Investment in Real Estate - Purchase Price Allocation for Acquisition (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 0 Months Ended | ||||||||||||||||
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Dec. 31, 2013
|
Dec. 31, 2012
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Dec. 31, 2011
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Apr. 29, 2011
Rincon Center [Member]
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May 22, 2013
3401 Exposition [Member]
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Jun. 14, 2013
Pinnacle II [Member]
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Jul. 31, 2013
Seattle Acquisition [Member]
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Sep. 26, 2013
1861 Bundy [Member]
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Apr. 05, 2012
10900 Washington [Member]
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Jun. 02, 2012
901 Market [Member]
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Sep. 05, 2012
Element LA [Member]
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Sep. 21, 2012
1455 Gordan St [Member]
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Nov. 08, 2012
Pinnacle I [Member]
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Jul. 26, 2011
604 Arizona [Member]
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Aug. 19, 2011
275 Brannan [Member]
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Sep. 02, 2011
625 Second Street [Member]
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Nov. 22, 2011
6922 Hollywood Boulevard [Member]
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Dec. 12, 2011
6050 Ocean Way 1445 N Beachwood [Member]
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|
Consideration paid | ||||||||||||||||||
Cash consideration | $ 389,883 | $ 392,320 | $ 114,219 | $ 8,489 | $ 1,505 | $ 368,389 | $ 11,500 | $ 2,605 | $ 90,871 | $ 88,436 | $ 2,385 | $ 208,023 | $ 21,373 | $ 12,370 | $ 23,419 | $ 50,555 | $ 6,502 | |
Notes Receivable | 4,000 | 4,000 | 0 | 0 | 0 | |||||||||||||
Debt Assumed | 102,299 | 0 | 75,947 | 13,233 | 89,066 | 0 | 0 | 0 | 0 | 33,700 | 42,247 | 0 | ||||||
Non-controlling interest in consolidated real estate entity | 45,704 | 1,481 | 0 | 0 | 45,704 | 0 | 0 | 0 | 0 | 0 | 0 | 1,481 | ||||||
Total consideration | 541,886 | 393,801 | 190,166 | 38,700 | 25,722 | 136,275 | 368,389 | 11,500 | 2,605 | 90,871 | 88,436 | 2,385 | 209,504 | 21,373 | 12,370 | 57,119 | 92,802 | 6,502 |
Allocation of consideration paid | ||||||||||||||||||
Investment in real estate, net | 538,322 | 390,370 | 181,925 | 25,439 | 134,289 | 367,094 | 11,500 | 2,600 | 97,187 | 88,024 | 2,384 | 200,175 | 20,366 | 12,250 | 53,394 | 88,999 | 6,916 | |
Above-market leases | 167 | 3,036 | 0 | 0 | 0 | 0 | 167 | 0 | 0 | 465 | 2,571 | 0 | ||||||
Leases in place | 16,099 | 8,687 | 0 | 2,968 | 1,325 | 96 | 11,710 | 1,121 | 0 | 2,799 | 4,767 | 0 | ||||||
Other lease intangibles | 34,256 | 4,072 | 3,431 | 0 | 12,637 | 21,619 | 0 | 0 | 548 | 46 | 22 | 3,456 | 117 | 0 | 1,286 | 2,028 | 0 | |
Fair market unfavorable debt value | (5,820) | (2,090) | 0 | (5,820) | 0 | 0 | 0 | 0 | (490) | (1,600) | 0 | |||||||
Below-market leases | (22,449) | (16,018) | (5,839) | 0 | (7,783) | (14,666) | 0 | 0 | (10,249) | (666) | (27) | (5,076) | (104) | 0 | (1,054) | (4,265) | (416) | |
Other (liabilities) asset assumed, net | $ (2,423) | $ (889) | $ 1,016 | $ 283 | $ 2,952 | $ (5,658) | $ 0 | $ 5 | $ 417 | $ (293) | $ (90) | $ (928) | $ (127) | $ 120 | $ 719 | $ 302 | $ 2 | |
Additional acquired ownership percentage | 49.00% |