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Investments In Unconsolidated Joint Ventures (PruRose Port Imperial South 15, L.L.C) (Narrative) (Details) (USD $)
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0 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | ||
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Jul. 15, 2013
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
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Oct. 23, 2012
PruRose Port Imperial South 15, L.L.C. [Member]
item
sqft
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Sep. 30, 2013
PruRose Port Imperial South 15, L.L.C. [Member]
Prudential-Port [Member]
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Sep. 30, 2013
Refinance Loan [Member]
PruRose Port Imperial South 15, L.L.C. [Member]
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| Schedule of Equity Method Investments [Line Items] | ||||||
| Percentage of interest in venture | 50.00% | |||||
| Number of units | 236 | |||||
| Area of property (in square feet) | 214,402 | |||||
| Third party ownership percentage | 50.00% | |||||
| Percentage of operating return on capital | 9.00% | |||||
| Capital balance | $ 33,800,000 | |||||
| Accumulated unpaid operating return | 5,100,000 | |||||
| Percent of distributions paid to third party after threshold reached | 20.00% | |||||
| Threshold of internal rate of return for distributions to third party | 8.00% | |||||
| Mortgage loans, carrying amount | 57,000,000 | 57,000,000 | 57,500,000 | |||
| Spread over LIBOR | 1.25% | 2.35% | ||||
| Mortgage loan, maturity date | August 2013 | September 2020 | ||||
| Interest rate | 4.32% | |||||
| Management, leasing and other services fees | $ 62,000 | $ 185,000 | ||||
| Holding and distribution pattern under operating agreement | In general, the operating agreement of Port Imperial 15 provides that operating cash flows are distributed to members first to Prudential-Port and then to the Company based on a nine 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. |