500,000,000 | ||
Common stock, par value | $0.01 | $0.01 | $0.01 | |
Common stock, shares issued | 204,517,265 | 204,787,500 | ||
Common stock, shares outstanding | 204,517,265 | 204,787,500 | ||
Dividend distributions in cash | $241,161,000 | $78,400,000 | $826,200,000 | |
Property Dividend | 161,400,000 | |||
ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, par value | $0.01 | |||
Percentage of Preferred stock dividend | 12.50% | |||
Preferred stock, authorized | 125 | 125 | ||
Preferred stock, issued | 125 | 125 | ||
Preferred stock, outstanding | 125 | 125 | ||
Preferred Stock, Liquidation Preference Per Share | 1,000 | |||
Dividend distributions in cash | 241,161,000 | 78,400,000 | 826,200,000 | |
Property Dividend | 161,400,000 | |||
Dividend paid to corporation | $132,700,000 | |||
Common Class A [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, shares authorized | 4,300,000,000 | 4,300,000,000 | ||
Common stock, par value | $0.01 | $0.01 | ||
Common stock, shares issued | 250,303,494 | 250,295,833 | ||
Common stock, shares outstanding | 250,303,494 | 250,295,833 | ||
Common Class B [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Common stock, shares authorized | 7,800,000,000 | 7,800,000,000 | ||
Common stock, par value | $0.01 | $0.01 | $0.01 | |
Common stock, shares issued | 204,517,265 | 204,787,500 | ||
Common stock, shares outstanding | 204,517,265 | 204,787,500 | ||
Preferred Stock [Member] | ESH REIT [Member] | ||||
Equity [Line Items] | ||||
Preferred stock, authorized | 350,000,000 | |||
Preferred stock, par value | $0.01 | |||
Preferred stock, issued | 0 | 0 | ||
Preferred stock, outstanding | 0 | 0 |
Equity_Noncontrolling_Interest
Equity (Noncontrolling Interests) - Additional Information (Detail) (Noncontrolling Interests [Member]) | 12 Months Ended |
Dec. 31, 2014 | |
Equity [Line Items] | |
Percentage of Preferred stock dividend | 12.50% |
Preferred stock, outstanding | 125 |
Common Class B [Member] | |
Equity [Line Items] | |
Total common equity | 45.00% |
Variable_Interest_Entity_HVM_A
Variable Interest Entity (HVM) - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Nov. 18, 2013 | Dec. 31, 2013 | Dec. 31, 2012 |
Hotel | |||
Variable Interest Entity [Line Items] | |||
Acquisition of Assets and Liabilities | $0.80 | ||
ESH REIT [Member] | |||
Variable Interest Entity [Line Items] | |||
Acquisition of Assets and Liabilities | 0.8 | ||
HVM [Member] | |||
Variable Interest Entity [Line Items] | |||
Acquisition of Assets and Liabilities | $0.80 | ||
Number of hotels | 17 | ||
Percentage of service cost | 6.00% | ||
HVM [Member] | ESH REIT [Member] | |||
Variable Interest Entity [Line Items] | |||
Number of hotels | 17 | ||
Percentage of service cost | 6.00% | ||
Acquisition of additional hotels | 2 |
Variable_Interest_Entity_HVM_S
Variable Interest Entity (HVM) - Summary of Fees Provided Under Hotel Management Agreements Between HVM and Operating Lessees (Detail) (USD $) | 10 Months Ended |
In Millions, unless otherwise specified | Nov. 11, 2013 |
U.S. 660 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
U.S. 660 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
Canadian 3 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
Canadian 3 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 2.50% |
Fees as Percentage of Revenue-Second Threshold | 0.50% |
U.S. 17 Hotel Operators Acquired in December 2012 [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 8.00% |
U.S. 17 Hotel Operators Acquired in December 2012 [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Fees as Percentage of Revenue-First Threshold | 8.00% |
Maximum [Member] | U.S. 660 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 500 |
Maximum [Member] | U.S. 660 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 500 |
Maximum [Member] | Canadian 3 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 12 |
Maximum [Member] | Canadian 3 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 12 |
Maximum [Member] | U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 1.8 |
Maximum [Member] | U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
First Revenue Threshold | 1.8 |
Minimum [Member] | U.S. 660 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 500 |
Minimum [Member] | U.S. 660 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 500 |
Minimum [Member] | Canadian 3 Hotel Operators [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 12 |
Minimum [Member] | Canadian 3 Hotel Operators [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 12 |
Minimum [Member] | U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 1.8 |
Minimum [Member] | U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | HVM [Member] | |
Variable Interest Entity [Line Items] | |
Second Revenue Threshold | 1.8 |
Variable_Interest_Entity_HVM_V
Variable Interest Entity (HVM) - Variable Interest Entity (HVM) - Summary of the Hotel Management Fees, Administrative Services Fees, G&A Expense Reimbursement Fees, Third Party Management Fees and Reimbursements (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 10 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 11, 2013 |
Variable Interest Entity [Line Items] | ||||||||||||
Total fees | $1,075 | $10,291 | ||||||||||
Total fees | 282,692 | 338,553 | 321,914 | 270,316 | 268,772 | 313,653 | 293,595 | 256,798 | 1,213,475 | 1,132,818 | 1,011,462 | |
HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 17,651 | 15,223 | ||||||||||
General and administrative expense reimbursement | 79,063 | 40,642 | ||||||||||
Administrative service fees | 7,102 | 6,308 | ||||||||||
Total fees | 103,816 | 62,173 | ||||||||||
On-site personnel reimbursement | 207,729 | 180,335 | ||||||||||
Total fees | 311,545 | 242,508 | ||||||||||
U.S. 660 Hotel Operators [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 14,852 | 13,456 | ||||||||||
General and administrative expense reimbursement | 78,732 | 40,466 | ||||||||||
Total fees | 93,584 | 53,922 | ||||||||||
On-site personnel reimbursement | 197,315 | 176,572 | ||||||||||
Total fees | 290,899 | 230,494 | ||||||||||
Canadian 3 Hotel Operators [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 41 | 101 | ||||||||||
General and administrative expense reimbursement | 331 | 176 | ||||||||||
Total fees | 372 | 277 | ||||||||||
On-site personnel reimbursement | 2,983 | 2,630 | ||||||||||
Total fees | 3,355 | 2,907 | ||||||||||
U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 46 | 40 | ||||||||||
Total fees | 46 | 40 | ||||||||||
On-site personnel reimbursement | 561 | 493 | ||||||||||
Total fees | 607 | 533 | ||||||||||
U.S. 17 Hotel Operators Acquired in December 2012 [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 78 | 1,331 | ||||||||||
Total fees | 78 | 1,331 | ||||||||||
On-site personnel reimbursement | 270 | |||||||||||
Total fees | 348 | 1,331 | ||||||||||
U.S. and Canadian 680 Hotel Owners [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Administrative service fees | 6,745 | 6,130 | ||||||||||
Total fees | 6,745 | 6,130 | ||||||||||
Total fees | 6,745 | 6,130 | ||||||||||
ESH Strategies [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Administrative service fees | 357 | 178 | ||||||||||
Total fees | 357 | 178 | ||||||||||
Total fees | 357 | 178 | ||||||||||
U.S. 2 Third Party Hotel Operators [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 280 | 295 | ||||||||||
Total fees | 280 | 295 | ||||||||||
On-site personnel reimbursement | 793 | 640 | ||||||||||
Total fees | 1,073 | 935 | ||||||||||
U.S. 17 Hotel Operators Acquired in December 2012 [Member] | HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 2,354 | |||||||||||
Total fees | 2,354 | |||||||||||
On-site personnel reimbursement | 5,807 | |||||||||||
Total fees | 8,161 | |||||||||||
HVM [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 17,651 | 15,223 | ||||||||||
General and administrative expense reimbursement | 79,063 | 40,642 | ||||||||||
Administrative service fees | 7,102 | 6,308 | ||||||||||
Total fees | 103,816 | 62,173 | ||||||||||
On-site personnel reimbursement | 207,729 | 180,335 | ||||||||||
Total fees | 311,545 | 242,508 | ||||||||||
HVM [Member] | U.S. 660 Hotel Operators [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 14,852 | 13,456 | ||||||||||
General and administrative expense reimbursement | 78,732 | 40,466 | ||||||||||
Total fees | 93,584 | 53,922 | ||||||||||
On-site personnel reimbursement | 197,315 | 176,572 | ||||||||||
Total fees | 290,899 | 230,494 | ||||||||||
HVM [Member] | Canadian 3 Hotel Operators [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 41 | 101 | ||||||||||
General and administrative expense reimbursement | 331 | 176 | ||||||||||
Total fees | 372 | 277 | ||||||||||
On-site personnel reimbursement | 2,983 | 2,630 | ||||||||||
Total fees | 3,355 | 2,907 | ||||||||||
HVM [Member] | U.S. 2 Hotel Operators Under Assumed Mortgage Loan [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 46 | 40 | ||||||||||
Total fees | 46 | 40 | ||||||||||
On-site personnel reimbursement | 561 | 493 | ||||||||||
Total fees | 607 | 533 | ||||||||||
HVM [Member] | U.S. 17 Hotel Operators Acquired in December 2012 [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 78 | 1,331 | ||||||||||
Total fees | 78 | 1,331 | ||||||||||
On-site personnel reimbursement | 270 | |||||||||||
Total fees | 348 | 1,331 | ||||||||||
HVM [Member] | U.S. and Canadian 680 Hotel Owners [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Administrative service fees | 6,745 | 6,130 | ||||||||||
Total fees | 6,745 | 6,130 | ||||||||||
Total fees | 6,745 | 6,130 | ||||||||||
HVM [Member] | ESH Strategies [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Administrative service fees | 357 | 178 | ||||||||||
Total fees | 357 | 178 | ||||||||||
Total fees | 357 | 178 | ||||||||||
HVM [Member] | U.S. 2 Third Party Hotel Operators [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 280 | 295 | ||||||||||
Total fees | 280 | 295 | ||||||||||
On-site personnel reimbursement | 793 | 640 | ||||||||||
Total fees | 1,073 | 935 | ||||||||||
HVM [Member] | U.S. 17 Hotel Operators Acquired in December 2012 [Member] | ||||||||||||
Variable Interest Entity [Line Items] | ||||||||||||
Management fees | 2,354 | |||||||||||
Total fees | 2,354 | |||||||||||
On-site personnel reimbursement | 5,807 | |||||||||||
Total fees | $8,161 |
Variable_Interest_Entity_HVM_U
Variable Interest Entity (HVM) - Unaudited Condensed Consolidated Statements of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 10 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 11, 2013 |
Variable Interest Entities Not Consolidated [Line Items] | ||||||||||||
Management fee revenues | $1,075 | $10,291 | ||||||||||
Total fees | 282,692 | 338,553 | 321,914 | 270,316 | 268,772 | 313,653 | 293,595 | 256,798 | 1,213,475 | 1,132,818 | 1,011,462 | |
General and administrative expenses | 84,381 | 108,325 | 88,543 | |||||||||
Restructuring expenses | 605 | 5,763 | ||||||||||
Managed property payroll expenses | 728 | 6,600 | ||||||||||
Depreciation and amortization | 187,207 | 168,053 | 129,938 | |||||||||
Total operating expenses | 865,125 | 821,827 | 727,574 | |||||||||
Other income | 388 | 1,134 | 384 | |||||||||
Net income | -58,305 | 43,875 | 43,236 | 10,790 | -10,943 | 46,156 | 37,572 | 13,446 | 39,596 | 86,231 | 20,732 | |
ESH REIT [Member] | ||||||||||||
Variable Interest Entities Not Consolidated [Line Items] | ||||||||||||
Management fee revenues | 1,113 | 10,346 | ||||||||||
Total fees | 297,354 | 139,605 | 123,599 | 123,647 | 208,342 | 313,701 | 293,650 | 256,846 | 684,205 | 1,072,539 | 1,011,517 | |
General and administrative expenses | 15,634 | 86,676 | 87,807 | |||||||||
Restructuring expenses | 605 | 5,763 | ||||||||||
Managed property payroll expenses | 639 | 6,600 | ||||||||||
Depreciation and amortization | 183,033 | 167,185 | 129,938 | |||||||||
Total operating expenses | 291,629 | 740,395 | 729,842 | |||||||||
Other income | 269 | 1,075 | 384 | |||||||||
Net income | 192,173 | 36,340 | 6,786 | 11,795 | 4,836 | 45,281 | 36,865 | 12,754 | 247,094 | 99,736 | 18,519 | |
HVM [Member] | ||||||||||||
Variable Interest Entities Not Consolidated [Line Items] | ||||||||||||
Management fee revenues | 103,816 | 62,173 | ||||||||||
Reimbursement of payroll from managed properties | 207,729 | 180,335 | ||||||||||
Total fees | 311,545 | 242,508 | ||||||||||
Hotel operating expenses | 27,280 | |||||||||||
General and administrative expenses | 65,795 | 58,049 | ||||||||||
Restructuring expenses | 5,763 | 605 | ||||||||||
Managed property payroll expenses | 207,729 | 180,335 | ||||||||||
Depreciation and amortization | 1,429 | 1,300 | ||||||||||
Total operating expenses | 307,996 | 240,289 | ||||||||||
Other income | 68 | 120 | ||||||||||
Net income | 3,617 | 2,339 | ||||||||||
HVM [Member] | ESH REIT [Member] | ||||||||||||
Variable Interest Entities Not Consolidated [Line Items] | ||||||||||||
Management fee revenues | 103,816 | 62,173 | ||||||||||
Reimbursement of payroll from managed properties | 207,729 | 180,335 | ||||||||||
Total fees | 311,545 | 242,508 | ||||||||||
Hotel operating expenses | 27,280 | |||||||||||
General and administrative expenses | 65,795 | 58,049 | ||||||||||
Restructuring expenses | 5,763 | 605 | ||||||||||
Managed property payroll expenses | 207,729 | 180,335 | ||||||||||
Depreciation and amortization | 1,429 | 1,300 | ||||||||||
Total operating expenses | 307,996 | 240,289 | ||||||||||
Other income | 68 | 120 | ||||||||||
Net income | $3,617 | $2,339 |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Members | |||
LetterOfCredit | |||
Hotel | |||
Commitment And Contingencies [Line Items] | |||
Number of ground leased hotel properties | 4 | ||
Termination period of ground lease agreements, Start | 2016 | ||
Termination period of ground lease agreements, End | 2096 | ||
Period of multiple renewal options for leases | Five or 10 year periods | ||
Rent expense on office and ground leases | $3.20 | $3.30 | $3.30 |
Initial term period of other commitments | 2031 | ||
Cost related to other commitments | 0.3 | 0.3 | 0.3 |
Number of outstanding letters of credit | 1 | ||
Letters of credit outstanding | 3.6 | ||
Purchase commitments | 1.6 | ||
Employment Agreements with Members of Senior Management | 3 | ||
Employment term | 2 years | ||
Extended period of employment term | 1 year | ||
ESH REIT [Member] | |||
Commitment And Contingencies [Line Items] | |||
Number of ground leased hotel properties | 4 | ||
Termination period of ground lease agreements, Start | 2016 | ||
Termination period of ground lease agreements, End | 2096 | ||
Period of multiple renewal options for leases | Five or 10 year periods | ||
Rent expense on office and ground leases | 1.6 | 3 | 3.3 |
Initial term period of other commitments | 2031 | ||
Cost related to other commitments | 0.3 | 0.3 | 0.3 |
Purchase commitments | $1.60 | ||
NORTH CAROLINA | |||
Commitment And Contingencies [Line Items] | |||
Initial term period of lease | 2021-08 | ||
Option to renew the lease for two additional terms | 2 | ||
Additional term period of lease | 5 years | ||
NORTH CAROLINA | ESH REIT [Member] | |||
Commitment And Contingencies [Line Items] | |||
Initial term period of lease | 2021-08 |
Commitment_and_Contingencies_F
Commitment and Contingencies - Future Minimum Lease Payments Under Operating Leases (Detail) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Commitment And Contingencies [Line Items] | |
2015 | $2,425 |
2016 | 2,649 |
2017 | 2,718 |
2018 | 2,788 |
2019 | 2,843 |
Thereafter | 85,936 |
Total | 99,359 |
ESH REIT [Member] | |
Commitment And Contingencies [Line Items] | |
2015 | 712 |
2016 | 729 |
2017 | 750 |
2018 | 771 |
2019 | 775 |
Thereafter | 82,381 |
Total | $86,118 |
Restructuring_Additional_Infor
Restructuring - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Restructuring Cost and Reserve [Line Items] | ||
Restructuring expenses | $605 | $5,763 |
ESH REIT [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring expenses | 605 | 5,763 |
Corporate Headquarters Relocation [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring expenses | 605 | 5,763 |
Corporate Headquarters Relocation [Member] | ESH REIT [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Restructuring expenses | $605 | $5,763 |
Restructuring_Restructuring_Ex
Restructuring - Restructuring Expenses (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Restructuring Cost and Reserve [Line Items] | ||
Personnel relocation, recruitment and separation payments | $605 | $3,729 |
Relocation of furniture, fixtures and equipment | 15 | |
Total restructuring expenses | 605 | 5,763 |
Executive [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Executive separation payments | 2,019 | |
ESH REIT [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Personnel relocation, recruitment and separation payments | 605 | 3,729 |
Relocation of furniture, fixtures and equipment | 15 | |
Total restructuring expenses | 605 | 5,763 |
ESH REIT [Member] | Executive [Member] | ||
Restructuring Cost and Reserve [Line Items] | ||
Executive separation payments | $2,019 |
Restructuring_Summary_of_Corpo
Restructuring - Summary of Corporate Restructuring (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Restructuring Cost and Reserve [Line Items] | |||
Expense incurred | $605 | $5,763 | |
ESH REIT [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Expense incurred | 605 | 5,763 | |
Cash payments | -29,351 | ||
Corporate Headquarters Relocation [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Balance-beginning of year | 8 | 213 | |
Expense incurred | 605 | 5,763 | |
Cash payments | -8 | -810 | |
Balance-end of year | 8 | 213 | |
Corporate Headquarters Relocation [Member] | ESH REIT [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Balance-beginning of year | 213 | ||
Expense incurred | 605 | 5,763 | |
Cash payments | -810 | ||
Assumption of liability by the Corporation | -8 | ||
Balance-end of year | $0 | $213 |
Equity_Based_Compensation_Addi
Equity Based Compensation - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | |||
In Millions, except Share data, unless otherwise specified | Nov. 12, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 12, 2013 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Aggregate number of Paired Shares | 8,000,000 | ||||
Granted incentive stock options | 4,000,000 | ||||
Aggregate distribution of cash | $2.40 | $2.40 | |||
Profit units vest percentage, minimum | 80.00% | ||||
Profit units vest percentage, maximum | 20.00% | ||||
Additional compensation cost | 14.6 | ||||
Total equity-based compensation | 8.8 | 20.2 | 6.4 | ||
Unrecognized compensation cost | 11.1 | ||||
Weighted-average period | 1 year 6 months | ||||
Accounts Payable and Accrued Liabilities [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Participants election to receive a one-time payment of a portion of the amount due under the agreements, included in accounts payable and accrued liabilities | 0.3 | 4.2 | |||
Accounts Payable and Accrued Liabilities [Member] | HVM [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Recorded gain on the settlement | 1.7 | ||||
Common Class B [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Restricted stock , issued | 482,533 | ||||
Restricted stock , forfeited or settled | 11,218 | ||||
Restricted stock , issued | 471,315 | ||||
General and Administrative Expenses [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total equity-based compensation | 8.8 | 20.2 | 4.4 | ||
Restructuring Expenses [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total equity-based compensation | 2 | ||||
ESH REIT [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Aggregate number of Paired Shares | 8,000,000 | ||||
Granted incentive stock options | 4,000,000 | ||||
Aggregate distribution of cash | 2.4 | 2.4 | |||
Profit units vest percentage, minimum | 80.00% | ||||
Profit units vest percentage, maximum | 20.00% | ||||
Additional compensation cost | 2.3 | ||||
Total equity-based compensation | 2 | 6.6 | 6.4 | ||
Unrecognized compensation cost | 1.1 | ||||
Weighted-average period | 1 year | ||||
ESH REIT [Member] | Corporation [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total equity-based compensation | 1.3 | 0.1 | |||
ESH REIT [Member] | General and Administrative Expenses [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total equity-based compensation | 2 | 6.6 | 4.4 | ||
ESH REIT [Member] | Restructuring Expenses [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||
Total equity-based compensation | $2 |
EquityBased_Compensation_Summa
Equity-Based Compensation - Summary of Key Assumptions Used for Fair Value Computation (Detail) | 10 Months Ended | 12 Months Ended |
Nov. 11, 2013 | Dec. 31, 2012 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected holding period | 3 months | 3 years |
Risk-free rate of return | 0.20% | 0.40% |
Expected dividend yield | 0.00% | 0.00% |
Expected volatility | 30.00% | 55.00% |
Discount for lack of marketability | 20.00% | 20.00% |
ESH REIT [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected holding period | 3 months | 3 years |
Risk-free rate of return | 0.20% | 0.40% |
Expected dividend yield | 0.00% | 0.00% |
Expected volatility | 30.00% | 55.00% |
Discount for lack of marketability | 20.00% | 20.00% |
EquityBased_Compensation_Summa1
Equity-Based Compensation - Summary of Restricted Stock Award and Restricted Stock Unit Activity (Detail) (Restricted Stock [Member], USD $) | 12 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Outstanding RSAs/RSUs-Beginning Balance | 1,933 | 4,816 | 4,811 |
RSAs/RSUs granted | 135 | 535 | 1,349 |
RSAs/RSUs converted or accelerated | -2,802 | ||
RSAs/RSUs settled | -719 | -96 | -96 |
RSAs/RSUs forfeited | -278 | -520 | -1,248 |
Outstanding RSAs/RSUs-Ending Balance | 1,071 | 1,933 | 4,816 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance | $12.02 | $6.96 | $5.83 |
Vested RSAs/RSUs | 131 | ||
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted | $24.33 | $21.89 | $9.47 |
Nonvested RSAs/RSUs | 940 | 1,933 | |
Weighted-Average Outstanding Profit Units, RSAs/RSUs converted or accelerated | $6.67 | ||
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled | $8.87 | $6.67 | $5.52 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited | $8.38 | $5.76 | $5.62 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance | $16.43 | $12.02 | $6.96 |
Vested RSAs/RSUs | $24.08 | ||
Nonvested RSAs/RSUs | $15.37 | $12.02 | |
ESH REIT [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Outstanding RSAs/RSUs-Beginning Balance | 1,583 | 4,816 | 4,811 |
RSAs/RSUs granted | 3 | 185 | 1,349 |
RSAs/RSUs converted or accelerated | -2,802 | ||
RSAs/RSUs settled | -712 | -96 | -96 |
RSAs/RSUs forfeited | -274 | -520 | -1,248 |
Outstanding RSAs/RSUs-Ending Balance | 600 | 1,583 | 4,816 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance | $9.35 | $6.96 | $5.83 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted | $23.14 | $17.75 | $9.47 |
Nonvested RSAs/RSUs | 600 | 1,583 | |
Weighted-Average Outstanding Profit Units, RSAs/RSUs converted or accelerated | $6.67 | ||
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled | $8.74 | $6.67 | $5.52 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited | $8.07 | $5.76 | $5.62 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance | $10.38 | $9.35 | $6.96 |
Nonvested RSAs/RSUs | $10.38 | $9.35 |
Defined_Contribution_Benefit_P1
Defined Contribution Benefit Plan - Additional Information (Detail) (USD $) | 10 Months Ended | 12 Months Ended | ||
Nov. 11, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 50.00% | |||
Employees contribution Percentage basis for Employer matching contribution | 6.00% | |||
Employees initial service period | 5 years | |||
Contributions of eligible employee pretax salary | 100.00% | |||
Amount of Employer contributions during period | 1,600,000 | $1,400,000 | $900,000 | |
Annual Deferral limit | 17,500 | 17,500 | 17,000 | |
ESH REIT [Member] | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 50.00% | |||
Employees contribution Percentage basis for Employer matching contribution | 6.00% | |||
Employees initial service period | 5 years | |||
Contributions of eligible employee pretax salary | 100.00% | |||
Amount of Employer contributions during period | 1,300,000 | 900,000 | ||
Annual Deferral limit | $17,500 | $17,000 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 2 Months Ended | 12 Months Ended | 11 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Nov. 17, 2013 | Dec. 31, 2012 | Nov. 18, 2013 | |
Related Party Transaction [Line Items] | ||||||
Percentage of outstanding common stock | 55.00% | |||||
ESH REIT [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Additional investment fund | $37,200,000 | $37,200,000 | ||||
Expenses from related party | 1,100,000 | 7,300,000 | ||||
Related party repayment period | 60 days | |||||
Due from Extended Stay America, Inc. | 25,828,000 | 1,238,000 | 25,828,000 | |||
Accrued interest outstanding | 5.00% | |||||
Fixed rental revenues | 494,000,000 | 67,200,000 | ||||
Straight-line rent receivable operating leases | 3,631,000 | 30,883,000 | 3,631,000 | |||
Deferred rent receivable collection date | 2018-10 | |||||
Percentage rental revenue | 190,200,000 | 4,700,000 | ||||
RENT RECEIVABLE FROM EXTENDED STAY AMERICA, INC. | 992,000 | 1,984,000 | 992,000 | |||
Unearned contingent rental revenue | 0 | 0 | 0 | |||
Unearned rental revenue | 38,830,000 | 28,109,000 | 38,830,000 | |||
Percentage of outstanding common stock | 55.00% | |||||
ESH REIT [Member] | Common Class A [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Percentage of outstanding common stock | 55.00% | 55.00% | ||||
Sponsors [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Offering and earned transactions of shares | 1,000,000 | |||||
Outstanding redeemable preferred stock | 21,105 | |||||
Additional investment fund | 37,200,000 | 37,200,000 | ||||
Sponsors [Member] | ESH REIT [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Offering and earned transactions of shares | 1,000,000 | |||||
Sponsors [Member] | Paired Shares [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Shares issued to underwriting | 794,000 | 794,000 | ||||
Sponsors [Member] | Paired Shares [Member] | ESH REIT [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Shares issued to underwriting | 794,000 | 794,000 | ||||
ESH Strategies [Member] | ESH REIT [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Expenses from related party | $3,000,000 | $3,000,000 | ||||
Percentage of trademark fee to revenues | 0.30% |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended |
Dec. 31, 2014 | Feb. 26, 2015 | |
Subsequent Event [Line Items] | ||
Date of distribution declared | 26-Feb-15 | |
Date of distribution payable | 26-Mar-15 | |
Date of distribution record | 12-Mar-15 | |
ESH REIT [Member] | ||
Subsequent Event [Line Items] | ||
Date of distribution declared | 26-Feb-15 | |
Date of distribution payable | 26-Mar-15 | |
Date of distribution record | 12-Mar-15 | |
Subsequent Event [Member] | ||
Subsequent Event [Line Items] | ||
Cash distribution | $0.15 | |
Subsequent Event [Member] | ESH REIT [Member] | ||
Subsequent Event [Line Items] | ||
Cash distribution | $0.15 |
Schedule_III_Real_Estate_and_A
Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | $1,306,246,000 | |||
Initial Cost - Building | 2,650,736,000 | |||
Initial Cost - FF&E | 49,007,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,589,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 243,285,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 414,099,000 | |||
Gross Amount Carried - Land and Improvements | 1,352,835,000 | |||
Gross Amount Carried - Building and Improvements | 2,894,021,000 | |||
Gross Amount Carried - FF&E | 463,106,000 | |||
Total | 4,709,962,000 | 4,566,688,000 | 4,385,964,000 | 3,996,335,000 |
Accumulated Depreciation | 622,514,000 | 439,371,000 | 275,342,000 | 152,203,000 |
ESH REIT [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,306,246,000 | |||
Initial Cost - Building | 2,650,736,000 | |||
Initial Cost - FF&E | 48,463,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,050,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 243,994,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 389,119,000 | |||
Gross Amount Carried - Land and Improvements | 1,354,296,000 | |||
Gross Amount Carried - Building and Improvements | 2,894,730,000 | |||
Gross Amount Carried - FF&E | 437,582,000 | |||
Total | 4,686,608,000 | 4,546,418,000 | 4,385,964,000 | 3,996,335,000 |
Accumulated Depreciation | 606,960,000 | 426,479,000 | 275,342,000 | 152,203,000 |
Corporate Segment [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 19,957,000 | |||
Gross Amount Carried - FF&E | 19,957,000 | |||
Total | 19,957,000 | |||
Accumulated Depreciation | 13,914,000 | |||
Date Acquired | 1-Sep-11 | |||
Land Available For Development [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,821,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -146,000 | |||
Gross Amount Carried - Land and Improvements | 1,675,000 | |||
Total | 1,675,000 | |||
Date Acquired | 8-Oct-10 | |||
Property Subject to Operating Lease [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - FF&E | 544,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 9,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 5,023,000 | |||
Gross Amount Carried - Land and Improvements | 121,000 | |||
Gross Amount Carried - Building and Improvements | 9,000 | |||
Gross Amount Carried - FF&E | 5,567,000 | |||
Total | 5,697,000 | |||
Accumulated Depreciation | 1,640,000 | |||
Impairment [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -1,582,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -718,000 | |||
Gross Amount Carried - Land and Improvements | -1,582,000 | |||
Gross Amount Carried - Building and Improvements | -718,000 | |||
Total | -2,300,000 | |||
Minimum [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Maximum [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Anchorage Downtown [Member] | ALASKA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 723,000 | |||
Initial Cost - Building | 8,791,000 | |||
Initial Cost - FF&E | 137,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 632,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 897,000 | |||
Gross Amount Carried - Land and Improvements | 787,000 | |||
Gross Amount Carried - Building and Improvements | 9,423,000 | |||
Gross Amount Carried - FF&E | 1,034,000 | |||
Total | 11,244,000 | |||
Accumulated Depreciation | 1,597,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Anchorage Midtown [Member] | ALASKA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,600,000 | |||
Initial Cost - Building | 20,740,000 | |||
Initial Cost - FF&E | 240,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 657,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,260,000 | |||
Gross Amount Carried - Land and Improvements | 2,656,000 | |||
Gross Amount Carried - Building and Improvements | 21,397,000 | |||
Gross Amount Carried - FF&E | 1,500,000 | |||
Total | 25,553,000 | |||
Accumulated Depreciation | 3,018,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 45 years | |||
Fairbanks Old Airport Way [Member] | ALASKA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,978,000 | |||
Initial Cost - Building | 12,016,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 470,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 784,000 | |||
Gross Amount Carried - Land and Improvements | 3,060,000 | |||
Gross Amount Carried - Building and Improvements | 12,486,000 | |||
Gross Amount Carried - FF&E | 882,000 | |||
Total | 16,428,000 | |||
Accumulated Depreciation | 2,039,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 40 years | |||
Juneau Shell Simmons Drive [Member] | ALASKA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,979,000 | |||
Initial Cost - Building | 12,135,000 | |||
Initial Cost - FF&E | 132,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 546,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 790,000 | |||
Gross Amount Carried - Land and Improvements | 3,051,000 | |||
Gross Amount Carried - Building and Improvements | 12,681,000 | |||
Gross Amount Carried - FF&E | 922,000 | |||
Total | 16,654,000 | |||
Accumulated Depreciation | 2,021,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Birmingham Inverness [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 359,000 | |||
Initial Cost - Building | 688,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 323,000 | |||
Gross Amount Carried - Land and Improvements | 388,000 | |||
Gross Amount Carried - Building and Improvements | 767,000 | |||
Gross Amount Carried - FF&E | 356,000 | |||
Total | 1,511,000 | |||
Accumulated Depreciation | 293,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Birmingham Perimeter Park South [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,737,000 | |||
Initial Cost - Building | 3,218,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 227,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 389,000 | |||
Gross Amount Carried - Land and Improvements | 1,785,000 | |||
Gross Amount Carried - Building and Improvements | 3,445,000 | |||
Gross Amount Carried - FF&E | 442,000 | |||
Total | 5,672,000 | |||
Accumulated Depreciation | 734,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Birmingham Wildwood [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 385,000 | |||
Initial Cost - Building | 1,890,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 407,000 | |||
Gross Amount Carried - Land and Improvements | 472,000 | |||
Gross Amount Carried - Building and Improvements | 1,993,000 | |||
Gross Amount Carried - FF&E | 440,000 | |||
Total | 2,905,000 | |||
Accumulated Depreciation | 512,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Huntsville US Space and Rocket Center [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 770,000 | |||
Initial Cost - Building | 5,385,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 148,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 285,000 | |||
Gross Amount Carried - Land and Improvements | 829,000 | |||
Gross Amount Carried - Building and Improvements | 5,533,000 | |||
Gross Amount Carried - FF&E | 324,000 | |||
Total | 6,686,000 | |||
Accumulated Depreciation | 988,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Mobile Spring Hill [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,185,000 | |||
Initial Cost - Building | 7,479,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 208,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 254,000 | |||
Gross Amount Carried - Land and Improvements | 1,251,000 | |||
Gross Amount Carried - Building and Improvements | 7,687,000 | |||
Gross Amount Carried - FF&E | 295,000 | |||
Total | 9,233,000 | |||
Accumulated Depreciation | 1,269,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Montgomery Carmichael Rd [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,045,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 222,000 | |||
Gross Amount Carried - Land and Improvements | 1,130,000 | |||
Gross Amount Carried - Building and Improvements | 92,000 | |||
Gross Amount Carried - FF&E | 257,000 | |||
Total | 1,479,000 | |||
Accumulated Depreciation | 266,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Montgomery Carmichael Rd [Member] | Minimum [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Montgomery Carmichael Rd [Member] | Maximum [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Montgomery Eastern Blvd [Member] | ALABAMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 600,000 | |||
Initial Cost - Building | 4,231,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 299,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 650,000 | |||
Gross Amount Carried - Land and Improvements | 661,000 | |||
Gross Amount Carried - Building and Improvements | 4,530,000 | |||
Gross Amount Carried - FF&E | 694,000 | |||
Total | 5,885,000 | |||
Accumulated Depreciation | 1,128,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Little Rock West [Member]. | ARKANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,630,000 | |||
Initial Cost - Building | 2,916,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 128,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 341,000 | |||
Gross Amount Carried - Land and Improvements | 1,680,000 | |||
Gross Amount Carried - Building and Improvements | 3,044,000 | |||
Gross Amount Carried - FF&E | 387,000 | |||
Total | 5,111,000 | |||
Accumulated Depreciation | 613,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Little Rock West Little Rock [Member] | ARKANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,708,000 | |||
Initial Cost - Building | 1,931,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 140,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 326,000 | |||
Gross Amount Carried - Land and Improvements | 1,766,000 | |||
Gross Amount Carried - Building and Improvements | 2,071,000 | |||
Gross Amount Carried - FF&E | 365,000 | |||
Total | 4,202,000 | |||
Accumulated Depreciation | 519,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Fayetteville Springdale [Member] | ARKANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,460,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 329,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 406,000 | |||
Gross Amount Carried - Land and Improvements | 1,555,000 | |||
Gross Amount Carried - Building and Improvements | 329,000 | |||
Gross Amount Carried - FF&E | 461,000 | |||
Total | 2,345,000 | |||
Accumulated Depreciation | 313,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Fayetteville Springdale [Member] | Minimum [Member] | ARKANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Fayetteville Springdale [Member] | Maximum [Member] | ARKANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Phoenix Mesa [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,098,000 | |||
Initial Cost - Building | 2,347,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 399,000 | |||
Gross Amount Carried - Land and Improvements | 1,181,000 | |||
Gross Amount Carried - Building and Improvements | 2,455,000 | |||
Gross Amount Carried - FF&E | 437,000 | |||
Total | 4,073,000 | |||
Accumulated Depreciation | 550,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Phoenix Mesa [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,305,000 | |||
Initial Cost - Building | 2,589,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 188,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 426,000 | |||
Gross Amount Carried - Land and Improvements | 1,374,000 | |||
Gross Amount Carried - Building and Improvements | 2,777,000 | |||
Gross Amount Carried - FF&E | 470,000 | |||
Total | 4,621,000 | |||
Accumulated Depreciation | 628,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Phoenix Peoria [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,229,000 | |||
Initial Cost - Building | 3,741,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 375,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 637,000 | |||
Gross Amount Carried - Land and Improvements | 1,275,000 | |||
Gross Amount Carried - Building and Improvements | 4,116,000 | |||
Gross Amount Carried - FF&E | 675,000 | |||
Total | 6,066,000 | |||
Accumulated Depreciation | 661,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Phoenix Airport [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,764,000 | |||
Initial Cost - Building | 408,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 449,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 560,000 | |||
Gross Amount Carried - Land and Improvements | 1,817,000 | |||
Gross Amount Carried - Building and Improvements | 857,000 | |||
Gross Amount Carried - FF&E | 598,000 | |||
Total | 3,272,000 | |||
Accumulated Depreciation | 668,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Phoenix Airport E Oak St [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,623,000 | |||
Initial Cost - Building | 1,109,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 144,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 476,000 | |||
Gross Amount Carried - Land and Improvements | 1,672,000 | |||
Gross Amount Carried - Building and Improvements | 1,253,000 | |||
Gross Amount Carried - FF&E | 533,000 | |||
Total | 3,458,000 | |||
Accumulated Depreciation | 515,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 36 years | |||
Phoenix Biltmore [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,191,000 | |||
Initial Cost - Building | 1,372,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 567,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 974,000 | |||
Gross Amount Carried - Land and Improvements | 1,278,000 | |||
Gross Amount Carried - Building and Improvements | 1,939,000 | |||
Gross Amount Carried - FF&E | 1,024,000 | |||
Total | 4,241,000 | |||
Accumulated Depreciation | 526,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Phoenix Chandler [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,130,000 | |||
Initial Cost - Building | 2,983,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 422,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 665,000 | |||
Gross Amount Carried - Land and Improvements | 1,184,000 | |||
Gross Amount Carried - Building and Improvements | 3,405,000 | |||
Gross Amount Carried - FF&E | 704,000 | |||
Total | 5,293,000 | |||
Accumulated Depreciation | 617,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Phoenix Chandler E Chandler Blvd [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,745,000 | |||
Initial Cost - Building | 3,307,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 587,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,117,000 | |||
Gross Amount Carried - Land and Improvements | 1,836,000 | |||
Gross Amount Carried - Building and Improvements | 3,894,000 | |||
Gross Amount Carried - FF&E | 1,166,000 | |||
Total | 6,896,000 | |||
Accumulated Depreciation | 783,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 34 years | |||
Phoenix Deer Valley [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 945,000 | |||
Initial Cost - Building | 2,092,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 417,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 840,000 | |||
Gross Amount Carried - Land and Improvements | 997,000 | |||
Gross Amount Carried - Building and Improvements | 2,509,000 | |||
Gross Amount Carried - FF&E | 879,000 | |||
Total | 4,385,000 | |||
Accumulated Depreciation | 569,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Phoenix Metro Black Canyon Highway [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,378,000 | |||
Initial Cost - Building | 1,610,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 144,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 154,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 547,000 | |||
Gross Amount Carried - Land and Improvements | 1,522,000 | |||
Gross Amount Carried - Building and Improvements | 1,764,000 | |||
Gross Amount Carried - FF&E | 596,000 | |||
Total | 3,882,000 | |||
Accumulated Depreciation | 617,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 34 years | |||
Phoenix Metro Dunlap Ave [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,071,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 319,000 | |||
Gross Amount Carried - Land and Improvements | 2,127,000 | |||
Gross Amount Carried - Building and Improvements | 95,000 | |||
Gross Amount Carried - FF&E | 363,000 | |||
Total | 2,585,000 | |||
Accumulated Depreciation | 231,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Phoenix Metro Dunlap Ave [Member] | Minimum [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Phoenix Metro Dunlap Ave [Member] | Maximum [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Phoenix Midtown [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,195,000 | |||
Initial Cost - Building | 3,918,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 714,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,244,000 | |||
Gross Amount Carried - Land and Improvements | 1,258,000 | |||
Gross Amount Carried - Building and Improvements | 4,632,000 | |||
Gross Amount Carried - FF&E | 1,303,000 | |||
Total | 7,193,000 | |||
Accumulated Depreciation | 955,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Phoenix West [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,951,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 160,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 315,000 | |||
Gross Amount Carried - Land and Improvements | 1,999,000 | |||
Gross Amount Carried - Building and Improvements | 160,000 | |||
Gross Amount Carried - FF&E | 359,000 | |||
Total | 2,518,000 | |||
Accumulated Depreciation | 335,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Phoenix West [Member] | Minimum [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Phoenix West [Member] | Maximum [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Phoenix Scottsdale [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,655,000 | |||
Initial Cost - Building | 3,691,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 464,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 961,000 | |||
Gross Amount Carried - Land and Improvements | 1,738,000 | |||
Gross Amount Carried - Building and Improvements | 4,155,000 | |||
Gross Amount Carried - FF&E | 1,007,000 | |||
Total | 6,900,000 | |||
Accumulated Depreciation | 752,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Phoenix Scottsdale North [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,476,000 | |||
Initial Cost - Building | 4,266,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 533,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 758,000 | |||
Gross Amount Carried - Land and Improvements | 1,518,000 | |||
Gross Amount Carried - Building and Improvements | 4,799,000 | |||
Gross Amount Carried - FF&E | 801,000 | |||
Total | 7,118,000 | |||
Accumulated Depreciation | 853,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Phoenix Scottsdale Old Town [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,605,000 | |||
Initial Cost - Building | 2,564,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 520,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 770,000 | |||
Gross Amount Carried - Land and Improvements | 1,674,000 | |||
Gross Amount Carried - Building and Improvements | 3,084,000 | |||
Gross Amount Carried - FF&E | 813,000 | |||
Total | 5,571,000 | |||
Accumulated Depreciation | 1,099,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
Phoenix Airport Tempe [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,228,000 | |||
Initial Cost - Building | 3,249,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 230,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 388,000 | |||
Gross Amount Carried - Land and Improvements | 1,273,000 | |||
Gross Amount Carried - Building and Improvements | 3,479,000 | |||
Gross Amount Carried - FF&E | 434,000 | |||
Total | 5,186,000 | |||
Accumulated Depreciation | 701,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Tucson Butterfield Drive [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,133,000 | |||
Initial Cost - Building | 1,098,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 22,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 271,000 | |||
Gross Amount Carried - Land and Improvements | 1,155,000 | |||
Gross Amount Carried - Building and Improvements | 1,140,000 | |||
Gross Amount Carried - FF&E | 310,000 | |||
Total | 2,605,000 | |||
Accumulated Depreciation | 415,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Tucson Grant Road [Member] | ARIZONA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,780,000 | |||
Initial Cost - Building | 5,364,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 375,000 | |||
Gross Amount Carried - Land and Improvements | 1,834,000 | |||
Gross Amount Carried - Building and Improvements | 5,460,000 | |||
Gross Amount Carried - FF&E | 418,000 | |||
Total | 7,712,000 | |||
Accumulated Depreciation | 987,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Oakland Alameda [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,165,000 | |||
Initial Cost - Building | 9,134,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 559,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 748,000 | |||
Gross Amount Carried - Land and Improvements | 5,226,000 | |||
Gross Amount Carried - Building and Improvements | 9,693,000 | |||
Gross Amount Carried - FF&E | 805,000 | |||
Total | 15,724,000 | |||
Accumulated Depreciation | 1,703,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Oakland Alameda Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,197,000 | |||
Initial Cost - Building | 3,067,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 585,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 896,000 | |||
Gross Amount Carried - Land and Improvements | 3,242,000 | |||
Gross Amount Carried - Building and Improvements | 3,652,000 | |||
Gross Amount Carried - FF&E | 951,000 | |||
Total | 7,845,000 | |||
Accumulated Depreciation | 865,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
San Jose Santa Clara [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,036,000 | |||
Initial Cost - Building | 2,681,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 403,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 523,000 | |||
Gross Amount Carried - Land and Improvements | 5,145,000 | |||
Gross Amount Carried - Building and Improvements | 3,084,000 | |||
Gross Amount Carried - FF&E | 587,000 | |||
Total | 8,816,000 | |||
Accumulated Depreciation | 867,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Orange County Anaheim Convention Center [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,439,000 | |||
Initial Cost - Building | 3,574,000 | |||
Initial Cost - FF&E | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 568,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 821,000 | |||
Gross Amount Carried - Land and Improvements | 4,510,000 | |||
Gross Amount Carried - Building and Improvements | 4,142,000 | |||
Gross Amount Carried - FF&E | 894,000 | |||
Total | 9,546,000 | |||
Accumulated Depreciation | 1,153,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Orange County Anaheim Hills [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,779,000 | |||
Initial Cost - Building | 2,040,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 587,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 684,000 | |||
Gross Amount Carried - Land and Improvements | 4,822,000 | |||
Gross Amount Carried - Building and Improvements | 2,627,000 | |||
Gross Amount Carried - FF&E | 782,000 | |||
Total | 8,231,000 | |||
Accumulated Depreciation | 856,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Los Angeles Arcadia [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,577,000 | |||
Initial Cost - Building | 3,647,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 537,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 843,000 | |||
Gross Amount Carried - Land and Improvements | 4,655,000 | |||
Gross Amount Carried - Building and Improvements | 4,184,000 | |||
Gross Amount Carried - FF&E | 888,000 | |||
Total | 9,727,000 | |||
Accumulated Depreciation | 987,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Bakersfield California Avenue [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,186,000 | |||
Initial Cost - Building | 2,153,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 575,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 772,000 | |||
Gross Amount Carried - Land and Improvements | 1,265,000 | |||
Gross Amount Carried - Building and Improvements | 2,728,000 | |||
Gross Amount Carried - FF&E | 815,000 | |||
Total | 4,808,000 | |||
Accumulated Depreciation | 874,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Bakersfield Chester Lane [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,002,000 | |||
Initial Cost - Building | 4,514,000 | |||
Initial Cost - FF&E | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 382,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 573,000 | |||
Gross Amount Carried - Land and Improvements | 1,055,000 | |||
Gross Amount Carried - Building and Improvements | 4,896,000 | |||
Gross Amount Carried - FF&E | 715,000 | |||
Total | 6,666,000 | |||
Accumulated Depreciation | 860,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2005 | |||
Depreciable Lives | 45 years | |||
San Francisco Belmont [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,910,000 | |||
Initial Cost - Building | 7,236,000 | |||
Initial Cost - FF&E | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 349,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 594,000 | |||
Gross Amount Carried - Land and Improvements | 2,961,000 | |||
Gross Amount Carried - Building and Improvements | 7,585,000 | |||
Gross Amount Carried - FF&E | 697,000 | |||
Total | 11,243,000 | |||
Accumulated Depreciation | 1,316,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Orange County Brea [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,199,000 | |||
Initial Cost - Building | 4,778,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 841,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 995,000 | |||
Gross Amount Carried - Land and Improvements | 5,286,000 | |||
Gross Amount Carried - Building and Improvements | 5,619,000 | |||
Gross Amount Carried - FF&E | 1,045,000 | |||
Total | 11,950,000 | |||
Accumulated Depreciation | 1,534,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Los Angeles Burbank Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,120,000 | |||
Initial Cost - Building | 9,690,000 | |||
Initial Cost - FF&E | 106,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 632,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 882,000 | |||
Gross Amount Carried - Land and Improvements | 6,171,000 | |||
Gross Amount Carried - Building and Improvements | 10,322,000 | |||
Gross Amount Carried - FF&E | 988,000 | |||
Total | 17,481,000 | |||
Accumulated Depreciation | 1,663,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
San Diego Carlsbad Village by Sea [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,783,000 | |||
Initial Cost - Building | 7,618,000 | |||
Initial Cost - FF&E | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 427,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 662,000 | |||
Gross Amount Carried - Land and Improvements | 4,848,000 | |||
Gross Amount Carried - Building and Improvements | 8,045,000 | |||
Gross Amount Carried - FF&E | 758,000 | |||
Total | 13,651,000 | |||
Accumulated Depreciation | 1,440,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Los Angeles Carson [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,430,000 | |||
Initial Cost - Building | 2,173,000 | |||
Initial Cost - FF&E | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 328,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 505,000 | |||
Gross Amount Carried - Land and Improvements | 5,519,000 | |||
Gross Amount Carried - Building and Improvements | 2,501,000 | |||
Gross Amount Carried - FF&E | 643,000 | |||
Total | 8,663,000 | |||
Accumulated Depreciation | 802,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Los Angeles Chino Valley [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,288,000 | |||
Initial Cost - Building | 3,297,000 | |||
Initial Cost - FF&E | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 383,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 779,000 | |||
Gross Amount Carried - Land and Improvements | 1,323,000 | |||
Gross Amount Carried - Building and Improvements | 3,680,000 | |||
Gross Amount Carried - FF&E | 887,000 | |||
Total | 5,890,000 | |||
Accumulated Depreciation | 1,001,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Orange County Cypress [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,543,000 | |||
Initial Cost - Building | 4,484,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 619,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 912,000 | |||
Gross Amount Carried - Land and Improvements | 5,597,000 | |||
Gross Amount Carried - Building and Improvements | 5,103,000 | |||
Gross Amount Carried - FF&E | 971,000 | |||
Total | 11,671,000 | |||
Accumulated Depreciation | 1,136,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Dublin Hacienda Dr [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,377,000 | |||
Initial Cost - Building | 4,243,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 416,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 617,000 | |||
Gross Amount Carried - Land and Improvements | 3,451,000 | |||
Gross Amount Carried - Building and Improvements | 4,659,000 | |||
Gross Amount Carried - FF&E | 669,000 | |||
Total | 8,779,000 | |||
Accumulated Depreciation | 1,054,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Los Angeles LAX Airport El Segundo [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 9,922,000 | |||
Initial Cost - Building | 5,598,000 | |||
Initial Cost - FF&E | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 694,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 928,000 | |||
Gross Amount Carried - Land and Improvements | 10,045,000 | |||
Gross Amount Carried - Building and Improvements | 6,292,000 | |||
Gross Amount Carried - FF&E | 996,000 | |||
Total | 17,333,000 | |||
Accumulated Depreciation | 1,434,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Sacramento Elk Grove [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 941,000 | |||
Initial Cost - Building | 2,290,000 | |||
Initial Cost - FF&E | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 380,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 558,000 | |||
Gross Amount Carried - Land and Improvements | 989,000 | |||
Gross Amount Carried - Building and Improvements | 2,670,000 | |||
Gross Amount Carried - FF&E | 647,000 | |||
Total | 4,306,000 | |||
Accumulated Depreciation | 589,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Fairfield Napa Valley [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,490,000 | |||
Initial Cost - Building | 6,066,000 | |||
Initial Cost - FF&E | 135,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 328,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 621,000 | |||
Gross Amount Carried - Land and Improvements | 1,529,000 | |||
Gross Amount Carried - Building and Improvements | 6,394,000 | |||
Gross Amount Carried - FF&E | 756,000 | |||
Total | 8,679,000 | |||
Accumulated Depreciation | 1,019,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Fremont Fremont Blvd South [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,928,000 | |||
Initial Cost - Building | 5,364,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 509,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 884,000 | |||
Gross Amount Carried - Land and Improvements | 3,020,000 | |||
Gross Amount Carried - Building and Improvements | 5,873,000 | |||
Gross Amount Carried - FF&E | 940,000 | |||
Total | 9,833,000 | |||
Accumulated Depreciation | 1,425,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Fremont Newark [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 7,370,000 | |||
Initial Cost - Building | 6,048,000 | |||
Initial Cost - FF&E | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 276,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,023,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,351,000 | |||
Gross Amount Carried - Land and Improvements | 7,646,000 | |||
Gross Amount Carried - Building and Improvements | 7,071,000 | |||
Gross Amount Carried - FF&E | 1,452,000 | |||
Total | 16,169,000 | |||
Accumulated Depreciation | 1,751,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Fremont Newark [Member] | Minimum [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Fremont Newark [Member] | Maximum [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Fremont Warm Springs [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,114,000 | |||
Initial Cost - Building | 1,271,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 465,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 585,000 | |||
Gross Amount Carried - Land and Improvements | 5,179,000 | |||
Gross Amount Carried - Building and Improvements | 1,736,000 | |||
Gross Amount Carried - FF&E | 643,000 | |||
Total | 7,558,000 | |||
Accumulated Depreciation | 732,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Fresno North [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,988,000 | |||
Initial Cost - Building | 6,753,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 498,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 588,000 | |||
Gross Amount Carried - Land and Improvements | 2,048,000 | |||
Gross Amount Carried - Building and Improvements | 7,251,000 | |||
Gross Amount Carried - FF&E | 631,000 | |||
Total | 9,930,000 | |||
Accumulated Depreciation | 1,400,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Fresno West [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,231,000 | |||
Initial Cost - Building | 1,867,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 15,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 276,000 | |||
Gross Amount Carried - Land and Improvements | 1,246,000 | |||
Gross Amount Carried - Building and Improvements | 1,959,000 | |||
Gross Amount Carried - FF&E | 318,000 | |||
Total | 3,523,000 | |||
Accumulated Depreciation | 565,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Los Angeles South [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,977,000 | |||
Initial Cost - Building | 3,909,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 574,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 849,000 | |||
Gross Amount Carried - Land and Improvements | 4,054,000 | |||
Gross Amount Carried - Building and Improvements | 4,483,000 | |||
Gross Amount Carried - FF&E | 900,000 | |||
Total | 9,437,000 | |||
Accumulated Depreciation | 1,253,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 28 years | |||
Los Angeles Glendale [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,689,000 | |||
Initial Cost - Building | 5,746,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 376,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 681,000 | |||
Gross Amount Carried - Land and Improvements | 4,727,000 | |||
Gross Amount Carried - Building and Improvements | 6,122,000 | |||
Gross Amount Carried - FF&E | 736,000 | |||
Total | 11,585,000 | |||
Accumulated Depreciation | 1,109,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Orange County Huntington Beach [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,499,000 | |||
Initial Cost - Building | 5,131,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 569,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 664,000 | |||
Gross Amount Carried - Land and Improvements | 4,544,000 | |||
Gross Amount Carried - Building and Improvements | 5,700,000 | |||
Gross Amount Carried - FF&E | 702,000 | |||
Total | 10,946,000 | |||
Accumulated Depreciation | 976,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Orange County Irvine Spectrum [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 7,355,000 | |||
Initial Cost - Building | 5,703,000 | |||
Initial Cost - FF&E | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 677,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 965,000 | |||
Gross Amount Carried - Land and Improvements | 7,455,000 | |||
Gross Amount Carried - Building and Improvements | 6,380,000 | |||
Gross Amount Carried - FF&E | 1,019,000 | |||
Total | 14,854,000 | |||
Accumulated Depreciation | 1,382,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Los Angeles La Mirada [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,681,000 | |||
Initial Cost - Building | 2,557,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 508,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 754,000 | |||
Gross Amount Carried - Land and Improvements | 3,742,000 | |||
Gross Amount Carried - Building and Improvements | 3,065,000 | |||
Gross Amount Carried - FF&E | 793,000 | |||
Total | 7,600,000 | |||
Accumulated Depreciation | 725,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Orange County Lake Forest [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,530,000 | |||
Initial Cost - Building | 2,182,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 531,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 655,000 | |||
Gross Amount Carried - Land and Improvements | 5,609,000 | |||
Gross Amount Carried - Building and Improvements | 2,713,000 | |||
Gross Amount Carried - FF&E | 698,000 | |||
Total | 9,020,000 | |||
Accumulated Depreciation | 862,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Livermore Airway Blvd [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,553,000 | |||
Initial Cost - Building | 3,576,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 528,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 784,000 | |||
Gross Amount Carried - Land and Improvements | 2,596,000 | |||
Gross Amount Carried - Building and Improvements | 4,104,000 | |||
Gross Amount Carried - FF&E | 828,000 | |||
Total | 7,528,000 | |||
Accumulated Depreciation | 806,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Los Angeles Long Beach Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,626,000 | |||
Initial Cost - Building | 6,872,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 550,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 696,000 | |||
Gross Amount Carried - Land and Improvements | 5,708,000 | |||
Gross Amount Carried - Building and Improvements | 7,422,000 | |||
Gross Amount Carried - FF&E | 743,000 | |||
Total | 13,873,000 | |||
Accumulated Depreciation | 1,418,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Los Angeles LAX Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,770,000 | |||
Initial Cost - Building | 7,879,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 571,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 816,000 | |||
Gross Amount Carried - Land and Improvements | 4,829,000 | |||
Gross Amount Carried - Building and Improvements | 8,450,000 | |||
Gross Amount Carried - FF&E | 872,000 | |||
Total | 14,151,000 | |||
Accumulated Depreciation | 1,445,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
San Jose Milpitas [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,602,000 | |||
Initial Cost - Building | 4,064,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 182,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 576,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 902,000 | |||
Gross Amount Carried - Land and Improvements | 6,784,000 | |||
Gross Amount Carried - Building and Improvements | 4,640,000 | |||
Gross Amount Carried - FF&E | 953,000 | |||
Total | 12,377,000 | |||
Accumulated Depreciation | 1,082,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
San Jose Milpitas McCarthy Ranch [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,844,000 | |||
Initial Cost - Building | 7,392,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 889,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,204,000 | |||
Gross Amount Carried - Land and Improvements | 6,946,000 | |||
Gross Amount Carried - Building and Improvements | 8,281,000 | |||
Gross Amount Carried - FF&E | 1,261,000 | |||
Total | 16,488,000 | |||
Accumulated Depreciation | 1,990,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Los Angeles Monrovia [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,884,000 | |||
Initial Cost - Building | 4,929,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 697,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 872,000 | |||
Gross Amount Carried - Land and Improvements | 3,975,000 | |||
Gross Amount Carried - Building and Improvements | 5,626,000 | |||
Gross Amount Carried - FF&E | 929,000 | |||
Total | 10,530,000 | |||
Accumulated Depreciation | 1,140,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
San Jose Morgan Hill [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,283,000 | |||
Initial Cost - Building | 2,018,000 | |||
Initial Cost - FF&E | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 520,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 712,000 | |||
Gross Amount Carried - Land and Improvements | 4,327,000 | |||
Gross Amount Carried - Building and Improvements | 2,538,000 | |||
Gross Amount Carried - FF&E | 748,000 | |||
Total | 7,613,000 | |||
Accumulated Depreciation | 612,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
San Jose Mountain View [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,657,000 | |||
Initial Cost - Building | 4,458,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 492,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 905,000 | |||
Gross Amount Carried - Land and Improvements | 6,734,000 | |||
Gross Amount Carried - Building and Improvements | 4,950,000 | |||
Gross Amount Carried - FF&E | 952,000 | |||
Total | 12,636,000 | |||
Accumulated Depreciation | 1,344,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Orange County John Wayne Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,881,000 | |||
Initial Cost - Building | 10,663,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 551,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 746,000 | |||
Gross Amount Carried - Land and Improvements | 6,934,000 | |||
Gross Amount Carried - Building and Improvements | 11,214,000 | |||
Gross Amount Carried - FF&E | 844,000 | |||
Total | 18,992,000 | |||
Accumulated Depreciation | 1,878,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Los Angeles Northridge [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,167,000 | |||
Initial Cost - Building | 5,391,000 | |||
Initial Cost - FF&E | 163,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 409,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 704,000 | |||
Gross Amount Carried - Land and Improvements | 5,266,000 | |||
Gross Amount Carried - Building and Improvements | 5,800,000 | |||
Gross Amount Carried - FF&E | 867,000 | |||
Total | 11,933,000 | |||
Accumulated Depreciation | 1,065,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2005 | |||
Depreciable Lives | 45 years | |||
Oakland Emeryville [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,927,000 | |||
Initial Cost - Building | 9,132,000 | |||
Initial Cost - FF&E | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 471,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 763,000 | |||
Gross Amount Carried - Land and Improvements | 4,035,000 | |||
Gross Amount Carried - Building and Improvements | 9,603,000 | |||
Gross Amount Carried - FF&E | 880,000 | |||
Total | 14,518,000 | |||
Accumulated Depreciation | 1,682,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
San Diego Oceanside [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,271,000 | |||
Initial Cost - Building | 5,999,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 482,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 728,000 | |||
Gross Amount Carried - Land and Improvements | 4,350,000 | |||
Gross Amount Carried - Building and Improvements | 6,481,000 | |||
Gross Amount Carried - FF&E | 771,000 | |||
Total | 11,602,000 | |||
Accumulated Depreciation | 1,130,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Los Angeles Ontario Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,639,000 | |||
Initial Cost - Building | 6,138,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 649,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 728,000 | |||
Gross Amount Carried - Land and Improvements | 1,714,000 | |||
Gross Amount Carried - Building and Improvements | 6,787,000 | |||
Gross Amount Carried - FF&E | 774,000 | |||
Total | 9,275,000 | |||
Accumulated Depreciation | 1,359,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Orange County Katella Ave [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,976,000 | |||
Initial Cost - Building | 5,704,000 | |||
Initial Cost - FF&E | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 644,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 689,000 | |||
Gross Amount Carried - Land and Improvements | 4,021,000 | |||
Gross Amount Carried - Building and Improvements | 6,348,000 | |||
Gross Amount Carried - FF&E | 763,000 | |||
Total | 11,132,000 | |||
Accumulated Depreciation | 1,326,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Palm Springs Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,955,000 | |||
Initial Cost - Building | 3,506,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 445,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 717,000 | |||
Gross Amount Carried - Land and Improvements | 2,039,000 | |||
Gross Amount Carried - Building and Improvements | 3,951,000 | |||
Gross Amount Carried - FF&E | 815,000 | |||
Total | 6,805,000 | |||
Accumulated Depreciation | 948,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Pleasant Hill Buskirk Ave [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,786,000 | |||
Initial Cost - Building | 7,754,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 434,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 705,000 | |||
Gross Amount Carried - Land and Improvements | 3,875,000 | |||
Gross Amount Carried - Building and Improvements | 8,188,000 | |||
Gross Amount Carried - FF&E | 749,000 | |||
Total | 12,812,000 | |||
Accumulated Depreciation | 1,457,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Pleasanton Chabot Dr [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,039,000 | |||
Initial Cost - Building | 5,910,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 646,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 830,000 | |||
Gross Amount Carried - Land and Improvements | 3,097,000 | |||
Gross Amount Carried - Building and Improvements | 6,556,000 | |||
Gross Amount Carried - FF&E | 885,000 | |||
Total | 10,538,000 | |||
Accumulated Depreciation | 1,419,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Sacramento Point East Dr [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,313,000 | |||
Initial Cost - Building | 577,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 14,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 319,000 | |||
Gross Amount Carried - Land and Improvements | 1,327,000 | |||
Gross Amount Carried - Building and Improvements | 687,000 | |||
Gross Amount Carried - FF&E | 364,000 | |||
Total | 2,378,000 | |||
Accumulated Depreciation | 365,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Sacramento White Rock Rd [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,301,000 | |||
Initial Cost - Building | 2,717,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 599,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 786,000 | |||
Gross Amount Carried - Land and Improvements | 1,380,000 | |||
Gross Amount Carried - Building and Improvements | 3,316,000 | |||
Gross Amount Carried - FF&E | 833,000 | |||
Total | 5,529,000 | |||
Accumulated Depreciation | 836,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Richmond Hilltop Mall [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,232,000 | |||
Initial Cost - Building | 4,124,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 263,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 612,000 | |||
Gross Amount Carried - Land and Improvements | 2,285,000 | |||
Gross Amount Carried - Building and Improvements | 4,387,000 | |||
Gross Amount Carried - FF&E | 663,000 | |||
Total | 7,335,000 | |||
Accumulated Depreciation | 970,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Sacramento Roseville [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,125,000 | |||
Initial Cost - Building | 5,233,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 494,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 750,000 | |||
Gross Amount Carried - Land and Improvements | 1,225,000 | |||
Gross Amount Carried - Building and Improvements | 5,727,000 | |||
Gross Amount Carried - FF&E | 795,000 | |||
Total | 7,747,000 | |||
Accumulated Depreciation | 989,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Sacramento Arden Way [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 888,000 | |||
Initial Cost - Building | 2,349,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 281,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 638,000 | |||
Gross Amount Carried - Land and Improvements | 1,025,000 | |||
Gross Amount Carried - Building and Improvements | 2,630,000 | |||
Gross Amount Carried - FF&E | 683,000 | |||
Total | 4,338,000 | |||
Accumulated Depreciation | 881,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Sacramento Northgate [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 932,000 | |||
Initial Cost - Building | 2,359,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 235,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 414,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 654,000 | |||
Gross Amount Carried - Land and Improvements | 1,167,000 | |||
Gross Amount Carried - Building and Improvements | 2,773,000 | |||
Gross Amount Carried - FF&E | 698,000 | |||
Total | 4,638,000 | |||
Accumulated Depreciation | 886,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Sacramento South Natomas [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,460,000 | |||
Initial Cost - Building | 823,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 700,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 955,000 | |||
Gross Amount Carried - Land and Improvements | 1,533,000 | |||
Gross Amount Carried - Building and Improvements | 1,523,000 | |||
Gross Amount Carried - FF&E | 1,006,000 | |||
Total | 4,062,000 | |||
Accumulated Depreciation | 589,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
San Francisco San Carlos [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,233,000 | |||
Initial Cost - Building | 5,299,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 486,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 809,000 | |||
Gross Amount Carried - Land and Improvements | 4,300,000 | |||
Gross Amount Carried - Building and Improvements | 5,785,000 | |||
Gross Amount Carried - FF&E | 858,000 | |||
Total | 10,943,000 | |||
Accumulated Depreciation | 1,297,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
San Diego Hotel Circle [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,893,000 | |||
Initial Cost - Building | 9,935,000 | |||
Initial Cost - FF&E | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 811,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,245,000 | |||
Gross Amount Carried - Land and Improvements | 7,010,000 | |||
Gross Amount Carried - Building and Improvements | 10,746,000 | |||
Gross Amount Carried - FF&E | 1,313,000 | |||
Total | 19,069,000 | |||
Accumulated Depreciation | 2,072,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
San Diego Mission Valley Stadium [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,978,000 | |||
Initial Cost - Building | 1,797,000 | |||
Initial Cost - FF&E | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 479,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 654,000 | |||
Gross Amount Carried - Land and Improvements | 7,011,000 | |||
Gross Amount Carried - Building and Improvements | 2,276,000 | |||
Gross Amount Carried - FF&E | 739,000 | |||
Total | 10,026,000 | |||
Accumulated Depreciation | 827,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
San Diego Mission Valley [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,371,000 | |||
Initial Cost - Building | 5,639,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 707,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,127,000 | |||
Gross Amount Carried - Land and Improvements | 5,474,000 | |||
Gross Amount Carried - Building and Improvements | 6,346,000 | |||
Gross Amount Carried - FF&E | 1,176,000 | |||
Total | 12,996,000 | |||
Accumulated Depreciation | 1,684,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Los Angeles San Dimas [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,736,000 | |||
Initial Cost - Building | 991,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 512,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 626,000 | |||
Gross Amount Carried - Land and Improvements | 4,783,000 | |||
Gross Amount Carried - Building and Improvements | 1,503,000 | |||
Gross Amount Carried - FF&E | 668,000 | |||
Total | 6,954,000 | |||
Accumulated Depreciation | 750,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
San Jose Airport [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 8,118,000 | |||
Initial Cost - Building | 5,912,000 | |||
Initial Cost - FF&E | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 778,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,061,000 | |||
Gross Amount Carried - Land and Improvements | 8,215,000 | |||
Gross Amount Carried - Building and Improvements | 6,690,000 | |||
Gross Amount Carried - FF&E | 1,136,000 | |||
Total | 16,041,000 | |||
Accumulated Depreciation | 1,625,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
San Jose Downtown [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,480,000 | |||
Initial Cost - Building | 6,070,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 762,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,042,000 | |||
Gross Amount Carried - Land and Improvements | 6,562,000 | |||
Gross Amount Carried - Building and Improvements | 6,832,000 | |||
Gross Amount Carried - FF&E | 1,095,000 | |||
Total | 14,489,000 | |||
Accumulated Depreciation | 1,632,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
San Jose Edenvale North [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,087,000 | |||
Initial Cost - Building | 3,649,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 26,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 471,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 674,000 | |||
Gross Amount Carried - Land and Improvements | 5,113,000 | |||
Gross Amount Carried - Building and Improvements | 4,120,000 | |||
Gross Amount Carried - FF&E | 730,000 | |||
Total | 9,963,000 | |||
Accumulated Depreciation | 1,050,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
San Jose Edenvale South [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,359,000 | |||
Initial Cost - Building | 3,832,000 | |||
Initial Cost - FF&E | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 476,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 832,000 | |||
Gross Amount Carried - Land and Improvements | 5,428,000 | |||
Gross Amount Carried - Building and Improvements | 4,308,000 | |||
Gross Amount Carried - FF&E | 915,000 | |||
Total | 10,651,000 | |||
Accumulated Depreciation | 962,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 41 years | |||
San Francisco San Mateo SFO [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 7,369,000 | |||
Initial Cost - Building | 6,704,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 538,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 893,000 | |||
Gross Amount Carried - Land and Improvements | 7,423,000 | |||
Gross Amount Carried - Building and Improvements | 7,242,000 | |||
Gross Amount Carried - FF&E | 943,000 | |||
Total | 15,608,000 | |||
Accumulated Depreciation | 1,660,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
San Rafael Francisco Blvd East [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,129,000 | |||
Initial Cost - Building | 13,822,000 | |||
Initial Cost - FF&E | 378,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 470,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 665,000 | |||
Gross Amount Carried - Land and Improvements | 3,197,000 | |||
Gross Amount Carried - Building and Improvements | 14,292,000 | |||
Gross Amount Carried - FF&E | 1,043,000 | |||
Total | 18,532,000 | |||
Accumulated Depreciation | 1,841,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2007 | |||
Depreciable Lives | 47 years | |||
San Ramon Bishop Ranch East [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,721,000 | |||
Initial Cost - Building | 5,226,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 405,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 683,000 | |||
Gross Amount Carried - Land and Improvements | 3,780,000 | |||
Gross Amount Carried - Building and Improvements | 5,631,000 | |||
Gross Amount Carried - FF&E | 742,000 | |||
Total | 10,153,000 | |||
Accumulated Depreciation | 1,218,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
San Ramon Bishop Ranch West [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,098,000 | |||
Initial Cost - Building | 2,886,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 558,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,041,000 | |||
Gross Amount Carried - Land and Improvements | 3,167,000 | |||
Gross Amount Carried - Building and Improvements | 3,444,000 | |||
Gross Amount Carried - FF&E | 1,096,000 | |||
Total | 7,707,000 | |||
Accumulated Depreciation | 1,212,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Santa Barbara Calle Real [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,301,000 | |||
Initial Cost - Building | 8,709,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 534,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 552,000 | |||
Gross Amount Carried - Land and Improvements | 3,393,000 | |||
Gross Amount Carried - Building and Improvements | 9,243,000 | |||
Gross Amount Carried - FF&E | 593,000 | |||
Total | 13,229,000 | |||
Accumulated Depreciation | 1,569,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Santa Rosa North [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,053,000 | |||
Initial Cost - Building | 6,086,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 270,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 501,000 | |||
Gross Amount Carried - Land and Improvements | 3,113,000 | |||
Gross Amount Carried - Building and Improvements | 6,356,000 | |||
Gross Amount Carried - FF&E | 547,000 | |||
Total | 10,016,000 | |||
Accumulated Depreciation | 1,075,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Santa Rosa South [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,592,000 | |||
Initial Cost - Building | 4,998,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 365,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 729,000 | |||
Gross Amount Carried - Land and Improvements | 1,635,000 | |||
Gross Amount Carried - Building and Improvements | 5,363,000 | |||
Gross Amount Carried - FF&E | 770,000 | |||
Total | 7,768,000 | |||
Accumulated Depreciation | 1,170,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Los Angeles Simi Valley [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,088,000 | |||
Initial Cost - Building | 7,175,000 | |||
Initial Cost - FF&E | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 481,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 635,000 | |||
Gross Amount Carried - Land and Improvements | 3,157,000 | |||
Gross Amount Carried - Building and Improvements | 7,656,000 | |||
Gross Amount Carried - FF&E | 748,000 | |||
Total | 11,561,000 | |||
Accumulated Depreciation | 1,394,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
San Diego Sorrento Mesa [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,441,000 | |||
Initial Cost - Building | 6,020,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 169,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 472,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 884,000 | |||
Gross Amount Carried - Land and Improvements | 6,610,000 | |||
Gross Amount Carried - Building and Improvements | 6,492,000 | |||
Gross Amount Carried - FF&E | 933,000 | |||
Total | 14,035,000 | |||
Accumulated Depreciation | 1,589,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Los Angeles Valencia [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 9,414,000 | |||
Initial Cost - FF&E | 20,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 519,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 637,000 | |||
Gross Amount Carried - Land and Improvements | 9,473,000 | |||
Gross Amount Carried - Building and Improvements | 519,000 | |||
Gross Amount Carried - FF&E | 657,000 | |||
Total | 10,649,000 | |||
Accumulated Depreciation | 522,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Los Angeles Valencia [Member] | Minimum [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Los Angeles Valencia [Member] | Maximum [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Stockton March Lane [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,299,000 | |||
Initial Cost - Building | 3,558,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 316,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 561,000 | |||
Gross Amount Carried - Land and Improvements | 2,405,000 | |||
Gross Amount Carried - Building and Improvements | 3,874,000 | |||
Gross Amount Carried - FF&E | 616,000 | |||
Total | 6,895,000 | |||
Accumulated Depreciation | 871,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
San Jose Sunnyvale [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,051,000 | |||
Initial Cost - Building | 5,019,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 591,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 947,000 | |||
Gross Amount Carried - Land and Improvements | 6,087,000 | |||
Gross Amount Carried - Building and Improvements | 5,610,000 | |||
Gross Amount Carried - FF&E | 997,000 | |||
Total | 12,694,000 | |||
Accumulated Depreciation | 1,472,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Temecula Wine Country [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,489,000 | |||
Initial Cost - Building | 8,153,000 | |||
Initial Cost - FF&E | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 478,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 758,000 | |||
Gross Amount Carried - Land and Improvements | 1,556,000 | |||
Gross Amount Carried - Building and Improvements | 8,631,000 | |||
Gross Amount Carried - FF&E | 837,000 | |||
Total | 11,024,000 | |||
Accumulated Depreciation | 1,537,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Los Angeles Torrance Del Amo Circle [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,953,000 | |||
Initial Cost - Building | 4,361,000 | |||
Initial Cost - FF&E | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 572,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,005,000 | |||
Gross Amount Carried - Land and Improvements | 6,026,000 | |||
Gross Amount Carried - Building and Improvements | 4,933,000 | |||
Gross Amount Carried - FF&E | 1,083,000 | |||
Total | 12,042,000 | |||
Accumulated Depreciation | 1,183,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Los Angeles Torrance [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,761,000 | |||
Initial Cost - Building | 6,296,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 683,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 699,000 | |||
Gross Amount Carried - Land and Improvements | 3,814,000 | |||
Gross Amount Carried - Building and Improvements | 6,979,000 | |||
Gross Amount Carried - FF&E | 742,000 | |||
Total | 11,535,000 | |||
Accumulated Depreciation | 1,378,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Los Angeles Torrance Harbor Gateway [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,625,000 | |||
Initial Cost - Building | 4,747,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 125,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 526,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 636,000 | |||
Gross Amount Carried - Land and Improvements | 4,750,000 | |||
Gross Amount Carried - Building and Improvements | 5,273,000 | |||
Gross Amount Carried - FF&E | 685,000 | |||
Total | 10,708,000 | |||
Accumulated Depreciation | 1,158,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Stockton Tracy [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,344,000 | |||
Initial Cost - Building | 3,434,000 | |||
Initial Cost - FF&E | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 294,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 578,000 | |||
Gross Amount Carried - Land and Improvements | 2,414,000 | |||
Gross Amount Carried - Building and Improvements | 3,728,000 | |||
Gross Amount Carried - FF&E | 674,000 | |||
Total | 6,816,000 | |||
Accumulated Depreciation | 870,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Union City Dyer St [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,907,000 | |||
Initial Cost - Building | 6,359,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 155,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 581,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 802,000 | |||
Gross Amount Carried - Land and Improvements | 3,062,000 | |||
Gross Amount Carried - Building and Improvements | 6,940,000 | |||
Gross Amount Carried - FF&E | 853,000 | |||
Total | 10,855,000 | |||
Accumulated Depreciation | 1,323,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Sacramento Vacaville [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 809,000 | |||
Initial Cost - Building | 3,179,000 | |||
Initial Cost - FF&E | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 423,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 617,000 | |||
Gross Amount Carried - Land and Improvements | 873,000 | |||
Gross Amount Carried - Building and Improvements | 3,602,000 | |||
Gross Amount Carried - FF&E | 693,000 | |||
Total | 5,168,000 | |||
Accumulated Depreciation | 695,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Sacramento West Sacramento [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,292,000 | |||
Initial Cost - Building | 3,395,000 | |||
Initial Cost - FF&E | 134,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 337,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 614,000 | |||
Gross Amount Carried - Land and Improvements | 1,350,000 | |||
Gross Amount Carried - Building and Improvements | 3,732,000 | |||
Gross Amount Carried - FF&E | 748,000 | |||
Total | 5,830,000 | |||
Accumulated Depreciation | 747,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Los Angeles Woodland Hills [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,452,000 | |||
Initial Cost - Building | 7,561,000 | |||
Initial Cost - FF&E | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 581,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 923,000 | |||
Gross Amount Carried - Land and Improvements | 5,505,000 | |||
Gross Amount Carried - Building and Improvements | 8,142,000 | |||
Gross Amount Carried - FF&E | 992,000 | |||
Total | 14,639,000 | |||
Accumulated Depreciation | 1,458,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Orange County Yorba Linda [Member] | CALIFORNIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,443,000 | |||
Initial Cost - Building | 2,020,000 | |||
Initial Cost - FF&E | 106,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 461,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 628,000 | |||
Gross Amount Carried - Land and Improvements | 3,494,000 | |||
Gross Amount Carried - Building and Improvements | 2,481,000 | |||
Gross Amount Carried - FF&E | 734,000 | |||
Total | 6,709,000 | |||
Accumulated Depreciation | 828,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Denver Airport Aurora [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,645,000 | |||
Initial Cost - Building | 917,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 12,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 174,000 | |||
Gross Amount Carried - Land and Improvements | 1,657,000 | |||
Gross Amount Carried - Building and Improvements | 1,002,000 | |||
Gross Amount Carried - FF&E | 217,000 | |||
Total | 2,876,000 | |||
Accumulated Depreciation | 318,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Denver Aurora [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,415,000 | |||
Initial Cost - Building | 2,958,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 336,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 460,000 | |||
Gross Amount Carried - Land and Improvements | 2,475,000 | |||
Gross Amount Carried - Building and Improvements | 3,294,000 | |||
Gross Amount Carried - FF&E | 508,000 | |||
Total | 6,277,000 | |||
Accumulated Depreciation | 664,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Denver Aurora [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,706,000 | |||
Initial Cost - Building | 6,047,000 | |||
Initial Cost - FF&E | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 856,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 847,000 | |||
Gross Amount Carried - Land and Improvements | 2,801,000 | |||
Gross Amount Carried - Building and Improvements | 6,903,000 | |||
Gross Amount Carried - FF&E | 912,000 | |||
Total | 10,616,000 | |||
Accumulated Depreciation | 1,033,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 39 years | |||
Colorado Springs Airport [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,134,000 | |||
Initial Cost - Building | 1,870,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 322,000 | |||
Gross Amount Carried - Land and Improvements | 2,201,000 | |||
Gross Amount Carried - Building and Improvements | 1,978,000 | |||
Gross Amount Carried - FF&E | 365,000 | |||
Total | 4,544,000 | |||
Accumulated Depreciation | 618,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Colorado Springs West [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,338,000 | |||
Initial Cost - Building | 1,325,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 112,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 248,000 | |||
Gross Amount Carried - Land and Improvements | 3,429,000 | |||
Gross Amount Carried - Building and Improvements | 1,437,000 | |||
Gross Amount Carried - FF&E | 289,000 | |||
Total | 5,155,000 | |||
Accumulated Depreciation | 391,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Denver Tech Center North [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,365,000 | |||
Initial Cost - Building | 649,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 860,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,169,000 | |||
Gross Amount Carried - Land and Improvements | 2,458,000 | |||
Gross Amount Carried - Building and Improvements | 1,509,000 | |||
Gross Amount Carried - FF&E | 1,218,000 | |||
Total | 5,185,000 | |||
Accumulated Depreciation | 627,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Denver Tech Center South [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,714,000 | |||
Initial Cost - Building | 978,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -47,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 238,000 | |||
Gross Amount Carried - Land and Improvements | 1,804,000 | |||
Gross Amount Carried - Building and Improvements | 931,000 | |||
Gross Amount Carried - FF&E | 284,000 | |||
Total | 3,019,000 | |||
Accumulated Depreciation | 339,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Denver Tech Center South Inverness [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,941,000 | |||
Initial Cost - Building | 1,340,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 140,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -116,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 349,000 | |||
Gross Amount Carried - Land and Improvements | 3,081,000 | |||
Gross Amount Carried - Building and Improvements | 1,224,000 | |||
Gross Amount Carried - FF&E | 395,000 | |||
Total | 4,700,000 | |||
Accumulated Depreciation | 466,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Denver Cherry Creek [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,619,000 | |||
Initial Cost - Building | 2,410,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 15,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 233,000 | |||
Gross Amount Carried - Land and Improvements | 1,634,000 | |||
Gross Amount Carried - Building and Improvements | 2,512,000 | |||
Gross Amount Carried - FF&E | 275,000 | |||
Total | 4,421,000 | |||
Accumulated Depreciation | 661,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Denver Cherry Creek [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,856,000 | |||
Initial Cost - Building | 2,713,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 670,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 799,000 | |||
Gross Amount Carried - Land and Improvements | 1,975,000 | |||
Gross Amount Carried - Building and Improvements | 3,383,000 | |||
Gross Amount Carried - FF&E | 839,000 | |||
Total | 6,197,000 | |||
Accumulated Depreciation | 749,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Denver Tech Center Central [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,392,000 | |||
Initial Cost - Building | 1,286,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 981,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,169,000 | |||
Gross Amount Carried - Land and Improvements | 2,482,000 | |||
Gross Amount Carried - Building and Improvements | 2,267,000 | |||
Gross Amount Carried - FF&E | 1,220,000 | |||
Total | 5,969,000 | |||
Accumulated Depreciation | 757,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 34 years | |||
Denver Tech Center South Greenwood Village [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,767,000 | |||
Initial Cost - Building | 2,278,000 | |||
Initial Cost - FF&E | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 116,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -34,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 317,000 | |||
Gross Amount Carried - Land and Improvements | 1,883,000 | |||
Gross Amount Carried - Building and Improvements | 2,244,000 | |||
Gross Amount Carried - FF&E | 427,000 | |||
Total | 4,554,000 | |||
Accumulated Depreciation | 561,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 44 years | |||
Denver Lakewood South [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,338,000 | |||
Initial Cost - Building | 3,348,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 540,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 781,000 | |||
Gross Amount Carried - Land and Improvements | 2,398,000 | |||
Gross Amount Carried - Building and Improvements | 3,888,000 | |||
Gross Amount Carried - FF&E | 824,000 | |||
Total | 7,110,000 | |||
Accumulated Depreciation | 856,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Denver Lakewood West [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,939,000 | |||
Initial Cost - Building | 1,031,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 409,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 420,000 | |||
Gross Amount Carried - Land and Improvements | 2,018,000 | |||
Gross Amount Carried - Building and Improvements | 1,440,000 | |||
Gross Amount Carried - FF&E | 466,000 | |||
Total | 3,924,000 | |||
Accumulated Depreciation | 439,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Denver Park Meadows [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,578,000 | |||
Initial Cost - Building | 3,467,000 | |||
Initial Cost - FF&E | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 454,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 709,000 | |||
Gross Amount Carried - Land and Improvements | 1,677,000 | |||
Gross Amount Carried - Building and Improvements | 3,921,000 | |||
Gross Amount Carried - FF&E | 787,000 | |||
Total | 6,385,000 | |||
Accumulated Depreciation | 777,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Denver Thornton [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,874,000 | |||
Initial Cost - Building | 1,238,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 20,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 124,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 413,000 | |||
Gross Amount Carried - Land and Improvements | 1,894,000 | |||
Gross Amount Carried - Building and Improvements | 1,362,000 | |||
Gross Amount Carried - FF&E | 459,000 | |||
Total | 3,715,000 | |||
Accumulated Depreciation | 530,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 24 years | |||
Denver Westminster [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,779,000 | |||
Initial Cost - Building | 4,683,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 127,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 459,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 667,000 | |||
