XML 32 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Mortgages Payable (Details) (USD $)
9 Months Ended 12 Months Ended
Sep. 30, 2012
item
Sep. 30, 2011
Dec. 31, 2011
Mortgages Payable      
Assumed mortgages payable $ 70,000,000 $ 67,400,000  
Debt instrument      
Remaining Principal Balance 125,933,000   67,150,000
Amortized Premium (Discount) Balance 7,461,000   631,000
Mortgage Payable Balance 133,394,000   67,781,000
Note receivable acquired in connection with 2011 acquisition     8,800,000
Mortgages Payable
     
Debt instrument      
Number of mortgages repaid 1    
Amount repaid 10,700,000    
Net premiums recorded upon assumption of mortgages 7,100,000   820,000
Deferred financing costs incurred 685,000 917,000  
Remaining balance of deferred financing costs at period end 1,200,000   751,000
Mortgages maturing 5/6/12
     
Debt instrument      
Stated Interest Rate (as a percent)     5.90%
Effective Interest Rate (as a percent)     5.20%
Remaining Principal Balance     10,664,000
Amortized Premium (Discount) Balance     26,000
Mortgage Payable Balance     10,690,000
Mortgages maturing 12/1/13
     
Debt instrument      
Stated Interest Rate (as a percent) 6.30%   6.30%
Effective Interest Rate (as a percent) 4.60%   4.60%
Remaining Principal Balance 12,095,000   12,410,000
Amortized Premium (Discount) Balance 219,000   314,000
Mortgage Payable Balance 12,314,000   12,724,000
Number of properties occupied by applicable tenant 1   1
Mortgages maturing 9/1/14
     
Debt instrument      
Stated Interest Rate (as a percent) 6.30%   6.30%
Effective Interest Rate (as a percent) 5.10%   5.10%
Remaining Principal Balance 11,550,000   11,671,000
Amortized Premium (Discount) Balance 226,000   359,000
Mortgage Payable Balance 11,776,000   12,030,000
Number of properties occupied by applicable tenant 1   1
Mortgages maturing 6/10/15
     
Debt instrument      
Stated Interest Rate (as a percent) 4.70%   4.70%
Effective Interest Rate (as a percent) 4.80%   4.80%
Remaining Principal Balance 23,625,000   23,625,000
Amortized Premium (Discount) Balance (53,000)   (68,000)
Mortgage Payable Balance 23,572,000   23,557,000
Floating variable interest rate, variable rate basis 1 month LIBOR   1 month LIBOR
Floating variable interest rate, basis spread on variable rate (as a percent) 4.50%   4.50%
Maximum interest rate (as a percent) 5.50%   5.50%
Mortgages maturity 1/10/16
     
Debt instrument      
Stated Interest Rate (as a percent) 6.00%    
Effective Interest Rate (as a percent) 3.70%    
Remaining Principal Balance 13,048,000    
Amortized Premium (Discount) Balance 859,000    
Mortgage Payable Balance 13,907,000    
Mortgages maturing 6/6/17
     
Debt instrument      
Stated Interest Rate (as a percent) 5.70%    
Effective Interest Rate (as a percent) 2.70%    
Remaining Principal Balance 10,150,000    
Amortized Premium (Discount) Balance 1,269,000    
Mortgage Payable Balance 11,419,000    
Mortgages maturing 10/1/20
     
Debt instrument      
Stated Interest Rate (as a percent) 6.00%    
Effective Interest Rate (as a percent) 4.30%    
Remaining Principal Balance 8,983,000    
Amortized Premium (Discount) Balance 936,000    
Mortgage Payable Balance 9,919,000    
Mortgages maturing 9/3/21
     
Debt instrument      
Stated Interest Rate (as a percent) 2.60%    
Effective Interest Rate (as a percent) 4.00%    
Remaining Principal Balance 8,394,000    
Amortized Premium (Discount) Balance (793,000)    
Mortgage Payable Balance 7,601,000    
Floating variable interest rate, variable rate basis 1 month LIBOR    
Floating variable interest rate, basis spread on variable rate (as a percent) 2.40%    
Assumed interest rate swap fixed interest rate (as a percent) 6.00%    
Mortgages maturing 7/8/22
     
Debt instrument      
Stated Interest Rate (as a percent) 6.40%    
Effective Interest Rate (as a percent) 4.00%    
Remaining Principal Balance 29,308,000    
Amortized Premium (Discount) Balance 4,798,000    
Mortgage Payable Balance 34,106,000    
Mortgages one maturing 12/28/13
     
Debt instrument      
Stated Interest Rate (as a percent) 8.30%   8.30%
Effective Interest Rate (as a percent) 8.30%   8.30%
Remaining Principal Balance 4,510,000   4,510,000
Mortgage Payable Balance 4,510,000   4,510,000
Number of properties occupied by applicable tenant 1   1
Mortgages two maturing 12/28/13
     
Debt instrument      
Stated Interest Rate (as a percent) 8.30%   8.30%
Effective Interest Rate (as a percent) 8.30%   8.30%
Remaining Principal Balance 4,270,000   4,270,000
Mortgage Payable Balance 4,270,000   4,270,000
Number of properties occupied by applicable tenant 1   1
Mortgages maturing 12/28/13
     
Debt instrument      
Note receivable acquired in connection with 2011 acquisition $ 8,800,000   $ 8,800,000
Assumed note receivable stated interest rate (as a percent) 8.14%   8.14%