XML 68 R57.htm IDEA: XBRL DOCUMENT v3.7.0.1
DEBT - Schedule (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Debt    
Total Debt $ 846,833,000 $ 967,886,000
Mortgages Payable    
Debt    
Gross debt 416,300,000 532,437,000
Deferred loan costs (1,628,000) (2,366,000)
Premiums and discounts 0 722,000
Total Debt 414,672,000 530,793,000
Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026    
Debt    
Gross debt $ 370,300,000 392,000,000
Fixed interest rate 4.14%  
Amount of balance due on maturity $ 370,300,000  
Mortgage loan with a fixed interest of 4.50% per annum, due on January 5, 2027    
Debt    
Gross debt $ 46,000,000 46,000,000
Fixed interest rate 4.50%  
Period of amortization schedule 10 years  
Amount of balance due on maturity $ 42,008,000  
Mortgage loan with a fixed interest of 5.39% per annum, due on March 1, 2021    
Debt    
Gross debt 0 $ 39,134,000
Fixed interest rate   5.39%
Amount of balance due on maturity   $ 35,695,000
Mortgage loan with a fixed interest of 5.18% per annum, due on June 5, 2021    
Debt    
Gross debt 0 $ 29,167,000
Fixed interest rate   5.18%
Amount of balance due on maturity   $ 26,232,000
Mortgage loan with a fixed interest of 6.65% per annum, due on July 15, 2018    
Debt    
Gross debt 0 $ 26,136,000
Fixed interest rate   6.65%
Period of amortization schedule   25 years
Amount of balance due on maturity   $ 21,136,000
Secured Borrowings - Government Guaranteed Loans    
Debt    
Gross debt 22,964,000 27,899,000
Premiums and discounts 1,638,000 2,077,000
Total Debt 24,602,000 29,976,000
Secured borrowing principal on SBA 7(a) loans sold for a premium and excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 4.55% and 4.13% at June 30, 2017 and December 31, 2016, respectively.    
Debt    
Gross debt $ 18,504,000 $ 23,122,000
Weighted average rate 4.55% 4.13%
Secured borrowing principal on SBA 7(a) loans sold for excess spread—variable rate, reset quarterly, based on prime rate with weighted average coupon rate of 2.33% and 1.83% at June 30, 2017 and December 31, 2016, respectively.    
Debt    
Gross debt $ 4,460,000 $ 4,777,000
Weighted average rate 2.33% 1.83%
Other Debt    
Debt    
Gross debt $ 412,070,000 $ 412,070,000
Total Debt 407,559,000 407,117,000
Unsecured term loan facility    
Debt    
Gross debt 385,000,000 385,000,000
Junior subordinated notes    
Debt    
Gross debt 27,070,000 27,070,000
Premiums and discounts $ (1,977,000) (2,015,000)
Junior subordinated notes | LIBOR    
Debt    
Interest rate margin 3.25%  
Unsecured credit facilities    
Debt    
Gross debt $ 0 0
Unsecured term loan and credit facilities    
Debt    
Deferred loan costs $ (2,534,000) $ (2,938,000)
Disposal Group, Held-for-sale, Not Discontinued Operations | Mortgage loan with a fixed interest of 4.14% per annum, due on July 1, 2026    
Debt    
Fixed interest rate 4.14%  
Debt, gross $ 21,700,000  
Disposal Group, Held-for-sale, Not Discontinued Operations | Mortgage loan with a fixed interest of 5.18% per annum, due on June 5, 2021    
Debt    
Fixed interest rate 5.18%