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Real Estate Agreements | 3 Months Ended
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Jun. 30, 2017
Real Estate [Abstract] |
15. Real Estate Agreements | In February 2017, Real Estate entered into an agreement with a qualified intermediary related to a potential 1031 Exchange. The qualified intermediary formed an LLC to facilitate the reverse exchange portion of the 1031 Exchange, which was determined to be a VIE. Real Estate was deemed to be the primary beneficiary of this VIE as it has the ability to direct the activities that most significantly impact its economic performance and has all of the risks and rewards of ownership. Accordingly, Real Estate consolidated this VIE. As of June 30, 2017, Real Estate had loa ned $60.5 million to the VIE for the purchase of the replacement properties. The sale of the relinquished property had not been completed as of this filing, and as such, the acquired properties remained in the possession of the VIE. At the earlier of the sale of the relinquished property or 180 days from the acquisition date of each replacement property, the sole membership interest in each property held within the VIE will be assigned to Real Estate in satisfaction of the outstanding loan, resulting in t he property being wholly owned by Real Estate.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 + Details
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