Annual report pursuant to Section 13 and 15(d)

Mortgage Notes Payable (Details)

v2.4.0.8
Mortgage Notes Payable (Details) (USD $)
12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended
Dec. 31, 2013
buildings
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
650 N Glebe [Member]
Dec. 31, 2012
650 N Glebe [Member]
Dec. 31, 2013
John Marshall II Member
Dec. 31, 2012
John Marshall II Member
Dec. 31, 2013
Olney Village Center Member
Dec. 31, 2012
Olney Village Center Member
Dec. 31, 2013
Kenmore Apartments [Member]
Dec. 31, 2012
Kenmore Apartments [Member]
Dec. 31, 2013
2445 M Street [Member]
Dec. 31, 2012
2445 M Street [Member]
Dec. 31, 2013
3801 Connecticut, Walker House, Bethesda Hill [Member]
Dec. 31, 2012
3801 Connecticut, Walker House, Bethesda Hill [Member]
Nov. 21, 2013
Ashburn Farm Office 5.56% [Member]
Dec. 31, 2013
Ashburn Farm Office 5.56% [Member]
Dec. 31, 2012
Ashburn Farm Office 5.56% [Member]
Nov. 21, 2013
Ashburn Farm Office 5.69% [Member]
Dec. 31, 2013
Ashburn Farm Office 5.69% [Member]
Dec. 31, 2012
Ashburn Farm Office 5.69% [Member]
Nov. 22, 2013
Woodholme Medical Center [Member]
Dec. 31, 2013
Woodholme Medical Center [Member]
Dec. 31, 2012
Woodholme Medical Center [Member]
Jan. 11, 2013
West Gude [Member]
Dec. 31, 2013
West Gude [Member]
Dec. 31, 2012
West Gude [Member]
Mortgage Loans on Real Estate [Line Items]                                                      
Collateral for mortgage notes payable 1                                                    
Debt Instrument, Description of Variable Rate Basis       0.0215                                              
Mortgage note, fair value interest rate       2.31% [1],[2],[3]   5.79% [1]   4.94% [1]   5.37% [1]   7.25% [1],[3]   5.71% [1],[4]     5.56% [1],[5]     5.69% [1],[6]     5.29% [1],[7]     5.86% [1],[8]  
Land Available for Development $ 3,600,000                                                    
Mortgage notes payable 294,671,000 342,970,000   7,297,000 0 [2],[3] 52,563,000 53,274,000 20,743,000 22,343,000 34,937,000 35,535,000 98,102,000 [3] 96,848,000 [3] 81,029,000 [4] 81,029,000 [4]   0 [5] 2,313,000 [5]   0 [6] 2,024,000 [6]   0 [7] 19,608,000 [7]   0 [8] 29,996,000 [8]
Debt Instrument, Maturity Date       Feb. 21, 2016 [2],[3]   May 05, 2016   Oct. 01, 2023   Mar. 01, 2019   Jan. 06, 2017 [3]   Jun. 01, 2016 [4]     Nov. 21, 2013 [5]     Nov. 21, 2013 [6]     Nov. 22, 2013 [7]     Jan. 11, 2013 [8]  
Debt Instrument, Issuance Date       Feb. 21, 2013 [2],[3],[9]   Sep. 15, 2011 [9]   Aug. 30, 2011 [9]   Feb. 02, 2009 [9]   Dec. 02, 2008 [3],[9]   May 29, 2008 [4],[9]     Jun. 01, 2007 [5],[9]     Jun. 01, 2007 [6],[9]     Jun. 01, 2007 [7],[9]     Aug. 25, 2006 [8],[9]  
Extension term       2 years                   1 year                          
Principal payments – mortgage notes payable 58,679,000 85,667,000 32,331,000                         2,200,000     1,900,000     19,300,000     30,000,000    
Payments of Debt Extinguishment Costs                               500,000     400,000     1,800,000          
Carrying Amount, Mortgaged Properties $ 433,700,000 $ 510,000,000                                                  
[1] Yield on the assumption/issuance date, including the effects of any premiums, discounts or fair value adjustments on the notes.
[2] Interest rate on 650 North Glebe Road is variable, based on LIBOR plus 2.15%. The maturity date can be extended for up to two years, subject to fees and compliance with certain provisions in the loan agreement, until February 20, 2018.
[3] Interest only is payable monthly until the maturity date upon which all unpaid principal and interest are payable in full.
[4] Interest only is payable monthly until the maturity date, which can be extended for one year upon which the interest rate is reset on June 1, 2016. At maturity on June 1, 2017, all unpaid principal and interest are payable in full.
[5] n November 2013, we extinguished the remaining $2.2 million of principal on the mortgage note secured by Ashburn Farm Office Park with extinguishment costs of $0.5 million.
[6] n November 2013, we extinguished the remaining $1.9 million of principal on the mortgage note secured by Ashburn Farm III Office Park, with extinguishment costs of $0.4 million.
[7] n November 2013, we extinguished the remaining $19.3 million of principal on the mortgage note secured by Woodholme Medical Office Center, with extinguishment costs of $1.8 million.
[8] n January 2013, we extinguished without penalty the remaining $30.0 million of principal on the mortgage note secured by West Gude Drive.
[9] Each of these mortgages was assumed with the acquisition of the collateralized properties, except for the mortgage notes secured by 3801 Connecticut Avenue, Walker House, Bethesda Hill, Kenmore Apartments, and the construction loan secured by the development project at 650 North Glebe Road, which were originally executed by WRIT. We record mortgages assumed in an acquisition at fair value, and balances presented include any recorded premiums or discounts.