XML 82 R103.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2013
Operating Subsidiary
Dec. 31, 2012
Operating Subsidiary
Dec. 31, 2013
Care and PFG
Dec. 31, 2012
Care and PFG
Dec. 31, 2013
Siena Capital Finance LLC
Jul. 26, 2013
Siena Capital Finance LLC
Dec. 31, 2012
Siena Capital Finance LLC
Dec. 31, 2013
Mortgages
Dec. 31, 2012
Mortgages
Dec. 31, 2013
Notes Payable
Dec. 31, 2013
Fortress Credit Agreement
Dec. 31, 2013
Property Subject to Operating Lease [Member]
Dec. 31, 2013
Revolving credit facility
Sep. 18, 2013
Primary beneficiary
Operating Subsidiary
Dec. 31, 2013
Primary beneficiary
Notes Payable
Telos Asset Management LLC
Commitments and Contingencies [Line Items]                                
Long-term Debt, Maturities, Repayments of Principal and Related Interests in Next Twelve Months                 $ 5,232,000 [1]              
Long-term Debt, Maturities, Repayments of Principal and Related Interests in Year Two                 10,702,000 [1]              
Long-term Debt, Maturities, Repayments of Principal and Related Interests in Year Three                 11,105,000 [1]              
Long-term Debt, Maturities, Repayments of Principal and Related Interests after Year Five                 80,666,000 [1]              
Long-term Debt and Related Interests                 107,705,000 [1]              
Contractual Obligation, Due in Third Year 83,191,000                              
Notes payable                                
2013 11,252,000                   7,667,000 [2] 2,000,000 [2]   0 [2]   0 [3]
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Years Two and Three                     20,000,000 [2]         0 [3]
Long-term Debt, Maturities, Repayments of Principal in Rolling Year Four and Five                     21,417,000 [2] 43,500,000 [2] 1,798,000 [4] 5,371,000 [2]   0 [3]
2014 13,665,000                     4,000,000 [2] 1,813,000 [4] 0 [2]    
2016 19,620,000                   41,931,000 [2] 0 [2]   0 [2]   1,341,701,000 [3]
2017 54,423,000                              
Thereafter 115,339,000                              
Total 228,038,000 182,272,000 2,500,000           81,951,000 95,231,000 91,015,000 [2] 49,500,000 [2]       1,341,701,000 [3]
Operating lease obligations                                
2014 3,486,000                       1,518,000 [4]      
2017 3,748,000                       1,308,000 [4]      
2018 3,851,000                              
Thereafter 24,075,000                              
Total 42,357,000                       6,437,000 [4]      
Maximum aggregate borrowing capacity             65,000,000               125,000,000  
Line of Credit Facility, Amount Outstanding   49,500,000 0     5,371,000   0             50,000,000  
Rent expense for office leases       1,530,000 935,000                      
Contractual Obligation, Due in Fourth Year 1,465,606,000                              
Contractual Obligation 1,601,729,000                              
Contractual Obligation, Due in Next Twelve Months 16,417,000                              
Contractual Obligation, Due in Second Year $ 36,515,000                              
[1] Mortgage notes payable include mortgage notes entered into by the Company in connection with its acquisition of several properties (See Note 12—Debt)
[2] Note payable relates to PFG’s acquisition of the administrative services rights from The Hartford and TFP payment for Series A preferred stock and common shares of PFG (See Note 12—Debt).
[3] CLO notes payable principal is payable at stated maturity, 2021 for Telos 1, 2022 for Telos 2, 2024 for Telos 3 and 2024 for Telos 4 (See Note 3—CLOs and Consolidated Variable Interest Entities).
[4] Minimum rental obligations for Care, Siena and PFG office leases. For the twelve month periods ended December 31, 2013 and 2012, rent expense for the Company’s office leases were $1,530 and $935, respectively.