XML 15 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Investments in Real Estate and Real Estate Under Construction (Details) (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis $ 104,328,000    
Land 23,030,000    
Building and Improvements 66,964,000    
Lease in-place Value 11,499,000    
Tenant Relationships Value 2,835,000    
Leasing costs incurred 488,000    
Aggregate aquisition expenses 786,000 314,000  
Development in Process 41,676,000   34,529,000
Development Deals [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Real Estate Investment Capitalized Interest 1,693,000 882,000  
Payment Guarantee [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Guarantor Obligations, Current Carrying Value 1,500,000    
Corporate Joint Venture [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Maximum Loan to Joint Venture 4,398,000    
Lender Subsidiary [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 1,251,000    
Expected Maximum Commitment/Contribution 152,900,000    
Estimated Property Purchase Price/Completion Cost 161,700,000    
Office Property [Member] | Huntington West Virginia [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 12,558,000    
Land 1,368,000    
Building and Improvements 9,527,000    
Lease in-place Value 1,405,000    
Tenant Relationships Value 258,000    
Office Property [Member] | Florence South Carolina [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 5,094,000    
Land 774,000    
Building and Improvements 3,629,000    
Lease in-place Value 505,000    
Tenant Relationships Value 186,000    
Office Property [Member] | Saint Joseph Missouri [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 17,571,000    
Land 607,000    
Building and Improvements 14,004,000    
Lease in-place Value 2,528,000    
Tenant Relationships Value 432,000    
Office Property [Member] | Jessup Pennsylvania [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 24,917,000    
Land 2,520,000    
Building and Improvements 17,656,000    
Lease in-place Value 3,336,000    
Tenant Relationships Value 1,405,000    
Office Property [Member] | Eugene Oregon [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 80,000    
Expected Maximum Commitment/Contribution 17,600,000    
Estimated Property Purchase Price/Completion Cost 17,600,000    
Lease Term (Years) 15    
Office Property [Member] | Denver Colorado [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 163,000    
Expected Maximum Commitment/Contribution 37,600,000    
Estimated Property Purchase Price/Completion Cost 37,600,000    
Lease Term (Years) 15    
Industrial Property [Member] | Missouri City Texas [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 23,000,000    
Land 14,555,000    
Building and Improvements 5,895,000    
Lease in-place Value 2,135,000    
Tenant Relationships Value 415,000    
Industrial Property [Member] | Shreveport Louisiana [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 12,941,000    
Land 1,078,000    
Building and Improvements 10,134,000    
Lease in-place Value 1,590,000    
Tenant Relationships Value 139,000    
Industrial Property [Member] | Long Island City New York [Member] | Corporate Joint Venture [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 143,000 [1]    
Expected Maximum Commitment/Contribution 46,700,000 [1]    
Estimated Property Purchase Price/Completion Cost 55,500,000 [1]    
Lease Term (Years) 15 [1]    
Industrial Property [Member] | Rantoul Illinois [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 813,000 [2]    
Expected Maximum Commitment/Contribution 42,600,000 [2]    
Estimated Property Purchase Price/Completion Cost 42,600,000 [2]    
Lease Term (Years) 20 [2]    
Retail Property [Member] | Valdosta Georgia [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Initial Cost Basis 8,247,000 [3]    
Land 2,128,000 [3]    
Building and Improvements 6,119,000 [3]    
Lease in-place Value 0 [3]    
Tenant Relationships Value 0 [3]    
Retail Property [Member] | Opelika Alabama [Member]
     
Investments in Real Estate and Real Estate Under Construction [Line Items]      
Square Feet 52,000    
Expected Maximum Commitment/Contribution 8,400,000    
Estimated Property Purchase Price/Completion Cost $ 8,400,000    
Lease Term (Years) 15    
[1] Joint venture investment. The Company has guaranteed completion to the ground owner. The guarantee obligation was valued at $1,500 and is included in accounts payable and other liabilities in the condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011. In addition, the Company may loan a maximum of $4,398 to the joint venture under certain circumstances. The difference between the Company's expected contribution and the estimated completion cost represents the joint venture partner's equity.
[2] Acquisition, development and construction arrangement.
[3] Incurred leasing costs of $488.