XML 60 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Real Estate Acquisitions (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Real Estate Acquisitions |
Schedule of the Company's real estate acquisitions | The following chart details the Company’s real estate acquisitions during the three months ended March 31, 2014 (amounts in thousands):
Description of Property |  | Date Acquired |  | Contract Purchase Price |  | Terms of Payment |  | Third Party Real Estate Acquisition Costs (a) |
Total Wine and More retail store, Greensboro, North Carolina |  | January 21, 2014 |  | $ | 2,971 |  | All cash |  | $ | 7 |
Chuck E Cheese restaurant, Indianapolis, Indiana |  | January 23, 2014 |  | 2,138 |  | All cash |  | 9 |
Other (b) |  |  |  | — |  |  |  | 24 |
Totals |  |  |  | $ | 5,109 |  |  |  | $ | 40 |
(a) Included as an expense in the accompanying consolidated statement of income. (b) Costs incurred for potential acquisitions and properties purchased in 2013.
Schedule of allocation of purchase price for the company's real estate acquisitions | The following chart provides the allocation of the purchase price for the Company’s real estate acquisitions during the three months ended March 31, 2014 (amounts in thousands):
|  |  |  |  |  | Building |  | Intangible Lease |  |  |
Description of Property |  | Land |  | Building |  | Improvements |  | Asset |  | Liability |  | Total |
Total Wine and More retail store, Greensboro, North Carolina |  | $ | 1,044 |  | $ | 1,465 |  | $ | 89 |  | $ | 373 |  | $ | — |  | $ | 2,971 |
Chuck E Cheese restaurant, Indianapolis, Indiana |  | 852 |  | 1,319 |  | 147 |  | 94 |  | (274 | ) | 2,138 |
Subtotals |  | 1,896 |  | 2,784 |  | 236 |  | 467 |  | (274 | ) | 5,109 |
Other (a) |  | 74 |  | 70 |  | 18 |  | (59 | ) | (97 | ) | 6 |
Totals |  | $ | 1,970 |  | $ | 2,854 |  | $ | 254 |  | $ | 408 |  | $ | (371 | ) | $ | 5,115 |
(a) Adjustments relating to properties purchased in 2013.

X
- Details
Name: | olp_RealEstateAcquisitionAbstract
Namespace Prefix: | olp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate acquisitions during the period, including date purchased, contract price, terms of payment and third party acquisition costs. + References No definition available. + Details
Name: | olp_ScheduleOfRealEstateAcquisitionsDuringPeriodTableTextBlock
Namespace Prefix: | olp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration