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Investments In Unconsolidated Joint Ventures (PruRose Riverwalk G, L.L.C.) (Narrative) (Details) (USD $)
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3 Months Ended | |
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Mar. 31, 2013
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Oct. 23, 2012
item
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| Schedule of Equity Method Investments [Line Items] | ||
| Maximum borrowing capacity | 600,000,000 | |
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West New York Parcel G Apartments Investors, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Total project costs | 118,100,000 | |
| Percentage of capital event cash flows distributed | 100.00% | |
| Internal rate of return | 7.75% | |
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Riverwalk G Urban Renewal, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Percentage of operating return on capital | 7.75% | |
| Development management and other services fees | 175,000 | |
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Prudential [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Capital balance | 14,700,000 | |
| Amount of company's initial distributions to be redirected | 1,300,000 | |
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PruRose Riverwalk G, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Indirect residual ownership percentage | 25.00% | |
| Number of stories | 12 | |
| Number of units | 316 | |
| Percentage of interest in venture | 50.00% | |
| Holding and distribution pattern under operating agreement | In general, the operating agreement of Riverwalk G provides that operating cash flows are distributed to members first to Investor and then to PruRose Riverwalk based on a 7.75 percent operating return on each members' capital balance in priorities as detailed in the operating agreement. Excess operating cash flows are distributed to the members in accordance with their ownership percentages. | |
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PruRose Riverwalk G, L.L.C. [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Capital balance | 35,000,000 | |
| Accumulated unpaid operating return | 4,500,000 | |
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PruRose Riverwalk G's Interest In Riverwalk G Urban Renewal [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Investment ownership percentage | 50.00% | |
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Construction Loan [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Maximum borrowing capacity | 83,100,000 | |
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Construction Loan [Member] | Riverwalk G Urban Renewal, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Maximum borrowing capacity | 83,100,000 | |
| Amount outstanding | 30,700,000 | |
| Interest rate | 6.00% | |
| Loan maturity date | Jul. 01, 2021 | |
| Period of loan guarantee by company following completion of project | 6 months | |
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RiverTrace Project [Member] | West New York Parcel G Apartments Investors, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||
| Total project costs | 35,000,000 |