Document and Entity Information
Document and Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Feb. 22, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity Shell Company | false | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2,018 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | STAY | ||
Entity Registrant Name | Extended Stay America, Inc. | ||
Entity Central Index Key | 1,581,164 | ||
Current Fiscal Year End Date | --12-31 | ||
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 | 188,229,441 | ||
Entity Public Float | $ 4,055 | ||
ESH REIT | |||
Document Information [Line Items] | |||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity Shell Company | false | ||
Entity Registrant Name | ESH Hospitality, Inc. | ||
Entity Central Index Key | 1,507,563 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Common Class A | ESH REIT | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 250,493,583 | ||
Common Class B | ESH REIT | |||
Document Information [Line Items] | |||
Entity Common Stock, Shares Outstanding | 188,229,441 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
PROPERTY AND EQUIPMENT - Net of accumulated depreciation of $1,218,105 and $1,142,799 | $ 3,453,632,000 | $ 3,753,134,000 |
RESTRICTED CASH | 15,878,000 | 37,631,000 |
CASH AND CASH EQUIVALENTS | 287,458,000 | 113,343,000 |
INTANGIBLE ASSETS - Net of accumulated amortization of $11,065 and $9,690 | 28,714,000 | 27,043,000 |
GOODWILL | 45,192,000 | 48,866,000 |
ACCOUNTS RECEIVABLE - Net of allowance for doubtful accounts of $2,075 and $2,206 | 19,769,000 | 21,578,000 |
DEFERRED TAX ASSETS | 7,309,000 | 8,125,000 |
OTHER ASSETS | 66,258,000 | 66,285,000 |
TOTAL ASSETS | 3,924,210,000 | 4,076,005,000 |
LIABILITIES: | ||
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $14,879 and $18,695 | 1,121,713,000 | 1,265,112,000 |
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $26,206 and $30,344 | 1,273,794,000 | 1,269,656,000 |
Mandatorily redeemable preferred stock - $0.01 par value, $1,000 redemption value, 8.0%, 350,000,000 shares authorized, 7,130 and 7,133 shares issued and outstanding | 7,130,000 | 7,133,000 |
Accounts payable and accrued liabilities | 210,934,000 | 188,257,000 |
Capital lease liabilities | 3,400,000 | 0 |
Total liabilities | 2,613,571,000 | 2,730,158,000 |
COMMITMENTS AND CONTINGENCIES (Note 12) | ||
EQUITY: | ||
Common stock | 1,882,000 | 1,921,000 |
Additional paid in capital | 749,219,000 | 768,679,000 |
Retained earnings | 32,432,000 | 6,917,000 |
Accumulated other comprehensive income | 2,488,000 | 3,066,000 |
Total Extended Stay America, Inc. shareholders’ equity | 786,021,000 | 780,583,000 |
Noncontrolling interests | 524,618,000 | 565,264,000 |
Total equity | 1,310,639,000 | 1,345,847,000 |
TOTAL LIABILITIES AND EQUITY | 3,924,210,000 | 4,076,005,000 |
ESH REIT | ||
ASSETS | ||
PROPERTY AND EQUIPMENT - Net of accumulated depreciation of $1,218,105 and $1,142,799 | 3,467,645,000 | 3,775,640,000 |
RESTRICTED CASH | 0 | 15,985,000 |
CASH AND CASH EQUIVALENTS | 178,538,000 | 38,930,000 |
INTANGIBLE ASSETS - Net of accumulated amortization of $11,065 and $9,690 | 2,760,000 | 0 |
RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) | 4,098,000 | 3,704,000 |
DEFERRED RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) | 8,637,000 | 24,388,000 |
GOODWILL | 44,012,000 | 47,584,000 |
OTHER ASSETS | 22,692,000 | 29,212,000 |
TOTAL ASSETS | 3,728,382,000 | 3,935,443,000 |
LIABILITIES: | ||
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $14,879 and $18,695 | 1,121,713,000 | 1,265,112,000 |
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $26,206 and $30,344 | 1,273,794,000 | 1,269,656,000 |
Unearned rental revenues from Extended Stay America, Inc. (Note 11) | 37,506,000 | 40,523,000 |
Due to Extended Stay America, Inc., net (Note 11) | 12,177,000 | 7,055,000 |
Accounts payable and accrued liabilities | 68,018,000 | 60,755,000 |
Deferred tax liabilities | 20,000 | 48,000 |
Capital lease liabilities | 3,400,000 | 0 |
Total liabilities | 2,513,228,000 | 2,643,149,000 |
COMMITMENTS AND CONTINGENCIES (Note 12) | ||
EQUITY: | ||
Common stock | 4,387,000 | 4,426,000 |
Additional paid in capital | 1,090,809,000 | 1,088,793,000 |
Preferred stock | 73,000 | 73,000 |
Retained earnings | 114,096,000 | 191,964,000 |
Accumulated other comprehensive income | 5,789,000 | 7,038,000 |
Total equity | 1,215,154,000 | 1,292,294,000 |
TOTAL LIABILITIES AND EQUITY | $ 3,728,382,000 | $ 3,935,443,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Accumulated depreciation | $ 1,218,105,000 | $ 1,142,799,000 |
Accumulated amortization of intangible assets | 11,065,000 | 9,690,000 |
Allowance for doubtful accounts | 2,075,000 | 2,206,000 |
Net deferred financing costs | $ 30,184,000 | $ 36,554,000 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 3,500,000,000 | 3,500,000,000 |
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 |
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
Common Class B | ||
Common stock, par value (in dollars per share) | $ 0.01 | |
Common stock, shares issued (in shares) | 1 | |
Mandatorily Redeemable Preferred Stock | ||
Preferred stock, redemption value (in dollars per share) | $ 1,000 | |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, redemption value (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred stock, dividend rate (as a percent) | 8.00% | 8.00% |
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 |
Preferred stock, shares issued (in shares) | 7,130 | 7,133 |
Preferred stock, shares outstanding (in shares) | 7,130 | 7,133 |
ESH REIT | ||
Accumulated depreciation | $ 1,215,899,000 | $ 1,143,164,000 |
Accumulated amortization of intangible assets | 36,000 | 0 |
Net deferred financing costs | $ 29,892,000 | $ 36,153,000 |
Common stock, par value (in dollars per share) | $ 0.01 | |
Common stock, shares issued (in shares) | 1 | |
Preferred stock, redemption value (in dollars per share) | $ 1,000 | $ 1,000 |
Preferred stock, shares authorized (in shares) | 125 | 125 |
Preferred stock, shares issued (in shares) | 125 | 125 |
Preferred stock, shares outstanding (in shares) | 125 | 125 |
ESH REIT | Common Class A | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 4,300,000,000 | 4,300,000,000 |
Common stock, shares issued (in shares) | 250,493,583 | 250,493,583 |
Common stock, shares outstanding (in shares) | 250,493,583 | 250,493,583 |
ESH REIT | Common Class B | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 7,800,000,000 | 7,800,000,000 |
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 |
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
ESH REIT | Mandatorily Redeemable Preferred Stock | ||
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Term loan facility | ||
Unamortized deferred financing costs and debt discount | $ 14,879,000 | $ 18,695,000 |
Term loan facility | ESH REIT | ||
Unamortized deferred financing costs and debt discount | 14,879,000 | 18,695,000 |
Senior notes | ||
Unamortized deferred financing costs and debt discount | 26,206,000 | 30,344,000 |
Senior notes | ESH REIT | ||
Unamortized deferred financing costs and debt discount | $ 26,206,000 | $ 30,344,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
REVENUES: | |||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 |
OPERATING EXPENSES: | |||
General and administrative expenses | 91,094 | 94,652 | 98,045 |
Depreciation and amortization | 209,329 | 229,216 | 221,309 |
Impairment of long-lived assets | 43,600 | 25,169 | 9,828 |
Total hotel expenses | 927,052 | 934,582 | 909,954 |
Total operating expenses | 940,269 | 934,582 | 909,954 |
GAIN ON SALE OF HOTEL PROPERTIES, NET (Note 4) | 42,478 | 9,973 | |
OTHER INCOME | 669 | 2,959 | 25 |
INCOME FROM OPERATIONS | 377,937 | 361,075 | 360,664 |
OTHER NON-OPERATING INCOME | (765) | (399) | (1,576) |
INTEREST EXPENSE, NET | 124,870 | 129,772 | 164,537 |
INCOME BEFORE INCOME TAX EXPENSE | 253,832 | 231,702 | 197,703 |
INCOME TAX EXPENSE | 42,076 | 59,514 | 34,351 |
Net income | 211,756 | 172,188 | 163,352 |
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | (98,892) | (93,341) | (93,420) |
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ 112,864 | $ 78,847 | $ 69,932 |
NET INCOME PER COMMON SHARE: | |||
Basic (in dollars per share) | $ 0.60 | $ 0.41 | $ 0.35 |
Diluted (in dollars per share) | $ 0.59 | $ 0.41 | $ 0.35 |
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING: | |||
Basic (in shares) | 189,389 | 193,101 | 200,572 |
Diluted (in shares) | 189,821 | 193,670 | 200,736 |
ESH REIT | |||
REVENUES: | |||
REVENUES - Rental revenues from Extended Stay America, Inc. (Note 11) | $ 667,428 | $ 683,500 | $ 694,275 |
OPERATING EXPENSES: | |||
General and administrative expenses | 15,245 | 14,801 | 14,264 |
Depreciation and amortization | 207,313 | 225,484 | 216,394 |
Impairment of long-lived assets | 0 | 15,046 | 0 |
Total operating expenses | 307,647 | 345,826 | 319,824 |
GAIN ON SALE OF HOTEL PROPERTIES, NET (Note 4) | (5,624) | 8,562 | 0 |
OTHER INCOME | 645 | 673 | 5 |
INCOME FROM OPERATIONS | 354,802 | 346,909 | 374,456 |
OTHER NON-OPERATING INCOME | (869) | (227) | (1,245) |
INTEREST EXPENSE, NET | 124,745 | 130,923 | 163,443 |
INCOME BEFORE INCOME TAX EXPENSE | 230,926 | 216,213 | 212,258 |
INCOME TAX EXPENSE | 797 | 1,229 | 51 |
Net income | 230,129 | 214,984 | 212,207 |
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | 230,113 | 214,968 | 212,191 |
ESH REIT | Common Class A | |||
OPERATING EXPENSES: | |||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ 131,039 | $ 121,627 | $ 118,787 |
NET INCOME PER COMMON SHARE: | |||
Basic (in dollars per share) | $ 0.52 | $ 0.49 | $ 0.47 |
Diluted (in dollars per share) | $ 0.52 | $ 0.48 | $ 0.47 |
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING: | |||
Weighted average number of common shares outstanding - basic and diluted (in shares) | 250,494 | 250,494 | 250,494 |
Diluted (in shares) | 250,494 | 250,494 | 250,494 |
ESH REIT | Common Class B | |||
OPERATING EXPENSES: | |||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ 99,074 | $ 93,341 | $ 93,404 |
NET INCOME PER COMMON SHARE: | |||
Basic (in dollars per share) | $ 0.52 | $ 0.48 | $ 0.47 |
Diluted (in dollars per share) | $ 0.52 | $ 0.48 | $ 0.47 |
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING: | |||
Basic (in shares) | 189,389 | 193,101 | 200,572 |
Diluted (in shares) | 189,821 | 193,101 | 200,736 |
Room revenues | |||
REVENUES: | |||
Revenues | $ 1,237,311 | $ 1,260,868 | $ 1,250,865 |
Other hotel revenues | |||
REVENUES: | |||
Revenues | 21,871 | 21,857 | 19,728 |
Franchise and management fees | |||
REVENUES: | |||
Revenues | 3,310 | 0 | 0 |
OPERATING EXPENSES: | |||
Hotel operating expenses | 13,217 | 0 | 0 |
Hotel | |||
REVENUES: | |||
Revenues | 1,262,492 | 1,282,725 | 1,270,593 |
OPERATING EXPENSES: | |||
Hotel operating expenses | 583,029 | 585,545 | 580,772 |
Hotel | ESH REIT | |||
OPERATING EXPENSES: | |||
Hotel operating expenses | 85,089 | 90,495 | 89,166 |
Other revenues from franchised and managed properties | |||
REVENUES: | |||
Revenues | 12,567 | 0 | 0 |
OPERATING EXPENSES: | |||
INCOME FROM OPERATIONS | $ (650) | $ 0 | $ 0 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
NET INCOME | $ 211,756 | $ 172,188 | $ 163,352 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 253,832 | 231,702 | 197,703 |
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS: | |||
FOREIGN CURRENCY TRANSLATION (LOSS) GAIN, NET OF TAX OF $0, $(125) AND $1,207 | (52) | 430 | 1,713 |
RECLASSIFICATION ADJUSTMENT - SALE OF CANADIAN HOTEL PROPERTIES, NET OF TAX OF $0, $(3,599) AND $0 | 0 | 10,913 | 0 |
TOTAL FOREIGN CURRENCY TRANSLATION ADJUSTMENTS | (52) | 11,343 | 1,713 |
DERIVATIVE ADJUSTMENTS: | |||
INTEREST RATE CASH FLOW HEDGE (LOSS) GAIN, NET OF TAX OF $(204), $(46), AND $1,109 | (394) | 1,447 | 3,882 |
RECLASSIFICATION ADJUSTMENT - AMOUNTS RECLASSIFIED TO NET INCOME, NET OF TAX OF $0 | 0 | 663 | 0 |
TOTAL DERIVATIVE ADJUSTMENTS | (394) | 2,110 | 3,882 |
COMPREHENSIVE INCOME | 211,310 | 185,641 | 168,947 |
COMPREHENSIVE INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS | (98,647) | (98,113) | (95,876) |
COMPREHENSIVE INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | 112,663 | 87,528 | 73,071 |
ESH REIT | |||
NET INCOME | 230,129 | 214,984 | 212,207 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 230,926 | 216,213 | 212,258 |
FOREIGN CURRENCY TRANSLATION ADJUSTMENTS: | |||
FOREIGN CURRENCY TRANSLATION (LOSS) GAIN, NET OF TAX OF $0, $(125) AND $1,207 | 0 | 531 | 583 |
RECLASSIFICATION ADJUSTMENT - SALE OF CANADIAN HOTEL PROPERTIES, NET OF TAX OF $0, $(3,599) AND $0 | 0 | 12,256 | 0 |
TOTAL FOREIGN CURRENCY TRANSLATION ADJUSTMENTS | 0 | 12,787 | 583 |
DERIVATIVE ADJUSTMENTS: | |||
INTEREST RATE CASH FLOW HEDGE (LOSS) GAIN, NET OF TAX OF $(204), $(46), AND $1,109 | (585) | 1,400 | 4,975 |
RECLASSIFICATION ADJUSTMENT - AMOUNTS RECLASSIFIED TO NET INCOME, NET OF TAX OF $0 | 0 | 663 | 0 |
TOTAL DERIVATIVE ADJUSTMENTS | (585) | 2,063 | 4,975 |
COMPREHENSIVE INCOME | $ 229,544 | $ 229,834 | $ 217,765 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Entity Information [Line Items] | |||
Foreign currency translation tax adjustment | $ 0 | $ (125) | $ 1,207 |
Reclassification adjustment - sale of Canadian hotel properties, tax | 0 | (3,599) | 0 |
Interest rate cash flow hedge gain, net of tax | (204) | (46) | 1,109 |
Reclassification adjustment - amounts reclassified to net income, tax | 0 | 0 | 0 |
ESH REIT | |||
Entity Information [Line Items] | |||
Foreign currency translation tax adjustment | 0 | 0 | 91 |
Reclassification adjustment - sale of Canadian hotel properties, tax | 0 | (264) | 0 |
Interest rate cash flow hedge gain, net of tax | (13) | 0 | 16 |
Reclassification adjustment - amounts reclassified to net income, tax | $ 0 | $ 0 | $ 0 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity (ESA) - USD ($) shares in Thousands, $ in Thousands | Total | Common Stock | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Total Extended Stay America, Inc. Shareholders’ Equity | Non-controlling Interests |
Net income available to Extended Stay America, Inc. common shareholders - basic | $ 69,932 | ||||||
Balance at Dec. 31, 2015 | 1,488,357 | $ 2,049 | $ 784,194 | $ 102,184 | $ (8,754) | $ 879,673 | $ 608,684 |
Balance, shares at Dec. 31, 2015 | 204,594 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 163,352 | 69,932 | 69,932 | 93,420 | |||
Foreign currency translation gain (loss), net of tax | 1,713 | 1,438 | 1,438 | 275 | |||
Interest rate cash flow hedge loss, net of tax | 3,882 | 1,701 | 1,701 | 2,181 | |||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) | (139,895) | $ (94) | (86,126) | (86,220) | (53,675) | ||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares), shares | (9,415) | ||||||
Corporation common distributions | (62,311) | (62,311) | (62,311) | ||||
ESH REIT common distributions | (87,605) | (87,605) | |||||
ESH REIT preferred distributions | (16) | (16) | |||||
Adjustment to noncontrolling interest for change in ownership of ESH REIT | 0 | (13,508) | (13,508) | 13,508 | |||
Equity-based compensation | 9,762 | $ 2 | 4,125 | 4,127 | 5,635 | ||
Equity-based compensation, shares | 228 | ||||||
Balance at Dec. 31, 2016 | 1,377,239 | $ 1,957 | 774,811 | 23,679 | (5,615) | 794,832 | 582,407 |
Balance, shares at Dec. 31, 2016 | 195,407 | ||||||
Net income available to Extended Stay America, Inc. common shareholders - basic | 78,847 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 172,188 | 78,847 | 78,847 | 93,341 | |||
Foreign currency translation gain (loss), net of tax | 11,343 | 7,467 | 7,467 | 3,876 | |||
Interest rate cash flow hedge loss, net of tax | 2,110 | 0 | 1,214 | 1,214 | 896 | ||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) | (62,323) | $ (39) | (39,508) | (39,547) | (22,776) | ||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares), shares | (3,624) | ||||||
Corporation common distributions | (56,101) | (56,101) | (56,101) | ||||
ESH REIT common distributions | (102,563) | (102,563) | |||||
ESH REIT preferred distributions | (16) | (16) | |||||
Adjustment to noncontrolling interest for change in ownership of ESH REIT | 0 | (5,699) | (5,699) | 5,699 | |||
Equity-based compensation | 3,970 | $ 3 | (433) | (430) | 4,400 | ||
Equity-based compensation, shares | 317 | ||||||
Balance at Dec. 31, 2017 | 1,345,847 | $ 1,921 | 768,679 | 6,917 | 3,066 | 780,583 | 565,264 |
Balance, shares at Dec. 31, 2017 | 192,100 | ||||||
Net income available to Extended Stay America, Inc. common shareholders - basic | 112,864 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Net income | 211,756 | 112,864 | 98,892 | ||||
Foreign currency translation gain (loss), net of tax | (52) | (52) | (52) | 0 | |||
Interest rate cash flow hedge loss, net of tax | (394) | (149) | (149) | (245) | |||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares) | (85,405) | $ (43) | (54,303) | (54,346) | (31,059) | ||
Repurchase of Corporation common stock and ESH REIT Class B common stock (Paired Shares), shares | (4,307) | ||||||
Corporation common distributions | (45,619) | (12,196) | (33,423) | (45,619) | 0 | ||
ESH REIT common distributions | (119,818) | (119,818) | |||||
ESH REIT preferred distributions | (16) | (16) | |||||
Adjustment to noncontrolling interest for change in ownership of ESH REIT | 0 | (9,292) | (9,292) | 9,292 | |||
Equity-based compensation | 4,340 | $ 4 | 2,028 | 2,032 | 2,308 | ||
Equity-based compensation, shares | 426 | ||||||
Balance at Dec. 31, 2018 | $ 1,310,639 | $ 1,882 | $ 749,219 | 32,432 | 2,488 | $ 786,021 | $ 524,618 |
Balance, shares at Dec. 31, 2018 | 188,219 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Cumulative effect adjustment of ASC 2017-12 | $ 377 | $ (377) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Equity (ESH REIT) - USD ($) $ in Thousands | Total | Common Stock | Additional Paid in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | ESH REIT | ESH REITCommon Class B | ESH REITCommon Stock | ESH REITCommon StockCommon Class A | ESH REITCommon StockCommon Class B | ESH REITPreferred Stock | ESH REITAdditional Paid in Capital | ESH REITRetained Earnings | ESH REITAccumulated Other Comprehensive Income (Loss) |
Balance at Dec. 31, 2015 | $ 1,488,357 | $ 2,049 | $ 784,194 | $ 102,184 | $ (8,754) | $ 1,346,466 | $ 4,554 | $ 73 | $ 1,168,903 | $ 186,306 | $ (13,370) | |||
Balance, shares at Dec. 31, 2015 | 204,594,000 | 250,494,000 | 204,594,000 | |||||||||||
Balance, preferred shares (in shares) at Dec. 31, 2015 | 125 | |||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Net income | 163,352 | 69,932 | 212,207 | 212,207 | ||||||||||
Foreign currency translation gain (loss), net of tax | 1,713 | 1,438 | 583 | 583 | ||||||||||
Interest rate cash flow hedge loss, net of tax | 3,882 | 1,701 | 4,975 | 4,975 | ||||||||||
Repurchase of Class B common stock | (139,895) | $ (94) | (86,126) | (53,675) | (94) | (53,581) | ||||||||
Repurchase of Class B common stock, shares | (9,415,000) | (9,415,000) | ||||||||||||
Common distributions | (62,311) | (62,311) | (195,317) | (26,933) | (168,384) | |||||||||
ESH REIT preferred distributions | (16) | (16) | (16) | |||||||||||
Equity-based compensation, shares | 228,000 | 228,000 | ||||||||||||
Equity-based compensation | 9,762 | $ 2 | 4,125 | 2,696 | 2,694 | |||||||||
Balance at Dec. 31, 2016 | 1,377,239 | $ 1,957 | 774,811 | 23,679 | (5,615) | 1,317,919 | 4,462 | $ 73 | 1,144,664 | 176,532 | (7,812) | |||
Balance, shares at Dec. 31, 2016 | 195,407,000 | 250,494,000 | 195,407,000 | |||||||||||
Balance, preferred shares (in shares) at Dec. 31, 2016 | 125 | |||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Net income | 172,188 | 78,847 | 214,984 | 214,984 | ||||||||||
Foreign currency translation gain (loss), net of tax | 11,343 | 7,467 | 12,787 | 12,787 | ||||||||||
Interest rate cash flow hedge loss, net of tax | 2,110 | 0 | 1,214 | 2,063 | 2,063 | |||||||||
Repurchase of Class B common stock | (62,323) | $ (39) | (39,508) | (22,776) | (39) | (22,737) | ||||||||
Repurchase of Class B common stock, shares | (3,624,000) | (2,000,000) | (3,624,000) | |||||||||||
Common distributions | (56,101) | (56,101) | (235,322) | (58,523) | (176,799) | |||||||||
ESH REIT preferred distributions | (16) | (16) | (16) | |||||||||||
Equity-based compensation, shares | 317,000 | 317,000 | ||||||||||||
Equity-based compensation | 3,970 | $ 3 | (433) | 2,655 | 3 | 2,652 | ||||||||
Balance at Dec. 31, 2017 | 1,345,847 | $ 1,921 | 768,679 | 6,917 | 3,066 | $ 1,292,294 | 4,426 | $ 73 | 1,088,793 | 191,964 | 7,038 | |||
Balance, shares at Dec. 31, 2017 | 192,100,000 | 250,494,000 | 192,100,000 | |||||||||||
Balance, preferred shares (in shares) at Dec. 31, 2017 | 125 | 125 | ||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Cumulative effect adjustment of ASC 2017-12 | $ 0 | 664 | (664) | |||||||||||
Net income | 211,756 | 230,129 | ||||||||||||
Foreign currency translation gain (loss), net of tax | (52) | (52) | 0 | |||||||||||
Interest rate cash flow hedge loss, net of tax | (394) | (149) | (585) | |||||||||||
Interest rate cash flow hedge loss, net of tax | (585) | (585) | ||||||||||||
Repurchase of Class B common stock | (85,405) | $ (43) | (54,303) | (31,059) | (43) | (31,016) | ||||||||
Repurchase of Class B common stock, shares | (4,307,000) | (4,307,000) | ||||||||||||
Common distributions | (45,619) | (12,196) | (33,423) | (277,629) | (277,629) | |||||||||
ESH REIT preferred distributions | (16) | (16) | (16) | |||||||||||
Equity-based compensation, shares | 426,000 | 426,000 | ||||||||||||
Equity-based compensation | 4,340 | $ 4 | 2,028 | 2,020 | 4 | 2,016 | ||||||||
Balance at Dec. 31, 2018 | $ 1,310,639 | $ 1,882 | $ 749,219 | 32,432 | 2,488 | $ 1,215,154 | $ 4,387 | $ 73 | $ 1,090,809 | $ 114,096 | $ 5,789 | |||
Balance, shares at Dec. 31, 2018 | 188,219,000 | 250,494,000 | 188,219,000 | |||||||||||
Balance, preferred shares (in shares) at Dec. 31, 2018 | 125 | 125 | ||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Cumulative effect adjustment of ASC 2017-12 | $ 377 | $ (377) |
Consolidated Statements of Ch_3
Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares | Feb. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Cash distributions per common share (in dollars per share) | $ 0.24 | $ 0.29 | $ 0.31 | |
Common Class B | ||||
Cash distributions per common share (in dollars per share) | 0.63 | 0.53 | 0.43 | |
ESH REIT | Common Class B | ||||
Cash distributions per common share (in dollars per share) | $ 0.15 | 0.63 | 0.53 | 0.43 |
ESH REIT | Common Class A | ||||
Cash distributions per common share (in dollars per share) | $ 0.63 | $ 0.53 | $ 0.43 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
OPERATING ACTIVITIES: | |||
Net income | $ 211,756 | $ 172,188 | $ 163,352 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 209,329 | 229,216 | 221,309 |
Foreign currency transaction loss (gain) | 443 | (713) | (1,576) |
Loss on interest rate swap | 0 | 667 | 0 |
Amortization and write-off of deferred financing costs and debt discount | 8,614 | 8,097 | 31,116 |
Amortization and write-off of above-market ground leases | (1,427) | (136) | (136) |
Debt prepayment and extinguishment costs | 1,183 | 2,351 | 3,999 |
Loss on disposal of property and equipment | 3,413 | 8,606 | 10,740 |
Gain on sale of hotel properties, net | (42,478) | (9,973) | |
Impairment of long-lived assets | 43,600 | 25,169 | 9,828 |
Equity-based compensation | 8,318 | 7,552 | 12,000 |
Deferred income tax expense (benefit) | 1,019 | 963 | (25,975) |
Changes in assets and liabilities: | |||
Accounts receivable, net | 2,244 | (895) | (2,655) |
Other assets | (10,214) | (3,606) | 1,829 |
Accounts payable and accrued liabilities | 14,050 | 7,034 | (1,427) |
Net cash provided by operating activities | 449,850 | 446,520 | 422,404 |
INVESTING ACTIVITIES: | |||
Purchases of property and equipment | (158,709) | (166,378) | (225,323) |
Acquisition of hotel property | (12,729) | 0 | 0 |
Development in process payments | (34,790) | 0 | 0 |
Payments for intangible assets | (3,046) | 0 | 0 |
Proceeds from sale of hotel properties | 309,062 | 63,936 | 0 |
Proceeds from insurance and related recoveries | 6,488 | 3,302 | 3,057 |
Net cash provided by (used in) investing activities | 106,276 | (99,140) | (222,266) |
FINANCING ACTIVITIES: | |||
Principal payments on mortgage loan | 0 | 0 | (1,931,157) |
Proceeds from term loan facilities, net of debt discount | 0 | 1,293,500 | |
Principal payments on term loan facilities | (147,215) | (16,193) | (366,463) |
Proceeds from senior notes, net of debt discount | 0 | 788,000 | |
Proceeds from revolving credit facilities | 0 | 105,000 | 70,000 |
Payments on revolving credit facilities | 0 | (150,000) | (25,000) |
Payments of deferred financing costs | 0 | 0 | (34,475) |
Debt prepayment and extinguishment costs | (1,183) | (2,351) | (3,999) |
Tax withholdings related to restricted stock unit settlements | (3,989) | (3,548) | (2,229) |
Repurchase of Corporation common stock and ESH REIT class B common stock (Paired Shares) | (85,405) | (62,323) | (139,895) |
Repurchase of Corporation mandatorily redeemable preferred stock | (3) | (14,069) | 0 |
Corporation common distributions | (45,791) | (56,126) | (74,153) |
ESH REIT common distributions | (120,005) | (102,845) | (126,058) |
ESH REIT preferred distributions | (16) | (16) | (16) |
Net cash used in financing activities | (403,607) | (302,471) | (551,945) |
CHANGES IN CASH AND CASH EQUIVALENTS DUE TO CHANGES IN FOREIGN CURRENCY EXCHANGE RATES | (157) | 293 | (76) |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 152,362 | 45,202 | (351,883) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period | 150,974 | 105,772 | 457,655 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period | 303,336 | 150,974 | 105,772 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Cash payments for interest, excluding prepayment and other penalties | 118,509 | 123,953 | 117,518 |
Cash payments for income taxes, net of refunds of $351, $571 and $2,026 | 38,577 | 55,694 | 78,903 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
Capital expenditures included in accounts payable and accrued liabilities | 27,850 | 12,596 | 21,912 |
Capital lease assets included in accounts payable and accrued liabilities | 4 | 0 | 0 |
Deferred financing costs included in accounts payable and accrued liabilities | 0 | 0 | 79 |
Principal payments on term loan facilities included in accounts payable and accrued liabilities | 0 | 0 | 3,250 |
Proceeds from sale of hotel properties included in other assets | 0 | 12,589 | 0 |
Corporation common distributions included in accounts payable and accrued liabilities | 357 | 532 | 559 |
ESH REIT | |||
OPERATING ACTIVITIES: | |||
Net income | 230,129 | 214,984 | 212,207 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 207,313 | 225,484 | 216,394 |
Foreign currency transaction loss (gain) | 340 | (541) | (1,245) |
Loss on interest rate swap | 0 | 667 | 0 |
Amortization and write-off of deferred financing costs and debt discount | 8,505 | 7,987 | 30,358 |
Amortization and write-off of above-market ground leases | (1,426) | (136) | (136) |
Debt prepayment and extinguishment costs | 1,183 | 2,351 | 3,999 |
Loss on disposal of property and equipment | 3,413 | 8,606 | 10,739 |
Gain on sale of hotel properties, net | 5,624 | (8,562) | 0 |
Impairment of long-lived assets | 0 | 15,046 | 0 |
Equity-based compensation | 836 | 412 | 126 |
Deferred income tax expense (benefit) | (15) | (3,733) | 571 |
Changes in assets and liabilities: | |||
Deferred rents receivable from Extended Stay America, Inc. | 15,044 | 15,162 | 1,288 |
Due (to) from Extended Stay America, Inc., net | (2,323) | (1,261) | 4,400 |
Other assets | (3,541) | (2,855) | 3,268 |
Unearned rental revenues/rents receivable from Extended Stay America, Inc., net | (3,412) | (470) | 3,267 |
Accounts payable and accrued liabilities | 4,788 | 452 | 7,113 |
Net cash provided by operating activities | 466,458 | 473,593 | 492,349 |
INVESTING ACTIVITIES: | |||
Purchases of property and equipment | (153,513) | (163,797) | (222,257) |
Acquisition of hotel property | (12,733) | 0 | 0 |
Development in process payments | (34,790) | 0 | 0 |
Payments for intangible assets | (2,796) | 0 | 0 |
Proceeds from sale of hotel properties | 309,062 | 57,989 | 0 |
Proceeds from insurance and related recoveries | 6,488 | 3,302 | 2,958 |
Net cash provided by (used in) investing activities | 111,718 | (102,506) | (219,299) |
FINANCING ACTIVITIES: | |||
Principal payments on mortgage loan | 0 | 0 | (1,931,157) |
Proceeds from term loan facilities, net of debt discount | 0 | 0 | 1,293,500 |
Principal payments on term loan facilities | (147,215) | (16,193) | (366,463) |
Proceeds from senior notes, net of debt discount | 0 | 0 | 788,000 |
Proceeds from revolving credit facilities | 0 | 105,000 | 70,000 |
Payments on revolving credit facilities | 0 | (150,000) | (25,000) |
Payments of deferred financing costs | 0 | 0 | (34,165) |
Debt prepayment and extinguishment costs | (1,183) | (2,351) | (3,999) |
Proceeds from loan payable to Extended Stay America, Inc. | 0 | 0 | 75,000 |
Principal payments on loan payable to Extended Stay America, Inc. | 0 | (50,000) | (25,000) |
Net proceeds to Extended Stay America, Inc. | 0 | 0 | (10,306) |
Repurchase of Corporation common stock and ESH REIT class B common stock (Paired Shares) | (31,057) | (22,773) | (53,675) |
Issuance of Class B common stock related to issuance of Paired Shares | 2,732 | 1,915 | 1,244 |
Corporation common distributions | (277,814) | (235,604) | (281,364) |
ESH REIT preferred distributions | (16) | (16) | (16) |
Net cash used in financing activities | (454,553) | (370,022) | (503,401) |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 123,623 | 1,065 | (230,351) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - Beginning of period | 54,915 | 53,850 | 284,201 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - End of period | 178,538 | 54,915 | 53,850 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||
Cash payments for interest, excluding prepayment and other penalties | 117,756 | 125,006 | 116,919 |
Cash payments for income taxes, net of refunds of $351, $571 and $2,026 | 730 | 2,483 | 1,712 |
NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
Capital expenditures included in accounts payable and accrued liabilities | 27,505 | 12,314 | 20,996 |
Capital lease assets included in accounts payable and accrued liabilities | 4 | 0 | 0 |
Deferred financing costs included in accounts payable and accrued liabilities | 0 | 0 | 76 |
Principal payments on term loan facilities included in accounts payable and accrued liabilities | 0 | 0 | 3,250 |
Proceeds from sale of hotel properties included in other assets | 0 | 12,589 | 0 |
Corporation common distributions included in accounts payable and accrued liabilities | 792 | 983 | 1,269 |
ESH REIT common distributions included in accounts payable and accrued liabilities | 792 | 983 | 1,269 |
Net receivable related to RSUs not yet settled or issued included in due to/from Extended Stay America, Inc. | $ 403 | $ 1,386 | $ 958 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income tax payments - refunds | $ 351 | $ 571 | $ 2,026 |
ESH REIT | |||
Income tax payments - refunds | $ 6 | $ 5 | $ 416 |
Business, Organization and Basi
Business, Organization and Basis of Consolidation | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Business, Organization and Basis of Consolidation | BUSINESS, ORGANIZATION AND BASIS OF CONSOLIDATION Extended Stay America, Inc. (the “Corporation”) was incorporated in the state of Delaware on July 8, 2013. 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 Corporation owns, and is expected to continue to own, all of the issued and outstanding Class A common stock of ESH REIT, which, as of December 31, 2018 and 2017 , represents approximately 57% 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 its consolidated subsidiaries, including ESH REIT. A “Paired Share” consists 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. Each outstanding share of Corporation common stock is attached to and trades with one share of ESH REIT Class B common stock. The Company is an integrated owner/operator of Extended Stay America-branded hotels and is also engaged in franchising and managing extended stay hotels for third parties in the U.S. As of December 31, 2018 , the Company owned and operated 554 hotel properties in 40 U.S. states, consisting of approximately 61,500 rooms, and franchised or managed 73 hotel properties for third parties, consisting of approximately 7,500 rooms. All system-wide hotels are operated under the Extended Stay America brand. As of December 31, 2017 , the Company owned and operated 624 hotel properties in 44 U.S. states, consisting of approximately 68,600 rooms, and managed three hotels under short-term management agreements. Hotel properties are owned by subsidiaries of ESH REIT and are operated by subsidiaries of the Corporation (the “Operating Lessees”) pursuant to leases between ESH REIT and the Operating Lessees. The hotels are managed by ESA Management LLC (“ESA Management”), a subsidiary of the Corporation, which also manages hotels on behalf of third parties. The Extended Stay America brand is owned by ESH Hospitality Strategies LLC (“ESH Strategies”), also a subsidiary of the Corporation. ESH Strategies licenses the brand and intellectual property related to our businesses to its subsidiaries, ESH Strategies Branding LLC and ESH Strategies Franchise LLC, which license them to the Operating Lessees and third parties, respectively. Basis of Consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”) and include the financial position, results of operations, comprehensive income, changes in equity and cash flows of the Corporation and its consolidated subsidiaries, including ESH REIT. Third party equity interests in consolidated subsidiaries are presented as noncontrolling interests. Despite the fact that each share of Corporation common stock is paired on a one-for-one basis with each share of ESH REIT Class B common stock, the Corporation does not own the ESH REIT Class B common stock; therefore, ESH REIT Class B common stock represents a third party equity interest. As such, the rights associated with the ESH REIT Class B common stock, along with other third party equity interests in ESH REIT are presented as noncontrolling interests in the accompanying consolidated financial statements (see Note 11). Changes in ownership interests in a consolidated subsidiary that do not result in a loss of control are accounted for as equity transactions. All intercompany accounts and transactions have been eliminated. With respect to the consolidated statements of cash flows and segments disclosure (see Note 16), certain prior period amounts have been reclassified for comparability to current period presentation. |
ESH REIT | |
Entity Information [Line Items] | |
Business, Organization and Basis of Consolidation | 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”), the parent of ESH REIT, was incorporated in the state of Delaware on July 8, 2013. The Corporation owns, and is expected to continue to own, all of the issued and outstanding Class A common stock of ESH REIT, which, as of December 31, 2018 , represents approximately 57% of the outstanding common stock of ESH REIT. A “Paired Share” consists 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. Each outstanding share of ESH REIT Class B common stock is attached to and trades with one share of Corporation common stock. As of December 31, 2018 , ESH REIT and its subsidiaries owned and leased 554 hotel properties in 40 U.S. states, consisting of approximately 61,500 rooms. As of December 31, 2017 , ESH REIT and its subsidiaries owned and leased 624 hotel properties in 44 U.S. states, consisting of approximately 68,600 rooms. All hotels are leased to wholly-owned subsidiaries of the Corporation (the “Operating Lessees”). Basis of Consolidation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”) and include the financial position, results of operations, comprehensive income, changes in equity and cash flows of ESH REIT and its consolidated subsidiaries. Changes in ownership interests in a consolidated subsidiary that do not result in a loss of control are accounted for as equity transactions. All intercompany accounts and transactions have been eliminated. With respect to the consolidated statements of cash flows, certain prior period amounts have been reclassified for comparability to current period presentation. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Summary of Significant Accounting Policies | 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 amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the estimated useful lives of tangible assets as well as in the assessment of tangible and intangible assets for impairment (see Note 5 ), estimated liabilities for insurance reserves and income taxes and the grant-date fair value of certain equity-based awards. 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. Restricted Cash —Restricted cash consists of deposits held for insurance collateral and net sale proceeds from hotel sales held by qualified intermediaries pursuant to pending tax-free exchanges under Section 1031 of the Internal Revenue Code (“1031 exchanges”). Accounts Receivable and Allowance for Doubtful Accounts —Accounts receivable consists of receivables due from corporate customers and third-party internet intermediaries with respect to owned hotels, as well as certain amounts due from franchisees. A 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. There were no material write-offs recognized during the years ended December 31, 2018 , 2017 or 2016 . 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 acquired land, site improvements, building and improvements and furniture, fixtures and equipment are determined on an “if-vacant” basis considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, 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 dates of acquisition. 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 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Corporate furniture, fixtures equipment 3–15 years Management assesses the performance of long-lived assets for potential impairment quarterly, as well as when events or changes in circumstances indicate the carrying amount of an asset, or group of assets, may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property (or group of hotel properties) to the estimated future undiscounted cash flows expected to be generated by the hotel property (or 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 hotel property (or group of hotel properties). To the extent that a hotel property (or group of hotel properties) is impaired, the excess carrying amount over its estimated fair value is recognized as an impairment charge and reduces income from operations. Fair value is determined based upon the discounted cash flows of the hotel property (or group of hotel properties), bids, quoted market prices or independent appraisals, as considered necessary. 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 hotel property could occur in a future period in which conditions change (see Note 5). Intangible Assets and Liabilities —Intangible assets include trademarks, corporate customer relationships and licenses related to certain internal-use software. Intangible liabilities include above-market contracts. Corporate customer relationships, licenses and above-market contracts are amortized using the straight-line method over their estimated useful lives; the estimated useful life of customer relationships is 20 years , and the estimated useful life of above-market contracts and software licenses is the remaining non-cancellable term of the respective contract. Finite-lived intangible assets are reviewed for impairment quarterly and whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. Trademarks and licenses for software in process are not amortized. Indefinite-lived intangible assets are reviewed for impairment quarterly. 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. 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, 2018 , 2017 or 2016 . Goodwill —Goodwill represents the excess purchase price over the fair value of net assets acquired. The Company tests goodwill for impairment quarterly and 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 two reportable operating segments, owned and operated hotels and franchised or managed hotels. There is no goodwill associated with franchised or managed hotels. Management analyzes goodwill associated with all owned 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 a reporting unit is less than its carrying amount. No impairment charges related to goodwill were recognized during the years ended December 31, 2018 , 2017 or 2016 . Assets Held For Sale —The Company classifies assets as held for sale when management commits to a formal plan to sell the assets, actively seeks a buyer for the assets and the consummation of a sale is considered probable and is expected within one year. The Company takes into consideration when determining whether the consummation of a sale is probable the following criteria: (i) whether a purchase and sale agreement has been executed, (ii) whether the buyer has a significant non-refundable deposit at risk and (iii) whether significant financing contingencies exist. Upon designating an asset as held for sale, the Company stops recognizing depreciation expense and records the asset at the lower of its carrying value, including allocable goodwill, or its estimated fair value less estimated costs to sell. Any such adjustment in the carrying value is recognized as an impairment charge. Discontinued Operations— The Company classifies hotel properties sold or held for sale as discontinued operations when the disposal represents a strategic shift that has (or will have) a major effect on its operations and financial results, which would require separate presentation on the consolidated balance sheets and statements of operations. No hotel properties were classified as discontinued operations during the years ended December 31, 2018 , 2017 or 2016 . 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. Deferred financing costs are presented in the accompanying consolidated balance sheets as a direct deduction of the carrying amount of the related debt liability, except those incurred under a revolving-debt arrangement which are presented as a component of other assets. Upon repayment, or in conjunction with a material change in the terms of the underlying debt agreement, remaining unamortized costs are written off as a component of net interest expense. Amortization of deferred financing costs is also included as a component of interest expense (see Note 7). Revenue Generated from Owned and Operated Hotels — Revenue generated from owned and operated hotels consists of room and other hotel revenues recognized when services are provided. When a reservation is made, the Company deems that the parties have approved a contract in accordance with customary business practices and are committed to perform their respective obligations. At such time, each party’s rights regarding the services to be transferred are identified, payment terms are specified, the contract has commercial substance and, in most instances, it is probable the Company will collect substantially all consideration to which it will be entitled in exchange for services. Each room night consumed by a guest with a cancellable reservation represents a contract whereby the Company has a performance obligation to provide the room night at an agreed upon price. For cancellable reservations, the Company recognizes revenue as each performance obligation (i.e., each room night) is met. Such contract is renewed if the guest continues their stay. For room nights consumed by a guest with a non-cancellable reservation, the entire reservation period represents the contract term whereby the Company has a performance obligation to provide the room night or nights at an agreed upon price. For non-cancellable reservations, the Company recognizes revenue over the term of the performance period (i.e., the reservation period) as room nights are consumed. For these reservations, the room rate is typically fixed over the reservation period. The Company uses an output method based on performance completed to date (i.e., room nights consumed) to determine the amount of revenue it recognizes on a daily basis if the length of a non-cancellable reservation exceeds one night since consumption of room nights indicates when services are transferred to the guest. In certain instances, variable consideration may exist with respect to the transaction price, such as discounts, coupons and price concessions made upon guest checkout. In evaluating its performance obligation, the Company bundles the obligation to provide the guest the room itself with other obligations (such as free WiFi, grab and go breakfast, access to on-site laundry facilities and parking), as the other obligations are not distinct and separable because the guest cannot benefit from the additional amenities without the consumed room night. The Company’s obligation to provide the additional items or services is not separately identifiable from the fundamental contractual obligation (i.e., providing the room and its contents). The Company has no performance obligations once a guest’s stay is complete. Certain revenues are generated through third-party intermediaries or distribution channels (i.e., online travel agents). Regardless of the basis on which the Company is compensated (i.e., gross or net), the Company is responsible for fulfilling the promise to provide the hotel room and related services to the guest and retains inventory risk. Since the Company controls the inventory and services provided and because third party intermediaries are typically not contractually required to guarantee room night consumption, the Company is the principal in these transactions. As such, the Company is required to record revenue at an amount equal to the price charged to the guest (i.e., on a gross basis). Third-party intermediaries that pay the Company directly (i.e., on a net basis) typically charge the guest additional fees, blend the room offering with other offerings at amounts which are not allocable and may adjust the price without the Company’s approval. As such, the Company is unable to calculate the room rate charged to the guest. Since any estimate the Company would make has significant uncertainty that ultimately would not be resolved, despite its role as principal, in these instances the Company records revenue equal to the amount paid by the third-party intermediaries (i.e., the net amount). Revenue Generated from Franchise and Management Contracts — Revenue generated from franchise and management contracts consists of the following: • Franchise fees, which consist of an initial fee and an ongoing royalty fee based on a percentage of a hotel’s monthly revenue in exchange for the access to and use of the Company’s brand name and other intellectual property. Initial fees are deferred and recognized over the expected contract or customer life. Royalty fees are recognized over time as franchisees derive value from the license to use the intellectual property. • Management fees, which consist of an ongoing base fee calculated as a percentage of a hotel’s monthly revenue in exchange for on-site hotel management services. Management fees are recognized over time as third-party hotel owners derive value from on-site personnel and related services. • Other revenues from franchised and managed properties, which include the reimbursement of costs incurred on behalf of third-party owners on a direct and an indirect basis. ◦ Direct costs incurred with respect to management and franchise agreements include on-site hotel personnel and incremental reservation and distribution costs, respectively, for which the Company is reimbursed on a dollar-for-dollar basis. Since the Company employs the hotel personnel and has discretion over reservation and distribution costs, it is the principal with respect to these services and revenue is recognized on a gross basis. ◦ Indirect costs incurred with respect to franchise agreements include costs associated with certain shared system-wide platforms (i.e., system services), such as marketing, central reservations, revenue management and property management processes and/or systems. The Company is reimbursed for indirect costs through a system service, or program, fee based on a percentage of a hotel’s monthly revenue. System service fees are recognized over time as franchisees derive value from the license to use these processes and systems. The Company has discretion over how it spends system service fees and is the principal with respect to these services. Revenue is recognized on a gross basis; expense is recognized as incurred. Over time, the Company manages system services to break-even, but the timing of revenue will typically not align with expense to operate the programs. The promise to provide access to the Company’s intellectual property is combined with the promise to provide system services to form a single performance obligation since the promises generally accompany one another. Hotel management services form a single performance obligation. As noted above, each identified performance obligation is considered to be a series of services transferred over time. Revenue is recognized on an output method based on performance completed to date. The Company recognizes revenue in the amount to which it has a right to bill third parties under their respective franchise and/or management agreements, as it has a right to consideration in an amount that corresponds directly with the third parties’ hotel revenues. Franchise, management and system service fees are characterized as variable consideration and vary from period to period. In the event that fees include variables that extend beyond the current period, the Company uses the most likely amount method to determine the amount of revenue to record based on a reasonable revenue forecast for the applicable hotel. In most instances, the Company does not have constraining estimates, as hotel revenues are typically available and obtained monthly. Advertising Costs —Advertising costs are expensed as incurred. For the years ended December 31, 2018 , 2017 and 2016 , total advertising costs were $25.9 million , $23.0 million and $21.6 million , respectively, and are classified as hotel operating expenses in the accompanying consolidated statements of operations. 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. 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, certain other assets (deposits), accounts payable and accrued liabilities, term loans, senior notes, mandatorily redeemable preferred stock and revolving credit facilities. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, certain other assets, 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 term loans, senior notes 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 term loans, senior notes and mandatorily redeemable preferred stock or from quoted market prices, when available (see Note 7). Derivative Instruments —The Company from time to time uses derivative instruments to manage its exposure to interest rate and commodity price risks. The Company’s primary objective in holding derivatives is to reduce the volatility of cash flows and earnings associated with changes in interest rates and commodity prices. The Company’s derivatives expose it to credit risk to the extent that counterparties may be unable to meet the terms of the agreement. The Company seeks to mitigate such risks by limiting its counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties. Derivative instruments, including derivative instruments embedded in other contracts, are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value, unless the transactions qualify and are designated as normal purchases and sales. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met (see Note 8). The Company does not enter into derivative instruments for trading or speculative purposes. Insurance Reserves —The Company utilizes various insurance programs for workers’ compensation, general liability and health insurance claims. 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 and other cost trends. As of December 31, 2018 and 2017 , $52.8 million and $42.1 million , respectively, of liabilities for such insurance programs are included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. Investments —The Company consolidates a subsidiary when it has the ability to direct the activities that most significantly impact the economic performance of the subsidiary. Judgment is required with respect to the consolidation of investments, including partnership and joint venture entities, in terms of the evaluation of control, including assessment of the importance of rights and privileges of the partners based on voting rights, as well as financial interests that are not controllable through voting interests. Third party equity interests in consolidated subsidiaries are presented as noncontrolling interests. The Company evaluates subsidiaries and affiliates, as well as other entities, to determine if they are variable interest entities (“VIEs”). If a subsidiary, affiliate or other entity is a VIE, it is subject to the consolidation framework specifically for VIEs. The Company considers an entity a VIE if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In accordance with Financial Accounting Standards Board (“FASB”) ASC 810, Consolidations , the Company reviews subsidiaries and affiliates, as well as other entities, to determine if (i) they should be considered VIEs, and (ii) whether their consolidation determinations should change based on changes in their characteristics. Income Taxes —The Corporation’s taxable income includes the taxable income of its wholly-owned subsidiaries, ESA Management, ESH Strategies and the Operating Lessees, and distribution income related to its ownership of approximately 57% of ESH REIT. As a result, approximately 57% of ESH REIT’s distributions are subject to corporate income tax. The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. ESH REIT’s deferred tax rates are adjusted to reflect expected future distributions and the deduction allowed upon distribution. The Corporation’s deferred tax assets and liabilities include the estimated impact of the future reversal of ESH REIT’s deferred tax assets and liabilities which affect future dividend income to be recognized by the Corporation upon distribution. The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position, and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. 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 Internal Revenue Code, as amended (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 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. During the years ended December 31, 2018 , 2017 and 2016, ESH REIT distributed approximately 100% of its taxable income and, as a result, incurred minimal current federal income tax. In the future, ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. ESH REIT will incur federal and state income tax at statutory rates if its taxable income is not distributed. In December 2017, the U.S. Congress passed H.R. 1, known as the “Tax Cuts and Jobs Act” (“TCJA”) which was signed into law on December 22, 2017. See Note 9 for additional information, including the TCJA’s impact on the Company’s income tax provision. Foreign Currency —The Company sold its three Extended Stay Canada-branded hotels in 2017. Prior to completion of the sale, the financial statements of the Company’s Canadian subsidiaries and its investments therein were maintained in their functional currency, the Canadian dollar, and their revenues and expenses were translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries were translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Due to the fact that the Company’s Canadian subsidiaries liquidated substantially all of their assets, their functional currency changed to the U.S. dollar and $14.5 million of accumulated foreign currency translation loss was charged to the consolidated statement of operations during the year ended December 31, 2017 . As of December 31, 2016 , foreign currency translation losses, net of tax, of $7.3 million were reflected in accumulated other comprehensive income (loss) as a component of equity. Foreign currency transaction losses (gains) of $0.4 million , $(0.7) million and $(1.6) million are included in other non-operating income in the accompanying consolidated statements of operations for the years ended December 31, 2018 , 2017 and 2016 , respectively. Comprehensive Income —Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments and interest rate cash flow hedge adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income. Foreign currency translation adjustments and interest rate cash flow hedge adjustments are presented as separate components of consolidated equity. Equity-Based Compensation— The Corporation and ESH REIT each maintain a Long-Term Incentive Plan (“LTIP”), as amended and restated in 2015, approved by their shareholders. Under the LTIPs, the Corporation and ESH REIT may issue to eligible employees or directors restricted stock awards (“RSAs”), restricted stock units (“RSUs”) or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. 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 or director 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 is recognized over the requisite service period, which is the period during which an employee or director is required to provide services in exchange for the award (usually the vesting period). No compensation expense is recognized for awards for which employees or directors do not render the requisite services. All awards granted are classified as equity awards, except those equity-based awards issued by ESH REIT to its directors, which are classified as liability awards. Segments —The Company has two reportable operating segments based on the management of its business, owned hotels and franchise and management. The Company assesses the performance of these segments on an individual basis (see Note 16). Recently Issued Accounting Standards Fair Value Measurement— In August 2018, the FASB issued an accounting standards update which modifies the disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement . This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. The Company does not expect the adoption of this update to have a material effect on the Company’s consolidated financial statements. Intangibles-Goodwill and Other—Internal-Use Software— In August 2018, the FASB issued an accounting standards update which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. The Company expects to apply this update prospectively and does not expect adoption to have a material effect on the Company’s consolidated financial statements. Compensation—Stock Compensation— In June 2018, the FASB issued an accounting standards update which expands the scope of Topic 718, Stock Compensation to inclu |
ESH REIT | |
Entity Information [Line Items] | |
Summary of Significant Accounting Policies | 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 amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the estimated useful lives of tangible assets as well as in the assessment of tangible and intangible assets for impairment (see Note 5) and the grant-date fair value of certain equity-based awards. Actual results could differ from those estimates. Cash and Cash Equivalents —ESH REIT considers all cash on hand, demand deposits with financial institutions 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 net sale proceeds from hotel sales held by qualified intermediaries pursuant to pending tax-free exchanges under Section 1031 of the Internal Revenue Code (“1031 exchanges”). 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 acquired land, site improvements, building and improvements and furniture, fixtures and equipment are determined on an “if-vacant” basis considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, 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 dates of acquisition. 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 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Management assesses the performance of long-lived assets for potential impairment quarterly, as well as when events or changes in circumstances indicate the carrying amount of an asset, or group of assets, may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property or group of hotel properties (when they are grouped under ESH REIT’s leases), to the estimated future undiscounted cash flows expected to be generated by each hotel property or group of hotel properties. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value. To the extent that a hotel property or group of hotel properties is impaired, their excess carrying amount over their estimated fair value is recognized as an impairment charge and reduces income from operations. Fair value is determined based upon the discounted cash flows of a hotel property or group of hotel properties, bids, quoted market prices or independent appraisals, as considered necessary. 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 (see Note 5). Intangible Assets —Intangible assets include licenses related to certain internal-use software. Licenses are amortized using the straight-line method over their estimated useful life, which is the remaining non-cancellable term of the respective contract. Intangible assets are reviewed for impairment quarterly and whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. ESH REIT tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting unit below its carrying amount. No impairment charges related to intangible assets were recognized during the year ended December 31, 2018. Goodwill —Goodwill represents the excess purchase price over the fair value of net assets acquired. ESH REIT tests goodwill for impairment quarterly and 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, 2018 , 2017 or 2016 . Assets Held For Sale —ESH REIT classifies assets as held for sale when management commits to a formal plan to sell the assets, actively seeks a buyer for the assets and the consummation of a sale is considered probable and is expected within one year. ESH REIT takes into consideration when determining whether the consummation of a sale is probable the following criteria: (i) whether a purchase and sale agreement has been executed, (ii) whether the buyer has a significant non-refundable deposit at risk and (iii) whether significant financing contingencies exist. Upon designating an asset as held for sale, ESH REIT stops recognizing depreciation expense and records the asset at the lower of its carrying value, including allocable goodwill, or its estimated fair value less estimated costs to sell. Any such adjustment in the carrying value is recognized as an impairment charge. Discontinued Operations— ESH REIT classifies hotel properties sold or held for sale as discontinued operations when the disposal represents a strategic shift that has (or will have) a major effect on ESH REIT’s operations and financial results, which would require separate presentation on the consolidated balance sheets and statements of operations. No hotel properties were classified as discontinued operations during the years ended December 31, 2018 , 2017 or 2016 . 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. Deferred financing costs are presented in the accompanying consolidated balance sheets as a direct deduction of the carrying amount of the related debt liability, except those incurred under a revolving-debt arrangement which are presented as a component of other assets. Upon repayment, or in conjunction with a material change in the terms of the underlying debt agreement, remaining unamortized costs are written off as a component of net interest expense. Amortization of deferred financing costs is also included as a component of interest expense (see Note 6). Revenue Recognition —ESH REIT’s sole source of revenues is rental revenue derived from leases with subsidiaries of the Corporation (i.e., all revenues are generated from agreements with related parties (see Note 11). Rental revenues are recorded on a straight-line basis as they are earned during the lease terms. Rents receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represent monthly rental amounts contractually due. Deferred rents receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represent the cumulative difference between straight-line rental revenues recognized and rental revenues contractually due. Lease rental payments received prior to rendering services are included in unearned rental revenues from Extended Stay America, Inc. on the accompanying consolidated balance sheets. Contingent rental revenues, specifically percentage rental revenues related to hotel revenues of the Operating Lessees, are recognized when such amounts are fixed and determinable (i.e., only when percentage rental revenue thresholds have been achieved). 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. 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, certain other assets (deposits), accounts payable and accrued liabilities, intercompany and term loans, senior notes and its revolving credit facility. The carrying values of cash and cash equivalents, restricted cash, certain other assets (deposits), 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 intercompany and term loans and senior notes 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 intercompany and term loans and senior notes or from quoted market prices, when available (see Note 6). Derivative Instruments —ESH REIT from time to time uses derivative instruments to manage its exposure to interest rate risks. ESH REIT’s primary objective in holding derivatives is to reduce the volatility of cash flows and earnings associated with changes in interest rates. ESH REIT’s derivatives expose it to credit risk to the extent that counterparties may be unable to meet the terms of the agreement. ESH REIT seeks to mitigate such risks by limiting its counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties. Derivative instruments, including derivative instruments embedded in other contracts, are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value, unless the transactions qualify and are designated as normal purchases and sales. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met (see Note 7 ). ESH REIT does not enter into derivative instruments for trading or speculative purposes. Investments —ESH REIT consolidates a subsidiary when it has the ability to direct the activities that most significantly impact the economic performance of the subsidiary. Judgment is required with respect to the consolidation of investments, including partnership and joint venture entities, in terms of the evaluation of control, including assessment of the importance of rights and privileges of the partners based on voting rights, as well as financial interests that are not controllable through voting interests. Third party equity interests in consolidated subsidiaries are presented as noncontrolling interests. ESH REIT evaluates subsidiaries and affiliates, as well as other entities, to determine if they are variable interest entities (“VIEs”). If a subsidiary, affiliate or other entity is a VIE, it is subject to the consolidation framework specifically for VIEs. ESH REIT considers an entity a VIE if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In accordance with Financial Accounting Standards Board (“FASB”) ASC 810, “ Consolidations ,” ESH REIT reviews subsidiaries and affiliates, as well as other entities, to determine if (i) they should be considered VIEs, and (ii) whether their consolidation determinations should change based on changes in their characteristics. Income Taxes —ESH REIT accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, ESH REIT determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. ESH REIT’s deferred tax rates are adjusted to reflect expected future distributions and the deduction allowed upon distribution. ESH REIT recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, ESH REIT considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies and results of recent operations. If ESH REIT determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, ESH REIT would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. ESH REIT records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) ESH REIT determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position, and (2) for those tax positions that meet the more-likely-than-not recognition threshold, ESH REIT recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. 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 Internal Revenue Code, as amended (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 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. During the years ended December 31, 2018, 2017 and 2016, ESH REIT distributed approximately 100% of its taxable income and, as a result, incurred minimal current federal income tax. In the future, ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. ESH REIT will incur federal and state income tax at statutory rates if its taxable income is not distributed. Foreign Currency —ESH REIT sold its three Extended Stay Canada-branded hotels in 2017. Prior to the completion of the sale, the financial statements of ESH REIT’s Canadian subsidiaries and its investments therein were maintained in their functional currency, the Canadian dollar, and their revenues and expenses were translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries were translated into U.S. dollars using the exchange rate in effect at the balance sheet date. Due to the fact that ESH REIT’s Canadian subsidiaries liquidated substantially all of their assets, their functional currency changed to the U.S. dollar and $12.5 million of accumulated foreign currency translation loss was charged to the consolidated statement of operations during the year ended December 31, 2017. As of December 31, 2016, foreign currency translation losses, net of tax, of $12.8 million were reflected in accumulated other comprehensive loss as a component of equity. Foreign currency transaction losses (gains) of $0.3 million , $(0.5) million and $(1.2) million are included in other non-operating expense (income) in the accompanying consolidated statements of operations for the years ended December 31, 2018 , 2017 and 2016 , respectively. Comprehensive Income —Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments and interest rate cash flow hedge adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income. Foreign currency translation adjustments and interest rate cash flow hedge adjustments are presented as separate components of consolidated equity. Equity-Based Compensation— ESH REIT maintains a Long-Term Incentive Plan (“LTIP”), as amended and restated in 2015, approved by its shareholders. Under the LTIP, ESH REIT may issue to eligible employees or directors restricted stock awards (“RSAs”), restricted stock units (“RSUs”) or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. ESH REIT recognizes costs related to equity-based awards over their vesting periods. ESH REIT classifies equity-based awards granted in exchange for employee or director 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 is recognized over the requisite service period, which is the period during which an employee or director is required to provide services in exchange for the award (usually the vesting period). No compensation expense is recognized for awards for which employees or directors do not render the requisite services. All awards are classified as equity awards. Segments —ESH REIT’s hotel ownership business represents a single operating segment based on the way ESH REIT manages its business and operations. ESH REIT leases its hotel properties to similar classes of customers. The amounts of long-lived assets and revenues outside the U.S. are not significant for any period presented. Recently Issued Accounting Standards Fair Value Measurement— In August 2018, the FASB issued an accounting standards update which modifies the disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement . This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. ESH REIT does not expect the adoption of this update to have a material effect on its consolidated financial statements. Intangibles-Goodwill and Other—Internal-Use Software— In August 2018, the FASB issued an accounting standards update which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. ESH REIT expects to apply this update prospectively and does not expect adoption to have a material effect on its consolidated financial statements. Compensation—Stock Compensation— In June 2018, the FASB issued an accounting standards update which expands the scope of Topic 718, Stock Compensation to include share-based payments granted to non-employees in exchange for goods or services. The new guidance simplifies the accounting for share-based payments granted to non-employees for goods or services by aligning it with the accounting for share-based payments granted to employees, with certain exceptions. Under the new guidance, non-employee share-based payment awards included within the scope of Topic 718 will be measured at the grant-date fair value of the equity instruments. In addition, classification of non-employee share-based payment awards will be subject to the requirements of Topic 718 unless modified after the good has been delivered and/or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. This approach will eliminate the requirement to reassess classification of such awards upon vesting. ESH REIT adopted this update on January 1, 2019, using a retrospective method, and expects it to have no material effect on ESH REIT’s consolidated financial statements. In May 2017, the FASB issued an accounting standards update that provides guidance about which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. ESH REIT adopted this update on January 1, 2018, using a prospective transition method. The adoption of this update did not have a material effect on ESH REIT’s consolidated financial statements. Goodwill —In January 2017, the FASB issued an accounting standards update in which the guidance on testing for goodwill was updated to eliminate Step 2 in the determination on whether goodwill should be considered impaired. Annual and/or interim assessments are still required. This update will be effective for fiscal years and interim periods within fiscal years beginning after December 15, 2019, and may be adopted early. ESH REIT expects to apply this amendment prospectively and does not expect the adoption of this update to have a material effect on its consolidated financial statements. Statement of Cash Flows —In August and November 2016, the FASB issued accounting standards updates which provide additional clarity on the classification of specific events on the statement of cash flows. These events include debt prepayment and extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from settlement of insurance claims, distributions received from equity method investees and beneficial interests in securitization transactions. These updates also require amounts generally described as restricted cash to be included with cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts on the statement of cash flows. ESH REIT adopted these updates on January 1, 2018, using a retrospective transition method to each period presented. The adoption of these updates required cash outflows related to debt prepayment and extinguishment costs, which totaled $1.2 million during the year ended December 31, 2018 , to be classified as financing activities. For the years ended December 31, 2017 and 2016 , debt modification and extinguishment costs totaling $2.4 million and $4.0 million , respectively, have been reclassified from their original classification as operating activities to financing activities in the accompanying consolidated statements of cash flows. An additional effect of the adoption of these accounting standards was to include restricted cash in the beginning and end of period balances instead of in investing activities, as they were previously. For the years ended December 31, 2017 and 2016 , changes in restricted cash included within net cash (used in) provided by investing activities, as originally presented, was $(15.6) million and $60.6 million , respectively. Derivatives and Hedging —In August 2017, the FASB issued an accounting standards update which changes the designation and measurement guidance for qualifying hedging relationships and the presentation of hedging results. This update expands and refines hedge accounting and aligns recognition and presentation of its effects within the financial statements. ESH REIT adopted this update on January 1, 2018 and recorded a cumulative-effect adjustment to reclassify a previously recorded loss of $0.7 million from retained earnings to accumulated other comprehensive income. In addition to the cumulative-effect adjustment, impacts of adoption included the elimination of hedge ineffectiveness related to designated interest rate swaps, the presentation of all interest rate hedge related items that impact earnings in the interest expense line item in the consolidated statements of operations and an election to perform qualitative assessments of hedge effectiveness. Leases —ASC 842, Leases , introduced a lessee model that requires a right-of-use asset and lease obligation to be presented on the balance sheet for all leases, whether operating or financing. ESH REIT adopted ASC 842 on January 1, 2019, using the modified retrospective approach with the Comparatives Under 840 Option, whereby ESH REIT will apply the standard at the beginning of the period of adoption and will present financial information for periods prior to January 1, 2019, in accordance with prior guidance. Implementation had no cumulative effect on retained earnings. Adoption resulted in the recognition of right-of-use assets of $6.6 million , which included adjustments for accrued lease payments, above market lease liabilities and lease incentives, and lease liabilities of $12.7 million . Right-of-use assets and lease liabilities recognized upon adoption included existing assets and liabilities of $3.8 million and $3.4 million , respectively, related to capital leases accounted for under prior guidance. Upon adoption, ESH REIT elected practical expedients related to (i) the identification and classification of leases that commenced before the effective date, (ii) initial direct costs for leases that commenced before the effective date, (iii) the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset, (iv) land easements, and (v) the evaluation of components of a contract. The election of these practical expedients meant ESH REIT continued to account for all leases that commenced prior to January 1, 2019, in accordance with prior guidance, except that ESH REIT recognized a right-of use asset and a lease liability for all operating leases based on the present value of the remaining minimum rental payments. Judgement was exercised in the application of ASC 842 with respect to the determination of whether a contract contains a lease. While the ability to control and direct the use of an identified asset indicates that the contract, or portion of a contract, is a lease, a counterparty’s substantive substitution rights typically provide evidence that a lessee does not control the asset. Judgement was also exercised with respect to the determination of the discount rate used to determine the present value of lease payments. In instances in which interest rates implicit in leases are not readily determinable, ESH REIT uses its incremental borrowing rate. The substantial majority of widely available market maturities and asset-specific risk spreads may not match the underlying contract and, as such, borrowing rates and risk spreads are estimated based on the contract’s term, the counterparty’s security and other characteristics of the identified asset. |
Net Income Per Share
Net Income Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Net Income Per Share | 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 unrestricted common stock outstanding plus potentially dilutive securities. Dilutive securities include certain equity-based awards (see Note 13) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive. 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 Numerator: Net income available to Extended Stay America, Inc. $ 112,864 $ 78,847 $ 69,932 Income attributable to noncontrolling interests assuming (128 ) (392 ) (43 ) Net income available to Extended Stay America, Inc. $ 112,736 $ 78,455 $ 69,889 Denominator: Weighted-average number of Extended Stay America, Inc. $ 189,389 $ 193,101 $ 200,572 Dilutive securities 432 569 164 Weighted-average number of Extended Stay America, Inc. $ 189,821 $ 193,670 $ 200,736 Net income per Extended Stay America, Inc. $ 0.60 $ 0.41 $ 0.35 Net income per Extended Stay America, Inc. $ 0.59 $ 0.41 $ 0.35 |
ESH REIT | |
Entity Information [Line Items] | |
Net Income Per Share | 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 unrestricted Class A and Class B common stock outstanding, respectively. 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 unrestricted Class A and Class B common stock outstanding, respectively, plus potentially dilutive securities. Dilutive securities include certain equity-based awards (see Note 13) and are included in the calculation, provided that the inclusion of such securities is not anti-dilutive. 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 Numerator: Net income $ 230,129 $ 214,984 $ 212,207 Less preferred dividends (16 ) (16 ) (16 ) Net income available to ESH Hospitality, Inc. common shareholders $ 230,113 $ 214,968 $ 212,191 Class A: Net income available to ESH Hospitality, Inc. Class A common $ 131,039 $ 121,627 $ 118,787 Less amounts available to ESH Hospitality, Inc. Class B (128 ) (392 ) (43 ) Net income available to ESH Hospitality, Inc. Class A common shareholders - diluted $ 130,911 $ 121,235 $ 118,744 Class B: Net income available to ESH Hospitality, Inc. Class B common shareholders - basic $ 99,074 $ 93,341 $ 93,404 Amounts available to ESH Hospitality, Inc. Class B shareholders 128 — 43 Net income available to ESH Hospitality, Inc. Class B common shareholders - diluted $ 99,202 $ 93,341 $ 93,447 Denominator: Class A: Weighted-average number of ESH Hospitality, Inc. Class A common shares outstanding - basic and diluted 250,494 250,494 250,494 Class B: Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - basic $ 189,389 $ 193,101 $ 200,572 Dilutive securities 432 — 164 Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - diluted $ 189,821 $ 193,101 $ 200,736 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.49 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Anti-dilutive securities excluded from net income per common share - Class B - diluted — 569 — |
Hotel Acquisitions and Disposit
Hotel Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Hotel Acquisitions and Dispositions | HOTEL ACQUISITIONS AND DISPOSITIONS ACQUISITIONS On May 30, 2018, the Company acquired an operating hotel from Legacy Rock Hill, LLC for $13.0 million . Other than ordinary components of prorated net working capital, no liabilities were assumed in the purchase. The acquisition was accounted for as a business combination in accordance with ASC 805, Business Combinations, which requires that the consideration be allocated to acquired assets and assumed liabilities based on their acquisition date fair values. Legal, professional and other costs directly related to the acquisition were $0.2 million for the year ended December 31, 2018 , and are included in general and administrative expenses in the accompanying consolidated statements of operations. The purchase price allocation among the assets acquired is as follows (in thousands, except for estimated useful lives): Amount Estimated Land and site improvements $ 1,397 3-20 years Building and improvements 10,488 4-49 years Furniture, fixtures and equipment 1,115 2-10 years Total purchase price $ 13,000 For the year ended December 31, 2018 , the acquired hotel contributed $1.1 million in room and other hotel revenues and $0.1 million in income from operations. Prior to its acquisition by the Company, the hotel had opened in late 2017. DISPOSITIONS 2018 Dispositions — In November 2018, the Company sold 14 hotels for $36.9 million . The carrying value of these hotels, including net working capital and allocable goodwill, net of impairment charges recorded prior to sale, was $34.6 million . This transaction resulted in a gain on sale of $1.3 million , net of closing costs and adjustments. In September 2018, the Company sold a total of 32 hotels in two separate transactions for total gross proceeds of $122.6 million . The total carrying value of these hotels, including net working capital and allocable goodwill, net of impairment charges recorded prior to sale, was $116.9 million . These transactions resulted in a total gain on sale of $3.3 million , net of closing costs and adjustments. In February 2018, the Company sold 25 hotels for $112.1 million . The carrying value of these hotels, including net working capital and allocable goodwill, net of impairment charges recorded prior to sale, was $104.7 million . In March 2018, the Company sold one hotel for $44.8 million . The carrying value of the hotel, including allocable goodwill, was $13.1 million . These transactions resulted in a total gain on sale of $37.9 million , net of closing costs and adjustments. 2017 Dispositions —In May 2017, the Company sold its three Extended Stay Canada-branded hotels for 76.0 million Canadian dollars, or $55.3 million . The carrying value of the hotels, including net working capital and allocable goodwill, net of an impairment charge recorded prior to the sale, was 56.7 million Canadian dollars, or $41.2 million , prior to the evaluation of existing accumulated foreign currency translation loss. Due to the fact that the Company’s Canadian subsidiaries liquidated substantially all of their assets, $14.5 million of accumulated foreign currency translation loss was recognized at the time of sale. This charge more than fully offset the Canadian subsidiaries’ gain on sale, which resulted in a loss on sale of $1.9 million , net of closing costs and adjustments. In May and December 2017, the Company sold two hotels for total gross proceeds of $21.4 million . The total carrying value of these hotels, including net working capital and allocable goodwill, net of an impairment charge recorded prior to sale, was $9.2 million , resulting in a total gain on sale of $11.9 million , net of closing costs and adjustments. None of the above dispositions were reported as discontinued operations. The table below summarizes hotel dispositions for the years ended December 31, 2018 and 2017 (in thousands, except number of hotels and number of rooms). No hotels were sold during the year ended December 31, 2016. Year Brand Location Month Sold Number of Number of Rooms Net Proceeds Gain (Loss) on Sale Franchised/Managed (1) 2018 Extended Stay America Various November 14 1,369 $ 34,855 $ 1,331 (2) Yes 2018 Extended Stay America Various September 16 1,680 $ 60,710 $ 6,293 (2) Yes 2018 Extended Stay America Various September 16 1,776 $ 58,144 $ (3,014 ) (2) Yes 2018 Extended Stay America Various February 25 2,430 $ 111,156 $ 6,810 (2) Yes 2018 Extended Stay America Texas March 1 101 $ 44,090 $ 31,058 Yes (3) 2017 Extended Stay America Colorado December 1 160 $ 15,985 $ 11,870 Yes (3) 2017 Extended Stay Canada Canada May 3 500 $ 43,551 $ (1,894 ) (4) No 2017 Other Massachusetts May 1 103 $ 5,092 $ (2 ) (2) No ____________________ (1) As of December 31, 2018. (2) Net of impairment charge of $16.8 million , $24.3 million , $6.3 million , $2.1 million and $1.7 million , respectively, recognized prior to sale. (3) Remaining term of franchise or management agreement is less than one year. (4) Due to the fact that the Company’s Canadian subsidiaries liquidated substantially all of their assets, $14.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $12.4 million was recorded prior to sale. During the years ended December 31, 2018 , 2017 and 2016 , disposed hotel properties contributed total room and other hotel revenues, total operating expenses and (loss) income before income tax expense as follows (in thousands): Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Total room and other hotel revenues $ 53,494 $ 102,593 $ 111,015 Total operating expenses 83,336 104,511 96,222 (Loss) income before income tax expense (1) (29,842 ) (1,605 ) 15,127 _____________________ (1) Includes impairment charges of $37.4 million , $19.2 million and $7.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. |
ESH REIT | |
Entity Information [Line Items] | |
Hotel Acquisitions and Dispositions | HOTEL ACQUISITIONS AND DISPOSITIONS ACQUISITIONS On May 30, 2018, ESH REIT acquired an operating hotel from Legacy Rock Hill, LLC for $13.0 million . Other than ordinary components of prorated net working capital, no liabilities were assumed in the purchase. The acquisition was accounted for as a business combination in accordance with ASC 805, Business Combinations, which requires that the consideration be allocated to acquired assets and assumed liabilities based on their acquisition date fair values. Legal, professional and other costs directly related to the acquisition were $0.2 million for the year ended December 31, 2018 and are included in general and administrative expenses in the accompanying consolidated statements of operations. The purchase price allocation among the assets acquired is as follows (in thousands, except for estimated useful lives): Amount Estimated Land and site improvements $ 1,397 3-20 years Building and improvements 10,488 4-49 years Furniture, fixtures and equipment 1,115 2-10 years Total purchase price $ 13,000 The acquired hotel contributed total rental revenues of $0.7 million and income from operations of $0.2 million for the year ended December 31, 2018 . Prior to its acquisition by ESH REIT, the hotel had opened in late 2017. DISPOSITIONS 2018 Dispositions — In November 2018, ESH REIT sold 14 hotels for $36.9 million . The carrying value of these hotels, including net working capital and allocable goodwill, was $50.9 million . This transaction resulted in a loss on sale of $14.9 million , net of closing costs and adjustments. In September 2018, ESH REIT sold a total of 32 hotels in two separate transactions for total gross proceeds of $122.6 million . The total carrying value of these hotels, including net working capital and allocable goodwill, was $146.1 million . These transactions resulted in a total loss on sale of $26.0 million , net of closing costs and adjustments. In February 2018, ESH REIT sold 25 hotels for $112.1 million . The carrying value of these hotels, including net working capital and allocable goodwill, was $107.2 million . In March 2018, ESH REIT sold one hotel for $44.8 million . The carrying value of the hotel, including allocable goodwill, was $13.2 million . These transactions resulted in a total gain on sale of $35.3 million , net of closing costs and adjustments. 2017 Dispositions —In May 2017, ESH REIT sold its three Extended Stay Canada-branded hotels for 67.4 million Canadian dollars, or $49.0 million . ESH REIT’s carrying value of the hotels, including net working capital and allocable goodwill, net of an impairment charge recorded prior to the sale, was 51.2 million Canadian dollars, or $37.3 million , prior to the evaluation of existing accumulated foreign currency translation loss. Due to the fact that ESH REIT’s Canadian subsidiary liquidated substantially all of its assets, $12.5 million of accumulated foreign currency translation loss was recognized at the time of sale. This charge more than fully offset the Canadian subsidiary’s gain on sale, which resulted in a total loss on sale of the Canadian hotels of $1.5 million , net of closing costs and adjustments. In May and December 2017, ESH REIT sold two hotels for total gross proceeds of $21.4 million . The total carrying value of these hotels, including net working capital and allocable goodwill, was $11.0 million , resulting in a total gain on sale of $10.1 million , net of closing costs and adjustments. None of the above dispositions were reported as discontinued operations. The table below summarizes hotel dispositions for the years ended December 31, 2018 and 2017 (in thousands, except number of hotels and number of rooms). No hotels were sold during the year ended December 31, 2016. Year Location Month Sold Number of Hotels Number of Rooms Net Proceeds Gain (Loss) on Sale 2018 Various November 14 1,369 $ 34,855 $ (14,930 ) 2018 Various September 16 1,680 $ 60,710 $ (17,025 ) 2018 Various September 16 1,776 $ 58,144 $ (8,934 ) 2018 Various February 25 2,430 $ 111,156 $ 4,269 2018 Texas March 1 101 $ 44,090 $ 30,992 2017 Colorado December 1 160 $ 15,985 $ 11,836 2017 Canada May 3 500 $ 43,551 $ (1,507 ) (1) 2017 Massachusetts May 1 103 $ 5,092 $ (1,767 ) _________________________________ (1) Due to the fact that ESH REIT’s Canadian subsidiary liquidated substantially all of its assets, $12.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $15.0 million was recognized prior to sale. During the years ended December 31, 2018 , 2017 and 2016 , disposed hotel properties contributed rental revenues, total operating expenses and income (loss) before income tax expense as follows (in thousands): Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Rental revenues from Extended Stay America, Inc. $ 22,346 $ 54,097 $ 59,865 Total operating expenses 15,917 48,858 32,138 Income (loss) before income tax expense 6,429 5,552 (1) 28,062 _________________________________ (1) Includes impairment charge of $15.0 million . |
