XML 42 R62.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Person Transactions (Details) (USD $)
1 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Jan. 31, 2013
property
sqft
Dec. 31, 2013
sqft
item
Dec. 31, 2012
sqft
Mar. 12, 2012
SIR
Feb. 16, 2012
SIR
property
sqft
Dec. 31, 2013
SIR
Dec. 31, 2012
SIR
Dec. 31, 2013
Maximum
Jul. 31, 2013
RMR
item
Dec. 31, 2013
RMR
office
item
sqft
Dec. 31, 2012
RMR
Dec. 31, 2011
RMR
Dec. 31, 2013
RMR
SIR
Dec. 31, 2012
RMR
SIR
Dec. 31, 2011
RMR
SIR
Dec. 31, 2013
RMR
Restricted shares
Dec. 31, 2012
RMR
Restricted shares
Dec. 31, 2011
RMR
Restricted shares
Dec. 31, 2013
RMR
Maximum
Dec. 31, 2012
RMR
Maximum
Dec. 31, 2011
RMR
Maximum
Dec. 19, 2013
RMR
Amended Agreement
item
Dec. 31, 2013
RMR
Amended Agreement
Maximum
Dec. 19, 2013
RMR
Amended Agreement
Maximum
Dec. 31, 2013
RMR Australia
Mar. 15, 2013
GOV
Dec. 31, 2013
GOV
Dec. 31, 2009
GOV
Sep. 30, 2011
SNH
property
sqft
Jan. 31, 2011
SNH
property
Dec. 31, 2013
SNH
Mar. 31, 2011
SNH
sqft
Dec. 31, 2008
SNH
Agreement to sell
property
Jun. 30, 2013
AIC
Dec. 31, 2013
AIC
item
Dec. 31, 2012
AIC
Dec. 31, 2011
AIC
Related person transactions                                                                          
Number of employees   0                                                                      
Number of agreements                   2                                                      
Number of entities independent trustees serving as independent directors or independent trustees of other public companies to which related party provides management services                   2                                                      
Base management fee payable as a percentage of average historical cost of real estate investments, up to specified amount                                           0.70%                              
Threshold amount of real estate investments for payment of base management fee                                     $ 250,000,000 $ 250,000,000 $ 250,000,000   $ 250,000,000                            
Base management fee payable as a percentage of average historical cost of real estate investments, located outside the United States, Puerto Rico and Canada                   1.00% 1.00% 1.00%                   1.00%                              
Base management fee payable as a percentage of average historical cost of real estate investments, exceeding specified amount                                           0.50%                              
Base management fee payable as a percentage of average closing price per share of common shares on NYSE                                           0.70%                              
Base management fee payable, average market capitalization                                               250,000,000                          
Base management fee payable as a percentage of average market capitalization exceeding specified amount                                           0.50%                              
Threshold amount of average market capitalization for payment of base management fee                                           250,000,000                              
Base business management fee payable in cash (as a percent)                                           90.00%                              
Base business management fee payable in common shares (as a percent)                                           10.00%                              
Incentive management fee payable (as a percent)                                           12.00%                              
Measurement period of incentive management fee                                           3 years                              
Portion of shares issued in payment of an incentive management fee                                           33.00%                              
Portion of remaining shares to be vested in equal annual installments                                           67.00%                              
Number of equal annual installments for vesting of common shares                                           2                              
Number of times registration right can be exercisable                                           2                              
Base management fee payable as a percentage of average historical cost of real estate investments, located in the United States, Puerto Rico and Canada                   0.70% 0.70% 0.70%                                                  
Annual business management fee as a percentage of aggregate cost of properties acquired in excess of $250,000                   0.50% 0.50% 0.50%                                                  
Incentive fee as a percentage of the product of weighted average common shares outstanding on a fully diluted basis and the excess, if any of the Normalized FFO Per Share for current fiscal year over the preceding fiscal year                   15.00% 15.00% 15.00%                                                  
Business management fees                       39,203,000 43,279,000 43,646,000                                              
Incentive fees paid                   0 0 0                                                  
Property management fees as a percentage of gross collected rents                   3.00%                             3.00%                        
Construction supervision fees as a percentage of construction costs                   5.00%                             5.00%                        
Property management and construction supervision fees                       30,315,000 32,460,000 33,689,000                                              
Compensation for business management and real estate investment services as a percentage of average historical cost of CWHAT's real estate investments                                                 0.50%                        
Compensation for property management services as a percentage of difference between 3.0% of collected gross rents and the aggregate of all amounts paid or payable by or on behalf of CWHAT to third party property managers                                                 50.00%                        
Compensation for construction supervision services as a percentage of difference between 5.0% of constructions costs and any amounts paid to third parties for construction management and/or supervision                                                 50.00%                        
