XML 37 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Real Estate Acquisitions and Contingent Liability (Details) (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2014
item
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Jun. 30, 2014
Consolidated JV
Minimum
Jun. 30, 2014
Total Wine and More retail store, Greensboro, North Carolina
Jun. 30, 2014
Chuck E Cheese restaurant, Indianapolis, Indiana
Jun. 30, 2014
Savers Thrift Superstore, Highlands Ranch, Colorado
Jun. 30, 2014
Hobby Lobby retail store, Woodbury, Minnesota
Jun. 30, 2014
Land - River Crossing Apartments, Sandy Springs, Georgia
Jun. 30, 2014
Land - River Crossing Apartments, Sandy Springs, Georgia
item
Jun. 30, 2014
Land - River Crossing Apartments, Sandy Springs, Georgia and Noxell Corporation industrial building, Joppa, Maryland
Jun. 30, 2014
Noxell Corporation industrial building, Joppa, Maryland
Jun. 30, 2014
Noxell Corporation industrial building, Joppa, Maryland
Consolidated JV
Jun. 30, 2014
Subtotals
Jun. 30, 2014
Other (e)
Jun. 30, 2014
Other (c)
Real Estate Acquisitions                                    
Contract Purchase Price     $ 32,864,000       $ 2,971,000 $ 2,138,000 $ 4,825,000 $ 4,770,000 $ 6,510,000 $ 6,510,000   $ 11,650,000        
Third Party Real Estate Acquisition Costs 88,000 126,000 128,000 277,000     20,000 9,000 45,000 13,000             41,000  
Allocation of purchase price for the company's real estate acquisitions                                    
Land 15,713,000   15,713,000       1,046,000 853,000 2,231,000 1,190,000 6,516,000 6,516,000   3,803,000   15,639,000   74,000
Building 17,131,000   17,131,000       1,468,000 1,321,000 2,614,000 3,667,000       7,991,000   17,061,000   70,000
Building Improvements 1,009,000   1,009,000       83,000 145,000 277,000 335,000       151,000   991,000   18,000
Intangible Lease Asset 1,989,000   1,989,000       374,000 94,000 846,000 734,000           2,048,000   (59,000)
Intangible Lease Liability (2,671,000)   (2,671,000)         (275,000) (1,143,000) (1,156,000)           (2,574,000)   (97,000)
Total 33,171,000   33,171,000       2,971,000 2,138,000 4,825,000 4,770,000 6,516,000 6,516,000   11,945,000   33,165,000   6,000
Capitalized transaction costs incurred with the asset acquisition                     6,000 6,000 301,000 295,000        
Ownership interest in consolidated joint venture of the company (as a percent)           85.00%                 95.00%      
Contributions from non-controlling interests     306,000   480,000                   306,000      
Ownership interest in consolidated joint venture of non-controlling interest (as a percent)                             5.00%      
Number of apartment units in the complex purchased                       196            
Cash reserve 1,894,000   1,894,000                              
Amount of mortgage to owner/operator                       $ 16,230,000            
Weighted average amortization period for intangible lease assets                               7 years 8 months 12 days    
Weighted average amortization period for intangible lease liabilities                               8 years 4 months 24 days    
Number of properties acquired 4