Property and Equipment
Property and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Property and Equipment | PROPERTY AND EQUIPMENT Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, 2017 Hotel properties: Land and site improvements (1) $ 1,215,710 $ 1,286,784 Building and improvements 2,729,661 2,934,048 Furniture, fixtures and equipment 674,545 649,487 Total hotel properties 4,619,916 4,870,319 Development in process (2) 27,174 2,453 Corporate furniture, fixtures, equipment, software and other 22,972 21,486 Undeveloped land parcel 1,675 1,675 Total cost 4,671,737 4,895,933 Less accumulated depreciation: Hotel properties (1,201,260 ) (1,128,465 ) Corporate furniture, fixtures, equipment, software and other (16,845 ) (14,334 ) Total accumulated depreciation (1,218,105 ) (1,142,799 ) Property and equipment—net $ 3,453,632 $ 3,753,134 _________________________________ (1) Includes capital lease asset of $3.2 million and $0 as of December 31, 2018 and 2017 , respectively. (2) Includes capital lease asset of $0.6 million and $0 as of December 31, 2018 and 2017 , respectively. As of December 31, 2018 , development in process consists of 11 land parcels that are in various phases of construction and/or development. In September 2018, the Company acquired a hotel under construction from Legacy Greenville, LLC for $12.3 million . Because the hotel had not yet opened at the date of acquisition, the transaction was accounted for as an acquisition of assets rather than a business combination under ASC 805, Business Combinations . The hotel opened and was placed in service during the fourth quarter of 2018. During the year ended December 31, 2018 , the Company recognized impairment charges totaling $43.6 million for 21 hotels, generally located in the Midwestern U.S., the majority of which were incurred with evaluating the potential sale of certain non-core assets. During the year ended December 31, 2017, the Company recognized impairment charges for nine hotels that totaled $25.2 million , $12.4 million of which related to Extended Stay Canada-branded hotels. During the year ended December 31, 2016, the Company recognized impairment charges for three hotels that totaled $9.8 million . The Company used Level 3 unobservable inputs and, in certain instances Level 2 observable inputs, to determine the impairment on its property and equipment. Quantitative information with respect to observable inputs consists of non-binding bids or, in certain instances, binding agreements to sell a hotel or portfolio of hotels to one or more third parties. 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 that range from 6% to 10% and terminal capitalization rates that range from 7% to 11% . These assumptions are based on the Company’s historical data and experience, the Company’s budgets, industry projections and overall micro and macro economic projections. The estimation and evaluation of future cash flows, in particular the holding period for real estate assets and asset composition and/or concentration within real estate portfolios, relies on judgments and assumptions regarding holding period, current and future operating and economic performance, and current and future market conditions. It is possible that such judgments and/or estimates will change; if this occurs, the Company may recognize additional impairment charges or losses on sale in future periods reflecting either changes in estimate, circumstance or the estimated market value of assets. |
ESH REIT | |
Entity Information [Line Items] | |
Property and Equipment | PROPERTY AND EQUIPMENT Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, Hotel properties: Land and site improvements (1) $ 1,218,077 $ 1,289,152 Building and improvements 2,756,674 2,970,404 Furniture, fixtures and equipment 679,944 655,120 Total hotel properties 4,654,695 4,914,676 Development in process (2) 27,174 2,453 Undeveloped land parcel 1,675 1,675 Total cost 4,683,544 4,918,804 Less accumulated depreciation (1,215,899 ) (1,143,164 ) Property and equipment - net $ 3,467,645 $ 3,775,640 _________________________________ (1) Includes capital lease asset of $3.2 million and $0 as of December 31, 2018 and 2017 , respectively. (2) Includes capital lease asset of $0.6 million and $0 as of December 31, 2018 and 2017 , respectively. As of December 31, 2018 , development in process consists of 11 land parcels that are in various phases of construction and/or development. In September 2018, ESH REIT acquired a hotel under construction from Legacy Greenville, LLC for $12.3 million . Because the hotel had not yet opened at the date of acquisition, the transaction was accounted for as an acquisition of assets rather than a business combination under ASC 805, Business Combinations . The hotel was placed in service and leased in the fourth quarter of 2018. No impairment charges were recognized during the year ended December 31, 2018 . During the year ended December 31, 2017 , ESH REIT recognized $15.0 million of impairment charges related to its Canadian hotels. No impairment charges were recognized during the year ended December 31, 2016 . ESH REIT used Level 3 unobservable inputs and, in certain instances Level 2 observable inputs, to determine the impairment on its property and equipment. Quantitative information with respect to observable inputs consists of non-binding bids or, in certain instances, binding agreements to sell a hotel or portfolio of hotels to one or more third parties. 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 are based on ESH REIT’s historical data and experience, budgets, industry projections and overall micro and macro economic projections. The estimation and evaluation of future cash flows, in particular the holding period for real estate assets and asset composition and/or concentration within real estate portfolios, relies on judgments and assumptions regarding holding period, current and future operating and economic performance, and current and future market conditions. It is possible that such judgments and/or estimates will change; if this occurs, ESH REIT may recognize impairment charges or losses on sale in future periods reflecting either changes in estimate, circumstance or the estimated market value of assets. |
Intangible Assets and Goodwill
Intangible Assets and Goodwill | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets and Goodwill | INTANGIBLE ASSETS AND GOODWILL The Company’s intangible assets and goodwill as of December 31, 2018 and 2017 , consist of the following (dollars in thousands): December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived intangible assets—customer relationships $ 26,800 $ (11,029 ) $ 15,771 Definite-lived intangible assets—software license 1,926 (36 ) 1,890 Definite-lived intangible assets—software license in process 870 — 870 Indefinite-lived intangible assets—trademarks 10,183 — 10,183 Total intangible assets 39,779 (11,065 ) 28,714 Goodwill 45,192 — 45,192 Total intangible assets and goodwill $ 84,971 $ (11,065 ) $ 73,906 December 31, 2017 Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived intangible assets—customer relationships $ 26,800 $ (9,690 ) $ 17,110 Indefinite-lived tangible assets—trademarks 9,933 — 9,933 Total intangible assets 36,733 (9,690 ) 27,043 Goodwill 48,866 — 48,866 Total intangible assets and goodwill $ 85,599 $ (9,690 ) $ 75,909 The remaining weighted-average amortization period for definite-lived intangible assets is approximately 11 years as of December 31, 2018 . Estimated future amortization expense for definite-lived intangible assets is as follows (in thousands): Years Ending December 31, 2019 $ 1,558 2020 1,554 2021 1,554 2022 1,554 2023 1,554 Thereafter 9,887 Total $ 17,661 |
Debt
Debt | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Debt | DEBT During the years ended December 31, 2018 and 2017 , the following debt transactions occurred (in thousands): December 31, 2018 December 31, 2017 Debt, net of deferred financing costs and debt discount(s) - beginning of year (1) $ 2,534,768 $ 2,585,274 Additions: Proceeds from revolving credit facilities — 105,000 Amortization and write-off of deferred financing costs and debt discount (2) 7,954 7,437 Deductions: Payments on term loan facilities (147,215 ) (12,943 ) Payments on revolving credit facilities — (150,000 ) Debt, net of deferred financing costs and debt discount(s) - end of year (1) $ 2,395,507 $ 2,534,768 ______________________ (1) Excludes mandatorily redeemable preferred stock and capital lease obligations. (2) Excludes amortization and payments of deferred financing costs related to revolving credit facilities. Summary —The Company’s outstanding debt, net of unamortized debt discount and unamortized deferred financing costs, as of December 31, 2018 and 2017 , consists of the following (dollars in thousands): Carrying Amount Unamortized Deferred Financing Costs Interest Rate Loan Stated Amount (1) December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Stated Interest Rate December 31, 2018 December 31, 2017 Maturity Date Term loan facilities ESH REIT 2016 Term Facility 1,300,000 (2) 1,132,259 (3) 1,278,545 (3) 10,546 13,433 LIBOR (4) 4.15% (4) 3.69% 8/30/2023 (1), (5) Senior notes ESH REIT 2025 Notes 1,300,000 1,291,671 (6) 1,290,356 (6) 17,877 20,700 5.25% 5.25% 5.25% 5/1/2025 Revolving credit facilities ESH REIT 2016 Revolving Credit Facility 350,000 (2) — — 1,469 (7) 2,020 (7) LIBOR + 2.75% N/A N/A 8/30/2021 Corporation Revolving 2016 Credit Facility 50,000 — — 292 (7) 401 (7) LIBOR + 3.00% N/A N/A 8/30/2021 Unsecured Intercompany Facility Unsecured Intercompany Facility 75,000 (8) — — — — 5.00% 5.00% 5.00% 8/30/2023 Total $ 2,423,930 $ 2,568,901 $ 30,184 $ 36,554 ______________________ (1) Amortization is interest only, except for the 2016 Term Facility (as defined below), which amortizes in equal quarterly installments of $3.1 million . See (5) below. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively. (2) ESH REIT is able to increase its borrowings under the 2016 ESH REIT Credit Facilities (as defined below) by an amount of up to $600.0 million , plus additional amounts, in each case subject to certain conditions. (3) The 2016 Term Facility is presented net of an unamortized debt discount of $ 4.3 million and $5.3 million as of December 31, 2018 and 2017 , respectively. (4) $300.0 million of the 2016 Term Facility is subject to an interest rate swap at a fixed rate of 1.175% as of December 31, 2018 (see Note 8). (5) In addition to scheduled amortization noted in (1) above, subject to certain exceptions, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required under the 2016 Term Facility. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018. (6) The 2025 Notes (as defined below) are presented net of an unamortized debt discount of $8.3 million and $9.6 million as of December 31, 2018 and 2017 , respectively. (7) Unamortized deferred financing costs related to the revolving credit facilities are included in other assets in the accompanying consolidated balance sheets. (8) As of December 31, 2018 , no amounts were outstanding under the Unsecured Intercompany Facility. ESH REIT is able to borrow under the Unsecured Intercompany Facility an amount up to $300.0 million , plus additional amounts, in each case subject to certain conditions. Outstanding debt balances and interest expense, as applicable, owed from ESH REIT to the Corporation eliminate in consolidation. ESH REIT Credit Facilities On August 30, 2016, ESH REIT entered into a credit agreement, as may be amended and supplemented from time to time, providing for senior secured credit facilities (collectively, the “2016 ESH REIT Credit Facilities”) consisting of a $1,300.0 million senior secured term loan facility (as amended and supplemented from time to time, the “2016 Term Facility”) and a $350.0 million senior secured revolving credit facility (as amended and supplemented from time to time, the “2016 ESH REIT Revolving Credit Facility”). Subject to the satisfaction of certain criteria, borrowings under the 2016 ESH REIT Credit Facilities may be increased by an amount of up to $600.0 million , plus additional amounts, so long as, after giving effect to the incurrence of such incremental facility and the application of proceeds thereof, its pro-forma senior loan-to-value ratio is less than or equal to 45% . Obligations under the 2016 ESH REIT Credit Facilities are guaranteed by certain existing and future material domestic subsidiaries of ESH REIT, other than those owning real property, subject to customary exceptions. Obligations under the 2016 ESH REIT Credit Facilities are secured, subject to certain exceptions, including an exception for real property, by a first-priority security interest in substantially all of the assets of ESH REIT and the guarantors. The 2016 ESH REIT Credit Facilities contain a number of restrictive covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, modify existing debt, create certain liens, pay dividends and distributions, make certain investments and other restricted payments, enter into affiliate transactions, amend or modify certain material operating leases and management agreements, sell assets or merge, consolidate or transfer all or substantially all of their assets. The 2016 ESH REIT Credit Facilities contain certain customary representations and warranties, affirmative covenants and events of default, including, but not limited to, cross-defaults to certain other indebtedness and certain material operating leases and management agreements. If an event of default occurs, the administrative agent is entitled to take various actions, including the acceleration of amounts due under the 2016 ESH REIT Credit Facilities and additional actions that a secured creditor is permitted to take following a default. As of December 31, 2018 , ESH REIT was in compliance with all covenants under the 2016 ESH REIT Credit Facilities. 2016 Term Facility — In May 2018, ESH REIT entered into a third amendment to the 2016 Term Facility (such amendment, the “Third Repricing Amendment”). The 2016 Term Facility bears interest at a rate equal to (i) LIBOR plus 1.75% for any period during which ESH REIT maintains a public corporate family rating better than or equal to BB- (with a stable or better outlook) from S&P and Ba3 (with a stable or better outlook) from Moody’s (a “Level 1 Period”) or LIBOR plus 2.00% for any period other than a Level 1 Period; or (ii) a base rate (determined by reference to the highest of (A) the prime lending rate, (B) the overnight federal funds rate plus 0.50% or (C) the one-month adjusted LIBOR rate plus 1.00% ) plus 0.75% during a Level 1 Period or 1.00% for any period other than a Level 1 Period. The 2016 Term Facility amortizes in equal quarterly installments in annual amounts equal to 0.25% of the aggregate principal amount outstanding as of the Third Repricing Amendment effective date, or $12.2 million per year. The remaining balance is payable at maturity. In addition to scheduled amortization, subject to certain exceptions, mandatory prepayments of up to 50.0% of annual Excess Cash Flow, as defined, may be required based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined. Annual mandatory prepayments are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . The 2016 Term Facility matures on August 30, 2023. ESH REIT has the option to voluntarily prepay outstanding loans under the 2016 Term Facility at any time upon three business days’ prior written notice for LIBOR loans or on one business day’s prior written notice for base rate loans. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively, and wrote off $0.6 million of deferred financing costs related to these prepayments. 2016 ESH REIT Revolving Credit Facility — The 2016 ESH REIT Revolving Credit Facility provides for the issuance of up to $50.0 million of letters of credit. Borrowings under the facility bear interest at a rate equal to (i) LIBOR plus a spread that ranges from 2.25% to 2.75% based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined, or (ii) base rate (determined by reference to the highest of (A) the prime lending rate, (B) the overnight federal funds rate plus 0.50% , or (C) the one-month adjusted LIBOR rate plus 1.00% ) plus a spread that ranges from 1.25% to 1.75% based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined. There is no scheduled amortization under the 2016 ESH REIT Revolving Credit Facility and the facility matures on August 30, 2021. In addition to paying interest on outstanding principal, ESH REIT incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on the amount outstanding under the facility. ESH REIT is also required to pay customary letter of credit fees and agency fees. As of December 31, 2018 , ESH REIT had no letters of credit outstanding under the facility and available borrowing capacity of $350.0 million . The 2016 ESH REIT Revolving Credit Facility is subject to a springing financial covenant whereby the senior loan-to-value ratio may not exceed 45% when the aggregate principal amount of borrowings and letters of credit under the 2016 ESH REIT Revolving Credit Facility, excluding up to $30.0 million of letters of credit, is equal to or greater than 25% of the aggregate available principal amount of the 2016 ESH REIT Revolving Credit Facility on the applicable fiscal quarter end date. ESH REIT Senior Notes Due 2025 In May 2015 and March 2016, ESH REIT issued $500.0 million and $800.0 million , respectively, of its 5.25% senior notes due in 2025 (the “2025 Notes”) under an indenture (the “Indenture”) with Deutsche Bank Trust Company Americas, as trustee, in private placements pursuant to Rule 144A of the Securities Act. The 2025 Notes mature on May 1, 2025 and bear interest at a fixed rate of 5.25% per annum, payable semi-annually in arrears on May 1 and November 1 of each year. The 2025 Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by each of ESH REIT’s subsidiaries that guarantee ESH REIT’s obligations under the 2016 ESH REIT Credit Facilities. The 2025 Notes rank equally in right of payment with ESH REIT’s existing and future senior unsecured indebtedness, and senior in right of payment to all future subordinated indebtedness, if any. The 2025 Notes are effectively junior to any of ESH REIT’s secured indebtedness to the extent of the value of the assets securing such indebtedness. ESH REIT may redeem the 2025 Notes at any time on or after May 1, 2020, in whole or in part, at a redemption price equal to 102.625% of the principal amount, declining annually to 100% of the principal amount from May 1, 2023 and thereafter, plus accrued and unpaid interest. Prior to May 1, 2020, ESH REIT may redeem the 2025 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a “make-whole” premium, as defined in the Indenture, plus accrued and unpaid interest. Upon a Change of Control, as defined, holders of the 2025 Notes have the right to require ESH REIT to redeem the 2025 Notes at 101% of the principal amount, plus accrued and unpaid interest. The Indenture contains a number of customary covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, create certain liens, pay dividends or distributions, make certain investments and other restricted payments, enter into affiliate transactions, sell assets or merge, consolidate or transfer all or substantially all of their assets. The Indenture also contains certain customary events of default, including, but not limited to, cross-defaults to certain other indebtedness. If an event of default occurs, the holders of the Notes and the Trustee are entitled to take various actions, including declaring the 2025 Notes immediately due and payable. As of December 31, 2018 , ESH REIT was in compliance with all covenants set forth in the Indenture. Corporation Revolving Credit Facility On August 30, 2016, the Corporation entered into a revolving credit facility (the “2016 Corporation Revolving Credit Facility”) of $50.0 million . The facility provides for the issuance of up to $50.0 million of letters of credit as well as borrowing on same day notice, referred to as swingline loans, in an amount up to $20.0 million . Borrowings under the facility bear interest at a rate equal to (i) LIBOR plus 3.00% or (ii) base rate (determined by reference to the highest of (A) the prime lending rate, (B) the overnight federal funds rate plus 0.50% or (C) the one-month adjusted LIBOR plus 1.00% ) plus 2.00% . There is no scheduled amortization under the 2016 Corporation Revolving Credit Facility and the facility matures on August 30, 2021. In addition to paying interest on outstanding principal, the Corporation incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on the amount outstanding under the facility. The Corporation is also required to pay customary letter of credit fees and agency fees. As of December 31, 2018 , the Corporation had one letter of credit outstanding under this facility of $0.2 million and available borrowing capacity of $49.8 million . Obligations under the 2016 Corporation Revolving Credit Facility are guaranteed by certain existing and future material domestic subsidiaries of the Corporation, excluding ESH REIT and its subsidiaries and subject to customary exceptions. The facility is secured, subject to certain exceptions, by a first-priority security interest in substantially all of the assets of the Corporation and the guarantors. If obligations are outstanding under the facility during any fiscal quarter, the 2016 Corporation Revolving Credit Facility requires that the Consolidated Leverage Ratio, as defined, calculated as of the end of such fiscal quarter for any consecutive four quarter period, be less than or equal to 8.75 to 1.00 . The facility is also subject to a springing financial covenant whereby the senior loan-to-value ratio may not exceed 45% when the aggregate principal amount of borrowings and letters of credit under the 2016 Corporation Revolving Credit Facility, excluding up to $30.0 million of letters of credit, is equal to or greater than 25% of the aggregate available principal amount of the 2016 Corporation Revolving Credit Facility on the applicable fiscal quarter end date. The 2016 Corporation Revolving Credit Facility contains a number of restrictive covenants that, among other things and subject to certain exceptions, limit the Corporation’s ability and the ability of its subsidiaries to incur additional debt, modify existing debt, create certain liens, pay dividends or distributions, make certain restricted payments, enter into affiliate transactions, amend or modify certain material operating leases and management agreements, merge, consolidate or transfer all or substantially all of its assets. The 2016 Corporation Revolving Credit Facility also contains certain customary affirmative covenants and events of default, including, but not limited to, cross-defaults to certain other indebtedness and certain material operating leases. If an event of default occurs, the administrative agent is entitled to take various actions, including the acceleration of amounts due under the facility and additional actions that a secured creditor is permitted to take following a default. As of December 31, 2018 , the Corporation was in compliance with all covenants under the 2016 Corporation Revolving Credit Facility. Unsecured Intercompany Facility On August 30, 2016, ESH REIT, as borrower, and the Corporation, as lender, entered into an unsecured intercompany credit facility (the “Unsecured Intercompany Facility”), under which ESH REIT borrowed $75.0 million from the Corporation upon the facility’s closing. As of December 31, 2018 and 2017 , the amount outstanding under the facility was $0 . Subject to certain conditions, the principal amount of the Unsecured Intercompany Facility may be increased up to an amount that shall not exceed the greater of (i) $300.0 million and (ii) an unlimited amount so long as the incremental loan-to-value ratio, determined on a pro-forma basis as of the last day of the most recently ended test period, as if any incremental loans available under such incremental commitments had been outstanding on the last day of such period, and, in each case, without netting the cash proceeds of any such incremental loans, does not exceed 5.0% . Loans under the facility bear interest at 5.0% per annum. There is no scheduled amortization and the facility matures on August 30, 2023. ESH REIT has the option to voluntarily prepay outstanding loans at any time upon one business day’s prior written notice. The Unsecured Intercompany Facility contains a number of restrictive covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, modify existing debt, create certain liens, pay dividends or distributions, make certain investments and other restricted payments, enter into affiliate transactions, amend or modify certain material operating leases and management agreements, sell assets or merge, consolidate or transfer all or substantially all of their assets. The facility contains certain customary representations and warranties, affirmative covenants and events of default, including, but not limited to, cross-defaults to certain other indebtedness and certain material operating leases and management agreements. If an event of default occurs, the Corporation is entitled to take various actions, including the acceleration of amounts due under the facility and all other actions that a creditor is permitted to take following a default. As of December 31, 2018 , ESH REIT was in compliance with all covenants under the Unsecured Intercompany Facility. Future Maturities of Debt —The future maturities of debt as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, 2019 $ 11,366 (1) 2020 11,366 (1) 2021 11,366 (1) 2022 11,366 (1) 2023 1,091,128 (1) Thereafter 1,300,000 (1) Total $ 2,436,592 ______________________ (1) Under the 2016 Term Facility, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments were required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . Mandatorily Redeemable Preferred Stock —The Corporation has authorized 350.0 million shares of preferred stock, $0.01 par value, of which 7,130 and 7,133 shares of mandatorily redeemable voting preferred stock were issued and outstanding as of December 31, 2018 and 2017 , respectively. Dividends on these mandatorily redeemable voting 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. 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 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 unpaid dividends. Due to the fact that the 8.0% mandatorily redeemable voting preferred stock is mandatorily redeemable by the Corporation, it is classified as a liability on the accompanying consolidated balance sheets. Dividends on these preferred shares are classified as net interest expense on the accompanying consolidated statements of operations. Fair Value of Debt —As of December 31, 2018 and 2017 , the estimated fair value of the Company’s debt was $2.3 billion and $2.6 billion , respectively, and the estimated fair value of the Corporation’s 8.0% mandatorily redeemable preferred stock was $7.0 million and $7.1 million , respectively. Estimated fair values are determined by comparing current borrowing rates and risk spreads offered in the market (Level 2 fair value measures) or quoted market prices (Level 1 fair value measures), when available, to the stated interest rates and spreads on the Company’s debt and the Corporation’s 8.0% mandatorily redeemable preferred stock. Interest Expense, net —The components of net interest expense during the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Contractual interest (1) $ 116,348 $ 118,510 $ 127,633 Amortization of deferred financing costs and debt discount 8,005 8,097 9,882 Debt extinguishment and other costs (2) 3,030 3,335 27,435 Interest income (2,513 ) (170 ) (413 ) Total $ 124,870 $ 129,772 $ 164,537 ______________________ (1) Includes dividends on the shares of mandatorily redeemable preferred stock. (2) Includes interest expense associated with capital leases. |
ESH REIT | |
Entity Information [Line Items] | |
Debt | DEBT During the years ended December 31, 2018 and 2017 , the following debt transactions occurred (in thousands): December 31, 2018 December 31, 2017 Debt, net of deferred financing costs and debt discount(s) - beginning of year $ 2,534,768 $ 2,635,274 Additions: Proceeds from revolving credit facility — 105,000 Amortization and write-off of deferred financing costs and debt discount (1) 7,954 7,437 Deductions: Payments on term loan facilities (147,215 ) (12,943 ) Payments on loan payable to Extended Stay America, Inc. — (50,000 ) Payments on revolving credit facility — (150,000 ) Debt, net of deferred financing costs and debt discount(s) - end of year $ 2,395,507 $ 2,534,768 ______________________ (1) Excludes amortization and payments of deferred financing costs related to the revolving credit facility. Summary —ESH REIT’s outstanding debt, net of unamortized debt discount and unamortized deferred financing costs, as of December 31, 2018 and 2017 , consists of the following (dollars in thousands): Carrying Amount Unamortized Deferred Financing Costs Interest Rate Loan Stated Amount (1) December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Stated Interest Rate December 31, 2018 December 31, 2017 Maturity Date Term loan facilities 2016 Term Facility 1,300,000 (2) 1,132,259 (3) 1,278,545 (3) 10,546 13,433 LIBOR (4) + 2.00% 4.15% (4) 3.69% 8/30/2023 (1), (5) Senior notes 2025 Notes 1,300,000 1,291,671 (6) 1,290,356 (6) 17,877 20,700 5.25% 5.25% 5.25% 5/1/2025 Revolving credit facilities 2016 Revolving Credit Facility 350,000 (2) — — 1,469 (7) 2,020 (7) LIBOR + 2.75% N/A N/A 8/30/2021 Unsecured Intercompany Facility Unsecured Intercompany Facility 75,000 (9) — — — — 5.00% 5.00% 5.00% 8/30/2023 Total $ 2,423,930 $ 2,568,901 $ 29,892 $ 36,153 ______________________ (1) Amortization is interest only, except for the 2016 Term Facility (as defined below), which amortizes in equal quarterly installments of $3.1 million . See (5) below. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively. (2) ESH REIT is able to increase its borrowings under the 2016 ESH REIT Credit Facilities (as defined below) by an amount of up to $600.0 million , plus additional amounts, in each case subject to certain conditions. (3) The 2016 Term Facility is presented net of an unamortized debt discount of $ 4.3 million and $5.3 million as of December 31, 2018 and 2017 , respectively. (4) $300.0 million of the 2016 Term Facility is subject to an interest rate swap at a fixed rate of 1.175% as of December 31, 2018 (see Note 7). (5) In addition to scheduled amortization noted in (1) above, subject to certain exceptions, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required under the 2016 Term Facility. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . (6) The 2025 Notes (as defined below) are presented net of an unamortized debt discount of $8.3 million and $9.6 million as of December 31, 2018 and 2017 , respectively. (7) Unamortized deferred financing costs related to the revolving credit facility are included in other assets in the accompanying consolidated balance sheets. (8) As of December 31, 2018 , no amounts were outstanding under the Unsecured Intercompany Facility. ESH REIT is able to borrow under the Unsecured Intercompany Facility an amount up to $300.0 million , plus additional amounts, in each case subject to certain conditions (see Note 11). ESH REIT Credit Facilities On August 30, 2016, ESH REIT entered into a credit agreement, as may be amended and supplemented from time to time, providing for senior secured credit facilities (collectively, the “2016 ESH REIT Credit Facilities”) consisting of a $1,300.0 million senior secured term loan facility (as amended and supplemented from time to time, the “2016 Term Facility”) and a $350.0 million senior secured revolving credit facility (as amended and supplemented from time to time, the “2016 ESH REIT Revolving Credit Facility”). Subject to the satisfaction of certain criteria, borrowings under the 2016 ESH REIT Credit Facilities may be increased by an amount of up to $600.0 million , plus additional amounts, so long as, after giving effect to the incurrence of such incremental facility and the application of proceeds thereof, its pro-forma senior loan-to-value ratio is less than or equal to 45% . Obligations under the 2016 ESH REIT Credit Facilities are guaranteed by certain existing and future material domestic subsidiaries of ESH REIT, other than those owning real property, subject to customary exceptions. Obligations under the 2016 ESH REIT Credit Facilities are secured, subject to certain exceptions, including an exception for real property, by a first-priority security interest in substantially all of the assets of ESH REIT and the guarantors. The 2016 ESH REIT Credit Facilities contain a number of restrictive covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, modify existing debt, create certain liens, pay dividends and distributions, make certain investments and other restricted payments, enter into affiliate transactions, amend or modify certain material operating leases and management agreements, sell assets or merge, consolidate or transfer all or substantially all of their assets. The 2016 ESH REIT Credit Facilities contain certain customary representations and warranties, affirmative covenants and events of default, including, but not limited to, cross-defaults to certain other indebtedness and certain material operating leases and management agreements. If an event of default occurs, the administrative agent is entitled to take various actions, including the acceleration of amounts due under the 2016 ESH REIT Credit Facilities and additional actions that a secured creditor is permitted to take following a default. As of December 31, 2018 , ESH REIT was in compliance with all covenants under the 2016 ESH REIT Credit Facilities. 2016 Term Facility — In May 2018, ESH REIT entered into a third amendment to the 2016 Term Facility (such amendment, the “Third Repricing Amendment”). The 2016 Term Facility bears interest at a rate equal to (i) LIBOR plus 1.75% for any period during which ESH REIT maintains a public corporate family rating better than or equal to BB- (with a stable or better outlook) from S&P and Ba3 (with a stable or better outlook) from Moody’s (a “Level 1 Period”) or LIBOR plus 2.00% for any period other than a Level 1 Period; or (ii) a base rate (determined by reference to the highest of (A) the prime lending rate, (B) the overnight federal funds rate plus 0.50% or (C) the one-month adjusted LIBOR rate plus 1.00% ) plus 0.75% during a Level 1 Period or 1.00% for any period other than a Level 1 Period. The 2016 Term Facility amortizes in equal quarterly installments in annual amounts equal to 0.25% of the aggregate principal amount outstanding as of the Third Repricing Amendment effective date, or $12.2 million per year. The remaining balance is payable at maturity. In addition to scheduled amortization, subject to certain exceptions, mandatory prepayments of up to 50.0% of annual Excess Cash Flow, as defined, may be required based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined. Annual mandatory prepayments are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . The 2016 Term Facility matures on August 30, 2023. ESH REIT has the option to voluntarily prepay outstanding loans under the 2016 Term Facility at any time upon three business days’ prior written notice for LIBOR loans or on one business day’s prior written notice for base rate loans. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively, and wrote off $0.6 million of deferred financing costs related to these prepayments. 2016 ESH REIT Revolving Credit Facility — The 2016 ESH REIT Revolving Credit Facility provides for the issuance of up to $50.0 million of letters of credit. Borrowings under the facility bear interest at a rate equal to (i) LIBOR plus a spread that ranges from 2.25% to 2.75% based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined, or (ii) base rate (determined by reference to the highest of (A) the prime lending rate, (B) the overnight federal funds rate plus 0.50% , or (C) the one-month adjusted LIBOR rate plus 1.00% ) plus a spread that ranges from 1.25% to 1.75% based on ESH REIT’s Consolidated Total Net Leverage Ratio, as defined. There is no scheduled amortization under the 2016 ESH REIT Revolving Credit Facility and the facility matures on August 30, 2021. In addition to paying interest on outstanding principal, ESH REIT incurs a fee of 0.35% or 0.175% on the unutilized revolver balance, based on amounts outstanding under the facility. ESH REIT is also required to pay customary letter of credit fees and agency fees. As of December 31, 2018 , ESH REIT had no letters of credit outstanding under the facility and available borrowing capacity of $350.0 million . The 2016 ESH REIT Revolving Credit Facility is subject to a springing financial covenant whereby the senior loan-to-value ratio may not exceed 45% when the aggregate principal amount of borrowings and letters of credit under the 2016 ESH REIT Revolving Credit Facility, excluding up to $30.0 million of letters of credit, is equal to or greater than 25% of the aggregate available principal amount of the 2016 ESH REIT Revolving Credit Facility on the applicable fiscal quarter end date. ESH REIT Senior Notes Due 2025 In May 2015 and March 2016, ESH REIT issued $500.0 million and $800.0 million , respectively, of its 5.25% senior notes due in 2025 (the “2025 Notes”) under an indenture (the “Indenture”) with Deutsche Bank Trust Company Americas, as trustee, in private placements pursuant to Rule 144A of the Securities Act. The 2025 Notes mature on May 1, 2025 and bear interest at a fixed rate of 5.25% per annum, payable semi-annually in arrears on May 1 and November 1 of each year. The 2025 Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by each of ESH REIT’s subsidiaries that guarantee ESH REIT’s obligations under the 2016 ESH REIT Credit Facilities. The 2025 Notes rank equally in right of payment with ESH REIT’s existing and future senior unsecured indebtedness, and senior in right of payment to all future subordinated indebtedness, if any. The 2025 Notes are effectively junior to any of ESH REIT’s secured indebtedness to the extent of the value of the assets securing such indebtedness. ESH REIT may redeem the 2025 Notes at any time on or after May 1, 2020, in whole or in part, at a redemption price equal to 102.625% of the principal amount, declining annually to 100% of the principal amount from May 1, 2023 and thereafter, plus accrued and unpaid interest. Prior to May 1, 2020, ESH REIT may redeem the 2025 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a “make-whole” premium, as defined in the Indenture, plus accrued and unpaid interest. Upon a Change of Control, as defined, holders of the 2025 Notes have the right to require ESH REIT to redeem the 2025 Notes at 101% of the principal amount, plus accrued and unpaid interest. The Indenture contains a number of customary covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, create certain liens, pay dividends or distributions, make certain investments and other restricted payments, enter into affiliate transactions, sell assets or merge, consolidate or transfer all or substantially all of their assets. The Indenture also contains certain customary events of default, including, but not limited to, cross-defaults to certain other indebtedness. If an event of default occurs, the holders of the Notes and the Trustee are entitled to take various actions, including declaring the 2025 Notes immediately due and payable. As of December 31, 2018 , ESH REIT was in compliance with all covenants set forth in the Indenture. Unsecured Intercompany Facility On August 30, 2016, ESH REIT, as borrower, and the Corporation, as lender, entered into an unsecured intercompany credit facility (the “Unsecured Intercompany Facility”), under which ESH REIT borrowed $75.0 million from the Corporation upon the facility’s closing. As of December 31, 2018 and 2017 , the amount outstanding under the facility was $0 . Subject to certain conditions, the principal amount of the Unsecured Intercompany Facility may be increased up to an amount that shall not exceed the greater of (i) $300.0 million and (ii) an unlimited amount so long as the incremental loan-to-value ratio, determined on a pro-forma basis as of the last day of the most recently ended test period, as if any incremental loans available under such incremental commitments had been outstanding on the last day of such period, and, in each case, without netting the cash proceeds of any such incremental loans, does not exceed 5.0% . Loans under the facility bear interest at 5.0% per annum. There is no scheduled amortization and the facility matures on August 30, 2023. ESH REIT has the option to voluntarily prepay outstanding loans at any time upon one business day’s prior written notice. The Unsecured Intercompany Facility contains a number of restrictive covenants that, among other things and subject to certain exceptions, limit ESH REIT’s ability and the ability of its subsidiaries to incur additional debt, modify existing debt, create certain liens, pay dividends or distributions, make certain investments and other restricted payments, enter into affiliate transactions, amend or modify certain material operating leases and management agreements, sell assets or merge, consolidate or transfer all or substantially all of their assets. The facility contains certain customary representations and warranties, affirmative covenants and events of default, including, but not limited to, cross-defaults to certain other indebtedness and certain material operating leases and management agreements. If an event of default occurs, the Corporation is entitled to take various actions, including the acceleration of amounts due under the facility and all other actions that a creditor is permitted to take following a default. As of December 31, 2018 , ESH REIT was in compliance with all covenants under the Unsecured Intercompany Facility. Interest Expense, net —The components of net interest expense during the years ended December 31, 2018 , 2017 and 2016 , are as follows (in thousands): Year Ended Year Ended Year Ended Contractual interest $ 115,778 $ 119,819 $ 127,215 Amortization of deferred financing costs and debt discount 7,895 7,988 9,124 Debt extinguishment and other costs (1) 2,847 3,136 27,196 Interest income (1,775 ) (20 ) (92 ) Total $ 124,745 $ 130,923 $ 163,443 ______________________ (1) Includes interest expense associated with capital leases. Future Maturities of Debt —The future maturities of debt as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, 2019 $ 11,366 (1) 2020 11,366 (1) 2021 11,366 (1) 2022 11,366 (1) 2023 1,091,128 (1) Thereafter 1,300,000 (1) Total $ 2,436,592 ______________________ (1) Under the 2016 Term Facility, mandatory annual prepayments of up to 50% of Excess Cash Flow, as defined, may be required. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments were required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . Fair Value of Debt —As of December 31, 2018 and 2017 , the estimated fair value of ESH REIT’s debt was $2.3 billion and $2.6 billion , respectively. Estimated fair values are determined by comparing current borrowing rates and risk spreads offered in the market (Level 2 fair value measures) or quoted market prices (Level 1 fair value measures), when available, to the stated interest rates and spreads on ESH REIT’s debt. |
Derivative Instruments
Derivative Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Derivative [Line Items] | |
Derivative Instruments | DERIVATIVE INSTRUMENTS In September 2016, ESH REIT entered into a floating-to-fixed interest rate swap, as amended and supplemented from time to time, at a fixed rate of 1.175% and a floating rate of one-month LIBOR to manage its exposure to interest rate risk on a portion of the 2016 Term Facility. The notional amount of the interest rate swap as of December 31, 2018 was $300.0 million . The notional amount decreases by an additional $50.0 million every six months until the swap’s maturity in September 2021. On January 1, 2018, the Company adopted ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities, which changed the designation and measurement guidance for qualifying hedging relationships as well as the presentation of hedging results, and as a result recorded a cumulative-effect adjustment to reclassify a previously recorded loss of $0.7 million from retained earnings to accumulated other comprehensive income (loss) and noncontrolling interests. For the year ended December 31, 2018 , the Company received proceeds of $2.8 million that offset interest expense and recorded interest expense of $0.7 million and $0.2 million for the years ended December 31, 2017 and 2016, respectively. As of December 31, 2018, $3.5 million is expected to be recognized through earnings over the following twelve months. The table below presents the amounts and classification on the Company’s financial statements related to the interest rate swap (in thousands): Other assets Accumulated other comprehensive income, net of tax Other non-operating (income) expense Interest (income) expense, net As of December 31, 2018 $ 5,789 $ 4,934 (1) As of December 31, 2017 $ 6,387 $ 5,992 (2) For the year ended December 31, 2018 $ — $ (2,765 ) For the year ended December 31, 2017 $ 314 $ 707 For the year ended December 31, 2016 $ — $ 183 _______________________________ (1) Changes during the year ended December 31, 2018 , on a pre-tax basis, consisted of changes in fair value of $(0.6) million and the cumulative effect adjustment of $(0.7) million . (2) Changes during the year ended December 31, 2017, on a pre-tax basis, consisted of changes in fair value of $1.4 million (effective portion) and amortization of accumulated other comprehensive income prior to hedge de-designation of $0.7 million and removal of a previous LIBOR floor of $(0.3) million . |
ESH REIT | |
Derivative [Line Items] | |
Derivative Instruments | DERIVATIVE INSTRUMENTS In September 2016, ESH REIT entered into a floating-to-fixed interest rate swap, as amended and supplemented from time to time, at a fixed rate of 1.175% and a floating rate of one-month LIBOR to manage its exposure to interest rate risk on a portion of its 2016 Term Facility. The notional amount of the interest rate swap as of December 31, 2018 was $300.0 million . The notional amount decreases by an additional $50.0 million every six months until the swap’s maturity in September 2021. On January 1, 2018, ESH REIT adopted ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities, which changed the designation and measurement guidance for qualifying hedging relationships as well as the presentation of hedging results, and as a result recorded a cumulative-effect adjustment to reclassify a previously recorded loss of $0.7 million from retained earnings to accumulated other comprehensive income (loss). For the year ended December 31, 2018 , ESH REIT received proceeds of $2.8 million that offset interest expense and recorded interest expense of $0.7 million and $0.2 million for the years ended December 31, 2017 and 2016, respectively. As of December 31, 2018 , approximately $3.5 million is expected to be recognized through earnings over the following twelve months. The table below presents the amounts and classification on ESH REIT’s financial statements related to the interest rate swap (in thousands): Other Assets Accumulated other comprehensive income, net of tax Other non-operating (income) expense Interest (income) expense, net As of December 31, 2018 $ 5,789 $ 5,789 (1) As of December 31, 2017 $ 6,387 $ 7,038 (2) For the year ended December 31, 2018 $ — $ (2,765 ) For the year ended December 31, 2017 $ 314 $ 707 For the year ended December 31, 2016 $ — $ 183 _______________________________ (1) Changes during the year ended December 31, 2018 , on a pre-tax basis, consisted of changes in fair value of $(0.6) million and the cumulative effect adjustment of $(0.7) million . (2) Changes during the year ended December 31, 2017, on a pre-tax basis, consisted of changes in fair value of $1.4 million (effective portion) and amortization of accumulated other comprehensive income prior to hedge de-designation of $0.7 million and removal of a previous LIBOR floor of $(0.3) million . |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Income Taxes | INCOME TAXES Income (loss) before income tax expense for the years ended December 31, 2018 , 2017 and 2016 consists of the following (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, U.S. $ 254,172 $ 244,995 $ 196,557 Canada (340 ) (13,293 ) 1,146 Total $ 253,832 $ 231,702 $ 197,703 The components of income tax expense (benefit) for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, Federal (including foreign): Current $ 31,401 $ 49,307 $ 51,495 Deferred 711 1,675 (23,377 ) State: Current 9,656 9,244 8,831 Deferred 308 (712 ) (2,598 ) Total $ 42,076 $ 59,514 $ 34,351 The differences between income tax expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Tax at statutory rate $ 53,305 21.0 % $ 81,096 35.0 % $ 69,196 35.0 % State income tax 7,847 3.1 5,578 2.4 2,891 1.5 Foreign income tax rate differential — — (4,741 ) (2.0 ) 891 0.5 Nondeductible (nontaxable): ESH REIT income (14,976 ) (5.9 ) (25,689 ) (11.1 ) (34,132 ) (17.3 ) Change in expected distribution policy — — — — (1,633 ) (0.8 ) Equity-based compensation (524 ) (0.2 ) (263 ) (0.1 ) 807 0.4 Other permanent differences 30 — 3,283 1.4 743 0.3 Estimate of future nontaxable distributions from ESH REIT 5,020 2.0 (2,054 ) (0.9 ) (8,461 ) (4.3 ) Change in ESH REIT temporary differences (9,525 ) (3.7 ) (2,102 ) (0.9 ) 3,917 2.0 Change in deferred tax rate (1) — — 4,051 1.7 — — Valuation allowance (2 ) — (427 ) (0.2 ) 981 0.5 Tax credits (661 ) (0.3 ) (497 ) (0.2 ) (648 ) (0.3 ) Other - net 1,562 0.6 1,279 0.6 (201 ) (0.1 ) Income tax expense - net $ 42,076 16.6 % $ 59,514 25.7 % $ 34,351 17.4 % ________________________ (1) Reflects the impact of the TCJA on Corporation deferred tax assets, specifically the remeasurement of deferred tax assets at December 31, 2017 , using newly enacted tax rates, which resulted in deferred income tax expense. The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2018 and 2017 , consist of the following (in thousands): December 31, 2018 December 31, 2017 Deferred tax assets: Net operating loss carryforwards $ 2,926 $ 2,900 Accruals and allowances 10,861 15,072 Equity-based compensation 1,409 1,603 Depreciable property 3,211 4,028 Other 652 426 Total deferred tax assets 19,059 24,029 Valuation allowance (2,926 ) (2,900 ) Net deferred tax assets 16,133 21,129 Deferred tax liabilities: Undistributed ESH REIT income (5,578 ) (9,676 ) Intangible assets (2,600 ) (2,545 ) Prepaid expenses (629 ) (763 ) Other (17 ) (20 ) Total net deferred tax assets (liabilities): $ 7,309 $ 8,125 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 net capital gain, 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 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. ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. 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. As of December 31, 2018 , the Company completed its accounting for all tax effects related to the TCJA. As of December 31, 2017 , the Company estimated the remeasurement of its net deferred tax asset based on the newly enacted 21% federal corporate income tax rate and during the year ended December 31, 2017, recorded provisional deferred income tax expense of $4.1 million . This amount is no longer provisional and during the year ended December 31, 2018, there was no material change from the previously recorded provisional amount. During the years ended December 31, 2018 , 2017 and 2016, ESH REIT recognized a dividends paid deduction for 100% of its taxable income, incurring no federal income tax and minimal state and local income taxes. ESH REIT had taxable income prior to distributions of $297.2 million , $231.6 million and $210.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. In 2018 , ESH REIT made $277.8 million in cash distributions to its shareholders, $277.1 million of which were considered ordinary taxable income and $0.7 million which were accumulated distributions on restricted stock settled during the period. The 2018 cash distributions included $2.8 million previously deducted in 2017 to fully offset 2017 taxable income. In 2017 , ESH REIT made $235.1 million in cash distributions to its shareholders, all of which were considered ordinary taxable income. The 2017 cash distributions included $6.2 million of distributions previously deducted in 2016 to fully offset 2016 taxable income. In 2016 , ESH REIT made $280.9 million in cash distributions to its shareholders, all of which were considered ordinary taxable income. The 2016 cash distribution included a special distribution of $86.5 million paid in January 2016. In 2015, $77.1 million of the special distribution was deductible; the remaining $9.4 million was deductible in 2016. As of December 31, 2018 and 2017 , the Company recorded a valuation allowance related to the net operating loss carryforwards of its Canadian Operating Lessee and state net operating losses of ESH REIT. 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. As of December 31, 2018 , the book basis of ESH REIT’s property and equipment was $21.9 million greater than the tax basis. The Company evaluates its open tax positions using the criteria established by ASC 740, Income Taxes . The Company has concluded that it has not taken any material 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 federal income tax returns for the years 2015 to present are subject to examination by the Internal Revenue Service and other taxing authorities. As of December 31, 2018, Extended Stay America, Inc. was under examination by the Internal Revenue Service for the tax year ending December 31, 2016. As of December 31, 2018, a subsidiary of ESH REIT was under examination by the Canadian Revenue Agency for tax years 2014 through 2017. As these audits are still in process, the timing of the resolution and any payments that may be required cannot be determined at this time. The Company believes that, to the extent a liability may exist, it is appropriately reserved as of December 31, 2018. |
ESH REIT | |
Entity Information [Line Items] | |
Income Taxes | INCOME TAXES Income (loss) before income tax expense for the years ended December 31, 2018 , 2017 and 2016 consists of the following (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, U.S. $ 231,266 $ 231,093 $ 207,896 Canada (340 ) (14,880 ) 4,362 Total $ 230,926 $ 216,213 $ 212,258 The components of income tax expense (benefit) for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, Federal (including foreign): Current $ 715 $ 4,792 $ 1,195 Deferred — (3,377 ) 549 State: Current 97 170 (1,715 ) Deferred (15 ) (356 ) 22 Total $ 797 $ 1,229 $ 51 The differences between income tax expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Tax at statutory rate $ 48,494 21.0 % $ 75,675 35.0 % $ 74,290 35.0 % State income tax 82 — (272 ) (0.1 ) (1,834 ) (0.9 ) Foreign income tax rate differential — — (5,149 ) (2.4 ) 1,872 0.9 Nondeductible (nontaxable): ESH REIT income (48,116 ) (20.8 ) (71,304 ) (33.0 ) (73,581 ) (34.6 ) Change in expected distribution policy — — — — (2,243 ) (1.0 ) Other permanent differences (378 ) (0.2 ) 1,925 0.9 (602 ) (0.3 ) Other - net 715 0.3 354 0.2 2,149 1.0 Income tax expense - net $ 797 0.3 % $ 1,229 0.6 % $ 51 0.1 % The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2018 and 2017 , consist of the following (in thousands): December 31, December 31, Deferred tax assets: Net operating loss carryforwards $ 787 $ 775 Other 1 2 Total deferred tax assets: 788 777 Valuation allowance (787 ) (775 ) Net deferred tax assets: 1 2 Deferred tax liabilities: Depreciable property (10 ) (24 ) Other (11 ) (26 ) Total net deferred tax liabilities: $ (20 ) $ (48 ) 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 net capital gain 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 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. ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. 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. During the years ended December 31, 2018 , 2017 and 2016, ESH REIT recognized a dividend paid deduction for 100% of its taxable income, incurring no federal income tax and minimal state and local income taxes. As discussed in Note 4, during 2017 , ESH REIT disposed of substantially all of its Canadian assets, resulting in a gain for tax purposes, upon which it paid $4.5 million of current period income tax. ESH REIT had taxable income prior to distributions of $297.2 million , $231.6 million and $210.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. In 2018 , ESH REIT made $277.8 million in cash distributions to its shareholders, $277.1 million of which were considered ordinary taxable income and $0.7 million which were accumulated distributions on restricted stock settled during the period. The 2018 cash distributions included $2.8 million previously deducted in 2017 to fully offset its 2017 taxable income. In 2017 , ESH REIT made $235.1 million in cash distributions to its shareholders, all of which were considered ordinary taxable income. The 2017 cash distributions included $6.2 million of distributions previously deducted in 2016 to fully offset 2016 taxable income. In 2016 , ESH REIT made $280.9 million in cash distributions to its shareholders, all of which were considered ordinary taxable income. The 2016 cash distributions included a special distribution of $86.5 million paid in January 2016. In 2015, $77.1 million of the special distribution was deductible; the remaining $9.4 million was deductible in 2016. As of December 31, 2018 , the book basis of ESH REIT’s property and equipment was $21.9 million greater than the tax basis. ESH REIT evaluates its open tax positions using the criteria established by ASC 740, Income Taxes. ESH REIT has concluded that it has not taken any material 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 federal income tax returns for the years 2015 to present are subject to examination by the Internal Revenue Service and other taxing authorities. As of December 31, 2018, a subsidiary of ESH REIT was under examination by the Canadian Revenue Agency for tax years 2014 through 2017. As the audit is still in process, the timing of the resolution and any payments that may be required cannot be determined at this time. ESH REIT believes that, to the extent a liability may exist, it is appropriately reserved as of December 31, 2018. |
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Quarterly Results (Unaudited) | QUARTERLY RESULTS (Unaudited) Quarterly financial data for the years ended December 31, 2018 and 2017 is as follows (in thousands, except per share data): Three Months Ended March 31, Three Months Ended June 30, Three Months Ended September 30, Three Months Ended December 31, 2018 2017 2018 2017 2018 2017 2018 2017 Total revenues $ 297,767 $ 290,991 $ 336,501 $ 338,363 $ 351,076 $ 350,866 $ 289,715 $ 302,505 Income from operations 68,729 52,931 112,504 98,442 121,462 117,918 75,242 91,784 Net income 31,095 16,063 65,570 49,725 75,692 66,250 39,399 40,150 Net (income) loss attributable to noncontrolling interests (16,243 ) 7,038 (514 ) 2,050 (3,790 ) (12,374 ) (78,345 ) (90,055 ) Net income (loss) attributable to common shareholders 14,852 23,101 65,056 51,775 71,902 53,876 (38,946 ) (49,905 ) Net income (loss) per common share—basic (1) $ 0.08 $ 0.12 $ 0.34 $ 0.27 $ 0.38 $ 0.28 $ (0.21 ) $ (0.26 ) Net income (loss) per common share—diluted (1) $ 0.08 $ 0.12 $ 0.34 $ 0.27 $ 0.38 $ 0.28 $ (0.21 ) (2) $ (0.26 ) (3) _________________________ (1) The sum of the four quarters may differ from the annual amount due to rounding. (2) Excludes 0.4 million anti-dilutive securities. (3) Excludes 0.5 million anti-dilutive securities. |
ESH REIT | |
Entity Information [Line Items] | |
Quarterly Results (Unaudited) | QUARTERLY RESULTS (Unaudited) Quarterly financial data for the years ended December 31, 2018 and 2017 is as follows (in thousands, except per share data): Three Months Ended March 31, Three Months Ended June 30, Three Months Ended September 30, Three Months Ended December 31, 2018 2017 2018 2017 2018 2017 2018 2017 Rental revenues from Extended Stay America, Inc. $ 113,331 $ 116,294 $ 111,532 $ 115,589 $ 142,977 $ 143,407 $ 299,588 $ 308,210 Income from operations 69,313 16,054 34,253 28,946 39,578 60,589 211,658 241,320 Net income (loss) 37,581 (16,116 ) 1,190 (4,724 ) 8,821 28,486 182,537 207,338 Net income (loss) per common share - Class A - basic (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class A - diluted (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class B - basic (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class B - diluted (1) $ 0.08 $ (0.04 ) (2) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 _______________________ (1) The sum of the four quarters may differ from the annual amount due to rounding. (2) Excludes 0.3 million anti-dilutive securities. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Equity | EQUITY The Corporation The Corporation has authorized 3,500.0 million shares of common stock, par value $0.01 per share, of which 188.2 million and 192.1 million shares were issued and outstanding as of December 31, 2018 and 2017 , 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 7,130 and 7,133 shares of mandatorily redeemable voting preferred stock were issued and outstanding as of December 31, 2018 and 2017 , respectively. Dividends on these mandatorily redeemable voting 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. The outstanding 8.0% mandatorily redeemable voting preferred shares are classified as a liability on the accompanying consolidated balance sheets and are further described in Note 7. The Corporation paid cash distributions totaling $45.8 million , $56.1 million and $74.2 million during the years ended December 31, 2018 , 2017 and 2016 , respectively, to its common shareholders, all of which were considered taxable dividends. Paired Share Repurchase Program —In December 2015, the Boards of Directors of the Corporation and ESH REIT authorized a combined Paired Share repurchase program. As a result of several increases in authorized amounts and program extensions, the Paired Share repurchase program currently authorizes the Corporation and ESH REIT to purchase up to $400 million in Paired Shares through December 31, 2019. Repurchases may be made at management’s discretion from time to time in the open market, in privately negotiated transactions or by other means (including through Rule 10b5-1 trading plans). As of December 31, 2018 , the Corporation and ESH REIT repurchased and retired 17.3 million Paired Shares for $180.1 million and $107.5 million , respectively, and $112.5 million remained available under the Paired Share repurchase program. Noncontrolling Interests Third party equity interests in the Corporation consist of the outstanding shares of the Class B common stock of ESH REIT, which represent approximately 43% of ESH REIT’s total common equity as of December 31, 2018 and 2017, and the outstanding 125 shares of 12.5% preferred stock of ESH REIT. These interests, which are not owned by the Corporation, are presented as noncontrolling interests. ESH REIT ESH REIT has authorized 4,300.0 million shares of Class A common stock, par value $0.01 per share, of which 250.5 million shares were issued and outstanding as of December 31, 2018 and 2017 . All issued and outstanding shares of ESH REIT Class A common stock were held by the Corporation as of December 31, 2018 and 2017 . ESH REIT has authorized 7,800.0 million shares of Class B common stock, par value $0.01 per share, of which 188.2 million and 192.1 million shares were issued and outstanding as of December 31, 2018 and 2017 , 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. 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, 2018 and 2017 . Additionally, ESH REIT has authorized 125 shares of preferred stock, no par value, all of which were issued and outstanding as of December 31, 2018 and 2017 . The outstanding ESH REIT 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 ESH REIT Class A and Class B common stock. The liquidation preference of the 12.5% preferred stock is $1,000 per share plus any accumulated unpaid dividends. 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 unpaid dividends. ESH REIT paid cash distributions totaling $277.8 million (of which $157.8 million was paid to the Corporation), $235.6 million (of which $132.8 million was paid to the Corporation), and $281.4 million (of which $155.3 million was paid to the Corporation) during the years ended December 31, 2018 , 2017 and 2016 , respectively. |
ESH REIT | |
Entity Information [Line Items] | |
Equity | EQUITY ESH REIT has authorized 4,300.0 million shares of Class A common stock, par value $0.01 per share, of which 250.5 million shares were issued and outstanding as of December 31, 2018 and 2017 . All issued and outstanding shares of ESH REIT Class A common stock were held by the Corporation as of December 31, 2018 and 2017 . ESH REIT has authorized 7,800.0 million shares of Class B common stock, par value $0.01 per share, of which 188.2 million and 192.1 million shares were issued and outstanding as of December 31, 2018 and 2017 , 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. 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, 2018 and 2017 . Additionally, ESH REIT has authorized 125 shares of preferred stock, no par value, all of which were issued and outstanding as of December 31, 2018 and 2017 . The outstanding ESH REIT 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 ESH REIT Class A and Class B common stock. The liquidation preference of the 12.5% preferred stock is $1,000 per share plus any accumulated unpaid dividends. 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 unpaid dividends. ESH REIT paid cash distributions totaling $277.8 million (of which $157.8 million was paid to the Corporation), $235.6 million (of which $132.8 million was paid to the Corporation) and $281.4 million (of which $155.3 million was paid to the Corporation) during the years ended December 31, 2018 , 2017 and 2016 , respectively. Paired Share Repurchase Program —In December 2015, the Boards of Directors of the Corporation and ESH REIT authorized a combined Paired Share repurchase program. As a result of several increases in authorized amounts and program extensions, the Paired Share repurchase program currently authorizes the Corporation and ESH REIT to purchase up to $400 million in Paired Shares through December 31, 2019. Repurchases may be made at management’s discretion from time to time in the open market, in privately negotiated transactions or by other means (including through Rule 10b5-1 trading plans). As of December 31, 2018 , ESH REIT repurchased and retired 17.3 million ESH REIT Class B common shares for $107.5 million , and $112.5 million remained available under the Paired Share repurchase program. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES Lease Commitments —The Company is a tenant under long-term ground leases at five of its hotel properties, including one hotel site for which development is in process. The ground lease agreements terminate at various dates between 2023 and 2096 and several of the agreements include multiple renewal options for generally five or ten year periods. The Company is also a tenant under a lease for its corporate office. The office operating lease terminates in August 2021 and includes renewal options for two five -year terms. Rent expense on operating leases is recognized on a straight-line basis and was $3.2 million , $3.2 million , and $3.3 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Lease expenses, excluding costs associated with capital leases, are included in hotel operating expense, while office lease expense is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2018 and 2017, capital lease assets totaled $3.8 million and $0 , respectively, and are included in property and equipment on the accompanying consolidated balance sheets (see Note 5). Capital lease liabilities totaled $3.4 million and $0 as of December 31, 2018 and 2017, respectively, and are included in accounts payable and accrued liabilities on the accompanying consolidated balances sheets. Future minimum lease payments as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, Operating Leases Capital Leases Total 2019 $ 2,779 $ 351 $ 3,130 2020 2,899 375 3,274 2021 2,220 384 2,604 2022 806 386 1,192 2023 545 387 932 Thereafter 78,097 3,340 81,437 Total $ 87,346 $ 5,223 $ 92,569 Letter of Credit —As of December 31, 2018 , the Company had one outstanding letter of credit, issued by the Corporation for $0.2 million , which is collateralized by the 2016 Corporation Revolving Credit Facility. Other Commitments —As of December 31, 2018, accounts payable and accrued liabilities on the accompanying consolidated balance sheet includes $12.3 million related to a resolved legal matter that is payable in early 2019. The amount is expected to be reimbursed and is offset by a $12.3 million receivable included in other assets on the accompanying consolidated balance sheet. 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 financial statements. |
ESH REIT | |
Entity Information [Line Items] | |
Commitments and Contingencies | COMMITMENTS AND CONTINGENCIES Lease Commitments —ESH REIT is a tenant under long-term ground leases at five of its hotel properties, including one hotel site for which development is in process. The ground lease agreements terminate at various dates between 2023 and 2096 and several of the agreements include multiple renewal options for generally five or ten year periods. Rent expense on operating leases is recognized on a straight-line basis and was $1.5 million for each of the years ended December 31, 2018 , 2017 and 2016 . Lease expenses, excluding costs associated with capital leases, are included in hotel operating expense in the accompanying consolidated statements of operations. As of December 31, 2018 and 2017 , capital lease assets totaled $3.8 million and $0 , respectively, and are included in property and equipment on the accompanying consolidated balance sheets (see Note 5). Capital lease liabilities totaled $3.4 million and $0 as of December 31, 2018 and 2017 , respectively, and are included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. Future minimum lease payments as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, Operating Leases Capital Leases Total 2019 $ 712 $ 351 $ 1,063 2020 779 375 1,154 2021 784 384 1,168 2022 806 386 1,192 2023 545 387 932 Thereafter 78,097 3,340 81,437 Total $ 81,723 $ 5,223 $ 86,946 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. |
Defined Contribution Benefit Pl
Defined Contribution Benefit Plans | 12 Months Ended |
Dec. 31, 2018 | |
Retirement Benefits [Abstract] | |
Defined Contribution Benefit Plans | DEFINED CONTRIBUTION BENEFIT PLANS ESA Management has a savings plan that qualifies under Section 401(k) of the Code for all employees meeting the eligibility requirements of the plan. Through December 31, 2015, the plan had an employer-matching contribution of 50% of the first 6% of an employee’s contribution, which vested over an employee’s initial five -year service period. For the period from January 1, 2016 through September 9, 2016, the plan had an employer-matching contribution of 100% of the first 3% of an employee’s contribution and 50% of the next 2% of an employee’s contribution, which vested immediately. Beginning January 1, 2017, 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 three -year service period. The plan also provides for contribution of up to 100% of eligible employee pretax salary, subject to the Code’s annual deferral limit of $18,500 during 2018 and $18,000 during 2017 and 2016 . Employer contributions, net of forfeitures, totaled $1.8 million , $1.7 million and $2.7 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. In June 2016, ESA Management established a non-qualified deferred compensation plan to allow certain eligible employees an option to defer a portion of their compensation on a tax-deferred basis. Beginning January 2017, the plan had an employer-matching contribution of 50% of the first 6% of an employee’s contribution, which vests over a three -year service period. The plan is fully funded in a Rabbi Trust, which is subject to creditor claims in the event of insolvency, but the assets held in the Rabbi Trust are not available for general corporate purposes. As of December 31, 2018 and 2017 , plan assets and liabilities of $1.4 million and $0.9 million , respectively, are included in other assets and accounts payable and accrued liabilities on the accompanying consolidated balance sheets. |
Equity-Based Compensation
Equity-Based Compensation | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Equity-Based Compensation | EQUITY-BASED COMPENSATION The Corporation and ESH REIT each maintain an LTIP, as amended and restated in 2015, approved by their shareholders. Under the LTIPs, the Corporation and ESH REIT may issue to eligible employees or directors RSUs or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. The aggregate number of Paired Shares that may be the subject of awards under the LTIPs shall not exceed 8.0 million , of which no more than 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 ESH REIT Class B common stock. As of December 31, 2018 , 5.1 million Paired Shares were available for future issuance under the LTIPs. Equity-based compensation expense is recognized by amortizing the grant-date fair value on a straight-line basis over the requisite service period of each award. A portion of the grant-date fair value of all equity-based awards is allocated to a share of Corporation common stock and a portion is allocated to a share of ESH REIT Class B common stock. Equity-based compensation expense was $7.7 million , $7.6 million and $12.0 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, and is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2018 , unrecognized compensation expense related to outstanding equity-based awards and the related weighted-average period over which it is expected to be recognized subsequent to December 31, 2018 is presented in the following table. Total unrecognized compensation expense will be adjusted for actual forfeitures. Unrecognized Compensation Expense Related to Outstanding Awards (in thousands) Remaining Weighted- Average Amortization Period (in years) RSAs/RSUs with service vesting conditions $ 5,632 1.8 RSUs with performance vesting conditions — — RSUs with market vesting conditions 2,619 1.8 Total unrecognized compensation expense $ 8,251 RSA/RSU activity during the years ended December 31, 2018 , 2017 and 2016 , was as follows: Performance-Based Awards Service-Based Awards Performance Vesting Market Vesting Number of RSAs/RSUs (in thousands) Weighted- Average Grant- Date Fair Value (1) Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value (1) Outstanding at January 1, 2016 992 $ 18.24 19 $ 19.07 556 $ 6.81 Granted 536 $ 14.08 166 $ 14.07 441 $ 12.03 Settled (582 ) $ 16.66 (19 ) $ 19.07 — $ — Forfeited (54 ) $ 15.56 (47 ) $ 14.07 (25 ) $ 13.19 Outstanding at December 31, 2016 892 $ 16.93 119 $ 14.07 972 $ 9.01 Granted 272 $ 17.51 192 $ 17.45 104 $ 18.58 Settled (417 ) $ 17.75 (119 ) $ 14.07 — $ — Forfeited (145 ) $ 15.13 (39 ) $ 17.45 (865 ) $ 8.35 Outstanding at December 31, 2017 602 $ 17.06 153 $ 17.45 211 $ 16.46 Granted 401 $ 19.42 57 $ 19.52 204 $ 17.41 Settled (399 ) $ 17.46 (153 ) $ 17.45 (41 ) $ 20.76 Forfeited (81 ) $ 18.05 (25 ) $ 19.52 (77 ) $ 15.36 Outstanding at December 31, 2018 523 $ 18.42 32 $ 19.52 297 $ 16.79 Vested at December 31, 2017 46 $ 23.66 145 $ 17.45 41 $ 20.76 Nonvested at December 31, 2017 556 $ 18.46 — $ — 170 $ 20.48 Vested at December 31, 2018 7 $ 19.11 32 $ 19.52 50 $ 12.03 Nonvested at December 31, 2018 516 $ 18.41 — $ — 247 $ 17.75 _____________________ (1) An independent valuation was performed contemporaneously with the issuance of grants. The grant-date fair value of awards with service vesting conditions is based on the closing price of a Paired Share on the date of grant. Service-based awards vest over a period of two to four years , subject to the grantee’s continued employment or service. The grant-date fair value of awards with performance vesting conditions is based on the closing price of a Paired Share on the date of grant. Equity-based compensation expense with respect to these awards is adjusted over the vesting period to reflect the probability of achievement of performance targets defined in the award agreements. These awards vest over a one -year period, subject to the grantee’s continued employment, with the ability to earn Paired Shares in a range of 0% to 200% of the awarded number of RSUs based on the achievement of defined performance targets. The grant-date fair value of awards with market vesting conditions is based on an independent third-party valuation. These awards vest at the end of a three -year period, subject to the grantee’s continued employment, with the ability to earn Paired Shares in a range of 0% to 150% of the awarded number of RSUs based on the total shareholder return of a Paired Share relative to the total shareholder return of other publicly traded lodging companies identified in the award agreements. During the year ended December 31, 2018 , the grant-date fair value of awards with market vesting conditions were calculated using a Monte Carlo simulation model with the following key assumptions: Expected holding period 2.86 years Risk–free rate of return 2.37 % Expected dividend yield 4.61 % |
ESH REIT | |
Entity Information [Line Items] | |
Equity-Based Compensation | EQUITY-BASED COMPENSATION The Corporation and ESH REIT each maintain an LTIP, as amended and restated in 2015, approved by their shareholders. Under the LTIPs, the Corporation and ESH REIT may issue to eligible employees or directors RSUs or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. The aggregate number of Paired Shares that may be the subject of awards under the LTIPs shall not exceed 8.0 million , of which no more than 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 ESH REIT Class B common stock. As of December 31, 2018 , 5.1 million Paired Shares were available for future issuance under the LTIPs. Equity-based compensation expense is recognized by amortizing the grant-date fair value on a straight-line basis over the requisite service period of each award. The grant-date fair value of awards is based on the closing price of a Paired Share on the date of grant. A portion of the grant-date fair value of all equity-based awards is allocated to a share of Corporation common stock and a portion is allocated to a share of ESH REIT Class B common stock. Expense related to the portion of the grant-date fair value with respect to a share of Corporation common stock 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 ESH REIT Class B common stock is recorded as an increase to additional paid in capital. Equity-based compensation expense totaled $0.6 million , $0.4 million and $0.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, and is included in general and administrative expenses in the accompanying consolidated statements of operations. As of December 31, 2018 , there was $0.2 million of unrecognized compensation expense related to outstanding equity-based awards, which is expected to be recognized subsequent to December 31, 2018 over a weighted-average period of 0.4 years . Total unrecognized compensation expense will be adjusted for actual forfeitures. 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. 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 ESH REIT. For all LTIP awards granted by the Corporation, ESH REIT will receive compensation for the fair value of the Class B shares on the date of settlement of such Class B shares by ESH REIT. As of December 31, 2018 , the Corporation has granted a total of 3.8 million service-based, performance-based and market-based RSUs, of which 3.0 million RSUs were either forfeited or settled. As a counterparty to the remaining outstanding RSUs, ESH REIT is expected to issue and be compensated in cash for 0.8 million shares of Class B common stock of ESH REIT in future periods, assuming performance-based awards vest at 100% and no forfeitures. RSU activity (all of which relates to awards with service vesting conditions) during the years ended December 31, 2018 , 2017 and 2016 , was as follows: Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value Outstanding at January 1, 2016 244 $ 9.71 Granted 15 $ 14.08 Settled (231 ) $ 9.40 Forfeited — $ — Outstanding at December 31, 2016 28 $ 14.57 Granted 26 $ 17.56 Settled (15 ) $ 13.66 Forfeited — $ — Outstanding at December 31, 2017 39 $ 16.91 Granted 28 $ 19.48 Settled (34 ) $ 17.32 Forfeited — $ — Outstanding at December 31, 2018 33 $ 18.68 Vested at December 31, 2017 — $ — Nonvested at December 31, 2017 39 $ 16.91 Vested at December 31, 2018 — $ — Nonvested at December 31, 2018 33 $ 18.68 |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Related Party Transactions | RELATED PARTY TRANSACTIONS Investment funds and affiliates of Paulson & Co. Inc., a member of the Company’s former ownership group, held 7,036 shares of the Corporation’s outstanding mandatorily redeemable preferred stock as of December 31, 2018 and 2017 . During 2017, the Corporation repurchased 14,069 preferred shares from investment funds and affiliates of Centerbridge Partners, L.P. and The Blackstone Group L.P., each also members of the Company’s former ownership group, at par value, or $14.1 million . As of December 31, 2018 and 2017 , the outstanding balance owed by ESH REIT to the Corporation under the Unsecured Intercompany Facility was $0 . ESH REIT is able to borrow under the Unsecured Intercompany Facility up to $300.0 million , plus additional amounts, in each case, subject to certain conditions. The outstanding debt balance and interest expense owed by ESH REIT to the Corporation related to this facility eliminate in consolidation (see Note 7). During the year ended December 31, 2017 , the Corporation and ESH REIT repurchased and retired 2.0 million Paired Shares from investment funds and affiliates of Paulson & Co. Inc., Centerbridge Partners, L.P. and The Blackstone Group L.P., each members of the Company’s former ownership group, for $21.4 million and $12.2 million , respectively. These Paired Shares were purchased in connection with secondary offerings consummated during the year ended December 31, 2017, and pursuant to, and counted toward, the combined Paired Share repurchase program (see Note 11). |
ESH REIT | |
Entity Information [Line Items] | |
Related Party Transactions | RELATED PARTY TRANSACTIONS Revenues and Overhead Expenses Leases and Rental Revenues —All revenues are generated as a result of, and earned from, related parties. From May 1, 2017 through December 31, 2018, ESH REIT’s revenues were derived from three leases. Prior to the sale of its Extended Stay Canada-branded hotels in May 2017, ESH REIT’s revenues were derived from four leases. The counterparty to each lease agreement is a subsidiary of the Corporation. Fixed rental revenues are recognized on a straight-line basis. For the years ended December 31, 2018 , 2017 and 2016 , ESH REIT recognized fixed rental revenues of $450.3 million , $461.2 million and $465.2 million , respectively. ESH REIT recognized $217.2 million , $222.3 million and $229.1 million of percentage rental revenues for the years ended December 31, 2018 , 2017 and 2016 , respectively. Each lease agreement, which had an initial term that expired in October 2018, was renewed effective November 1, 2018, for a five -year term that expires in October 2023. Upon renewal, minimum and percentage rents were adjusted to reflect then-current market terms. Each lease contains an automatic five -year renewal, unless lessee provides notice that it will not renew no later than thirty months prior to expiration. Future fixed rental payments to be received under current remaining noncancelable lease terms are as follows (in thousands): Years Ending December 31, 2019 $ 451,445 2020 462,860 2021 474,409 2022 486,247 2023 415,112 Total $ 2,290,073 Overhead Expenses— A wholly-owned subsidiary of the Corporation incurs costs under a services agreement with the Corporation and ESH REIT for certain overhead services performed on the entities’ behalf. The services relate to executive management, accounting, financial analysis, training and technology. For the years ended December 31, 2018 , 2017 and 2016 , ESH REIT incurred $9.8 million , $8.5 million and $8.8 million , respectively, related to this agreement, which is included in general and administrative expenses in the accompanying consolidated statements of operations. The expenses ESH REIT incurred under this services agreement include expenses related to certain employees that participate in the Corporation’s long-term incentive plan (as described in Note 13). Such charges were $0.9 million , $1.1 million and $1.9 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Debt and Equity Transactions Share Repurchases —During the year ended December 31, 2017 , ESH REIT repurchased and retired 2.0 million Class B common shares from investment funds and affiliates of Paulson & Co. Inc., Centerbridge Partners, L.P. and The Blackstone Group L.P., each members of ESH REIT’s former ownership group, for $12.2 million . These shares were purchased in connection with secondary offerings consummated during the year ended December 31, 2017 and pursuant to, and counted toward, the combined Paired Share repurchase program (see Note 10). Unsecured Intercompany Facility —As of December 31, 2018 and 2017 , there were no outstanding balances owed by ESH REIT to the Corporation under the Unsecured Intercompany Facility. During the years ended December 31, 2018 , 2017 and 2016 , ESH REIT incurred $0 , $2.4 million and $1.3 million , respectively, in interest expense related to the Unsecured Intercompany Facility. ESH REIT is able to borrow under the Unsecured Intercompany Facility up to $300.0 million , plus additional amounts, in each case, subject to certain conditions (see Note 6). Distributions— The Corporation owns all of the Class A common stock of ESH REIT, which represents approximately 57% of the outstanding shares of common stock of ESH REIT. During the years ended December 31, 2018 , 2017 and 2016 , ESH REIT paid distributions of $157.8 million , $132.8 million , and $155.3 million , respectively, to the Corporation in respect of the Class A common stock of ESH REIT. Issuance of Common Stock— During the year ended December 31, 2018 , ESH REIT was compensated $2.6 million for the issuance of approximately 364,000 shares of Class B common stock, each of which was attached to a share of Corporation common stock to form a Paired Share, used to settle vested restricted stock units. During the year ended December 31, 2017 , ESH REIT was compensated $1.9 million for the issuance of approximately 309,000 shares of Class B common stock, each of which was attached to a share of Corporation common stock to form a Paired Share, used to settle vested restricted stock units. During the year ended December 31, 2016 , ESH REIT was compensated $1.3 million for the issuance of approximately 224,000 shares of Class B common stock, each of which was attached to a share of Corporation common stock to form a Paired Share, used to settle vested restricted stock units. As of December 31, 2018 , approximately 89,000 RSUs issued by the Corporation have vested but have not been settled, for which ESH REIT has recognized a receivable of $0.4 million , which is included as a component of due to Extended Stay America, Inc., net on the accompanying consolidated balance sheets. In March 2019, in accordance with the awards’ settlement provisions, ESH REIT expects to issue and be compensated for the issuance of the corresponding shares of Class B common stock, each of which will be attached to a share of common stock of the Corporation to form a Paired Share. As of December 31, 2017 , approximately 232,000 RSUs issued by the Corporation had vested but had not been settled, for which ESH REIT had recognized a receivable of $1.4 million , which is included as a component of due to Extended Stay America, Inc. on the accompanying consolidated balance sheets. In March 2018, in accordance with the awards’ settlement provisions, ESH REIT issued and was compensated for the issuance of the corresponding shares of Class B common stock, each of which was attached to a share of common stock of the Corporation to form a Paired Share. Related Party Transaction Balances Related party transaction balances as of December 31, 2018 and 2017 , include the following (in thousands): December 31, 2018 December 31, 2017 Leases: Rents receivable (1) $ 4,099 $ 3,704 Deferred rents receivable (2) $ 8,637 $ 24,388 Unearned rental revenues (1) $ (37,506 ) $ (40,523 ) Working capital and other: Ordinary working capital (3) $ (12,581 ) $ (8,441 ) Equity awards receivable (4) 403 1,386 Total working capital and other, net (5) $ (12,178 ) $ (7,055 ) ______________________ (1) Rents receivable relate to percentage rents. Unearned rental revenues relate to January 2019 and 2018 fixed minimum rents, respectively. (2) Revenues recognized in excess of cash rents received. (3) Represents disbursements and/or receipts made by the Corporation or ESH REIT on the other entity’s behalf. Includes overhead costs incurred by the Corporation on ESH REIT’s behalf. (4) Represents amounts related to restricted stock units not yet settled or issued. (5) Outstanding balances are typically repaid within 30 days. |
Segments
Segments | 12 Months Ended |
Dec. 31, 2018 | |
Segment Reporting [Abstract] | |
Segments | SEGMENTS The Company’s operating segments are components of the business which are managed discretely and for which discrete financial information is reviewed regularly by its chief operating decision maker to assess performance and make decisions regarding the allocation of resources. The Company’s operating and reportable segments are defined as follows: • Owned Hotels —Earnings are derived from the operation of owned hotel properties and include room and other hotel revenues. • Franchise and management —Earnings are derived from revenues (i.e., fees) under various franchise and management agreements with third-parties. These contracts provide the Company the ability to earn compensation for licensing the Extended Stay America brand name, providing access to shared system-wide platforms and/or management services. The performance of the Company’s operating segments is evaluated primarily on income from operations. Selected financial data is provided below (in thousands): Year Ended December 31, 2018 2017 2016 Revenues: Owned hotels $ 1,259,182 $ 1,282,725 $ 1,270,593 Franchise and management (1) 7,086 3,873 3,811 Total segment revenues 1,266,268 1,286,598 1,274,404 Corporate and other (2) 80,942 75,692 79,792 Other revenues from franchise and managed properties (3) 12,567 — — Intersegment eliminations (4) (84,718 ) (79,565 ) (83,603 ) Total 1,275,059 1,282,725 1,270,593 Income (loss) from operations: Owned hotels (5) $ 394,669 $ 383,061 $ 385,033 Franchise and management (1) 7,086 3,873 3,811 Total segment income from operations 401,755 386,934 388,844 Corporate and other (2) (23,168 ) (25,859 ) (28,180 ) Other expenses from franchise and managed properties, net (3) (650 ) — — Total $ 377,937 $ 361,075 $ 360,664 _________________________________ (1) Includes intellectual property fees charged to the owned hotels segment of $3.8 million , $3.9 million and $3.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively, that are eliminated in the consolidated statements of operations. (2) Includes revenues generated and operating expenses incurred in connection with the overall support of owned, franchised and managed hotels and related operations. These amounts include management fees earned by and cost reimbursements charged to the owned hotels segment of $80.9 million , $75.7 million and $79.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively, that are eliminated in the consolidated statements of operations. (3) Includes direct reimbursement of specific costs incurred under franchise and management agreements that the Company is reimbursed for on a dollar-for-dollar basis, as well as indirect reimbursement of certain costs incurred associated with the Company’s shared platform (i.e., system services) (see Note 2). (4) Includes management fees, intellectual property fees and other cost reimbursements charged to the owned hotels segment that are eliminated in the consolidated statements of operations. (5) Net of impairment charges of $43.6 million , $25.2 million and $9.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively. Also includes gain on sale of hotel properties of $42.5 million and $10.0 million for the years ended December 31, 2018 and 2017, respectively. Total assets for each of the Company’s operating segments are provided below (in thousands): December 31, 2018 December 31, 2017 Assets: Owned hotels $ 3,643,603 $ 4,021,672 Franchise and management 14,634 9,933 Total segment assets 3,658,237 4,031,605 Corporate and other 308,181 85,215 Intersegment eliminations (42,208 ) (40,815 ) Total $ 3,924,210 $ 4,076,005 Total capital expenditures for each of the Company's operating segments are provided below (in thousands): Year Ended 2018 2017 2016 Capital Expenditures: Owned hotels $ 207,997 $ 164,909 $ 224,043 Franchise and management 250 — — Total segment capital expenditures 208,247 164,909 224,043 Corporate and other 1,027 1,469 1,280 Total $ 209,274 $ 166,378 $ 225,323 |
Revenue From Contracts With Cus
Revenue From Contracts With Customers | 12 Months Ended |
Dec. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue From Contracts With Customer | REVENUE FROM CONTRACTS WITH CUSTOMERS Disaggregation of Revenues The following table disaggregates room revenues from owned hotels by booking source for the year ended December 31, 2018 (in thousands): December 31, Property direct $ 360,718 Central call center 303,336 Proprietary website 220,734 Third-party intermediaries 300,965 Travel agency global distribution systems 51,558 Total room revenues from owned hotels (1) $ 1,237,311 _________________________________ (1) In addition to room revenues, the Company’s owned hotels earned $21.9 million of other hotel revenues during the year ended December 31, 2018 . The following table disaggregates room revenues from owned hotels by length of guest stay for the year ended December 31, 2018 (in thousands): December 31, 1-6 nights $ 457,380 7-29 nights 261,674 30+ nights 518,257 Total room revenues from owned hotels (1) $ 1,237,311 _________________________________ (1) In addition to room revenues, the Company’s owned earned $21.9 million of other hotel revenues during the year ended December 31, 2018 . The following table disaggregates revenues from franchised and managed hotels for the year ended December 31, 2018 (in thousands): December 31, Management fees $ 1,175 Franchise fees 2,135 Indirect reimbursements (system service fees) 2,444 Direct reimbursements 10,123 Total revenues from franchised and managed hotels $ 15,877 Outstanding Contract Liabilities Contract liabilities relate to advanced deposits and deferred revenue with respect to owned hotels and, with respect to third-party owned hotels, advance consideration received, such as initial franchise fees paid when a franchise agreement is executed and certain system implementation fees paid at the time of installation. Contract liabilities are included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets. The following table presents outstanding contract liabilities and the amount of outstanding January 1, 2018 contract liabilities that were recognized as revenue during the year ended December 31, 2018 (in thousands): Outstanding Contract Liabilities Outstanding Contract Liabilities as of January 1, 2018 Recognized as Revenue As of December 31, 2018 $ 13,829 As of January 1, 2018 $ 9,284 For the year ended December 31, 2018 $ 8,819 Performance Obligations As of December 31, 2018 , $8.9 million of the outstanding contract liabilities related to owned hotels and $4.9 million related to third-party owned (i.e., franchised) hotels. The Company does not estimate revenues expected to be recognized related to unsatisfied performance obligations for royalty fees, system service fees or management fees, as they are considered either sales-based fees or allocated to wholly unsatisfied performance obligations in a series. Performance obligations related to owned hotels are expected to be satisfied within less than one year. Performance obligations related to third-party owned (i.e., franchised) hotels are expected to be satisfied over the term of the respective franchise agreements, which are typically 20 years . |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Subsequent Events | SUBSEQUENT EVENTS Effective January 1, 2019, the Boards of Directors of the Corporation and ESH REIT authorized an extension of the maturity date of the Paired Share repurchase program through December 31, 2019. On February 27, 2019 , the Board of Directors of the Corporation declared a cash distribution of $0.07 per share for the fourth quarter of 2018 on its common stock. This distribution is payable on March 28, 2019 to shareholders of record as of March 14, 2019 . Also on February 27, 2019 , the Board of Directors of ESH REIT declared a cash distribution of $0.15 per share for the fourth quarter of 2018 on its Class A and Class B common stock. This distribution is also payable on March 28, 2019 to shareholders of record as of March 14, 2019 . |
ESH REIT | |
Entity Information [Line Items] | |
Subsequent Events | SUBSEQUENT EVENTS Effective January 1, 2019, the Boards of Directors of the Corporation and ESH REIT authorized an extension of the maturity date of the Paired Share repurchase program through December 31, 2019. On February 27, 2019 , the Board of Directors of ESH REIT declared a cash distribution of $0.15 per share for the fourth quarter of 2018 on its Class A and Class B common stock. The distribution is payable on March 28, 2019 to shareholders of record as of March 14, 2019 . |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2018 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in 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, 2018 (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Hotel Properties: Anchorage - Downtown Anchorage, AK (4 ) $ 723 $ 8,791 $ 137 $ — $ 84 $ 817 $ 1,211 $ — $ 807 $ 9,608 $ 1,348 $ — $ 11,763 $ (3,481 ) 10/8/2010 2003 43 Anchorage - Midtown Anchorage, AK (4 ) 2,600 20,740 240 — 103 983 1,663 — 2,703 21,723 1,903 — 26,329 (6,385 ) 10/8/2010 2004 45 Fairbanks - Old Airport Way Fairbanks, AK (4 ) 2,978 12,016 98 — 160 969 1,110 — 3,138 12,985 1,208 — 17,331 (4,252 ) 10/8/2010 2001 40 Juneau - Shell Simmons Drive Juneau, AK (4 ) 2,979 12,135 132 — 98 820 1,057 — 3,077 12,955 1,189 — 17,221 (3,955 ) 10/8/2010 2001 41 Birmingham - Inverness Birmingham, AL (4 ) 359 688 33 — 35 556 972 — 394 1,244 1,005 — 2,643 (908 ) 10/8/2010 1996 26 Birmingham - Perimeter Park South Birmingham, AL (4 ) 1,737 3,218 53 — 90 898 1,197 — 1,827 4,116 1,250 — 7,193 (1,796 ) 10/8/2010 1998 33 Birmingham - Wildwood Birmingham, AL (4 ) 385 1,890 33 — 124 474 1,087 — 509 2,364 1,120 — 3,993 (1,375 ) 10/8/2010 1996 26 Huntsville - U.S. Space and Rocket Center Huntsville, AL (4 ) 770 5,385 39 — 78 718 898 — 848 6,103 937 — 7,888 (2,196 ) 10/8/2010 1997 32 Mobile - Spring Hill Mobile, AL (4 ) 1,185 7,479 41 — 90 775 1,122 — 1,275 8,254 1,163 — 10,692 (2,963 ) 10/8/2010 1997 32 Montgomery - Carmichael Rd. Montgomery, AL (4 ) 1,045 — 35 — 117 462 927 — 1,162 462 962 — 2,586 (844 ) 10/8/2010 1996 (6) Montgomery - Eastern Blvd. Montgomery, AL (4 ) 600 4,231 44 — 93 430 998 — 693 4,661 1,042 — 6,396 (2,198 ) 10/8/2010 1997 32 Little Rock - Financial Centre Parkway Little Rock, AR (4 ) 1,630 2,916 46 — 86 1,026 1,214 — 1,716 3,942 1,260 — 6,918 (1,894 ) 10/8/2010 1996 31 Little Rock - West Little Rock Little Rock, AR (4 ) 1,708 1,931 39 — 60 680 1,133 — 1,768 2,611 1,172 — 5,551 (1,622 ) 10/8/2010 1997 27 Fayetteville - Springdale Springdale, AR (4 ) 1,460 — 55 — 123 705 1,014 — 1,583 705 1,069 — 3,357 (1,177 ) 10/8/2010 2001 (6) Phoenix - Mesa Mesa, AZ (4 ) 1,098 2,347 38 — 86 880 1,101 — 1,184 3,227 1,139 — 5,550 (1,590 ) 10/8/2010 1997 37 Phoenix - Mesa - West Mesa, AZ (4 ) 1,305 2,589 44 — 85 1,036 1,174 — 1,390 3,625 1,218 — 6,233 (1,719 ) 10/8/2010 1997 32 Phoenix - Peoria Peoria, AZ (4 ) 1,229 3,741 38 — 51 484 855 — 1,280 4,225 893 — 6,398 (1,756 ) 10/8/2010 1998 39 Phoenix - Airport Phoenix, AZ (4 ) 1,764 408 38 — 59 592 927 — 1,823 1,000 965 — 3,788 (1,199 ) 10/8/2010 1998 40 Phoenix - Airport - E. Oak St. Phoenix, AZ (4 ) 1,623 1,109 57 — 138 929 1,531 — 1,761 2,038 1,588 — 5,387 (1,559 ) 10/8/2010 1997 36 Phoenix - Biltmore Phoenix, AZ (4 ) 1,191 1,372 50 — 116 713 1,284 — 1,307 2,085 1,334 — 4,726 (1,761 ) 10/8/2010 1997 37 Phoenix - Deer Valley Phoenix, AZ (4 ) 945 2,092 39 — 61 529 1,050 — 1,006 2,621 1,089 — 4,716 (1,629 ) 10/8/2010 1998 38 Phoenix - Midtown Phoenix, AZ (4 ) 1,195 3,918 59 — 143 1,178 1,669 — 1,338 5,096 1,728 — 8,162 (2,700 ) 10/8/2010 1998 39 Phoenix - Scottsdale Scottsdale, AZ (4 ) 1,655 3,691 46 — 143 651 1,269 — 1,798 4,342 1,315 — 7,455 (2,143 ) 10/8/2010 1997 37 Phoenix - Scottsdale - North Scottsdale, AZ (4 ) 1,476 4,266 43 — 48 736 964 — 1,524 5,002 1,007 — 7,533 (2,252 ) 10/8/2010 1997 32 Phoenix - Scottsdale - Old Town Scottsdale, AZ (4 ) 1,605 2,564 43 — 115 1,035 1,274 — 1,720 3,599 1,317 — 6,636 (2,178 ) 10/8/2010 1995 30 Phoenix - Airport - Tempe Tempe, AZ (4 ) 1,228 3,249 46 — 139 662 1,260 — 1,367 3,911 1,306 — 6,584 (1,817 ) 10/8/2010 1999 39 Tucson - Grant Road Tucson, AZ (4 ) 1,780 5,364 43 — 78 869 1,136 — 1,858 6,233 1,179 — 9,270 (2,516 ) 10/8/2010 1997 32 Oakland - Alameda Alameda, CA (4 ) 5,165 9,134 57 — 145 888 2,083 — 5,310 10,022 2,140 — 17,472 (3,348 ) 10/8/2010 2000 40 Oakland - Alameda Airport Alameda, CA (4 ) 3,197 3,067 55 — 53 724 1,271 — 3,250 3,791 1,326 — 8,367 (1,998 ) 10/8/2010 1999 40 San Jose - Santa Clara Alviso, CA (4 ) 5,036 2,681 64 — 118 622 957 — 5,154 3,303 1,021 — 9,478 (1,687 ) 10/8/2010 2001 41 Orange County - Anaheim Convention Center Anaheim, CA (4 ) 4,439 3,574 73 — 95 1,050 1,359 — 4,534 4,624 1,432 — 10,590 (2,227 ) 10/8/2010 2001 41 Orange County - Anaheim Hills Anaheim, CA (4 ) 4,779 2,040 98 — 46 854 1,031 — 4,825 2,894 1,129 — 8,848 (1,666 ) 10/8/2010 2002 42 Los Angeles - Arcadia Arcadia, CA (4 ) 4,577 3,647 45 — 240 938 1,306 — 4,817 4,585 1,351 — 10,753 (2,273 ) 10/8/2010 1998 38 Bakersfield - California Avenue Bakersfield, CA (4 ) 1,186 2,153 43 — 247 843 1,185 — 1,433 2,996 1,228 — 5,657 (1,937 ) 10/8/2010 1996 31 Bakersfield - Chester Lane Bakersfield, CA (4 ) 1,002 4,514 142 — 63 478 822 — 1,065 4,992 964 — 7,021 (2,009 ) 10/8/2010 2005 45 San Francisco - Belmont Belmont, CA (4 ) 2,910 7,236 103 — 61 465 1,705 — 2,971 7,701 1,808 — 12,480 (2,503 ) 10/8/2010 2003 43 Orange County - Brea Brea, CA (4 ) 5,199 4,778 50 — 130 1,180 1,441 — 5,329 5,958 1,491 — 12,778 (3,112 ) 10/8/2010 1998 33 Los Angeles - Burbank Airport Burbank, CA (4 ) 6,120 9,690 106 — 89 1,004 1,607 — 6,209 10,694 1,713 — 18,616 (3,662 ) 10/8/2010 2001 41 San Diego - Carlsbad Village by the Sea Carlsbad, CA (4 ) 4,783 7,618 96 — 135 736 1,124 — 4,918 8,354 1,220 — 14,492 (2,861 ) 10/8/2010 2002 42 Los Angeles - Carson Carson, CA (4 ) 5,430 2,173 138 — 224 525 963 — 5,654 2,698 1,101 — 9,453 (1,601 ) 10/8/2010 2004 44 Los Angeles - Chino Valley Chino, CA (4 ) 1,288 3,297 108 — 75 496 1,124 — 1,363 3,793 1,232 — 6,388 (1,934 ) 10/8/2010 2004 44 Orange County - Cypress Cypress, CA (4 ) 5,543 4,484 59 — 79 827 1,262 — 5,622 5,311 1,321 — 12,254 (2,545 ) 10/8/2010 1998 38 Dublin - Hacienda Dr. Dublin, CA (4 ) 3,377 4,243 52 — 86 689 1,024 — 3,463 4,932 1,076 — 9,471 (2,162 ) 10/8/2010 2000 40 Los Angeles - LAX Airport - El Segundo El Segundo, CA (4 ) 9,922 5,598 68 — 133 1,108 1,638 — 10,055 6,706 1,706 — 18,467 (3,303 ) 10/8/2010 1998 33 Sacramento - Elk Grove Elk Grove, CA (4 ) 941 2,290 89 — 53 510 925 — 994 2,800 1,014 — 4,808 (1,553 ) 10/8/2010 2003 43 Fairfield - Napa Valley Fairfield, CA (4 ) 1,490 6,066 135 — 80 434 863 — 1,570 6,500 998 — 9,068 (2,340 ) 10/8/2010 2004 44 Fremont - Fremont Blvd. South Fremont, CA (4 ) 2,928 5,364 56 — 140 1,034 1,730 — 3,068 6,398 1,786 — 11,252 (2,678 ) 10/8/2010 1999 39 Fremont - Newark Fremont, CA (4 ) 7,370 6,048 101 — 498 1,623 3,233 — 7,868 7,671 3,334 — 18,873 (3,829 ) 10/8/2010 1999 41 Fremont - Warm Springs Fremont, CA (4 ) 5,114 1,271 58 — 78 588 941 — 5,192 1,859 999 — 8,050 (1,408 ) 10/8/2010 2001 41 Fresno - North Fresno, CA (4 ) 1,988 6,753 43 — 67 666 917 — 2,055 7,419 960 — 10,434 (2,894 ) 10/8/2010 1997 32 Los Angeles - South Gardena, CA (4 ) 3,977 3,909 51 — 91 681 1,174 — 4,068 4,590 1,225 — 9,883 (2,591 ) 10/8/2010 1998 28 Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2018 (continued) (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Los Angeles - Glendale Glendale, CA (4 ) 4,689 5,746 55 — 46 655 1,159 — 4,735 6,401 1,214 — 12,350 (2,500 ) 10/8/2010 1999 39 Orange County - Huntington Beach Huntington Beach, CA (4 ) 4,499 5,131 38 — 77 795 992 — 4,576 5,926 1,030 — 11,532 (2,376 ) 10/8/2010 1998 38 Orange County - Irvine Spectrum Irvine, CA (4 ) 7,355 5,703 54 — 177 850 1,541 — 7,532 6,553 1,595 — 15,680 (3,306 ) 10/8/2010 1997 32 Los Angeles - La Mirada La Mirada, CA (4 ) 3,681 2,557 39 — 36 823 1,047 — 3,717 3,380 1,086 — 8,183 (1,816 ) 10/8/2010 1998 38 Orange County - Lake Forest Lake Forest, CA (4 ) 5,530 2,182 43 — 100 856 1,044 — 5,630 3,038 1,087 — 9,755 (1,738 ) 10/8/2010 1997 37 Livermore - Airway Blvd. Livermore, CA (4 ) 2,553 3,576 44 — 61 759 1,174 — 2,614 4,335 1,218 — 8,167 (2,093 ) 10/8/2010 1998 38 Los Angeles - Long Beach Airport Long Beach, CA (4 ) 5,626 6,872 47 — 97 765 1,138 — 5,723 7,637 1,185 — 14,545 (2,878 ) 10/8/2010 1997 37 Los Angeles - LAX Airport Los Angeles, CA (4 ) 4,770 7,879 56 — 66 985 1,603 — 4,836 8,864 1,659 — 15,359 (3,270 ) 10/8/2010 1999 39 San Jose - Milpitas Milpitas, CA (4 ) 6,602 4,064 51 — 335 746 1,615 — 6,937 4,810 1,666 — 13,413 (2,355 ) 10/8/2010 1998 38 San Jose - Milpitas - McCarthy Ranch Milpitas, CA (4 ) 6,844 7,392 57 — 144 1,733 2,720 — 6,988 9,125 2,777 — 18,890 (4,140 ) 10/8/2010 1997 32 Los Angeles - Monrovia Monrovia, CA (4 ) 3,884 4,929 57 — 118 943 1,263 — 4,002 5,872 1,320 — 11,194 (2,750 ) 10/8/2010 1998 38 San Jose - Morgan Hill Morgan Hill, CA (4 ) 4,283 2,018 36 — 104 794 1,064 — 4,387 2,812 1,100 — 8,299 (1,637 ) 10/8/2010 1998 38 San Jose - Mountain View Mountain View, CA (4 ) 6,657 4,458 47 — 130 882 2,200 — 6,787 5,340 2,247 — 14,374 (2,609 ) 10/8/2010 1997 32 Orange County - John Wayne Airport Newport Beach, CA (4 ) 6,881 10,663 98 — 78 1,134 1,335 — 6,959 11,797 1,433 — 20,189 (3,886 ) 10/8/2010 2001 41 Los Angeles - Northridge Northridge, CA (4 ) 5,167 5,391 163 — 104 651 1,242 — 5,271 6,042 1,405 — 12,718 (2,387 ) 10/8/2010 2005 45 Oakland - Emeryville Oakland, CA (4 ) 3,927 9,132 117 — 548 675 1,539 — 4,475 9,807 1,656 — 15,938 (3,364 ) 10/8/2010 2001 41 San Diego - Oceanside Oceanside, CA (4 ) 4,271 5,999 43 — 134 746 1,262 — 4,405 6,745 1,305 — 12,455 (2,566 ) 10/8/2010 1999 39 Los Angeles - Ontario Airport Ontario, CA (4 ) 1,639 6,138 46 — 124 1,028 1,237 — 1,763 7,166 1,283 — 10,212 (2,703 ) 10/8/2010 1997 37 Orange County - Katella Ave. Orange, CA (4 ) 3,976 5,704 74 — 71 1,034 1,228 — 4,047 6,738 1,302 — 12,087 (2,566 ) 10/8/2010 2001 41 Palm Springs - Airport Palm Springs, CA (4 ) 1,955 3,506 98 — 341 749 1,168 — 2,296 4,255 1,266 — 7,817 (1,973 ) 10/8/2010 2003 43 Pleasant Hill - Buskirk Ave. Pleasant Hill, CA (4 ) 3,786 7,754 44 — 98 759 1,307 — 3,884 8,513 1,351 — 13,748 (2,992 ) 10/8/2010 1997 37 Pleasanton - Chabot Dr. Pleasanton, CA (4 ) 3,039 5,910 55 — 99 971 1,384 — 3,138 6,881 1,439 — 11,458 (2,875 ) 10/8/2010 1998 38 Sacramento - White Rock Rd. Rancho Cordova, CA (4 ) 1,301 2,717 47 — 112 944 1,250 — 1,413 3,661 1,297 — 6,371 (2,161 ) 10/8/2010 1997 32 Richmond - Hilltop Mall Richmond, CA (4 ) 2,232 4,124 51 — 78 657 1,200 — 2,310 4,781 1,251 — 8,342 (1,910 ) 10/8/2010 2000 40 Sacramento - Roseville Roseville, CA (4 ) 1,125 5,233 45 — 114 624 1,012 — 1,239 5,857 1,057 — 8,153 (2,426 ) 10/8/2010 1998 38 Sacramento - Arden Way Sacramento, CA (4 ) 888 2,349 45 — 152 1,192 1,138 — 1,040 3,541 1,183 — 5,764 (1,802 ) 10/8/2010 1997 32 Sacramento - Northgate Sacramento, CA (4 ) 932 2,359 44 — 208 831 1,172 — 1,140 3,190 1,216 — 5,546 (1,815 ) 10/8/2010 1997 32 Sacramento - South Natomas Sacramento, CA (4 ) 1,460 823 51 — 66 1,094 1,470 — 1,526 1,917 1,521 — 4,964 (1,860 ) 10/8/2010 1998 33 San Francisco - San Carlos San Carlos, CA (4 ) 4,233 5,299 49 — 113 871 1,338 — 4,346 6,170 1,387 — 11,903 (2,721 ) 10/8/2010 1998 38 San Diego - Hotel Circle San Diego, CA (4 ) 6,893 9,935 68 — 416 1,204 1,685 — 7,309 11,139 1,753 — 20,201 (4,088 ) 10/8/2010 1999 39 San Diego - Mission Valley - Stadium San Diego, CA (4 ) 6,978 1,797 85 — 46 648 1,045 — 7,024 2,445 1,130 — 10,599 (1,606 ) 10/8/2010 2002 42 San Diego - Fashion Valley San Diego, CA (4 ) 5,371 5,639 49 — 107 931 1,547 — 5,478 6,570 1,596 — 13,644 (3,307 ) 10/8/2010 1997 32 Los Angeles - San Dimas San Dimas, CA (4 ) 4,736 991 42 — 65 736 1,055 — 4,801 1,727 1,097 — 7,625 (1,463 ) 10/8/2010 1999 39 San Jose - Airport San Jose, CA (4 ) 8,118 5,912 75 — 169 1,116 2,609 — 8,287 7,028 2,684 — 17,999 (3,056 ) 10/8/2010 2000 40 San Jose - Downtown San Jose, CA (4 ) 6,480 6,070 53 — 344 1,396 1,730 — 6,824 7,466 1,783 — 16,073 (3,087 ) 10/8/2010 1998 38 San Jose - Edenvale - North San Jose, CA (4 ) 5,087 3,649 56 — 70 935 1,255 — 5,157 4,584 1,311 — 11,052 (1,997 ) 10/8/2010 2000 40 San Jose - Edenvale - South San Jose, CA (4 ) 5,359 3,832 83 — 118 776 1,483 — 5,477 4,608 1,566 — 11,651 (2,341 ) 10/8/2010 2000 41 San Francisco - San Mateo - SFO San Mateo, CA (4 ) 7,369 6,704 50 — 144 1,016 2,287 — 7,513 7,720 2,337 — 17,570 (3,088 ) 10/8/2010 1997 32 San Rafael - Francisco Blvd. East San Rafael, CA (4 ) 3,129 13,822 378 — 104 620 1,122 — 3,233 14,442 1,500 — 19,175 (4,169 ) 10/8/2010 2007 47 San Ramon - Bishop Ranch - East San Ramon, CA (4 ) 3,721 5,226 59 — 129 771 1,816 — 3,850 5,997 1,875 — 11,722 (2,363 ) 10/8/2010 2000 40 San Ramon - Bishop Ranch - West San Ramon, CA (4 ) 3,098 2,886 55 — 98 758 1,463 — 3,196 3,644 1,518 — 8,358 (2,516 ) 10/8/2010 1998 33 Santa Barbara - Calle Real Santa Barbara, CA (4 ) 3,301 8,709 41 — 110 753 1,048 — 3,411 9,462 1,089 — 13,962 (3,027 ) 10/8/2010 1998 38 Santa Rosa - North Santa Rosa, CA (4 ) 3,053 6,086 46 — 68 539 898 — 3,121 6,625 944 — 10,690 (2,112 ) 10/8/2010 2000 40 Santa Rosa - South Santa Rosa, CA (4 ) 1,592 4,998 41 — 109 783 1,221 — 1,701 5,781 1,262 — 8,744 (2,459 ) 10/8/2010 1997 32 Los Angeles - Simi Valley Simi Valley, CA (4 ) 3,088 7,175 113 — 188 652 998 — 3,276 7,827 1,111 — 12,214 (2,810 ) 10/8/2010 2004 44 San Diego - Sorrento Mesa San Diego, CA (4 ) 6,441 6,020 49 — 179 781 1,252 — 6,620 6,801 1,301 — 14,722 (3,166 ) 10/8/2010 1998 33 Los Angeles - Valencia Stevenson Ranch, CA (4 ) 9,414 — 20 — 98 1,058 1,102 — 9,512 1,058 1,122 — 11,692 (1,113 ) 10/8/2010 2000 (6) Stockton - March Lane Stockton, CA (4 ) 2,299 3,558 55 — 111 420 911 — 2,410 3,978 966 — 7,354 (1,735 ) 10/8/2010 2001 41 San Jose - Sunnyvale Sunnyvale, CA (4 ) 6,051 5,019 50 — 191 1,426 1,502 — 6,242 6,445 1,552 — 14,239 (2,890 ) 10/8/2010 1997 32 Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2018 (continued) (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Temecula - Wine Country Temecula, CA (4 ) 1,489 8,153 79 — 69 669 1,188 — 1,558 8,822 1,267 — 11,647 (2,944 ) 10/8/2010 2002 42 Los Angeles - Torrance - Del Amo Circle Torrance, CA (4 ) 5,953 4,361 78 — 96 752 1,357 — 6,049 5,113 1,435 — 12,597 (2,654 ) 10/8/2010 1999 39 Los Angeles - Torrance Blvd. Torrance, CA (4 ) 3,761 6,296 43 — 68 839 1,072 — 3,829 7,135 1,115 — 12,079 (2,758 ) 10/8/2010 1997 37 Los Angeles - Torrance Harbor Gateway Torrance, CA (4 ) 4,625 4,747 49 — 123 738 1,015 — 4,748 5,485 1,064 — 11,297 (2,284 ) 10/8/2010 1999 39 Stockton - Tracy Tracy, CA (4 ) 2,344 3,434 96 — 102 464 863 — 2,446 3,898 959 — 7,303 (1,804 ) 10/8/2010 2003 43 Union City - Dyer St. Union City, CA (4 ) 2,907 6,359 51 — 205 962 1,998 — 3,112 7,321 2,049 — 12,482 (2,847 ) 10/8/2010 1999 39 Sacramento - Vacaville Vacaville, CA (4 ) 809 3,179 76 — 93 772 1,089 — 902 3,951 1,165 — 6,018 (1,769 ) 10/8/2010 2002 42 Sacramento - West Sacramento West Sacramento, CA (4 ) 1,292 3,395 134 — 69 423 1,038 — 1,361 3,818 1,172 — 6,351 (1,827 ) 10/8/2010 2004 44 Los Angeles - Woodland Hills Woodland Hills, CA (4 ) 5,452 7,561 69 — 117 1,077 1,916 — 5,569 8,638 1,985 — 16,192 (3,509 ) 10/8/2010 2000 40 Orange County - Yorba Linda Yorba Linda, CA (4 ) 3,443 2,020 106 — 54 606 1,013 — 3,497 2,626 1,119 — 7,242 (1,573 ) 10/8/2010 2003 43 Denver - Aurora South Aurora, CO (4 ) 2,415 2,958 48 — 187 1,035 1,421 — 2,602 3,993 1,469 — 8,064 (2,057 ) 10/8/2010 1996 31 Denver - Aurora North Aurora, CO (4 ) 2,706 6,047 65 — 71 1,493 1,615 — 2,777 7,540 1,680 — 11,997 (3,067 ) 10/8/2010 1997 39 Colorado Springs - West Colorado Springs, CO (4 ) 3,338 1,325 41 — 119 529 856 — 3,457 1,854 897 — 6,208 (1,066 ) 10/8/2010 1998 39 Denver - Tech Center South Englewood, CO (4 ) 1,714 978 46 — 129 574 970 — 1,843 1,552 1,016 — 4,411 (916 ) 10/8/2010 1998 40 Denver - Tech Center South - Inverness Englewood, CO (4 ) 2,941 1,340 46 — 186 1,396 1,210 — 3,127 2,736 1,256 — 7,119 (1,539 ) 10/8/2010 1997 32 Denver - Cherry Creek Glendale, CO (4 ) 1,856 2,713 40 — 173 900 1,337 — 2,029 3,613 1,377 — 7,019 (2,236 ) 10/8/2010 1997 32 Denver - Tech Center - Central Greenwood Village, CO (4 ) 2,392 1,286 51 — 197 1,170 1,490 — 2,589 2,456 1,541 — 6,586 (2,344 ) 10/8/2010 1997 34 Denver - Tech Center South - Greenwood Village Greenwood Village, CO (4 ) 1,767 2,278 110 — 165 815 1,169 — 1,932 3,093 1,279 — 6,304 (1,575 ) 10/8/2010 2003 44 Denver - Lakewood South Lakewood, CO (4 ) 2,338 3,348 43 — 140 840 1,199 — 2,478 4,188 1,242 — 7,908 (2,269 ) 10/8/2010 1996 31 Denver - Park Meadows Lone Tree, CO (4 ) 1,578 3,467 78 — 148 618 1,011 — 1,726 4,085 1,089 — 6,900 (1,958 ) 10/8/2010 2002 42 Denver - Westminster Westminster, CO (4 ) 2,779 4,683 49 — 270 728 1,041 — 3,049 5,411 1,090 — 9,550 (2,094 ) 10/8/2010 2000 40 Hartford - Farmington Farmington, CT (4 ) 1,080 6,003 65 — 108 589 903 — 1,188 6,592 968 — 8,748 (2,116 ) 10/8/2010 1998 39 Hartford - Manchester Manchester, CT (4 ) 1,002 6,723 67 — 88 702 945 — 1,090 7,425 1,012 — 9,527 (2,692 ) 10/8/2010 2001 41 Hartford - Meriden Meriden, CT (4 ) 687 6,207 81 — 133 537 973 — 820 6,744 1,054 — 8,618 (2,579 ) 10/8/2010 2002 42 Norwalk - Stamford Norwalk, CT (4 ) 2,866 12,533 64 — 170 897 1,423 — 3,036 13,430 1,487 — 17,953 (4,451 ) 10/8/2010 1999 39 Shelton - Fairfield County Shelton, CT (4 ) 2,001 11,314 60 — 100 1,119 1,268 — 2,101 12,433 1,328 — 15,862 (4,280 ) 10/8/2010 1998 38 Newark - Christiana - Wilmington Newark, DE (4 ) 1,473 7,617 61 — 158 1,112 1,318 — 1,631 8,729 1,379 — 11,739 (3,274 ) 10/8/2010 1998 38 Orlando - Altamonte Springs Altamonte Springs, FL (4 ) 5,421 — 25 — 87 867 1,304 — 5,508 867 1,329 — 7,704 (1,057 ) 10/8/2010 1998 (6) Boca Raton - Commerce Boca Raton, FL (4 ) 5,920 3,219 56 — 137 1,378 1,313 — 6,057 4,597 1,369 — 12,023 (2,458 ) 10/8/2010 1998 33 Tampa - Brandon Brandon, FL (4 ) 3,709 3,540 696 — 195 898 883 — 3,904 4,438 1,579 — 9,921 (3,035 ) 12/13/2012 1997 26 St. Petersburg - Clearwater - Executive Dr. Clearwater, FL (4 ) 1,951 3,062 39 — 57 621 895 — 2,008 3,683 934 — 6,625 (1,850 ) 10/8/2010 1998 38 Clearwater - Carillon Park Clearwater, FL (4 ) 1,679 2,926 489 — 158 957 869 — 1,837 3,883 1,358 — 7,078 (2,563 ) 12/13/2012 1997 22 Fort Lauderdale - Davie Davie, FL (4 ) 5,014 3,117 492 — 166 1,009 1,186 — 5,180 4,126 1,678 — 10,984 (2,316 ) 12/13/2012 1997 23 Daytona Beach - International Speedway Daytona Beach, FL (4 ) 987 3,972 45 — 99 474 1,170 — 1,086 4,446 1,215 — 6,747 (1,612 ) 10/8/2010 1998 41 Fort Lauderdale - Deerfield Beach Deerfield Beach, FL (4 ) 2,885 3,421 38 — 145 622 1,024 — 3,030 4,043 1,062 — 8,135 (1,902 ) 10/8/2010 1997 37 Destin - US 98 - Emerald Coast Pkwy. Destin, FL (4 ) 1,149 2,528 96 — 117 1,631 866 — 1,266 4,159 962 — 6,387 (2,048 ) 10/8/2010 2001 48 Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2018 (continued) (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Fort Lauderdale - Convention Center - Cruise Port Fort Lauderdale, FL (4 ) 3,441 7,008 71 — 74 1,013 1,339 — 3,515 8,021 1,410 — 12,946 (3,064 ) 10/8/2010 1999 39 Fort Lauderdale - Cypress Creek - Andrews Ave. Fort Lauderdale, FL (4 ) 2,761 2,685 41 — 151 652 1,174 — 2,912 3,337 1,215 — 7,464 (1,699 ) 10/8/2010 1998 33 Fort Lauderdale - Cypress Creek - NW 6th Way Fort Lauderdale, FL (4 ) 2,480 751 62 — 87 831 1,131 — 2,567 1,582 1,193 — 5,342 (1,103 ) 10/8/2010 1999 42 Fort Lauderdale - Plantation Fort Lauderdale, FL (4 ) 6,352 2,252 61 — 139 782 1,029 — 6,491 3,034 1,090 — 10,615 (1,558 ) 10/8/2010 2000 40 Gainesville - I-75 Gainesville, FL (4 ) 846 6,416 44 — 59 754 996 — 905 7,170 1,040 — 9,115 (2,535 ) 10/8/2010 1997 32 Jacksonville - Baymeadows Jacksonville, FL (4 ) 1,163 2,662 48 — 88 877 1,415 — 1,251 3,539 1,463 — 6,253 (1,647 ) 10/8/2010 1998 38 Jacksonville - Lenoir Avenue East Jacksonville, FL (4 ) 969 1,057 63 — 79 687 1,125 — 1,048 1,744 1,188 — 3,980 (1,228 ) 10/8/2010 1997 37 Jacksonville - Deerwood Park Jacksonville, FL (4 ) 943 3,910 66 — 142 999 1,522 — 1,085 4,909 1,588 — 7,582 (2,179 ) 10/8/2010 1999 40 Jacksonville - Lenoir Avenue South Jacksonville, FL (4 ) 842 1,862 47 — 50 561 917 — 892 2,423 964 — 4,279 (1,086 ) 10/8/2010 1998 44 Jacksonville - Riverwalk - Convention Center Jacksonville, FL (4 ) 593 3,693 52 — 100 737 987 — 693 4,430 1,039 — 6,162 (2,072 ) 10/8/2010 2000 40 Jacksonville - Salisbury Rd. - Southpoint Jacksonville, FL (4 ) 727 720 52 — 130 2,045 1,216 — 857 2,765 1,268 — 4,890 (2,070 ) 10/8/2010 1999 39 Jacksonville - Southside - St. Johns Towne Ctr. Jacksonville, FL (4 ) 925 2,679 47 — 108 1,163 1,229 — 1,033 3,842 1,276 — 6,151 (1,727 ) 10/8/2010 1997 32 Orlando - Lake Mary - 1036 Greenwood Blvd Lake Mary, FL (4 ) 2,229 — 19 — 61 556 833 — 2,290 556 852 — 3,698 (832 ) 10/8/2010 2000 (6) Orlando - Lake Mary - 1040 Greenwood Blvd Lake Mary, FL (4 ) 2,685 — 25 — 120 897 1,148 — 2,805 897 1,173 — 4,875 (951 ) 10/8/2010 1998 (6) Melbourne - Airport Melbourne, FL (4 ) 1,423 4,160 53 — 76 547 988 — 1,499 4,707 1,041 — 7,247 (1,763 ) 10/8/2010 1998 39 Miami - Airport - Blue Lagoon Miami, FL (4 ) 9,702 4,910 70 — 101 1,380 1,574 — 9,803 6,290 1,644 — 17,737 (3,156 ) 10/8/2010 1998 33 Miami - Airport - Doral Miami, FL (4 ) 10,164 4,188 1,131 — 254 1,319 791 — 10,418 5,507 1,922 — 17,847 (3,706 ) 12/13/2012 1997 26 Miami - Airport - Doral - 87th Avenue South Miami, FL (4 ) 4,451 7,542 92 — 67 965 1,049 — 4,518 8,507 1,141 — 14,166 (2,914 ) 10/8/2010 2001 41 Miami - Airport - Doral - 25th Street Miami, FL (4 ) 4,135 5,307 125 — 76 952 1,372 — 4,211 6,259 1,497 — 11,967 (2,666 ) 10/8/2010 2002 42 Miami - Airport - Miami Springs Miami, FL (4 ) 8,014 3,657 71 — 101 2,723 1,121 — 8,115 6,380 1,192 — 15,687 (3,090 ) 10/8/2010 1998 40 Miami - Downtown Brickell - Cruise Port Miami, FL (4 ) 3,323 7,312 85 — 106 1,056 1,275 — 3,429 8,368 1,360 — 13,157 (2,995 ) 10/8/2010 2001 41 Miami - Coral Gables Miami, FL (4 ) 2,866 7,211 76 — 84 899 1,258 — 2,950 8,110 1,334 — 12,394 (2,906 ) 10/8/2010 2001 41 Orlando - Convention Center - 6443 Westwood Orlando, FL (4 ) 2,472 2,071 68 — 117 840 1,253 — 2,589 2,911 1,321 — 6,821 (2,026 ) 10/8/2010 1999 43 Orlando - Convention Center - Universal Blvd. Orlando, FL (4 ) 3,326 3,097 58 — 197 1,000 1,818 — 3,523 4,097 1,876 — 9,496 (2,901 ) 10/8/2010 1998 38 Orlando - Convention Ctr - Sports Complex Orlando, FL (4 ) 2,767 1,466 43 — 111 860 1,074 — 2,878 2,326 1,117 — 6,321 (1,746 ) 10/8/2010 1997 37 Orlando - Lake Buena Vista Orlando, FL (4 ) 4,137 — 30 — 191 999 1,736 — 4,328 999 1,766 — 7,093 (2,109 ) 10/8/2010 1998 (6) Orlando - Maitland - 1776 Pembrook Dr. Orlando, FL (4 ) 2,103 807 74 — 57 524 994 — 2,160 1,331 1,068 — 4,559 (1,000 ) 10/8/2010 2000 45 Orlando - Maitland - Summit Tower Blvd Orlando, FL (4 ) 3,577 — 65 — 122 946 1,546 — 3,699 946 1,611 — 6,256 (1,194 ) 10/8/2010 1998 (6) Orlando - Maitland - 1760 Pembrook Dr. Orlando, FL (4 ) 2,133 1,347 41 — 35 464 911 — 2,168 1,811 952 — 4,931 (1,170 ) 10/8/2010 1999 39 Orlando - Southpark - Commodity Circle Orlando, FL (4 ) 3,483 2,051 64 — 120 992 1,564 — 3,603 3,043 1,628 — 8,274 (1,974 ) 10/8/2010 1999 40 Orlando - Southpark - Equity Row Orlando, FL (4 ) 2,854 432 49 — 91 816 1,438 — 2,945 1,248 1,487 — 5,680 (1,261 ) 10/8/2010 1998 38 Orlando - Orlando Theme Parks - Vineland Rd. Orlando, FL (4 ) 2,813 2,874 66 — 128 623 1,194 — 2,941 3,497 1,260 — 7,698 (1,999 ) 10/8/2010 1998 42 Orlando - Orlando Theme Parks - Major Blvd. Orlando, FL (4 ) 3,349 3,190 52 — 150 780 1,188 — 3,499 3,970 1,240 — 8,709 (2,131 ) 10/8/2010 1999 39 Pensacola - University Mall Pensacola, FL (4 ) 934 4,059 38 — 70 567 1,029 — 1,004 4,626 1,067 — 6,697 (1,825 ) 10/8/2010 1997 37 Fort Lauderdale - Cypress Creek - Park North Pompano Beach, FL (4 ) 3,567 2,828 65 — 147 2,037 1,721 — 3,714 4,865 1,786 — 10,365 (2,988 ) 10/8/2010 1998 38 Tallahassee - Killearn Tallahassee, FL (4 ) 356 1,769 29 — 87 1,066 832 — 443 2,835 861 — 4,139 (1,311 ) 10/8/2010 1998 28 Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2018 (continued) (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Fort Lauderdale - Tamarac Tamarac, FL (4 ) 3,709 3,054 712 — 128 1,656 971 — 3,837 4,710 1,683 — 10,230 (2,818 ) 12/13/2012 1997 21 Tampa - Airport - Memorial Hwy. Tampa, FL (4 ) 2,513 1,342 69 — 137 626 1,190 — 2,650 1,968 1,259 — 5,877 (1,650 ) 10/8/2010 1999 42 Tampa - Airport - N. Westshore Blvd. Tampa, FL (4 ) 2,564 3,918 64 — 115 1,352 1,686 — 2,679 5,270 1,750 — 9,699 (2,687 ) 10/8/2010 1998 38 Tampa - Airport - Spruce Street Tampa, FL (4 ) 2,437 3,066 102 — 59 537 950 — 2,496 3,603 1,052 — 7,151 (1,684 ) 10/8/2010 2003 43 Tampa - North - USF - Attractions Tampa, FL (4 ) 2,028 845 37 — 113 657 1,093 — 2,141 1,502 1,130 — 4,773 (1,278 ) 10/8/2010 1997 37 Tampa - North Airport Tampa, FL (4 ) 1,294 2,236 490 — 140 957 919 — 1,434 3,193 1,409 — 6,036 (2,166 ) 12/13/2012 1997 20 West Palm Beach - Northpoint Corporate Park West Palm Beach, FL (4 ) 2,723 3,326 49 — 77 497 998 — 2,800 3,823 1,047 — 7,670 (1,582 ) 10/8/2010 1998 38 Atlanta - Alpharetta - Northpoint - East Alpharetta, GA (4 ) 717 591 42 — 125 813 1,263 — 842 1,404 1,305 — 3,551 (1,172 ) 10/8/2010 1997 27 Atlanta - Alpharetta - Northpoint - West Alpharetta, GA (4 ) 1,218 1,673 58 — 105 643 1,185 — 1,323 2,316 1,243 — 4,882 (1,422 ) 10/8/2010 1999 42 Atlanta - Alpharetta - Rock Mill Rd. Alpharetta, GA (4 ) 1,391 1,101 40 — 51 487 799 — 1,442 1,588 839 — 3,869 (1,189 ) 10/8/2010 1999 39 Atlanta - Clairmont Atlanta, GA (4 ) 1,142 3,284 40 — 89 613 953 — 1,231 3,897 993 — 6,121 (1,769 ) 10/8/2010 1998 38 Atlanta - Buckhead Atlanta, GA (4 ) 1,183 4,086 42 — 96 799 1,232 — 1,279 4,885 1,274 — 7,438 (2,018 ) 10/8/2010 1997 37 Atlanta - Marietta - Interstate N. Pkwy Atlanta, GA (4 ) 1,766 3,023 72 — 78 1,004 1,208 — 1,844 4,027 1,280 — 7,151 (1,603 ) 10/8/2010 1999 41 Atlanta - Marietta - Wildwood Atlanta, GA (4 ) 852 2,881 40 — 86 743 1,037 — 938 3,624 1,077 — 5,639 (1,753 ) 10/8/2010 1996 36 Atlanta - Perimeter - Hammond Drive Atlanta, GA (4 ) 1,921 3,398 45 — 210 789 1,228 — 2,131 4,187 1,273 — 7,591 (2,100 ) 10/8/2010 1997 32 Atlanta - Perimeter - Crestline Atlanta, GA (4 ) 1,562 1,581 46 — 83 486 1,040 — 1,645 2,067 1,086 — 4,798 (1,360 ) 10/8/2010 2000 40 Atlanta - Perimeter - Peachtree Dunwoody Atlanta, GA (4 ) 1,203 2,928 44 — 135 734 1,103 — 1,338 3,662 1,147 — 6,147 (1,724 ) 10/8/2010 1997 37 Atlanta - Vinings Atlanta, GA (4 ) 1,924 5,785 57 — 87 757 1,220 — 2,011 6,542 1,277 — 9,830 (2,254 ) 10/8/2010 1997 40 Atlanta - Duluth Duluth, GA (4 ) 1,177 1,252 61 — 74 544 711 — 1,251 1,796 772 — 3,819 (831 ) 10/8/2010 1997 49 Atlanta - Gwinnett Place Duluth, GA (4 ) 1,269 3,234 48 — 375 1,110 1,282 — 1,644 4,344 1,330 — 7,318 (1,860 ) 10/8/2010 1990 30 Atlanta - Kennesaw Chastain Rd. Kennesaw, GA (4 ) 1,092 1,560 38 — 105 594 1,185 — 1,197 2,154 1,223 — 4,574 (1,324 ) 10/8/2010 1997 27 Atlanta - Kennesaw Town Center Kennesaw, GA (4 ) 1,122 2,213 38 — 75 621 959 — 1,197 2,834 997 — 5,028 (1,274 ) 10/8/2010 1998 38 Atlanta - Marietta - Powers Ferry Rd. Marietta, GA (4 ) 2,718 1,891 58 — 52 881 1,344 — 2,770 2,772 1,402 — 6,944 (1,591 ) 10/8/2010 1998 38 Atlanta - Marietta - Windy Hill Marietta, GA (4 ) 1,645 2,192 41 — (104 ) 838 1,053 — 1,541 3,030 1,094 — 5,665 (1,331 ) 10/8/2010 1998 39 Atlanta - Morrow Morrow, GA (4 ) 1,713 2,276 41 — 93 599 978 — 1,806 2,875 1,019 — 5,700 (1,253 ) 10/8/2010 1998 39 Atlanta - Peachtree Corners Norcross, GA (4 ) 1,256 — 19 — 100 616 1,035 — 1,356 616 1,054 — 3,026 (727 ) 10/8/2010 1997 (6) Savannah - Midtown Savannah, GA (4 ) 564 5,079 66 — 66 482 1,006 — 630 5,561 1,072 — 7,263 (2,246 ) 10/8/2010 2001 41 Atlanta - Cumberland Mall Smyrna, GA (4 ) 1,631 2,038 45 — 85 953 1,092 — 1,716 2,991 1,137 — 5,844 (1,550 ) 10/8/2010 1997 32 Des Moines - Urbandale Urbandale, IA (4 ) 1,119 2,684 41 — 119 631 851 — 1,238 3,315 892 — 5,445 (1,481 ) 10/8/2010 1999 39 Des Moines - West Des Moines West Des Moines, IA (4 ) 1,089 2,742 39 — 121 830 1,130 — 1,210 3,572 1,169 — 5,951 (2,099 ) 10/8/2010 1997 27 Boise - Airport Boise, ID (4 ) 862 1,647 39 — 81 784 1,125 — 943 2,431 1,164 — 4,538 (1,254 ) 10/8/2010 1997 37 Chicago - Midway Bedford Park, IL (4 ) 2,028 2,261 130 — 105 689 1,048 — 2,133 2,950 1,178 — 6,261 (1,976 ) 10/8/2010 2003 43 Bloomington - Normal Bloomington, IL (4 ) 941 3,404 61 — 64 544 910 — 1,005 3,948 971 — 5,924 (1,542 ) 10/8/2010 2001 41 Chicago - Buffalo Grove - Deerfield Buffalo Grove, IL (4 ) 2,264 4,986 44 — 77 909 1,062 — 2,341 5,895 1,106 — 9,342 (2,409 ) 10/8/2010 1998 38 Chicago - Burr Ridge Burr Ridge, IL (4 ) 2,033 4,406 43 — 125 1,019 1,054 — 2,158 5,425 1,097 — 8,680 (2,330 ) 10/8/2010 1996 36 Champaign - Urbana Champaign, IL (4 ) 1,221 4,043 35 — 89 507 768 — 1,310 4,550 803 — 6,663 (1,520 ) 10/8/2010 1998 38 Chicago - Darien Darien, IL (4 ) 1,754 4,286 42 — 129 660 869 — 1,883 4,946 911 — 7,740 (2,056 ) 10/8/2010 1999 39 Chicago - O'Hare Des Plaines, IL (4 ) 1,946 3,737 44 — 143 993 1,123 — 2,089 4,730 1,167 — 7,986 (2,174 ) 10/8/2010 1998 38 Chicago - O'Hare - Allstate Arena Des Plaines, IL (4 ) 2,122 1,434 71 — 97 771 1,066 — 2,219 2,205 1,137 — 5,561 (1,336 ) 10/8/2010 1999 40 Chicago - Downers Grove Downers Grove, IL (4 ) 2,592 3,321 53 — 150 1,628 1,581 — 2,742 4,949 1,634 — 9,325 (2,781 ) 10/8/2010 1996 36 Extended Stay America, Inc. and Subsidiaries and ESH Hospitality, Inc. and Subsidiaries Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2018 (continued) (dollars in thousands) Initial Cost Cost Capitalized Subsequent to Acquisition (1) Gross Amount Carried at Depreciable Lives (Years) (3) Description Location Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Land and Improvements Building and Improvements FF&E Development in Process Total (2) Accumulated Depreciation Date Acquired Date of Construction Chicago - Elmhurst - O'Hare Elmhurst, IL (4 ) 1,728 2,769 42 — 112 531 1,000 — 1,840 3,300 1,042 — 6,182 (1,792 ) 10/8/2010 1997 37 Chicago - Gurnee Gurnee, IL (4 ) 1,557 2,759 37 — 161 810 977 — 1,718 3,569 1,014 — 6,301 (1,622 ) 10/8/2010 1997 37 Chicago - Hanover Park Hanover Park, IL (4 ) 4,217 1,081 38 — 50 728 778 — 4,267 1,809 816 — 6,892 (1,294 ) 10/8/2010 1999 39 Chicago - Hillside Hillside, IL (4 ) 1,661 1,134 49 — 101 801 1,116 — 1,762 1,935 1,165 — 4,862 (1,662 ) 10/8/2010 1999 39 Chicago - Itasca Itasca, IL (4 ) 1,419 2,764 46 — 119 801 1,111 — 1,538 3,565 1,157 — 6,260 (1,632 ) 10/8/2010 1996 36 Chicago - Lansing Lansing, IL (4 ) 1,778 2,399 44 — 173 678 1,049 — 1,951 3,077 1,093 — 6,121 (1,894 ) 10/8/2010 1998 38 Chicago - Lisle Lisle, IL (4 ) 1,908 2,176 42 — 96 501 812 — 2,004 2,677 854 — 5,535 (1,530 ) 10/8/2010 2000 40 Chicago - Lombard |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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 amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the estimated useful lives of tangible assets as well as in the assessment of tangible and intangible assets for impairment (see Note 5 ), estimated liabilities for insurance reserves and income taxes and the grant-date fair value of certain equity-based awards. 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. |
Restricted Cash | Restricted Cash —Restricted cash consists of deposits held for insurance collateral and net sale proceeds from hotel sales held by qualified intermediaries pursuant to pending tax-free exchanges under Section 1031 of the Internal Revenue Code (“1031 exchanges”). |
Accounts Receivable and Allowance for Doubtful Accounts | Accounts Receivable and Allowance for Doubtful Accounts —Accounts receivable consists of receivables due from corporate customers and third-party internet intermediaries with respect to owned hotels, as well as certain amounts due from franchisees. A 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. |
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 acquired land, site improvements, building and improvements and furniture, fixtures and equipment are determined on an “if-vacant” basis considering a variety of factors, including the physical condition and quality of the hotels, estimated rates and valuation assumptions consistent with current market conditions, 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 dates of acquisition. |
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 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Corporate furniture, fixtures equipment 3–15 years Management assesses the performance of long-lived assets for potential impairment quarterly, as well as when events or changes in circumstances indicate the carrying amount of an asset, or group of assets, may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property (or group of hotel properties) to the estimated future undiscounted cash flows expected to be generated by the hotel property (or 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 hotel property (or group of hotel properties). To the extent that a hotel property (or group of hotel properties) is impaired, the excess carrying amount over its estimated fair value is recognized as an impairment charge and reduces income from operations. Fair value is determined based upon the discounted cash flows of the hotel property (or group of hotel properties), bids, quoted market prices or independent appraisals, as considered necessary. 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 hotel property could occur in a future period in which conditions change (see Note 5). |
Intangible Assets and Liabilities | Intangible Assets and Liabilities —Intangible assets include trademarks, corporate customer relationships and licenses related to certain internal-use software. Intangible liabilities include above-market contracts. Corporate customer relationships, licenses and above-market contracts are amortized using the straight-line method over their estimated useful lives; the estimated useful life of customer relationships is 20 years , and the estimated useful life of above-market contracts and software licenses is the remaining non-cancellable term of the respective contract. Finite-lived intangible assets are reviewed for impairment quarterly and whenever events or changes in circumstances indicate that the carrying amount of the intangible asset may not be recoverable. Trademarks and licenses for software in process are not amortized. Indefinite-lived intangible assets are reviewed for impairment quarterly. 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. 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. |
Goodwill | Goodwill —Goodwill represents the excess purchase price over the fair value of net assets acquired. The Company tests goodwill for impairment quarterly and 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 two reportable operating segments, owned and operated hotels and franchised or managed hotels. There is no goodwill associated with franchised or managed hotels. Management analyzes goodwill associated with all owned 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 a reporting unit is less than its carrying amount. |
Assets Held For Sale | Assets Held For Sale —The Company classifies assets as held for sale when management commits to a formal plan to sell the assets, actively seeks a buyer for the assets and the consummation of a sale is considered probable and is expected within one year. The Company takes into consideration when determining whether the consummation of a sale is probable the following criteria: (i) whether a purchase and sale agreement has been executed, (ii) whether the buyer has a significant non-refundable deposit at risk and (iii) whether significant financing contingencies exist. Upon designating an asset as held for sale, the Company stops recognizing depreciation expense and records the asset at the lower of its carrying value, including allocable goodwill, or its estimated fair value less estimated costs to sell. Any such adjustment in the carrying value is recognized as an impairment charge. |
Discontinued Operations | Discontinued Operations— The Company |
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. Deferred financing costs are presented in the accompanying consolidated balance sheets as a direct deduction of the carrying amount of the related debt liability, except those incurred under a revolving-debt arrangement which are presented as a component of other assets. Upon repayment, or in conjunction with a material change in the terms of the underlying debt agreement, remaining unamortized costs are written off as a component of net interest expense. Amortization of deferred financing costs is also included as a component of interest expense (see Note 7). |
Revenue Recognition | Revenue Generated from Owned and Operated Hotels — Revenue generated from owned and operated hotels consists of room and other hotel revenues recognized when services are provided. When a reservation is made, the Company deems that the parties have approved a contract in accordance with customary business practices and are committed to perform their respective obligations. At such time, each party’s rights regarding the services to be transferred are identified, payment terms are specified, the contract has commercial substance and, in most instances, it is probable the Company will collect substantially all consideration to which it will be entitled in exchange for services. Each room night consumed by a guest with a cancellable reservation represents a contract whereby the Company has a performance obligation to provide the room night at an agreed upon price. For cancellable reservations, the Company recognizes revenue as each performance obligation (i.e., each room night) is met. Such contract is renewed if the guest continues their stay. For room nights consumed by a guest with a non-cancellable reservation, the entire reservation period represents the contract term whereby the Company has a performance obligation to provide the room night or nights at an agreed upon price. For non-cancellable reservations, the Company recognizes revenue over the term of the performance period (i.e., the reservation period) as room nights are consumed. For these reservations, the room rate is typically fixed over the reservation period. The Company uses an output method based on performance completed to date (i.e., room nights consumed) to determine the amount of revenue it recognizes on a daily basis if the length of a non-cancellable reservation exceeds one night since consumption of room nights indicates when services are transferred to the guest. In certain instances, variable consideration may exist with respect to the transaction price, such as discounts, coupons and price concessions made upon guest checkout. In evaluating its performance obligation, the Company bundles the obligation to provide the guest the room itself with other obligations (such as free WiFi, grab and go breakfast, access to on-site laundry facilities and parking), as the other obligations are not distinct and separable because the guest cannot benefit from the additional amenities without the consumed room night. The Company’s obligation to provide the additional items or services is not separately identifiable from the fundamental contractual obligation (i.e., providing the room and its contents). The Company has no performance obligations once a guest’s stay is complete. Certain revenues are generated through third-party intermediaries or distribution channels (i.e., online travel agents). Regardless of the basis on which the Company is compensated (i.e., gross or net), the Company is responsible for fulfilling the promise to provide the hotel room and related services to the guest and retains inventory risk. Since the Company controls the inventory and services provided and because third party intermediaries are typically not contractually required to guarantee room night consumption, the Company is the principal in these transactions. As such, the Company is required to record revenue at an amount equal to the price charged to the guest (i.e., on a gross basis). Third-party intermediaries that pay the Company directly (i.e., on a net basis) typically charge the guest additional fees, blend the room offering with other offerings at amounts which are not allocable and may adjust the price without the Company’s approval. As such, the Company is unable to calculate the room rate charged to the guest. Since any estimate the Company would make has significant uncertainty that ultimately would not be resolved, despite its role as principal, in these instances the Company records revenue equal to the amount paid by the third-party intermediaries (i.e., the net amount). Revenue Generated from Franchise and Management Contracts — Revenue generated from franchise and management contracts consists of the following: • Franchise fees, which consist of an initial fee and an ongoing royalty fee based on a percentage of a hotel’s monthly revenue in exchange for the access to and use of the Company’s brand name and other intellectual property. Initial fees are deferred and recognized over the expected contract or customer life. Royalty fees are recognized over time as franchisees derive value from the license to use the intellectual property. • Management fees, which consist of an ongoing base fee calculated as a percentage of a hotel’s monthly revenue in exchange for on-site hotel management services. Management fees are recognized over time as third-party hotel owners derive value from on-site personnel and related services. • Other revenues from franchised and managed properties, which include the reimbursement of costs incurred on behalf of third-party owners on a direct and an indirect basis. ◦ Direct costs incurred with respect to management and franchise agreements include on-site hotel personnel and incremental reservation and distribution costs, respectively, for which the Company is reimbursed on a dollar-for-dollar basis. Since the Company employs the hotel personnel and has discretion over reservation and distribution costs, it is the principal with respect to these services and revenue is recognized on a gross basis. ◦ Indirect costs incurred with respect to franchise agreements include costs associated with certain shared system-wide platforms (i.e., system services), such as marketing, central reservations, revenue management and property management processes and/or systems. The Company is reimbursed for indirect costs through a system service, or program, fee based on a percentage of a hotel’s monthly revenue. System service fees are recognized over time as franchisees derive value from the license to use these processes and systems. The Company has discretion over how it spends system service fees and is the principal with respect to these services. Revenue is recognized on a gross basis; expense is recognized as incurred. Over time, the Company manages system services to break-even, but the timing of revenue will typically not align with expense to operate the programs. The promise to provide access to the Company’s intellectual property is combined with the promise to provide system services to form a single performance obligation since the promises generally accompany one another. Hotel management services form a single performance obligation. As noted above, each identified performance obligation is considered to be a series of services transferred over time. Revenue is recognized on an output method based on performance completed to date. The Company recognizes revenue in the amount to which it has a right to bill third parties under their respective franchise and/or management agreements, as it has a right to consideration in an amount that corresponds directly with the third parties’ hotel revenues. Franchise, management and system service fees are characterized as variable consideration and vary from period to period. In the event that fees include variables that extend beyond the current period, the Company uses the most likely amount method to determine the amount of revenue to record based on a reasonable revenue forecast for the applicable hotel. In most instances, the Company does not have constraining estimates, as hotel revenues are typically available and obtained monthly. |
Advertising Costs | Advertising Costs —Advertising costs are expensed as incurred. |
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. 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, certain other assets (deposits), accounts payable and accrued liabilities, term loans, senior notes, mandatorily redeemable preferred stock and revolving credit facilities. The carrying values of cash and cash equivalents, restricted cash, accounts receivable, certain other assets, 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 term loans, senior notes 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 term loans, senior notes and mandatorily redeemable preferred stock or from quoted market prices, when available (see Note 7). |
Derivative Instruments | Derivative Instruments —The Company from time to time uses derivative instruments to manage its exposure to interest rate and commodity price risks. The Company’s primary objective in holding derivatives is to reduce the volatility of cash flows and earnings associated with changes in interest rates and commodity prices. The Company’s derivatives expose it to credit risk to the extent that counterparties may be unable to meet the terms of the agreement. The Company seeks to mitigate such risks by limiting its counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties. Derivative instruments, including derivative instruments embedded in other contracts, are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value, unless the transactions qualify and are designated as normal purchases and sales. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met (see Note 8). The Company does not enter into derivative instruments for trading or speculative purposes. |
Insurance Reserves | Insurance Reserves —The Company utilizes various insurance programs for workers’ compensation, general liability and health insurance claims. 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 and other cost trends. |
Investments | Investments —The Company consolidates a subsidiary when it has the ability to direct the activities that most significantly impact the economic performance of the subsidiary. Judgment is required with respect to the consolidation of investments, including partnership and joint venture entities, in terms of the evaluation of control, including assessment of the importance of rights and privileges of the partners based on voting rights, as well as financial interests that are not controllable through voting interests. Third party equity interests in consolidated subsidiaries are presented as noncontrolling interests. The Company evaluates subsidiaries and affiliates, as well as other entities, to determine if they are variable interest entities (“VIEs”). If a subsidiary, affiliate or other entity is a VIE, it is subject to the consolidation framework specifically for VIEs. The Company considers an entity a VIE if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In accordance with Financial Accounting Standards Board (“FASB”) ASC 810, Consolidations , the Company reviews subsidiaries and affiliates, as well as other entities, to determine if (i) they should be considered VIEs, and (ii) whether their consolidation determinations should change based on changes in their characteristics. |
Income Taxes | Income Taxes —The Corporation’s taxable income includes the taxable income of its wholly-owned subsidiaries, ESA Management, ESH Strategies and the Operating Lessees, and distribution income related to its ownership of approximately 57% of ESH REIT. As a result, approximately 57% of ESH REIT’s distributions are subject to corporate income tax. The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. ESH REIT’s deferred tax rates are adjusted to reflect expected future distributions and the deduction allowed upon distribution. The Corporation’s deferred tax assets and liabilities include the estimated impact of the future reversal of ESH REIT’s deferred tax assets and liabilities which affect future dividend income to be recognized by the Corporation upon distribution. The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position, and (2) for those tax positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. 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 Internal Revenue Code, as amended (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 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. During the years ended December 31, 2018 , 2017 and 2016, ESH REIT distributed approximately 100% of its taxable income and, as a result, incurred minimal current federal income tax. In the future, ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. ESH REIT will incur federal and state income tax at statutory rates if its taxable income is not distributed. |
Foreign Currency | Foreign Currency —The Company sold its three Extended Stay Canada-branded hotels in 2017. Prior to completion of the sale, the financial statements of the Company’s Canadian subsidiaries and its investments therein were maintained in their functional currency, the Canadian dollar, and their revenues and expenses were translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries were translated into U.S. dollars using the exchange rate in effect at the balance sheet date. |
Comprehensive Income | Comprehensive Income —Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments and interest rate cash flow hedge adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income. Foreign currency translation adjustments and interest rate cash flow hedge adjustments are presented as separate components of consolidated equity. |
Equity-Based Compensation | Equity-Based Compensation— The Corporation and ESH REIT each maintain a Long-Term Incentive Plan (“LTIP”), as amended and restated in 2015, approved by their shareholders. Under the LTIPs, the Corporation and ESH REIT may issue to eligible employees or directors restricted stock awards (“RSAs”), restricted stock units (“RSUs”) or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. 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 or director 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 is recognized over the requisite service period, which is the period during which an employee or director is required to provide services in exchange for the award (usually the vesting period). No compensation expense is recognized for awards for which employees or directors do not render the requisite services. All awards granted are classified as equity awards, except those equity-based awards issued by ESH REIT to its directors, which are classified as liability awards. |
Segments | Segments —The Company has two reportable operating segments based on the management of its business, owned hotels and franchise and management. The Company assesses the performance of these segments on an individual basis (see Note 16). |
Recently Issued Accounting Standards | Recently Issued Accounting Standards Fair Value Measurement— In August 2018, the FASB issued an accounting standards update which modifies the disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement . This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. The Company does not expect the adoption of this update to have a material effect on the Company’s consolidated financial statements. Intangibles-Goodwill and Other—Internal-Use Software— In August 2018, the FASB issued an accounting standards update which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. The Company expects to apply this update prospectively and does not expect adoption to have a material effect on the Company’s consolidated financial statements. Compensation—Stock Compensation— In June 2018, the FASB issued an accounting standards update which expands the scope of Topic 718, Stock Compensation to include share-based payments granted to non-employees in exchange for goods or services. The new guidance simplifies the accounting for share-based payments granted to non-employees for goods or services by aligning it with the accounting for share-based payments granted to employees, with certain exceptions. Under the new guidance, non-employee share-based payment awards included within the scope of Topic 718 will be measured at the grant-date fair value of the equity instruments. In addition, classification of non-employee share-based payment awards will be subject to the requirements of Topic 718 unless modified after the good has been delivered and/or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. This approach will eliminate the requirement to reassess classification of such awards upon vesting. The Company adopted this update on January 1, 2019, using a retrospective method, and expects it to have no material effect on the Company’s consolidated financial statements. In May 2017, the FASB issued an accounting standards update that provides guidance about which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. The Company adopted this update on January 1, 2018, using a prospective transition method. The adoption of this update did not have a material effect on the Company’s consolidated financial statements. Comprehensive Income— In February 2018, the FASB issued an accounting standards update that allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the TCJA. The Company adopted this update on January 1, 2019, using a retrospective method, and expects it to have no material effect on the consolidated financial statements. Goodwill— In January 2017, the FASB issued an accounting standards update in which the guidance on testing for goodwill was updated to eliminate Step 2 in the determination on whether goodwill should be considered impaired. Annual and/or interim assessments are still required. This update will be effective for fiscal years and interim periods within fiscal years beginning after December 15, 2019, and may be adopted early. The Company expects to apply this amendment prospectively and does not expect the adoption of this update to have a material effect on the Company’s consolidated financial statements. Statement of Cash Flows— In August and November 2016, the FASB issued accounting standards updates which provide additional clarity on the classification of specific events on the statement of cash flows. These events include debt prepayment and extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from settlement of insurance claims, distributions received from equity method investees and beneficial interests in securitization transactions. These updates also require amounts generally described as restricted cash to be included with cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts on the statement of cash flows. The Company adopted these updates on January 1, 2018, using a retrospective transition method to each period presented. The adoption of these updates required cash outflows related to debt prepayment and extinguishment costs, which totaled $1.2 million during the year ended December 31, 2018 , to be classified as financing activities. For the years ended December 31, 2017 and 2016 , debt modification and extinguishment costs totaling $2.4 million and $4.0 million , respectively, have been reclassified from their original classification as operating activities to financing activities in the accompanying consolidated statements of cash flows. An additional effect of the adoption of these accounting standards was to include restricted cash in the beginning and end of period balances instead of in investing activities, as they were previously. For the years ended December 31, 2017 and 2016 , the change in restricted cash included within net cash (used in) provided by investing activities, as originally presented, was $(16.0) million and $62.8 million , respectively. Derivatives and Hedging —In August 2017, the FASB issued an accounting standards update which changes the designation and measurement guidance for qualifying hedging relationships and the presentation of hedging results. This update expands and refines hedge accounting and aligns recognition and presentation of its effects within the financial statements. The Company adopted this update on January 1, 2018 and recorded a cumulative-effect adjustment to reclassify a previously recorded loss of $0.7 million from retained earnings to accumulated other comprehensive income. In addition to the cumulative-effect adjustment, impacts of adoption included the elimination of hedge ineffectiveness related to designated interest rate swaps, the presentation of all interest rate hedge related items that impact earnings in the interest expense line item in the consolidated statements of operations and an election to perform qualitative assessments of hedge effectiveness. Leases —ASC 842, Leases , introduced a lessee model that requires a right-of-use asset and lease obligation to be presented on the balance sheet for all leases, whether operating or financing. The Company adopted ASC 842 on January 1, 2019, using the modified retrospective approach with the Comparatives Under 840 Option, whereby the Company will apply the standard at the beginning of the period of adoption and will present financial information for periods prior to January 1, 2019, in accordance with prior guidance. Implementation had no cumulative effect on retained earnings. Adoption resulted in the recognition of right-of-use assets of $10.9 million , which included adjustments for accrued lease payments, above market lease liabilities and lease incentives, and lease liabilities of $17.9 million . Right-of-use assets and lease liabilities recognized upon adoption included existing assets and liabilities of $3.8 million and $3.4 million , respectively, related to capital leases accounted for under prior guidance. Upon adoption, the Company elected practical expedients related to (i) the identification and classification of leases that commenced before the effective date, (ii) initial direct costs for leases that commenced before the effective date, (iii) the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset, (iv) land easements, and (v) the evaluation of components of a contract. The election of these practical expedients meant the Company continued to account for all leases that commenced prior to January 1, 2019, in accordance with prior guidance, except that the Company recognized a right-of use asset and a lease liability for all operating leases based on the present value of the remaining minimum rental payments. Judgement was exercised in the application of ASC 842 with respect to the determination of whether a contract contains a lease. While the ability to control and direct the use of an identified asset indicates that the contract, or portion of a contract, is a lease, a counterparty’s substantive substitution rights typically provide evidence that a lessee does not control the asset. Judgement was also exercised with respect to the determination of the discount rate used to determine the present value of lease payments. In instances in which interest rates implicit in leases are not readily determinable, the Company uses its incremental borrowing rate. The substantial majority of widely available market maturities and asset-specific risk spreads may not match the underlying contract and, as such, borrowing rates and risk spreads are estimated based on the contract’s term, the counterparty’s security and other characteristics of the identified asset. Contractual Revenue— The Company adopted ASC 606, Revenue from Contracts with Customers , on January 1, 2018, to all contracts as of January 1, 2018, on a modified retrospective basis. The core principle of ASC 606 is that recognized revenue reflects consideration to which a company is entitled in exchange for specifically identified services. ASC 606 requires companies to use the following five-step model as part of the revenue recognition process: (1) identify the contract; (2) identify performance obligations; (3) determine the transaction price; (4) allocate the transaction price to performance obligations; and (5) recognize revenue when performance obligations are satisfied. Adoption of ASC 606 had no impact on the Company’s consolidated financial statements and no cumulative effect adjustment was recognized upon adoption. Adoption of the standard resulted in enhanced revenue-related disclosures that provide information with respect to the Company’s analysis of certain contracts, significant judgments, the disaggregation of owned hotel room revenues by booking source and length of guest stay, the disaggregation of fee revenues by type of arrangement, outstanding contract liabilities and unsatisfied performance obligations (see Note 17). The Company applied its contract review for owned hotels to portfolios of contracts with similar characteristics as the Company expects the effects of applying these contracts on a portfolio basis versus an individual basis would not be materially different in the context of the consolidated statement of operations. Contract portfolios reviewed included: (i) rooms sold on-site at the property, through the Company’s call center and website, (ii) rooms sold by the Company’s sales team, and (iii) rooms sold by traditional and online travel agents, including merchant and opaque arrangements. Although ASC 606 did not have a material impact to the Company’s results of operations, the Company implemented changes to its processes and procedures related to revenue recognition and the control activities within them. These included the development of new policies based on the five-step model outlined above, training and ongoing contract review procedures with respect to the validation of information used in financial statement disclosures. |
ESH REIT | |
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 amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the amounts of revenues and expenses during the reporting period. Management used significant estimates to determine the estimated useful lives of tangible assets as well as in the assessment of tangible and intangible assets for impairment (see Note 5) and the grant-date fair value of certain equity-based awards. 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 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 net sale proceeds from hotel sales held by qualified intermediaries pursuant to pending tax-free exchanges under Section 1031 of the Internal Revenue Code (“1031 exchanges”). |
Property and Equipment | Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: Hotel buildings 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Management assesses the performance of long-lived assets for potential impairment quarterly, as well as when events or changes in circumstances indicate the carrying amount of an asset, or group of assets, may not be recoverable. Recoverability of property and equipment is measured by a comparison of the carrying amount of a hotel property or group of hotel properties (when they are grouped under ESH REIT’s leases), to the estimated future undiscounted cash flows expected to be generated by each hotel property or group of hotel properties. Impairment is recognized when estimated future undiscounted cash flows, including proceeds from disposition, are less than the carrying value. To the extent that a hotel property or group of hotel properties is impaired, their excess carrying amount over their estimated fair value is recognized as an impairment charge and reduces income from operations. Fair value is determined based upon the discounted cash flows of a hotel property or group of hotel properties, bids, quoted market prices or independent appraisals, as considered necessary. 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 (see Note 5). |
Intangible Assets | Intangible Assets —Intangible assets include licenses related to certain internal-use software. Licenses are amortized using the straight-line method over their estimated useful life, which is the remaining non-cancellable term of the respective contract. Intangible assets are reviewed for impairment quarterly and whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. ESH REIT tests for impairment more frequently if events or circumstances change that would more likely than not reduce the fair value of its reporting unit below its carrying amount. |
Goodwill | Goodwill —Goodwill represents the excess purchase price over the fair value of net assets acquired. ESH REIT tests goodwill for impairment quarterly and 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. |
Assets Held For Sale | Assets Held For Sale —ESH REIT classifies assets as held for sale when management commits to a formal plan to sell the assets, actively seeks a buyer for the assets and the consummation of a sale is considered probable and is expected within one year. ESH REIT takes into consideration when determining whether the consummation of a sale is probable the following criteria: (i) whether a purchase and sale agreement has been executed, (ii) whether the buyer has a significant non-refundable deposit at risk and (iii) whether significant financing contingencies exist. Upon designating an asset as held for sale, ESH REIT stops recognizing depreciation expense and records the asset at the lower of its carrying value, including allocable goodwill, or its estimated fair value less estimated costs to sell. Any such adjustment in the carrying value is recognized as an impairment charge. |
Discontinued Operations | Discontinued Operations— ESH REIT classifies hotel properties sold or held for sale as discontinued operations when the disposal represents a strategic shift that has (or will have) a major effect on ESH REIT’s operations and financial results, which would require separate presentation on the consolidated balance sheets and statements of operations. |
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. Deferred financing costs are presented in the accompanying consolidated balance sheets as a direct deduction of the carrying amount of the related debt liability, except those incurred under a revolving-debt arrangement which are presented as a component of other assets. Upon repayment, or in conjunction with a material change in the terms of the underlying debt agreement, remaining unamortized costs are written off as a component of net interest expense. Amortization of deferred financing costs is also included as a component of interest expense (see Note 6). |
Revenue Recognition | Revenue Recognition —ESH REIT’s sole source of revenues is rental revenue derived from leases with subsidiaries of the Corporation (i.e., all revenues are generated from agreements with related parties (see Note 11). Rental revenues are recorded on a straight-line basis as they are earned during the lease terms. Rents receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represent monthly rental amounts contractually due. Deferred rents receivable from Extended Stay America, Inc. on the accompanying consolidated balance sheets represent the cumulative difference between straight-line rental revenues recognized and rental revenues contractually due. Lease rental payments received prior to rendering services are included in unearned rental revenues from Extended Stay America, Inc. on the accompanying consolidated balance sheets. Contingent rental revenues, specifically percentage rental revenues related to hotel revenues of the Operating Lessees, are recognized when such amounts are fixed and determinable (i.e., only when percentage rental revenue thresholds have been achieved). |
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. 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, certain other assets (deposits), accounts payable and accrued liabilities, intercompany and term loans, senior notes and its revolving credit facility. The carrying values of cash and cash equivalents, restricted cash, certain other assets (deposits), 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 intercompany and term loans and senior notes 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 intercompany and term loans and senior notes or from quoted market prices, when available (see Note 6). |
Derivative Instruments | Derivative Instruments —ESH REIT from time to time uses derivative instruments to manage its exposure to interest rate risks. ESH REIT’s primary objective in holding derivatives is to reduce the volatility of cash flows and earnings associated with changes in interest rates. ESH REIT’s derivatives expose it to credit risk to the extent that counterparties may be unable to meet the terms of the agreement. ESH REIT seeks to mitigate such risks by limiting its counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties. Derivative instruments, including derivative instruments embedded in other contracts, are recorded in the accompanying consolidated balance sheets as either assets or liabilities measured at fair value, unless the transactions qualify and are designated as normal purchases and sales. Changes in fair value are recognized currently in earnings unless specific hedge accounting criteria are met (see Note 7 ). ESH REIT does not enter into derivative instruments for trading or speculative purposes. |
Investments | Investments —ESH REIT consolidates a subsidiary when it has the ability to direct the activities that most significantly impact the economic performance of the subsidiary. Judgment is required with respect to the consolidation of investments, including partnership and joint venture entities, in terms of the evaluation of control, including assessment of the importance of rights and privileges of the partners based on voting rights, as well as financial interests that are not controllable through voting interests. Third party equity interests in consolidated subsidiaries are presented as noncontrolling interests. ESH REIT evaluates subsidiaries and affiliates, as well as other entities, to determine if they are variable interest entities (“VIEs”). If a subsidiary, affiliate or other entity is a VIE, it is subject to the consolidation framework specifically for VIEs. ESH REIT considers an entity a VIE if equity investors own an interest therein that does not have the characteristics of a controlling financial interest or if such investors do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support. In accordance with Financial Accounting Standards Board (“FASB”) ASC 810, “ Consolidations ,” ESH REIT reviews subsidiaries and affiliates, as well as other entities, to determine if (i) they should be considered VIEs, and (ii) whether their consolidation determinations should change based on changes in their characteristics. |
Income Taxes | Income Taxes —ESH REIT accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, ESH REIT determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. ESH REIT’s deferred tax rates are adjusted to reflect expected future distributions and the deduction allowed upon distribution. ESH REIT recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, ESH REIT considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies and results of recent operations. If ESH REIT determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, ESH REIT would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. ESH REIT records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) ESH REIT determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position, and (2) for those tax positions that meet the more-likely-than-not recognition threshold, ESH REIT recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. 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 Internal Revenue Code, as amended (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 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. During the years ended December 31, 2018, 2017 and 2016, ESH REIT distributed approximately 100% of its taxable income and, as a result, incurred minimal current federal income tax. In the future, ESH REIT intends to distribute its taxable income to the extent necessary to optimize its tax efficiency including, but not limited to, maintaining its REIT status, while retaining sufficient capital for its ongoing needs. ESH REIT will incur federal and state income tax at statutory rates if its taxable income is not distributed. |
Foreign Currency | Foreign Currency —ESH REIT sold its three Extended Stay Canada-branded hotels in 2017. Prior to the completion of the sale, the financial statements of ESH REIT’s Canadian subsidiaries and its investments therein were maintained in their functional currency, the Canadian dollar, and their revenues and expenses were translated into U.S. dollars using the average exchange rate for the period. The assets and liabilities of these subsidiaries were translated into U.S. dollars using the exchange rate in effect at the balance sheet date. |
Comprehensive Income | Comprehensive Income —Comprehensive income includes net income and other comprehensive income, which consists of foreign currency translation adjustments and interest rate cash flow hedge adjustments. Comprehensive income is presented in the accompanying consolidated statements of comprehensive income. Foreign currency translation adjustments and interest rate cash flow hedge adjustments are presented as separate components of consolidated equity. |
Equity-Based Compensation | Equity-Based Compensation— ESH REIT maintains a Long-Term Incentive Plan (“LTIP”), as amended and restated in 2015, approved by its shareholders. Under the LTIP, ESH REIT may issue to eligible employees or directors restricted stock awards (“RSAs”), restricted stock units (“RSUs”) or other equity-based awards, in respect of Paired Shares, with service, performance or market vesting conditions. ESH REIT recognizes costs related to equity-based awards over their vesting periods. ESH REIT classifies equity-based awards granted in exchange for employee or director 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 is recognized over the requisite service period, which is the period during which an employee or director is required to provide services in exchange for the award (usually the vesting period). No compensation expense is recognized for awards for which employees or directors do not render the requisite services. All awards are classified as equity awards. |
Segments | Segments —ESH REIT’s hotel ownership business represents a single operating segment based on the way ESH REIT manages its business and operations. ESH REIT leases its hotel properties to similar classes of customers. The amounts of long-lived assets and revenues outside the U.S. are not significant for any period presented. |
Recently Issued Accounting Standards | Recently Issued Accounting Standards Fair Value Measurement— In August 2018, the FASB issued an accounting standards update which modifies the disclosure requirements for fair value measurements in Topic 820, Fair Value Measurement . This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. ESH REIT does not expect the adoption of this update to have a material effect on its consolidated financial statements. Intangibles-Goodwill and Other—Internal-Use Software— In August 2018, the FASB issued an accounting standards update which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software and hosting arrangements that include an internal-use software license. This update will be effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2019, and may be early adopted. ESH REIT expects to apply this update prospectively and does not expect adoption to have a material effect on its consolidated financial statements. Compensation—Stock Compensation— In June 2018, the FASB issued an accounting standards update which expands the scope of Topic 718, Stock Compensation to include share-based payments granted to non-employees in exchange for goods or services. The new guidance simplifies the accounting for share-based payments granted to non-employees for goods or services by aligning it with the accounting for share-based payments granted to employees, with certain exceptions. Under the new guidance, non-employee share-based payment awards included within the scope of Topic 718 will be measured at the grant-date fair value of the equity instruments. In addition, classification of non-employee share-based payment awards will be subject to the requirements of Topic 718 unless modified after the good has been delivered and/or the service has been rendered and any other conditions necessary to earn the right to benefit from the instruments have been satisfied. This approach will eliminate the requirement to reassess classification of such awards upon vesting. ESH REIT adopted this update on January 1, 2019, using a retrospective method, and expects it to have no material effect on ESH REIT’s consolidated financial statements. In May 2017, the FASB issued an accounting standards update that provides guidance about which changes to the terms or conditions of a share-based payment award requires an entity to apply modification accounting. ESH REIT adopted this update on January 1, 2018, using a prospective transition method. The adoption of this update did not have a material effect on ESH REIT’s consolidated financial statements. Goodwill —In January 2017, the FASB issued an accounting standards update in which the guidance on testing for goodwill was updated to eliminate Step 2 in the determination on whether goodwill should be considered impaired. Annual and/or interim assessments are still required. This update will be effective for fiscal years and interim periods within fiscal years beginning after December 15, 2019, and may be adopted early. ESH REIT expects to apply this amendment prospectively and does not expect the adoption of this update to have a material effect on its consolidated financial statements. Statement of Cash Flows —In August and November 2016, the FASB issued accounting standards updates which provide additional clarity on the classification of specific events on the statement of cash flows. These events include debt prepayment and extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from settlement of insurance claims, distributions received from equity method investees and beneficial interests in securitization transactions. These updates also require amounts generally described as restricted cash to be included with cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts on the statement of cash flows. ESH REIT adopted these updates on January 1, 2018, using a retrospective transition method to each period presented. The adoption of these updates required cash outflows related to debt prepayment and extinguishment costs, which totaled $1.2 million during the year ended December 31, 2018 , to be classified as financing activities. For the years ended December 31, 2017 and 2016 , debt modification and extinguishment costs totaling $2.4 million and $4.0 million , respectively, have been reclassified from their original classification as operating activities to financing activities in the accompanying consolidated statements of cash flows. An additional effect of the adoption of these accounting standards was to include restricted cash in the beginning and end of period balances instead of in investing activities, as they were previously. For the years ended December 31, 2017 and 2016 , changes in restricted cash included within net cash (used in) provided by investing activities, as originally presented, was $(15.6) million and $60.6 million , respectively. Derivatives and Hedging —In August 2017, the FASB issued an accounting standards update which changes the designation and measurement guidance for qualifying hedging relationships and the presentation of hedging results. This update expands and refines hedge accounting and aligns recognition and presentation of its effects within the financial statements. ESH REIT adopted this update on January 1, 2018 and recorded a cumulative-effect adjustment to reclassify a previously recorded loss of $0.7 million from retained earnings to accumulated other comprehensive income. In addition to the cumulative-effect adjustment, impacts of adoption included the elimination of hedge ineffectiveness related to designated interest rate swaps, the presentation of all interest rate hedge related items that impact earnings in the interest expense line item in the consolidated statements of operations and an election to perform qualitative assessments of hedge effectiveness. Leases —ASC 842, Leases , introduced a lessee model that requires a right-of-use asset and lease obligation to be presented on the balance sheet for all leases, whether operating or financing. ESH REIT adopted ASC 842 on January 1, 2019, using the modified retrospective approach with the Comparatives Under 840 Option, whereby ESH REIT will apply the standard at the beginning of the period of adoption and will present financial information for periods prior to January 1, 2019, in accordance with prior guidance. Implementation had no cumulative effect on retained earnings. Adoption resulted in the recognition of right-of-use assets of $6.6 million , which included adjustments for accrued lease payments, above market lease liabilities and lease incentives, and lease liabilities of $12.7 million . Right-of-use assets and lease liabilities recognized upon adoption included existing assets and liabilities of $3.8 million and $3.4 million , respectively, related to capital leases accounted for under prior guidance. Upon adoption, ESH REIT elected practical expedients related to (i) the identification and classification of leases that commenced before the effective date, (ii) initial direct costs for leases that commenced before the effective date, (iii) the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset, (iv) land easements, and (v) the evaluation of components of a contract. The election of these practical expedients meant ESH REIT continued to account for all leases that commenced prior to January 1, 2019, in accordance with prior guidance, except that ESH REIT recognized a right-of use asset and a lease liability for all operating leases based on the present value of the remaining minimum rental payments. Judgement was exercised in the application of ASC 842 with respect to the determination of whether a contract contains a lease. While the ability to control and direct the use of an identified asset indicates that the contract, or portion of a contract, is a lease, a counterparty’s substantive substitution rights typically provide evidence that a lessee does not control the asset. Judgement was also exercised with respect to the determination of the discount rate used to determine the present value of lease payments. In instances in which interest rates implicit in leases are not readily determinable, ESH REIT uses its incremental borrowing rate. The substantial majority of widely available market maturities and asset-specific risk spreads may not match the underlying contract and, as such, borrowing rates and risk spreads are estimated based on the contract’s term, the counterparty’s security and other characteristics of the identified asset. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
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 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Corporate furniture, fixtures equipment 3–15 years Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, 2017 Hotel properties: Land and site improvements (1) $ 1,215,710 $ 1,286,784 Building and improvements 2,729,661 2,934,048 Furniture, fixtures and equipment 674,545 649,487 Total hotel properties 4,619,916 4,870,319 Development in process (2) 27,174 2,453 Corporate furniture, fixtures, equipment, software and other 22,972 21,486 Undeveloped land parcel 1,675 1,675 Total cost 4,671,737 4,895,933 Less accumulated depreciation: Hotel properties (1,201,260 ) (1,128,465 ) Corporate furniture, fixtures, equipment, software and other (16,845 ) (14,334 ) Total accumulated depreciation (1,218,105 ) (1,142,799 ) Property and equipment—net $ 3,453,632 $ 3,753,134 _________________________________ (1) Includes capital lease asset of $3.2 million and $0 as of December 31, 2018 and 2017 , respectively. (2) Includes capital lease asset of $0.6 million and $0 as of December 31, 2018 and 2017 , respectively. |
ESH REIT | |
Entity Information [Line Items] | |
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 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, Hotel properties: Land and site improvements (1) $ 1,218,077 $ 1,289,152 Building and improvements 2,756,674 2,970,404 Furniture, fixtures and equipment 679,944 655,120 Total hotel properties 4,654,695 4,914,676 Development in process (2) 27,174 2,453 Undeveloped land parcel 1,675 1,675 Total cost 4,683,544 4,918,804 Less accumulated depreciation (1,215,899 ) (1,143,164 ) Property and equipment - net $ 3,467,645 $ 3,775,640 |
Net Income Per Share (Tables)
Net Income Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
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 Numerator: Net income available to Extended Stay America, Inc. $ 112,864 $ 78,847 $ 69,932 Income attributable to noncontrolling interests assuming (128 ) (392 ) (43 ) Net income available to Extended Stay America, Inc. $ 112,736 $ 78,455 $ 69,889 Denominator: Weighted-average number of Extended Stay America, Inc. $ 189,389 $ 193,101 $ 200,572 Dilutive securities 432 569 164 Weighted-average number of Extended Stay America, Inc. $ 189,821 $ 193,670 $ 200,736 Net income per Extended Stay America, Inc. $ 0.60 $ 0.41 $ 0.35 Net income per Extended Stay America, Inc. $ 0.59 $ 0.41 $ 0.35 |
ESH REIT | |
Entity Information [Line Items] | |
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 Numerator: Net income $ 230,129 $ 214,984 $ 212,207 Less preferred dividends (16 ) (16 ) (16 ) Net income available to ESH Hospitality, Inc. common shareholders $ 230,113 $ 214,968 $ 212,191 Class A: Net income available to ESH Hospitality, Inc. Class A common $ 131,039 $ 121,627 $ 118,787 Less amounts available to ESH Hospitality, Inc. Class B (128 ) (392 ) (43 ) Net income available to ESH Hospitality, Inc. Class A common shareholders - diluted $ 130,911 $ 121,235 $ 118,744 Class B: Net income available to ESH Hospitality, Inc. Class B common shareholders - basic $ 99,074 $ 93,341 $ 93,404 Amounts available to ESH Hospitality, Inc. Class B shareholders 128 — 43 Net income available to ESH Hospitality, Inc. Class B common shareholders - diluted $ 99,202 $ 93,341 $ 93,447 Denominator: Class A: Weighted-average number of ESH Hospitality, Inc. Class A common shares outstanding - basic and diluted 250,494 250,494 250,494 Class B: Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - basic $ 189,389 $ 193,101 $ 200,572 Dilutive securities 432 — 164 Weighted-average number of ESH Hospitality, Inc. Class B common shares outstanding - diluted $ 189,821 $ 193,101 $ 200,736 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.49 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Net income per ESH Hospitality, Inc. common share - $ 0.52 $ 0.48 $ 0.47 Anti-dilutive securities excluded from net income per common share - Class B - diluted — 569 — |
Hotel Acquisitions and Dispos_2
Hotel Acquisitions and Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Schedule of Purchase Price Allocation | The purchase price allocation among the assets acquired is as follows (in thousands, except for estimated useful lives): Amount Estimated Land and site improvements $ 1,397 3-20 years Building and improvements 10,488 4-49 years Furniture, fixtures and equipment 1,115 2-10 years Total purchase price $ 13,000 |
