Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Feb. 13, 2014 | Jun. 28, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'EastGroup Properties Inc | ' | ' |
Entity Central Index Key | '0000049600 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Large Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $1,639,408,000 |
Entity Common Stock, Shares Outstanding | ' | 30,911,906 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Document Type | '10-K | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
ASSETS | ' | ' | ' |
Real estate properties | $1,778,559,000 | $1,619,777,000 | ' |
Development | 148,767,000 | 148,255,000 | ' |
Real estate and development properties | 1,927,326,000 | 1,768,032,000 | ' |
Less accumulated depreciation | -550,113,000 | -496,247,000 | ' |
Real estate, net | 1,377,213,000 | 1,271,785,000 | ' |
Unconsolidated investment | 2,764,000 | 2,743,000 | ' |
Cash | 8,000 | 1,258,000 | ' |
Other assets | 93,427,000 | 78,316,000 | ' |
TOTAL ASSETS | 1,473,412,000 | 1,354,102,000 | ' |
LIABILITIES | ' | ' | ' |
Secured debt | 499,793,000 | 607,766,000 | ' |
Unsecured debt | 305,000,000 | 130,000,000 | ' |
Unsecured bank credit facilities | 88,952,000 | 76,160,000 | ' |
Accounts payable and accrued expenses | 37,104,000 | 28,914,000 | ' |
Other liabilities | 23,858,000 | 20,086,000 | ' |
Total Liabilities | 954,707,000 | 862,926,000 | ' |
Stockholders’ Equity: | ' | ' | ' |
Common shares; $.0001 par value; 70,000,000 shares authorized; 30,937,225 shares issued and outstanding at December 31, 2013 and 29,928,490 at December 31, 2012 | 3,000 | 3,000 | ' |
Excess shares; $.0001 par value; 30,000,000 shares authorized; no shares issued | 0 | 0 | ' |
Additional paid-in capital on common shares | 790,535,000 | 731,950,000 | ' |
Distributions in excess of earnings | -278,169,000 | -245,249,000 | ' |
Accumulated other comprehensive income (loss) | 1,629,000 | -392,000 | 0 |
Total Stockholders’ Equity | 513,998,000 | 486,312,000 | ' |
Noncontrolling interest in joint ventures | 4,707,000 | 4,864,000 | ' |
Total Equity | 518,705,000 | 491,176,000 | 405,609,000 |
TOTAL LIABILITIES AND EQUITY | $1,473,412,000 | $1,354,102,000 | ' |
CONSOLIDATED_BALANCE_SHEETS_Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Common shares, par value (in dollars per share) | $0.00 | $0.00 |
Common shares, authorized | 70,000,000 | 70,000,000 |
Common shares, issued | 30,937,225 | 29,928,490 |
Common shares, outstanding | 30,937,225 | 29,928,490 |
Excess shares, par value (in dollars per share) | $0.00 | $0.00 |
Excess shares, authorized | 30,000,000 | 30,000,000 |
Excess shares, issued | 0 | 0 |
CONSOLIDATED_STATEMENTS_OF_INC
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
REVENUES | ' | ' | ' | |||
Income from real estate operations | $201,849 | $185,783 | $173,008 | |||
Other income | 322 | 61 | 142 | |||
Revenues | 202,171 | 185,844 | 173,150 | |||
EXPENSES | ' | ' | ' | |||
Expenses from real estate operations | 57,885 | 52,891 | 48,911 | |||
Depreciation and amortization | 65,789 | 61,345 | 56,739 | |||
General and administrative | 11,725 | 10,488 | 10,691 | |||
Acquisition costs | 191 | 188 | 252 | |||
Expenses | 135,590 | 124,912 | 116,593 | |||
OPERATING INCOME | 66,581 | 60,932 | 56,557 | |||
OTHER INCOME (EXPENSE) | ' | ' | ' | |||
Interest expense | -35,192 | -35,371 | -34,709 | |||
Other | 949 | 456 | 717 | |||
INCOME FROM CONTINUING OPERATIONS | 32,338 | 26,017 | 22,565 | |||
DISCONTINUED OPERATIONS | ' | ' | ' | |||
Income from real estate operations | 89 | 360 | 269 | |||
Gain on sales of nondepreciable real estate investments | 0 | [1] | 167 | [1] | 0 | [1] |
Gain on sales of real estate investments | 798 | 6,343 | 0 | |||
INCOME FROM DISCONTINUED OPERATIONS | 887 | 6,870 | 269 | |||
NET INCOME | 33,225 | 32,887 | 22,834 | |||
Net income attributable to noncontrolling interest in joint ventures | -610 | -503 | 475 | |||
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | 32,615 | 32,384 | 22,359 | |||
Other comprehensive income (loss) - cash flow hedges | 2,021 | -392 | 0 | |||
TOTAL COMPREHENSIVE INCOME | 34,636 | 31,992 | 22,359 | |||
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ' | ' | ' | |||
Income from continuing operations | $1.05 | $0.89 | $0.82 | |||
Income from discontinued operations | $0.03 | $0.24 | $0.01 | |||
Net income attributable to common stockholders | $1.08 | $1.13 | $0.83 | |||
Weighted average shares outstanding | 30,162 | 28,577 | 26,897 | |||
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ' | ' | ' | |||
Income from continuing operations | $1.05 | $0.89 | $0.82 | |||
Income from discontinued operations | $0.03 | $0.24 | $0.01 | |||
Net income attributable to common stockholders | $1.08 | $1.13 | $0.83 | |||
Weighted average shares outstanding | 30,269 | 28,677 | 26,971 | |||
AMOUNTS ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ' | ' | ' | |||
Income from continuing operations | 31,728 | 25,514 | 22,090 | |||
Income from discontinued operations | 887 | 6,870 | 269 | |||
Net income attributable to common stockholders | $32,615 | $32,384 | $22,359 | |||
[1] | The Company recognized taxes of $6,000 on the gains related to the sales of Tampa East Distribution Center III and Tampa West Distribution Center VIII during 2012. |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) | Total | Common Stock | Additional Paid-in Capital | Distributions In Excess Of Earnings | Accumulated Other Comprehensive Income (Loss) | Noncontrolling Interest in Joint Ventures |
BALANCE at Dec. 31, 2010 | $411,506,000 | $3,000 | $591,106,000 | ($182,253,000) | $0 | $2,650,000 |
Comprehensive income | ' | ' | ' | ' | ' | ' |
Net income | 22,834,000 | 0 | 0 | 22,359,000 | 0 | 475,000 |
Net unrealized change in fair value of interest rate swaps | 0 | ' | ' | ' | ' | ' |
Common dividends declared - $2.08, $2.10 and $2.14 per share in 2011, 2012 and 2013, respectively | -56,666,000 | 0 | 0 | -56,666,000 | 0 | 0 |
Stock-based compensation, net of forfeitures | 2,787,000 | 0 | 2,787,000 | 0 | 0 | 0 |
Issuance of 586,977, 2,179,153 and 890,085 shares of common stock, common stock offering, net of expenses in 2011, 2012 and 2013, respectively | 25,181,000 | 0 | 25,181,000 | 0 | 0 | 0 |
Issuance of 9,250, 4,500 and 4,500 shares of common stock, options exercised in 2011, 2012 and 2013, respectively | 217,000 | 0 | 217,000 | 0 | 0 | 0 |
Issuance of 5,989, 3,915 and 3,577 shares of common stock, dividend reinvestment plan in 2011, 2012 and 2013, respectively | 252,000 | 0 | 252,000 | 0 | 0 | 0 |
Withheld 3,564, 36,195 and 9,412 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock in 2011, 2012 and 2013, respectively | -157,000 | 0 | -157,000 | 0 | 0 | 0 |
Distributions to noncontrolling interest | -345,000 | 0 | 0 | 0 | 0 | -345,000 |
BALANCE at Dec. 31, 2011 | 405,609,000 | 3,000 | 619,386,000 | -216,560,000 | 0 | 2,780,000 |
Comprehensive income | ' | ' | ' | ' | ' | ' |
Net income | 32,887,000 | 0 | 0 | 32,384,000 | 0 | 503,000 |
Net unrealized change in fair value of interest rate swaps | -392,000 | 0 | 0 | 0 | -392,000 | 0 |
Common dividends declared - $2.08, $2.10 and $2.14 per share in 2011, 2012 and 2013, respectively | -61,073,000 | 0 | 0 | -61,073,000 | 0 | 0 |
Stock-based compensation, net of forfeitures | 4,447,000 | 0 | 4,447,000 | 0 | 0 | 0 |
Issuance of 586,977, 2,179,153 and 890,085 shares of common stock, common stock offering, net of expenses in 2011, 2012 and 2013, respectively | 109,588,000 | 0 | 109,588,000 | 0 | 0 | 0 |
Issuance of 9,250, 4,500 and 4,500 shares of common stock, options exercised in 2011, 2012 and 2013, respectively | 108,000 | 0 | 108,000 | 0 | 0 | 0 |
Issuance of 5,989, 3,915 and 3,577 shares of common stock, dividend reinvestment plan in 2011, 2012 and 2013, respectively | 205,000 | 0 | 205,000 | 0 | 0 | 0 |
Withheld 3,564, 36,195 and 9,412 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock in 2011, 2012 and 2013, respectively | -1,784,000 | 0 | -1,784,000 | 0 | 0 | 0 |
Distributions to noncontrolling interest | -537,000 | 0 | 0 | 0 | 0 | -537,000 |
Contributions from noncontrolling interest | 2,118,000 | 0 | 0 | 0 | 0 | 2,118,000 |
BALANCE at Dec. 31, 2012 | 491,176,000 | 3,000 | 731,950,000 | -245,249,000 | -392,000 | 4,864,000 |
Comprehensive income | ' | ' | ' | ' | ' | ' |
Net income | 33,225,000 | 0 | 0 | 32,615,000 | 0 | 610,000 |
Net unrealized change in fair value of interest rate swaps | 2,021,000 | 0 | 0 | 0 | 2,021,000 | 0 |
Common dividends declared - $2.08, $2.10 and $2.14 per share in 2011, 2012 and 2013, respectively | -65,535,000 | 0 | 0 | -65,535,000 | 0 | 0 |
Stock-based compensation, net of forfeitures | 5,540,000 | 0 | 5,540,000 | 0 | 0 | 0 |
Issuance of 586,977, 2,179,153 and 890,085 shares of common stock, common stock offering, net of expenses in 2011, 2012 and 2013, respectively | 53,247,000 | 0 | 53,247,000 | 0 | 0 | 0 |
Issuance of 9,250, 4,500 and 4,500 shares of common stock, options exercised in 2011, 2012 and 2013, respectively | 120,000 | 0 | 120,000 | 0 | 0 | 0 |
Issuance of 5,989, 3,915 and 3,577 shares of common stock, dividend reinvestment plan in 2011, 2012 and 2013, respectively | 206,000 | 0 | 206,000 | 0 | 0 | 0 |
Withheld 3,564, 36,195 and 9,412 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock in 2011, 2012 and 2013, respectively | -528,000 | 0 | -528,000 | 0 | 0 | 0 |
Distributions to noncontrolling interest | -767,000 | 0 | 0 | 0 | 0 | -767,000 |
BALANCE at Dec. 31, 2013 | $518,705,000 | $3,000 | $790,535,000 | ($278,169,000) | $1,629,000 | $4,707,000 |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stockholders' Equity Attributable to Parent | ' | ' | ' |
Common dividends declared - per share (in dollars per share) | $2.14 | $2.10 | $2.08 |
Issuance of shares of common stock, common stock offering, net of expenses (in shares) | 890,085 | 2,179,153 | 586,977 |
Issuance of shares of common stock, options exercised (in shares) | 4,500 | 4,500 | 9,250 |
Issuance of shares of common stock, dividend reinvestment plan (in shares) | 3,577 | 3,915 | 5,989 |
Withheld shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock (in shares) | 9,412 | 36,195 | 3,564 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
OPERATING ACTIVITIES | ' | ' | ' |
Net income | $33,225 | $32,887 | $22,834 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' |
Depreciation and amortization from continuing operations | 65,789 | 61,345 | 56,739 |
Depreciation and amortization from discontinued operations | 130 | 929 | 712 |
Stock-based compensation expense | 4,229 | 3,497 | 2,452 |
Gain on sales of land and real estate investments | -822 | -6,510 | -36 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accrued income and other assets | -1,629 | 601 | -1,425 |
Accounts payable, accrued expenses and prepaid rent | 8,906 | -1,118 | 5,466 |
Other | -78 | 177 | -195 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 109,750 | 91,808 | 86,547 |
INVESTING ACTIVITIES | ' | ' | ' |
Real estate development | -76,240 | -55,404 | -42,148 |
Purchases of real estate | -72,397 | -51,750 | -88,592 |
Real estate improvements | -20,807 | -18,135 | -19,048 |
Proceeds from sales of real estate investments | 4,273 | 17,087 | 0 |
Advances on mortgage loans receivable | 0 | -5,223 | 0 |
Repayments on mortgage loans receivable | 463 | 20 | 33 |
Changes in accrued development costs | 509 | 1,242 | 5,255 |
Changes in other assets and other liabilities | -11,912 | -7,745 | -6,333 |
NET CASH USED IN INVESTING ACTIVITIES | -176,111 | -119,908 | -150,833 |
FINANCING ACTIVITIES | ' | ' | ' |
Proceeds from unsecured bank credit facilities | 424,375 | 284,877 | 336,575 |
Repayments on unsecured bank credit facilities | -411,583 | -363,233 | -273,353 |
Proceeds from secured debt | 0 | 54,000 | 65,000 |
Repayments on secured debt | -107,953 | -74,308 | -81,128 |
Proceeds from unsecured debt | 175,000 | 80,000 | 50,000 |
Debt issuance costs | -2,222 | -1,490 | -925 |
Distributions paid to stockholders (not including dividends accrued on unvested restricted stock) | -64,798 | -61,297 | -56,042 |
Proceeds from common stock offerings | 53,247 | 109,588 | 25,181 |
Proceeds from exercise of stock options | 120 | 108 | 217 |
Proceeds from dividend reinvestment plan | 206 | 219 | 249 |
Other | -1,281 | 720 | -1,451 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 65,111 | 29,184 | 64,323 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -1,250 | 1,084 | 37 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 1,258 | 174 | 137 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | 8 | 1,258 | 174 |
SUPPLEMENTAL CASH FLOW INFORMATION | ' | ' | ' |
Cash paid for interest, net of amount capitalized of $5,064, $4,660 and $3,771 for 2013, 2012 and 2011, respectively | $32,880 | $34,385 | $33,671 |
CONSOLIDATED_STATEMENTS_OF_CAS1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Supplemental Cash Flow Information [Abstract] | ' | ' | ' |
Cash paid for interest, net of amount capitalized | $5,064 | $4,660 | $3,771 |
SIGNIFICANT_ACCOUNTING_POLICIE
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Accounting Policies [Abstract] | ' | |||||||||
SIGNIFICANT ACCOUNTING POLICIES | ' | |||||||||
SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
(a) | Principles of Consolidation | |||||||||
The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest. At December 31, 2013, 2012 and 2011, the Company had a controlling interest in two joint ventures: the 80% owned University Business Center and the 80% owned Castilian Research Center. The Company records 100% of the joint ventures’ assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements. The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II. All significant intercompany transactions and accounts have been eliminated in consolidation. | ||||||||||
(b) | Income Taxes | |||||||||
EastGroup, a Maryland corporation, has qualified as a real estate investment trust (REIT) under Sections 856-860 of the Internal Revenue Code and intends to continue to qualify as such. To maintain its status as a REIT, the Company is required to distribute at least 90% of its ordinary taxable income to its stockholders. If the Company has a capital gain, it has the option of (i) deferring recognition of the capital gain through a tax-deferred exchange, (ii) declaring and paying a capital gain dividend on any recognized net capital gain resulting in no corporate level tax, or (iii) retaining and paying corporate income tax on its net long-term capital gain, with the shareholders reporting their proportional share of the undistributed long-term capital gain and receiving a credit or refund of their share of the tax paid by the Company. The Company distributed all of its 2013, 2012 and 2011 taxable income to its stockholders. Accordingly, no significant provisions for income taxes were necessary. The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended 2013, 2012 and 2011. | ||||||||||
Federal Income Tax Treatment of Share Distributions | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Common Share Distributions: | ||||||||||
Ordinary dividends | $ | 1.91678 | 1.64506 | 1.68516 | ||||||
Nondividend distributions | 0.21054 | 0.2924 | 0.39484 | |||||||
Unrecaptured Section 1250 capital gain | 0.0027 | 0.14942 | — | |||||||
Other capital gain | 0.00998 | 0.01312 | — | |||||||
Total Common Distributions | $ | 2.14 | 2.1 | 2.08 | ||||||
EastGroup applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes, when evaluating and accounting for uncertainty in income taxes. With few exceptions, the Company’s 2009 and earlier tax years are closed for examination by U.S. federal, state and local tax authorities. In accordance with the provisions of ASC 740, the Company had no significant uncertain tax positions as of December 31, 2013 and 2012. | ||||||||||
The Company’s income may differ for tax and financial reporting purposes principally because of (1) the timing of the deduction for the provision for possible losses and losses on investments, (2) the timing of the recognition of gains or losses from the sale of investments, (3) different depreciation methods and lives, (4) real estate properties having a different basis for tax and financial reporting purposes, (5) mortgage loans having a different basis for tax and financial reporting purposes, thereby producing different gains upon collection of these loans, and (6) differences in book and tax allowances and timing for stock-based compensation expense. | ||||||||||
(c) | Income Recognition | |||||||||
Minimum rental income from real estate operations is recognized on a straight-line basis. The straight-line rent calculation on leases includes the effects of rent concessions and scheduled rent increases, and the calculated straight-line rent income is recognized over the lives of the individual leases. The Company maintains allowances for doubtful accounts receivable, including straight-line rents receivable, based upon estimates determined by management. Management specifically analyzes aged receivables, customer credit-worthiness, historical bad debts and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. | ||||||||||
Revenue is recognized on payments received from tenants for early terminations after all criteria have been met in accordance with ASC 840, Leases. | ||||||||||
The Company recognizes gains on sales of real estate in accordance with the principles set forth in ASC 360, Property, Plant and Equipment. Upon closing of real estate transactions, the provisions of ASC 360 require consideration for the transfer of rights of ownership to the purchaser, receipt of an adequate cash down payment from the purchaser, adequate continuing investment by the purchaser and no substantial continuing involvement by the Company. If the requirements for recognizing gains have not been met, the sale and related costs are recorded, but the gain is deferred and recognized by a method other than the full accrual method. | ||||||||||
The Company recognizes interest income on mortgage loans on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected. Discounts on mortgage loans receivable are amortized over the lives of the loans using a method that does not differ materially from the interest method. The Company evaluates the collectibility of both interest and principal on each of its loans to determine whether the loans are impaired. A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms. When a loan is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at the loan’s effective interest rate or to the fair value of the underlying collateral (if the loan is collateralized) less costs to sell. As of December 31, 2013 and 2012, there was no significant uncertainty of collection; therefore, interest income was recognized, and the discount on mortgage loans receivable was amortized. As of December 31, 2013 and 2012, the Company determined that no allowance for collectibility of the mortgage loans receivable was necessary. | ||||||||||
(d) | Real Estate Properties | |||||||||
EastGroup has one reportable segment–industrial properties. These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria that permit the properties to be aggregated into one reportable segment. | ||||||||||
The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. As of December 31, 2013 and 2012, the Company determined that no impairment charges on the Company’s real estate properties were necessary. | ||||||||||
Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally 40 years for buildings and 3 to 15 years for improvements. Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred. Significant renovations and improvements that improve or extend the useful life of the assets are capitalized. Depreciation expense for continuing and discontinued operations was $54,284,000, $51,564,000 and $48,648,000 for 2013, 2012 and 2011, respectively. | ||||||||||
(e) | Development | |||||||||
During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property. Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant. When the property becomes 80% occupied or one year after completion of the shell construction (whichever comes first), capitalization of development costs ceases. The properties are then transferred to real estate properties, and depreciation commences on the entire property (excluding the land). | ||||||||||
(f) | Real Estate Held for Sale | |||||||||
The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year. Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale. In accordance with the guidelines established under the Codification, the results of operations for the operating properties sold or held for sale during the reported periods are shown under Discontinued Operations on the Consolidated Statements of Income and Comprehensive Income. Interest expense is not generally allocated to the properties held for sale or whose operations are included under Discontinued Operations unless the mortgage is required to be paid in full upon the sale of the property. | ||||||||||
(g) | Derivative Instruments and Hedging Activities | |||||||||
EastGroup applies ASC 815, Derivatives and Hedging, which requires all entities with derivative instruments to disclose information regarding how and why the entity uses derivative instruments and how derivative instruments and related hedged items affect the entity’s financial position, financial performance and cash flows. See Note 13 for a discussion of the Company's derivative instruments and hedging activities. | ||||||||||
(h) | Cash Equivalents | |||||||||
The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. | ||||||||||
(i) | Amortization | |||||||||
Debt origination costs are deferred and amortized over the term of each loan using the effective interest method. Amortization of loan costs for continuing operations was $1,289,000, $1,203,000 and $1,053,000 for 2013, 2012 and 2011, respectively. | ||||||||||
Leasing costs are deferred and amortized using the straight-line method over the term of the lease. Leasing costs paid during the period are included in Changes in other assets and other liabilities in the Investing Activities section on the Consolidated Statements of Cash Flows. Leasing costs amortization expense for continuing and discontinued operations was $7,354,000, $7,082,000 and $6,487,000 for 2013, 2012 and 2011, respectively. Amortization expense for in-place lease intangibles is disclosed below in Business Combinations and Acquired Intangibles. | ||||||||||
(j) | Business Combinations and Acquired Intangibles | |||||||||
Upon acquisition of real estate properties, the Company applies the principles of ASC 805, Business Combinations, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received. The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values. Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired. Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. The allocation to tangible assets (land, building and improvements) is based upon management’s determination of the value of the property as if it were vacant using discounted cash flow models. The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties. The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates. | ||||||||||
The purchase price is also allocated among the following categories of intangible assets: the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships. The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases. The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values. These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease, or the anticipated life of the customer relationship, as applicable. | ||||||||||
Amortization of above and below market leases increased rental income by $188,000 in 2013, and decreased income by $350,000 in 2012 and $338,000 in 2011. Amortization expense for in-place lease intangibles for continuing and discontinued operations was $4,281,000, $3,628,000 and $2,316,000 for 2013, 2012 and 2011, respectively. | ||||||||||
Projected amortization of in-place lease intangibles for the next five years as of December 31, 2013 is as follows: | ||||||||||
Years Ending December 31, | (In thousands) | |||||||||
2014 | $ | 4,068 | ||||||||
2015 | 2,814 | |||||||||
2016 | 1,663 | |||||||||
2017 | 991 | |||||||||
2018 | 610 | |||||||||
During 2013, EastGroup acquired the following operating properties: Northfield Distribution Center in Dallas, Texas, and Interchange Park II in Charlotte, North Carolina. The Company purchased these properties for a total cost of $72,397,000, of which $65,387,000 was allocated to real estate properties. The Company allocated $13,218,000 of the total purchase price to land using third party land valuations for the Dallas and Charlotte markets. The market values are considered to be Level 3 inputs as defined by ASC 820, Fair Value Measurements and Disclosures (see Note 18 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: $8,399,000 to in-place lease intangibles, $158,000 to above market leases (both included in Other Assets on the Consolidated Balance Sheets) and $1,547,000 to below market leases (included in Other Liabilities on the Consolidated Balance Sheets). These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition. | ||||||||||
During 2012, the Company acquired the following operating properties: Madison Distribution Center in Tampa, Florida; Wiegman Distribution Center II in Hayward, California; and Valwood Distribution Center in Dallas, Texas. The Company purchased these properties for a total cost of $51,750,000, of which $48,934,000 was allocated to real estate properties. The Company allocated $7,435,000 of the total purchase price to land using third party land valuations for the Tampa, Hayward and Dallas markets. The market values are considered to be Level 3 inputs as defined by ASC 820. Intangibles associated with the purchase of real estate were allocated as follows: $3,305,000 to in-place lease intangibles, $244,000 to above market leases and $733,000 to below market leases. | ||||||||||
During 2011, EastGroup acquired the following operating properties: Lakeview Business Center and Ridge Creek Distribution Center II in Charlotte, North Carolina; Broadway Industrial Park, Building VII in Tempe, Arizona; the Tampa Industrial Portfolio in Tampa, Florida; and Rittiman Distribution Center in San Antonio, Texas. The Company purchased these properties for a total cost of $88,592,000, of which $80,624,000 was allocated to real estate properties. The Company allocated $13,872,000 of the total purchase price to land using third party land valuations for the Charlotte, Tempe, Tampa and San Antonio markets. The market values are considered to be Level 3 inputs as defined by ASC 820. Intangibles associated with the purchase of real estate were allocated as follows: $6,949,000 to in-place lease intangibles, $1,693,000 to above market leases and $674,000 to below market leases. | ||||||||||
The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment. In management’s opinion, no impairment of goodwill and other intangibles existed at December 31, 2013 and 2012. | ||||||||||
(k) | Stock-Based Compensation | |||||||||
In May 2004, the stockholders of the Company approved the EastGroup Properties, Inc. 2004 Equity Incentive Plan ("the 2004 Plan"), which was further amended by the Board of Directors in September 2005 and December 2006. This plan authorized the issuance of common stock to employees in the form of options, stock appreciation rights, restricted stock, deferred stock units, performance shares, bonus stock or stock in lieu of cash compensation. | ||||||||||
In April 2013, the Board of Directors adopted the EastGroup Properties, Inc. 2013 Equity Incentive Plan (the “2013 Equity Plan”) upon the recommendation of the Compensation Committee; the 2013 Equity Plan was approved by the Company's stockholders and became effective May 29, 2013. The 2013 Equity Plan replaced the 2004 Plan and the 2005 Directors Equity Incentive Plan. Typically, the Company issues new shares to fulfill stock grants or upon the exercise of stock options. | ||||||||||
EastGroup applies the provisions of ASC 718, Compensation – Stock Compensation, to account for its stock-based compensation plans. The cost for performance-based awards is determined using the graded vesting attribution method which recognizes each separate vesting portion of the award as a separate award on a straight-line basis over the requisite service period. This method accelerates the expensing of the award compared to the straight-line method. The cost for market-based awards and awards that only require service are expensed on a straight-line basis over the requisite service periods. | ||||||||||
The total compensation expense for service and performance based awards is based upon the fair market value of the shares on the grant date, adjusted for estimated forfeitures. The grant date fair value for awards that have been granted and are subject to a future market condition (total shareholder return) are determined using a simulation pricing model developed to specifically accommodate the unique features of the awards. | ||||||||||
During the restricted period for awards no longer subject to contingencies, the Company accrues dividends and holds the certificates for the shares; however, the employee can vote the shares. For shares subject to contingencies, dividends are accrued based upon the number of shares expected to be awarded. Share certificates and dividends are delivered to the employee as they vest. | ||||||||||
(l) | Earnings Per Share | |||||||||
The Company applies ASC 260, Earnings Per Share, which requires companies to present basic and diluted earnings per share (EPS). Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period. The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding. | ||||||||||
Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock and stock options had the options been exercised. The dilutive effect of stock options and their equivalents (such as unvested restricted stock) is determined using the treasury stock method which assumes exercise of the options as of the beginning of the period or when issued, if later, and assumes proceeds from the exercise of options are used to purchase common stock at the average market price during the period. | ||||||||||
(m) | Use of Estimates | |||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | ||||||||||
(n) | Risks and Uncertainties | |||||||||
The state of the overall economy can significantly impact the Company’s operational performance and thus impact its financial position. Should EastGroup experience a significant decline in operational performance, it may affect the Company’s ability to make distributions to its shareholders, service debt, or meet other financial obligations. | ||||||||||
(o) | Recent Accounting Pronouncements | |||||||||
EastGroup has evaluated all Accounting Standards Updates (ASUs) released by the FASB through the date the financial statements were issued and determined that the following ASU applies to the Company. | ||||||||||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220) Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide detail about those amounts. ASU 2013-02 was effective for interim and annual reporting periods beginning after December 15, 2012. The Company has adopted the provisions of ASU 2013-02 and provided the necessary disclosures beginning with the period ended March 31, 2013. | ||||||||||
(p) | Classification of Book Overdraft on Consolidated Statements of Cash Flows | |||||||||
The Company classifies changes in book overdraft in which the bank has not advanced cash to the Company to cover outstanding checks as an operating activity. Such amounts are included in Accounts payable, accrued expenses and prepaid rent in the Operating Activities section on the Consolidated Statements of Cash Flows. | ||||||||||
(q) | Reclassifications | |||||||||
Certain reclassifications have been made in the 2012 and 2011 consolidated financial statements to conform to the 2013 presentation. |
REAL_ESTATE_PROPERTIES
REAL ESTATE PROPERTIES | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Real Estate [Abstract] | ' | ||||||||||||||||||
REAL ESTATE PROPERTIES | ' | ||||||||||||||||||
REAL ESTATE PROPERTIES | |||||||||||||||||||
The Company’s real estate properties and development at December 31, 2013 and 2012 were as follows: | |||||||||||||||||||
December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(In thousands) | |||||||||||||||||||
Real estate properties: | |||||||||||||||||||
Land | $ | 265,871 | 244,199 | ||||||||||||||||
Buildings and building improvements | 1,210,318 | 1,102,597 | |||||||||||||||||
Tenant and other improvements | 302,370 | 272,981 | |||||||||||||||||
Development | 148,767 | 148,255 | |||||||||||||||||
1,927,326 | 1,768,032 | ||||||||||||||||||
Less accumulated depreciation | (550,113 | ) | (496,247 | ) | |||||||||||||||
$ | 1,377,213 | 1,271,785 | |||||||||||||||||
EastGroup acquired operating properties during 2013, 2012 and 2011 as discussed in Note 1(j). In 2013, the Company sold the following operating properties: Tampa East Distribution Center II, Tampa West Distribution Center V and Tampa West Distribution Center VII. In 2012, the Company sold the following operating properties: Tampa East Distribution Center III, Tampa West Distribution Center VIII, Estrella Distribution Center and Braniff Distribution Center. The Company did not sell any properties in 2011. | |||||||||||||||||||
Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale. In accordance with the guidelines established under ASC 360, the results of operations for the properties sold or held for sale during the reported periods are shown under Discontinued Operations on the Consolidated Statements of Income and Comprehensive Income. No interest expense was allocated to the properties held for sale or whose operations are included under Discontinued Operations. A summary of gain on sales of real estate for the years ended December 31, 2013, 2012 and 2011 follows: | |||||||||||||||||||
Gain on Sales of Real Estate | |||||||||||||||||||
Real Estate Properties | Location | Size | Date Sold | Net Sales Price | Basis | Recognized Gain | |||||||||||||
(in Square Feet) | |||||||||||||||||||
(In thousands) | |||||||||||||||||||
2013 | |||||||||||||||||||
Tampa West Distribution Center V | Tampa, FL | 12,000 | 12/20/13 | $ | 609 | 442 | 167 | ||||||||||||
Tampa West Distribution Center VII | Tampa, FL | 6,000 | 12/20/13 | 422 | 417 | 5 | |||||||||||||
Tampa East Distribution Center II | Tampa, FL | 31,000 | 12/30/13 | 1,929 | 1,303 | 626 | |||||||||||||
Total for 2013 | $ | 2,960 | 2,162 | 798 | |||||||||||||||
2012 | |||||||||||||||||||
Tampa East Distribution Center III | Tampa, FL | 10,500 | 2/15/12 | $ | 538 | 371 | 167 | ||||||||||||
and Tampa West Distribution | |||||||||||||||||||
Center VIII | |||||||||||||||||||
Estrella Distribution Center | Phoenix, AZ | 174,000 | 6/13/12 | 6,861 | 4,992 | 1,869 | |||||||||||||
Braniff Distribution Center | Tulsa, OK | 259,000 | 12/27/12 | 9,688 | 5,214 | 4,474 | |||||||||||||
Total for 2012 | $ | 17,087 | 10,577 | 6,510 | |||||||||||||||
2011 | |||||||||||||||||||
Deferred gain recognized from | $ | — | — | 36 | |||||||||||||||
previous sales | |||||||||||||||||||
The following table presents the components of revenues and expenses for the properties sold or held for sale during 2013, 2012 and 2011. | |||||||||||||||||||
DISCONTINUED OPERATIONS | Years Ended December 31, | ||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Income from real estate operations | $ | 306 | 1,737 | 1,475 | |||||||||||||||
Expenses from real estate operations | (87 | ) | (448 | ) | (499 | ) | |||||||||||||
Property net operating income from discontinued operations | 219 | 1,289 | 976 | ||||||||||||||||
Other income | — | — | 5 | ||||||||||||||||
Depreciation and amortization | (130 | ) | (929 | ) | (712 | ) | |||||||||||||
Income from real estate operations | 89 | 360 | 269 | ||||||||||||||||
Gain on sales of nondepreciable real estate investments, net of tax (1) | — | 167 | — | ||||||||||||||||
Gain on sales of real estate investments | 798 | 6,343 | — | ||||||||||||||||
Income from discontinued operations | $ | 887 | 6,870 | 269 | |||||||||||||||
-1 | The Company recognized taxes of $6,000 on the gains related to the sales of Tampa East Distribution Center III and Tampa West Distribution Center VIII during 2012. | ||||||||||||||||||
The Company’s development program as of December 31, 2013, was comprised of the properties detailed in the table below. Costs incurred include capitalization of interest costs during the period of construction. The interest costs capitalized on development properties for 2013 were $5,064,000 compared to $4,660,000 for 2012 and $3,771,000 for 2011. In addition, EastGroup capitalized internal development costs of $3,730,000 during the year ended December 31, 2013, compared to $2,810,000 during 2012 and $1,334,000 in 2011. | |||||||||||||||||||
Total capital invested for development during 2013 was $76,240,000, which primarily consisted of costs of $52,239,000 and $18,216,000 as detailed in the development activity table below and costs of $4,497,000 on development properties subsequent to transfer to Real Estate Properties. The capitalized costs incurred on development properties subsequent to transfer to Real Estate Properties include capital improvements at the properties and do not include other capitalized costs associated with development (i.e., interest expense, property taxes and internal personnel costs). | |||||||||||||||||||
DEVELOPMENT | Costs Incurred | ||||||||||||||||||
Costs | For the | Cumulative | Estimated | Building Completion Date | |||||||||||||||
Transferred | Year Ended | as of | Total Costs (2) | ||||||||||||||||
in 2013 (1) | 12/31/13 | 12/31/13 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||||||
LEASE-UP | Building Size (Square feet) | ||||||||||||||||||
Thousand Oaks 3, San Antonio, TX | 66,000 | $ | 1,232 | 3,068 | 4,300 | 5,000 | 13-Jul | ||||||||||||
Ten West Crossing 2, Houston, TX | 46,000 | 908 | 3,181 | 4,089 | 5,300 | 13-Sep | |||||||||||||
Ten West Crossing 3, Houston, TX | 68,000 | 693 | 3,676 | 4,369 | 5,300 | 13-Sep | |||||||||||||
World Houston 37, Houston, TX | 101,000 | — | 3,705 | 5,379 | 7,100 | 13-Sep | |||||||||||||
Chandler Freeways, Phoenix, AZ | 126,000 | 1,811 | 6,047 | 7,858 | 8,900 | 13-Nov | |||||||||||||
Total Lease-Up | 407,000 | 4,644 | 19,677 | 25,995 | 31,600 | ||||||||||||||
UNDER CONSTRUCTION | Anticipated Building Completion Date | ||||||||||||||||||
Horizon I, Orlando, FL | 109,000 | 2,178 | 3,123 | 5,301 | 7,700 | 14-Feb | |||||||||||||
Steele Creek I, Charlotte, NC | 71,000 | 895 | 3,372 | 4,267 | 5,300 | 14-Feb | |||||||||||||
Steele Creek II, Charlotte, NC | 71,000 | 894 | 2,447 | 3,341 | 5,300 | 14-Feb | |||||||||||||
Ten West Crossing 4, Houston, TX | 68,000 | 927 | 2,534 | 3,461 | 4,800 | 14-Feb | |||||||||||||
World Houston 39, Houston, TX | 94,000 | 922 | 714 | 1,636 | 5,700 | 14-May | |||||||||||||
Rampart IV, Denver, CO | 84,000 | 977 | 741 | 1,718 | 8,300 | 14-Jun | |||||||||||||
Ten West Crossing 5, Houston, TX | 101,000 | 1,113 | 299 | 1,412 | 7,000 | 14-Aug | |||||||||||||
World Houston 40, Houston, TX | 202,000 | 1,354 | 676 | 2,030 | 11,700 | 14-Sep | |||||||||||||
Total Under Construction | 800,000 | 9,260 | 13,906 | 23,166 | 55,800 | ||||||||||||||
PROSPECTIVE DEVELOPMENT (PRIMARILY LAND) | Estimated Building Size (Square feet) | ||||||||||||||||||
Phoenix, AZ | 406,000 | (1,811 | ) | 487 | 4,373 | 30,800 | |||||||||||||
Tucson, AZ | 70,000 | — | — | 417 | 4,900 | ||||||||||||||
Denver, CO | — | (977 | ) | 266 | — | — | |||||||||||||
Fort Myers, FL | 663,000 | — | 212 | 17,858 | 50,000 | ||||||||||||||
Orlando, FL | 1,267,000 | (4,157 | ) | 2,231 | 24,674 | 91,200 | |||||||||||||
Tampa, FL | 519,000 | — | 677 | 6,822 | 31,100 | ||||||||||||||
Jackson, MS | 28,000 | — | — | 706 | 2,000 | ||||||||||||||
Charlotte, NC | 418,000 | (1,789 | ) | 7,808 | 7,354 | 29,800 | |||||||||||||
Dallas, TX | 120,000 | — | 14 | 1,249 | 7,800 | ||||||||||||||
El Paso, TX | 251,000 | — | — | 2,444 | 11,300 | ||||||||||||||
Houston, TX | 1,889,000 | (5,917 | ) | 5,643 | 28,159 | 126,400 | |||||||||||||
San Antonio, TX | 478,000 | (1,232 | ) | 1,318 | 5,550 | 32,200 | |||||||||||||
Total Prospective Development | 6,109,000 | (15,883 | ) | 18,656 | 99,606 | 417,500 | |||||||||||||
7,316,000 | $ | (1,979 | ) | 52,239 | 148,767 | 504,900 | |||||||||||||
DEVELOPMENTS COMPLETED AND TRANSFERRED TO REAL ESTATE PROPERTIES DURING 2013 | Building Size (Square feet) | Building Completion Date | |||||||||||||||||
Southridge IX, Orlando, FL | 76,000 | $ | — | 18 | 6,318 | 12-Mar | |||||||||||||
Southridge XI, Orlando, FL | 88,000 | — | 37 | 5,502 | 12-Sep | ||||||||||||||
World Houston 33, Houston, TX | 160,000 | — | (169 | ) | 8,915 | 13-Feb | |||||||||||||
World Houston 31B, Houston, TX | 35,000 | — | 75 | 3,026 | 12-Apr | ||||||||||||||
Ten West Crossing 1, Houston, TX | 30,000 | — | 1,402 | 3,144 | 13-Apr | ||||||||||||||
Thousand Oaks 1, San Antonio, TX | 36,000 | — | 454 | 3,993 | 12-May | ||||||||||||||
Thousand Oaks 2, San Antonio, TX | 73,000 | — | 513 | 5,322 | 12-May | ||||||||||||||
Beltway Crossing X, Houston, TX | 79,000 | — | 380 | 4,196 | 12-Jun | ||||||||||||||
World Houston 34, Houston, TX | 57,000 | — | 1,058 | 3,733 | 13-Apr | ||||||||||||||
World Houston 35, Houston, TX | 45,000 | — | 578 | 2,691 | 13-Apr | ||||||||||||||
World Houston 36, Houston, TX | 60,000 | — | 3,872 | 5,309 | 13-Sep | ||||||||||||||
Southridge X, Orlando, FL | 71,000 | 1,979 | 3,202 | 5,181 | 13-Sep | ||||||||||||||
World Houston 38, Houston, TX | 128,000 | — | 5,613 | 7,830 | 13-Oct | ||||||||||||||
Beltway Crossing XI, Houston, TX | 87,000 | — | 1,183 | 4,783 | 13-Feb | ||||||||||||||
Total Transferred to Real Estate Properties | 1,025,000 | $ | 1,979 | 18,216 | 69,943 | (3) | |||||||||||||
-1 | Represents costs transferred from Prospective Development (primarily land) to Under Construction during the period. | ||||||||||||||||||
-2 | Included in these costs are development obligations of $19.8 million and tenant improvement obligations of $6.6 million on properties under development. | ||||||||||||||||||
-3 | Represents cumulative costs at the date of transfer. | ||||||||||||||||||
The following schedule indicates approximate future minimum rental receipts under non-cancelable leases for real estate properties by year as of December 31, 2013: | |||||||||||||||||||
Future Minimum Rental Receipts Under Non-Cancelable Leases | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 155,016 | |||||||||||||||||
2015 | 126,497 | ||||||||||||||||||
2016 | 91,403 | ||||||||||||||||||
2017 | 64,542 | ||||||||||||||||||
2018 | 43,663 | ||||||||||||||||||
Thereafter | 82,068 | ||||||||||||||||||
Total minimum receipts | $ | 563,189 | |||||||||||||||||
Ground Leases | |||||||||||||||||||
As of December 31, 2013, the Company owned two properties in Florida, two properties in Texas and one property in Arizona that are subject to ground leases. These leases have terms of 40 to 50 years, expiration dates of August 2031 to November 2037, and renewal options of 15 to 35 years, except for the one lease in Arizona which is automatically and perpetually renewed annually. Total ground lease expenditures for continuing and discontinued operations for the years ended December 31, 2013, 2012 and 2011 were $740,000, $733,000 and $705,000, respectively. Payments are subject to increases at 3 to 10 year intervals based upon the agreed or appraised fair market value of the leased premises on the adjustment date or the Consumer Price Index percentage increase since the base rent date. The following schedule indicates approximate future minimum ground lease payments for these properties by year as of December 31, 2013: | |||||||||||||||||||
Future Minimum Ground Lease Payments | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 739 | |||||||||||||||||
2015 | 739 | ||||||||||||||||||
2016 | 739 | ||||||||||||||||||
2017 | 739 | ||||||||||||||||||
2018 | 739 | ||||||||||||||||||
Thereafter | 12,417 | ||||||||||||||||||
Total minimum payments | $ | 16,112 | |||||||||||||||||
UNCONSOLIDATED_INVESTMENT
UNCONSOLIDATED INVESTMENT | 12 Months Ended |
Dec. 31, 2013 | |
Equity Method Investments and Joint Ventures [Abstract] | ' |
UNCONSOLIDATED INVESTMENT | ' |
UNCONSOLIDATED INVESTMENT | |
In November 2004, the Company acquired a 50% undivided tenant-in-common interest in Industry Distribution Center II, a 309,000 square foot warehouse distribution building in the City of Industry (Los Angeles), California. The building was constructed in 1998 and is 100% leased through December 2014 to a single tenant who owns the other 50% interest in the property. This investment is accounted for under the equity method of accounting and had a carrying value of $2,764,000 at December 31, 2013, and $2,743,000 at December 31, 2012. At the end of May 2005, EastGroup and the property co-owner closed a non-recourse first mortgage loan secured by Industry Distribution Center II. The $13.3 million loan has a 25-year term and an interest rate of 5.31% through June 30, 2015, when the rate will adjust on an annual basis according to the “A” Moody’s Daily Long-Term Corporate Bond Yield Average. The lender has the option to call the note on June 30, 2015. EastGroup’s share of this mortgage was $5,280,000 at December 31, 2013, and $5,475,000 at December 31, 2012. |
MORTGAGE_LOANS_RECEIVABLE
MORTGAGE LOANS RECEIVABLE | 12 Months Ended |
Dec. 31, 2013 | |
Mortgage Loans on Real Estate, Commercial and Consumer, Net, (Investment Based Operations Presentation) [Abstract] | ' |
MORTGAGE LOANS RECEIVABLE | ' |
MORTGAGE LOANS RECEIVABLE | |
During 2012, EastGroup advanced $5,223,000 in two mortgage loans. As of December 31, 2013, the Company had three mortgage loans receivable, all of which are classified as first mortgage loans. The mortgage loans have effective interest rates ranging from 5.25% to 6.4% and maturity dates ranging from October 2016 to October 2017. Mortgage loans receivable, net of discount, are included in Other Assets on the Consolidated Balance Sheets. See Note 5 for a summary of Other Assets. |
OTHER_ASSETS
OTHER ASSETS | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
OTHER ASSETS | ' | ||||||
OTHER ASSETS | |||||||
A summary of the Company’s Other Assets follows: | |||||||
31-Dec-13 | December 31, 2012 | ||||||
(In thousands) | |||||||
Leasing costs (principally commissions) | $ | 48,473 | 41,290 | ||||
Accumulated amortization of leasing costs | (18,855 | ) | (17,543 | ) | |||
Leasing costs (principally commissions), net of accumulated amortization | 29,618 | 23,747 | |||||
Straight-line rents receivable | 24,030 | 22,153 | |||||
Allowance for doubtful accounts on straight-line rents receivable | (376 | ) | (409 | ) | |||
Straight-line rents receivable, net of allowance for doubtful accounts | 23,654 | 21,744 | |||||
Accounts receivable | 4,863 | 3,477 | |||||
Allowance for doubtful accounts on accounts receivable | (349 | ) | (373 | ) | |||
Accounts receivable, net of allowance for doubtful accounts | 4,514 | 3,104 | |||||
Acquired in-place lease intangibles | 16,793 | 11,848 | |||||
Accumulated amortization of acquired in-place lease intangibles | (5,366 | ) | (4,516 | ) | |||
Acquired in-place lease intangibles, net of accumulated amortization | 11,427 | 7,332 | |||||
Acquired above market lease intangibles | 1,835 | 2,443 | |||||
Accumulated amortization of acquired above market lease intangibles | (659 | ) | (976 | ) | |||
Acquired above market lease intangibles, net of accumulated amortization | 1,176 | 1,467 | |||||
Mortgage loans receivable | 8,894 | 9,357 | |||||
Discount on mortgage loans receivable | (24 | ) | (34 | ) | |||
Mortgage loans receivable, net of discount | 8,870 | 9,323 | |||||
Loan costs | 8,050 | 8,476 | |||||
Accumulated amortization of loan costs | (3,601 | ) | (4,960 | ) | |||
Loan costs, net of accumulated amortization | 4,449 | 3,516 | |||||
Interest rate swap assets | 1,692 | — | |||||
Goodwill | 990 | 990 | |||||
Prepaid expenses and other assets | 7,037 | 7,093 | |||||
Total Other Assets | $ | 93,427 | 78,316 | ||||
SECURED_AND_UNSECURED_DEBT
SECURED AND UNSECURED DEBT | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
SECURED AND UNSECURED DEBT | ' | ||||||||||||||||||
A summary of Secured Debt follows: | |||||||||||||||||||
Interest Rate | Monthly | Maturity | Carrying Amount | Balance at December 31, | |||||||||||||||
P&I | Date | of Securing | |||||||||||||||||
Payment | Real Estate at | ||||||||||||||||||
Property | 31-Dec-13 | 2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||||
35th Avenue, Beltway I, Broadway V, | 4.75% | $ | 259,403 | Repaid | $ | — | — | 34,474 | |||||||||||
Lockwood, Northwest Point, Sunbelt, Techway Southwest I and World Houston 10, 11 & 14 | |||||||||||||||||||
Airport Commerce Center I & II, Interchange | 5.75% | 414,229 | Repaid | — | — | 52,086 | |||||||||||||
Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center and World Houston 24, 25 & 27 | |||||||||||||||||||
Kyrene Distribution Center | 9.00% | 11,246 | 7/1/14 | 4,059 | 76 | 198 | |||||||||||||
Americas Ten I, Kirby, Palm River North I, II | 5.68% | 175,479 | 10/10/14 | 23,509 | 26,907 | 27,467 | |||||||||||||
& III, Shady Trail, Westlake I & II and World Houston 17 | |||||||||||||||||||
Beltway II, III & IV, Commerce Park 1, | 5.50% | 536,552 | 4/5/15 | 64,467 | 61,402 | 64,374 | |||||||||||||
Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and World Houston 15 & 22 | |||||||||||||||||||
Country Club I, Lake Pointe, Techway | 4.98% | 256,952 | 12/5/15 | 20,534 | 27,812 | 29,465 | |||||||||||||
Southwest II and World Houston 19 & 20 | |||||||||||||||||||
Huntwood and Wiegman Distribution Centers | 5.68% | 265,275 | 9/5/16 | 20,631 | 28,833 | 30,332 | |||||||||||||
Alamo Downs, Arion 1-15 & 17, Rampart I, II, III | 5.97% | 557,467 | 11/5/16 | 54,487 | 60,131 | 63,132 | |||||||||||||
& IV, Santan 10 and World Houston 16 | |||||||||||||||||||
Arion 16, Broadway VI, Chino, East | 5.57% | 518,885 | 9/5/17 | 53,298 | 57,368 | 60,310 | |||||||||||||
University I & II, Northpark I-IV, Santan 10 II, 55th Avenue and World Houston 1 & 2, 21 & 23 | |||||||||||||||||||
Dominguez, Industry I & III, Kingsview, Shaw, | 7.50% | 539,747 | 5/5/19 | 47,169 | 59,087 | 61,052 | |||||||||||||
Walnut and Washington (1) | |||||||||||||||||||
Blue Heron Distribution Center II | 5.39% | 16,176 | 2/29/20 | 4,430 | 1,026 | 1,161 | |||||||||||||
40th Avenue, Beltway V, Centennial Park, | 4.39% | 463,778 | 1/5/21 | 72,223 | 66,805 | 69,376 | |||||||||||||
Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII and World Houston 26, 28, 29 & 30 | |||||||||||||||||||
America Plaza, Central Green, Glenmont | 4.75% | 420,045 | 6/5/21 | 44,770 | 59,827 | 61,970 | |||||||||||||
I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II and World Houston 3-9 | |||||||||||||||||||
Arion 18, Beltway VI & VII, Commerce Park | 4.09% | 329,796 | 1/5/22 | 60,791 | 50,519 | 52,369 | |||||||||||||
II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32 | |||||||||||||||||||
$ | 470,368 | 499,793 | 607,766 | ||||||||||||||||
-1 | This mortgage loan has a recourse liability of $5.0 million which will be released based on the secured properties generating certain base rent amounts. | ||||||||||||||||||
A summary of Unsecured Debt follows: | |||||||||||||||||||
Balance at December 31, | |||||||||||||||||||
Interest Rate | Maturity Date | 2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||||
$80 Million Unsecured Term Loan (1) | 2.77% | 8/15/18 | $ | 80,000 | 80,000 | ||||||||||||||
$50 Million Unsecured Term Loan | 3.91% | 12/21/18 | 50,000 | 50,000 | |||||||||||||||
$75 Million Unsecured Term Loan (2) | 3.75% | 12/20/20 | 75,000 | — | |||||||||||||||
$100 Million Senior Unsecured Notes (3) | 3.80% | 8/28/25 | 100,000 | — | |||||||||||||||
$ | 305,000 | 130,000 | |||||||||||||||||
-1 | The interest rate on this unsecured term loan is comprised of LIBOR plus 175 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into an interest rate swap to convert the loan's LIBOR rate to a fixed interest rate, providing the Company an effective interest rate on the term loan of 2.770% as of December 31, 2013. See Note 13 for additional information on the interest rate swap. | ||||||||||||||||||
-2 | The interest rate on this unsecured term loan is comprised of LIBOR plus 140 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into two interest rate swaps to convert the loan's LIBOR rate to a fixed interest rate, providing the Company a weighted average effective interest rate on the term loan of 3.752% as of December 31, 2013. See Note 13 for additional information on the interest rate swaps. | ||||||||||||||||||
-3 | Principal payments due on the $100 million senior unsecured notes are as follows: $30 million on August 28, 2020, $50 million on August 28, 2023, and $20 million on August 28, 2025. | ||||||||||||||||||
The Company’s unsecured term loans have certain restrictive covenants, such as maintaining debt service coverage and leverage ratios and maintaining insurance coverage, and the Company was in compliance with all of its debt covenants at December 31, 2013. | |||||||||||||||||||
The Company currently intends to repay its debt obligations, both in the short-term and long-term, through its operating cash flows, borrowings under its unsecured bank credit facilities, proceeds from new debt (primarily unsecured), and/or proceeds from the issuance of equity instruments. | |||||||||||||||||||
Principal payments on long-term debt, including secured and unsecured debt, due during the next five years as of December 31, 2013 are as follows: | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 48,862 | |||||||||||||||||
2015 | 102,287 | ||||||||||||||||||
2016 | 92,717 | ||||||||||||||||||
2017 | 58,145 | ||||||||||||||||||
2018 | 141,218 | ||||||||||||||||||
UNSECURED_BANK_CREDIT_FACILITI
UNSECURED BANK CREDIT FACILITIES | 12 Months Ended |
Dec. 31, 2013 | |
Line of Credit Facility [Abstract] | ' |
UNSECURED BANK CREDIT FACILITIES | ' |
EastGroup repaid and replaced its former $200 million credit facility in January 2013 with a new $225 million unsecured revolving credit facility with a group of nine banks that matures in January 2017. The credit facility contains options for a one-year extension and a $100 million expansion. The interest rate on each tranche is usually reset on a monthly basis and as of December 31, 2013, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. At December 31, 2013, the weighted average interest rate was 1.343% on a balance of $85,000,000. The Company had an additional $140,000,000 remaining on the unsecured bank credit facility at that date. | |
Also in January 2013, EastGroup repaid and replaced its former $25 million credit facility with a new $25 million unsecured revolving credit facility with PNC Bank, N.A. that matures in January 2017. This credit facility automatically extends for one year if the extension option in the new $225 million revolving credit facility is exercised. The interest rate is reset on a daily basis and as of December 31, 2013, was LIBOR plus 117.5 basis points with an annual facility fee of 22.5 basis points. The margin and facility fee are subject to changes in the Company's credit ratings. At December 31, 2013, the interest rate was 1.343% on a balance of $3,952,000. The Company had an additional $21,048,000 remaining on the unsecured bank credit facility at that date. | |
Average unsecured bank credit facilities borrowings were $112,971,000 in 2013 compared to $85,113,000 in 2012 with weighted average interest rates of 1.87% in 2013 compared to 1.61% in 2012. Weighted average interest rates (including amortization of loan costs) were 2.23% for 2013 and 2.01% for 2012. Amortization of unsecured bank credit facilities costs was $410,000, $342,000 and $300,000 for 2013, 2012 and 2011, respectively. | |
The Company’s unsecured bank credit facilities have certain restrictive covenants, such as maintaining debt service coverage and leverage ratios and maintaining insurance coverage, and the Company was in compliance with all of its debt covenants at December 31, 2013. |
ACCOUNTS_PAYABLE_AND_ACCRUED_E
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Payables and Accruals [Abstract] | ' | ||||||
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | ' | ||||||
ACCOUNTS PAYABLE AND ACCRUED EXPENSES | |||||||
A summary of the Company’s Accounts Payable and Accrued Expenses follows: | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
(In thousands) | |||||||
Property taxes payable | $ | 15,507 | 12,107 | ||||
Development costs payable | 7,679 | 7,170 | |||||
Interest payable | 3,658 | 2,615 | |||||
Dividends payable on unvested restricted stock | 1,928 | 1,191 | |||||
Other payables and accrued expenses | 8,332 | 5,831 | |||||
Total Accounts Payable and Accrued Expenses | $ | 37,104 | 28,914 | ||||
OTHER_LIABILITIES
OTHER LIABILITIES | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||
OTHER LIABILITIES | ' | ||||||
OTHER LIABILITIES | |||||||
A summary of the Company’s Other Liabilities follows: | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
(In thousands) | |||||||
Security deposits | $ | 11,359 | 9,668 | ||||
Prepaid rent and other deferred income | 10,101 | 7,930 | |||||
Acquired below-market lease intangibles | 2,972 | 1,541 | |||||
Accumulated amortization of below-market lease intangibles | (874 | ) | (391 | ) | |||
Acquired below-market lease intangibles, net of accumulated amortization | 2,098 | 1,150 | |||||
Interest rate swap liabilities | 244 | 645 | |||||
Other liabilities | 56 | 693 | |||||
Total Other Liabilities | $ | 23,858 | 20,086 | ||||
COMMON_STOCK_ACTIVITY
COMMON STOCK ACTIVITY | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
COMMON STOCK ACTIVITY | ' | ||||||||
COMMON STOCK ACTIVITY | |||||||||
The following table presents the common stock activity for the three years ended December 31, 2013: | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Common Shares | |||||||||
Shares outstanding at beginning of year | 29,928,490 | 27,658,059 | 26,973,531 | ||||||
Common stock offerings | 890,085 | 2,179,153 | 586,977 | ||||||
Stock options exercised | 4,500 | 4,500 | 9,250 | ||||||
Dividend reinvestment plan | 3,577 | 3,915 | 5,989 | ||||||
Incentive restricted stock granted | 112,099 | 111,732 | 79,491 | ||||||
Incentive restricted stock forfeited | — | — | (233 | ) | |||||
Director common stock awarded | 7,469 | 7,326 | 6,618 | ||||||
Director restricted stock granted | 417 | — | — | ||||||
Restricted stock withheld for tax obligations | (9,412 | ) | (36,195 | ) | (3,564 | ) | |||
Shares outstanding at end of year | 30,937,225 | 29,928,490 | 27,658,059 | ||||||
Common Stock Issuances | |||||||||
During 2013, EastGroup issued 890,085 shares of its common stock through its continuous common equity program with net proceeds to the company of $53.2 million. | |||||||||
During 2012, EastGroup issued 2,179,153 shares of its common stock through its continuous common equity program with net proceeds to the Company of $109.6 million. | |||||||||
During 2011, EastGroup issued 586,977 shares of its common stock through its continuous common equity program with net proceeds to the Company of $25.2 million. | |||||||||
Dividend Reinvestment Plan | |||||||||
The Company has a dividend reinvestment plan that allows stockholders to reinvest cash distributions in new shares of the Company. |
STOCKBASED_COMPENSATION
STOCK-BASED COMPENSATION | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
STOCK-BASED COMPENSATION | ' | ||||||||||||||||||||
STOCK-BASED COMPENSATION | |||||||||||||||||||||
The Company follows the provisions of ASC 718, Compensation – Stock Compensation, to account for its stock-based compensation plans. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the financial statements and that the cost be measured on the fair value of the equity or liability instruments issued. | |||||||||||||||||||||
Equity Incentive Plan | |||||||||||||||||||||
In May 2004, the stockholders of the Company approved the EastGroup Properties, Inc. 2004 Equity Incentive Plan (the “2004 Plan”) that authorized the issuance of up to 1,900,000 shares of common stock to employees in the form of options, stock appreciation rights, restricted stock, deferred stock units, performance shares, bonus stock or stock in lieu of cash compensation. The 2004 Plan was further amended by the Board of Directors in September 2005 and December 2006. | |||||||||||||||||||||
In April 2013, the Board of Directors adopted the EastGroup Properties, Inc. 2013 Equity Incentive Plan (the “2013 Equity Plan”) upon the recommendation of the Compensation Committee; the 2013 Equity Plan was approved by the Company's stockholders and became effective May 29, 2013. The 2013 Equity Plan replaced the 2004 Plan and the 2005 Directors Equity Incentive Plan. The 2013 Equity Plan permits the grant of awards to employees and directors with respect to 2,000,000 shares of common stock. | |||||||||||||||||||||
There were 1,971,164 total shares available for grant under the 2013 Equity Plan as of December 31, 2013. Under the 2004 Plan, total shares available for grant were 1,330,619 and 1,406,156 at December 31, 2012 and 2011, respectively. Typically, the Company issues new shares to fulfill stock grants. | |||||||||||||||||||||
Stock-based compensation cost was $5,087,000, $4,087,000 and $2,486,000 for 2013, 2012 and 2011, respectively, of which $1,253,000, $920,000 and $304,000 were capitalized as part of the Company’s development costs for the respective years. | |||||||||||||||||||||
Employee Equity Awards | |||||||||||||||||||||
The purpose of the restricted stock plan is to act as a retention device since it allows participants to benefit from dividends on shares as well as potential stock appreciation. The vesting periods of the Company’s restricted stock plans vary, as determined by the Compensation Committee. Restricted stock is granted to executive officers subject to both continued service and the satisfaction of certain annual performance goals and multi-year market conditions as determined by the Compensation Committee. Restricted stock is granted to non-executive officers subject only to continued service. The cost for performance-based awards is amortized using the graded vesting attribution method which recognizes each separate vesting portion of the award as a separate award on a straight-line basis over the requisite service period. This method accelerates the expensing of the award compared to the straight-line method. The cost for market-based awards and awards that only require service is amortized on a straight-line basis over the requisite service periods. | |||||||||||||||||||||
The total compensation expense for service and performance based awards is based upon the fair market value of the shares on the grant date, adjusted for estimated forfeitures. The grant date fair value for awards that have been granted and are subject to a future market condition (total shareholder return) is determined using a simulation pricing model developed to specifically accommodate the unique features of the awards. | |||||||||||||||||||||
In March 2013, the Compensation Committee evaluated the Company's performance compared to a variety of goals for the year ended December 31, 2012. Based on the evaluation, 36,813 shares were awarded to the Company’s executive officers at a weighted average grant date fair value of $57.10 per share. These shares vested 20% on the dates shares were determined and awarded and will vest 20% per year on January 1 in years 2014, 2015, 2016 and 2017. The shares will be expensed on a straight-line basis over the remaining service period. | |||||||||||||||||||||
Also in March 2013, the Committee evaluated the Company’s absolute and relative total stockholder return compared to the NAREIT Equity Index, NAREIT Industrial Index and Russell 2000 Index for the five-year period ended December 31, 2012. Based on the evaluation, 54,336 shares were awarded to the Company’s executive officers at a weighted average grant date fair value of $57.11 per share. These shares vested 25% on the dates shares were awarded and will vest 25% per year on January 1 in years 2014, 2015 and 2016. The shares will be expensed on a straight-line basis over the remaining service period. | |||||||||||||||||||||
In the second quarter of 2013, the Company’s Board of Directors approved an equity compensation plan for its executive officers based upon the attainment of certain annual performance goals (primarily funds from operations (FFO) per share and total shareholder return). These goals are for the year ended December 31, 2013, so any shares issued upon attainment of these goals will be determined by the Compensation Committee and issued in the first quarter of 2014. The number of shares to be issued on the grant date could range from zero to 42,780. These shares will vest 20% on the date shares are determined and awarded and generally will vest 20% per year on each January 1 for the subsequent four years. | |||||||||||||||||||||
Also in the second quarter of 2013, EastGroup’s Board of Directors approved a long-term equity compensation plan for the Company’s executive officers. The awards will be based on the results of the Company's total shareholder return, both on an absolute basis for 2013 as well as on a relative basis compared to the NAREIT Equity Index, NAREIT Industrial Index and Russell 2000 Index over the five-year period ended December 31, 2013. Any shares issued pursuant to this equity compensation plan will be determined by the Compensation Committee and issued in the first quarter of 2014. The number of shares to be issued on the grant date could range from zero to 45,288. These shares will vest 25% on the date shares are determined and awarded and generally will vest 25% per year on each January 1 for the subsequent three years. | |||||||||||||||||||||
Notwithstanding the foregoing, shares issued to the Company’s Chief Executive Officer, David H. Hoster II, and Chief Financial Officer, N. Keith McKey, will become fully vested no later than January 1, 2016 and April 6, 2016, respectively. | |||||||||||||||||||||
In the third quarter of 2013, 20,950 shares were granted to certain non-executive officers subject only to continued service as of the vesting date. These shares, which have a grant date fair value of $55.34 per share, will vest 20% per year on January 1 in years 2014, 2015, 2016, 2017 and 2018. | |||||||||||||||||||||
During the restricted period for awards no longer subject to contingencies, the Company accrues dividends and holds the certificates for the shares; however, the employee can vote the shares. For shares subject to contingencies, dividends are accrued based upon the number of shares expected to be awarded. Share certificates and dividends are delivered to the employee as they vest. As of December 31, 2013, there was $8,596,000 of unrecognized compensation cost related to unvested restricted stock compensation that is expected to be recognized over a weighted average period of 2.93 years. | |||||||||||||||||||||
Following is a summary of the total restricted shares granted, forfeited and delivered (vested) to employees with the related weighted average grant date fair value share prices for 2013, 2012 and 2011. Of the shares that vested in 2013, 2012 and 2011, 9,412 shares, 36,195 shares and 3,564 shares, respectively, were withheld by the Company to satisfy the tax obligations for those employees who elected this option as permitted under the applicable equity plan. As shown in the table below, the fair value of shares that were granted during 2013, 2012 and 2011 was $6,364,000, $5,451,000 and $3,576,000, respectively. As of the vesting date, the fair value of shares that vested during 2013, 2012 and 2011 was $1,700,000, $6,630,000 and $613,000, respectively. | |||||||||||||||||||||
Restricted Stock Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average | Weighted Average | Weighted Average | |||||||||||||||||||
Shares | Grant Date | Shares | Grant Date | Shares | Grant Date | ||||||||||||||||
Fair Value | Fair Value | Fair Value | |||||||||||||||||||
Unvested at beginning of year | 212,206 | $ | 42.84 | 235,929 | $ | 38.9 | 170,575 | $ | 36.29 | ||||||||||||
Granted | 112,099 | 56.77 | 111,732 | 48.79 | 79,491 | 44.99 | |||||||||||||||
Forfeited | — | — | — | — | (233 | ) | 35.85 | ||||||||||||||
Vested | (30,316 | ) | 52.32 | (135,455 | ) | 40.88 | (13,904 | ) | 41.77 | ||||||||||||
Unvested at end of year | 293,989 | 47.17 | 212,206 | 42.84 | 235,929 | 38.9 | |||||||||||||||
Following is a vesting schedule of the total unvested shares as of December 31, 2013: | |||||||||||||||||||||
Unvested Shares Vesting Schedule | Number of Shares | ||||||||||||||||||||
2014 | 80,579 | ||||||||||||||||||||
2015 | 73,066 | ||||||||||||||||||||
2016 | 65,117 | ||||||||||||||||||||
2017 | 23,037 | ||||||||||||||||||||
2018 | 16,190 | ||||||||||||||||||||
2019 | 16,200 | ||||||||||||||||||||
2020 | 19,800 | ||||||||||||||||||||
Total Unvested Shares | 293,989 | ||||||||||||||||||||
Employee Stock Options | |||||||||||||||||||||
The Company has not granted stock options to employees since 2002. Outstanding employee stock options vested equally over a two-year period; accordingly, all options are now vested. There were no employee stock option exercises during 2013 or 2012. The intrinsic value realized by employees from the exercise of options during 2011 was $5,000. There were no employee stock options granted, forfeited, or expired during the years presented. Following is a summary of the total employee stock options exercised with related weighted average exercise share prices for 2013, 2012 and 2011. | |||||||||||||||||||||
Stock Option Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average Exercise Price | Weighted Average Exercise Price | Weighted Average Exercise Price | |||||||||||||||||||
Shares | Shares | Shares | |||||||||||||||||||
Outstanding at beginning of year | — | $ | — | — | $ | — | 250 | $ | 25.3 | ||||||||||||
Exercised | — | — | — | — | (250 | ) | 25.3 | ||||||||||||||
Outstanding at end of year | — | — | — | — | — | — | |||||||||||||||
Exercisable at end of year | — | $ | — | — | $ | — | — | $ | — | ||||||||||||
Directors Equity Awards | |||||||||||||||||||||
The Company previously had a directors equity plan that was approved by stockholders and adopted in 2005 (the "2005 Plan"), which authorized the issuance of up to 50,000 shares of common stock through awards of shares and restricted shares granted to non-employee directors of the Company. The 2005 Plan was further amended by the Board of Directors in May 2006, May 2008, May 2011 and May 2012. The 2005 Plan was replaced by the 2013 Equity Plan effective May 29, 2013, and the Board of Directors has adopted a policy under the 2013 Equity Plan pursuant to which awards will be made to non-employee Directors. The current policy provides that the Company shall automatically award an annual retainer share award to each non-employee Director who has been elected or reelected as a member of the Board of Directors at the Annual Meeting. The number of shares shall be equal to $70,000 divided by the fair market value of a share on the date of such election. If a non-employee Director is elected or appointed to the Board of Directors other than at an Annual Meeting of the Company, the annual retainer share award shall be pro rated. The policy also provides that each new non-employee Director appointed or elected will receive an automatic award of restricted shares of Common Stock on the effective date of election or appointment equal to $25,000 divided by the fair market value of the Company's Common Stock on such date. These restricted shares will vest over a four-year period upon the performance of future service as a Director, subject to certain exceptions. | |||||||||||||||||||||
Directors were issued 7,469 shares, 7,326 shares and 6,618 shares of common stock as annual retainer awards for 2013, 2012 and 2011, respectively. In addition, during 2013, 417 shares were granted to a newly elected non-employee Director subject only to continued service as of the vesting date. The shares, which have a grant date fair value of $59.97 per share, will vest 25% per year on December 6 in years 2014, 2015, 2016 and 2017. Stock-based compensation expense for directors was $395,000, $330,000 and $270,000 for 2013, 2012 and 2011, respectively. | |||||||||||||||||||||
The intrinsic value realized by directors from the exercise of options was $172,000, $116,000 and $183,000 for 2013, 2012 and 2011, respectively. There were no director stock options granted or expired during the years presented below. Following is a summary of the total director stock options exercised with related weighted average exercise share prices for 2013, 2012 and 2011. | |||||||||||||||||||||
Stock Option Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average Exercise Price | Weighted Average Exercise Price | Weighted Average Exercise Price | |||||||||||||||||||
Shares | Shares | Shares | |||||||||||||||||||
Outstanding at beginning of year | 4,500 | $ | 26.6 | 9,000 | $ | 25.31 | 18,000 | $ | 24.33 | ||||||||||||
Exercised | (4,500 | ) | 26.6 | (4,500 | ) | 24.02 | (9,000 | ) | 23.36 | ||||||||||||
Outstanding at end of year | — | — | 4,500 | 26.6 | 9,000 | 25.31 | |||||||||||||||
Exercisable at end of year | — | $ | — | 4,500 | $ | 26.6 | 9,000 | $ | 25.31 | ||||||||||||
COMPREHENSIVE_INCOME
COMPREHENSIVE INCOME | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||
COMPREHENSIVE INCOME | ' | |||||||||
COMPREHENSIVE INCOME | ||||||||||
Total Comprehensive Income is comprised of net income plus all other changes in equity from non-owner sources and is presented on the Consolidated Statements of Income and Comprehensive Income. The components of Accumulated Other Comprehensive Income (Loss) for 2013, 2012 and 2011 are presented in the Company’s Consolidated Statements of Changes in Equity and are summarized below. See Note 13 for additional information on the Company’s interest rate swaps. | ||||||||||
2013 | 2012 | 2011 | ||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS): | (In thousands) | |||||||||
Balance at beginning of year | $ | (392 | ) | — | — | |||||
Change in fair value of interest rate swaps | 2,021 | (392 | ) | — | ||||||
Balance at end of year | $ | 1,629 | (392 | ) | — | |||||
DERIVATIVE_INSTRUMENTS_AND_HED
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | ' | |||||||||||
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | ||||||||||||
The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risk, including interest rate, liquidity and credit risk primarily by managing the amount, sources, and duration of its debt funding and, to a limited extent, the use of derivative instruments. | ||||||||||||
Specifically, the Company has entered into derivative instruments to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative instruments, described below, are used to manage differences in the amount, timing and duration of the Company's known or expected cash payments principally related to certain of the Company's borrowings. | ||||||||||||
The Company's objective in using interest rate derivatives is to manage exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. | ||||||||||||
The Company currently has three interest rate swaps outstanding, all of which are used to hedge the variable cash flows associated with unsecured loans. The Company executed one $80,000,000 interest rate swap associated with an $80,000,000 unsecured loan during the third quarter of 2012. The interest rate swap converts the loan's LIBOR rate component to a fixed interest rate for the entire term of the loan, and the Company has concluded that the hedging relationship is highly effective. During the third quarter of 2013, the Company entered into two forward starting interest rate swaps totaling $75,000,000 which are hedging an unsecured loan which closed in December 2013; the swaps convert the loan's LIBOR rate component to a fixed interest rate for the entire term of the loan, and the Company has concluded that the hedging relationships are highly effective. | ||||||||||||
The effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives, which is immaterial for the periods reported, is recognized directly in earnings (included in Other on the Consolidated Statements of Income and Comprehensive Income). | ||||||||||||
Amounts reported in Other Comprehensive Income related to derivatives will be reclassified to Interest Expense as interest payments are made on the Company's variable-rate debt. The Company estimates that an additional $2,183,000 will be reclassified from Other Comprehensive Income as an increase to Interest Expense over the next twelve months. | ||||||||||||
As of January 1, 2013, the Company changed its valuation methodology for over-the-counter (“OTC”) derivatives to discount cash flows based on Overnight Index Swap (“OIS”) rates. Uncollateralized or partially-collateralized trades are discounted at OIS, but include appropriate economic adjustments for funding costs (i.e., a LIBOR-OIS basis adjustment to approximate uncollateralized cost of funds) and credit risk. The Company made the changes to better align its inputs, assumptions, and pricing methodologies with those used in its principal market by most dealers and major market participants. The changes in valuation methodology were applied prospectively as a change in accounting estimate and are immaterial to the Company's financial statements. | ||||||||||||
As of December 31, 2013 and December 31, 2012, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk: | ||||||||||||
Interest Rate Derivative | Notional Amount as of December 31, 2013 | Notional Amount as of December 31, 2012 | ||||||||||
Interest Rate Swap | $80,000,000 | $80,000,000 | ||||||||||
Interest Rate Swap | $60,000,000 | — | ||||||||||
Interest Rate Swap | $15,000,000 | — | ||||||||||
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2013 and December 31, 2012. See Note 18 for additional information on the fair value of the Company's interest rate swaps. | ||||||||||||
Derivatives | Derivatives | |||||||||||
As of December 31, 2013 | As of December 31, 2012 | |||||||||||
Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | |||||||||
Derivatives designated as cash flow hedges: | ||||||||||||
Interest rate swap assets | Other Assets | $ | 1,692,000 | Other Assets | $ | — | ||||||
Interest rate swap liabilities | Other Liabilities | 244,000 | Other Liabilities | 645,000 | ||||||||
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2013, 2012 and 2011: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS | ||||||||||||
Interest Rate Swaps: | ||||||||||||
Amount of income (loss) recognized in Other Comprehensive Income on derivative | $ | 1,350 | (593 | ) | — | |||||||
Amount of loss reclassified from Accumulated Other Comprehensive Income (Loss) into Interest Expense | (671 | ) | (201 | ) | — | |||||||
MARK TO MARKET DERIVATIVES | ||||||||||||
Interest Rate Swaps: | ||||||||||||
Amount of loss recognized in earnings upon swap designation | — | (242 | ) | — | ||||||||
See Note 12 for additional information on the Company's Accumulated Other Comprehensive Income (Loss) resulting from its interest rate swaps. | ||||||||||||
Derivative financial agreements expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company believes it minimizes the credit risk by transacting with major credit-worthy financial institutions. | ||||||||||||
The Company has an agreement with its derivative counterparty containing a provision stating that the Company could be declared in default on its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender. | ||||||||||||
As of December 31, 2013, the fair value of derivatives in an asset position related to these agreements was $1,692,000, and the fair value of derivatives in a liability position related to these agreements was $244,000. If the Company breached any of the contractual provisions of the derivative contract, it would be required to settle its obligation under the agreements at the swap termination value. As of December 31, 2013, the swap termination value of derivatives in an asset position was an asset in the amount of $1,760,000, and the swap termination value of derivatives in a liability position was a liability in the amount of $171,000. |
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
EARNINGS PER SHARE | ' | |||||||||
EARNINGS PER SHARE | ||||||||||
The Company applies ASC 260, Earnings Per Share, which requires companies to present basic and diluted EPS. Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows: | ||||||||||
2013 | 2012 | 2011 | ||||||||
(In thousands) | ||||||||||
BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO | ||||||||||
EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ||||||||||
Numerator – net income attributable to common stockholders | $ | 32,615 | 32,384 | 22,359 | ||||||
Denominator – weighted average shares outstanding | 30,162 | 28,577 | 26,897 | |||||||
DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE | ||||||||||
TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ||||||||||
Numerator – net income attributable to common stockholders | $ | 32,615 | 32,384 | 22,359 | ||||||
Denominator: | ||||||||||
Weighted average shares outstanding | 30,162 | 28,577 | 26,897 | |||||||
Common stock options | 1 | 3 | 6 | |||||||
Unvested restricted stock | 106 | 97 | 68 | |||||||
Total Shares | 30,269 | 28,677 | 26,971 | |||||||
QUARTERLY_RESULTS_OF_OPERATION
QUARTERLY RESULTS OF OPERATIONS - UNAUDITED | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
QUARTERLY RESULTS OF OPERATIONS - UNAUDITED | ' | ||||||||||||||||||||||||
QUARTERLY RESULTS OF OPERATIONS – UNAUDITED | |||||||||||||||||||||||||
2013 Quarter Ended | 2012 Quarter Ended | ||||||||||||||||||||||||
31-Mar | 30-Jun | 30-Sep | 31-Dec | 31-Mar | 30-Jun | 30-Sep | 31-Dec | ||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
Revenues | $ | 48,424 | 49,351 | 51,427 | 53,918 | 46,462 | 46,289 | 46,794 | 47,024 | ||||||||||||||||
Expenses | (41,117 | ) | (41,596 | ) | (42,932 | ) | (45,137 | ) | (41,165 | ) | (40,175 | ) | (40,001 | ) | (39,211 | ) | |||||||||
Income from continuing operations | 7,307 | 7,755 | 8,495 | 8,781 | 5,297 | 6,114 | 6,793 | 7,813 | |||||||||||||||||
Income from discontinued operations | 1 | 35 | 19 | 832 | 225 | 1,970 | 104 | 4,572 | |||||||||||||||||
Net income | 7,308 | 7,790 | 8,514 | 9,613 | 5,522 | 8,084 | 6,897 | 12,385 | |||||||||||||||||
Net income attributable to | (154 | ) | (147 | ) | (151 | ) | (158 | ) | (119 | ) | (111 | ) | (126 | ) | (147 | ) | |||||||||
noncontrolling interest in joint ventures | |||||||||||||||||||||||||
Net income attributable to EastGroup | $ | 7,154 | 7,643 | 8,363 | 9,455 | 5,403 | 7,973 | 6,771 | 12,238 | ||||||||||||||||
Properties, Inc. common stockholders | |||||||||||||||||||||||||
BASIC PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS (1) | |||||||||||||||||||||||||
Net income attributable to common | $ | 0.24 | 0.25 | 0.28 | 0.31 | 0.2 | 0.28 | 0.23 | 0.41 | ||||||||||||||||
stockholders | |||||||||||||||||||||||||
Weighted average shares outstanding | 29,809 | 29,991 | 30,281 | 30,556 | 27,647 | 28,246 | 28,912 | 29,491 | |||||||||||||||||
DILUTED PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS (1) | |||||||||||||||||||||||||
Net income attributable to common | $ | 0.24 | 0.25 | 0.28 | 0.31 | 0.19 | 0.28 | 0.23 | 0.41 | ||||||||||||||||
stockholders | |||||||||||||||||||||||||
Weighted average shares outstanding | 29,890 | 30,096 | 30,400 | 30,699 | 27,718 | 28,341 | 29,030 | 29,614 | |||||||||||||||||
-1 | The above quarterly earnings per share calculations are based on the weighted average number of common shares outstanding during each quarter for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each quarter for diluted earnings per share. The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of common shares outstanding during each year for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each year for diluted earnings per share. The sum of quarterly financial data may vary from the annual data due to rounding. |
DEFINED_CONTRIBUTION_PLAN
DEFINED CONTRIBUTION PLAN | 12 Months Ended |
Dec. 31, 2013 | |
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | ' |
DEFINED CONTRIBUTION PLAN | ' |
DEFINED CONTRIBUTION PLAN | |
EastGroup maintains a 401(k) plan for its employees. The Company makes matching contributions of 50% of the employee’s contribution (limited to 10% of compensation as defined by the plan) and may also make annual discretionary contributions. The Company’s total expense for this plan was $550,000, $425,000 and $382,000 for 2013, 2012 and 2011, respectively. |
LEGAL_MATTERS
LEGAL MATTERS | 12 Months Ended |
Dec. 31, 2013 | |
Loss Contingency [Abstract] | ' |
LEGAL MATTERS | ' |
LEGAL MATTERS | |
The Company is not presently involved in any material litigation nor, to its knowledge, is any material litigation threatened against the Company or its properties, other than routine litigation arising in the ordinary course of business. |
FAIR_VALUE_OF_FINANCIAL_INSTRU
FAIR VALUE OF FINANCIAL INSTRUMENTS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||
FAIR VALUE OF FINANCIAL INSTRUMENTS | ' | ||||||||||||
FAIR VALUE OF FINANCIAL INSTRUMENTS | |||||||||||||
ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides guidance for using fair value to measure financial assets and liabilities. The Codification requires disclosure of the level within the fair value hierarchy in which the fair value measurements fall, including measurements using quoted prices in active markets for identical assets or liabilities (Level 1), quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active (Level 2), and significant valuation assumptions that are not readily observable in the market (Level 3). | |||||||||||||
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at December 31, 2013 and 2012. | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||
Amount (1) | Value | Amount (1) | Value | ||||||||||
(In thousands) | |||||||||||||
Financial Assets: | |||||||||||||
Cash and cash equivalents | $ | 8 | 8 | 1,258 | 1,258 | ||||||||
Mortgage loans receivable, net of discount | 8,870 | 9,040 | 9,323 | 9,748 | |||||||||
Interest rate swap assets | 1,692 | 1,692 | — | — | |||||||||
Financial Liabilities: | |||||||||||||
Secured debt | 499,793 | 519,390 | 607,766 | 661,408 | |||||||||
Unsecured debt | 305,000 | 294,860 | 130,000 | 130,776 | |||||||||
Unsecured bank credit facilities | 88,952 | 89,140 | 76,160 | 76,160 | |||||||||
Interest rate swap liabilities | 244 | 244 | 645 | 645 | |||||||||
-1 | Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as indicated in the notes below. | ||||||||||||
The following methods and assumptions were used to estimate the fair value of each class of financial instruments: | |||||||||||||
Cash and cash equivalents: The carrying amounts approximate fair value due to the short maturity of those instruments. | |||||||||||||
Mortgage loans receivable, net of discount (included in Other Assets on the Consolidated Balance Sheets): The fair value is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (Level 2 input). | |||||||||||||
Interest rate swap assets (included in Other Assets on the Consolidated Balances Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps. | |||||||||||||
Secured debt: The fair value of the Company’s secured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input). | |||||||||||||
Unsecured debt: The fair value of the Company’s unsecured debt is estimated by discounting expected cash flows at the rates currently offered to the Company for debt of the same remaining maturities, as advised by the Company’s bankers (Level 2 input). | |||||||||||||
Unsecured bank credit facilities: The fair value of the Company’s unsecured bank credit facilities is estimated by discounting expected cash flows at current market rates (Level 2 input). | |||||||||||||
Interest rate swap liabilities (included in Other Liabilities on the Consolidated Balance Sheets): The instruments are recorded at fair value based on models using inputs, such as interest rate yield curves, LIBOR swap curves and OIS curves, observable for substantially the full term of the contract (Level 2 input). See Note 13 for additional information on the Company's interest rate swaps. |
SUBSEQUENT_EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
SUBSEQUENT EVENTS | |
EastGroup noted no significant subsequent events through February 14, 2014. |
SCHEDULE_III
SCHEDULE III | 12 Months Ended | |||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||
SCHEDULE III | ' | |||||||||||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Real Estate Properties (c): | ||||||||||||||||||||||||||||||
Industrial: | ||||||||||||||||||||||||||||||
FLORIDA | ||||||||||||||||||||||||||||||
Tampa | ||||||||||||||||||||||||||||||
56th Street Commerce Park | $ | — | 843 | 3,567 | 3,862 | 843 | 7,429 | 8,272 | 4,984 | 1993 | 1981/86/97 | |||||||||||||||||||
Jetport Commerce Park | — | 1,575 | 6,591 | 4,473 | 1,575 | 11,064 | 12,639 | 6,796 | 1993-99 | 1974-85 | ||||||||||||||||||||
Westport Commerce Center | — | 980 | 3,800 | 2,447 | 980 | 6,247 | 7,227 | 3,926 | 1994 | 1983/87 | ||||||||||||||||||||
Benjamin Distribution Center I & II | — | 843 | 3,963 | 1,355 | 883 | 5,278 | 6,161 | 3,156 | 1997 | 1996 | ||||||||||||||||||||
Benjamin Distribution Center III | — | 407 | 1,503 | 458 | 407 | 1,961 | 2,368 | 1,414 | 1999 | 1988 | ||||||||||||||||||||
Palm River Center | — | 1,190 | 4,625 | 2,208 | 1,190 | 6,833 | 8,023 | 3,844 | 1997/98 | 1990/97/98 | ||||||||||||||||||||
Palm River North I & III (i) | 5,019 | 1,005 | 4,688 | 2,245 | 1,005 | 6,933 | 7,938 | 3,498 | 1998 | 2000 | ||||||||||||||||||||
Palm River North II (i) | 4,605 | 634 | 4,418 | 381 | 634 | 4,799 | 5,433 | 2,908 | 1997/98 | 1999 | ||||||||||||||||||||
Palm River South I | — | 655 | 3,187 | 557 | 655 | 3,744 | 4,399 | 1,408 | 2000 | 2005 | ||||||||||||||||||||
Palm River South II | — | 655 | — | 4,360 | 655 | 4,360 | 5,015 | 1,743 | 2000 | 2006 | ||||||||||||||||||||
Walden Distribution Center I | — | 337 | 3,318 | 447 | 337 | 3,765 | 4,102 | 1,720 | 1997/98 | 2001 | ||||||||||||||||||||
Walden Distribution Center II | — | 465 | 3,738 | 932 | 465 | 4,670 | 5,135 | 2,256 | 1998 | 1998 | ||||||||||||||||||||
Oak Creek Distribution Center I | — | 1,109 | 6,126 | 1,364 | 1,109 | 7,490 | 8,599 | 2,961 | 1998 | 1998 | ||||||||||||||||||||
Oak Creek Distribution Center II | — | 647 | 3,603 | 1,046 | 647 | 4,649 | 5,296 | 1,799 | 2003 | 2001 | ||||||||||||||||||||
Oak Creek Distribution Center III | — | 439 | — | 3,178 | 556 | 3,061 | 3,617 | 861 | 2005 | 2007 | ||||||||||||||||||||
Oak Creek Distribution Center IV | — | 805 | 6,472 | 578 | 805 | 7,050 | 7,855 | 1,857 | 2005 | 2001 | ||||||||||||||||||||
Oak Creek Distribution Center V | — | 724 | — | 5,815 | 916 | 5,623 | 6,539 | 1,593 | 2005 | 2007 | ||||||||||||||||||||
Oak Creek Distribution Center VI | — | 642 | — | 5,039 | 812 | 4,869 | 5,681 | 1,002 | 2005 | 2008 | ||||||||||||||||||||
Oak Creek Distribution Center IX | — | 618 | — | 4,918 | 781 | 4,755 | 5,536 | 729 | 2005 | 2009 | ||||||||||||||||||||
Oak Creek Distribution Center A | — | 185 | — | 1,428 | 185 | 1,428 | 1,613 | 280 | 2005 | 2008 | ||||||||||||||||||||
Oak Creek Distribution Center B | — | 227 | — | 1,485 | 227 | 1,485 | 1,712 | 277 | 2005 | 2008 | ||||||||||||||||||||
Airport Commerce Center | — | 1,257 | 4,012 | 825 | 1,257 | 4,837 | 6,094 | 2,204 | 1998 | 1998 | ||||||||||||||||||||
Westlake Distribution Center (i) | 6,394 | 1,333 | 6,998 | 1,638 | 1,333 | 8,636 | 9,969 | 4,309 | 1998 | 1998/99 | ||||||||||||||||||||
Expressway Commerce Center I | — | 915 | 5,346 | 1,026 | 915 | 6,372 | 7,287 | 2,537 | 2002 | 2004 | ||||||||||||||||||||
Expressway Commerce Center II | — | 1,013 | 3,247 | 367 | 1,013 | 3,614 | 4,627 | 1,535 | 2003 | 2001 | ||||||||||||||||||||
Silo Bend Distribution Center | — | 4,131 | 27,497 | 533 | 4,131 | 28,030 | 32,161 | 2,337 | 2011 | 1987/90 | ||||||||||||||||||||
Tampa East Distribution Center | — | 791 | 4,758 | 26 | 791 | 4,784 | 5,575 | 562 | 2011 | 1984 | ||||||||||||||||||||
Tampa West Distribution Center | — | 2,246 | 8,868 | 905 | 2,246 | 9,773 | 12,019 | 908 | 2011 | 1975/93/94 | ||||||||||||||||||||
Madison Distribution Center | — | 495 | 2,779 | 254 | 495 | 3,033 | 3,528 | 259 | 2012 | 2007 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Orlando | ||||||||||||||||||||||||||||||
Chancellor Center | — | 291 | 1,711 | 217 | 291 | 1,928 | 2,219 | 1,009 | 1996/97 | 1996/97 | ||||||||||||||||||||
Exchange Distribution Center I | — | 603 | 2,414 | 2,019 | 603 | 4,433 | 5,036 | 2,838 | 1994 | 1975 | ||||||||||||||||||||
Exchange Distribution Center II | — | 300 | 945 | 266 | 300 | 1,211 | 1,511 | 552 | 2002 | 1976 | ||||||||||||||||||||
Exchange Distribution Center III | — | 320 | 997 | 386 | 320 | 1,383 | 1,703 | 668 | 2002 | 1980 | ||||||||||||||||||||
Sunbelt Distribution Center | — | 1,474 | 5,745 | 5,287 | 1,474 | 11,032 | 12,506 | 6,955 | 1989/97/98 | 1974/87/97/98 | ||||||||||||||||||||
John Young Commerce Center I | — | 497 | 2,444 | 824 | 497 | 3,268 | 3,765 | 1,578 | 1997/98 | 1997/98 | ||||||||||||||||||||
John Young Commerce Center II | — | 512 | 3,613 | 191 | 512 | 3,804 | 4,316 | 2,199 | 1998 | 1999 | ||||||||||||||||||||
Altamonte Commerce Center I | — | 1,518 | 2,661 | 2,065 | 1,518 | 4,726 | 6,244 | 3,125 | 1999 | 1980/82 | ||||||||||||||||||||
Altamonte Commerce Center II | — | 745 | 2,618 | 1,089 | 745 | 3,707 | 4,452 | 1,610 | 2003 | 1975 | ||||||||||||||||||||
Sunport Center I | — | 555 | 1,977 | 667 | 555 | 2,644 | 3,199 | 1,232 | 1999 | 1999 | ||||||||||||||||||||
Sunport Center II | — | 597 | 3,271 | 1,436 | 597 | 4,707 | 5,304 | 2,981 | 1999 | 2001 | ||||||||||||||||||||
Sunport Center III | — | 642 | 3,121 | 755 | 642 | 3,876 | 4,518 | 1,705 | 1999 | 2002 | ||||||||||||||||||||
Sunport Center IV | — | 642 | 2,917 | 970 | 642 | 3,887 | 4,529 | 1,560 | 1999 | 2004 | ||||||||||||||||||||
Sunport Center V | — | 750 | 2,509 | 1,913 | 750 | 4,422 | 5,172 | 2,281 | 1999 | 2005 | ||||||||||||||||||||
Sunport Center VI | — | 672 | — | 3,429 | 672 | 3,429 | 4,101 | 1,001 | 1999 | 2006 | ||||||||||||||||||||
Southridge Commerce Park I | — | 373 | — | 4,478 | 373 | 4,478 | 4,851 | 2,320 | 2003 | 2006 | ||||||||||||||||||||
Southridge Commerce Park II | — | 342 | — | 4,417 | 342 | 4,417 | 4,759 | 1,764 | 2003 | 2007 | ||||||||||||||||||||
Southridge Commerce Park III | — | 547 | — | 5,420 | 547 | 5,420 | 5,967 | 1,417 | 2003 | 2007 | ||||||||||||||||||||
Southridge Commerce Park IV (h) | 3,527 | 506 | — | 4,561 | 506 | 4,561 | 5,067 | 1,307 | 2003 | 2006 | ||||||||||||||||||||
Southridge Commerce Park V (h) | 3,248 | 382 | — | 4,283 | 382 | 4,283 | 4,665 | 1,580 | 2003 | 2006 | ||||||||||||||||||||
Southridge Commerce Park VI | — | 571 | — | 5,101 | 571 | 5,101 | 5,672 | 1,166 | 2003 | 2007 | ||||||||||||||||||||
Southridge Commerce Park VII | — | 520 | — | 6,295 | 520 | 6,295 | 6,815 | 1,549 | 2003 | 2008 | ||||||||||||||||||||
Southridge Commerce Park VIII | — | 531 | — | 6,254 | 531 | 6,254 | 6,785 | 1,178 | 2003 | 2008 | ||||||||||||||||||||
Southridge Commerce Park IX | — | 468 | — | 5,858 | 468 | 5,858 | 6,326 | 356 | 2003 | 2012 | ||||||||||||||||||||
Southridge Commerce Park X | — | 414 | — | 4,824 | 414 | 4,824 | 5,238 | 52 | 2003 | 2012 | ||||||||||||||||||||
Southridge Commerce Park XI | — | 513 | — | 5,795 | 513 | 5,795 | 6,308 | 149 | 2003 | 2012 | ||||||||||||||||||||
Southridge Commerce Park XII | — | 2,025 | — | 16,915 | 2,025 | 16,915 | 18,940 | 2,766 | 2005 | 2008 | ||||||||||||||||||||
Jacksonville | ||||||||||||||||||||||||||||||
Deerwood Distribution Center | — | 1,147 | 1,799 | 2,838 | 1,147 | 4,637 | 5,784 | 2,080 | 1989 | 1978 | ||||||||||||||||||||
Phillips Distribution Center | — | 1,375 | 2,961 | 4,250 | 1,375 | 7,211 | 8,586 | 4,405 | 1994 | 1984/95 | ||||||||||||||||||||
Lake Pointe Business Park (j) | 12,794 | 3,442 | 6,450 | 6,772 | 3,442 | 13,222 | 16,664 | 8,697 | 1993 | 1986/87 | ||||||||||||||||||||
Ellis Distribution Center | — | 540 | 7,513 | 969 | 540 | 8,482 | 9,022 | 3,765 | 1997 | 1977 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Westside Distribution Center | — | 1,170 | 12,400 | 4,508 | 1,170 | 16,908 | 18,078 | 8,652 | 1997 | 1984 | ||||||||||||||||||||
12th Street Distribution Center | — | 841 | 2,974 | 1,375 | 841 | 4,349 | 5,190 | 798 | 2008 | 1985 | ||||||||||||||||||||
Beach Commerce Center | — | 476 | 1,899 | 614 | 476 | 2,513 | 2,989 | 1,130 | 2000 | 2000 | ||||||||||||||||||||
Interstate Distribution Center | — | 1,879 | 5,700 | 1,549 | 1,879 | 7,249 | 9,128 | 2,866 | 2005 | 1990 | ||||||||||||||||||||
Fort Lauderdale/Palm Beach area | ||||||||||||||||||||||||||||||
Linpro Commerce Center | — | 613 | 2,243 | 1,567 | 616 | 3,807 | 4,423 | 2,732 | 1996 | 1986 | ||||||||||||||||||||
Cypress Creek Business Park | — | — | 2,465 | 1,630 | — | 4,095 | 4,095 | 2,426 | 1997 | 1986 | ||||||||||||||||||||
Lockhart Distribution Center | — | — | 3,489 | 2,282 | — | 5,771 | 5,771 | 3,384 | 1997 | 1986 | ||||||||||||||||||||
Interstate Commerce Center | — | 485 | 2,652 | 704 | 485 | 3,356 | 3,841 | 1,933 | 1998 | 1988 | ||||||||||||||||||||
Executive Airport Commerce Ctr (n) | 8,834 | 1,991 | 4,857 | 5,087 | 1,991 | 9,944 | 11,935 | 3,687 | 2001 | 2004/06 | ||||||||||||||||||||
Sample 95 Business Park | — | 2,202 | 8,785 | 2,907 | 2,202 | 11,692 | 13,894 | 6,404 | 1996/98 | 1990/99 | ||||||||||||||||||||
Blue Heron Distribution Center | — | 975 | 3,626 | 1,744 | 975 | 5,370 | 6,345 | 2,922 | 1999 | 1986 | ||||||||||||||||||||
Blue Heron Distribution Center II | 1,026 | 1,385 | 4,222 | 809 | 1,385 | 5,031 | 6,416 | 1,986 | 2004 | 1988 | ||||||||||||||||||||
Blue Heron Distribution Center III | — | 450 | — | 2,663 | 450 | 2,663 | 3,113 | 484 | 2004 | 2009 | ||||||||||||||||||||
Fort Myers | ||||||||||||||||||||||||||||||
SunCoast Commerce Center I | — | 911 | — | 4,758 | 928 | 4,741 | 5,669 | 1,213 | 2005 | 2008 | ||||||||||||||||||||
SunCoast Commerce Center II | — | 911 | — | 4,952 | 928 | 4,935 | 5,863 | 1,388 | 2005 | 2007 | ||||||||||||||||||||
SunCoast Commerce Center III | — | 1,720 | — | 6,376 | 1,763 | 6,333 | 8,096 | 1,168 | 2006 | 2008 | ||||||||||||||||||||
CALIFORNIA | ||||||||||||||||||||||||||||||
San Francisco area | ||||||||||||||||||||||||||||||
Wiegman Distribution Center I (k) | 10,870 | 2,197 | 8,788 | 1,836 | 2,308 | 10,513 | 12,821 | 4,916 | 1996 | 1986/87 | ||||||||||||||||||||
Wiegman Distribution Center II | — | 2,579 | 4,316 | 2 | 2,579 | 4,318 | 6,897 | 176 | 2012 | 1998 | ||||||||||||||||||||
Huntwood Distribution Center (k) | 17,963 | 3,842 | 15,368 | 1,990 | 3,842 | 17,358 | 21,200 | 8,474 | 1996 | 1988 | ||||||||||||||||||||
San Clemente Distribution Center | — | 893 | 2,004 | 852 | 893 | 2,856 | 3,749 | 1,345 | 1997 | 1978 | ||||||||||||||||||||
Yosemite Distribution Center | — | 259 | 7,058 | 1,019 | 259 | 8,077 | 8,336 | 3,805 | 1999 | 1974/87 | ||||||||||||||||||||
Los Angeles area | ||||||||||||||||||||||||||||||
Kingsview Industrial Center (e) | 2,860 | 643 | 2,573 | 512 | 643 | 3,085 | 3,728 | 1,555 | 1996 | 1980 | ||||||||||||||||||||
Dominguez Distribution Center (e) | 8,594 | 2,006 | 8,025 | 1,170 | 2,006 | 9,195 | 11,201 | 4,725 | 1996 | 1977 | ||||||||||||||||||||
Main Street Distribution Center | — | 1,606 | 4,103 | 787 | 1,606 | 4,890 | 6,496 | 2,279 | 1999 | 1999 | ||||||||||||||||||||
Walnut Business Center (e) | 7,132 | 2,885 | 5,274 | 1,136 | 2,885 | 6,410 | 9,295 | 3,067 | 1996 | 1966/90 | ||||||||||||||||||||
Washington Distribution Center (e) | 5,505 | 1,636 | 4,900 | 639 | 1,636 | 5,539 | 7,175 | 2,539 | 1997 | 1996/97 | ||||||||||||||||||||
Chino Distribution Center (f) | 10,117 | 2,544 | 10,175 | 1,623 | 2,544 | 11,798 | 14,342 | 5,984 | 1998 | 1980 | ||||||||||||||||||||
Industry Distribution Center I (e) | 18,799 | 10,230 | 12,373 | 1,899 | 10,230 | 14,272 | 24,502 | 6,600 | 1998 | 1959 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Industry Distribution Center III (e) | 2,190 | — | 3,012 | (157 | ) | — | 2,855 | 2,855 | 2,852 | 2007 | 1992 | |||||||||||||||||||
Chestnut Business Center | — | 1,674 | 3,465 | 209 | 1,674 | 3,674 | 5,348 | 1,537 | 1998 | 1999 | ||||||||||||||||||||
Los Angeles Corporate Center | — | 1,363 | 5,453 | 2,890 | 1,363 | 8,343 | 9,706 | 4,510 | 1996 | 1986 | ||||||||||||||||||||
Santa Barbara | ||||||||||||||||||||||||||||||
University Business Center | — | 5,517 | 22,067 | 4,895 | 5,520 | 26,959 | 32,479 | 13,661 | 1996 | 1987/88 | ||||||||||||||||||||
Castilian Research Center | — | 2,719 | 1,410 | 4,840 | 2,719 | 6,250 | 8,969 | 1,111 | 2005 | 2007 | ||||||||||||||||||||
Fresno | ||||||||||||||||||||||||||||||
Shaw Commerce Center (e) | 14,007 | 2,465 | 11,627 | 4,164 | 2,465 | 15,791 | 18,256 | 8,505 | 1998 | 1978/81/87 | ||||||||||||||||||||
San Diego | ||||||||||||||||||||||||||||||
Eastlake Distribution Center (m) | 7,532 | 3,046 | 6,888 | 1,629 | 3,046 | 8,517 | 11,563 | 4,284 | 1997 | 1989 | ||||||||||||||||||||
Ocean View Corporate Center (n) | 10,478 | 6,577 | 7,105 | 475 | 6,577 | 7,580 | 14,157 | 1,601 | 2010 | 2005 | ||||||||||||||||||||
TEXAS | ||||||||||||||||||||||||||||||
Dallas | ||||||||||||||||||||||||||||||
Interstate Distribution Center I & II (g) | 6,269 | 1,746 | 4,941 | 2,306 | 1,746 | 7,247 | 8,993 | 5,108 | 1988 | 1978 | ||||||||||||||||||||
Interstate Distribution Center III (g) | 2,272 | 519 | 2,008 | 732 | 519 | 2,740 | 3,259 | 1,477 | 2000 | 1979 | ||||||||||||||||||||
Interstate Distribution Center IV | — | 416 | 2,481 | 402 | 416 | 2,883 | 3,299 | 1,105 | 2004 | 2002 | ||||||||||||||||||||
Interstate Distribution Center V, VI & | 4,987 | 1,824 | 4,106 | 1,234 | 1,824 | 5,340 | 7,164 | 1,627 | 2009 | 1979/80/81 | ||||||||||||||||||||
VII (h) | ||||||||||||||||||||||||||||||
Venture Warehouses (g) | 5,154 | 1,452 | 3,762 | 2,180 | 1,452 | 5,942 | 7,394 | 4,103 | 1988 | 1979 | ||||||||||||||||||||
Stemmons Circle (g) | 2,062 | 363 | 2,014 | 581 | 363 | 2,595 | 2,958 | 1,529 | 1998 | 1977 | ||||||||||||||||||||
Ambassador Row Warehouses | — | 1,156 | 4,625 | 2,444 | 1,156 | 7,069 | 8,225 | 4,356 | 1998 | 1958/65 | ||||||||||||||||||||
North Stemmons II | — | 150 | 583 | 435 | 150 | 1,018 | 1,168 | 398 | 2002 | 1971 | ||||||||||||||||||||
North Stemmons III | — | 380 | 2,066 | 48 | 380 | 2,114 | 2,494 | 443 | 2007 | 1974 | ||||||||||||||||||||
Shady Trail Distribution Center (i) | 2,850 | 635 | 3,621 | 730 | 635 | 4,351 | 4,986 | 1,636 | 2003 | 1998 | ||||||||||||||||||||
Valwood Distribution Center | — | 4,361 | 34,405 | 320 | 4,361 | 34,725 | 39,086 | 1,756 | 2012 | 1986/87/97/98 | ||||||||||||||||||||
Northfield Distribution Center | — | 12,471 | 50,713 | 245 | 12,471 | 50,958 | 63,429 | 1,800 | 2013 | 1999-2001/03/04/08 | ||||||||||||||||||||
Houston | ||||||||||||||||||||||||||||||
Northwest Point Business Park | — | 1,243 | 5,640 | 4,649 | 1,243 | 10,289 | 11,532 | 6,103 | 1994 | 1984/85 | ||||||||||||||||||||
Lockwood Distribution Center | — | 749 | 5,444 | 1,983 | 749 | 7,427 | 8,176 | 3,798 | 1997 | 1968/69 | ||||||||||||||||||||
West Loop Distribution Center (g) | 5,252 | 905 | 4,383 | 2,246 | 905 | 6,629 | 7,534 | 3,701 | 1997/2000 | 1980 | ||||||||||||||||||||
World Houston Int'l Business Ctr 1 & 2 (f) | 5,488 | 660 | 5,893 | 1,227 | 660 | 7,120 | 7,780 | 3,852 | 1998 | 1996 | ||||||||||||||||||||
World Houston Int'l Business Ctr 3, 4 & | 5,882 | 1,025 | 6,413 | 1,000 | 1,025 | 7,413 | 8,438 | 3,638 | 1998 | 1998 | ||||||||||||||||||||
5 (g) | ||||||||||||||||||||||||||||||
World Houston Int'l Business Ctr 6 (g) | 2,273 | 425 | 2,423 | 414 | 425 | 2,837 | 3,262 | 1,514 | 1998 | 1998 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
World Houston Int'l Business Ctr 7 & 8 (g) | 6,553 | 680 | 4,584 | 4,139 | 680 | 8,723 | 9,403 | 4,331 | 1998 | 1998 | ||||||||||||||||||||
World Houston Int'l Business Ctr 9 (g) | 4,685 | 800 | 4,355 | 1,566 | 800 | 5,921 | 6,721 | 2,215 | 1998 | 1998 | ||||||||||||||||||||
World Houston Int'l Business Ctr 10 | — | 933 | 4,779 | 325 | 933 | 5,104 | 6,037 | 1,937 | 2001 | 1999 | ||||||||||||||||||||
World Houston Int'l Business Ctr 11 | — | 638 | 3,764 | 1,155 | 638 | 4,919 | 5,557 | 2,178 | 1999 | 1999 | ||||||||||||||||||||
World Houston Int'l Business Ctr 12 | — | 340 | 2,419 | 203 | 340 | 2,622 | 2,962 | 1,353 | 2000 | 2002 | ||||||||||||||||||||
World Houston Int'l Business Ctr 13 | — | 282 | 2,569 | 282 | 282 | 2,851 | 3,133 | 1,667 | 2000 | 2002 | ||||||||||||||||||||
World Houston Int'l Business Ctr 14 | — | 722 | 2,629 | 535 | 722 | 3,164 | 3,886 | 1,456 | 2000 | 2003 | ||||||||||||||||||||
World Houston Int'l Business Ctr 15 (m) | 4,275 | 731 | — | 5,831 | 731 | 5,831 | 6,562 | 2,542 | 2000 | 2007 | ||||||||||||||||||||
World Houston Int'l Business Ctr 16 (l) | 4,109 | 519 | 4,248 | 1,124 | 519 | 5,372 | 5,891 | 2,266 | 2000 | 2005 | ||||||||||||||||||||
World Houston Int'l Business Ctr 17 (i) | 2,491 | 373 | 1,945 | 785 | 373 | 2,730 | 3,103 | 969 | 2000 | 2004 | ||||||||||||||||||||
World Houston Int'l Business Ctr 18 | — | 323 | 1,512 | 251 | 323 | 1,763 | 2,086 | 615 | 2005 | 1995 | ||||||||||||||||||||
World Houston Int'l Business Ctr 19 (j) | 2,714 | 373 | 2,256 | 905 | 373 | 3,161 | 3,534 | 1,628 | 2000 | 2004 | ||||||||||||||||||||
World Houston Int'l Business Ctr 20 (j) | 3,273 | 1,008 | 1,948 | 1,307 | 1,008 | 3,255 | 4,263 | 1,551 | 2000 | 2004 | ||||||||||||||||||||
World Houston Int'l Business Ctr 21 (f) | 2,758 | 436 | — | 3,474 | 436 | 3,474 | 3,910 | 957 | 2000/03 | 2006 | ||||||||||||||||||||
World Houston Int'l Business Ctr 22 (m) | 3,122 | 436 | — | 4,356 | 436 | 4,356 | 4,792 | 1,347 | 2000 | 2007 | ||||||||||||||||||||
World Houston Int'l Business Ctr 23 (f) | 5,599 | 910 | — | 7,026 | 910 | 7,026 | 7,936 | 1,903 | 2000 | 2007 | ||||||||||||||||||||
World Houston Int'l Business Ctr 24 | — | 837 | — | 5,453 | 837 | 5,453 | 6,290 | 1,705 | 2005 | 2008 | ||||||||||||||||||||
World Houston Int'l Business Ctr 25 | — | 508 | — | 3,648 | 508 | 3,648 | 4,156 | 880 | 2005 | 2008 | ||||||||||||||||||||
World Houston Int'l Business Ctr 26 (n) | 2,694 | 445 | — | 3,194 | 445 | 3,194 | 3,639 | 752 | 2005 | 2008 | ||||||||||||||||||||
World Houston Int'l Business Ctr 27 | — | 837 | — | 4,964 | 837 | 4,964 | 5,801 | 987 | 2005 | 2008 | ||||||||||||||||||||
World Houston Int'l Business Ctr 28 (n) | 3,404 | 550 | — | 4,049 | 550 | 4,049 | 4,599 | 789 | 2005 | 2009 | ||||||||||||||||||||
World Houston Int'l Business Ctr 29 (n) | 3,640 | 782 | — | 4,136 | 974 | 3,944 | 4,918 | 761 | 2007 | 2009 | ||||||||||||||||||||
World Houston Int'l Business Ctr 30 (n) | 4,921 | 981 | — | 5,668 | 1,222 | 5,427 | 6,649 | 1,223 | 2007 | 2009 | ||||||||||||||||||||
World Houston Int'l Business Ctr 31A | — | 684 | — | 3,643 | 684 | 3,643 | 4,327 | 509 | 2008 | 2011 | ||||||||||||||||||||
World Houston Int'l Business Ctr 31B | — | 546 | — | 3,075 | 546 | 3,075 | 3,621 | 106 | 2008 | 2012 | ||||||||||||||||||||
World Houston Int'l Business Ctr 32 (h) | 4,551 | 1,146 | — | 5,391 | 1,427 | 5,110 | 6,537 | 408 | 2007 | 2012 | ||||||||||||||||||||
World Houston Int'l Business Ctr 33 | — | 1,166 | — | 7,849 | 1,166 | 7,849 | 9,015 | 257 | 2011 | 2013 | ||||||||||||||||||||
World Houston Int'l Business Ctr 34 | — | 439 | — | 3,332 | 439 | 3,332 | 3,771 | 70 | 2005 | 2012 | ||||||||||||||||||||
World Houston Int'l Business Ctr 35 | — | 340 | — | 2,470 | 340 | 2,470 | 2,810 | 35 | 2005 | 2012 | ||||||||||||||||||||
World Houston Int'l Business Ctr 36 | — | 685 | — | 4,795 | 685 | 4,795 | 5,480 | 63 | 2011 | 2013 | ||||||||||||||||||||
World Houston Int'l Business Ctr 38 | — | 1,053 | — | 7,112 | 1,053 | 7,112 | 8,165 | 67 | 2011 | 2013 | ||||||||||||||||||||
America Plaza (g) | 4,349 | 662 | 4,660 | 918 | 662 | 5,578 | 6,240 | 2,814 | 1998 | 1996 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Central Green Distribution Center (g) | 3,295 | 566 | 4,031 | 130 | 566 | 4,161 | 4,727 | 1,995 | 1999 | 1998 | ||||||||||||||||||||
Glenmont Business Park (g) | 6,692 | 936 | 6,161 | 2,504 | 936 | 8,665 | 9,601 | 4,270 | 1998 | 1999/2000 | ||||||||||||||||||||
Techway Southwest I | — | 729 | 3,765 | 2,174 | 729 | 5,939 | 6,668 | 2,787 | 2000 | 2001 | ||||||||||||||||||||
Techway Southwest II (j) | 4,239 | 550 | 3,689 | 1,282 | 550 | 4,971 | 5,521 | 1,798 | 2000 | 2004 | ||||||||||||||||||||
Techway Southwest III (m) | 4,012 | 597 | — | 5,562 | 751 | 5,408 | 6,159 | 2,036 | 1999 | 2006 | ||||||||||||||||||||
Techway Southwest IV (n) | 4,593 | 535 | — | 5,670 | 674 | 5,531 | 6,205 | 1,256 | 1999 | 2008 | ||||||||||||||||||||
Beltway Crossing I | — | 458 | 5,712 | 1,684 | 458 | 7,396 | 7,854 | 3,170 | 2002 | 2001 | ||||||||||||||||||||
Beltway Crossing II (m) | 2,062 | 415 | — | 2,751 | 415 | 2,751 | 3,166 | 915 | 2005 | 2007 | ||||||||||||||||||||
Beltway Crossing III (m) | 2,299 | 460 | — | 3,069 | 460 | 3,069 | 3,529 | 1,066 | 2005 | 2008 | ||||||||||||||||||||
Beltway Crossing IV (m) | 2,260 | 460 | — | 3,010 | 460 | 3,010 | 3,470 | 1,064 | 2005 | 2008 | ||||||||||||||||||||
Beltway Crossing V (n) | 4,004 | 701 | — | 4,709 | 701 | 4,709 | 5,410 | 1,429 | 2005 | 2008 | ||||||||||||||||||||
Beltway Crossing VI (h) | 4,619 | 618 | — | 6,017 | 618 | 6,017 | 6,635 | 1,100 | 2005 | 2008 | ||||||||||||||||||||
Beltway Crossing VII (h) | 4,590 | 765 | — | 5,828 | 765 | 5,828 | 6,593 | 1,315 | 2005 | 2009 | ||||||||||||||||||||
Beltway Crossing VIII | — | 721 | — | 4,576 | 721 | 4,576 | 5,297 | 467 | 2005 | 2011 | ||||||||||||||||||||
Beltway Crossing IX | — | 418 | — | 2,113 | 418 | 2,113 | 2,531 | 104 | 2007 | 2012 | ||||||||||||||||||||
Beltway Crossing X | — | 733 | — | 3,871 | 733 | 3,871 | 4,604 | 159 | 2007 | 2012 | ||||||||||||||||||||
Beltway Crossing XI | — | 690 | — | 4,092 | 690 | 4,092 | 4,782 | 50 | 2007 | 2013 | ||||||||||||||||||||
Kirby Business Center (i) | 2,797 | 530 | 3,153 | 339 | 530 | 3,492 | 4,022 | 1,164 | 2004 | 1980 | ||||||||||||||||||||
Clay Campbell Distribution Center | — | 742 | 2,998 | 384 | 742 | 3,382 | 4,124 | 1,345 | 2005 | 1982 | ||||||||||||||||||||
Ten West Crossing 1 | — | 566 | — | 2,962 | 566 | 2,962 | 3,528 | 81 | 2012 | 2013 | ||||||||||||||||||||
El Paso | ||||||||||||||||||||||||||||||
Butterfield Trail | — | — | 20,725 | 7,155 | — | 27,880 | 27,880 | 15,211 | 1997/2000 | 1987/95 | ||||||||||||||||||||
Rojas Commerce Park (g) | 5,089 | 900 | 3,659 | 2,742 | 900 | 6,401 | 7,301 | 4,366 | 1999 | 1986 | ||||||||||||||||||||
Americas Ten Business Center I (i) | 2,751 | 526 | 2,778 | 1,159 | 526 | 3,937 | 4,463 | 1,921 | 2001 | 2003 | ||||||||||||||||||||
San Antonio | ||||||||||||||||||||||||||||||
Alamo Downs Distribution Center (l) | 6,135 | 1,342 | 6,338 | 1,116 | 1,342 | 7,454 | 8,796 | 3,535 | 2004 | 1986/2002 | ||||||||||||||||||||
Arion Business Park (l) | 28,507 | 4,143 | 31,432 | 5,294 | 4,143 | 36,726 | 40,869 | 13,678 | 2005 | 1988-2000/06 | ||||||||||||||||||||
Arion 14 (l) | 2,602 | 423 | — | 3,307 | 423 | 3,307 | 3,730 | 1,050 | 2005 | 2006 | ||||||||||||||||||||
Arion 16 (f) | 2,760 | 427 | — | 3,485 | 427 | 3,485 | 3,912 | 821 | 2005 | 2007 | ||||||||||||||||||||
Arion 17 (l) | 3,191 | 616 | — | 3,958 | 616 | 3,958 | 4,574 | 1,576 | 2005 | 2007 | ||||||||||||||||||||
Arion 18 (h) | 1,909 | 418 | — | 2,324 | 418 | 2,324 | 2,742 | 784 | 2005 | 2008 | ||||||||||||||||||||
Wetmore Business Center (m) | 9,819 | 1,494 | 10,804 | 2,776 | 1,494 | 13,580 | 15,074 | 5,393 | 2005 | 1998/99 | ||||||||||||||||||||
Wetmore Phase II, Building A (n) | 2,768 | 412 | — | 3,328 | 412 | 3,328 | 3,740 | 1,145 | 2006 | 2008 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Wetmore Phase II, Building B (n) | 3,009 | 505 | — | 3,560 | 505 | 3,560 | 4,065 | 995 | 2006 | 2008 | ||||||||||||||||||||
Wetmore Phase II, Building C (n) | 3,027 | 546 | — | 3,543 | 546 | 3,543 | 4,089 | 453 | 2006 | 2008 | ||||||||||||||||||||
Wetmore Phase II, Building D (n) | 6,183 | 1,056 | — | 7,297 | 1,056 | 7,297 | 8,353 | 1,498 | 2006 | 2008 | ||||||||||||||||||||
Fairgrounds Business Park (m) | 7,642 | 1,644 | 8,209 | 1,879 | 1,644 | 10,088 | 11,732 | 3,508 | 2007 | 1985/86 | ||||||||||||||||||||
Rittiman Distribution Center | — | 1,083 | 6,649 | 265 | 1,083 | 6,914 | 7,997 | 488 | 2011 | 2000 | ||||||||||||||||||||
Thousand Oaks 1 | — | 607 | — | 4,067 | 607 | 4,067 | 4,674 | 153 | 2008 | 2012 | ||||||||||||||||||||
Thousand Oaks 2 | — | 794 | — | 4,719 | 794 | 4,719 | 5,513 | 187 | 2008 | 2012 | ||||||||||||||||||||
ARIZONA | ||||||||||||||||||||||||||||||
Phoenix area | ||||||||||||||||||||||||||||||
Broadway Industrial Park I | — | 837 | 3,349 | 823 | 837 | 4,172 | 5,009 | 2,266 | 1996 | 1971 | ||||||||||||||||||||
Broadway Industrial Park II | — | 455 | 482 | 161 | 455 | 643 | 1,098 | 381 | 1999 | 1971 | ||||||||||||||||||||
Broadway Industrial Park III | — | 775 | 1,742 | 525 | 775 | 2,267 | 3,042 | 1,114 | 2000 | 1983 | ||||||||||||||||||||
Broadway Industrial Park IV | — | 380 | 1,652 | 783 | 380 | 2,435 | 2,815 | 1,208 | 2000 | 1986 | ||||||||||||||||||||
Broadway Industrial Park V | — | 353 | 1,090 | 120 | 353 | 1,210 | 1,563 | 576 | 2002 | 1980 | ||||||||||||||||||||
Broadway Industrial Park VI (f) | 2,180 | 599 | 1,855 | 636 | 599 | 2,491 | 3,090 | 1,195 | 2002 | 1979 | ||||||||||||||||||||
Broadway Industrial Park VII | — | 450 | 650 | 95 | 450 | 745 | 1,195 | 63 | 2011 | 1999 | ||||||||||||||||||||
Kyrene Distribution Center | 76 | 1,490 | 4,453 | 1,269 | 1,490 | 5,722 | 7,212 | 3,153 | 1999 | 1981/2001 | ||||||||||||||||||||
Southpark Distribution Center | — | 918 | 2,738 | 609 | 918 | 3,347 | 4,265 | 1,317 | 2001 | 2000 | ||||||||||||||||||||
Santan 10 Distribution Center I (l) | 2,633 | 846 | 2,647 | 282 | 846 | 2,929 | 3,775 | 1,174 | 2001 | 2005 | ||||||||||||||||||||
Santan 10 Distribution Center II (f) | 4,379 | 1,088 | — | 5,119 | 1,088 | 5,119 | 6,207 | 1,648 | 2004 | 2007 | ||||||||||||||||||||
Metro Business Park | — | 1,927 | 7,708 | 5,665 | 1,927 | 13,373 | 15,300 | 8,162 | 1996 | 1977/79 | ||||||||||||||||||||
35th Avenue Distribution Center | — | 418 | 2,381 | 412 | 418 | 2,793 | 3,211 | 1,269 | 1997 | 1967 | ||||||||||||||||||||
51st Avenue Distribution Center | — | 300 | 2,029 | 805 | 300 | 2,834 | 3,134 | 1,585 | 1998 | 1987 | ||||||||||||||||||||
East University Distribution Center I & II (f) | 4,783 | 1,120 | 4,482 | 1,179 | 1,120 | 5,661 | 6,781 | 2,962 | 1998 | 1987/89 | ||||||||||||||||||||
East University Distribution Center III | — | 444 | 698 | 99 | 444 | 797 | 1,241 | 127 | 2010 | 1981 | ||||||||||||||||||||
55th Avenue Distribution Center (f) | 3,806 | 912 | 3,717 | 767 | 917 | 4,479 | 5,396 | 2,468 | 1998 | 1987 | ||||||||||||||||||||
Interstate Commons Dist Ctr I | — | 798 | 3,632 | 1,537 | 798 | 5,169 | 5,967 | 2,337 | 1999 | 1988 | ||||||||||||||||||||
Interstate Commons Dist Ctr II | — | 320 | 2,448 | 365 | 320 | 2,813 | 3,133 | 1,216 | 1999 | 2000 | ||||||||||||||||||||
Interstate Commons Dist Ctr III | — | 242 | — | 2,954 | 242 | 2,954 | 3,196 | 691 | 2000 | 2008 | ||||||||||||||||||||
Airport Commons | — | 1,000 | 1,510 | 1,093 | 1,000 | 2,603 | 3,603 | 1,141 | 2003 | 1971 | ||||||||||||||||||||
40th Avenue Distribution Center (n) | 4,982 | 703 | — | 6,028 | 703 | 6,028 | 6,731 | 1,269 | 2004 | 2008 | ||||||||||||||||||||
Sky Harbor Business Park | — | 5,839 | — | 21,145 | 5,839 | 21,145 | 26,984 | 3,956 | 2006 | 2008 | ||||||||||||||||||||
SCHEDULE III | ||||||||||||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Tucson | ||||||||||||||||||||||||||||||
Country Club I (j) | 4,792 | 506 | 3,564 | 2,173 | 693 | 5,550 | 6,243 | 2,017 | 1997/2003 | 1994/2003 | ||||||||||||||||||||
Country Club II | — | 442 | 3,381 | 37 | 442 | 3,418 | 3,860 | 856 | 2007 | 2000 | ||||||||||||||||||||
Country Club III & IV | — | 1,407 | — | 11,755 | 1,575 | 11,587 | 13,162 | 2,165 | 2007 | 2009 | ||||||||||||||||||||
Airport Distribution Center | — | 1,103 | 4,672 | 1,533 | 1,103 | 6,205 | 7,308 | 3,211 | 1998 | 1995 | ||||||||||||||||||||
Southpointe Distribution Center | — | — | 3,982 | 2,950 | — | 6,932 | 6,932 | 3,499 | 1999 | 1989 | ||||||||||||||||||||
Benan Distribution Center | — | 707 | 1,842 | 626 | 707 | 2,468 | 3,175 | 1,136 | 2005 | 2001 | ||||||||||||||||||||
NORTH CAROLINA | ||||||||||||||||||||||||||||||
Charlotte area | ||||||||||||||||||||||||||||||
NorthPark Business Park (f) | 15,498 | 2,758 | 15,932 | 3,278 | 2,758 | 19,210 | 21,968 | 6,234 | 2006 | 1987-89 | ||||||||||||||||||||
Lindbergh Business Park | — | 470 | 3,401 | 303 | 470 | 3,704 | 4,174 | 1,163 | 2007 | 2001/03 | ||||||||||||||||||||
Commerce Park 1 (m) | 3,738 | 765 | 4,303 | 671 | 765 | 4,974 | 5,739 | 1,399 | 2007 | 1983 | ||||||||||||||||||||
Commerce Park 2 (h) | 1,459 | 335 | 1,603 | 158 | 335 | 1,761 | 2,096 | 322 | 2010 | 1987 | ||||||||||||||||||||
Commerce Park 3 (h) | 2,127 | 558 | 2,225 | 272 | 558 | 2,497 | 3,055 | 475 | 2010 | 1981 | ||||||||||||||||||||
Nations Ford Business Park (m) | 14,641 | 3,924 | 16,171 | 2,380 | 3,924 | 18,551 | 22,475 | 6,240 | 2007 | 1989/94 | ||||||||||||||||||||
Airport Commerce Center | — | 1,454 | 10,136 | 922 | 1,454 | 11,058 | 12,512 | 2,562 | 2008 | 2001/02 | ||||||||||||||||||||
Interchange Park I | — | 986 | 7,949 | 454 | 986 | 8,403 | 9,389 | 1,722 | 2008 | 1989 | ||||||||||||||||||||
Interchange Park II | — | 746 | 1,456 | 21 | 746 | 1,477 | 2,223 | 22 | 2013 | 2000 | ||||||||||||||||||||
Ridge Creek Distribution Center I | — | 1,284 | 13,163 | 777 | 1,284 | 13,940 | 15,224 | 2,525 | 2008 | 2006 | ||||||||||||||||||||
Ridge Creek Distribution Center II (h) | 10,433 | 3,033 | 11,497 | 459 | 3,033 | 11,956 | 14,989 | 823 | 2011 | 2003 | ||||||||||||||||||||
Waterford Distribution Center | — | 654 | 3,392 | 396 | 654 | 3,788 | 4,442 | 589 | 2008 | 2000 | ||||||||||||||||||||
Lakeview Business Center (h) | 4,727 | 1,392 | 5,068 | 330 | 1,392 | 5,398 | 6,790 | 516 | 2011 | 1996 | ||||||||||||||||||||
LOUISIANA | ||||||||||||||||||||||||||||||
New Orleans | ||||||||||||||||||||||||||||||
Elmwood Business Park | — | 2,861 | 6,337 | 3,589 | 2,861 | 9,926 | 12,787 | 6,495 | 1997 | 1979 | ||||||||||||||||||||
Riverbend Business Park | — | 2,592 | 17,623 | 5,350 | 2,592 | 22,973 | 25,565 | 10,996 | 1997 | 1984 | ||||||||||||||||||||
COLORADO | ||||||||||||||||||||||||||||||
Denver | ||||||||||||||||||||||||||||||
Rampart Distribution Center I (l) | 4,409 | 1,023 | 3,861 | 1,438 | 1,023 | 5,299 | 6,322 | 3,534 | 1988 | 1987 | ||||||||||||||||||||
Rampart Distribution Center II (l) | 2,905 | 230 | 2,977 | 958 | 230 | 3,935 | 4,165 | 2,443 | 1996/97 | 1996/97 | ||||||||||||||||||||
Rampart Distribution Center III (l) | 4,442 | 1,098 | 3,884 | 1,386 | 1,098 | 5,270 | 6,368 | 2,465 | 1997/98 | 1999 | ||||||||||||||||||||
Concord Distribution Center (h) | 4,342 | 1,051 | 4,773 | 413 | 1,051 | 5,186 | 6,237 | 1,522 | 2007 | 2000 | ||||||||||||||||||||
Centennial Park (n) | 4,268 | 750 | 3,319 | 1,697 | 750 | 5,016 | 5,766 | 1,175 | 2007 | 1990 | ||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
NEVADA | ||||||||||||||||||||||||||||||
Las Vegas | ||||||||||||||||||||||||||||||
Arville Distribution Center | — | 4,933 | 5,094 | 285 | 4,933 | 5,379 | 10,312 | 1,177 | 2009 | 1997 | ||||||||||||||||||||
MISSISSIPPI | ||||||||||||||||||||||||||||||
Jackson area | ||||||||||||||||||||||||||||||
Interchange Business Park | — | 343 | 5,007 | 2,577 | 343 | 7,584 | 7,927 | 4,255 | 1997 | 1981 | ||||||||||||||||||||
Tower Automotive | — | — | 9,958 | 1,199 | 17 | 11,140 | 11,157 | 3,739 | 2001 | 2002 | ||||||||||||||||||||
Metro Airport Commerce Center I | — | 303 | 1,479 | 968 | 303 | 2,447 | 2,750 | 1,312 | 2001 | 2003 | ||||||||||||||||||||
TENNESSEE | ||||||||||||||||||||||||||||||
Memphis | ||||||||||||||||||||||||||||||
Air Park Distribution Center I | — | 250 | 1,916 | 1,336 | 250 | 3,252 | 3,502 | 1,613 | 1998 | 1975 | ||||||||||||||||||||
OKLAHOMA | ||||||||||||||||||||||||||||||
Oklahoma City | ||||||||||||||||||||||||||||||
Northpointe Commerce Center | — | 777 | 3,113 | 841 | 998 | 3,733 | 4,731 | 1,766 | 1998 | 1996/97 | ||||||||||||||||||||
498,595 | 263,390 | 919,699 | 595,470 | 265,871 | 1,512,688 | 1,778,559 | 550,071 | |||||||||||||||||||||||
Industrial Development (d): | ||||||||||||||||||||||||||||||
FLORIDA | ||||||||||||||||||||||||||||||
Oak Creek land | — | 1,946 | — | 3,128 | 2,374 | 2,700 | 5,074 | — | 2005 | n/a | ||||||||||||||||||||
Madison land | — | 1,189 | — | 559 | 1,189 | 559 | 1,748 | — | 2012 | n/a | ||||||||||||||||||||
Horizon Commerce Park I | — | 991 | — | 4,310 | 991 | 4,310 | 5,301 | — | 2008 | n/a | ||||||||||||||||||||
Horizon Commerce Park land | — | 12,274 | — | 12,400 | 12,360 | 12,314 | 24,674 | — | 2008/09 | n/a | ||||||||||||||||||||
SunCoast land | — | 10,926 | — | 6,932 | 11,104 | 6,754 | 17,858 | — | 2006 | n/a | ||||||||||||||||||||
TEXAS | ||||||||||||||||||||||||||||||
North Stemmons land | — | 537 | — | 276 | 537 | 276 | 813 | — | 2001 | n/a | ||||||||||||||||||||
Valwood land | — | 404 | — | 32 | 416 | 20 | 436 | — | 2012 | n/a | ||||||||||||||||||||
World Houston Int'l Business Ctr 37 | — | 759 | — | 4,620 | 759 | 4,620 | 5,379 | — | 2011 | 2013 | ||||||||||||||||||||
World Houston Int'l Business Ctr 39 | — | 620 | — | 1,016 | 620 | 1,016 | 1,636 | — | 2011 | n/a | ||||||||||||||||||||
World Houston Int'l Business Ctr 40 | — | 1,072 | — | 958 | 1,072 | 958 | 2,030 | — | 2011 | n/a | ||||||||||||||||||||
World Houston Int'l Business Ctr land | — | 1,628 | — | 1,081 | 1,628 | 1,081 | 2,709 | — | 2000/06 | n/a | ||||||||||||||||||||
World Houston Int'l Business Ctr land - expansion | — | 4,718 | — | 7,004 | 9,540 | 2,182 | 11,722 | — | 2011 | n/a | ||||||||||||||||||||
Ten West Crossing 2 | — | 829 | — | 3,260 | 833 | 3,256 | 4,089 | 26 | 2012 | 2013 | ||||||||||||||||||||
Ten West Crossing 3 | — | 609 | — | 3,760 | 613 | 3,756 | 4,369 | — | 2012 | 2013 | ||||||||||||||||||||
Ten West Crossing 4 | — | 694 | — | 2,767 | 699 | 2,762 | 3,461 | — | 2012 | n/a | ||||||||||||||||||||
REAL ESTATE PROPERTIES AND ACCUMULATED DEPRECIATION | ||||||||||||||||||||||||||||||
DECEMBER 31, 2013 (In thousands, except footnotes) | ||||||||||||||||||||||||||||||
Description | Encumbrances | Initial Cost to the Company | Costs | Gross Amount Carried at Close of Period | Accumulated Depreciation | Year Acquired | Year Constructed | |||||||||||||||||||||||
Land | Buildings and Improvements | Capitalized Subsequent to Acquisition | Land | Buildings and Improvements | Total | |||||||||||||||||||||||||
Ten West Crossing 5 | — | 933 | — | 479 | 940 | 472 | 1,412 | — | 2012 | n/a | ||||||||||||||||||||
Ten West Crossing land | — | 2,351 | — | 866 | 2,367 | 850 | 3,217 | — | 2012 | n/a | ||||||||||||||||||||
Lee Road land | — | 3,068 | — | 2,152 | 3,822 | 1,398 | 5,220 | — | 2007 | n/a | ||||||||||||||||||||
West Road land | — | 3,303 | — | 1,988 | 3,304 | 1,987 | 5,291 | — | 2012 | n/a | ||||||||||||||||||||
Americas Ten Business Center II & III land | — | 1,365 | — | 1,079 | 1,365 | 1,079 | 2,444 | — | 2001 | n/a | ||||||||||||||||||||
Thousand Oaks 3 | — | 772 | — | 3,528 | 772 | 3,528 | 4,300 | 16 | 2008 | 2013 | ||||||||||||||||||||
Alamo Ridge land | — | 2,288 | — | 2,232 | 2,288 | 2,232 | 4,520 | — | 2007 | n/a | ||||||||||||||||||||
Thousand Oaks 4 | — | 753 | — | 277 | 753 | 277 | 1,030 | — | 2013 | n/a | ||||||||||||||||||||
ARIZONA | ||||||||||||||||||||||||||||||
Airport Distribution Center II land | — | 300 | — | 117 | 300 | 117 | 417 | — | 2000 | n/a | ||||||||||||||||||||
Kyrene land | — | 3,220 | — | 1,153 | 3,219 | 1,154 | 4,373 | — | 2011 | n/a | ||||||||||||||||||||
Chandler Freeways | — | 1,525 | — | 6,333 | 1,525 | 6,333 | 7,858 | — | 2012 | 2013 | ||||||||||||||||||||
NORTH CAROLINA | ||||||||||||||||||||||||||||||
Steele Creek I | — | 879 | — | 3,388 | 890 | 3,377 | 4,267 | — | 2013 | n/a | ||||||||||||||||||||
Steele Creek II | — | 879 | — | 2,462 | 890 | 2,451 | 3,341 | — | 2013 | n/a | ||||||||||||||||||||
Steele Creek land | — | 4,058 | — | 1,876 | 4,072 | 1,862 | 5,934 | — | 2013 | n/a | ||||||||||||||||||||
Airport Commerce Center III land | — | 855 | — | 565 | 855 | 565 | 1,420 | — | 2008 | n/a | ||||||||||||||||||||
COLORADO | ||||||||||||||||||||||||||||||
Rampart IV (l) | 1,198 | 590 | — | 1,128 | 589 | 1,129 | 1,718 | — | 2012 | n/a | ||||||||||||||||||||
MISSISSIPPI | ||||||||||||||||||||||||||||||
Metro Airport Commerce Center II land | — | 307 | — | 399 | 307 | 399 | 706 | — | 2001 | n/a | ||||||||||||||||||||
1,198 | 66,642 | — | 82,125 | 72,993 | 75,774 | 148,767 | 42 | |||||||||||||||||||||||
Total real estate owned (a)(b) | $ | 499,793 | 330,032 | 919,699 | 677,595 | 338,864 | 1,588,462 | 1,927,326 | 550,113 | |||||||||||||||||||||
See accompanying Report of Independent Registered Public Accounting Firm on Financial Statement Schedules. | ||||||||||||||||||||||||||||||
(a) Changes in Real Estate Properties follow: | ||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 1,768,032 | 1,662,593 | 1,521,177 | ||||||||||||||||||||||||||
Purchases of real estate properties | 65,387 | 48,934 | 80,624 | |||||||||||||||||||||||||||
Development of real estate properties | 76,240 | 55,404 | 42,148 | |||||||||||||||||||||||||||
Improvements to real estate properties | 21,438 | 18,164 | 18,686 | |||||||||||||||||||||||||||
Carrying amount of investments sold | (3,475 | ) | (16,756 | ) | — | |||||||||||||||||||||||||
Write-off of improvements | (296 | ) | (307 | ) | (42 | ) | ||||||||||||||||||||||||
Balance at end of year (1) | $ | 1,927,326 | 1,768,032 | 1,662,593 | ||||||||||||||||||||||||||
-1 | Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at December 31, 2013 and $1,794,000 at December 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively. | |||||||||||||||||||||||||||||
Changes in the accumulated depreciation on real estate properties follow: | ||||||||||||||||||||||||||||||
Years Ended December 31, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 496,247 | 451,805 | 403,187 | ||||||||||||||||||||||||||
Depreciation expense | 54,284 | 51,564 | 48,648 | |||||||||||||||||||||||||||
Accumulated depreciation on assets sold | (126 | ) | (6,819 | ) | — | |||||||||||||||||||||||||
Other | (292 | ) | (303 | ) | (30 | ) | ||||||||||||||||||||||||
Balance at end of year | $ | 550,113 | 496,247 | 451,805 | ||||||||||||||||||||||||||
(b) | The estimated aggregate cost of real estate properties at December 31, 2013 for federal income tax purposes was approximately $1,893,741,000 before estimated accumulated tax depreciation of $356,567,000. The federal income tax return for the year ended December 31, 2013, has not been filed and accordingly, this estimate is based on preliminary data. | |||||||||||||||||||||||||||||
(c) | The Company computes depreciation using the straight-line method over the estimated useful lives of the buildings (generally 40 years) and improvements (generally 3 to 15 years). | |||||||||||||||||||||||||||||
(d) | The Company transfers development properties to real estate properties the earlier of 80% occupancy or one year after completion of the shell construction. | |||||||||||||||||||||||||||||
(e) | EastGroup has a $59,087,000 limited recourse first mortgage loan with an insurance company secured by Dominguez, Industry Distribution Center I & III, Kingsview, Shaw, Walnut, and Washington. The loan has a recourse liability of $5 million which will be released based on the secured properties generating certain base rent amounts. | |||||||||||||||||||||||||||||
(f) | EastGroup has a $57,368,000 non-recourse first mortgage loan with an insurance company secured by Arion 16, Broadway VI, Chino, East University I & II, Northpark I-IV, Santan 10 II, 55th Avenue, and World Houston 1 & 2 and 21 & 23. | |||||||||||||||||||||||||||||
(g) | EastGroup has a $59,827,000 non-recourse first mortgage loan with an insurance company secured by America Plaza, Central Green, Glenmont I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II, and World Houston 3-9. | |||||||||||||||||||||||||||||
(h) | EastGroup has a $50,519,000 non-recourse first mortgage loan with an insurance company secured by Arion 18, Beltway VI & VII, Commerce Park II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32. | |||||||||||||||||||||||||||||
(i) | EastGroup has a $26,907,000 non-recourse first mortgage loan with an insurance company secured by Americas Ten I, Kirby, Palm River North I, II & III, Shady Trail, Westlake I & II, and World Houston 17. | |||||||||||||||||||||||||||||
(j) | EastGroup has a $27,812,000 non-recourse first mortgage loan with an insurance company secured by Country Club I, Lake Pointe, Techway Southwest II, and World Houston 19 & 20. | |||||||||||||||||||||||||||||
(k) | EastGroup has a $28,833,000 non-recourse first mortgage loan with an insurance company secured by Huntwood and Wiegman. | |||||||||||||||||||||||||||||
(l) | EastGroup has a $60,131,000 non-recourse first mortgage loan with an insurance company secured by Alamo Downs, Arion 1-15 & 17, Rampart I, II, III & IV, Santan 10, and World Houston 16. | |||||||||||||||||||||||||||||
(m) | EastGroup has a $61,402,000 non-recourse first mortgage loan with an insurance company secured by Beltway II, III & IV, Commerce Park 1, Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV, and World Houston 15 & 22. | |||||||||||||||||||||||||||||
(n) | EastGroup has a $66,805,000 non-recourse first mortgage loan with an insurance company secured by 40th Avenue, Beltway V, Centennial Park, Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII, and World Houston 26, 28, 29 & 30. |
SCHEDULE_IV
SCHEDULE IV | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Mortgage Loans on Real Estate [Abstract] | ' | |||||||||
SCHEDULE IV | ' | |||||||||
SCHEDULE IV | ||||||||||
MORTGAGE LOANS ON REAL ESTATE | ||||||||||
December 31, 2013 | ||||||||||
Number of Loans | Interest | Maturity Date | Periodic | |||||||
Rate | Payment Terms | |||||||||
First mortgage loans: | ||||||||||
S&K Properties - Florida | 1 | 6 | % | (a) | Oct-16 | Principal of $4,000 and interest due monthly; balloon payment of $3,456,000 due at maturity (10/08/16) | ||||
JCB Limited - California | 1 | 5.25 | % | Oct-17 | Principal and interest due monthly | |||||
JCB Limited - California | 1 | 5.25 | % | Oct-17 | Principal and interest due monthly | |||||
Total mortgage loans (b) | 3 | |||||||||
Face Amount | Carrying | Principal | ||||||||
of Mortgages | Amount of | Amount of Loans | ||||||||
Dec. 31, 2013 | Mortgages | Subject to Delinquent | ||||||||
Principal or Interest (c) | ||||||||||
(In thousands) | ||||||||||
First mortgage loans: | ||||||||||
S&K Properties - Florida | $ | 3,793 | 3,769 | — | ||||||
JCB Limited - California | 2,068 | 2,068 | — | |||||||
JCB Limited - California | 3,033 | 3,033 | — | |||||||
Total mortgage loans | $ | 8,894 | 8,870 | (d)(e) | — | |||||
(a) | This mortgage loan has a stated interest rate of 6.0% and an effective interest rate of 6.4%. A discount on mortgage loan receivable of $198,000 was recognized at the inception of the loan and is shown in the table in footnote (d) below. | |||||||||
(b) | Reference is made to allowance for possible losses on mortgage loans receivable in the Notes to Consolidated Financial Statements. | |||||||||
(c) | Interest in arrears for three months or less is disregarded in computing principal amount of loans subject to delinquent interest. | |||||||||
(d) | Changes in mortgage loans follow: | |||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
(In thousands) | ||||||||||
Balance at beginning of year | $ | 9,323 | 4,110 | 4,131 | ||||||
Advances on mortgage loans receivable | — | 5,223 | — | |||||||
Payments on mortgage loans receivable | (463 | ) | (20 | ) | (33 | ) | ||||
Amortization of discount on mortgage loan receivable | 10 | 10 | 12 | |||||||
Balance at end of year | $ | 8,870 | 9,323 | 4,110 | ||||||
(e) The aggregate cost for federal income tax purposes is approximately $8.89 million. The federal income tax return for the year ended December 31, 2013, has not been filed and, accordingly, the income tax basis of mortgage loans as of December 31, 2013, is based on preliminary data. | ||||||||||
See accompanying Report of Independent Registered Public Accounting Firm on Financial Statement Schedules. |
SIGNIFICANT_ACCOUNTING_POLICIE1
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Accounting Policies [Abstract] | ' | |||||||||
Principles of Consolidation | ' | |||||||||
Principles of Consolidation | ||||||||||
The consolidated financial statements include the accounts of EastGroup Properties, Inc., its wholly owned subsidiaries and its investment in any joint ventures in which the Company has a controlling interest. At December 31, 2013, 2012 and 2011, the Company had a controlling interest in two joint ventures: the 80% owned University Business Center and the 80% owned Castilian Research Center. The Company records 100% of the joint ventures’ assets, liabilities, revenues and expenses with noncontrolling interests provided for in accordance with the joint venture agreements. The equity method of accounting is used for the Company’s 50% undivided tenant-in-common interest in Industry Distribution Center II. All significant intercompany transactions and accounts have been eliminated in consolidation. | ||||||||||
Income Taxes | ' | |||||||||
Income Taxes | ||||||||||
EastGroup, a Maryland corporation, has qualified as a real estate investment trust (REIT) under Sections 856-860 of the Internal Revenue Code and intends to continue to qualify as such. To maintain its status as a REIT, the Company is required to distribute at least 90% of its ordinary taxable income to its stockholders. If the Company has a capital gain, it has the option of (i) deferring recognition of the capital gain through a tax-deferred exchange, (ii) declaring and paying a capital gain dividend on any recognized net capital gain resulting in no corporate level tax, or (iii) retaining and paying corporate income tax on its net long-term capital gain, with the shareholders reporting their proportional share of the undistributed long-term capital gain and receiving a credit or refund of their share of the tax paid by the Company. The Company distributed all of its 2013, 2012 and 2011 taxable income to its stockholders. Accordingly, no significant provisions for income taxes were necessary. The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended 2013, 2012 and 2011. | ||||||||||
Federal Income Tax Treatment of Share Distributions | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Common Share Distributions: | ||||||||||
Ordinary dividends | $ | 1.91678 | 1.64506 | 1.68516 | ||||||
Nondividend distributions | 0.21054 | 0.2924 | 0.39484 | |||||||
Unrecaptured Section 1250 capital gain | 0.0027 | 0.14942 | — | |||||||
Other capital gain | 0.00998 | 0.01312 | — | |||||||
Total Common Distributions | $ | 2.14 | 2.1 | 2.08 | ||||||
EastGroup applies the principles of Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740, Income Taxes, when evaluating and accounting for uncertainty in income taxes. With few exceptions, the Company’s 2009 and earlier tax years are closed for examination by U.S. federal, state and local tax authorities. In accordance with the provisions of ASC 740, the Company had no significant uncertain tax positions as of December 31, 2013 and 2012. | ||||||||||
The Company’s income may differ for tax and financial reporting purposes principally because of (1) the timing of the deduction for the provision for possible losses and losses on investments, (2) the timing of the recognition of gains or losses from the sale of investments, (3) different depreciation methods and lives, (4) real estate properties having a different basis for tax and financial reporting purposes, (5) mortgage loans having a different basis for tax and financial reporting purposes, thereby producing different gains upon collection of these loans, and (6) differences in book and tax allowances and timing for stock-based compensation expense. | ||||||||||
Income Recognition | ' | |||||||||
Income Recognition | ||||||||||
Minimum rental income from real estate operations is recognized on a straight-line basis. The straight-line rent calculation on leases includes the effects of rent concessions and scheduled rent increases, and the calculated straight-line rent income is recognized over the lives of the individual leases. The Company maintains allowances for doubtful accounts receivable, including straight-line rents receivable, based upon estimates determined by management. Management specifically analyzes aged receivables, customer credit-worthiness, historical bad debts and current economic trends when evaluating the adequacy of the allowance for doubtful accounts. | ||||||||||
Revenue is recognized on payments received from tenants for early terminations after all criteria have been met in accordance with ASC 840, Leases. | ||||||||||
The Company recognizes gains on sales of real estate in accordance with the principles set forth in ASC 360, Property, Plant and Equipment. Upon closing of real estate transactions, the provisions of ASC 360 require consideration for the transfer of rights of ownership to the purchaser, receipt of an adequate cash down payment from the purchaser, adequate continuing investment by the purchaser and no substantial continuing involvement by the Company. If the requirements for recognizing gains have not been met, the sale and related costs are recorded, but the gain is deferred and recognized by a method other than the full accrual method. | ||||||||||
The Company recognizes interest income on mortgage loans on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected. Discounts on mortgage loans receivable are amortized over the lives of the loans using a method that does not differ materially from the interest method. The Company evaluates the collectibility of both interest and principal on each of its loans to determine whether the loans are impaired. A loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms. When a loan is considered to be impaired, the amount of loss is calculated by comparing the recorded investment to the value determined by discounting the expected future cash flows at the loan’s effective interest rate or to the fair value of the underlying collateral (if the loan is collateralized) less costs to sell. | ||||||||||
Real Estate Properties | ' | |||||||||
Real Estate Properties | ||||||||||
EastGroup has one reportable segment–industrial properties. These properties are concentrated in major Sunbelt markets of the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina, have similar economic characteristics and also meet the other criteria that permit the properties to be aggregated into one reportable segment. | ||||||||||
The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted net cash flows (including estimated future expenditures necessary to substantially complete the asset) expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. As of December 31, 2013 and 2012, the Company determined that no impairment charges on the Company’s real estate properties were necessary. | ||||||||||
Depreciation of buildings and other improvements is computed using the straight-line method over estimated useful lives of generally 40 years for buildings and 3 to 15 years for improvements. Building improvements are capitalized, while maintenance and repair expenses are charged to expense as incurred. Significant renovations and improvements that improve or extend the useful life of the assets are capitalized. | ||||||||||
Development | ' | |||||||||
Development | ||||||||||
During the period in which a property is under development, costs associated with development (i.e., land, construction costs, interest expense, property taxes and other direct and indirect costs associated with development) are aggregated into the total capitalized costs of the property. Included in these costs are management’s estimates for the portions of internal costs (primarily personnel costs) deemed directly or indirectly related to such development activities. The internal costs are allocated to specific development properties based on construction activity. As the property becomes occupied, depreciation commences on the occupied portion of the building, and costs are capitalized only for the portion of the building that remains vacant. When the property becomes 80% occupied or one year after completion of the shell construction (whichever comes first), capitalization of development costs ceases. The properties are then transferred to real estate properties, and depreciation commences on the entire property (excluding the land). | ||||||||||
Real Estate Held for Sale | ' | |||||||||
Real Estate Held for Sale | ||||||||||
The Company considers a real estate property to be held for sale when it meets the criteria established under ASC 360, Property, Plant and Equipment, including when it is probable that the property will be sold within a year. Real estate properties held for sale are reported at the lower of the carrying amount or fair value less estimated costs to sell and are not depreciated while they are held for sale. In accordance with the guidelines established under the Codification, the results of operations for the operating properties sold or held for sale during the reported periods are shown under Discontinued Operations on the Consolidated Statements of Income and Comprehensive Income. Interest expense is not generally allocated to the properties held for sale or whose operations are included under Discontinued Operations unless the mortgage is required to be paid in full upon the sale of the property. | ||||||||||
Derivative Instruments and Hedging Activities | ' | |||||||||
Derivative Instruments and Hedging Activities | ||||||||||
EastGroup applies ASC 815, Derivatives and Hedging, which requires all entities with derivative instruments to disclose information regarding how and why the entity uses derivative instruments and how derivative instruments and related hedged items affect the entity’s financial position, financial performance and cash flows. | ||||||||||
Cash Equivalents | ' | |||||||||
Cash Equivalents | ||||||||||
The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. | ||||||||||
Debt Origination Costs | ' | |||||||||
Debt origination costs are deferred and amortized over the term of each loan using the effective interest method. | ||||||||||
Leasing Costs | ' | |||||||||
Leasing costs are deferred and amortized using the straight-line method over the term of the lease. Leasing costs paid during the period are included in Changes in other assets and other liabilities in the Investing Activities section on the Consolidated Statements of Cash Flows. | ||||||||||
Business Combinations and Acquired Intangibles | ' | |||||||||
Business Combinations and Acquired Intangibles | ||||||||||
Upon acquisition of real estate properties, the Company applies the principles of ASC 805, Business Combinations, which requires that acquisition-related costs be recognized as expenses in the periods in which the costs are incurred and the services are received. The Codification also provides guidance on how to properly determine the allocation of the purchase price among the individual components of both the tangible and intangible assets based on their respective fair values. Goodwill is recorded when the purchase price exceeds the fair value of the assets and liabilities acquired. Factors considered by management in allocating the cost of the properties acquired include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. The allocation to tangible assets (land, building and improvements) is based upon management’s determination of the value of the property as if it were vacant using discounted cash flow models. The Company determines whether any financing assumed is above or below market based upon comparison to similar financing terms for similar properties. The cost of the properties acquired may be adjusted based on indebtedness assumed from the seller that is determined to be above or below market rates. | ||||||||||
The purchase price is also allocated among the following categories of intangible assets: the above or below market component of in-place leases, the value of in-place leases, and the value of customer relationships. The value allocable to the above or below market component of an acquired in-place lease is determined based upon the present value (using a discount rate reflecting the risks associated with the acquired leases) of the difference between (i) the contractual amounts to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of the amounts that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above and below market leases are included in Other Assets and Other Liabilities, respectively, on the Consolidated Balance Sheets and are amortized to rental income over the remaining terms of the respective leases. The total amount of intangible assets is further allocated to in-place lease values and customer relationship values based upon management’s assessment of their respective values. These intangible assets are included in Other Assets on the Consolidated Balance Sheets and are amortized over the remaining term of the existing lease, or the anticipated life of the customer relationship, as applicable. | ||||||||||
Amortization of above and below market leases increased rental income by $188,000 in 2013, and decreased income by $350,000 in 2012 and $338,000 in 2011. Amortization expense for in-place lease intangibles for continuing and discontinued operations was $4,281,000, $3,628,000 and $2,316,000 for 2013, 2012 and 2011, respectively. | ||||||||||
Projected amortization of in-place lease intangibles for the next five years as of December 31, 2013 is as follows: | ||||||||||
Years Ending December 31, | (In thousands) | |||||||||
2014 | $ | 4,068 | ||||||||
2015 | 2,814 | |||||||||
2016 | 1,663 | |||||||||
2017 | 991 | |||||||||
2018 | 610 | |||||||||
During 2013, EastGroup acquired the following operating properties: Northfield Distribution Center in Dallas, Texas, and Interchange Park II in Charlotte, North Carolina. The Company purchased these properties for a total cost of $72,397,000, of which $65,387,000 was allocated to real estate properties. The Company allocated $13,218,000 of the total purchase price to land using third party land valuations for the Dallas and Charlotte markets. The market values are considered to be Level 3 inputs as defined by ASC 820, Fair Value Measurements and Disclosures (see Note 18 for additional information on ASC 820). Intangibles associated with the purchase of real estate were allocated as follows: $8,399,000 to in-place lease intangibles, $158,000 to above market leases (both included in Other Assets on the Consolidated Balance Sheets) and $1,547,000 to below market leases (included in Other Liabilities on the Consolidated Balance Sheets). These costs are amortized over the remaining lives of the associated leases in place at the time of acquisition. | ||||||||||
During 2012, the Company acquired the following operating properties: Madison Distribution Center in Tampa, Florida; Wiegman Distribution Center II in Hayward, California; and Valwood Distribution Center in Dallas, Texas. The Company purchased these properties for a total cost of $51,750,000, of which $48,934,000 was allocated to real estate properties. The Company allocated $7,435,000 of the total purchase price to land using third party land valuations for the Tampa, Hayward and Dallas markets. The market values are considered to be Level 3 inputs as defined by ASC 820. Intangibles associated with the purchase of real estate were allocated as follows: $3,305,000 to in-place lease intangibles, $244,000 to above market leases and $733,000 to below market leases. | ||||||||||
During 2011, EastGroup acquired the following operating properties: Lakeview Business Center and Ridge Creek Distribution Center II in Charlotte, North Carolina; Broadway Industrial Park, Building VII in Tempe, Arizona; the Tampa Industrial Portfolio in Tampa, Florida; and Rittiman Distribution Center in San Antonio, Texas. The Company purchased these properties for a total cost of $88,592,000, of which $80,624,000 was allocated to real estate properties. The Company allocated $13,872,000 of the total purchase price to land using third party land valuations for the Charlotte, Tempe, Tampa and San Antonio markets. The market values are considered to be Level 3 inputs as defined by ASC 820. Intangibles associated with the purchase of real estate were allocated as follows: $6,949,000 to in-place lease intangibles, $1,693,000 to above market leases and $674,000 to below market leases. | ||||||||||
The Company periodically reviews the recoverability of goodwill (at least annually) and the recoverability of other intangibles (on a quarterly basis) for possible impairment. | ||||||||||
Stock-Based Compensation | ' | |||||||||
Stock-Based Compensation | ||||||||||
In May 2004, the stockholders of the Company approved the EastGroup Properties, Inc. 2004 Equity Incentive Plan ("the 2004 Plan"), which was further amended by the Board of Directors in September 2005 and December 2006. This plan authorized the issuance of common stock to employees in the form of options, stock appreciation rights, restricted stock, deferred stock units, performance shares, bonus stock or stock in lieu of cash compensation. | ||||||||||
In April 2013, the Board of Directors adopted the EastGroup Properties, Inc. 2013 Equity Incentive Plan (the “2013 Equity Plan”) upon the recommendation of the Compensation Committee; the 2013 Equity Plan was approved by the Company's stockholders and became effective May 29, 2013. The 2013 Equity Plan replaced the 2004 Plan and the 2005 Directors Equity Incentive Plan. Typically, the Company issues new shares to fulfill stock grants or upon the exercise of stock options. | ||||||||||
EastGroup applies the provisions of ASC 718, Compensation – Stock Compensation, to account for its stock-based compensation plans. The cost for performance-based awards is determined using the graded vesting attribution method which recognizes each separate vesting portion of the award as a separate award on a straight-line basis over the requisite service period. This method accelerates the expensing of the award compared to the straight-line method. The cost for market-based awards and awards that only require service are expensed on a straight-line basis over the requisite service periods. | ||||||||||
The total compensation expense for service and performance based awards is based upon the fair market value of the shares on the grant date, adjusted for estimated forfeitures. The grant date fair value for awards that have been granted and are subject to a future market condition (total shareholder return) are determined using a simulation pricing model developed to specifically accommodate the unique features of the awards. | ||||||||||
During the restricted period for awards no longer subject to contingencies, the Company accrues dividends and holds the certificates for the shares; however, the employee can vote the shares. For shares subject to contingencies, dividends are accrued based upon the number of shares expected to be awarded. Share certificates and dividends are delivered to the employee as they vest. | ||||||||||
Earnings Per Share | ' | |||||||||
Earnings Per Share | ||||||||||
The Company applies ASC 260, Earnings Per Share, which requires companies to present basic and diluted earnings per share (EPS). Basic EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period. The Company’s basic EPS is calculated by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding. | ||||||||||
Diluted EPS represents the amount of earnings for the period attributable to each share of common stock outstanding during the reporting period and to each share that would have been outstanding assuming the issuance of common shares for all dilutive potential common shares outstanding during the reporting period. The Company calculates diluted EPS by dividing Net Income Attributable to EastGroup Properties, Inc. Common Stockholders by the weighted average number of common shares outstanding plus the dilutive effect of unvested restricted stock and stock options had the options been exercised. The dilutive effect of stock options and their equivalents (such as unvested restricted stock) is determined using the treasury stock method which assumes exercise of the options as of the beginning of the period or when issued, if later, and assumes proceeds from the exercise of options are used to purchase common stock at the average market price during the period. | ||||||||||
Use of Estimates | ' | |||||||||
Use of Estimates | ||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and revenues and expenses during the reporting period and to disclose material contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. | ||||||||||
New Accounting Pronouncements, Policy | ' | |||||||||
Accounting Pronouncements | ||||||||||
EastGroup has evaluated all Accounting Standards Updates (ASUs) released by the FASB through the date the financial statements were issued and determined that the following ASU applies to the Company. | ||||||||||
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220) Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide detail about those amounts. ASU 2013-02 was effective for interim and annual reporting periods beginning after December 15, 2012. The Company has adopted the provisions of ASU 2013-02 and provided the necessary disclosures beginning with the period ended March 31, 2013. | ||||||||||
Classification of Book Overdraft on Consolidated Statements of Cash Flows | ' | |||||||||
Classification of Book Overdraft on Consolidated Statements of Cash Flows | ||||||||||
The Company classifies changes in book overdraft in which the bank has not advanced cash to the Company to cover outstanding checks as an operating activity. Such amounts are included in Accounts payable, accrued expenses and prepaid rent in the Operating Activities section on the Consolidated Statements of Cash Flows. | ||||||||||
Reclassifications | ' | |||||||||
Reclassifications | ||||||||||
Certain reclassifications have been made in the 2012 and 2011 consolidated financial statements to conform to the 2013 presentation. |
SIGNIFICANT_ACCOUNTING_POLICIE2
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Accounting Policies [Abstract] | ' | |||||||||
Federal Income Tax Treatment of Share Distributions | ' | |||||||||
The following table summarizes the federal income tax treatment for all distributions by the Company for the years ended 2013, 2012 and 2011. | ||||||||||
Federal Income Tax Treatment of Share Distributions | ||||||||||
Years Ended December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||
Common Share Distributions: | ||||||||||
Ordinary dividends | $ | 1.91678 | 1.64506 | 1.68516 | ||||||
Nondividend distributions | 0.21054 | 0.2924 | 0.39484 | |||||||
Unrecaptured Section 1250 capital gain | 0.0027 | 0.14942 | — | |||||||
Other capital gain | 0.00998 | 0.01312 | — | |||||||
Total Common Distributions | $ | 2.14 | 2.1 | 2.08 | ||||||
Projected amortization of in-place lease intangibles for the next five years | ' | |||||||||
Projected amortization of in-place lease intangibles for the next five years as of December 31, 2013 is as follows: | ||||||||||
Years Ending December 31, | (In thousands) | |||||||||
2014 | $ | 4,068 | ||||||||
2015 | 2,814 | |||||||||
2016 | 1,663 | |||||||||
2017 | 991 | |||||||||
2018 | 610 | |||||||||
REAL_ESTATE_PROPERTIES_Tables
REAL ESTATE PROPERTIES (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Real Estate [Abstract] | ' | ||||||||||||||||||
Schedule of Real Estate Properties | ' | ||||||||||||||||||
The Company’s real estate properties and development at December 31, 2013 and 2012 were as follows: | |||||||||||||||||||
December 31, | |||||||||||||||||||
2013 | 2012 | ||||||||||||||||||
(In thousands) | |||||||||||||||||||
Real estate properties: | |||||||||||||||||||
Land | $ | 265,871 | 244,199 | ||||||||||||||||
Buildings and building improvements | 1,210,318 | 1,102,597 | |||||||||||||||||
Tenant and other improvements | 302,370 | 272,981 | |||||||||||||||||
Development | 148,767 | 148,255 | |||||||||||||||||
1,927,326 | 1,768,032 | ||||||||||||||||||
Less accumulated depreciation | (550,113 | ) | (496,247 | ) | |||||||||||||||
$ | 1,377,213 | 1,271,785 | |||||||||||||||||
Gain on Sales of Real Estate | ' | ||||||||||||||||||
A summary of gain on sales of real estate for the years ended December 31, 2013, 2012 and 2011 follows: | |||||||||||||||||||
Gain on Sales of Real Estate | |||||||||||||||||||
Real Estate Properties | Location | Size | Date Sold | Net Sales Price | Basis | Recognized Gain | |||||||||||||
(in Square Feet) | |||||||||||||||||||
(In thousands) | |||||||||||||||||||
2013 | |||||||||||||||||||
Tampa West Distribution Center V | Tampa, FL | 12,000 | 12/20/13 | $ | 609 | 442 | 167 | ||||||||||||
Tampa West Distribution Center VII | Tampa, FL | 6,000 | 12/20/13 | 422 | 417 | 5 | |||||||||||||
Tampa East Distribution Center II | Tampa, FL | 31,000 | 12/30/13 | 1,929 | 1,303 | 626 | |||||||||||||
Total for 2013 | $ | 2,960 | 2,162 | 798 | |||||||||||||||
2012 | |||||||||||||||||||
Tampa East Distribution Center III | Tampa, FL | 10,500 | 2/15/12 | $ | 538 | 371 | 167 | ||||||||||||
and Tampa West Distribution | |||||||||||||||||||
Center VIII | |||||||||||||||||||
Estrella Distribution Center | Phoenix, AZ | 174,000 | 6/13/12 | 6,861 | 4,992 | 1,869 | |||||||||||||
Braniff Distribution Center | Tulsa, OK | 259,000 | 12/27/12 | 9,688 | 5,214 | 4,474 | |||||||||||||
Total for 2012 | $ | 17,087 | 10,577 | 6,510 | |||||||||||||||
2011 | |||||||||||||||||||
Deferred gain recognized from | $ | — | — | 36 | |||||||||||||||
previous sales | |||||||||||||||||||
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | ' | ||||||||||||||||||
The following table presents the components of revenues and expenses for the properties sold or held for sale during 2013, 2012 and 2011. | |||||||||||||||||||
DISCONTINUED OPERATIONS | Years Ended December 31, | ||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
Income from real estate operations | $ | 306 | 1,737 | 1,475 | |||||||||||||||
Expenses from real estate operations | (87 | ) | (448 | ) | (499 | ) | |||||||||||||
Property net operating income from discontinued operations | 219 | 1,289 | 976 | ||||||||||||||||
Other income | — | — | 5 | ||||||||||||||||
Depreciation and amortization | (130 | ) | (929 | ) | (712 | ) | |||||||||||||
Income from real estate operations | 89 | 360 | 269 | ||||||||||||||||
Gain on sales of nondepreciable real estate investments, net of tax (1) | — | 167 | — | ||||||||||||||||
Gain on sales of real estate investments | 798 | 6,343 | — | ||||||||||||||||
Income from discontinued operations | $ | 887 | 6,870 | 269 | |||||||||||||||
-1 | The Company recognized taxes of $6,000 on the gains related to the sales of Tampa East Distribution Center III and Tampa West Distribution Center VIII during 2012. | ||||||||||||||||||
Development | ' | ||||||||||||||||||
DEVELOPMENT | Costs Incurred | ||||||||||||||||||
Costs | For the | Cumulative | Estimated | Building Completion Date | |||||||||||||||
Transferred | Year Ended | as of | Total Costs (2) | ||||||||||||||||
in 2013 (1) | 12/31/13 | 12/31/13 | |||||||||||||||||
(In thousands) | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||||||
LEASE-UP | Building Size (Square feet) | ||||||||||||||||||
Thousand Oaks 3, San Antonio, TX | 66,000 | $ | 1,232 | 3,068 | 4,300 | 5,000 | 13-Jul | ||||||||||||
Ten West Crossing 2, Houston, TX | 46,000 | 908 | 3,181 | 4,089 | 5,300 | 13-Sep | |||||||||||||
Ten West Crossing 3, Houston, TX | 68,000 | 693 | 3,676 | 4,369 | 5,300 | 13-Sep | |||||||||||||
World Houston 37, Houston, TX | 101,000 | — | 3,705 | 5,379 | 7,100 | 13-Sep | |||||||||||||
Chandler Freeways, Phoenix, AZ | 126,000 | 1,811 | 6,047 | 7,858 | 8,900 | 13-Nov | |||||||||||||
Total Lease-Up | 407,000 | 4,644 | 19,677 | 25,995 | 31,600 | ||||||||||||||
UNDER CONSTRUCTION | Anticipated Building Completion Date | ||||||||||||||||||
Horizon I, Orlando, FL | 109,000 | 2,178 | 3,123 | 5,301 | 7,700 | 14-Feb | |||||||||||||
Steele Creek I, Charlotte, NC | 71,000 | 895 | 3,372 | 4,267 | 5,300 | 14-Feb | |||||||||||||
Steele Creek II, Charlotte, NC | 71,000 | 894 | 2,447 | 3,341 | 5,300 | 14-Feb | |||||||||||||
Ten West Crossing 4, Houston, TX | 68,000 | 927 | 2,534 | 3,461 | 4,800 | 14-Feb | |||||||||||||
World Houston 39, Houston, TX | 94,000 | 922 | 714 | 1,636 | 5,700 | 14-May | |||||||||||||
Rampart IV, Denver, CO | 84,000 | 977 | 741 | 1,718 | 8,300 | 14-Jun | |||||||||||||
Ten West Crossing 5, Houston, TX | 101,000 | 1,113 | 299 | 1,412 | 7,000 | 14-Aug | |||||||||||||
World Houston 40, Houston, TX | 202,000 | 1,354 | 676 | 2,030 | 11,700 | 14-Sep | |||||||||||||
Total Under Construction | 800,000 | 9,260 | 13,906 | 23,166 | 55,800 | ||||||||||||||
PROSPECTIVE DEVELOPMENT (PRIMARILY LAND) | Estimated Building Size (Square feet) | ||||||||||||||||||
Phoenix, AZ | 406,000 | (1,811 | ) | 487 | 4,373 | 30,800 | |||||||||||||
Tucson, AZ | 70,000 | — | — | 417 | 4,900 | ||||||||||||||
Denver, CO | — | (977 | ) | 266 | — | — | |||||||||||||
Fort Myers, FL | 663,000 | — | 212 | 17,858 | 50,000 | ||||||||||||||
Orlando, FL | 1,267,000 | (4,157 | ) | 2,231 | 24,674 | 91,200 | |||||||||||||
Tampa, FL | 519,000 | — | 677 | 6,822 | 31,100 | ||||||||||||||
Jackson, MS | 28,000 | — | — | 706 | 2,000 | ||||||||||||||
Charlotte, NC | 418,000 | (1,789 | ) | 7,808 | 7,354 | 29,800 | |||||||||||||
Dallas, TX | 120,000 | — | 14 | 1,249 | 7,800 | ||||||||||||||
El Paso, TX | 251,000 | — | — | 2,444 | 11,300 | ||||||||||||||
Houston, TX | 1,889,000 | (5,917 | ) | 5,643 | 28,159 | 126,400 | |||||||||||||
San Antonio, TX | 478,000 | (1,232 | ) | 1,318 | 5,550 | 32,200 | |||||||||||||
Total Prospective Development | 6,109,000 | (15,883 | ) | 18,656 | 99,606 | 417,500 | |||||||||||||
7,316,000 | $ | (1,979 | ) | 52,239 | 148,767 | 504,900 | |||||||||||||
DEVELOPMENTS COMPLETED AND TRANSFERRED TO REAL ESTATE PROPERTIES DURING 2013 | Building Size (Square feet) | Building Completion Date | |||||||||||||||||
Southridge IX, Orlando, FL | 76,000 | $ | — | 18 | 6,318 | 12-Mar | |||||||||||||
Southridge XI, Orlando, FL | 88,000 | — | 37 | 5,502 | 12-Sep | ||||||||||||||
World Houston 33, Houston, TX | 160,000 | — | (169 | ) | 8,915 | 13-Feb | |||||||||||||
World Houston 31B, Houston, TX | 35,000 | — | 75 | 3,026 | 12-Apr | ||||||||||||||
Ten West Crossing 1, Houston, TX | 30,000 | — | 1,402 | 3,144 | 13-Apr | ||||||||||||||
Thousand Oaks 1, San Antonio, TX | 36,000 | — | 454 | 3,993 | 12-May | ||||||||||||||
Thousand Oaks 2, San Antonio, TX | 73,000 | — | 513 | 5,322 | 12-May | ||||||||||||||
Beltway Crossing X, Houston, TX | 79,000 | — | 380 | 4,196 | 12-Jun | ||||||||||||||
World Houston 34, Houston, TX | 57,000 | — | 1,058 | 3,733 | 13-Apr | ||||||||||||||
World Houston 35, Houston, TX | 45,000 | — | 578 | 2,691 | 13-Apr | ||||||||||||||
World Houston 36, Houston, TX | 60,000 | — | 3,872 | 5,309 | 13-Sep | ||||||||||||||
Southridge X, Orlando, FL | 71,000 | 1,979 | 3,202 | 5,181 | 13-Sep | ||||||||||||||
World Houston 38, Houston, TX | 128,000 | — | 5,613 | 7,830 | 13-Oct | ||||||||||||||
Beltway Crossing XI, Houston, TX | 87,000 | — | 1,183 | 4,783 | 13-Feb | ||||||||||||||
Total Transferred to Real Estate Properties | 1,025,000 | $ | 1,979 | 18,216 | 69,943 | (3) | |||||||||||||
-1 | Represents costs transferred from Prospective Development (primarily land) to Under Construction during the period. | ||||||||||||||||||
-2 | Included in these costs are development obligations of $19.8 million and tenant improvement obligations of $6.6 million on properties under development. | ||||||||||||||||||
-3 | Represents cumulative costs at the date of transfer. | ||||||||||||||||||
Future Minimum Rental Receipts Under Non-cancelable Leases | ' | ||||||||||||||||||
The following schedule indicates approximate future minimum rental receipts under non-cancelable leases for real estate properties by year as of December 31, 2013: | |||||||||||||||||||
Future Minimum Rental Receipts Under Non-Cancelable Leases | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 155,016 | |||||||||||||||||
2015 | 126,497 | ||||||||||||||||||
2016 | 91,403 | ||||||||||||||||||
2017 | 64,542 | ||||||||||||||||||
2018 | 43,663 | ||||||||||||||||||
Thereafter | 82,068 | ||||||||||||||||||
Total minimum receipts | $ | 563,189 | |||||||||||||||||
Future Minimum Ground Lease Payments | ' | ||||||||||||||||||
The following schedule indicates approximate future minimum ground lease payments for these properties by year as of December 31, 2013: | |||||||||||||||||||
Future Minimum Ground Lease Payments | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 739 | |||||||||||||||||
2015 | 739 | ||||||||||||||||||
2016 | 739 | ||||||||||||||||||
2017 | 739 | ||||||||||||||||||
2018 | 739 | ||||||||||||||||||
Thereafter | 12,417 | ||||||||||||||||||
Total minimum payments | $ | 16,112 | |||||||||||||||||
OTHER_ASSETS_Tables
OTHER ASSETS (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Assets [Abstract] | ' | ||||||
Other Assets | ' | ||||||
A summary of the Company’s Other Assets follows: | |||||||
31-Dec-13 | December 31, 2012 | ||||||
(In thousands) | |||||||
Leasing costs (principally commissions) | $ | 48,473 | 41,290 | ||||
Accumulated amortization of leasing costs | (18,855 | ) | (17,543 | ) | |||
Leasing costs (principally commissions), net of accumulated amortization | 29,618 | 23,747 | |||||
Straight-line rents receivable | 24,030 | 22,153 | |||||
Allowance for doubtful accounts on straight-line rents receivable | (376 | ) | (409 | ) | |||
Straight-line rents receivable, net of allowance for doubtful accounts | 23,654 | 21,744 | |||||
Accounts receivable | 4,863 | 3,477 | |||||
Allowance for doubtful accounts on accounts receivable | (349 | ) | (373 | ) | |||
Accounts receivable, net of allowance for doubtful accounts | 4,514 | 3,104 | |||||
Acquired in-place lease intangibles | 16,793 | 11,848 | |||||
Accumulated amortization of acquired in-place lease intangibles | (5,366 | ) | (4,516 | ) | |||
Acquired in-place lease intangibles, net of accumulated amortization | 11,427 | 7,332 | |||||
Acquired above market lease intangibles | 1,835 | 2,443 | |||||
Accumulated amortization of acquired above market lease intangibles | (659 | ) | (976 | ) | |||
Acquired above market lease intangibles, net of accumulated amortization | 1,176 | 1,467 | |||||
Mortgage loans receivable | 8,894 | 9,357 | |||||
Discount on mortgage loans receivable | (24 | ) | (34 | ) | |||
Mortgage loans receivable, net of discount | 8,870 | 9,323 | |||||
Loan costs | 8,050 | 8,476 | |||||
Accumulated amortization of loan costs | (3,601 | ) | (4,960 | ) | |||
Loan costs, net of accumulated amortization | 4,449 | 3,516 | |||||
Interest rate swap assets | 1,692 | — | |||||
Goodwill | 990 | 990 | |||||
Prepaid expenses and other assets | 7,037 | 7,093 | |||||
Total Other Assets | $ | 93,427 | 78,316 | ||||
SECURED_AND_UNSECURED_DEBT_Tab
SECURED AND UNSECURED DEBT (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||||||||
Secured debt | ' | ||||||||||||||||||
A summary of Secured Debt follows: | |||||||||||||||||||
Interest Rate | Monthly | Maturity | Carrying Amount | Balance at December 31, | |||||||||||||||
P&I | Date | of Securing | |||||||||||||||||
Payment | Real Estate at | ||||||||||||||||||
Property | 31-Dec-13 | 2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||||
35th Avenue, Beltway I, Broadway V, | 4.75% | $ | 259,403 | Repaid | $ | — | — | 34,474 | |||||||||||
Lockwood, Northwest Point, Sunbelt, Techway Southwest I and World Houston 10, 11 & 14 | |||||||||||||||||||
Airport Commerce Center I & II, Interchange | 5.75% | 414,229 | Repaid | — | — | 52,086 | |||||||||||||
Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center and World Houston 24, 25 & 27 | |||||||||||||||||||
Kyrene Distribution Center | 9.00% | 11,246 | 7/1/14 | 4,059 | 76 | 198 | |||||||||||||
Americas Ten I, Kirby, Palm River North I, II | 5.68% | 175,479 | 10/10/14 | 23,509 | 26,907 | 27,467 | |||||||||||||
& III, Shady Trail, Westlake I & II and World Houston 17 | |||||||||||||||||||
Beltway II, III & IV, Commerce Park 1, | 5.50% | 536,552 | 4/5/15 | 64,467 | 61,402 | 64,374 | |||||||||||||
Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and World Houston 15 & 22 | |||||||||||||||||||
Country Club I, Lake Pointe, Techway | 4.98% | 256,952 | 12/5/15 | 20,534 | 27,812 | 29,465 | |||||||||||||
Southwest II and World Houston 19 & 20 | |||||||||||||||||||
Huntwood and Wiegman Distribution Centers | 5.68% | 265,275 | 9/5/16 | 20,631 | 28,833 | 30,332 | |||||||||||||
Alamo Downs, Arion 1-15 & 17, Rampart I, II, III | 5.97% | 557,467 | 11/5/16 | 54,487 | 60,131 | 63,132 | |||||||||||||
& IV, Santan 10 and World Houston 16 | |||||||||||||||||||
Arion 16, Broadway VI, Chino, East | 5.57% | 518,885 | 9/5/17 | 53,298 | 57,368 | 60,310 | |||||||||||||
University I & II, Northpark I-IV, Santan 10 II, 55th Avenue and World Houston 1 & 2, 21 & 23 | |||||||||||||||||||
Dominguez, Industry I & III, Kingsview, Shaw, | 7.50% | 539,747 | 5/5/19 | 47,169 | 59,087 | 61,052 | |||||||||||||
Walnut and Washington (1) | |||||||||||||||||||
Blue Heron Distribution Center II | 5.39% | 16,176 | 2/29/20 | 4,430 | 1,026 | 1,161 | |||||||||||||
40th Avenue, Beltway V, Centennial Park, | 4.39% | 463,778 | 1/5/21 | 72,223 | 66,805 | 69,376 | |||||||||||||
Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII and World Houston 26, 28, 29 & 30 | |||||||||||||||||||
America Plaza, Central Green, Glenmont | 4.75% | 420,045 | 6/5/21 | 44,770 | 59,827 | 61,970 | |||||||||||||
I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II and World Houston 3-9 | |||||||||||||||||||
Arion 18, Beltway VI & VII, Commerce Park | 4.09% | 329,796 | 1/5/22 | 60,791 | 50,519 | 52,369 | |||||||||||||
II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32 | |||||||||||||||||||
$ | 470,368 | 499,793 | 607,766 | ||||||||||||||||
-1 | This mortgage loan has a recourse liability of $5.0 million which will be released based on the secured properties generating certain base rent amounts. | ||||||||||||||||||
Unsecured debt | ' | ||||||||||||||||||
A summary of Unsecured Debt follows: | |||||||||||||||||||
Balance at December 31, | |||||||||||||||||||
Interest Rate | Maturity Date | 2013 | 2012 | ||||||||||||||||
(In thousands) | |||||||||||||||||||
$80 Million Unsecured Term Loan (1) | 2.77% | 8/15/18 | $ | 80,000 | 80,000 | ||||||||||||||
$50 Million Unsecured Term Loan | 3.91% | 12/21/18 | 50,000 | 50,000 | |||||||||||||||
$75 Million Unsecured Term Loan (2) | 3.75% | 12/20/20 | 75,000 | — | |||||||||||||||
$100 Million Senior Unsecured Notes (3) | 3.80% | 8/28/25 | 100,000 | — | |||||||||||||||
$ | 305,000 | 130,000 | |||||||||||||||||
-1 | The interest rate on this unsecured term loan is comprised of LIBOR plus 175 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into an interest rate swap to convert the loan's LIBOR rate to a fixed interest rate, providing the Company an effective interest rate on the term loan of 2.770% as of December 31, 2013. See Note 13 for additional information on the interest rate swap. | ||||||||||||||||||
-2 | The interest rate on this unsecured term loan is comprised of LIBOR plus 140 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into two interest rate swaps to convert the loan's LIBOR rate to a fixed interest rate, providing the Company a weighted average effective interest rate on the term loan of 3.752% as of December 31, 2013. See Note 13 for additional information on the interest rate swaps. | ||||||||||||||||||
-3 | Principal payments due on the $100 million senior unsecured notes are as follows: $30 million on August 28, 2020, $50 million on August 28, 2023, and $20 million on August 28, 2025. | ||||||||||||||||||
Principal payments due during the next five years | ' | ||||||||||||||||||
Principal payments on long-term debt, including secured and unsecured debt, due during the next five years as of December 31, 2013 are as follows: | |||||||||||||||||||
Years Ending December 31, | (In thousands) | ||||||||||||||||||
2014 | $ | 48,862 | |||||||||||||||||
2015 | 102,287 | ||||||||||||||||||
2016 | 92,717 | ||||||||||||||||||
2017 | 58,145 | ||||||||||||||||||
2018 | 141,218 | ||||||||||||||||||
ACCOUNTS_PAYABLE_AND_ACCRUED_E1
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Payables and Accruals [Abstract] | ' | ||||||
Summary of Accounts Payable and Accrued Expenses | ' | ||||||
A summary of the Company’s Accounts Payable and Accrued Expenses follows: | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
(In thousands) | |||||||
Property taxes payable | $ | 15,507 | 12,107 | ||||
Development costs payable | 7,679 | 7,170 | |||||
Interest payable | 3,658 | 2,615 | |||||
Dividends payable on unvested restricted stock | 1,928 | 1,191 | |||||
Other payables and accrued expenses | 8,332 | 5,831 | |||||
Total Accounts Payable and Accrued Expenses | $ | 37,104 | 28,914 | ||||
OTHER_LIABILITIES_Tables
OTHER LIABILITIES (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Other Liabilities Disclosure [Abstract] | ' | ||||||
Summary of other liabilities | ' | ||||||
A summary of the Company’s Other Liabilities follows: | |||||||
December 31, | |||||||
2013 | 2012 | ||||||
(In thousands) | |||||||
Security deposits | $ | 11,359 | 9,668 | ||||
Prepaid rent and other deferred income | 10,101 | 7,930 | |||||
Acquired below-market lease intangibles | 2,972 | 1,541 | |||||
Accumulated amortization of below-market lease intangibles | (874 | ) | (391 | ) | |||
Acquired below-market lease intangibles, net of accumulated amortization | 2,098 | 1,150 | |||||
Interest rate swap liabilities | 244 | 645 | |||||
Other liabilities | 56 | 693 | |||||
Total Other Liabilities | $ | 23,858 | 20,086 | ||||
COMMON_STOCK_ACTIVITY_Tables
COMMON STOCK ACTIVITY (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity [Abstract] | ' | ||||||||
Common Stock Activity | ' | ||||||||
The following table presents the common stock activity for the three years ended December 31, 2013: | |||||||||
Years Ended December 31, | |||||||||
2013 | 2012 | 2011 | |||||||
Common Shares | |||||||||
Shares outstanding at beginning of year | 29,928,490 | 27,658,059 | 26,973,531 | ||||||
Common stock offerings | 890,085 | 2,179,153 | 586,977 | ||||||
Stock options exercised | 4,500 | 4,500 | 9,250 | ||||||
Dividend reinvestment plan | 3,577 | 3,915 | 5,989 | ||||||
Incentive restricted stock granted | 112,099 | 111,732 | 79,491 | ||||||
Incentive restricted stock forfeited | — | — | (233 | ) | |||||
Director common stock awarded | 7,469 | 7,326 | 6,618 | ||||||
Director restricted stock granted | 417 | — | — | ||||||
Restricted stock withheld for tax obligations | (9,412 | ) | (36,195 | ) | (3,564 | ) | |||
Shares outstanding at end of year | 30,937,225 | 29,928,490 | 27,658,059 | ||||||
STOCKBASED_COMPENSATION_Tables
STOCK-BASED COMPENSATION (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Restricted Stock Activity | ' | ||||||||||||||||||||
Restricted Stock Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average | Weighted Average | Weighted Average | |||||||||||||||||||
Shares | Grant Date | Shares | Grant Date | Shares | Grant Date | ||||||||||||||||
Fair Value | Fair Value | Fair Value | |||||||||||||||||||
Unvested at beginning of year | 212,206 | $ | 42.84 | 235,929 | $ | 38.9 | 170,575 | $ | 36.29 | ||||||||||||
Granted | 112,099 | 56.77 | 111,732 | 48.79 | 79,491 | 44.99 | |||||||||||||||
Forfeited | — | — | — | — | (233 | ) | 35.85 | ||||||||||||||
Vested | (30,316 | ) | 52.32 | (135,455 | ) | 40.88 | (13,904 | ) | 41.77 | ||||||||||||
Unvested at end of year | 293,989 | 47.17 | 212,206 | 42.84 | 235,929 | 38.9 | |||||||||||||||
Restricted Stock Non-vested Awards By Expected Vesting Period | ' | ||||||||||||||||||||
Following is a vesting schedule of the total unvested shares as of December 31, 2013: | |||||||||||||||||||||
Unvested Shares Vesting Schedule | Number of Shares | ||||||||||||||||||||
2014 | 80,579 | ||||||||||||||||||||
2015 | 73,066 | ||||||||||||||||||||
2016 | 65,117 | ||||||||||||||||||||
2017 | 23,037 | ||||||||||||||||||||
2018 | 16,190 | ||||||||||||||||||||
2019 | 16,200 | ||||||||||||||||||||
2020 | 19,800 | ||||||||||||||||||||
Total Unvested Shares | 293,989 | ||||||||||||||||||||
Stock Option Activity (Employees) | ' | ||||||||||||||||||||
Following is a summary of the total employee stock options exercised with related weighted average exercise share prices for 2013, 2012 and 2011. | |||||||||||||||||||||
Stock Option Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average Exercise Price | Weighted Average Exercise Price | Weighted Average Exercise Price | |||||||||||||||||||
Shares | Shares | Shares | |||||||||||||||||||
Outstanding at beginning of year | — | $ | — | — | $ | — | 250 | $ | 25.3 | ||||||||||||
Exercised | — | — | — | — | (250 | ) | 25.3 | ||||||||||||||
Outstanding at end of year | — | — | — | — | — | — | |||||||||||||||
Exercisable at end of year | — | $ | — | — | $ | — | — | $ | — | ||||||||||||
Stock Option Activity (Directors) | ' | ||||||||||||||||||||
Following is a summary of the total director stock options exercised with related weighted average exercise share prices for 2013, 2012 and 2011. | |||||||||||||||||||||
Stock Option Activity: | Years Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Weighted Average Exercise Price | Weighted Average Exercise Price | Weighted Average Exercise Price | |||||||||||||||||||
Shares | Shares | Shares | |||||||||||||||||||
Outstanding at beginning of year | 4,500 | $ | 26.6 | 9,000 | $ | 25.31 | 18,000 | $ | 24.33 | ||||||||||||
Exercised | (4,500 | ) | 26.6 | (4,500 | ) | 24.02 | (9,000 | ) | 23.36 | ||||||||||||
Outstanding at end of year | — | — | 4,500 | 26.6 | 9,000 | 25.31 | |||||||||||||||
Exercisable at end of year | — | $ | — | 4,500 | $ | 26.6 | 9,000 | $ | 25.31 | ||||||||||||
COMPREHENSIVE_INCOME_Tables
COMPREHENSIVE INCOME (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||
Accumulated Other Comprehensive Loss | ' | |||||||||
The components of Accumulated Other Comprehensive Income (Loss) for 2013, 2012 and 2011 are presented in the Company’s Consolidated Statements of Changes in Equity and are summarized below. See Note 13 for additional information on the Company’s interest rate swaps. | ||||||||||
2013 | 2012 | 2011 | ||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS): | (In thousands) | |||||||||
Balance at beginning of year | $ | (392 | ) | — | — | |||||
Change in fair value of interest rate swaps | 2,021 | (392 | ) | — | ||||||
Balance at end of year | $ | 1,629 | (392 | ) | — | |||||
DERIVATIVE_INSTRUMENTS_AND_HED1
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Derivative [Line Items] | ' | |||||||||||
Schedule of Interest Rate Derivatives [Table Text Block] | ' | |||||||||||
As of December 31, 2013 and December 31, 2012, the Company had the following outstanding interest rate derivatives that are designated as cash flow hedges of interest rate risk: | ||||||||||||
Interest Rate Derivative | Notional Amount as of December 31, 2013 | Notional Amount as of December 31, 2012 | ||||||||||
Interest Rate Swap | $80,000,000 | $80,000,000 | ||||||||||
Interest Rate Swap | $60,000,000 | — | ||||||||||
Interest Rate Swap | $15,000,000 | — | ||||||||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | ' | |||||||||||
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of December 31, 2013 and December 31, 2012. See Note 18 for additional information on the fair value of the Company's interest rate swaps. | ||||||||||||
Derivatives | Derivatives | |||||||||||
As of December 31, 2013 | As of December 31, 2012 | |||||||||||
Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | |||||||||
Derivatives designated as cash flow hedges: | ||||||||||||
Interest rate swap assets | Other Assets | $ | 1,692,000 | Other Assets | $ | — | ||||||
Interest rate swap liabilities | Other Liabilities | 244,000 | Other Liabilities | 645,000 | ||||||||
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance | ' | |||||||||||
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2013, 2012 and 2011: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
(In thousands) | ||||||||||||
DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS | ||||||||||||
Interest Rate Swaps: | ||||||||||||
Amount of income (loss) recognized in Other Comprehensive Income on derivative | $ | 1,350 | (593 | ) | — | |||||||
Amount of loss reclassified from Accumulated Other Comprehensive Income (Loss) into Interest Expense | (671 | ) | (201 | ) | — | |||||||
MARK TO MARKET DERIVATIVES | ||||||||||||
Interest Rate Swaps: | ||||||||||||
Amount of loss recognized in earnings upon swap designation | — | (242 | ) | — | ||||||||
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2013 | ||||||||||
Earnings Per Share [Abstract] | ' | |||||||||
Earnings Per Share | ' | |||||||||
Reconciliation of the numerators and denominators in the basic and diluted EPS computations is as follows: | ||||||||||
2013 | 2012 | 2011 | ||||||||
(In thousands) | ||||||||||
BASIC EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE TO | ||||||||||
EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ||||||||||
Numerator – net income attributable to common stockholders | $ | 32,615 | 32,384 | 22,359 | ||||||
Denominator – weighted average shares outstanding | 30,162 | 28,577 | 26,897 | |||||||
DILUTED EPS COMPUTATION FOR NET INCOME ATTRIBUTABLE | ||||||||||
TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ||||||||||
Numerator – net income attributable to common stockholders | $ | 32,615 | 32,384 | 22,359 | ||||||
Denominator: | ||||||||||
Weighted average shares outstanding | 30,162 | 28,577 | 26,897 | |||||||
Common stock options | 1 | 3 | 6 | |||||||
Unvested restricted stock | 106 | 97 | 68 | |||||||
Total Shares | 30,269 | 28,677 | 26,971 | |||||||
QUARTERLY_RESULTS_OF_OPERATION1
QUARTERLY RESULTS OF OPERATIONS - UNAUDITED (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||||||||||
Quarterly results of operations | ' | ||||||||||||||||||||||||
2013 Quarter Ended | 2012 Quarter Ended | ||||||||||||||||||||||||
31-Mar | 30-Jun | 30-Sep | 31-Dec | 31-Mar | 30-Jun | 30-Sep | 31-Dec | ||||||||||||||||||
(In thousands, except per share data) | |||||||||||||||||||||||||
Revenues | $ | 48,424 | 49,351 | 51,427 | 53,918 | 46,462 | 46,289 | 46,794 | 47,024 | ||||||||||||||||
Expenses | (41,117 | ) | (41,596 | ) | (42,932 | ) | (45,137 | ) | (41,165 | ) | (40,175 | ) | (40,001 | ) | (39,211 | ) | |||||||||
Income from continuing operations | 7,307 | 7,755 | 8,495 | 8,781 | 5,297 | 6,114 | 6,793 | 7,813 | |||||||||||||||||
Income from discontinued operations | 1 | 35 | 19 | 832 | 225 | 1,970 | 104 | 4,572 | |||||||||||||||||
Net income | 7,308 | 7,790 | 8,514 | 9,613 | 5,522 | 8,084 | 6,897 | 12,385 | |||||||||||||||||
Net income attributable to | (154 | ) | (147 | ) | (151 | ) | (158 | ) | (119 | ) | (111 | ) | (126 | ) | (147 | ) | |||||||||
noncontrolling interest in joint ventures | |||||||||||||||||||||||||
Net income attributable to EastGroup | $ | 7,154 | 7,643 | 8,363 | 9,455 | 5,403 | 7,973 | 6,771 | 12,238 | ||||||||||||||||
Properties, Inc. common stockholders | |||||||||||||||||||||||||
BASIC PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS (1) | |||||||||||||||||||||||||
Net income attributable to common | $ | 0.24 | 0.25 | 0.28 | 0.31 | 0.2 | 0.28 | 0.23 | 0.41 | ||||||||||||||||
stockholders | |||||||||||||||||||||||||
Weighted average shares outstanding | 29,809 | 29,991 | 30,281 | 30,556 | 27,647 | 28,246 | 28,912 | 29,491 | |||||||||||||||||
DILUTED PER SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS (1) | |||||||||||||||||||||||||
Net income attributable to common | $ | 0.24 | 0.25 | 0.28 | 0.31 | 0.19 | 0.28 | 0.23 | 0.41 | ||||||||||||||||
stockholders | |||||||||||||||||||||||||
Weighted average shares outstanding | 29,890 | 30,096 | 30,400 | 30,699 | 27,718 | 28,341 | 29,030 | 29,614 | |||||||||||||||||
-1 | The above quarterly earnings per share calculations are based on the weighted average number of common shares outstanding during each quarter for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each quarter for diluted earnings per share. The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of common shares outstanding during each year for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each year for diluted earnings per share. The sum of quarterly financial data may vary from the annual data due to rounding. |
FAIR_VALUE_OF_FINANCIAL_INSTRU1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||
Carrying amounts and fair value of financial instruments | ' | ||||||||||||
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments in accordance with ASC 820 at December 31, 2013 and 2012. | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||
Amount (1) | Value | Amount (1) | Value | ||||||||||
(In thousands) | |||||||||||||
Financial Assets: | |||||||||||||
Cash and cash equivalents | $ | 8 | 8 | 1,258 | 1,258 | ||||||||
Mortgage loans receivable, net of discount | 8,870 | 9,040 | 9,323 | 9,748 | |||||||||
Interest rate swap assets | 1,692 | 1,692 | — | — | |||||||||
Financial Liabilities: | |||||||||||||
Secured debt | 499,793 | 519,390 | 607,766 | 661,408 | |||||||||
Unsecured debt | 305,000 | 294,860 | 130,000 | 130,776 | |||||||||
Unsecured bank credit facilities | 88,952 | 89,140 | 76,160 | 76,160 | |||||||||
Interest rate swap liabilities | 244 | 244 | 645 | 645 | |||||||||
-1 | Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as indicated in the notes below. |
SIGNIFICANT_ACCOUNTING_POLICIE3
SIGNIFICANT ACCOUNTING POLICIES (Details) | 12 Months Ended |
Dec. 31, 2013 | |
joint_ventures | |
Controlling interest Joint ventures [Abstract] | ' |
Joint Ventures | 2 |
University Business Centers [Member] | ' |
Controlling interest Joint ventures [Abstract] | ' |
Controlling interest in joint ventures (in hundredths) | 80.00% |
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests (in hundredths) | 100.00% |
Castilian Research Center [Member] | ' |
Controlling interest Joint ventures [Abstract] | ' |
Controlling interest in joint ventures (in hundredths) | 80.00% |
Joint ventures' assets, liabilities, revenues and expenses with noncontrolling interests (in hundredths) | 100.00% |
Industry Distribution Center II - undivided tenant [Member] | ' |
Tenant-in-common interest [Abstract] | ' |
Equity method of accounting is used for undivided tenant-in-common interest in Industry Distribution Center II (in hundredths) | 50.00% |
SIGNIFICANT_ACCOUNTING_POLICIE4
SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Class of Stock [Line Items] | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Federal Income Tax Treatment of Share Distributions [Abstract] | ' | ' | ' |
Ordinary taxable income distribution requirement | 90.00% | ' | ' |
Common Stock | ' | ' | ' |
Federal Income Tax Treatment of Share Distributions [Abstract] | ' | ' | ' |
Ordinary income (in dollars per share) | $1.92 | $1.65 | $1.69 |
Return of capital (in dollars per share) | $0.21 | $0.29 | $0.39 |
Unrecaptured Section 1250 capital gain (in dollars per share) | $0.00 | $0.15 | $0 |
Other capital gain (in dollars per share) | $0.01 | $0.01 | $0 |
Total Common Distributions | $2.14 | $2.10 | $2.08 |
SIGNIFICANT_ACCOUNTING_POLICIE5
SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Cost of Services, Depreciation | $54,284,000 | $51,564,000 | $48,648,000 |
Percentage of Occupation When Development Cost Ceased Being Capitalized | 80.00% | ' | ' |
Length of Time After Project Completion When Development Cost Ceased Being Capitalized | '1 year | ' | ' |
Buildings [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life (in years) | '40 years | ' | ' |
Improvements [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life (in years) | '3 years | ' | ' |
Improvements [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Estimated useful life (in years) | '15 years | ' | ' |
SIGNIFICANT_ACCOUNTING_POLICIE6
SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Accounting Policies [Abstract] | ' | ' | ' |
Amortization of loan costs for continuing operations | $1,289,000 | $1,203,000 | $1,053,000 |
Leasing costs amortization expense | $7,354,000 | $7,082,000 | $6,487,000 |
SIGNIFICANT_ACCOUNTING_POLICIE7
SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Acquired Finite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Above and below market leases Increase (decrease) rental Income | $188,000 | ($350,000) | ($338,000) |
Amortization expense for in-place lease intangibles | 4,281,000 | 3,628,000 | 2,316,000 |
Projected amortization of in-place lease intangibles for the next five years [Abstract] | ' | ' | ' |
2014 | 4,068,000 | ' | ' |
2015 | 2,814,000 | ' | ' |
2016 | 1,663,000 | ' | ' |
2017 | 991,000 | ' | ' |
2018 | 610,000 | ' | ' |
Northfield Distribution Center and Interchange Park II [Domain] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Total cost of properties purchased | 72,397,000 | ' | ' |
Total amount allocated to real estate properties | 65,387,000 | ' | ' |
Total purchase price to land | 13,218,000 | ' | ' |
Northfield Distribution Center and Interchange Park II [Domain] | Above Market Leases [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | 158,000 | ' | ' |
Northfield Distribution Center and Interchange Park II [Domain] | Leases, Acquired-in-Place [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | 8,399,000 | ' | ' |
Northfield Distribution Center and Interchange Park II [Domain] | Below market lease [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | 1,547,000 | ' | ' |
Madison Distribution Center, Wiegman Distribution Center II and Valwood Distribution Center [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Total cost of properties purchased | ' | 51,750,000 | ' |
Total amount allocated to real estate properties | ' | 48,934,000 | ' |
Total purchase price to land | ' | 7,435,000 | ' |
Madison Distribution Center, Wiegman Distribution Center II and Valwood Distribution Center [Member] | Above Market Leases [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | 244,000 | ' |
Madison Distribution Center, Wiegman Distribution Center II and Valwood Distribution Center [Member] | Leases, Acquired-in-Place [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | 3,305,000 | ' |
Madison Distribution Center, Wiegman Distribution Center II and Valwood Distribution Center [Member] | Below market lease [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | 733,000 | ' |
Lakeview, Ridge Creek, Broadway VII, Tampa Industrial, and Rittiman [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Total cost of properties purchased | ' | ' | 88,592,000 |
Total amount allocated to real estate properties | ' | ' | 80,624,000 |
Total purchase price to land | ' | ' | 13,872,000 |
Lakeview, Ridge Creek, Broadway VII, Tampa Industrial, and Rittiman [Member] | Above Market Leases [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | ' | 1,693,000 |
Lakeview, Ridge Creek, Broadway VII, Tampa Industrial, and Rittiman [Member] | Leases, Acquired-in-Place [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | ' | 6,949,000 |
Lakeview, Ridge Creek, Broadway VII, Tampa Industrial, and Rittiman [Member] | Below market lease [Member] | ' | ' | ' |
Acquired operating properties [Abstract] | ' | ' | ' |
Intangibles acquired associated with purchase of Real Estate | ' | ' | $674,000 |
REAL_ESTATE_PROPERTIES_Details
REAL ESTATE PROPERTIES (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Land | $265,871,000 | ' | ' | ' | $244,199,000 | ' | ' | ' | $265,871,000 | $244,199,000 | ' | ||||
Buildings and building improvements | 1,210,318,000 | ' | ' | ' | 1,102,597,000 | ' | ' | ' | 1,210,318,000 | 1,102,597,000 | ' | ||||
Tenant and other improvements | 302,370,000 | ' | ' | ' | 272,981,000 | ' | ' | ' | 302,370,000 | 272,981,000 | ' | ||||
Development | 148,767,000 | ' | ' | ' | 148,255,000 | ' | ' | ' | 148,767,000 | 148,255,000 | ' | ||||
Real estate and development properties | 1,927,326,000 | ' | ' | ' | 1,768,032,000 | ' | ' | ' | 1,927,326,000 | 1,768,032,000 | ' | ||||
Less accumulated depreciation | -550,113,000 | ' | ' | ' | -496,247,000 | ' | ' | ' | -550,113,000 | -496,247,000 | ' | ||||
Real estate, net | 1,377,213,000 | ' | ' | ' | 1,271,785,000 | ' | ' | ' | 1,377,213,000 | 1,271,785,000 | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | 2,960,000 | 17,087,000 | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | 2,162,000 | 10,577,000 | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | 798,000 | 6,510,000 | ' | ||||
Deferred gain recognized in current period from previous period sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,000 | ||||
Discontinued Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income from real estate operations | ' | ' | ' | ' | ' | ' | ' | ' | 306,000 | 1,737,000 | 1,475,000 | ||||
Expenses from real estate operations | ' | ' | ' | ' | ' | ' | ' | ' | -87,000 | -448,000 | -499,000 | ||||
Property net operating income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 219,000 | 1,289,000 | 976,000 | ||||
Other income | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 5,000 | ||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | -130,000 | -929,000 | -712,000 | ||||
Income from real estate operations | ' | ' | ' | ' | ' | ' | ' | ' | 89,000 | 360,000 | 269,000 | ||||
Gain on sales of nondepreciable real estate investments | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [1] | 167,000 | [1] | 0 | [1] | |
Gain on sales of real estate investments | ' | ' | ' | ' | ' | ' | ' | ' | 798,000 | 6,343,000 | 0 | ||||
INCOME FROM DISCONTINUED OPERATIONS | 832,000 | 19,000 | 35,000 | 1,000 | 4,572,000 | 104,000 | 1,970,000 | 225,000 | 887,000 | 6,870,000 | 269,000 | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 76,240,000 | 55,404,000 | 42,148,000 | ||||
Development | 148,767,000 | ' | ' | ' | 148,255,000 | ' | ' | ' | 148,767,000 | 148,255,000 | ' | ||||
Interest costs capitalized on development properties | ' | ' | ' | ' | ' | ' | ' | ' | 5,064,000 | 4,660,000 | 3,771,000 | ||||
Internal Development Costs Capitalized During Period | ' | ' | ' | ' | ' | ' | ' | ' | 3,730,000 | 2,810,000 | 1,334,000 | ||||
Improvements on developments transferred to real estate properties | ' | ' | ' | ' | ' | ' | ' | ' | 4,497,000 | ' | ' | ||||
Future Minimum payments receivable [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
2014 | 155,016,000 | ' | ' | ' | ' | ' | ' | ' | 155,016,000 | ' | ' | ||||
2015 | 126,497,000 | ' | ' | ' | ' | ' | ' | ' | 126,497,000 | ' | ' | ||||
2016 | 91,403,000 | ' | ' | ' | ' | ' | ' | ' | 91,403,000 | ' | ' | ||||
2017 | 64,542,000 | ' | ' | ' | ' | ' | ' | ' | 64,542,000 | ' | ' | ||||
2018 | 43,663,000 | ' | ' | ' | ' | ' | ' | ' | 43,663,000 | ' | ' | ||||
Thereafter | 82,068,000 | ' | ' | ' | ' | ' | ' | ' | 82,068,000 | ' | ' | ||||
Total minimum receipts | 563,189,000 | ' | ' | ' | ' | ' | ' | ' | 563,189,000 | ' | ' | ||||
Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 25,995,000 | ' | ' | ' | ' | ' | ' | ' | 25,995,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 407,000 | ' | ' | ' | ' | ' | ' | ' | 407,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 4,644,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 19,677,000 | ' | ' | ||||
Development | 25,995,000 | ' | ' | ' | ' | ' | ' | ' | 25,995,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 31,600,000 | [3] | ' | ' | |||
Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 23,166,000 | ' | ' | ' | ' | ' | ' | ' | 23,166,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 800,000 | ' | ' | ' | ' | ' | ' | ' | 800,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 9,260,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 13,906,000 | ' | ' | ||||
Development | 23,166,000 | ' | ' | ' | ' | ' | ' | ' | 23,166,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 55,800,000 | [3] | ' | ' | |||
Prospective Development [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 99,606,000 | ' | ' | ' | ' | ' | ' | ' | 99,606,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 6,109,000 | ' | ' | ' | ' | ' | ' | ' | 6,109,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -15,883,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 18,656,000 | ' | ' | ||||
Development | 99,606,000 | ' | ' | ' | ' | ' | ' | ' | 99,606,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 417,500,000 | [3] | ' | ' | |||
Prospective Development [Member] | Phoenix Area [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,373,000 | ' | ' | ' | ' | ' | ' | ' | 4,373,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 406,000 | ' | ' | ' | ' | ' | ' | ' | 406,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -1,811,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 487,000 | ' | ' | ||||
Development | 4,373,000 | ' | ' | ' | ' | ' | ' | ' | 4,373,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 30,800,000 | [3] | ' | ' | |||
Prospective Development [Member] | Tucson [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 417,000 | ' | ' | ' | ' | ' | ' | ' | 417,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 70,000 | ' | ' | ' | ' | ' | ' | ' | 70,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
Development | 417,000 | ' | ' | ' | ' | ' | ' | ' | 417,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 4,900,000 | [3] | ' | ' | |||
Prospective Development [Member] | Denver, CO [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -977,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 266,000 | ' | ' | ||||
Development | 0 | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [3] | ' | ' | |||
Prospective Development [Member] | Fort Myers [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 17,858,000 | ' | ' | ' | ' | ' | ' | ' | 17,858,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 663,000 | ' | ' | ' | ' | ' | ' | ' | 663,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 212,000 | ' | ' | ||||
Development | 17,858,000 | ' | ' | ' | ' | ' | ' | ' | 17,858,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | [3] | ' | ' | |||
Prospective Development [Member] | Orlando [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 24,674,000 | ' | ' | ' | ' | ' | ' | ' | 24,674,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 1,267,000 | ' | ' | ' | ' | ' | ' | ' | 1,267,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -4,157,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 2,231,000 | ' | ' | ||||
Development | 24,674,000 | ' | ' | ' | ' | ' | ' | ' | 24,674,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 91,200,000 | [3] | ' | ' | |||
Prospective Development [Member] | Tampa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 6,822,000 | ' | ' | ' | ' | ' | ' | ' | 6,822,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 519,000 | ' | ' | ' | ' | ' | ' | ' | 519,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 677,000 | ' | ' | ||||
Development | 6,822,000 | ' | ' | ' | ' | ' | ' | ' | 6,822,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 31,100,000 | [3] | ' | ' | |||
Prospective Development [Member] | Jackson area [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 706,000 | ' | ' | ' | ' | ' | ' | ' | 706,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 28,000 | ' | ' | ' | ' | ' | ' | ' | 28,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
Development | 706,000 | ' | ' | ' | ' | ' | ' | ' | 706,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | [3] | ' | ' | |||
Prospective Development [Member] | Charlotte [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 7,354,000 | ' | ' | ' | ' | ' | ' | ' | 7,354,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 418,000 | ' | ' | ' | ' | ' | ' | ' | 418,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -1,789,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 7,808,000 | ' | ' | ||||
Development | 7,354,000 | ' | ' | ' | ' | ' | ' | ' | 7,354,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 29,800,000 | [3] | ' | ' | |||
Prospective Development [Member] | Dallas [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 1,249,000 | ' | ' | ' | ' | ' | ' | ' | 1,249,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 120,000 | ' | ' | ' | ' | ' | ' | ' | 120,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 14,000 | ' | ' | ||||
Development | 1,249,000 | ' | ' | ' | ' | ' | ' | ' | 1,249,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 7,800,000 | [3] | ' | ' | |||
Prospective Development [Member] | El Paso [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 2,444,000 | ' | ' | ' | ' | ' | ' | ' | 2,444,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 251,000 | ' | ' | ' | ' | ' | ' | ' | 251,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ||||
Development | 2,444,000 | ' | ' | ' | ' | ' | ' | ' | 2,444,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 11,300,000 | [3] | ' | ' | |||
Prospective Development [Member] | Houston [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 28,159,000 | ' | ' | ' | ' | ' | ' | ' | 28,159,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 1,889,000 | ' | ' | ' | ' | ' | ' | ' | 1,889,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -5,917,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 5,643,000 | ' | ' | ||||
Development | 28,159,000 | ' | ' | ' | ' | ' | ' | ' | 28,159,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 126,400,000 | [3] | ' | ' | |||
Prospective Development [Member] | San Antonio [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,550,000 | ' | ' | ' | ' | ' | ' | ' | 5,550,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 478,000 | ' | ' | ' | ' | ' | ' | ' | 478,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -1,232,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 1,318,000 | ' | ' | ||||
Development | 5,550,000 | ' | ' | ' | ' | ' | ' | ' | 5,550,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 32,200,000 | [3] | ' | ' | |||
Development completed and transferred to Real estate properties [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 69,943,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 69,943,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 1,025,000 | ' | ' | ' | ' | ' | ' | ' | 1,025,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,979,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 18,216,000 | ' | ' | ||||
Development | 69,943,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 69,943,000 | [4] | ' | ' | ||
Development completed and transferred to Real estate properties [Member] | Southridge IX [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 6,318,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 6,318,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 76,000 | ' | ' | ' | ' | ' | ' | ' | 76,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 18,000 | ' | ' | ||||
Development | 6,318,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 6,318,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '03/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Southridge XI [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,502,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,502,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 88,000 | ' | ' | ' | ' | ' | ' | ' | 88,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 37,000 | ' | ' | ||||
Development | 5,502,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,502,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston 33 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 8,915,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 8,915,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 160,000 | ' | ' | ' | ' | ' | ' | ' | 160,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | -169,000 | ' | ' | ||||
Development | 8,915,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 8,915,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston Intl Business Ctr 31B [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,026,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,026,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 35,000 | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' | ' | ||||
Development | 3,026,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,026,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '04/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Ten West Crossing 1 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,144,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,144,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 30,000 | ' | ' | ' | ' | ' | ' | ' | 30,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 1,402,000 | ' | ' | ||||
Development | 3,144,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,144,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '04/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Thousand Oaks I [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,993,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,993,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 36,000 | ' | ' | ' | ' | ' | ' | ' | 36,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 454,000 | ' | ' | ||||
Development | 3,993,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,993,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '05/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Thousand Oaks 2 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,322,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,322,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 73,000 | ' | ' | ' | ' | ' | ' | ' | 73,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 513,000 | ' | ' | ||||
Development | 5,322,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,322,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '05/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Beltway Crossing X [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,196,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 4,196,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 79,000 | ' | ' | ' | ' | ' | ' | ' | 79,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 380,000 | ' | ' | ||||
Development | 4,196,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 4,196,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '06/12 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston 34 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,733,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,733,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 57,000 | ' | ' | ' | ' | ' | ' | ' | 57,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 1,058,000 | ' | ' | ||||
Development | 3,733,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 3,733,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '04/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston 35 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 2,691,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 2,691,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 45,000 | ' | ' | ' | ' | ' | ' | ' | 45,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 578,000 | ' | ' | ||||
Development | 2,691,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 2,691,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '04/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston 36 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,309,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,309,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 60,000 | ' | ' | ' | ' | ' | ' | ' | 60,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,872,000 | ' | ' | ||||
Development | 5,309,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,309,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Southridge X [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,181,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,181,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 71,000 | ' | ' | ' | ' | ' | ' | ' | 71,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,979,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,202,000 | ' | ' | ||||
Development | 5,181,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 5,181,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | World Houston 38 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 7,830,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 7,830,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 128,000 | ' | ' | ' | ' | ' | ' | ' | 128,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 5,613,000 | ' | ' | ||||
Development | 7,830,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 7,830,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '10/13 | ' | ' | ||||
Development completed and transferred to Real estate properties [Member] | Beltway Crossing XI [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,783,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 4,783,000 | [4] | ' | ' | ||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 87,000 | ' | ' | ' | ' | ' | ' | ' | 87,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 1,183,000 | ' | ' | ||||
Development | 4,783,000 | [4] | ' | ' | ' | ' | ' | ' | ' | 4,783,000 | [4] | ' | ' | ||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/13 | ' | ' | ||||
Lease Up Construction And Prospective Development [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 148,767,000 | ' | ' | ' | ' | ' | ' | ' | 148,767,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 7,316,000 | ' | ' | ' | ' | ' | ' | ' | 7,316,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | -1,979,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 52,239,000 | ' | ' | ||||
Development | 148,767,000 | ' | ' | ' | ' | ' | ' | ' | 148,767,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 504,900,000 | [3] | ' | ' | |||
Development obligations | 19,800,000 | ' | ' | ' | ' | ' | ' | ' | 19,800,000 | ' | ' | ||||
Tenant improvement obligations | 6,600,000 | ' | ' | ' | ' | ' | ' | ' | 6,600,000 | ' | ' | ||||
Tampa East Distribution Center III and Tampa West Distribution Center VIII [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Discontinued Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Tax on gain of property sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,000 | ' | ||||
Thousand Oaks 3 [Member] | Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 66,000 | ' | ' | ' | ' | ' | ' | ' | 66,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,232,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,068,000 | ' | ' | ||||
Development | 4,300,000 | ' | ' | ' | ' | ' | ' | ' | 4,300,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '07/13 | ' | ' | ||||
Ten West Crossing 2 [Member] | Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,089,000 | ' | ' | ' | ' | ' | ' | ' | 4,089,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 46,000 | ' | ' | ' | ' | ' | ' | ' | 46,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 908,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,181,000 | ' | ' | ||||
Development | 4,089,000 | ' | ' | ' | ' | ' | ' | ' | 4,089,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,300,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/13 | ' | ' | ||||
Ten West Crossing 3 [Member] | Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,369,000 | ' | ' | ' | ' | ' | ' | ' | 4,369,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 68,000 | ' | ' | ' | ' | ' | ' | ' | 68,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 693,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,676,000 | ' | ' | ||||
Development | 4,369,000 | ' | ' | ' | ' | ' | ' | ' | 4,369,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,300,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/13 | ' | ' | ||||
World Houston 37, Houston, TX [Member] | Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,379,000 | ' | ' | ' | ' | ' | ' | ' | 5,379,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 101,000 | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 0 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,705,000 | ' | ' | ||||
Development | 5,379,000 | ' | ' | ' | ' | ' | ' | ' | 5,379,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 7,100,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/13 | ' | ' | ||||
Chandler Freeways [Member] | Lease Up [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 7,858,000 | ' | ' | ' | ' | ' | ' | ' | 7,858,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 126,000 | ' | ' | ' | ' | ' | ' | ' | 126,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,811,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 6,047,000 | ' | ' | ||||
Development | 7,858,000 | ' | ' | ' | ' | ' | ' | ' | 7,858,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 8,900,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '11/13 | ' | ' | ||||
Horizon I [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 5,301,000 | ' | ' | ' | ' | ' | ' | ' | 5,301,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 109,000 | ' | ' | ' | ' | ' | ' | ' | 109,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 2,178,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,123,000 | ' | ' | ||||
Development | 5,301,000 | ' | ' | ' | ' | ' | ' | ' | 5,301,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 7,700,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/14 | ' | ' | ||||
Steele Creek I [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 4,267,000 | ' | ' | ' | ' | ' | ' | ' | 4,267,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 71,000 | ' | ' | ' | ' | ' | ' | ' | 71,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 895,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 3,372,000 | ' | ' | ||||
Development | 4,267,000 | ' | ' | ' | ' | ' | ' | ' | 4,267,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,300,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/14 | ' | ' | ||||
Steele Creek II [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,341,000 | ' | ' | ' | ' | ' | ' | ' | 3,341,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 71,000 | ' | ' | ' | ' | ' | ' | ' | 71,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 894,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 2,447,000 | ' | ' | ||||
Development | 3,341,000 | ' | ' | ' | ' | ' | ' | ' | 3,341,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,300,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/14 | ' | ' | ||||
Ten West Crossing 4 [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 3,461,000 | ' | ' | ' | ' | ' | ' | ' | 3,461,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 68,000 | ' | ' | ' | ' | ' | ' | ' | 68,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 927,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 2,534,000 | ' | ' | ||||
Development | 3,461,000 | ' | ' | ' | ' | ' | ' | ' | 3,461,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 4,800,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '02/14 | ' | ' | ||||
World Houston 39 [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 1,636,000 | ' | ' | ' | ' | ' | ' | ' | 1,636,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 94,000 | ' | ' | ' | ' | ' | ' | ' | 94,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 922,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 714,000 | ' | ' | ||||
Development | 1,636,000 | ' | ' | ' | ' | ' | ' | ' | 1,636,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 5,700,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '05/14 | ' | ' | ||||
Rampart IV [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 1,718,000 | ' | ' | ' | ' | ' | ' | ' | 1,718,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 84,000 | ' | ' | ' | ' | ' | ' | ' | 84,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 977,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 741,000 | ' | ' | ||||
Development | 1,718,000 | ' | ' | ' | ' | ' | ' | ' | 1,718,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 8,300,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '06/14 | ' | ' | ||||
Ten West Crossing 5 [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 1,412,000 | ' | ' | ' | ' | ' | ' | ' | 1,412,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 101,000 | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,113,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 299,000 | ' | ' | ||||
Development | 1,412,000 | ' | ' | ' | ' | ' | ' | ' | 1,412,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 7,000,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '08/14 | ' | ' | ||||
World Houston 40 [Member] | Under construction [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Development | 2,030,000 | ' | ' | ' | ' | ' | ' | ' | 2,030,000 | ' | ' | ||||
DEVELOPMENT [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Size (Unaudited) (Square feet) | 202,000 | ' | ' | ' | ' | ' | ' | ' | 202,000 | ' | ' | ||||
Development Costs Transferred | ' | ' | ' | ' | ' | ' | ' | ' | 1,354,000 | [2] | ' | ' | |||
Development costs incurred, for the period | ' | ' | ' | ' | ' | ' | ' | ' | 676,000 | ' | ' | ||||
Development | 2,030,000 | ' | ' | ' | ' | ' | ' | ' | 2,030,000 | ' | ' | ||||
Estimated Total Cumulative Development Costs | ' | ' | ' | ' | ' | ' | ' | ' | 11,700,000 | [3] | ' | ' | |||
Completion date (or anticipated completion date, if under construction) | ' | ' | ' | ' | ' | ' | ' | ' | '09/14 | ' | ' | ||||
Tampa West Distribution Center V [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | '12/20/2013 | ' | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | 609,000 | ' | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | 442,000 | ' | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | 167,000 | ' | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | 12,000 | ' | ' | ||||
Tampa West Distribution Center VII [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | '12/20/2013 | ' | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | 422,000 | ' | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | 417,000 | ' | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | 5,000 | ' | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | 6,000 | ' | ' | ||||
Tampa East Distribution Center II [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | '12/30/2013 | ' | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | 1,929,000 | ' | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | 1,303,000 | ' | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | 626,000 | ' | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | 31,000 | ' | ' | ||||
Tampa East Distribution Center III and Tampa West Distribution Center VIII [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2/15/2012 | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 538,000 | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | 371,000 | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | 167,000 | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,500 | ' | ||||
Estrella Distribution Center [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6/13/2012 | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,861,000 | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,992,000 | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,869,000 | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 174,000 | ' | ||||
Braniff Distribution Center [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Real Estate Property Sales [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Date of property sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | '12/27/12 | ' | ||||
Net Sales Price | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,688,000 | ' | ||||
Basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,214,000 | ' | ||||
Recognized Gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | $4,474,000 | ' | ||||
Size (in square feet) of property sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | 259,000 | ' | ||||
[1] | The Company recognized taxes of $6,000 on the gains related to the sales of Tampa East Distribution Center III and Tampa West Distribution Center VIII during 2012. | ||||||||||||||
[2] | Represents costs transferred from Prospective Development (primarily land) to Under Construction during the period. | ||||||||||||||
[3] | Included in these costs are development obligations of $19.8 million and tenant improvement obligations of $6.6 millionB on properties under development. | ||||||||||||||
[4] | Represents cumulative costs at the date of transfer. |
REAL_ESTATE_PROPERTIES_Details1
REAL ESTATE PROPERTIES (Details 1) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
State or Province [Line Items] | ' | ' | ' |
Leases terms minimum (in years) | '40 years | ' | ' |
Leases terms maximum (in years) | '50 years | ' | ' |
Renewal period option minimum (in years) | '15 years | ' | ' |
Renewal period option maximum (in years) | '35 years | ' | ' |
Total ground lease expenditures for continuing and discontinued operations | $740,000 | $733,000 | $705,000 |
Payment increase interval minimum (in years) | '3 years | ' | ' |
Payment increase interval maximum (in years) | '10 years | ' | ' |
Future Total Minimum Ground Lease Payments [Abstract] | ' | ' | ' |
2014 | 739,000 | ' | ' |
2015 | 739,000 | ' | ' |
2016 | 739,000 | ' | ' |
2017 | 739,000 | ' | ' |
2018 | 739,000 | ' | ' |
Thereafter | 12,417,000 | ' | ' |
Total minimum payments | $16,112,000 | ' | ' |
FLORIDA [Member] | ' | ' | ' |
State or Province [Line Items] | ' | ' | ' |
Number of properties subject to ground leases | 2 | ' | ' |
TEXAS [Member] | ' | ' | ' |
State or Province [Line Items] | ' | ' | ' |
Number of properties subject to ground leases | 2 | ' | ' |
ARIZONA [Member] | ' | ' | ' |
State or Province [Line Items] | ' | ' | ' |
Number of properties subject to ground leases | 1 | ' | ' |
UNCONSOLIDATED_INVESTMENT_Deta
UNCONSOLIDATED INVESTMENT (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | ||
Schedule of Equity Method Investments [Line Items] | ' | ' | |
Year Constructed | '1998 | ' | |
Investment's carrying value under the equity method of accounting | $2,764,000 | $2,743,000 | |
Non-recourse first mortgage loan Face Amount, Total mortgage | 8,894,000 | ' | |
Mortgage loans on real estate, joint interest share of mortgage | 8,870,000 | [1],[2] | ' |
Industry Distribution Center II - undivided tenant [Member] | ' | ' | |
Schedule of Equity Method Investments [Line Items] | ' | ' | |
Equity Method Investment, Ownership Percentage (in hundredths) | 50.00% | ' | |
Real estate properties (in square feet) | 309,000 | ' | |
Building lease percentage | 100.00% | ' | |
Investment's carrying value under the equity method of accounting | 2,764,000 | 2,743,000 | |
Non-recourse first mortgage loan Face Amount, Total mortgage | 13,300,000 | ' | |
Non-recourse first mortgage loan term | '25 years | ' | |
Non-recourse first mortgage loan interest rate | 5.31% | ' | |
Non Recourse First Mortgage Loan Lender Call Option Date | 'June 30, 2015 | ' | |
Mortgage loans on real estate, joint interest share of mortgage | $5,280,000 | $5,475,000 | |
Industry Distribution Center II [Member] | ' | ' | |
Schedule of Equity Method Investments [Line Items] | ' | ' | |
Single tenant joint partner ownership (in hundredths) | 50.00% | ' | |
[1] | Changes in mortgage loans follow:B Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of year$9,323B 4,110B 4,131Advances on mortgage loans receivablebB 5,223B bPayments on mortgage loans receivable(463)B (20)B (33)Amortization of discount on mortgage loan receivable10B 10B 12Balance at end of year$8,870B 9,323B 4,110 | ||
[2] | The aggregate cost for federal income tax purposes is approximately $8.89 million. The federal income tax return for the year ended DecemberB 31, 2013, has not been filed and, accordingly, the income tax basis of mortgage loans as of DecemberB 31, 2013, is based onB preliminary data. |
MORTGAGE_LOANS_RECEIVABLE_Deta
MORTGAGE LOANS RECEIVABLE (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Mortgage recourse loan | $8,894,000 | ' | ' |
First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Mortgage Loans on Real Estate, New Mortgage Loans | $0 | $5,223,000 | $0 |
Number of mortgage loans advanced in period | ' | 2 | ' |
Number of mortgage loans receivable | 3 | ' | ' |
Minimum [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Effective interest rate (in hundredths) | 5.25% | ' | ' |
Mortgage Loan Receivable Maturity Date | 'October 2016 | ' | ' |
Maximum [Member] | First Mortgage [Member] | ' | ' | ' |
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' |
Effective interest rate (in hundredths) | 6.40% | ' | ' |
Mortgage Loan Receivable Maturity Date | 'October 2017 | ' | ' |
OTHER_ASSETS_Details
OTHER ASSETS (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Other Assets Components [Abstract] | ' | ' |
Leasing costs (principally commissions) | $48,473,000 | $41,290,000 |
Accumulated amortization of leasing costs | -18,855,000 | -17,543,000 |
Leasing costs (principally commissions), net of accumulated amortization | 29,618,000 | 23,747,000 |
Straight-line rents receivable | 24,030,000 | 22,153,000 |
Allowance for doubtful accounts on straight-line rents receivable | -376,000 | -409,000 |
Straight-line rents receivable, net of allowance for doubtful accounts | 23,654,000 | 21,744,000 |
Accounts receivable | 4,863,000 | 3,477,000 |
Allowance for doubtful accounts on accounts receivable | -349,000 | -373,000 |
Accounts receivable, net of allowance for doubtful accounts | 4,514,000 | 3,104,000 |
Acquired in-place lease intangibles | 16,793,000 | 11,848,000 |
Accumulated amortization of acquired in-place lease intangibles | -5,366,000 | -4,516,000 |
Acquired in-place lease intangibles, net of accumulated amortization | 11,427,000 | 7,332,000 |
Acquired above market lease intangibles | 1,835,000 | 2,443,000 |
Accumulated amortization of acquired above market lease intangibles | -659,000 | -976,000 |
Acquired above market lease intangibles, net of accumulated amortization | 1,176,000 | 1,467,000 |
Mortgage loans receivable | 8,894,000 | 9,357,000 |
Discount on mortgage loans receivable | -24,000 | -34,000 |
Mortgage loans receivable, net of discount | 8,870,000 | 9,323,000 |
Loan costs | 8,050,000 | 8,476,000 |
Accumulated amortization of loan costs | -3,601,000 | -4,960,000 |
Loan costs, net of accumulated amortization | 4,449,000 | 3,516,000 |
Interest rate swap assets | 1,692,000 | 0 |
Goodwill | 990,000 | 990,000 |
Prepaid expenses and other assets | 7,037,000 | 7,093,000 |
Other Assets Total | $93,427,000 | $78,316,000 |
SECURED_AND_UNSECURED_DEBT_Det
SECURED AND UNSECURED DEBT (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | |||
Decimal | ||||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Carrying Amount of Securing Real Estate | $470,368,000 | ' | ||
Secured debt | 499,793,000 | 607,766,000 | ||
Recourse liability | 5,000,000 | ' | ||
Payments of principal over the next five years [Abstract] | ' | ' | ||
2014 | 48,862,000 | ' | ||
2015 | 102,287,000 | ' | ||
2016 | 92,717,000 | ' | ||
2017 | 58,145,000 | ' | ||
2018 | 141,218,000 | ' | ||
Loans Payable, Noncurrent [Abstract] | ' | ' | ||
Unsecured debt | 305,000,000 | 130,000,000 | ||
$80 million Unsecured Term Loan [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Debt instrument, spread above LIBOR variable rate (in basis points) | 175 | ' | ||
Loans Payable, Noncurrent [Abstract] | ' | ' | ||
Effective interest rate (in hundredths) | 2.77% | [1] | ' | |
Debt Instrument, Maturity Date | 15-Aug-18 | [1] | ' | |
Unsecured debt | 80,000,000 | [1] | 80,000,000 | [1] |
$50 Million Unsecured Term Loan [Member] | ' | ' | ||
Loans Payable, Noncurrent [Abstract] | ' | ' | ||
Effective interest rate (in hundredths) | 3.91% | ' | ||
Debt Instrument, Maturity Date | 21-Dec-18 | ' | ||
Unsecured debt | 50,000,000 | 50,000,000 | ||
$75 Million Unsecured Term Loan [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Debt instrument, spread above LIBOR variable rate (in basis points) | 140 | ' | ||
Loans Payable, Noncurrent [Abstract] | ' | ' | ||
Effective interest rate (in hundredths) | 3.75% | [2] | ' | |
Debt Instrument, Maturity Date | 20-Dec-20 | [2] | ' | |
Unsecured debt | 75,000,000 | [2] | 0 | [2] |
$100 million senior unsecured notes [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Principal Payment Due August 28, 2020 | 30,000,000 | ' | ||
Principal Payment Due August 28, 2023 | 50,000,000 | ' | ||
Principal Payment Due August 28, 2025 | 20,000,000 | ' | ||
Loans Payable, Noncurrent [Abstract] | ' | ' | ||
Effective interest rate (in hundredths) | 3.80% | [3] | ' | |
Debt Instrument, Maturity Date | 28-Aug-25 | [3] | ' | |
Unsecured debt | 100,000,000 | [3] | 0 | [3] |
Thirty Fifth Avenue, Beltway I, Broadway V, Lockwood, Northwest Point, Sunbelt, Techway Southwest I and World Houston 10, 11 and 14 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 4.75% | ' | ||
Monthly P & I Payment | 259,403 | ' | ||
Maturity Date | 'Repaid | ' | ||
Carrying Amount of Securing Real Estate | 0 | ' | ||
Secured debt | 0 | 34,474,000 | ||
Airport Commerce Center I and II, Interchange Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center and World Houston 24, 25 and 27 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.75% | ' | ||
Monthly P & I Payment | 414,229 | ' | ||
Maturity Date | 'Repaid | ' | ||
Carrying Amount of Securing Real Estate | 0 | ' | ||
Secured debt | 0 | 52,086,000 | ||
Kyrene Distribution Center I [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 9.00% | ' | ||
Monthly P & I Payment | 11,246 | ' | ||
Maturity Date | '7/1/2014 | ' | ||
Carrying Amount of Securing Real Estate | 4,059,000 | ' | ||
Secured debt | 76,000 | 198,000 | ||
Americas Ten I, Kirby, Palm River North I, II and III, Shady Trail, Westlake I and II and World Houston 17 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.68% | ' | ||
Monthly P & I Payment | 175,479 | ' | ||
Maturity Date | '10/10/2014 | ' | ||
Carrying Amount of Securing Real Estate | 23,509,000 | ' | ||
Secured debt | 26,907,000 | 27,467,000 | ||
Beltway II, III and IV, Commerce Park 1, Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and World Houston 15 and 22 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.50% | ' | ||
Monthly P & I Payment | 536,552 | ' | ||
Maturity Date | '4/5/2015 | ' | ||
Carrying Amount of Securing Real Estate | 64,467,000 | ' | ||
Secured debt | 61,402,000 | 64,374,000 | ||
Country Club I, Lake Pointe, Techway Southwest II and World Houston 19 and 20 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 4.98% | ' | ||
Monthly P & I Payment | 256,952 | ' | ||
Maturity Date | '12/5/2015 | ' | ||
Carrying Amount of Securing Real Estate | 20,534,000 | ' | ||
Secured debt | 27,812,000 | 29,465,000 | ||
Huntwood and Wiegman Distribution Centers [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.68% | ' | ||
Monthly P & I Payment | 265,275 | ' | ||
Maturity Date | '9/5/2016 | ' | ||
Carrying Amount of Securing Real Estate | 20,631,000 | ' | ||
Secured debt | 28,833,000 | 30,332,000 | ||
Alamo Downs, Arion 1-15 and 17, Rampart I, II, III & IV, Santan 10 and World Houston 16 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.97% | ' | ||
Monthly P & I Payment | 557,467 | ' | ||
Maturity Date | '11/5/2016 | ' | ||
Carrying Amount of Securing Real Estate | 54,487,000 | ' | ||
Secured debt | 60,131,000 | 63,132,000 | ||
Arion 16, Broadway VI, Chino, East University I and II, Northpark I-IV, Santan 10 II, 55th Avenue and World Houston 1 and 2, 21 and 23 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.57% | ' | ||
Monthly P & I Payment | 518,885 | ' | ||
Maturity Date | '9/5/2017 | ' | ||
Carrying Amount of Securing Real Estate | 53,298,000 | ' | ||
Secured debt | 57,368,000 | 60,310,000 | ||
Dominguez, Industry I and III, Kingsview, Shaw, Walnut and Washington [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 7.50% | [4] | ' | |
Monthly P & I Payment | 539,747 | [4] | ' | |
Maturity Date | '5/5/2019 | [4] | ' | |
Carrying Amount of Securing Real Estate | 47,169,000 | [4] | ' | |
Secured debt | 59,087,000 | [4] | 61,052,000 | [4] |
Blue Heron Distribution Center II [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 5.39% | ' | ||
Monthly P & I Payment | 16,176 | ' | ||
Maturity Date | '2/29/2020 | ' | ||
Carrying Amount of Securing Real Estate | 4,430,000 | ' | ||
Secured debt | 1,026,000 | 1,161,000 | ||
Fortieth Avenue, Beltway V, Centennial Park, Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII and World Houston 26, 28, 29 and 30 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 4.39% | ' | ||
Monthly P & I Payment | 463,778 | ' | ||
Maturity Date | '1/5/2021 | ' | ||
Carrying Amount of Securing Real Estate | 72,223,000 | ' | ||
Secured debt | 66,805,000 | 69,376,000 | ||
America Plaza, Central Green, Glenmont I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II and World Houston 3-9 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 4.75% | ' | ||
Monthly P & I Payment | 420,045 | ' | ||
Maturity Date | '6/5/2021 | ' | ||
Carrying Amount of Securing Real Estate | 44,770,000 | ' | ||
Secured debt | 59,827,000 | 61,970,000 | ||
Arion 18, Beltway VI & VII, Commerce Park II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32 [Member] | ' | ' | ||
Secured and Unsecured Debt [Line Items] | ' | ' | ||
Interest Rate (in hundredths) | 4.09% | ' | ||
Monthly P & I Payment | 329,796 | ' | ||
Maturity Date | '1/5/2022 | ' | ||
Carrying Amount of Securing Real Estate | 60,791,000 | ' | ||
Secured debt | $50,519,000 | $52,369,000 | ||
[1] | The interest rate on this unsecured term loan is comprised of LIBOR plus 175 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into an interest rate swap to convert the loan's LIBOR rate to a fixed interest rate, providing the Company an effective interest rate on the term loan of 2.770% as of DecemberB 31, 2013. See Note 13 for additional information on the interest rate swap. | |||
[2] | The interest rate on this unsecured term loan is comprised of LIBOR plus 140 basis points subject to a pricing grid for changes in the Company's coverage ratings. The Company entered into two interest rate swaps to convert the loan's LIBOR rate to a fixed interest rate, providing the Company a weighted average effective interest rate on the term loan of 3.752% as of DecemberB 31, 2013. See Note 13 for additional information on the interest rate swaps. | |||
[3] | Principal payments due on the $100 million senior unsecured notes are as follows: $30 million on AugustB 28, 2020, $50 million on AugustB 28, 2023, and $20 million on AugustB 28, 2025. | |||
[4] | This mortgage loan has a recourse liability of $5.0 million which will be released based on the secured properties generating certain base rent amounts. |
UNSECURED_BANK_CREDIT_FACILITI1
UNSECURED BANK CREDIT FACILITIES (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Line of Credit Facility [Line Items] | ' | ' | ' |
Weighted average interest rates (in hundredths) | 1.87% | 1.61% | ' |
Weighted average interest rate (including amortization of loan costs) | 2.23% | 2.01% | ' |
Notes payable to banks | $88,952,000 | $76,160,000 | ' |
Average bank borrowings | 112,971,000 | 85,113,000 | ' |
Amortization of bank loan costs | 410,000 | 342,000 | 300,000 |
Former seven bank group unsecured revolving credit facility [Member] | ' | ' | ' |
Line of Credit Facility [Line Items] | ' | ' | ' |
Unsecured revolving credit facility available borrowings | 200,000,000 | ' | ' |
Nine bank group unsecured revolving credit facility [Member] | ' | ' | ' |
Line of Credit Facility [Line Items] | ' | ' | ' |
Unsecured revolving credit facility available borrowings | 225,000,000 | ' | ' |
Unsecured revolving credit facility maturity date | 'January 2017 | ' | ' |
Debt instrument, spread above LIBOR variable rate (in basis points) | 117.5 | ' | ' |
Line of credit, facility fee (in basis points) | 22.5 | ' | ' |
Banks included in the unsecured revolving credit facility group | 9 | ' | ' |
Line of Credit Facility, Interest Rate at Period End | 1.34% | ' | ' |
Notes payable to banks | 85,000,000 | ' | ' |
Extension option on credit facility | '1 year | ' | ' |
Expansion option on credit facility | 100,000,000 | ' | ' |
Line of Credit Facility, Additional Borrowing Capacity | 140,000,000 | ' | ' |
Former Pnc na revolving credit facility [Member] | ' | ' | ' |
Line of Credit Facility [Line Items] | ' | ' | ' |
Unsecured revolving credit facility available borrowings | 25,000,000 | ' | ' |
PNC N.A. unsecured revolving credit facility [Member] | ' | ' | ' |
Line of Credit Facility [Line Items] | ' | ' | ' |
Unsecured revolving credit facility available borrowings | 25,000,000 | ' | ' |
Unsecured revolving credit facility maturity date | 'January 2017 | ' | ' |
Debt instrument, spread above LIBOR variable rate (in basis points) | 117.5 | ' | ' |
Line of credit, facility fee (in basis points) | 22.5 | ' | ' |
Line of Credit Facility, Interest Rate at Period End | 1.34% | ' | ' |
Notes payable to banks | 3,952,000 | ' | ' |
Additional remaining line of credit | $21,048,000 | ' | ' |
Extension option on credit facility | '1 year | ' | ' |
ACCOUNTS_PAYABLE_AND_ACCRUED_E2
ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts Payable and Accrued Liabilities [Abstract] | ' | ' |
Property taxes payable | $15,507 | $12,107 |
Development costs payable | 7,679 | 7,170 |
Interest payable | 3,658 | 2,615 |
Dividends payable on unvested restricted stock | 1,928 | 1,191 |
Other payables and accrued expenses | 8,332 | 5,831 |
Accounts payable and accrued expenses | $37,104 | $28,914 |
OTHER_LIABILITIES_Details
OTHER LIABILITIES (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Other Liabilities, Unclassified [Abstract] | ' | ' |
Security deposits | $11,359,000 | $9,668,000 |
Prepaid rent and other deferred income | 10,101,000 | 7,930,000 |
Acquired below market lease intangibles | 2,972,000 | 1,541,000 |
Accumulated Amortization, Acquired Below Market Lease Intangibles | -874,000 | -391,000 |
Acquired below market lease intangibles, net of accumulated amortization | 2,098,000 | 1,150,000 |
Interest rate swap liabilities | 244,000 | 645,000 |
Other liabilities | 56,000 | 693,000 |
Total Other Liabilities | $23,858,000 | $20,086,000 |
COMMON_STOCK_ACTIVITY_Details
COMMON STOCK ACTIVITY (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Shares outstanding at beginning of year (in shares) | 29,928,490 | ' | ' |
Common stock offerings (in shares) | 890,085 | 2,179,153 | 586,977 |
Dividend reinvestment plan (in shares) | 3,577 | 3,915 | 5,989 |
Shares outstanding at end of year (in shares) | 30,937,225 | 29,928,490 | ' |
Common Stock | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' |
Shares outstanding at beginning of year (in shares) | 29,928,490 | 27,658,059 | 26,973,531 |
Common stock offerings (in shares) | 890,085 | 2,179,153 | 586,977 |
Stock options exercised (in shares) | 4,500 | 4,500 | 9,250 |
Dividend reinvestment plan (in shares) | 3,577 | 3,915 | 5,989 |
Incentive restricted stock granted (in shares) | 112,099 | 111,732 | 79,491 |
Incentive restricted stock forfeited (in shares) | 0 | 0 | -233 |
Director common stock awarded (in shares) | 7,469 | 7,326 | 6,618 |
Restricted stock granted to directors (in shares) | 417 | 0 | 0 |
Restricted stock withheld for tax obligations (in shares) | -9,412 | -36,195 | -3,564 |
Shares outstanding at end of year (in shares) | 30,937,225 | 29,928,490 | 27,658,059 |
Common Stock Repurchase Plan [Abstract] | ' | ' | ' |
Proceeds from issuance of common stock common equity program | 53,200,000 | 109,600,000 | 25,200,000 |
Common stocks outstanding authorized to be repurchased (in shares) | 1,500,000 | ' | ' |
Treasury stock shares acquired | 827,700 | ' | ' |
Total cost of shares repurchased | 14,170,000 | ' | ' |
Average cost per share of shares of common stock purchased (in dollar per share) | 17.12 | ' | ' |
STOCKBASED_COMPENSATION_Detail
STOCK-BASED COMPENSATION (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Stock-based compensation cost | $5,540,000 | $4,447,000 | $2,787,000 |
Minimum [Member] | Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' |
Maximum [Member] | Restricted Stock [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | ' | ' | ' |
Award Recipient Type Employee [Member] | Restricted Stock [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Stock-based compensation cost | 5,087,000 | 4,087,000 | 2,486,000 |
Stock based compensation cost capitalized as development costs | 1,253,000 | 920,000 | 304,000 |
Share awards granted (in shares) | 112,099 | 111,732 | 79,491 |
Grant date fair value of shares issued (in dollars per share) | $56.77 | $48.79 | $44.99 |
Compensation is recognized over a weighted average period (in years) | '2 years 11 months 6 days | ' | ' |
Share based compensation, share based payment arrangements other than stock options, unrecognized cost associated with awards not yet vested | 8,596,000 | ' | ' |
Shares withheld to satisfy the tax obligations (in shares) | 9,412 | 36,195 | 3,564 |
Fair value of shares granted | 6,364,000 | 5,451,000 | 3,576,000 |
Fair value of shares vested as of the vesting date | 1,700,000 | 6,630,000 | 613,000 |
Restricted Stock Activity [Roll Forward] | ' | ' | ' |
Unvested at beginning of year (in shares) | 212,206 | 235,929 | 170,575 |
Granted (in shares) | 112,099 | 111,732 | 79,491 |
Forfeited (in shares) | 0 | 0 | 233 |
Vested (in shares) | -30,316 | -135,455 | -13,904 |
Unvested at end of year (in shares) | 293,989 | 212,206 | 235,929 |
Restricted stock activity weighted average price [Abstract] | ' | ' | ' |
Unvested at beginning of year (in dollars per share) | $42.84 | $38.90 | $36.29 |
Granted (in dollars per share) | $56.77 | $48.79 | $44.99 |
Forfeited (in dollars per share) | $0 | $0 | $35.85 |
Vested (in dollars per share) | $52.32 | $40.88 | $41.77 |
Unvested at end of year (in dollars per share) | $47.17 | $42.84 | $38.90 |
Nonvested Shares Vesting Schedule [Abstract] | ' | ' | ' |
2014 (in shares) | 80,579 | ' | ' |
2015 (in shares) | 73,066 | ' | ' |
2016 (in shares) | 65,117 | ' | ' |
2017 (in shares) | 23,037 | ' | ' |
2018 (in shares) | 16,190 | ' | ' |
2019 (in shares) | 16,200 | ' | ' |
2020 (in shares) | 19,800 | ' | ' |
Total Nonvested Shares (in shares) | 293,989 | 212,206 | 235,929 |
Award Recipient Type Director [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Annual Director Retainer Stock Award Amount | 70,000 | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Stock-based compensation cost | 395,000 | 330,000 | 270,000 |
Employee Stock Option [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Intrinsic value realized by employees or directors from the exercise of options | ' | ' | 5,000 |
Stock Options [Roll Forward] | ' | ' | ' |
Outstanding at beginning of year (in shares) | 0 | 0 | 250 |
Exercised (in shares) | 0 | 0 | -250 |
Outstanding at end of year (in shares) | 0 | 0 | 0 |
Exercisable at end of year (in shares) | 0 | 0 | 0 |
Stock Options weighted average price [Abstract] | ' | ' | ' |
Outstanding at beginning of year (in dollars per share) | $0 | $0 | $25.30 |
Exercised (in dollars per share) | $0 | $0 | $25.30 |
Outstanding at end of year (in dollars per share) | $0 | $0 | $0 |
Stock options exercisable [Abstract] | ' | ' | ' |
Exercisable at end of year (in dollars per share) | $0 | $0 | $0 |
Directors Equity Plan 2005 [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Authorized shares of common stock (in shares) | 50,000 | ' | ' |
Management Incentive Plan 2004 [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Authorized shares of common stock (in shares) | 1,900,000 | ' | ' |
Shares available for grant (in shares) | ' | 1,330,619 | 1,406,156 |
Management Incentive Plan 2004 [Member] | Restricted Stock [Member] | Company Performance Awards [Member] | Executive Officers [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share awards granted (in shares) | 36,813 | ' | ' |
Grant date fair value of shares issued (in dollars per share) | $57.10 | ' | ' |
Percentage of initial share grant vesting (in hundredths) | 20.00% | ' | ' |
Percentage of shares granted vesting annually in future periods (in hundredths) | 20.00% | ' | ' |
Restricted Stock Activity [Roll Forward] | ' | ' | ' |
Granted (in shares) | 36,813 | ' | ' |
Restricted stock activity weighted average price [Abstract] | ' | ' | ' |
Granted (in dollars per share) | $57.10 | ' | ' |
Management Incentive Plan 2004 [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officers [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share awards granted (in shares) | 54,336 | ' | ' |
Grant date fair value of shares issued (in dollars per share) | $57.11 | ' | ' |
Percentage of initial share grant vesting (in hundredths) | 25.00% | ' | ' |
Percentage of shares granted vesting annually in future periods (in hundredths) | 25.00% | ' | ' |
Restricted Stock Activity [Roll Forward] | ' | ' | ' |
Granted (in shares) | 54,336 | ' | ' |
Restricted stock activity weighted average price [Abstract] | ' | ' | ' |
Granted (in dollars per share) | $57.11 | ' | ' |
Equity Incentive Plan 2013 [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Authorized shares of common stock (in shares) | 2,000,000 | ' | ' |
Shares available for grant (in shares) | 1,971,164 | ' | ' |
Equity Incentive Plan 2013 [Member] | Award Recipient Type Employee [Member] | Restricted Stock [Member] | Non-executive officers [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share awards granted (in shares) | 20,950 | ' | ' |
Grant date fair value of shares issued (in dollars per share) | $55.34 | ' | ' |
Restricted Stock Activity [Roll Forward] | ' | ' | ' |
Granted (in shares) | 20,950 | ' | ' |
Restricted stock activity weighted average price [Abstract] | ' | ' | ' |
Granted (in dollars per share) | $55.34 | ' | ' |
Stock options exercisable [Abstract] | ' | ' | ' |
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) | 20.00% | ' | ' |
Equity Incentive Plan 2013 [Member] | Award Recipient Type Employee [Member] | Restricted Stock [Member] | Company Performance Awards [Member] | Executive Officer [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum) | 42,780 | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum) | 0 | ' | ' |
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date | 20.00% | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights | 20.00% | ' | ' |
Equity Incentive Plan 2013 [Member] | Award Recipient Type Employee [Member] | Restricted Stock [Member] | Shareholder Return Awards [Member] | Executive Officer [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (maximum) | 45,288 | ' | ' |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other Than Options, Potential Grants in Future Period (minimum) | 0 | ' | ' |
Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Percent of future vesting that will occur on grant date | 25.00% | ' | ' |
Share Based Compensation Arrangement By Share Based Payment Award Possible Shares To Be Awarded Vesting Rights | 25.00% | ' | ' |
Equity Incentive Plan 2013 [Member] | Award Recipient Type Director [Member] | Restricted Stock [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Share awards granted (in shares) | 417 | ' | ' |
Grant date fair value of shares issued (in dollars per share) | $59.97 | ' | ' |
Restricted Stock Activity [Roll Forward] | ' | ' | ' |
Granted (in shares) | 417 | ' | ' |
Restricted stock activity weighted average price [Abstract] | ' | ' | ' |
Granted (in dollars per share) | $59.97 | ' | ' |
Stock options exercisable [Abstract] | ' | ' | ' |
Share Based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vesting Rights (% vesting per year in future years) | 25.00% | ' | ' |
Director stock option [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Intrinsic value realized by employees or directors from the exercise of options | 172,000 | 116,000 | 183,000 |
Stock Options [Roll Forward] | ' | ' | ' |
Outstanding at beginning of year (in shares) | 4,500 | 9,000 | 18,000 |
Exercised (in shares) | -4,500 | -4,500 | -9,000 |
Outstanding at end of year (in shares) | 0 | 4,500 | 9,000 |
Exercisable at end of year (in shares) | 0 | 4,500 | 9,000 |
Stock Options weighted average price [Abstract] | ' | ' | ' |
Outstanding at beginning of year (in dollars per share) | $26.60 | $25.31 | $24.33 |
Exercised (in dollars per share) | $26.60 | $24.02 | $23.36 |
Outstanding at end of year (in dollars per share) | $0 | $26.60 | $25.31 |
Stock options exercisable [Abstract] | ' | ' | ' |
Exercisable at end of year (in dollars per share) | $0 | $26.60 | $25.31 |
Award Recipient Type Director [Member] | ' | ' | ' |
Stock Compensation Plan disclosure [Abstract] | ' | ' | ' |
Shares issued to directors (in shares) | 7,469 | 7,326 | 6,618 |
New Director Stock Awards to be Issued in Future Periods [Member] | Award Recipient Type Director [Member] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
New Director Restricted Stock Award Amount to be Awarded in Future Periods | $25,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | '4 years | ' | ' |
COMPREHENSIVE_INCOME_Details
COMPREHENSIVE INCOME (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Accumulated Other Comprehensive Income (Loss) [Roll Forward] | ' | ' | ' |
Accumulated other comprehensive income (loss) - beginning balance | ($392) | $0 | $0 |
Change in fair value of interest rate swaps | 2,021 | -392 | 0 |
Accumulated other comprehensive income (loss) - ending balance | $1,629 | ($392) | $0 |
DERIVATIVE_INSTRUMENTS_AND_HED2
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Derivative [Line Items] | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Interest Rate Cash Flow Hedge Assets at Fair Value | $1,692,000 | $0 | ' |
Interest Rate Cash Flow Hedge Liabilities at Fair Value | 244,000 | 645,000 | ' |
Number of interest rate swaps | 3 | ' | ' |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Cash flow hedge amount to be reclassified to Interest Expense in next 12 months [Line Items] | 2,183,000 | ' | ' |
Amount of income (loss) recognized in Other Comprehensive Income on derivative | 1,350,000 | -593,000 | 0 |
Amount of loss reclassified from accumulated other comprehensive income (loss) to interest expense | -671,000 | -201,000 | 0 |
Loss on derivatives recognized in earnings upon swap designation | 0 | -242,000 | 0 |
Interest Rate Swap [Member] | Other Liabilities [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Interest Rate Cash Flow Hedge Liabilities at Fair Value | 244,000 | ' | ' |
Interest rate swap cash flow hedge termination value | 171,000 | ' | ' |
Interest Rate Swap [Member] | Other Assets [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Interest Rate Cash Flow Hedge Assets at Fair Value | 1,692,000 | ' | ' |
Interest rate swap cash flow hedge termination value | 1,760,000 | ' | ' |
$80 million interest rate swap [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative, Notional Amount | 80,000,000 | 80,000,000 | ' |
$80 million Unsecured Term Loan [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Term Loan Notional Amount Associated with Interest Rate Swap Derivative | 80,000,000 | ' | ' |
$75 million interest rate swaps [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative, Notional Amount | 75,000,000 | ' | ' |
$60 million interest rate swap [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative, Notional Amount | 60,000,000 | 0 | ' |
$15 million interest rate swap [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Derivative, Notional Amount | $15,000,000 | $0 | ' |
Seventy-five Million Unsecured Term Loan [Member] | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' |
Number of interest rate swaps entered into during period | 2 | ' | ' |
EARNINGS_PER_SHARE_Details
EARNINGS PER SHARE (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
BASIC EPS COMPUTATION FOR NET INCOME AVAILABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Numerator - net income available to common stockholders | $9,455 | $8,363 | $7,643 | $7,154 | $12,238 | $6,771 | $7,973 | $5,403 | $32,615 | $32,384 | $22,359 | ||||||||
Denominator - weighted average shares outstanding (in shares) | 30,556 | [1] | 30,281 | [1] | 29,991 | [1] | 29,809 | [1] | 29,491 | [1] | 28,912 | [1] | 28,246 | [1] | 27,647 | [1] | 30,162 | 28,577 | 26,897 |
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Numerator - net income available to common stockholders | $9,455 | $8,363 | $7,643 | $7,154 | $12,238 | $6,771 | $7,973 | $5,403 | $32,615 | $32,384 | $22,359 | ||||||||
Denominator: [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Weighted average shares outstanding | 30,556 | [1] | 30,281 | [1] | 29,991 | [1] | 29,809 | [1] | 29,491 | [1] | 28,912 | [1] | 28,246 | [1] | 27,647 | [1] | 30,162 | 28,577 | 26,897 |
Common stock options (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 3 | 6 | ||||||||
Nonvested restricted stock (in shares) | ' | ' | ' | ' | ' | ' | ' | ' | 106 | 97 | 68 | ||||||||
Total Shares (in shares) | 30,699 | [1] | 30,400 | [1] | 30,096 | [1] | 29,890 | [1] | 29,614 | [1] | 29,030 | [1] | 28,341 | [1] | 27,718 | [1] | 30,269 | 28,677 | 26,971 |
[1] | The above quarterly earnings per share calculations are based on the weighted average number of common shares outstanding during each quarter for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each quarter for diluted earnings per share. The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of common shares outstanding during each year for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each year for diluted earnings per share. The sum of quarterly financial data may vary from the annual data due to rounding. |
QUARTERLY_RESULTS_OF_OPERATION2
QUARTERLY RESULTS OF OPERATIONS - UNAUDITED (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Revenues | $53,918 | $51,427 | $49,351 | $48,424 | $47,024 | $46,794 | $46,289 | $46,462 | ' | ' | ' | ||||||||
Expenses | -45,137 | -42,932 | -41,596 | -41,117 | -39,211 | -40,001 | -40,175 | -41,165 | ' | ' | ' | ||||||||
INCOME FROM CONTINUING OPERATIONS | 8,781 | 8,495 | 7,755 | 7,307 | 7,813 | 6,793 | 6,114 | 5,297 | 32,338 | 26,017 | 22,565 | ||||||||
INCOME FROM DISCONTINUED OPERATIONS | 832 | 19 | 35 | 1 | 4,572 | 104 | 1,970 | 225 | 887 | 6,870 | 269 | ||||||||
NET INCOME | 9,613 | 8,514 | 7,790 | 7,308 | 12,385 | 6,897 | 8,084 | 5,522 | 33,225 | 32,887 | 22,834 | ||||||||
Net income attributable to noncontrolling interest in joint ventures | -158 | -151 | -147 | -154 | -147 | -126 | -111 | -119 | -610 | -503 | 475 | ||||||||
NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | $9,455 | $8,363 | $7,643 | $7,154 | $12,238 | $6,771 | $7,973 | $5,403 | $32,615 | $32,384 | $22,359 | ||||||||
BASIC PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net income attributable to common stockholders (in dollars per share) | $0.31 | [1] | $0.28 | [1] | $0.25 | [1] | $0.24 | [1] | $0.41 | [1] | $0.23 | [1] | $0.28 | [1] | $0.20 | [1] | $1.08 | $1.13 | $0.83 |
Weighted average shares outstanding | 30,556 | [1] | 30,281 | [1] | 29,991 | [1] | 29,809 | [1] | 29,491 | [1] | 28,912 | [1] | 28,246 | [1] | 27,647 | [1] | 30,162 | 28,577 | 26,897 |
DILUTED PER COMMON SHARE DATA FOR NET INCOME ATTRIBUTABLE TO EASTGROUP PROPERTIES, INC. COMMON STOCKHOLDERS [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net income attributable to common stockholders (in dollars per share) | $0.31 | [1] | $0.28 | [1] | $0.25 | [1] | $0.24 | [1] | $0.41 | [1] | $0.23 | [1] | $0.28 | [1] | $0.19 | [1] | $1.08 | $1.13 | $0.83 |
Weighted average shares outstanding | 30,699 | [1] | 30,400 | [1] | 30,096 | [1] | 29,890 | [1] | 29,614 | [1] | 29,030 | [1] | 28,341 | [1] | 27,718 | [1] | 30,269 | 28,677 | 26,971 |
[1] | The above quarterly earnings per share calculations are based on the weighted average number of common shares outstanding during each quarter for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each quarter for diluted earnings per share. The annual earnings per share calculations in the Consolidated Statements of Income and Comprehensive Income are based on the weighted average number of common shares outstanding during each year for basic earnings per share and the weighted average number of outstanding common shares and common share equivalents during each year for diluted earnings per share. The sum of quarterly financial data may vary from the annual data due to rounding. |
DEFINED_CONTRIBUTION_PLAN_Deta
DEFINED CONTRIBUTION PLAN (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 50.00% | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay Eligible for Matching Contribution (maximum) | 10.00% | ' | ' |
Defined contribution expense | $550,000 | $425,000 | $382,000 |
FAIR_VALUE_OF_FINANCIAL_INSTRU2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | ||
In Thousands, unless otherwise specified | ||||||
Financial Assets [Abstract] | ' | ' | ' | ' | ||
Cash and Cash Equivalents | $8 | $1,258 | $174 | $137 | ||
Carrying (Reported) Amount, Fair Value Disclosure [Member] | ' | ' | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ' | ' | ||
Cash and Cash Equivalents | 8 | [1] | 1,258 | [1] | ' | ' |
Mortgage loans receivable, net of discount | 8,870 | [1] | 9,323 | [1] | ' | ' |
Interest Rate Swap Assets | 1,692 | [1] | 0 | [1] | ' | ' |
Financial Liabilities [Abstract] | ' | ' | ' | ' | ||
Secured debt | 499,793 | [1] | 607,766 | [1] | ' | ' |
Unsecured debt | 305,000 | [1] | 130,000 | [1] | ' | ' |
Unsecured bank credit facilities | 88,952 | [1] | 76,160 | [1] | ' | ' |
Interest rate swap liabilities | 244 | [1] | 645 | [1] | ' | ' |
Estimate of Fair Value, Fair Value Disclosure [Member] | ' | ' | ' | ' | ||
Financial Assets [Abstract] | ' | ' | ' | ' | ||
Cash and cash equivalents | 8 | 1,258 | ' | ' | ||
Mortgage loans receivable, net of discount | 9,040 | 9,748 | ' | ' | ||
Interest Rate Swap Assets | 1,692 | 0 | ' | ' | ||
Financial Liabilities [Abstract] | ' | ' | ' | ' | ||
Secured debt | 519,390 | 661,408 | ' | ' | ||
Unsecured debt | 294,860 | 130,776 | ' | ' | ||
Unsecured bank credit facilities | 89,140 | 76,160 | ' | ' | ||
Interest rate swap liabilities | $244 | $645 | ' | ' | ||
[1] | Carrying amounts shown in the table are included in the Consolidated Balance Sheets under the indicated captions, except as indicated in the notes below. |
SCHEDULE_III_Details
SCHEDULE III (Details) (USD $) | 12 Months Ended | ||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | $499,793 | [1],[2] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 330,032 | [1],[2] | ' | ' | ' | ||
Buildings and Improvements | 919,699 | [1],[2] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 677,595 | [1],[2] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 338,864 | [1],[2] | ' | ' | ' | ||
Buildings and Improvements | 1,588,462 | [1],[2] | ' | ' | ' | ||
Total | 1,927,326 | [1],[2],[3] | 1,768,032 | [3] | 1,662,593 | [3] | 1,521,177 |
Accumulated Depreciation | 550,113 | [1],[2] | 496,247 | 451,805 | 403,187 | ||
Year Constructed | '1998 | ' | ' | ' | |||
Industrial [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 498,595 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 263,390 | [4] | ' | ' | ' | ||
Buildings and Improvements | 919,699 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 595,470 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 265,871 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,512,688 | [4] | ' | ' | ' | ||
Total | 1,778,559 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 550,071 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | 56th Street Commerce Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 843 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,567 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,862 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 843 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,429 | [4] | ' | ' | ' | ||
Total | 8,272 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 4,984 | [4] | ' | ' | ' | ||
Year Acquired | '1993 | [4] | ' | ' | ' | ||
Year Constructed | '1981/86/97 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Jetport Commerce Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,575 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,591 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,473 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,575 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,064 | [4] | ' | ' | ' | ||
Total | 12,639 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 6,796 | [4] | ' | ' | ' | ||
Year Acquired | '1993-99 | [4] | ' | ' | ' | ||
Year Constructed | '1974-85 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Westport Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 980 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,800 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,447 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 980 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,247 | [4] | ' | ' | ' | ||
Total | 7,227 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,926 | [4] | ' | ' | ' | ||
Year Acquired | '1994 | [4] | ' | ' | ' | ||
Year Constructed | '1983/87 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Benjamin Distribution Center I and II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 843 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,963 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,355 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 883 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,278 | [4] | ' | ' | ' | ||
Total | 6,161 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,156 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1996 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Benjamin Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 407 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,503 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 458 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 407 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,961 | [4] | ' | ' | ' | ||
Total | 2,368 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,414 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1988 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Palm River Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,190 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,625 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,208 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,190 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,833 | [4] | ' | ' | ' | ||
Total | 8,023 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,844 | [4] | ' | ' | ' | ||
Year Acquired | '1997/98 | [4] | ' | ' | ' | ||
Year Constructed | '1990/97/98 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Palm River North I and III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,019 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,005 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 4,688 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,245 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,005 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 6,933 | [4],[5] | ' | ' | ' | ||
Total | 7,938 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 3,498 | [4],[5] | ' | ' | ' | ||
Year Acquired | '1998 | [4],[5] | ' | ' | ' | ||
Year Constructed | '2000 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Palm River North II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,605 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 634 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 4,418 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 381 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 634 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 4,799 | [4],[5] | ' | ' | ' | ||
Total | 5,433 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 2,908 | [4],[5] | ' | ' | ' | ||
Year Acquired | '1997/98 | [4],[5] | ' | ' | ' | ||
Year Constructed | '1999 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Palm River South I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 655 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,187 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 557 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 655 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,744 | [4] | ' | ' | ' | ||
Total | 4,399 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,408 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2005 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Palm River South II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 655 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,360 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 655 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,360 | [4] | ' | ' | ' | ||
Total | 5,015 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,743 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2006 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Walden Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 337 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,318 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 447 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 337 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,765 | [4] | ' | ' | ' | ||
Total | 4,102 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,720 | [4] | ' | ' | ' | ||
Year Acquired | '1997/98 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Walden Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 465 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,738 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 932 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 465 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,670 | [4] | ' | ' | ' | ||
Total | 5,135 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,256 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1998 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,109 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,126 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,364 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,109 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,490 | [4] | ' | ' | ' | ||
Total | 8,599 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,961 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1998 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 647 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,603 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,046 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 647 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,649 | [4] | ' | ' | ' | ||
Total | 5,296 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,799 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 439 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,178 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 556 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,061 | [4] | ' | ' | ' | ||
Total | 3,617 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 861 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 805 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,472 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 578 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 805 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,050 | [4] | ' | ' | ' | ||
Total | 7,855 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,857 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center V [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 724 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,815 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 916 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,623 | [4] | ' | ' | ' | ||
Total | 6,539 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,593 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center VI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 642 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,039 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 812 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,869 | [4] | ' | ' | ' | ||
Total | 5,681 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,002 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center IX [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 618 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,918 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 781 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,755 | [4] | ' | ' | ' | ||
Total | 5,536 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 729 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2009 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center A [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 185 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,428 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 185 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,428 | [4] | ' | ' | ' | ||
Total | 1,613 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 280 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Oak Creek Distribution Center B [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 227 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,485 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 227 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,485 | [4] | ' | ' | ' | ||
Total | 1,712 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 277 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Airport Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,257 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,012 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 825 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,257 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,837 | [4] | ' | ' | ' | ||
Total | 6,094 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,204 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1998 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Westlake Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,394 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,333 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 6,998 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,638 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,333 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 8,636 | [4],[5] | ' | ' | ' | ||
Total | 9,969 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 4,309 | [4],[5] | ' | ' | ' | ||
Year Acquired | '1998 | [4],[5] | ' | ' | ' | ||
Year Constructed | '1998/99 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Expressway Commerce Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 915 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,346 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,026 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 915 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,372 | [4] | ' | ' | ' | ||
Total | 7,287 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,537 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '2004 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Expressway Commerce Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,013 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,247 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 367 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,013 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,614 | [4] | ' | ' | ' | ||
Total | 4,627 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,535 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Silo Bend Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,131 | [4] | ' | ' | ' | ||
Buildings and Improvements | 27,497 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 533 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 4,131 | [4] | ' | ' | ' | ||
Buildings and Improvements | 28,030 | [4] | ' | ' | ' | ||
Total | 32,161 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,337 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '1987/90 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Tampa East Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 791 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,758 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 26 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 791 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,784 | [4] | ' | ' | ' | ||
Total | 5,575 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 562 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '1984 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Tampa West Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,246 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,868 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 905 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,246 | [4] | ' | ' | ' | ||
Buildings and Improvements | 9,773 | [4] | ' | ' | ' | ||
Total | 12,019 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 908 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '1975/93/94 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Tampa [Member] | Madison Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 495 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,779 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 254 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 495 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,033 | [4] | ' | ' | ' | ||
Total | 3,528 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 259 | [4] | ' | ' | ' | ||
Year Acquired | '2012 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Chancellor Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 291 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,711 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 217 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 291 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,928 | [4] | ' | ' | ' | ||
Total | 2,219 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,009 | [4] | ' | ' | ' | ||
Year Acquired | '1996/97 | [4] | ' | ' | ' | ||
Year Constructed | '1996/97 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Exchange Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 603 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,414 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,019 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 603 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,433 | [4] | ' | ' | ' | ||
Total | 5,036 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,838 | [4] | ' | ' | ' | ||
Year Acquired | '1994 | [4] | ' | ' | ' | ||
Year Constructed | '1975 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Exchange Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [4] | ' | ' | ' | ||
Buildings and Improvements | 945 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 266 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,211 | [4] | ' | ' | ' | ||
Total | 1,511 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 552 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '1976 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Exchange Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 320 | [4] | ' | ' | ' | ||
Buildings and Improvements | 997 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 386 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 320 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,383 | [4] | ' | ' | ' | ||
Total | 1,703 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 668 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '1980 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunbelt Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,474 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,745 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,287 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,474 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,032 | [4] | ' | ' | ' | ||
Total | 12,506 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 6,955 | [4] | ' | ' | ' | ||
Year Acquired | '1989/97/98 | [4] | ' | ' | ' | ||
Year Constructed | '1974/87/97/98 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | John Young Commerce Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 497 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,444 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 824 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 497 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,268 | [4] | ' | ' | ' | ||
Total | 3,765 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,578 | [4] | ' | ' | ' | ||
Year Acquired | '1997/98 | [4] | ' | ' | ' | ||
Year Constructed | '1997/98 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | John Young Commerce Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 512 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,613 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 191 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 512 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,804 | [4] | ' | ' | ' | ||
Total | 4,316 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,199 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Altamonte Commerce Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,518 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,661 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,065 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,518 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,726 | [4] | ' | ' | ' | ||
Total | 6,244 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,125 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1980/82 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Altamonte Commerce Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 745 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,618 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,089 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 745 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,707 | [4] | ' | ' | ' | ||
Total | 4,452 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,610 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '1975 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 555 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,977 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 667 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 555 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,644 | [4] | ' | ' | ' | ||
Total | 3,199 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,232 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 597 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,271 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,436 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 597 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,707 | [4] | ' | ' | ' | ||
Total | 5,304 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,981 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 642 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,121 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 755 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 642 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,876 | [4] | ' | ' | ' | ||
Total | 4,518 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,705 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2002 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 642 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,917 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 970 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 642 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,887 | [4] | ' | ' | ' | ||
Total | 4,529 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,560 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2004 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center V [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 750 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,509 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,913 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 750 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,422 | [4] | ' | ' | ' | ||
Total | 5,172 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,281 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2005 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Sunport Center VI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 672 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,429 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 672 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,429 | [4] | ' | ' | ' | ||
Total | 4,101 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,001 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2006 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,478 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,478 | [4] | ' | ' | ' | ||
Total | 4,851 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,320 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2006 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 342 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,417 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 342 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,417 | [4] | ' | ' | ' | ||
Total | 4,759 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,764 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 547 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,420 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 547 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,420 | [4] | ' | ' | ' | ||
Total | 5,967 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,417 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,527 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 506 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,561 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 506 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 4,561 | [4],[6] | ' | ' | ' | ||
Total | 5,067 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,307 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2003 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2006 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park V [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,248 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 382 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,283 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 382 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 4,283 | [4],[6] | ' | ' | ' | ||
Total | 4,665 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,580 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2003 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2006 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park VI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 571 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,101 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 571 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,101 | [4] | ' | ' | ' | ||
Total | 5,672 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,166 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park VII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 520 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,295 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 520 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,295 | [4] | ' | ' | ' | ||
Total | 6,815 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,549 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park VIII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 531 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,254 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 531 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,254 | [4] | ' | ' | ' | ||
Total | 6,785 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,178 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge Commerce Park XII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,025 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 16,915 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,025 | [4] | ' | ' | ' | ||
Buildings and Improvements | 16,915 | [4] | ' | ' | ' | ||
Total | 18,940 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,766 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge IX [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 468 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,858 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 468 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,858 | [4] | ' | ' | ' | ||
Total | 6,326 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 356 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge XI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 513 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,795 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 513 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,795 | [4] | ' | ' | ' | ||
Total | 6,308 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 149 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Orlando [Member] | Southridge X [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 414 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,824 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 414 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,824 | [4] | ' | ' | ' | ||
Total | 5,238 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 52 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Deerwood Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,147 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,799 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,838 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,147 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,637 | [4] | ' | ' | ' | ||
Total | 5,784 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,080 | [4] | ' | ' | ' | ||
Year Acquired | '1989 | [4] | ' | ' | ' | ||
Year Constructed | '1978 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Phillips Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,375 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,961 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,250 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,375 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,211 | [4] | ' | ' | ' | ||
Total | 8,586 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 4,405 | [4] | ' | ' | ' | ||
Year Acquired | '1994 | [4] | ' | ' | ' | ||
Year Constructed | '1984/95 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Lake Pointe Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 12,794 | [4],[7] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,442 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 6,450 | [4],[7] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,772 | [4],[7] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,442 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 13,222 | [4],[7] | ' | ' | ' | ||
Total | 16,664 | [4],[7] | ' | ' | ' | ||
Accumulated Depreciation | 8,697 | [4],[7] | ' | ' | ' | ||
Year Acquired | '1993 | [4],[7] | ' | ' | ' | ||
Year Constructed | '1986/87 | [4],[7] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Ellis Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 540 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,513 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 969 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 540 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,482 | [4] | ' | ' | ' | ||
Total | 9,022 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,765 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1977 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Westside Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,170 | [4] | ' | ' | ' | ||
Buildings and Improvements | 12,400 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,508 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,170 | [4] | ' | ' | ' | ||
Buildings and Improvements | 16,908 | [4] | ' | ' | ' | ||
Total | 18,078 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 8,652 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1984 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | 12th Street Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 841 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,974 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,375 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 841 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,349 | [4] | ' | ' | ' | ||
Total | 5,190 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 798 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '1985 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Beach Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 476 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,899 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 614 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 476 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,513 | [4] | ' | ' | ' | ||
Total | 2,989 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,130 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Jacksonville [Member] | Interstate Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,879 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,700 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,549 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,879 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,249 | [4] | ' | ' | ' | ||
Total | 9,128 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,866 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '1990 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Linpro Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 613 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,243 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,567 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 616 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,807 | [4] | ' | ' | ' | ||
Total | 4,423 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,732 | [4] | ' | ' | ' | ||
Year Acquired | '1996 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Cypress Creek Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,465 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,630 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,095 | [4] | ' | ' | ' | ||
Total | 4,095 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,426 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Lockhart Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,489 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,282 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,771 | [4] | ' | ' | ' | ||
Total | 5,771 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,384 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Interstate Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 485 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,652 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 704 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 485 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,356 | [4] | ' | ' | ' | ||
Total | 3,841 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,933 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1988 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Executive Airport Commerce Ctr [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 8,834 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,991 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 4,857 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,087 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,991 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 9,944 | [4],[8] | ' | ' | ' | ||
Total | 11,935 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 3,687 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2001 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2004/06 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Sample 95 Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,202 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,785 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,907 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,202 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,692 | [4] | ' | ' | ' | ||
Total | 13,894 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 6,404 | [4] | ' | ' | ' | ||
Year Acquired | '1996/98 | [4] | ' | ' | ' | ||
Year Constructed | '1990/99 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Blue Heron Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 975 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,626 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,744 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 975 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,370 | [4] | ' | ' | ' | ||
Total | 6,345 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,922 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Blue Heron Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 1,026 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,385 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,222 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 809 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,385 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,031 | [4] | ' | ' | ' | ||
Total | 6,416 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,986 | [4] | ' | ' | ' | ||
Year Acquired | '2004 | [4] | ' | ' | ' | ||
Year Constructed | '1988 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Lauderdale/Palm Beach area [Member] | Blue Heron Distribution Center III | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 450 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,663 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 450 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,663 | [4] | ' | ' | ' | ||
Total | 3,113 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 484 | [4] | ' | ' | ' | ||
Year Acquired | '2004 | [4] | ' | ' | ' | ||
Year Constructed | '2009 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Myers [Member] | SunCoast Commerce Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 911 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,758 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 928 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,741 | [4] | ' | ' | ' | ||
Total | 5,669 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,213 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Myers [Member] | SunCoast Commerce Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 911 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,952 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 928 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,935 | [4] | ' | ' | ' | ||
Total | 5,863 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,388 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | FLORIDA [Member] | Fort Myers [Member] | SunCoast Commerce Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,720 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,376 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,763 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,333 | [4] | ' | ' | ' | ||
Total | 8,096 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,168 | [4] | ' | ' | ' | ||
Year Acquired | '2006 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Francisco area [Member] | Wiegman Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 10,870 | [4],[9] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,197 | [4],[9] | ' | ' | ' | ||
Buildings and Improvements | 8,788 | [4],[9] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,836 | [4],[9] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,308 | [4],[9] | ' | ' | ' | ||
Buildings and Improvements | 10,513 | [4],[9] | ' | ' | ' | ||
Total | 12,821 | [4],[9] | ' | ' | ' | ||
Accumulated Depreciation | 4,916 | [4],[9] | ' | ' | ' | ||
Year Acquired | '1996 | [4],[9] | ' | ' | ' | ||
Year Constructed | '1986/87 | [4],[9] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Francisco area [Member] | Wiegman Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,579 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,316 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,579 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,318 | [4] | ' | ' | ' | ||
Total | 6,897 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 176 | [4] | ' | ' | ' | ||
Year Acquired | '2012 | [4] | ' | ' | ' | ||
Year Constructed | '1998 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Francisco area [Member] | Huntwood Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 17,963 | [4],[9] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,842 | [4],[9] | ' | ' | ' | ||
Buildings and Improvements | 15,368 | [4],[9] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,990 | [4],[9] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,842 | [4],[9] | ' | ' | ' | ||
Buildings and Improvements | 17,358 | [4],[9] | ' | ' | ' | ||
Total | 21,200 | [4],[9] | ' | ' | ' | ||
Accumulated Depreciation | 8,474 | [4],[9] | ' | ' | ' | ||
Year Acquired | '1996 | [4],[9] | ' | ' | ' | ||
Year Constructed | '1988 | [4],[9] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Francisco area [Member] | San Clemente Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 893 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,004 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 852 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 893 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,856 | [4] | ' | ' | ' | ||
Total | 3,749 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,345 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1978 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Francisco area [Member] | Yosemite Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 259 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,058 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,019 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 259 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,077 | [4] | ' | ' | ' | ||
Total | 8,336 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,805 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1974/87 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Kingsview Industrial Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,860 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 643 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,573 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 512 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 643 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,085 | [10],[4] | ' | ' | ' | ||
Total | 3,728 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,555 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1996 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1980 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Dominguez Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 8,594 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,006 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 8,025 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,170 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,006 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 9,195 | [10],[4] | ' | ' | ' | ||
Total | 11,201 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,725 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1996 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1977 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Main Street Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,606 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,103 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 787 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,606 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,890 | [4] | ' | ' | ' | ||
Total | 6,496 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,279 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Walnut Business Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 7,132 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,885 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,274 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,136 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,885 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,410 | [10],[4] | ' | ' | ' | ||
Total | 9,295 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,067 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1996 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1966/90 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Washington Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,505 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,636 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,900 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 639 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,636 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,539 | [10],[4] | ' | ' | ' | ||
Total | 7,175 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,539 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1997 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1996/97 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Chino Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 10,117 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,544 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 10,175 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,623 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,544 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 11,798 | [11],[4] | ' | ' | ' | ||
Total | 14,342 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 5,984 | [11],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1980 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Industry Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 18,799 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 10,230 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 12,373 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,899 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 10,230 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 14,272 | [10],[4] | ' | ' | ' | ||
Total | 24,502 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 6,600 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1959 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Industry Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,190 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,012 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | -157 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,855 | [10],[4] | ' | ' | ' | ||
Total | 2,855 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,852 | [10],[4] | ' | ' | ' | ||
Year Acquired | '2007 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1992 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Chestnut Business Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,674 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,465 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 209 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,674 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,674 | [4] | ' | ' | ' | ||
Total | 5,348 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,537 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Los Angeles area [Member] | Los Angeles Corporate Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,363 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,453 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,890 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,363 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,343 | [4] | ' | ' | ' | ||
Total | 9,706 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 4,510 | [4] | ' | ' | ' | ||
Year Acquired | '1996 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Santa Barbara [Member] | University Business Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 5,517 | [4] | ' | ' | ' | ||
Buildings and Improvements | 22,067 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,895 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 5,520 | [4] | ' | ' | ' | ||
Buildings and Improvements | 26,959 | [4] | ' | ' | ' | ||
Total | 32,479 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 13,661 | [4] | ' | ' | ' | ||
Year Acquired | '1996 | [4] | ' | ' | ' | ||
Year Constructed | '1987/88 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Santa Barbara [Member] | Castilian Research Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,719 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,410 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,840 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,719 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,250 | [4] | ' | ' | ' | ||
Total | 8,969 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,111 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2007 | [4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | Fresno [Member] | Shaw Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 14,007 | [10],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,465 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 11,627 | [10],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,164 | [10],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,465 | [10],[4] | ' | ' | ' | ||
Buildings and Improvements | 15,791 | [10],[4] | ' | ' | ' | ||
Total | 18,256 | [10],[4] | ' | ' | ' | ||
Accumulated Depreciation | 8,505 | [10],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [10],[4] | ' | ' | ' | ||
Year Constructed | '1978/81/87 | [10],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Diego [Member] | Eastlake Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 7,532 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,046 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,888 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,629 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,046 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 8,517 | [12],[4] | ' | ' | ' | ||
Total | 11,563 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,284 | [12],[4] | ' | ' | ' | ||
Year Acquired | '1997 | [12],[4] | ' | ' | ' | ||
Year Constructed | '1989 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | CALIFORNIA [Member] | San Diego [Member] | Ocean View Corporate Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 10,478 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 6,577 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 7,105 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 475 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 6,577 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 7,580 | [4],[8] | ' | ' | ' | ||
Total | 14,157 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,601 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2010 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2005 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Interstate Distribution Center I and II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,269 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,746 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,941 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,306 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,746 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 7,247 | [13],[4] | ' | ' | ' | ||
Total | 8,993 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 5,108 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1988 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1978 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Interstate Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,272 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 519 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,008 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 732 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 519 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,740 | [13],[4] | ' | ' | ' | ||
Total | 3,259 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,477 | [13],[4] | ' | ' | ' | ||
Year Acquired | '2000 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1979 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Interstate Distribution Center IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 416 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,481 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 402 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 416 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,883 | [4] | ' | ' | ' | ||
Total | 3,299 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,105 | [4] | ' | ' | ' | ||
Year Acquired | '2004 | [4] | ' | ' | ' | ||
Year Constructed | '2002 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Interstate Distribution Center V, VI, VII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,987 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,824 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 4,106 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,234 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,824 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,340 | [4],[6] | ' | ' | ' | ||
Total | 7,164 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,627 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2009 | [4],[6] | ' | ' | ' | ||
Year Constructed | '1979/80/81 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Venture Warehouses [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,154 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,452 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,762 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,180 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,452 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,942 | [13],[4] | ' | ' | ' | ||
Total | 7,394 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,103 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1988 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1979 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Stemmons Circle [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,062 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 363 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,014 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 581 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 363 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,595 | [13],[4] | ' | ' | ' | ||
Total | 2,958 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,529 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1977 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Ambassador Row Warehouses [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,156 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,625 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,444 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,156 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,069 | [4] | ' | ' | ' | ||
Total | 8,225 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 4,356 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1958/65 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | North Stemmons II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 150 | [4] | ' | ' | ' | ||
Buildings and Improvements | 583 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 435 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 150 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,018 | [4] | ' | ' | ' | ||
Total | 1,168 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 398 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '1971 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | North Stemmons III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 380 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,066 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 48 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 380 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,114 | [4] | ' | ' | ' | ||
Total | 2,494 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 443 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '1974 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Shady Trail Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,850 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 635 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 3,621 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 730 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 635 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 4,351 | [4],[5] | ' | ' | ' | ||
Total | 4,986 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 1,636 | [4],[5] | ' | ' | ' | ||
Year Acquired | '2003 | [4],[5] | ' | ' | ' | ||
Year Constructed | '1998 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Valwood Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,361 | [4] | ' | ' | ' | ||
Buildings and Improvements | 34,405 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 320 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 4,361 | [4] | ' | ' | ' | ||
Buildings and Improvements | 34,725 | [4] | ' | ' | ' | ||
Total | 39,086 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,756 | [4] | ' | ' | ' | ||
Year Acquired | '2012 | [4] | ' | ' | ' | ||
Year Constructed | '1986/87/97/98 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Dallas [Member] | Northfield Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 12,471 | [4] | ' | ' | ' | ||
Buildings and Improvements | 50,713 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 245 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 12,471 | [4] | ' | ' | ' | ||
Buildings and Improvements | 50,958 | [4] | ' | ' | ' | ||
Total | 63,429 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,800 | [4] | ' | ' | ' | ||
Year Acquired | '2013 | [4] | ' | ' | ' | ||
Year Constructed | '1999-2001/03/04/08 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Northwest Point Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,243 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,640 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,649 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,243 | [4] | ' | ' | ' | ||
Buildings and Improvements | 10,289 | [4] | ' | ' | ' | ||
Total | 11,532 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 6,103 | [4] | ' | ' | ' | ||
Year Acquired | '1994 | [4] | ' | ' | ' | ||
Year Constructed | '1984/85 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Lockwood Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 749 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,444 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,983 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 749 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,427 | [4] | ' | ' | ' | ||
Total | 8,176 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,798 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1968/69 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | West Loop Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,252 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 905 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,383 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,246 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 905 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,629 | [13],[4] | ' | ' | ' | ||
Total | 7,534 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,701 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1997/2000 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1980 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 1 and 2 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,488 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 660 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,893 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,227 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 660 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 7,120 | [11],[4] | ' | ' | ' | ||
Total | 7,780 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,852 | [11],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1996 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 3, 4 and 5 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,882 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,025 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,413 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,000 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,025 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 7,413 | [13],[4] | ' | ' | ' | ||
Total | 8,438 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,638 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1998 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 6 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,273 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 425 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,423 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 414 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 425 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,837 | [13],[4] | ' | ' | ' | ||
Total | 3,262 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,514 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1998 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 7 and 8 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,553 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 680 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,584 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,139 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 680 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 8,723 | [13],[4] | ' | ' | ' | ||
Total | 9,403 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,331 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1998 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 9 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,685 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 800 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,355 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,566 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 800 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,921 | [13],[4] | ' | ' | ' | ||
Total | 6,721 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,215 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1998 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 10 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 933 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,779 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 325 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 933 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,104 | [4] | ' | ' | ' | ||
Total | 6,037 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,937 | [4] | ' | ' | ' | ||
Year Acquired | '2001 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 11 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 638 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,764 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,155 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 638 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,919 | [4] | ' | ' | ' | ||
Total | 5,557 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,178 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 12 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 340 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,419 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 203 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 340 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,622 | [4] | ' | ' | ' | ||
Total | 2,962 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,353 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2002 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 13 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 282 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,569 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 282 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 282 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,851 | [4] | ' | ' | ' | ||
Total | 3,133 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,667 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2002 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 14 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 722 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,629 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 535 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 722 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,164 | [4] | ' | ' | ' | ||
Total | 3,886 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,456 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2003 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 15 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,275 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 731 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,831 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 731 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,831 | [12],[4] | ' | ' | ' | ||
Total | 6,562 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,542 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2000 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 16 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,109 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 519 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,248 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,124 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 519 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,372 | [14],[4] | ' | ' | ' | ||
Total | 5,891 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,266 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2000 | [14],[4] | ' | ' | ' | ||
Year Constructed | '2005 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 17 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,491 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 1,945 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 785 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 2,730 | [4],[5] | ' | ' | ' | ||
Total | 3,103 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 969 | [4],[5] | ' | ' | ' | ||
Year Acquired | '2000 | [4],[5] | ' | ' | ' | ||
Year Constructed | '2004 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 18 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 323 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,512 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 251 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 323 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,763 | [4] | ' | ' | ' | ||
Total | 2,086 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 615 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '1995 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 19 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,714 | [4],[7] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 2,256 | [4],[7] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 905 | [4],[7] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 373 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 3,161 | [4],[7] | ' | ' | ' | ||
Total | 3,534 | [4],[7] | ' | ' | ' | ||
Accumulated Depreciation | 1,628 | [4],[7] | ' | ' | ' | ||
Year Acquired | '2000 | [4],[7] | ' | ' | ' | ||
Year Constructed | '2004 | [4],[7] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 20 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,273 | [4],[7] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,008 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 1,948 | [4],[7] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,307 | [4],[7] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,008 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 3,255 | [4],[7] | ' | ' | ' | ||
Total | 4,263 | [4],[7] | ' | ' | ' | ||
Accumulated Depreciation | 1,551 | [4],[7] | ' | ' | ' | ||
Year Acquired | '2000 | [4],[7] | ' | ' | ' | ||
Year Constructed | '2004 | [4],[7] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 21 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,758 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 436 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,474 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 436 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,474 | [11],[4] | ' | ' | ' | ||
Total | 3,910 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 957 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2000/03 | [11],[4] | ' | ' | ' | ||
Year Constructed | '2006 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 22 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,122 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 436 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,356 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 436 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,356 | [12],[4] | ' | ' | ' | ||
Total | 4,792 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,347 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2000 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 23 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,599 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 910 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,026 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 910 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 7,026 | [11],[4] | ' | ' | ' | ||
Total | 7,936 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,903 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2000 | [11],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 24 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,453 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,453 | [4] | ' | ' | ' | ||
Total | 6,290 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,705 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 25 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 508 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,648 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 508 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,648 | [4] | ' | ' | ' | ||
Total | 4,156 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 880 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 26 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,694 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 445 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,194 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 445 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,194 | [4],[8] | ' | ' | ' | ||
Total | 3,639 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 752 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 27 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,964 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,964 | [4] | ' | ' | ' | ||
Total | 5,801 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 987 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 28 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,404 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 550 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,049 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 550 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 4,049 | [4],[8] | ' | ' | ' | ||
Total | 4,599 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 789 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2009 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 29 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,640 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 782 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,136 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 974 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,944 | [4],[8] | ' | ' | ' | ||
Total | 4,918 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 761 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2007 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2009 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 30 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,921 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 981 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,668 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,222 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 5,427 | [4],[8] | ' | ' | ' | ||
Total | 6,649 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,223 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2007 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2009 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr31a Member | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 684 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,643 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 684 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,643 | [4] | ' | ' | ' | ||
Total | 4,327 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 509 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2011 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 32 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,551 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,146 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,391 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,427 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,110 | [4],[6] | ' | ' | ' | ||
Total | 6,537 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 408 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2007 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2012 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | America Plaza [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,349 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 662 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,660 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 918 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 662 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,578 | [13],[4] | ' | ' | ' | ||
Total | 6,240 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,814 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1996 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Central Green Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,295 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 566 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,031 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 130 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 566 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,161 | [13],[4] | ' | ' | ' | ||
Total | 4,727 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,995 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1999 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1998 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Glenmont Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,692 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 936 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,161 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,504 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 936 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 8,665 | [13],[4] | ' | ' | ' | ||
Total | 9,601 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,270 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1999/2000 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Techway Southwest I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 729 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,765 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,174 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 729 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,939 | [4] | ' | ' | ' | ||
Total | 6,668 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,787 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Techway Southwest II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,239 | [4],[7] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 550 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 3,689 | [4],[7] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,282 | [4],[7] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 550 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 4,971 | [4],[7] | ' | ' | ' | ||
Total | 5,521 | [4],[7] | ' | ' | ' | ||
Accumulated Depreciation | 1,798 | [4],[7] | ' | ' | ' | ||
Year Acquired | '2000 | [4],[7] | ' | ' | ' | ||
Year Constructed | '2004 | [4],[7] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Techway Southwest III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,012 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 597 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,562 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 751 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,408 | [12],[4] | ' | ' | ' | ||
Total | 6,159 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,036 | [12],[4] | ' | ' | ' | ||
Year Acquired | '1999 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2006 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Techway Southwest IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,593 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 535 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,670 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 674 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 5,531 | [4],[8] | ' | ' | ' | ||
Total | 6,205 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,256 | [4],[8] | ' | ' | ' | ||
Year Acquired | '1999 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 458 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,712 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,684 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 458 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,396 | [4] | ' | ' | ' | ||
Total | 7,854 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,170 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,062 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 415 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,751 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 415 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,751 | [12],[4] | ' | ' | ' | ||
Total | 3,166 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 915 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,299 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 460 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,069 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 460 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,069 | [12],[4] | ' | ' | ' | ||
Total | 3,529 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,066 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2008 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,260 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 460 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,010 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 460 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,010 | [12],[4] | ' | ' | ' | ||
Total | 3,470 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,064 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [12],[4] | ' | ' | ' | ||
Year Constructed | '2008 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing V [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,004 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 701 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,709 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 701 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 4,709 | [4],[8] | ' | ' | ' | ||
Total | 5,410 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,429 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing VI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,619 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 618 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,017 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 618 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 6,017 | [4],[6] | ' | ' | ' | ||
Total | 6,635 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,100 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing VII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,590 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 765 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,828 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 765 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,828 | [4],[6] | ' | ' | ' | ||
Total | 6,593 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,315 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2009 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing VIII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 721 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,576 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 721 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,576 | [4] | ' | ' | ' | ||
Total | 5,297 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 467 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2011 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing IX [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,113 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,113 | [4] | ' | ' | ' | ||
Total | 2,531 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 104 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Kirby Business Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,797 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 530 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 3,153 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 339 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 530 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 3,492 | [4],[5] | ' | ' | ' | ||
Total | 4,022 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 1,164 | [4],[5] | ' | ' | ' | ||
Year Acquired | '2004 | [4],[5] | ' | ' | ' | ||
Year Constructed | '1980 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Clay Campbell Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 742 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,998 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 384 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 742 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,382 | [4] | ' | ' | ' | ||
Total | 4,124 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,345 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '1982 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston Intl Business Ctr 31B [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 546 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,075 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 546 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,075 | [4] | ' | ' | ' | ||
Total | 3,621 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 106 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston 33 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,166 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,849 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,166 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,849 | [4] | ' | ' | ' | ||
Total | 9,015 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 257 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '2013 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston 34 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 439 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,332 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 439 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,332 | [4] | ' | ' | ' | ||
Total | 3,771 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 70 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston 35 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 340 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,470 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 340 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,470 | [4] | ' | ' | ' | ||
Total | 2,810 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 35 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston 36 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 685 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,795 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 685 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,795 | [4] | ' | ' | ' | ||
Total | 5,480 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 63 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '2013 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | World Houston 38 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,053 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,112 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,053 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,112 | [4] | ' | ' | ' | ||
Total | 8,165 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 67 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '2013 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing X [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 733 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,871 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 733 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,871 | [4] | ' | ' | ' | ||
Total | 4,604 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 159 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Beltway Crossing XI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 690 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,092 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 690 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,092 | [4] | ' | ' | ' | ||
Total | 4,782 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 50 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2013 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | Houston [Member] | Ten West Crossing 1 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 566 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,962 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 566 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,962 | [4] | ' | ' | ' | ||
Total | 3,528 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 81 | [4] | ' | ' | ' | ||
Year Acquired | '2012 | [4] | ' | ' | ' | ||
Year Constructed | '2013 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | El Paso [Member] | Butterfield Trail [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 20,725 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,155 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 27,880 | [4] | ' | ' | ' | ||
Total | 27,880 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 15,211 | [4] | ' | ' | ' | ||
Year Acquired | '1997/2000 | [4] | ' | ' | ' | ||
Year Constructed | '1987/95 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | El Paso [Member] | Rojas Commerce Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 5,089 | [13],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 900 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,659 | [13],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,742 | [13],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 900 | [13],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,401 | [13],[4] | ' | ' | ' | ||
Total | 7,301 | [13],[4] | ' | ' | ' | ||
Accumulated Depreciation | 4,366 | [13],[4] | ' | ' | ' | ||
Year Acquired | '1999 | [13],[4] | ' | ' | ' | ||
Year Constructed | '1986 | [13],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | El Paso [Member] | Americas Ten Business Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,751 | [4],[5] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 526 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 2,778 | [4],[5] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,159 | [4],[5] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 526 | [4],[5] | ' | ' | ' | ||
Buildings and Improvements | 3,937 | [4],[5] | ' | ' | ' | ||
Total | 4,463 | [4],[5] | ' | ' | ' | ||
Accumulated Depreciation | 1,921 | [4],[5] | ' | ' | ' | ||
Year Acquired | '2001 | [4],[5] | ' | ' | ' | ||
Year Constructed | '2003 | [4],[5] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Alamo Downs Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,135 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,342 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 6,338 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,116 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,342 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 7,454 | [14],[4] | ' | ' | ' | ||
Total | 8,796 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,535 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2004 | [14],[4] | ' | ' | ' | ||
Year Constructed | '1986/2002 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Arion Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 28,507 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,143 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 31,432 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,294 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 4,143 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 36,726 | [14],[4] | ' | ' | ' | ||
Total | 40,869 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 13,678 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [14],[4] | ' | ' | ' | ||
Year Constructed | '1988-2000/06 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Arion 14 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,602 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 423 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,307 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 423 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,307 | [14],[4] | ' | ' | ' | ||
Total | 3,730 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,050 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [14],[4] | ' | ' | ' | ||
Year Constructed | '2006 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Arion 16 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,760 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 427 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,485 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 427 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,485 | [11],[4] | ' | ' | ' | ||
Total | 3,912 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 821 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [11],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Arion 17 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,191 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 616 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,958 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 616 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,958 | [14],[4] | ' | ' | ' | ||
Total | 4,574 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,576 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [14],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Arion 18 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 1,909 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,324 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 2,324 | [4],[6] | ' | ' | ' | ||
Total | 2,742 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 784 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2005 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Wetmore Business Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 9,819 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,494 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 10,804 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,776 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,494 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 13,580 | [12],[4] | ' | ' | ' | ||
Total | 15,074 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 5,393 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2005 | [12],[4] | ' | ' | ' | ||
Year Constructed | '1998/99 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Wetmore Phase II, Building A [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,768 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 412 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,328 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 412 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,328 | [4],[8] | ' | ' | ' | ||
Total | 3,740 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,145 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2006 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Wetmore Phase II, Building B [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,009 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 505 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,560 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 505 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,560 | [4],[8] | ' | ' | ' | ||
Total | 4,065 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 995 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2006 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Wetmore Phase II, Building C [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,027 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 546 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,543 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 546 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,543 | [4],[8] | ' | ' | ' | ||
Total | 4,089 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 453 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2006 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Wetmore Phase II, Building D [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 6,183 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,056 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,297 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,056 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 7,297 | [4],[8] | ' | ' | ' | ||
Total | 8,353 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,498 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2006 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Fairgrounds Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 7,642 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,644 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 8,209 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,879 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,644 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 10,088 | [12],[4] | ' | ' | ' | ||
Total | 11,732 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,508 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2007 | [12],[4] | ' | ' | ' | ||
Year Constructed | '1985/86 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Rittiman Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,083 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,649 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 265 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,083 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,914 | [4] | ' | ' | ' | ||
Total | 7,997 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 488 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Thousand Oaks I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 607 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,067 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 607 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,067 | [4] | ' | ' | ' | ||
Total | 4,674 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 153 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | TEXAS [Member] | San Antonio [Member] | Thousand Oaks 2 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 794 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,719 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 794 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,719 | [4] | ' | ' | ' | ||
Total | 5,513 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 187 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2012 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,349 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 823 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 837 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,172 | [4] | ' | ' | ' | ||
Total | 5,009 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,266 | [4] | ' | ' | ' | ||
Year Acquired | '1996 | [4] | ' | ' | ' | ||
Year Constructed | '1971 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 455 | [4] | ' | ' | ' | ||
Buildings and Improvements | 482 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 161 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 455 | [4] | ' | ' | ' | ||
Buildings and Improvements | 643 | [4] | ' | ' | ' | ||
Total | 1,098 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 381 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1971 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 775 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,742 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 525 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 775 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,267 | [4] | ' | ' | ' | ||
Total | 3,042 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,114 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '1983 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 380 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,652 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 783 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 380 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,435 | [4] | ' | ' | ' | ||
Total | 2,815 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,208 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '1986 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park V [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 353 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,090 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 120 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 353 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,210 | [4] | ' | ' | ' | ||
Total | 1,563 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 576 | [4] | ' | ' | ' | ||
Year Acquired | '2002 | [4] | ' | ' | ' | ||
Year Constructed | '1980 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park VI [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,180 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 599 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 1,855 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 636 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 599 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,491 | [11],[4] | ' | ' | ' | ||
Total | 3,090 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,195 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2002 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1979 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Broadway Industrial Park VII [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 450 | [4] | ' | ' | ' | ||
Buildings and Improvements | 650 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 95 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 450 | [4] | ' | ' | ' | ||
Buildings and Improvements | 745 | [4] | ' | ' | ' | ||
Total | 1,195 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 63 | [4] | ' | ' | ' | ||
Year Acquired | '2011 | [4] | ' | ' | ' | ||
Year Constructed | '1999 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Kyrene Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 76 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,490 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,453 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,269 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,490 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,722 | [4] | ' | ' | ' | ||
Total | 7,212 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,153 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1981/2001 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Southpark Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 918 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,738 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 609 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 918 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,347 | [4] | ' | ' | ' | ||
Total | 4,265 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,317 | [4] | ' | ' | ' | ||
Year Acquired | '2001 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Santan 10 Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,633 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 846 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,647 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 282 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 846 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,929 | [14],[4] | ' | ' | ' | ||
Total | 3,775 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,174 | [14],[4] | ' | ' | ' | ||
Year Acquired | '2001 | [14],[4] | ' | ' | ' | ||
Year Constructed | '2005 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Santan 10 Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,379 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,088 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,119 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,088 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,119 | [11],[4] | ' | ' | ' | ||
Total | 6,207 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,648 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2004 | [11],[4] | ' | ' | ' | ||
Year Constructed | '2007 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Metro Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,927 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,708 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,665 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,927 | [4] | ' | ' | ' | ||
Buildings and Improvements | 13,373 | [4] | ' | ' | ' | ||
Total | 15,300 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 8,162 | [4] | ' | ' | ' | ||
Year Acquired | '1996 | [4] | ' | ' | ' | ||
Year Constructed | '1977/79 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | 35th Avenue Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,381 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 412 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 418 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,793 | [4] | ' | ' | ' | ||
Total | 3,211 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,269 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1967 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | 51st Avenue Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,029 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 805 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,834 | [4] | ' | ' | ' | ||
Total | 3,134 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,585 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1987 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | East University Distribution Center I and II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,783 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,120 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,482 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,179 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,120 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,661 | [11],[4] | ' | ' | ' | ||
Total | 6,781 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,962 | [11],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1987/89 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | East University Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 444 | [4] | ' | ' | ' | ||
Buildings and Improvements | 698 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 99 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 444 | [4] | ' | ' | ' | ||
Buildings and Improvements | 797 | [4] | ' | ' | ' | ||
Total | 1,241 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 127 | [4] | ' | ' | ' | ||
Year Acquired | '2010 | [4] | ' | ' | ' | ||
Year Constructed | '1981 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | 55th Avenue Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,806 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 912 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,717 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 767 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 917 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,479 | [11],[4] | ' | ' | ' | ||
Total | 5,396 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,468 | [11],[4] | ' | ' | ' | ||
Year Acquired | '1998 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1987 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Interstate Commons Dist Ctr I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 798 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,632 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,537 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 798 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,169 | [4] | ' | ' | ' | ||
Total | 5,967 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,337 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1988 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Interstate Commons Dist Ctr II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 320 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,448 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 365 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 320 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,813 | [4] | ' | ' | ' | ||
Total | 3,133 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,216 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Interstate Commons Dist Ctr III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 242 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,954 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 242 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,954 | [4] | ' | ' | ' | ||
Total | 3,196 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 691 | [4] | ' | ' | ' | ||
Year Acquired | '2000 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Airport Commons [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,000 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,510 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,093 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,000 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,603 | [4] | ' | ' | ' | ||
Total | 3,603 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,141 | [4] | ' | ' | ' | ||
Year Acquired | '2003 | [4] | ' | ' | ' | ||
Year Constructed | '1971 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | 40th Avenue Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,982 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 703 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,028 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 703 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 6,028 | [4],[8] | ' | ' | ' | ||
Total | 6,731 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,269 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2004 | [4],[8] | ' | ' | ' | ||
Year Constructed | '2008 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Phoenix Area [Member] | Sky Harbor Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 5,839 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 21,145 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 5,839 | [4] | ' | ' | ' | ||
Buildings and Improvements | 21,145 | [4] | ' | ' | ' | ||
Total | 26,984 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,956 | [4] | ' | ' | ' | ||
Year Acquired | '2006 | [4] | ' | ' | ' | ||
Year Constructed | '2008 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Country Club I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,792 | [4],[7] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 506 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 3,564 | [4],[7] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,173 | [4],[7] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 693 | [4],[7] | ' | ' | ' | ||
Buildings and Improvements | 5,550 | [4],[7] | ' | ' | ' | ||
Total | 6,243 | [4],[7] | ' | ' | ' | ||
Accumulated Depreciation | 2,017 | [4],[7] | ' | ' | ' | ||
Year Acquired | '1997/2003 | [4],[7] | ' | ' | ' | ||
Year Constructed | '1994/2003 | [4],[7] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Country Club II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 442 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,381 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 37 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 442 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,418 | [4] | ' | ' | ' | ||
Total | 3,860 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 856 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Country Club III and IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,407 | [4] | ' | ' | ' | ||
Buildings and Improvements | 0 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 11,755 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,575 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,587 | [4] | ' | ' | ' | ||
Total | 13,162 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,165 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2009 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Airport Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,103 | [4] | ' | ' | ' | ||
Buildings and Improvements | 4,672 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,533 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,103 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,205 | [4] | ' | ' | ' | ||
Total | 7,308 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,211 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1995 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Southpointe Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,982 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,950 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,932 | [4] | ' | ' | ' | ||
Total | 6,932 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,499 | [4] | ' | ' | ' | ||
Year Acquired | '1999 | [4] | ' | ' | ' | ||
Year Constructed | '1989 | [4] | ' | ' | ' | ||
Industrial [Member] | ARIZONA [Member] | Tucson [Member] | Benan Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 707 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,842 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 626 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 707 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,468 | [4] | ' | ' | ' | ||
Total | 3,175 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,136 | [4] | ' | ' | ' | ||
Year Acquired | '2005 | [4] | ' | ' | ' | ||
Year Constructed | '2001 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | NorthPark Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 15,498 | [11],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,758 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 15,932 | [11],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,278 | [11],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,758 | [11],[4] | ' | ' | ' | ||
Buildings and Improvements | 19,210 | [11],[4] | ' | ' | ' | ||
Total | 21,968 | [11],[4] | ' | ' | ' | ||
Accumulated Depreciation | 6,234 | [11],[4] | ' | ' | ' | ||
Year Acquired | '2006 | [11],[4] | ' | ' | ' | ||
Year Constructed | '1987-89 | [11],[4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Lindbergh Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 470 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,401 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 303 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 470 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,704 | [4] | ' | ' | ' | ||
Total | 4,174 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,163 | [4] | ' | ' | ' | ||
Year Acquired | '2007 | [4] | ' | ' | ' | ||
Year Constructed | '2001/03 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Commerce Park I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 3,738 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 765 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,303 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 671 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 765 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 4,974 | [12],[4] | ' | ' | ' | ||
Total | 5,739 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 1,399 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2007 | [12],[4] | ' | ' | ' | ||
Year Constructed | '1983 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Commerce Park II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 1,459 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 335 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 1,603 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 158 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 335 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 1,761 | [4],[6] | ' | ' | ' | ||
Total | 2,096 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 322 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2010 | [4],[6] | ' | ' | ' | ||
Year Constructed | '1987 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Commerce Park III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,127 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 558 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 2,225 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 272 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 558 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 2,497 | [4],[6] | ' | ' | ' | ||
Total | 3,055 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 475 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2010 | [4],[6] | ' | ' | ' | ||
Year Constructed | '1981 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Nations Ford Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 14,641 | [12],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,924 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 16,171 | [12],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,380 | [12],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,924 | [12],[4] | ' | ' | ' | ||
Buildings and Improvements | 18,551 | [12],[4] | ' | ' | ' | ||
Total | 22,475 | [12],[4] | ' | ' | ' | ||
Accumulated Depreciation | 6,240 | [12],[4] | ' | ' | ' | ||
Year Acquired | '2007 | [12],[4] | ' | ' | ' | ||
Year Constructed | '1989/94 | [12],[4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Airport Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,454 | [4] | ' | ' | ' | ||
Buildings and Improvements | 10,136 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 922 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,454 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,058 | [4] | ' | ' | ' | ||
Total | 12,512 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,562 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2001/02 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Interchange Park I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 986 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,949 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 454 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 986 | [4] | ' | ' | ' | ||
Buildings and Improvements | 8,403 | [4] | ' | ' | ' | ||
Total | 9,389 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,722 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '1989 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Interchange Park II Acquisition [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 746 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,456 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 21 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 746 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,477 | [4] | ' | ' | ' | ||
Total | 2,223 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 22 | [4] | ' | ' | ' | ||
Year Acquired | '2013 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Ridge Creek Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,284 | [4] | ' | ' | ' | ||
Buildings and Improvements | 13,163 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 777 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,284 | [4] | ' | ' | ' | ||
Buildings and Improvements | 13,940 | [4] | ' | ' | ' | ||
Total | 15,224 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 2,525 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2006 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Ridge Creek Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 10,433 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,033 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 11,497 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 459 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,033 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 11,956 | [4],[6] | ' | ' | ' | ||
Total | 14,989 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 823 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2011 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2003 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Waterford Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 654 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,392 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 396 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 654 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,788 | [4] | ' | ' | ' | ||
Total | 4,442 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 589 | [4] | ' | ' | ' | ||
Year Acquired | '2008 | [4] | ' | ' | ' | ||
Year Constructed | '2000 | [4] | ' | ' | ' | ||
Industrial [Member] | NORTH CAROLINA [Member] | Charlotte [Member] | Lakeview Business [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,727 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,392 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,068 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 330 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,392 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,398 | [4],[6] | ' | ' | ' | ||
Total | 6,790 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 516 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2011 | [4],[6] | ' | ' | ' | ||
Year Constructed | '1996 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | LOUISIANA | New Orleans [Member] | Elmwood Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,861 | [4] | ' | ' | ' | ||
Buildings and Improvements | 6,337 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,589 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,861 | [4] | ' | ' | ' | ||
Buildings and Improvements | 9,926 | [4] | ' | ' | ' | ||
Total | 12,787 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 6,495 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1979 | [4] | ' | ' | ' | ||
Industrial [Member] | LOUISIANA | New Orleans [Member] | Riverbend Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,592 | [4] | ' | ' | ' | ||
Buildings and Improvements | 17,623 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 5,350 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,592 | [4] | ' | ' | ' | ||
Buildings and Improvements | 22,973 | [4] | ' | ' | ' | ||
Total | 25,565 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 10,996 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1984 | [4] | ' | ' | ' | ||
Industrial [Member] | COLORADO [Member] | Denver [Member] | Rampart Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,409 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,023 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,861 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,438 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,023 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,299 | [14],[4] | ' | ' | ' | ||
Total | 6,322 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 3,534 | [14],[4] | ' | ' | ' | ||
Year Acquired | '1988 | [14],[4] | ' | ' | ' | ||
Year Constructed | '1987 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | COLORADO [Member] | Denver [Member] | Rampart Distribution Center II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 2,905 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 230 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 2,977 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 958 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 230 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,935 | [14],[4] | ' | ' | ' | ||
Total | 4,165 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,443 | [14],[4] | ' | ' | ' | ||
Year Acquired | '1996/97 | [14],[4] | ' | ' | ' | ||
Year Constructed | '1996/97 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | COLORADO [Member] | Denver [Member] | Rampart Distribution Center III [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,442 | [14],[4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,098 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 3,884 | [14],[4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,386 | [14],[4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,098 | [14],[4] | ' | ' | ' | ||
Buildings and Improvements | 5,270 | [14],[4] | ' | ' | ' | ||
Total | 6,368 | [14],[4] | ' | ' | ' | ||
Accumulated Depreciation | 2,465 | [14],[4] | ' | ' | ' | ||
Year Acquired | '1997/98 | [14],[4] | ' | ' | ' | ||
Year Constructed | '1999 | [14],[4] | ' | ' | ' | ||
Industrial [Member] | COLORADO [Member] | Denver [Member] | Concord Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,342 | [4],[6] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,051 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 4,773 | [4],[6] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 413 | [4],[6] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,051 | [4],[6] | ' | ' | ' | ||
Buildings and Improvements | 5,186 | [4],[6] | ' | ' | ' | ||
Total | 6,237 | [4],[6] | ' | ' | ' | ||
Accumulated Depreciation | 1,522 | [4],[6] | ' | ' | ' | ||
Year Acquired | '2007 | [4],[6] | ' | ' | ' | ||
Year Constructed | '2000 | [4],[6] | ' | ' | ' | ||
Industrial [Member] | COLORADO [Member] | Denver [Member] | Centennial Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 4,268 | [4],[8] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 750 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 3,319 | [4],[8] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,697 | [4],[8] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 750 | [4],[8] | ' | ' | ' | ||
Buildings and Improvements | 5,016 | [4],[8] | ' | ' | ' | ||
Total | 5,766 | [4],[8] | ' | ' | ' | ||
Accumulated Depreciation | 1,175 | [4],[8] | ' | ' | ' | ||
Year Acquired | '2007 | [4],[8] | ' | ' | ' | ||
Year Constructed | '1990 | [4],[8] | ' | ' | ' | ||
Industrial [Member] | NEVADA [Member] | Las Vegas [Member] | Arville Distribution Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,933 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,094 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 285 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 4,933 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,379 | [4] | ' | ' | ' | ||
Total | 10,312 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,177 | [4] | ' | ' | ' | ||
Year Acquired | '2009 | [4] | ' | ' | ' | ||
Year Constructed | '1997 | [4] | ' | ' | ' | ||
Industrial [Member] | MISSISSIPPI [Member] | Jackson area [Member] | Interchange Business Park [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 343 | [4] | ' | ' | ' | ||
Buildings and Improvements | 5,007 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,577 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 343 | [4] | ' | ' | ' | ||
Buildings and Improvements | 7,584 | [4] | ' | ' | ' | ||
Total | 7,927 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 4,255 | [4] | ' | ' | ' | ||
Year Acquired | '1997 | [4] | ' | ' | ' | ||
Year Constructed | '1981 | [4] | ' | ' | ' | ||
Industrial [Member] | MISSISSIPPI [Member] | Jackson area [Member] | Tower Automotive [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 0 | [4] | ' | ' | ' | ||
Buildings and Improvements | 9,958 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,199 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 17 | [4] | ' | ' | ' | ||
Buildings and Improvements | 11,140 | [4] | ' | ' | ' | ||
Total | 11,157 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 3,739 | [4] | ' | ' | ' | ||
Year Acquired | '2001 | [4] | ' | ' | ' | ||
Year Constructed | '2002 | [4] | ' | ' | ' | ||
Industrial [Member] | MISSISSIPPI [Member] | Jackson area [Member] | Metro Airport Commerce Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 303 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,479 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 968 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 303 | [4] | ' | ' | ' | ||
Buildings and Improvements | 2,447 | [4] | ' | ' | ' | ||
Total | 2,750 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,312 | [4] | ' | ' | ' | ||
Year Acquired | '2001 | [4] | ' | ' | ' | ||
Year Constructed | '2003 | [4] | ' | ' | ' | ||
Industrial [Member] | TENNESSEE [Member] | Memphis [Member] | Air Park Distribution Center I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 250 | [4] | ' | ' | ' | ||
Buildings and Improvements | 1,916 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,336 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 250 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,252 | [4] | ' | ' | ' | ||
Total | 3,502 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,613 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1975 | [4] | ' | ' | ' | ||
Industrial [Member] | OKLAHOMA [Member] | Oklahoma City [Member] | Northpointe Commerce Center [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [4] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 777 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,113 | [4] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 841 | [4] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 998 | [4] | ' | ' | ' | ||
Buildings and Improvements | 3,733 | [4] | ' | ' | ' | ||
Total | 4,731 | [4] | ' | ' | ' | ||
Accumulated Depreciation | 1,766 | [4] | ' | ' | ' | ||
Year Acquired | '1998 | [4] | ' | ' | ' | ||
Year Constructed | '1996/97 | [4] | ' | ' | ' | ||
Industrial Development [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 1,198 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 66,642 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 82,125 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 72,993 | [15] | ' | ' | ' | ||
Buildings and Improvements | 75,774 | [15] | ' | ' | ' | ||
Total | 148,767 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 42 | [15] | ' | ' | ' | ||
Industrial Development [Member] | FLORIDA [Member] | Oak Creek land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,946 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,128 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,374 | [15] | ' | ' | ' | ||
Buildings and Improvements | 2,700 | [15] | ' | ' | ' | ||
Total | 5,074 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2005 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | FLORIDA [Member] | Madison land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,189 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 559 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,189 | [15] | ' | ' | ' | ||
Buildings and Improvements | 559 | [15] | ' | ' | ' | ||
Total | 1,748 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | FLORIDA [Member] | Horizon I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 991 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,310 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 991 | [15] | ' | ' | ' | ||
Buildings and Improvements | 4,310 | [15] | ' | ' | ' | ||
Total | 5,301 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2008 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | FLORIDA [Member] | Horizon land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 12,274 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 12,400 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 12,360 | [15] | ' | ' | ' | ||
Buildings and Improvements | 12,314 | [15] | ' | ' | ' | ||
Total | 24,674 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2008/09 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | FLORIDA [Member] | SunCoast land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 10,926 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,932 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 11,104 | [15] | ' | ' | ' | ||
Buildings and Improvements | 6,754 | [15] | ' | ' | ' | ||
Total | 17,858 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2006 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | North Stemmons land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 537 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 276 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 537 | [15] | ' | ' | ' | ||
Buildings and Improvements | 276 | [15] | ' | ' | ' | ||
Total | 813 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2001 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Valwood land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 404 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 32 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 416 | [15] | ' | ' | ' | ||
Buildings and Improvements | 20 | [15] | ' | ' | ' | ||
Total | 436 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | World Houston International Business Ctr 37 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 759 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 4,620 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 759 | [15] | ' | ' | ' | ||
Buildings and Improvements | 4,620 | [15] | ' | ' | ' | ||
Total | 5,379 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2011 | [15] | ' | ' | ' | ||
Year Constructed | '2013 | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | World Houston 39 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 620 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,016 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 620 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,016 | [15] | ' | ' | ' | ||
Total | 1,636 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2011 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | World Houston 40 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,072 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 958 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,072 | [15] | ' | ' | ' | ||
Buildings and Improvements | 958 | [15] | ' | ' | ' | ||
Total | 2,030 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2011 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | World Houston Intl Business Ctr land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,628 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,081 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,628 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,081 | [15] | ' | ' | ' | ||
Total | 2,709 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2000/06 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | World Houston Intl Business Ctr land-expansion [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,718 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 7,004 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 9,540 | [15] | ' | ' | ' | ||
Buildings and Improvements | 2,182 | [15] | ' | ' | ' | ||
Total | 11,722 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2011 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Ten West Crossing 2 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 829 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,260 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 833 | [15] | ' | ' | ' | ||
Buildings and Improvements | 3,256 | [15] | ' | ' | ' | ||
Total | 4,089 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 26 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | '2013 | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Ten West Crossing 3 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 609 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,760 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 613 | [15] | ' | ' | ' | ||
Buildings and Improvements | 3,756 | [15] | ' | ' | ' | ||
Total | 4,369 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | '2013 | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Ten West Crossing 4 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 694 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,767 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 699 | [15] | ' | ' | ' | ||
Buildings and Improvements | 2,762 | [15] | ' | ' | ' | ||
Total | 3,461 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Ten West Crossing 5 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 933 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 479 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 940 | [15] | ' | ' | ' | ||
Buildings and Improvements | 472 | [15] | ' | ' | ' | ||
Total | 1,412 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Ten West Crossing land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,351 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 866 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,367 | [15] | ' | ' | ' | ||
Buildings and Improvements | 850 | [15] | ' | ' | ' | ||
Total | 3,217 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Lee Road land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,068 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,152 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,822 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,398 | [15] | ' | ' | ' | ||
Total | 5,220 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2007 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | West Road land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,303 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,988 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,304 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,987 | [15] | ' | ' | ' | ||
Total | 5,291 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Americas Ten Business Center II and III land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,365 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,079 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,365 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,079 | [15] | ' | ' | ' | ||
Total | 2,444 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2001 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Thousand Oaks 3 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 772 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | ' | ' | ' | |||
Costs Capitalized Subsequent to Acquisition | 3,528 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 772 | [15] | ' | ' | ' | ||
Buildings and Improvements | 3,528 | [15] | ' | ' | ' | ||
Total | 4,300 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 16 | [15] | ' | ' | ' | ||
Year Acquired | '2008 | [15] | ' | ' | ' | ||
Year Constructed | '2013 | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Alamo Ridge land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 2,288 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,232 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 2,288 | [15] | ' | ' | ' | ||
Buildings and Improvements | 2,232 | [15] | ' | ' | ' | ||
Total | 4,520 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2007 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | TEXAS [Member] | Thousand Oaks 4 [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 753 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 277 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 753 | [15] | ' | ' | ' | ||
Buildings and Improvements | 277 | [15] | ' | ' | ' | ||
Total | 1,030 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2013 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | ARIZONA [Member] | Airport Distribution Center II land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 117 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 300 | [15] | ' | ' | ' | ||
Buildings and Improvements | 117 | [15] | ' | ' | ' | ||
Total | 417 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2000 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | ARIZONA [Member] | Kyrene Land Member | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 3,220 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,153 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 3,219 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,154 | [15] | ' | ' | ' | ||
Total | 4,373 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2011 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | ARIZONA [Member] | Chandler Freeways land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 1,525 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 6,333 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 1,525 | [15] | ' | ' | ' | ||
Buildings and Improvements | 6,333 | [15] | ' | ' | ' | ||
Total | 7,858 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2012 | [15] | ' | ' | ' | ||
Year Constructed | '2013 | [15] | ' | ' | ' | ||
Industrial Development [Member] | NORTH CAROLINA [Member] | Steele Creek I [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 879 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 3,388 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 890 | [15] | ' | ' | ' | ||
Buildings and Improvements | 3,377 | [15] | ' | ' | ' | ||
Total | 4,267 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2013 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | NORTH CAROLINA [Member] | Steele Creek II [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 879 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 2,462 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 890 | [15] | ' | ' | ' | ||
Buildings and Improvements | 2,451 | [15] | ' | ' | ' | ||
Total | 3,341 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2013 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | NORTH CAROLINA [Member] | Steele Creek land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 4,058 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,876 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 4,072 | [15] | ' | ' | ' | ||
Buildings and Improvements | 1,862 | [15] | ' | ' | ' | ||
Total | 5,934 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2013 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | NORTH CAROLINA [Member] | Airport Commerce Center III land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 855 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 565 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 855 | [15] | ' | ' | ' | ||
Buildings and Improvements | 565 | [15] | ' | ' | ' | ||
Total | 1,420 | [15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [15] | ' | ' | ' | ||
Year Acquired | '2008 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
Industrial Development [Member] | COLORADO [Member] | Rampart IV [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 1,198 | [14],[15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 590 | [14],[15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [14],[15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 1,128 | [14],[15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 589 | [14],[15] | ' | ' | ' | ||
Buildings and Improvements | 1,129 | [14],[15] | ' | ' | ' | ||
Total | 1,718 | [14],[15] | ' | ' | ' | ||
Accumulated Depreciation | 0 | [14],[15] | ' | ' | ' | ||
Year Acquired | '2012 | [14],[15] | ' | ' | ' | ||
Year Constructed | 'n/a | [14],[15] | ' | ' | ' | ||
Industrial Development [Member] | MISSISSIPPI [Member] | Metro Airport Commerce Center II land [Member] | ' | ' | ' | ' | |||
Real Estate and Accumulated Depreciation [Line Items] | ' | ' | ' | ' | |||
Encumbrances | 0 | [15] | ' | ' | ' | ||
Initial Cost to the Company [Abstract] | ' | ' | ' | ' | |||
Land | 307 | [15] | ' | ' | ' | ||
Buildings and Improvements | 0 | [15] | ' | ' | ' | ||
Costs Capitalized Subsequent to Acquisition | 399 | [15] | ' | ' | ' | ||
Gross Amount at which Carried at Close of Period [Abstract] | ' | ' | ' | ' | |||
Land | 307 | [15] | ' | ' | ' | ||
Buildings and Improvements | 399 | [15] | ' | ' | ' | ||
Total | 706 | [15] | ' | ' | ' | ||
Accumulated Depreciation | $0 | [15] | ' | ' | ' | ||
Year Acquired | '2001 | [15] | ' | ' | ' | ||
Year Constructed | 'n/a | [15] | ' | ' | ' | ||
[1] | Changes in Real Estate Properties follow: Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of yearB $1,768,032B 1,662,593B 1,521,177Purchases of real estate propertiesB 65,387B 48,934B 80,624Development of real estate properties76,240B 55,404B 42,148Improvements to real estate properties21,438B 18,164B 18,686Carrying amount of investments soldB (3,475)B (16,756)B bWrite-off of improvementsB (296)B (307)B (42)Balance at end of year (1)B $1,927,326B 1,768,032B 1,662,593(1)Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at DecemberB 31, 2013 and $1,794,000 at DecemberB 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively.Changes in the accumulated depreciation on real estate properties follow: Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of yearB $496,247B 451,805B 403,187Depreciation expenseB 54,284B 51,564B 48,648Accumulated depreciation on assets soldB (126)B (6,819)B bOtherB (292)B (303)B (30)Balance at end of yearB $550,113B 496,247B 451,805 | ||||||
[2] | The estimated aggregate cost of real estate properties at DecemberB 31, 2013 for federal income tax purposes was approximately $1,893,741,000 before estimated accumulated tax depreciation of $356,567,000. The federal income tax return for the year endedB DecemberB 31, 2013, has not been filed and accordingly, this estimate is based on preliminary data. | ||||||
[3] | Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at DecemberB 31, 2013 and $1,794,000 at DecemberB 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively. | ||||||
[4] | The Company computes depreciation using the straight-line method over the estimated useful lives of the buildings (generally 40 years) and improvements (generally 3 to 15 years). | ||||||
[5] | EastGroup has a $26,907,000 non-recourse first mortgage loan with an insurance company secured by Americas Ten I, Kirby, Palm River North I, II & III, Shady Trail, Westlake I & II, and World Houston 17. | ||||||
[6] | EastGroup has a $50,519,000 non-recourse first mortgage loan with an insurance company secured by Arion 18, Beltway VI & VII, Commerce Park II & III, Concord Distribution Center, Interstate Distribution Center V, VI & VII, Lakeview Business Center, Ridge Creek Distribution Center II, Southridge IV & V and World Houston 32. | ||||||
[7] | EastGroup has a $27,812,000 non-recourse first mortgage loan with an insurance company secured by Country Club I, Lake Pointe, Techway Southwest II, and World Houston 19 & 20. | ||||||
[8] | EastGroup has a $66,805,000 non-recourse first mortgage loan with an insurance company secured by 40th Avenue, Beltway V, Centennial Park, Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII, and World Houston 26, 28, 29 & 30. | ||||||
[9] | EastGroup has a $28,833,000 non-recourse first mortgage loan with an insurance company secured by Huntwood and Wiegman. | ||||||
[10] | EastGroup has a $59,087,000 limited recourse first mortgage loan with an insurance company secured by Dominguez, Industry Distribution Center I & III, Kingsview, Shaw, Walnut, and Washington. The loan has a recourse liability of $5 million which will be released based on the secured properties generating certain base rent amounts. | ||||||
[11] | EastGroup has a $57,368,000 non-recourse first mortgage loan with an insurance company secured by Arion 16, Broadway VI, Chino, East University I & II, Northpark I-IV, Santan 10 II, 55th Avenue, and World Houston 1 & 2 and 21 & 23. | ||||||
[12] | EastGroup has a $61,402,000 non-recourse first mortgage loan with an insurance company secured by Beltway II, III & IV, Commerce Park 1, Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV, and World Houston 15 & 22. | ||||||
[13] | EastGroup has a $59,827,000 non-recourse first mortgage loan with an insurance company secured by America Plaza, Central Green, Glenmont I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II, and World Houston 3-9. | ||||||
[14] | EastGroup has a $60,131,000 non-recourse first mortgage loan with an insurance company secured by Alamo Downs, Arion 1-15 & 17, Rampart I, II, III & IV, Santan 10, and World Houston 16. | ||||||
[15] | The Company transfers development properties to real estate properties the earlier of 80% occupancy or one year after completion of the shell construction. |
SCHEDULE_III_SCHEDULE_III_Deta
SCHEDULE III SCHEDULE III (Details2) (USD $) | 12 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ' | ' | ' | |||
Balance at beginning of year | $1,768,032,000 | [1] | $1,662,593,000 | [1] | $1,521,177,000 | |
Purchases of real estate properties | 65,387,000 | 48,934,000 | 80,624,000 | |||
Development of real estate properties | 76,240,000 | 55,404,000 | 42,148,000 | |||
Improvements to real estate properties | 21,438,000 | 18,164,000 | 18,686,000 | |||
Carrying amount of investments sold | -3,475,000 | -16,756,000 | 0 | |||
Write-off of improvements | -296,000 | -307,000 | -42,000 | |||
Balance at end of year | 1,927,326,000 | [1],[2],[3] | 1,768,032,000 | [1] | 1,662,593,000 | [1] |
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Balance at beginning of year | 496,247,000 | 451,805,000 | 403,187,000 | |||
Depreciation expense | 54,284,000 | 51,564,000 | 48,648,000 | |||
Accumulated depreciation on assets sold | -126,000 | -6,819,000 | 0 | |||
Other | -292,000 | -303,000 | -30,000 | |||
Balance at end of year | 550,113,000 | [2],[3] | 496,247,000 | 451,805,000 | ||
Estimated aggregate cost of real estate properties for federal income tax purposes | 1,893,741,000 | ' | ' | |||
Estimated accumulated tax depreciation | 356,567,000 | ' | ' | |||
Percentage of Occupation When Development Cost Ceased Being Capitalized | 80.00% | ' | ' | |||
Length of Time After Project Completion When Development Cost Ceased Being Capitalized | '1 year | ' | ' | |||
Secured debt | 499,793,000 | 607,766,000 | ' | |||
Recourse liability | 5,000,000 | ' | ' | |||
Castilian Research Center [Member] | ' | ' | ' | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ' | ' | ' | |||
Noncontrolling Interests (in hundreths) | 20.00% | ' | ' | |||
Noncontrolling Interests | 1,794,000 | 1,794,000 | ' | |||
University Business Center [Member] | ' | ' | ' | |||
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] | ' | ' | ' | |||
Noncontrolling Interests (in hundreths) | 20.00% | ' | ' | |||
Noncontrolling Interests | 6,496,000 | 6,418,000 | ' | |||
Buildings [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Estimated useful life (in years) | '40 years | ' | ' | |||
Minimum [Member] | Improvements and Personal Property [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Estimated useful life (in years) | '3 years | ' | ' | |||
Maximum [Member] | Improvements and Personal Property [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Estimated useful life (in years) | '15 years | ' | ' | |||
Dominguez, Industry I and III, Kingsview, Shaw, Walnut and Washington [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 59,087,000 | [4] | 61,052,000 | [4] | ' | |
Arion 16, Broadway VI, Chino, East University I and II, Northpark I-IV, Santan 10 II, 55th Avenue and World Houston 1 and 2, 21 and 23 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 57,368,000 | 60,310,000 | ' | |||
America Plaza, Central Green, Glenmont I & II, Interstate I, II & III, Rojas, Stemmons Circle, Venture, West Loop I & II and World Houston 3-9 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 59,827,000 | 61,970,000 | ' | |||
Arion 18, Beltway VI & VII, Commerce Park II & III, Concord Dist Ctr, Interstate Dist Ctr V, VI & VII, Lakeview Business Ctr, Ridge Creek Distribution Ctr II, Southridge IV & V and World Houston 32 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 50,519,000 | 52,369,000 | ' | |||
Thirty Fifth Avenue, Beltway I, Broadway V, Lockwood, Northwest Point, Sunbelt, Techway Southwest I and World Houston 10, 11 and 14 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 0 | 34,474,000 | ' | |||
Americas Ten I, Kirby, Palm River North I, II and III, Shady Trail, Westlake I and II and World Houston 17 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 26,907,000 | 27,467,000 | ' | |||
Country Club I, Lake Pointe, Techway Southwest II and World Houston 19 and 20 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 27,812,000 | 29,465,000 | ' | |||
Huntwood and Wiegman Distribution Centers [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 28,833,000 | 30,332,000 | ' | |||
Alamo Downs, Arion 1-15 and 17, Rampart I, II, III & IV, Santan 10 and World Houston 16 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 60,131,000 | 63,132,000 | ' | |||
Beltway II, III and IV, Commerce Park 1, Eastlake, Fairgrounds I-IV, Nations Ford I-IV, Techway Southwest III, Wetmore I-IV and World Houston 15 and 22 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 61,402,000 | 64,374,000 | ' | |||
Airport Commerce Center I and II, Interchange Park, Ridge Creek Distribution Center I, Southridge XII, Waterford Distribution Center and World Houston 24, 25 and 27 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | 0 | 52,086,000 | ' | |||
Fortieth Avenue, Beltway V, Centennial Park, Executive Airport, Ocean View, Techway Southwest IV, Wetmore V-VIII and World Houston 26, 28, 29 and 30 [Member] | ' | ' | ' | |||
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] | ' | ' | ' | |||
Secured debt | $66,805,000 | $69,376,000 | ' | |||
[1] | Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at DecemberB 31, 2013 and $1,794,000 at DecemberB 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively. | |||||
[2] | Changes in Real Estate Properties follow: Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of yearB $1,768,032B 1,662,593B 1,521,177Purchases of real estate propertiesB 65,387B 48,934B 80,624Development of real estate properties76,240B 55,404B 42,148Improvements to real estate properties21,438B 18,164B 18,686Carrying amount of investments soldB (3,475)B (16,756)B bWrite-off of improvementsB (296)B (307)B (42)Balance at end of year (1)B $1,927,326B 1,768,032B 1,662,593(1)Includes 20% noncontrolling interests in Castilian Research Center of $1,794,000 at DecemberB 31, 2013 and $1,794,000 at DecemberB 31, 2012 and in University Business Center of $6,496,000 and $6,418,000, respectively.Changes in the accumulated depreciation on real estate properties follow: Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of yearB $496,247B 451,805B 403,187Depreciation expenseB 54,284B 51,564B 48,648Accumulated depreciation on assets soldB (126)B (6,819)B bOtherB (292)B (303)B (30)Balance at end of yearB $550,113B 496,247B 451,805 | |||||
[3] | The estimated aggregate cost of real estate properties at DecemberB 31, 2013 for federal income tax purposes was approximately $1,893,741,000 before estimated accumulated tax depreciation of $356,567,000. The federal income tax return for the year endedB DecemberB 31, 2013, has not been filed and accordingly, this estimate is based on preliminary data. | |||||
[4] | This mortgage loan has a recourse liability of $5.0 million which will be released based on the secured properties generating certain base rent amounts. |
SCHEDULE_IV_Details
SCHEDULE IV (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||
Dec. 31, 2013 | Oct. 08, 2016 | Aug. 08, 2008 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |||||
First Mortgage [Member] | First Mortgage [Member] | First Mortgage [Member] | S&K Properties - Tampa, Florida [Member] | JCB Limited - California - A [Member] | JCB Limited - California - B [Member] | ||||||||
First Mortgage [Member] | First Mortgage [Member] | First Mortgage [Member] | |||||||||||
Buildings [Member] | Buildings [Member] | Buildings [Member] | |||||||||||
Mortgage Loans on Real Estate [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Number of Loans | 3 | [1] | ' | ' | ' | ' | ' | 1 | 1 | 1 | |||
Stated interest rate (in hundredths) | ' | ' | ' | ' | ' | ' | 6.00% | [2] | 5.25% | 5.25% | |||
Effective interest rate (in hundredths) | ' | ' | ' | ' | ' | ' | 6.40% | ' | ' | ||||
Non-recourse first mortgage Loan Maturity Date | ' | ' | ' | ' | ' | ' | '10/2016 | '10/2017 | '10/2017 | ||||
Periodic Payment Terms | ' | ' | ' | ' | ' | ' | 'Principal of $4,000 and interest due monthly; balloon payment of $3,456,000 due atB maturity (10/08/16) | 'Principal and interest due monthly | 'Principal and interest due monthly | ||||
Non-recourse first mortgage loan Face Amount, Total mortgage | $8,894,000 | ' | ' | ' | ' | ' | $3,793,000 | $2,068,000 | $3,033,000 | ||||
Carrying Amount of Mortgages | 8,870,000 | [3],[4] | ' | ' | ' | ' | ' | 3,769,000 | 2,068,000 | 3,033,000 | |||
Principal Amount of Loans Subject to Delinquent Principal or Interest | 0 | [5] | ' | ' | ' | ' | ' | 0 | [5] | 0 | [5] | 0 | [5] |
Mortgage Loans on Real Estate, Periodic Payment Terms, Balloon Payment Amount | ' | 3,456,000 | ' | ' | ' | ' | ' | ' | ' | ||||
Changes in the mortgage loans [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Balance at beginning of year | ' | ' | ' | 9,323,000 | 4,110,000 | 4,131,000 | ' | ' | ' | ||||
Advances on mortgage loans receivable | ' | ' | ' | 0 | 5,223,000 | 0 | ' | ' | ' | ||||
Payments on mortgage loans receivable | ' | ' | ' | -463,000 | -20,000 | -33,000 | ' | ' | ' | ||||
Amortization of discount on mortgage loan receivable | ' | ' | ' | 10,000 | 10,000 | 12,000 | ' | ' | ' | ||||
Balance at end of year | ' | ' | ' | 8,870,000 | 9,323,000 | 4,110,000 | ' | ' | ' | ||||
Discount on mortgage loan receivable recognized at inception of loan | ' | ' | 198,000 | ' | ' | ' | ' | ' | ' | ||||
Income Tax Basis of Mortgage Loans on Real Estate | 8,890,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Mortgage Loans on Real Estate, Periodic Payment Terms, monthly principal amount due | $4,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
[1] | Reference is made to allowance for possible losses on mortgage loans receivable in the Notes to Consolidated Financial Statements. | ||||||||||||
[2] | This mortgage loan has a stated interest rate of 6.0% and an effective interest rate of 6.4%. A discount on mortgage loan receivable of $198,000 was recognized at the inception of the loan and is shown in the table in footnote (d) below. | ||||||||||||
[3] | Changes in mortgage loans follow:B Years Ended December 31,2013B 2012B 2011(In thousands)Balance at beginning of year$9,323B 4,110B 4,131Advances on mortgage loans receivablebB 5,223B bPayments on mortgage loans receivable(463)B (20)B (33)Amortization of discount on mortgage loan receivable10B 10B 12Balance at end of year$8,870B 9,323B 4,110 | ||||||||||||
[4] | The aggregate cost for federal income tax purposes is approximately $8.89 million. The federal income tax return for the year ended DecemberB 31, 2013, has not been filed and, accordingly, the income tax basis of mortgage loans as of DecemberB 31, 2013, is based onB preliminary data. | ||||||||||||
[5] | Interest in arrears for three months or less is disregarded in computing principal amount of loans subject to delinquent interest. |