Gross Amount Carried - Land and Improvements | 2,906,000 | |||
Gross Amount Carried - Building and Improvements | 5,142,000 | |||
Gross Amount Carried - FF&E | 716,000 | |||
Total | 8,764,000 | |||
Accumulated Depreciation | 905,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Hartford Farmington [Member] | COLORADO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,080,000 | |||
Initial Cost - Building | 6,003,000 | |||
Initial Cost - FF&E | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 151,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 342,000 | |||
Gross Amount Carried - Land and Improvements | 1,150,000 | |||
Gross Amount Carried - Building and Improvements | 6,154,000 | |||
Gross Amount Carried - FF&E | 407,000 | |||
Total | 7,711,000 | |||
Accumulated Depreciation | 938,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Hartford Manchester [Member] | CONNECTICUT | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,002,000 | |||
Initial Cost - Building | 6,723,000 | |||
Initial Cost - FF&E | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 527,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 692,000 | |||
Gross Amount Carried - Land and Improvements | 1,060,000 | |||
Gross Amount Carried - Building and Improvements | 7,250,000 | |||
Gross Amount Carried - FF&E | 759,000 | |||
Total | 9,069,000 | |||
Accumulated Depreciation | 1,291,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Hartford Meriden [Member] | CONNECTICUT | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 687,000 | |||
Initial Cost - Building | 6,207,000 | |||
Initial Cost - FF&E | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 414,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 710,000 | |||
Gross Amount Carried - Land and Improvements | 754,000 | |||
Gross Amount Carried - Building and Improvements | 6,621,000 | |||
Gross Amount Carried - FF&E | 791,000 | |||
Total | 8,166,000 | |||
Accumulated Depreciation | 1,244,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Norwalk Stamford [Member] | CONNECTICUT | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,866,000 | |||
Initial Cost - Building | 12,533,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 758,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,011,000 | |||
Gross Amount Carried - Land and Improvements | 2,940,000 | |||
Gross Amount Carried - Building and Improvements | 13,291,000 | |||
Gross Amount Carried - FF&E | 1,075,000 | |||
Total | 17,306,000 | |||
Accumulated Depreciation | 2,311,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Shelton Fairfield County [Member] | CONNECTICUT | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,001,000 | |||
Initial Cost - Building | 11,314,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 850,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,049,000 | |||
Gross Amount Carried - Land and Improvements | 2,065,000 | |||
Gross Amount Carried - Building and Improvements | 12,164,000 | |||
Gross Amount Carried - FF&E | 1,109,000 | |||
Total | 15,338,000 | |||
Accumulated Depreciation | 2,193,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Ottawa [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 993,000 | |||
Initial Cost - Building | 34,014,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -4,799,000 | |||
Gross Amount Carried - Land and Improvements | 1,040,000 | |||
Gross Amount Carried - Building and Improvements | 29,215,000 | |||
Total | 30,255,000 | |||
Accumulated Depreciation | 3,105,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1959 | |||
Depreciable Lives | 49 years | |||
St John's Downtown [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 672,000 | |||
Initial Cost - Building | 9,636,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 7,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -796,000 | |||
Gross Amount Carried - Land and Improvements | 679,000 | |||
Gross Amount Carried - Building and Improvements | 8,840,000 | |||
Total | 9,519,000 | |||
Accumulated Depreciation | 1,216,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1966 | |||
Depreciable Lives | 44 years | |||
Toronto Vaughan [Member] | Canada [Member] | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 11,047,000 | |||
Initial Cost - Building | 16,011,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | -1,298,000 | |||
Gross Amount Carried - Land and Improvements | 11,189,000 | |||
Gross Amount Carried - Building and Improvements | 14,713,000 | |||
Total | 25,902,000 | |||
Accumulated Depreciation | 2,903,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 30 years | |||
Newark Christiana Wilmington [Member] | DELAWARE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,473,000 | |||
Initial Cost - Building | 7,617,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 717,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 918,000 | |||
Gross Amount Carried - Land and Improvements | 1,581,000 | |||
Gross Amount Carried - Building and Improvements | 8,334,000 | |||
Gross Amount Carried - FF&E | 979,000 | |||
Total | 10,894,000 | |||
Accumulated Depreciation | 1,417,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Orlando Altamonte Springs [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,421,000 | |||
Initial Cost - FF&E | 25,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 191,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 319,000 | |||
Gross Amount Carried - Land and Improvements | 5,500,000 | |||
Gross Amount Carried - Building and Improvements | 191,000 | |||
Gross Amount Carried - FF&E | 344,000 | |||
Total | 6,035,000 | |||
Accumulated Depreciation | 251,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Orlando Altamonte Springs [Member] | Minimum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Orlando Altamonte Springs [Member] | Maximum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Boca Raton Commerce [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,920,000 | |||
Initial Cost - Building | 3,219,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 926,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 901,000 | |||
Gross Amount Carried - Land and Improvements | 5,987,000 | |||
Gross Amount Carried - Building and Improvements | 4,145,000 | |||
Gross Amount Carried - FF&E | 957,000 | |||
Total | 11,089,000 | |||
Accumulated Depreciation | 936,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Tampa Brandon [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,709,000 | |||
Initial Cost - Building | 3,540,000 | |||
Initial Cost - FF&E | 696,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 186,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 657,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 517,000 | |||
Gross Amount Carried - Land and Improvements | 3,895,000 | |||
Gross Amount Carried - Building and Improvements | 4,197,000 | |||
Gross Amount Carried - FF&E | 1,213,000 | |||
Total | 9,305,000 | |||
Accumulated Depreciation | 852,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 26 years | |||
St Petersburg Clearwater Airport [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,951,000 | |||
Initial Cost - Building | 3,062,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 526,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 609,000 | |||
Gross Amount Carried - Land and Improvements | 2,017,000 | |||
Gross Amount Carried - Building and Improvements | 3,588,000 | |||
Gross Amount Carried - FF&E | 648,000 | |||
Total | 6,253,000 | |||
Accumulated Depreciation | 917,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
St Petersburg Clearwater [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,679,000 | |||
Initial Cost - Building | 2,926,000 | |||
Initial Cost - FF&E | 489,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 116,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 592,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 409,000 | |||
Gross Amount Carried - Land and Improvements | 1,795,000 | |||
Gross Amount Carried - Building and Improvements | 3,518,000 | |||
Gross Amount Carried - FF&E | 898,000 | |||
Total | 6,211,000 | |||
Accumulated Depreciation | 713,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 22 years | |||
Fort Lauderdale Plantation [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,014,000 | |||
Initial Cost - Building | 3,117,000 | |||
Initial Cost - FF&E | 492,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 121,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 254,000 | |||
Gross Amount Carried - Land and Improvements | 5,127,000 | |||
Gross Amount Carried - Building and Improvements | 3,238,000 | |||
Gross Amount Carried - FF&E | 746,000 | |||
Total | 9,111,000 | |||
Accumulated Depreciation | 634,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 23 years | |||
Daytona Beach International Speedway [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 987,000 | |||
Initial Cost - Building | 3,972,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 227,000 | |||
Gross Amount Carried - Land and Improvements | 1,057,000 | |||
Gross Amount Carried - Building and Improvements | 4,045,000 | |||
Gross Amount Carried - FF&E | 272,000 | |||
Total | 5,374,000 | |||
Accumulated Depreciation | 646,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Fort Lauderdale Deerfield Beach [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,885,000 | |||
Initial Cost - Building | 3,421,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 476,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 593,000 | |||
Gross Amount Carried - Land and Improvements | 2,963,000 | |||
Gross Amount Carried - Building and Improvements | 3,897,000 | |||
Gross Amount Carried - FF&E | 631,000 | |||
Total | 7,491,000 | |||
Accumulated Depreciation | 903,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Destin US Nine Eight Emerald Coast Pkwy [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,149,000 | |||
Initial Cost - Building | 2,528,000 | |||
Initial Cost - FF&E | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,237,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 530,000 | |||
Gross Amount Carried - Land and Improvements | 1,236,000 | |||
Gross Amount Carried - Building and Improvements | 3,765,000 | |||
Gross Amount Carried - FF&E | 626,000 | |||
Total | 5,627,000 | |||
Accumulated Depreciation | 794,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 48 years | |||
Fort Lauderdale Commercial Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,465,000 | |||
Initial Cost - Building | 997,000 | |||
Initial Cost - FF&E | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 25,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 129,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 367,000 | |||
Gross Amount Carried - Land and Improvements | 2,490,000 | |||
Gross Amount Carried - Building and Improvements | 1,126,000 | |||
Gross Amount Carried - FF&E | 421,000 | |||
Total | 4,037,000 | |||
Accumulated Depreciation | 486,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 24 years | |||
Fort Lauderdale Cruiseport Airport [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,441,000 | |||
Initial Cost - Building | 7,008,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 631,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 790,000 | |||
Gross Amount Carried - Land and Improvements | 3,511,000 | |||
Gross Amount Carried - Building and Improvements | 7,639,000 | |||
Gross Amount Carried - FF&E | 861,000 | |||
Total | 12,011,000 | |||
Accumulated Depreciation | 1,400,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Fort Lauderdale Cypress Creek Andrews Ave [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,761,000 | |||
Initial Cost - Building | 2,685,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 177,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 392,000 | |||
Gross Amount Carried - Land and Improvements | 2,849,000 | |||
Gross Amount Carried - Building and Improvements | 2,862,000 | |||
Gross Amount Carried - FF&E | 433,000 | |||
Total | 6,144,000 | |||
Accumulated Depreciation | 685,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Fort Lauderdale Cypress Creek NW Sixth Way [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,480,000 | |||
Initial Cost - Building | 751,000 | |||
Initial Cost - FF&E | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 395,000 | |||
Gross Amount Carried - Land and Improvements | 2,541,000 | |||
Gross Amount Carried - Building and Improvements | 842,000 | |||
Gross Amount Carried - FF&E | 457,000 | |||
Total | 3,840,000 | |||
Accumulated Depreciation | 402,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 42 years | |||
Fort Lauderdale Plantation [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,352,000 | |||
Initial Cost - Building | 2,252,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 424,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 585,000 | |||
Gross Amount Carried - Land and Improvements | 6,397,000 | |||
Gross Amount Carried - Building and Improvements | 2,676,000 | |||
Gross Amount Carried - FF&E | 646,000 | |||
Total | 9,719,000 | |||
Accumulated Depreciation | 765,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Gainesville I Seven Five [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 846,000 | |||
Initial Cost - Building | 6,416,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 277,000 | |||
Gross Amount Carried - Land and Improvements | 891,000 | |||
Gross Amount Carried - Building and Improvements | 6,509,000 | |||
Gross Amount Carried - FF&E | 321,000 | |||
Total | 7,721,000 | |||
Accumulated Depreciation | 1,109,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Jacksonville Baymeadows [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,163,000 | |||
Initial Cost - Building | 2,662,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 139,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 426,000 | |||
Gross Amount Carried - Land and Improvements | 1,251,000 | |||
Gross Amount Carried - Building and Improvements | 2,801,000 | |||
Gross Amount Carried - FF&E | 474,000 | |||
Total | 4,526,000 | |||
Accumulated Depreciation | 664,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Jacksonville Butler Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 969,000 | |||
Initial Cost - Building | 1,057,000 | |||
Initial Cost - FF&E | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 389,000 | |||
Gross Amount Carried - Land and Improvements | 1,027,000 | |||
Gross Amount Carried - Building and Improvements | 1,137,000 | |||
Gross Amount Carried - FF&E | 452,000 | |||
Total | 2,616,000 | |||
Accumulated Depreciation | 438,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Jacksonville Deerwood Park [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 943,000 | |||
Initial Cost - Building | 3,910,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 187,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 396,000 | |||
Gross Amount Carried - Land and Improvements | 1,022,000 | |||
Gross Amount Carried - Building and Improvements | 4,097,000 | |||
Gross Amount Carried - FF&E | 462,000 | |||
Total | 5,581,000 | |||
Accumulated Depreciation | 746,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Jacksonville Lenoir Avenue South [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 842,000 | |||
Initial Cost - Building | 1,862,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 228,000 | |||
Gross Amount Carried - Land and Improvements | 894,000 | |||
Gross Amount Carried - Building and Improvements | 1,916,000 | |||
Gross Amount Carried - FF&E | 275,000 | |||
Total | 3,085,000 | |||
Accumulated Depreciation | 444,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 44 years | |||
Jacksonville Riverwalk [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 593,000 | |||
Initial Cost - Building | 3,693,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 479,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 734,000 | |||
Gross Amount Carried - Land and Improvements | 678,000 | |||
Gross Amount Carried - Building and Improvements | 4,172,000 | |||
Gross Amount Carried - FF&E | 786,000 | |||
Total | 5,636,000 | |||
Accumulated Depreciation | 981,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Jacksonville Salisbury Rd Southpoint [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 727,000 | |||
Initial Cost - Building | 720,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,524,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 476,000 | |||
Gross Amount Carried - Land and Improvements | 831,000 | |||
Gross Amount Carried - Building and Improvements | 2,244,000 | |||
Gross Amount Carried - FF&E | 528,000 | |||
Total | 3,603,000 | |||
Accumulated Depreciation | 651,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Jacksonville Southside St Johns Towne Center [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 925,000 | |||
Initial Cost - Building | 2,679,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 271,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 532,000 | |||
Gross Amount Carried - Land and Improvements | 997,000 | |||
Gross Amount Carried - Building and Improvements | 2,950,000 | |||
Gross Amount Carried - FF&E | 579,000 | |||
Total | 4,526,000 | |||
Accumulated Depreciation | 736,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,229,000 | |||
Initial Cost - FF&E | 19,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 314,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 546,000 | |||
Gross Amount Carried - Land and Improvements | 2,270,000 | |||
Gross Amount Carried - Building and Improvements | 314,000 | |||
Gross Amount Carried - FF&E | 565,000 | |||
Total | 3,149,000 | |||
Accumulated Depreciation | 471,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | Minimum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | Maximum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,685,000 | |||
Initial Cost - FF&E | 25,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 261,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 355,000 | |||
Gross Amount Carried - Land and Improvements | 2,734,000 | |||
Gross Amount Carried - Building and Improvements | 261,000 | |||
Gross Amount Carried - FF&E | 380,000 | |||
Total | 3,375,000 | |||
Accumulated Depreciation | 224,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | Minimum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | Maximum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Melbourne Airport [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,423,000 | |||
Initial Cost - Building | 4,160,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 306,000 | |||
Gross Amount Carried - Land and Improvements | 1,473,000 | |||
Gross Amount Carried - Building and Improvements | 4,209,000 | |||
Gross Amount Carried - FF&E | 359,000 | |||
Total | 6,041,000 | |||
Accumulated Depreciation | 746,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Miami Airport Blue Lagoon [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 9,702,000 | |||
Initial Cost - Building | 4,910,000 | |||
Initial Cost - FF&E | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 843,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,132,000 | |||
Gross Amount Carried - Land and Improvements | 9,770,000 | |||
Gross Amount Carried - Building and Improvements | 5,753,000 | |||
Gross Amount Carried - FF&E | 1,202,000 | |||
Total | 16,725,000 | |||
Accumulated Depreciation | 1,427,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Miami Airport Doral [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 10,164,000 | |||
Initial Cost - Building | 4,188,000 | |||
Initial Cost - FF&E | 1,131,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 240,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,185,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 403,000 | |||
Gross Amount Carried - Land and Improvements | 10,404,000 | |||
Gross Amount Carried - Building and Improvements | 5,373,000 | |||
Gross Amount Carried - FF&E | 1,534,000 | |||
Total | 17,311,000 | |||
Accumulated Depreciation | 1,137,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 26 years | |||
Miami Airport Doral Eighty Seventh Avenue South [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,451,000 | |||
Initial Cost - Building | 7,542,000 | |||
Initial Cost - FF&E | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 622,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 738,000 | |||
Gross Amount Carried - Land and Improvements | 4,504,000 | |||
Gross Amount Carried - Building and Improvements | 8,164,000 | |||
Gross Amount Carried - FF&E | 830,000 | |||
Total | 13,498,000 | |||
Accumulated Depreciation | 1,426,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Miami Airport Doral Twenty Fifth Street [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,135,000 | |||
Initial Cost - Building | 5,307,000 | |||
Initial Cost - FF&E | 125,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 569,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 922,000 | |||
Gross Amount Carried - Land and Improvements | 4,183,000 | |||
Gross Amount Carried - Building and Improvements | 5,876,000 | |||
Gross Amount Carried - FF&E | 1,047,000 | |||
Total | 11,106,000 | |||
Accumulated Depreciation | 1,203,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Miami Airport Miami Springs [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 8,014,000 | |||
Initial Cost - Building | 3,657,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,976,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 770,000 | |||
Gross Amount Carried - Land and Improvements | 8,096,000 | |||
Gross Amount Carried - Building and Improvements | 5,633,000 | |||
Gross Amount Carried - FF&E | 841,000 | |||
Total | 14,570,000 | |||
Accumulated Depreciation | 1,242,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Miami Brickell Port of Miami [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,323,000 | |||
Initial Cost - Building | 7,312,000 | |||
Initial Cost - FF&E | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 675,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 738,000 | |||
Gross Amount Carried - Land and Improvements | 3,401,000 | |||
Gross Amount Carried - Building and Improvements | 7,987,000 | |||
Gross Amount Carried - FF&E | 823,000 | |||
Total | 12,211,000 | |||
Accumulated Depreciation | 1,382,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Miami Coral Gables [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,866,000 | |||
Initial Cost - Building | 7,211,000 | |||
Initial Cost - FF&E | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 583,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 711,000 | |||
Gross Amount Carried - Land and Improvements | 2,935,000 | |||
Gross Amount Carried - Building and Improvements | 7,794,000 | |||
Gross Amount Carried - FF&E | 787,000 | |||
Total | 11,516,000 | |||
Accumulated Depreciation | 1,380,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Orlando Convention Center Six Four Four Three Westwood [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,472,000 | |||
Initial Cost - Building | 2,071,000 | |||
Initial Cost - FF&E | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 575,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 934,000 | |||
Gross Amount Carried - Land and Improvements | 2,580,000 | |||
Gross Amount Carried - Building and Improvements | 2,646,000 | |||
Gross Amount Carried - FF&E | 1,002,000 | |||
Total | 6,228,000 | |||
Accumulated Depreciation | 729,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 43 years | |||
Orlando Convention Center Pointe Orlando [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,326,000 | |||
Initial Cost - Building | 3,097,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 131,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 799,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,427,000 | |||
Gross Amount Carried - Land and Improvements | 3,457,000 | |||
Gross Amount Carried - Building and Improvements | 3,896,000 | |||
Gross Amount Carried - FF&E | 1,485,000 | |||
Total | 8,838,000 | |||
Accumulated Depreciation | 1,072,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Orlando Convention Center Westwood Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,767,000 | |||
Initial Cost - Building | 1,466,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 654,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 816,000 | |||
Gross Amount Carried - Land and Improvements | 2,856,000 | |||
Gross Amount Carried - Building and Improvements | 2,120,000 | |||
Gross Amount Carried - FF&E | 859,000 | |||
Total | 5,835,000 | |||
Accumulated Depreciation | 677,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Orlando Lake Buena Vista [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,137,000 | |||
Initial Cost - FF&E | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 128,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 831,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,419,000 | |||
Gross Amount Carried - Land and Improvements | 4,265,000 | |||
Gross Amount Carried - Building and Improvements | 831,000 | |||
Gross Amount Carried - FF&E | 1,449,000 | |||
Total | 6,545,000 | |||
Accumulated Depreciation | 671,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Orlando Lake Buena Vista [Member] | Minimum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Orlando Lake Buena Vista [Member] | Maximum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Orlando Maitland One Seven Seven Six Pembrook Dr [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,103,000 | |||
Initial Cost - Building | 807,000 | |||
Initial Cost - FF&E | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 247,000 | |||
Gross Amount Carried - Land and Improvements | 2,158,000 | |||
Gross Amount Carried - Building and Improvements | 916,000 | |||
Gross Amount Carried - FF&E | 321,000 | |||
Total | 3,395,000 | |||
Accumulated Depreciation | 369,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 45 years | |||
Orlando Maitland Summit Tower Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,577,000 | |||
Initial Cost - FF&E | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 187,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 459,000 | |||
Gross Amount Carried - Land and Improvements | 3,636,000 | |||
Gross Amount Carried - Building and Improvements | 187,000 | |||
Gross Amount Carried - FF&E | 524,000 | |||
Total | 4,347,000 | |||
Accumulated Depreciation | 373,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Orlando Maitland Summit Tower Blvd [Member] | Minimum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Orlando Maitland Summit Tower Blvd [Member] | Maximum [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Orlando Maitland One Seven Six Zero Pembrook Dr [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,133,000 | |||
Initial Cost - Building | 1,347,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 288,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 611,000 | |||
Gross Amount Carried - Land and Improvements | 2,171,000 | |||
Gross Amount Carried - Building and Improvements | 1,635,000 | |||
Gross Amount Carried - FF&E | 652,000 | |||
Total | 4,458,000 | |||
Accumulated Depreciation | 715,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Orlando Southpark Commodity Circle [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,483,000 | |||
Initial Cost - Building | 2,051,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 207,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 477,000 | |||
Gross Amount Carried - Land and Improvements | 3,561,000 | |||
Gross Amount Carried - Building and Improvements | 2,258,000 | |||
Gross Amount Carried - FF&E | 541,000 | |||
Total | 6,360,000 | |||
Accumulated Depreciation | 652,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Orlando Southpark Equity Row [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,854,000 | |||
Initial Cost - Building | 432,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 173,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 344,000 | |||
Gross Amount Carried - Land and Improvements | 2,912,000 | |||
Gross Amount Carried - Building and Improvements | 605,000 | |||
Gross Amount Carried - FF&E | 393,000 | |||
Total | 3,910,000 | |||
Accumulated Depreciation | 406,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Orlando UCF Area [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,677,000 | |||
Initial Cost - FF&E | 23,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 297,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 224,000 | |||
Gross Amount Carried - Land and Improvements | 2,717,000 | |||
Gross Amount Carried - Building and Improvements | 297,000 | |||
Gross Amount Carried - FF&E | 247,000 | |||
Total | 3,261,000 | |||
Accumulated Depreciation | 165,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 20 years | |||
Orlando Universal Studios [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,813,000 | |||
Initial Cost - Building | 2,874,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 454,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 905,000 | |||
Gross Amount Carried - Land and Improvements | 2,931,000 | |||
Gross Amount Carried - Building and Improvements | 3,328,000 | |||
Gross Amount Carried - FF&E | 971,000 | |||
Total | 7,230,000 | |||
Accumulated Depreciation | 829,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 42 years | |||
Orlando Universal Studios [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,349,000 | |||
Initial Cost - Building | 3,190,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 644,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 777,000 | |||
Gross Amount Carried - Land and Improvements | 3,453,000 | |||
Gross Amount Carried - Building and Improvements | 3,834,000 | |||
Gross Amount Carried - FF&E | 829,000 | |||
Total | 8,116,000 | |||
Accumulated Depreciation | 909,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Pensacola University Mall [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 934,000 | |||
Initial Cost - Building | 4,059,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 204,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 242,000 | |||
Gross Amount Carried - Land and Improvements | 990,000 | |||
Gross Amount Carried - Building and Improvements | 4,263,000 | |||
Gross Amount Carried - FF&E | 280,000 | |||
Total | 5,533,000 | |||
Accumulated Depreciation | 752,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Fort Lauderdale Cypress Creek Park North [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,567,000 | |||
Initial Cost - Building | 2,828,000 | |||
Initial Cost - FF&E | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,525,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,237,000 | |||
Gross Amount Carried - Land and Improvements | 3,648,000 | |||
Gross Amount Carried - Building and Improvements | 4,353,000 | |||
Gross Amount Carried - FF&E | 1,302,000 | |||
Total | 9,303,000 | |||
Accumulated Depreciation | 1,127,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Tallahassee Killearn [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 356,000 | |||
Initial Cost - Building | 1,769,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 254,000 | |||
Gross Amount Carried - Land and Improvements | 433,000 | |||
Gross Amount Carried - Building and Improvements | 1,842,000 | |||
Gross Amount Carried - FF&E | 283,000 | |||
Total | 2,558,000 | |||
Accumulated Depreciation | 468,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 28 years | |||
Fort Lauderdale Tamarac [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,709,000 | |||
Initial Cost - Building | 3,054,000 | |||
Initial Cost - FF&E | 712,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 147,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 579,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 238,000 | |||
Gross Amount Carried - Land and Improvements | 3,856,000 | |||
Gross Amount Carried - Building and Improvements | 3,633,000 | |||
Gross Amount Carried - FF&E | 950,000 | |||
Total | 8,439,000 | |||
Accumulated Depreciation | 832,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 21 years | |||
Tampa Airport Memorial Hwy [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,513,000 | |||
Initial Cost - Building | 1,342,000 | |||
Initial Cost - FF&E | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 480,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 815,000 | |||
Gross Amount Carried - Land and Improvements | 2,628,000 | |||
Gross Amount Carried - Building and Improvements | 1,822,000 | |||
Gross Amount Carried - FF&E | 884,000 | |||
Total | 5,334,000 | |||
Accumulated Depreciation | 652,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 42 years | |||
Tampa Airport - N Westshore Blvd [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,564,000 | |||
Initial Cost - Building | 3,918,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 803,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,043,000 | |||
Gross Amount Carried - Land and Improvements | 2,614,000 | |||
Gross Amount Carried - Building and Improvements | 4,721,000 | |||
Gross Amount Carried - FF&E | 1,107,000 | |||
Total | 8,442,000 | |||
Accumulated Depreciation | 1,056,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Tampa Airport Spruce Street [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,437,000 | |||
Initial Cost - Building | 3,066,000 | |||
Initial Cost - FF&E | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 366,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 552,000 | |||
Gross Amount Carried - Land and Improvements | 2,504,000 | |||
Gross Amount Carried - Building and Improvements | 3,432,000 | |||
Gross Amount Carried - FF&E | 654,000 | |||
Total | 6,590,000 | |||
Accumulated Depreciation | 847,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Tampa North USF Attractions [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,028,000 | |||
Initial Cost - Building | 845,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 445,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 578,000 | |||
Gross Amount Carried - Land and Improvements | 2,086,000 | |||
Gross Amount Carried - Building and Improvements | 1,290,000 | |||
Gross Amount Carried - FF&E | 615,000 | |||
Total | 3,991,000 | |||
Accumulated Depreciation | 592,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Tampa North Airport [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,294,000 | |||
Initial Cost - Building | 2,236,000 | |||
Initial Cost - FF&E | 490,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 122,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 200,000 | |||
Gross Amount Carried - Land and Improvements | 1,416,000 | |||
Gross Amount Carried - Building and Improvements | 2,337,000 | |||
Gross Amount Carried - FF&E | 690,000 | |||
Total | 4,443,000 | |||
Accumulated Depreciation | 568,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 20 years | |||
West Palm Beach Northpoint Corporate Park [Member] | FLORIDA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,723,000 | |||
Initial Cost - Building | 3,326,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 289,000 | |||
Gross Amount Carried - Land and Improvements | 2,795,000 | |||
Gross Amount Carried - Building and Improvements | 3,409,000 | |||
Gross Amount Carried - FF&E | 338,000 | |||
Total | 6,542,000 | |||
Accumulated Depreciation | 635,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Atlanta Alpharetta Northpoint East [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 717,000 | |||
Initial Cost - Building | 591,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 273,000 | |||
Gross Amount Carried - Land and Improvements | 767,000 | |||
Gross Amount Carried - Building and Improvements | 688,000 | |||
Gross Amount Carried - FF&E | 315,000 | |||
Total | 1,770,000 | |||
Accumulated Depreciation | 304,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Atlanta Alpharetta Northpoint West [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,218,000 | |||
Initial Cost - Building | 1,673,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 152,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 661,000 | |||
Gross Amount Carried - Land and Improvements | 1,281,000 | |||
Gross Amount Carried - Building and Improvements | 1,825,000 | |||
Gross Amount Carried - FF&E | 719,000 | |||
Total | 3,825,000 | |||
Accumulated Depreciation | 470,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 42 years | |||
Atlanta Alpharetta Rock Mill Rd [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,391,000 | |||
Initial Cost - Building | 1,101,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 347,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 568,000 | |||
Gross Amount Carried - Land and Improvements | 1,438,000 | |||
Gross Amount Carried - Building and Improvements | 1,448,000 | |||
Gross Amount Carried - FF&E | 608,000 | |||
Total | 3,494,000 | |||
Accumulated Depreciation | 719,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Atlanta Clairmont [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,142,000 | |||
Initial Cost - Building | 3,284,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 465,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 676,000 | |||
Gross Amount Carried - Land and Improvements | 1,199,000 | |||
Gross Amount Carried - Building and Improvements | 3,749,000 | |||
Gross Amount Carried - FF&E | 716,000 | |||
Total | 5,664,000 | |||
Accumulated Depreciation | 685,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Atlanta Lenox [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,183,000 | |||
Initial Cost - Building | 4,086,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 370,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 705,000 | |||
Gross Amount Carried - Land and Improvements | 1,242,000 | |||
Gross Amount Carried - Building and Improvements | 4,456,000 | |||
Gross Amount Carried - FF&E | 747,000 | |||
Total | 6,445,000 | |||
Accumulated Depreciation | 730,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Atlanta Marietta Interstate N Pkwy [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,766,000 | |||
Initial Cost - Building | 3,023,000 | |||
Initial Cost - FF&E | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 136,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 302,000 | |||
Gross Amount Carried - Land and Improvements | 1,811,000 | |||
Gross Amount Carried - Building and Improvements | 3,159,000 | |||
Gross Amount Carried - FF&E | 374,000 | |||
Total | 5,344,000 | |||
Accumulated Depreciation | 629,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 41 years | |||
Atlanta Marietta Wildwood [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 852,000 | |||
Initial Cost - Building | 2,881,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 357,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 680,000 | |||
Gross Amount Carried - Land and Improvements | 914,000 | |||
Gross Amount Carried - Building and Improvements | 3,238,000 | |||
Gross Amount Carried - FF&E | 720,000 | |||
Total | 4,872,000 | |||
Accumulated Depreciation | 605,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Atlanta Perimeter [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,921,000 | |||
Initial Cost - Building | 3,398,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 182,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 134,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 480,000 | |||
Gross Amount Carried - Land and Improvements | 2,103,000 | |||
Gross Amount Carried - Building and Improvements | 3,532,000 | |||
Gross Amount Carried - FF&E | 525,000 | |||
Total | 6,160,000 | |||
Accumulated Depreciation | 775,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Atlanta Perimeter Crestline [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,562,000 | |||
Initial Cost - Building | 1,581,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 165,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 527,000 | |||
Gross Amount Carried - Land and Improvements | 1,630,000 | |||
Gross Amount Carried - Building and Improvements | 1,746,000 | |||
Gross Amount Carried - FF&E | 573,000 | |||
Total | 3,949,000 | |||
Accumulated Depreciation | 465,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Atlanta Perimeter Peachtree Dunwoody [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,203,000 | |||
Initial Cost - Building | 2,928,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 166,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 539,000 | |||
Gross Amount Carried - Land and Improvements | 1,299,000 | |||
Gross Amount Carried - Building and Improvements | 3,094,000 | |||
Gross Amount Carried - FF&E | 583,000 | |||
Total | 4,976,000 | |||
Accumulated Depreciation | 601,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Atlanta Vinings [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,924,000 | |||
Initial Cost - Building | 5,785,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 294,000 | |||
Gross Amount Carried - Land and Improvements | 1,983,000 | |||
Gross Amount Carried - Building and Improvements | 5,923,000 | |||
Gross Amount Carried - FF&E | 351,000 | |||
Total | 8,257,000 | |||
Accumulated Depreciation | 866,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 40 years | |||
Columbus Airport [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 967,000 | |||
Initial Cost - Building | 4,566,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 289,000 | |||
Gross Amount Carried - Land and Improvements | 1,028,000 | |||
Gross Amount Carried - Building and Improvements | 4,707,000 | |||
Gross Amount Carried - FF&E | 329,000 | |||
Total | 6,064,000 | |||
Accumulated Depreciation | 872,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Columbus Bradley Park [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 763,000 | |||
Initial Cost - Building | 5,083,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 271,000 | |||
Gross Amount Carried - Land and Improvements | 814,000 | |||
Gross Amount Carried - Building and Improvements | 5,140,000 | |||
Gross Amount Carried - FF&E | 316,000 | |||
Total | 6,270,000 | |||
Accumulated Depreciation | 839,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Atlanta Duluth [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,177,000 | |||
Initial Cost - Building | 1,252,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 114,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 132,000 | |||
Gross Amount Carried - Land and Improvements | 1,220,000 | |||
Gross Amount Carried - Building and Improvements | 1,366,000 | |||
Gross Amount Carried - FF&E | 193,000 | |||
Total | 2,779,000 | |||
Accumulated Depreciation | 324,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 49 years | |||
Atlanta Gwinnett Place [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,269,000 | |||
Initial Cost - Building | 3,234,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 195,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 285,000 | |||
Gross Amount Carried - Land and Improvements | 1,349,000 | |||
Gross Amount Carried - Building and Improvements | 3,429,000 | |||
Gross Amount Carried - FF&E | 333,000 | |||
Total | 5,111,000 | |||
Accumulated Depreciation | 706,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 30 years | |||
Atlanta Kennesaw Chastain Rd [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,092,000 | |||
Initial Cost - Building | 1,560,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 346,000 | |||
Gross Amount Carried - Land and Improvements | 1,175,000 | |||
Gross Amount Carried - Building and Improvements | 1,701,000 | |||
Gross Amount Carried - FF&E | 384,000 | |||
Total | 3,260,000 | |||
Accumulated Depreciation | 528,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Atlanta Kennesaw Town Center [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,122,000 | |||
Initial Cost - Building | 2,213,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 295,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 278,000 | |||
Gross Amount Carried - Land and Improvements | 1,189,000 | |||
Gross Amount Carried - Building and Improvements | 2,508,000 | |||
Gross Amount Carried - FF&E | 316,000 | |||
Total | 4,013,000 | |||
Accumulated Depreciation | 540,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Atlanta Lawrenceville [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,253,000 | |||
Initial Cost - Building | 1,871,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 105,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 343,000 | |||
Gross Amount Carried - Land and Improvements | 1,294,000 | |||
Gross Amount Carried - Building and Improvements | 1,976,000 | |||
Gross Amount Carried - FF&E | 386,000 | |||
Total | 3,656,000 | |||
Accumulated Depreciation | 598,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 22 years | |||
Macon North [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 537,000 | |||
Initial Cost - Building | 4,151,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 192,000 | |||
Gross Amount Carried - Land and Improvements | 618,000 | |||
Gross Amount Carried - Building and Improvements | 4,197,000 | |||
Gross Amount Carried - FF&E | 238,000 | |||
Total | 5,053,000 | |||
Accumulated Depreciation | 651,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 42 years | |||
Atlanta Marietta Powers Ferry Rd [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,718,000 | |||
Initial Cost - Building | 1,891,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 360,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 401,000 | |||
Gross Amount Carried - Land and Improvements | 2,780,000 | |||
Gross Amount Carried - Building and Improvements | 2,251,000 | |||
Gross Amount Carried - FF&E | 459,000 | |||
Total | 5,490,000 | |||
Accumulated Depreciation | 613,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Atlanta Marietta Windy Hill [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,645,000 | |||
Initial Cost - Building | 2,192,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 265,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 373,000 | |||
Gross Amount Carried - Land and Improvements | 1,715,000 | |||
Gross Amount Carried - Building and Improvements | 2,457,000 | |||
Gross Amount Carried - FF&E | 414,000 | |||
Total | 4,586,000 | |||
Accumulated Depreciation | 571,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Atlanta Morrow [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,713,000 | |||
Initial Cost - Building | 2,276,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 317,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 286,000 | |||
Gross Amount Carried - Land and Improvements | 1,781,000 | |||
Gross Amount Carried - Building and Improvements | 2,593,000 | |||
Gross Amount Carried - FF&E | 327,000 | |||
Total | 4,701,000 | |||
Accumulated Depreciation | 524,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Atlanta Jimmy Carter Blvd [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,974,000 | |||
Initial Cost - Building | 890,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 288,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 388,000 | |||
Gross Amount Carried - Land and Improvements | 2,024,000 | |||
Gross Amount Carried - Building and Improvements | 1,178,000 | |||
Gross Amount Carried - FF&E | 449,000 | |||
Total | 3,651,000 | |||
Accumulated Depreciation | 526,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 22 years | |||
Atlanta Norcross [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,937,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 160,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 203,000 | |||
Gross Amount Carried - Land and Improvements | 1,992,000 | |||
Gross Amount Carried - Building and Improvements | 160,000 | |||
Gross Amount Carried - FF&E | 247,000 | |||
Total | 2,399,000 | |||
Accumulated Depreciation | 210,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Atlanta Norcross [Member] | Minimum [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Atlanta Norcross [Member] | Maximum [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Atlanta Peachtree Corners [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,256,000 | |||
Initial Cost - FF&E | 19,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 193,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 274,000 | |||
Gross Amount Carried - Land and Improvements | 1,328,000 | |||
Gross Amount Carried - Building and Improvements | 193,000 | |||
Gross Amount Carried - FF&E | 293,000 | |||
Total | 1,814,000 | |||
Accumulated Depreciation | 148,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Atlanta Peachtree Corners [Member] | Minimum [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Atlanta Peachtree Corners [Member] | Maximum [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Atlanta Peachtree Corners One [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,219,000 | |||
Initial Cost - Building | 2,509,000 | |||
Initial Cost - FF&E | 291,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 129,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 157,000 | |||
Gross Amount Carried - Land and Improvements | 1,307,000 | |||
Gross Amount Carried - Building and Improvements | 2,638,000 | |||
Gross Amount Carried - FF&E | 448,000 | |||
Total | 4,393,000 | |||
Accumulated Depreciation | 577,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 20 years | |||
Savannah Midtown [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 564,000 | |||
Initial Cost - Building | 5,079,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 388,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 677,000 | |||
Gross Amount Carried - Land and Improvements | 627,000 | |||
Gross Amount Carried - Building and Improvements | 5,467,000 | |||
Gross Amount Carried - FF&E | 743,000 | |||
Total | 6,837,000 | |||
Accumulated Depreciation | 952,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Atlanta Cumberland Mall [Member] | GEORGIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,631,000 | |||
Initial Cost - Building | 2,038,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 172,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 315,000 | |||
Gross Amount Carried - Land and Improvements | 1,680,000 | |||
Gross Amount Carried - Building and Improvements | 2,210,000 | |||
Gross Amount Carried - FF&E | 360,000 | |||
Total | 4,250,000 | |||
Accumulated Depreciation | 545,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Des Moines Urbandale [Member] | IOWA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,119,000 | |||
Initial Cost - Building | 2,684,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 270,000 | |||
Gross Amount Carried - Land and Improvements | 1,179,000 | |||
Gross Amount Carried - Building and Improvements | 2,746,000 | |||
Gross Amount Carried - FF&E | 311,000 | |||
Total | 4,236,000 | |||
Accumulated Depreciation | 537,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Des Moines West Des Moines [Member] | IOWA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,089,000 | |||
Initial Cost - Building | 2,742,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 244,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 583,000 | |||
Gross Amount Carried - Land and Improvements | 1,194,000 | |||
Gross Amount Carried - Building and Improvements | 2,986,000 | |||
Gross Amount Carried - FF&E | 622,000 | |||
Total | 4,802,000 | |||
Accumulated Depreciation | 696,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Boise Airport [Member] | IDAHO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 862,000 | |||
Initial Cost - Building | 1,647,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 116,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 300,000 | |||
Gross Amount Carried - Land and Improvements | 902,000 | |||
