XML 77 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization Organization (Tables)
 12 Months Ended
Dec. 31, 2012
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Assets and Liabilities of Contributed Companies, at carryover basis [Table Text Block]
The assets and liabilities of the Contributed Companies are summarized as follows (amounts in thousands):
Assets and liabilities of Contributed Companies, at carryover basis:
 
 
Real estate investments, net of accumulated depreciation and amortization of $13,453
 
$
108,759

Other assets
 
2,402

Notes payable(1)
 
(30,626
)
Mortgage notes payable(2)
 
(96,472
)
Other liabilities
 
(834
)
Net assets (liabilities) of Contributed Companies
 
$
(16,771
)
______________________________________________
(1) Notes payable were repaid from the proceeds of the Company's IPO concurrently with closing.
(2) $82.6 million of mortgage notes payable were refinanced with a new $51.5 million revolving credit facility and the remaining balance was repaid from the proceeds of the Company's IPO concurrently with closing of the IPO.