XML 66 R50.htm IDEA: XBRL DOCUMENT
v3.19.1

Contingencies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Guarantees | The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018:
|  | As of March 31, 2019 |  | Obligation Recorded to Reflect Guaranty
Unconsolidated Affiliate |  | Company's Ownership Interest |  | Outstanding Balance |  | Percentage Guaranteed by the Operating Partnership |  |  | Maximum Guaranteed Amount |  | Debt Maturity Date (1) |  | 3/31/2019 |  | 12/31/2018
West Melbourne I, LLC - Phase I (2) |  | 50% |  | $ | 40,392 |  |  | 50 | % |  |  | $ | 20,196 |  |  | Feb-2021 |  |  | $ | 202 |  |  | $ | 203 |
West Melbourne I, LLC - Phase II (2) |  | 50% |  | 15,917 |  |  | 50 | % |  |  | 7,959 |  |  | Feb-2021 |  |  | 80 |  |  | 80 |
Port Orange I, LLC |  | 50% |  | 54,908 |  |  | 50 | % |  |  | 27,454 |  |  | Feb-2021 |  |  | 275 |  |  | 280 |
Ambassador Infrastructure, LLC |  | 65% |  | 10,050 |  |  | 100 | % |  |  | 10,050 |  |  | Aug-2020 |  |  | 101 |  |  | 106 |
Shoppes at Eagle Point, LLC |  | 50% |  | 35,189 |  |  | 35 | % | (3) |  | 12,740 |  |  | Oct-2020 | (4) |  | 127 |  |  | 364 |
EastGate Storage, LLC |  | 50% |  | 5,920 |  |  | 100 | % | (5) |  | 6,500 |  |  | Dec-2022 |  |  | 65 |  |  | 65 |
Self Storage at Mid Rivers, LLC |  | 50% |  | 4,662 |  |  | 100 | % | (6) |  | 5,987 |  |  | Apr-2023 |  |  | 60 |  |  | 60 |
|  |  |  |  |  | Total guaranty liability |  |  | $ | 910 |  |  | $ | 1,158 |
(1) | Excludes any extension options.
(2) | The loan is secured by Hammock Landing - Phase I and Hammock Landing - Phase II, respectively.
(3) | The guaranty was reduced to 35% once construction was completed during the first quarter of 2019.
(4) | The loan has one two-year extension option, at the joint venture's election, for an outside maturity date of October 2022.
(5) | Once construction is complete, the guaranty will be reduced to 50%. The guaranty will be further reduced to 25% once certain debt and operational metrics are met.
(6) | The Company received a 1% fee for the guaranty when the loan was issued in April 2018. The guaranty will be reduced to 50% once construction is complete. The guaranty will be further reduced to 25% once certain debt and operational metrics are met.

X
- References No definition available. + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14472-108349 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14326-108349 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14453-108349 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14615-108349 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=115931803&loc=d3e12021-110248 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14394-108349 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=115931803&loc=d3e12053-110248 + Details
Name: | us-gaap_ScheduleOfLossContingenciesByContingencyTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration