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Real Estate - Secured Debt (Details) (USD $)
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9 Months Ended | 0 Months Ended | ||||
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Sep. 30, 2013
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Dec. 31, 2012
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Sep. 30, 2013
650 N Glebe [Member]
extension_option
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Feb. 21, 2013
650 N Glebe [Member]
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Feb. 21, 2013
650 N Glebe [Member]
Secured Debt [Member]
LIBOR [Member]
Maximum [Member]
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Feb. 21, 2013
650 N Glebe [Member]
Secured Debt [Member]
LIBOR [Member]
Minimum [Member]
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| Debt Instrument [Line Items] | ||||||
| Construction loan agreement | $ 33,000,000 | |||||
| Basis spread on variable interest rate | 2.15% | 2.00% | ||||
| Mortgage notes payable | $ 290,838,000 | $ 319,025,000 | $ 3,000,000 | |||
| Number of extension options | 2 | |||||
| Length of extension period | 1 year | |||||
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- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Details
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- Definition
This element represents the current and noncurrent portions of a long-term real estate loan with an initial maturity beyond one year or beyond the normal operating cycle, if longer, to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Debt Agreement Optional Extension Period Exercisable by Option No definition available.
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- Definition
Number of Extension Options No definition available.
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