|
Investments In Unconsolidated Joint Ventures (Crystal House Apartments Investors LLC) (Narrative) (Details) (Crystal House Apartments Investors LLC [Member], USD $)
|
0 Months Ended | 3 Months Ended | 9 Months Ended |
|---|---|---|---|
|
Mar. 20, 2013
item
|
Sep. 30, 2013
|
Sep. 30, 2013
|
|
| Schedule of Equity Method Investments [Line Items] | |||
| Number of units | 828 | ||
| Venture property acquisition cost | $ 262,500,000 | ||
| Number of units available for development | 295 | ||
| Number of approved units available for development | 252 | ||
| Percentage of interest in venture | 25.00% | ||
| Internal rate of return | 9.00% | ||
| Mortgage loans, carrying amount | 165,000,000 | 165,000,000 | |
| Interest rate | 3.17% | 3.17% | |
| Mortgage loan, maturity date | March 2020 | ||
| Initial term of interest only payments | 5 years | ||
| Amortization schedule | 30 years | ||
| Percentage of interest in developable land | 50.00% | ||
| Management, leasing and other services fees | $ 109,000 | $ 228,000 | |
| Holding and distribution pattern under operating agreement | In general, the operating agreement of CHAI provides that net operating cash flows are distributed to the members in accordance with ownership percentages. Net cash flows from a capital event are distributed first to the members in accordance with ownership percentages until they receive a nine percent IRR, as defined, with any excess distributed 50 percent to the Company and 50 percent to UBS. | ||
|
Parent Company [Member]
|
|||
| Schedule of Equity Method Investments [Line Items] | |||
| Percentage of capital event cash flows distributed | 50.00% | ||
|
UBS Global Asset Management [Member]
|
|||
| Schedule of Equity Method Investments [Line Items] | |||
| Percentage of capital event cash flows distributed | 50.00% |