XML 68 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
DEBT - Narrative (Details)
1 Months Ended
Nov. 29, 2017
USD ($)
Aug. 03, 2017
USD ($)
Mar. 28, 2017
USD ($)
Jun. 30, 2016
USD ($)
agreement
May 31, 2015
USD ($)
Sep. 30, 2014
USD ($)
extension_option
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Aug. 31, 2017
USD ($)
Aug. 13, 2015
USD ($)
Debt                    
Deferred loan costs, gross             $ 3,843,000 $ 3,843,000    
Deferred loan costs, accumulated amortization             1,281,000 1,105,000    
Accrued interest and unused commitment fee payable             1,981,000 2,098,000    
Unsecured credit facility entered into in September 2014                    
Debt                    
Maximum borrowing capacity           $ 850,000,000        
Number of extension options | extension_option           2        
Line of credit facility extension option term           1 year        
Amount available for future borrowings             190,000,000 200,000,000    
Extension fee                 $ 300,000  
Unsecured credit facility entered into in September 2014, revolver                    
Debt                    
Maximum borrowing capacity           $ 450,000,000 200,000,000      
Unsecured credit facility entered into in September 2014, revolver | Minimum                    
Debt                    
Interest rate margin           0.20%        
Unused commitment fee           0.15%        
Unsecured credit facility entered into in September 2014, revolver | Maximum                    
Debt                    
Interest rate margin           1.00%        
Unused commitment fee           0.25%        
Unsecured credit facility entered into in September 2014, revolver | LIBOR | Minimum                    
Debt                    
Interest rate margin           1.20%        
Unsecured credit facility entered into in September 2014, revolver | LIBOR | Maximum                    
Debt                    
Interest rate margin           2.00%        
Unsecured credit facility entered into in September 2014, term loan                    
Debt                    
Maximum borrowing capacity           $ 325,000,000        
Unsecured credit facility entered into in September 2014, term loan | LIBOR | Minimum                    
Debt                    
Interest rate margin           1.15%        
Unsecured credit facility entered into in September 2014, term loan | LIBOR | Maximum                    
Debt                    
Interest rate margin           1.95%        
Unsecured credit facility entered into in September 2014, term loan | Base rate | Minimum                    
Debt                    
Interest rate margin           0.15%        
Unsecured credit facility entered into in September 2014, term loan | Base rate | Maximum                    
Debt                    
Interest rate margin           0.95%        
Unsecured credit facility entered into in September 2014, delayed-draw term loan                    
Debt                    
Maximum borrowing capacity           $ 75,000,000        
Unused commitment fee           0.25%        
Mortgages Payable                    
Debt                    
Number of mortgage loan agreements entered into | agreement       6            
Amount of loan       $ 392,000,000            
Gross debt             416,300,000 416,300,000    
Unsecured credit facilities                    
Debt                    
Gross debt             10,000,000 0    
Unsecured Term Loan Facility Entered Into May 2015                    
Debt                    
Deferred loan costs, accumulated amortization $ 512,000 $ 193,000                
Maximum borrowing capacity         $ 385,000,000          
Unused commitment fee         0.20%          
Amount of loan             $ 170,000,000 $ 170,000,000    
Interest rate             3.26% 2.96%    
Repayments of debt 150,000,000 65,000,000                
Write off of deferred loan costs $ 1,387,000 $ 601,000                
Unsecured Term Loan Facility Entered Into May 2015 | LIBOR | Minimum                    
Debt                    
Interest rate margin         1.60%          
Unsecured Term Loan Facility Entered Into May 2015 | LIBOR | Maximum                    
Debt                    
Interest rate margin         2.25%          
Unsecured Term Loan Facility Entered Into May 2015 | Base rate | Minimum                    
Debt                    
Interest rate margin         0.60%          
Unsecured Term Loan Facility Entered Into May 2015 | Base rate | Maximum                    
Debt                    
Interest rate margin         1.25%          
211 Main Street, San Francisco | Disposal Group, Disposed of by Sale, Not Discontinued Operations                    
Debt                    
Payment of mortgages payable     $ 25,331,000              
Mortgage prepayment penalty     $ 1,508,000              
Interest Rate Swap                    
Debt                    
Total notional amount                   $ 385,000,000
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges                    
Debt                    
Total notional amount             $ 170,000,000      
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedges | Weighted Average                    
Debt                    
All-in rate             3.16% 3.16%