XML 37 R36.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investments in Real Estate Entities (Details 2) - Subsequent Event Type [Domain]
1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2015
USD ($)
community
Jun. 30, 2015
USD ($)
community
home
building
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
community
Claim
home
plaintiff
building
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Equity method investment            
Long-term Debt   $ 6,433,889,000   $ 6,433,889,000   $ 6,448,138,000
Real Estate Investment Property, Net   13,495,510,000   13,495,510,000   13,219,140,000
Impairment of Real Estate   0 $ 0   $ 0  
Casualty and Impairment (Gain) Loss   (17,114,000) 0 (11,326,000) 0  
Assets:            
Real estate, net   1,513,850,000   1,513,850,000   1,617,627,000
Other assets   60,793,000   60,793,000   72,290,000
Total assets   1,574,643,000   1,574,643,000   1,689,917,000
Liabilities and partners' capital:            
Mortgage notes payable and credit facility   964,246,000   964,246,000   980,128,000
Other liabilities   21,232,000   21,232,000   24,884,000
Partners' capital   589,165,000   589,165,000   684,905,000
Total liabilities and partners' capital   1,574,643,000   1,574,643,000   1,689,917,000
Combined summary of the operating results of the accounted for using the equity method            
Rental and other income   43,395,000 52,270,000 88,650,000 104,646,000  
Operating and other expenses   (17,375,000) (20,483,000) (34,712,000) (41,691,000)  
Gain on sale of communities   0 5,682,000 32,490,000 5,682,000  
Interest expense, net   (10,334,000) (13,523,000) (20,811,000) (27,413,000)  
Depreciation expense   (11,942,000) (13,863,000) (23,845,000) (28,280,000)  
Net income   3,744,000 10,083,000 41,772,000 12,944,000  
Impairment of investment in unconsolidated entities   0 0 0 0  
Expensed Acquisition, Development And Other Pursuit Costs, Net of Recoveries   $ 673,000 $ 2,017,000 $ 1,860,000 $ 2,732,000  
Number of Real Estate Properties | community   257   257    
Number of apartment homes included in operating apartment communities owned | home   74,857   74,857    
MVPI LLC [Member]            
Equity method investment            
Long-term Debt   $ 103,000,000   $ 103,000,000    
Fixed rate (as a percent)   3.24%   3.24%    
Fund I and II            
Combined summary of the operating results of the accounted for using the equity method            
Costs in excess of equity in underlying net assets of the respective investments   $ 3,312,000   $ 3,312,000   $ 3,880,000
Fund II            
Combined summary of the operating results of the accounted for using the equity method            
Maximum amount that will be paid for capital contributions made by partners (as a percent)       10.00%    
Maximum amount that will be paid for capital contributions made by partners   8,910,000   $ 8,910,000    
Avalon Mills [Member]            
Equity method investment            
Impairment of Real Estate       800,000    
Avalon at Edgewater [Member]            
Equity method investment            
Casualty Loss   4,886,000   5,977,000    
Insurance Proceeds   22,000,000   44,142,000    
Real Estate Investment Property, Net   21,844,000   21,844,000    
Casualty and Impairment (Gain) Loss   $ (17,114,000)   $ (16,321,000)    
Combined summary of the operating results of the accounted for using the equity method            
Number of Real Estate Properties | building   2   2    
Number of apartment homes included in operating apartment communities owned | home   168   168    
Loss Contingency, New Claims Filed, Number | Claim       15    
Loss Contingency, Number of Plaintiffs | plaintiff       120    
New England [Member]            
Equity method investment            
Impairment of Real Estate       $ 4,195,000    
Mortgage notes payable | MVPI LLC [Member]            
Combined summary of the operating results of the accounted for using the equity method            
Repayments of secured debt   $ 105,000,000        
Notes payable maturing in 2015 | Mortgage notes payable            
Equity method investment            
Fixed rate (as a percent) 3.12%          
Combined summary of the operating results of the accounted for using the equity method            
Number of Real Estate Properties | community 8          
Repayments of secured debt $ 481,582,000