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Variable Interest Entities | 3 Months Ended
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Mar. 31, 2016
Variable Interest Entities [Abstract] |
Variable Interest Entities | Variable Interest Entities During the year ended December 31, 2015, the Operating Partnership adopted ASU No. 2015-02, "Consolidation (Topic 810) - Amendments to the Consolidation Analysis,” which modified the analysis it must perform to determine whether it should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for VIEs or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, the Other Real Estate Partnerships are variable interest entities of the Operating Partnership and the Operating Partnership is the primary beneficiary, thus causing the Other Real Estate Partnerships to be consolidated by the Operating Partnership. In addition, the Operating Partnership is a VIE of the Company under the revised guidance and the Company is the primary beneficiary. Because the Operating Partnership was already consolidated in the balance sheets of the Company, the revised guidance has no impact on the consolidated financial statements of the Company. There were no other legal entities qualifying under the scope of the revised guidance that were consolidated as a result of the adoption. In addition, there were no voting interest entities under prior existing guidance determined to be VIEs under the revised guidance. The following table summarizes the assets and liabilities of the Other Real Estate Partnerships included in our consolidated balance sheets:
| March 31, 2016 |  | December 31, 2015
ASSETS |  |  |
Assets: |  |  |
Net Investment in Real Estate | $ | 304,246 |  |  | $ | 306,866 |
Other Assets, Net | 20,524 |  |  | 20,104 |
Total Assets | $ | 324,770 |  |  | $ | 326,970 |
LIABILITIES AND PARTNERS’ CAPITAL |  |  |
Liabilities: |  |  |
Mortgage Loans Payable, Net | $ | 71,415 |  |  | $ | 77,071 |
Other Liabilities, Net | 38,404 |  |  | 43,103 |
Partners’ Capital | 214,951 |  |  | 206,796 |
Total Liabilities and Partners’ Capital | $ | 324,770 |  |  | $ | 326,970 |

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- Definition Variable Interest Entities [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=52262685&loc=SL6759159-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=52262685&loc=d3e5728-111685 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=52262685&loc=d3e5710-111685 + Details
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