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Mortgage Loans Payable And Credit Facility (Tables)
3 Months Ended
Mar. 31, 2014
Mortgage Loans Payable And Credit Facility [Abstract]  
Summary Of The Derivative Financial Instruments Held

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notional values

 

 

 

Balance

 

Fair value

Designation/

 

 

 

 

March 31,

 

 

 

December 31,

 

Maturity

 

sheet

 

March 31,

 

December 31,

Cash flow

Derivative

 

Count

 

2014

 

Count

 

2013

 

date

 

location

 

2014

 

2013

Qualifying

Interest rate swaps

 

 

$       75,000,000 

 

 -

 

$                     - 

 

2021

 

Other assets and deferred charges, net

 

$      589,000 

 

$                     - 

Qualifying

Interest rate swap

 

 

$       11,827,000 

(a)

 

$     11,894,000 

(a)

2018

 

Accounts payable and accrued liabilities

 

$      625,000 

 

$          647,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) At March 31, 2014 and December 31, 2013, amounts are interest rate swaps related to mortgage loans payable - real estate held for sale/conveyance on the consolidated balance sheets.

 

Effect Of The Derivative Financial Instruments On The Consolidated Statements Of Operations And Consolidated Statements Of Equity

 

 

 

 

 

 

 

 

 

Net amount of gain recognized in other

 

 

 

comprehensive income (effective portion)

Designation/

 

 

Three months ended March 31,

Cash flow

Derivative

 

2014

 

2013

 

 

 

 

 

 

Qualifying (a)

Interest rate swaps

 

$                       688,000 

 

$                       340,000 

 

 

 

 

 

 

(a) For the three months ended March 31, 2014 and March 31, 2013, $77,000 and $252,000, respectively, were reclassified from other comprehensive income to interest expense in the consolidated statements of operations. Additionally, for the three months ended March 31, 2014 and March 31, 2013, $76,000 and $77,000, respectively, were reclassified from other comprehensive income to interest expense, which is included in discontinued operations.