XML 49 R11.htm IDEA: XBRL DOCUMENT
v2.3.0.15

Combining Statements Of Revenue And Certain Expenses (CS) (USD $) In Thousands | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 31, 2011 Crestmont Apartments [Member] | Mar. 31, 2010 Crestmont Apartments [Member] | Dec. 31, 2008 Crestmont Apartments [Member] | Dec. 31, 2010 Crestmont Apartments [Member] | Dec. 31, 2009 Crestmont Apartments [Member] | Mar. 31, 2011 Cumberland Glen Apartments [Member] | Mar. 31, 2010 Cumberland Glen Apartments [Member] | Dec. 31, 2008 Cumberland Glen Apartments [Member] | Dec. 31, 2010 Cumberland Glen Apartments [Member] | Dec. 31, 2009 Cumberland Glen Apartments [Member] | Mar. 31, 2011 Copper Mill Apartments [Member] | Mar. 31, 2010 Copper Mill Apartments [Member] | Dec. 31, 2008 Copper Mill Apartments [Member] | Dec. 31, 2010 Copper Mill Apartments [Member] | Dec. 31, 2009 Copper Mill Apartments [Member] | Mar. 31, 2011 Heritage Trace Apartments [Member] | Mar. 31, 2010 Heritage Trace Apartments [Member] | Dec. 31, 2008 Heritage Trace Apartments [Member] | Dec. 31, 2010 Heritage Trace Apartments [Member] | Dec. 31, 2009 Heritage Trace Apartments [Member] | Mar. 31, 2011 Belle Creek Apartments [Member] | Mar. 31, 2010 Belle Creek Apartments [Member] | Dec. 31, 2010 Belle Creek Apartments [Member] | Dec. 31, 2009 Belle Creek Apartments [Member] | Mar. 31, 2011 Tresa at Arrowhead [Member] | Mar. 31, 2010 Tresa at Arrowhead [Member] | Dec. 31, 2010 Tresa at Arrowhead [Member] | Dec. 31, 2009 Tresa at Arrowhead [Member] | Mar. 31, 2011 Total [Member] | Mar. 31, 2010 Total [Member] | Dec. 31, 2008 Total [Member] | Dec. 31, 2010 Total [Member] | Dec. 31, 2009 Total [Member]
REVENUE: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental income | $ 383,077 | $ 357,478 | $ 365,887 | $ 1,514,584 | $ 1,518,638 | $ 393,617 | $ 335,159 | $ 390,488 | $ 1,482,548 | $ 1,464,270 | $ 517,154 | $ 498,210 | $ 527,796 | $ 2,049,063 | $ 2,066,925 | $ 379,437 | $ 377,305 | $ 294,705 | $ 1,503,229 | $ 1,388,261 | $ 337,835 | $ 292,281 | $ 1,297,276 | $ 1,084,149 | [1] | $ 732,079 | $ 695,195 | $ 2,713,665 | $ 459,585 | [2] | $ 2,743,199 | $ 2,555,628 | $ 1,578,876 | $ 10,560,365 | $ 7,981,828
Reimbursement income | 28,736 | 25,201 | 20,622 | 110,323 | 94,716 | 24,290 | 24,689 | 13,594 | 110,785 | 84,963 | 36,861 | 13,444 | 21,618 | 103,162 | 174,362 | 18,777 | 16,111 | 5,236 | 64,252 | 41,513 | 22,261 | 17,355 | 86,102 | 23,949 | [1] | 41,082 | 35,770 | 152,899 | 19,507 | [2] | 172,007 | 132,570 | 61,070 | 627,523 | 439,010
Lease termination and late fees | 7,752 | 23,216 | 27,831 | 114,271 | 146,892 | 7,644 | 28,541 | 17,527 | 117,218 | 105,493 | 12,176 | 68,008 | 14,621 | 285,261 | 164,038 | 7,037 | 29,881 | 15,388 | 121,951 | 69,505 | 5,207 | 5,295 | 31,974 | 7,679 | [1] | 14,637 | 8,079 | 43,982 | 5,454 | [2] | 54,453 | 163,020 | 75,367 | 714,657 | 499,061
Other Income | 15,648 | 35,929 | 18,324 | 105,804 | 105,748 | 10,286 | 32,151 | 12,281 | 140,145 | 61,078 | 25,168 | 47,570 | 46,664 | 168,206 | 102,202 | 18,985 | 20,293 | 12,602 | 130,439 | 55,528 | 14,611 | 13,536 | 40,381 | 24,435 | [1] | 43,400 | 58,069 | 170,811 | 39,740 | [2] | 128,098 | 207,548 | 89,871 | 755,786 | 388,731
Total revenue | 435,213 | 441,824 | 432,664 | 1,844,982 | 1,865,994 | 435,837 | 420,540 | 433,890 | 1,850,696 | 1,715,804 | 591,359 | 627,232 | 610,699 | 2,605,692 | 2,507,527 | 424,236 | 443,590 | 327,931 | 1,819,871 | 1,554,807 | 379,914 | 328,467 | 1,455,733 | 1,140,212 | [1] | 831,198 | 797,113 | 3,081,357 | 524,286 | [2] | 3,097,757 | 3,058,766 | 1,805,184 | 12,658,331 | 9,308,630
CERTAIN EXPENSES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Costs and Expenses | 145,586 | 159,246 | 167,494 | 734,077 | 897,545 | 173,692 | 154,106 | 153,618 | 725,037 | 971,801 | 317,680 | 257,910 | 218,191 | 1,275,706 | 1,799,078 | 169,769 | 158,822 | 122,394 | 784,251 | 1,098,635 | 123,357 | 123,476 | 494,435 | 439,564 | [1] | 217,623 | 284,387 | 1,019,627 | 189,596 | [2] | 1,147,707 | 1,137,947 | 661,697 | 5,033,133 | 5,396,219
Taxes and insurance | 44,150 | 54,503 | 51,923 | 212,338 | 208,624 | 62,572 | 70,194 | 57,372 | 243,076 | 262,320 | 76,019 | 72,726 | 81,957 | 283,612 | 278,186 | 50,711 | 36,745 | 44,657 | 178,137 | 163,430 | 41,727 | 42,655 | 179,381 | 134,569 | [1] | 91,479 | 150,119 | 400,231 | 108,346 | [2] | 366,658 | 426,942 | 235,909 | 1,496,775 | 1,155,475
