XML 91 R75.htm IDEA: XBRL DOCUMENT v3.3.1.900
COMMITMENTS AND CONTINGENCIES (Details)
1 Months Ended 12 Months Ended
Jan. 01, 2016
shares
Mar. 06, 2015
shares
May. 06, 2014
shares
Feb. 28, 2015
USD ($)
Dec. 31, 2015
USD ($)
item
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Commitments and contingencies              
Outstanding loan commitments and approvals to fund loans         $ 21,216,000    
Future obligations under leases to fund tenant improvements and in other future construction obligation         33,163,000    
Liability related to the settlement of a 421a tax abatement dispute           $ 4,475,000  
Settlement of liability related to the settlement of a 421a tax abatement dispute       $ 4,721,000      
Future noncancelable minimum lease payments              
2016         743,000    
2017         749,000    
2018         607,000    
2019         503,000    
2020         541,000    
Thereafter         127,679,000    
Total         130,822,000    
Ground lease for one of the project              
Commitments and contingencies              
Current annual rent         $ 503,000    
Period after which the annual rental payment will be increased by greater of 15% or 50% of the increase in the Consumer Price Index         5 years    
Increase in annual rental payment after every 5 years, option one (as a percent)         15.00%    
Increase in annual rental payment after every 5 years, option two (as a percent)         50.00%    
Adjustment period used to calculate increase in the Consumer Price Index         5 years    
Increase in rent payable during the balance of the lease term expressed as a percentage of rent payable during the immediately preceding lease year commencing on June 1, 2040 and 2065         10.00%    
Rent expense         $ 1,752,000 1,752,000 $ 1,752,000
Straight line rent liability         12,180,000 11,038,000  
Office space in Dallas, Texas              
Commitments and contingencies              
Office space rent expense         235,000 175,000  
Restricted share awards              
Commitments and contingencies              
Unrecognized compensation expense         $ 37,000    
Executive officers | 2015 Equity Incentive Plan              
Commitments and contingencies              
Number of employees covered under employment agreement | item         2    
Executive officers | Restricted share awards              
Commitments and contingencies              
Common stock issued | shares   2,000 2,000        
Stock-based compensation expense         $ 39,000 29,000  
Employment agreements | Executive officers | 2015 Equity Incentive Plan              
Commitments and contingencies              
Accrued payroll taxes         444,000    
Stock-based compensation expense         1,263,000 $ 947,000  
Unrecognized compensation expense         $ 0    
Subsequent event | Employment agreements | Executive officers | 2015 Equity Incentive Plan              
Commitments and contingencies              
Common stock issued | shares 76,423