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Fair Value Disclosures (Tables) | 6 Months Ended
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Jun. 30, 2014
Fair Value Disclosures [Abstract] |
Net Book Values and Estimated Fair Values of Notes Payable | At June 30, 2014 and December 31, 2013, as required by ASC 820, Financial Instruments, the following presents net book values and estimated fair values of notes payable (in thousands):
|  |  |  |  | June 30, 2014 |  |  |  | December 31, 2013 |
|  | Hierarchy |  | Cost |  |  | Fair Value |  |  | Cost |  |  | Fair Value |
Notes payable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unsecured revolving credit facility |  | Level 2 |  | $ | 210,000 |  |  | $ | 210,000 |  |  | $ | — |  |  | $ | — |
Secured revolving credit facilities |  | Level 3 |  |  | — |  |  |  | — |  |  |  | 90,689 |  |  |  | 90,689 |
Seller financed loans |  | Level 3 |  |  | 17,128 |  |  |  | 17,128 |  |  |  | — |  |  |  | — |
Acquisition and development loans |  | Level 3 |  |  | — |  |  |  | — |  |  |  | 31,591 |  |  |  | 31,591 |
Construction loans |  | Level 3 |  |  | — |  |  |  | — |  |  |  | 15,832 |  |  |  | 15,832 |
Total notes payable |  |  |  | $ | 227,128 |  |  | $ | 227,128 |  |  | $ | 138,112 |  |  | $ | 138,112 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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