Summary of Total Revenues and Expenses | None of the above dispositions were reported as discontinued operations. The table below summarizes hotel dispositions for the years ended December 31, 2018 and 2017 (in thousands, except number of hotels and number of rooms). No hotels were sold during the year ended December 31, 2016. Year Brand Location Month Sold Number of Number of Rooms Net Proceeds Gain (Loss) on Sale Franchised/Managed (1) 2018 Extended Stay America Various November 14 1,369 $ 34,855 $ 1,331 (2) Yes 2018 Extended Stay America Various September 16 1,680 $ 60,710 $ 6,293 (2) Yes 2018 Extended Stay America Various September 16 1,776 $ 58,144 $ (3,014 ) (2) Yes 2018 Extended Stay America Various February 25 2,430 $ 111,156 $ 6,810 (2) Yes 2018 Extended Stay America Texas March 1 101 $ 44,090 $ 31,058 Yes (3) 2017 Extended Stay America Colorado December 1 160 $ 15,985 $ 11,870 Yes (3) 2017 Extended Stay Canada Canada May 3 500 $ 43,551 $ (1,894 ) (4) No 2017 Other Massachusetts May 1 103 $ 5,092 $ (2 ) (2) No ____________________ (1) As of December 31, 2018. (2) Net of impairment charge of $16.8 million , $24.3 million , $6.3 million , $2.1 million and $1.7 million , respectively, recognized prior to sale. (3) Remaining term of franchise or management agreement is less than one year. (4) Due to the fact that the Company’s Canadian subsidiaries liquidated substantially all of their assets, $14.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $12.4 million was recorded prior to sale. During the years ended December 31, 2018 , 2017 and 2016 , disposed hotel properties contributed total room and other hotel revenues, total operating expenses and (loss) income before income tax expense as follows (in thousands): Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Total room and other hotel revenues $ 53,494 $ 102,593 $ 111,015 Total operating expenses 83,336 104,511 96,222 (Loss) income before income tax expense (1) (29,842 ) (1,605 ) 15,127 _____________________ (1) Includes impairment charges of $37.4 million , $19.2 million and $7.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. |
ESH REIT | |
Entity Information [Line Items] | |
Summary of Total Revenues and Expenses | None of the above dispositions were reported as discontinued operations. The table below summarizes hotel dispositions for the years ended December 31, 2018 and 2017 (in thousands, except number of hotels and number of rooms). No hotels were sold during the year ended December 31, 2016. Year Location Month Sold Number of Hotels Number of Rooms Net Proceeds Gain (Loss) on Sale 2018 Various November 14 1,369 $ 34,855 $ (14,930 ) 2018 Various September 16 1,680 $ 60,710 $ (17,025 ) 2018 Various September 16 1,776 $ 58,144 $ (8,934 ) 2018 Various February 25 2,430 $ 111,156 $ 4,269 2018 Texas March 1 101 $ 44,090 $ 30,992 2017 Colorado December 1 160 $ 15,985 $ 11,836 2017 Canada May 3 500 $ 43,551 $ (1,507 ) (1) 2017 Massachusetts May 1 103 $ 5,092 $ (1,767 ) _________________________________ (1) Due to the fact that ESH REIT’s Canadian subsidiary liquidated substantially all of its assets, $12.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $15.0 million was recognized prior to sale. During the years ended December 31, 2018 , 2017 and 2016 , disposed hotel properties contributed rental revenues, total operating expenses and income (loss) before income tax expense as follows (in thousands): Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 Rental revenues from Extended Stay America, Inc. $ 22,346 $ 54,097 $ 59,865 Total operating expenses 15,917 48,858 32,138 Income (loss) before income tax expense 6,429 5,552 (1) 28,062 _________________________________ (1) Includes impairment charge of $15.0 million . |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Net Investment in Property and Equipment | Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: Hotel buildings 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Corporate furniture, fixtures equipment 3–15 years Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, 2017 Hotel properties: Land and site improvements (1) $ 1,215,710 $ 1,286,784 Building and improvements 2,729,661 2,934,048 Furniture, fixtures and equipment 674,545 649,487 Total hotel properties 4,619,916 4,870,319 Development in process (2) 27,174 2,453 Corporate furniture, fixtures, equipment, software and other 22,972 21,486 Undeveloped land parcel 1,675 1,675 Total cost 4,671,737 4,895,933 Less accumulated depreciation: Hotel properties (1,201,260 ) (1,128,465 ) Corporate furniture, fixtures, equipment, software and other (16,845 ) (14,334 ) Total accumulated depreciation (1,218,105 ) (1,142,799 ) Property and equipment—net $ 3,453,632 $ 3,753,134 _________________________________ (1) Includes capital lease asset of $3.2 million and $0 as of December 31, 2018 and 2017 , respectively. (2) Includes capital lease asset of $0.6 million and $0 as of December 31, 2018 and 2017 , respectively. |
ESH REIT | |
Entity Information [Line Items] | |
Net Investment in Property and Equipment | Depreciation and amortization are recorded on a straight-line basis over the following estimated useful lives: Hotel buildings 7–49 years Hotel building improvements 4–39 years Hotel site improvements 3–20 years Hotel furniture, fixtures and equipment 2–10 years Net investment in property and equipment as of December 31, 2018 and 2017 , consists of the following (in thousands): December 31, December 31, Hotel properties: Land and site improvements (1) $ 1,218,077 $ 1,289,152 Building and improvements 2,756,674 2,970,404 Furniture, fixtures and equipment 679,944 655,120 Total hotel properties 4,654,695 4,914,676 Development in process (2) 27,174 2,453 Undeveloped land parcel 1,675 1,675 Total cost 4,683,544 4,918,804 Less accumulated depreciation (1,215,899 ) (1,143,164 ) Property and equipment - net $ 3,467,645 $ 3,775,640 |
Intangible Assets and Goodwill
Intangible Assets and Goodwill (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Company's Intangible Assets and Goodwill | The Company’s intangible assets and goodwill as of December 31, 2018 and 2017 , consist of the following (dollars in thousands): December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived intangible assets—customer relationships $ 26,800 $ (11,029 ) $ 15,771 Definite-lived intangible assets—software license 1,926 (36 ) 1,890 Definite-lived intangible assets—software license in process 870 — 870 Indefinite-lived intangible assets—trademarks 10,183 — 10,183 Total intangible assets 39,779 (11,065 ) 28,714 Goodwill 45,192 — 45,192 Total intangible assets and goodwill $ 84,971 $ (11,065 ) $ 73,906 December 31, 2017 Gross Carrying Amount Accumulated Amortization Net Book Value Definite-lived intangible assets—customer relationships $ 26,800 $ (9,690 ) $ 17,110 Indefinite-lived tangible assets—trademarks 9,933 — 9,933 Total intangible assets 36,733 (9,690 ) 27,043 Goodwill 48,866 — 48,866 Total intangible assets and goodwill $ 85,599 $ (9,690 ) $ 75,909 |
Estimated Future Amortization Expense for Intangible Assets | Estimated future amortization expense for definite-lived intangible assets is as follows (in thousands): Years Ending December 31, 2019 $ 1,558 2020 1,554 2021 1,554 2022 1,554 2023 1,554 Thereafter 9,887 Total $ 17,661 |
Debt (Tables)
Debt (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Debt Transactions | During the years ended December 31, 2018 and 2017 , the following debt transactions occurred (in thousands): December 31, 2018 December 31, 2017 Debt, net of deferred financing costs and debt discount(s) - beginning of year (1) $ 2,534,768 $ 2,585,274 Additions: Proceeds from revolving credit facilities — 105,000 Amortization and write-off of deferred financing costs and debt discount (2) 7,954 7,437 Deductions: Payments on term loan facilities (147,215 ) (12,943 ) Payments on revolving credit facilities — (150,000 ) Debt, net of deferred financing costs and debt discount(s) - end of year (1) $ 2,395,507 $ 2,534,768 ______________________ (1) Excludes mandatorily redeemable preferred stock and capital lease obligations. (2) Excludes amortization and payments of deferred financing costs related to revolving credit facilities. |
Company's Outstanding Debt, Unamortized Deferred Financing Costs and Debt Discount | The Company’s outstanding debt, net of unamortized debt discount and unamortized deferred financing costs, as of December 31, 2018 and 2017 , consists of the following (dollars in thousands): Carrying Amount Unamortized Deferred Financing Costs Interest Rate Loan Stated Amount (1) December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Stated Interest Rate December 31, 2018 December 31, 2017 Maturity Date Term loan facilities ESH REIT 2016 Term Facility 1,300,000 (2) 1,132,259 (3) 1,278,545 (3) 10,546 13,433 LIBOR (4) 4.15% (4) 3.69% 8/30/2023 (1), (5) Senior notes ESH REIT 2025 Notes 1,300,000 1,291,671 (6) 1,290,356 (6) 17,877 20,700 5.25% 5.25% 5.25% 5/1/2025 Revolving credit facilities ESH REIT 2016 Revolving Credit Facility 350,000 (2) — — 1,469 (7) 2,020 (7) LIBOR + 2.75% N/A N/A 8/30/2021 Corporation Revolving 2016 Credit Facility 50,000 — — 292 (7) 401 (7) LIBOR + 3.00% N/A N/A 8/30/2021 Unsecured Intercompany Facility Unsecured Intercompany Facility 75,000 (8) — — — — 5.00% 5.00% 5.00% 8/30/2023 Total $ 2,423,930 $ 2,568,901 $ 30,184 $ 36,554 ______________________ (1) Amortization is interest only, except for the 2016 Term Facility (as defined below), which amortizes in equal quarterly installments of $3.1 million . See (5) below. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively. (2) ESH REIT is able to increase its borrowings under the 2016 ESH REIT Credit Facilities (as defined below) by an amount of up to $600.0 million , plus additional amounts, in each case subject to certain conditions. (3) The 2016 Term Facility is presented net of an unamortized debt discount of $ 4.3 million and $5.3 million as of December 31, 2018 and 2017 , respectively. (4) $300.0 million of the 2016 Term Facility is subject to an interest rate swap at a fixed rate of 1.175% as of December 31, 2018 (see Note 8). (5) In addition to scheduled amortization noted in (1) above, subject to certain exceptions, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required under the 2016 Term Facility. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018. (6) The 2025 Notes (as defined below) are presented net of an unamortized debt discount of $8.3 million and $9.6 million as of December 31, 2018 and 2017 , respectively. (7) Unamortized deferred financing costs related to the revolving credit facilities are included in other assets in the accompanying consolidated balance sheets. (8) As of December 31, 2018 , no amounts were outstanding under the Unsecured Intercompany Facility. ESH REIT is able to borrow under the Unsecured Intercompany Facility an amount up to $300.0 million , plus additional amounts, in each case subject to certain conditions. Outstanding debt balances and interest expense, as applicable, owed from ESH REIT to the Corporation eliminate in consolidation. |
Components of Interest Expense | The components of net interest expense during the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Contractual interest (1) $ 116,348 $ 118,510 $ 127,633 Amortization of deferred financing costs and debt discount 8,005 8,097 9,882 Debt extinguishment and other costs (2) 3,030 3,335 27,435 Interest income (2,513 ) (170 ) (413 ) Total $ 124,870 $ 129,772 $ 164,537 ______________________ (1) Includes dividends on the shares of mandatorily redeemable preferred stock. (2) Includes interest expense associated with capital leases. |
Future Maturities of Debt | The future maturities of debt as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, 2019 $ 11,366 (1) 2020 11,366 (1) 2021 11,366 (1) 2022 11,366 (1) 2023 1,091,128 (1) Thereafter 1,300,000 (1) Total $ 2,436,592 ______________________ (1) Under the 2016 Term Facility, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments were required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . |
ESH REIT | |
Entity Information [Line Items] | |
Debt Transactions | During the years ended December 31, 2018 and 2017 , the following debt transactions occurred (in thousands): December 31, 2018 December 31, 2017 Debt, net of deferred financing costs and debt discount(s) - beginning of year $ 2,534,768 $ 2,635,274 Additions: Proceeds from revolving credit facility — 105,000 Amortization and write-off of deferred financing costs and debt discount (1) 7,954 7,437 Deductions: Payments on term loan facilities (147,215 ) (12,943 ) Payments on loan payable to Extended Stay America, Inc. — (50,000 ) Payments on revolving credit facility — (150,000 ) Debt, net of deferred financing costs and debt discount(s) - end of year $ 2,395,507 $ 2,534,768 ______________________ (1) Excludes amortization and payments of deferred financing costs related to the revolving credit facility. |
Company's Outstanding Debt, Unamortized Deferred Financing Costs and Debt Discount | ESH REIT’s outstanding debt, net of unamortized debt discount and unamortized deferred financing costs, as of December 31, 2018 and 2017 , consists of the following (dollars in thousands): Carrying Amount Unamortized Deferred Financing Costs Interest Rate Loan Stated Amount (1) December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017 Stated Interest Rate December 31, 2018 December 31, 2017 Maturity Date Term loan facilities 2016 Term Facility 1,300,000 (2) 1,132,259 (3) 1,278,545 (3) 10,546 13,433 LIBOR (4) + 2.00% 4.15% (4) 3.69% 8/30/2023 (1), (5) Senior notes 2025 Notes 1,300,000 1,291,671 (6) 1,290,356 (6) 17,877 20,700 5.25% 5.25% 5.25% 5/1/2025 Revolving credit facilities 2016 Revolving Credit Facility 350,000 (2) — — 1,469 (7) 2,020 (7) LIBOR + 2.75% N/A N/A 8/30/2021 Unsecured Intercompany Facility Unsecured Intercompany Facility 75,000 (9) — — — — 5.00% 5.00% 5.00% 8/30/2023 Total $ 2,423,930 $ 2,568,901 $ 29,892 $ 36,153 ______________________ (1) Amortization is interest only, except for the 2016 Term Facility (as defined below), which amortizes in equal quarterly installments of $3.1 million . See (5) below. In February and December 2018, ESH REIT made voluntary prepayments of $60.0 million and $75.0 million , respectively. (2) ESH REIT is able to increase its borrowings under the 2016 ESH REIT Credit Facilities (as defined below) by an amount of up to $600.0 million , plus additional amounts, in each case subject to certain conditions. (3) The 2016 Term Facility is presented net of an unamortized debt discount of $ 4.3 million and $5.3 million as of December 31, 2018 and 2017 , respectively. (4) $300.0 million of the 2016 Term Facility is subject to an interest rate swap at a fixed rate of 1.175% as of December 31, 2018 (see Note 7). (5) In addition to scheduled amortization noted in (1) above, subject to certain exceptions, annual mandatory prepayments of up to 50% of Excess Cash Flow, as defined, may be required under the 2016 Term Facility. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments are required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . (6) The 2025 Notes (as defined below) are presented net of an unamortized debt discount of $8.3 million and $9.6 million as of December 31, 2018 and 2017 , respectively. (7) Unamortized deferred financing costs related to the revolving credit facility are included in other assets in the accompanying consolidated balance sheets. (8) As of December 31, 2018 , no amounts were outstanding under the Unsecured Intercompany Facility. ESH REIT is able to borrow under the Unsecured Intercompany Facility an amount up to $300.0 million , plus additional amounts, in each case subject to certain conditions (see Note 11). |
Components of Interest Expense | The components of net interest expense during the years ended December 31, 2018 , 2017 and 2016 , are as follows (in thousands): Year Ended Year Ended Year Ended Contractual interest $ 115,778 $ 119,819 $ 127,215 Amortization of deferred financing costs and debt discount 7,895 7,988 9,124 Debt extinguishment and other costs (1) 2,847 3,136 27,196 Interest income (1,775 ) (20 ) (92 ) Total $ 124,745 $ 130,923 $ 163,443 ______________________ (1) Includes interest expense associated with capital leases. |
Future Maturities of Debt | The future maturities of debt as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, 2019 $ 11,366 (1) 2020 11,366 (1) 2021 11,366 (1) 2022 11,366 (1) 2023 1,091,128 (1) Thereafter 1,300,000 (1) Total $ 2,436,592 ______________________ (1) Under the 2016 Term Facility, mandatory annual prepayments of up to 50% of Excess Cash Flow, as defined, may be required. Annual mandatory prepayments for the year are due during the first quarter of the following year. No mandatory prepayments were required in the first quarter of 2019 based on ESH REIT’s Excess Cash Flow for the year ended December 31, 2018 . |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Derivative [Line Items] | |
Schedule of Derivative Instruments | The table below presents the amounts and classification on the Company’s financial statements related to the interest rate swap (in thousands): Other assets Accumulated other comprehensive income, net of tax Other non-operating (income) expense Interest (income) expense, net As of December 31, 2018 $ 5,789 $ 4,934 (1) As of December 31, 2017 $ 6,387 $ 5,992 (2) For the year ended December 31, 2018 $ — $ (2,765 ) For the year ended December 31, 2017 $ 314 $ 707 For the year ended December 31, 2016 $ — $ 183 _______________________________ (1) Changes during the year ended December 31, 2018 , on a pre-tax basis, consisted of changes in fair value of $(0.6) million and the cumulative effect adjustment of $(0.7) million . (2) Changes during the year ended December 31, 2017, on a pre-tax basis, consisted of changes in fair value of $1.4 million (effective portion) and amortization of accumulated other comprehensive income prior to hedge de-designation of $0.7 million and removal of a previous LIBOR floor of $(0.3) million . |
ESH REIT | |
Derivative [Line Items] | |
Schedule of Derivative Instruments | The table below presents the amounts and classification on ESH REIT’s financial statements related to the interest rate swap (in thousands): Other Assets Accumulated other comprehensive income, net of tax Other non-operating (income) expense Interest (income) expense, net As of December 31, 2018 $ 5,789 $ 5,789 (1) As of December 31, 2017 $ 6,387 $ 7,038 (2) For the year ended December 31, 2018 $ — $ (2,765 ) For the year ended December 31, 2017 $ 314 $ 707 For the year ended December 31, 2016 $ — $ 183 _______________________________ (1) Changes during the year ended December 31, 2018 , on a pre-tax basis, consisted of changes in fair value of $(0.6) million and the cumulative effect adjustment of $(0.7) million . (2) Changes during the year ended December 31, 2017, on a pre-tax basis, consisted of changes in fair value of $1.4 million (effective portion) and amortization of accumulated other comprehensive income prior to hedge de-designation of $0.7 million and removal of a previous LIBOR floor of $(0.3) million . |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Schedule of Income Before Income Tax Expense (Benefit) | Income (loss) before income tax expense for the years ended December 31, 2018 , 2017 and 2016 consists of the following (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, U.S. $ 254,172 $ 244,995 $ 196,557 Canada (340 ) (13,293 ) 1,146 Total $ 253,832 $ 231,702 $ 197,703 |
Components of Expense (Benefit) for Income Taxes | The components of income tax expense (benefit) for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, Federal (including foreign): Current $ 31,401 $ 49,307 $ 51,495 Deferred 711 1,675 (23,377 ) State: Current 9,656 9,244 8,831 Deferred 308 (712 ) (2,598 ) Total $ 42,076 $ 59,514 $ 34,351 |
Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate | The differences between income tax expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Tax at statutory rate $ 53,305 21.0 % $ 81,096 35.0 % $ 69,196 35.0 % State income tax 7,847 3.1 5,578 2.4 2,891 1.5 Foreign income tax rate differential — — (4,741 ) (2.0 ) 891 0.5 Nondeductible (nontaxable): ESH REIT income (14,976 ) (5.9 ) (25,689 ) (11.1 ) (34,132 ) (17.3 ) Change in expected distribution policy — — — — (1,633 ) (0.8 ) Equity-based compensation (524 ) (0.2 ) (263 ) (0.1 ) 807 0.4 Other permanent differences 30 — 3,283 1.4 743 0.3 Estimate of future nontaxable distributions from ESH REIT 5,020 2.0 (2,054 ) (0.9 ) (8,461 ) (4.3 ) Change in ESH REIT temporary differences (9,525 ) (3.7 ) (2,102 ) (0.9 ) 3,917 2.0 Change in deferred tax rate (1) — — 4,051 1.7 — — Valuation allowance (2 ) — (427 ) (0.2 ) 981 0.5 Tax credits (661 ) (0.3 ) (497 ) (0.2 ) (648 ) (0.3 ) Other - net 1,562 0.6 1,279 0.6 (201 ) (0.1 ) Income tax expense - net $ 42,076 16.6 % $ 59,514 25.7 % $ 34,351 17.4 % ________________________ (1) Reflects the impact of the TCJA on Corporation deferred tax assets, specifically the remeasurement of deferred tax assets at December 31, 2017 , using newly enacted tax rates, which resulted in deferred income tax expense. |
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2018 and 2017 , consist of the following (in thousands): December 31, 2018 December 31, 2017 Deferred tax assets: Net operating loss carryforwards $ 2,926 $ 2,900 Accruals and allowances 10,861 15,072 Equity-based compensation 1,409 1,603 Depreciable property 3,211 4,028 Other 652 426 Total deferred tax assets 19,059 24,029 Valuation allowance (2,926 ) (2,900 ) Net deferred tax assets 16,133 21,129 Deferred tax liabilities: Undistributed ESH REIT income (5,578 ) (9,676 ) Intangible assets (2,600 ) (2,545 ) Prepaid expenses (629 ) (763 ) Other (17 ) (20 ) Total net deferred tax assets (liabilities): $ 7,309 $ 8,125 |
ESH REIT | |
Entity Information [Line Items] | |
Schedule of Income Before Income Tax Expense (Benefit) | Income (loss) before income tax expense for the years ended December 31, 2018 , 2017 and 2016 consists of the following (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, U.S. $ 231,266 $ 231,093 $ 207,896 Canada (340 ) (14,880 ) 4,362 Total $ 230,926 $ 216,213 $ 212,258 |
Components of Expense (Benefit) for Income Taxes | The components of income tax expense (benefit) for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended December 31, Year Ended December 31, Year Ended December 31, Federal (including foreign): Current $ 715 $ 4,792 $ 1,195 Deferred — (3,377 ) 549 State: Current 97 170 (1,715 ) Deferred (15 ) (356 ) 22 Total $ 797 $ 1,229 $ 51 |
Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate | The differences between income tax expense at the effective tax rate and the statutory U.S. federal income tax rate for the years ended December 31, 2018 , 2017 and 2016 are as follows (in thousands): Year Ended Year Ended Year Ended Tax at statutory rate $ 48,494 21.0 % $ 75,675 35.0 % $ 74,290 35.0 % State income tax 82 — (272 ) (0.1 ) (1,834 ) (0.9 ) Foreign income tax rate differential — — (5,149 ) (2.4 ) 1,872 0.9 Nondeductible (nontaxable): ESH REIT income (48,116 ) (20.8 ) (71,304 ) (33.0 ) (73,581 ) (34.6 ) Change in expected distribution policy — — — — (2,243 ) (1.0 ) Other permanent differences (378 ) (0.2 ) 1,925 0.9 (602 ) (0.3 ) Other - net 715 0.3 354 0.2 2,149 1.0 Income tax expense - net $ 797 0.3 % $ 1,229 0.6 % $ 51 0.1 % |
Components of Deferred Tax Assets and Liabilities | The significant components of deferred tax assets and deferred tax liabilities as of December 31, 2018 and 2017 , consist of the following (in thousands): December 31, December 31, Deferred tax assets: Net operating loss carryforwards $ 787 $ 775 Other 1 2 Total deferred tax assets: 788 777 Valuation allowance (787 ) (775 ) Net deferred tax assets: 1 2 Deferred tax liabilities: Depreciable property (10 ) (24 ) Other (11 ) (26 ) Total net deferred tax liabilities: $ (20 ) $ (48 ) |
Quarterly Results (Unaudited) (
Quarterly Results (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Quarterly Financial Data | Quarterly financial data for the years ended December 31, 2018 and 2017 is as follows (in thousands, except per share data): Three Months Ended March 31, Three Months Ended June 30, Three Months Ended September 30, Three Months Ended December 31, 2018 2017 2018 2017 2018 2017 2018 2017 Total revenues $ 297,767 $ 290,991 $ 336,501 $ 338,363 $ 351,076 $ 350,866 $ 289,715 $ 302,505 Income from operations 68,729 52,931 112,504 98,442 121,462 117,918 75,242 91,784 Net income 31,095 16,063 65,570 49,725 75,692 66,250 39,399 40,150 Net (income) loss attributable to noncontrolling interests (16,243 ) 7,038 (514 ) 2,050 (3,790 ) (12,374 ) (78,345 ) (90,055 ) Net income (loss) attributable to common shareholders 14,852 23,101 65,056 51,775 71,902 53,876 (38,946 ) (49,905 ) Net income (loss) per common share—basic (1) $ 0.08 $ 0.12 $ 0.34 $ 0.27 $ 0.38 $ 0.28 $ (0.21 ) $ (0.26 ) Net income (loss) per common share—diluted (1) $ 0.08 $ 0.12 $ 0.34 $ 0.27 $ 0.38 $ 0.28 $ (0.21 ) (2) $ (0.26 ) (3) _________________________ (1) The sum of the four quarters may differ from the annual amount due to rounding. (2) Excludes 0.4 million anti-dilutive securities. (3) Excludes 0.5 million anti-dilutive securities. |
ESH REIT | |
Entity Information [Line Items] | |
Quarterly Financial Data | Quarterly financial data for the years ended December 31, 2018 and 2017 is as follows (in thousands, except per share data): Three Months Ended March 31, Three Months Ended June 30, Three Months Ended September 30, Three Months Ended December 31, 2018 2017 2018 2017 2018 2017 2018 2017 Rental revenues from Extended Stay America, Inc. $ 113,331 $ 116,294 $ 111,532 $ 115,589 $ 142,977 $ 143,407 $ 299,588 $ 308,210 Income from operations 69,313 16,054 34,253 28,946 39,578 60,589 211,658 241,320 Net income (loss) 37,581 (16,116 ) 1,190 (4,724 ) 8,821 28,486 182,537 207,338 Net income (loss) per common share - Class A - basic (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class A - diluted (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class B - basic (1) $ 0.08 $ (0.04 ) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 Net income (loss) per common share - Class B - diluted (1) $ 0.08 $ (0.04 ) (2) $ — $ (0.01 ) $ 0.02 $ 0.06 $ 0.42 $ 0.47 _______________________ (1) The sum of the four quarters may differ from the annual amount due to rounding. (2) Excludes 0.3 million anti-dilutive securities. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Future Minimum Lease Payments Under Operating Leases | Future minimum lease payments as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, Operating Leases Capital Leases Total 2019 $ 2,779 $ 351 $ 3,130 2020 2,899 375 3,274 2021 2,220 384 2,604 2022 806 386 1,192 2023 545 387 932 Thereafter 78,097 3,340 81,437 Total $ 87,346 $ 5,223 $ 92,569 |
ESH REIT | |
Entity Information [Line Items] | |
Future Minimum Lease Payments Under Operating Leases | Future minimum lease payments as of December 31, 2018 , are as follows (in thousands): Years Ending December 31, Operating Leases Capital Leases Total 2019 $ 712 $ 351 $ 1,063 2020 779 375 1,154 2021 784 384 1,168 2022 806 386 1,192 2023 545 387 932 Thereafter 78,097 3,340 81,437 Total $ 81,723 $ 5,223 $ 86,946 |
Equity-Based Compensation (Tabl
Equity-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Schedule of Unrecognized Compensation Expense | Total unrecognized compensation expense will be adjusted for actual forfeitures. Unrecognized Compensation Expense Related to Outstanding Awards (in thousands) Remaining Weighted- Average Amortization Period (in years) RSAs/RSUs with service vesting conditions $ 5,632 1.8 RSUs with performance vesting conditions — — RSUs with market vesting conditions 2,619 1.8 Total unrecognized compensation expense $ 8,251 |
Summary of Restricted Stock Award and Restricted Stock Unit Activity | RSA/RSU activity during the years ended December 31, 2018 , 2017 and 2016 , was as follows: Performance-Based Awards Service-Based Awards Performance Vesting Market Vesting Number of RSAs/RSUs (in thousands) Weighted- Average Grant- Date Fair Value (1) Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value (1) Outstanding at January 1, 2016 992 $ 18.24 19 $ 19.07 556 $ 6.81 Granted 536 $ 14.08 166 $ 14.07 441 $ 12.03 Settled (582 ) $ 16.66 (19 ) $ 19.07 — $ — Forfeited (54 ) $ 15.56 (47 ) $ 14.07 (25 ) $ 13.19 Outstanding at December 31, 2016 892 $ 16.93 119 $ 14.07 972 $ 9.01 Granted 272 $ 17.51 192 $ 17.45 104 $ 18.58 Settled (417 ) $ 17.75 (119 ) $ 14.07 — $ — Forfeited (145 ) $ 15.13 (39 ) $ 17.45 (865 ) $ 8.35 Outstanding at December 31, 2017 602 $ 17.06 153 $ 17.45 211 $ 16.46 Granted 401 $ 19.42 57 $ 19.52 204 $ 17.41 Settled (399 ) $ 17.46 (153 ) $ 17.45 (41 ) $ 20.76 Forfeited (81 ) $ 18.05 (25 ) $ 19.52 (77 ) $ 15.36 Outstanding at December 31, 2018 523 $ 18.42 32 $ 19.52 297 $ 16.79 Vested at December 31, 2017 46 $ 23.66 145 $ 17.45 41 $ 20.76 Nonvested at December 31, 2017 556 $ 18.46 — $ — 170 $ 20.48 Vested at December 31, 2018 7 $ 19.11 32 $ 19.52 50 $ 12.03 Nonvested at December 31, 2018 516 $ 18.41 — $ — 247 $ 17.75 _____________________ (1) An independent valuation was performed contemporaneously with the issuance of grants. |
Summary of Key Assumptions Used for Fair Value Computation | During the year ended December 31, 2018 , the grant-date fair value of awards with market vesting conditions were calculated using a Monte Carlo simulation model with the following key assumptions: Expected holding period 2.86 years Risk–free rate of return 2.37 % Expected dividend yield 4.61 % |
ESH REIT | |
Entity Information [Line Items] | |
Summary of Restricted Stock Award and Restricted Stock Unit Activity | RSU activity (all of which relates to awards with service vesting conditions) during the years ended December 31, 2018 , 2017 and 2016 , was as follows: Number of RSUs (in thousands) Weighted- Average Grant- Date Fair Value Outstanding at January 1, 2016 244 $ 9.71 Granted 15 $ 14.08 Settled (231 ) $ 9.40 Forfeited — $ — Outstanding at December 31, 2016 28 $ 14.57 Granted 26 $ 17.56 Settled (15 ) $ 13.66 Forfeited — $ — Outstanding at December 31, 2017 39 $ 16.91 Granted 28 $ 19.48 Settled (34 ) $ 17.32 Forfeited — $ — Outstanding at December 31, 2018 33 $ 18.68 Vested at December 31, 2017 — $ — Nonvested at December 31, 2017 39 $ 16.91 Vested at December 31, 2018 — $ — Nonvested at December 31, 2018 33 $ 18.68 |
Related Party Transactions (Tab
Related Party Transactions (Tables) - ESH REIT | 12 Months Ended |
Dec. 31, 2018 | |
Entity Information [Line Items] | |
Schedule of Future Fixed Rental Payments | Future fixed rental payments to be received under current remaining noncancelable lease terms are as follows (in thousands): Years Ending December 31, 2019 $ 451,445 2020 462,860 2021 474,409 2022 486,247 2023 415,112 Total $ 2,290,073 |
Schedule of Related Party Transaction Balances | Related party transaction balances as of December 31, 2018 and 2017 , include the following (in thousands): December 31, 2018 December 31, 2017 Leases: Rents receivable (1) $ 4,099 $ 3,704 Deferred rents receivable (2) $ 8,637 $ 24,388 Unearned rental revenues (1) $ (37,506 ) $ (40,523 ) Working capital and other: Ordinary working capital (3) $ (12,581 ) $ (8,441 ) Equity awards receivable (4) 403 1,386 Total working capital and other, net (5) $ (12,178 ) $ (7,055 ) ______________________ (1) Rents receivable relate to percentage rents. Unearned rental revenues relate to January 2019 and 2018 fixed minimum rents, respectively. (2) Revenues recognized in excess of cash rents received. (3) Represents disbursements and/or receipts made by the Corporation or ESH REIT on the other entity’s behalf. Includes overhead costs incurred by the Corporation on ESH REIT’s behalf. (4) Represents amounts related to restricted stock units not yet settled or issued. (5) Outstanding balances are typically repaid within 30 days. |
Segments (Tables)
Segments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Operating Segments Evaluated on Income from Operations | The performance of the Company’s operating segments is evaluated primarily on income from operations. Selected financial data is provided below (in thousands): Year Ended December 31, 2018 2017 2016 Revenues: Owned hotels $ 1,259,182 $ 1,282,725 $ 1,270,593 Franchise and management (1) 7,086 3,873 3,811 Total segment revenues 1,266,268 1,286,598 1,274,404 Corporate and other (2) 80,942 75,692 79,792 Other revenues from franchise and managed properties (3) 12,567 — — Intersegment eliminations (4) (84,718 ) (79,565 ) (83,603 ) Total 1,275,059 1,282,725 1,270,593 Income (loss) from operations: Owned hotels (5) $ 394,669 $ 383,061 $ 385,033 Franchise and management (1) 7,086 3,873 3,811 Total segment income from operations 401,755 386,934 388,844 Corporate and other (2) (23,168 ) (25,859 ) (28,180 ) Other expenses from franchise and managed properties, net (3) (650 ) — — Total $ 377,937 $ 361,075 $ 360,664 _________________________________ (1) Includes intellectual property fees charged to the owned hotels segment of $3.8 million , $3.9 million and $3.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively, that are eliminated in the consolidated statements of operations. (2) Includes revenues generated and operating expenses incurred in connection with the overall support of owned, franchised and managed hotels and related operations. These amounts include management fees earned by and cost reimbursements charged to the owned hotels segment of $80.9 million , $75.7 million and $79.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively, that are eliminated in the consolidated statements of operations. (3) Includes direct reimbursement of specific costs incurred under franchise and management agreements that the Company is reimbursed for on a dollar-for-dollar basis, as well as indirect reimbursement of certain costs incurred associated with the Company’s shared platform (i.e., system services) (see Note 2). (4) Includes management fees, intellectual property fees and other cost reimbursements charged to the owned hotels segment that are eliminated in the consolidated statements of operations. (5) Net of impairment charges of $43.6 million , $25.2 million and $9.8 million for the years ended December 31, 2018 , 2017 and 2016, respectively. Also includes gain on sale of hotel properties of $42.5 million and $10.0 million for the years ended December 31, 2018 and 2017, respectively. |
Schedule of Assets and Capital Expenditures of Operating Segments | Total assets for each of the Company’s operating segments are provided below (in thousands): December 31, 2018 December 31, 2017 Assets: Owned hotels $ 3,643,603 $ 4,021,672 Franchise and management 14,634 9,933 Total segment assets 3,658,237 4,031,605 Corporate and other 308,181 85,215 Intersegment eliminations (42,208 ) (40,815 ) Total $ 3,924,210 $ 4,076,005 Total capital expenditures for each of the Company's operating segments are provided below (in thousands): Year Ended 2018 2017 2016 Capital Expenditures: Owned hotels $ 207,997 $ 164,909 $ 224,043 Franchise and management 250 — — Total segment capital expenditures 208,247 164,909 224,043 Corporate and other 1,027 1,469 1,280 Total $ 209,274 $ 166,378 $ 225,323 |
Revenue From Contracts With C_2
Revenue From Contracts With Customers (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Disaggregation of Revenue | The following table disaggregates room revenues from owned hotels by booking source for the year ended December 31, 2018 (in thousands): December 31, Property direct $ 360,718 Central call center 303,336 Proprietary website 220,734 Third-party intermediaries 300,965 Travel agency global distribution systems 51,558 Total room revenues from owned hotels (1) $ 1,237,311 _________________________________ (1) In addition to room revenues, the Company’s owned hotels earned $21.9 million of other hotel revenues during the year ended December 31, 2018 . The following table disaggregates room revenues from owned hotels by length of guest stay for the year ended December 31, 2018 (in thousands): December 31, 1-6 nights $ 457,380 7-29 nights 261,674 30+ nights 518,257 Total room revenues from owned hotels (1) $ 1,237,311 _________________________________ (1) In addition to room revenues, the Company’s owned earned $21.9 million of other hotel revenues during the year ended December 31, 2018 . The following table disaggregates revenues from franchised and managed hotels for the year ended December 31, 2018 (in thousands): December 31, Management fees $ 1,175 Franchise fees 2,135 Indirect reimbursements (system service fees) 2,444 Direct reimbursements 10,123 Total revenues from franchised and managed hotels $ 15,877 |
Schedule of Outstanding Customer Contract Liabilities | The following table presents outstanding contract liabilities and the amount of outstanding January 1, 2018 contract liabilities that were recognized as revenue during the year ended December 31, 2018 (in thousands): Outstanding Contract Liabilities Outstanding Contract Liabilities as of January 1, 2018 Recognized as Revenue As of December 31, 2018 $ 13,829 As of January 1, 2018 $ 9,284 For the year ended December 31, 2018 $ 8,819 |
Business, Organization and Ba_2
Business, Organization and Basis of Consolidation - Additional Information (Detail) | Dec. 31, 2018RoomStateHotel$ / sharesshares | Dec. 31, 2017RoomStateHotel$ / sharesshares |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 |
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
U.S. | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Number of states in which the company owns hotels | State | 40 | 44 |
U.S. | Hotel | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Number of hotel properties | Hotel | 554 | 624 |
Number of rooms, approximately | Room | 61,500 | 68,600 |
Number of real estate properties | Hotel | 73 | |
Number of units in real estate property | Room | 7,500 | |
Number of hotels under short-term management agreements | Hotel | 3 | |
ESH REIT | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares issued (in shares) | 1 | |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | |
ESH REIT | U.S. | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Number of states in which the company owns hotels | State | 40 | 44 |
ESH REIT | U.S. | Hotel | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Number of hotel properties | Hotel | 554 | 624 |
Number of rooms, approximately | Room | 61,500 | 68,600 |
ESH REIT | ESH Hospitality, Inc. | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Approximate percentage of ownership of common stock | 57.00% | |
Common Class A | ESH REIT | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares issued (in shares) | 250,493,583 | 250,493,583 |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 |
Common stock, shares outstanding (in shares) | 250,493,583 | 250,493,583 |
Common Class A | ESH REIT | Extended Stay America, Inc. | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Approximate percentage of ownership of common stock | 57.00% | |
Common Class A | ESH REIT | ESH Hospitality, Inc. | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Approximate percentage of ownership of common stock | 57.00% | |
Common Class B | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares issued (in shares) | 1 | |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | |
Common Class B | ESH REIT | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 |
Common stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 |
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
Business, Organization and Ba_3
Business, Organization and Basis of Consolidation - Secondary Offering (Detail) - shares | Dec. 31, 2018 | Dec. 31, 2017 |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
Common Class B | ESH REIT | ||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 |
Business, Organization and Ba_4
Business, Organization and Basis of Consolidation - Paired Share Repurchase Program (Details) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Stock repurchased and retired during period | $ 85,405 | $ 62,323 | $ 139,895 | |
ESH REIT | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Stock repurchased and retired during period | $ 31,059 | $ 22,776 | $ 53,675 | |
Common Class B | ESH REIT | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Stock repurchased and retired during period (in shares) | 2 | |||
Paired Share Repurchase Program | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period (in shares) | 17.3 | |||
Paired Share Repurchase Program | ESH REIT | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period | $ 107,500 | |||
Paired Share Repurchase Program | Parent | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Stock repurchased and retired during period | $ 180,100 | |||
Paired Share Repurchase Program | Common Class B | ESH REIT | ||||
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items] | ||||
Stock repurchased and retired during period (in shares) | 17.3 | |||
Stock repurchased and retired during period | $ 107,500 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions | 8 Months Ended | 12 Months Ended | ||||||||||||||
Dec. 31, 2017CAD ($) | Dec. 31, 2018CAD ($) | Dec. 31, 2018USD ($)segmentHotel | Dec. 31, 2018USD ($)Hotel | Dec. 31, 2018USD ($)HotelSegment | Dec. 31, 2018USD ($)Hotel | Dec. 31, 2017CAD ($) | Dec. 31, 2017USD ($)Hotel | Dec. 31, 2016CAD ($) | Dec. 31, 2016USD ($) | Jan. 01, 2019USD ($) | Nov. 30, 2018Hotel | Mar. 31, 2018Hotel | Feb. 28, 2018Hotel | Jan. 01, 2018USD ($) | May 31, 2017Hotel | |
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | $ 43,600,000 | $ 25,169,000 | $ 9,828,000 | |||||||||||||
Impairment charges intangible assets | 0 | 0 | 0 | |||||||||||||
Number of operating segments | 2 | 2 | ||||||||||||||
Impairment charges goodwill | 0 | 0 | 0 | |||||||||||||
Amortization of deferred financing costs and debt discount | 7,954,000 | 7,437,000 | ||||||||||||||
Advertising costs | 25,900,000 | 23,000,000 | 21,600,000 | |||||||||||||
Liabilities for high-deductible insurance programs | $ 52,800,000 | 52,800,000 | $ 52,800,000 | $ 52,800,000 | $ 42,100,000 | |||||||||||
Distribution subject to income tax (as a percent) | 57.00% | |||||||||||||||
Distributed portion of taxable income (as a percent) | 100.00% | 100.00% | 100.00% | |||||||||||||
Foreign currency transaction gains (losses) | $ 14,500,000 | 7,300,000 | ||||||||||||||
Foreign currency transaction loss (gain) | 443,000 | (713,000) | (1,576,000) | |||||||||||||
Compensation expense equity awards | 0 | |||||||||||||||
Debt extinguishment costs | 1,183,000 | 2,351,000 | 3,999,000 | |||||||||||||
Changes in restricted cash included within net cash used in investing activities | (16,000,000) | 62,800,000 | ||||||||||||||
Existing assets related to capital leases accounted for under prior guidance | 3,800,000 | 3,800,000 | 3,800,000 | $ 3,800,000 | 0 | |||||||||||
Existing liabilities related to capital leases accounted for under prior guidance | 3,400,000 | 3,400,000 | 3,400,000 | 3,400,000 | $ 0 | |||||||||||
Accounting Standards Update 2016-02 | Subsequent Event | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Operating lease liability | $ 17,900,000 | |||||||||||||||
Operating lease, right-of-use asset | 10,900,000 | |||||||||||||||
Disposed of by Sale | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | $ 12.4 | $ 37.4 | $ 19.2 | $ 7.1 | ||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | (377,000) | (377,000) | (377,000) | (377,000) | ||||||||||||
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2017-12 | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | $ 700,000 | |||||||||||||||
Retained Earnings (Accumulated Deficit) | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | $ 377,000 | $ 377,000 | $ 377,000 | $ 377,000 | ||||||||||||
Retained Earnings (Accumulated Deficit) | Accounting Standards Update 2017-12 | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | 700,000 | |||||||||||||||
Hotel | Disposed of by Sale | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 2 | |||||||||||||||
Hotel | Disposed of by Sale | Extended Stay Canada | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||||||
Hotel | CANADA | Disposed of by Sale | Extended Stay Canada | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 3 | 3 | 3 | 3 | ||||||||||||
ESH REIT | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | $ 0 | $ 15,046,000 | 0 | |||||||||||||
Number of operating segments | Segment | 1 | |||||||||||||||
Impairment charges goodwill | 0 | 0 | $ 0 | |||||||||||||
Amortization of deferred financing costs and debt discount | 7,954,000 | 7,437,000 | ||||||||||||||
Deferred rent receivable | $ 8,637,000 | 8,637,000 | $ 8,637,000 | $ 8,637,000 | $ 24,388,000 | |||||||||||
Distributed portion of taxable income (as a percent) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |||||||||||
Foreign currency transaction gains (losses) | $ (12,500,000) | $ (12,800,000) | ||||||||||||||
Foreign currency transaction loss (gain) | 340,000 | (541,000) | (1,245,000) | |||||||||||||
Compensation expense equity awards | 0 | |||||||||||||||
Debt extinguishment costs | 1,183,000 | 2,351,000 | 3,999,000 | |||||||||||||
Changes in restricted cash included within net cash used in investing activities | (15,600,000) | 60,600,000 | ||||||||||||||
Cumulative effect adjustment | 0 | |||||||||||||||
Existing assets related to capital leases accounted for under prior guidance | 3,800,000 | 3,800,000 | 3,800,000 | $ 3,800,000 | 0 | |||||||||||
Existing liabilities related to capital leases accounted for under prior guidance | $ 3,400,000 | 3,400,000 | $ 3,400,000 | $ 3,400,000 | 0 | |||||||||||
ESH REIT | Accounting Standards Update 2016-02 | Subsequent Event | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Operating lease liability | 12,700,000 | |||||||||||||||
Operating lease, right-of-use asset | 6,600,000 | |||||||||||||||
Existing assets related to capital leases accounted for under prior guidance | 3,800,000 | |||||||||||||||
Existing liabilities related to capital leases accounted for under prior guidance | $ 3,400,000 | |||||||||||||||
ESH REIT | Accumulated Other Comprehensive Income (Loss) | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | (664,000) | |||||||||||||||
ESH REIT | Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2017-12 | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | $ (700,000) | |||||||||||||||
ESH REIT | Retained Earnings (Accumulated Deficit) | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Cumulative effect adjustment | $ 664,000 | |||||||||||||||
ESH REIT | Hotel | Disposed of by Sale | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 1,000 | 14,000 | 1,000 | 25,000 | 1,000 | |||||||||||
ESH REIT | Hotel | CANADA | Disposed of by Sale | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 3,000 | |||||||||||||||
ESH REIT | Hotel | CANADA | Disposed of by Sale | Extended Stay Canada | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||||||
Fair Value, Inputs, Level 3 | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | 43,600,000 | $ 25,200,000 | 9,800,000 | |||||||||||||
Fair Value, Inputs, Level 3 | CANADA | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | 12,400,000 | |||||||||||||||
Fair Value, Inputs, Level 3 | ESH REIT | ||||||||||||||||
Summary Of Significant Accounting Policies [Line Items] | ||||||||||||||||
Impairment charge related to Property and Equipment | $ 0 | $ 15,000,000 | $ 0 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Depreciation and Amortization of Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Customer Relationships | |
Property, Plant and Equipment [Line Items] | |
Estimated Useful Life | 20 years |
Hotel Buildings | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 7 years |
Hotel Buildings | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 49 years |
Hotel Buildings | ESH REIT | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 7 years |
Hotel Buildings | ESH REIT | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 49 years |
Hotel Building Improvements | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 4 years |
Hotel Building Improvements | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 39 years |
Hotel Building Improvements | ESH REIT | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 4 years |
Hotel Building Improvements | ESH REIT | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 39 years |
Hotel Site Improvements | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Site Improvements | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 20 years |
Hotel Site Improvements | ESH REIT | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 2 years |
Hotel Site Improvements | ESH REIT | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 20 years |
Hotel Furniture Fixtures And Equipment | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 2 years |
Hotel Furniture Fixtures And Equipment | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 10 years |
Hotel Furniture Fixtures And Equipment | ESH REIT | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Hotel Furniture Fixtures And Equipment | ESH REIT | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 10 years |
Corporation Office Furniture Fixtures, Equipment, Software And Other | Minimum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 3 years |
Corporation Office Furniture Fixtures, Equipment, Software And Other | Maximum | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life | 15 years |
Net Income Per Share - Calculat
Net Income Per Share - Calculations of Basic and Diluted Net Income Per Share, Including a Reconciliation of Numerators and Denominators (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Numerator: | |||||||||||
Net income | $ 39,399 | $ 75,692 | $ 65,570 | $ 31,095 | $ 40,150 | $ 66,250 | $ 49,725 | $ 16,063 | $ 211,756 | $ 172,188 | $ 163,352 |
Net income available to Extended Stay America, Inc. common shareholders - basic | $ (38,946) | $ 71,902 | $ 65,056 | $ 14,852 | $ (49,905) | $ 53,876 | $ 51,775 | $ 23,101 | 112,864 | 78,847 | 69,932 |
Income attributable to noncontrolling interests assuming conversion | (128) | (392) | (43) | ||||||||
Net income available to Extended Stay America, Inc. common shareholders - diluted | $ 112,736 | $ 78,455 | $ 69,889 | ||||||||
Denominator: | |||||||||||
Weighted-average number of Extended Stay America, Inc. common shares outstanding - basic (in shares) | 189,389 | 193,101 | 200,572 | ||||||||
Dilutive securities (in shares) | 432 | 569 | 164 | ||||||||
Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted (in shares) | 189,821 | 193,670 | 200,736 | ||||||||
Net income per common share-basic (in dollars per share) | $ (0.21) | $ 0.38 | $ 0.34 | $ 0.08 | $ (0.26) | $ 0.28 | $ 0.27 | $ 0.12 | $ 0.60 | $ 0.41 | $ 0.35 |
Net income per common share-diluted (in dollars per share) | $ (0.21) | $ 0.38 | $ 0.34 | $ 0.08 | $ (0.26) | $ 0.28 | $ 0.27 | $ 0.12 | $ 0.59 | $ 0.41 | $ 0.35 |
Anti-dilutive securities excluded from net income per common share - Class B - diluted (in shares) | 400 | 500 | |||||||||
ESH REIT | |||||||||||
Numerator: | |||||||||||
Net income | $ 182,537 | $ 8,821 | $ 1,190 | $ 37,581 | $ 207,338 | $ 28,486 | $ (4,724) | $ (16,116) | $ 230,129 | $ 214,984 | $ 212,207 |
Less preferred dividends | (16) | (16) | (16) | ||||||||
Net income available to Extended Stay America, Inc. common shareholders - basic | 230,113 | 214,968 | 212,191 | ||||||||
Denominator: | |||||||||||
Anti-dilutive securities excluded from net income per common share - Class B - diluted (in shares) | 300 | ||||||||||
ESH REIT | Common Class A | |||||||||||
Numerator: | |||||||||||
Net income available to Extended Stay America, Inc. common shareholders - basic | 131,039 | 121,627 | 118,787 | ||||||||
Income attributable to noncontrolling interests assuming conversion | (128) | (392) | (43) | ||||||||
Net income available to Extended Stay America, Inc. common shareholders - diluted | $ 130,911 | $ 121,235 | $ 118,744 | ||||||||
Denominator: | |||||||||||
Weighted average number of common shares outstanding - basic and diluted (in shares) | 250,494 | 250,494 | 250,494 | ||||||||
Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted (in shares) | 250,494 | 250,494 | 250,494 | ||||||||
Net income per common share-basic (in dollars per share) | $ 0.42 | $ 0.02 | $ 0 | $ 0.08 | $ 0.47 | $ 0.06 | $ (0.01) | $ (0.04) | $ 0.52 | $ 0.49 | $ 0.47 |
Net income per common share-diluted (in dollars per share) | 0.42 | 0.02 | 0 | 0.08 | 0.47 | 0.06 | (0.01) | (0.04) | $ 0.52 | $ 0.48 | $ 0.47 |
ESH REIT | Common Class B | |||||||||||
Numerator: | |||||||||||
Net income available to Extended Stay America, Inc. common shareholders - basic | $ 99,074 | $ 93,341 | $ 93,404 | ||||||||
Income attributable to noncontrolling interests assuming conversion | 128 | 0 | 43 | ||||||||
Net income available to Extended Stay America, Inc. common shareholders - diluted | $ 99,202 | $ 93,341 | $ 93,447 | ||||||||
Denominator: | |||||||||||
Weighted-average number of Extended Stay America, Inc. common shares outstanding - basic (in shares) | 189,389 | 193,101 | 200,572 | ||||||||
Dilutive securities (in shares) | 432 | 0 | 164 | ||||||||
Weighted-average number of Extended Stay America, Inc. common shares outstanding - diluted (in shares) | 189,821 | 193,101 | 200,736 | ||||||||
Net income per common share-basic (in dollars per share) | 0.42 | 0.02 | 0 | 0.08 | 0.47 | 0.06 | (0.01) | (0.04) | $ 0.52 | $ 0.48 | $ 0.47 |
Net income per common share-diluted (in dollars per share) | $ 0.42 | $ 0.02 | $ 0 | $ 0.08 | $ 0.47 | $ 0.06 | $ (0.01) | $ (0.04) | $ 0.52 | $ 0.48 | $ 0.47 |
Anti-dilutive securities excluded from net income per common share - Class B - diluted (in shares) | 0 | 569 | 0 |
Hotel Acquisitions and Dispos_3
Hotel Acquisitions and Dispositions - Purchase Price Allocation Among Assets Acquired and Liabilities Assumed (Details) - Legacy Rock Hill, LLC $ in Thousands | May 30, 2018USD ($) |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Land and site improvements | $ 1,397 |
Building and improvements | 10,488 |
Furniture, fixtures and equipment | 1,115 |
Total purchase price | 13,000 |
ESH REIT | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Land and site improvements | 1,397 |
Building and improvements | 10,488 |
Furniture, fixtures and equipment | 1,115 |
Total purchase price | $ 13,000 |
ESH REIT | Land and site improvements | Minimum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 3 years |
ESH REIT | Land and site improvements | Maximum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 20 years |
ESH REIT | Building and improvements | Minimum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 4 years |
ESH REIT | Building and improvements | Maximum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 49 years |
ESH REIT | Furniture, fixtures and equipment | Minimum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 2 years |
ESH REIT | Furniture, fixtures and equipment | Maximum | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
Estimated useful life | 10 years |
Hotel Acquisitions and Dispos_4
Hotel Acquisitions and Dispositions - Additional Information (Detail) $ in Thousands, $ in Millions | Sep. 28, 2018USD ($)Hotel | Sep. 25, 2018USD ($)Hotel | May 30, 2018USD ($) | Nov. 30, 2018USD ($)Hotel | Sep. 30, 2018USD ($)Hotel | Mar. 31, 2018USD ($)Hotel | Feb. 28, 2018USD ($)Hotel | Dec. 31, 2017CAD ($) | Dec. 31, 2017USD ($)Hotel | May 31, 2017USD ($)Hotel | Dec. 31, 2018USD ($) | Sep. 30, 2018USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2018USD ($)Hotel | Dec. 31, 2017USD ($)Hotel | Sep. 30, 2017USD ($) | Jun. 30, 2017USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017CAD ($) | Dec. 31, 2017USD ($)Hotel | Sep. 30, 2018USD ($) | Dec. 31, 2018CAD ($)Hotel | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)Hotel | Dec. 31, 2016USD ($) | Dec. 31, 2018USD ($)Hotel |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 | |||||||||||||||||||||||
Income from operations | $ 75,242 | $ 121,462 | $ 112,504 | $ 68,729 | $ 91,784 | $ 117,918 | $ 98,442 | $ 52,931 | 377,937 | 361,075 | 360,664 | |||||||||||||||
Hotel properties, carrying value | $ 3,753,134 | 3,753,134 | $ 3,753,134 | 3,753,134 | $ 3,453,632 | |||||||||||||||||||||
Gain (loss) on sale of hotel properties | 42,478 | 9,973 | ||||||||||||||||||||||||
ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Income from operations | $ 211,658 | 39,578 | $ 34,253 | 69,313 | 241,320 | $ 60,589 | $ 28,946 | $ 16,054 | 354,802 | 346,909 | 374,456 | |||||||||||||||
Hotel properties, carrying value | $ 3,775,640 | $ 3,775,640 | 3,775,640 | 3,775,640 | 3,467,645 | |||||||||||||||||||||
Gain (loss) on sale of hotel properties | (5,624) | $ 8,562 | $ 0 | |||||||||||||||||||||||
Disposed of by Sale | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Total consideration | $ 36,900 | $ 122,600 | $ 44,800 | $ 112,100 | 122,600 | 44,800 | $ 122,600 | |||||||||||||||||||
Hotel properties, carrying value | 34,600 | $ 116,900 | $ 13,100 | 104,700 | 116,900 | 13,100 | 116,900 | $ 56.7 | 41,200 | |||||||||||||||||
Gain (loss) on sale of hotel properties | 3,300 | (1.9) | ||||||||||||||||||||||||
Gross consideration received | $ 76 | $ 55,300 | ||||||||||||||||||||||||
Accumulated foreign currency translation loss | $ 14,500 | |||||||||||||||||||||||||
Number of properties sold | Hotel | 32 | 1 | ||||||||||||||||||||||||
Disposed of by Sale | ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Total consideration | 36,900 | $ 122,600 | $ 44,800 | 112,100 | 122,600 | 44,800 | 122,600 | |||||||||||||||||||
Hotel properties, carrying value | $ 50,900 | 146,100 | $ 13,200 | $ 107,200 | $ 146,100 | $ 13,200 | $ 146,100 | |||||||||||||||||||
Gain (loss) on sale of hotel properties | $ (26,000) | 35,300 | ||||||||||||||||||||||||
Number of properties sold | Hotel | 14 | 32 | 1 | 25 | ||||||||||||||||||||||
Disposed of by Sale | Investments Sold February 2018 | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Gain (loss) on sale of hotel properties | 37,900 | |||||||||||||||||||||||||
Disposed of by Sale | Investments Sold February 2018 | ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Gain (loss) on sale of hotel properties | $ (14,900) | |||||||||||||||||||||||||
Disposed of by Sale | Hotel | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 2 | 2 | 2 | 2 | ||||||||||||||||||||||
Disposed of by Sale | Hotel | Extended Stay America | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 16 | 16 | 14 | 1 | 25 | 1 | 1 | 1 | 1 | 1 | ||||||||||||||||
Gain (Loss) on Sale | $ (3,014) | $ 6,293 | $ 1,331 | $ 31,058 | $ 6,810 | $ 11,870 | ||||||||||||||||||||
Hotel properties, carrying value | 9,200 | $ 9,200 | $ 9,200 | $ 9,200 | ||||||||||||||||||||||
Gain (loss) on sale of hotel properties | $ (11.9) | |||||||||||||||||||||||||
Gross consideration received | $ 21,400 | $ 21,400 | $ 21,400 | $ 21,400 | ||||||||||||||||||||||
Disposed of by Sale | Hotel | Extended Stay Canada | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||||||||||||||||
Gain (Loss) on Sale | $ (1,894) | |||||||||||||||||||||||||
Disposed of by Sale | Hotel | CANADA | Extended Stay Canada | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 3 | 3 | ||||||||||||||||||||||||
Disposed of by Sale | Hotel | ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 14,000 | 1,000 | 25,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||||||||||||
Gain (Loss) on Sale | $ (14,930) | $ 30,992 | $ 4,269 | $ 11,836 | $ (1,767) | |||||||||||||||||||||
Disposed of by Sale | Hotel | ESH REIT | Extended Stay America | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 2 | 2 | 2 | 2 | ||||||||||||||||||||||
Hotel properties, carrying value | $ 11,000 | $ 11,000 | $ 11,000 | $ 11,000 | ||||||||||||||||||||||
Gain (loss) on sale of hotel properties | $ (10.1) | |||||||||||||||||||||||||
Gross consideration received | $ 21,400 | $ 21,400 | $ 21,400 | $ 21,400 | ||||||||||||||||||||||
Disposed of by Sale | Hotel | ESH REIT | CANADA | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 3,000 | |||||||||||||||||||||||||
Gain (Loss) on Sale | $ (1,507) | |||||||||||||||||||||||||
Disposed of by Sale | Hotel | ESH REIT | CANADA | Extended Stay Canada | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Number of hotel properties | Hotel | 3 | 3 | 3 | 3 | ||||||||||||||||||||||
Hotel properties, carrying value | $ 51.2 | $ 37,300 | ||||||||||||||||||||||||
Gain (loss) on sale of hotel properties | (1.5) | |||||||||||||||||||||||||
Gross consideration received | $ 67.4 | $ 49,000 | ||||||||||||||||||||||||
Accumulated foreign currency translation loss | 12,500 | |||||||||||||||||||||||||
Legacy Rock Hill, LLC | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Income from operations | 100 | |||||||||||||||||||||||||
Legacy Rock Hill, LLC | ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Cash consideration | $ 13,000 | |||||||||||||||||||||||||
Legal, professional and other costs related to acquisitions | 200 | |||||||||||||||||||||||||
Income from operations | 200 | |||||||||||||||||||||||||
Legacy Rock Hill, LLC | Occupancy Hotel and Other | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Revenues | 1,100 | |||||||||||||||||||||||||
Legacy Rock Hill, LLC | Occupancy Hotel and Other | ESH REIT | ||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||
Revenues | $ 700 |
Hotel Acquisitions and Dispos_5
Hotel Acquisitions and Dispositions Hotel Acquisitions and Dispositions - Summary of Hotel Dispositions (Details) $ in Thousands | Sep. 28, 2018USD ($)RoomHotel | Sep. 25, 2018USD ($)RoomHotel | Nov. 30, 2018USD ($)RoomHotel | Sep. 30, 2018USD ($)RoomHotel | Mar. 31, 2018USD ($)RoomHotel | Feb. 28, 2018USD ($)RoomHotel | Dec. 31, 2017USD ($)RoomHotel | May 31, 2017USD ($)RoomHotel | Dec. 31, 2017USD ($)RoomHotel | Dec. 31, 2018USD ($)Hotel | Dec. 31, 2017USD ($)RoomHotel | Dec. 31, 2016USD ($) |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Net Proceeds | $ 309,062 | $ 63,936 | $ 0 | |||||||||
Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Accumulated foreign currency translation loss | $ 14,500 | |||||||||||
Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 2 | 2 | 2 | |||||||||
Extended Stay America | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 16 | 16 | 14 | 1 | 25 | 1 | 1 | 1 | ||||
Number of Rooms | Room | 1,776 | 1,680 | 1,369 | 101 | 2,430 | 160 | 160 | 160 | ||||
Net Proceeds | $ 58,144 | $ 60,710 | $ 34,855 | $ 44,090 | $ 111,156 | $ 15,985 | ||||||
Gain (Loss) on Sale | (3,014) | 6,293 | 1,331 | $ 31,058 | 6,810 | $ 11,870 | ||||||
Impairment charges | $ 6,300 | $ 24,300 | $ 16,800 | $ 2,100 | ||||||||
Extended Stay Canada | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||
Number of Rooms | Room | 500 | |||||||||||
Net Proceeds | $ 43,551 | |||||||||||
Gain (Loss) on Sale | $ (1,894) | |||||||||||
Other Hotel Brand | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 1 | |||||||||||
Number of Rooms | Room | 103 | |||||||||||
Net Proceeds | $ 5,092 | |||||||||||
Gain (Loss) on Sale | (2) | |||||||||||
Impairment charges | $ 1,700 | |||||||||||
CANADA | Extended Stay Canada | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||
ESH REIT | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Net Proceeds | $ 309,062 | $ 57,989 | $ 0 | |||||||||
ESH REIT | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Impairment charges | 15,000 | |||||||||||
ESH REIT | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 14,000 | 1,000 | 25,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||
Number of Rooms | Room | 1,369 | 101 | 2,430 | 160 | 103 | 160 | 160 | |||||
Net Proceeds | $ 34,855 | $ 44,090 | $ 111,156 | $ 15,985 | $ 5,092 | |||||||
Gain (Loss) on Sale | $ (14,930) | $ 30,992 | $ 4,269 | $ 11,836 | $ (1,767) | |||||||
ESH REIT | Extended Stay America | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 2 | 2 | 2 | |||||||||
ESH REIT | Various 1 | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 16,000 | |||||||||||
Number of Rooms | Room | 1,680 | |||||||||||
Net Proceeds | $ 60,710 | |||||||||||
Gain (Loss) on Sale | $ (17,025) | |||||||||||
ESH REIT | Various 2 | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 16,000 | |||||||||||
Number of Rooms | Room | 1,776 | |||||||||||
Net Proceeds | $ 58,144 | |||||||||||
Gain (Loss) on Sale | $ (8,934) | |||||||||||
ESH REIT | CANADA | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 3,000 | |||||||||||
Number of Rooms | Room | 500 | |||||||||||
Net Proceeds | $ 43,551 | |||||||||||
Gain (Loss) on Sale | $ (1,507) | |||||||||||
ESH REIT | CANADA | Extended Stay Canada | Hotel | Disposed of by Sale | ||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||
Number of hotel properties | Hotel | 3 | 3 | 3 | |||||||||
Impairment charges | 15,000 | |||||||||||
Accumulated foreign currency translation loss | $ 12,500 |
Hotel Acquisitions and Dispos_6
Hotel Acquisitions and Dispositions - Summary of Revenues and Expenses (Detail) $ in Thousands, $ in Millions | 3 Months Ended | 8 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2018USD ($)Hotel | Sep. 30, 2018USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2018USD ($)Hotel | Dec. 31, 2017USD ($)Hotel | Sep. 30, 2017USD ($) | Jun. 30, 2017USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017CAD ($)Hotel | Dec. 31, 2018CAD ($)Hotel | Dec. 31, 2018USD ($)Hotel | Dec. 31, 2017CAD ($)Hotel | Dec. 31, 2017USD ($)Hotel | Dec. 31, 2016CAD ($) | Dec. 31, 2016USD ($) | Nov. 30, 2018Hotel | Feb. 28, 2018Hotel | May 31, 2017Hotel | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Total room and other hotel revenues | $ 289,715 | $ 351,076 | $ 336,501 | $ 297,767 | $ 302,505 | $ 350,866 | $ 338,363 | $ 290,991 | ||||||||||
Impairment charges | $ 43,600 | $ 25,169 | $ 9,828 | |||||||||||||||
ESH REIT | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Impairment charges | 0 | 15,046 | 0 | |||||||||||||||
Disposed of by Sale | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Total room and other hotel revenues | 53,494 | 102,593 | 111,015 | |||||||||||||||
Total operating expenses | 83,336 | 104,511 | 96,222 | |||||||||||||||
(Loss) income before income tax expense (1) | (29,842) | (1,605) | 15,127 | |||||||||||||||
Impairment charges | $ 12.4 | $ 37.4 | $ 19.2 | $ 7.1 | ||||||||||||||
Disposed of by Sale | ESH REIT | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Impairment charges | 15,000 | |||||||||||||||||
Rental revenues from Extended Stay America, Inc. | 22,346 | 54,097 | 59,865 | |||||||||||||||
Total operating expenses | 15,917 | 48,858 | 32,138 | |||||||||||||||
(Loss) income before income tax expense (1) | $ 6,429 | $ 5,552 | $ 28,062 | |||||||||||||||
Disposed of by Sale | Hotel | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Number of hotel properties | Hotel | 2 | 2 | 2 | 2 | ||||||||||||||
Disposed of by Sale | Hotel | ESH REIT | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Number of hotel properties | Hotel | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 14,000 | 25,000 | 1,000 | ||||||||||
Disposed of by Sale | CANADA | Hotel | ESH REIT | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Number of hotel properties | Hotel | 3,000 | |||||||||||||||||
Disposed of by Sale | Extended Stay Canada | Hotel | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Number of hotel properties | Hotel | 3 | |||||||||||||||||
Disposed of by Sale | Extended Stay Canada | CANADA | Hotel | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Number of hotel properties | Hotel | 3 | 3 | 3 | |||||||||||||||
Disposed of by Sale | Extended Stay Canada | CANADA | Hotel | ESH REIT | ||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||
Impairment charges | $ 15,000 | |||||||||||||||||
Number of hotel properties | Hotel | 3 | 3 | 3 | 3 |
Property and Equipment - Net In
Property and Equipment - Net Investment in Property and Equipment (Detail) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Property, Plant and Equipment [Line Items] | ||
Total cost | $ 4,671,737 | $ 4,895,933 |
Less accumulated depreciation | (1,218,105) | (1,142,799) |
Property and equipment—net | 3,453,632 | 3,753,134 |
ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,683,544 | 4,918,804 |
Less accumulated depreciation | (1,215,899) | (1,143,164) |
Property and equipment—net | 3,467,645 | 3,775,640 |
Land and site improvements | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,215,710 | 1,286,784 |
Capital lease asset | 3,200 | 0 |
Land and site improvements | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,218,077 | 1,289,152 |
Capital lease asset | 3,200 | 0 |
Building and improvements | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 2,729,661 | 2,934,048 |
Building and improvements | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 2,756,674 | 2,970,404 |
Furniture, fixtures and equipment | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 674,545 | 649,487 |
Furniture, fixtures and equipment | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 679,944 | 655,120 |
Total hotel properties | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,619,916 | 4,870,319 |
Less accumulated depreciation | (1,201,260) | (1,128,465) |
Total hotel properties | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 4,654,695 | 4,914,676 |
Development in process | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 27,174 | 2,453 |
Capital lease asset | 600 | 0 |
Development in process | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 27,174 | 2,453 |
Capital lease asset | 600 | 0 |
Corporate furniture, fixtures, equipment, software and other | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 22,972 | 21,486 |
Less accumulated depreciation | (16,845) | (14,334) |
Undeveloped land parcel | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | 1,675 | 1,675 |
Undeveloped land parcel | ESH REIT | ||
Property, Plant and Equipment [Line Items] | ||
Total cost | $ 1,675 | $ 1,675 |
Property and Equipment - Additi
Property and Equipment - Additional Information (Detail) | 1 Months Ended | 12 Months Ended | ||
Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($)ParcelHotel | Dec. 31, 2017USD ($)Hotel | Dec. 31, 2016USD ($)Hotel | |
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $ 43,600,000 | $ 25,169,000 | $ 9,828,000 | |
Fair Value, Inputs, Level 3 | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $ 43,600,000 | $ 25,200,000 | $ 9,800,000 | |
Number of hotels impaired | Hotel | 21 | 9 | 3 | |
Fair Value, Inputs, Level 3 | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Fair value inputs, terminal capitalization rate (as a percent) | 7.00% | |||
Fair Value, Inputs, Level 3 | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Fair value inputs, terminal capitalization rate (as a percent) | 11.00% | |||
Fair Value, Inputs, Level 3 | Measurement Input, Discount Rate | Minimum | ||||
Property, Plant and Equipment [Line Items] | ||||
Fair value inputs, discount rate (as a percent) | 6.00% | |||
Fair Value, Inputs, Level 3 | Measurement Input, Discount Rate | Maximum | ||||
Property, Plant and Equipment [Line Items] | ||||
Fair value inputs, discount rate (as a percent) | 10.00% | |||
ESH REIT | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $ 0 | $ 15,046,000 | $ 0 | |
ESH REIT | Fair Value, Inputs, Level 3 | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $ 0 | 15,000,000 | $ 0 | |
CANADA | Fair Value, Inputs, Level 3 | ||||
Property, Plant and Equipment [Line Items] | ||||
Impairment charges | $ 12,400,000 | |||
Legacy Greenville | ||||
Property, Plant and Equipment [Line Items] | ||||
Cash consideration | $ 12,300,000 | |||
Legacy Greenville | ESH REIT | ||||
Property, Plant and Equipment [Line Items] | ||||
Cash consideration | $ 12,300,000 | |||
Development in process | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of land parcels | Parcel | 11 | |||
Development in process | ESH REIT | ||||
Property, Plant and Equipment [Line Items] | ||||
Number of land parcels | Parcel | 11 |
Intangible Assets and Goodwil_2
Intangible Assets and Goodwill - Company's Intangible Assets and Goodwill (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | $ 39,779 | $ 36,733 |
Intangible assets, Accumulated Amortization | (11,065) | (9,690) |
Intangible assets, Net Book Value | 28,714 | 27,043 |
Total | 17,661 | |
Goodwill, Gross Carrying Amount | 45,192 | 48,866 |
Goodwill, Net Book Value | 45,192 | 48,866 |
Total intangible assets and goodwill, Gross Carrying Amount | 84,971 | 85,599 |
Total definite-lived intangible assets, Accumulated Amortization | (11,065) | (9,690) |
Total intangible assets and goodwill, Net Book Value | $ 73,906 | 75,909 |
Customer Relationships | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Estimated Useful Life | 20 years | |
Intangible assets, Gross Carrying Amount | $ 26,800 | 26,800 |
Intangible assets, Accumulated Amortization | (11,029) | (9,690) |
Total | 15,771 | 17,110 |
Total definite-lived intangible assets, Accumulated Amortization | (11,029) | (9,690) |
PMS Software License | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 1,926 | |
Intangible assets, Accumulated Amortization | (36) | |
Total | 1,890 | |
Total definite-lived intangible assets, Accumulated Amortization | (36) | |
Software in Process | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 870 | |
Intangible assets, Accumulated Amortization | 0 | |
Total | 870 | |
Total definite-lived intangible assets, Accumulated Amortization | 0 | |
Trademarks | ||
Finite Lived And Indefinite Lived Intangible Assets [Line Items] | ||
Intangible assets, Gross Carrying Amount | 10,183 | 9,933 |
Intangible assets, Net Book Value | $ 10,183 | $ 9,933 |
Intangible Assets and Goodwil_3
Intangible Assets and Goodwill - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Weighted-average amortization period remaining for definite-lived intangible assets | 11 years |
Intangible Assets and Goodwil_4
Intangible Assets and Goodwill - Estimated Future Amortization Expense for Definite-lived Intangible Assets (Detail) $ in Thousands | Dec. 31, 2018USD ($) |
Goodwill and Intangible Assets Disclosure [Abstract] | |
2,019 | $ 1,558 |
2,020 | 1,554 |
2,021 | 1,554 |
2,022 | 1,554 |
2,023 | 1,554 |
Thereafter | 9,887 |
Total | $ 17,661 |
Debt - Debt Transactions (Detai
Debt - Debt Transactions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Debt Outstanding [Roll Forward] | |||
Debt, net of deferred financing costs and debt discount(s) - beginning of year | $ 2,534,768 | $ 2,585,274 | |
Additions: | |||
Proceeds from revolving credit facilities | 0 | 105,000 | $ 70,000 |
Amortization and write-off of deferred financing costs and debt discount | 7,954 | 7,437 | |
Deductions: | |||
Payments on term loan facilities | (147,215) | (12,943) | |
Payments on revolving credit facility | 0 | (150,000) | |
Debt, net of deferred financing costs and debt discount(s) - end of year | 2,395,507 | 2,534,768 | 2,585,274 |
ESH REIT | |||
Debt Outstanding [Roll Forward] | |||
Debt, net of deferred financing costs and debt discount(s) - beginning of year | 2,534,768 | 2,635,274 | |
Additions: | |||
Proceeds from revolving credit facilities | 0 | 105,000 | 70,000 |
Amortization and write-off of deferred financing costs and debt discount | 7,954 | 7,437 | |
Deductions: | |||
Payments on term loan facilities | (147,215) | (12,943) | |
Payments on loan payable to Extended Stay America, Inc. | 0 | (50,000) | (25,000) |
Payments on revolving credit facility | 0 | (150,000) | |
Debt, net of deferred financing costs and debt discount(s) - end of year | $ 2,395,507 | $ 2,534,768 | $ 2,635,274 |
Debt - Company's Outstanding De
Debt - Company's Outstanding Debt, Unamortized Deferred Financing Costs and Discount (Detail) - USD ($) | Aug. 30, 2016 | Dec. 31, 2018 | May 31, 2018 | Feb. 28, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Debt Instrument [Line Items] | ||||||||
Term loan facilities, carrying amount | $ 1,121,713,000 | $ 1,121,713,000 | $ 1,265,112,000 | |||||
Senior notes, carrying amount | 1,273,794,000 | 1,273,794,000 | 1,269,656,000 | |||||
Total, carrying amount | 2,423,930,000 | 2,423,930,000 | 2,568,901,000 | |||||
Unamortized Deferred Financing Costs | 30,184,000 | 30,184,000 | 36,554,000 | |||||
Debt extinguishment costs | 1,183,000 | 2,351,000 | $ 3,999,000 | |||||
Interest Rate Swap | Designated as Hedging Instrument | ||||||||
Debt Instrument [Line Items] | ||||||||
Notional amount | 300,000,000 | 300,000,000 | ||||||
ESH REIT 2016 Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 3.00% | |||||||
Term loan facility | ESH REIT 2016 Term Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 1,300,000,000 | 1,300,000,000 | ||||||
Term loan facilities, carrying amount | 1,132,259,000 | 1,132,259,000 | 1,278,545,000 | |||||
Unamortized Deferred Financing Costs | $ 10,546,000 | $ 10,546,000 | $ 13,433,000 | |||||
Interest Rate | 4.15% | 4.15% | 3.69% | |||||
Term loan facility | ESH REIT 2016 Term Facility | London Interbank Offered Rate (LIBOR) | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 2.00% | |||||||
Term loan facility | Term Loan Facility, 2016 | Term Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Revolving credit facility, capacity | $ 1,300,000,000 | |||||||
Term loan facility | Term Loan Facility, 2016 | Base Rate | Term Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt extinguishment costs | $ 75,000,000 | $ 60,000,000 | ||||||
Senior notes | ESH REIT 2025 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 1,300,000,000 | $ 1,300,000,000 | ||||||
Senior notes, carrying amount | 1,291,671,000 | 1,291,671,000 | $ 1,290,356,000 | |||||
Unamortized Deferred Financing Costs | $ 17,877,000 | $ 17,877,000 | $ 20,700,000 | |||||
Stated Interest Rate | 5.25% | 5.25% | ||||||
Interest Rate | 5.25% | 5.25% | 5.25% | |||||
Line of Credit | ESH REIT 2016 Revolving Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | $ 350,000,000 | $ 350,000,000 | ||||||
Revolving credit facilities, carrying amount | 0 | 0 | $ 0 | |||||
Unamortized Deferred Financing Costs | 1,469,000 | $ 1,469,000 | 2,020,000 | |||||
Line of Credit | ESH REIT 2016 Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 2.75% | |||||||
Line of Credit | Corporation Revolving 2016 Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 50,000,000 | $ 50,000,000 | ||||||
Revolving credit facilities, carrying amount | 0 | 0 | 0 | |||||
Unamortized Deferred Financing Costs | 292,000 | $ 292,000 | 401,000 | |||||
Line of Credit | Corporation Revolving 2016 Credit Facility | London Interbank Offered Rate (LIBOR) | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 3.00% | |||||||
Line of Credit | Unsecured Intercompany Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | $ 75,000,000 | 75,000,000 | $ 75,000,000 | |||||
Unsecured intercompany facility, carrying amount | 0 | 0 | 0 | |||||
Unamortized Deferred Financing Costs | $ 0 | $ 0 | $ 0 | |||||
Stated Interest Rate | 5.00% | 5.00% | ||||||
Interest Rate | 5.00% | 5.00% | 5.00% | |||||
ESH REIT | ||||||||
Debt Instrument [Line Items] | ||||||||
Term loan facilities, carrying amount | $ 1,121,713,000 | $ 1,121,713,000 | $ 1,265,112,000 | |||||
Senior notes, carrying amount | 1,273,794,000 | 1,273,794,000 | 1,269,656,000 | |||||
Total, carrying amount | 2,423,930,000 | 2,423,930,000 | 2,568,901,000 | |||||
Unamortized Deferred Financing Costs | 29,892,000 | 29,892,000 | 36,153,000 | |||||
Debt extinguishment costs | $ 1,183,000 | 2,351,000 | $ 3,999,000 | |||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | |||||||
ESH REIT | Interest Rate Swap | Designated as Hedging Instrument | ||||||||
Debt Instrument [Line Items] | ||||||||
Notional amount | 300,000,000 | $ 300,000,000 | ||||||
ESH REIT | ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 1.00% | |||||||
Line of credit facility increase (up to) | 600,000,000 | $ 600,000,000 | ||||||
Revolving credit facility, capacity | $ 350,000,000 | |||||||
ESH REIT | ESH REIT 2016 Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Minimum | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 2.25% | |||||||
ESH REIT | ESH REIT 2016 Revolving Credit Facility | Base Rate | Revolving Credit Facility | Minimum | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 1.25% | |||||||
ESH REIT | Term loan facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | |||||||
ESH REIT | Term loan facility | ESH REIT 2016 Term Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 1,300,000,000 | $ 1,300,000,000 | ||||||
Term loan facilities, carrying amount | 1,132,259,000 | 1,132,259,000 | 1,278,545,000 | |||||
Unamortized Deferred Financing Costs | $ 10,546,000 | $ 10,546,000 | $ 13,433,000 | |||||
Interest Rate | 4.15% | 4.15% | 3.69% | |||||
ESH REIT | Term loan facility | ESH REIT 2016 Term Facility | London Interbank Offered Rate (LIBOR) | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 2.00% | |||||||
ESH REIT | Term loan facility | Term Loan Facility, 2016 | Term Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Periodic payment | $ 3,100,000 | |||||||
Repayments of debt | $ 75,000,000 | $ 12,200,000 | $ 60,000,000 | |||||
Unamortized discount | 4,300,000 | 4,300,000 | $ 5,300,000 | |||||
Fixed rate (as a percent) | 1.175% | |||||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | |||||||
ESH REIT | Senior notes | ESH REIT 2025 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 1,300,000,000 | 1,300,000,000 | ||||||
Senior notes, carrying amount | 1,291,671,000 | 1,291,671,000 | 1,290,356,000 | |||||
Unamortized Deferred Financing Costs | $ 17,877,000 | $ 17,877,000 | $ 20,700,000 | |||||
Stated Interest Rate | 5.25% | 5.25% | ||||||
Interest Rate | 5.25% | 5.25% | 5.25% | |||||
Unamortized discount | $ 8,300,000 | $ 8,300,000 | $ 9,600,000 | |||||
ESH REIT | Line of Credit | ESH REIT 2016 Revolving Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Amount | 350,000,000 | 350,000,000 | ||||||
Revolving credit facilities, carrying amount | 0 | 0 | 0 | |||||
Unamortized Deferred Financing Costs | 1,469,000 | $ 1,469,000 | 2,020,000 | |||||
ESH REIT | Line of Credit | ESH REIT 2016 Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | ||||||||
Debt Instrument [Line Items] | ||||||||
Spread on base rate (as a percent) | 2.75% | |||||||
ESH REIT | Line of Credit | Unsecured Intercompany Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Unsecured intercompany facility, carrying amount | 0 | $ 0 | 0 | |||||
Unamortized Deferred Financing Costs | $ 0 | $ 0 | $ 0 | |||||
Stated Interest Rate | 5.00% | 5.00% | ||||||
Interest Rate | 5.00% | 5.00% | 5.00% | |||||
ESH REIT | Unsecured Debt | Unsecured Intercompany Facility | Line of Credit | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated Interest Rate | 5.00% | |||||||
Revolving credit facility, capacity | $ 75,000,000 | $ 0 | $ 0 | |||||
Revolving credit facility, additional accordion feature | $ 300,000,000 | $ 300,000,000 | $ 300,000,000 |
Debt - Additional Information (
Debt - Additional Information (Details) | Aug. 30, 2016USD ($) | Dec. 31, 2018USD ($)$ / sharesshares | May 31, 2018USD ($) | Feb. 28, 2018USD ($) | Dec. 31, 2018USD ($)letter_of_credit$ / sharesshares | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2016USD ($) | Mar. 31, 2016USD ($) | May 31, 2015USD ($) |
Debt Instrument [Line Items] | |||||||||
Debt extinguishment costs | $ 1,183,000 | $ 2,351,000 | $ 3,999,000 | ||||||
Estimated fair value | $ 2,300,000,000 | $ 2,300,000,000 | $ 2,600,000,000 | ||||||
Mandatorily Redeemable Preferred Stock | |||||||||
Debt Instrument [Line Items] | |||||||||
Preferred stock, shares authorized (in shares) | shares | 350,000,000 | 350,000,000 | 350,000,000 | ||||||
Preferred stock, par value (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | $ 0.01 | ||||||
Preferred stock, shares issued (in shares) | shares | 7,130 | 7,130 | 7,133 | ||||||
Estimated fair value | $ 7,000,000 | $ 7,000,000 | $ 7,100,000 | ||||||
Preferred stock, dividend rate (as a percent) | 8.00% | 8.00% | |||||||
Preferred stock, redemption value (in dollars per share) | $ / shares | $ 1,000 | $ 1,000 | |||||||
ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | ||||||||
Preferred stock, shares authorized (in shares) | shares | 125 | 125 | 125 | ||||||
Preferred stock, shares issued (in shares) | shares | 125 | 125 | 125 | ||||||
Debt extinguishment costs | $ 1,183,000 | $ 2,351,000 | $ 3,999,000 | ||||||
Estimated fair value | $ 2,300,000,000 | $ 2,300,000,000 | $ 2,600,000,000 | ||||||
Preferred stock, redemption value (in dollars per share) | $ / shares | $ 1,000 | $ 1,000 | $ 1,000 | ||||||
ESH REIT | Mandatorily Redeemable Preferred Stock | |||||||||
Debt Instrument [Line Items] | |||||||||
Preferred stock, shares authorized (in shares) | shares | 350,000,000 | 350,000,000 | 350,000,000 | ||||||
Preferred stock, shares issued (in shares) | shares | 0 | 0 | 0 | ||||||
Revolving Credit Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Number of letters of credit | letter_of_credit | 0 | ||||||||
2025 Notes | ESH REIT | Change of Control | |||||||||
Debt Instrument [Line Items] | |||||||||
Redemption price as a percentage of principal repayment | 101.00% | ||||||||
2025 Notes | ESH REIT | Maximum | Debt Instrument, Redemption, Period Three | |||||||||
Debt Instrument [Line Items] | |||||||||
Redemption price as a percentage of principal repayment | 102.625% | ||||||||
2025 Notes | ESH REIT | Minimum | Debt Instrument, Redemption, Period Three | |||||||||
Debt Instrument [Line Items] | |||||||||
Redemption price as a percentage of principal repayment | 100.00% | ||||||||
Term Loan Facility, 2016 | Term loan facility | Term Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | $ 1,300,000,000 | ||||||||
Term Loan Facility, 2016 | Term loan facility | Term Facility | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt extinguishment costs | $ 75,000,000 | $ 60,000,000 | |||||||
Write-off of unamortized deferred financing costs | 600,000 | ||||||||
Term Loan Facility, 2016 | Term loan facility | Term Facility | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Amortization of financing costs (as a percent) | 0.25% | ||||||||
Repayments of debt | 75,000,000 | $ 12,200,000 | $ 60,000,000 | ||||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | ||||||||
Write-off of unamortized deferred financing costs | $ 600,000 | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 3.00% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.00% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | Federal Funds Effective Swap Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 0.50% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | One-Month London Interbank Offered Rate | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | $ 350,000,000 | ||||||||
Line of credit facility increase (up to) | $ 600,000,000 | $ 600,000,000 | |||||||
Loan to value ratio (less than) | 45.00% | 45.00% | 45.00% | ||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
Number of letters of credit | letter_of_credit | 0 | ||||||||
Amount of borrowing capacity remaining | $ 350,000,000 | $ 350,000,000 | |||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Fee on unutilized revolving credit facility | 0.35% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Fee on unutilized revolving credit facility | 0.175% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | London Interbank Offered Rate (LIBOR) | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.75% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | London Interbank Offered Rate (LIBOR) | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.25% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | Base Rate | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.75% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | Base Rate | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.25% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Revolving Credit Facility | ESH REIT | Federal Funds Effective Swap Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 0.50% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Letter of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Consolidated leverage ratio | 8.75 | ||||||||
ESH REIT 2016 Revolving Credit Facility | Letter of Credit | Maximum | |||||||||
Debt Instrument [Line Items] | |||||||||
Fee on unutilized revolving credit facility | 0.35% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Letter of Credit | Minimum | |||||||||
Debt Instrument [Line Items] | |||||||||
Fee on unutilized revolving credit facility | 0.175% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Letter of Credit | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | $ 50,000,000 | ||||||||
ESH REIT 2016 Revolving Credit Facility | Swingline Loan | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | 20,000,000 | ||||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facilities | 0 | $ 0 | $ 0 | ||||||
Stated Amount | 350,000,000 | $ 350,000,000 | |||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.75% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facilities | 0 | $ 0 | 0 | ||||||
Stated Amount | 350,000,000 | $ 350,000,000 | |||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | ESH REIT | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.75% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | Revolving Credit Facility | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Minimum principal coverage (as a percent) | 25.00% | ||||||||
ESH REIT 2016 Revolving Credit Facility | Line of Credit | Letter of Credit | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | 30,000,000 | $ 30,000,000 | |||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Amortization of financing costs (as a percent) | 0.25% | ||||||||
Amortization | $ 12,200,000 | ||||||||
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.75% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | Libor Plus Rate Other than Level 1 Period | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | Federal Funds Effective Swap Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 0.50% | ||||||||
Interest rate during period (as a percent) | 0.75% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | Libor Plus Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | ESH REIT | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.75% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | ESH REIT | Libor Plus Rate Other than Level 1 Period | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 2.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | ESH REIT | Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | ESH REIT | Federal Funds Effective Swap Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 0.50% | ||||||||
Interest rate during period (as a percent) | 0.75% | ||||||||
Amended Term Loan Facility 2016 | Term loan facility | Term Facility | ESH REIT | Libor Plus Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 1.00% | ||||||||
Corporation Revolving 2016 Credit Facility | Line of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facilities | 0 | 0 | 0 | ||||||
Stated Amount | 50,000,000 | $ 50,000,000 | |||||||
Corporation Revolving 2016 Credit Facility | Line of Credit | London Interbank Offered Rate (LIBOR) | |||||||||
Debt Instrument [Line Items] | |||||||||
Spread on base rate (as a percent) | 3.00% | ||||||||
Corporation Revolving 2016 Credit Facility | Line of Credit | Letter of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | 30,000,000 | $ 30,000,000 | |||||||
Unsecured Intercompany Facility | Unsecured Debt | Line of Credit | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Revolving credit facility, capacity | $ 75,000,000 | 0 | 0 | ||||||
Stated interest rate (as a percent) | 5.00% | ||||||||
Revolving credit facility, additional accordion feature | $ 300,000,000 | 300,000,000 | 300,000,000 | ||||||
Incremental cash available (as a percent) | 5.00% | ||||||||
Unsecured Intercompany Facility | Line of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Stated Amount | $ 75,000,000 | $ 75,000,000 | $ 75,000,000 | ||||||
Stated interest rate (as a percent) | 5.00% | 5.00% | |||||||
Unsecured intercompany facility, carrying amount | $ 0 | $ 0 | 0 | ||||||
Unsecured Intercompany Facility | Line of Credit | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Stated interest rate (as a percent) | 5.00% | 5.00% | |||||||
Unsecured intercompany facility, carrying amount | $ 0 | $ 0 | $ 0 | ||||||
2025 Notes | Senior notes | ESH REIT | |||||||||
Debt Instrument [Line Items] | |||||||||
Stated Amount | $ 800,000,000 | $ 500,000,000 | |||||||
Stated interest rate (as a percent) | 5.25% | ||||||||
2013 Corporation Revolving Credit Facility | Letter of Credit | |||||||||
Debt Instrument [Line Items] | |||||||||
Number of letters of credit | letter_of_credit | 1 | ||||||||
Amount of borrowing capacity remaining | 49,800,000 | $ 49,800,000 | |||||||
Line of credit facility borrowings | $ 200,000 | $ 200,000 |
Debt - Future Maturities of Deb
Debt - Future Maturities of Debt (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Debt Instrument [Line Items] | |
2,019 | $ 11,366 |
2,020 | 11,366 |
2,021 | 11,366 |
2,022 | 11,366 |
2,023 | 1,091,128 |
Thereafter | 1,300,000 |
Total | 2,436,592 |
ESH REIT | |
Debt Instrument [Line Items] | |
2,019 | 11,366 |
2,020 | 11,366 |
2,021 | 11,366 |
2,022 | 11,366 |
2,023 | 1,091,128 |
Thereafter | 1,300,000 |
Total | $ 2,436,592 |
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% |
ESH REIT | Term loan facility | |
Debt Instrument [Line Items] | |
Mandatory prepayments up to a certain amount of excess cash flow may be required | 50.00% |
Debt - Components of Interest E
Debt - Components of Interest Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest Expense [Line Items] | |||
Contractual interest | $ 116,348 | $ 118,510 | $ 127,633 |
Amortization of deferred financing costs and debt discount | 8,005 | 8,097 | 9,882 |
Debt extinguishment and other costs | 3,030 | 3,335 | 27,435 |
Interest income | (2,513) | (170) | (413) |
Total | 124,870 | 129,772 | 164,537 |
ESH REIT | |||
Interest Expense [Line Items] | |||
Contractual interest | 115,778 | 119,819 | 127,215 |
Amortization of deferred financing costs and debt discount | 7,895 | 7,988 | 9,124 |
Debt extinguishment and other costs | 2,847 | 3,136 | 27,196 |
Interest income | (1,775) | (20) | (92) |
Total | $ 124,745 | $ 130,923 | $ 163,443 |
Derivative Instruments - Additi
Derivative Instruments - Additional Information (Details) - USD ($) | 12 Months Ended | ||||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | Sep. 30, 2016 | |
Accumulated Other Comprehensive Income (Loss) | |||||
Derivative [Line Items] | |||||
Cumulative effect adjustment | $ (377,000) | ||||
Accounting Standards Update 2017-12 | Accumulated Other Comprehensive Income (Loss) | |||||
Derivative [Line Items] | |||||
Cumulative effect adjustment | $ 700,000 | ||||
Interest Rate Swap | Designated as Hedging Instrument | |||||
Derivative [Line Items] | |||||
Notional amount | 300,000,000 | ||||
Reduction of outstanding derivative amount | 50,000,000 | ||||
Recorded interest expense | 2,800,000 | $ 700,000 | |||
Derivative portion recognized in earnings next twelve months | 3,500,000 | ||||
ESH REIT | |||||
Derivative [Line Items] | |||||
Cumulative effect adjustment | 0 | ||||
ESH REIT | Accumulated Other Comprehensive Income (Loss) | |||||
Derivative [Line Items] | |||||
Cumulative effect adjustment | (664,000) | ||||
ESH REIT | Accounting Standards Update 2017-12 | Accumulated Other Comprehensive Income (Loss) | |||||
Derivative [Line Items] | |||||
Cumulative effect adjustment | $ (700,000) | ||||
ESH REIT | Interest Rate Swap | Designated as Hedging Instrument | |||||
Derivative [Line Items] | |||||
Notional amount | 300,000,000 | ||||
Reduction of outstanding derivative amount | 50,000,000 | ||||
Recorded interest expense | 2,800,000 | $ 700,000 | $ 200,000 | ||
Derivative portion recognized in earnings next twelve months | $ 3,500,000 | ||||
ESH REIT | Term Facility | Term loan facility | Term Loan Facility, 2016 | |||||
Derivative [Line Items] | |||||
Fixed rate (as a percent) | 1.175% |
Derivative Instruments - Schedu
Derivative Instruments - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 01, 2018 | |
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | $ (394) | $ 2,110 | $ 3,882 | |
Designated as Hedging Instrument | Interest Rate Swap | ||||
Derivative [Line Items] | ||||
Fair value of interest rate swap | 5,789 | 6,387 | ||
Interest rate cash flow hedge loss, net of tax | 4,934 | 5,992 | ||
Change in fair value effective portion | (600) | |||
Removal of LIBOR floor derivatives | 1,400 | |||
Designated as Hedging Instrument | Interest Rate Swap | Other Nonoperating Income (Expense) | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | 0 | 314 | ||
Removal of LIBOR floor derivatives | 700 | |||
Designated as Hedging Instrument | Interest Rate Swap | Other Nonoperating Income (Expense) | London Interbank Offered Rate (LIBOR) | ||||
Derivative [Line Items] | ||||
Removal of LIBOR floor derivatives | (300) | |||
Designated as Hedging Instrument | Interest Rate Swap | Interest Expense | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | (2,765) | 707 | ||
ESH REIT | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | (585) | 2,063 | 4,975 | |
Cumulative effect adjustment of ASC 2017-12 | 0 | |||
ESH REIT | Designated as Hedging Instrument | Interest Rate Swap | ||||
Derivative [Line Items] | ||||
Fair value of interest rate swap | 5,789 | 6,387 | ||
Interest rate cash flow hedge loss, net of tax | 5,789 | 7,038 | ||
Change in fair value effective portion | (600) | |||
Amortization of other comprehensive income | (700) | |||
Removal of LIBOR floor derivatives | 1,400 | |||
ESH REIT | Designated as Hedging Instrument | Interest Rate Swap | Other Nonoperating Income (Expense) | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | 0 | 314 | 0 | |
Change in fair value ineffective portion | 700 | |||
Removal of LIBOR floor derivatives | (300) | |||
ESH REIT | Designated as Hedging Instrument | Interest Rate Swap | Interest Expense | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | (2,765) | 707 | 183 | |
Accumulated Other Comprehensive Income (Loss) | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | (149) | 1,214 | 1,701 | |
Cumulative effect adjustment of ASC 2017-12 | $ 377 | |||
Accumulated Other Comprehensive Income (Loss) | ESH REIT | ||||
Derivative [Line Items] | ||||
Interest rate cash flow hedge loss, net of tax | 2,063 | $ 4,975 | ||
Cumulative effect adjustment of ASC 2017-12 | $ 664 | |||
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2017-12 | ||||
Derivative [Line Items] | ||||
Cumulative effect adjustment of ASC 2017-12 | $ (700) | |||
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2017-12 | ESH REIT | ||||
Derivative [Line Items] | ||||
Cumulative effect adjustment of ASC 2017-12 | $ 700 |
Income Taxes - Schedule of Inco
Income Taxes - Schedule of Income Before Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
INCOME BEFORE INCOME TAX EXPENSE | $ 253,832 | $ 231,702 | $ 197,703 |
ESH REIT | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
INCOME BEFORE INCOME TAX EXPENSE | 230,926 | 216,213 | 212,258 |
U.S. | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Income (loss) before income tax (benefit) expense | 254,172 | 244,995 | 196,557 |
U.S. | ESH REIT | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Income (loss) before income tax (benefit) expense | 231,266 | 231,093 | 207,896 |
CANADA | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Income (loss) before income tax (benefit) expense | (340) | (13,293) | 1,146 |
CANADA | ESH REIT | |||
Schedule Of Income Before Income Tax Domestic And Foreign Line Items | |||
Income (loss) before income tax (benefit) expense | $ (340) | $ (14,880) | $ 4,362 |
Income Taxes - Components of Ex
Income Taxes - Components of Expense (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Federal (including foreign): | |||
Current | $ 31,401 | $ 49,307 | $ 51,495 |
Deferred | 711 | 1,675 | (23,377) |
State: | |||
Current | 9,656 | 9,244 | 8,831 |
Deferred | 308 | (712) | (2,598) |
Income tax expense - net | 42,076 | 59,514 | 34,351 |
ESH REIT | |||
Federal (including foreign): | |||
Current | 715 | 4,792 | 1,195 |
Deferred | 0 | (3,377) | 549 |
State: | |||
Current | 97 | 170 | (1,715) |
Deferred | (15) | (356) | 22 |
Income tax expense - net | $ 797 | $ 1,229 | $ 51 |
Income Taxes - Schedule of Diff
Income Taxes - Schedule of Difference Between Income Tax Expense at Effective Tax Rate and Statutory U.S. Federal Income Tax Rate (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Effective Income Tax Rate Reconciliation, Amount [Abstract] | |||
Tax at statutory rate | $ 53,305 | $ 81,096 | $ 69,196 |
State income tax | 7,847 | 5,578 | 2,891 |
Foreign income tax rate differential | 0 | (4,741) | 891 |
ESH REIT income | (14,976) | (25,689) | (34,132) |
Change in expected distribution policy | (1,633) | ||
Equity-based compensation | (524) | (263) | 807 |
Other permanent differences | 30 | 3,283 | 743 |
Estimate of future nontaxable distributions from ESH REIT | 5,020 | (2,054) | (8,461) |
Change in ESH REIT temporary differences | (9,525) | (2,102) | 3,917 |
Change in deferred tax rate | 0 | 4,051 | 0 |
Valuation allowance | (2) | (427) | 981 |
Tax credits | (661) | (497) | (648) |
Other - net | 1,562 | 1,279 | (201) |
Income tax expense - net | $ 42,076 | $ 59,514 | $ 34,351 |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | |||
Tax at statutory rate (as a percent) | 21.00% | 35.00% | 35.00% |
State income tax (as a percent) | 3.10% | 2.40% | 1.50% |
Foreign income tax rate differential (as a percent) | (2.00%) | 0.50% | |
ESH REIT income (as a percent) | (5.90%) | (11.10%) | (17.30%) |
Change in expected distribution policy (as a percent) | (0.80%) | ||
Equity-based compensation (as a percent) | (0.20%) | (0.10%) | 0.40% |
Other permanent differences (as a percent) | 0.00% | 1.40% | 0.30% |
Estimate of future nontaxable distributions from ESH REIT (as a percent) | 2.00% | (0.90%) | (4.30%) |
Change in ESH REIT temporary differences (as a percent) | (3.70%) | (0.90%) | 2.00% |
Change in deferred tax rate (as a percent) | 0.00% | 1.70% | 0.00% |
Valuation allowance (as a percent) | 0.00% | (0.20%) | 0.50% |
Tax credits (as a percent) | (0.30%) | (0.20%) | (0.30%) |
Other - net (as a percent) | 0.60% | 0.60% | (0.10%) |
Income tax expense - net (as a percent) | 16.60% | 25.70% | 17.40% |
ESH REIT | |||
Effective Income Tax Rate Reconciliation, Amount [Abstract] | |||
Tax at statutory rate | $ 48,494 | $ 75,675 | $ 74,290 |
State income tax | 82 | (272) | (1,834) |
Foreign income tax rate differential | 0 | (5,149) | 1,872 |
ESH REIT income | (48,116) | (71,304) | (73,581) |
Change in expected distribution policy | (2,243) | ||
Other permanent differences | (378) | 1,925 | (602) |
Other - net | 715 | 354 | 2,149 |
Income tax expense - net | $ 797 | $ 1,229 | $ 51 |
Effective Income Tax Rate Reconciliation, Percent [Abstract] | |||
Tax at statutory rate (as a percent) | 21.00% | 35.00% | 35.00% |
State income tax (as a percent) | 0.00% | (0.10%) | (0.90%) |
Foreign income tax rate differential (as a percent) | (2.40%) | 0.90% | |
ESH REIT income (as a percent) | (20.80%) | (33.00%) | (34.60%) |
Change in expected distribution policy (as a percent) | (1.00%) | ||
Other permanent differences (as a percent) | (0.20%) | 0.90% | (0.30%) |
Other - net (as a percent) | 0.30% | 0.20% | 1.00% |
Income tax expense - net (as a percent) | 0.30% | 0.60% | 0.10% |
Income Taxes - Components of De
Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Deferred tax assets: | ||
Net operating loss carryforwards | $ 2,926 | $ 2,900 |
Accruals and allowances | 10,861 | 15,072 |
Equity-based compensation | 1,409 | 1,603 |
Depreciable property | 3,211 | 4,028 |
Other | 652 | 426 |
Total deferred tax assets | 19,059 | 24,029 |
Valuation allowance | (2,926) | (2,900) |
Net deferred tax assets | 16,133 | 21,129 |
Deferred tax liabilities: | ||
Undistributed ESH REIT income | (5,578) | (9,676) |
Intangible assets | (2,600) | (2,545) |
Prepaid expenses | (629) | (763) |
Other | (17) | (20) |
Total net deferred tax assets (liabilities) | 7,309 | 8,125 |
ESH REIT | ||
Deferred tax assets: | ||
Net operating loss carryforwards | 787 | 775 |
Other | 1 | 2 |
Total deferred tax assets | 788 | 777 |
Valuation allowance | (787) | (775) |
Net deferred tax assets | 1 | 2 |
Deferred tax liabilities: | ||
Depreciable property | (10) | (24) |
Other | (11) | (26) |
Total net deferred tax assets | $ (20) | $ (48) |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Jan. 31, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Income Taxes [Line Items] | |||||
Distributed portion of taxable income (as a percent) | 100.00% | 100.00% | |||
Current period income tax | $ 42,076 | $ 59,514 | $ 34,351 | ||
Tax at statutory rate (as a percent) | 21.00% | 35.00% | 35.00% | ||
Provisional deferred income tax expense | $ 4,100 | ||||
Change in deferred tax rate | $ 0 | (4,051) | $ 0 | ||
Taxable income prior to distribution | 297,200 | $ 231,600 | $ 210,200 | ||
ESH REIT's assets | $ 21,900 | ||||
ESH REIT | |||||
Income Taxes [Line Items] | |||||
Distributed portion of taxable income (as a percent) | 100.00% | 100.00% | 100.00% | ||
Current period income tax | $ 797 | $ 1,229 | $ 51 | ||
Tax at statutory rate (as a percent) | 21.00% | 35.00% | 35.00% | ||
Taxable income prior to distribution | $ 297,200 | $ 231,600 | $ 210,200 | ||
Payments of ordinary dividends | $ 86,500 | 277,800 | 235,100 | ||
Accumulated distributions on restricted stock | 700 | ||||
Distribution to offset taxable income | 2,800 | 6,200 | |||
Capital gain dividend | 9,400 | $ 77,100 | |||
Total dividend | 277,100 | $ 280,900 | |||
ESH REIT's assets | $ 21,900 | ||||
ESH REIT | Hotel | Extended Stay Canada | Disposed of by Sale | |||||
Income Taxes [Line Items] | |||||
Current period income tax | $ 4,500 | ||||
ESH REIT | ESH Hospitality, Inc. | |||||
Income Taxes [Line Items] | |||||
Approximate percentage of ownership of common stock | 57.00% | ||||
ESH REIT | ESH Hospitality, Inc. | Common Class A | |||||
Income Taxes [Line Items] | |||||
Approximate percentage of ownership of common stock | 57.00% |
Quarterly Results (Unaudited)_2
Quarterly Results (Unaudited) (Details) $ / shares in Units, shares in Thousands, $ in Thousands, $ in Millions | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||
Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($)$ / sharesshares | Sep. 30, 2018USD ($)$ / shares | Jun. 30, 2018USD ($)$ / shares | Mar. 31, 2018USD ($)$ / shares | Dec. 31, 2017USD ($)$ / sharesshares | Sep. 30, 2017USD ($)$ / shares | Jun. 30, 2017USD ($)$ / shares | Mar. 31, 2017USD ($)$ / sharesshares | Sep. 30, 2018USD ($) | Dec. 31, 2018CAD ($)shares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017USD ($)$ / sharesshares | Dec. 31, 2016USD ($)$ / sharesshares | |
Quarterly Results Of Operations [Line Items] | ||||||||||||||
REVENUE | $ 289,715 | $ 351,076 | $ 336,501 | $ 297,767 | $ 302,505 | $ 350,866 | $ 338,363 | $ 290,991 | ||||||
Income from operations | 75,242 | 121,462 | 112,504 | 68,729 | 91,784 | 117,918 | 98,442 | 52,931 | $ 377,937 | $ 361,075 | $ 360,664 | |||
NET INCOME | 39,399 | 75,692 | 65,570 | 31,095 | 40,150 | 66,250 | 49,725 | 16,063 | 211,756 | 172,188 | 163,352 | |||
Net (income) loss attributable to noncontrolling interests | (78,345) | (3,790) | (514) | (16,243) | (90,055) | (12,374) | 2,050 | 7,038 | (98,892) | (93,341) | (93,420) | |||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ (38,946) | $ 71,902 | $ 65,056 | $ 14,852 | $ (49,905) | $ 53,876 | $ 51,775 | $ 23,101 | $ 112,864 | $ 78,847 | $ 69,932 | |||
Net income per common share-basic (in dollars per share) | $ / shares | $ (0.21) | $ 0.38 | $ 0.34 | $ 0.08 | $ (0.26) | $ 0.28 | $ 0.27 | $ 0.12 | $ 0.60 | $ 0.41 | $ 0.35 | |||
Net income per common share-diluted (in dollars per share) | $ / shares | $ (0.21) | $ 0.38 | $ 0.34 | $ 0.08 | $ (0.26) | $ 0.28 | $ 0.27 | $ 0.12 | $ 0.59 | $ 0.41 | $ 0.35 | |||
Gain (loss) on sale of hotel properties | $ 42,478 | $ 9,973 | ||||||||||||
Anti-dilutive securities (in shares) | shares | 400 | 500 | ||||||||||||
Disposed of by Sale | ||||||||||||||
Quarterly Results Of Operations [Line Items] | ||||||||||||||
REVENUE | 53,494 | 102,593 | $ 111,015 | |||||||||||
Gain (loss) on sale of hotel properties | $ 3,300 | $ (1.9) | ||||||||||||
ESH REIT | ||||||||||||||
Quarterly Results Of Operations [Line Items] | ||||||||||||||
Rental revenues from Extended Stay America, Inc. | $ 299,588 | $ 142,977 | $ 111,532 | $ 113,331 | $ 308,210 | $ 143,407 | $ 115,589 | $ 116,294 | 667,428 | 683,500 | 694,275 | |||
Income from operations | 211,658 | 39,578 | 34,253 | 69,313 | 241,320 | 60,589 | 28,946 | 16,054 | 354,802 | 346,909 | 374,456 | |||
NET INCOME | $ 182,537 | $ 8,821 | $ 1,190 | $ 37,581 | $ 207,338 | $ 28,486 | $ (4,724) | $ (16,116) | 230,129 | 214,984 | 212,207 | |||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | 230,113 | 214,968 | 212,191 | |||||||||||
Gain (loss) on sale of hotel properties | (5,624) | 8,562 | 0 | |||||||||||
Anti-dilutive securities (in shares) | shares | 300 | |||||||||||||
ESH REIT | Disposed of by Sale | ||||||||||||||
Quarterly Results Of Operations [Line Items] | ||||||||||||||
Gain (loss) on sale of hotel properties | $ (26,000) | 35,300 | ||||||||||||
ESH REIT | Common Class A | ||||||||||||||
Quarterly Results Of Operations [Line Items] | ||||||||||||||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ 131,039 | $ 121,627 | $ 118,787 | |||||||||||
Net income per common share-basic (in dollars per share) | $ / shares | $ 0.42 | $ 0.02 | $ 0 | $ 0.08 | $ 0.47 | $ 0.06 | $ (0.01) | $ (0.04) | $ 0.52 | $ 0.49 | $ 0.47 | |||
Net income per common share-diluted (in dollars per share) | $ / shares | 0.42 | 0.02 | 0 | 0.08 | 0.47 | 0.06 | (0.01) | (0.04) | $ 0.52 | $ 0.48 | $ 0.47 | |||
ESH REIT | Common Class B | ||||||||||||||
Quarterly Results Of Operations [Line Items] | ||||||||||||||
NET INCOME ATTRIBUTABLE TO EXTENDED STAY AMERICA, INC. COMMON SHAREHOLDERS | $ 99,074 | $ 93,341 | $ 93,404 | |||||||||||
Net income per common share-basic (in dollars per share) | $ / shares | 0.42 | 0.02 | 0 | 0.08 | 0.47 | 0.06 | (0.01) | (0.04) | $ 0.52 | $ 0.48 | $ 0.47 | |||
Net income per common share-diluted (in dollars per share) | $ / shares | $ 0.42 | $ 0.02 | $ 0 | $ 0.08 | $ 0.47 | $ 0.06 | $ (0.01) | $ (0.04) | $ 0.52 | $ 0.48 | $ 0.47 | |||
Anti-dilutive securities (in shares) | shares | 0 | 0 | 569 | 0 |
Equity - Additional Information
Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 3,500,000,000 | 3,500,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 | ||
Dividend distributions in cash | $ 45,800 | $ 56,100 | $ 74,200 | |
Stock repurchased and retired during period | $ 85,405 | $ 62,323 | 139,895 | |
Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period (in shares) | 17,300,000 | |||
Mandatorily Redeemable Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Preferred stock, shares issued (in shares) | 7,130 | 7,133 | ||
Preferred stock, shares outstanding (in shares) | 7,130 | 7,133 | ||
Preferred stock, dividend rate (as a percent) | 8.00% | 8.00% | ||
Common Class B | ||||
Equity [Line Items] | ||||
Common stock, par value (in dollars per share) | $ 0.01 | |||
Common stock, shares issued (in shares) | 1 | |||
Common Class B | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount remaining available under the Paired Share repurchase program | $ 112,500 | |||
ESH REIT | ||||
Equity [Line Items] | ||||
Common stock, par value (in dollars per share) | $ 0.01 | |||
Common stock, shares issued (in shares) | 1 | |||
Preferred stock, shares authorized (in shares) | 125 | 125 | ||
Preferred stock, shares issued (in shares) | 125 | 125 | ||
Preferred stock, shares outstanding (in shares) | 125 | 125 | ||
Stock repurchased and retired during period | $ 31,059 | $ 22,776 | $ 53,675 | |
ESH REIT | Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 125 | 125 | ||
Preferred stock, shares issued (in shares) | 125 | 125 | ||
Preferred stock, shares outstanding (in shares) | 125 | 125 | 125 | 125 |
Preferred stock, dividend rate (as a percent) | 12.50% | 12.50% | ||
ESH REIT | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period | $ 107,500 | |||
ESH REIT | Mandatorily Redeemable Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 | ||
Preferred stock, shares issued (in shares) | 0 | 0 | ||
Preferred stock, shares outstanding (in shares) | 0 | 0 | ||
ESH REIT | Common Class A | ||||
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 4,300,000,000 | 4,300,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 250,493,583 | 250,493,583 | ||
Common stock, shares outstanding (in shares) | 250,493,583 | 250,493,583 | ||
ESH REIT | Common Class B | ||||
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 7,800,000,000 | 7,800,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 | ||
Stock repurchased and retired during period (in shares) | 2,000,000 | |||
ESH REIT | Common Class B | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Stock repurchased and retired during period (in shares) | 17,300,000 | |||
Stock repurchased and retired during period | $ 107,500 | |||
Amount remaining available under the Paired Share repurchase program | 112,500 | |||
Parent | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Stock repurchased and retired during period | $ 180,100 |
Equity - Noncontrolling Interes
Equity - Noncontrolling Interests (Detail) - Non-controlling Interests - shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Equity [Line Items] | ||
Preferred stock, shares outstanding (in shares) | 125 | 125 |
Preferred stock, dividend rate (as a percent) | 12.50% | 12.50% |
Common Class B | ||
Equity [Line Items] | ||
Total common equity (as a percent) | 43.00% |
Equity - ESH REIT (Detail)
Equity - ESH REIT (Detail) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 3,500,000,000 | 3,500,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 | ||
Stock repurchased and retired during period | $ 85,405 | $ 62,323 | $ 139,895 | |
Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period (in shares) | 17,300,000 | |||
Mandatorily Redeemable Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 | ||
Preferred stock, shares issued (in shares) | 7,130 | 7,133 | ||
Preferred stock, shares outstanding (in shares) | 7,130 | 7,133 | ||
Preferred stock, dividend rate (as a percent) | 8.00% | 8.00% | ||
Preferred stock, redemption value (in dollars per share) | $ 1,000 | |||
Common Class B | ||||
Equity [Line Items] | ||||
Common stock, par value (in dollars per share) | $ 0.01 | |||
Common stock, shares issued (in shares) | 1 | |||
Common Class B | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount remaining available under the Paired Share repurchase program | $ 112,500 | |||
ESH REIT | ||||
Equity [Line Items] | ||||
Common stock, par value (in dollars per share) | $ 0.01 | |||
Common stock, shares issued (in shares) | 1 | |||
Preferred stock, shares authorized (in shares) | 125 | 125 | ||
Preferred stock, shares issued (in shares) | 125 | 125 | ||
Preferred stock, shares outstanding (in shares) | 125 | 125 | ||
Preferred stock, redemption value (in dollars per share) | $ 1,000 | $ 1,000 | ||
Distributions paid to common shareholders | $ 277,800 | $ 235,600 | 281,400 | |
Dividend paid to corporation | 157,800 | 132,800 | 155,300 | |
Stock repurchased and retired during period | $ 31,059 | $ 22,776 | $ 53,675 | |
ESH REIT | Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 125 | 125 | ||
Preferred stock, shares issued (in shares) | 125 | 125 | ||
Preferred stock, shares outstanding (in shares) | 125 | 125 | 125 | 125 |
Preferred stock, dividend rate (as a percent) | 12.50% | 12.50% | ||
Preferred stock, redemption value (in dollars per share) | $ 1,000 | |||
ESH REIT | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Amount of stock repurchase plan authorized | $ 400,000 | |||
Stock repurchased and retired during period | $ 107,500 | |||
ESH REIT | Mandatorily Redeemable Preferred Stock | ||||
Equity [Line Items] | ||||
Preferred stock, shares authorized (in shares) | 350,000,000 | 350,000,000 | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Preferred stock, shares issued (in shares) | 0 | 0 | ||
Preferred stock, shares outstanding (in shares) | 0 | 0 | ||
ESH REIT | Common Class A | ||||
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 4,300,000,000 | 4,300,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 250,493,583 | 250,493,583 | ||
Common stock, shares outstanding (in shares) | 250,493,583 | 250,493,583 | ||
ESH REIT | Common Class B | ||||
Equity [Line Items] | ||||
Common stock, shares authorized (in shares) | 7,800,000,000 | 7,800,000,000 | ||
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | ||
Common stock, shares issued (in shares) | 188,219,605 | 192,099,933 | ||
Common stock, shares outstanding (in shares) | 188,219,605 | 192,099,933 | ||
Stock repurchased and retired during period (in shares) | 2,000,000 | |||
ESH REIT | Common Class B | Paired Share Repurchase Program | ||||
Equity [Line Items] | ||||
Stock repurchased and retired during period (in shares) | 17,300,000 | |||
Stock repurchased and retired during period | $ 107,500 | |||
Amount remaining available under the Paired Share repurchase program | $ 112,500 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2018USD ($)Hoteltermletter_of_credit | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Commitment And Contingencies [Line Items] | |||
Number of ground leased hotel properties | Hotel | 5 | ||
Hotel site for which development is in process | Hotel | 1 | ||
Termination period of ground lease agreements, Start | 2,023 | ||
Termination period of ground lease agreements, End | 2,096 | ||
Lease renewal term | 5 years | ||
Option to renew the lease for two additional terms | term | 2 | ||
Rent expense on office and ground leases | $ 3,200,000 | $ 3,200,000 | $ 3,300,000 |
Capital lease assets | 3,800,000 | 0 | |
Capital lease liabilities | $ 3,400,000 | 0 | |
Cost related to other commitments | 300,000 | 300,000 | |
Number of outstanding letters of credit | letter_of_credit | 1 | ||
Letters of credit outstanding | $ 200,000 | ||
Stock repurchased and retired during period | 85,405,000 | 62,323,000 | 139,895,000 |
Accrued legal settlement | 12,300,000 | ||
Insurance proceeds receivable | $ 12,300,000 | ||
ESH REIT | |||
Commitment And Contingencies [Line Items] | |||
Number of ground leased hotel properties | Hotel | 5 | ||
Hotel site for which development is in process | Hotel | 1 | ||
Termination period of ground lease agreements, Start | 2,023 | ||
Termination period of ground lease agreements, End | 2,096 | ||
Rent expense on office and ground leases | $ 1,500,000 | 1,500,000 | 1,500,000 |
Capital lease assets | 3,800,000 | 0 | |
Capital lease liabilities | 3,400,000 | 0 | |
Cost related to other commitments | 300,000 | 300,000 | |
Stock repurchased and retired during period | $ 31,059,000 | $ 22,776,000 | $ 53,675,000 |
Minimum | |||
Commitment And Contingencies [Line Items] | |||
Lease renewal term | 5 years | ||
Minimum | ESH REIT | |||
Commitment And Contingencies [Line Items] | |||
Lease renewal term | 5 years | ||
Maximum | |||
Commitment And Contingencies [Line Items] | |||
Lease renewal term | 10 years | ||
Maximum | ESH REIT | |||
Commitment And Contingencies [Line Items] | |||
Lease renewal term | 10 years |
Commitments and Contingencies_2
Commitments and Contingencies - Future Minimum Lease Payments Under Operating Leases (Detail) $ in Thousands | Dec. 31, 2018USD ($) |
Operating Leases | |
2,019 | $ 2,779 |
2,020 | 2,899 |
2,021 | 2,220 |
2,022 | 806 |
2,023 | 545 |
Thereafter | 78,097 |
Total | 87,346 |
Capital Leases | |
2,019 | 351 |
2,020 | 375 |
2,021 | 384 |
2,022 | 386 |
2,023 | 387 |
Thereafter | 3,340 |
Total | 5,223 |
Total | |
2,019 | 3,130 |
2,020 | 3,274 |
2,021 | 2,604 |
2,022 | 1,192 |
2,023 | 932 |
Thereafter | 81,437 |
Total | 92,569 |
ESH REIT | |
Operating Leases | |
2,019 | 712 |
2,020 | 779 |
2,021 | 784 |
2,022 | 806 |
2,023 | 545 |
Thereafter | 78,097 |
Total | 81,723 |
Capital Leases | |
2,019 | 351 |
2,020 | 375 |
2,021 | 384 |
2,022 | 386 |
2,023 | 387 |
Thereafter | 3,340 |
Total | 5,223 |
Total | |
2,019 | 1,063 |
2,020 | 1,154 |
2,021 | 1,168 |
2,022 | 1,192 |
2,023 | 932 |
Thereafter | 81,437 |
Total | $ 86,946 |
Defined Contribution Benefit _2
Defined Contribution Benefit Plans - Additional Information (Detail) - USD ($) | 8 Months Ended | 12 Months Ended | ||
Sep. 09, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Defined Contribution Plan Disclosure [Line Items] | ||||
Rabbi trust assets | $ 1,400,000 | $ 900,000 | ||
Savings 401(k) Plan | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 50.00% | 50.00% | ||
Employees contribution percentage basis for employer matching contribution (as a percent) | 6.00% | 6.00% | ||
Employees initial service period | 3 years | 5 years | ||
Annual deferral limit | $ 18,500 | 18,000 | $ 18,000 | |
Amount of Employer contributions during period | $ 1,800,000 | $ 1,700,000 | $ 2,700,000 | |
Savings 401(k) Plan | Share-based Compensation Award, Tranche One | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 100.00% | 100.00% | ||
Employees contribution percentage basis for employer matching contribution (as a percent) | 3.00% | |||
Savings 401(k) Plan | Share-based Compensation Award, Tranche Two | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 50.00% | |||
Employees contribution percentage basis for employer matching contribution (as a percent) | 2.00% | |||
Non-Qualified Deferred Compensation Plan | ||||
Defined Contribution Plan Disclosure [Line Items] | ||||
Employer-matching contribution | 50.00% | |||
Employees contribution percentage basis for employer matching contribution (as a percent) | 6.00% | |||
Employees initial service period | 3 years |
Equity-Based Compensation - Add
Equity-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum number of paired share award under long term incentive plan (in shares) | 8,000,000 | ||
Maximum number of paired shares to be granted under incentive stock options (in shares) | 4,000,000 | ||
Shares available for future issuance under long-term incentive plan | 5,100,000 | ||
Unrecognized compensation cost | $ 8,251 | ||
General and Administrative Expenses | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation expense | $ 7,700 | $ 7,600 | $ 12,000 |
ESH REIT | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Maximum number of paired share award under long term incentive plan (in shares) | 8,000,000 | ||
Maximum number of paired shares to be granted under incentive stock options (in shares) | 4,000,000 | ||
Shares available for future issuance under long-term incentive plan | 5,100,000 | ||
Unrecognized compensation cost | $ 200 | ||
Weighted-average period | 4 months 24 days | ||
ESH REIT | Common Class B | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Restricted stock, granted (in shares) | 3,800,000 | ||
Restricted stock, forfeited or settled (in shares) | 3,000,000 | ||
Restricted stock, granted (in shares) | 800,000 | ||
Percentage of performance-based awards vest | 100.00% | ||
ESH REIT | General and Administrative Expenses | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Equity-based compensation expense | $ 600 | $ 400 | $ 100 |
Equity-Based Compensation - Sch
Equity-Based Compensation - Schedule of Unrecognized Compensation Cost (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Total unrecognized compensation expense | $ 8,251 |
Service-Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Total unrecognized compensation expense | $ 5,632 |
Remaining Weighted- Average Amortization Period (in years) | 1 year 9 months |
Performance-Based Awards - Performance Vesting | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Total unrecognized compensation expense | $ 0 |
Performance-Based Awards - Market Vesting | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Total unrecognized compensation expense | $ 2,619 |
Remaining Weighted- Average Amortization Period (in years) | 1 year 9 months |
Equity-Based Compensation - Sum
Equity-Based Compensation - Summary of Restricted Stock Award and Restricted Stock Unit Activity (Detail) - $ / shares shares in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Service-Based Awards | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Outstanding RSAs/RSUs-Beginning Balance (in shares) | 602 | 892 | 992 |
RSAs/RSUs granted (in shares) | 401 | 272 | 536 |
RSAs/RSUs settled (in shares) | (399) | (417) | (582) |
RSAs/RSUs forfeited (in shares) | (81) | (145) | (54) |
Outstanding RSAs/RSUs-Ending Balance (in shares) | 523 | 602 | 892 |
Vested RSAs/RSUs (in shares) | 7 | 46 | |
Nonvested RSAs/RSUs (in shares) | 516 | 556 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance (in dollars per share) | $ 17.06 | $ 16.93 | $ 18.24 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted (in dollars per share) | 19.42 | 17.51 | 14.08 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled (in dollars per share) | 17.46 | 17.75 | 16.66 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited (in dollars per share) | 18.05 | 15.13 | 15.56 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance (in dollars per share) | 18.42 | 17.06 | $ 16.93 |
Vested RSAs/RSUs (in dollars per share) | 19.11 | 23.66 | |
Nonvested RSAs/RSUs (in dollars per share) | $ 18.41 | $ 18.46 | |
Performance-Based Awards - Performance Vesting | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Outstanding RSAs/RSUs-Beginning Balance (in shares) | 153 | 119 | 19 |
RSAs/RSUs granted (in shares) | 57 | 192 | 166 |
RSAs/RSUs settled (in shares) | (153) | (119) | (19) |
RSAs/RSUs forfeited (in shares) | (25) | (39) | (47) |
Outstanding RSAs/RSUs-Ending Balance (in shares) | 32 | 153 | 119 |
Vested RSAs/RSUs (in shares) | 32 | 145 | |
Nonvested RSAs/RSUs (in shares) | 0 | 0 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance (in dollars per share) | $ 17.45 | $ 14.07 | $ 19.07 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted (in dollars per share) | 19.52 | 17.45 | 14.07 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled (in dollars per share) | 17.45 | 14.07 | 19.07 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited (in dollars per share) | 19.52 | 17.45 | 14.07 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance (in dollars per share) | 19.52 | 17.45 | $ 14.07 |
Vested RSAs/RSUs (in dollars per share) | 19.52 | 17.45 | |
Nonvested RSAs/RSUs (in dollars per share) | $ 0 | $ 0 | |
Performance-Based Awards - Market Vesting | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Outstanding RSAs/RSUs-Beginning Balance (in shares) | 211 | 972 | 556 |
RSAs/RSUs granted (in shares) | 204 | 104 | 441 |
RSAs/RSUs settled (in shares) | (41) | 0 | 0 |
RSAs/RSUs forfeited (in shares) | (77) | (865) | (25) |
Outstanding RSAs/RSUs-Ending Balance (in shares) | 297 | 211 | 972 |
Vested RSAs/RSUs (in shares) | 50 | 41 | |
Nonvested RSAs/RSUs (in shares) | 247 | 170 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance (in dollars per share) | $ 16.46 | $ 9.01 | $ 6.81 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted (in dollars per share) | 17.41 | 18.58 | 12.03 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled (in dollars per share) | 20.76 | 0 | 0 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited (in dollars per share) | 15.36 | 8.35 | 13.19 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance (in dollars per share) | 16.79 | 16.46 | $ 9.01 |
Vested RSAs/RSUs (in dollars per share) | 12.03 | 20.76 | |
Nonvested RSAs/RSUs (in dollars per share) | $ 17.75 | $ 20.48 | |
RSU | ESH REIT | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |||
Outstanding RSAs/RSUs-Beginning Balance (in shares) | 39 | 28 | 244 |
RSAs/RSUs granted (in shares) | 28 | 26 | 15 |
RSAs/RSUs settled (in shares) | (34) | (15) | (231) |
RSAs/RSUs forfeited (in shares) | 0 | 0 | 0 |
Outstanding RSAs/RSUs-Ending Balance (in shares) | 33 | 39 | 28 |
Vested RSAs/RSUs (in shares) | 0 | 0 | |
Nonvested RSAs/RSUs (in shares) | 33 | 39 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Beginning Balance (in dollars per share) | $ 16.91 | $ 14.57 | $ 9.71 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, granted (in dollars per share) | 19.48 | 17.56 | 14.08 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, settled (in dollars per share) | 17.32 | 13.66 | 9.40 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, forfeited (in dollars per share) | 0 | 0 | 0 |
Weighted-Average Grant-Date Fair Value per RSA/RSU, Outstanding Ending Balance (in dollars per share) | 18.68 | 16.91 | $ 14.57 |
Vested RSAs/RSUs (in dollars per share) | 0 | 0 | |
Nonvested RSAs/RSUs (in dollars per share) | $ 18.68 | $ 16.91 |
Equity-Based Compensation - Ser
Equity-Based Compensation - Service-Based Awards (Detail) - ESH REIT - Service Based Awards | 12 Months Ended |
Dec. 31, 2018 | |
Minimum | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Awards vesting period | 2 years |
Maximum | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Awards vesting period | 4 years |
Equity-Based Compensation - Per
Equity-Based Compensation - Performance-Based Awards (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Performance Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Awards vesting period | 1 year |
Market Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Awards vesting period | 3 years |
Minimum | Performance Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of award vest | 0.00% |
Minimum | Market Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of award vest | 0.00% |
Maximum | Performance Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of award vest | 200.00% |
Maximum | Market Based Awards | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Percentage of award vest | 150.00% |
Equity-Based Compensation - S_2
Equity-Based Compensation - Summary of Key Assumptions Used for Fair Value Computation (Detail) - Performance Based Awards | 12 Months Ended |
Dec. 31, 2018 | |
Schedule Of Share Based Compensation Arrangements By Share Based Payment Award Options [Line Items] | |
Expected holding period | 2 years 10 months 8 days |
Risk–free rate of return (as a percent) | 2.37% |
Expected dividend yield (as a percent) | 4.61% |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) | 12 Months Ended | 20 Months Ended | |||
Dec. 31, 2018USD ($)leaseshares | Dec. 31, 2017USD ($)shares | Dec. 31, 2016USD ($)shares | Dec. 31, 2018USD ($)leaseshares | Aug. 30, 2016USD ($) | |
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period | $ 85,405,000 | $ 62,323,000 | $ 139,895,000 | ||
Common distributions | 45,791,000 | 56,126,000 | 74,153,000 | ||
ESH REIT | |||||
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period | $ 31,059,000 | 22,776,000 | 53,675,000 | ||
Number of leases | lease | 4 | 3 | |||
Fixed rental revenues | $ 450,300,000 | 461,200,000 | 465,200,000 | ||
Percentage rental revenues | $ 217,200,000 | 222,300,000 | 229,100,000 | ||
Lease renewal term | 5 years | 5 years | |||
Expenses from related party | $ 9,800,000 | 8,500,000 | 8,800,000 | ||
Common distributions | 277,814,000 | 235,604,000 | 281,364,000 | ||
Issuance of Class B common stock related to issuance of Paired Shares | 2,732,000 | 1,915,000 | 1,244,000 | ||
Due to related parties | 12,177,000 | 7,055,000 | $ 12,177,000 | ||
ESH REIT | Common Class A | |||||
Related Party Transaction [Line Items] | |||||
Common distributions | 157,800,000 | $ 132,800,000 | 155,300,000 | ||
ESH REIT | Common Class B | |||||
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period (in shares) | shares | 2,000,000 | ||||
Issuance of Class B common stock related to issuance of Paired Shares | $ 2,600,000 | $ 1,900,000 | $ 1,300,000 | ||
Issuance of common stock, shares | shares | 364,000 | 309,000 | 224,000 | ||
Corporation RSUs vested and not settled | shares | 89,000 | 232,000 | |||
Due from Extended Stay America, Inc. | $ 400,000 | $ 1,400,000 | $ 400,000 | ||
Sponsors | ESH REIT | Common Class B | |||||
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period | 12,200,000 | ||||
Corporation | ESH REIT | Equity awards receivable (payable) | |||||
Related Party Transaction [Line Items] | |||||
Equity-based compensation expense | $ 900,000 | 1,100,000 | $ 1,900,000 | ||
ESH Hospitality, Inc. | ESH REIT | |||||
Related Party Transaction [Line Items] | |||||
Approximate percentage of ownership of common stock | 57.00% | 57.00% | |||
ESH Hospitality, Inc. | ESH REIT | Common Class A | |||||
Related Party Transaction [Line Items] | |||||
Approximate percentage of ownership of common stock | 57.00% | 57.00% | |||
Line of Credit | Loan payable (Unsecured Credit Facility) | |||||
Related Party Transaction [Line Items] | |||||
Unsecured intercompany facility, carrying amount | $ 0 | 0 | $ 0 | ||
Line of Credit | Loan payable (Unsecured Credit Facility) | ESH REIT | |||||
Related Party Transaction [Line Items] | |||||
Unsecured intercompany facility, carrying amount | 0 | 0 | 0 | ||
Unsecured Debt | Line of Credit | Loan payable (Unsecured Credit Facility) | ESH REIT | |||||
Related Party Transaction [Line Items] | |||||
Additional principal available (up to) | 300,000,000 | 300,000,000 | $ 300,000,000 | ||
Interest expense, related party | 0 | 2,400,000 | $ 1,300,000 | ||
Additional principal available (up to) | $ 300,000,000 | $ 300,000,000 | |||
Secondary Offering | |||||
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period | $ 21,400,000 | ||||
Secondary Offering | ESH REIT | |||||
Related Party Transaction [Line Items] | |||||
Stock repurchased and retired during period (in shares) | shares | 2,000,000 | ||||
Stock repurchased and retired during period | $ 12,200,000 | ||||
Mandatorily Redeemable Preferred Stock | |||||
Related Party Transaction [Line Items] | |||||
Preferred shares repurchased (in shares) | shares | 14,069 | ||||
Preferred shares repurchased amount | $ 14,100,000 | ||||
Mandatorily Redeemable Preferred Stock | Sponsors | |||||
Related Party Transaction [Line Items] | |||||
Outstanding redeemable preferred stock (in shares) | shares | 7,036 | 7,036 | 7,036 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Future Fixed Rental Payments (Detail) - ESH REIT $ in Thousands | Dec. 31, 2018USD ($) |
Related Party Transaction [Line Items] | |
2,019 | $ 451,445 |
2,020 | 462,860 |
2,021 | 474,409 |
2,022 | 486,247 |
2,023 | 415,112 |
Total | $ 2,290,073 |
Related Party Transactions - _2
Related Party Transactions - Schedule of Related Party Transaction Balances (Details) - ESH REIT - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Leases [Abstract] | ||
Rents receivable | $ 4,099 | $ 3,704 |
Deferred rents receivable | 8,637 | 24,388 |
Unearned rental revenues | (37,506) | (40,523) |
Working Capital and Other [Abstract] | ||
Ordinary working capital | (12,581) | (8,441) |
Equity award receivable (payable) | 403 | 1,386 |
Total working capital and other | $ (12,178) | $ (7,055) |
Segments - Schedule of Operatin
Segments - Schedule of Operating Segments Evaluated on Income from Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 | ||||||||
Income from operations | $ 75,242 | $ 121,462 | $ 112,504 | $ 68,729 | $ 91,784 | $ 117,918 | $ 98,442 | $ 52,931 | 377,937 | 361,075 | 360,664 |
Impairment charges | 43,600 | 25,169 | 9,828 | ||||||||
Gain on sale of hotel properties | 42,500 | 10,000 | |||||||||
Operating Segments | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | 1,266,268 | 1,286,598 | 1,274,404 | ||||||||
Income from operations | 401,755 | 386,934 | 388,844 | ||||||||
Operating Segments | Owned hotels | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | 1,259,182 | 1,282,725 | 1,270,593 | ||||||||
Income from operations | 394,669 | 383,061 | 385,033 | ||||||||
Operating Segments | Franchise and management | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | 7,086 | 3,873 | 3,811 | ||||||||
Income from operations | 7,086 | 3,873 | 3,811 | ||||||||
Intellectual property fees | 3,800 | 3,900 | 3,800 | ||||||||
Corporate and Other | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | 80,942 | 75,692 | 79,792 | ||||||||
Income from operations | (23,168) | (25,859) | (28,180) | ||||||||
Management fee and other costs | 80,900 | 75,700 | 79,800 | ||||||||
Intersegment Eliminations | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | (84,718) | (79,565) | (83,603) | ||||||||
Other revenues from franchised and managed properties | |||||||||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||||||||
Revenues | 12,567 | 0 | 0 | ||||||||
Income from operations | $ (650) | $ 0 | $ 0 |
Segments - Schedule of Assets a
Segments - Schedule of Assets and Capital Expenditures of Operating Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Segment Reporting Information [Line Items] | |||
Assets | $ 3,924,210 | $ 4,076,005 | |
Capital expenditures | 209,274 | 166,378 | $ 225,323 |
Operating Segments | |||
Segment Reporting Information [Line Items] | |||
Assets | 3,658,237 | 4,031,605 | |
Capital expenditures | 208,247 | 164,909 | 224,043 |
Operating Segments | Owned hotels | |||
Segment Reporting Information [Line Items] | |||
Assets | 3,643,603 | 4,021,672 | |
Capital expenditures | 207,997 | 164,909 | 224,043 |
Operating Segments | Franchise and management | |||
Segment Reporting Information [Line Items] | |||
Assets | 14,634 | 9,933 | |
Capital expenditures | 250 | 0 | 0 |
Corporate and Other | |||
Segment Reporting Information [Line Items] | |||
Assets | 308,181 | 85,215 | |
Capital expenditures | 1,027 | 1,469 | $ 1,280 |
Intersegment Eliminations | |||
Segment Reporting Information [Line Items] | |||
Assets | $ (42,208) | $ (40,815) |
Revenue From Contracts With C_3
Revenue From Contracts With Customers - Disaggregation by Booking Source (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 |
Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 1,237,311 | $ 1,260,868 | $ 1,250,865 |
Other Hotel Revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 21,900 | ||
Property direct | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 360,718 | ||
Central call center | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 303,336 | ||
Proprietary website | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 220,734 | ||
Third-party intermediaries | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 300,965 | ||
Travel agency global distribution systems | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 51,558 |
Revenue From Contracts With C_4
Revenue From Contracts With Customers - Disaggregation by Length of Guest Stay (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 |
Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 1,237,311 | $ 1,260,868 | $ 1,250,865 |
Other Hotel Revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 21,900 | ||
1-6 nights | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 457,380 | ||
7-29 nights | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 261,674 | ||
30 nights | Room revenues | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 518,257 |
Revenue From Contracts With C_5
Revenue From Contracts With Customers - Disaggregation of Revenues from Franchised and Managed Hotels (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 1,275,059 | $ 1,282,725 | $ 1,270,593 |
Management fees | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 1,175 | ||
Franchise fees | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 2,135 | ||
Indirect reimbursements (system service fees) | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 2,444 | ||
Direct reimbursements | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | 10,123 | ||
Franchise and management | |||
Disaggregation of Revenue [Line Items] | |||
Revenues | $ 15,877 |
Revenue From Contracts With C_6
Revenue From Contracts With Customers - Schedule of Outstanding Customer Contract Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Jan. 01, 2018 | |
Revenue from Contract with Customer [Abstract] | ||
Outstanding Contract Liabilities | $ 13,829 | $ 9,284 |
Outstanding contract liabilities, recognized revenue | $ 8,819 |
Revenue From Contracts With C_7
Revenue From Contracts With Customers - Performance Obligations (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Disaggregation of Revenue [Line Items] | |
Performance obligation, term | 20 years |
Owned hotels | |
Disaggregation of Revenue [Line Items] | |
Outstanding Contract Liabilities | $ 8.9 |
Franchised hotels | |
Disaggregation of Revenue [Line Items] | |
Outstanding Contract Liabilities | $ 4.9 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - $ / shares | Feb. 27, 2019 | Feb. 27, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | $ 0.24 | $ 0.29 | $ 0.31 | ||
Subsequent Event | |||||
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | $ 0.07 | ||||
Common Class A | ESH REIT | |||||
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | 0.63 | 0.53 | 0.43 | ||
Common Class A | ESH REIT | Subsequent Event | |||||
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | $ 0.15 | ||||
Common Class B | |||||
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | 0.63 | 0.53 | 0.43 | ||
Common Class B | ESH REIT | |||||
Subsequent Event [Line Items] | |||||
Cash distributions per common share declared (in dollars per share) | $ 0.15 | $ 0.63 | $ 0.53 | $ 0.43 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,153,247 | ||||
Initial Cost - Building and Improvements | 2,306,268 | ||||
Initial Cost - FF&E | 44,406 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Construction in Progress | 2,017 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64,138 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 423,393 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 653,111 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Construction in Progress | 25,157 | ||||
Gross Amount Carried - Land and Improvements | 1,217,385 | ||||
Gross Amount Carried - Building and Improvements | 2,729,661 | ||||
Gross Amount Carried - FF&E | 697,517 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Construction in Progress | 27,174 | ||||
Total | 4,671,737 | $ 4,895,933 | $ 4,878,973 | $ 4,703,270 | |
Accumulated Depreciation | (1,218,105) | (1,142,799) | (973,669) | (781,929) | |
ESH REIT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | 1,153,247 | ||||
Initial Cost - Building and Improvements | 2,306,268 | ||||
Initial Cost - FF&E | 44,406 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Construction in Progress | 2,017 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Construction in Progress | 25,157 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Construction in Progress | 27,174 | ||||
Total | 4,683,544 | 4,918,804 | 4,874,018 | 4,685,940 | |
Accumulated Depreciation | (1,215,899) | $ (1,143,164) | $ (959,449) | $ (765,034) | |
Land and Improvements, Excluding Accumulated Impairment | 66,505 | ||||
Building and Improvements, Excluding Accumulated Impairment | 450,406 | ||||
FF&E, Excluding Accumulated Impairment | 635,538 | ||||
Land and Improvements, Excluding Accumulated Impairment | 1,219,752 | ||||
Buildings and Improvements, Excluding Accumulated Impairment | 2,756,674 | ||||
FF&E, Excluding Accumulated Impairment | 679,944 | ||||
Total, Excluding Accumulated Impairment | 4,683,544 | ||||
Accumulated Depreciation, Excluding Accumulated Impairment | (1,215,899) | ||||
Corporate Segment | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | 0 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 0 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (2,367) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | (29,929) | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | (5,399) | ||||
Gross Amount Carried - Land and Improvements | (2,367) | ||||
Gross Amount Carried - Building and Improvements | (29,929) | ||||
Gross Amount Carried - FF&E | (5,399) | ||||
Total | (37,695) | ||||
Accumulated Depreciation | 14,639 | ||||
Anchorage Downtown [Member] | ALASKA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | 723 | ||||
Initial Cost - Building and Improvements | 8,791 | ||||
Initial Cost - FF&E | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 817 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,211 | ||||
Gross Amount Carried - Land and Improvements | 807 | ||||
Gross Amount Carried - Building and Improvements | 9,608 | ||||
Gross Amount Carried - FF&E | 1,348 | ||||
Total | 11,763 | ||||
Accumulated Depreciation | $ (3,481) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Anchorage Midtown [Member] | ALASKA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,600 | ||||
Initial Cost - Building and Improvements | 20,740 | ||||
Initial Cost - FF&E | 240 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 103 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 983 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,663 | ||||
Gross Amount Carried - Land and Improvements | 2,703 | ||||
Gross Amount Carried - Building and Improvements | 21,723 | ||||
Gross Amount Carried - FF&E | 1,903 | ||||
Total | 26,329 | ||||
Accumulated Depreciation | $ (6,385) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 45 years | ||||
Fairbanks Old Airport Way [Member] | ALASKA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,978 | ||||
Initial Cost - Building and Improvements | 12,016 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 160 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 969 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,110 | ||||
Gross Amount Carried - Land and Improvements | 3,138 | ||||
Gross Amount Carried - Building and Improvements | 12,985 | ||||
Gross Amount Carried - FF&E | 1,208 | ||||
Total | 17,331 | ||||
Accumulated Depreciation | $ (4,252) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 40 years | ||||
Juneau Shell Simmons Drive [Member] | ALASKA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,979 | ||||
Initial Cost - Building and Improvements | 12,135 | ||||
Initial Cost - FF&E | 132 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 820 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,057 | ||||
Gross Amount Carried - Land and Improvements | 3,077 | ||||
Gross Amount Carried - Building and Improvements | 12,955 | ||||
Gross Amount Carried - FF&E | 1,189 | ||||
Total | 17,221 | ||||
Accumulated Depreciation | $ (3,955) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Birmingham Inverness [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 359 | ||||
Initial Cost - Building and Improvements | 688 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 556 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 972 | ||||
Gross Amount Carried - Land and Improvements | 394 | ||||
Gross Amount Carried - Building and Improvements | 1,244 | ||||
Gross Amount Carried - FF&E | 1,005 | ||||
Total | 2,643 | ||||
Accumulated Depreciation | $ (908) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Birmingham Perimeter Park South [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,737 | ||||
Initial Cost - Building and Improvements | 3,218 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 898 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,197 | ||||
Gross Amount Carried - Land and Improvements | 1,827 | ||||
Gross Amount Carried - Building and Improvements | 4,116 | ||||
Gross Amount Carried - FF&E | 1,250 | ||||
Total | 7,193 | ||||
Accumulated Depreciation | $ (1,796) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Birmingham Wildwood [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 385 | ||||
Initial Cost - Building and Improvements | 1,890 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 124 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 474 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,087 | ||||
Gross Amount Carried - Land and Improvements | 509 | ||||
Gross Amount Carried - Building and Improvements | 2,364 | ||||
Gross Amount Carried - FF&E | 1,120 | ||||
Total | 3,993 | ||||
Accumulated Depreciation | $ (1,375) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Huntsville US Space and Rocket Center [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 770 | ||||
Initial Cost - Building and Improvements | 5,385 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 718 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 898 | ||||
Gross Amount Carried - Land and Improvements | 848 | ||||
Gross Amount Carried - Building and Improvements | 6,103 | ||||
Gross Amount Carried - FF&E | 937 | ||||
Total | 7,888 | ||||
Accumulated Depreciation | $ (2,196) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Mobile Spring Hill [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,185 | ||||
Initial Cost - Building and Improvements | 7,479 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 775 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,122 | ||||
Gross Amount Carried - Land and Improvements | 1,275 | ||||
Gross Amount Carried - Building and Improvements | 8,254 | ||||
Gross Amount Carried - FF&E | 1,163 | ||||
Total | 10,692 | ||||
Accumulated Depreciation | $ (2,963) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Montgomery Carmichael Rd [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,045 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 462 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 927 | ||||
Gross Amount Carried - Land and Improvements | 1,162 | ||||
Gross Amount Carried - Building and Improvements | 462 | ||||
Gross Amount Carried - FF&E | 962 | ||||
Total | 2,586 | ||||
Accumulated Depreciation | $ (844) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Montgomery Eastern Blvd [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 600 | ||||
Initial Cost - Building and Improvements | 4,231 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 430 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 998 | ||||
Gross Amount Carried - Land and Improvements | 693 | ||||
Gross Amount Carried - Building and Improvements | 4,661 | ||||
Gross Amount Carried - FF&E | 1,042 | ||||
Total | 6,396 | ||||
Accumulated Depreciation | $ (2,198) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Little Rock - Financial Centre Parkway [Member]. | ARKANSAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,630 | ||||
Initial Cost - Building and Improvements | 2,916 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,026 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,214 | ||||
Gross Amount Carried - Land and Improvements | 1,716 | ||||
Gross Amount Carried - Building and Improvements | 3,942 | ||||
Gross Amount Carried - FF&E | 1,260 | ||||
Total | 6,918 | ||||
Accumulated Depreciation | $ (1,894) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Little Rock West Little Rock [Member] | ARKANSAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,708 | ||||
Initial Cost - Building and Improvements | 1,931 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 680 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,133 | ||||
Gross Amount Carried - Land and Improvements | 1,768 | ||||
Gross Amount Carried - Building and Improvements | 2,611 | ||||
Gross Amount Carried - FF&E | 1,172 | ||||
Total | 5,551 | ||||
Accumulated Depreciation | $ (1,622) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Fayetteville Springdale [Member] | ARKANSAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,460 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 705 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,014 | ||||
Gross Amount Carried - Land and Improvements | 1,583 | ||||
Gross Amount Carried - Building and Improvements | 705 | ||||
Gross Amount Carried - FF&E | 1,069 | ||||
Total | 3,357 | ||||
Accumulated Depreciation | $ (1,177) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Phoenix Mesa [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,098 | ||||
Initial Cost - Building and Improvements | 2,347 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 880 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,101 | ||||
Gross Amount Carried - Land and Improvements | 1,184 | ||||
Gross Amount Carried - Building and Improvements | 3,227 | ||||
Gross Amount Carried - FF&E | 1,139 | ||||
Total | 5,550 | ||||
Accumulated Depreciation | $ (1,590) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Phoenix Mesa West [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,305 | ||||
Initial Cost - Building and Improvements | 2,589 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,036 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 1,390 | ||||
Gross Amount Carried - Building and Improvements | 3,625 | ||||
Gross Amount Carried - FF&E | 1,218 | ||||
Total | 6,233 | ||||
Accumulated Depreciation | $ (1,719) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Phoenix Peoria [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,229 | ||||
Initial Cost - Building and Improvements | 3,741 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 484 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 855 | ||||
Gross Amount Carried - Land and Improvements | 1,280 | ||||
Gross Amount Carried - Building and Improvements | 4,225 | ||||
Gross Amount Carried - FF&E | 893 | ||||
Total | 6,398 | ||||
Accumulated Depreciation | $ (1,756) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Phoenix Airport [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,764 | ||||
Initial Cost - Building and Improvements | 408 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 592 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 927 | ||||
Gross Amount Carried - Land and Improvements | 1,823 | ||||
Gross Amount Carried - Building and Improvements | 1,000 | ||||
Gross Amount Carried - FF&E | 965 | ||||
Total | 3,788 | ||||
Accumulated Depreciation | $ (1,199) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Phoenix Airport E Oak St [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,623 | ||||
Initial Cost - Building and Improvements | 1,109 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 929 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,531 | ||||
Gross Amount Carried - Land and Improvements | 1,761 | ||||
Gross Amount Carried - Building and Improvements | 2,038 | ||||
Gross Amount Carried - FF&E | 1,588 | ||||
Total | 5,387 | ||||
Accumulated Depreciation | $ (1,559) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 36 years | ||||
Phoenix Biltmore [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,191 | ||||
Initial Cost - Building and Improvements | 1,372 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 116 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 713 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,284 | ||||
Gross Amount Carried - Land and Improvements | 1,307 | ||||
Gross Amount Carried - Building and Improvements | 2,085 | ||||
Gross Amount Carried - FF&E | 1,334 | ||||
Total | 4,726 | ||||
Accumulated Depreciation | $ (1,761) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Phoenix Deer Valley [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 945 | ||||
Initial Cost - Building and Improvements | 2,092 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 529 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,050 | ||||
Gross Amount Carried - Land and Improvements | 1,006 | ||||
Gross Amount Carried - Building and Improvements | 2,621 | ||||
Gross Amount Carried - FF&E | 1,089 | ||||
Total | 4,716 | ||||
Accumulated Depreciation | $ (1,629) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Phoenix Midtown [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,195 | ||||
Initial Cost - Building and Improvements | 3,918 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 143 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,178 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,669 | ||||
Gross Amount Carried - Land and Improvements | 1,338 | ||||
Gross Amount Carried - Building and Improvements | 5,096 | ||||
Gross Amount Carried - FF&E | 1,728 | ||||
Total | 8,162 | ||||
Accumulated Depreciation | $ (2,700) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Phoenix Scottsdale [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,655 | ||||
Initial Cost - Building and Improvements | 3,691 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 143 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 651 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,269 | ||||
Gross Amount Carried - Land and Improvements | 1,798 | ||||
Gross Amount Carried - Building and Improvements | 4,342 | ||||
Gross Amount Carried - FF&E | 1,315 | ||||
Total | 7,455 | ||||
Accumulated Depreciation | $ (2,143) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Phoenix Scottsdale North [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,476 | ||||
Initial Cost - Building and Improvements | 4,266 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 736 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 964 | ||||
Gross Amount Carried - Land and Improvements | 1,524 | ||||
Gross Amount Carried - Building and Improvements | 5,002 | ||||
Gross Amount Carried - FF&E | 1,007 | ||||
Total | 7,533 | ||||
Accumulated Depreciation | $ (2,252) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Phoenix Scottsdale Old Town [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,605 | ||||
Initial Cost - Building and Improvements | 2,564 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,035 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,274 | ||||
Gross Amount Carried - Land and Improvements | 1,720 | ||||
Gross Amount Carried - Building and Improvements | 3,599 | ||||
Gross Amount Carried - FF&E | 1,317 | ||||
Total | 6,636 | ||||
Accumulated Depreciation | $ (2,178) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 30 years | ||||
Phoenix Airport Tempe [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,228 | ||||
Initial Cost - Building and Improvements | 3,249 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 139 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 662 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,260 | ||||
Gross Amount Carried - Land and Improvements | 1,367 | ||||
Gross Amount Carried - Building and Improvements | 3,911 | ||||
Gross Amount Carried - FF&E | 1,306 | ||||
Total | 6,584 | ||||
Accumulated Depreciation | $ (1,817) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Tucson Grant Road [Member] | ARIZONA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,780 | ||||
Initial Cost - Building and Improvements | 5,364 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 869 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,136 | ||||
Gross Amount Carried - Land and Improvements | 1,858 | ||||
Gross Amount Carried - Building and Improvements | 6,233 | ||||
Gross Amount Carried - FF&E | 1,179 | ||||
Total | 9,270 | ||||
Accumulated Depreciation | $ (2,516) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Oakland Alameda [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,165 | ||||
Initial Cost - Building and Improvements | 9,134 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 145 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 888 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,083 | ||||
Gross Amount Carried - Land and Improvements | 5,310 | ||||
Gross Amount Carried - Building and Improvements | 10,022 | ||||
Gross Amount Carried - FF&E | 2,140 | ||||
Total | 17,472 | ||||
Accumulated Depreciation | $ (3,348) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Oakland Alameda Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,197 | ||||
Initial Cost - Building and Improvements | 3,067 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 724 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,271 | ||||
Gross Amount Carried - Land and Improvements | 3,250 | ||||
Gross Amount Carried - Building and Improvements | 3,791 | ||||
Gross Amount Carried - FF&E | 1,326 | ||||
Total | 8,367 | ||||
Accumulated Depreciation | $ (1,998) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
San Jose Santa Clara [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,036 | ||||
Initial Cost - Building and Improvements | 2,681 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 622 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 957 | ||||
Gross Amount Carried - Land and Improvements | 5,154 | ||||
Gross Amount Carried - Building and Improvements | 3,303 | ||||
Gross Amount Carried - FF&E | 1,021 | ||||
Total | 9,478 | ||||
Accumulated Depreciation | $ (1,687) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Orange County Anaheim Convention Center [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,439 | ||||
Initial Cost - Building and Improvements | 3,574 | ||||
Initial Cost - FF&E | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,050 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,359 | ||||
Gross Amount Carried - Land and Improvements | 4,534 | ||||
Gross Amount Carried - Building and Improvements | 4,624 | ||||
Gross Amount Carried - FF&E | 1,432 | ||||
Total | 10,590 | ||||
Accumulated Depreciation | $ (2,227) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Orange County Anaheim Hills [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,779 | ||||
Initial Cost - Building and Improvements | 2,040 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 854 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,031 | ||||
Gross Amount Carried - Land and Improvements | 4,825 | ||||
Gross Amount Carried - Building and Improvements | 2,894 | ||||
Gross Amount Carried - FF&E | 1,129 | ||||
Total | 8,848 | ||||
Accumulated Depreciation | $ (1,666) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Los Angeles Arcadia [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,577 | ||||
Initial Cost - Building and Improvements | 3,647 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 240 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 938 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,306 | ||||
Gross Amount Carried - Land and Improvements | 4,817 | ||||
Gross Amount Carried - Building and Improvements | 4,585 | ||||
Gross Amount Carried - FF&E | 1,351 | ||||
Total | 10,753 | ||||
Accumulated Depreciation | $ (2,273) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Bakersfield California Avenue [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,186 | ||||
Initial Cost - Building and Improvements | 2,153 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 247 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 843 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,185 | ||||
Gross Amount Carried - Land and Improvements | 1,433 | ||||
Gross Amount Carried - Building and Improvements | 2,996 | ||||
Gross Amount Carried - FF&E | 1,228 | ||||
Total | 5,657 | ||||
Accumulated Depreciation | $ (1,937) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Bakersfield Chester Lane [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,002 | ||||
Initial Cost - Building and Improvements | 4,514 | ||||
Initial Cost - FF&E | 142 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 63 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 478 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 822 | ||||
Gross Amount Carried - Land and Improvements | 1,065 | ||||
Gross Amount Carried - Building and Improvements | 4,992 | ||||
Gross Amount Carried - FF&E | 964 | ||||
Total | 7,021 | ||||
Accumulated Depreciation | $ (2,009) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,005 | ||||
Depreciable Lives | 45 years | ||||
San Francisco Belmont [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,910 | ||||
Initial Cost - Building and Improvements | 7,236 | ||||
Initial Cost - FF&E | 103 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 465 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,705 | ||||
Gross Amount Carried - Land and Improvements | 2,971 | ||||
Gross Amount Carried - Building and Improvements | 7,701 | ||||
Gross Amount Carried - FF&E | 1,808 | ||||
Total | 12,480 | ||||
Accumulated Depreciation | $ (2,503) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Orange County Brea [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,199 | ||||
Initial Cost - Building and Improvements | 4,778 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,180 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,441 | ||||
Gross Amount Carried - Land and Improvements | 5,329 | ||||
Gross Amount Carried - Building and Improvements | 5,958 | ||||
Gross Amount Carried - FF&E | 1,491 | ||||
Total | 12,778 | ||||
Accumulated Depreciation | $ (3,112) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Los Angeles Burbank Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,120 | ||||
Initial Cost - Building and Improvements | 9,690 | ||||
Initial Cost - FF&E | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,004 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,607 | ||||
Gross Amount Carried - Land and Improvements | 6,209 | ||||
Gross Amount Carried - Building and Improvements | 10,694 | ||||
Gross Amount Carried - FF&E | 1,713 | ||||
Total | 18,616 | ||||
Accumulated Depreciation | $ (3,662) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
San Diego Carlsbad Village by Sea [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,783 | ||||
Initial Cost - Building and Improvements | 7,618 | ||||
Initial Cost - FF&E | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 135 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 736 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,124 | ||||
Gross Amount Carried - Land and Improvements | 4,918 | ||||
Gross Amount Carried - Building and Improvements | 8,354 | ||||
Gross Amount Carried - FF&E | 1,220 | ||||
Total | 14,492 | ||||
Accumulated Depreciation | $ (2,861) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Los Angeles Carson [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,430 | ||||
Initial Cost - Building and Improvements | 2,173 | ||||
Initial Cost - FF&E | 138 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 224 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 525 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 963 | ||||
Gross Amount Carried - Land and Improvements | 5,654 | ||||
Gross Amount Carried - Building and Improvements | 2,698 | ||||
Gross Amount Carried - FF&E | 1,101 | ||||
Total | 9,453 | ||||
Accumulated Depreciation | $ (1,601) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Los Angeles Chino Valley [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,288 | ||||
Initial Cost - Building and Improvements | 3,297 | ||||
Initial Cost - FF&E | 108 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 496 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,124 | ||||
Gross Amount Carried - Land and Improvements | 1,363 | ||||
Gross Amount Carried - Building and Improvements | 3,793 | ||||
Gross Amount Carried - FF&E | 1,232 | ||||
Total | 6,388 | ||||
Accumulated Depreciation | $ (1,934) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Orange County Cypress [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,543 | ||||
Initial Cost - Building and Improvements | 4,484 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 827 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,262 | ||||
Gross Amount Carried - Land and Improvements | 5,622 | ||||
Gross Amount Carried - Building and Improvements | 5,311 | ||||
Gross Amount Carried - FF&E | 1,321 | ||||
Total | 12,254 | ||||
Accumulated Depreciation | $ (2,545) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Dublin Hacienda Dr [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,377 | ||||
Initial Cost - Building and Improvements | 4,243 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 689 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,024 | ||||
Gross Amount Carried - Land and Improvements | 3,463 | ||||
Gross Amount Carried - Building and Improvements | 4,932 | ||||
Gross Amount Carried - FF&E | 1,076 | ||||
Total | 9,471 | ||||
Accumulated Depreciation | $ (2,162) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Los Angeles LAX Airport El Segundo [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 9,922 | ||||
Initial Cost - Building and Improvements | 5,598 | ||||
Initial Cost - FF&E | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 133 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,108 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,638 | ||||
Gross Amount Carried - Land and Improvements | 10,055 | ||||
Gross Amount Carried - Building and Improvements | 6,706 | ||||
Gross Amount Carried - FF&E | 1,706 | ||||
Total | 18,467 | ||||
Accumulated Depreciation | $ (3,303) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Sacramento Elk Grove [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 941 | ||||
Initial Cost - Building and Improvements | 2,290 | ||||
Initial Cost - FF&E | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 510 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 925 | ||||
Gross Amount Carried - Land and Improvements | 994 | ||||
Gross Amount Carried - Building and Improvements | 2,800 | ||||
Gross Amount Carried - FF&E | 1,014 | ||||
Total | 4,808 | ||||
Accumulated Depreciation | $ (1,553) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Fairfield Napa Valley [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,490 | ||||
Initial Cost - Building and Improvements | 6,066 | ||||
Initial Cost - FF&E | 135 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 434 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 863 | ||||
Gross Amount Carried - Land and Improvements | 1,570 | ||||
Gross Amount Carried - Building and Improvements | 6,500 | ||||
Gross Amount Carried - FF&E | 998 | ||||
Total | 9,068 | ||||
Accumulated Depreciation | $ (2,340) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Fremont Fremont Blvd South [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,928 | ||||
Initial Cost - Building and Improvements | 5,364 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 140 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,034 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,730 | ||||
Gross Amount Carried - Land and Improvements | 3,068 | ||||
Gross Amount Carried - Building and Improvements | 6,398 | ||||
Gross Amount Carried - FF&E | 1,786 | ||||
Total | 11,252 | ||||
Accumulated Depreciation | $ (2,678) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Fremont Newark [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 7,370 | ||||
Initial Cost - Building and Improvements | 6,048 | ||||
Initial Cost - FF&E | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 498 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,623 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 3,233 | ||||
Gross Amount Carried - Land and Improvements | 7,868 | ||||
Gross Amount Carried - Building and Improvements | 7,671 | ||||
Gross Amount Carried - FF&E | 3,334 | ||||
Total | 18,873 | ||||
Accumulated Depreciation | $ (3,829) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 41 years | ||||
Fremont Warm Springs [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,114 | ||||
Initial Cost - Building and Improvements | 1,271 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 588 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 941 | ||||
Gross Amount Carried - Land and Improvements | 5,192 | ||||
Gross Amount Carried - Building and Improvements | 1,859 | ||||
Gross Amount Carried - FF&E | 999 | ||||
Total | 8,050 | ||||
Accumulated Depreciation | $ (1,408) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Fresno North [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,988 | ||||
Initial Cost - Building and Improvements | 6,753 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 666 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 917 | ||||
Gross Amount Carried - Land and Improvements | 2,055 | ||||
Gross Amount Carried - Building and Improvements | 7,419 | ||||
Gross Amount Carried - FF&E | 960 | ||||
Total | 10,434 | ||||
Accumulated Depreciation | $ (2,894) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Los Angeles South [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,977 | ||||
Initial Cost - Building and Improvements | 3,909 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 681 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 4,068 | ||||
Gross Amount Carried - Building and Improvements | 4,590 | ||||
Gross Amount Carried - FF&E | 1,225 | ||||
Total | 9,883 | ||||
Accumulated Depreciation | $ (2,591) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 28 years | ||||
Los Angeles Glendale [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,689 | ||||
Initial Cost - Building and Improvements | 5,746 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 655 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,159 | ||||
Gross Amount Carried - Land and Improvements | 4,735 | ||||
Gross Amount Carried - Building and Improvements | 6,401 | ||||
Gross Amount Carried - FF&E | 1,214 | ||||
Total | 12,350 | ||||
Accumulated Depreciation | $ (2,500) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Orange County Huntington Beach [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,499 | ||||
Initial Cost - Building and Improvements | 5,131 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 795 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 992 | ||||
Gross Amount Carried - Land and Improvements | 4,576 | ||||
Gross Amount Carried - Building and Improvements | 5,926 | ||||
Gross Amount Carried - FF&E | 1,030 | ||||
Total | 11,532 | ||||
Accumulated Depreciation | $ (2,376) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Orange County Irvine Spectrum [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 7,355 | ||||
Initial Cost - Building and Improvements | 5,703 | ||||
Initial Cost - FF&E | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 177 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 850 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,541 | ||||
Gross Amount Carried - Land and Improvements | 7,532 | ||||
Gross Amount Carried - Building and Improvements | 6,553 | ||||
Gross Amount Carried - FF&E | 1,595 | ||||
Total | 15,680 | ||||
Accumulated Depreciation | $ (3,306) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Los Angeles La Mirada [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,681 | ||||
Initial Cost - Building and Improvements | 2,557 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 36 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 823 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047 | ||||
Gross Amount Carried - Land and Improvements | 3,717 | ||||
Gross Amount Carried - Building and Improvements | 3,380 | ||||
Gross Amount Carried - FF&E | 1,086 | ||||
Total | 8,183 | ||||
Accumulated Depreciation | $ (1,816) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Orange County Lake Forest [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,530 | ||||
Initial Cost - Building and Improvements | 2,182 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 856 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,044 | ||||
Gross Amount Carried - Land and Improvements | 5,630 | ||||
Gross Amount Carried - Building and Improvements | 3,038 | ||||
Gross Amount Carried - FF&E | 1,087 | ||||
Total | 9,755 | ||||
Accumulated Depreciation | $ (1,738) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Livermore Airway Blvd [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,553 | ||||
Initial Cost - Building and Improvements | 3,576 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 759 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 2,614 | ||||
Gross Amount Carried - Building and Improvements | 4,335 | ||||
Gross Amount Carried - FF&E | 1,218 | ||||
Total | 8,167 | ||||
Accumulated Depreciation | $ (2,093) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Los Angeles Long Beach Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,626 | ||||
Initial Cost - Building and Improvements | 6,872 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 765 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,138 | ||||
Gross Amount Carried - Land and Improvements | 5,723 | ||||
Gross Amount Carried - Building and Improvements | 7,637 | ||||
Gross Amount Carried - FF&E | 1,185 | ||||
Total | 14,545 | ||||
Accumulated Depreciation | $ (2,878) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Los Angeles LAX Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,770 | ||||
Initial Cost - Building and Improvements | 7,879 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 985 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,603 | ||||
Gross Amount Carried - Land and Improvements | 4,836 | ||||
Gross Amount Carried - Building and Improvements | 8,864 | ||||
Gross Amount Carried - FF&E | 1,659 | ||||
Total | 15,359 | ||||
Accumulated Depreciation | $ (3,270) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
San Jose Milpitas [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,602 | ||||
Initial Cost - Building and Improvements | 4,064 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 335 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 746 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,615 | ||||
Gross Amount Carried - Land and Improvements | 6,937 | ||||
Gross Amount Carried - Building and Improvements | 4,810 | ||||
Gross Amount Carried - FF&E | 1,666 | ||||
Total | 13,413 | ||||
Accumulated Depreciation | $ (2,355) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
San Jose Milpitas McCarthy Ranch [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,844 | ||||
Initial Cost - Building and Improvements | 7,392 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 144 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,733 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,720 | ||||
Gross Amount Carried - Land and Improvements | 6,988 | ||||
Gross Amount Carried - Building and Improvements | 9,125 | ||||
Gross Amount Carried - FF&E | 2,777 | ||||
Total | 18,890 | ||||
Accumulated Depreciation | $ (4,140) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Los Angeles Monrovia [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,884 | ||||
Initial Cost - Building and Improvements | 4,929 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 943 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,263 | ||||
Gross Amount Carried - Land and Improvements | 4,002 | ||||
Gross Amount Carried - Building and Improvements | 5,872 | ||||
Gross Amount Carried - FF&E | 1,320 | ||||
Total | 11,194 | ||||
Accumulated Depreciation | $ (2,750) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
San Jose Morgan Hill [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,283 | ||||
Initial Cost - Building and Improvements | 2,018 | ||||
Initial Cost - FF&E | 36 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 794 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,064 | ||||
Gross Amount Carried - Land and Improvements | 4,387 | ||||
Gross Amount Carried - Building and Improvements | 2,812 | ||||
Gross Amount Carried - FF&E | 1,100 | ||||
Total | 8,299 | ||||
Accumulated Depreciation | $ (1,637) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
San Jose Mountain View [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,657 | ||||
Initial Cost - Building and Improvements | 4,458 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 882 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,200 | ||||
Gross Amount Carried - Land and Improvements | 6,787 | ||||
Gross Amount Carried - Building and Improvements | 5,340 | ||||
Gross Amount Carried - FF&E | 2,247 | ||||
Total | 14,374 | ||||
Accumulated Depreciation | $ (2,609) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Orange County John Wayne Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,881 | ||||
Initial Cost - Building and Improvements | 10,663 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,134 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,335 | ||||
Gross Amount Carried - Land and Improvements | 6,959 | ||||
Gross Amount Carried - Building and Improvements | 11,797 | ||||
Gross Amount Carried - FF&E | 1,433 | ||||
Total | 20,189 | ||||
Accumulated Depreciation | $ (3,886) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Los Angeles Northridge [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,167 | ||||
Initial Cost - Building and Improvements | 5,391 | ||||
Initial Cost - FF&E | 163 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 651 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,242 | ||||
Gross Amount Carried - Land and Improvements | 5,271 | ||||
Gross Amount Carried - Building and Improvements | 6,042 | ||||
Gross Amount Carried - FF&E | 1,405 | ||||
Total | 12,718 | ||||
Accumulated Depreciation | $ (2,387) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,005 | ||||
Depreciable Lives | 45 years | ||||
Oakland Emeryville [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,927 | ||||
Initial Cost - Building and Improvements | 9,132 | ||||
Initial Cost - FF&E | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 548 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 675 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,539 | ||||
Gross Amount Carried - Land and Improvements | 4,475 | ||||
Gross Amount Carried - Building and Improvements | 9,807 | ||||
Gross Amount Carried - FF&E | 1,656 | ||||
Total | 15,938 | ||||
Accumulated Depreciation | $ (3,364) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
San Diego Oceanside [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,271 | ||||
Initial Cost - Building and Improvements | 5,999 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 746 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,262 | ||||
Gross Amount Carried - Land and Improvements | 4,405 | ||||
Gross Amount Carried - Building and Improvements | 6,745 | ||||
Gross Amount Carried - FF&E | 1,305 | ||||
Total | 12,455 | ||||
Accumulated Depreciation | $ (2,566) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Los Angeles Ontario Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,639 | ||||
Initial Cost - Building and Improvements | 6,138 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 124 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,028 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,237 | ||||
Gross Amount Carried - Land and Improvements | 1,763 | ||||
Gross Amount Carried - Building and Improvements | 7,166 | ||||
Gross Amount Carried - FF&E | 1,283 | ||||
Total | 10,212 | ||||
Accumulated Depreciation | $ (2,703) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Orange County Katella Ave [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,976 | ||||
Initial Cost - Building and Improvements | 5,704 | ||||
Initial Cost - FF&E | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,034 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,228 | ||||
Gross Amount Carried - Land and Improvements | 4,047 | ||||
Gross Amount Carried - Building and Improvements | 6,738 | ||||
Gross Amount Carried - FF&E | 1,302 | ||||
Total | 12,087 | ||||
Accumulated Depreciation | $ (2,566) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Palm Springs Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,955 | ||||
Initial Cost - Building and Improvements | 3,506 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 341 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 749 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,168 | ||||
Gross Amount Carried - Land and Improvements | 2,296 | ||||
Gross Amount Carried - Building and Improvements | 4,255 | ||||
Gross Amount Carried - FF&E | 1,266 | ||||
Total | 7,817 | ||||
Accumulated Depreciation | $ (1,973) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Pleasant Hill Buskirk Ave [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,786 | ||||
Initial Cost - Building and Improvements | 7,754 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 759 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,307 | ||||
Gross Amount Carried - Land and Improvements | 3,884 | ||||
Gross Amount Carried - Building and Improvements | 8,513 | ||||
Gross Amount Carried - FF&E | 1,351 | ||||
Total | 13,748 | ||||
Accumulated Depreciation | $ (2,992) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Pleasanton Chabot Dr [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,039 | ||||
Initial Cost - Building and Improvements | 5,910 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 971 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,384 | ||||
Gross Amount Carried - Land and Improvements | 3,138 | ||||
Gross Amount Carried - Building and Improvements | 6,881 | ||||
Gross Amount Carried - FF&E | 1,439 | ||||
Total | 11,458 | ||||
Accumulated Depreciation | $ (2,875) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Sacramento White Rock Rd [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,301 | ||||
Initial Cost - Building and Improvements | 2,717 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 944 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,250 | ||||
Gross Amount Carried - Land and Improvements | 1,413 | ||||
Gross Amount Carried - Building and Improvements | 3,661 | ||||
Gross Amount Carried - FF&E | 1,297 | ||||
Total | 6,371 | ||||
Accumulated Depreciation | $ (2,161) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Richmond Hilltop Mall [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,232 | ||||
Initial Cost - Building and Improvements | 4,124 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 657 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,200 | ||||
Gross Amount Carried - Land and Improvements | 2,310 | ||||
Gross Amount Carried - Building and Improvements | 4,781 | ||||
Gross Amount Carried - FF&E | 1,251 | ||||
Total | 8,342 | ||||
Accumulated Depreciation | $ (1,910) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Sacramento Roseville [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,125 | ||||
Initial Cost - Building and Improvements | 5,233 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 114 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 624 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,012 | ||||
Gross Amount Carried - Land and Improvements | 1,239 | ||||
Gross Amount Carried - Building and Improvements | 5,857 | ||||
Gross Amount Carried - FF&E | 1,057 | ||||
Total | 8,153 | ||||
Accumulated Depreciation | $ (2,426) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Sacramento Arden Way [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 888 | ||||
Initial Cost - Building and Improvements | 2,349 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 152 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,192 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,138 | ||||
Gross Amount Carried - Land and Improvements | 1,040 | ||||
Gross Amount Carried - Building and Improvements | 3,541 | ||||
Gross Amount Carried - FF&E | 1,183 | ||||
Total | 5,764 | ||||
Accumulated Depreciation | $ (1,802) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Sacramento Northgate [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 932 | ||||
Initial Cost - Building and Improvements | 2,359 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 208 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 831 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,172 | ||||
Gross Amount Carried - Land and Improvements | 1,140 | ||||
Gross Amount Carried - Building and Improvements | 3,190 | ||||
Gross Amount Carried - FF&E | 1,216 | ||||
Total | 5,546 | ||||
Accumulated Depreciation | $ (1,815) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Sacramento South Natomas [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,460 | ||||
Initial Cost - Building and Improvements | 823 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,094 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,470 | ||||
Gross Amount Carried - Land and Improvements | 1,526 | ||||
Gross Amount Carried - Building and Improvements | 1,917 | ||||
Gross Amount Carried - FF&E | 1,521 | ||||
Total | 4,964 | ||||
Accumulated Depreciation | $ (1,860) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
San Francisco San Carlos [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,233 | ||||
Initial Cost - Building and Improvements | 5,299 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 871 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,338 | ||||
Gross Amount Carried - Land and Improvements | 4,346 | ||||
Gross Amount Carried - Building and Improvements | 6,170 | ||||
Gross Amount Carried - FF&E | 1,387 | ||||
Total | 11,903 | ||||
Accumulated Depreciation | $ (2,721) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
San Diego Hotel Circle [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,893 | ||||
Initial Cost - Building and Improvements | 9,935 | ||||
Initial Cost - FF&E | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 416 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,204 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,685 | ||||
Gross Amount Carried - Land and Improvements | 7,309 | ||||
Gross Amount Carried - Building and Improvements | 11,139 | ||||
Gross Amount Carried - FF&E | 1,753 | ||||
Total | 20,201 | ||||
Accumulated Depreciation | $ (4,088) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
San Diego Mission Valley Stadium [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,978 | ||||
Initial Cost - Building and Improvements | 1,797 | ||||
Initial Cost - FF&E | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 648 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,045 | ||||
Gross Amount Carried - Land and Improvements | 7,024 | ||||
Gross Amount Carried - Building and Improvements | 2,445 | ||||
Gross Amount Carried - FF&E | 1,130 | ||||
Total | 10,599 | ||||
Accumulated Depreciation | $ (1,606) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
San Diego Fashion Valley [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,371 | ||||
Initial Cost - Building and Improvements | 5,639 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 107 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 931 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,547 | ||||
Gross Amount Carried - Land and Improvements | 5,478 | ||||
Gross Amount Carried - Building and Improvements | 6,570 | ||||
Gross Amount Carried - FF&E | 1,596 | ||||
Total | 13,644 | ||||
Accumulated Depreciation | $ (3,307) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Los Angeles San Dimas [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,736 | ||||
Initial Cost - Building and Improvements | 991 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 736 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,055 | ||||
Gross Amount Carried - Land and Improvements | 4,801 | ||||
Gross Amount Carried - Building and Improvements | 1,727 | ||||
Gross Amount Carried - FF&E | 1,097 | ||||
Total | 7,625 | ||||
Accumulated Depreciation | $ (1,463) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
San Jose Airport [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 8,118 | ||||
Initial Cost - Building and Improvements | 5,912 | ||||
Initial Cost - FF&E | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 169 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,116 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,609 | ||||
Gross Amount Carried - Land and Improvements | 8,287 | ||||
Gross Amount Carried - Building and Improvements | 7,028 | ||||
Gross Amount Carried - FF&E | 2,684 | ||||
Total | 17,999 | ||||
Accumulated Depreciation | $ (3,056) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
San Jose Downtown [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,480 | ||||
Initial Cost - Building and Improvements | 6,070 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 344 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,396 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,730 | ||||
Gross Amount Carried - Land and Improvements | 6,824 | ||||
Gross Amount Carried - Building and Improvements | 7,466 | ||||
Gross Amount Carried - FF&E | 1,783 | ||||
Total | 16,073 | ||||
Accumulated Depreciation | $ (3,087) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
San Jose Edenvale North [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,087 | ||||
Initial Cost - Building and Improvements | 3,649 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 935 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,255 | ||||
Gross Amount Carried - Land and Improvements | 5,157 | ||||
Gross Amount Carried - Building and Improvements | 4,584 | ||||
Gross Amount Carried - FF&E | 1,311 | ||||
Total | 11,052 | ||||
Accumulated Depreciation | $ (1,997) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
San Jose Edenvale South [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,359 | ||||
Initial Cost - Building and Improvements | 3,832 | ||||
Initial Cost - FF&E | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 776 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,483 | ||||
Gross Amount Carried - Land and Improvements | 5,477 | ||||
Gross Amount Carried - Building and Improvements | 4,608 | ||||
Gross Amount Carried - FF&E | 1,566 | ||||
Total | 11,651 | ||||
Accumulated Depreciation | $ (2,341) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 41 years | ||||
San Francisco San Mateo SFO [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 7,369 | ||||
Initial Cost - Building and Improvements | 6,704 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 144 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,016 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,287 | ||||
Gross Amount Carried - Land and Improvements | 7,513 | ||||
Gross Amount Carried - Building and Improvements | 7,720 | ||||
Gross Amount Carried - FF&E | 2,337 | ||||
Total | 17,570 | ||||
Accumulated Depreciation | $ (3,088) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
San Rafael Francisco Blvd East [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,129 | ||||
Initial Cost - Building and Improvements | 13,822 | ||||
Initial Cost - FF&E | 378 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 620 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,122 | ||||
Gross Amount Carried - Land and Improvements | 3,233 | ||||
Gross Amount Carried - Building and Improvements | 14,442 | ||||
Gross Amount Carried - FF&E | 1,500 | ||||
Total | 19,175 | ||||
Accumulated Depreciation | $ (4,169) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,007 | ||||
Depreciable Lives | 47 years | ||||
San Ramon Bishop Ranch East [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,721 | ||||
Initial Cost - Building and Improvements | 5,226 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 771 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,816 | ||||
Gross Amount Carried - Land and Improvements | 3,850 | ||||
Gross Amount Carried - Building and Improvements | 5,997 | ||||
Gross Amount Carried - FF&E | 1,875 | ||||
Total | 11,722 | ||||
Accumulated Depreciation | $ (2,363) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
San Ramon Bishop Ranch West [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,098 | ||||
Initial Cost - Building and Improvements | 2,886 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 758 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,463 | ||||
Gross Amount Carried - Land and Improvements | 3,196 | ||||
Gross Amount Carried - Building and Improvements | 3,644 | ||||
Gross Amount Carried - FF&E | 1,518 | ||||
Total | 8,358 | ||||
Accumulated Depreciation | $ (2,516) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Santa Barbara Calle Real [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,301 | ||||
Initial Cost - Building and Improvements | 8,709 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 753 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,048 | ||||
Gross Amount Carried - Land and Improvements | 3,411 | ||||
Gross Amount Carried - Building and Improvements | 9,462 | ||||
Gross Amount Carried - FF&E | 1,089 | ||||
Total | 13,962 | ||||
Accumulated Depreciation | $ (3,027) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Santa Rosa North [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,053 | ||||
Initial Cost - Building and Improvements | 6,086 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 539 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 898 | ||||
Gross Amount Carried - Land and Improvements | 3,121 | ||||
Gross Amount Carried - Building and Improvements | 6,625 | ||||
Gross Amount Carried - FF&E | 944 | ||||
Total | 10,690 | ||||
Accumulated Depreciation | $ (2,112) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Santa Rosa South [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,592 | ||||
Initial Cost - Building and Improvements | 4,998 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 783 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,221 | ||||
Gross Amount Carried - Land and Improvements | 1,701 | ||||
Gross Amount Carried - Building and Improvements | 5,781 | ||||
Gross Amount Carried - FF&E | 1,262 | ||||
Total | 8,744 | ||||
Accumulated Depreciation | $ (2,459) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Los Angeles Simi Valley [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,088 | ||||
Initial Cost - Building and Improvements | 7,175 | ||||
Initial Cost - FF&E | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 188 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 652 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 998 | ||||
Gross Amount Carried - Land and Improvements | 3,276 | ||||
Gross Amount Carried - Building and Improvements | 7,827 | ||||
Gross Amount Carried - FF&E | 1,111 | ||||
Total | 12,214 | ||||
Accumulated Depreciation | $ (2,810) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
San Diego Sorrento Mesa [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,441 | ||||
Initial Cost - Building and Improvements | 6,020 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 179 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 781 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,252 | ||||
Gross Amount Carried - Land and Improvements | 6,620 | ||||
Gross Amount Carried - Building and Improvements | 6,801 | ||||
Gross Amount Carried - FF&E | 1,301 | ||||
Total | 14,722 | ||||
Accumulated Depreciation | $ (3,166) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Los Angeles Valencia [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 9,414 | ||||
Initial Cost - FF&E | 20 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,058 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,102 | ||||
Gross Amount Carried - Land and Improvements | 9,512 | ||||
Gross Amount Carried - Building and Improvements | 1,058 | ||||
Gross Amount Carried - FF&E | 1,122 | ||||
Total | 11,692 | ||||
Accumulated Depreciation | $ (1,113) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Stockton March Lane [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,299 | ||||
Initial Cost - Building and Improvements | 3,558 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 111 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 420 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 911 | ||||
Gross Amount Carried - Land and Improvements | 2,410 | ||||
Gross Amount Carried - Building and Improvements | 3,978 | ||||
Gross Amount Carried - FF&E | 966 | ||||
Total | 7,354 | ||||
Accumulated Depreciation | $ (1,735) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
San Jose Sunnyvale [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,051 | ||||
Initial Cost - Building and Improvements | 5,019 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 191 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,426 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,502 | ||||
Gross Amount Carried - Land and Improvements | 6,242 | ||||
Gross Amount Carried - Building and Improvements | 6,445 | ||||
Gross Amount Carried - FF&E | 1,552 | ||||
Total | 14,239 | ||||
Accumulated Depreciation | $ (2,890) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Temecula Wine Country [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,489 | ||||
Initial Cost - Building and Improvements | 8,153 | ||||
Initial Cost - FF&E | 79 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 669 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,188 | ||||
Gross Amount Carried - Land and Improvements | 1,558 | ||||
Gross Amount Carried - Building and Improvements | 8,822 | ||||
Gross Amount Carried - FF&E | 1,267 | ||||
Total | 11,647 | ||||
Accumulated Depreciation | $ (2,944) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Los Angeles Torrance Del Amo Circle [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,953 | ||||
Initial Cost - Building and Improvements | 4,361 | ||||
Initial Cost - FF&E | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 752 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,357 | ||||
Gross Amount Carried - Land and Improvements | 6,049 | ||||
Gross Amount Carried - Building and Improvements | 5,113 | ||||
Gross Amount Carried - FF&E | 1,435 | ||||
Total | 12,597 | ||||
Accumulated Depreciation | $ (2,654) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Los Angeles Torrance [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,761 | ||||
Initial Cost - Building and Improvements | 6,296 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 839 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,072 | ||||
Gross Amount Carried - Land and Improvements | 3,829 | ||||
Gross Amount Carried - Building and Improvements | 7,135 | ||||
Gross Amount Carried - FF&E | 1,115 | ||||
Total | 12,079 | ||||
Accumulated Depreciation | $ (2,758) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Los Angeles Torrance Harbor Gateway [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,625 | ||||
Initial Cost - Building and Improvements | 4,747 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 738 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,015 | ||||
Gross Amount Carried - Land and Improvements | 4,748 | ||||
Gross Amount Carried - Building and Improvements | 5,485 | ||||
Gross Amount Carried - FF&E | 1,064 | ||||
Total | 11,297 | ||||
Accumulated Depreciation | $ (2,284) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Stockton Tracy [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,344 | ||||
Initial Cost - Building and Improvements | 3,434 | ||||
Initial Cost - FF&E | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 464 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 863 | ||||
Gross Amount Carried - Land and Improvements | 2,446 | ||||
Gross Amount Carried - Building and Improvements | 3,898 | ||||
Gross Amount Carried - FF&E | 959 | ||||
Total | 7,303 | ||||
Accumulated Depreciation | $ (1,804) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Union City Dyer St [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,907 | ||||
Initial Cost - Building and Improvements | 6,359 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 205 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 962 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,998 | ||||
Gross Amount Carried - Land and Improvements | 3,112 | ||||
Gross Amount Carried - Building and Improvements | 7,321 | ||||
Gross Amount Carried - FF&E | 2,049 | ||||
Total | 12,482 | ||||
Accumulated Depreciation | $ (2,847) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Sacramento Vacaville [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 809 | ||||
Initial Cost - Building and Improvements | 3,179 | ||||
Initial Cost - FF&E | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 772 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,089 | ||||
Gross Amount Carried - Land and Improvements | 902 | ||||
Gross Amount Carried - Building and Improvements | 3,951 | ||||
Gross Amount Carried - FF&E | 1,165 | ||||
Total | 6,018 | ||||
Accumulated Depreciation | $ (1,769) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Sacramento West Sacramento [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,292 | ||||
Initial Cost - Building and Improvements | 3,395 | ||||
Initial Cost - FF&E | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 423 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,038 | ||||
Gross Amount Carried - Land and Improvements | 1,361 | ||||
Gross Amount Carried - Building and Improvements | 3,818 | ||||
Gross Amount Carried - FF&E | 1,172 | ||||
Total | 6,351 | ||||
Accumulated Depreciation | $ (1,827) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Los Angeles Woodland Hills [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,452 | ||||
Initial Cost - Building and Improvements | 7,561 | ||||
Initial Cost - FF&E | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,077 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,916 | ||||
Gross Amount Carried - Land and Improvements | 5,569 | ||||
Gross Amount Carried - Building and Improvements | 8,638 | ||||
Gross Amount Carried - FF&E | 1,985 | ||||
Total | 16,192 | ||||
Accumulated Depreciation | $ (3,509) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Orange County Yorba Linda [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,443 | ||||
Initial Cost - Building and Improvements | 2,020 | ||||
Initial Cost - FF&E | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 606 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,013 | ||||
Gross Amount Carried - Land and Improvements | 3,497 | ||||
Gross Amount Carried - Building and Improvements | 2,626 | ||||
Gross Amount Carried - FF&E | 1,119 | ||||
Total | 7,242 | ||||
Accumulated Depreciation | $ (1,573) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Denver Aurora South [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,415 | ||||
Initial Cost - Building and Improvements | 2,958 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 187 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,035 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,421 | ||||
Gross Amount Carried - Land and Improvements | 2,602 | ||||
Gross Amount Carried - Building and Improvements | 3,993 | ||||
Gross Amount Carried - FF&E | 1,469 | ||||
Total | 8,064 | ||||
Accumulated Depreciation | $ (2,057) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Denver Aurora North [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,706 | ||||
Initial Cost - Building and Improvements | 6,047 | ||||
Initial Cost - FF&E | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,493 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,615 | ||||
Gross Amount Carried - Land and Improvements | 2,777 | ||||
Gross Amount Carried - Building and Improvements | 7,540 | ||||
Gross Amount Carried - FF&E | 1,680 | ||||
Total | 11,997 | ||||
Accumulated Depreciation | $ (3,067) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 39 years | ||||
Colorado Springs West [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,338 | ||||
Initial Cost - Building and Improvements | 1,325 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 529 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 856 | ||||
Gross Amount Carried - Land and Improvements | 3,457 | ||||
Gross Amount Carried - Building and Improvements | 1,854 | ||||
Gross Amount Carried - FF&E | 897 | ||||
Total | 6,208 | ||||
Accumulated Depreciation | $ (1,066) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Denver Tech Center South [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,714 | ||||
Initial Cost - Building and Improvements | 978 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 574 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 970 | ||||
Gross Amount Carried - Land and Improvements | 1,843 | ||||
Gross Amount Carried - Building and Improvements | 1,552 | ||||
Gross Amount Carried - FF&E | 1,016 | ||||
Total | 4,411 | ||||
Accumulated Depreciation | $ (916) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Denver Tech Center South Inverness [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,941 | ||||
Initial Cost - Building and Improvements | 1,340 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 186 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,396 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,210 | ||||
Gross Amount Carried - Land and Improvements | 3,127 | ||||
Gross Amount Carried - Building and Improvements | 2,736 | ||||
Gross Amount Carried - FF&E | 1,256 | ||||
Total | 7,119 | ||||
Accumulated Depreciation | $ (1,539) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Denver Cherry Creek [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,856 | ||||
Initial Cost - Building and Improvements | 2,713 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 173 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 900 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,337 | ||||
Gross Amount Carried - Land and Improvements | 2,029 | ||||
Gross Amount Carried - Building and Improvements | 3,613 | ||||
Gross Amount Carried - FF&E | 1,377 | ||||
Total | 7,019 | ||||
Accumulated Depreciation | $ (2,236) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Denver Tech Center Central [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,392 | ||||
Initial Cost - Building and Improvements | 1,286 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 197 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,170 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,490 | ||||
Gross Amount Carried - Land and Improvements | 2,589 | ||||
Gross Amount Carried - Building and Improvements | 2,456 | ||||
Gross Amount Carried - FF&E | 1,541 | ||||
Total | 6,586 | ||||
Accumulated Depreciation | $ (2,344) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 34 years | ||||
Denver Tech Center South Greenwood Village [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,767 | ||||
Initial Cost - Building and Improvements | 2,278 | ||||
Initial Cost - FF&E | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 165 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 815 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,169 | ||||
Gross Amount Carried - Land and Improvements | 1,932 | ||||
Gross Amount Carried - Building and Improvements | 3,093 | ||||
Gross Amount Carried - FF&E | 1,279 | ||||
Total | 6,304 | ||||
Accumulated Depreciation | $ (1,575) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 44 years | ||||
Denver Lakewood South [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,338 | ||||
Initial Cost - Building and Improvements | 3,348 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 140 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 840 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,199 | ||||
Gross Amount Carried - Land and Improvements | 2,478 | ||||
Gross Amount Carried - Building and Improvements | 4,188 | ||||
Gross Amount Carried - FF&E | 1,242 | ||||
Total | 7,908 | ||||
Accumulated Depreciation | $ (2,269) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Denver Park Meadows [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,578 | ||||
Initial Cost - Building and Improvements | 3,467 | ||||
Initial Cost - FF&E | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 618 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,011 | ||||
Gross Amount Carried - Land and Improvements | 1,726 | ||||
Gross Amount Carried - Building and Improvements | 4,085 | ||||
Gross Amount Carried - FF&E | 1,089 | ||||
Total | 6,900 | ||||
Accumulated Depreciation | $ (1,958) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Denver Westminster [Member] | COLORADO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,779 | ||||
Initial Cost - Building and Improvements | 4,683 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 270 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 728 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,041 | ||||
Gross Amount Carried - Land and Improvements | 3,049 | ||||
Gross Amount Carried - Building and Improvements | 5,411 | ||||
Gross Amount Carried - FF&E | 1,090 | ||||
Total | 9,550 | ||||
Accumulated Depreciation | $ (2,094) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Hartford Farmington [Member] | CONNECTICUT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,080 | ||||
Initial Cost - Building and Improvements | 6,003 | ||||
Initial Cost - FF&E | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 589 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 903 | ||||
Gross Amount Carried - Land and Improvements | 1,188 | ||||
Gross Amount Carried - Building and Improvements | 6,592 | ||||
Gross Amount Carried - FF&E | 968 | ||||
Total | 8,748 | ||||
Accumulated Depreciation | $ (2,116) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Hartford Manchester [Member] | CONNECTICUT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,002 | ||||
Initial Cost - Building and Improvements | 6,723 | ||||
Initial Cost - FF&E | 67 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 702 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 945 | ||||
Gross Amount Carried - Land and Improvements | 1,090 | ||||
Gross Amount Carried - Building and Improvements | 7,425 | ||||
Gross Amount Carried - FF&E | 1,012 | ||||
Total | 9,527 | ||||
Accumulated Depreciation | $ (2,692) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Hartford Meriden [Member] | CONNECTICUT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 687 | ||||
Initial Cost - Building and Improvements | 6,207 | ||||
Initial Cost - FF&E | 81 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 133 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 537 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 973 | ||||
Gross Amount Carried - Land and Improvements | 820 | ||||
Gross Amount Carried - Building and Improvements | 6,744 | ||||
Gross Amount Carried - FF&E | 1,054 | ||||
Total | 8,618 | ||||
Accumulated Depreciation | $ (2,579) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Norwalk Stamford [Member] | CONNECTICUT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,866 | ||||
Initial Cost - Building and Improvements | 12,533 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 170 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 897 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,423 | ||||
Gross Amount Carried - Land and Improvements | 3,036 | ||||
Gross Amount Carried - Building and Improvements | 13,430 | ||||
Gross Amount Carried - FF&E | 1,487 | ||||
Total | 17,953 | ||||
Accumulated Depreciation | $ (4,451) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Shelton Fairfield County [Member] | CONNECTICUT | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,001 | ||||
Initial Cost - Building and Improvements | 11,314 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,119 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,268 | ||||
Gross Amount Carried - Land and Improvements | 2,101 | ||||
Gross Amount Carried - Building and Improvements | 12,433 | ||||
Gross Amount Carried - FF&E | 1,328 | ||||
Total | 15,862 | ||||
Accumulated Depreciation | $ (4,280) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Newark Christiana Wilmington [Member] | DELAWARE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,473 | ||||
Initial Cost - Building and Improvements | 7,617 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 158 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,112 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,318 | ||||
Gross Amount Carried - Land and Improvements | 1,631 | ||||
Gross Amount Carried - Building and Improvements | 8,729 | ||||
Gross Amount Carried - FF&E | 1,379 | ||||
Total | 11,739 | ||||
Accumulated Depreciation | $ (3,274) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Orlando Altamonte Springs [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,421 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 25 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 867 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,304 | ||||
Gross Amount Carried - Land and Improvements | 5,508 | ||||
Gross Amount Carried - Building and Improvements | 867 | ||||
Gross Amount Carried - FF&E | 1,329 | ||||
Total | 7,704 | ||||
Accumulated Depreciation | $ (1,057) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Boca Raton Commerce [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,920 | ||||
Initial Cost - Building and Improvements | 3,219 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,378 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,313 | ||||
Gross Amount Carried - Land and Improvements | 6,057 | ||||
Gross Amount Carried - Building and Improvements | 4,597 | ||||
Gross Amount Carried - FF&E | 1,369 | ||||
Total | 12,023 | ||||
Accumulated Depreciation | $ (2,458) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Tampa Brandon [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,709 | ||||
Initial Cost - Building and Improvements | 3,540 | ||||
Initial Cost - FF&E | 696 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 195 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 898 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 883 | ||||
Gross Amount Carried - Land and Improvements | 3,904 | ||||
Gross Amount Carried - Building and Improvements | 4,438 | ||||
Gross Amount Carried - FF&E | 1,579 | ||||
Total | 9,921 | ||||
Accumulated Depreciation | $ (3,035) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 26 years | ||||
St Petersburg Clearwater Executive Dr [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,951 | ||||
Initial Cost - Building and Improvements | 3,062 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 621 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 895 | ||||
Gross Amount Carried - Land and Improvements | 2,008 | ||||
Gross Amount Carried - Building and Improvements | 3,683 | ||||
Gross Amount Carried - FF&E | 934 | ||||
Total | 6,625 | ||||
Accumulated Depreciation | $ (1,850) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Clearwater Carillon Park [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,679 | ||||
Initial Cost - Building and Improvements | 2,926 | ||||
Initial Cost - FF&E | 489 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 158 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 957 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 869 | ||||
Gross Amount Carried - Land and Improvements | 1,837 | ||||
Gross Amount Carried - Building and Improvements | 3,883 | ||||
Gross Amount Carried - FF&E | 1,358 | ||||
Total | 7,078 | ||||
Accumulated Depreciation | $ (2,563) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 22 years | ||||
Fort Lauderdale Davie [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,014 | ||||
Initial Cost - Building and Improvements | 3,117 | ||||
Initial Cost - FF&E | 492 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 166 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,009 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,186 | ||||
Gross Amount Carried - Land and Improvements | 5,180 | ||||
Gross Amount Carried - Building and Improvements | 4,126 | ||||
Gross Amount Carried - FF&E | 1,678 | ||||
Total | 10,984 | ||||
Accumulated Depreciation | $ (2,316) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 23 years | ||||
Daytona Beach International Speedway [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 987 | ||||
Initial Cost - Building and Improvements | 3,972 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 474 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,170 | ||||
Gross Amount Carried - Land and Improvements | 1,086 | ||||
Gross Amount Carried - Building and Improvements | 4,446 | ||||
Gross Amount Carried - FF&E | 1,215 | ||||
Total | 6,747 | ||||
Accumulated Depreciation | $ (1,612) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 41 years | ||||
Fort Lauderdale Deerfield Beach [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,885 | ||||
Initial Cost - Building and Improvements | 3,421 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 145 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 622 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,024 | ||||
Gross Amount Carried - Land and Improvements | 3,030 | ||||
Gross Amount Carried - Building and Improvements | 4,043 | ||||
Gross Amount Carried - FF&E | 1,062 | ||||
Total | 8,135 | ||||
Accumulated Depreciation | $ (1,902) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Destin US Nine Eight Emerald Coast Pkwy [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,149 | ||||
Initial Cost - Building and Improvements | 2,528 | ||||
Initial Cost - FF&E | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,631 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 866 | ||||
Gross Amount Carried - Land and Improvements | 1,266 | ||||
Gross Amount Carried - Building and Improvements | 4,159 | ||||
Gross Amount Carried - FF&E | 962 | ||||
Total | 6,387 | ||||
Accumulated Depreciation | $ (2,048) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 48 years | ||||
Fort Lauderdale Cruise Port [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,441 | ||||
Initial Cost - Building and Improvements | 7,008 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,013 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,339 | ||||
Gross Amount Carried - Land and Improvements | 3,515 | ||||
Gross Amount Carried - Building and Improvements | 8,021 | ||||
Gross Amount Carried - FF&E | 1,410 | ||||
Total | 12,946 | ||||
Accumulated Depreciation | $ (3,064) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Fort Lauderdale Cypress Creek Andrews Ave [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,761 | ||||
Initial Cost - Building and Improvements | 2,685 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 652 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 2,912 | ||||
Gross Amount Carried - Building and Improvements | 3,337 | ||||
Gross Amount Carried - FF&E | 1,215 | ||||
Total | 7,464 | ||||
Accumulated Depreciation | $ (1,699) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Fort Lauderdale Cypress Creek NW Sixth Way [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,480 | ||||
Initial Cost - Building and Improvements | 751 | ||||
Initial Cost - FF&E | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 831 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,131 | ||||
Gross Amount Carried - Land and Improvements | 2,567 | ||||
Gross Amount Carried - Building and Improvements | 1,582 | ||||
Gross Amount Carried - FF&E | 1,193 | ||||
Total | 5,342 | ||||
Accumulated Depreciation | $ (1,103) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 42 years | ||||
Fort Lauderdale Plantation [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,352 | ||||
Initial Cost - Building and Improvements | 2,252 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 139 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 782 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,029 | ||||
Gross Amount Carried - Land and Improvements | 6,491 | ||||
Gross Amount Carried - Building and Improvements | 3,034 | ||||
Gross Amount Carried - FF&E | 1,090 | ||||
Total | 10,615 | ||||
Accumulated Depreciation | $ (1,558) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Gainesville I Seven Five [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 846 | ||||
Initial Cost - Building and Improvements | 6,416 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 754 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 996 | ||||
Gross Amount Carried - Land and Improvements | 905 | ||||
Gross Amount Carried - Building and Improvements | 7,170 | ||||
Gross Amount Carried - FF&E | 1,040 | ||||
Total | 9,115 | ||||
Accumulated Depreciation | $ (2,535) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Jacksonville Baymeadows [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,163 | ||||
Initial Cost - Building and Improvements | 2,662 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 877 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,415 | ||||
Gross Amount Carried - Land and Improvements | 1,251 | ||||
Gross Amount Carried - Building and Improvements | 3,539 | ||||
Gross Amount Carried - FF&E | 1,463 | ||||
Total | 6,253 | ||||
Accumulated Depreciation | $ (1,647) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Jacksonville Lenoir Avenue East [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 969 | ||||
Initial Cost - Building and Improvements | 1,057 | ||||
Initial Cost - FF&E | 63 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 687 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,125 | ||||
Gross Amount Carried - Land and Improvements | 1,048 | ||||
Gross Amount Carried - Building and Improvements | 1,744 | ||||
Gross Amount Carried - FF&E | 1,188 | ||||
Total | 3,980 | ||||
Accumulated Depreciation | $ (1,228) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Jacksonville Deerwood Park [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 943 | ||||
Initial Cost - Building and Improvements | 3,910 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 999 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,522 | ||||
Gross Amount Carried - Land and Improvements | 1,085 | ||||
Gross Amount Carried - Building and Improvements | 4,909 | ||||
Gross Amount Carried - FF&E | 1,588 | ||||
Total | 7,582 | ||||
Accumulated Depreciation | $ (2,179) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Jacksonville Lenoir Avenue South [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 842 | ||||
Initial Cost - Building and Improvements | 1,862 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 561 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 917 | ||||
Gross Amount Carried - Land and Improvements | 892 | ||||
Gross Amount Carried - Building and Improvements | 2,423 | ||||
Gross Amount Carried - FF&E | 964 | ||||
Total | 4,279 | ||||
Accumulated Depreciation | $ (1,086) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 44 years | ||||
Jacksonville Riverwalk Convention Center [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 593 | ||||
Initial Cost - Building and Improvements | 3,693 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 737 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 987 | ||||
Gross Amount Carried - Land and Improvements | 693 | ||||
Gross Amount Carried - Building and Improvements | 4,430 | ||||
Gross Amount Carried - FF&E | 1,039 | ||||
Total | 6,162 | ||||
Accumulated Depreciation | $ (2,072) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Jacksonville Salisbury Rd Southpoint [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 727 | ||||
Initial Cost - Building and Improvements | 720 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,045 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,216 | ||||
Gross Amount Carried - Land and Improvements | 857 | ||||
Gross Amount Carried - Building and Improvements | 2,765 | ||||
Gross Amount Carried - FF&E | 1,268 | ||||
Total | 4,890 | ||||
Accumulated Depreciation | $ (2,070) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Jacksonville Southside St Johns Towne Center [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 925 | ||||
Initial Cost - Building and Improvements | 2,679 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,163 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,229 | ||||
Gross Amount Carried - Land and Improvements | 1,033 | ||||
Gross Amount Carried - Building and Improvements | 3,842 | ||||
Gross Amount Carried - FF&E | 1,276 | ||||
Total | 6,151 | ||||
Accumulated Depreciation | $ (1,727) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,229 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 19 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 556 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 833 | ||||
Gross Amount Carried - Land and Improvements | 2,290 | ||||
Gross Amount Carried - Building and Improvements | 556 | ||||
Gross Amount Carried - FF&E | 852 | ||||
Total | 3,698 | ||||
Accumulated Depreciation | $ (832) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,685 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 25 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 120 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 897 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,148 | ||||
Gross Amount Carried - Land and Improvements | 2,805 | ||||
Gross Amount Carried - Building and Improvements | 897 | ||||
Gross Amount Carried - FF&E | 1,173 | ||||
Total | 4,875 | ||||
Accumulated Depreciation | $ (951) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Melbourne Airport [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,423 | ||||
Initial Cost - Building and Improvements | 4,160 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 547 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 988 | ||||
Gross Amount Carried - Land and Improvements | 1,499 | ||||
Gross Amount Carried - Building and Improvements | 4,707 | ||||
Gross Amount Carried - FF&E | 1,041 | ||||
Total | 7,247 | ||||
Accumulated Depreciation | $ (1,763) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Miami Airport Blue Lagoon [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 9,702 | ||||
Initial Cost - Building and Improvements | 4,910 | ||||
Initial Cost - FF&E | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,380 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,574 | ||||
Gross Amount Carried - Land and Improvements | 9,803 | ||||
Gross Amount Carried - Building and Improvements | 6,290 | ||||
Gross Amount Carried - FF&E | 1,644 | ||||
Total | 17,737 | ||||
Accumulated Depreciation | $ (3,156) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Miami Airport Doral [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 10,164 | ||||
Initial Cost - Building and Improvements | 4,188 | ||||
Initial Cost - FF&E | 1,131 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 254 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,319 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 791 | ||||
Gross Amount Carried - Land and Improvements | 10,418 | ||||
Gross Amount Carried - Building and Improvements | 5,507 | ||||
Gross Amount Carried - FF&E | 1,922 | ||||
Total | 17,847 | ||||
Accumulated Depreciation | $ (3,706) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 26 years | ||||
Miami Airport Doral Eighty Seventh Avenue South [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,451 | ||||
Initial Cost - Building and Improvements | 7,542 | ||||
Initial Cost - FF&E | 92 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 67 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 965 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,049 | ||||
Gross Amount Carried - Land and Improvements | 4,518 | ||||
Gross Amount Carried - Building and Improvements | 8,507 | ||||
Gross Amount Carried - FF&E | 1,141 | ||||
Total | 14,166 | ||||
Accumulated Depreciation | $ (2,914) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Miami Airport Doral Twenty Fifth Street [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,135 | ||||
Initial Cost - Building and Improvements | 5,307 | ||||
Initial Cost - FF&E | 125 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 952 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,372 | ||||
Gross Amount Carried - Land and Improvements | 4,211 | ||||
Gross Amount Carried - Building and Improvements | 6,259 | ||||
Gross Amount Carried - FF&E | 1,497 | ||||
Total | 11,967 | ||||
Accumulated Depreciation | $ (2,666) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Miami Airport Miami Springs [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 8,014 | ||||
Initial Cost - Building and Improvements | 3,657 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,723 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,121 | ||||
Gross Amount Carried - Land and Improvements | 8,115 | ||||
Gross Amount Carried - Building and Improvements | 6,380 | ||||
Gross Amount Carried - FF&E | 1,192 | ||||
Total | 15,687 | ||||
Accumulated Depreciation | $ (3,090) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Miami Brickell Port of Miami [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,323 | ||||
Initial Cost - Building and Improvements | 7,312 | ||||
Initial Cost - FF&E | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,056 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,275 | ||||
Gross Amount Carried - Land and Improvements | 3,429 | ||||
Gross Amount Carried - Building and Improvements | 8,368 | ||||
Gross Amount Carried - FF&E | 1,360 | ||||
Total | 13,157 | ||||
Accumulated Depreciation | $ (2,995) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Miami Coral Gables [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,866 | ||||
Initial Cost - Building and Improvements | 7,211 | ||||
Initial Cost - FF&E | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 899 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,258 | ||||
Gross Amount Carried - Land and Improvements | 2,950 | ||||
Gross Amount Carried - Building and Improvements | 8,110 | ||||
Gross Amount Carried - FF&E | 1,334 | ||||
Total | 12,394 | ||||
Accumulated Depreciation | $ (2,906) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Orlando Convention Center Six Four Four Three Westwood [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,472 | ||||
Initial Cost - Building and Improvements | 2,071 | ||||
Initial Cost - FF&E | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 840 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,253 | ||||
Gross Amount Carried - Land and Improvements | 2,589 | ||||
Gross Amount Carried - Building and Improvements | 2,911 | ||||
Gross Amount Carried - FF&E | 1,321 | ||||
Total | 6,821 | ||||
Accumulated Depreciation | $ (2,026) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 43 years | ||||
Orlando Convention Center Universal Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,326 | ||||
Initial Cost - Building and Improvements | 3,097 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 197 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,000 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,818 | ||||
Gross Amount Carried - Land and Improvements | 3,523 | ||||
Gross Amount Carried - Building and Improvements | 4,097 | ||||
Gross Amount Carried - FF&E | 1,876 | ||||
Total | 9,496 | ||||
Accumulated Depreciation | $ (2,901) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Orlando Convention Center Sports Complex [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,767 | ||||
Initial Cost - Building and Improvements | 1,466 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 111 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 860 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,074 | ||||
Gross Amount Carried - Land and Improvements | 2,878 | ||||
Gross Amount Carried - Building and Improvements | 2,326 | ||||
Gross Amount Carried - FF&E | 1,117 | ||||
Total | 6,321 | ||||
Accumulated Depreciation | $ (1,746) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Orlando Lake Buena Vista [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,137 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 30 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 191 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 999 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,736 | ||||
Gross Amount Carried - Land and Improvements | 4,328 | ||||
Gross Amount Carried - Building and Improvements | 999 | ||||
Gross Amount Carried - FF&E | 1,766 | ||||
Total | 7,093 | ||||
Accumulated Depreciation | $ (2,109) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Orlando Maitland One Seven Seven Six Pembrook Dr [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,103 | ||||
Initial Cost - Building and Improvements | 807 | ||||
Initial Cost - FF&E | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 524 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 994 | ||||
Gross Amount Carried - Land and Improvements | 2,160 | ||||
Gross Amount Carried - Building and Improvements | 1,331 | ||||
Gross Amount Carried - FF&E | 1,068 | ||||
Total | 4,559 | ||||
Accumulated Depreciation | $ (1,000) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 45 years | ||||
Orlando Maitland Summit Tower Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,577 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 122 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 946 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,546 | ||||
Gross Amount Carried - Land and Improvements | 3,699 | ||||
Gross Amount Carried - Building and Improvements | 946 | ||||
Gross Amount Carried - FF&E | 1,611 | ||||
Total | 6,256 | ||||
Accumulated Depreciation | $ (1,194) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Orlando Maitland One Seven Six Zero Pembrook Dr [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,133 | ||||
Initial Cost - Building and Improvements | 1,347 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 464 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 911 | ||||
Gross Amount Carried - Land and Improvements | 2,168 | ||||
Gross Amount Carried - Building and Improvements | 1,811 | ||||
Gross Amount Carried - FF&E | 952 | ||||
Total | 4,931 | ||||
Accumulated Depreciation | $ (1,170) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Orlando Southpark Commodity Circle [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,483 | ||||
Initial Cost - Building and Improvements | 2,051 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 120 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 992 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,564 | ||||
Gross Amount Carried - Land and Improvements | 3,603 | ||||
Gross Amount Carried - Building and Improvements | 3,043 | ||||
Gross Amount Carried - FF&E | 1,628 | ||||
Total | 8,274 | ||||
Accumulated Depreciation | $ (1,974) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Orlando Southpark Equity Row [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,854 | ||||
Initial Cost - Building and Improvements | 432 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 816 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,438 | ||||
Gross Amount Carried - Land and Improvements | 2,945 | ||||
Gross Amount Carried - Building and Improvements | 1,248 | ||||
Gross Amount Carried - FF&E | 1,487 | ||||
Total | 5,680 | ||||
Accumulated Depreciation | $ (1,261) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Orlando Orlando Theme Parks Vineland Rd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,813 | ||||
Initial Cost - Building and Improvements | 2,874 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 128 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 623 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,194 | ||||
Gross Amount Carried - Land and Improvements | 2,941 | ||||
Gross Amount Carried - Building and Improvements | 3,497 | ||||
Gross Amount Carried - FF&E | 1,260 | ||||
Total | 7,698 | ||||
Accumulated Depreciation | $ (1,999) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 42 years | ||||
Orlando Orlando Theme Parks Major Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,349 | ||||
Initial Cost - Building and Improvements | 3,190 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 150 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 780 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,188 | ||||
Gross Amount Carried - Land and Improvements | 3,499 | ||||
Gross Amount Carried - Building and Improvements | 3,970 | ||||
Gross Amount Carried - FF&E | 1,240 | ||||
Total | 8,709 | ||||
Accumulated Depreciation | $ (2,131) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Pensacola University Mall [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 934 | ||||
Initial Cost - Building and Improvements | 4,059 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 567 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,029 | ||||
Gross Amount Carried - Land and Improvements | 1,004 | ||||
Gross Amount Carried - Building and Improvements | 4,626 | ||||
Gross Amount Carried - FF&E | 1,067 | ||||
Total | 6,697 | ||||
Accumulated Depreciation | $ (1,825) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Fort Lauderdale Cypress Creek Park North [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,567 | ||||
Initial Cost - Building and Improvements | 2,828 | ||||
Initial Cost - FF&E | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 147 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,037 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,721 | ||||
Gross Amount Carried - Land and Improvements | 3,714 | ||||
Gross Amount Carried - Building and Improvements | 4,865 | ||||
Gross Amount Carried - FF&E | 1,786 | ||||
Total | 10,365 | ||||
Accumulated Depreciation | $ (2,988) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Tallahassee Killearn [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 356 | ||||
Initial Cost - Building and Improvements | 1,769 | ||||
Initial Cost - FF&E | 29 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,066 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 832 | ||||
Gross Amount Carried - Land and Improvements | 443 | ||||
Gross Amount Carried - Building and Improvements | 2,835 | ||||
Gross Amount Carried - FF&E | 861 | ||||
Total | 4,139 | ||||
Accumulated Depreciation | $ (1,311) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 28 years | ||||
Fort Lauderdale Tamarac [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,709 | ||||
Initial Cost - Building and Improvements | 3,054 | ||||
Initial Cost - FF&E | 712 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 128 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,656 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 971 | ||||
Gross Amount Carried - Land and Improvements | 3,837 | ||||
Gross Amount Carried - Building and Improvements | 4,710 | ||||
Gross Amount Carried - FF&E | 1,683 | ||||
Total | 10,230 | ||||
Accumulated Depreciation | $ (2,818) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 21 years | ||||
Tampa Airport Memorial Hwy [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,513 | ||||
Initial Cost - Building and Improvements | 1,342 | ||||
Initial Cost - FF&E | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 626 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,190 | ||||
Gross Amount Carried - Land and Improvements | 2,650 | ||||
Gross Amount Carried - Building and Improvements | 1,968 | ||||
Gross Amount Carried - FF&E | 1,259 | ||||
Total | 5,877 | ||||
Accumulated Depreciation | $ (1,650) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 42 years | ||||
Tampa Airport - N Westshore Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,564 | ||||
Initial Cost - Building and Improvements | 3,918 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,352 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,686 | ||||
Gross Amount Carried - Land and Improvements | 2,679 | ||||
Gross Amount Carried - Building and Improvements | 5,270 | ||||
Gross Amount Carried - FF&E | 1,750 | ||||
Total | 9,699 | ||||
Accumulated Depreciation | $ (2,687) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Tampa Airport Spruce Street [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,437 | ||||
Initial Cost - Building and Improvements | 3,066 | ||||
Initial Cost - FF&E | 102 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 537 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 950 | ||||
Gross Amount Carried - Land and Improvements | 2,496 | ||||
Gross Amount Carried - Building and Improvements | 3,603 | ||||
Gross Amount Carried - FF&E | 1,052 | ||||
Total | 7,151 | ||||
Accumulated Depreciation | $ (1,684) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Tampa North USF Attractions [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,028 | ||||
Initial Cost - Building and Improvements | 845 | ||||
Initial Cost - FF&E | 37 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 657 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,093 | ||||
Gross Amount Carried - Land and Improvements | 2,141 | ||||
Gross Amount Carried - Building and Improvements | 1,502 | ||||
Gross Amount Carried - FF&E | 1,130 | ||||
Total | 4,773 | ||||
Accumulated Depreciation | $ (1,278) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Tampa North Airport [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,294 | ||||
Initial Cost - Building and Improvements | 2,236 | ||||
Initial Cost - FF&E | 490 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 140 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 957 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 919 | ||||
Gross Amount Carried - Land and Improvements | 1,434 | ||||
Gross Amount Carried - Building and Improvements | 3,193 | ||||
Gross Amount Carried - FF&E | 1,409 | ||||
Total | 6,036 | ||||
Accumulated Depreciation | $ (2,166) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 20 years | ||||
West Palm Beach Northpoint Corporate Park [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,723 | ||||
Initial Cost - Building and Improvements | 3,326 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 497 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 998 | ||||
Gross Amount Carried - Land and Improvements | 2,800 | ||||
Gross Amount Carried - Building and Improvements | 3,823 | ||||
Gross Amount Carried - FF&E | 1,047 | ||||
Total | 7,670 | ||||
Accumulated Depreciation | $ (1,582) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Atlanta Alpharetta Northpoint East [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 717 | ||||
Initial Cost - Building and Improvements | 591 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 125 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 813 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,263 | ||||
Gross Amount Carried - Land and Improvements | 842 | ||||
Gross Amount Carried - Building and Improvements | 1,404 | ||||
Gross Amount Carried - FF&E | 1,305 | ||||
Total | 3,551 | ||||
Accumulated Depreciation | $ (1,172) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Atlanta Alpharetta Northpoint West [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,218 | ||||
Initial Cost - Building and Improvements | 1,673 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 643 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,185 | ||||
Gross Amount Carried - Land and Improvements | 1,323 | ||||
Gross Amount Carried - Building and Improvements | 2,316 | ||||
Gross Amount Carried - FF&E | 1,243 | ||||
Total | 4,882 | ||||
Accumulated Depreciation | $ (1,422) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 42 years | ||||
Atlanta Alpharetta Rock Mill Rd [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,391 | ||||
Initial Cost - Building and Improvements | 1,101 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 487 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 799 | ||||
Gross Amount Carried - Land and Improvements | 1,442 | ||||
Gross Amount Carried - Building and Improvements | 1,588 | ||||
Gross Amount Carried - FF&E | 839 | ||||
Total | 3,869 | ||||
Accumulated Depreciation | $ (1,189) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Atlanta Clairmont [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,142 | ||||
Initial Cost - Building and Improvements | 3,284 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 613 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 953 | ||||
Gross Amount Carried - Land and Improvements | 1,231 | ||||
Gross Amount Carried - Building and Improvements | 3,897 | ||||
Gross Amount Carried - FF&E | 993 | ||||
Total | 6,121 | ||||
Accumulated Depreciation | $ (1,769) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Atlanta Buckhead [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,183 | ||||
Initial Cost - Building and Improvements | 4,086 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 799 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,232 | ||||
Gross Amount Carried - Land and Improvements | 1,279 | ||||
Gross Amount Carried - Building and Improvements | 4,885 | ||||
Gross Amount Carried - FF&E | 1,274 | ||||
Total | 7,438 | ||||
Accumulated Depreciation | $ (2,018) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Atlanta Marietta Interstate N Pkwy [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,766 | ||||
Initial Cost - Building and Improvements | 3,023 | ||||
Initial Cost - FF&E | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,004 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,208 | ||||
Gross Amount Carried - Land and Improvements | 1,844 | ||||
Gross Amount Carried - Building and Improvements | 4,027 | ||||
Gross Amount Carried - FF&E | 1,280 | ||||
Total | 7,151 | ||||
Accumulated Depreciation | $ (1,603) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 41 years | ||||
Atlanta Marietta Wildwood [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 852 | ||||
Initial Cost - Building and Improvements | 2,881 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 743 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,037 | ||||
Gross Amount Carried - Land and Improvements | 938 | ||||
Gross Amount Carried - Building and Improvements | 3,624 | ||||
Gross Amount Carried - FF&E | 1,077 | ||||
Total | 5,639 | ||||
Accumulated Depreciation | $ (1,753) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Atlanta Perimeter [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,921 | ||||
Initial Cost - Building and Improvements | 3,398 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 210 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 789 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,228 | ||||
Gross Amount Carried - Land and Improvements | 2,131 | ||||
Gross Amount Carried - Building and Improvements | 4,187 | ||||
Gross Amount Carried - FF&E | 1,273 | ||||
Total | 7,591 | ||||
Accumulated Depreciation | $ (2,100) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Atlanta Perimeter Crestline [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,562 | ||||
Initial Cost - Building and Improvements | 1,581 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 486 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,040 | ||||
Gross Amount Carried - Land and Improvements | 1,645 | ||||
Gross Amount Carried - Building and Improvements | 2,067 | ||||
Gross Amount Carried - FF&E | 1,086 | ||||
Total | 4,798 | ||||
Accumulated Depreciation | $ (1,360) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Atlanta Perimeter Peachtree Dunwoody [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,203 | ||||
Initial Cost - Building and Improvements | 2,928 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 135 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 734 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,103 | ||||
Gross Amount Carried - Land and Improvements | 1,338 | ||||
Gross Amount Carried - Building and Improvements | 3,662 | ||||
Gross Amount Carried - FF&E | 1,147 | ||||
Total | 6,147 | ||||
Accumulated Depreciation | $ (1,724) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Atlanta Vinings [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,924 | ||||
Initial Cost - Building and Improvements | 5,785 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 757 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,220 | ||||
Gross Amount Carried - Land and Improvements | 2,011 | ||||
Gross Amount Carried - Building and Improvements | 6,542 | ||||
Gross Amount Carried - FF&E | 1,277 | ||||
Total | 9,830 | ||||
Accumulated Depreciation | $ (2,254) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 40 years | ||||
Atlanta Duluth [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,177 | ||||
Initial Cost - Building and Improvements | 1,252 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 544 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 711 | ||||
Gross Amount Carried - Land and Improvements | 1,251 | ||||
Gross Amount Carried - Building and Improvements | 1,796 | ||||
Gross Amount Carried - FF&E | 772 | ||||
Total | 3,819 | ||||
Accumulated Depreciation | $ (831) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 49 years | ||||
Atlanta Gwinnett Place [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,269 | ||||
Initial Cost - Building and Improvements | 3,234 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 375 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,110 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,282 | ||||
Gross Amount Carried - Land and Improvements | 1,644 | ||||
Gross Amount Carried - Building and Improvements | 4,344 | ||||
Gross Amount Carried - FF&E | 1,330 | ||||
Total | 7,318 | ||||
Accumulated Depreciation | $ (1,860) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Depreciable Lives | 30 years | ||||
Atlanta Kennesaw Chastain Rd [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,092 | ||||
Initial Cost - Building and Improvements | 1,560 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 594 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,185 | ||||
Gross Amount Carried - Land and Improvements | 1,197 | ||||
Gross Amount Carried - Building and Improvements | 2,154 | ||||
Gross Amount Carried - FF&E | 1,223 | ||||
Total | 4,574 | ||||
Accumulated Depreciation | $ (1,324) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Atlanta Kennesaw Town Center [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,122 | ||||
Initial Cost - Building and Improvements | 2,213 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 621 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 959 | ||||
Gross Amount Carried - Land and Improvements | 1,197 | ||||
Gross Amount Carried - Building and Improvements | 2,834 | ||||
Gross Amount Carried - FF&E | 997 | ||||
Total | 5,028 | ||||
Accumulated Depreciation | $ (1,274) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Atlanta Marietta Powers Ferry Rd [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,718 | ||||
Initial Cost - Building and Improvements | 1,891 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 881 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,344 | ||||
Gross Amount Carried - Land and Improvements | 2,770 | ||||
Gross Amount Carried - Building and Improvements | 2,772 | ||||
Gross Amount Carried - FF&E | 1,402 | ||||
Total | 6,944 | ||||
Accumulated Depreciation | $ (1,591) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Atlanta Marietta Windy Hill [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,645 | ||||
Initial Cost - Building and Improvements | 2,192 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (104) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 838 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,053 | ||||
Gross Amount Carried - Land and Improvements | 1,541 | ||||
Gross Amount Carried - Building and Improvements | 3,030 | ||||
Gross Amount Carried - FF&E | 1,094 | ||||
Total | 5,665 | ||||
Accumulated Depreciation | $ (1,331) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Atlanta Morrow [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,713 | ||||
Initial Cost - Building and Improvements | 2,276 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 599 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 978 | ||||
Gross Amount Carried - Land and Improvements | 1,806 | ||||
Gross Amount Carried - Building and Improvements | 2,875 | ||||
Gross Amount Carried - FF&E | 1,019 | ||||
Total | 5,700 | ||||
Accumulated Depreciation | $ (1,253) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Atlanta Peachtree Corners [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,256 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 19 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 616 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,035 | ||||
Gross Amount Carried - Land and Improvements | 1,356 | ||||
Gross Amount Carried - Building and Improvements | 616 | ||||
Gross Amount Carried - FF&E | 1,054 | ||||
Total | 3,026 | ||||
Accumulated Depreciation | $ (727) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Savannah Midtown [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 564 | ||||
Initial Cost - Building and Improvements | 5,079 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 482 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,006 | ||||
Gross Amount Carried - Land and Improvements | 630 | ||||
Gross Amount Carried - Building and Improvements | 5,561 | ||||
Gross Amount Carried - FF&E | 1,072 | ||||
Total | 7,263 | ||||
Accumulated Depreciation | $ (2,246) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Atlanta Cumberland Mall [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,631 | ||||
Initial Cost - Building and Improvements | 2,038 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 953 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,092 | ||||
Gross Amount Carried - Land and Improvements | 1,716 | ||||
Gross Amount Carried - Building and Improvements | 2,991 | ||||
Gross Amount Carried - FF&E | 1,137 | ||||
Total | 5,844 | ||||
Accumulated Depreciation | $ (1,550) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Des Moines Urbandale [Member] | IOWA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,119 | ||||
Initial Cost - Building and Improvements | 2,684 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 631 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 851 | ||||
Gross Amount Carried - Land and Improvements | 1,238 | ||||
Gross Amount Carried - Building and Improvements | 3,315 | ||||
Gross Amount Carried - FF&E | 892 | ||||
Total | 5,445 | ||||
Accumulated Depreciation | $ (1,481) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Des Moines West Des Moines [Member] | IOWA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,089 | ||||
Initial Cost - Building and Improvements | 2,742 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 830 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,130 | ||||
Gross Amount Carried - Land and Improvements | 1,210 | ||||
Gross Amount Carried - Building and Improvements | 3,572 | ||||
Gross Amount Carried - FF&E | 1,169 | ||||
Total | 5,951 | ||||
Accumulated Depreciation | $ (2,099) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Boise Airport [Member] | IDAHO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 862 | ||||
Initial Cost - Building and Improvements | 1,647 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 784 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,125 | ||||
Gross Amount Carried - Land and Improvements | 943 | ||||
Gross Amount Carried - Building and Improvements | 2,431 | ||||
Gross Amount Carried - FF&E | 1,164 | ||||
Total | 4,538 | ||||
Accumulated Depreciation | $ (1,254) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Chicago Midway [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,028 | ||||
Initial Cost - Building and Improvements | 2,261 | ||||
Initial Cost - FF&E | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 689 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,048 | ||||
Gross Amount Carried - Land and Improvements | 2,133 | ||||
Gross Amount Carried - Building and Improvements | 2,950 | ||||
Gross Amount Carried - FF&E | 1,178 | ||||
Total | 6,261 | ||||
Accumulated Depreciation | $ (1,976) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Bloomington Normal [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 941 | ||||
Initial Cost - Building and Improvements | 3,404 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 544 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 910 | ||||
Gross Amount Carried - Land and Improvements | 1,005 | ||||
Gross Amount Carried - Building and Improvements | 3,948 | ||||
Gross Amount Carried - FF&E | 971 | ||||
Total | 5,924 | ||||
Accumulated Depreciation | $ (1,542) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Chicago Buffalo Grove Deerfield [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,264 | ||||
Initial Cost - Building and Improvements | 4,986 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 909 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,062 | ||||
Gross Amount Carried - Land and Improvements | 2,341 | ||||
Gross Amount Carried - Building and Improvements | 5,895 | ||||
Gross Amount Carried - FF&E | 1,106 | ||||
Total | 9,342 | ||||
Accumulated Depreciation | $ (2,409) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Chicago Burr Ridge [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,033 | ||||
Initial Cost - Building and Improvements | 4,406 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 125 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,019 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,054 | ||||
Gross Amount Carried - Land and Improvements | 2,158 | ||||
Gross Amount Carried - Building and Improvements | 5,425 | ||||
Gross Amount Carried - FF&E | 1,097 | ||||
Total | 8,680 | ||||
Accumulated Depreciation | $ (2,330) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Champaign Urbana [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,221 | ||||
Initial Cost - Building and Improvements | 4,043 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 507 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 768 | ||||
Gross Amount Carried - Land and Improvements | 1,310 | ||||
Gross Amount Carried - Building and Improvements | 4,550 | ||||
Gross Amount Carried - FF&E | 803 | ||||
Total | 6,663 | ||||
Accumulated Depreciation | $ (1,520) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Chicago Darien [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,754 | ||||
Initial Cost - Building and Improvements | 4,286 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 660 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 869 | ||||
Gross Amount Carried - Land and Improvements | 1,883 | ||||
Gross Amount Carried - Building and Improvements | 4,946 | ||||
Gross Amount Carried - FF&E | 911 | ||||
Total | 7,740 | ||||
Accumulated Depreciation | $ (2,056) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Chicago O'Hare [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,946 | ||||
Initial Cost - Building and Improvements | 3,737 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 143 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 993 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,123 | ||||
Gross Amount Carried - Land and Improvements | 2,089 | ||||
Gross Amount Carried - Building and Improvements | 4,730 | ||||
Gross Amount Carried - FF&E | 1,167 | ||||
Total | 7,986 | ||||
Accumulated Depreciation | $ (2,174) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Chicago O'Hare Allstate Arena [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,122 | ||||
Initial Cost - Building and Improvements | 1,434 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 771 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,066 | ||||
Gross Amount Carried - Land and Improvements | 2,219 | ||||
Gross Amount Carried - Building and Improvements | 2,205 | ||||
Gross Amount Carried - FF&E | 1,137 | ||||
Total | 5,561 | ||||
Accumulated Depreciation | $ (1,336) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Chicago Downers Grove [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,592 | ||||
Initial Cost - Building and Improvements | 3,321 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 150 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,628 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,581 | ||||
Gross Amount Carried - Land and Improvements | 2,742 | ||||
Gross Amount Carried - Building and Improvements | 4,949 | ||||
Gross Amount Carried - FF&E | 1,634 | ||||
Total | 9,325 | ||||
Accumulated Depreciation | $ (2,781) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Chicago Elmhurst O'Hare [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,728 | ||||
Initial Cost - Building and Improvements | 2,769 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 531 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,000 | ||||
Gross Amount Carried - Land and Improvements | 1,840 | ||||
Gross Amount Carried - Building and Improvements | 3,300 | ||||
Gross Amount Carried - FF&E | 1,042 | ||||
Total | 6,182 | ||||
Accumulated Depreciation | $ (1,792) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Chicago Gurnee [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,557 | ||||
Initial Cost - Building and Improvements | 2,759 | ||||
Initial Cost - FF&E | 37 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 161 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 810 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 977 | ||||
Gross Amount Carried - Land and Improvements | 1,718 | ||||
Gross Amount Carried - Building and Improvements | 3,569 | ||||
Gross Amount Carried - FF&E | 1,014 | ||||
Total | 6,301 | ||||
Accumulated Depreciation | $ (1,622) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Chicago Hanover Park [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,217 | ||||
Initial Cost - Building and Improvements | 1,081 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 728 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 778 | ||||
Gross Amount Carried - Land and Improvements | 4,267 | ||||
Gross Amount Carried - Building and Improvements | 1,809 | ||||
Gross Amount Carried - FF&E | 816 | ||||
Total | 6,892 | ||||
Accumulated Depreciation | $ (1,294) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Chicago Hillside [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,661 | ||||
Initial Cost - Building and Improvements | 1,134 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 801 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,116 | ||||
Gross Amount Carried - Land and Improvements | 1,762 | ||||
Gross Amount Carried - Building and Improvements | 1,935 | ||||
Gross Amount Carried - FF&E | 1,165 | ||||
Total | 4,862 | ||||
Accumulated Depreciation | $ (1,662) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Chicago Itasca [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,419 | ||||
Initial Cost - Building and Improvements | 2,764 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 801 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,111 | ||||
Gross Amount Carried - Land and Improvements | 1,538 | ||||
Gross Amount Carried - Building and Improvements | 3,565 | ||||
Gross Amount Carried - FF&E | 1,157 | ||||
Total | 6,260 | ||||
Accumulated Depreciation | $ (1,632) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Chicago Lansing [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,778 | ||||
Initial Cost - Building and Improvements | 2,399 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 173 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 678 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,049 | ||||
Gross Amount Carried - Land and Improvements | 1,951 | ||||
Gross Amount Carried - Building and Improvements | 3,077 | ||||
Gross Amount Carried - FF&E | 1,093 | ||||
Total | 6,121 | ||||
Accumulated Depreciation | $ (1,894) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Chicago Lisle [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,908 | ||||
Initial Cost - Building and Improvements | 2,176 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 501 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 812 | ||||
Gross Amount Carried - Land and Improvements | 2,004 | ||||
Gross Amount Carried - Building and Improvements | 2,677 | ||||
Gross Amount Carried - FF&E | 854 | ||||
Total | 5,535 | ||||
Accumulated Depreciation | $ (1,530) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Chicago Lombard Oakbrook [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,692 | ||||
Initial Cost - Building and Improvements | 1,060 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,014 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,344 | ||||
Gross Amount Carried - Land and Improvements | 3,834 | ||||
Gross Amount Carried - Building and Improvements | 2,074 | ||||
Gross Amount Carried - FF&E | 1,403 | ||||
Total | 7,311 | ||||
Accumulated Depreciation | $ (1,863) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Chicago Lombard Yorktown Center [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,029 | ||||
Initial Cost - Building and Improvements | 3,367 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 660 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,100 | ||||
Gross Amount Carried - Land and Improvements | 2,139 | ||||
Gross Amount Carried - Building and Improvements | 4,027 | ||||
Gross Amount Carried - FF&E | 1,158 | ||||
Total | 7,324 | ||||
Accumulated Depreciation | $ (1,670) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Chicago Naperville East [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,686 | ||||
Initial Cost - Building and Improvements | 4,231 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 169 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,179 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,218 | ||||
Gross Amount Carried - Land and Improvements | 1,855 | ||||
Gross Amount Carried - Building and Improvements | 5,410 | ||||
Gross Amount Carried - FF&E | 1,266 | ||||
Total | 8,531 | ||||
Accumulated Depreciation | $ (2,656) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Chicago Naperville West [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,084 | ||||
Initial Cost - Building and Improvements | 2,386 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 146 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 881 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,060 | ||||
Gross Amount Carried - Land and Improvements | 3,230 | ||||
Gross Amount Carried - Building and Improvements | 3,267 | ||||
Gross Amount Carried - FF&E | 1,104 | ||||
Total | 7,601 | ||||
Accumulated Depreciation | $ (1,902) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
St Louis O'Fallon IL [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,099 | ||||
Initial Cost - Building and Improvements | 2,897 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 690 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 735 | ||||
Gross Amount Carried - Land and Improvements | 1,155 | ||||
Gross Amount Carried - Building and Improvements | 3,587 | ||||
Gross Amount Carried - FF&E | 769 | ||||
Total | 5,511 | ||||
Accumulated Depreciation | $ (1,286) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Peoria North [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,063 | ||||
Initial Cost - Building and Improvements | 3,528 | ||||
Initial Cost - FF&E | 63 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 368 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 764 | ||||
Gross Amount Carried - Land and Improvements | 1,121 | ||||
Gross Amount Carried - Building and Improvements | 3,896 | ||||
Gross Amount Carried - FF&E | 827 | ||||
Total | 5,844 | ||||
Accumulated Depreciation | $ (1,687) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Rockford Interstate 90 [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,046 | ||||
Initial Cost - Building and Improvements | 1,989 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 596 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 972 | ||||
Gross Amount Carried - Land and Improvements | 1,137 | ||||
Gross Amount Carried - Building and Improvements | 2,585 | ||||
Gross Amount Carried - FF&E | 1,010 | ||||
Total | 4,732 | ||||
Accumulated Depreciation | $ (1,206) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 47 years | ||||
Rockford State Street [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 971 | ||||
Initial Cost - Building and Improvements | 293 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 162 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 560 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 941 | ||||
Gross Amount Carried - Land and Improvements | 1,133 | ||||
Gross Amount Carried - Building and Improvements | 853 | ||||
Gross Amount Carried - FF&E | 975 | ||||
Total | 2,961 | ||||
Accumulated Depreciation | $ (1,355) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Chicago Rolling Meadows [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,643 | ||||
Initial Cost - Building and Improvements | 640 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 780 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,153 | ||||
Gross Amount Carried - Land and Improvements | 1,699 | ||||
Gross Amount Carried - Building and Improvements | 1,420 | ||||
Gross Amount Carried - FF&E | 1,197 | ||||
Total | 4,316 | ||||
Accumulated Depreciation | $ (1,146) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Chicago Romeoville Bollingbrook [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,741 | ||||
Initial Cost - Building and Improvements | 3,612 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 636 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 909 | ||||
Gross Amount Carried - Land and Improvements | 1,846 | ||||
Gross Amount Carried - Building and Improvements | 4,248 | ||||
Gross Amount Carried - FF&E | 947 | ||||
Total | 7,041 | ||||
Accumulated Depreciation | $ (1,893) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Chicago Skokie [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,305 | ||||
Initial Cost - Building and Improvements | 8,355 | ||||
Initial Cost - FF&E | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 914 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,338 | ||||
Gross Amount Carried - Land and Improvements | 2,417 | ||||
Gross Amount Carried - Building and Improvements | 9,269 | ||||
Gross Amount Carried - FF&E | 1,403 | ||||
Total | 13,089 | ||||
Accumulated Depreciation | $ (3,316) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Chicago Vernon Hills Lake Forest [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,471 | ||||
Initial Cost - Building and Improvements | 4,030 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 487 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 945 | ||||
Gross Amount Carried - Land and Improvements | 2,526 | ||||
Gross Amount Carried - Building and Improvements | 4,517 | ||||
Gross Amount Carried - FF&E | 1,005 | ||||
Total | 8,048 | ||||
Accumulated Depreciation | $ (1,918) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Chicago Vernon Hills Lincolnshire [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,467 | ||||
Initial Cost - Building and Improvements | 1,053 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 826 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,190 | ||||
Gross Amount Carried - Land and Improvements | 2,564 | ||||
Gross Amount Carried - Building and Improvements | 1,879 | ||||
Gross Amount Carried - FF&E | 1,256 | ||||
Total | 5,699 | ||||
Accumulated Depreciation | $ (1,712) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Chicago Westmont Oak Brook [Member] | ILLINOIS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,510 | ||||
Initial Cost - Building and Improvements | 587 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,130 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,327 | ||||
Gross Amount Carried - Land and Improvements | 3,658 | ||||
Gross Amount Carried - Building and Improvements | 1,717 | ||||
Gross Amount Carried - FF&E | 1,379 | ||||
Total | 6,754 | ||||
Accumulated Depreciation | $ (1,875) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Evansville East [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 387 | ||||
Initial Cost - Building and Improvements | 2,295 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 458 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 940 | ||||
Gross Amount Carried - Land and Improvements | 508 | ||||
Gross Amount Carried - Building and Improvements | 2,753 | ||||
Gross Amount Carried - FF&E | 974 | ||||
Total | 4,235 | ||||
Accumulated Depreciation | $ (1,486) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Indianapolis Castleton [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 558 | ||||
Initial Cost - Building and Improvements | 2,108 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 631 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 937 | ||||
Gross Amount Carried - Land and Improvements | 654 | ||||
Gross Amount Carried - Building and Improvements | 2,739 | ||||
Gross Amount Carried - FF&E | 977 | ||||
Total | 4,370 | ||||
Accumulated Depreciation | $ (1,320) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Indianapolis North Carmel [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 812 | ||||
Initial Cost - Building and Improvements | 851 | ||||
Initial Cost - FF&E | 29 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 120 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 460 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 814 | ||||
Gross Amount Carried - Land and Improvements | 932 | ||||
Gross Amount Carried - Building and Improvements | 1,311 | ||||
Gross Amount Carried - FF&E | 843 | ||||
Total | 3,086 | ||||
Accumulated Depreciation | $ (789) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Depreciable Lives | 30 years | ||||
Indianapolis West Eighty Sixth St [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 581 | ||||
Initial Cost - Building and Improvements | 2,330 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 208 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 930 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,079 | ||||
Gross Amount Carried - Land and Improvements | 789 | ||||
Gross Amount Carried - Building and Improvements | 3,260 | ||||
Gross Amount Carried - FF&E | 1,119 | ||||
Total | 5,168 | ||||
Accumulated Depreciation | $ (1,498) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Merrillville US Rte Three Zero [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 693 | ||||
Initial Cost - Building and Improvements | 3,923 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 145 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 712 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 947 | ||||
Gross Amount Carried - Land and Improvements | 838 | ||||
Gross Amount Carried - Building and Improvements | 4,635 | ||||
Gross Amount Carried - FF&E | 986 | ||||
Total | 6,459 | ||||
Accumulated Depreciation | $ (2,103) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
South Bend Mishawaka North [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 497 | ||||
Initial Cost - Building and Improvements | 1,929 | ||||
Initial Cost - FF&E | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 102 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 679 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 974 | ||||
Gross Amount Carried - Land and Improvements | 599 | ||||
Gross Amount Carried - Building and Improvements | 2,608 | ||||
Gross Amount Carried - FF&E | 1,036 | ||||
Total | 4,243 | ||||
Accumulated Depreciation | $ (1,330) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
South Bend Mishawaka South [Member] | INDIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 457 | ||||
Initial Cost - Building and Improvements | 1,146 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 453 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 983 | ||||
Gross Amount Carried - Land and Improvements | 553 | ||||
Gross Amount Carried - Building and Improvements | 1,599 | ||||
Gross Amount Carried - FF&E | 1,017 | ||||
Total | 3,169 | ||||
Accumulated Depreciation | $ (1,122) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Cincinnati Covington [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 880 | ||||
Initial Cost - Building and Improvements | 5,352 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 703 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,090 | ||||
Gross Amount Carried - Land and Improvements | 940 | ||||
Gross Amount Carried - Building and Improvements | 6,055 | ||||
Gross Amount Carried - FF&E | 1,128 | ||||
Total | 8,123 | ||||
Accumulated Depreciation | $ (2,104) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Cincinnati Florence Meijer Dr [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 549 | ||||
Initial Cost - Building and Improvements | 1,850 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 484 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,104 | ||||
Gross Amount Carried - Land and Improvements | 700 | ||||
Gross Amount Carried - Building and Improvements | 2,334 | ||||
Gross Amount Carried - FF&E | 1,137 | ||||
Total | 4,171 | ||||
Accumulated Depreciation | $ (1,377) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Cincinnati Florence Turfway Rd [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 827 | ||||
Initial Cost - Building and Improvements | 2,575 | ||||
Initial Cost - FF&E | 37 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 620 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 909 | ||||
Gross Amount Carried - Land and Improvements | 936 | ||||
Gross Amount Carried - Building and Improvements | 3,195 | ||||
Gross Amount Carried - FF&E | 946 | ||||
Total | 5,077 | ||||
Accumulated Depreciation | $ (1,343) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Louisville Alliant Avenue [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 812 | ||||
Initial Cost - Building and Improvements | 2,628 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 638 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,044 | ||||
Gross Amount Carried - Land and Improvements | 900 | ||||
Gross Amount Carried - Building and Improvements | 3,266 | ||||
Gross Amount Carried - FF&E | 1,092 | ||||
Total | 5,258 | ||||
Accumulated Depreciation | $ (1,594) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Louisville Dutchman [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 662 | ||||
Initial Cost - Building and Improvements | 2,540 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 724 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 943 | ||||
Gross Amount Carried - Land and Improvements | 708 | ||||
Gross Amount Carried - Building and Improvements | 3,264 | ||||
Gross Amount Carried - FF&E | 988 | ||||
Total | 4,960 | ||||
Accumulated Depreciation | $ (1,417) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Louisville Hurstbourne [Member] | KENTUCKY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 656 | ||||
Initial Cost - Building and Improvements | 439 | ||||
Initial Cost - FF&E | 30 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 326 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 634 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 878 | ||||
Gross Amount Carried - Land and Improvements | 982 | ||||
Gross Amount Carried - Building and Improvements | 1,073 | ||||
Gross Amount Carried - FF&E | 908 | ||||
Total | 2,963 | ||||
Accumulated Depreciation | $ (1,131) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,988 | ||||
Depreciable Lives | 28 years | ||||
Baton Rouge Citiplace [Member] | LOUISIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,029 | ||||
Initial Cost - Building and Improvements | 5,875 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 902 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,019 | ||||
Gross Amount Carried - Land and Improvements | 1,104 | ||||
Gross Amount Carried - Building and Improvements | 6,777 | ||||
Gross Amount Carried - FF&E | 1,085 | ||||
Total | 8,966 | ||||
Accumulated Depreciation | $ (2,314) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
New Orleans Kenner [Member] | LOUISIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,028 | ||||
Initial Cost - Building and Improvements | 6,843 | ||||
Initial Cost - FF&E | 79 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 120 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,046 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,025 | ||||
Gross Amount Carried - Land and Improvements | 1,148 | ||||
Gross Amount Carried - Building and Improvements | 7,889 | ||||
Gross Amount Carried - FF&E | 1,104 | ||||
Total | 10,141 | ||||
Accumulated Depreciation | $ (2,423) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Lafayette Airport [Member] | LOUISIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 436 | ||||
Initial Cost - Building and Improvements | 2,212 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 824 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 957 | ||||
Gross Amount Carried - Land and Improvements | 504 | ||||
Gross Amount Carried - Building and Improvements | 3,036 | ||||
Gross Amount Carried - FF&E | 995 | ||||
Total | 4,535 | ||||
Accumulated Depreciation | $ (1,510) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
New Orleans Metairie [Member] | LOUISIANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 559 | ||||
Initial Cost - Building and Improvements | 5,559 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 587 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047 | ||||
Gross Amount Carried - Land and Improvements | 613 | ||||
Gross Amount Carried - Building and Improvements | 6,146 | ||||
Gross Amount Carried - FF&E | 1,088 | ||||
Total | 7,847 | ||||
Accumulated Depreciation | $ (2,278) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Boston Braintree [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,599 | ||||
Initial Cost - Building and Improvements | 9,110 | ||||
Initial Cost - FF&E | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 703 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 966 | ||||
Gross Amount Carried - Land and Improvements | 2,672 | ||||
Gross Amount Carried - Building and Improvements | 9,813 | ||||
Gross Amount Carried - FF&E | 1,056 | ||||
Total | 13,541 | ||||
Accumulated Depreciation | $ (3,083) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Boston Burlington [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,533 | ||||
Initial Cost - Building and Improvements | 6,944 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 81 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,159 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,536 | ||||
Gross Amount Carried - Land and Improvements | 2,614 | ||||
Gross Amount Carried - Building and Improvements | 8,103 | ||||
Gross Amount Carried - FF&E | 1,594 | ||||
Total | 12,311 | ||||
Accumulated Depreciation | $ (3,445) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Boston Marlborough [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,137 | ||||
Initial Cost - Building and Improvements | 3,464 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,008 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,370 | ||||
Gross Amount Carried - Land and Improvements | 2,275 | ||||
Gross Amount Carried - Building and Improvements | 4,472 | ||||
Gross Amount Carried - FF&E | 1,418 | ||||
Total | 8,165 | ||||
Accumulated Depreciation | $ (2,469) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Foxboro Norton [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,153 | ||||
Initial Cost - Building and Improvements | 4,729 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 605 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 838 | ||||
Gross Amount Carried - Land and Improvements | 2,197 | ||||
Gross Amount Carried - Building and Improvements | 5,334 | ||||
Gross Amount Carried - FF&E | 936 | ||||
Total | 8,467 | ||||
Accumulated Depreciation | $ (1,994) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Boston Peabody [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,649 | ||||
Initial Cost - Building and Improvements | 5,178 | ||||
Initial Cost - FF&E | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,212 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,336 | ||||
Gross Amount Carried - Land and Improvements | 1,748 | ||||
Gross Amount Carried - Building and Improvements | 6,390 | ||||
Gross Amount Carried - FF&E | 1,446 | ||||
Total | 9,584 | ||||
Accumulated Depreciation | $ (2,659) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 43 years | ||||
Boston-Tewksbury [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,547 | ||||
Initial Cost - Building and Improvements | 4,378 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 604 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,122 | ||||
Gross Amount Carried - Land and Improvements | 1,619 | ||||
Gross Amount Carried - Building and Improvements | 4,982 | ||||
Gross Amount Carried - FF&E | 1,180 | ||||
Total | 7,781 | ||||
Accumulated Depreciation | $ (1,894) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Boston Waltham 52 Fourth Ave [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,025 | ||||
Initial Cost - Building and Improvements | 6,620 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 921 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,591 | ||||
Gross Amount Carried - Land and Improvements | 2,109 | ||||
Gross Amount Carried - Building and Improvements | 7,541 | ||||
Gross Amount Carried - FF&E | 1,649 | ||||
Total | 11,299 | ||||
Accumulated Depreciation | $ (3,119) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Boston Waltham 32 Fourth Ave [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,851 | ||||
Initial Cost - Building and Improvements | 7,411 | ||||
Initial Cost - FF&E | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 742 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,492 | ||||
Gross Amount Carried - Land and Improvements | 1,988 | ||||
Gross Amount Carried - Building and Improvements | 8,153 | ||||
Gross Amount Carried - FF&E | 1,564 | ||||
Total | 11,705 | ||||
Accumulated Depreciation | $ (3,391) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Boston Westborough Computer Dr [ Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,747 | ||||
Initial Cost - Building and Improvements | 2,788 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 165 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 728 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,273 | ||||
Gross Amount Carried - Land and Improvements | 2,912 | ||||
Gross Amount Carried - Building and Improvements | 3,516 | ||||
Gross Amount Carried - FF&E | 1,321 | ||||
Total | 7,749 | ||||
Accumulated Depreciation | $ (2,123) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Boston Westborough Connector Road [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,154 | ||||
Initial Cost - Building and Improvements | 1,519 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 487 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 812 | ||||
Gross Amount Carried - Land and Improvements | 3,214 | ||||
Gross Amount Carried - Building and Improvements | 2,006 | ||||
Gross Amount Carried - FF&E | 869 | ||||
Total | 6,089 | ||||
Accumulated Depreciation | $ (1,352) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Boston Westborough East Main Street [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,366 | ||||
Initial Cost - Building and Improvements | 2,763 | ||||
Initial Cost - FF&E | 81 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 770 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047 | ||||
Gross Amount Carried - Land and Improvements | 2,465 | ||||
Gross Amount Carried - Building and Improvements | 3,533 | ||||
Gross Amount Carried - FF&E | 1,128 | ||||
Total | 7,126 | ||||
Accumulated Depreciation | $ (1,748) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 42 years | ||||
Boston Woburn [Member] | MASSACHUSETTS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,879 | ||||
Initial Cost - Building and Improvements | 4,426 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 655 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,224 | ||||
Gross Amount Carried - Land and Improvements | 1,978 | ||||
Gross Amount Carried - Building and Improvements | 5,081 | ||||
Gross Amount Carried - FF&E | 1,272 | ||||
Total | 8,331 | ||||
Accumulated Depreciation | $ (2,303) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Annapolis Admiral Cochrane Drive [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,121 | ||||
Initial Cost - Building and Improvements | 5,919 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 576 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,181 | ||||
Gross Amount Carried - Land and Improvements | 2,174 | ||||
Gross Amount Carried - Building and Improvements | 6,495 | ||||
Gross Amount Carried - FF&E | 1,233 | ||||
Total | 9,902 | ||||
Accumulated Depreciation | $ (2,659) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Annapolis Womack Drive [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,376 | ||||
Initial Cost - Building and Improvements | 4,684 | ||||
Initial Cost - FF&E | 131 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 431 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 791 | ||||
Gross Amount Carried - Land and Improvements | 1,450 | ||||
Gross Amount Carried - Building and Improvements | 5,115 | ||||
Gross Amount Carried - FF&E | 922 | ||||
Total | 7,487 | ||||
Accumulated Depreciation | $ (2,044) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 45 years | ||||
Baltimore Bel Air Aberdeen [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,768 | ||||
Initial Cost - Building and Improvements | 5,344 | ||||
Initial Cost - FF&E | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 436 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 906 | ||||
Gross Amount Carried - Land and Improvements | 1,806 | ||||
Gross Amount Carried - Building and Improvements | 5,780 | ||||
Gross Amount Carried - FF&E | 1,016 | ||||
Total | 8,602 | ||||
Accumulated Depreciation | $ (1,985) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Columbia Columbia Parkway [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,785 | ||||
Initial Cost - Building and Improvements | 6,287 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 695 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 894 | ||||
Gross Amount Carried - Land and Improvements | 1,911 | ||||
Gross Amount Carried - Building and Improvements | 6,982 | ||||
Gross Amount Carried - FF&E | 932 | ||||
Total | 9,825 | ||||
Accumulated Depreciation | $ (2,526) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Columbia Columbia Corporate Park [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,056 | ||||
Initial Cost - Building and Improvements | 10,874 | ||||
Initial Cost - FF&E | 81 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,235 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,374 | ||||
Gross Amount Carried - Land and Improvements | 3,204 | ||||
Gross Amount Carried - Building and Improvements | 12,109 | ||||
Gross Amount Carried - FF&E | 1,455 | ||||
Total | 16,768 | ||||
Accumulated Depreciation | $ (4,373) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Columbia Gateway Drive [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,241 | ||||
Initial Cost - Building and Improvements | 5,038 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 926 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,195 | ||||
Gross Amount Carried - Land and Improvements | 2,327 | ||||
Gross Amount Carried - Building and Improvements | 5,964 | ||||
Gross Amount Carried - FF&E | 1,237 | ||||
Total | 9,528 | ||||
Accumulated Depreciation | $ (3,188) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Frederick Westview Dr [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,891 | ||||
Initial Cost - Building and Improvements | 5,522 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 499 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 812 | ||||
Gross Amount Carried - Land and Improvements | 1,964 | ||||
Gross Amount Carried - Building and Improvements | 6,021 | ||||
Gross Amount Carried - FF&E | 853 | ||||
Total | 8,838 | ||||
Accumulated Depreciation | $ (2,237) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Gaithersburg North [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,088 | ||||
Initial Cost - Building and Improvements | 3,973 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 472 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 829 | ||||
Gross Amount Carried - Land and Improvements | 2,142 | ||||
Gross Amount Carried - Building and Improvements | 4,445 | ||||
Gross Amount Carried - FF&E | 871 | ||||
Total | 7,458 | ||||
Accumulated Depreciation | $ (1,805) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Gaithersburg South [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,233 | ||||
Initial Cost - Building and Improvements | 4,128 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 650 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,026 | ||||
Gross Amount Carried - Land and Improvements | 2,339 | ||||
Gross Amount Carried - Building and Improvements | 4,778 | ||||
Gross Amount Carried - FF&E | 1,085 | ||||
Total | 8,202 | ||||
Accumulated Depreciation | $ (1,929) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Washington DC Germantown Milestone [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,413 | ||||
Initial Cost - Building and Improvements | 4,673 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 138 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 502 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 806 | ||||
Gross Amount Carried - Land and Improvements | 1,551 | ||||
Gross Amount Carried - Building and Improvements | 5,175 | ||||
Gross Amount Carried - FF&E | 850 | ||||
Total | 7,576 | ||||
Accumulated Depreciation | $ (1,992) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Germantown Town Center [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,541 | ||||
Initial Cost - Building and Improvements | 2,269 | ||||
Initial Cost - FF&E | 698 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 131 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 913 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 750 | ||||
Gross Amount Carried - Land and Improvements | 5,672 | ||||
Gross Amount Carried - Building and Improvements | 3,182 | ||||
Gross Amount Carried - FF&E | 1,448 | ||||
Total | 10,302 | ||||
Accumulated Depreciation | $ (2,996) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 19 years | ||||
Baltimore Glen Burnie [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,374 | ||||
Initial Cost - Building and Improvements | 9,428 | ||||
Initial Cost - FF&E | 132 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 366 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 864 | ||||
Gross Amount Carried - Land and Improvements | 2,429 | ||||
Gross Amount Carried - Building and Improvements | 9,794 | ||||
Gross Amount Carried - FF&E | 996 | ||||
Total | 13,219 | ||||
Accumulated Depreciation | $ (3,059) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Columbia Laurel Ft Meade [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,505 | ||||
Initial Cost - Building and Improvements | 5,910 | ||||
Initial Cost - FF&E | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 454 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 956 | ||||
Gross Amount Carried - Land and Improvements | 1,595 | ||||
Gross Amount Carried - Building and Improvements | 6,364 | ||||
Gross Amount Carried - FF&E | 1,068 | ||||
Total | 9,027 | ||||
Accumulated Depreciation | $ (2,394) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Washington Dc Landover [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,119 | ||||
Initial Cost - Building and Improvements | 5,378 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 686 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,025 | ||||
Gross Amount Carried - Land and Improvements | 3,181 | ||||
Gross Amount Carried - Building and Improvements | 6,064 | ||||
Gross Amount Carried - FF&E | 1,064 | ||||
Total | 10,309 | ||||
Accumulated Depreciation | $ (2,392) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Lexington Park Pax River [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,206 | ||||
Initial Cost - Building and Improvements | 5,140 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 571 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 953 | ||||
Gross Amount Carried - Land and Improvements | 1,283 | ||||
Gross Amount Carried - Building and Improvements | 5,711 | ||||
Gross Amount Carried - FF&E | 1,001 | ||||
Total | 7,995 | ||||
Accumulated Depreciation | $ (2,244) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Baltimore BWI Airport One [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,801 | ||||
Initial Cost - Building and Improvements | 5,663 | ||||
Initial Cost - FF&E | 1,003 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 292 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,090 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 917 | ||||
Gross Amount Carried - Land and Improvements | 4,093 | ||||
Gross Amount Carried - Building and Improvements | 6,753 | ||||
Gross Amount Carried - FF&E | 1,920 | ||||
Total | 12,766 | ||||
Accumulated Depreciation | $ (3,754) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Baltimore BWl Airport Aero Dr [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,316 | ||||
Initial Cost - Building and Improvements | 8,515 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 136 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 618 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 981 | ||||
Gross Amount Carried - Land and Improvements | 2,452 | ||||
Gross Amount Carried - Building and Improvements | 9,133 | ||||
Gross Amount Carried - FF&E | 1,024 | ||||
Total | 12,609 | ||||
Accumulated Depreciation | $ (3,175) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Washington DC Rockville [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,800 | ||||
Initial Cost - Building and Improvements | 9,696 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 961 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,357 | ||||
Gross Amount Carried - Land and Improvements | 5,917 | ||||
Gross Amount Carried - Building and Improvements | 10,657 | ||||
Gross Amount Carried - FF&E | 1,421 | ||||
Total | 17,995 | ||||
Accumulated Depreciation | $ (3,838) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Baltimore Timonium [Member] | MARYLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,004 | ||||
Initial Cost - Building and Improvements | 6,358 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 124 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 604 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 918 | ||||
Gross Amount Carried - Land and Improvements | 2,128 | ||||
Gross Amount Carried - Building and Improvements | 6,962 | ||||
Gross Amount Carried - FF&E | 957 | ||||
Total | 10,047 | ||||
Accumulated Depreciation | $ (2,615) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Portland Scarborough [Member] | MAINE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 828 | ||||
Initial Cost - Building and Improvements | 4,601 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 620 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,061 | ||||
Gross Amount Carried - Land and Improvements | 949 | ||||
Gross Amount Carried - Building and Improvements | 5,221 | ||||
Gross Amount Carried - FF&E | 1,113 | ||||
Total | 7,283 | ||||
Accumulated Depreciation | $ (2,092) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Detroit Ann Arbor Briarwood Mall [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,416 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 190 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 618 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 980 | ||||
Gross Amount Carried - Land and Improvements | 3,606 | ||||
Gross Amount Carried - Building and Improvements | 618 | ||||
Gross Amount Carried - FF&E | 1,021 | ||||
Total | 5,245 | ||||
Accumulated Depreciation | $ (1,049) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Detroit Ann Arbor University South [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 955 | ||||
Initial Cost - Building and Improvements | 1,139 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (150) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 435 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,030 | ||||
Gross Amount Carried - Land and Improvements | 805 | ||||
Gross Amount Carried - Building and Improvements | 1,574 | ||||
Gross Amount Carried - FF&E | 1,072 | ||||
Total | 3,451 | ||||
Accumulated Depreciation | $ (1,199) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 41 years | ||||
Auburn Hills University Drive [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,363 | ||||
Initial Cost - Building and Improvements | 588 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 162 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 850 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,309 | ||||
Gross Amount Carried - Land and Improvements | 1,525 | ||||
Gross Amount Carried - Building and Improvements | 1,438 | ||||
Gross Amount Carried - FF&E | 1,368 | ||||
Total | 4,331 | ||||
Accumulated Depreciation | $ (1,595) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Detroit Auburn Hills Featherstone Rd [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,226 | ||||
Initial Cost - Building and Improvements | 3,584 | ||||
Initial Cost - FF&E | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 262 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,097 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,536 | ||||
Gross Amount Carried - Land and Improvements | 1,488 | ||||
Gross Amount Carried - Building and Improvements | 4,681 | ||||
Gross Amount Carried - FF&E | 1,611 | ||||
Total | 7,780 | ||||
Accumulated Depreciation | $ (2,502) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 41 years | ||||
Detroit Auburn Hills I Seven Five [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,948 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 189 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 583 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,044 | ||||
Gross Amount Carried - Land and Improvements | 2,137 | ||||
Gross Amount Carried - Building and Improvements | 583 | ||||
Gross Amount Carried - FF&E | 1,091 | ||||
Total | 3,811 | ||||
Accumulated Depreciation | $ (1,440) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Detroit Canton [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,501 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 178 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 719 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 939 | ||||
Gross Amount Carried - Land and Improvements | 1,679 | ||||
Gross Amount Carried - Building and Improvements | 719 | ||||
Gross Amount Carried - FF&E | 998 | ||||
Total | 3,396 | ||||
Accumulated Depreciation | $ (1,175) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Detroit Dearborn [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,018 | ||||
Initial Cost - Building and Improvements | 2,051 | ||||
Initial Cost - FF&E | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 136 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 734 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 990 | ||||
Gross Amount Carried - Land and Improvements | 1,154 | ||||
Gross Amount Carried - Building and Improvements | 2,785 | ||||
Gross Amount Carried - FF&E | 1,067 | ||||
Total | 5,006 | ||||
Accumulated Depreciation | $ (1,552) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Detroit Farmington Hills [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,084 | ||||
Initial Cost - Building and Improvements | 570 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 160 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 571 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 961 | ||||
Gross Amount Carried - Land and Improvements | 1,244 | ||||
Gross Amount Carried - Building and Improvements | 1,141 | ||||
Gross Amount Carried - FF&E | 1,002 | ||||
Total | 3,387 | ||||
Accumulated Depreciation | $ (1,029) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Grand Rapids Kentwood [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,297 | ||||
Initial Cost - Building and Improvements | 1,644 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 156 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 569 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 992 | ||||
Gross Amount Carried - Land and Improvements | 1,453 | ||||
Gross Amount Carried - Building and Improvements | 2,213 | ||||
Gross Amount Carried - FF&E | 1,030 | ||||
Total | 4,696 | ||||
Accumulated Depreciation | $ (1,264) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Detroit Madison Heights [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,787 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 756 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,079 | ||||
Gross Amount Carried - Land and Improvements | 1,891 | ||||
Gross Amount Carried - Building and Improvements | 756 | ||||
Gross Amount Carried - FF&E | 1,122 | ||||
Total | 3,769 | ||||
Accumulated Depreciation | $ (848) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Detroit Novi Haggerty Road [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,102 | ||||
Initial Cost - Building and Improvements | 1,620 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 148 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 673 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 928 | ||||
Gross Amount Carried - Land and Improvements | 1,250 | ||||
Gross Amount Carried - Building and Improvements | 2,293 | ||||
Gross Amount Carried - FF&E | 972 | ||||
Total | 4,515 | ||||
Accumulated Depreciation | $ (1,540) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Detroit Novi Orchard Hill Place [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,237 | ||||
Initial Cost - Building and Improvements | 421 | ||||
Initial Cost - FF&E | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 131 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 579 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 970 | ||||
Gross Amount Carried - Land and Improvements | 1,368 | ||||
Gross Amount Carried - Building and Improvements | 1,000 | ||||
Gross Amount Carried - FF&E | 1,048 | ||||
Total | 3,416 | ||||
Accumulated Depreciation | $ (852) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 42 years | ||||
Detroit Metropolitan Airport [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,161 | ||||
Initial Cost - Building and Improvements | 2,462 | ||||
Initial Cost - FF&E | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 536 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 957 | ||||
Gross Amount Carried - Land and Improvements | 1,303 | ||||
Gross Amount Carried - Building and Improvements | 2,998 | ||||
Gross Amount Carried - FF&E | 1,040 | ||||
Total | 5,341 | ||||
Accumulated Depreciation | $ (1,370) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Detroit Roseville [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,204 | ||||
Initial Cost - Building and Improvements | 2,742 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 132 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 669 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 961 | ||||
Gross Amount Carried - Land and Improvements | 1,336 | ||||
Gross Amount Carried - Building and Improvements | 3,411 | ||||
Gross Amount Carried - FF&E | 1,032 | ||||
Total | 5,779 | ||||
Accumulated Depreciation | $ (1,487) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Detroit Southfield I Six Nine Six [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,746 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 107 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 729 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,164 | ||||
Gross Amount Carried - Land and Improvements | 1,853 | ||||
Gross Amount Carried - Building and Improvements | 729 | ||||
Gross Amount Carried - FF&E | 1,248 | ||||
Total | 3,830 | ||||
Accumulated Depreciation | $ (1,267) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Detroit Southfield Northwestern Hwy [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,952 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 165 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,041 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,328 | ||||
Gross Amount Carried - Land and Improvements | 2,117 | ||||
Gross Amount Carried - Building and Improvements | 1,041 | ||||
Gross Amount Carried - FF&E | 1,386 | ||||
Total | 4,544 | ||||
Accumulated Depreciation | $ (1,402) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Detroit Sterling Heights [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 998 | ||||
Initial Cost - Building and Improvements | 1,550 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 150 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 889 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,053 | ||||
Gross Amount Carried - Land and Improvements | 1,148 | ||||
Gross Amount Carried - Building and Improvements | 2,439 | ||||
Gross Amount Carried - FF&E | 1,095 | ||||
Total | 4,682 | ||||
Accumulated Depreciation | $ (1,546) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Detroit Warren [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,448 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 37 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 141 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 656 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 768 | ||||
Gross Amount Carried - Land and Improvements | 1,589 | ||||
Gross Amount Carried - Building and Improvements | 656 | ||||
Gross Amount Carried - FF&E | 805 | ||||
Total | 3,050 | ||||
Accumulated Depreciation | $ (625) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Minneapolis Bloomington [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,440 | ||||
Initial Cost - Building and Improvements | 3,092 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 536 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 909 | ||||
Gross Amount Carried - Land and Improvements | 1,527 | ||||
Gross Amount Carried - Building and Improvements | 3,628 | ||||
Gross Amount Carried - FF&E | 948 | ||||
Total | 6,103 | ||||
Accumulated Depreciation | $ (1,807) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Minneapolis Brooklyn Center [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,367 | ||||
Initial Cost - Building and Improvements | 2,491 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 790 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,136 | ||||
Gross Amount Carried - Land and Improvements | 1,451 | ||||
Gross Amount Carried - Building and Improvements | 3,281 | ||||
Gross Amount Carried - FF&E | 1,174 | ||||
Total | 5,906 | ||||
Accumulated Depreciation | $ (1,527) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Minneapolis Airport Eagan South [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,517 | ||||
Initial Cost - Building and Improvements | 2,133 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 625 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 980 | ||||
Gross Amount Carried - Land and Improvements | 1,605 | ||||
Gross Amount Carried - Building and Improvements | 2,758 | ||||
Gross Amount Carried - FF&E | 1,031 | ||||
Total | 5,394 | ||||
Accumulated Depreciation | $ (1,631) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Minneapolis Airport Eagan [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,888 | ||||
Initial Cost - Building and Improvements | 2,331 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 802 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,333 | ||||
Gross Amount Carried - Land and Improvements | 2,039 | ||||
Gross Amount Carried - Building and Improvements | 3,133 | ||||
Gross Amount Carried - FF&E | 1,393 | ||||
Total | 6,565 | ||||
Accumulated Depreciation | $ (1,887) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Minneapolis Eden Prairie Technology Drive [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,199 | ||||
Initial Cost - Building and Improvements | 2,289 | ||||
Initial Cost - FF&E | 36 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 581 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,087 | ||||
Gross Amount Carried - Land and Improvements | 1,316 | ||||
Gross Amount Carried - Building and Improvements | 2,870 | ||||
Gross Amount Carried - FF&E | 1,123 | ||||
Total | 5,309 | ||||
Accumulated Depreciation | $ (1,650) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Minneapolis Eden Prairie Valley View Road [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,614 | ||||
Initial Cost - Building and Improvements | 3,658 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 600 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 961 | ||||
Gross Amount Carried - Land and Improvements | 1,689 | ||||
Gross Amount Carried - Building and Improvements | 4,258 | ||||
Gross Amount Carried - FF&E | 1,000 | ||||
Total | 6,947 | ||||
Accumulated Depreciation | $ (1,846) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Minneapolis Maple Grove [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,543 | ||||
Initial Cost - Building and Improvements | 560 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 674 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 955 | ||||
Gross Amount Carried - Land and Improvements | 2,652 | ||||
Gross Amount Carried - Building and Improvements | 1,234 | ||||
Gross Amount Carried - FF&E | 993 | ||||
Total | 4,879 | ||||
Accumulated Depreciation | $ (999) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Rochester North [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,146 | ||||
Initial Cost - Building and Improvements | 1,797 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 673 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 788 | ||||
Gross Amount Carried - Land and Improvements | 1,224 | ||||
Gross Amount Carried - Building and Improvements | 2,470 | ||||
Gross Amount Carried - FF&E | 836 | ||||
Total | 4,530 | ||||
Accumulated Depreciation | $ (1,343) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Rochester South [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,119 | ||||
Initial Cost - Building and Improvements | 1,439 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 573 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 812 | ||||
Gross Amount Carried - Land and Improvements | 1,216 | ||||
Gross Amount Carried - Building and Improvements | 2,012 | ||||
Gross Amount Carried - FF&E | 862 | ||||
Total | 4,090 | ||||
Accumulated Depreciation | $ (1,251) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Minneapolis Woodbury [Member] | MINNESOTA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,805 | ||||
Initial Cost - Building and Improvements | 2,559 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 80 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 551 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 947 | ||||
Gross Amount Carried - Land and Improvements | 1,885 | ||||
Gross Amount Carried - Building and Improvements | 3,110 | ||||
Gross Amount Carried - FF&E | 990 | ||||
Total | 5,985 | ||||
Accumulated Depreciation | $ (1,597) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
St Louis Airport Central [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,743 | ||||
Initial Cost - Building and Improvements | 1,010 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 152 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 897 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,583 | ||||
Gross Amount Carried - Land and Improvements | 1,895 | ||||
Gross Amount Carried - Building and Improvements | 1,907 | ||||
Gross Amount Carried - FF&E | 1,640 | ||||
Total | 5,442 | ||||
Accumulated Depreciation | $ (1,413) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Columbia Stadium Blvd [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 734 | ||||
Initial Cost - Building and Improvements | 2,511 | ||||
Initial Cost - FF&E | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 522 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 827 | ||||
Gross Amount Carried - Land and Improvements | 830 | ||||
Gross Amount Carried - Building and Improvements | 3,033 | ||||
Gross Amount Carried - FF&E | 918 | ||||
Total | 4,781 | ||||
Accumulated Depreciation | $ (1,470) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
St Louis Earth City [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,394 | ||||
Initial Cost - Building and Improvements | 721 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 651 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 934 | ||||
Gross Amount Carried - Land and Improvements | 1,494 | ||||
Gross Amount Carried - Building and Improvements | 1,372 | ||||
Gross Amount Carried - FF&E | 968 | ||||
Total | 3,834 | ||||
Accumulated Depreciation | $ (1,098) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
St Louis Westport Central [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 829 | ||||
Initial Cost - Building and Improvements | 2,112 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 631 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,016 | ||||
Gross Amount Carried - Land and Improvements | 897 | ||||
Gross Amount Carried - Building and Improvements | 2,743 | ||||
Gross Amount Carried - FF&E | 1,064 | ||||
Total | 4,704 | ||||
Accumulated Depreciation | $ (1,591) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
St Louis Westport East Lackland Rd [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,334 | ||||
Initial Cost - Building and Improvements | 2,692 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 270 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 838 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,096 | ||||
Gross Amount Carried - Land and Improvements | 1,604 | ||||
Gross Amount Carried - Building and Improvements | 3,530 | ||||
Gross Amount Carried - FF&E | 1,149 | ||||
Total | 6,283 | ||||
Accumulated Depreciation | $ (1,781) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Springfield South [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 777 | ||||
Initial Cost - Building and Improvements | 3,170 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 642 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 910 | ||||
Gross Amount Carried - Land and Improvements | 872 | ||||
Gross Amount Carried - Building and Improvements | 3,812 | ||||
Gross Amount Carried - FF&E | 950 | ||||
Total | 5,634 | ||||
Accumulated Depreciation | $ (1,620) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
St Louis Westport Craig Road [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 982 | ||||
Initial Cost - Building and Improvements | 220 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 140 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 592 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 939 | ||||
Gross Amount Carried - Land and Improvements | 1,122 | ||||
Gross Amount Carried - Building and Improvements | 812 | ||||
Gross Amount Carried - FF&E | 972 | ||||
Total | 2,906 | ||||
Accumulated Depreciation | $ (864) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,994 | ||||
Depreciable Lives | 24 years | ||||
St Louis St Peters [Member] | MISSOURI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,165 | ||||
Initial Cost - Building and Improvements | 3,797 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 804 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 995 | ||||
Gross Amount Carried - Land and Improvements | 1,258 | ||||
Gross Amount Carried - Building and Improvements | 4,601 | ||||
Gross Amount Carried - FF&E | 1,039 | ||||
Total | 6,898 | ||||
Accumulated Depreciation | $ (1,658) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Jackson East Beasley Road [Member] | MISSISSIPPI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 265 | ||||
Initial Cost - Building and Improvements | 3,884 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 766 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,144 | ||||
Gross Amount Carried - Land and Improvements | 351 | ||||
Gross Amount Carried - Building and Improvements | 4,650 | ||||
Gross Amount Carried - FF&E | 1,193 | ||||
Total | 6,194 | ||||
Accumulated Depreciation | $ (1,852) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Jackson North [Member] | MISSISSIPPI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 256 | ||||
Initial Cost - Building and Improvements | 3,381 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 141 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 692 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 954 | ||||
Gross Amount Carried - Land and Improvements | 397 | ||||
Gross Amount Carried - Building and Improvements | 4,073 | ||||
Gross Amount Carried - FF&E | 994 | ||||
Total | 5,464 | ||||
Accumulated Depreciation | $ (1,819) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Jackson Ridgeland [Member] | MISSISSIPPI | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 345 | ||||
Initial Cost - Building and Improvements | 3,103 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,175 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 920 | ||||
Gross Amount Carried - Land and Improvements | 468 | ||||
Gross Amount Carried - Building and Improvements | 4,278 | ||||
Gross Amount Carried - FF&E | 953 | ||||
Total | 5,699 | ||||
Accumulated Depreciation | $ (1,886) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Billings West End [Member] | MONTANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 936 | ||||
Initial Cost - Building and Improvements | 3,915 | ||||
Initial Cost - FF&E | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 114 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 533 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 814 | ||||
Gross Amount Carried - Land and Improvements | 1,050 | ||||
Gross Amount Carried - Building and Improvements | 4,448 | ||||
Gross Amount Carried - FF&E | 911 | ||||
Total | 6,409 | ||||
Accumulated Depreciation | $ (1,732) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Great Falls Missouri River [Member] | MONTANA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 834 | ||||
Initial Cost - Building and Improvements | 5,105 | ||||
Initial Cost - FF&E | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 564 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 926 | ||||
Gross Amount Carried - Land and Improvements | 905 | ||||
Gross Amount Carried - Building and Improvements | 5,669 | ||||
Gross Amount Carried - FF&E | 996 | ||||
Total | 7,570 | ||||
Accumulated Depreciation | $ (1,981) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Asheville Tunnel Rd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,216 | ||||
Initial Cost - Building and Improvements | 2,559 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 476 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 933 | ||||
Gross Amount Carried - Land and Improvements | 2,271 | ||||
Gross Amount Carried - Building and Improvements | 3,035 | ||||
Gross Amount Carried - FF&E | 971 | ||||
Total | 6,277 | ||||
Accumulated Depreciation | $ (1,477) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Raleigh Cary Harrison Ave [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 791 | ||||
Initial Cost - Building and Improvements | 1,353 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 380 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 890 | ||||
Gross Amount Carried - Land and Improvements | 863 | ||||
Gross Amount Carried - Building and Improvements | 1,733 | ||||
Gross Amount Carried - FF&E | 923 | ||||
Total | 3,519 | ||||
Accumulated Depreciation | $ (1,299) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Raleigh Cary Regency Parkway North [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 903 | ||||
Initial Cost - Building and Improvements | 4,357 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 496 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,035 | ||||
Gross Amount Carried - Land and Improvements | 946 | ||||
Gross Amount Carried - Building and Improvements | 4,853 | ||||
Gross Amount Carried - FF&E | 1,079 | ||||
Total | 6,878 | ||||
Accumulated Depreciation | $ (1,985) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Raleigh Cary Regency Parkway South [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,018 | ||||
Initial Cost - Building and Improvements | 4,505 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 564 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,019 | ||||
Gross Amount Carried - Land and Improvements | 1,131 | ||||
Gross Amount Carried - Building and Improvements | 5,069 | ||||
Gross Amount Carried - FF&E | 1,072 | ||||
Total | 7,272 | ||||
Accumulated Depreciation | $ (1,916) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 43 years | ||||
Charlotte Airport [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,982 | ||||
Initial Cost - Building and Improvements | 636 | ||||
Initial Cost - FF&E | 67 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 147 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 877 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,123 | ||||
Gross Amount Carried - Land and Improvements | 2,129 | ||||
Gross Amount Carried - Building and Improvements | 1,513 | ||||
Gross Amount Carried - FF&E | 2,190 | ||||
Total | 5,832 | ||||
Accumulated Depreciation | $ (1,876) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Charlotte Pineville Park Rd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,111 | ||||
Initial Cost - Building and Improvements | 3,250 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 782 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,587 | ||||
Gross Amount Carried - Land and Improvements | 1,229 | ||||
Gross Amount Carried - Building and Improvements | 4,032 | ||||
Gross Amount Carried - FF&E | 1,647 | ||||
Total | 6,908 | ||||
Accumulated Depreciation | $ (1,591) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Charlotte Pineville Pineville Matthews Rd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,859 | ||||
Initial Cost - Building and Improvements | 3,965 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 218 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 609 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,799 | ||||
Gross Amount Carried - Land and Improvements | 2,077 | ||||
Gross Amount Carried - Building and Improvements | 4,574 | ||||
Gross Amount Carried - FF&E | 1,851 | ||||
Total | 8,502 | ||||
Accumulated Depreciation | $ (1,993) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 43 years | ||||
Charlotte Tyvola Rd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,563 | ||||
Initial Cost - Building and Improvements | 727 | ||||
Initial Cost - FF&E | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 476 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,342 | ||||
Gross Amount Carried - Land and Improvements | 1,625 | ||||
Gross Amount Carried - Building and Improvements | 1,203 | ||||
Gross Amount Carried - FF&E | 1,396 | ||||
Total | 4,224 | ||||
Accumulated Depreciation | $ (1,256) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Charlotte Tyvola Rd Executive Park [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,232 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 19 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 925 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 1,337 | ||||
Gross Amount Carried - Building and Improvements | 925 | ||||
Gross Amount Carried - FF&E | 1,193 | ||||
Total | 3,455 | ||||
Accumulated Depreciation | $ (1,077) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Charlotte University Place [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,208 | ||||
Initial Cost - Building and Improvements | 2,903 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (24) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 534 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,762 | ||||
Gross Amount Carried - Land and Improvements | 1,184 | ||||
Gross Amount Carried - Building and Improvements | 3,437 | ||||
Gross Amount Carried - FF&E | 1,806 | ||||
Total | 6,427 | ||||
Accumulated Depreciation | $ (1,762) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Charlotte University Place E McCullough Dr [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,045 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 557 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,456 | ||||
Gross Amount Carried - Land and Improvements | 1,138 | ||||
Gross Amount Carried - Building and Improvements | 557 | ||||
Gross Amount Carried - FF&E | 1,491 | ||||
Total | 3,186 | ||||
Accumulated Depreciation | $ (1,173) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Durham Research Triangle Park Hwy 55 [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 603 | ||||
Initial Cost - Building and Improvements | 1,556 | ||||
Initial Cost - FF&E | 292 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 175 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 817 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 832 | ||||
Gross Amount Carried - Land and Improvements | 778 | ||||
Gross Amount Carried - Building and Improvements | 2,373 | ||||
Gross Amount Carried - FF&E | 1,124 | ||||
Total | 4,275 | ||||
Accumulated Depreciation | $ (1,687) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 19 years | ||||
Durham Research Triangle Park [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 63 | ||||
Initial Cost - Building and Improvements | 984 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 850 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 563 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 996 | ||||
Gross Amount Carried - Land and Improvements | 913 | ||||
Gross Amount Carried - Building and Improvements | 1,547 | ||||
Gross Amount Carried - FF&E | 1,029 | ||||
Total | 3,489 | ||||
Accumulated Depreciation | $ (2,008) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Durham Rtp Miami Blvd North [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,215 | ||||
Initial Cost - Building and Improvements | 2,397 | ||||
Initial Cost - FF&E | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 560 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 911 | ||||
Gross Amount Carried - Land and Improvements | 1,287 | ||||
Gross Amount Carried - Building and Improvements | 2,957 | ||||
Gross Amount Carried - FF&E | 965 | ||||
Total | 5,209 | ||||
Accumulated Depreciation | $ (1,456) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Durham RTP Miami Blvd South [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,405 | ||||
Initial Cost - Building and Improvements | 2,370 | ||||
Initial Cost - FF&E | 107 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 114 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 816 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,527 | ||||
Gross Amount Carried - Land and Improvements | 1,519 | ||||
Gross Amount Carried - Building and Improvements | 3,186 | ||||
Gross Amount Carried - FF&E | 1,634 | ||||
Total | 6,339 | ||||
Accumulated Depreciation | $ (2,025) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 42 years | ||||
Durham University [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,208 | ||||
Initial Cost - Building and Improvements | 3,006 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 580 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,018 | ||||
Gross Amount Carried - Land and Improvements | 1,342 | ||||
Gross Amount Carried - Building and Improvements | 3,586 | ||||
Gross Amount Carried - FF&E | 1,061 | ||||
Total | 5,989 | ||||
Accumulated Depreciation | $ (1,937) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 33 years | ||||
Durham University Ivy Creek Blvd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,684 | ||||
Initial Cost - Building and Improvements | 3,947 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 804 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,246 | ||||
Gross Amount Carried - Land and Improvements | 1,773 | ||||
Gross Amount Carried - Building and Improvements | 4,751 | ||||
Gross Amount Carried - FF&E | 1,303 | ||||
Total | 7,827 | ||||
Accumulated Depreciation | $ (1,968) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Fayetteville Cross Creek Mall [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,725 | ||||
Initial Cost - Building and Improvements | 9,586 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 426 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 974 | ||||
Gross Amount Carried - Land and Improvements | 3,814 | ||||
Gross Amount Carried - Building and Improvements | 10,012 | ||||
Gross Amount Carried - FF&E | 1,030 | ||||
Total | 14,856 | ||||
Accumulated Depreciation | $ (3,386) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Fayetteville Owen Dr [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,253 | ||||
Initial Cost - Building and Improvements | 7,164 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 720 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 967 | ||||
Gross Amount Carried - Land and Improvements | 4,328 | ||||
Gross Amount Carried - Building and Improvements | 7,884 | ||||
Gross Amount Carried - FF&E | 1,010 | ||||
Total | 13,222 | ||||
Accumulated Depreciation | $ (3,218) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Greensboro Airport [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,017 | ||||
Initial Cost - Building and Improvements | 1,618 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 646 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 884 | ||||
Gross Amount Carried - Land and Improvements | 1,103 | ||||
Gross Amount Carried - Building and Improvements | 2,264 | ||||
Gross Amount Carried - FF&E | 940 | ||||
Total | 4,307 | ||||
Accumulated Depreciation | $ (1,053) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 42 years | ||||
Greensboro Wendover Ave [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,047 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 577 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 900 | ||||
Gross Amount Carried - Land and Improvements | 1,168 | ||||
Gross Amount Carried - Building and Improvements | 577 | ||||
Gross Amount Carried - FF&E | 933 | ||||
Total | 2,678 | ||||
Accumulated Depreciation | $ (711) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Greensboro Wendover Ave Big Tree Way [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,220 | ||||
Initial Cost - Building and Improvements | 1,866 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 158 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 783 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,081 | ||||
Gross Amount Carried - Land and Improvements | 1,378 | ||||
Gross Amount Carried - Building and Improvements | 2,649 | ||||
Gross Amount Carried - FF&E | 1,127 | ||||
Total | 5,154 | ||||
Accumulated Depreciation | $ (1,690) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Jacksonville Camp Lejeune [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,815 | ||||
Initial Cost - Building and Improvements | 10,609 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 768 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,104 | ||||
Gross Amount Carried - Land and Improvements | 4,906 | ||||
Gross Amount Carried - Building and Improvements | 11,377 | ||||
Gross Amount Carried - FF&E | 1,142 | ||||
Total | 17,425 | ||||
Accumulated Depreciation | $ (3,451) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Raleigh RDU Airport [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 833 | ||||
Initial Cost - Building and Improvements | 3,939 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 615 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,054 | ||||
Gross Amount Carried - Land and Improvements | 898 | ||||
Gross Amount Carried - Building and Improvements | 4,554 | ||||
Gross Amount Carried - FF&E | 1,097 | ||||
Total | 6,549 | ||||
Accumulated Depreciation | $ (2,076) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Raleigh Crabtree Valley [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,276 | ||||
Initial Cost - Building and Improvements | 2,350 | ||||
Initial Cost - FF&E | 493 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 802 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 944 | ||||
Gross Amount Carried - Land and Improvements | 1,385 | ||||
Gross Amount Carried - Building and Improvements | 3,152 | ||||
Gross Amount Carried - FF&E | 1,437 | ||||
Total | 5,974 | ||||
Accumulated Depreciation | $ (2,299) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 20 years | ||||
Raleigh North Raleigh Wake Towne Dr. [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 634 | ||||
Initial Cost - Building and Improvements | 1,414 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 527 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 898 | ||||
Gross Amount Carried - Land and Improvements | 722 | ||||
Gross Amount Carried - Building and Improvements | 1,941 | ||||
Gross Amount Carried - FF&E | 932 | ||||
Total | 3,595 | ||||
Accumulated Depreciation | $ (1,367) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Raleigh North Raleigh [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,120 | ||||
Initial Cost - Building and Improvements | 4,043 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 437 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 753 | ||||
Gross Amount Carried - Land and Improvements | 1,195 | ||||
Gross Amount Carried - Building and Improvements | 4,480 | ||||
Gross Amount Carried - FF&E | 791 | ||||
Total | 6,466 | ||||
Accumulated Depreciation | $ (1,792) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Raleigh North Raleigh Wake Forest Road [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 956 | ||||
Initial Cost - Building and Improvements | 2,771 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,450 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,139 | ||||
Gross Amount Carried - Land and Improvements | 1,047 | ||||
Gross Amount Carried - Building and Improvements | 4,221 | ||||
Gross Amount Carried - FF&E | 1,182 | ||||
Total | 6,450 | ||||
Accumulated Depreciation | $ (1,888) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Raleigh Northeast [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,219 | ||||
Initial Cost - Building and Improvements | 2,471 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 488 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,141 | ||||
Gross Amount Carried - Land and Improvements | 1,310 | ||||
Gross Amount Carried - Building and Improvements | 2,959 | ||||
Gross Amount Carried - FF&E | 1,181 | ||||
Total | 5,450 | ||||
Accumulated Depreciation | $ (1,550) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 38 years | ||||
Wilmington New Centre Drive [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 713 | ||||
Initial Cost - Building and Improvements | 3,123 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 650 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,085 | ||||
Gross Amount Carried - Land and Improvements | 777 | ||||
Gross Amount Carried - Building and Improvements | 3,773 | ||||
Gross Amount Carried - FF&E | 1,124 | ||||
Total | 5,674 | ||||
Accumulated Depreciation | $ (1,480) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 44 years | ||||
Winston Salem Hanes Mall Blvd [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 776 | ||||
Initial Cost - Building and Improvements | 2,573 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 95 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 657 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 994 | ||||
Gross Amount Carried - Land and Improvements | 871 | ||||
Gross Amount Carried - Building and Improvements | 3,230 | ||||
Gross Amount Carried - FF&E | 1,034 | ||||
Total | 5,135 | ||||
Accumulated Depreciation | $ (1,415) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 32 years | ||||
Nashua Manchester [Member] | NEW HAMPSHIRE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,526 | ||||
Initial Cost - Building and Improvements | 1,771 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 555 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,003 | ||||
Gross Amount Carried - Land and Improvements | 2,600 | ||||
Gross Amount Carried - Building and Improvements | 2,326 | ||||
Gross Amount Carried - FF&E | 1,061 | ||||
Total | 5,987 | ||||
Accumulated Depreciation | $ (1,509) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Mt Olive Budd Lake [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 835 | ||||
Initial Cost - Building and Improvements | 3,898 | ||||
Initial Cost - FF&E | 103 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 128 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 619 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 889 | ||||
Gross Amount Carried - Land and Improvements | 963 | ||||
Gross Amount Carried - Building and Improvements | 4,517 | ||||
Gross Amount Carried - FF&E | 992 | ||||
Total | 6,472 | ||||
Accumulated Depreciation | $ (2,106) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Philadelphia Cherry Hill [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 337 | ||||
Initial Cost - Building and Improvements | 2,660 | ||||
Initial Cost - FF&E | 32 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 584 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 832 | ||||
Gross Amount Carried - Land and Improvements | 425 | ||||
Gross Amount Carried - Building and Improvements | 3,244 | ||||
Gross Amount Carried - FF&E | 864 | ||||
Total | 4,533 | ||||
Accumulated Depreciation | $ (1,570) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Meadowlands East Rutherford [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 957 | ||||
Initial Cost - Building and Improvements | 6,141 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 234 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,316 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,419 | ||||
Gross Amount Carried - Land and Improvements | 1,191 | ||||
Gross Amount Carried - Building and Improvements | 7,457 | ||||
Gross Amount Carried - FF&E | 1,480 | ||||
Total | 10,128 | ||||
Accumulated Depreciation | $ (3,339) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Edison Raritan Center [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,363 | ||||
Initial Cost - Building and Improvements | 8,976 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 159 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 803 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,224 | ||||
Gross Amount Carried - Land and Improvements | 1,522 | ||||
Gross Amount Carried - Building and Improvements | 9,779 | ||||
Gross Amount Carried - FF&E | 1,272 | ||||
Total | 12,573 | ||||
Accumulated Depreciation | $ (3,627) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Elizabeth Newark Airport [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 202 | ||||
Initial Cost - Building and Improvements | 11,175 | ||||
Initial Cost - FF&E | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 3,276 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 912 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,233 | ||||
Gross Amount Carried - Land and Improvements | 3,478 | ||||
Gross Amount Carried - Building and Improvements | 12,087 | ||||
Gross Amount Carried - FF&E | 1,352 | ||||
Total | 16,917 | ||||
Accumulated Depreciation | $ (6,222) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Somerset Franklin [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 761 | ||||
Initial Cost - Building and Improvements | 4,096 | ||||
Initial Cost - FF&E | 63 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 586 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 853 | ||||
Gross Amount Carried - Land and Improvements | 818 | ||||
Gross Amount Carried - Building and Improvements | 4,682 | ||||
Gross Amount Carried - FF&E | 916 | ||||
Total | 6,416 | ||||
Accumulated Depreciation | $ (1,966) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Philadelphia Mt Laurel Pacilli Place [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 455 | ||||
Initial Cost - Building and Improvements | 4,318 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 65 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 441 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 958 | ||||
Gross Amount Carried - Land and Improvements | 520 | ||||
Gross Amount Carried - Building and Improvements | 4,759 | ||||
Gross Amount Carried - FF&E | 1,016 | ||||
Total | 6,295 | ||||
Accumulated Depreciation | $ (2,001) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Philadelphia Mt Laurel Crawford Place [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 313 | ||||
Initial Cost - Building and Improvements | 2,632 | ||||
Initial Cost - FF&E | 31 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 572 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 792 | ||||
Gross Amount Carried - Land and Improvements | 367 | ||||
Gross Amount Carried - Building and Improvements | 3,204 | ||||
Gross Amount Carried - FF&E | 823 | ||||
Total | 4,394 | ||||
Accumulated Depreciation | $ (1,575) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Piscataway Rutgers University [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 907 | ||||
Initial Cost - Building and Improvements | 6,348 | ||||
Initial Cost - FF&E | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 205 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,437 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,250 | ||||
Gross Amount Carried - Land and Improvements | 1,112 | ||||
Gross Amount Carried - Building and Improvements | 7,785 | ||||
Gross Amount Carried - FF&E | 1,312 | ||||
Total | 10,209 | ||||
Accumulated Depreciation | $ (3,055) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Princeton West Windsor [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,758 | ||||
Initial Cost - Building and Improvements | 2,042 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 585 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 894 | ||||
Gross Amount Carried - Land and Improvements | 3,887 | ||||
Gross Amount Carried - Building and Improvements | 2,627 | ||||
Gross Amount Carried - FF&E | 939 | ||||
Total | 7,453 | ||||
Accumulated Depreciation | $ (1,540) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Ramsey Upper Saddle River [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 704 | ||||
Initial Cost - Building and Improvements | 5,013 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 644 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 967 | ||||
Gross Amount Carried - Land and Improvements | 805 | ||||
Gross Amount Carried - Building and Improvements | 5,657 | ||||
Gross Amount Carried - FF&E | 1,031 | ||||
Total | 7,493 | ||||
Accumulated Depreciation | $ (2,271) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Red Bank Middletown [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,846 | ||||
Initial Cost - Building and Improvements | 2,652 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 797 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,068 | ||||
Gross Amount Carried - Land and Improvements | 2,946 | ||||
Gross Amount Carried - Building and Improvements | 3,449 | ||||
Gross Amount Carried - FF&E | 1,120 | ||||
Total | 7,515 | ||||
Accumulated Depreciation | $ (1,918) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Meadowlands Rutherford [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,972 | ||||
Initial Cost - Building and Improvements | 4,661 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,020 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,263 | ||||
Gross Amount Carried - Land and Improvements | 2,057 | ||||
Gross Amount Carried - Building and Improvements | 5,681 | ||||
Gross Amount Carried - FF&E | 1,312 | ||||
Total | 9,050 | ||||
Accumulated Depreciation | $ (2,457) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Princeton South Brunswick [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 761 | ||||
Initial Cost - Building and Improvements | 3,728 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 129 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 695 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,019 | ||||
Gross Amount Carried - Land and Improvements | 890 | ||||
Gross Amount Carried - Building and Improvements | 4,423 | ||||
Gross Amount Carried - FF&E | 1,069 | ||||
Total | 6,382 | ||||
Accumulated Depreciation | $ (2,139) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Secaucus Meadowlands [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,644 | ||||
Initial Cost - Building and Improvements | 13,946 | ||||
Initial Cost - FF&E | 122 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,251 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,478 | ||||
Gross Amount Carried - Land and Improvements | 1,740 | ||||
Gross Amount Carried - Building and Improvements | 15,197 | ||||
Gross Amount Carried - FF&E | 1,600 | ||||
Total | 18,537 | ||||
Accumulated Depreciation | $ (4,503) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Secaucus New York City Area [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 307 | ||||
Initial Cost - Building and Improvements | 20,368 | ||||
Initial Cost - FF&E | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 133 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,483 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,958 | ||||
Gross Amount Carried - Land and Improvements | 440 | ||||
Gross Amount Carried - Building and Improvements | 21,851 | ||||
Gross Amount Carried - FF&E | 2,031 | ||||
Total | 24,322 | ||||
Accumulated Depreciation | $ (15,898) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Hanover Parsippany [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,549 | ||||
Initial Cost - Building and Improvements | 6,181 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,079 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,321 | ||||
Gross Amount Carried - Land and Improvements | 3,661 | ||||
Gross Amount Carried - Building and Improvements | 7,260 | ||||
Gross Amount Carried - FF&E | 1,381 | ||||
Total | 12,302 | ||||
Accumulated Depreciation | $ (3,056) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Newark Woodbridge [Member] | NEW JERSEY | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,814 | ||||
Initial Cost - Building and Improvements | 9,316 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 218 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,231 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,483 | ||||
Gross Amount Carried - Land and Improvements | 2,032 | ||||
Gross Amount Carried - Building and Improvements | 10,547 | ||||
Gross Amount Carried - FF&E | 1,544 | ||||
Total | 14,123 | ||||
Accumulated Depreciation | $ (4,148) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Las Vegas East Flamingo [Member] | NEVADA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,914 | ||||
Initial Cost - Building and Improvements | 3,649 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 149 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 672 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,486 | ||||
Gross Amount Carried - Land and Improvements | 2,063 | ||||
Gross Amount Carried - Building and Improvements | 4,321 | ||||
Gross Amount Carried - FF&E | 1,542 | ||||
Total | 7,926 | ||||
Accumulated Depreciation | $ (2,129) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Las Vegas Midtown [Member] | NEVADA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,782 | ||||
Initial Cost - Building and Improvements | 3,495 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 79 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 653 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,193 | ||||
Gross Amount Carried - Land and Improvements | 1,861 | ||||
Gross Amount Carried - Building and Improvements | 4,148 | ||||
Gross Amount Carried - FF&E | 1,238 | ||||
Total | 7,247 | ||||
Accumulated Depreciation | $ (1,891) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Las Vegas Valley View [Member] | NEVADA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,230 | ||||
Initial Cost - Building and Improvements | 7,604 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 182 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,669 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,824 | ||||
Gross Amount Carried - Land and Improvements | 2,412 | ||||
Gross Amount Carried - Building and Improvements | 9,273 | ||||
Gross Amount Carried - FF&E | 1,888 | ||||
Total | 13,573 | ||||
Accumulated Depreciation | $ (3,295) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 32 years | ||||
Reno South Meadows [Member] | NEVADA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,771 | ||||
Initial Cost - Building and Improvements | 4,821 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 419 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 899 | ||||
Gross Amount Carried - Land and Improvements | 1,840 | ||||
Gross Amount Carried - Building and Improvements | 5,240 | ||||
Gross Amount Carried - FF&E | 983 | ||||
Total | 8,063 | ||||
Accumulated Depreciation | $ (1,808) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Albany SUNY [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,246 | ||||
Initial Cost - Building and Improvements | 6,462 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 157 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,304 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,302 | ||||
Gross Amount Carried - Land and Improvements | 1,403 | ||||
Gross Amount Carried - Building and Improvements | 7,766 | ||||
Gross Amount Carried - FF&E | 1,349 | ||||
Total | 10,518 | ||||
Accumulated Depreciation | $ (3,181) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Buffalo Amherst [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 665 | ||||
Initial Cost - Building and Improvements | 5,464 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 694 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,097 | ||||
Gross Amount Carried - Land and Improvements | 756 | ||||
Gross Amount Carried - Building and Improvements | 6,158 | ||||
Gross Amount Carried - FF&E | 1,140 | ||||
Total | 8,054 | ||||
Accumulated Depreciation | $ (2,486) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Long Island Bethpage [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,024 | ||||
Initial Cost - Building and Improvements | 7,727 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 773 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,133 | ||||
Gross Amount Carried - Land and Improvements | 4,154 | ||||
Gross Amount Carried - Building and Improvements | 8,500 | ||||
Gross Amount Carried - FF&E | 1,177 | ||||
Total | 13,831 | ||||
Accumulated Depreciation | $ (3,043) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Syracuse Dewitt [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 669 | ||||
Initial Cost - Building and Improvements | 4,692 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 233 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 720 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,084 | ||||
Gross Amount Carried - Land and Improvements | 902 | ||||
Gross Amount Carried - Building and Improvements | 5,412 | ||||
Gross Amount Carried - FF&E | 1,127 | ||||
Total | 7,441 | ||||
Accumulated Depreciation | $ (2,474) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
White Plains Elmsford [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,124 | ||||
Initial Cost - Building and Improvements | 12,986 | ||||
Initial Cost - FF&E | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 426 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,904 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,532 | ||||
Gross Amount Carried - Land and Improvements | 1,550 | ||||
Gross Amount Carried - Building and Improvements | 14,890 | ||||
Gross Amount Carried - FF&E | 1,606 | ||||
Total | 18,046 | ||||
Accumulated Depreciation | $ (4,995) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Fishkill Route Nine [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,616 | ||||
Initial Cost - Building and Improvements | 6,316 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 968 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,143 | ||||
Gross Amount Carried - Land and Improvements | 1,667 | ||||
Gross Amount Carried - Building and Improvements | 7,284 | ||||
Gross Amount Carried - FF&E | 1,190 | ||||
Total | 10,141 | ||||
Accumulated Depreciation | $ (2,405) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Fishkill Westage Center [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 946 | ||||
Initial Cost - Building and Improvements | 5,653 | ||||
Initial Cost - FF&E | 111 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 510 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 980 | ||||
Gross Amount Carried - Land and Improvements | 1,038 | ||||
Gross Amount Carried - Building and Improvements | 6,163 | ||||
Gross Amount Carried - FF&E | 1,091 | ||||
Total | 8,292 | ||||
Accumulated Depreciation | $ (2,336) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Long Island Melville [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 7,498 | ||||
Initial Cost - Building and Improvements | 10,315 | ||||
Initial Cost - FF&E | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 94 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 825 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,255 | ||||
Gross Amount Carried - Land and Improvements | 7,592 | ||||
Gross Amount Carried - Building and Improvements | 11,140 | ||||
Gross Amount Carried - FF&E | 1,328 | ||||
Total | 20,060 | ||||
Accumulated Depreciation | $ (3,777) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Rochester Greece [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,005 | ||||
Initial Cost - Building and Improvements | 4,662 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 823 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,097 | ||||
Gross Amount Carried - Land and Improvements | 1,090 | ||||
Gross Amount Carried - Building and Improvements | 5,485 | ||||
Gross Amount Carried - FF&E | 1,142 | ||||
Total | 7,717 | ||||
Accumulated Depreciation | $ (2,452) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Rochester Henrietta [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,061 | ||||
Initial Cost - Building and Improvements | 7,451 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 694 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,126 | ||||
Gross Amount Carried - Land and Improvements | 1,132 | ||||
Gross Amount Carried - Building and Improvements | 8,145 | ||||
Gross Amount Carried - FF&E | 1,171 | ||||
Total | 10,448 | ||||
Accumulated Depreciation | $ (2,994) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
New York City LaGuardia Airport [Member] | NEW YORK | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 8,634 | ||||
Initial Cost - Building and Improvements | 14,468 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 948 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,693 | ||||
Gross Amount Carried - Land and Improvements | 8,768 | ||||
Gross Amount Carried - Building and Improvements | 15,416 | ||||
Gross Amount Carried - FF&E | 1,777 | ||||
Total | 25,961 | ||||
Accumulated Depreciation | $ (4,701) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Columbus East [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,036 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 29 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 178 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 572 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 931 | ||||
Gross Amount Carried - Land and Improvements | 1,214 | ||||
Gross Amount Carried - Building and Improvements | 572 | ||||
Gross Amount Carried - FF&E | 960 | ||||
Total | 2,746 | ||||
Accumulated Depreciation | $ (796) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,989 | ||||
Columbus Easton [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,185 | ||||
Initial Cost - Building and Improvements | 4,416 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 804 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 903 | ||||
Gross Amount Carried - Land and Improvements | 1,315 | ||||
Gross Amount Carried - Building and Improvements | 5,220 | ||||
Gross Amount Carried - FF&E | 953 | ||||
Total | 7,488 | ||||
Accumulated Depreciation | $ (2,157) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Columbus North [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 824 | ||||
Initial Cost - Building and Improvements | 1,251 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 183 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 727 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,077 | ||||
Gross Amount Carried - Land and Improvements | 1,007 | ||||
Gross Amount Carried - Building and Improvements | 1,978 | ||||
Gross Amount Carried - FF&E | 1,120 | ||||
Total | 4,105 | ||||
Accumulated Depreciation | $ (1,182) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Columbus Polaris [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,431 | ||||
Initial Cost - Building and Improvements | 5,351 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 185 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,002 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,345 | ||||
Gross Amount Carried - Land and Improvements | 1,616 | ||||
Gross Amount Carried - Building and Improvements | 6,353 | ||||
Gross Amount Carried - FF&E | 1,406 | ||||
Total | 9,375 | ||||
Accumulated Depreciation | $ (2,873) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Columbus Worthington [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 781 | ||||
Initial Cost - Building and Improvements | 1,115 | ||||
Initial Cost - FF&E | 36 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 643 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 926 | ||||
Gross Amount Carried - Land and Improvements | 854 | ||||
Gross Amount Carried - Building and Improvements | 1,758 | ||||
Gross Amount Carried - FF&E | 962 | ||||
Total | 3,574 | ||||
Accumulated Depreciation | $ (1,042) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Columbus Dublin [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,329 | ||||
Initial Cost - Building and Improvements | 1,294 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 99 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 539 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 907 | ||||
Gross Amount Carried - Land and Improvements | 1,428 | ||||
Gross Amount Carried - Building and Improvements | 1,833 | ||||
Gross Amount Carried - FF&E | 945 | ||||
Total | 4,206 | ||||
Accumulated Depreciation | $ (1,373) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Columbus Sawmill Rd [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 577 | ||||
Initial Cost - Building and Improvements | 460 | ||||
Initial Cost - FF&E | 28 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 307 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,071 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 847 | ||||
Gross Amount Carried - Land and Improvements | 884 | ||||
Gross Amount Carried - Building and Improvements | 1,531 | ||||
Gross Amount Carried - FF&E | 875 | ||||
Total | 3,290 | ||||
Accumulated Depreciation | $ (841) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Depreciable Lives | 30 years | ||||
Columbus Tuttle [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 863 | ||||
Initial Cost - Building and Improvements | 3,396 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 611 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 883 | ||||
Gross Amount Carried - Land and Improvements | 951 | ||||
Gross Amount Carried - Building and Improvements | 4,007 | ||||
Gross Amount Carried - FF&E | 933 | ||||
Total | 5,891 | ||||
Accumulated Depreciation | $ (1,606) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Cincinnati Fairfield [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 459 | ||||
Initial Cost - Building and Improvements | 1,293 | ||||
Initial Cost - FF&E | 28 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 173 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 643 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 946 | ||||
Gross Amount Carried - Land and Improvements | 632 | ||||
Gross Amount Carried - Building and Improvements | 1,936 | ||||
Gross Amount Carried - FF&E | 974 | ||||
Total | 3,542 | ||||
Accumulated Depreciation | $ (1,157) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,989 | ||||
Depreciable Lives | 29 years | ||||
Findlay Tiffin Avenue [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 671 | ||||
Initial Cost - Building and Improvements | 2,596 | ||||
Initial Cost - FF&E | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 126 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 511 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 868 | ||||
Gross Amount Carried - Land and Improvements | 797 | ||||
Gross Amount Carried - Building and Improvements | 3,107 | ||||
Gross Amount Carried - FF&E | 945 | ||||
Total | 4,849 | ||||
Accumulated Depreciation | $ (1,248) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 43 years | ||||
Toledo Holland [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,002 | ||||
Initial Cost - Building and Improvements | 2,986 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 799 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,010 | ||||
Gross Amount Carried - Land and Improvements | 1,087 | ||||
Gross Amount Carried - Building and Improvements | 3,785 | ||||
Gross Amount Carried - FF&E | 1,055 | ||||
Total | 5,927 | ||||
Accumulated Depreciation | $ (1,491) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Toledo Maumee [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 912 | ||||
Initial Cost - Building and Improvements | 740 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 464 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 826 | ||||
Gross Amount Carried - Land and Improvements | 1,008 | ||||
Gross Amount Carried - Building and Improvements | 1,204 | ||||
Gross Amount Carried - FF&E | 860 | ||||
Total | 3,072 | ||||
Accumulated Depreciation | $ (823) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Cleveland Beachwood Orange Place North [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,288 | ||||
Initial Cost - Building and Improvements | 2,514 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 133 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 845 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,365 | ||||
Gross Amount Carried - Land and Improvements | 1,421 | ||||
Gross Amount Carried - Building and Improvements | 3,359 | ||||
Gross Amount Carried - FF&E | 1,424 | ||||
Total | 6,204 | ||||
Accumulated Depreciation | $ (1,875) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Cincinnati Springdale I Two Seven Five [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 852 | ||||
Initial Cost - Building and Improvements | 1,843 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 984 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,046 | ||||
Gross Amount Carried - Land and Improvements | 923 | ||||
Gross Amount Carried - Building and Improvements | 2,827 | ||||
Gross Amount Carried - FF&E | 1,091 | ||||
Total | 4,841 | ||||
Accumulated Depreciation | $ (1,381) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Portland Beaverton [Member] | OREGON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,210 | ||||
Initial Cost - Building and Improvements | 4,410 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,053 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,359 | ||||
Gross Amount Carried - Land and Improvements | 3,331 | ||||
Gross Amount Carried - Building and Improvements | 5,463 | ||||
Gross Amount Carried - FF&E | 1,409 | ||||
Total | 10,203 | ||||
Accumulated Depreciation | $ (2,759) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Portland Beaverton Eider Court [Member] | OREGON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,856 | ||||
Initial Cost - Building and Improvements | 5,825 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 715 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,021 | ||||
Gross Amount Carried - Land and Improvements | 1,948 | ||||
Gross Amount Carried - Building and Improvements | 6,540 | ||||
Gross Amount Carried - FF&E | 1,065 | ||||
Total | 9,553 | ||||
Accumulated Depreciation | $ (2,425) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Portland Hillsboro [Member] | OREGON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,174 | ||||
Initial Cost - Building and Improvements | 8,101 | ||||
Initial Cost - FF&E | 63 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,262 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,347 | ||||
Gross Amount Carried - Land and Improvements | 4,292 | ||||
Gross Amount Carried - Building and Improvements | 9,363 | ||||
Gross Amount Carried - FF&E | 1,410 | ||||
Total | 15,065 | ||||
Accumulated Depreciation | $ (3,430) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Portland Gresham [Member] | OREGON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,009 | ||||
Initial Cost - Building and Improvements | 2,822 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 209 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 636 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,021 | ||||
Gross Amount Carried - Land and Improvements | 2,218 | ||||
Gross Amount Carried - Building and Improvements | 3,458 | ||||
Gross Amount Carried - FF&E | 1,059 | ||||
Total | 6,735 | ||||
Accumulated Depreciation | $ (1,806) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Portland Tigard [Member] | OREGON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,425 | ||||
Initial Cost - Building and Improvements | 4,456 | ||||
Initial Cost - FF&E | 48 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,882 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,325 | ||||
Gross Amount Carried - Land and Improvements | 3,530 | ||||
Gross Amount Carried - Building and Improvements | 6,338 | ||||
Gross Amount Carried - FF&E | 1,373 | ||||
Total | 11,241 | ||||
Accumulated Depreciation | $ (2,752) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Philadelphia Bensalem [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,408 | ||||
Initial Cost - Building and Improvements | 6,689 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 836 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 886 | ||||
Gross Amount Carried - Land and Improvements | 1,499 | ||||
Gross Amount Carried - Building and Improvements | 7,525 | ||||
Gross Amount Carried - FF&E | 924 | ||||
Total | 9,948 | ||||
Accumulated Depreciation | $ (2,584) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Allentown Bethlehem [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,054 | ||||
Initial Cost - Building and Improvements | 3,922 | ||||
Initial Cost - FF&E | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 28 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 582 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 937 | ||||
Gross Amount Carried - Land and Improvements | 1,082 | ||||
Gross Amount Carried - Building and Improvements | 4,504 | ||||
Gross Amount Carried - FF&E | 1,033 | ||||
Total | 6,619 | ||||
Accumulated Depreciation | $ (1,990) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Pittsburgh Carnegie [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 697 | ||||
Initial Cost - Building and Improvements | 6,689 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 108 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 749 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 909 | ||||
Gross Amount Carried - Land and Improvements | 805 | ||||