Business and property management fees                                                 1,626,000                        
Payments to MacarthurCook Fund Management Limited                   161,000 1,814,000 1,856,000                                                  
Pro rata share of related party's costs of providing internal audit function                         296,000 355,000 240,000                                            
Successive renewal period for business and property management agreements                   1 year                                                      
Period of prior written notice for termination of either agreement by entity or related party                   60 days                                                      
Number of business days notice for termination of either agreement by related party, if entity undergoes a change of control                   5 days                                                      
Number of regional offices leased                   11                                                      
Rental income earned                   828,000 564,000 566,000                                                  
Lease term                   3 years                                                      
Square feet   37,273,000 61,806,000   21,400,000         32,500                                     1,310,000     2,803,000          
Number of shares granted under the Award Plan           2,000       73,450 71,617 73,050       73,450 71,617 73,050                                      
Aggregate value of restricted shares granted (in dollars)                   1,742,000 1,111,000 1,458,000                                                  
Vesting rights percentage for restricted shares vesting on the grant date                   20.00%                                                      
Vesting rights percentage for restricted shares vesting on each of the next four anniversaries of the grant date                   20.00%                                                      
Number of anniversaries of the grant date for vesting of restricted shares                   4 years                                                      
Ownership percentage prior to transaction       100.00%   100.00%                                         100.00%       100.00%            
Minimum ownership of outstanding common shares of related party required to engage the same manager or common managing trustees                                                       10.00%     10.00%            
Shares sold       9,200,000                                           9,950,000                      
Net proceeds received on sale of common shares                                                   239,576,000                      
Realized gain on sale of common shares                                                   66,293,000                      
Amount of reimbursements payable to related party   9,385,000 12,958,000     636,000                                         310,000                    
Shares owned by related party                                                             250,000            
Less than wholly owned subsidiary, common shares owned           22,000,000 22,000,000                                                            
Less than wholly owned subsidiary, parent ownership interest percentage             56.00%                                                            
Proceeds from Issuance Initial Public Offering       180,814,000                                                                  
Repayment of promissory note         400,000,000                                                                
Common shares consideration received on transfer of properties         22,000,000                                                                
Number of properties sold or transferred or agreed to be sold or transferred         79                                                                
Number of separate buildings or land parcels sold or transferred or agreed to be sold or transferred         251                                                                
Number of Properties Sold 3                                                       7 15     45        
Number of maximum MOBs, in respect of which right of first refusal to purchase is granted                                                                 45        
Number of buildings sold 18                                                       13 27              
Aggregate sale price of properties sold, excluding closing costs                                                         167,000,000 470,000,000              
Net gains on sale of properties   1,596,000                                                     7,846,000 168,272,000              
Number of other companies which are shareholders of related party                 2                                                   3    
Equity method investments, ownership percentage           44.20%   50.00%                                                     12.50%    
Amount invested in equity investee                                                                     5,209,000    
Period for which property insurance program was purchased                                                                     1 year    
Coverage amount for property insurance                                                                     500,000,000    
Premium for property insurance                                                                   5,984,000   6,560,000 6,697,000
Aggregate non-indemnifiable coverage of combined directors' and officers' liability insurance policy purchased by the entity                 10,000,000                                                        
Aggregate excess coverage of combined directors' and officers' liability insurance policy purchased                 5,000,000                                                        
Premium paid for combined directors' and officers' liability insurance policy                 133,000                                                        
Legal fees and costs                   $ 30,392,000