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Acquisitions (Details Textuals) (USD $)
9 Months Ended 9 Months Ended 9 Months Ended 1 Months Ended
Sep. 30, 2013
building
sqft
Sep. 30, 2013
In-Place Leases [Member]
Sep. 30, 2013
Above-Market Leases [Member]
Sep. 30, 2013
Deferred Leasing Costs [Member]
Sep. 30, 2013
6.05% Mortgage Payable Due June 1, 2019 [Member]
Kilroy Realty, L.P. [Member]
Secured Debt [Member]
Sep. 30, 2013
Office Properties Acquisitions [Member]
building
Sep. 30, 2013
320 & 321 Westlake Terry, Seattle WA [Member]
building
Sep. 30, 2013
12780 and 12790 El Camino Real, Sandiego, CA [Member]
acre
building
Jun. 27, 2013
Redwood City Partners, LLC [Member]
acre
sqft
Sep. 30, 2013
Purchase Price Of Business Combination [Member]
Assets, Total [Member]
Office Properties Acquisitions [Member]
Sep. 30, 2013
Purchase Price Of Business Combination [Member]
Assets, Total [Member]
320 & 321 Westlake Terry, Seattle WA [Member]
Oct. 29, 2013
Subsequent Event [Member]
acre
Business Acquisition [Line Items]                        
Number of buildings 14         4 2 [1],[2] 2 [3]        
Concentration risk, percentage                   10.00% 5.00%  
Principal amount of secured debt         $ 83,900,000              
Debt premium         11,600,000              
Deferred leasing costs and acquisition-related intangible assets   19,600,000 3,200,000 7,900,000   30,789,000 [4],[5]            
Weighted average amortization period in years for deferred leasing and acquisition-related intangible assets   4 years 8 months 0 days 6 years 1 month 0 days 5 years 11 months 0 days                
Below Market Lease, Acquired 4,200,000                      
Weighted average amortization period in years for acquisition-related liabilities 7 years 8 months 0 days                      
Area of real estate property 1,159,185               300,000      
Payments to acquire land               $ 9,400,000       $ 17,000,000
Area of land               4.2 0.35     2.0
[1] We acquired these properties through a new special purpose entity wholly owned by the Finance Partnership.
[2] In connection with this acquisition, we assumed secured debt with an outstanding principal balance of $83.9 million that was recorded at fair value on the acquisition date, resulting in a premium of approximately $11.6 million (see Note 5).
[3] As of September 30, 2013, these properties, together the “Heights of Del Mar” project, are temporarily being held in a separate VIE to facilitate potential Section 1031 Exchanges (see Note 1). The $126.4 million purchase price includes $9.4 million for 4.2 acres of undeveloped land the Company acquired in connection with this acquisition.
[4] The purchase price of the two acquisitions completed during the nine months ended September 30, 2013 were individually less than 5% and in aggregate less than 10% of the Company’s total assets as of September 30, 2013.
[5] Represents in-place leases (approximately $19.6 million with a weighted average amortization period of 4.7 years), above-market leases (approximately $3.2 million with a weighted average amortization period of 6.1 years), and leasing commissions (approximately $7.9 million with a weighted average amortization period of 5.9 years).