Management fees | 13,205 | 15,816 | 16,189 | 83,778 | 67,502 | 12,411 | 15,963 | 16,773 | 82,214 | 63,381 | 16,762 | 21,773 | 22,777 | 108,307 | 87,229 | 12,188 | 16,444 | 12,235 | 77,740 | 59,329 | 13,319 | 12,116 | 51,188 | 39,325 | [1] | 27,059 | 20,356 | 89,298 | 16,603 | [2] | 94,944 | 102,468 | 67,974 | 492,525 | 333,369
Allowance for Loan and Lease Losses, Recoveries of Bad Debts | 7,755 | 37,614 | 18,416 | 159,376 | 204,118 | 13,838 | 34,383 | 15,015 | 166,489 | 133,801 | 20,003 | 112,212 | 12,070 | 388,005 | 301,171 | 14,943 | 31,727 | 31,560 | 154,934 | 82,756 |  | 9,197 | 15,812 | 13,068 | [1] | 7,372 | 6,829 | 11,193 | 3,006 | [2] | 63,911 | 231,962 | 77,061 | 895,809 | 737,920
Operating Expenses, Total | 210,696 | 267,179 | 254,022 | 1,189,569 | 1,377,789 | 262,513 | 274,646 | 242,778 | 1,216,816 | 1,431,303 | 430,464 | 464,621 | 334,995 | 2,055,630 | 2,465,664 | 247,611 | 243,738 | 210,846 | 1,195,062 | 1,404,150 | 178,403 | 187,444 | 740,816 | 626,526 | [1] | 343,533 | 461,691 | 1,520,349 | 317,551 | [2] | 1,673,220 | 1,899,319 | 1,042,641 | 7,918,242 | 7,622,983
Revenue in excess of certain expenses | $ 224,517 | $ 174,645 | $ 178,642 | $ 655,413 | $ 488,205 | $ 173,324 | $ 145,894 | $ 191,112 | $ 633,880 | $ 284,501 | $ 160,895 | $ 162,611 | $ 275,704 | $ 550,062 | $ 41,863 | $ 176,625 | $ 199,852 | $ 117,085 | $ 624,809 | $ 150,657 | $ 201,511 | $ 141,023 | $ 714,917 | $ 513,686 | [1] | $ 487,665 | $ 335,422 | $ 1,561,008 | $ 206,735 | [2] | $ 1,424,537 | $ 1,159,447 | $ 762,543 | $ 4,740,089 | $ 1,685,647
[1] | For the period from February 19, 2009 (the date of acquisition by RAIT Financial Trust) through December 31, 2009.
[2] | For the period from October 13, 2009 (the date of acquisition by RAIT Financial Trust) through December 31, 2009.

X
- Definition Reflects the amount charged against earnings during the period as bad debt expense, net of recoveries of previously expensed credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.7(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 114 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 9 -Section 03 -Paragraph 7 -Subparagraph d Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5212-111524 + Details
Name: | us-gaap_AllowanceForLoanAndLeaseLossesProvisionForLossNet
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total amount of contractually specified servicing fees, late fees, and ancillary fees earned for each period for which results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6863725&loc=d3e122596-111746 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 140 -Paragraph 17 -Subparagraph c -Clause 3 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph h -Subparagraph 1(i) Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. + Details
Name: | us-gaap_OperatingCostsAndExpenses
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. + Details
Name: | us-gaap_OperatingExpenses
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 5 -Section 03 -Paragraph 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_OtherCostAndExpenseOperating
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_OtherExpensesAbstract
Namespace Prefix: | us-gaap
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 7 -Section 04 -Paragraph 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.4) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 + Details
Name: | us-gaap_OtherIncome
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate revenue from real estate operations during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 5 -Section 03 -Paragraph 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_RealEstateRevenueNet
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate total of real estate taxes and insurance expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.6) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6419918&loc=d3e35301-107843 + Details
Name: | us-gaap_RealEstateTaxesAndInsurance
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_RevenueRecognitionAbstract
Namespace Prefix: | us-gaap
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 5 -Section 03 -Paragraph 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(e)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_TenantReimbursements
Namespace Prefix: | us-gaap
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration