XML 39 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3

Real Estate Acquisitions (Tables)

3 Months Ended

Mar. 31, 2016

Real Estate Acquisitions

Schedule of the Company's acquisitions of real estate

The following chart details the Company’s acquisitions of real estate during the three months ended March 31, 2016 (amounts in thousands):

Description of Property		Date Acquired		Contract Purchase Price			Terms of Payment		Third Party Real Estate Acquisition Costs (a)
Multi-tenant industrial facility, Greenville, SC (b)		March 30, 2016		$	8,100		All cash		$	85
Multi-tenant industrial facility, Greenville, SC (b)		March 30, 2016		8,950			All cash		87
Other costs (c)				—					32
Totals				$	17,050				$	204

(a)	Included as an expense in the accompanying consolidated statement of income.
(b)	These properties are adjacent to one another.
(c)	Costs incurred for properties purchased in 2015, potential acquisitions and transactions that were not consummated.

Schedule of allocation of purchase price for the company's acquisitions of real estate

The following chart provides the preliminary allocation of the purchase price for the Company’s acquisitions of real estate during the three months ended March 31, 2016 (amounts in thousands):

								Building			Intangible Lease
Description of Property		Land			Building			Improvements			Asset			Liability			Total
Multi-tenant industrial facility, Greenville, SC		$	693		$	6,716		$	175		$	516		$	—		$	8,100
Multi-tenant industrial facility, Greenville, SC		528			7,894			181			443			(96		)	8,950
Totals		$	1,221		$	14,610		$	356		$	959		$	(96	)	$	17,050

X

- Definition

Real Estate Acquisitions and Contingent Liability

+ References

No definition available.

+ Details

Name:	olp_RealEstateAcquisitionsAndContingentLiabilityDisclosureAbstract
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=56956791&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration