Acquisition of Rental Property (Narrative) (Details) - Westgate [Member] - USD ($) |
6 Months Ended | ||
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Jun. 30, 2016 |
Jun. 30, 2016 |
Jun. 29, 2016 |
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| Business Acquisition [Line Items] | |||
| Total cash price | $ 40,900,000 | ||
| Ownership Percentage | 58.00% | ||
| Cash transfered for equity interest | $ 39,000,000 | ||
| Percentage of business acquired | 40.00% | 40.00% | |
| Cash paid for remaining interest held by a noncontrolling interest | $ 1,900,000 | ||
| Contingent Consideration | $ 0 | 0 | |
| Acquisition Related Costs | 75,000 | ||
| Gain on previously held interest in acquired joint venture | 49,300,000 | ||
| Mortgage loan | 62,000,000 | 62,000,000 | |
| Rental property and related intangible increase | 49,300,000 | ||
| Prepaids and other assets | 227,000 | 227,000 | |
| Accounts payable and accrued expenses | $ 5,040,000 | $ 5,040,000 | |
| Rental growth rate | 3.00% | ||
| Discount rate | 8.75% | ||
| Terminal cap rate | 7.25% | ||
| Noncontrolling interests in Operating Partnership [Member] | |||
| Business Acquisition [Line Items] | |||
| Percentage of business acquired | 2.00% | 2.00% |
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- Definition Percentage of business acquired No definition available.
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- Definition Rental property and related intangible increase No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition In a business combination achieved in stages, this element represents the amount of gain recognized by the entity as a result of remeasuring to fair value the equity interest in the acquiree it held before the business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of contingent consideration in a business combination that is classified in shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Ratio of the net operating income produced by an asset and its capital cost (original prices paid to buy the asset), used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of assumed long-term growth in revenues, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the purchase of noncontrolling interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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