Gross Amount Carried - Building and Improvements | 1,763,000 | |||
Gross Amount Carried - FF&E | 339,000 | |||
Total | 3,004,000 | |||
Accumulated Depreciation | 411,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Chicago Midway [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,028,000 | |||
Initial Cost - Building | 2,261,000 | |||
Initial Cost - FF&E | 130,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 520,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 755,000 | |||
Gross Amount Carried - Land and Improvements | -2,106,000 | |||
Gross Amount Carried - Building and Improvements | -2,781,000 | |||
Gross Amount Carried - FF&E | 885,000 | |||
Total | 5,772,000 | |||
Accumulated Depreciation | 888,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Bloomington Normal [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 941,000 | |||
Initial Cost - Building | 3,404,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 144,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 335,000 | |||
Gross Amount Carried - Land and Improvements | -1,006,000 | |||
Gross Amount Carried - Building and Improvements | -3,548,000 | |||
Gross Amount Carried - FF&E | 396,000 | |||
Total | 4,950,000 | |||
Accumulated Depreciation | 629,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Chicago Buffalo Grove Deerfield [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,264,000 | |||
Initial Cost - Building | 4,986,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 566,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 780,000 | |||
Gross Amount Carried - Land and Improvements | -2,334,000 | |||
Gross Amount Carried - Building and Improvements | -5,552,000 | |||
Gross Amount Carried - FF&E | 824,000 | |||
Total | 8,710,000 | |||
Accumulated Depreciation | 1,000,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Chicago Burr Ridge [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,033,000 | |||
Initial Cost - Building | 4,406,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 669,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 778,000 | |||
Gross Amount Carried - Land and Improvements | -2,107,000 | |||
Gross Amount Carried - Building and Improvements | -5,075,000 | |||
Gross Amount Carried - FF&E | 821,000 | |||
Total | 8,003,000 | |||
Accumulated Depreciation | 1,078,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Champaign Urbana [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,221,000 | |||
Initial Cost - Building | 4,043,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 146,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 231,000 | |||
Gross Amount Carried - Land and Improvements | -1,318,000 | |||
Gross Amount Carried - Building and Improvements | -4,189,000 | |||
Gross Amount Carried - FF&E | 266,000 | |||
Total | 5,773,000 | |||
Accumulated Depreciation | 688,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Chicago Darien [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,754,000 | |||
Initial Cost - Building | 4,286,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 438,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 616,000 | |||
Gross Amount Carried - Land and Improvements | -1,846,000 | |||
Gross Amount Carried - Building and Improvements | -4,724,000 | |||
Gross Amount Carried - FF&E | 658,000 | |||
Total | 7,228,000 | |||
Accumulated Depreciation | 970,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago O'Hare North [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,946,000 | |||
Initial Cost - Building | 3,737,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 581,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 785,000 | |||
Gross Amount Carried - Land and Improvements | -2,050,000 | |||
Gross Amount Carried - Building and Improvements | -4,318,000 | |||
Gross Amount Carried - FF&E | 829,000 | |||
Total | 7,197,000 | |||
Accumulated Depreciation | 910,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Chicago O'Hare South [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,122,000 | |||
Initial Cost - Building | 1,434,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 202,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 432,000 | |||
Gross Amount Carried - Land and Improvements | -2,207,000 | |||
Gross Amount Carried - Building and Improvements | -1,636,000 | |||
Gross Amount Carried - FF&E | 503,000 | |||
Total | 4,346,000 | |||
Accumulated Depreciation | 545,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Chicago Downers Grove [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,592,000 | |||
Initial Cost - Building | 3,321,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 945,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,160,000 | |||
Gross Amount Carried - Land and Improvements | -2,707,000 | |||
Gross Amount Carried - Building and Improvements | -4,266,000 | |||
Gross Amount Carried - FF&E | 1,213,000 | |||
Total | 8,186,000 | |||
Accumulated Depreciation | 1,189,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Chicago Elmhurst O'Hare [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,728,000 | |||
Initial Cost - Building | 2,769,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 389,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 695,000 | |||
Gross Amount Carried - Land and Improvements | -1,840,000 | |||
Gross Amount Carried - Building and Improvements | -3,158,000 | |||
Gross Amount Carried - FF&E | 737,000 | |||
Total | 5,735,000 | |||
Accumulated Depreciation | 803,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Chicago Gurnee [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,557,000 | |||
Initial Cost - Building | 2,759,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 192,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 251,000 | |||
Gross Amount Carried - Land and Improvements | -1,686,000 | |||
Gross Amount Carried - Building and Improvements | -2,951,000 | |||
Gross Amount Carried - FF&E | 288,000 | |||
Total | 4,925,000 | |||
Accumulated Depreciation | 568,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Chicago Hanover Park [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,217,000 | |||
Initial Cost - Building | 1,081,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 431,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 585,000 | |||
Gross Amount Carried - Land and Improvements | -4,258,000 | |||
Gross Amount Carried - Building and Improvements | -1,512,000 | |||
Gross Amount Carried - FF&E | 623,000 | |||
Total | 6,393,000 | |||
Accumulated Depreciation | 573,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago Hillside [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,661,000 | |||
Initial Cost - Building | 1,134,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 595,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 846,000 | |||
Gross Amount Carried - Land and Improvements | -1,728,000 | |||
Gross Amount Carried - Building and Improvements | -1,729,000 | |||
Gross Amount Carried - FF&E | 895,000 | |||
Total | 4,352,000 | |||
Accumulated Depreciation | 598,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago Itasca [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,419,000 | |||
Initial Cost - Building | 2,764,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 131,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 355,000 | |||
Gross Amount Carried - Land and Improvements | -1,508,000 | |||
Gross Amount Carried - Building and Improvements | -2,895,000 | |||
Gross Amount Carried - FF&E | 401,000 | |||
Total | 4,804,000 | |||
Accumulated Depreciation | 580,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Chicago Lansing [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,778,000 | |||
Initial Cost - Building | 2,399,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 546,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 794,000 | |||
Gross Amount Carried - Land and Improvements | -1,874,000 | |||
Gross Amount Carried - Building and Improvements | -2,945,000 | |||
Gross Amount Carried - FF&E | 838,000 | |||
Total | 5,657,000 | |||
Accumulated Depreciation | 745,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Chicago Lisle [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,908,000 | |||
Initial Cost - Building | 2,176,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 407,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 549,000 | |||
Gross Amount Carried - Land and Improvements | -1,984,000 | |||
Gross Amount Carried - Building and Improvements | -2,583,000 | |||
Gross Amount Carried - FF&E | 591,000 | |||
Total | 5,158,000 | |||
Accumulated Depreciation | 693,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Chicago Lombard Oak Brook [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,692,000 | |||
Initial Cost - Building | 1,060,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 627,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,037,000 | |||
Gross Amount Carried - Land and Improvements | -3,780,000 | |||
Gross Amount Carried - Building and Improvements | -1,687,000 | |||
Gross Amount Carried - FF&E | 1,096,000 | |||
Total | 6,563,000 | |||
Accumulated Depreciation | 834,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago Lombard Yorktown Center [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,029,000 | |||
Initial Cost - Building | 3,367,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 381,000 | |||
Gross Amount Carried - Land and Improvements | -2,147,000 | |||
Gross Amount Carried - Building and Improvements | -3,462,000 | |||
Gross Amount Carried - FF&E | 439,000 | |||
Total | 6,048,000 | |||
Accumulated Depreciation | 704,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Chicago Naperville East [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,686,000 | |||
Initial Cost - Building | 4,231,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 156,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 726,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 939,000 | |||
Gross Amount Carried - Land and Improvements | -1,842,000 | |||
Gross Amount Carried - Building and Improvements | -4,957,000 | |||
Gross Amount Carried - FF&E | 987,000 | |||
Total | 7,786,000 | |||
Accumulated Depreciation | 1,166,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Chicago Naperville West [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,084,000 | |||
Initial Cost - Building | 2,386,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 587,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 725,000 | |||
Gross Amount Carried - Land and Improvements | -3,210,000 | |||
Gross Amount Carried - Building and Improvements | -2,973,000 | |||
Gross Amount Carried - FF&E | 769,000 | |||
Total | 6,952,000 | |||
Accumulated Depreciation | 839,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
St Louis O'Fallon IL [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,099,000 | |||
Initial Cost - Building | 2,897,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 212,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 288,000 | |||
Gross Amount Carried - Land and Improvements | -1,154,000 | |||
Gross Amount Carried - Building and Improvements | -3,109,000 | |||
Gross Amount Carried - FF&E | 322,000 | |||
Total | 4,585,000 | |||
Accumulated Depreciation | 580,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Peoria North [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,063,000 | |||
Initial Cost - Building | 3,528,000 | |||
Initial Cost - FF&E | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 247,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 594,000 | |||
Gross Amount Carried - Land and Improvements | -1,132,000 | |||
Gross Amount Carried - Building and Improvements | -3,775,000 | |||
Gross Amount Carried - FF&E | 657,000 | |||
Total | 5,564,000 | |||
Accumulated Depreciation | 767,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
RockfordI Nine Zero [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,046,000 | |||
Initial Cost - Building | 1,989,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 300,000 | |||
Gross Amount Carried - Land and Improvements | -1,104,000 | |||
Gross Amount Carried - Building and Improvements | -2,087,000 | |||
Gross Amount Carried - FF&E | 338,000 | |||
Total | 3,529,000 | |||
Accumulated Depreciation | 414,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 47 years | |||
Rockford State Street [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 971,000 | |||
Initial Cost - Building | 293,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 420,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 751,000 | |||
Gross Amount Carried - Land and Improvements | -1,073,000 | |||
Gross Amount Carried - Building and Improvements | -713,000 | |||
Gross Amount Carried - FF&E | 785,000 | |||
Total | 2,571,000 | |||
Accumulated Depreciation | 570,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Rockford State Street [Member] | Minimum [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Rockford State Street [Member] | Maximum [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Chicago Rolling Meadows [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,643,000 | |||
Initial Cost - Building | 640,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 171,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 364,000 | |||
Gross Amount Carried - Land and Improvements | -1,701,000 | |||
Gross Amount Carried - Building and Improvements | -811,000 | |||
Gross Amount Carried - FF&E | 408,000 | |||
Total | 2,920,000 | |||
Accumulated Depreciation | 339,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Chicago Romeoville Bollingbrook [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,741,000 | |||
Initial Cost - Building | 3,612,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 474,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 620,000 | |||
Gross Amount Carried - Land and Improvements | -1,851,000 | |||
Gross Amount Carried - Building and Improvements | -4,086,000 | |||
Gross Amount Carried - FF&E | 658,000 | |||
Total | 6,595,000 | |||
Accumulated Depreciation | 892,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Chicago Schaumburg [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,507,000 | |||
Initial Cost - Building | 703,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 406,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 652,000 | |||
Gross Amount Carried - Land and Improvements | -3,562,000 | |||
Gross Amount Carried - Building and Improvements | -1,109,000 | |||
Gross Amount Carried - FF&E | 750,000 | |||
Total | 5,421,000 | |||
Accumulated Depreciation | 587,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Chicago Schaumburg Convention Center [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,016,000 | |||
Initial Cost - Building | 1,190,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 224,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 430,000 | |||
Gross Amount Carried - Land and Improvements | -2,107,000 | |||
Gross Amount Carried - Building and Improvements | -1,414,000 | |||
Gross Amount Carried - FF&E | 479,000 | |||
Total | 4,000,000 | |||
Accumulated Depreciation | 492,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Chicago Woodfield Mall [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,649,000 | |||
Initial Cost - Building | 2,501,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 438,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 592,000 | |||
Gross Amount Carried - Land and Improvements | -1,764,000 | |||
Gross Amount Carried - Building and Improvements | -2,939,000 | |||
Gross Amount Carried - FF&E | 635,000 | |||
Total | 5,338,000 | |||
Accumulated Depreciation | 758,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago Skokie [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,305,000 | |||
Initial Cost - Building | 8,355,000 | |||
Initial Cost - FF&E | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 500,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 943,000 | |||
Gross Amount Carried - Land and Improvements | -2,372,000 | |||
Gross Amount Carried - Building and Improvements | -8,855,000 | |||
Gross Amount Carried - FF&E | 1,008,000 | |||
Total | 12,235,000 | |||
Accumulated Depreciation | 1,545,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Chicago Vernon Hills Lake Forest [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,471,000 | |||
Initial Cost - Building | 4,030,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 310,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 682,000 | |||
Gross Amount Carried - Land and Improvements | -2,509,000 | |||
Gross Amount Carried - Building and Improvements | -4,340,000 | |||
Gross Amount Carried - FF&E | 742,000 | |||
Total | 7,591,000 | |||
Accumulated Depreciation | 906,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Chicago Vernon Hills Lincolnshire [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,467,000 | |||
Initial Cost - Building | 1,053,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 575,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 943,000 | |||
Gross Amount Carried - Land and Improvements | -2,545,000 | |||
Gross Amount Carried - Building and Improvements | -1,628,000 | |||
Gross Amount Carried - FF&E | 1,009,000 | |||
Total | 5,182,000 | |||
Accumulated Depreciation | 779,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Chicago Waukegan [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,230,000 | |||
Initial Cost - Building | 680,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 290,000 | |||
Gross Amount Carried - Land and Improvements | -1,272,000 | |||
Gross Amount Carried - Building and Improvements | -822,000 | |||
Gross Amount Carried - FF&E | 331,000 | |||
Total | 2,425,000 | |||
Accumulated Depreciation | 409,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 22 years | |||
Chicago Westmont Oak Brook [Member] | ILLINOIS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,510,000 | |||
Initial Cost - Building | 587,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 753,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,060,000 | |||
Gross Amount Carried - Land and Improvements | -3,606,000 | |||
Gross Amount Carried - Building and Improvements | -1,340,000 | |||
Gross Amount Carried - FF&E | 1,112,000 | |||
Total | 6,058,000 | |||
Accumulated Depreciation | 755,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Evansville East [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 387,000 | |||
Initial Cost - Building | 2,295,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 122,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 297,000 | |||
Gross Amount Carried - Land and Improvements | -468,000 | |||
Gross Amount Carried - Building and Improvements | -2,417,000 | |||
Gross Amount Carried - FF&E | 331,000 | |||
Total | 3,216,000 | |||
Accumulated Depreciation | 611,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Fort Wayne North [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 402,000 | |||
Initial Cost - Building | 1,755,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 309,000 | |||
Gross Amount Carried - Land and Improvements | -473,000 | |||
Gross Amount Carried - Building and Improvements | -1,836,000 | |||
Gross Amount Carried - FF&E | 343,000 | |||
Total | 2,652,000 | |||
Accumulated Depreciation | 479,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Fort Wayne South [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 937,000 | |||
Initial Cost - Building | 3,992,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 291,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 306,000 | |||
Gross Amount Carried - Land and Improvements | -1,020,000 | |||
Gross Amount Carried - Building and Improvements | -4,283,000 | |||
Gross Amount Carried - FF&E | 343,000 | |||
Total | 5,646,000 | |||
Accumulated Depreciation | 745,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Indianapolis Airport [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,566,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -5,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 447,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 446,000 | |||
Gross Amount Carried - Land and Improvements | -1,561,000 | |||
Gross Amount Carried - Building and Improvements | -447,000 | |||
Gross Amount Carried - FF&E | 485,000 | |||
Total | 2,493,000 | |||
Accumulated Depreciation | 346,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Indianapolis Airport [Member] | Minimum [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Indianapolis Airport [Member] | Maximum [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Indianapolis Airport W Southern Ave [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,505,000 | |||
Initial Cost - Building | 1,103,000 | |||
Initial Cost - FF&E | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 136,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 186,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 606,000 | |||
Gross Amount Carried - Land and Improvements | -1,641,000 | |||
Gross Amount Carried - Building and Improvements | -1,289,000 | |||
Gross Amount Carried - FF&E | 683,000 | |||
Total | 3,613,000 | |||
Accumulated Depreciation | 547,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Indianapolis Castleton [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 558,000 | |||
Initial Cost - Building | 2,108,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 239,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 385,000 | |||
Gross Amount Carried - Land and Improvements | -619,000 | |||
Gross Amount Carried - Building and Improvements | -2,347,000 | |||
Gross Amount Carried - FF&E | 425,000 | |||
Total | 3,391,000 | |||
Accumulated Depreciation | 558,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Indianapolis North Carmel [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 812,000 | |||
Initial Cost - Building | 851,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 278,000 | |||
Gross Amount Carried - Land and Improvements | -853,000 | |||
Gross Amount Carried - Building and Improvements | -917,000 | |||
Gross Amount Carried - FF&E | 307,000 | |||
Total | 2,077,000 | |||
Accumulated Depreciation | 298,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 30 years | |||
Indianapolis Northwest College Park [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 363,000 | |||
Initial Cost - Building | 945,000 | |||
Initial Cost - FF&E | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 129,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 369,000 | |||
Gross Amount Carried - Land and Improvements | -401,000 | |||
Gross Amount Carried - Building and Improvements | -1,074,000 | |||
Gross Amount Carried - FF&E | 397,000 | |||
Total | 1,872,000 | |||
Accumulated Depreciation | 350,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1991 | |||
Depreciable Lives | 32 years | |||
Indianapolis Northwest I Four Six Five [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,385,000 | |||
Initial Cost - Building | 4,782,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 327,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 709,000 | |||
Gross Amount Carried - Land and Improvements | -1,486,000 | |||
Gross Amount Carried - Building and Improvements | -5,109,000 | |||
Gross Amount Carried - FF&E | 775,000 | |||
Total | 7,370,000 | |||
Accumulated Depreciation | 971,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Indianapolis West Eighty Sixth St [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 581,000 | |||
Initial Cost - Building | 2,330,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 159,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 249,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 398,000 | |||
Gross Amount Carried - Land and Improvements | -740,000 | |||
Gross Amount Carried - Building and Improvements | -2,579,000 | |||
Gross Amount Carried - FF&E | 438,000 | |||
Total | 3,757,000 | |||
Accumulated Depreciation | 578,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Merrillville US Rte Three Zero [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 693,000 | |||
Initial Cost - Building | 3,923,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 483,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 712,000 | |||
Gross Amount Carried - Land and Improvements | -803,000 | |||
Gross Amount Carried - Building and Improvements | -4,406,000 | |||
Gross Amount Carried - FF&E | 751,000 | |||
Total | 5,960,000 | |||
Accumulated Depreciation | 834,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
South Bend Mishawaka North [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 497,000 | |||
Initial Cost - Building | 1,929,000 | |||
Initial Cost - FF&E | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 378,000 | |||
Gross Amount Carried - Land and Improvements | -564,000 | |||
Gross Amount Carried - Building and Improvements | -2,006,000 | |||
Gross Amount Carried - FF&E | 440,000 | |||
Total | 3,010,000 | |||
Accumulated Depreciation | 528,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
South Bend Mishawaka South [Member] | INDIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 457,000 | |||
Initial Cost - Building | 1,146,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 309,000 | |||
Gross Amount Carried - Land and Improvements | -549,000 | |||
Gross Amount Carried - Building and Improvements | -1,203,000 | |||
Gross Amount Carried - FF&E | 343,000 | |||
Total | 2,095,000 | |||
Accumulated Depreciation | 389,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Kansas City Lenexa Eighty Seventh St [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,413,000 | |||
Initial Cost - Building | 1,161,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 277,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 540,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 349,000 | |||
Gross Amount Carried - Land and Improvements | 1,690,000 | |||
Gross Amount Carried - Building and Improvements | 1,701,000 | |||
Gross Amount Carried - FF&E | 396,000 | |||
Total | 3,787,000 | |||
Accumulated Depreciation | 622,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Kansas City Lenexa Eighty Seventh St [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 35 years | |||
Kansas City Lenexa Ninety Fifth St [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,489,000 | |||
Initial Cost - FF&E | 12,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -1,290,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 147,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 177,000 | |||
Gross Amount Carried - Land and Improvements | 1,199,000 | |||
Gross Amount Carried - Building and Improvements | 147,000 | |||
Gross Amount Carried - FF&E | 189,000 | |||
Total | 1,535,000 | |||
Accumulated Depreciation | 127,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 10 years | |||
Kansas City Lenexa Ninety Fifth St [Member] | Maximum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Kansas City Shawnee Mission [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,255,000 | |||
Initial Cost - Building | 2,489,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 253,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 402,000 | |||
Gross Amount Carried - Land and Improvements | 1,322,000 | |||
Gross Amount Carried - Building and Improvements | 2,742,000 | |||
Gross Amount Carried - FF&E | 451,000 | |||
Total | 4,515,000 | |||
Accumulated Depreciation | 668,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Kansas City Shawnee Mission [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 32 years | |||
Kansas City Overland Park Metcalf Ave [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,103,000 | |||
Initial Cost - Building | 4,652,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 567,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 293,000 | |||
Gross Amount Carried - Land and Improvements | 1,189,000 | |||
Gross Amount Carried - Building and Improvements | 5,219,000 | |||
Gross Amount Carried - FF&E | 354,000 | |||
Total | 6,762,000 | |||
Accumulated Depreciation | 853,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Kansas City Overland Park Metcalf Ave [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Kansas City Overland Park Nall Ave [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 603,000 | |||
Initial Cost - Building | 2,291,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 24,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 421,000 | |||
Gross Amount Carried - Land and Improvements | 627,000 | |||
Gross Amount Carried - Building and Improvements | 2,382,000 | |||
Gross Amount Carried - FF&E | 466,000 | |||
Total | 3,475,000 | |||
Accumulated Depreciation | 574,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Kansas City Overland Park Nall Ave [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Kansas City Overland Park Quivira Rd [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,120,000 | |||
Initial Cost - Building | 959,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 380,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 637,000 | |||
Gross Amount Carried - Land and Improvements | 1,219,000 | |||
Gross Amount Carried - Building and Improvements | 1,339,000 | |||
Gross Amount Carried - FF&E | 680,000 | |||
Total | 3,238,000 | |||
Accumulated Depreciation | 724,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Kansas City Overland Park Quivira Rd [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 37 years | |||
Wichita East [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 809,000 | |||
Initial Cost - Building | 1,375,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 246,000 | |||
Gross Amount Carried - Land and Improvements | 854,000 | |||
Gross Amount Carried - Building and Improvements | 1,436,000 | |||
Gross Amount Carried - FF&E | 281,000 | |||
Total | 2,571,000 | |||
Accumulated Depreciation | 415,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Wichita East [Member] | Minimum [Member] | KANSAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 27 years | |||
Cincinnati Covington [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 880,000 | |||
Initial Cost - Building | 5,352,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 162,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 512,000 | |||
Gross Amount Carried - Land and Improvements | 923,000 | |||
Gross Amount Carried - Building and Improvements | 5,514,000 | |||
Gross Amount Carried - FF&E | 550,000 | |||
Total | 6,987,000 | |||
Accumulated Depreciation | 839,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Cincinnati Covington [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 37 years | |||
Cincinnati Florence [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 549,000 | |||
Initial Cost - Building | 1,850,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 297,000 | |||
Gross Amount Carried - Land and Improvements | 651,000 | |||
Gross Amount Carried - Building and Improvements | 1,920,000 | |||
Gross Amount Carried - FF&E | 330,000 | |||
Total | 2,901,000 | |||
Accumulated Depreciation | 481,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Cincinnati Florence [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 26 years | |||
Cincinnati Florence [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 827,000 | |||
Initial Cost - Building | 2,575,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 293,000 | |||
Gross Amount Carried - Land and Improvements | 919,000 | |||
Gross Amount Carried - Building and Improvements | 2,677,000 | |||
Gross Amount Carried - FF&E | 330,000 | |||
Total | 3,926,000 | |||
Accumulated Depreciation | 557,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Cincinnati Florence [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 37 years | |||
Lexington Nicholasville Road [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,415,000 | |||
Initial Cost - Building | 4,119,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 205,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 361,000 | |||
Gross Amount Carried - Land and Improvements | 1,513,000 | |||
Gross Amount Carried - Building and Improvements | 4,324,000 | |||
Gross Amount Carried - FF&E | 406,000 | |||
Total | 6,243,000 | |||
Accumulated Depreciation | 816,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Lexington Nicholasville Road [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 31 years | |||
Lexington Patchen Village [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 860,000 | |||
Initial Cost - FF&E | 25,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 135,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 150,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 235,000 | |||
Gross Amount Carried - Land and Improvements | 995,000 | |||
Gross Amount Carried - Building and Improvements | 150,000 | |||
Gross Amount Carried - FF&E | 260,000 | |||
Total | 1,405,000 | |||
Accumulated Depreciation | 178,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1986 | |||
Depreciable Lives | 10 years | |||
Lexington Patchen Village [Member] | Maximum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Lexington Tates Creek [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 910,000 | |||
Initial Cost - Building | 1,692,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 204,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 271,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 289,000 | |||
Gross Amount Carried - Land and Improvements | 1,114,000 | |||
Gross Amount Carried - Building and Improvements | 1,963,000 | |||
Gross Amount Carried - FF&E | 318,000 | |||
Total | 3,395,000 | |||
Accumulated Depreciation | 505,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1987 | |||
Lexington Tates Creek [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 27 years | |||
Louisville Alliant Avenue [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 812,000 | |||
Initial Cost - Building | 2,628,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 127,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 311,000 | |||
Gross Amount Carried - Land and Improvements | 900,000 | |||
Gross Amount Carried - Building and Improvements | 2,755,000 | |||
Gross Amount Carried - FF&E | 359,000 | |||
Total | 4,014,000 | |||
Accumulated Depreciation | 538,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Louisville Alliant Avenue [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Louisville Dutchman [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 662,000 | |||
Initial Cost - Building | 2,540,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 267,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 377,000 | |||
Gross Amount Carried - Land and Improvements | 705,000 | |||
Gross Amount Carried - Building and Improvements | 2,807,000 | |||
Gross Amount Carried - FF&E | 422,000 | |||
Total | 3,934,000 | |||
Accumulated Depreciation | 646,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Louisville Dutchman [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 31 years | |||
Louisville Hurstbourne [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 656,000 | |||
Initial Cost - Building | 439,000 | |||
Initial Cost - FF&E | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 186,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 234,000 | |||
Gross Amount Carried - Land and Improvements | 842,000 | |||
Gross Amount Carried - Building and Improvements | 581,000 | |||
Gross Amount Carried - FF&E | 264,000 | |||
Total | 1,687,000 | |||
Accumulated Depreciation | 271,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1988 | |||
Louisville Hurstbourne [Member] | Minimum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 28 years | |||
Louisville St Matthews [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 949,000 | |||
Initial Cost - FF&E | 26,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -558,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 323,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 299,000 | |||
Gross Amount Carried - Land and Improvements | 391,000 | |||
Gross Amount Carried - Building and Improvements | 323,000 | |||
Gross Amount Carried - FF&E | 325,000 | |||
Total | 1,039,000 | |||
Accumulated Depreciation | 232,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1989 | |||
Depreciable Lives | 10 years | |||
Louisville St Matthews [Member] | Maximum [Member] | KENTUCKY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Baton Rouge Citiplace [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,029,000 | |||
Initial Cost - Building | 5,875,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 414,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 666,000 | |||
Gross Amount Carried - Land and Improvements | 1,105,000 | |||
Gross Amount Carried - Building and Improvements | 6,289,000 | |||
Gross Amount Carried - FF&E | 732,000 | |||
Total | 8,126,000 | |||
Accumulated Depreciation | 1,344,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Baton Rouge Citiplace [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Baton Rouge Sherwood Forest [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 531,000 | |||
Initial Cost - Building | 2,802,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 32,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 174,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 317,000 | |||
Gross Amount Carried - Land and Improvements | 563,000 | |||
Gross Amount Carried - Building and Improvements | 2,976,000 | |||
Gross Amount Carried - FF&E | 360,000 | |||
Total | 3,899,000 | |||
Accumulated Depreciation | 768,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Baton Rouge Sherwood Forest [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 23 years | |||
Shreveport Bossier City [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,130,000 | |||
Initial Cost - Building | 4,480,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 124,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 240,000 | |||
Gross Amount Carried - Land and Improvements | 1,177,000 | |||
Gross Amount Carried - Building and Improvements | 4,604,000 | |||
Gross Amount Carried - FF&E | 281,000 | |||
Total | 6,062,000 | |||
Accumulated Depreciation | 1,084,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Shreveport Bossier City [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 22 years | |||
New Orleans Kenner [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,028,000 | |||
Initial Cost - Building | 6,843,000 | |||
Initial Cost - FF&E | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 422,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 582,000 | |||
Gross Amount Carried - Land and Improvements | 1,094,000 | |||
Gross Amount Carried - Building and Improvements | 7,265,000 | |||
Gross Amount Carried - FF&E | 661,000 | |||
Total | 9,020,000 | |||
Accumulated Depreciation | 1,388,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
New Orleans Kenner [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Lafayette Airport [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 436,000 | |||
Initial Cost - Building | 2,212,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 107,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 373,000 | |||
Gross Amount Carried - Land and Improvements | 502,000 | |||
Gross Amount Carried - Building and Improvements | 2,319,000 | |||
Gross Amount Carried - FF&E | 411,000 | |||
Total | 3,232,000 | |||
Accumulated Depreciation | 535,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Lafayette Airport [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
New Orleans Metairie [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 559,000 | |||
Initial Cost - Building | 5,559,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 395,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 756,000 | |||
Gross Amount Carried - Land and Improvements | 610,000 | |||
Gross Amount Carried - Building and Improvements | 5,954,000 | |||
Gross Amount Carried - FF&E | 797,000 | |||
Total | 7,361,000 | |||
Accumulated Depreciation | 1,045,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
New Orleans Metairie [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Lake Charles [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 310,000 | |||
Initial Cost - Building | 1,784,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 14,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 276,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 238,000 | |||
Gross Amount Carried - Land and Improvements | 324,000 | |||
Gross Amount Carried - Building and Improvements | 2,060,000 | |||
Gross Amount Carried - FF&E | 277,000 | |||
Total | 2,661,000 | |||
Accumulated Depreciation | 543,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Lake Charles [Member] | Minimum [Member] | LOUISIANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 22 years | |||
Boston Braintree [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,599,000 | |||
Initial Cost - Building | 9,110,000 | |||
Initial Cost - FF&E | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 417,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 637,000 | |||
Gross Amount Carried - Land and Improvements | 2,656,000 | |||
Gross Amount Carried - Building and Improvements | 9,527,000 | |||
Gross Amount Carried - FF&E | 727,000 | |||
Total | 12,910,000 | |||
Accumulated Depreciation | 1,453,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Boston Braintree [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 42 years | |||
Boston Burlington [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,533,000 | |||
Initial Cost - Building | 6,944,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 762,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,078,000 | |||
Gross Amount Carried - Land and Improvements | 2,594,000 | |||
Gross Amount Carried - Building and Improvements | 7,706,000 | |||
Gross Amount Carried - FF&E | 1,136,000 | |||
Total | 11,436,000 | |||
Accumulated Depreciation | 1,558,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Burlington [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Boston Danvers [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,334,000 | |||
Initial Cost - Building | 5,659,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 155,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 387,000 | |||
Gross Amount Carried - Land and Improvements | 1,395,000 | |||
Gross Amount Carried - Building and Improvements | 5,814,000 | |||
Gross Amount Carried - FF&E | 425,000 | |||
Total | 7,634,000 | |||
Accumulated Depreciation | 773,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Danvers [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 47 years | |||
Boston Marlborough [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,137,000 | |||
Initial Cost - Building | 3,464,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 582,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,032,000 | |||
Gross Amount Carried - Land and Improvements | 2,207,000 | |||
Gross Amount Carried - Building and Improvements | 4,046,000 | |||
Gross Amount Carried - FF&E | 1,080,000 | |||
Total | 7,333,000 | |||
Accumulated Depreciation | 1,042,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Marlborough [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Foxboro Norton[Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,153,000 | |||
Initial Cost - Building | 4,729,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 398,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 556,000 | |||
Gross Amount Carried - Land and Improvements | 2,210,000 | |||
Gross Amount Carried - Building and Improvements | 5,127,000 | |||
Gross Amount Carried - FF&E | 654,000 | |||
Total | 7,991,000 | |||
Accumulated Depreciation | 922,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Foxboro Norton[Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 43 years | |||
Boston Peabody [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,649,000 | |||
Initial Cost - Building | 5,178,000 | |||
Initial Cost - FF&E | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 487,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 891,000 | |||
Gross Amount Carried - Land and Improvements | 1,738,000 | |||
Gross Amount Carried - Building and Improvements | 5,665,000 | |||
Gross Amount Carried - FF&E | 1,001,000 | |||
Total | 8,404,000 | |||
Accumulated Depreciation | 1,142,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Boston Peabody [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 43 years | |||
Boston-Tewksbury [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,547,000 | |||
Initial Cost - Building | 4,378,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 340,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 588,000 | |||
Gross Amount Carried - Land and Improvements | 1,605,000 | |||
Gross Amount Carried - Building and Improvements | 4,718,000 | |||
Gross Amount Carried - FF&E | 646,000 | |||
Total | 6,969,000 | |||
Accumulated Depreciation | 890,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Boston-Tewksbury [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Boston Waltham [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,025,000 | |||
Initial Cost - Building | 6,620,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 481,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,139,000 | |||
Gross Amount Carried - Land and Improvements | 2,091,000 | |||
Gross Amount Carried - Building and Improvements | 7,101,000 | |||
Gross Amount Carried - FF&E | 1,197,000 | |||
Total | 10,389,000 | |||
Accumulated Depreciation | 1,133,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Waltham [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Boston Waltham One [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,851,000 | |||
Initial Cost - Building | 7,411,000 | |||
Initial Cost - FF&E | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 598,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,126,000 | |||
Gross Amount Carried - Land and Improvements | 1,944,000 | |||
Gross Amount Carried - Building and Improvements | 8,009,000 | |||
Gross Amount Carried - FF&E | 1,198,000 | |||
Total | 11,151,000 | |||
Accumulated Depreciation | 1,598,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Boston Waltham One [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Boston Westborough Computer Dr [ Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,747,000 | |||
Initial Cost - Building | 2,788,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 136,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 607,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 929,000 | |||
Gross Amount Carried - Land and Improvements | 2,883,000 | |||
Gross Amount Carried - Building and Improvements | 3,395,000 | |||
Gross Amount Carried - FF&E | 977,000 | |||
Total | 7,255,000 | |||
Accumulated Depreciation | 955,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Westborough Computer Dr [ Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Boston Westborough Connector Road [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,154,000 | |||
Initial Cost - Building | 1,519,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 352,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 528,000 | |||
Gross Amount Carried - Land and Improvements | 3,199,000 | |||
Gross Amount Carried - Building and Improvements | 1,871,000 | |||
Gross Amount Carried - FF&E | 585,000 | |||
Total | 5,655,000 | |||
Accumulated Depreciation | 577,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Boston Westborough Connector Road [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Boston Westborough East Main Street [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,366,000 | |||
Initial Cost - Building | 2,763,000 | |||
Initial Cost - FF&E | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 459,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 759,000 | |||
Gross Amount Carried - Land and Improvements | 2,449,000 | |||
Gross Amount Carried - Building and Improvements | 3,222,000 | |||
Gross Amount Carried - FF&E | 840,000 | |||
Total | 6,511,000 | |||
Accumulated Depreciation | 620,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Boston Westborough East Main Street [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 42 years | |||
Boston Woburn [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,879,000 | |||
Initial Cost - Building | 4,426,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 462,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 874,000 | |||
Gross Amount Carried - Land and Improvements | 1,957,000 | |||
Gross Amount Carried - Building and Improvements | 4,888,000 | |||
Gross Amount Carried - FF&E | 922,000 | |||
Total | 7,767,000 | |||
Accumulated Depreciation | 1,060,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Boston Woburn [Member] | Minimum [Member] | MASSACHUSETTS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Annapolis Admiral Cochrane Drive [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,121,000 | |||
Initial Cost - Building | 5,919,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 457,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 896,000 | |||
Gross Amount Carried - Land and Improvements | 2,178,000 | |||
Gross Amount Carried - Building and Improvements | 6,376,000 | |||
Gross Amount Carried - FF&E | 948,000 | |||
Total | 9,502,000 | |||
Accumulated Depreciation | 1,175,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Annapolis Womack Drive [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,376,000 | |||
Initial Cost - Building | 4,684,000 | |||
Initial Cost - FF&E | 131,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 335,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 537,000 | |||
Gross Amount Carried - Land and Improvements | 1,428,000 | |||
Gross Amount Carried - Building and Improvements | 5,019,000 | |||
Gross Amount Carried - FF&E | 668,000 | |||
Total | 7,115,000 | |||
Accumulated Depreciation | 984,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 45 years | |||
Baltimore Bel Air Aberdeen [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,768,000 | |||
Initial Cost - Building | 5,344,000 | |||
Initial Cost - FF&E | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 31,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 9,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 263,000 | |||
Gross Amount Carried - Land and Improvements | 1,799,000 | |||
Gross Amount Carried - Building and Improvements | 5,353,000 | |||
Gross Amount Carried - FF&E | 373,000 | |||
Total | 7,525,000 | |||
Accumulated Depreciation | 845,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Columbia Columbia One Zero Zero Parkway [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,785,000 | |||
Initial Cost - Building | 6,287,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 437,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 627,000 | |||
Gross Amount Carried - Land and Improvements | 1,904,000 | |||
Gross Amount Carried - Building and Improvements | 6,724,000 | |||
Gross Amount Carried - FF&E | 665,000 | |||
Total | 9,293,000 | |||
Accumulated Depreciation | 1,257,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Columbia Columbia Corporate Park [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,056,000 | |||
Initial Cost - Building | 10,874,000 | |||
Initial Cost - FF&E | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 831,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,077,000 | |||
Gross Amount Carried - Land and Improvements | 3,155,000 | |||
Gross Amount Carried - Building and Improvements | 11,705,000 | |||
Gross Amount Carried - FF&E | 1,158,000 | |||
Total | 16,018,000 | |||
Accumulated Depreciation | 1,995,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Columbia Gateway Drive [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,241,000 | |||
Initial Cost - Building | 5,038,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 716,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 908,000 | |||
Gross Amount Carried - Land and Improvements | 2,309,000 | |||
Gross Amount Carried - Building and Improvements | 5,754,000 | |||
Gross Amount Carried - FF&E | 950,000 | |||
Total | 9,013,000 | |||
Accumulated Depreciation | 1,571,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Frederick Westview Dr [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,891,000 | |||
Initial Cost - Building | 5,522,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 402,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 550,000 | |||
Gross Amount Carried - Land and Improvements | 1,935,000 | |||
Gross Amount Carried - Building and Improvements | 5,924,000 | |||
Gross Amount Carried - FF&E | 591,000 | |||
Total | 8,450,000 | |||
Accumulated Depreciation | 1,140,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Gaithersburg North [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,088,000 | |||
Initial Cost - Building | 3,973,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 359,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 560,000 | |||
Gross Amount Carried - Land and Improvements | 2,133,000 | |||
Gross Amount Carried - Building and Improvements | 4,332,000 | |||
Gross Amount Carried - FF&E | 602,000 | |||
Total | 7,067,000 | |||
Accumulated Depreciation | 939,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Gaithersburg South [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,233,000 | |||
Initial Cost - Building | 4,128,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 213,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 425,000 | |||
Gross Amount Carried - Land and Improvements | 2,315,000 | |||
Gross Amount Carried - Building and Improvements | 4,341,000 | |||
Gross Amount Carried - FF&E | 484,000 | |||
Total | 7,140,000 | |||
Accumulated Depreciation | 781,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Washington DC Germantown [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,413,000 | |||
Initial Cost - Building | 4,673,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 332,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 505,000 | |||
Gross Amount Carried - Land and Improvements | 1,494,000 | |||
Gross Amount Carried - Building and Improvements | 5,005,000 | |||
Gross Amount Carried - FF&E | 549,000 | |||
Total | 7,048,000 | |||
Accumulated Depreciation | 1,059,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Germantown [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,541,000 | |||
Initial Cost - Building | 2,269,000 | |||
Initial Cost - FF&E | 698,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 152,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 748,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 497,000 | |||
Gross Amount Carried - Land and Improvements | 5,693,000 | |||
Gross Amount Carried - Building and Improvements | 3,017,000 | |||
Gross Amount Carried - FF&E | 1,195,000 | |||
Total | 9,905,000 | |||
Accumulated Depreciation | 884,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 19 years | |||
Baltimore Glen Burnie [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,374,000 | |||
Initial Cost - Building | 9,428,000 | |||
Initial Cost - FF&E | 132,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 323,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 519,000 | |||
Gross Amount Carried - Land and Improvements | 2,426,000 | |||
Gross Amount Carried - Building and Improvements | 9,751,000 | |||
Gross Amount Carried - FF&E | 651,000 | |||
Total | 12,828,000 | |||
Accumulated Depreciation | 1,515,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Columbia Laurel Ft Meade [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,505,000 | |||
Initial Cost - Building | 5,910,000 | |||
Initial Cost - FF&E | 112,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 323,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 751,000 | |||
Gross Amount Carried - Land and Improvements | 1,563,000 | |||
Gross Amount Carried - Building and Improvements | 6,233,000 | |||
Gross Amount Carried - FF&E | 863,000 | |||
Total | 8,659,000 | |||
Accumulated Depreciation | 1,085,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Washington Dc Landover [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,119,000 | |||
Initial Cost - Building | 5,378,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 534,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 740,000 | |||
Gross Amount Carried - Land and Improvements | 3,163,000 | |||
Gross Amount Carried - Building and Improvements | 5,912,000 | |||
Gross Amount Carried - FF&E | 779,000 | |||
Total | 9,854,000 | |||
Accumulated Depreciation | 1,011,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Lexington Park Pax River [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,206,000 | |||
Initial Cost - Building | 5,140,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 337,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 576,000 | |||
Gross Amount Carried - Land and Improvements | 1,269,000 | |||
Gross Amount Carried - Building and Improvements | 5,477,000 | |||
Gross Amount Carried - FF&E | 624,000 | |||
Total | 7,370,000 | |||
Accumulated Depreciation | 1,087,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Baltimore BWI Airport One [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,801,000 | |||
Initial Cost - Building | 5,663,000 | |||
Initial Cost - FF&E | 1,003,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 228,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 851,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 639,000 | |||
Gross Amount Carried - Land and Improvements | 4,029,000 | |||
Gross Amount Carried - Building and Improvements | 6,514,000 | |||
Gross Amount Carried - FF&E | 1,642,000 | |||
Total | 12,185,000 | |||
Accumulated Depreciation | 1,098,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Baltimore BWl Airport [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,316,000 | |||
Initial Cost - Building | 8,515,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 552,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 670,000 | |||
Gross Amount Carried - Land and Improvements | 2,426,000 | |||
Gross Amount Carried - Building and Improvements | 9,067,000 | |||
Gross Amount Carried - FF&E | 713,000 | |||
Total | 12,206,000 | |||
Accumulated Depreciation | 1,602,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Washington DC Rockville [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,800,000 | |||
Initial Cost - Building | 9,696,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 562,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,069,000 | |||
Gross Amount Carried - Land and Improvements | 5,878,000 | |||
Gross Amount Carried - Building and Improvements | 10,258,000 | |||
Gross Amount Carried - FF&E | 1,133,000 | |||
Total | 17,269,000 | |||
Accumulated Depreciation | 1,768,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Baltimore Timonium [Member] | MARYLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,004,000 | |||
Initial Cost - Building | 6,358,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 429,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 692,000 | |||
Gross Amount Carried - Land and Improvements | 2,084,000 | |||
Gross Amount Carried - Building and Improvements | 6,787,000 | |||
Gross Amount Carried - FF&E | 731,000 | |||
Total | 9,602,000 | |||
Accumulated Depreciation | 1,216,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Portland Scarborough [Member] | MAINE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 828,000 | |||
Initial Cost - Building | 4,601,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 167,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 613,000 | |||
Gross Amount Carried - Land and Improvements | 892,000 | |||
Gross Amount Carried - Building and Improvements | 4,768,000 | |||
Gross Amount Carried - FF&E | 665,000 | |||
Total | 6,325,000 | |||
Accumulated Depreciation | 832,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Detroit Ann Arbor Briarwood Mall [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,416,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 180,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 546,000 | |||
Gross Amount Carried - Land and Improvements | 3,558,000 | |||
Gross Amount Carried - Building and Improvements | 180,000 | |||
Gross Amount Carried - FF&E | 587,000 | |||
Total | 4,325,000 | |||
Accumulated Depreciation | 291,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Detroit Ann Arbor Briarwood Mall [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Ann Arbor Briarwood Mall [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Ann Arbor University South [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 955,000 | |||
Initial Cost - Building | 1,139,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 116,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 504,000 | |||
Gross Amount Carried - Land and Improvements | 1,068,000 | |||
Gross Amount Carried - Building and Improvements | 1,255,000 | |||
Gross Amount Carried - FF&E | 546,000 | |||
Total | 2,869,000 | |||
Accumulated Depreciation | 337,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 41 years | |||
Auburn Hills University Drive [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,363,000 | |||
Initial Cost - Building | 588,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 610,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,007,000 | |||
Gross Amount Carried - Land and Improvements | 1,457,000 | |||
Gross Amount Carried - Building and Improvements | 1,198,000 | |||
Gross Amount Carried - FF&E | 1,066,000 | |||
Total | 3,721,000 | |||
Accumulated Depreciation | 434,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Detroit Auburn Hills Featherstone Rd [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,226,000 | |||
Initial Cost - Building | 3,584,000 | |||
Initial Cost - FF&E | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 131,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 507,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 985,000 | |||
Gross Amount Carried - Land and Improvements | 1,357,000 | |||
Gross Amount Carried - Building and Improvements | 4,091,000 | |||
Gross Amount Carried - FF&E | 1,060,000 | |||
Total | 6,508,000 | |||
Accumulated Depreciation | 814,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 41 years | |||
Detroit Auburn Hills I Seven Five [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,948,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 468,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 785,000 | |||
Gross Amount Carried - Land and Improvements | 2,086,000 | |||
Gross Amount Carried - Building and Improvements | 468,000 | |||
Gross Amount Carried - FF&E | 832,000 | |||
Total | 3,386,000 | |||
Accumulated Depreciation | 844,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Detroit Auburn Hills I Seven Five [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Auburn Hills I Seven Five [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Canton [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,501,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 149,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 462,000 | |||
Gross Amount Carried - Land and Improvements | 1,610,000 | |||
Gross Amount Carried - Building and Improvements | 149,000 | |||
Gross Amount Carried - FF&E | 521,000 | |||
Total | 2,280,000 | |||
Accumulated Depreciation | 355,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Detroit Canton [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Canton [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Dearborn [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,018,000 | |||
Initial Cost - Building | 2,051,000 | |||
Initial Cost - FF&E | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 180,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 459,000 | |||
Gross Amount Carried - Land and Improvements | 1,105,000 | |||
Gross Amount Carried - Building and Improvements | 2,231,000 | |||
Gross Amount Carried - FF&E | 536,000 | |||
Total | 3,872,000 | |||
Accumulated Depreciation | 544,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Detroit Farmington Hills [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,084,000 | |||
Initial Cost - Building | 570,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 266,000 | |||
Gross Amount Carried - Land and Improvements | 1,203,000 | |||
Gross Amount Carried - Building and Improvements | 621,000 | |||
Gross Amount Carried - FF&E | 307,000 | |||
Total | 2,131,000 | |||
Accumulated Depreciation | 313,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Grand Rapids Kentwood [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,297,000 | |||
Initial Cost - Building | 1,644,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 200,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 369,000 | |||
Gross Amount Carried - Land and Improvements | 1,375,000 | |||
Gross Amount Carried - Building and Improvements | 1,844,000 | |||
Gross Amount Carried - FF&E | 407,000 | |||
Total | 3,626,000 | |||
Accumulated Depreciation | 455,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Detroit Livonia [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,863,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 363,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 205,000 | |||
Gross Amount Carried - Land and Improvements | 2,014,000 | |||
Gross Amount Carried - Building and Improvements | 363,000 | |||
Gross Amount Carried - FF&E | 247,000 | |||
Total | 2,624,000 | |||
Accumulated Depreciation | 329,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Detroit Madison Heights [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,787,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 406,000 | |||
Gross Amount Carried - Land and Improvements | 1,848,000 | |||
Gross Amount Carried - Building and Improvements | 94,000 | |||
Gross Amount Carried - FF&E | 449,000 | |||
Total | 2,391,000 | |||
Accumulated Depreciation | 296,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Detroit Madison Heights [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Madison Heights [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Novi Haggerty Road [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,102,000 | |||
Initial Cost - Building | 1,620,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 494,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 716,000 | |||
Gross Amount Carried - Land and Improvements | 1,182,000 | |||
Gross Amount Carried - Building and Improvements | 2,114,000 | |||
Gross Amount Carried - FF&E | 760,000 | |||
Total | 4,056,000 | |||
Accumulated Depreciation | 909,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Detroit Novi Orchard Hill Place [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,237,000 | |||
Initial Cost - Building | 421,000 | |||
Initial Cost - FF&E | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 217,000 | |||
Gross Amount Carried - Land and Improvements | 1,328,000 | |||
Gross Amount Carried - Building and Improvements | 477,000 | |||
Gross Amount Carried - FF&E | 295,000 | |||
Total | 2,100,000 | |||
Accumulated Depreciation | 323,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 42 years | |||
Detroit Metropolitan Airport [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,161,000 | |||
Initial Cost - Building | 2,462,000 | |||
Initial Cost - FF&E | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 269,000 | |||
Gross Amount Carried - Land and Improvements | 1,259,000 | |||
Gross Amount Carried - Building and Improvements | 2,531,000 | |||
Gross Amount Carried - FF&E | 352,000 | |||
Total | 4,142,000 | |||
Accumulated Depreciation | 574,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Detroit Roseville [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,204,000 | |||
Initial Cost - Building | 2,742,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 197,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 325,000 | |||
Gross Amount Carried - Land and Improvements | 1,267,000 | |||
Gross Amount Carried - Building and Improvements | 2,939,000 | |||
Gross Amount Carried - FF&E | 396,000 | |||
Total | 4,602,000 | |||
Accumulated Depreciation | 611,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Detroit Southfield I Six Nine Six [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,746,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 196,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 386,000 | |||
Gross Amount Carried - Land and Improvements | 1,823,000 | |||
Gross Amount Carried - Building and Improvements | 196,000 | |||
Gross Amount Carried - FF&E | 470,000 | |||
Total | 2,489,000 | |||
Accumulated Depreciation | 426,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Detroit Southfield I Six Nine Six [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Southfield I Six Nine Six [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Southfield Northwestern Hwy [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,952,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 125,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 251,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 470,000 | |||
Gross Amount Carried - Land and Improvements | 2,077,000 | |||
Gross Amount Carried - Building and Improvements | 251,000 | |||
Gross Amount Carried - FF&E | 528,000 | |||
Total | 2,856,000 | |||
Accumulated Depreciation | 418,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Detroit Southfield Northwestern Hwy [Member] | Minimum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Detroit Southfield Northwestern Hwy [Member] | Maximum [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Detroit Sterling Heights [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 998,000 | |||
Initial Cost - Building | 1,550,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 533,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 812,000 | |||
Gross Amount Carried - Land and Improvements | 1,062,000 | |||
Gross Amount Carried - Building and Improvements | 2,083,000 | |||
Gross Amount Carried - FF&E | 854,000 | |||
Total | 3,999,000 | |||
Accumulated Depreciation | 403,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Detroit Warren [Member] | MICHIGAN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,448,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 250,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 189,000 | |||
Gross Amount Carried - Land and Improvements | 1,536,000 | |||
Gross Amount Carried - Building and Improvements | 250,000 | |||
Gross Amount Carried - FF&E | 226,000 | |||
Total | 2,012,000 | |||
Accumulated Depreciation | 217,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 39 years | |||
Minneapolis Bloomington [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,440 | |||
Initial Cost - Building | 3,092 | |||
Initial Cost - FF&E | 39 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 364 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 708 | |||
Gross Amount Carried - Land and Improvements | 1,494 | |||
Gross Amount Carried - Building and Improvements | 3,456 | |||
Gross Amount Carried - FF&E | 747 | |||
Total | 5,697 | |||
Accumulated Depreciation | 702 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Minneapolis Brooklyn Center [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,367 | |||
Initial Cost - Building | 2,491 | |||
Initial Cost - FF&E | 38 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 126 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 368 | |||
Gross Amount Carried - Land and Improvements | 1,416 | |||
Gross Amount Carried - Building and Improvements | 2,617 | |||
Gross Amount Carried - FF&E | 406 | |||
Total | 4,439 | |||
Accumulated Depreciation | 557 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Minneapolis Airport Eagan [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,517 | |||
Initial Cost - Building | 2,133 | |||
Initial Cost - FF&E | 51 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 378 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 684 | |||
Gross Amount Carried - Land and Improvements | 1,562 | |||
Gross Amount Carried - Building and Improvements | 2,511 | |||
Gross Amount Carried - FF&E | 735 | |||
Total | 4,808 | |||
Accumulated Depreciation | 584 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Minneapolis Airport Eagan [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,888 | |||
Initial Cost - Building | 2,331 | |||
Initial Cost - FF&E | 60 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 195 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 402 | |||
Gross Amount Carried - Land and Improvements | 1,985 | |||
Gross Amount Carried - Building and Improvements | 2,526 | |||
Gross Amount Carried - FF&E | 462 | |||
Total | 4,973 | |||
Accumulated Depreciation | 615 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Minneapolis Eden Prairie Technology Drive [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,199 | |||
Initial Cost - Building | 2,289 | |||
Initial Cost - FF&E | 36 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 429 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 733 | |||
Gross Amount Carried - Land and Improvements | 1,256 | |||
Gross Amount Carried - Building and Improvements | 2,718 | |||
Gross Amount Carried - FF&E | 769 | |||
Total | 4,743 | |||
Accumulated Depreciation | 593 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Minneapolis Eden Prairie Valley View R [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,614 | |||
Initial Cost - Building | 3,658 | |||
Initial Cost - FF&E | 39 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 378 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 671 | |||
Gross Amount Carried - Land and Improvements | 1,682 | |||
Gross Amount Carried - Building and Improvements | 4,036 | |||
Gross Amount Carried - FF&E | 710 | |||
Total | 6,428 | |||
Accumulated Depreciation | 720 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Minneapolis Maple Grove [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,543 | |||
Initial Cost - Building | 560 | |||
Initial Cost - FF&E | 38 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 104 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 211 | |||
Gross Amount Carried - Land and Improvements | 2,595 | |||
Gross Amount Carried - Building and Improvements | 664 | |||
Gross Amount Carried - FF&E | 249 | |||
Total | 3,508 | |||
Accumulated Depreciation | 278 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Rochester North [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,146 | |||
Initial Cost - Building | 1,797 | |||
Initial Cost - FF&E | 48 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 105 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 258 | |||
Gross Amount Carried - Land and Improvements | 1,200 | |||
Gross Amount Carried - Building and Improvements | 1,902 | |||
Gross Amount Carried - FF&E | 306 | |||
Total | 3,408 | |||
Accumulated Depreciation | 437 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Rochester South [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,119 | |||
Initial Cost - Building | 1,439 | |||
Initial Cost - FF&E | 50 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 42 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 245 | |||
Gross Amount Carried - Land and Improvements | 1,177 | |||
Gross Amount Carried - Building and Improvements | 1,481 | |||
Gross Amount Carried - FF&E | 295 | |||
Total | 2,953 | |||
Accumulated Depreciation | 394 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Minneapolis Woodbury [Member] | MINNESOTA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,805 | |||
Initial Cost - Building | 2,559 | |||
Initial Cost - FF&E | 43 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 34 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 324 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 699 | |||
Gross Amount Carried - Land and Improvements | 1,839 | |||
Gross Amount Carried - Building and Improvements | 2,883 | |||
Gross Amount Carried - FF&E | 742 | |||
Total | 5,464 | |||
Accumulated Depreciation | 943 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
St Louis Airport Central [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,743 | |||
Initial Cost - Building | 1,010 | |||
Initial Cost - FF&E | 57 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 135 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 546 | |||
Gross Amount Carried - Land and Improvements | 1,827 | |||
Gross Amount Carried - Building and Improvements | 1,145 | |||
Gross Amount Carried - FF&E | 603 | |||
Total | 3,575 | |||
Accumulated Depreciation | 463 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Columbia Stadium Blvd [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 734 | |||
Initial Cost - Building | 2,511 | |||
Initial Cost - FF&E | 91 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 181 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 234 | |||
Gross Amount Carried - Land and Improvements | 817 | |||
Gross Amount Carried - Building and Improvements | 2,692 | |||
Gross Amount Carried - FF&E | 325 | |||
Total | 3,834 | |||
Accumulated Depreciation | 582 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
St Louis Earth City [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,394 | |||
Initial Cost - Building | 721 | |||
Initial Cost - FF&E | 34 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 145 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 355 | |||
Gross Amount Carried - Land and Improvements | 1,476 | |||
Gross Amount Carried - Building and Improvements | 866 | |||
Gross Amount Carried - FF&E | 389 | |||
Total | 2,731 | |||
Accumulated Depreciation | 372 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
St Louis Airport Chapel Ridge Road [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,047 | |||
Initial Cost - FF&E | 33 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 123 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 319 | |||
Gross Amount Carried - Land and Improvements | 1,128 | |||
Gross Amount Carried - Building and Improvements | 123 | |||
Gross Amount Carried - FF&E | 352 | |||
Total | 1,603 | |||
Accumulated Depreciation | 199 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1992 | |||
St Louis Airport Chapel Ridge Road [Member] | Minimum [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
St Louis Airport Chapel Ridge Road [Member] | Maximum [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
St Louis Airport N Lindbergh Blvd [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,096 | |||
Initial Cost - Building | 1,583 | |||
Initial Cost - FF&E | 44 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 252 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 428 | |||
Gross Amount Carried - Land and Improvements | 1,146 | |||
Gross Amount Carried - Building and Improvements | 1,835 | |||
Gross Amount Carried - FF&E | 472 | |||
Total | 3,453 | |||
Accumulated Depreciation | 497 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Kansas City Independence [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 467 | |||
Initial Cost - Building | 2,387 | |||
Initial Cost - FF&E | 39 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 180 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 227 | |||
Gross Amount Carried - Land and Improvements | 547 | |||
Gross Amount Carried - Building and Improvements | 2,567 | |||
Gross Amount Carried - FF&E | 266 | |||
Total | 3,380 | |||
Accumulated Depreciation | 735 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 22 years | |||
Kansas City Airport Plaza Circle [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 603 | |||
Initial Cost - Building | 992 | |||
Initial Cost - FF&E | 40 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 103 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 175 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 290 | |||
Gross Amount Carried - Land and Improvements | 706 | |||
Gross Amount Carried - Building and Improvements | 1,167 | |||
Gross Amount Carried - FF&E | 330 | |||
Total | 2,203 | |||
Accumulated Depreciation | 417 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Kansas City Airport Tiffany Springs [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 811 | |||
Initial Cost - Building | 3,292 | |||
Initial Cost - FF&E | 52 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 157 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 353 | |||
Gross Amount Carried - Land and Improvements | 893 | |||
Gross Amount Carried - Building and Improvements | 3,449 | |||
Gross Amount Carried - FF&E | 405 | |||
Total | 4,747 | |||
Accumulated Depreciation | 667 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Kansas City Country Club Plaza [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,028 | |||
Initial Cost - Building | 5,114 | |||
Initial Cost - FF&E | 46 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 501 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 652 | |||
Gross Amount Carried - Land and Improvements | 1,090 | |||
Gross Amount Carried - Building and Improvements | 5,615 | |||
Gross Amount Carried - FF&E | 698 | |||
Total | 7,403 | |||
Accumulated Depreciation | 962 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Kansas City Northeast Worlds of Fun [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 519 | |||
Initial Cost - Building | 1,538 | |||
Initial Cost - FF&E | 46 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 39 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 163 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 300 | |||
Gross Amount Carried - Land and Improvements | 558 | |||
Gross Amount Carried - Building and Improvements | 1,701 | |||
Gross Amount Carried - FF&E | 346 | |||
Total | 2,605 | |||
Accumulated Depreciation | 546 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 24 years | |||
Kansas City South [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,742 | |||
Initial Cost - FF&E | 44 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 347 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 315 | |||
Gross Amount Carried - Land and Improvements | 1,795 | |||
Gross Amount Carried - Building and Improvements | 347 | |||
Gross Amount Carried - FF&E | 359 | |||
Total | 2,501 | |||
Accumulated Depreciation | 492 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Kansas City South [Member] | Minimum [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Kansas City South [Member] | Maximum [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
St Louis Westport Central [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 829 | |||
Initial Cost - Building | 2,112 | |||
Initial Cost - FF&E | 48 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 389 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 777 | |||
Gross Amount Carried - Land and Improvements | 876 | |||
Gross Amount Carried - Building and Improvements | 2,501 | |||
Gross Amount Carried - FF&E | 825 | |||
Total | 4,202 | |||
Accumulated Depreciation | 532 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
St Louis Westport East Lackland Rd [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,334 | |||
Initial Cost - Building | 2,692 | |||
Initial Cost - FF&E | 53 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 157 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 220 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 374 | |||
Gross Amount Carried - Land and Improvements | 1,491 | |||
Gross Amount Carried - Building and Improvements | 2,912 | |||
Gross Amount Carried - FF&E | 427 | |||
Total | 4,830 | |||
Accumulated Depreciation | 703 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Springfield South [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 777 | |||
Initial Cost - Building | 3,170 | |||
Initial Cost - FF&E | 40 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 173 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 290 | |||
Gross Amount Carried - Land and Improvements | 850 | |||
Gross Amount Carried - Building and Improvements | 3,343 | |||
Gross Amount Carried - FF&E | 330 | |||
Total | 4,523 | |||
Accumulated Depreciation | 616 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
St Louis Westport Craig Road [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 982 | |||
Initial Cost - Building | 220 | |||
Initial Cost - FF&E | 33 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 205 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 321 | |||
Gross Amount Carried - Land and Improvements | 1,103 | |||
Gross Amount Carried - Building and Improvements | 425 | |||
Gross Amount Carried - FF&E | 354 | |||
Total | 1,882 | |||
Accumulated Depreciation | 283 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1994 | |||
Depreciable Lives | 24 years | |||
St Louis St Peters [Member] | MISSOURI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,165 | |||
Initial Cost - Building | 3,797 | |||
Initial Cost - FF&E | 44 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 309 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 320 | |||
Gross Amount Carried - Land and Improvements | 1,216 | |||
Gross Amount Carried - Building and Improvements | 4,106 | |||
Gross Amount Carried - FF&E | 364 | |||
Total | 5,686 | |||
Accumulated Depreciation | 747 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Jackson East Beasley Road [Member] | MISSISSIPPI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 265 | |||
Initial Cost - Building | 3,884 | |||
Initial Cost - FF&E | 49 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 143 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 291 | |||
Gross Amount Carried - Land and Improvements | 335 | |||
Gross Amount Carried - Building and Improvements | 4,027 | |||
Gross Amount Carried - FF&E | 340 | |||
Total | 4,702 | |||
Accumulated Depreciation | 697 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Jackson North [Member] | MISSISSIPPI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 256 | |||
Initial Cost - Building | 3,381 | |||
Initial Cost - FF&E | 40 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 122 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 132 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 327 | |||
Gross Amount Carried - Land and Improvements | 378 | |||
Gross Amount Carried - Building and Improvements | 3,513 | |||
Gross Amount Carried - FF&E | 367 | |||
Total | 4,258 | |||
Accumulated Depreciation | 697 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Jackson Ridgeland [Member] | MISSISSIPPI | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 345 | |||
Initial Cost - Building | 3,103 | |||
Initial Cost - FF&E | 33 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 56 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 228 | |||
Gross Amount Carried - Land and Improvements | 427 | |||
Gross Amount Carried - Building and Improvements | 3,159 | |||
Gross Amount Carried - FF&E | 261 | |||
Total | 3,847 | |||
Accumulated Depreciation | 686 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Billings West End [Member] | MONTANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 936 | |||
Initial Cost - Building | 3,915 | |||
Initial Cost - FF&E | 97 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 94 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 48 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 191 | |||
Gross Amount Carried - Land and Improvements | 1,030 | |||
Gross Amount Carried - Building and Improvements | 3,963 | |||
Gross Amount Carried - FF&E | 288 | |||
Total | 5,281 | |||
Accumulated Depreciation | 672 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Great Falls Missouri River [Member] | MONTANA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 834 | |||
Initial Cost - Building | 5,105 | |||
Initial Cost - FF&E | 70 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 61 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 235 | |||
Gross Amount Carried - Land and Improvements | 901 | |||
Gross Amount Carried - Building and Improvements | 5,166 | |||
Gross Amount Carried - FF&E | 305 | |||
Total | 6,372 | |||
Accumulated Depreciation | 799 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Asheville Tunnel Rd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,216,000 | |||
Initial Cost - Building | 2,559,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 165,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 469,000 | |||
Gross Amount Carried - Land and Improvements | 2,276,000 | |||
Gross Amount Carried - Building and Improvements | 2,724,000 | |||
Gross Amount Carried - FF&E | 507,000 | |||
Total | 5,507,000 | |||
Accumulated Depreciation | 511,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Raleigh Cary Harrison Ave [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 791,000 | |||
Initial Cost - Building | 1,353,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 289,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 614,000 | |||
Gross Amount Carried - Land and Improvements | 830,000 | |||
Gross Amount Carried - Building and Improvements | 1,642,000 | |||
Gross Amount Carried - FF&E | 647,000 | |||
Total | 3,119,000 | |||
Accumulated Depreciation | 393,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Raleigh Cary Regency Parkway North [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 903,000 | |||
Initial Cost - Building | 4,357,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 23,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 209,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 555,000 | |||
Gross Amount Carried - Land and Improvements | 926,000 | |||
Gross Amount Carried - Building and Improvements | 4,566,000 | |||
Gross Amount Carried - FF&E | 599,000 | |||
Total | 6,091,000 | |||
Accumulated Depreciation | 737,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Raleigh Cary Regency Parkway South [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,018,000 | |||
Initial Cost - Building | 4,505,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 233,000 | |||
Gross Amount Carried - Land and Improvements | 1,097,000 | |||
Gross Amount Carried - Building and Improvements | 4,583,000 | |||
Gross Amount Carried - FF&E | 286,000 | |||
Total | 5,966,000 | |||
Accumulated Depreciation | 721,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 43 years | |||
Charlotte Airport [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,982,000 | |||
Initial Cost - Building | 636,000 | |||
Initial Cost - FF&E | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 750,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 859,000 | |||
Gross Amount Carried - Land and Improvements | 2,084,000 | |||
Gross Amount Carried - Building and Improvements | 1,386,000 | |||
Gross Amount Carried - FF&E | 926,000 | |||
Total | 4,396,000 | |||
Accumulated Depreciation | 879,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Charlotte Pineville Park Rd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,111,000 | |||
Initial Cost - Building | 3,250,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 470,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 657,000 | |||
Gross Amount Carried - Land and Improvements | 1,171,000 | |||
Gross Amount Carried - Building and Improvements | 3,720,000 | |||
Gross Amount Carried - FF&E | 717,000 | |||
Total | 5,608,000 | |||
Accumulated Depreciation | 957,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Charlotte Pineville Pineville Matthews Rd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,859,000 | |||
Initial Cost - Building | 3,965,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 432,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 773,000 | |||
Gross Amount Carried - Land and Improvements | 1,945,000 | |||
Gross Amount Carried - Building and Improvements | 4,397,000 | |||
Gross Amount Carried - FF&E | 825,000 | |||
Total | 7,167,000 | |||
Accumulated Depreciation | 784,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 43 years | |||
Charlotte Tyvola Rd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,563,000 | |||
Initial Cost - Building | 727,000 | |||
Initial Cost - FF&E | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 396,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 595,000 | |||
Gross Amount Carried - Land and Improvements | 1,627,000 | |||
Gross Amount Carried - Building and Improvements | 1,123,000 | |||
Gross Amount Carried - FF&E | 649,000 | |||
Total | 3,399,000 | |||
Accumulated Depreciation | 621,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Charlotte Tyvola Rd Executive Park [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,232,000 | |||
Initial Cost - FF&E | 19,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 430,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 627,000 | |||
Gross Amount Carried - Land and Improvements | 1,289,000 | |||
Gross Amount Carried - Building and Improvements | 430,000 | |||
Gross Amount Carried - FF&E | 646,000 | |||
Total | 2,365,000 | |||
Accumulated Depreciation | 477,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Charlotte Tyvola Rd Executive Park [Member] | Minimum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Charlotte Tyvola Rd Executive Park [Member] | Maximum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Charlotte University Place [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,208,000 | |||
Initial Cost - Building | 2,903,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -37,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 422,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 686,000 | |||
Gross Amount Carried - Land and Improvements | 1,171,000 | |||
Gross Amount Carried - Building and Improvements | 3,325,000 | |||
Gross Amount Carried - FF&E | 730,000 | |||
Total | 5,226,000 | |||
Accumulated Depreciation | 876,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Charlotte University Place E McCullough Dr [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,045,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 491,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 618,000 | |||
Gross Amount Carried - Land and Improvements | 1,118,000 | |||
Gross Amount Carried - Building and Improvements | 491,000 | |||
Gross Amount Carried - FF&E | 653,000 | |||
Total | 2,262,000 | |||
Accumulated Depreciation | 563,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Charlotte University Place E McCullough Dr [Member] | Minimum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Charlotte University Place E McCullough Dr [Member] | Maximum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Durham Research Triangle Park [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 603,000 | |||
Initial Cost - Building | 1,556,000 | |||
Initial Cost - FF&E | 292,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 231,000 | |||
Gross Amount Carried - Land and Improvements | 741,000 | |||
Gross Amount Carried - Building and Improvements | 1,634,000 | |||
Gross Amount Carried - FF&E | 523,000 | |||
Total | 2,898,000 | |||
Accumulated Depreciation | 378,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 19 years | |||
Durham Research Triangle Park [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 63,000 | |||
Initial Cost - Building | 984,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 124,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 331,000 | |||
Gross Amount Carried - Land and Improvements | 211,000 | |||
Gross Amount Carried - Building and Improvements | 1,108,000 | |||
Gross Amount Carried - FF&E | 364,000 | |||
Total | 1,683,000 | |||
Accumulated Depreciation | 1,007,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Durham Research Triangle Park [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,519,000 | |||
Initial Cost - Building | 351,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 235,000 | |||
Gross Amount Carried - Land and Improvements | 2,548,000 | |||
Gross Amount Carried - Building and Improvements | 403,000 | |||
Gross Amount Carried - FF&E | 277,000 | |||
Total | 3,228,000 | |||
Accumulated Depreciation | 245,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 26 years | |||
Durham Rtp Miami Blvd North [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,215,000 | |||
Initial Cost - Building | 2,397,000 | |||
Initial Cost - FF&E | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 143,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 200,000 | |||
Gross Amount Carried - Land and Improvements | 1,281,000 | |||
Gross Amount Carried - Building and Improvements | 2,540,000 | |||
Gross Amount Carried - FF&E | 254,000 | |||
Total | 4,075,000 | |||
Accumulated Depreciation | 519,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Durham RTP Miami Blvd South [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,405,000 | |||
Initial Cost - Building | 2,370,000 | |||
Initial Cost - FF&E | 107,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 358,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 905,000 | |||
Gross Amount Carried - Land and Improvements | 1,483,000 | |||
Gross Amount Carried - Building and Improvements | 2,728,000 | |||
Gross Amount Carried - FF&E | 1,012,000 | |||
Total | 5,223,000 | |||
Accumulated Depreciation | 686,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 42 years | |||
Durham University [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,208,000 | |||
Initial Cost - Building | 3,006,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 324,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 650,000 | |||
Gross Amount Carried - Land and Improvements | 1,284,000 | |||
Gross Amount Carried - Building and Improvements | 3,330,000 | |||
Gross Amount Carried - FF&E | 693,000 | |||
Total | 5,307,000 | |||
Accumulated Depreciation | 926,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 33 years | |||
Durham University Ivy Creek Blvd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,684,000 | |||
Initial Cost - Building | 3,947,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 338,000 | |||
Gross Amount Carried - Land and Improvements | 1,749,000 | |||
Gross Amount Carried - Building and Improvements | 4,031,000 | |||
Gross Amount Carried - FF&E | 395,000 | |||
Total | 6,175,000 | |||
Accumulated Depreciation | 816,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Fayetteville Cross Creek Mall [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,725,000 | |||
Initial Cost - Building | 9,586,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 309,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 756,000 | |||
Gross Amount Carried - Land and Improvements | 3,818,000 | |||
Gross Amount Carried - Building and Improvements | 9,895,000 | |||
Gross Amount Carried - FF&E | 812,000 | |||
Total | 14,525,000 | |||
Accumulated Depreciation | 1,616,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Fayetteville Owen Dr [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,253,000 | |||
Initial Cost - Building | 7,164,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 602,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 665,000 | |||
Gross Amount Carried - Land and Improvements | 4,309,000 | |||
Gross Amount Carried - Building and Improvements | 7,766,000 | |||
Gross Amount Carried - FF&E | 708,000 | |||
Total | 12,783,000 | |||
Accumulated Depreciation | 1,461,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Greensboro Airport [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,017,000 | |||
Initial Cost - Building | 1,618,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 215,000 | |||
Gross Amount Carried - Land and Improvements | 1,077,000 | |||
Gross Amount Carried - Building and Improvements | 1,696,000 | |||
Gross Amount Carried - FF&E | 271,000 | |||
Total | 3,044,000 | |||
Accumulated Depreciation | 434,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 42 years | |||
Greensboro Wendover Ave [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,047,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 272,000 | |||
Gross Amount Carried - Land and Improvements | 1,153,000 | |||
Gross Amount Carried - Building and Improvements | 101,000 | |||
Gross Amount Carried - FF&E | 305,000 | |||
Total | 1,559,000 | |||
Accumulated Depreciation | 278,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Greensboro Wendover Ave [Member] | Minimum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Greensboro Wendover Ave [Member] | Maximum [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Greensboro Wendover Ave Big Tree Way [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,220,000 | |||
Initial Cost - Building | 1,866,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 492,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 652,000 | |||
Gross Amount Carried - Land and Improvements | 1,319,000 | |||
Gross Amount Carried - Building and Improvements | 2,358,000 | |||
Gross Amount Carried - FF&E | 698,000 | |||
Total | 4,375,000 | |||
Accumulated Depreciation | 861,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Jacksonville Camp Lejeune [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,815,000 | |||
Initial Cost - Building | 10,609,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 408,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 554,000 | |||
Gross Amount Carried - Land and Improvements | 4,879,000 | |||
Gross Amount Carried - Building and Improvements | 11,017,000 | |||
Gross Amount Carried - FF&E | 592,000 | |||
Total | 16,488,000 | |||
Accumulated Depreciation | 1,588,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Raleigh RDU Airport [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 833,000 | |||
Initial Cost - Building | 3,939,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 27,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 260,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 547,000 | |||
Gross Amount Carried - Land and Improvements | 860,000 | |||
Gross Amount Carried - Building and Improvements | 4,199,000 | |||
Gross Amount Carried - FF&E | 590,000 | |||
Total | 5,649,000 | |||
Accumulated Depreciation | 767,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Raleigh Crabtree Valley [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,276,000 | |||
Initial Cost - Building | 2,350,000 | |||
Initial Cost - FF&E | 493,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 269,000 | |||
Gross Amount Carried - Land and Improvements | 1,376,000 | |||
Gross Amount Carried - Building and Improvements | 2,409,000 | |||
Gross Amount Carried - FF&E | 762,000 | |||
Total | 4,547,000 | |||
Accumulated Depreciation | 642,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 20 years | |||
Raleigh North Raleigh [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 634,000 | |||
Initial Cost - Building | 1,414,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 165,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 357,000 | |||
Gross Amount Carried - Land and Improvements | 693,000 | |||
Gross Amount Carried - Building and Improvements | 1,579,000 | |||
Gross Amount Carried - FF&E | 391,000 | |||
Total | 2,663,000 | |||
Accumulated Depreciation | 485,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Raleigh North Raleigh [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,120,000 | |||
Initial Cost - Building | 4,043,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 341,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 533,000 | |||
Gross Amount Carried - Land and Improvements | 1,195,000 | |||
Gross Amount Carried - Building and Improvements | 4,384,000 | |||
Gross Amount Carried - FF&E | 571,000 | |||
Total | 6,150,000 | |||
Accumulated Depreciation | 969,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Raleigh North Raleigh [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 956,000 | |||
