XML 77 R63.htm IDEA: XBRL DOCUMENT
v3.19.1

Investments in Joint Ventures (Details Narrative) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
May 31, 2016 USD ($) | Dec. 31, 2017 USD ($) | Mar. 31, 2016 USD ($) ft² a | Dec. 31, 2006 USD ($) | Dec. 31, 2018 USD ($) integer | Dec. 31, 2017 USD ($) | Dec. 24, 2018 a | Jan. 27, 2018 USD ($) integer | Sep. 28, 2017 USD ($) | Oct. 04, 2006 a
Company's share of the loss of the co-venture |  |  |  |  | $ 88 | $ 1,598 |  |  |  |
Joint Venture consolidated retained earnings |  | $ (2,638) |  |  | $ (2,702) | (2,638) |  |  |  |
Construction loan description |  |  |  |  | 5.6% to 7.9% mortgage notes due in installments through 2027 |  |  |  |  |
Outstanding balance |  | $ 29,664 |  |  | $ 0 | $ 29,664 |  |  |  |
Difference between capital recorded by the Company and the joint ventures |  |  |  |  | (11,398) |  |  |  |  |
BC FRP Realty, LLC |  |  |  |  |  |  |  |  |  |
Construction financing through September 15, 2022 |  |  |  |  |  |  |  |  | $ 17,250 |
Interest rate over LIBOR |  | 2.50% |  |  |  |  |  |  |  |
Outstanding balance |  |  |  |  | $ 9,568 |  |  |  |  |
Eagle Bank RiverFront Holdings II |  |  |  |  |  |  |  |  |  |
Construction loan description |  |  |  |  | The loan from Eagle Bank allows draws of up to $71 million during construction at an interest rate of 3.25% over libor. The loan is interest only and matures in 36 months with a 12 month extension assuming completion of construction and at least one occupancy.Â There is a provision for an additional 72 months extension with a 30 year amortization of principal at 2.15% over 7 year US Treasury Constant if NOI is sufficient for a 9% yield. |  |  |  |  |
Vulcan |  |  |  |  |  |  |  |  |  |
Equity ownership |  |  |  |  |  |  |  |  |  | 50.00%
Acres conributed | a |  |  |  |  |  |  |  |  |  | 553
Vulcan leasehold interest | a |  |  |  |  |  |  |  |  |  | 3,443
FRP additional contribution for land |  |  |  | $ 3,018 |  |  |  |  |  |
Additional land acquired | a |  |  |  |  |  |  |  |  |  | 288
St Johns Properties JV St Johns |  |  |  |  |  |  |  |  |  |
Value of land contributed |  |  | $ 3,240 |  |  |  |  |  |  |
Equity ownership |  |  | 50.00% |  |  |  |  |  |  |
Acres conributed | a |  |  | 10 |  |  |  |  |  |  |
MRP |  |  |  |  |  |  |  |  |  |
Cash contribution |  |  |  |  | $ 5,600 |  |  |  |  |
Development fee |  |  |  |  | $ 750 |  |  |  |  |
Brooksville Quarry LLC |  |  |  |  |  |  |  |  |  |
Land acreage | a |  |  |  |  |  |  |  |  |  | 4,300
Equity ownership |  | 50.00% |  |  | 50.00% | 50.00% |  |  |  | 50.00%
Acres conributed | a |  |  |  |  |  |  |  |  |  | 3,443
Book value of land contribution |  |  |  | 2,548 |  |  |  |  |  |
FRP additional contribution for land |  |  |  | $ 3,018 |  |  |  |  |  |
Additional land acquired | a |  |  |  |  |  |  |  |  |  | 288
Company's share of the loss of the co-venture |  |  |  |  | $ 61 | $ 40 |  |  |  |
BC FRP Realty, LLC |  |  |  |  |  |  |  |  |  |
Square feet | ft² |  |  | 329,000 |  |  |  |  |  |  |
Value of land contributed |  |  | $ 7,500 |  |  |  |  |  |  |
Equity ownership |  | 50.00% | 50.00% |  | 50.00% | 50.00% |  |  |  |
Distribution received | $ 2,130 |  |  |  |  |  |  |  |  |
Acres conributed | a |  |  | 25 |  |  |  |  |  |  |
Company's share of the loss of the co-venture |  |  |  |  | $ 0 | $ 0 |  |  |  |
Essexshire Loan |  |  |  |  |  |  |  |  |  |
Company's share of the loss of the co-venture |  |  |  |  | (39) |  |  |  |  |
Equity method loan balance |  |  |  |  | 594 |  |  |  |  |
Loan commitment |  |  |  |  | $ 9,200 |  |  | $ 9,200 |  |
Interest rate |  |  |  |  | 10.00% |  |  |  |  |
Preferred return |  |  |  |  | 20.00% |  |  |  |  |
No. of townhomes | integer |  |  |  |  | 125 |  |  | 125 |  |
No. Single family homes | integer |  |  |  |  | 4 |  |  | 4 |  |
RiverFront Holdings II, LLC |  |  |  |  |  |  |  |  |  |
Value of land contributed |  |  |  |  | $ 16,300 |  |  |  |  |
Equity ownership |  |  |  |  | 80.00% |  |  |  |  |
Book value of land contribution |  |  |  |  | $ 4,600 |  |  |  |  |
Company's share of the loss of the co-venture |  |  |  |  | 66 |  |  |  |  |
Cash contribution |  |  |  |  | $ 6,200 |  |  |  |  |
Interest rate |  |  |  |  | 7.50% |  |  |  |  |
Preferred equity financing agreement |  |  |  |  | $ 13,750 |  |  |  |  |
Preferred equity financing advanced |  |  |  |  | $ 8,723 |  |  |  |  |
Bryant Street Partnerships |  |  |  |  |  |  |  |  |  |
Land acreage | a |  |  |  |  |  |  | 5 |  |  |
Equity ownership |  |  |  |  | 61.36% |  | 61.36% |  |  |
Company's share of the loss of the co-venture |  |  |  |  | $ 0 |  |  |  |  |
Cash contribution |  |  |  |  | $ 32,000 |  |  |  |  |
Interest rate |  |  |  |  | 8.00% |  |  |  |  |
Preferred equity financing advanced |  |  |  |  | $ 23,000 |  |  |  |  |

X
- References No definition available. + Details
Name: | FRPH_AreaOfLandAcquired
Namespace Prefix: | FRPH_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_AreaofLandContributed
Namespace Prefix: | FRPH_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_ContributionofLand2
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentCashInvested
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentInterestRatePercentage
Namespace Prefix: | FRPH_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentLoanBalance
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentLoanCommitment
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentNumberofHomes
Namespace Prefix: | FRPH_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentNumberofTownhomes
Namespace Prefix: | FRPH_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentPreferredEquityFinancing
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentPreferredEquityFinancingAdvanced
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_EquityMethodInvestmentPreferredReturnPercentage
Namespace Prefix: | FRPH_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_LeaseholdInterest
Namespace Prefix: | FRPH_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- References No definition available. + Details
Name: | FRPH_OtherOwnersshipDevelopmentFee
Namespace Prefix: | FRPH_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Area of land held. + References No definition available. + Details
Name: | us-gaap_AreaOfLand
Namespace Prefix: | us-gaap_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition Area of a real estate property. + References No definition available. + Details
Name: | us-gaap_AreaOfRealEstateProperty
Namespace Prefix: | us-gaap_
Data Type: | num:areaItemType
Balance Type: | na
Period Type: | instant

X
- Definition This element represents the noncurrent portion of a long-term real estate loan to finance building costs. The funds are disbursed as needed or in accordance with a prearranged plan; generally, a portion of the funds is disbursed at inception and the remainder as construction progresses. The money is repaid on completion of the project (generally one to seven years), usually from the proceeds of a mortgage loan. The rate is normally higher than the prime rate, and there is usually an origination fee. The effective yield on these loans tends to be high, and the lender has a security interest in the real property. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ConstructionLoanNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Value of property contributed in noncash investing and financing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4332-108586 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4313-108586 + Details
Name: | us-gaap_ContributionOfProperty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Difference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of distribution received from equity method investee for return on investment, classified as operating activities. Excludes distribution for return of investment, classified as investing activities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 21D -URI http://asc.fasb.org/extlink&oid=109223946&loc=SL94080555-108585 + Details
Name: | us-gaap_EquityMethodInvestmentDividendsOrDistributions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(12)) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(10)) -URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(13)(f)) -URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Description of long-term debt arrangements, which are debt arrangements that originally require full repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer, and disclosures pertaining to the underlying arrangements, including repayment terms, conversion features, interest rates, restrictions on assets and activities, debt covenants, and other matters important to users of the financial statements. Types of long-term debt arrangements include borrowing under notes payable, bonds payable, debentures, term loans, and other contractual obligations for payment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The cash outflow from the acquisition of real estate intended to generate income for the owner; excludes land acquired for use by the owner. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireLand
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of consolidated retained earnings that represent undistributed (not yet received) earnings from 50% or less owned persons accounted for by the equity method (equity method investees). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 852 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6462270&loc=d3e57205-112772 + Details
Name: | us-gaap_RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=FRPH_BCFRPRealtyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=FRPH_EagleBankRiverFrontHoldingIIMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=FRPH_VulcanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=FRPH_StJohnsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=FRPH_MRPMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=FRPH_BrooksvilleJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=FRPH_BCFRPRealtyJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=FRPH_EssexshireLoanJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=FRPH_RiverFrontHoldingsIIJointVentureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=FRPH_BryantStreetPartnershipsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |