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Commitments and Contingencies (UNITED DOMINION REALTY, L.P.) Commitments and Contingencies (UNITED DOMINION REALTY, L.P.) | 9 Months Ended
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Sep. 30, 2014
Entity Information [Line Items] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments Real Estate Under Development The following summarizes the Company’s real estate commitments at September 30, 2014 (dollars in thousands):
| Number of Properties |  | Costs Incurred to Date (a) |  | Expected Costs to Complete |  | Average Ownership Stake
Wholly-owned — under development | 3 |  | $ | 321,607 |  | (b) | $ | 78,793 |  |  | 100 | %
Wholly-owned — redevelopment | 1 |  | 80,619 |  | (b) | 17,381 |  |  | 100 | %
Joint ventures: |  |  |  |  |  |  |
Unconsolidated joint ventures | 2 |  | 158,986 |  |  | 143,981 |  | (c) | 51 | %
Participating loan investments | 1 |  | 43,822 |  | (d) | 48,187 |  | (e) | 0 | %
|  |  | $ | 605,034 |  |  | $ | 288,342 |  |  |
(a) | Represents 100% of project costs incurred to date.
(b) | Costs incurred to date include $26.8 million and $2.1 million of accrued fixed assets for development and redevelopment, respectively.
(c) | Represents UDR’s contributed and remaining equity commitment in unconsolidated joint ventures.
(d) | Represents the participating loan balance funded as of September 30, 2014.
(e) | Represents UDR’s remaining participating loan commitment for Steele Creek.
Contingencies Litigation and Legal Matters The Company is subject to various legal proceedings and claims arising in the ordinary course of business. The Company cannot determine the ultimate liability with respect to such legal proceedings and claims at this time. The Company believes that such liability, to the extent not provided for through insurance or otherwise, will not have a material adverse effect on our financial condition, results of operations or cash flow.
United Dominion Reality L.P. [Member] |
Entity Information [Line Items] |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments Real Estate Under Development The following summarizes the Operating Partnership’s real estate commitments at September 30, 2014 (dollars in thousands):
| Number of Properties |  | Costs Incurred to Date (a) |  | Expected Costs to Complete (unaudited)
Real estate communities — under development | 1 |  | $ | 119,828 |  |  | $ | 12,172 |
(a) Includes $7.0 million of accrued fixed assets for development. Contingencies Litigation and Legal Matters The Operating Partnership is subject to various legal proceedings and claims arising in the ordinary course of business. The Operating Partnership cannot determine the ultimate liability with respect to such legal proceedings and claims at this time. The General Partner believes that such liability, to the extent not provided for through insurance or otherwise, will not have a material adverse effect on the Operating Partnership’s financial condition, results of operations or cash flow.

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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 + Details
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