Initial Cost - Building | 2,771,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 234,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 389,000 | |||
Gross Amount Carried - Land and Improvements | 1,027,000 | |||
Gross Amount Carried - Building and Improvements | 3,005,000 | |||
Gross Amount Carried - FF&E | 432,000 | |||
Total | 4,464,000 | |||
Accumulated Depreciation | 644,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Raleigh Northeast [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,219,000 | |||
Initial Cost - Building | 2,471,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 154,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 313,000 | |||
Gross Amount Carried - Land and Improvements | 1,300,000 | |||
Gross Amount Carried - Building and Improvements | 2,625,000 | |||
Gross Amount Carried - FF&E | 353,000 | |||
Total | 4,278,000 | |||
Accumulated Depreciation | 490,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 38 years | |||
Wilmington New Centre Drive [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 713,000 | |||
Initial Cost - Building | 3,123,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 255,000 | |||
Gross Amount Carried - Land and Improvements | 771,000 | |||
Gross Amount Carried - Building and Improvements | 3,193,000 | |||
Gross Amount Carried - FF&E | 294,000 | |||
Total | 4,258,000 | |||
Accumulated Depreciation | 542,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 44 years | |||
Winston Salem Hanes Mall Blvd [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 776,000 | |||
Initial Cost - Building | 2,573,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 239,000 | |||
Gross Amount Carried - Land and Improvements | 851,000 | |||
Gross Amount Carried - Building and Improvements | 2,673,000 | |||
Gross Amount Carried - FF&E | 279,000 | |||
Total | 3,803,000 | |||
Accumulated Depreciation | 547,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 32 years | |||
Winston Salem University Parkway [Member] | NORTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,003,000 | |||
Initial Cost - Building | 1,531,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 11,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 222,000 | |||
Gross Amount Carried - Land and Improvements | 1,014,000 | |||
Gross Amount Carried - Building and Improvements | 1,567,000 | |||
Gross Amount Carried - FF&E | 266,000 | |||
Total | 2,847,000 | |||
Accumulated Depreciation | 487,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 24 years | |||
Omaha West [Member] | NEBRASKA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,117,000 | |||
Initial Cost - Building | 2,601,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 139,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 271,000 | |||
Gross Amount Carried - Land and Improvements | 1,196,000 | |||
Gross Amount Carried - Building and Improvements | 2,740,000 | |||
Gross Amount Carried - FF&E | 310,000 | |||
Total | 4,246,000 | |||
Accumulated Depreciation | 658,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Nashua Manchester [Member] | NEW HAMPSHIRE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,526,000 | |||
Initial Cost - Building | 1,771,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 371,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 653,000 | |||
Gross Amount Carried - Land and Improvements | 2,570,000 | |||
Gross Amount Carried - Building and Improvements | 2,142,000 | |||
Gross Amount Carried - FF&E | 711,000 | |||
Total | 5,423,000 | |||
Accumulated Depreciation | 646,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Mt Olive Budd Lake [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 835,000 | |||
Initial Cost - Building | 3,898,000 | |||
Initial Cost - FF&E | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 418,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 633,000 | |||
Gross Amount Carried - Land and Improvements | 944,000 | |||
Gross Amount Carried - Building and Improvements | 4,316,000 | |||
Gross Amount Carried - FF&E | 736,000 | |||
Total | 5,996,000 | |||
Accumulated Depreciation | 1,018,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Mt Olive Budd Lake [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 43 years | |||
Philadelphia Cherry Hill [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 337,000 | |||
Initial Cost - Building | 2,660,000 | |||
Initial Cost - FF&E | 32,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 383,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 523,000 | |||
Gross Amount Carried - Land and Improvements | 367,000 | |||
Gross Amount Carried - Building and Improvements | 3,043,000 | |||
Gross Amount Carried - FF&E | 555,000 | |||
Total | 3,965,000 | |||
Accumulated Depreciation | 592,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Philadelphia Cherry Hill [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Meadowlands East Rutherford [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 957,000 | |||
Initial Cost - Building | 6,141,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 959,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047,000 | |||
Gross Amount Carried - Land and Improvements | 1,048,000 | |||
Gross Amount Carried - Building and Improvements | 7,100,000 | |||
Gross Amount Carried - FF&E | 1,108,000 | |||
Total | 9,256,000 | |||
Accumulated Depreciation | 1,594,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Meadowlands East Rutherford [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Edison Raritan Center [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,363,000 | |||
Initial Cost - Building | 8,976,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 609,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 961,000 | |||
Gross Amount Carried - Land and Improvements | 1,471,000 | |||
Gross Amount Carried - Building and Improvements | 9,585,000 | |||
Gross Amount Carried - FF&E | 1,009,000 | |||
Total | 12,065,000 | |||
Accumulated Depreciation | 1,780,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Edison Raritan Center [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 37 years | |||
Elizabeth Newark Airport [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 202,000 | |||
Initial Cost - Building | 11,175,000 | |||
Initial Cost - FF&E | 119,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 766,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 911,000 | |||
Gross Amount Carried - Land and Improvements | 265,000 | |||
Gross Amount Carried - Building and Improvements | 11,941,000 | |||
Gross Amount Carried - FF&E | 1,030,000 | |||
Total | 13,236,000 | |||
Accumulated Depreciation | 3,200,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Elizabeth Newark Airport [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 42 years | |||
Somerset Franklin [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 761,000 | |||
Initial Cost - Building | 4,096,000 | |||
Initial Cost - FF&E | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 409,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 600,000 | |||
Gross Amount Carried - Land and Improvements | 816,000 | |||
Gross Amount Carried - Building and Improvements | 4,505,000 | |||
Gross Amount Carried - FF&E | 663,000 | |||
Total | 5,984,000 | |||
Accumulated Depreciation | 1,078,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Somerset Franklin [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Philadelphia Maple Shade [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 464,000 | |||
Initial Cost - Building | 2,987,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 23,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 357,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 239,000 | |||
Gross Amount Carried - Land and Improvements | 487,000 | |||
Gross Amount Carried - Building and Improvements | 3,344,000 | |||
Gross Amount Carried - FF&E | 282,000 | |||
Total | 4,113,000 | |||
Accumulated Depreciation | 798,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Philadelphia Maple Shade [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 23 years | |||
Philadelphia Mt Laurel Pacilli Place [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 455,000 | |||
Initial Cost - Building | 4,318,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 320,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 726,000 | |||
Gross Amount Carried - Land and Improvements | 512,000 | |||
Gross Amount Carried - Building and Improvements | 4,638,000 | |||
Gross Amount Carried - FF&E | 784,000 | |||
Total | 5,934,000 | |||
Accumulated Depreciation | 823,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Philadelphia Mt Laurel Pacilli Place [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Philadelphia Mt Laurel Crawford Place [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 313,000 | |||
Initial Cost - Building | 2,632,000 | |||
Initial Cost - FF&E | 31,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 413,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 491,000 | |||
Gross Amount Carried - Land and Improvements | 361,000 | |||
Gross Amount Carried - Building and Improvements | 3,045,000 | |||
Gross Amount Carried - FF&E | 522,000 | |||
Total | 3,928,000 | |||
Accumulated Depreciation | 615,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Philadelphia Mt Laurel Crawford Place [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Piscataway Rutgers University [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 907,000 | |||
Initial Cost - Building | 6,348,000 | |||
Initial Cost - FF&E | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 173,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 638,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 823,000 | |||
Gross Amount Carried - Land and Improvements | 1,080,000 | |||
Gross Amount Carried - Building and Improvements | 6,986,000 | |||
Gross Amount Carried - FF&E | 885,000 | |||
Total | 8,951,000 | |||
Accumulated Depreciation | 1,466,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Piscataway Rutgers University [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Princeton West Windsor [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,758,000 | |||
Initial Cost - Building | 2,042,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 458,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 664,000 | |||
Gross Amount Carried - Land and Improvements | 3,807,000 | |||
Gross Amount Carried - Building and Improvements | 2,500,000 | |||
Gross Amount Carried - FF&E | 709,000 | |||
Total | 7,016,000 | |||
Accumulated Depreciation | 741,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Princeton West Windsor [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 40 years | |||
Ramsey Upper Saddle River [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 704,000 | |||
Initial Cost - Building | 5,013,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 543,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 683,000 | |||
Gross Amount Carried - Land and Improvements | 745,000 | |||
Gross Amount Carried - Building and Improvements | 5,556,000 | |||
Gross Amount Carried - FF&E | 747,000 | |||
Total | 7,048,000 | |||
Accumulated Depreciation | 1,122,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Ramsey Upper Saddle River [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Red Bank Middletown [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,846,000 | |||
Initial Cost - Building | 2,652,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 559,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 773,000 | |||
Gross Amount Carried - Land and Improvements | 2,896,000 | |||
Gross Amount Carried - Building and Improvements | 3,211,000 | |||
Gross Amount Carried - FF&E | 825,000 | |||
Total | 6,932,000 | |||
Accumulated Depreciation | 876,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Red Bank Middletown [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 40 years | |||
Meadowlands Rutherford [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,972,000 | |||
Initial Cost - Building | 4,661,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 631,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 844,000 | |||
Gross Amount Carried - Land and Improvements | 2,048,000 | |||
Gross Amount Carried - Building and Improvements | 5,292,000 | |||
Gross Amount Carried - FF&E | 893,000 | |||
Total | 8,233,000 | |||
Accumulated Depreciation | 1,277,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Meadowlands Rutherford [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Princeton South Brunswick [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 761,000 | |||
Initial Cost - Building | 3,728,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 518,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 825,000 | |||
Gross Amount Carried - Land and Improvements | 887,000 | |||
Gross Amount Carried - Building and Improvements | 4,246,000 | |||
Gross Amount Carried - FF&E | 875,000 | |||
Total | 6,008,000 | |||
Accumulated Depreciation | 1,247,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Princeton South Brunswick [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Secaucus Meadowlands [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,644,000 | |||
Initial Cost - Building | 13,946,000 | |||
Initial Cost - FF&E | 122,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 672,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 845,000 | |||
Gross Amount Carried - Land and Improvements | 1,743,000 | |||
Gross Amount Carried - Building and Improvements | 14,618,000 | |||
Gross Amount Carried - FF&E | 967,000 | |||
Total | 17,328,000 | |||
Accumulated Depreciation | 2,301,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Secaucus Meadowlands [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 42 years | |||
Secaucus New York City Area [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 307,000 | |||
Initial Cost - Building | 20,368,000 | |||
Initial Cost - FF&E | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,104,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,286,000 | |||
Gross Amount Carried - Land and Improvements | 392,000 | |||
Gross Amount Carried - Building and Improvements | 21,472,000 | |||
Gross Amount Carried - FF&E | 1,359,000 | |||
Total | 23,223,000 | |||
Accumulated Depreciation | 8,230,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Secaucus New York City Area [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 40 years | |||
Hanover Parsippany [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,549,000 | |||
Initial Cost - Building | 6,181,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 820,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 956,000 | |||
Gross Amount Carried - Land and Improvements | 3,646,000 | |||
Gross Amount Carried - Building and Improvements | 7,001,000 | |||
Gross Amount Carried - FF&E | 1,016,000 | |||
Total | 11,663,000 | |||
Accumulated Depreciation | 1,554,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Hanover Parsippany [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Newark Woodbridge [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,814,000 | |||
Initial Cost - Building | 9,316,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 952,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,122,000 | |||
Gross Amount Carried - Land and Improvements | 1,955,000 | |||
Gross Amount Carried - Building and Improvements | 10,268,000 | |||
Gross Amount Carried - FF&E | 1,183,000 | |||
Total | 13,406,000 | |||
Accumulated Depreciation | 2,079,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Newark Woodbridge [Member] | Minimum [Member] | NEW JERSEY | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Albuquerque Airport [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 747,000 | |||
Initial Cost - Building | 2,314,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 269,000 | |||
Gross Amount Carried - Land and Improvements | 810,000 | |||
Gross Amount Carried - Building and Improvements | 2,405,000 | |||
Gross Amount Carried - FF&E | 316,000 | |||
Total | 3,531,000 | |||
Accumulated Depreciation | 710,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Albuquerque Airport [Member] | Minimum [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 24 years | |||
Albuquerque Northeast [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,012,000 | |||
Initial Cost - Building | 1,233,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 121,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 259,000 | |||
Gross Amount Carried - Land and Improvements | 1,059,000 | |||
Gross Amount Carried - Building and Improvements | 1,354,000 | |||
Gross Amount Carried - FF&E | 301,000 | |||
Total | 2,714,000 | |||
Accumulated Depreciation | 534,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Albuquerque Northeast [Member] | Minimum [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 23 years | |||
Albuquerque Rio Rancho [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,051,000 | |||
Initial Cost - Building | 4,453,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 264,000 | |||
Gross Amount Carried - Land and Improvements | 1,084,000 | |||
Gross Amount Carried - Building and Improvements | 4,594,000 | |||
Gross Amount Carried - FF&E | 302,000 | |||
Total | 5,980,000 | |||
Accumulated Depreciation | 718,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Albuquerque Rio Rancho [Member] | Minimum [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Albuquerque Rio Rancho Blvd [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,561,000 | |||
Initial Cost - Building | 5,734,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 201,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 336,000 | |||
Gross Amount Carried - Land and Improvements | 1,626,000 | |||
Gross Amount Carried - Building and Improvements | 5,935,000 | |||
Gross Amount Carried - FF&E | 387,000 | |||
Total | 7,948,000 | |||
Accumulated Depreciation | 938,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Albuquerque Rio Rancho Blvd [Member] | Minimum [Member] | NEW MEXICO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Las Vegas Boulder Highway [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,804,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 162,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 401,000 | |||
Gross Amount Carried - Land and Improvements | 1,859,000 | |||
Gross Amount Carried - Building and Improvements | 162,000 | |||
Gross Amount Carried - FF&E | 442,000 | |||
Total | 2,463,000 | |||
Accumulated Depreciation | 288,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1992 | |||
Depreciable Lives | 6 years | |||
Las Vegas Boulder Highway [Member] | Maximum [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Las Vegas East Flamingo [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,914,000 | |||
Initial Cost - Building | 3,649,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 229,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 503,000 | |||
Gross Amount Carried - Land and Improvements | 1,964,000 | |||
Gross Amount Carried - Building and Improvements | 3,878,000 | |||
Gross Amount Carried - FF&E | 559,000 | |||
Total | 6,401,000 | |||
Accumulated Depreciation | 813,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Las Vegas East Flamingo [Member] | Minimum [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Las Vegas Midtown [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,782,000 | |||
Initial Cost - Building | 3,495,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 365,000 | |||
Gross Amount Carried - Land and Improvements | 1,846,000 | |||
Gross Amount Carried - Building and Improvements | 3,595,000 | |||
Gross Amount Carried - FF&E | 410,000 | |||
Total | 5,851,000 | |||
Accumulated Depreciation | 670,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Las Vegas Midtown [Member] | Minimum [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Las Vegas Valley View [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,230,000 | |||
Initial Cost - Building | 7,604,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 230,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 567,000 | |||
Gross Amount Carried - Land and Improvements | 2,316,000 | |||
Gross Amount Carried - Building and Improvements | 7,834,000 | |||
Gross Amount Carried - FF&E | 631,000 | |||
Total | 10,781,000 | |||
Accumulated Depreciation | 1,361,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Las Vegas Valley View [Member] | Minimum [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 32 years | |||
Reno South Meadows [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,771,000 | |||
Initial Cost - Building | 4,821,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 134,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 194,000 | |||
Gross Amount Carried - Land and Improvements | 1,835,000 | |||
Gross Amount Carried - Building and Improvements | 4,955,000 | |||
Gross Amount Carried - FF&E | 278,000 | |||
Total | 7,068,000 | |||
Accumulated Depreciation | 777,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Reno South Meadows [Member] | Minimum [Member] | NEVADA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 42 years | |||
Albany SUNY [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,246,000 | |||
Initial Cost - Building | 6,462,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 752,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 970,000 | |||
Gross Amount Carried - Land and Improvements | 1,297,000 | |||
Gross Amount Carried - Building and Improvements | 7,214,000 | |||
Gross Amount Carried - FF&E | 1,017,000 | |||
Total | 9,528,000 | |||
Accumulated Depreciation | 1,374,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Albany SUNY [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 36 years | |||
Buffalo Amherst [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 665,000 | |||
Initial Cost - Building | 5,464,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 393,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 811,000 | |||
Gross Amount Carried - Land and Improvements | 730,000 | |||
Gross Amount Carried - Building and Improvements | 5,857,000 | |||
Gross Amount Carried - FF&E | 854,000 | |||
Total | 7,441,000 | |||
Accumulated Depreciation | 1,174,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Buffalo Amherst [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 37 years | |||
Long Island Bethpage [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,024,000 | |||
Initial Cost - Building | 7,727,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 546,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 781,000 | |||
Gross Amount Carried - Land and Improvements | 4,128,000 | |||
Gross Amount Carried - Building and Improvements | 8,273,000 | |||
Gross Amount Carried - FF&E | 825,000 | |||
Total | 13,226,000 | |||
Accumulated Depreciation | 1,382,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Long Island Bethpage [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 39 years | |||
Syracuse Dewitt [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 669,000 | |||
Initial Cost - Building | 4,692,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 169,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 550,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 775,000 | |||
Gross Amount Carried - Land and Improvements | 838,000 | |||
Gross Amount Carried - Building and Improvements | 5,242,000 | |||
Gross Amount Carried - FF&E | 818,000 | |||
Total | 6,898,000 | |||
Accumulated Depreciation | 1,202,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Syracuse Dewitt [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 36 years | |||
White Plains Elmsford [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,124,000 | |||
Initial Cost - Building | 12,986,000 | |||
Initial Cost - FF&E | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 421,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,007,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,052,000 | |||
Gross Amount Carried - Land and Improvements | 1,545,000 | |||
Gross Amount Carried - Building and Improvements | 13,993,000 | |||
Gross Amount Carried - FF&E | 1,126,000 | |||
Total | 16,664,000 | |||
Accumulated Depreciation | 2,239,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
White Plains Elmsford [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 40 years | |||
Fishkill Route Nine [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,616,000 | |||
Initial Cost - Building | 6,316,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 124,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 307,000 | |||
Gross Amount Carried - Land and Improvements | 1,663,000 | |||
Gross Amount Carried - Building and Improvements | 6,440,000 | |||
Gross Amount Carried - FF&E | 354,000 | |||
Total | 8,457,000 | |||
Accumulated Depreciation | 982,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Fishkill Route Nine [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 38 years | |||
Fishkill Westage Center [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 946,000 | |||
Initial Cost - Building | 5,653,000 | |||
Initial Cost - FF&E | 111,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 384,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 650,000 | |||
Gross Amount Carried - Land and Improvements | 1,021,000 | |||
Gross Amount Carried - Building and Improvements | 6,037,000 | |||
Gross Amount Carried - FF&E | 761,000 | |||
Total | 7,819,000 | |||
Accumulated Depreciation | 1,104,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Fishkill Westage Center [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 44 years | |||
Long Island Melville [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 7,498,000 | |||
Initial Cost - Building | 10,315,000 | |||
Initial Cost - FF&E | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 600,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 946,000 | |||
Gross Amount Carried - Land and Improvements | 7,582,000 | |||
Gross Amount Carried - Building and Improvements | 10,915,000 | |||
Gross Amount Carried - FF&E | 1,019,000 | |||
Total | 19,516,000 | |||
Accumulated Depreciation | 1,678,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Long Island Melville [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 40 years | |||
Rochester Greece [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,005,000 | |||
Initial Cost - Building | 4,662,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 571,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 846,000 | |||
Gross Amount Carried - Land and Improvements | 1,042,000 | |||
Gross Amount Carried - Building and Improvements | 5,233,000 | |||
Gross Amount Carried - FF&E | 891,000 | |||
Total | 7,166,000 | |||
Accumulated Depreciation | 1,118,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Rochester Greece [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 36 years | |||
Rochester Henrietta [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,061,000 | |||
Initial Cost - Building | 7,451,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 502,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 843,000 | |||
Gross Amount Carried - Land and Improvements | 1,102,000 | |||
Gross Amount Carried - Building and Improvements | 7,953,000 | |||
Gross Amount Carried - FF&E | 888,000 | |||
Total | 9,943,000 | |||
Accumulated Depreciation | 1,396,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Rochester Henrietta [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 36 years | |||
New York City LaGuardia Airport [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 8,634,000 | |||
Initial Cost - Building | 14,468,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 661,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 897,000 | |||
Gross Amount Carried - Land and Improvements | 8,735,000 | |||
Gross Amount Carried - Building and Improvements | 15,129,000 | |||
Gross Amount Carried - FF&E | 981,000 | |||
Total | 24,845,000 | |||
Accumulated Depreciation | 2,206,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
New York City LaGuardia Airport [Member] | Minimum [Member] | NEW YORK | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 41 years | |||
Cincinnati Blue Ash [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 956,000 | |||
Initial Cost - Building | 697,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 336,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 815,000 | |||
Gross Amount Carried - Land and Improvements | 1,029,000 | |||
Gross Amount Carried - Building and Improvements | 1,033,000 | |||
Gross Amount Carried - FF&E | 861,000 | |||
Total | 2,923,000 | |||
Accumulated Depreciation | 366,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 38 years | |||
Cincinnati Blue Ash Kenwood Road [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 928,000 | |||
Initial Cost - Building | 2,223,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 81,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 302,000 | |||
Gross Amount Carried - Land and Improvements | 975,000 | |||
Gross Amount Carried - Building and Improvements | 2,304,000 | |||
Gross Amount Carried - FF&E | 352,000 | |||
Total | 3,631,000 | |||
Accumulated Depreciation | 582,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 29 years | |||
Cincinnati Blue Ash Reagan Highway [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 535,000 | |||
Initial Cost - Building | 651,000 | |||
Initial Cost - FF&E | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 244,000 | |||
Gross Amount Carried - Land and Improvements | 620,000 | |||
Gross Amount Carried - Building and Improvements | 703,000 | |||
Gross Amount Carried - FF&E | 272,000 | |||
Total | 1,595,000 | |||
Accumulated Depreciation | 255,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1991 | |||
Depreciable Lives | 31 years | |||
Cleveland Brooklyn [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,006,000 | |||
Initial Cost - Building | 3,280,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 135,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 641,000 | |||
Gross Amount Carried - Land and Improvements | 1,072,000 | |||
Gross Amount Carried - Building and Improvements | 3,415,000 | |||
Gross Amount Carried - FF&E | 683,000 | |||
Total | 5,170,000 | |||
Accumulated Depreciation | 660,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Columbus East [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,036,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 257,000 | |||
Gross Amount Carried - Land and Improvements | 1,162,000 | |||
Gross Amount Carried - Building and Improvements | 65,000 | |||
Gross Amount Carried - FF&E | 286,000 | |||
Total | 1,513,000 | |||
Accumulated Depreciation | 213,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1989 | |||
Columbus East [Member] | Minimum [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Columbus East [Member] | Maximum [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Columbus Easton [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,185,000 | |||
Initial Cost - Building | 4,416,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 553,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 635,000 | |||
Gross Amount Carried - Land and Improvements | 1,297,000 | |||
Gross Amount Carried - Building and Improvements | 4,969,000 | |||
Gross Amount Carried - FF&E | 685,000 | |||
Total | 6,951,000 | |||
Accumulated Depreciation | 918,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Columbus North [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 824,000 | |||
Initial Cost - Building | 1,251,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 110,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 325,000 | |||
Gross Amount Carried - Land and Improvements | 879,000 | |||
Gross Amount Carried - Building and Improvements | 1,361,000 | |||
Gross Amount Carried - FF&E | 368,000 | |||
Total | 2,608,000 | |||
Accumulated Depreciation | 407,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Columbus Polaris [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,431,000 | |||
Initial Cost - Building | 5,351,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 696,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,065,000 | |||
Gross Amount Carried - Land and Improvements | 1,529,000 | |||
Gross Amount Carried - Building and Improvements | 6,047,000 | |||
Gross Amount Carried - FF&E | 1,126,000 | |||
Total | 8,702,000 | |||
Accumulated Depreciation | 1,165,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Columbus Worthington [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 781,000 | |||
Initial Cost - Building | 1,115,000 | |||
Initial Cost - FF&E | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 270,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 257,000 | |||
Gross Amount Carried - Land and Improvements | 857,000 | |||
Gross Amount Carried - Building and Improvements | 1,385,000 | |||
Gross Amount Carried - FF&E | 293,000 | |||
Total | 2,535,000 | |||
Accumulated Depreciation | 434,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Akron Copley [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 795,000 | |||
Initial Cost - Building | 240,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 281,000 | |||
Gross Amount Carried - Land and Improvements | 871,000 | |||
Gross Amount Carried - Building and Improvements | 335,000 | |||
Gross Amount Carried - FF&E | 325,000 | |||
Total | 1,531,000 | |||
Accumulated Depreciation | 259,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Akron Copley [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 875,000 | |||
Initial Cost - Building | 1,080,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 164,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 291,000 | |||
Gross Amount Carried - Land and Improvements | 933,000 | |||
Gross Amount Carried - Building and Improvements | 1,244,000 | |||
Gross Amount Carried - FF&E | 326,000 | |||
Total | 2,503,000 | |||
Accumulated Depreciation | 321,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Dayton North [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 813,000 | |||
Initial Cost - Building | 3,567,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 182,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 373,000 | |||
Gross Amount Carried - Land and Improvements | 908,000 | |||
Gross Amount Carried - Building and Improvements | 3,749,000 | |||
Gross Amount Carried - FF&E | 422,000 | |||
Total | 5,079,000 | |||
Accumulated Depreciation | 729,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Dayton South [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 500,000 | |||
Initial Cost - Building | 1,899,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 245,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 243,000 | |||
Gross Amount Carried - Land and Improvements | 608,000 | |||
Gross Amount Carried - Building and Improvements | 2,144,000 | |||
Gross Amount Carried - FF&E | 272,000 | |||
Total | 3,024,000 | |||
Accumulated Depreciation | 489,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1989 | |||
Depreciable Lives | 29 years | |||
Columbus Dublin [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,329,000 | |||
Initial Cost - Building | 1,294,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 430,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 670,000 | |||
Gross Amount Carried - Land and Improvements | 1,375,000 | |||
Gross Amount Carried - Building and Improvements | 1,724,000 | |||
Gross Amount Carried - FF&E | 708,000 | |||
Total | 3,807,000 | |||
Accumulated Depreciation | 495,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Columbus Sawmill Rd [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 577,000 | |||
Initial Cost - Building | 460,000 | |||
Initial Cost - FF&E | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 111,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 279,000 | |||
Gross Amount Carried - Land and Improvements | 646,000 | |||
Gross Amount Carried - Building and Improvements | 571,000 | |||
Gross Amount Carried - FF&E | 307,000 | |||
Total | 1,524,000 | |||
Accumulated Depreciation | 263,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 30 years | |||
Columbus Tuttle [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 863,000 | |||
Initial Cost - Building | 3,396,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 297,000 | |||
Gross Amount Carried - Land and Improvements | 891,000 | |||
Gross Amount Carried - Building and Improvements | 3,455,000 | |||
Gross Amount Carried - FF&E | 347,000 | |||
Total | 4,693,000 | |||
Accumulated Depreciation | 607,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Dayton Fairborn [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 757,000 | |||
Initial Cost - Building | 2,848,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 124,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 337,000 | |||
Gross Amount Carried - Land and Improvements | 845,000 | |||
Gross Amount Carried - Building and Improvements | 2,972,000 | |||
Gross Amount Carried - FF&E | 371,000 | |||
Total | 4,188,000 | |||
Accumulated Depreciation | 709,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Cincinnati Fairfield [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 459,000 | |||
Initial Cost - Building | 1,293,000 | |||
Initial Cost - FF&E | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 139,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 214,000 | |||
Gross Amount Carried - Land and Improvements | 598,000 | |||
Gross Amount Carried - Building and Improvements | 1,383,000 | |||
Gross Amount Carried - FF&E | 242,000 | |||
Total | 2,223,000 | |||
Accumulated Depreciation | 365,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1989 | |||
Depreciable Lives | 29 years | |||
Findlay Tiffin Avenue [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 671,000 | |||
Initial Cost - Building | 2,596,000 | |||
Initial Cost - FF&E | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 105,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 281,000 | |||
Gross Amount Carried - Land and Improvements | 747,000 | |||
Gross Amount Carried - Building and Improvements | 2,701,000 | |||
Gross Amount Carried - FF&E | 358,000 | |||
Total | 3,806,000 | |||
Accumulated Depreciation | 561,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 43 years | |||
Toledo Holland [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,002,000 | |||
Initial Cost - Building | 2,986,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 260,000 | |||
Gross Amount Carried - Land and Improvements | 1,040,000 | |||
Gross Amount Carried - Building and Improvements | 3,089,000 | |||
Gross Amount Carried - FF&E | 305,000 | |||
Total | 4,434,000 | |||
Accumulated Depreciation | 533,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Toledo Maumee [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 912,000 | |||
Initial Cost - Building | 740,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 207,000 | |||
Gross Amount Carried - Land and Improvements | 986,000 | |||
Gross Amount Carried - Building and Improvements | 832,000 | |||
Gross Amount Carried - FF&E | 241,000 | |||
Total | 2,059,000 | |||
Accumulated Depreciation | 297,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Cleveland Middleburg Heights [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 980,000 | |||
Initial Cost - Building | 727,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 327,000 | |||
Gross Amount Carried - Land and Improvements | 1,036,000 | |||
Gross Amount Carried - Building and Improvements | 824,000 | |||
Gross Amount Carried - FF&E | 360,000 | |||
Total | 2,220,000 | |||
Accumulated Depreciation | 355,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Cleveland Airport North Olmsted [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,169,000 | |||
Initial Cost - Building | 909,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 159,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 397,000 | |||
Gross Amount Carried - Land and Improvements | 1,230,000 | |||
Gross Amount Carried - Building and Improvements | 1,068,000 | |||
Gross Amount Carried - FF&E | 442,000 | |||
Total | 2,740,000 | |||
Accumulated Depreciation | 440,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Cleveland North Olmsted Great Northern Mall [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,079,000 | |||
Initial Cost - Building | 563,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 344,000 | |||
Gross Amount Carried - Land and Improvements | 1,149,000 | |||
Gross Amount Carried - Building and Improvements | 650,000 | |||
Gross Amount Carried - FF&E | 385,000 | |||
Total | 2,184,000 | |||
Accumulated Depreciation | 327,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Cleveland Beachwood [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,619,000 | |||
Initial Cost - FF&E | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 361,000 | |||
Gross Amount Carried - Land and Improvements | 1,669,000 | |||
Gross Amount Carried - Building and Improvements | 90,000 | |||
Gross Amount Carried - FF&E | 437,000 | |||
Total | 2,196,000 | |||
Accumulated Depreciation | 370,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 6 years | |||
Cleveland Beachwood [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,288,000 | |||
Initial Cost - Building | 2,514,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 203,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 411,000 | |||
Gross Amount Carried - Land and Improvements | 1,331,000 | |||
Gross Amount Carried - Building and Improvements | 2,717,000 | |||
Gross Amount Carried - FF&E | 470,000 | |||
Total | 4,518,000 | |||
Accumulated Depreciation | 617,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Cincinnati Sharonville [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 972,000 | |||
Initial Cost - Building | 932,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 122,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 338,000 | |||
Gross Amount Carried - Land and Improvements | 1,018,000 | |||
Gross Amount Carried - Building and Improvements | 1,054,000 | |||
Gross Amount Carried - FF&E | 384,000 | |||
Total | 2,456,000 | |||
Accumulated Depreciation | 376,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Cincinnati Springdale I Two Seven Five [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 852,000 | |||
Initial Cost - Building | 1,843,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 167,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 329,000 | |||
Gross Amount Carried - Land and Improvements | 905,000 | |||
Gross Amount Carried - Building and Improvements | 2,010,000 | |||
Gross Amount Carried - FF&E | 374,000 | |||
Total | 3,289,000 | |||
Accumulated Depreciation | 497,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Cincinnati Springdale Tri County Mall [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,052,000 | |||
Initial Cost - FF&E | 28,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -712,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 247,000 | |||
Gross Amount Carried - Land and Improvements | 340,000 | |||
Gross Amount Carried - Building and Improvements | 138,000 | |||
Gross Amount Carried - FF&E | 275,000 | |||
Total | 753,000 | |||
Accumulated Depreciation | 180,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1988 | |||
Cincinnati Springdale Tri County Mall [Member] | Minimum [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Cincinnati Springdale Tri County Mall [Member] | Maximum [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 6 years | |||
Cleveland Westlake [Member] | OHIO | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,569,000 | |||
Initial Cost - Building | 1,329,000 | |||
Initial Cost - FF&E | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 230,000 | |||
Gross Amount Carried - Land and Improvements | 1,616,000 | |||
Gross Amount Carried - Building and Improvements | 1,446,000 | |||
Gross Amount Carried - FF&E | 266,000 | |||
Total | 3,328,000 | |||
Accumulated Depreciation | 363,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 40 years | |||
Oklahoma City Airport [Member] | OKLAHOMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,197,000 | |||
Initial Cost - Building | 1,835,000 | |||
Initial Cost - FF&E | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 161,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 346,000 | |||
Gross Amount Carried - Land and Improvements | 1,285,000 | |||
Gross Amount Carried - Building and Improvements | 1,996,000 | |||
Gross Amount Carried - FF&E | 383,000 | |||
Total | 3,664,000 | |||
Accumulated Depreciation | 426,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Oklahoma City Northwest [Member] | OKLAHOMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,252,000 | |||
Initial Cost - Building | 3,553,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 121,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 361,000 | |||
Gross Amount Carried - Land and Improvements | 1,332,000 | |||
Gross Amount Carried - Building and Improvements | 3,674,000 | |||
Gross Amount Carried - FF&E | 408,000 | |||
Total | 5,414,000 | |||
Accumulated Depreciation | 654,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Oklahoma City NW Expressway [Member] | OKLAHOMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,152,000 | |||
Initial Cost - Building | 2,983,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 366,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 811,000 | |||
Gross Amount Carried - Land and Improvements | 1,217,000 | |||
Gross Amount Carried - Building and Improvements | 3,349,000 | |||
Gross Amount Carried - FF&E | 854,000 | |||
Total | 5,420,000 | |||
Accumulated Depreciation | 653,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Tulsa Central [Member] | OKLAHOMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 900,000 | |||
Initial Cost - Building | 4,798,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 238,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 336,000 | |||
Gross Amount Carried - Land and Improvements | 942,000 | |||
Gross Amount Carried - Building and Improvements | 5,036,000 | |||
Gross Amount Carried - FF&E | 379,000 | |||
Total | 6,357,000 | |||
Accumulated Depreciation | 930,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Tulsa Midtown [Member] | OKLAHOMA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 807,000 | |||
Initial Cost - Building | 2,461,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 130,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 346,000 | |||
Gross Amount Carried - Land and Improvements | 892,000 | |||
Gross Amount Carried - Building and Improvements | 2,591,000 | |||
Gross Amount Carried - FF&E | 381,000 | |||
Total | 3,864,000 | |||
Accumulated Depreciation | 627,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Portland Beaverton [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,210,000 | |||
Initial Cost - Building | 4,410,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 648,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 927,000 | |||
Gross Amount Carried - Land and Improvements | 3,264,000 | |||
Gross Amount Carried - Building and Improvements | 5,058,000 | |||
Gross Amount Carried - FF&E | 977,000 | |||
Total | 9,299,000 | |||
Accumulated Depreciation | 1,261,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Portland Beaverton Eider Court [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,856,000 | |||
Initial Cost - Building | 5,825,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 485,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 728,000 | |||
Gross Amount Carried - Land and Improvements | 1,901,000 | |||
Gross Amount Carried - Building and Improvements | 6,310,000 | |||
Gross Amount Carried - FF&E | 772,000 | |||
Total | 8,983,000 | |||
Accumulated Depreciation | 1,064,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Portland Hillsboro [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,174,000 | |||
Initial Cost - Building | 8,101,000 | |||
Initial Cost - FF&E | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 895,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,099,000 | |||
Gross Amount Carried - Land and Improvements | 4,233,000 | |||
Gross Amount Carried - Building and Improvements | 8,996,000 | |||
Gross Amount Carried - FF&E | 1,162,000 | |||
Total | 14,391,000 | |||
Accumulated Depreciation | 1,449,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Portland Gresham [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,009,000 | |||
Initial Cost - Building | 2,822,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 468,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 652,000 | |||
Gross Amount Carried - Land and Improvements | 2,065,000 | |||
Gross Amount Carried - Building and Improvements | 3,290,000 | |||
Gross Amount Carried - FF&E | 690,000 | |||
Total | 6,045,000 | |||
Accumulated Depreciation | 663,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Salem North [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,490,000 | |||
Initial Cost - Building | 2,141,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 11,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 182,000 | |||
Gross Amount Carried - Land and Improvements | 1,501,000 | |||
Gross Amount Carried - Building and Improvements | 2,199,000 | |||
Gross Amount Carried - FF&E | 224,000 | |||
Total | 3,924,000 | |||
Accumulated Depreciation | 582,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 24 years | |||
Eugene Springfield [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,431,000 | |||
Initial Cost - Building | 2,879,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 12,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 120,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 296,000 | |||
Gross Amount Carried - Land and Improvements | 1,443,000 | |||
Gross Amount Carried - Building and Improvements | 2,999,000 | |||
Gross Amount Carried - FF&E | 337,000 | |||
Total | 4,779,000 | |||
Accumulated Depreciation | 781,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 22 years | |||
Portland Tigard [Member] | OREGON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,425,000 | |||
Initial Cost - Building | 4,456,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 632,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 929,000 | |||
Gross Amount Carried - Land and Improvements | 3,478,000 | |||
Gross Amount Carried - Building and Improvements | 5,088,000 | |||
Gross Amount Carried - FF&E | 977,000 | |||
Total | 9,543,000 | |||
Accumulated Depreciation | 1,251,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Philadelphia Bensalem [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,408,000 | |||
Initial Cost - Building | 6,689,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 496,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 671,000 | |||
Gross Amount Carried - Land and Improvements | 1,487,000 | |||
Gross Amount Carried - Building and Improvements | 7,185,000 | |||
Gross Amount Carried - FF&E | 709,000 | |||
Total | 9,381,000 | |||
Accumulated Depreciation | 1,146,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Allentown Bethlehem [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,054,000 | |||
Initial Cost - Building | 3,922,000 | |||
Initial Cost - FF&E | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 397,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 668,000 | |||
Gross Amount Carried - Land and Improvements | 1,106,000 | |||
Gross Amount Carried - Building and Improvements | 4,319,000 | |||
Gross Amount Carried - FF&E | 764,000 | |||
Total | 6,189,000 | |||
Accumulated Depreciation | 799,000 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Date Acquired | 8-Oct-10 | |||