Gross Amount Carried - Building and Improvements | 7,438 | ||||
Gross Amount Carried - FF&E | 950 | ||||
Total | 9,193 | ||||
Accumulated Depreciation | $ (2,668) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Philadelphia Exton [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,343 | ||||
Initial Cost - Building and Improvements | 2,198 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 158 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 826 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 904 | ||||
Gross Amount Carried - Land and Improvements | 2,501 | ||||
Gross Amount Carried - Building and Improvements | 3,024 | ||||
Gross Amount Carried - FF&E | 948 | ||||
Total | 6,473 | ||||
Accumulated Depreciation | $ (1,747) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Philadelphia Horsham Dresher Rd [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,691 | ||||
Initial Cost - Building and Improvements | 5,111 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 991 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,209 | ||||
Gross Amount Carried - Land and Improvements | 1,804 | ||||
Gross Amount Carried - Building and Improvements | 6,102 | ||||
Gross Amount Carried - FF&E | 1,258 | ||||
Total | 9,164 | ||||
Accumulated Depreciation | $ (2,838) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Philadelphia Horsham Welsh Rd [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,815 | ||||
Initial Cost - Building and Improvements | 2,708 | ||||
Initial Cost - FF&E | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 825 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 989 | ||||
Gross Amount Carried - Land and Improvements | 1,905 | ||||
Gross Amount Carried - Building and Improvements | 3,533 | ||||
Gross Amount Carried - FF&E | 1,057 | ||||
Total | 6,495 | ||||
Accumulated Depreciation | $ (1,938) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Philadelphia King of Prussia [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,871 | ||||
Initial Cost - Building and Improvements | 7,293 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 189 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,080 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,309 | ||||
Gross Amount Carried - Land and Improvements | 3,060 | ||||
Gross Amount Carried - Building and Improvements | 8,373 | ||||
Gross Amount Carried - FF&E | 1,367 | ||||
Total | 12,800 | ||||
Accumulated Depreciation | $ (3,317) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Philadelphia Malvern Great Valley [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,772 | ||||
Initial Cost - Building and Improvements | 2,699 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 727 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 840 | ||||
Gross Amount Carried - Land and Improvements | 1,861 | ||||
Gross Amount Carried - Building and Improvements | 3,426 | ||||
Gross Amount Carried - FF&E | 884 | ||||
Total | 6,171 | ||||
Accumulated Depreciation | $ (1,774) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Philadelphia Malvern Swedesford Rd [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 78 | ||||
Initial Cost - Building and Improvements | 4,384 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 902 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 912 | ||||
Gross Amount Carried - Land and Improvements | 165 | ||||
Gross Amount Carried - Building and Improvements | 5,286 | ||||
Gross Amount Carried - FF&E | 952 | ||||
Total | 6,403 | ||||
Accumulated Depreciation | $ (3,094) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Pittsburgh Monroeville [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,731 | ||||
Initial Cost - Building and Improvements | 10,487 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 116 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 541 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 865 | ||||
Gross Amount Carried - Land and Improvements | 1,847 | ||||
Gross Amount Carried - Building and Improvements | 11,028 | ||||
Gross Amount Carried - FF&E | 907 | ||||
Total | 13,782 | ||||
Accumulated Depreciation | $ (3,480) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Philadelphia Airport Bartram Ave [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,654 | ||||
Initial Cost - Building and Improvements | 7,808 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 241 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 641 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,201 | ||||
Gross Amount Carried - Land and Improvements | 1,895 | ||||
Gross Amount Carried - Building and Improvements | 8,449 | ||||
Gross Amount Carried - FF&E | 1,253 | ||||
Total | 11,597 | ||||
Accumulated Depreciation | $ (3,082) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Philadelphia Airport Tinicum Blvd [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,610 | ||||
Initial Cost - Building and Improvements | 9,057 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 155 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,094 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,626 | ||||
Gross Amount Carried - Land and Improvements | 1,765 | ||||
Gross Amount Carried - Building and Improvements | 10,151 | ||||
Gross Amount Carried - FF&E | 1,683 | ||||
Total | 13,599 | ||||
Accumulated Depreciation | $ (3,742) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Pittsburgh Airport [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 806 | ||||
Initial Cost - Building and Improvements | 6,583 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 638 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,115 | ||||
Gross Amount Carried - Land and Improvements | 915 | ||||
Gross Amount Carried - Building and Improvements | 7,221 | ||||
Gross Amount Carried - FF&E | 1,168 | ||||
Total | 9,304 | ||||
Accumulated Depreciation | $ (2,565) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Wilkes Barre Hwy Three One Five [Member]. | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 852 | ||||
Initial Cost - Building and Improvements | 3,670 | ||||
Initial Cost - FF&E | 108 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 154 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 528 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 694 | ||||
Gross Amount Carried - Land and Improvements | 1,006 | ||||
Gross Amount Carried - Building and Improvements | 4,198 | ||||
Gross Amount Carried - FF&E | 802 | ||||
Total | 6,006 | ||||
Accumulated Depreciation | $ (1,560) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Philadelphia Plymouth Meeting [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,111 | ||||
Initial Cost - Building and Improvements | 7,505 | ||||
Initial Cost - FF&E | 120 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,059 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,332 | ||||
Gross Amount Carried - Land and Improvements | 1,156 | ||||
Gross Amount Carried - Building and Improvements | 9,564 | ||||
Gross Amount Carried - FF&E | 1,452 | ||||
Total | 12,172 | ||||
Accumulated Depreciation | $ (3,394) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Pittsburgh West Mifflin [Member] | PENNSYLVANIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 885 | ||||
Initial Cost - Building and Improvements | 7,893 | ||||
Initial Cost - FF&E | 95 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 278 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 504 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 763 | ||||
Gross Amount Carried - Land and Improvements | 1,163 | ||||
Gross Amount Carried - Building and Improvements | 8,397 | ||||
Gross Amount Carried - FF&E | 858 | ||||
Total | 10,418 | ||||
Accumulated Depreciation | $ (2,641) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Providence East Providence [Member] | RHODE ISLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,632 | ||||
Initial Cost - Building and Improvements | 6,713 | ||||
Initial Cost - FF&E | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,976 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,432 | ||||
Gross Amount Carried - Land and Improvements | 1,738 | ||||
Gross Amount Carried - Building and Improvements | 9,689 | ||||
Gross Amount Carried - FF&E | 1,502 | ||||
Total | 12,929 | ||||
Accumulated Depreciation | $ (1,704) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Providence Airport [Member] | RHODE ISLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,104 | ||||
Initial Cost - Building and Improvements | 2,403 | ||||
Initial Cost - FF&E | 116 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 91 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 974 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,139 | ||||
Gross Amount Carried - Land and Improvements | 1,195 | ||||
Gross Amount Carried - Building and Improvements | 3,377 | ||||
Gross Amount Carried - FF&E | 1,255 | ||||
Total | 5,827 | ||||
Accumulated Depreciation | $ (1,745) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 44 years | ||||
Providence Warwick [Member] | RHODE ISLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,563 | ||||
Initial Cost - Building and Improvements | 4,097 | ||||
Initial Cost - FF&E | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 139 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 476 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 956 | ||||
Gross Amount Carried - Land and Improvements | 1,702 | ||||
Gross Amount Carried - Building and Improvements | 4,573 | ||||
Gross Amount Carried - FF&E | 1,025 | ||||
Total | 7,300 | ||||
Accumulated Depreciation | $ (1,846) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Providence West Warwick [Member] | RHODE ISLAND | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,245 | ||||
Initial Cost - Building and Improvements | 5,104 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 74 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 590 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 909 | ||||
Gross Amount Carried - Land and Improvements | 1,319 | ||||
Gross Amount Carried - Building and Improvements | 5,694 | ||||
Gross Amount Carried - FF&E | 975 | ||||
Total | 7,988 | ||||
Accumulated Depreciation | $ (1,985) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Columbia Ft Jackson [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,397 | ||||
Initial Cost - Building and Improvements | 4,865 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 644 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,018 | ||||
Gross Amount Carried - Land and Improvements | 1,483 | ||||
Gross Amount Carried - Building and Improvements | 5,509 | ||||
Gross Amount Carried - FF&E | 1,062 | ||||
Total | 8,054 | ||||
Accumulated Depreciation | $ (2,293) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Columbia West Interstate One Two Six [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 896 | ||||
Initial Cost - Building and Improvements | 2,918 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 813 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,067 | ||||
Gross Amount Carried - Land and Improvements | 992 | ||||
Gross Amount Carried - Building and Improvements | 3,731 | ||||
Gross Amount Carried - FF&E | 1,110 | ||||
Total | 5,833 | ||||
Accumulated Depreciation | $ (1,858) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Columbia West Stoneridge Dr [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 554 | ||||
Initial Cost - Building and Improvements | 1,437 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 117 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 498 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 891 | ||||
Gross Amount Carried - Land and Improvements | 671 | ||||
Gross Amount Carried - Building and Improvements | 1,935 | ||||
Gross Amount Carried - FF&E | 924 | ||||
Total | 3,530 | ||||
Accumulated Depreciation | $ (1,142) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 25 years | ||||
Greenville Airport [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 727 | ||||
Initial Cost - Building and Improvements | 3,464 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 542 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,316 | ||||
Gross Amount Carried - Land and Improvements | 767 | ||||
Gross Amount Carried - Building and Improvements | 4,006 | ||||
Gross Amount Carried - FF&E | 1,356 | ||||
Total | 6,129 | ||||
Accumulated Depreciation | $ (1,689) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 36 years | ||||
Greenville Haywood Mall [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 672 | ||||
Initial Cost - Building and Improvements | 1,082 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 470 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,000 | ||||
Gross Amount Carried - Land and Improvements | 772 | ||||
Gross Amount Carried - Building and Improvements | 1,552 | ||||
Gross Amount Carried - FF&E | 1,033 | ||||
Total | 3,357 | ||||
Accumulated Depreciation | $ (1,152) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 25 years | ||||
Greenville - Woodruff Road [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,023 | ||||
Initial Cost - Building and Improvements | 9,105 | ||||
Initial Cost - FF&E | 1,265 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 73 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 276 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | (167) | ||||
Gross Amount Carried - Land and Improvements | 2,018 | ||||
Gross Amount Carried - Building and Improvements | 9,259 | ||||
Gross Amount Carried - FF&E | 1,240 | ||||
Total | 12,517 | ||||
Accumulated Depreciation | $ (74) | ||||
Date Acquired | Sep. 14, 2018 | ||||
Date of Construction | 2,018 | ||||
Depreciable Lives | 40 years | ||||
Columbia Northwest Harbison [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 816 | ||||
Initial Cost - Building and Improvements | 3,607 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 111 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 907 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,302 | ||||
Gross Amount Carried - Land and Improvements | 927 | ||||
Gross Amount Carried - Building and Improvements | 4,514 | ||||
Gross Amount Carried - FF&E | 1,361 | ||||
Total | 6,802 | ||||
Accumulated Depreciation | $ (2,048) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 44 years | ||||
Charleston Mt Pleasant [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,713 | ||||
Initial Cost - Building and Improvements | 5,571 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 659 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,023 | ||||
Gross Amount Carried - Land and Improvements | 1,791 | ||||
Gross Amount Carried - Building and Improvements | 6,230 | ||||
Gross Amount Carried - FF&E | 1,062 | ||||
Total | 9,083 | ||||
Accumulated Depreciation | $ (2,506) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Charleston Northwoods Blvd [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 563 | ||||
Initial Cost - Building and Improvements | 2,087 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 85 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 492 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 950 | ||||
Gross Amount Carried - Land and Improvements | 648 | ||||
Gross Amount Carried - Building and Improvements | 2,579 | ||||
Gross Amount Carried - FF&E | 985 | ||||
Total | 4,212 | ||||
Accumulated Depreciation | $ (1,762) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Charleston Airport [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,580 | ||||
Initial Cost - Building and Improvements | 5,652 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 110 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,653 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,291 | ||||
Gross Amount Carried - Land and Improvements | 1,690 | ||||
Gross Amount Carried - Building and Improvements | 7,305 | ||||
Gross Amount Carried - FF&E | 1,340 | ||||
Total | 10,335 | ||||
Accumulated Depreciation | $ (2,570) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Charleston North Charleston [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,124 | ||||
Initial Cost - Building and Improvements | 4,483 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,144 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,137 | ||||
Gross Amount Carried - Land and Improvements | 1,243 | ||||
Gross Amount Carried - Building and Improvements | 5,627 | ||||
Gross Amount Carried - FF&E | 1,183 | ||||
Total | 8,053 | ||||
Accumulated Depreciation | $ (2,777) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Rock Hill [Member] | SOUTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,397 | ||||
Initial Cost - Building and Improvements | 10,488 | ||||
Initial Cost - FF&E | 1,115 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (5) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 154 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | (25) | ||||
Gross Amount Carried - Land and Improvements | 1,470 | ||||
Gross Amount Carried - Building and Improvements | 10,764 | ||||
Gross Amount Carried - FF&E | 948 | ||||
Total | 13,182 | ||||
Accumulated Depreciation | $ (273) | ||||
Date Acquired | May 30, 2018 | ||||
Date of Construction | 2,017 | ||||
Depreciable Lives | 39 years | ||||
Nashville Brentwood [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 668 | ||||
Initial Cost - Building and Improvements | 1,588 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 274 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 737 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 761 | ||||
Gross Amount Carried - Land and Improvements | 942 | ||||
Gross Amount Carried - Building and Improvements | 2,325 | ||||
Gross Amount Carried - FF&E | 794 | ||||
Total | 4,061 | ||||
Accumulated Depreciation | $ (1,517) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Depreciable Lives | 20 years | ||||
Nashville Brentwood South [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,271 | ||||
Initial Cost - Building and Improvements | 3,746 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 106 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 728 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,050 | ||||
Gross Amount Carried - Land and Improvements | 1,377 | ||||
Gross Amount Carried - Building and Improvements | 4,474 | ||||
Gross Amount Carried - FF&E | 1,094 | ||||
Total | 6,945 | ||||
Accumulated Depreciation | $ (2,173) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Chattanooga Airport [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,045 | ||||
Initial Cost - Building and Improvements | 3,840 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,166 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,071 | ||||
Gross Amount Carried - Land and Improvements | 1,117 | ||||
Gross Amount Carried - Building and Improvements | 5,006 | ||||
Gross Amount Carried - FF&E | 1,115 | ||||
Total | 7,238 | ||||
Accumulated Depreciation | $ (1,936) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Nashville Franklin Cool Springs [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,898 | ||||
Initial Cost - Building and Improvements | 3,263 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,054 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,217 | ||||
Gross Amount Carried - Land and Improvements | 2,002 | ||||
Gross Amount Carried - Building and Improvements | 4,317 | ||||
Gross Amount Carried - FF&E | 1,263 | ||||
Total | 7,582 | ||||
Accumulated Depreciation | $ (2,149) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Knoxville Cedar Bluff [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 768 | ||||
Initial Cost - Building and Improvements | 3,224 | ||||
Initial Cost - FF&E | 36 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 732 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 819 | ||||
Gross Amount Carried - Land and Improvements | 827 | ||||
Gross Amount Carried - Building and Improvements | 3,956 | ||||
Gross Amount Carried - FF&E | 855 | ||||
Total | 5,638 | ||||
Accumulated Depreciation | $ (1,631) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Knoxville West Hills [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 570 | ||||
Initial Cost - Building and Improvements | 1,826 | ||||
Initial Cost - FF&E | 29 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 525 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 881 | ||||
Gross Amount Carried - Land and Improvements | 624 | ||||
Gross Amount Carried - Building and Improvements | 2,351 | ||||
Gross Amount Carried - FF&E | 910 | ||||
Total | 3,885 | ||||
Accumulated Depreciation | $ (1,229) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Depreciable Lives | 30 years | ||||
Memphis Airport [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 329 | ||||
Initial Cost - Building and Improvements | 1,900 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 947 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,175 | ||||
Gross Amount Carried - Land and Improvements | 389 | ||||
Gross Amount Carried - Building and Improvements | 2,847 | ||||
Gross Amount Carried - FF&E | 1,241 | ||||
Total | 4,477 | ||||
Accumulated Depreciation | $ (1,657) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Memphis Apple Tree [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,052 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 29 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 878 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 945 | ||||
Gross Amount Carried - Land and Improvements | 1,148 | ||||
Gross Amount Carried - Building and Improvements | 878 | ||||
Gross Amount Carried - FF&E | 974 | ||||
Total | 3,000 | ||||
Accumulated Depreciation | $ (913) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,990 | ||||
Memphis Cordova [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 736 | ||||
Initial Cost - Building and Improvements | 1,937 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 797 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,000 | ||||
Gross Amount Carried - Land and Improvements | 793 | ||||
Gross Amount Carried - Building and Improvements | 2,734 | ||||
Gross Amount Carried - FF&E | 1,034 | ||||
Total | 4,561 | ||||
Accumulated Depreciation | $ (1,495) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 26 years | ||||
Memphis Mt Moriah [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 827 | ||||
Initial Cost - Building and Improvements | 1,670 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 163 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,233 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,147 | ||||
Gross Amount Carried - Land and Improvements | 990 | ||||
Gross Amount Carried - Building and Improvements | 2,903 | ||||
Gross Amount Carried - FF&E | 1,192 | ||||
Total | 5,085 | ||||
Accumulated Depreciation | $ (1,455) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Memphis Germantown [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,445 | ||||
Initial Cost - Building and Improvements | 4,416 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 712 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,303 | ||||
Gross Amount Carried - Land and Improvements | 1,558 | ||||
Gross Amount Carried - Building and Improvements | 5,128 | ||||
Gross Amount Carried - FF&E | 1,363 | ||||
Total | 8,049 | ||||
Accumulated Depreciation | $ (2,349) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Memphis Germantown West [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 849 | ||||
Initial Cost - Building and Improvements | 3,071 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 625 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 967 | ||||
Gross Amount Carried - Land and Improvements | 908 | ||||
Gross Amount Carried - Building and Improvements | 3,696 | ||||
Gross Amount Carried - FF&E | 1,009 | ||||
Total | 5,613 | ||||
Accumulated Depreciation | $ (1,749) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Memphis Wolfchase Galleria [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,137 | ||||
Initial Cost - Building and Improvements | 5,177 | ||||
Initial Cost - FF&E | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 688 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,333 | ||||
Gross Amount Carried - Land and Improvements | 1,227 | ||||
Gross Amount Carried - Building and Improvements | 5,865 | ||||
Gross Amount Carried - FF&E | 1,408 | ||||
Total | 8,500 | ||||
Accumulated Depreciation | $ (2,329) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 41 years | ||||
Nashville Airport [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,033 | ||||
Initial Cost - Building and Improvements | 3,649 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 119 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 758 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,003 | ||||
Gross Amount Carried - Land and Improvements | 1,152 | ||||
Gross Amount Carried - Building and Improvements | 4,407 | ||||
Gross Amount Carried - FF&E | 1,045 | ||||
Total | 6,604 | ||||
Accumulated Depreciation | $ (2,005) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Nashville Airport Elm Hill Pike [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 812 | ||||
Initial Cost - Building and Improvements | 1,543 | ||||
Initial Cost - FF&E | 33 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 293 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 677 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 840 | ||||
Gross Amount Carried - Land and Improvements | 1,105 | ||||
Gross Amount Carried - Building and Improvements | 2,220 | ||||
Gross Amount Carried - FF&E | 873 | ||||
Total | 4,198 | ||||
Accumulated Depreciation | $ (1,437) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,993 | ||||
Depreciable Lives | 23 years | ||||
Nashville Airport Music City [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,779 | ||||
Initial Cost - Building and Improvements | 2,379 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 113 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 874 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,395 | ||||
Gross Amount Carried - Land and Improvements | 2,892 | ||||
Gross Amount Carried - Building and Improvements | 3,253 | ||||
Gross Amount Carried - FF&E | 1,451 | ||||
Total | 7,596 | ||||
Accumulated Depreciation | $ (1,873) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Nashville Vanderbilt [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,918 | ||||
Initial Cost - Building and Improvements | 9,993 | ||||
Initial Cost - FF&E | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 188 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,087 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,106 | ||||
Gross Amount Carried - Land and Improvements | 2,106 | ||||
Gross Amount Carried - Building and Improvements | 12,080 | ||||
Gross Amount Carried - FF&E | 2,184 | ||||
Total | 16,370 | ||||
Accumulated Depreciation | $ (3,297) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Austin Round Rock South [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 676 | ||||
Initial Cost - Building and Improvements | 3,755 | ||||
Initial Cost - FF&E | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 676 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 929 | ||||
Gross Amount Carried - Land and Improvements | 737 | ||||
Gross Amount Carried - Building and Improvements | 4,431 | ||||
Gross Amount Carried - FF&E | 1,025 | ||||
Total | 6,193 | ||||
Accumulated Depreciation | $ (2,061) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Austin Arboretum Capital of Texas Hwy [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 734 | ||||
Initial Cost - Building and Improvements | 4,455 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 871 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 842 | ||||
Gross Amount Carried - Land and Improvements | 810 | ||||
Gross Amount Carried - Building and Improvements | 5,326 | ||||
Gross Amount Carried - FF&E | 885 | ||||
Total | 7,021 | ||||
Accumulated Depreciation | $ (2,197) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Austin Arboretum North [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,080 | ||||
Initial Cost - Building and Improvements | 5,322 | ||||
Initial Cost - FF&E | 56 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 907 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,546 | ||||
Gross Amount Carried - Land and Improvements | 1,203 | ||||
Gross Amount Carried - Building and Improvements | 6,229 | ||||
Gross Amount Carried - FF&E | 1,602 | ||||
Total | 9,034 | ||||
Accumulated Depreciation | $ (2,898) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Austin Arboretum South [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,059 | ||||
Initial Cost - Building and Improvements | 2,857 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,070 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,450 | ||||
Gross Amount Carried - Land and Improvements | 1,149 | ||||
Gross Amount Carried - Building and Improvements | 3,927 | ||||
Gross Amount Carried - FF&E | 1,494 | ||||
Total | 6,570 | ||||
Accumulated Depreciation | $ (2,520) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 30 years | ||||
Austin Downtown Town Lake [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,043 | ||||
Initial Cost - Building and Improvements | 11,933 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 121 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,220 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,765 | ||||
Gross Amount Carried - Land and Improvements | 3,164 | ||||
Gross Amount Carried - Building and Improvements | 13,153 | ||||
Gross Amount Carried - FF&E | 1,823 | ||||
Total | 18,140 | ||||
Accumulated Depreciation | $ (4,493) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Austin Metro [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 677 | ||||
Initial Cost - Building and Improvements | 1,768 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 434 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,018 | ||||
Gross Amount Carried - Land and Improvements | 741 | ||||
Gross Amount Carried - Building and Improvements | 2,202 | ||||
Gross Amount Carried - FF&E | 1,071 | ||||
Total | 4,014 | ||||
Accumulated Depreciation | $ (1,226) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 41 years | ||||
Austin North Central [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,711 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 123 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,477 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,682 | ||||
Gross Amount Carried - Land and Improvements | 1,834 | ||||
Gross Amount Carried - Building and Improvements | 1,477 | ||||
Gross Amount Carried - FF&E | 1,740 | ||||
Total | 5,051 | ||||
Accumulated Depreciation | $ (1,593) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Austin Northwest Lakeline Mall [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 601 | ||||
Initial Cost - Building and Improvements | 2,842 | ||||
Initial Cost - FF&E | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 495 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,110 | ||||
Gross Amount Carried - Land and Improvements | 684 | ||||
Gross Amount Carried - Building and Improvements | 3,337 | ||||
Gross Amount Carried - FF&E | 1,185 | ||||
Total | 5,206 | ||||
Accumulated Depreciation | $ (1,779) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Austin Northwest Research Park [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,028 | ||||
Initial Cost - Building and Improvements | 5,422 | ||||
Initial Cost - FF&E | 59 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,549 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,605 | ||||
Gross Amount Carried - Land and Improvements | 1,165 | ||||
Gross Amount Carried - Building and Improvements | 6,971 | ||||
Gross Amount Carried - FF&E | 1,664 | ||||
Total | 9,800 | ||||
Accumulated Depreciation | $ (3,237) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 41 years | ||||
Austin Round Rock North [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 604 | ||||
Initial Cost - Building and Improvements | 3,676 | ||||
Initial Cost - FF&E | 50 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 167 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,012 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,202 | ||||
Gross Amount Carried - Land and Improvements | 771 | ||||
Gross Amount Carried - Building and Improvements | 4,688 | ||||
Gross Amount Carried - FF&E | 1,252 | ||||
Total | 6,711 | ||||
Accumulated Depreciation | $ (2,339) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 28 years | ||||
Austin Southwest [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,628 | ||||
Initial Cost - Building and Improvements | 3,811 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 724 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,075 | ||||
Gross Amount Carried - Land and Improvements | 4,699 | ||||
Gross Amount Carried - Building and Improvements | 4,535 | ||||
Gross Amount Carried - FF&E | 1,159 | ||||
Total | 10,393 | ||||
Accumulated Depreciation | $ (2,157) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Dallas Bedford [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 540 | ||||
Initial Cost - Building and Improvements | 2,600 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 101 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 621 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,044 | ||||
Gross Amount Carried - Land and Improvements | 641 | ||||
Gross Amount Carried - Building and Improvements | 3,221 | ||||
Gross Amount Carried - FF&E | 1,097 | ||||
Total | 4,959 | ||||
Accumulated Depreciation | $ (1,378) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 41 years | ||||
Dallas Coit Road [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 555 | ||||
Initial Cost - Building and Improvements | 1,430 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,051 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,232 | ||||
Gross Amount Carried - Land and Improvements | 689 | ||||
Gross Amount Carried - Building and Improvements | 2,481 | ||||
Gross Amount Carried - FF&E | 1,274 | ||||
Total | 4,444 | ||||
Accumulated Depreciation | $ (1,557) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,994 | ||||
Depreciable Lives | 29 years | ||||
Dallas Frankford Road [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 891 | ||||
Initial Cost - Building and Improvements | 1,301 | ||||
Initial Cost - FF&E | 131 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 96 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,811 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,529 | ||||
Gross Amount Carried - Land and Improvements | 987 | ||||
Gross Amount Carried - Building and Improvements | 3,112 | ||||
Gross Amount Carried - FF&E | 1,660 | ||||
Total | 5,759 | ||||
Accumulated Depreciation | $ (2,179) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Dallas Market Center [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 748 | ||||
Initial Cost - Building and Improvements | 4,625 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 521 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,092 | ||||
Gross Amount Carried - Land and Improvements | 837 | ||||
Gross Amount Carried - Building and Improvements | 5,146 | ||||
Gross Amount Carried - FF&E | 1,163 | ||||
Total | 7,146 | ||||
Accumulated Depreciation | $ (1,945) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 39 years | ||||
Dallas Farmers Branch [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 511 | ||||
Initial Cost - Building and Improvements | 1,451 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 475 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,093 | ||||
Gross Amount Carried - Land and Improvements | 582 | ||||
Gross Amount Carried - Building and Improvements | 1,926 | ||||
Gross Amount Carried - FF&E | 1,131 | ||||
Total | 3,639 | ||||
Accumulated Depreciation | $ (1,254) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 28 years | ||||
Houston Galleria Uptown [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 890 | ||||
Initial Cost - Building and Improvements | 9,696 | ||||
Initial Cost - FF&E | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,179 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,336 | ||||
Gross Amount Carried - Land and Improvements | 951 | ||||
Gross Amount Carried - Building and Improvements | 10,875 | ||||
Gross Amount Carried - FF&E | 1,402 | ||||
Total | 13,228 | ||||
Accumulated Depreciation | $ (3,916) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Houston Galleria Westheimer [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 729 | ||||
Initial Cost - Building and Improvements | 9,020 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 763 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,005 | ||||
Gross Amount Carried - Land and Improvements | 795 | ||||
Gross Amount Carried - Building and Improvements | 9,783 | ||||
Gross Amount Carried - FF&E | 1,050 | ||||
Total | 11,628 | ||||
Accumulated Depreciation | $ (3,324) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Houston Greenspoint [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 381 | ||||
Initial Cost - Building and Improvements | 840 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 151 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 567 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,087 | ||||
Gross Amount Carried - Land and Improvements | 532 | ||||
Gross Amount Carried - Building and Improvements | 1,407 | ||||
Gross Amount Carried - FF&E | 1,126 | ||||
Total | 3,065 | ||||
Accumulated Depreciation | $ (1,660) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 28 years | ||||
Houston Medical Center Greenway Plaza [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 603 | ||||
Initial Cost - Building and Improvements | 8,266 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 157 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,051 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,125 | ||||
Gross Amount Carried - Land and Improvements | 760 | ||||
Gross Amount Carried - Building and Improvements | 9,317 | ||||
Gross Amount Carried - FF&E | 1,171 | ||||
Total | 11,248 | ||||
Accumulated Depreciation | $ (3,279) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Houston Katy Frwy Beltway Eight [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 304 | ||||
Initial Cost - Building and Improvements | 2,701 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 725 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,015 | ||||
Gross Amount Carried - Land and Improvements | 380 | ||||
Gross Amount Carried - Building and Improvements | 3,426 | ||||
Gross Amount Carried - FF&E | 1,059 | ||||
Total | 4,865 | ||||
Accumulated Depreciation | $ (1,933) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Houston Medical Center NRG Park Braeswood Blvd [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 998 | ||||
Initial Cost - Building and Improvements | 10,111 | ||||
Initial Cost - FF&E | 122 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 133 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,995 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,855 | ||||
Gross Amount Carried - Land and Improvements | 1,131 | ||||
Gross Amount Carried - Building and Improvements | 12,106 | ||||
Gross Amount Carried - FF&E | 1,977 | ||||
Total | 15,214 | ||||
Accumulated Depreciation | $ (4,211) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 38 years | ||||
Houston Medical Center NRG Park Fannin St [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,311 | ||||
Initial Cost - Building and Improvements | 7,833 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 162 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,435 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,713 | ||||
Gross Amount Carried - Land and Improvements | 1,473 | ||||
Gross Amount Carried - Building and Improvements | 9,268 | ||||
Gross Amount Carried - FF&E | 1,766 | ||||
Total | 12,507 | ||||
Accumulated Depreciation | $ (4,358) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 30 years | ||||
Houston Medical Center NRG Park Kirby [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 544 | ||||
Initial Cost - Building and Improvements | 5,470 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 114 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 770 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,098 | ||||
Gross Amount Carried - Land and Improvements | 658 | ||||
Gross Amount Carried - Building and Improvements | 6,240 | ||||
Gross Amount Carried - FF&E | 1,158 | ||||
Total | 8,056 | ||||
Accumulated Depreciation | $ (2,147) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 39 years | ||||
Houston NASA Johnson Space Center [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 535 | ||||
Initial Cost - Building and Improvements | 4,068 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 135 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,304 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,112 | ||||
Gross Amount Carried - Land and Improvements | 670 | ||||
Gross Amount Carried - Building and Improvements | 5,372 | ||||
Gross Amount Carried - FF&E | 1,156 | ||||
Total | 7,198 | ||||
Accumulated Depreciation | $ (2,075) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Houston Sugarland [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,882 | ||||
Initial Cost - Building and Improvements | 5,904 | ||||
Initial Cost - FF&E | 549 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 10 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 989 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,002 | ||||
Gross Amount Carried - Land and Improvements | 1,892 | ||||
Gross Amount Carried - Building and Improvements | 6,893 | ||||
Gross Amount Carried - FF&E | 1,551 | ||||
Total | 10,336 | ||||
Accumulated Depreciation | $ (2,492) | ||||
Date Acquired | Dec. 31, 2013 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Houston Willowbrook HWY Two Four Nine [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 329 | ||||
Initial Cost - Building and Improvements | 3,432 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 959 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 976 | ||||
Gross Amount Carried - Land and Improvements | 397 | ||||
Gross Amount Carried - Building and Improvements | 4,391 | ||||
Gross Amount Carried - FF&E | 1,014 | ||||
Total | 5,802 | ||||
Accumulated Depreciation | $ (1,863) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Dallas DFW Airport N [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 698 | ||||
Initial Cost - Building and Improvements | 1,510 | ||||
Initial Cost - FF&E | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 103 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,156 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,385 | ||||
Gross Amount Carried - Land and Improvements | 801 | ||||
Gross Amount Carried - Building and Improvements | 2,666 | ||||
Gross Amount Carried - FF&E | 1,515 | ||||
Total | 4,982 | ||||
Accumulated Depreciation | $ (1,668) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Dallas Las Colinas Carnaby St [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,220 | ||||
Initial Cost - Building and Improvements | 3,061 | ||||
Initial Cost - FF&E | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 153 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 942 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,166 | ||||
Gross Amount Carried - Land and Improvements | 1,373 | ||||
Gross Amount Carried - Building and Improvements | 4,003 | ||||
Gross Amount Carried - FF&E | 1,217 | ||||
Total | 6,593 | ||||
Accumulated Depreciation | $ (1,744) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Dallas Las Colinas Green Park Dr [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 875 | ||||
Initial Cost - Building and Improvements | 2,338 | ||||
Initial Cost - FF&E | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 926 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,188 | ||||
Gross Amount Carried - Land and Improvements | 965 | ||||
Gross Amount Carried - Building and Improvements | 3,264 | ||||
Gross Amount Carried - FF&E | 1,286 | ||||
Total | 5,515 | ||||
Accumulated Depreciation | $ (1,889) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 43 years | ||||
Dallas Las Colinas Meadow Creek Dr [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 844 | ||||
Initial Cost - Building and Improvements | 3,605 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 124 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 448 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,342 | ||||
Gross Amount Carried - Land and Improvements | 968 | ||||
Gross Amount Carried - Building and Improvements | 4,053 | ||||
Gross Amount Carried - FF&E | 1,426 | ||||
Total | 6,447 | ||||
Accumulated Depreciation | $ (1,906) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Dallas Lewisville [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 564 | ||||
Initial Cost - Building and Improvements | 1,020 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 846 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,003 | ||||
Gross Amount Carried - Land and Improvements | 647 | ||||
Gross Amount Carried - Building and Improvements | 1,866 | ||||
Gross Amount Carried - FF&E | 1,041 | ||||
Total | 3,554 | ||||
Accumulated Depreciation | $ (1,266) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Dallas Plano [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 735 | ||||
Initial Cost - Building and Improvements | 4,386 | ||||
Initial Cost - FF&E | 90 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 93 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,258 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,627 | ||||
Gross Amount Carried - Land and Improvements | 828 | ||||
Gross Amount Carried - Building and Improvements | 5,644 | ||||
Gross Amount Carried - FF&E | 1,717 | ||||
Total | 8,189 | ||||
Accumulated Depreciation | $ (2,593) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 41 years | ||||
Dallas Richardson [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,014 | ||||
Initial Cost - Building and Improvements | 5,535 | ||||
Initial Cost - FF&E | 144 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 112 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,145 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 2,115 | ||||
Gross Amount Carried - Land and Improvements | 1,126 | ||||
Gross Amount Carried - Building and Improvements | 6,680 | ||||
Gross Amount Carried - FF&E | 2,259 | ||||
Total | 10,065 | ||||
Accumulated Depreciation | $ (3,089) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
San Antonio Airport [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,443 | ||||
Initial Cost - Building and Improvements | 4,710 | ||||
Initial Cost - FF&E | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,368 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,373 | ||||
Gross Amount Carried - Land and Improvements | 1,485 | ||||
Gross Amount Carried - Building and Improvements | 6,078 | ||||
Gross Amount Carried - FF&E | 1,426 | ||||
Total | 8,989 | ||||
Accumulated Depreciation | $ (2,307) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,995 | ||||
Depreciable Lives | 30 years | ||||
San Antonio Colonnade [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 865 | ||||
Initial Cost - Building and Improvements | 5,060 | ||||
Initial Cost - FF&E | 52 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 83 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 635 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,005 | ||||
Gross Amount Carried - Land and Improvements | 948 | ||||
Gross Amount Carried - Building and Improvements | 5,695 | ||||
Gross Amount Carried - FF&E | 1,057 | ||||
Total | 7,700 | ||||
Accumulated Depreciation | $ (2,027) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Houston The Woodlands [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 455 | ||||
Initial Cost - Building and Improvements | 5,700 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,078 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,174 | ||||
Gross Amount Carried - Land and Improvements | 525 | ||||
Gross Amount Carried - Building and Improvements | 6,778 | ||||
Gross Amount Carried - FF&E | 1,229 | ||||
Total | 8,532 | ||||
Accumulated Depreciation | $ (3,366) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 26 years | ||||
Houston Stafford [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 389 | ||||
Initial Cost - Building and Improvements | 1,774 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 98 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 805 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 961 | ||||
Gross Amount Carried - Land and Improvements | 487 | ||||
Gross Amount Carried - Building and Improvements | 2,579 | ||||
Gross Amount Carried - FF&E | 996 | ||||
Total | 4,062 | ||||
Accumulated Depreciation | $ (1,316) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 34 years | ||||
Houston NASA Bay Area Blvd [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 516 | ||||
Initial Cost - Building and Improvements | 5,301 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 68 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 851 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,054 | ||||
Gross Amount Carried - Land and Improvements | 584 | ||||
Gross Amount Carried - Building and Improvements | 6,152 | ||||
Gross Amount Carried - FF&E | 1,099 | ||||
Total | 7,835 | ||||
Accumulated Depreciation | $ (2,135) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 40 years | ||||
Salt Lake City Union Park [Member] | UTAH | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,236 | ||||
Initial Cost - Building and Improvements | 4,122 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 884 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,299 | ||||
Gross Amount Carried - Land and Improvements | 1,318 | ||||
Gross Amount Carried - Building and Improvements | 5,006 | ||||
Gross Amount Carried - FF&E | 1,346 | ||||
Total | 7,670 | ||||
Accumulated Depreciation | $ (2,498) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Salt Lake City Sugar House [Member] | UTAH | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,166 | ||||
Initial Cost - Building and Improvements | 7,029 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 161 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 946 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,139 | ||||
Gross Amount Carried - Land and Improvements | 2,327 | ||||
Gross Amount Carried - Building and Improvements | 7,975 | ||||
Gross Amount Carried - FF&E | 1,178 | ||||
Total | 11,480 | ||||
Accumulated Depreciation | $ (3,126) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Salt Lake City Sandy [Member] | UTAH | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 977 | ||||
Initial Cost - Building and Improvements | 3,949 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 153 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 839 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,161 | ||||
Gross Amount Carried - Land and Improvements | 1,130 | ||||
Gross Amount Carried - Building and Improvements | 4,788 | ||||
Gross Amount Carried - FF&E | 1,206 | ||||
Total | 7,124 | ||||
Accumulated Depreciation | $ (2,215) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Salt Lake City West Valley Center [Member] | UTAH | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,183 | ||||
Initial Cost - Building and Improvements | 3,592 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 142 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 582 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,144 | ||||
Gross Amount Carried - Land and Improvements | 1,325 | ||||
Gross Amount Carried - Building and Improvements | 4,174 | ||||
Gross Amount Carried - FF&E | 1,187 | ||||
Total | 6,686 | ||||
Accumulated Depreciation | $ (2,135) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Washington DC Alexandria Landmark [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,627 | ||||
Initial Cost - Building and Improvements | 10,696 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 610 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,097 | ||||
Gross Amount Carried - Land and Improvements | 3,745 | ||||
Gross Amount Carried - Building and Improvements | 11,306 | ||||
Gross Amount Carried - FF&E | 1,141 | ||||
Total | 16,192 | ||||
Accumulated Depreciation | $ (3,667) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Alexandria Eisenhower Ave [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,147 | ||||
Initial Cost - Building and Improvements | 14,424 | ||||
Initial Cost - FF&E | 60 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 75 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,020 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,593 | ||||
Gross Amount Carried - Land and Improvements | 5,222 | ||||
Gross Amount Carried - Building and Improvements | 15,444 | ||||
Gross Amount Carried - FF&E | 1,653 | ||||
Total | 22,319 | ||||
Accumulated Depreciation | $ (4,770) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Centreville Manassas [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,542 | ||||
Initial Cost - Building and Improvements | 4,922 | ||||
Initial Cost - FF&E | 105 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 599 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 906 | ||||
Gross Amount Carried - Land and Improvements | 1,613 | ||||
Gross Amount Carried - Building and Improvements | 5,521 | ||||
Gross Amount Carried - FF&E | 1,011 | ||||
Total | 8,145 | ||||
Accumulated Depreciation | $ (2,217) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Washington DC Chantilly [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,655 | ||||
Initial Cost - Building and Improvements | 3,015 | ||||
Initial Cost - FF&E | 511 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 144 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,152 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 724 | ||||
Gross Amount Carried - Land and Improvements | 2,799 | ||||
Gross Amount Carried - Building and Improvements | 4,167 | ||||
Gross Amount Carried - FF&E | 1,235 | ||||
Total | 8,201 | ||||
Accumulated Depreciation | $ (2,402) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 22 years | ||||
Washington DC Chantilly Airport [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,402 | ||||
Initial Cost - Building and Improvements | 3,390 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 7 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 725 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 877 | ||||
Gross Amount Carried - Land and Improvements | 1,409 | ||||
Gross Amount Carried - Building and Improvements | 4,115 | ||||
Gross Amount Carried - FF&E | 917 | ||||
Total | 6,441 | ||||
Accumulated Depreciation | $ (2,020) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Washington DC Chantilly Dulles South [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,166 | ||||
Initial Cost - Building and Improvements | 5,159 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 610 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 854 | ||||
Gross Amount Carried - Land and Improvements | 1,258 | ||||
Gross Amount Carried - Building and Improvements | 5,769 | ||||
Gross Amount Carried - FF&E | 900 | ||||
Total | 7,927 | ||||
Accumulated Depreciation | $ (2,273) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Chesapeake Churchland Blvd [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 647 | ||||
Initial Cost - Building and Improvements | 2,762 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 475 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 964 | ||||
Gross Amount Carried - Land and Improvements | 690 | ||||
Gross Amount Carried - Building and Improvements | 3,237 | ||||
Gross Amount Carried - FF&E | 1,021 | ||||
Total | 4,948 | ||||
Accumulated Depreciation | $ (1,387) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 42 years | ||||
Chesapeake Crossways Blvd [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,171 | ||||
Initial Cost - Building and Improvements | 4,773 | ||||
Initial Cost - FF&E | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 156 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 858 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,202 | ||||
Gross Amount Carried - Land and Improvements | 1,327 | ||||
Gross Amount Carried - Building and Improvements | 5,631 | ||||
Gross Amount Carried - FF&E | 1,249 | ||||
Total | 8,207 | ||||
Accumulated Depreciation | $ (2,536) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 32 years | ||||
Chesapeake Greenbrier Circle [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 807 | ||||
Initial Cost - Building and Improvements | 5,349 | ||||
Initial Cost - FF&E | 109 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 76 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 542 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 933 | ||||
Gross Amount Carried - Land and Improvements | 883 | ||||
Gross Amount Carried - Building and Improvements | 5,891 | ||||
Gross Amount Carried - FF&E | 1,042 | ||||
Total | 7,816 | ||||
Accumulated Depreciation | $ (2,066) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,005 | ||||
Depreciable Lives | 44 years | ||||
Washington DC Fairfax [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,799 | ||||
Initial Cost - Building and Improvements | 3,734 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 118 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 838 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 948 | ||||
Gross Amount Carried - Land and Improvements | 1,917 | ||||
Gross Amount Carried - Building and Improvements | 4,572 | ||||
Gross Amount Carried - FF&E | 997 | ||||
Total | 7,486 | ||||
Accumulated Depreciation | $ (2,213) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Washington DC Fairfax Fair Oaks Mall [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 936 | ||||
Initial Cost - Building and Improvements | 5,713 | ||||
Initial Cost - FF&E | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 61 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 578 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,009 | ||||
Gross Amount Carried - Land and Improvements | 997 | ||||
Gross Amount Carried - Building and Improvements | 6,291 | ||||
Gross Amount Carried - FF&E | 1,070 | ||||
Total | 8,358 | ||||
Accumulated Depreciation | $ (2,370) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,000 | ||||
Depreciable Lives | 40 years | ||||
Washington DC Fairfax Fair Oaks [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,167 | ||||
Initial Cost - Building and Improvements | 4,053 | ||||
Initial Cost - FF&E | 693 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 187 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 932 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 612 | ||||
Gross Amount Carried - Land and Improvements | 4,354 | ||||
Gross Amount Carried - Building and Improvements | 4,985 | ||||
Gross Amount Carried - FF&E | 1,305 | ||||
Total | 10,644 | ||||
Accumulated Depreciation | $ (2,941) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 26 years | ||||
Washington DC Falls Church Merrifield [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,389 | ||||
Initial Cost - Building and Improvements | 6,653 | ||||
Initial Cost - FF&E | 910 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 253 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 840 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 511 | ||||
Gross Amount Carried - Land and Improvements | 4,642 | ||||
Gross Amount Carried - Building and Improvements | 7,493 | ||||
Gross Amount Carried - FF&E | 1,421 | ||||
Total | 13,556 | ||||
Accumulated Depreciation | $ (3,294) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Richmond Innsbrook [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,069 | ||||
Initial Cost - Building and Improvements | 1,991 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 92 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 588 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,047 | ||||
Gross Amount Carried - Land and Improvements | 1,161 | ||||
Gross Amount Carried - Building and Improvements | 2,579 | ||||
Gross Amount Carried - FF&E | 1,092 | ||||
Total | 4,832 | ||||
Accumulated Depreciation | $ (1,590) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Richmond West End I-64 [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,999 | ||||
Initial Cost - Building and Improvements | 2,496 | ||||
Initial Cost - FF&E | 501 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 709 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 795 | ||||
Gross Amount Carried - Land and Improvements | 2,076 | ||||
Gross Amount Carried - Building and Improvements | 3,205 | ||||
Gross Amount Carried - FF&E | 1,296 | ||||
Total | 6,577 | ||||
Accumulated Depreciation | $ (2,148) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 19 years | ||||
Hampton Coliseum [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,049 | ||||
Initial Cost - Building and Improvements | 2,120 | ||||
Initial Cost - FF&E | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 458 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,114 | ||||
Gross Amount Carried - Land and Improvements | 1,131 | ||||
Gross Amount Carried - Building and Improvements | 2,578 | ||||
Gross Amount Carried - FF&E | 1,211 | ||||
Total | 4,920 | ||||
Accumulated Depreciation | $ (1,644) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Washington DC Herndon Dulles [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,159 | ||||
Initial Cost - Building and Improvements | 5,808 | ||||
Initial Cost - FF&E | 150 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 53 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 332 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 894 | ||||
Gross Amount Carried - Land and Improvements | 1,212 | ||||
Gross Amount Carried - Building and Improvements | 6,140 | ||||
Gross Amount Carried - FF&E | 1,044 | ||||
Total | 8,396 | ||||
Accumulated Depreciation | $ (2,260) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,005 | ||||
Depreciable Lives | 45 years | ||||
Lynchburg University Blvd [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,259 | ||||
Initial Cost - Building and Improvements | 4,899 | ||||
Initial Cost - FF&E | 94 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 103 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 427 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,011 | ||||
Gross Amount Carried - Land and Improvements | 1,362 | ||||
Gross Amount Carried - Building and Improvements | 5,326 | ||||
Gross Amount Carried - FF&E | 1,105 | ||||
Total | 7,793 | ||||
Accumulated Depreciation | $ (2,142) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,003 | ||||
Depreciable Lives | 43 years | ||||
Newport News I Six Four Jefferson Avenue [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 982 | ||||
Initial Cost - Building and Improvements | 2,655 | ||||
Initial Cost - FF&E | 34 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 494 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 931 | ||||
Gross Amount Carried - Land and Improvements | 1,046 | ||||
Gross Amount Carried - Building and Improvements | 3,149 | ||||
Gross Amount Carried - FF&E | 965 | ||||
Total | 5,160 | ||||
Accumulated Depreciation | $ (1,643) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 27 years | ||||
Newport News Oyster Point [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 688 | ||||
Initial Cost - Building and Improvements | 2,950 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 878 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,152 | ||||
Gross Amount Carried - Land and Improvements | 754 | ||||
Gross Amount Carried - Building and Improvements | 3,828 | ||||
Gross Amount Carried - FF&E | 1,196 | ||||
Total | 5,778 | ||||
Accumulated Depreciation | $ (1,716) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 32 years | ||||
Washington DC Reston [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 5,766 | ||||
Initial Cost - Building and Improvements | 7,250 | ||||
Initial Cost - FF&E | 795 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 188 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 836 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 595 | ||||
Gross Amount Carried - Land and Improvements | 5,954 | ||||
Gross Amount Carried - Building and Improvements | 8,086 | ||||
Gross Amount Carried - FF&E | 1,390 | ||||
Total | 15,430 | ||||
Accumulated Depreciation | $ (3,299) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 34 years | ||||
North Chesterfield Arboretum [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,368 | ||||
Initial Cost - Building and Improvements | 3,745 | ||||
Initial Cost - FF&E | 45 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 51 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 703 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,305 | ||||
Gross Amount Carried - Land and Improvements | 1,419 | ||||
Gross Amount Carried - Building and Improvements | 4,448 | ||||
Gross Amount Carried - FF&E | 1,350 | ||||
Total | 7,217 | ||||
Accumulated Depreciation | $ (1,875) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Richmond W Broad Street Glenside North [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,008 | ||||
Initial Cost - Building and Improvements | 4,037 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 496 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 966 | ||||
Gross Amount Carried - Land and Improvements | 1,065 | ||||
Gross Amount Carried - Building and Improvements | 4,533 | ||||
Gross Amount Carried - FF&E | 1,021 | ||||
Total | 6,619 | ||||
Accumulated Depreciation | $ (1,544) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Richmond W Broad Street Glenside South [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 660 | ||||
Initial Cost - Building and Improvements | 1,677 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,666 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 994 | ||||
Gross Amount Carried - Land and Improvements | 749 | ||||
Gross Amount Carried - Building and Improvements | 3,343 | ||||
Gross Amount Carried - FF&E | 1,033 | ||||
Total | 5,125 | ||||
Accumulated Depreciation | $ (1,577) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Roanoke Airport [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 844 | ||||
Initial Cost - Building and Improvements | 1,949 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 618 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 804 | ||||
Gross Amount Carried - Land and Improvements | 890 | ||||
Gross Amount Carried - Building and Improvements | 2,567 | ||||
Gross Amount Carried - FF&E | 839 | ||||
Total | 4,296 | ||||
Accumulated Depreciation | $ (1,213) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 34 years | ||||
Washington DC Springfield [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,417 | ||||
Initial Cost - Building and Improvements | 15,207 | ||||
Initial Cost - FF&E | 134 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 655 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,166 | ||||
Gross Amount Carried - Land and Improvements | 3,505 | ||||
Gross Amount Carried - Building and Improvements | 15,862 | ||||
Gross Amount Carried - FF&E | 1,300 | ||||
Total | 20,667 | ||||
Accumulated Depreciation | $ (4,427) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,004 | ||||
Depreciable Lives | 44 years | ||||
Washington DC Sterling [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,375 | ||||
Initial Cost - Building and Improvements | 5,167 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 625 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 924 | ||||
Gross Amount Carried - Land and Improvements | 1,472 | ||||
Gross Amount Carried - Building and Improvements | 5,792 | ||||
Gross Amount Carried - FF&E | 963 | ||||
Total | 8,227 | ||||
Accumulated Depreciation | $ (2,263) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Washington Dc Sterling Dulles [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,709 | ||||
Initial Cost - Building and Improvements | 2,618 | ||||
Initial Cost - FF&E | 707 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 200 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,029 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 733 | ||||
Gross Amount Carried - Land and Improvements | 4,909 | ||||
Gross Amount Carried - Building and Improvements | 3,647 | ||||
Gross Amount Carried - FF&E | 1,440 | ||||
Total | 9,996 | ||||
Accumulated Depreciation | $ (2,486) | ||||
Date Acquired | Dec. 13, 2012 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 23 years | ||||
Washington DC Tysons Corner [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,716 | ||||
Initial Cost - Building and Improvements | 12,425 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,164 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,398 | ||||
Gross Amount Carried - Land and Improvements | 3,793 | ||||
Gross Amount Carried - Building and Improvements | 13,589 | ||||
Gross Amount Carried - FF&E | 1,447 | ||||
Total | 18,829 | ||||
Accumulated Depreciation | $ (4,173) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Virginia Beach Independence Blvd [Member] | VIRGINIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,769 | ||||
Initial Cost - Building and Improvements | 6,115 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 160 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 784 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,212 | ||||
Gross Amount Carried - Land and Improvements | 1,929 | ||||
Gross Amount Carried - Building and Improvements | 6,899 | ||||
Gross Amount Carried - FF&E | 1,255 | ||||
Total | 10,083 | ||||
Accumulated Depreciation | $ (2,790) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,996 | ||||
Depreciable Lives | 31 years | ||||
Seattle Bellevue Downtown [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 3,672 | ||||
Initial Cost - Building and Improvements | 9,062 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 939 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 3,054 | ||||
Gross Amount Carried - Land and Improvements | 3,758 | ||||
Gross Amount Carried - Building and Improvements | 10,001 | ||||
Gross Amount Carried - FF&E | 3,109 | ||||
Total | 16,868 | ||||
Accumulated Depreciation | $ (3,605) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Seattle Bellevue Factoria [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,697 | ||||
Initial Cost - Building and Improvements | 8,912 | ||||
Initial Cost - FF&E | 55 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,391 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,645 | ||||
Gross Amount Carried - Land and Improvements | 2,779 | ||||
Gross Amount Carried - Building and Improvements | 10,303 | ||||
Gross Amount Carried - FF&E | 1,700 | ||||
Total | 14,782 | ||||
Accumulated Depreciation | $ (4,180) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Seattle Redmond [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 6,206 | ||||
Initial Cost - Building and Improvements | 16,067 | ||||
Initial Cost - FF&E | 71 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 89 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,160 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 3,029 | ||||
Gross Amount Carried - Land and Improvements | 6,295 | ||||
Gross Amount Carried - Building and Improvements | 17,227 | ||||
Gross Amount Carried - FF&E | 3,100 | ||||
Total | 26,622 | ||||
Accumulated Depreciation | $ (5,947) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Seattle Bothell West [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,236 | ||||
Initial Cost - Building and Improvements | 5,978 | ||||
Initial Cost - FF&E | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 529 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 812 | ||||
Gross Amount Carried - Land and Improvements | 1,300 | ||||
Gross Amount Carried - Building and Improvements | 6,507 | ||||
Gross Amount Carried - FF&E | 876 | ||||
Total | 8,683 | ||||
Accumulated Depreciation | $ (2,300) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Seattle Bothell Canyon Park [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,266 | ||||
Initial Cost - Building and Improvements | 7,932 | ||||
Initial Cost - FF&E | 57 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 100 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 849 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,157 | ||||
Gross Amount Carried - Land and Improvements | 2,366 | ||||
Gross Amount Carried - Building and Improvements | 8,781 | ||||
Gross Amount Carried - FF&E | 1,214 | ||||
Total | 12,361 | ||||
Accumulated Depreciation | $ (3,338) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Seattle Everett North [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,175 | ||||
Initial Cost - Building and Improvements | 6,615 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 692 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,206 | ||||
Gross Amount Carried - Land and Improvements | 1,253 | ||||
Gross Amount Carried - Building and Improvements | 7,307 | ||||
Gross Amount Carried - FF&E | 1,244 | ||||
Total | 9,804 | ||||
Accumulated Depreciation | $ (2,447) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Seattle Everett Silverlake [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 4,008 | ||||
Initial Cost - Building and Improvements | 9,000 | ||||
Initial Cost - FF&E | 54 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 87 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 729 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,195 | ||||
Gross Amount Carried - Land and Improvements | 4,095 | ||||
Gross Amount Carried - Building and Improvements | 9,729 | ||||
Gross Amount Carried - FF&E | 1,249 | ||||
Total | 15,073 | ||||
Accumulated Depreciation | $ (3,226) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 40 years | ||||
Seattle Federal Way [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 761 | ||||
Initial Cost - Building and Improvements | 4,918 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 97 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 727 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 999 | ||||
Gross Amount Carried - Land and Improvements | 858 | ||||
Gross Amount Carried - Building and Improvements | 5,645 | ||||
Gross Amount Carried - FF&E | 1,037 | ||||
Total | 7,540 | ||||
Accumulated Depreciation | $ (2,310) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,999 | ||||
Depreciable Lives | 39 years | ||||
Tacoma Fife [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 814 | ||||
Initial Cost - Building and Improvements | 4,397 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 78 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 754 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,009 | ||||
Gross Amount Carried - Land and Improvements | 892 | ||||
Gross Amount Carried - Building and Improvements | 5,151 | ||||
Gross Amount Carried - FF&E | 1,047 | ||||
Total | 7,090 | ||||
Accumulated Depreciation | $ (2,272) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Seattle Kent [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 923 | ||||
Initial Cost - Building and Improvements | 3,724 | ||||
Initial Cost - FF&E | 43 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 82 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,058 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,386 | ||||
Gross Amount Carried - Land and Improvements | 1,005 | ||||
Gross Amount Carried - Building and Improvements | 4,782 | ||||
Gross Amount Carried - FF&E | 1,429 | ||||
Total | 7,216 | ||||
Accumulated Depreciation | $ (2,285) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Seattle Lynnwood [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,829 | ||||
Initial Cost - Building and Improvements | 5,408 | ||||
Initial Cost - FF&E | 41 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 69 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 647 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,078 | ||||
Gross Amount Carried - Land and Improvements | 1,898 | ||||
Gross Amount Carried - Building and Improvements | 6,055 | ||||
Gross Amount Carried - FF&E | 1,119 | ||||
Total | 9,072 | ||||
Accumulated Depreciation | $ (2,496) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Seattle Mukilteo [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,894 | ||||
Initial Cost - Building and Improvements | 8,893 | ||||
Initial Cost - FF&E | 84 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 64 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 506 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 798 | ||||
Gross Amount Carried - Land and Improvements | 1,958 | ||||
Gross Amount Carried - Building and Improvements | 9,399 | ||||
Gross Amount Carried - FF&E | 882 | ||||
Total | 12,239 | ||||
Accumulated Depreciation | $ (2,851) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Seattle Renton [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,714 | ||||
Initial Cost - Building and Improvements | 5,924 | ||||
Initial Cost - FF&E | 62 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 130 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 916 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,610 | ||||
Gross Amount Carried - Land and Improvements | 1,844 | ||||
Gross Amount Carried - Building and Improvements | 6,840 | ||||
Gross Amount Carried - FF&E | 1,672 | ||||
Total | 10,356 | ||||
Accumulated Depreciation | $ (3,045) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Seattle Northgate [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,214 | ||||
Initial Cost - Building and Improvements | 8,655 | ||||
Initial Cost - FF&E | 86 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 72 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 892 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,471 | ||||
Gross Amount Carried - Land and Improvements | 1,286 | ||||
Gross Amount Carried - Building and Improvements | 9,547 | ||||
Gross Amount Carried - FF&E | 1,557 | ||||
Total | 12,390 | ||||
Accumulated Depreciation | $ (3,102) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,002 | ||||
Depreciable Lives | 42 years | ||||
Tacoma South [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,162 | ||||
Initial Cost - Building and Improvements | 6,871 | ||||
Initial Cost - FF&E | 40 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 146 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 692 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,096 | ||||
Gross Amount Carried - Land and Improvements | 1,308 | ||||
Gross Amount Carried - Building and Improvements | 7,563 | ||||
Gross Amount Carried - FF&E | 1,136 | ||||
Total | 10,007 | ||||
Accumulated Depreciation | $ (2,762) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 40 years | ||||
Seattle Southcenter [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,005 | ||||
Initial Cost - Building and Improvements | 4,129 | ||||
Initial Cost - FF&E | 35 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 47 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,777 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,133 | ||||
Gross Amount Carried - Land and Improvements | 1,052 | ||||
Gross Amount Carried - Building and Improvements | 5,906 | ||||
Gross Amount Carried - FF&E | 1,168 | ||||
Total | 8,126 | ||||
Accumulated Depreciation | $ (2,531) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 33 years | ||||
Seattle Tukwila [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,056 | ||||
Initial Cost - Building and Improvements | 4,724 | ||||
Initial Cost - FF&E | 38 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 66 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 617 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 993 | ||||
Gross Amount Carried - Land and Improvements | 1,122 | ||||
Gross Amount Carried - Building and Improvements | 5,341 | ||||
Gross Amount Carried - FF&E | 1,031 | ||||
Total | 7,494 | ||||
Accumulated Depreciation | $ (2,332) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 32 years | ||||
Olympia Tumwater [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,428 | ||||
Initial Cost - Building and Improvements | 5,495 | ||||
Initial Cost - FF&E | 70 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 107 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 579 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,021 | ||||
Gross Amount Carried - Land and Improvements | 1,535 | ||||
Gross Amount Carried - Building and Improvements | 6,074 | ||||
Gross Amount Carried - FF&E | 1,091 | ||||
Total | 8,700 | ||||
Accumulated Depreciation | $ (2,378) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 2,001 | ||||
Depreciable Lives | 41 years | ||||
Portland Vancouver [Member] | WASHINGTON | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,122 | ||||
Initial Cost - Building and Improvements | 5,671 | ||||
Initial Cost - FF&E | 42 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 88 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 765 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,115 | ||||
Gross Amount Carried - Land and Improvements | 1,210 | ||||
Gross Amount Carried - Building and Improvements | 6,436 | ||||
Gross Amount Carried - FF&E | 1,157 | ||||
Total | 8,803 | ||||
Accumulated Depreciation | $ (2,605) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Appleton Fox Cities [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,129 | ||||
Initial Cost - Building and Improvements | 3,042 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 137 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 561 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 915 | ||||
Gross Amount Carried - Land and Improvements | 1,266 | ||||
Gross Amount Carried - Building and Improvements | 3,603 | ||||
Gross Amount Carried - FF&E | 954 | ||||
Total | 5,823 | ||||
Accumulated Depreciation | $ (1,567) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Milwaukee Brookfield [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 2,579 | ||||
Initial Cost - Building and Improvements | 5,647 | ||||
Initial Cost - FF&E | 49 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 58 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 1,085 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,242 | ||||
Gross Amount Carried - Land and Improvements | 2,637 | ||||
Gross Amount Carried - Building and Improvements | 6,732 | ||||
Gross Amount Carried - FF&E | 1,291 | ||||
Total | 10,660 | ||||
Accumulated Depreciation | $ (2,520) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Madison Junction Court [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,197 | ||||
Initial Cost - Building and Improvements | 2,790 | ||||
Initial Cost - FF&E | 39 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 77 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 646 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 840 | ||||
Gross Amount Carried - Land and Improvements | 1,274 | ||||
Gross Amount Carried - Building and Improvements | 3,436 | ||||
Gross Amount Carried - FF&E | 879 | ||||
Total | 5,589 | ||||
Accumulated Depreciation | $ (1,482) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 38 years | ||||
Madison Old Sauk Rd [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,332 | ||||
Initial Cost - Building and Improvements | 2,506 | ||||
Initial Cost - FF&E | 46 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 149 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 522 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 876 | ||||
Gross Amount Carried - Land and Improvements | 1,481 | ||||
Gross Amount Carried - Building and Improvements | 3,028 | ||||
Gross Amount Carried - FF&E | 922 | ||||
Total | 5,431 | ||||
Accumulated Depreciation | $ (1,396) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,998 | ||||
Depreciable Lives | 39 years | ||||
Milwaukee Waukesha [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,311 | ||||
Initial Cost - Building and Improvements | 3,215 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 115 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 886 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,023 | ||||
Gross Amount Carried - Land and Improvements | 1,426 | ||||
Gross Amount Carried - Building and Improvements | 4,101 | ||||
Gross Amount Carried - FF&E | 1,067 | ||||
Total | 6,594 | ||||
Accumulated Depreciation | $ (1,698) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 37 years | ||||
Milwaukee Wauwatosa [Member] | WISCONSIN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,732 | ||||
Initial Cost - Building and Improvements | 5,151 | ||||
Initial Cost - FF&E | 44 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 104 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 685 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 1,236 | ||||
Gross Amount Carried - Land and Improvements | 1,836 | ||||
Gross Amount Carried - Building and Improvements | 5,836 | ||||
Gross Amount Carried - FF&E | 1,280 | ||||
Total | 8,952 | ||||
Accumulated Depreciation | $ (2,244) | ||||
Date Acquired | Oct. 8, 2010 | ||||
Date of Construction | 1,997 | ||||
Depreciable Lives | 41 years | ||||
Land Available For Development [Member] | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 1,821 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 0 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | (146) | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 0 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 0 | ||||
Gross Amount Carried - Land and Improvements | 1,675 | ||||
Gross Amount Carried - Building and Improvements | 0 | ||||
Gross Amount Carried - FF&E | 0 | ||||
Total | 1,675 | ||||
Accumulated Depreciation | $ 0 | ||||
Date Acquired | Oct. 8, 2010 | ||||
Development in Process [Member] | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | $ 0 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 0 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Construction in Progress | 2,017 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 0 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 0 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 0 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Construction in Progress | 25,157 | ||||
Gross Amount Carried - Land and Improvements | 0 | ||||
Gross Amount Carried - Building and Improvements | 0 | ||||
Gross Amount Carried - FF&E | 0 | ||||
SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Construction in Progress | 27,174 | ||||
Total | 27,174 | ||||
Accumulated Depreciation | 0 | ||||
Management Business [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Initial Cost - Land and Improvements | 0 | ||||
Initial Cost - Building and Improvements | 0 | ||||
Initial Cost - FF&E | 0 | ||||
Cost Capitalized Subsequent to Acquisition - Land and Improvements | 0 | ||||
Cost Capitalized Subsequent to Acquisition - Building and Improvements | 2,916 | ||||
Cost Capitalized Subsequent to Acquisition - FF&E | 22,972 | ||||
Gross Amount Carried - Land and Improvements | 0 | ||||
Gross Amount Carried - Building and Improvements | 2,916 | ||||
Gross Amount Carried - FF&E | 22,972 | ||||
Total | 25,888 | ||||
Accumulated Depreciation | $ (16,845) | ||||
Date Acquired | Sep. 1, 2011 | ||||
Minimum | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Montgomery Carmichael Rd [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Fayetteville Springdale [Member] | ARKANSAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Los Angeles Valencia [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Orlando Altamonte Springs [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Orlando Lake Buena Vista [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Orlando Maitland Summit Tower Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Atlanta Peachtree Corners [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Ann Arbor Briarwood Mall [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Auburn Hills I Seven Five [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Canton [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Madison Heights [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Southfield I Six Nine Six [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Southfield Northwestern Hwy [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Detroit Warren [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Charlotte Tyvola Rd Executive Park [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Charlotte University Place E McCullough Dr [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Greensboro Wendover Ave [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Columbus East [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Memphis Apple Tree [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Minimum | Austin North Central [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 2 years | ||||
Maximum | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Montgomery Carmichael Rd [Member] | ALABAMA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Fayetteville Springdale [Member] | ARKANSAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Los Angeles Valencia [Member] | CALIFORNIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Orlando Altamonte Springs [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Orlando Lake Mary One Zero Three Six Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Orlando Lake Mary One Zero Four Zero Greenwood Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Orlando Lake Buena Vista [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Orlando Maitland Summit Tower Blvd [Member] | FLORIDA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Atlanta Peachtree Corners [Member] | GEORGIA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Ann Arbor Briarwood Mall [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Auburn Hills I Seven Five [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Canton [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Madison Heights [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Southfield I Six Nine Six [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Southfield Northwestern Hwy [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Detroit Warren [Member] | MICHIGAN | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Charlotte Tyvola Rd Executive Park [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Charlotte University Place E McCullough Dr [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Greensboro Wendover Ave [Member] | NORTH CAROLINA | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Columbus East [Member] | OHIO | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Memphis Apple Tree [Member] | TENNESSEE | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years | ||||
Maximum | Austin North Central [Member] | TEXAS | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |||||
Depreciable Lives | 10 years |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Impairment on the Operating Lessees | $ 23,056 |
Domestic Tax Authority | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Cost Capitalized Subsequent to Acquisition | $ 4,688,215 |
Minimum | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Depreciable Lives | 2 years |
Maximum | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Depreciable Lives | 10 years |
ESH REIT | Domestic Tax Authority | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Cost Capitalized Subsequent to Acquisition | $ 4,665,896 |
Property Subject to Operating Lease | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items] | |
Impairment on the Operating Lessees | $ 0 |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation - Summary of Activity of Investment in Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] | |||
Balance, beginning of the period | $ 4,895,933 | $ 4,878,973 | $ 4,703,270 |
Capital Expenditures | 196,545 | 166,378 | 225,323 |
Acquisitions | 12,729 | 0 | 0 |
Dispositions and other | 389,870 | 124,249 | 39,792 |
Impairment | 43,600 | 25,169 | 9,828 |
Balance, end of period | 4,671,737 | 4,895,933 | 4,878,973 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] | |||
Balance, beginning of the period | 1,142,799 | 973,669 | 781,929 |
Depreciation | 207,953 | 227,876 | 219,969 |
Dispositions and other | 132,647 | 58,746 | 28,229 |
Balance, end of period | 1,218,105 | 1,142,799 | 973,669 |
ESH REIT | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward] | |||
Balance, beginning of the period | 4,918,804 | 4,874,018 | 4,685,940 |
Capital Expenditures | 191,099 | 163,797 | 219,681 |
Acquisitions | 12,733 | 0 | 0 |
Dispositions and other | 439,092 | 103,965 | 31,603 |
Impairment | 0 | 15,046 | 0 |
Balance, end of period | 4,683,544 | 4,918,804 | 4,874,018 |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward] | |||
Balance, beginning of the period | 1,143,164 | 959,449 | 765,034 |
Depreciation | 207,278 | 225,484 | 216,394 |
Dispositions and other | 134,543 | 41,769 | 21,979 |
Balance, end of period | $ 1,215,899 | $ 1,143,164 | $ 959,449 |