XML 68 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9
MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Details) (USD $)
12 Months Ended
Oct. 31, 2014
Oct. 31, 2013
Oct. 31, 2012
Debt Instrument [Line Items]      
Minimum effective interest rate (in hundredths) 2.80%us-gaap_DebtInstrumentInterestRateEffectivePercentageRateRangeMinimum    
Maximum effective interest rate (in hundredths) 11.30%us-gaap_DebtInstrumentInterestRateEffectivePercentageRateRangeMaximum    
Real estate investments held as collateral $ 333,000,000us-gaap_PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue    
Principal Repayments [Abstract]      
2014 7,253,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths    
2015 14,684,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo    
2016 49,524,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree    
2017 0us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour    
2018 26,879,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive    
Thereafter 78,565,000us-gaap_LongTermDebtMaturingInYearsFourAndFive    
Total principal repayments 176,905,000us-gaap_LongTermDebt    
Scheduled Amortization [Abstract]      
2014 4,591,000uba_ScheduledAmortizationInYearOne    
2015 4,597,000uba_ScheduledAmortizationInYearTwo    
2016 4,253,000uba_ScheduledAmortizationInYearThree    
2017 3,178,000uba_ScheduledAmortizationInYearFour    
2018 2,840,000uba_ScheduledAmortizationInYearFive    
Thereafter 8,783,000uba_ScheduledAmortizationThereafter    
Total scheduled amortization 28,242,000us-gaap_DebtInstrumentUnamortizedDiscountPremiumNet    
Total [Abstract]      
2014 11,844,000uba_TotalPrincipalAndAmortizationMaturingInYearOne    
2015 19,281,000uba_TotalPrincipalAndAmortizationMaturingInYearTwo    
2016 53,777,000uba_TotalPrincipalAndAmortizationMaturingInYearThree    
2017 3,178,000uba_TotalPrincipalAndAmortizationMaturingInYearFour    
2018 29,719,000uba_TotalPrincipalAndAmortizationMaturingInYearFive    
Thereafter 87,348,000uba_TotalPrincipalAndAmortizationMaturingThereafter    
Total principal and scheduled amortization of debt 205,147,000us-gaap_SecuredDebt 166,246,000us-gaap_SecuredDebt  
Interest paid 10,300,000us-gaap_InterestPaid 8,500,000us-gaap_InterestPaid 8,600,000us-gaap_InterestPaid
Real estate pledged as collateral at fair value 333,000,000us-gaap_PledgedAssetsSeparatelyReportedRealEstatePledgedAsCollateralAtFairValue    
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity 80,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Option, maximum borrowing capacity 125,000,000uba_LineOfCreditFacilityOptionMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Maturity date Sep. 21, 2016    
Number of syndicated banks 4uba_NumberOfSyndicatedBanks
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Optional extension period of credit facility 1 year    
Covenant terms The Company's ability to borrow under the Facility is subject to its compliance with the covenants and other restrictions on an ongoing basis. The principal financial covenants limit the Company's level of secured and unsecured indebtedness and additionally require the Company to maintain certain debt coverage ratios.    
Covenant compliance The Company was in compliance with such covenants at October 31, 2014.    
Minimum commitment fee (in hundredths) 0.25%uba_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageMinimum
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Maximum commitment fee (in hundredths) 0.35%uba_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageMaximum
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Extension period 1    
Borrowing on unsecured revolving credit facility used to finance investment 65,100,000us-gaap_ProceedsFromLinesOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
Repayments of borrowings on facility 58,800,000us-gaap_RepaymentsOfDebt
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar Rate Basis [Member]      
Line of Credit Facility [Line Items]      
Minimum basis spread on variable interest rate (in hundredths) 1.50%uba_DebtInstrumentBasisSpreadOnVariableRateMinimum
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
/ uba_VariableInterestRateBasisAxis
= uba_EurodollarRateBasisMember
   
Maximum basis spread on variable interest rate (in hundredths) 2.00%uba_DebtInstrumentBasisSpreadOnVariableRateMaximum
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
/ uba_VariableInterestRateBasisAxis
= uba_EurodollarRateBasisMember
   
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Prime Rate Basis [Member]      
Line of Credit Facility [Line Items]      
Basis spread on variable rate (in hundredths) 0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
/ uba_VariableInterestRateBasisAxis
= uba_PrimeRateBasisMember
   
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Letter of Credit [Member]      
Line of Credit Facility [Line Items]      
Maximum borrowing capacity 10,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyWellsFargoBankOfMontrealAndRegionsBankMember
   
The Bank of New York Mellon [Member] | Unsecured Term Loan [Member]      
Line of Credit Facility [Line Items]      
Mortgage Loans on Real Estate, Carrying Amount of Mortgages 25,000,000us-gaap_MortgageLoansOnRealEstateCarryingAmountOfMortgages
/ us-gaap_CreditFacilityAxis
= uba_UnsecuredTermLoanMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BankOfNewYorkMellonMember
   
Minimum basis spread on variable interest rate (in hundredths) 1.40%uba_DebtInstrumentBasisSpreadOnVariableRateMinimum
/ us-gaap_CreditFacilityAxis
= uba_UnsecuredTermLoanMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BankOfNewYorkMellonMember
   
Maximum basis spread on variable interest rate (in hundredths) 1.90%uba_DebtInstrumentBasisSpreadOnVariableRateMaximum
/ us-gaap_CreditFacilityAxis
= uba_UnsecuredTermLoanMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BankOfNewYorkMellonMember
   
Interest rate description Eurodollar rate plus 1.4% to 1.9%    
Extension period 6 months    
BNY and Wells Fargo Member [Member] | Unsecured Revolving Credit Agreement [Member]      
Line of Credit Facility [Line Items]      
Borrowing on unsecured revolving credit facility used to finance investment   38,400,000us-gaap_ProceedsFromLinesOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyAndWellsFargoMember
 
Repayments of borrowings on facility   40,700,000us-gaap_RepaymentsOfDebt
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= uba_BnyAndWellsFargoMember
 
Ferry Plaza Shopping Center [Member]      
Total [Abstract]      
Cost of installation of solar power system     1,700,000uba_CostOfInstallationOfSolarPowerSystem
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_FerryPlazaShoppingCenterMember
Retail Properties [Member]      
Total [Abstract]      
Stated interest rate (in hundredths) 4.20%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_RetailPropertiesMember
   
Loans Payable [Member] | Ferry Plaza Shopping Center [Member]      
Total [Abstract]      
Maturity date     Aug. 31, 2027
Proceeds from related party debt     1,100,000us-gaap_ProceedsFromRelatedPartyDebt
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LoansPayableMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_FerryPlazaShoppingCenterMember
Stated interest rate (in hundredths) 11.30%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_LoansPayableMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_FerryPlazaShoppingCenterMember
   
First Mortgage [Member] | Greenwich Properties [Member]      
Total [Abstract]      
Maturity date   Nov. 30, 2024  
Stated interest rate (in hundredths)   4.07%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_GreenwichPropertiesMember
 
First mortgage secured by property   24,500,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_GreenwichPropertiesMember
 
First Mortgage [Member] | New Providence Property [Member]      
Total [Abstract]      
Maturity date Jan. 31, 2022    
Stated interest rate (in hundredths)   4.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_NewProvidencePropertyMember
 
First mortgage secured by property   21,300,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_NewProvidencePropertyMember
 
First Mortgage [Member] | Veteran's Plaza Property [Member]      
Total [Abstract]      
Debt repaid at maturitiy 3,200,000us-gaap_ExtinguishmentOfDebtAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_VeteranSPlazaPropertyMember
   
First Mortgage [Member] | New Milford [Member]      
Total [Abstract]      
Maturity date     Oct. 31, 2012
Debt repaid at maturitiy     8,300,000us-gaap_ExtinguishmentOfDebtAmount
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_NewMilfordMember
First Mortgage [Member] | Eastchester, NY 2 [Member]      
Total [Abstract]      
Maturity date     Apr. 30, 2012
First mortgage secured by property   3,600,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_EastchesterNy2Member
 
First Mortgage [Member] | Orangeburg NY [Member]      
Debt Instrument [Line Items]      
Effective interest rate (in hundredths)   2.04%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_OrangeburgNyMember
 
Total [Abstract]      
Maturity date     Oct. 31, 2017
Stated interest rate (in hundredths)   6.19%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_OrangeburgNyMember
 
Period of extended loan     5 years
Adjusted fixed rate (in hundredths)   2.78%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_OrangeburgNyMember
 
First mortgage secured by property   7,400,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_OrangeburgNyMember
 
First Mortgage [Member] | Post Road Properties [Member]      
Total [Abstract]      
Maturity date   Aug. 31, 2016  
Stated interest rate (in hundredths)   4.00%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_PostRoadPropertiesMember
 
First mortgage secured by property   8,300,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_PostRoadPropertiesMember
 
First Mortgage [Member] | Retail Properties [Member]      
Total [Abstract]      
Maturity date Jan. 31, 2027    
Stated interest rate (in hundredths) 3.85%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_RetailPropertiesMember
   
First mortgage secured by property 62,700,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_RetailPropertiesMember
   
Monthly Mortgage Payment 294,000uba_MonthlyMortgagePayment
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_RetailPropertiesMember
   
Good Faith and Margin Deposits with Broker-Dealers 628,000us-gaap_GoodFaithAndMarginDepositsWithBrokerDealers
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_RetailPropertiesMember
   
First Mortgage [Member] | Boonton [Member]      
Total [Abstract]      
Maturity date Sep. 30, 2022    
Debt assumed on acquisition 7,800,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_BoontonMember
   
First Mortgage [Member] | Bloomfield [Member]      
Total [Abstract]      
Maturity date Aug. 31, 2016    
Debt assumed on acquisition 7,700,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_BloomfieldMember
   
Stated interest rate (in hundredths) 5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_BloomfieldMember
   
First Mortgage [Member] | McLean Plaza Associates [Member]      
Total [Abstract]      
Maturity date Dec. 31, 2014    
Debt assumed on acquisition 2,800,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_FirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_McLeanPlazaAssociatesMember
   
Unsecured Term Loan [Member]      
Total [Abstract]      
Loan Term 6 months    
Refinanced First Mortgage [Member] | Arcadian [Member]      
Total [Abstract]      
Maturity date Aug. 31, 2024    
Stated interest rate (in hundredths) 3.995%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= uba_RefinancedFirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_ArcadianMember
   
First mortgage secured by property 16,200,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= uba_RefinancedFirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_ArcadianMember
   
Refinanced First Mortgage [Member] | McLean Plaza Associates [Member]      
Total [Abstract]      
Maturity date Nov. 30, 2024    
Stated interest rate (in hundredths) 3.70%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_LongtermDebtTypeAxis
= uba_RefinancedFirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_McLeanPlazaAssociatesMember
   
First mortgage secured by property 5,000,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= uba_RefinancedFirstMortgageMember
/ us-gaap_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis
= uba_McLeanPlazaAssociatesMember
   
Dock Mortgage [Member]      
Total [Abstract]      
Adjusted fixed rate (in hundredths)   4.85%us-gaap_LongTermDebtPercentageBearingFixedInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
First mortgage secured by property   $ 28,000,000uba_EstimatedFairValueOfFirstMortgageSecuredByProperty
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Loan Term     10 years
Mortgage Amortization Period (in years)     30