Pittsburgh Carnegie [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 697,000 | |||
Initial Cost - Building | 6,689,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 509,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 674,000 | |||
Gross Amount Carried - Land and Improvements | 772,000 | |||
Gross Amount Carried - Building and Improvements | 7,198,000 | |||
Gross Amount Carried - FF&E | 715,000 | |||
Total | 8,685,000 | |||
Accumulated Depreciation | 1,311,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Exton [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,343,000 | |||
Initial Cost - Building | 2,198,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 511,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 666,000 | |||
Gross Amount Carried - Land and Improvements | 2,451,000 | |||
Gross Amount Carried - Building and Improvements | 2,709,000 | |||
Gross Amount Carried - FF&E | 710,000 | |||
Total | 5,870,000 | |||
Accumulated Depreciation | 800,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Horsham Dresher Rd [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,691,000 | |||
Initial Cost - Building | 5,111,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 790,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 947,000 | |||
Gross Amount Carried - Land and Improvements | 1,753,000 | |||
Gross Amount Carried - Building and Improvements | 5,901,000 | |||
Gross Amount Carried - FF&E | 996,000 | |||
Total | 8,650,000 | |||
Accumulated Depreciation | 1,354,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Horsham Welsh Rd [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,815,000 | |||
Initial Cost - Building | 2,708,000 | |||
Initial Cost - FF&E | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 545,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 755,000 | |||
Gross Amount Carried - Land and Improvements | 1,844,000 | |||
Gross Amount Carried - Building and Improvements | 3,253,000 | |||
Gross Amount Carried - FF&E | 823,000 | |||
Total | 5,920,000 | |||
Accumulated Depreciation | 918,000 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia King of Prussia [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,871,000 | |||
Initial Cost - Building | 7,293,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 787,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 968,000 | |||
Gross Amount Carried - Land and Improvements | 2,984,000 | |||
Gross Amount Carried - Building and Improvements | 8,080,000 | |||
Gross Amount Carried - FF&E | 1,026,000 | |||
Total | 12,090,000 | |||
Accumulated Depreciation | 1,622,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Malvern Great Valley [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,772,000 | |||
Initial Cost - Building | 2,699,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 518,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 621,000 | |||
Gross Amount Carried - Land and Improvements | 1,837,000 | |||
Gross Amount Carried - Building and Improvements | 3,217,000 | |||
Gross Amount Carried - FF&E | 665,000 | |||
Total | 5,719,000 | |||
Accumulated Depreciation | 852,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Malvern Swedesford Rd [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 78,000 | |||
Initial Cost - Building | 4,384,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 649,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 762,000 | |||
Gross Amount Carried - Land and Improvements | 133,000 | |||
Gross Amount Carried - Building and Improvements | 5,033,000 | |||
Gross Amount Carried - FF&E | 802,000 | |||
Total | 5,968,000 | |||
Accumulated Depreciation | 1,487,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Pittsburgh Monroeville [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,731,000 | |||
Initial Cost - Building | 10,487,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 467,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 635,000 | |||
Gross Amount Carried - Land and Improvements | 1,813,000 | |||
Gross Amount Carried - Building and Improvements | 10,954,000 | |||
Gross Amount Carried - FF&E | 677,000 | |||
Total | 13,444,000 | |||
Accumulated Depreciation | 1,753,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Airport Bartram Ave [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,654,000 | |||
Initial Cost - Building | 7,808,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 486,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 845,000 | |||
Gross Amount Carried - Land and Improvements | 1,738,000 | |||
Gross Amount Carried - Building and Improvements | 8,294,000 | |||
Gross Amount Carried - FF&E | 897,000 | |||
Total | 10,929,000 | |||
Accumulated Depreciation | 1,358,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Airport Tinicum Blvd [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,610,000 | |||
Initial Cost - Building | 9,057,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 702,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,039,000 | |||
Gross Amount Carried - Land and Improvements | 1,704,000 | |||
Gross Amount Carried - Building and Improvements | 9,759,000 | |||
Gross Amount Carried - FF&E | 1,096,000 | |||
Total | 12,559,000 | |||
Accumulated Depreciation | 1,592,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Pittsburgh Airport [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 806,000 | |||
Initial Cost - Building | 6,583,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 252,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 738,000 | |||
Gross Amount Carried - Land and Improvements | 876,000 | |||
Gross Amount Carried - Building and Improvements | 6,835,000 | |||
Gross Amount Carried - FF&E | 791,000 | |||
Total | 8,502,000 | |||
Accumulated Depreciation | 1,028,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Wilkes Barre Hwy Three One Five [Member]. | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 852,000 | |||
Initial Cost - Building | 3,670,000 | |||
Initial Cost - FF&E | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 237,000 | |||
Gross Amount Carried - Land and Improvements | 978,000 | |||
Gross Amount Carried - Building and Improvements | 3,740,000 | |||
Gross Amount Carried - FF&E | 345,000 | |||
Total | 5,063,000 | |||
Accumulated Depreciation | 686,000 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Date Acquired | 8-Oct-10 | |||
Philadelphia Plymouth Meeting [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,111,000 | |||
Initial Cost - Building | 7,505,000 | |||
Initial Cost - FF&E | 120,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,366,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 935,000 | |||
Gross Amount Carried - Land and Improvements | 1,234,000 | |||
Gross Amount Carried - Building and Improvements | 8,871,000 | |||
Gross Amount Carried - FF&E | 1,055,000 | |||
Total | 11,160,000 | |||
Accumulated Depreciation | 1,697,000 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Date Acquired | 8-Oct-10 | |||
Pittsburgh West Mifflin [Member] | PENNSYLVANIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 885,000 | |||
Initial Cost - Building | 7,893,000 | |||
Initial Cost - FF&E | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 403,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 571,000 | |||
Gross Amount Carried - Land and Improvements | 934,000 | |||
Gross Amount Carried - Building and Improvements | 8,296,000 | |||
Gross Amount Carried - FF&E | 666,000 | |||
Total | 9,896,000 | |||
Accumulated Depreciation | 1,339,000 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Date Acquired | 8-Oct-10 | |||
Providence East Providence [Member] | RHODE ISLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,632,000 | |||
Initial Cost - Building | 6,713,000 | |||
Initial Cost - FF&E | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 413,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 653,000 | |||
Gross Amount Carried - Land and Improvements | 1,702,000 | |||
Gross Amount Carried - Building and Improvements | 7,126,000 | |||
Gross Amount Carried - FF&E | 723,000 | |||
Total | 9,551,000 | |||
Accumulated Depreciation | 1,195,000 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Date Acquired | 8-Oct-10 | |||
Providence Airport [Member] | RHODE ISLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,104,000 | |||
Initial Cost - Building | 2,403,000 | |||
Initial Cost - FF&E | 116,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 268,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 429,000 | |||
Gross Amount Carried - Land and Improvements | 1,174,000 | |||
Gross Amount Carried - Building and Improvements | 2,671,000 | |||
Gross Amount Carried - FF&E | 545,000 | |||
Total | 4,390,000 | |||
Accumulated Depreciation | 692,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 44 years | |||
Date Acquired | 8-Oct-10 | |||
Providence Warwick [Member] | RHODE ISLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,563,000 | |||
Initial Cost - Building | 4,097,000 | |||
Initial Cost - FF&E | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 307,000 | |||
Gross Amount Carried - Land and Improvements | 1,642,000 | |||
Gross Amount Carried - Building and Improvements | 4,198,000 | |||
Gross Amount Carried - FF&E | 376,000 | |||
Total | 6,216,000 | |||
Accumulated Depreciation | 742,000 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Date Acquired | 8-Oct-10 | |||
Providence West Warwick [Member] | RHODE ISLAND | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,245,000 | |||
Initial Cost - Building | 5,104,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 132,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 292,000 | |||
Gross Amount Carried - Land and Improvements | 1,299,000 | |||
Gross Amount Carried - Building and Improvements | 5,236,000 | |||
Gross Amount Carried - FF&E | 358,000 | |||
Total | 6,893,000 | |||
Accumulated Depreciation | 842,000 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Date Acquired | 8-Oct-10 | |||
Columbia Ft Jackson [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,397,000 | |||
Initial Cost - Building | 4,865,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 132,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 346,000 | |||
Gross Amount Carried - Land and Improvements | 1,449,000 | |||
Gross Amount Carried - Building and Improvements | 4,997,000 | |||
Gross Amount Carried - FF&E | 390,000 | |||
Total | 6,836,000 | |||
Accumulated Depreciation | 910,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Date Acquired | 8-Oct-10 | |||
Columbia West Interstate One Two Six [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 896,000 | |||
Initial Cost - Building | 2,918,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 367,000 | |||
Gross Amount Carried - Land and Improvements | 988,000 | |||
Gross Amount Carried - Building and Improvements | 3,027,000 | |||
Gross Amount Carried - FF&E | 410,000 | |||
Total | 4,425,000 | |||
Accumulated Depreciation | 668,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Date Acquired | 8-Oct-10 | |||
Columbia West Stoneridge Dr [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 554,000 | |||
Initial Cost - Building | 1,437,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 240,000 | |||
Gross Amount Carried - Land and Improvements | 656,000 | |||
Gross Amount Carried - Building and Improvements | 1,563,000 | |||
Gross Amount Carried - FF&E | 273,000 | |||
Total | 2,492,000 | |||
Accumulated Depreciation | 461,000 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 25 years | |||
Date Acquired | 8-Oct-10 | |||
Greenville Airport [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 727,000 | |||
Initial Cost - Building | 3,464,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 276,000 | |||
Gross Amount Carried - Land and Improvements | 757,000 | |||
Gross Amount Carried - Building and Improvements | 3,522,000 | |||
Gross Amount Carried - FF&E | 316,000 | |||
Total | 4,595,000 | |||
Accumulated Depreciation | 622,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 36 years | |||
Date Acquired | 8-Oct-10 | |||
Greenville Haywood Mall [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 672,000 | |||
Initial Cost - Building | 1,082,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 95,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 281,000 | |||
Gross Amount Carried - Land and Improvements | 755,000 | |||
Gross Amount Carried - Building and Improvements | 1,177,000 | |||
Gross Amount Carried - FF&E | 314,000 | |||
Total | 2,246,000 | |||
Accumulated Depreciation | 399,000 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 25 years | |||
Date Acquired | 8-Oct-10 | |||
Columbia Harbison [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 816,000 | |||
Initial Cost - Building | 3,607,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 359,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 686,000 | |||
Gross Amount Carried - Land and Improvements | 878,000 | |||
Gross Amount Carried - Building and Improvements | 3,966,000 | |||
Gross Amount Carried - FF&E | 745,000 | |||
Total | 5,589,000 | |||
Accumulated Depreciation | 685,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 44 years | |||
Date Acquired | 8-Oct-10 | |||
Charleston Mt Pleasant [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,713,000 | |||
Initial Cost - Building | 5,571,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 513,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 722,000 | |||
Gross Amount Carried - Land and Improvements | 1,781,000 | |||
Gross Amount Carried - Building and Improvements | 6,084,000 | |||
Gross Amount Carried - FF&E | 761,000 | |||
Total | 8,626,000 | |||
Accumulated Depreciation | 1,171,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Charleston Northwoods Blvd [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 563,000 | |||
Initial Cost - Building | 2,087,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 414,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 674,000 | |||
Gross Amount Carried - Land and Improvements | 648,000 | |||
Gross Amount Carried - Building and Improvements | 2,501,000 | |||
Gross Amount Carried - FF&E | 709,000 | |||
Total | 3,858,000 | |||
Accumulated Depreciation | 707,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Date Acquired | 8-Oct-10 | |||
Charleston Airport [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,580,000 | |||
Initial Cost - Building | 5,652,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 166,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 398,000 | |||
Gross Amount Carried - Land and Improvements | 1,651,000 | |||
Gross Amount Carried - Building and Improvements | 5,818,000 | |||
Gross Amount Carried - FF&E | 447,000 | |||
Total | 7,916,000 | |||
Accumulated Depreciation | 1,035,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Charleston North Charleston [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,124,000 | |||
Initial Cost - Building | 4,483,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,051,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 788,000 | |||
Gross Amount Carried - Land and Improvements | 1,212,000 | |||
Gross Amount Carried - Building and Improvements | 5,534,000 | |||
Gross Amount Carried - FF&E | 834,000 | |||
Total | 7,580,000 | |||
Accumulated Depreciation | 1,268,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Date Acquired | 8-Oct-10 | |||
Spartanburg Asheville Hwy [Member] | SOUTH CAROLINA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 708,000 | |||
Initial Cost - Building | 1,721,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 165,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 255,000 | |||
Gross Amount Carried - Land and Improvements | 749,000 | |||
Gross Amount Carried - Building and Improvements | 1,886,000 | |||
Gross Amount Carried - FF&E | 295,000 | |||
Total | 2,930,000 | |||
Accumulated Depreciation | 560,000 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 20 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Brentwood [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 668,000 | |||
Initial Cost - Building | 1,588,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 180,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 293,000 | |||
Gross Amount Carried - Land and Improvements | 713,000 | |||
Gross Amount Carried - Building and Improvements | 1,768,000 | |||
Gross Amount Carried - FF&E | 326,000 | |||
Total | 2,807,000 | |||
Accumulated Depreciation | 520,000 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 20 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Brentwood South [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,271,000 | |||
Initial Cost - Building | 3,746,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 337,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 571,000 | |||
Gross Amount Carried - Land and Improvements | 1,315,000 | |||
Gross Amount Carried - Building and Improvements | 4,083,000 | |||
Gross Amount Carried - FF&E | 615,000 | |||
Total | 6,013,000 | |||
Accumulated Depreciation | 749,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Date Acquired | 8-Oct-10 | |||
Chattanooga Airport [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,045,000 | |||
Initial Cost - Building | 3,840,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 340,000 | |||
Gross Amount Carried - Land and Improvements | 1,088,000 | |||
Gross Amount Carried - Building and Improvements | 3,981,000 | |||
Gross Amount Carried - FF&E | 384,000 | |||
Total | 5,453,000 | |||
Accumulated Depreciation | 782,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Franklin Cool Springs [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,898,000 | |||
Initial Cost - Building | 3,263,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 632,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 864,000 | |||
Gross Amount Carried - Land and Improvements | 1,950,000 | |||
Gross Amount Carried - Building and Improvements | 3,895,000 | |||
Gross Amount Carried - FF&E | 910,000 | |||
Total | 6,755,000 | |||
Accumulated Depreciation | 723,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Date Acquired | 8-Oct-10 | |||
Knoxville Cedar Bluff [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 768,000 | |||
Initial Cost - Building | 3,224,000 | |||
Initial Cost - FF&E | 36,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 104,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 205,000 | |||
Gross Amount Carried - Land and Improvements | 805,000 | |||
Gross Amount Carried - Building and Improvements | 3,328,000 | |||
Gross Amount Carried - FF&E | 241,000 | |||
Total | 4,374,000 | |||
Accumulated Depreciation | 654,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Date Acquired | 8-Oct-10 | |||
Knoxville West Hills [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 570,000 | |||
Initial Cost - Building | 1,826,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 207,000 | |||
Gross Amount Carried - Land and Improvements | 616,000 | |||
Gross Amount Carried - Building and Improvements | 1,877,000 | |||
Gross Amount Carried - FF&E | 236,000 | |||
Total | 2,729,000 | |||
Accumulated Depreciation | 425,000 | |||
Date of Construction | 1990 | |||
Depreciable Lives | 30 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Airport [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 329,000 | |||
Initial Cost - Building | 1,900,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 31,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 137,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 407,000 | |||
Gross Amount Carried - Land and Improvements | 360,000 | |||
Gross Amount Carried - Building and Improvements | 2,037,000 | |||
Gross Amount Carried - FF&E | 473,000 | |||
Total | 2,870,000 | |||
Accumulated Depreciation | 506,000 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Apple Tree [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,052,000 | |||
Initial Cost - FF&E | 29,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 318,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 365,000 | |||
Gross Amount Carried - Land and Improvements | 1,089,000 | |||
Gross Amount Carried - Building and Improvements | 318,000 | |||
Gross Amount Carried - FF&E | 394,000 | |||
Total | 1,801,000 | |||
Accumulated Depreciation | 233,000 | |||
Date of Construction | 1990 | |||
Date Acquired | 8-Oct-10 | |||
Memphis Apple Tree [Member] | Minimum [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Memphis Apple Tree [Member] | Maximum [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Memphis Cordova [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 736,000 | |||
Initial Cost - Building | 1,937,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 425,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 377,000 | |||
Gross Amount Carried - Land and Improvements | 790,000 | |||
Gross Amount Carried - Building and Improvements | 2,362,000 | |||
Gross Amount Carried - FF&E | 411,000 | |||
Total | 3,563,000 | |||
Accumulated Depreciation | 535,000 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 26 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Mt Moriah [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 827,000 | |||
Initial Cost - Building | 1,670,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 740,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 386,000 | |||
Gross Amount Carried - Land and Improvements | 978,000 | |||
Gross Amount Carried - Building and Improvements | 2,410,000 | |||
Gross Amount Carried - FF&E | 431,000 | |||
Total | 3,819,000 | |||
Accumulated Depreciation | 652,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Poplar Avenue [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,445,000 | |||
Initial Cost - Building | 4,416,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 212,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 641,000 | |||
Gross Amount Carried - Land and Improvements | 1,499,000 | |||
Gross Amount Carried - Building and Improvements | 4,628,000 | |||
Gross Amount Carried - FF&E | 701,000 | |||
Total | 6,828,000 | |||
Accumulated Depreciation | 807,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Quail Hollow [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 849,000 | |||
Initial Cost - Building | 3,071,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 422,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 731,000 | |||
Gross Amount Carried - Land and Improvements | 887,000 | |||
Gross Amount Carried - Building and Improvements | 3,493,000 | |||
Gross Amount Carried - FF&E | 773,000 | |||
Total | 5,153,000 | |||
Accumulated Depreciation | 620,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Sycamore View [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 532,000 | |||
Initial Cost - Building | 1,939,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 133,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 287,000 | |||
Gross Amount Carried - Land and Improvements | 590,000 | |||
Gross Amount Carried - Building and Improvements | 2,072,000 | |||
Gross Amount Carried - FF&E | 337,000 | |||
Total | 2,999,000 | |||
Accumulated Depreciation | 474,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 33 years | |||
Date Acquired | 8-Oct-10 | |||
Memphis Wolfchase Galleria [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,137,000 | |||
Initial Cost - Building | 5,177,000 | |||
Initial Cost - FF&E | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 511,000 | |||
Gross Amount Carried - Land and Improvements | 1,210,000 | |||
Gross Amount Carried - Building and Improvements | 5,233,000 | |||
Gross Amount Carried - FF&E | 586,000 | |||
Total | 7,029,000 | |||
Accumulated Depreciation | 899,000 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 41 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Airport [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,033,000 | |||
Initial Cost - Building | 3,649,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 202,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 399,000 | |||
Gross Amount Carried - Land and Improvements | 1,124,000 | |||
Gross Amount Carried - Building and Improvements | 3,851,000 | |||
Gross Amount Carried - FF&E | 441,000 | |||
Total | 5,416,000 | |||
Accumulated Depreciation | 736,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Airport Briley Pkwy [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,008,000 | |||
Initial Cost - Building | 1,455,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 7,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 211,000 | |||
Gross Amount Carried - Land and Improvements | 1,015,000 | |||
Gross Amount Carried - Building and Improvements | 1,549,000 | |||
Gross Amount Carried - FF&E | 250,000 | |||
Total | 2,814,000 | |||
Accumulated Depreciation | 431,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 22 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Airport Elm Hill Pike [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 812,000 | |||
Initial Cost - Building | 1,543,000 | |||
Initial Cost - FF&E | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 282,000 | |||
Gross Amount Carried - Land and Improvements | 895,000 | |||
Gross Amount Carried - Building and Improvements | 1,629,000 | |||
Gross Amount Carried - FF&E | 315,000 | |||
Total | 2,839,000 | |||
Accumulated Depreciation | 464,000 | |||
Date of Construction | 1993 | |||
Depreciable Lives | 23 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Airport Music City [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,779,000 | |||
Initial Cost - Building | 2,379,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 596,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 934,000 | |||
Gross Amount Carried - Land and Improvements | 2,812,000 | |||
Gross Amount Carried - Building and Improvements | 2,975,000 | |||
Gross Amount Carried - FF&E | 990,000 | |||
Total | 6,777,000 | |||
Accumulated Depreciation | 586,000 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Date Acquired | 8-Oct-10 | |||
Nashville Vanderbilt [Member] | TENNESSEE | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,918,000 | |||
Initial Cost - Building | 9,993,000 | |||
Initial Cost - FF&E | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 541,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 818,000 | |||
Gross Amount Carried - Land and Improvements | 1,958,000 | |||
Gross Amount Carried - Building and Improvements | 10,534,000 | |||
Gross Amount Carried - FF&E | 896,000 | |||
Total | 13,388,000 | |||
Accumulated Depreciation | 1,572,000 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Date Acquired | 8-Oct-10 | |||
Amarillo West [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 489,000 | |||
Initial Cost - Building | 3,478,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 103,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 342,000 | |||
Gross Amount Carried - Land and Improvements | 535,000 | |||
Gross Amount Carried - Building and Improvements | 3,581,000 | |||
Gross Amount Carried - FF&E | 387,000 | |||
Total | 4,503,000 | |||
Accumulated Depreciation | 654,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Arlington [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,155,000 | |||
Initial Cost - Building | 871,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 846,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 856,000 | |||
Gross Amount Carried - Land and Improvements | 1,213,000 | |||
Gross Amount Carried - Building and Improvements | 1,717,000 | |||
Gross Amount Carried - FF&E | 899,000 | |||
Total | 3,829,000 | |||
Accumulated Depreciation | 1,005,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
Arlington Six Flags [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 814,000 | |||
Initial Cost - Building | 4,330,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 467,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047,000 | |||
Gross Amount Carried - Land and Improvements | 910,000 | |||
Gross Amount Carried - Building and Improvements | 4,797,000 | |||
Gross Amount Carried - FF&E | 1,104,000 | |||
Total | 6,811,000 | |||
Accumulated Depreciation | 992,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Austin Round Rock South [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 676,000 | |||
Initial Cost - Building | 3,755,000 | |||
Initial Cost - FF&E | 96,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 421,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 714,000 | |||
Gross Amount Carried - Land and Improvements | 736,000 | |||
Gross Amount Carried - Building and Improvements | 4,176,000 | |||
Gross Amount Carried - FF&E | 810,000 | |||
Total | 5,722,000 | |||
Accumulated Depreciation | 978,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Austin Arboretum Capital of Texas Hwy [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 734,000 | |||
Initial Cost - Building | 4,455,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 575,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 664,000 | |||
Gross Amount Carried - Land and Improvements | 805,000 | |||
Gross Amount Carried - Building and Improvements | 5,030,000 | |||
Gross Amount Carried - FF&E | 707,000 | |||
Total | 6,542,000 | |||
Accumulated Depreciation | 959,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Austin Arboretum North [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,080,000 | |||
Initial Cost - Building | 5,322,000 | |||
Initial Cost - FF&E | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 574,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,224,000 | |||
Gross Amount Carried - Land and Improvements | 1,124,000 | |||
Gross Amount Carried - Building and Improvements | 5,896,000 | |||
Gross Amount Carried - FF&E | 1,280,000 | |||
Total | 8,300,000 | |||
Accumulated Depreciation | 1,076,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Austin Arboretum South [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,059,000 | |||
Initial Cost - Building | 2,857,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 794,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,043,000 | |||
Gross Amount Carried - Land and Improvements | 1,133,000 | |||
Gross Amount Carried - Building and Improvements | 3,651,000 | |||
Gross Amount Carried - FF&E | 1,087,000 | |||
Total | 5,871,000 | |||
Accumulated Depreciation | 1,147,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
Austin Downtown Sixth St [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,915,000 | |||
Initial Cost - Building | 12,925,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 423,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 712,000 | |||
Gross Amount Carried - Land and Improvements | 1,972,000 | |||
Gross Amount Carried - Building and Improvements | 13,348,000 | |||
Gross Amount Carried - FF&E | 762,000 | |||
Total | 16,082,000 | |||
Accumulated Depreciation | 1,968,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Austin Downtown Town Lake [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,043,000 | |||
Initial Cost - Building | 11,933,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 791,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,165,000 | |||
Gross Amount Carried - Land and Improvements | 3,099,000 | |||
Gross Amount Carried - Building and Improvements | 12,724,000 | |||
Gross Amount Carried - FF&E | 1,223,000 | |||
Total | 17,046,000 | |||
Accumulated Depreciation | 2,083,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Austin Metro [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 677,000 | |||
Initial Cost - Building | 1,768,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 378,000 | |||
Gross Amount Carried - Land and Improvements | 725,000 | |||
Gross Amount Carried - Building and Improvements | 1,825,000 | |||
Gross Amount Carried - FF&E | 431,000 | |||
Total | 2,981,000 | |||
Accumulated Depreciation | 447,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Austin North Central [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,711,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 320,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 612,000 | |||
Gross Amount Carried - Land and Improvements | 1,805,000 | |||
Gross Amount Carried - Building and Improvements | 320,000 | |||
Gross Amount Carried - FF&E | 670,000 | |||
Total | 2,795,000 | |||
Accumulated Depreciation | 476,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Austin North Central [Member] | Minimum [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 1 year | |||
Austin North Central [Member] | Maximum [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Depreciable Lives | 10 years | |||
Austin Northwest Lakeline Mall [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 601,000 | |||
Initial Cost - Building | 2,842,000 | |||
Initial Cost - FF&E | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 412,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 765,000 | |||
Gross Amount Carried - Land and Improvements | 677,000 | |||
Gross Amount Carried - Building and Improvements | 3,254,000 | |||
Gross Amount Carried - FF&E | 840,000 | |||
Total | 4,771,000 | |||
Accumulated Depreciation | 904,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Austin Northwest Research Park [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,028,000 | |||
Initial Cost - Building | 5,422,000 | |||
Initial Cost - FF&E | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 143,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 856,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,239,000 | |||
Gross Amount Carried - Land and Improvements | 1,171,000 | |||
Gross Amount Carried - Building and Improvements | 6,278,000 | |||
Gross Amount Carried - FF&E | 1,298,000 | |||
Total | 8,747,000 | |||
Accumulated Depreciation | 1,265,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Austin Round Rock North [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 604,000 | |||
Initial Cost - Building | 3,676,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 157,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 259,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 446,000 | |||
Gross Amount Carried - Land and Improvements | 761,000 | |||
Gross Amount Carried - Building and Improvements | 3,935,000 | |||
Gross Amount Carried - FF&E | 496,000 | |||
Total | 5,192,000 | |||
Accumulated Depreciation | 891,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 28 years | |||
Austin Southwest [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,628,000 | |||
Initial Cost - Building | 3,811,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 480,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 804,000 | |||
Gross Amount Carried - Land and Improvements | 4,679,000 | |||
Gross Amount Carried - Building and Improvements | 4,291,000 | |||
Gross Amount Carried - FF&E | 888,000 | |||
Total | 9,858,000 | |||
Accumulated Depreciation | 1,046,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Austin West [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 549,000 | |||
Initial Cost - Building | 1,667,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 354,000 | |||
Gross Amount Carried - Land and Improvements | 604,000 | |||
Gross Amount Carried - Building and Improvements | 1,784,000 | |||
Gross Amount Carried - FF&E | 403,000 | |||
Total | 2,791,000 | |||
Accumulated Depreciation | 575,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Dallas Bedford [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 540,000 | |||
Initial Cost - Building | 2,600,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 267,000 | |||
Gross Amount Carried - Land and Improvements | 657,000 | |||
Gross Amount Carried - Building and Improvements | 2,658,000 | |||
Gross Amount Carried - FF&E | 320,000 | |||
Total | 3,635,000 | |||
Accumulated Depreciation | 535,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 41 years | |||
Corpus Christi Staples [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,246,000 | |||
Initial Cost - Building | 5,337,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 91,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 310,000 | |||
Gross Amount Carried - Land and Improvements | 1,329,000 | |||
Gross Amount Carried - Building and Improvements | 5,428,000 | |||
Gross Amount Carried - FF&E | 357,000 | |||
Total | 7,114,000 | |||
Accumulated Depreciation | 922,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Dallas Coit Road [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 555,000 | |||
Initial Cost - Building | 1,430,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 120,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 195,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 366,000 | |||
Gross Amount Carried - Land and Improvements | 675,000 | |||
Gross Amount Carried - Building and Improvements | 1,625,000 | |||
Gross Amount Carried - FF&E | 408,000 | |||
Total | 2,708,000 | |||
Accumulated Depreciation | 486,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1994 | |||
Depreciable Lives | 29 years | |||
Dallas Frankford Road [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 891,000 | |||
Initial Cost - Building | 1,301,000 | |||
Initial Cost - FF&E | 131,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 571,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 776,000 | |||
Gross Amount Carried - Land and Improvements | 966,000 | |||
Gross Amount Carried - Building and Improvements | 1,872,000 | |||
Gross Amount Carried - FF&E | 907,000 | |||
Total | 3,745,000 | |||
Accumulated Depreciation | 638,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Dallas Greenville Avenue [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 581,000 | |||
Initial Cost - Building | 3,125,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 143,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 349,000 | |||
Gross Amount Carried - Land and Improvements | 660,000 | |||
Gross Amount Carried - Building and Improvements | 3,268,000 | |||
Gross Amount Carried - FF&E | 391,000 | |||
Total | 4,319,000 | |||
Accumulated Depreciation | 635,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Dallas Market Center [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 748,000 | |||
Initial Cost - Building | 4,625,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 295,000 | |||
Gross Amount Carried - Land and Improvements | 815,000 | |||
Gross Amount Carried - Building and Improvements | 4,668,000 | |||
Gross Amount Carried - FF&E | 366,000 | |||
Total | 5,849,000 | |||
Accumulated Depreciation | 760,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 39 years | |||
Dallas North Addison Tollway [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 493,000 | |||
Initial Cost - Building | 1,268,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 142,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 344,000 | |||
Gross Amount Carried - Land and Improvements | 551,000 | |||
Gross Amount Carried - Building and Improvements | 1,410,000 | |||
Gross Amount Carried - FF&E | 383,000 | |||
Total | 2,344,000 | |||
Accumulated Depreciation | 397,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1993 | |||
Depreciable Lives | 31 years | |||
Dallas North Park [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 581,000 | |||
Initial Cost - Building | 3,317,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 198,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 470,000 | |||
Gross Amount Carried - Land and Improvements | 707,000 | |||
Gross Amount Carried - Building and Improvements | 3,515,000 | |||
Gross Amount Carried - FF&E | 520,000 | |||
Total | 4,742,000 | |||
Accumulated Depreciation | 769,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 35 years | |||
El Paso Airport [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 951,000 | |||
Initial Cost - Building | 6,206,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 214,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 372,000 | |||
Gross Amount Carried - Land and Improvements | 1,013,000 | |||
Gross Amount Carried - Building and Improvements | 6,420,000 | |||
Gross Amount Carried - FF&E | 427,000 | |||
Total | 7,860,000 | |||
Accumulated Depreciation | 1,144,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
El Paso West [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 918,000 | |||
Initial Cost - Building | 3,271,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 324,000 | |||
Gross Amount Carried - Land and Improvements | 965,000 | |||
Gross Amount Carried - Building and Improvements | 3,409,000 | |||
Gross Amount Carried - FF&E | 358,000 | |||
Total | 4,732,000 | |||
Accumulated Depreciation | 749,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Dallas Farmers Branch [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 511,000 | |||
Initial Cost - Building | 1,451,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 260,000 | |||
Gross Amount Carried - Land and Improvements | 561,000 | |||
Gross Amount Carried - Building and Improvements | 1,492,000 | |||
Gross Amount Carried - FF&E | 298,000 | |||
Total | 2,351,000 | |||
Accumulated Depreciation | 432,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 28 years | |||
Fort Worth City View [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 724,000 | |||
Initial Cost - Building | 2,888,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 491,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 749,000 | |||
Gross Amount Carried - Land and Improvements | 789,000 | |||
Gross Amount Carried - Building and Improvements | 3,379,000 | |||
Gross Amount Carried - FF&E | 792,000 | |||
Total | 4,960,000 | |||
Accumulated Depreciation | 653,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Fort Worth Fossil Creek [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 695,000 | |||
Initial Cost - Building | 3,944,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -5,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 261,000 | |||
Gross Amount Carried - Land and Improvements | 690,000 | |||
Gross Amount Carried - Building and Improvements | 4,037,000 | |||
Gross Amount Carried - FF&E | 311,000 | |||
Total | 5,038,000 | |||
Accumulated Depreciation | 665,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Fort Worth Fossil Creek [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 600,000 | |||
Initial Cost - Building | 2,253,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 25,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 286,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 263,000 | |||
Gross Amount Carried - Land and Improvements | 625,000 | |||
Gross Amount Carried - Building and Improvements | 2,539,000 | |||
Gross Amount Carried - FF&E | 306,000 | |||
Total | 3,470,000 | |||
Accumulated Depreciation | 714,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Fort Worth Medical Center [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,811,000 | |||
Initial Cost - Building | 3,954,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 405,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 709,000 | |||
Gross Amount Carried - Land and Improvements | 1,851,000 | |||
Gross Amount Carried - Building and Improvements | 4,359,000 | |||
Gross Amount Carried - FF&E | 748,000 | |||
Total | 6,958,000 | |||
Accumulated Depreciation | 803,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Fort Worth Southwest [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,102,000 | |||
Initial Cost - Building | 3,734,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 117,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 247,000 | |||
Gross Amount Carried - Land and Improvements | 1,158,000 | |||
Gross Amount Carried - Building and Improvements | 3,851,000 | |||
Gross Amount Carried - FF&E | 293,000 | |||
Total | 5,302,000 | |||
Accumulated Depreciation | 625,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Houston Galleria Uptown [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 890,000 | |||
Initial Cost - Building | 9,696,000 | |||
Initial Cost - FF&E | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 648,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 974,000 | |||
Gross Amount Carried - Land and Improvements | 957,000 | |||
Gross Amount Carried - Building and Improvements | 10,344,000 | |||
Gross Amount Carried - FF&E | 1,040,000 | |||
Total | 12,341,000 | |||
Accumulated Depreciation | 1,707,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Houston Galleria Westheimer [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 729,000 | |||
Initial Cost - Building | 9,020,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 595,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 741,000 | |||
Gross Amount Carried - Land and Improvements | 783,000 | |||
Gross Amount Carried - Building and Improvements | 9,615,000 | |||
Gross Amount Carried - FF&E | 786,000 | |||
Total | 11,184,000 | |||
Accumulated Depreciation | 1,529,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Houston Greenspoint [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 381,000 | |||
Initial Cost - Building | 840,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 453,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 832,000 | |||
Gross Amount Carried - Land and Improvements | 494,000 | |||
Gross Amount Carried - Building and Improvements | 1,293,000 | |||
Gross Amount Carried - FF&E | 871,000 | |||
Total | 2,658,000 | |||
Accumulated Depreciation | 764,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 28 years | |||
Houston Greenway Plaza [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 603,000 | |||
Initial Cost - Building | 8,266,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 465,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 759,000 | |||
Gross Amount Carried - Land and Improvements | 695,000 | |||
Gross Amount Carried - Building and Improvements | 8,731,000 | |||
Gross Amount Carried - FF&E | 805,000 | |||
Total | 10,231,000 | |||
Accumulated Depreciation | 1,421,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Houston Katy Freeway Energy Corridor [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,040,000 | |||
Initial Cost - Building | 5,507,000 | |||
Initial Cost - FF&E | 549,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 19,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 125,000 | |||
Gross Amount Carried - Land and Improvements | 2,059,000 | |||
Gross Amount Carried - Building and Improvements | 5,597,000 | |||
Gross Amount Carried - FF&E | 674,000 | |||
Total | 8,330,000 | |||
Accumulated Depreciation | 305,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Houston Katy Frwy Beltway Eight [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 304,000 | |||
Initial Cost - Building | 2,701,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 569,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 755,000 | |||
Gross Amount Carried - Land and Improvements | 382,000 | |||
Gross Amount Carried - Building and Improvements | 3,270,000 | |||
Gross Amount Carried - FF&E | 799,000 | |||
Total | 4,451,000 | |||
Accumulated Depreciation | 928,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Houston Med Ctr Braeswood Blvd [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 998,000 | |||
Initial Cost - Building | 10,111,000 | |||
Initial Cost - FF&E | 122,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,120,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174,000 | |||
Gross Amount Carried - Land and Improvements | 1,111,000 | |||
Gross Amount Carried - Building and Improvements | 11,231,000 | |||
Gross Amount Carried - FF&E | 1,296,000 | |||
Total | 13,638,000 | |||
Accumulated Depreciation | 1,871,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 38 years | |||
Houston Med Ctr Reliant Pk Fannin St [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,311,000 | |||
Initial Cost - Building | 7,833,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 141,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 590,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,310,000 | |||
Gross Amount Carried - Land and Improvements | 1,452,000 | |||
Gross Amount Carried - Building and Improvements | 8,423,000 | |||
Gross Amount Carried - FF&E | 1,363,000 | |||
Total | 11,238,000 | |||
Accumulated Depreciation | 2,047,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
Houston Med Ctr Reliant Pk La Concha Ln [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 544,000 | |||
Initial Cost - Building | 5,470,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 56,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 292,000 | |||
Gross Amount Carried - Land and Improvements | 603,000 | |||
Gross Amount Carried - Building and Improvements | 5,526,000 | |||
Gross Amount Carried - FF&E | 352,000 | |||
Total | 6,481,000 | |||
Accumulated Depreciation | 870,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 39 years | |||
Houston NASA Johnson Space Center [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 535,000 | |||
Initial Cost - Building | 4,068,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 894,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 324,000 | |||
Gross Amount Carried - Land and Improvements | 648,000 | |||
Gross Amount Carried - Building and Improvements | 4,962,000 | |||
Gross Amount Carried - FF&E | 368,000 | |||
Total | 5,978,000 | |||
Accumulated Depreciation | 923,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Houston Northwest [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 499,000 | |||
Initial Cost - Building | 4,878,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 171,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 247,000 | |||
Gross Amount Carried - Land and Improvements | 533,000 | |||
Gross Amount Carried - Building and Improvements | 5,049,000 | |||
Gross Amount Carried - FF&E | 297,000 | |||
Total | 5,879,000 | |||
Accumulated Depreciation | 768,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 39 years | |||
Houston Northwest [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 306,000 | |||
Initial Cost - Building | 2,264,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 18,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 289,000 | |||
Gross Amount Carried - Land and Improvements | 324,000 | |||
Gross Amount Carried - Building and Improvements | 2,329,000 | |||
Gross Amount Carried - FF&E | 337,000 | |||
Total | 2,990,000 | |||
Accumulated Depreciation | 676,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Houston Sugarland [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,882,000 | |||
Initial Cost - Building | 5,904,000 | |||
Initial Cost - FF&E | 549,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 6,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 404,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 745,000 | |||
Gross Amount Carried - Land and Improvements | 1,888,000 | |||
Gross Amount Carried - Building and Improvements | 6,308,000 | |||
Gross Amount Carried - FF&E | 1,294,000 | |||
Total | 9,490,000 | |||
Accumulated Depreciation | 335,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Houston West Oaks [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 330,000 | |||
Initial Cost - Building | 2,247,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 11,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 159,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 263,000 | |||
Gross Amount Carried - Land and Improvements | 341,000 | |||
Gross Amount Carried - Building and Improvements | 2,406,000 | |||
Gross Amount Carried - FF&E | 311,000 | |||
Total | 3,058,000 | |||
Accumulated Depreciation | 641,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Houston Westchase Richmond [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 286,000 | |||
Initial Cost - Building | 3,074,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 17,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 300,000 | |||
Gross Amount Carried - Land and Improvements | 359,000 | |||
Gross Amount Carried - Building and Improvements | 3,091,000 | |||
Gross Amount Carried - FF&E | 338,000 | |||
Total | 3,788,000 | |||
Accumulated Depreciation | 545,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 43 years | |||
Houston Westchase Westheimer [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 646,000 | |||
Initial Cost - Building | 6,571,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 666,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,071,000 | |||
Gross Amount Carried - Land and Improvements | 700,000 | |||
Gross Amount Carried - Building and Improvements | 7,237,000 | |||
Gross Amount Carried - FF&E | 1,114,000 | |||
Total | 9,051,000 | |||
Accumulated Depreciation | 1,811,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Houston Willowbrook [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 836,000 | |||
Initial Cost - Building | 4,187,000 | |||
Initial Cost - FF&E | 48,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 749,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,075,000 | |||
Gross Amount Carried - Land and Improvements | 919,000 | |||
Gross Amount Carried - Building and Improvements | 4,936,000 | |||
Gross Amount Carried - FF&E | 1,123,000 | |||
Total | 6,978,000 | |||
Accumulated Depreciation | 1,367,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
Houston Willowbrook HWY Two Four Nine [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 329,000 | |||
Initial Cost - Building | 3,432,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 347,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 292,000 | |||
Gross Amount Carried - Land and Improvements | 400,000 | |||
Gross Amount Carried - Building and Improvements | 3,779,000 | |||
Gross Amount Carried - FF&E | 330,000 | |||
Total | 4,509,000 | |||
Accumulated Depreciation | 713,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Dallas DFW Airport N [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 698,000 | |||
Initial Cost - Building | 1,510,000 | |||
Initial Cost - FF&E | 130,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 434,000 | |||
Gross Amount Carried - Land and Improvements | 782,000 | |||
Gross Amount Carried - Building and Improvements | 1,602,000 | |||
Gross Amount Carried - FF&E | 564,000 | |||
Total | 2,948,000 | |||
Accumulated Depreciation | 560,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Dallas Irving [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 539,000 | |||
Initial Cost - Building | 1,701,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 240,000 | |||
Gross Amount Carried - Land and Improvements | 584,000 | |||
Gross Amount Carried - Building and Improvements | 1,754,000 | |||
Gross Amount Carried - FF&E | 285,000 | |||
Total | 2,623,000 | |||
Accumulated Depreciation | 501,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 24 years | |||
Dallas Las Colinas Carnaby St [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,220,000 | |||
Initial Cost - Building | 3,061,000 | |||
Initial Cost - FF&E | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 101,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 311,000 | |||
Gross Amount Carried - Land and Improvements | 1,320,000 | |||
Gross Amount Carried - Building and Improvements | 3,162,000 | |||
Gross Amount Carried - FF&E | 362,000 | |||
Total | 4,844,000 | |||
Accumulated Depreciation | 708,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Dallas Las Colinas Green Park Dr [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 875,000 | |||
Initial Cost - Building | 2,338,000 | |||
Initial Cost - FF&E | 98,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 376,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 878,000 | |||
Gross Amount Carried - Land and Improvements | 946,000 | |||
Gross Amount Carried - Building and Improvements | 2,714,000 | |||
Gross Amount Carried - FF&E | 976,000 | |||
Total | 4,636,000 | |||
Accumulated Depreciation | 673,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 43 years | |||
Laredo Del Mar [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 513,000 | |||
Initial Cost - Building | 2,959,000 | |||
Initial Cost - FF&E | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 194,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 347,000 | |||
Gross Amount Carried - Land and Improvements | 593,000 | |||
Gross Amount Carried - Building and Improvements | 3,153,000 | |||
Gross Amount Carried - FF&E | 410,000 | |||
Total | 4,156,000 | |||
Accumulated Depreciation | 638,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Dallas Las Colinas Meadow Creek Dr [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 844,000 | |||
Initial Cost - Building | 3,605,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 341,000 | |||
Gross Amount Carried - Land and Improvements | 915,000 | |||
Gross Amount Carried - Building and Improvements | 3,676,000 | |||
Gross Amount Carried - FF&E | 425,000 | |||
Total | 5,016,000 | |||
Accumulated Depreciation | 729,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Dallas Lewisville [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 564,000 | |||
Initial Cost - Building | 1,020,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 364,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 637,000 | |||
Gross Amount Carried - Land and Improvements | 640,000 | |||
Gross Amount Carried - Building and Improvements | 1,384,000 | |||
Gross Amount Carried - FF&E | 675,000 | |||
Total | 2,699,000 | |||
Accumulated Depreciation | 746,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Lubbock Southwest [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 571,000 | |||
Initial Cost - Building | 4,931,000 | |||
Initial Cost - FF&E | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 125,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 283,000 | |||
Gross Amount Carried - Land and Improvements | 609,000 | |||
Gross Amount Carried - Building and Improvements | 5,056,000 | |||
Gross Amount Carried - FF&E | 359,000 | |||
Total | 6,024,000 | |||
Accumulated Depreciation | 824,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Dallas Mesquite [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 708,000 | |||
Initial Cost - Building | 2,442,000 | |||
Initial Cost - FF&E | 50,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 20,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 93,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 312,000 | |||
Gross Amount Carried - Land and Improvements | 728,000 | |||
Gross Amount Carried - Building and Improvements | 2,535,000 | |||
Gross Amount Carried - FF&E | 362,000 | |||
Total | 3,625,000 | |||
Accumulated Depreciation | 677,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 24 years | |||
Dallas Plano [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 735,000 | |||
Initial Cost - Building | 4,386,000 | |||
Initial Cost - FF&E | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 545,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,081,000 | |||
Gross Amount Carried - Land and Improvements | 807,000 | |||
Gross Amount Carried - Building and Improvements | 4,931,000 | |||
Gross Amount Carried - FF&E | 1,171,000 | |||
Total | 6,909,000 | |||
Accumulated Depreciation | 867,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 41 years | |||
Dallas Plano Plano Parkway [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 649,000 | |||
Initial Cost - Building | 1,999,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 223,000 | |||
Gross Amount Carried - Land and Improvements | 797,000 | |||
Gross Amount Carried - Building and Improvements | 2,042,000 | |||
Gross Amount Carried - FF&E | 268,000 | |||
Total | 3,107,000 | |||
Accumulated Depreciation | 433,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 41 years | |||
Dallas Plano Parkway [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 776,000 | |||
Initial Cost - Building | 3,662,000 | |||
Initial Cost - FF&E | 118,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 216,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 594,000 | |||
Gross Amount Carried - Land and Improvements | 820,000 | |||
Gross Amount Carried - Building and Improvements | 3,878,000 | |||
Gross Amount Carried - FF&E | 712,000 | |||
Total | 5,410,000 | |||
Accumulated Depreciation | 689,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 43 years | |||
Dallas Richardson [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,014,000 | |||
Initial Cost - Building | 5,535,000 | |||
Initial Cost - FF&E | 144,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 482,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,114,000 | |||
Gross Amount Carried - Land and Improvements | 1,094,000 | |||
Gross Amount Carried - Building and Improvements | 6,017,000 | |||
Gross Amount Carried - FF&E | 1,258,000 | |||
Total | 8,369,000 | |||
Accumulated Depreciation | 1,028,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
San Antonio Airport [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,443,000 | |||
Initial Cost - Building | 4,710,000 | |||
Initial Cost - FF&E | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 285,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 358,000 | |||
Gross Amount Carried - Land and Improvements | 1,517,000 | |||
Gross Amount Carried - Building and Improvements | 4,995,000 | |||
Gross Amount Carried - FF&E | 411,000 | |||
Total | 6,923,000 | |||
Accumulated Depreciation | 1,020,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1995 | |||
Depreciable Lives | 30 years | |||
San Antonio Colonnade [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 865,000 | |||
Initial Cost - Building | 5,060,000 | |||
Initial Cost - FF&E | 52,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 388,000 | |||
Gross Amount Carried - Land and Improvements | 936,000 | |||
Gross Amount Carried - Building and Improvements | 5,143,000 | |||
Gross Amount Carried - FF&E | 440,000 | |||
Total | 6,519,000 | |||
Accumulated Depreciation | 846,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Houston The Woodlands [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 455,000 | |||
Initial Cost - Building | 5,700,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 586,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 873,000 | |||
Gross Amount Carried - Land and Improvements | 518,000 | |||
Gross Amount Carried - Building and Improvements | 6,286,000 | |||
Gross Amount Carried - FF&E | 928,000 | |||
Total | 7,732,000 | |||
Accumulated Depreciation | 1,471,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 26 years | |||
Houston Stafford [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 389,000 | |||
Initial Cost - Building | 1,774,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 108,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 360,000 | |||
Gross Amount Carried - Land and Improvements | 489,000 | |||
Gross Amount Carried - Building and Improvements | 1,882,000 | |||
Gross Amount Carried - FF&E | 395,000 | |||
Total | 2,766,000 | |||
Accumulated Depreciation | 518,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 34 years | |||
Waco Woodway [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 553,000 | |||
Initial Cost - Building | 4,053,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 342,000 | |||
Gross Amount Carried - Land and Improvements | 602,000 | |||
Gross Amount Carried - Building and Improvements | 4,119,000 | |||
Gross Amount Carried - FF&E | 389,000 | |||
Total | 5,110,000 | |||
Accumulated Depreciation | 709,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Houston NASA Bay Area Blvd [Member] | TEXAS | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 516,000 | |||
Initial Cost - Building | 5,301,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 262,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 290,000 | |||
Gross Amount Carried - Land and Improvements | 573,000 | |||
Gross Amount Carried - Building and Improvements | 5,563,000 | |||
Gross Amount Carried - FF&E | 335,000 | |||
Total | 6,471,000 | |||
Accumulated Depreciation | 894,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 40 years | |||
Salt Lake City Union Park [Member] | UTAH | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,236,000 | |||
Initial Cost - Building | 4,122,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 682,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 929,000 | |||
Gross Amount Carried - Land and Improvements | 1,296,000 | |||
Gross Amount Carried - Building and Improvements | 4,804,000 | |||
Gross Amount Carried - FF&E | 976,000 | |||
Total | 7,076,000 | |||
Accumulated Depreciation | 984,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Salt Lake City Mid Valley [Member] | UTAH | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,961,000 | |||
Initial Cost - Building | 3,716,000 | |||
Initial Cost - FF&E | 58,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 331,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 681,000 | |||
Gross Amount Carried - Land and Improvements | 2,099,000 | |||
Gross Amount Carried - Building and Improvements | 4,047,000 | |||
Gross Amount Carried - FF&E | 739,000 | |||
Total | 6,885,000 | |||
Accumulated Depreciation | 969,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Salt Lake City Sugar House [Member] | UTAH | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,166,000 | |||
Initial Cost - Building | 7,029,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 149,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 513,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 730,000 | |||
Gross Amount Carried - Land and Improvements | 2,315,000 | |||
Gross Amount Carried - Building and Improvements | 7,542,000 | |||
Gross Amount Carried - FF&E | 769,000 | |||
Total | 10,626,000 | |||
Accumulated Depreciation | 1,358,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Salt Lake City Sandy [Member] | UTAH | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 977,000 | |||
Initial Cost - Building | 3,949,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 127,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 469,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 803,000 | |||
Gross Amount Carried - Land and Improvements | 1,104,000 | |||
Gross Amount Carried - Building and Improvements | 4,418,000 | |||
Gross Amount Carried - FF&E | 848,000 | |||
Total | 6,370,000 | |||
Accumulated Depreciation | 893,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Salt Lake City West Valley Center [Member] | UTAH | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,183,000 | |||
Initial Cost - Building | 3,592,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 448,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 815,000 | |||
Gross Amount Carried - Land and Improvements | 1,292,000 | |||
Gross Amount Carried - Building and Improvements | 4,040,000 | |||
Gross Amount Carried - FF&E | 858,000 | |||
Total | 6,190,000 | |||
Accumulated Depreciation | 826,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Washington DC Alexandria Landmark [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,627,000 | |||
Initial Cost - Building | 10,696,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 527,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 730,000 | |||
Gross Amount Carried - Land and Improvements | 3,717,000 | |||
Gross Amount Carried - Building and Improvements | 11,223,000 | |||
Gross Amount Carried - FF&E | 774,000 | |||
Total | 15,714,000 | |||
Accumulated Depreciation | 1,698,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Alexandria Eisenhower Ave [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,147,000 | |||
Initial Cost - Building | 14,424,000 | |||
Initial Cost - FF&E | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 645,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 953,000 | |||
Gross Amount Carried - Land and Improvements | 5,221,000 | |||
Gross Amount Carried - Building and Improvements | 15,069,000 | |||
Gross Amount Carried - FF&E | 1,013,000 | |||
Total | 21,303,000 | |||
Accumulated Depreciation | 2,568,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Centreville Manassas [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,542,000 | |||
Initial Cost - Building | 4,922,000 | |||
Initial Cost - FF&E | 105,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 459,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 671,000 | |||
Gross Amount Carried - Land and Improvements | 1,616,000 | |||
Gross Amount Carried - Building and Improvements | 5,381,000 | |||
Gross Amount Carried - FF&E | 776,000 | |||
Total | 7,773,000 | |||
Accumulated Depreciation | 1,080,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Washington DC Chantilly [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,655,000 | |||
Initial Cost - Building | 3,015,000 | |||
Initial Cost - FF&E | 511,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 583,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 194,000 | |||
Gross Amount Carried - Land and Improvements | 2,752,000 | |||
Gross Amount Carried - Building and Improvements | 3,598,000 | |||
Gross Amount Carried - FF&E | 705,000 | |||
Total | 7,055,000 | |||
Accumulated Depreciation | 649,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 22 years | |||
Washington DC Chantilly Airport [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,402,000 | |||
Initial Cost - Building | 3,390,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | -6,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 568,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 678,000 | |||
Gross Amount Carried - Land and Improvements | 1,396,000 | |||
Gross Amount Carried - Building and Improvements | 3,958,000 | |||
Gross Amount Carried - FF&E | 718,000 | |||
Total | 6,072,000 | |||
Accumulated Depreciation | 987,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Washington DC Chantilly Dulles South [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,166,000 | |||
Initial Cost - Building | 5,159,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 473,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 674,000 | |||
Gross Amount Carried - Land and Improvements | 1,215,000 | |||
Gross Amount Carried - Building and Improvements | 5,632,000 | |||
Gross Amount Carried - FF&E | 720,000 | |||
Total | 7,567,000 | |||
Accumulated Depreciation | 1,153,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Chesapeake Churchland Blvd [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 647,000 | |||
Initial Cost - Building | 2,762,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 315,000 | |||
Gross Amount Carried - Land and Improvements | 686,000 | |||
Gross Amount Carried - Building and Improvements | 2,839,000 | |||
Gross Amount Carried - FF&E | 372,000 | |||
Total | 3,897,000 | |||
Accumulated Depreciation | 557,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 42 years | |||
Chesapeake Crossways Blvd [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,171,000 | |||
Initial Cost - Building | 4,773,000 | |||
Initial Cost - FF&E | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 547,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 857,000 | |||
Gross Amount Carried - Land and Improvements | 1,237,000 | |||
Gross Amount Carried - Building and Improvements | 5,320,000 | |||
Gross Amount Carried - FF&E | 904,000 | |||
Total | 7,461,000 | |||
Accumulated Depreciation | 904,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 32 years | |||
Chesapeake Greenbrier Circle [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 807,000 | |||
Initial Cost - Building | 5,349,000 | |||
Initial Cost - FF&E | 109,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 332,000 | |||
Gross Amount Carried - Land and Improvements | 849,000 | |||
Gross Amount Carried - Building and Improvements | 5,398,000 | |||
Gross Amount Carried - FF&E | 441,000 | |||
Total | 6,688,000 | |||
Accumulated Depreciation | 835,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2005 | |||
Depreciable Lives | 44 years | |||
Washington DC Fairfax [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,799,000 | |||
Initial Cost - Building | 3,734,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 563,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 686,000 | |||
Gross Amount Carried - Land and Improvements | 1,889,000 | |||
Gross Amount Carried - Building and Improvements | 4,297,000 | |||
Gross Amount Carried - FF&E | 735,000 | |||
Total | 6,921,000 | |||
Accumulated Depreciation | 1,048,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Washington DC Fairfax Fair Oaks [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 936,000 | |||
Initial Cost - Building | 5,713,000 | |||
Initial Cost - FF&E | 61,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 446,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 664,000 | |||
Gross Amount Carried - Land and Improvements | 975,000 | |||
Gross Amount Carried - Building and Improvements | 6,159,000 | |||
Gross Amount Carried - FF&E | 725,000 | |||
Total | 7,859,000 | |||
Accumulated Depreciation | 1,192,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2000 | |||
Depreciable Lives | 40 years | |||
Washington DC Fairfax Fair Oaks [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,167,000 | |||
Initial Cost - Building | 4,053,000 | |||
Initial Cost - FF&E | 693,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 213,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 653,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 399,000 | |||
Gross Amount Carried - Land and Improvements | 4,380,000 | |||
Gross Amount Carried - Building and Improvements | 4,706,000 | |||
Gross Amount Carried - FF&E | 1,092,000 | |||
Total | 10,178,000 | |||
Accumulated Depreciation | 860,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 26 years | |||
Washington DC Falls Church Merrifield [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,389,000 | |||
Initial Cost - Building | 6,653,000 | |||
Initial Cost - FF&E | 910,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 243,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 692,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 274,000 | |||
Gross Amount Carried - Land and Improvements | 4,632,000 | |||
Gross Amount Carried - Building and Improvements | 7,345,000 | |||
Gross Amount Carried - FF&E | 1,184,000 | |||
Total | 13,161,000 | |||
Accumulated Depreciation | 965,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Richmond Innsbrook [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,069,000 | |||
Initial Cost - Building | 1,991,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 146,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 461,000 | |||
Gross Amount Carried - Land and Improvements | 1,124,000 | |||
Gross Amount Carried - Building and Improvements | 2,137,000 | |||
Gross Amount Carried - FF&E | 506,000 | |||
Total | 3,767,000 | |||
Accumulated Depreciation | 614,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Richmond Innsbrook [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,999,000 | |||
Initial Cost - Building | 2,496,000 | |||
Initial Cost - FF&E | 501,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 214,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 189,000 | |||
Gross Amount Carried - Land and Improvements | 2,099,000 | |||
Gross Amount Carried - Building and Improvements | 2,710,000 | |||
Gross Amount Carried - FF&E | 690,000 | |||
Total | 5,499,000 | |||
Accumulated Depreciation | 605,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 19 years | |||
Hampton Coliseum [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,049,000 | |||
Initial Cost - Building | 2,120,000 | |||
Initial Cost - FF&E | 97,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 140,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 588,000 | |||
Gross Amount Carried - Land and Improvements | 1,111,000 | |||
Gross Amount Carried - Building and Improvements | 2,260,000 | |||
Gross Amount Carried - FF&E | 685,000 | |||
Total | 4,056,000 | |||
Accumulated Depreciation | 584,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Washington DC Herndon Dulles [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,159,000 | |||
Initial Cost - Building | 5,808,000 | |||
Initial Cost - FF&E | 150,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 37,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 262,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 676,000 | |||
Gross Amount Carried - Land and Improvements | 1,196,000 | |||
Gross Amount Carried - Building and Improvements | 6,070,000 | |||
Gross Amount Carried - FF&E | 826,000 | |||
Total | 8,092,000 | |||
Accumulated Depreciation | 1,004,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2005 | |||
Depreciable Lives | 45 years | |||
Lynchburg University Blvd [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,259,000 | |||
Initial Cost - Building | 4,899,000 | |||
Initial Cost - FF&E | 94,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 185,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 668,000 | |||
Gross Amount Carried - Land and Improvements | 1,324,000 | |||
Gross Amount Carried - Building and Improvements | 5,084,000 | |||
Gross Amount Carried - FF&E | 762,000 | |||
Total | 7,170,000 | |||
Accumulated Depreciation | 844,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2003 | |||
Depreciable Lives | 43 years | |||
Newport News I Six Four Jefferson Avenue [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 982,000 | |||
Initial Cost - Building | 2,655,000 | |||
Initial Cost - FF&E | 34,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 88,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 308,000 | |||
Gross Amount Carried - Land and Improvements | 1,027,000 | |||
Gross Amount Carried - Building and Improvements | 2,743,000 | |||
Gross Amount Carried - FF&E | 342,000 | |||
Total | 4,112,000 | |||
Accumulated Depreciation | 639,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 27 years | |||
Newport News Oyster Point [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 688,000 | |||
Initial Cost - Building | 2,950,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 293,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 398,000 | |||
Gross Amount Carried - Land and Improvements | 735,000 | |||
Gross Amount Carried - Building and Improvements | 3,243,000 | |||
Gross Amount Carried - FF&E | 442,000 | |||
Total | 4,420,000 | |||
Accumulated Depreciation | 670,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 32 years | |||
Washington DC Reston [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 5,766,000 | |||
Initial Cost - Building | 7,250,000 | |||
Initial Cost - FF&E | 795,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 159,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 696,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 383,000 | |||
Gross Amount Carried - Land and Improvements | 5,925,000 | |||
Gross Amount Carried - Building and Improvements | 7,946,000 | |||
Gross Amount Carried - FF&E | 1,178,000 | |||
Total | 15,049,000 | |||
Accumulated Depreciation | 960,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 34 years | |||
North Chesterfield Arboretum [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,368,000 | |||
Initial Cost - Building | 3,745,000 | |||
Initial Cost - FF&E | 45,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 353,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 556,000 | |||
Gross Amount Carried - Land and Improvements | 1,398,000 | |||
Gross Amount Carried - Building and Improvements | 4,098,000 | |||
Gross Amount Carried - FF&E | 601,000 | |||
Total | 6,097,000 | |||
Accumulated Depreciation | 776,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Richmond I Sixty Four West Broad Street [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,008,000 | |||
Initial Cost - Building | 4,037,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 130,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 240,000 | |||
Gross Amount Carried - Land and Improvements | 1,059,000 | |||
Gross Amount Carried - Building and Improvements | 4,167,000 | |||
Gross Amount Carried - FF&E | 295,000 | |||
Total | 5,521,000 | |||
Accumulated Depreciation | 691,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Richmond W Broad Street Glenside South [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 660,000 | |||
Initial Cost - Building | 1,677,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,226,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 432,000 | |||
Gross Amount Carried - Land and Improvements | 743,000 | |||
Gross Amount Carried - Building and Improvements | 2,903,000 | |||
Gross Amount Carried - FF&E | 471,000 | |||
Total | 4,117,000 | |||
Accumulated Depreciation | 788,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Roanoke Airport [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 844,000 | |||
Initial Cost - Building | 1,949,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 30,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 212,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 336,000 | |||
Gross Amount Carried - Land and Improvements | 874,000 | |||
Gross Amount Carried - Building and Improvements | 2,161,000 | |||
Gross Amount Carried - FF&E | 371,000 | |||
Total | 3,406,000 | |||
Accumulated Depreciation | 488,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 34 years | |||
Washington DC Springfield [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,417,000 | |||
Initial Cost - Building | 15,207,000 | |||
Initial Cost - FF&E | 134,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 437,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 704,000 | |||
Gross Amount Carried - Land and Improvements | 3,476,000 | |||
Gross Amount Carried - Building and Improvements | 15,644,000 | |||
Gross Amount Carried - FF&E | 838,000 | |||
Total | 19,958,000 | |||
Accumulated Depreciation | 2,244,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2004 | |||
Depreciable Lives | 44 years | |||
Washington DC Sterling [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,375,000 | |||
Initial Cost - Building | 5,167,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 457,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 681,000 | |||
Gross Amount Carried - Land and Improvements | 1,435,000 | |||
Gross Amount Carried - Building and Improvements | 5,624,000 | |||
Gross Amount Carried - FF&E | 720,000 | |||
Total | 7,779,000 | |||
Accumulated Depreciation | 994,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Washington DC Sterling Dulles Airport [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,709,000 | |||
Initial Cost - Building | 2,618,000 | |||
Initial Cost - FF&E | 707,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 133,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 185,000 | |||
Gross Amount Carried - Land and Improvements | 4,839,000 | |||
Gross Amount Carried - Building and Improvements | 2,751,000 | |||
Gross Amount Carried - FF&E | 892,000 | |||
Total | 8,482,000 | |||
Accumulated Depreciation | 683,000 | |||
Date Acquired | 13-Dec-12 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Washington DC Tysons Corner [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,716,000 | |||
Initial Cost - Building | 12,425,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 471,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 817,000 | |||
Gross Amount Carried - Land and Improvements | 3,790,000 | |||
Gross Amount Carried - Building and Improvements | 12,896,000 | |||
Gross Amount Carried - FF&E | 866,000 | |||
Total | 17,552,000 | |||
Accumulated Depreciation | 2,188,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Virginia Beach Independence Blvd [Member] | VIRGINIA | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,769,000 | |||
Initial Cost - Building | 6,115,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 318,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 574,000 | |||
Gross Amount Carried - Land and Improvements | 1,853,000 | |||
Gross Amount Carried - Building and Improvements | 6,433,000 | |||
Gross Amount Carried - FF&E | 617,000 | |||
Total | 8,903,000 | |||
Accumulated Depreciation | 1,157,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1996 | |||
Depreciable Lives | 31 years | |||
Seattle Bellevue Downtown [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 3,672,000 | |||
Initial Cost - Building | 9,062,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 650,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 895,000 | |||
Gross Amount Carried - Land and Improvements | 3,738,000 | |||
Gross Amount Carried - Building and Improvements | 9,712,000 | |||
Gross Amount Carried - FF&E | 950,000 | |||
Total | 14,400,000 | |||
Accumulated Depreciation | 1,561,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Seattle Bellevue Factoria [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,697,000 | |||
Initial Cost - Building | 8,912,000 | |||
Initial Cost - FF&E | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 920,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,028,000 | |||
Gross Amount Carried - Land and Improvements | 2,741,000 | |||
Gross Amount Carried - Building and Improvements | 9,832,000 | |||
Gross Amount Carried - FF&E | 1,083,000 | |||
Total | 13,656,000 | |||
Accumulated Depreciation | 1,764,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Seattle Redmond [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 6,206,000 | |||
Initial Cost - Building | 16,067,000 | |||
Initial Cost - FF&E | 71,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 906,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,028,000 | |||
Gross Amount Carried - Land and Improvements | 6,259,000 | |||
Gross Amount Carried - Building and Improvements | 16,973,000 | |||
Gross Amount Carried - FF&E | 1,099,000 | |||
Total | 24,331,000 | |||
Accumulated Depreciation | 2,752,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Seattle Bothell West [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,236,000 | |||
Initial Cost - Building | 5,978,000 | |||
Initial Cost - FF&E | 64,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 370,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 550,000 | |||
Gross Amount Carried - Land and Improvements | 1,295,000 | |||
Gross Amount Carried - Building and Improvements | 6,348,000 | |||
Gross Amount Carried - FF&E | 614,000 | |||
Total | 8,257,000 | |||
Accumulated Depreciation | 1,150,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Seattle Bothell Canyon Park [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,266,000 | |||
Initial Cost - Building | 7,932,000 | |||
Initial Cost - FF&E | 57,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 570,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 900,000 | |||
Gross Amount Carried - Land and Improvements | 2,353,000 | |||
Gross Amount Carried - Building and Improvements | 8,502,000 | |||
Gross Amount Carried - FF&E | 957,000 | |||
Total | 11,812,000 | |||
Accumulated Depreciation | 1,684,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Seattle Everett North [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,175,000 | |||
Initial Cost - Building | 6,615,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 427,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 704,000 | |||
Gross Amount Carried - Land and Improvements | 1,226,000 | |||
Gross Amount Carried - Building and Improvements | 7,042,000 | |||
Gross Amount Carried - FF&E | 742,000 | |||
Total | 9,010,000 | |||
Accumulated Depreciation | 1,324,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Seattle Everett Silverlake [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 4,008,000 | |||
Initial Cost - Building | 9,000,000 | |||
Initial Cost - FF&E | 54,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 458,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 865,000 | |||
Gross Amount Carried - Land and Improvements | 4,055,000 | |||
Gross Amount Carried - Building and Improvements | 9,458,000 | |||
Gross Amount Carried - FF&E | 919,000 | |||
Total | 14,432,000 | |||
Accumulated Depreciation | 1,444,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 40 years | |||
Seattle Federal Way [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 761,000 | |||
Initial Cost - Building | 4,918,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 479,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 629,000 | |||
Gross Amount Carried - Land and Improvements | 838,000 | |||
Gross Amount Carried - Building and Improvements | 5,397,000 | |||
Gross Amount Carried - FF&E | 667,000 | |||
Total | 6,902,000 | |||
Accumulated Depreciation | 1,114,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 39 years | |||
Tacoma Fife [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 814,000 | |||
Initial Cost - Building | 4,397,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 513,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 700,000 | |||
Gross Amount Carried - Land and Improvements | 881,000 | |||
Gross Amount Carried - Building and Improvements | 4,910,000 | |||
Gross Amount Carried - FF&E | 738,000 | |||
Total | 6,529,000 | |||
Accumulated Depreciation | 1,051,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Seattle Kent Des Moines [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 869,000 | |||
Initial Cost - Building | 3,865,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 21,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 82,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 248,000 | |||
Gross Amount Carried - Land and Improvements | 890,000 | |||
Gross Amount Carried - Building and Improvements | 3,947,000 | |||
Gross Amount Carried - FF&E | 291,000 | |||
Total | 5,128,000 | |||
Accumulated Depreciation | 890,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 24 years | |||
Seattle Kent [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 923,000 | |||
Initial Cost - Building | 3,724,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 611,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 830,000 | |||
Gross Amount Carried - Land and Improvements | 966,000 | |||
Gross Amount Carried - Building and Improvements | 4,335,000 | |||
Gross Amount Carried - FF&E | 873,000 | |||
Total | 6,174,000 | |||
Accumulated Depreciation | 875,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Seattle Lynnwood [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,829,000 | |||
Initial Cost - Building | 5,408,000 | |||
Initial Cost - FF&E | 41,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 564,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 775,000 | |||
Gross Amount Carried - Land and Improvements | 1,875,000 | |||
Gross Amount Carried - Building and Improvements | 5,972,000 | |||
Gross Amount Carried - FF&E | 816,000 | |||
Total | 8,663,000 | |||
Accumulated Depreciation | 1,089,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Seattle Mukilteo [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,894,000 | |||
Initial Cost - Building | 8,893,000 | |||
Initial Cost - FF&E | 84,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 265,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 540,000 | |||
Gross Amount Carried - Land and Improvements | 1,940,000 | |||
Gross Amount Carried - Building and Improvements | 9,158,000 | |||
Gross Amount Carried - FF&E | 624,000 | |||
Total | 11,722,000 | |||
Accumulated Depreciation | 1,430,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Tacoma Puyallup [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 994,000 | |||
Initial Cost - Building | 3,934,000 | |||
Initial Cost - FF&E | 43,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 33,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 31,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 182,000 | |||
Gross Amount Carried - Land and Improvements | 1,027,000 | |||
Gross Amount Carried - Building and Improvements | 3,965,000 | |||
Gross Amount Carried - FF&E | 225,000 | |||
Total | 5,217,000 | |||
Accumulated Depreciation | 899,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Seattle Renton [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,714,000 | |||
Initial Cost - Building | 5,924,000 | |||
Initial Cost - FF&E | 62,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 593,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,146,000 | |||
Gross Amount Carried - Land and Improvements | 1,782,000 | |||
Gross Amount Carried - Building and Improvements | 6,517,000 | |||
Gross Amount Carried - FF&E | 1,208,000 | |||
Total | 9,507,000 | |||
Accumulated Depreciation | 1,197,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Seattle Northgate [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,214,000 | |||
Initial Cost - Building | 8,655,000 | |||
Initial Cost - FF&E | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 512,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 763,000 | |||
Gross Amount Carried - Land and Improvements | 1,281,000 | |||
Gross Amount Carried - Building and Improvements | 9,167,000 | |||
Gross Amount Carried - FF&E | 849,000 | |||
Total | 11,297,000 | |||
Accumulated Depreciation | 1,580,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2002 | |||
Depreciable Lives | 42 years | |||
Spokane Valley [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 626,000 | |||
Initial Cost - Building | 2,848,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 19,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 92,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 167,000 | |||
Gross Amount Carried - Land and Improvements | 645,000 | |||
Gross Amount Carried - Building and Improvements | 2,940,000 | |||
Gross Amount Carried - FF&E | 205,000 | |||
Total | 3,790,000 | |||
Accumulated Depreciation | 698,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 23 years | |||
Tacoma Hosmer [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 734,000 | |||
Initial Cost - Building | 3,436,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 27,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 86,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 207,000 | |||
Gross Amount Carried - Land and Improvements | 761,000 | |||
Gross Amount Carried - Building and Improvements | 3,522,000 | |||
Gross Amount Carried - FF&E | 253,000 | |||
Total | 4,536,000 | |||
Accumulated Depreciation | 827,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1999 | |||
Depreciable Lives | 24 years | |||
Tacoma South [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,162,000 | |||
Initial Cost - Building | 6,871,000 | |||
Initial Cost - FF&E | 40,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 128,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 494,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 774,000 | |||
Gross Amount Carried - Land and Improvements | 1,290,000 | |||
Gross Amount Carried - Building and Improvements | 7,365,000 | |||
Gross Amount Carried - FF&E | 814,000 | |||
Total | 9,469,000 | |||
Accumulated Depreciation | 1,184,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 40 years | |||
Seattle Southcenter [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,005,000 | |||
Initial Cost - Building | 4,129,000 | |||
Initial Cost - FF&E | 35,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,475,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 718,000 | |||
Gross Amount Carried - Land and Improvements | 1,083,000 | |||
Gross Amount Carried - Building and Improvements | 5,604,000 | |||
Gross Amount Carried - FF&E | 753,000 | |||
Total | 7,440,000 | |||
Accumulated Depreciation | 1,109,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 33 years | |||
Seattle Tukwila [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,056,000 | |||
Initial Cost - Building | 4,724,000 | |||
Initial Cost - FF&E | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 482,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 558,000 | |||
Gross Amount Carried - Land and Improvements | 1,102,000 | |||
Gross Amount Carried - Building and Improvements | 5,206,000 | |||
Gross Amount Carried - FF&E | 596,000 | |||
Total | 6,904,000 | |||
Accumulated Depreciation | 1,111,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 32 years | |||
Olympia Tumwater [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,428,000 | |||
Initial Cost - Building | 5,495,000 | |||
Initial Cost - FF&E | 70,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 397,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 745,000 | |||
Gross Amount Carried - Land and Improvements | 1,494,000 | |||
Gross Amount Carried - Building and Improvements | 5,892,000 | |||
Gross Amount Carried - FF&E | 815,000 | |||
Total | 8,201,000 | |||
Accumulated Depreciation | 1,150,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 2001 | |||
Depreciable Lives | 41 years | |||
Portland Vancouver [Member] | WASHINGTON | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,122,000 | |||
Initial Cost - Building | 5,671,000 | |||
Initial Cost - FF&E | 42,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 525,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 759,000 | |||
Gross Amount Carried - Land and Improvements | 1,191,000 | |||
Gross Amount Carried - Building and Improvements | 6,196,000 | |||
Gross Amount Carried - FF&E | 801,000 | |||
Total | 8,188,000 | |||
Accumulated Depreciation | 1,230,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Appleton Fox Cities [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,129,000 | |||
Initial Cost - Building | 3,042,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 151,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 381,000 | |||
Gross Amount Carried - Land and Improvements | 1,203,000 | |||
Gross Amount Carried - Building and Improvements | 3,193,000 | |||
Gross Amount Carried - FF&E | 420,000 | |||
Total | 4,816,000 | |||
Accumulated Depreciation | 626,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Milwaukee Brookfield [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 2,579,000 | |||
Initial Cost - Building | 5,647,000 | |||
Initial Cost - FF&E | 49,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 297,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 469,000 | |||
Gross Amount Carried - Land and Improvements | 2,630,000 | |||
Gross Amount Carried - Building and Improvements | 5,944,000 | |||
Gross Amount Carried - FF&E | 518,000 | |||
Total | 9,092,000 | |||
Accumulated Depreciation | 1,014,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Madison Junction Court [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,197,000 | |||
Initial Cost - Building | 2,790,000 | |||
Initial Cost - FF&E | 39,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 134,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 297,000 | |||
Gross Amount Carried - Land and Improvements | 1,252,000 | |||
Gross Amount Carried - Building and Improvements | 2,924,000 | |||
Gross Amount Carried - FF&E | 336,000 | |||
Total | 4,512,000 | |||
Accumulated Depreciation | 559,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 38 years | |||
Madison Old Sauk Rd [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,332,000 | |||
Initial Cost - Building | 2,506,000 | |||
Initial Cost - FF&E | 46,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 38,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 251,000 | |||
Gross Amount Carried - Land and Improvements | 1,447,000 | |||
Gross Amount Carried - Building and Improvements | 2,544,000 | |||
Gross Amount Carried - FF&E | 297,000 | |||
Total | 4,288,000 | |||
Accumulated Depreciation | 527,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1998 | |||
Depreciable Lives | 39 years | |||
Milwaukee Waukesha [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,311,000 | |||
Initial Cost - Building | 3,215,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 100,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 383,000 | |||
Gross Amount Carried - Land and Improvements | 1,386,000 | |||
Gross Amount Carried - Building and Improvements | 3,315,000 | |||
Gross Amount Carried - FF&E | 427,000 | |||
Total | 5,128,000 | |||
Accumulated Depreciation | 651,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 37 years | |||
Milwaukee Wauwatosa [Member] | WISCONSIN | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||||
Initial Cost - Land and Improvements | 1,732,000 | |||
Initial Cost - Building | 5,151,000 | |||
Initial Cost - FF&E | 44,000 | |||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76,000 | |||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 251,000 | |||
Cost Capitalized Subsequent to Acquisition - FF&E | 786,000 | |||
Gross Amount Carried - Land and Improvements | 1,808,000 | |||
Gross Amount Carried - Building and Improvements | 5,402,000 | |||
Gross Amount Carried - FF&E | 830,000 | |||
Total | 8,040,000 | |||
Accumulated Depreciation | $812,000 | |||
Date Acquired | 8-Oct-10 | |||
Date of Construction | 1997 | |||
Depreciable Lives | 41 years |
Schedule_III_Real_Estate_and_A1
Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Stated Amount | $1,306,246,000 | ||
Capitalized costs, net of impairment charges | 2,300,000 | 3,330,000 | 1,420,000 |
ESH REIT [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Stated Amount | 1,306,246,000 | ||
Capitalized costs, net of impairment charges | 3,330,000 | 1,420,000 | |
Domestic Tax Authority [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Cost Capitalized Subsequent to Acquisition | 4,715,593,000 | ||
Domestic Tax Authority [Member] | ESH REIT [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Cost Capitalized Subsequent to Acquisition | 4,703,781,000 | ||
2012 Mortgage Loan [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Stated Amount | 2,520,000,000 | ||
Canada [Member] | Property Subject to Operating Lease [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Capitalized costs, net of impairment charges | 2,300,000 | ||
Canada [Member] | Property Subject to Operating Lease [Member] | ESH REIT [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Capitalized costs, net of impairment charges | $2,733,000 | ||
Minimum [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Depreciable Lives | 1 year | ||
Maximum [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Depreciable Lives | 10 years |
Schedule_III_Summary_of_Activi
Schedule III - Summary of Activity of Investment in Real Estate and Accumulated Depreciation (Detail) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance, beginning of period | $4,566,688,000 | $4,385,964,000 | $3,996,335,000 |
Capital expenditures | 167,910,000 | 180,157,000 | 271,222,000 |
Acquisitions | 16,429,000 | 131,831,000 | |
Dispositions and other | 22,336,000 | 12,532,000 | 12,004,000 |
Impairment | 2,300,000 | 3,330,000 | 1,420,000 |
Balance, end of period | 4,709,962,000 | 4,566,688,000 | 4,385,964,000 |
Balance, beginning of period | 439,371,000 | 275,342,000 | 152,203,000 |
Depreciation | 185,833,000 | 166,679,000 | 128,564,000 |
Dispositions and other | 2,690,000 | 2,650,000 | 5,425,000 |
Balance, end of period | 622,514,000 | 439,371,000 | 275,342,000 |
ESH REIT [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance, beginning of period | 4,546,418,000 | 4,385,964,000 | 3,996,335,000 |
Capital expenditures | 162,131,000 | 179,104,000 | 271,222,000 |
Acquisitions | 16,429,000 | 131,831,000 | |
Dispositions and other | 21,941,000 | 31,749,000 | 12,004,000 |
Impairment | 3,330,000 | 1,420,000 | |
Balance, end of period | 4,686,608,000 | 4,546,418,000 | 4,385,964,000 |
Balance, beginning of period | 426,479,000 | 275,342,000 | 152,203,000 |
Depreciation | 183,033,000 | 165,998,000 | 128,564,000 |
Dispositions and other | 2,552,000 | 14,861,000 | 5,425,000 |
Balance, end of period | $606,960,000 | $426,479,000 | $275,342,000 |