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Debt (Tables)
9 Months Ended
Sep. 30, 2014
Debt Instruments [Abstract]  
Contractual terms of secured mortgage loans assumed in acquisition
In connection with the acquisition of The Grove at Shrewsbury and Brook 35 on January 1, 2014, we assumed mortgage loans with a face amount of $68.3 million and a fair value of $73.8 million. The mortgage loans are secured by the individual properties with the following contractual terms:
 
Principal
 
Stated Interest Rate
 
Maturity Date
 
(In millions)
 
 
 
 
Brook 35
$
11.5

 
5.46
%
 
July 1, 2014
The Grove at Shrewsbury (East)
45.4

 
5.82
%
 
October 1, 2017
The Grove at Shrewsbury (West)
11.4

 
6.38
%
 
March 1, 2018