Mortgage Notes Payable and Lines of Credit (Details ) (USD $)
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3 Months Ended | ||
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Mar. 31, 2013
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Dec. 31, 2012
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May 31, 2012
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Summary of mortgage notes payable and line of credit | |||
Principal Outstanding | $ 29,589,165 | $ 30,817,880 | |
Remaining Availability | 18,250,000 | 18,250,000 | |
Mortgage Note Payable [Member]
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Summary of mortgage notes payable and line of credit | |||
Initial Commitment | 29,489,165 | ||
MetLife [Member] | Line of Credit [Member]
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Summary of mortgage notes payable and line of credit | |||
Issuer | MetLife | ||
Date of Issuance | May 31, 2012 | ||
Initial Commitment | 4,785,000 | 4,800,000 | |
Maturity Date | Apr. 05, 2017 | ||
Principal Outstanding | 100,000 | 100,000 | |
Stated Interest Rate | 3.31% | 3.35% | |
Remaining Availability | 4,685,000 | 4,685,000 | |
MetLife [Member] | Mortgage Note Payable [Member]
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Summary of mortgage notes payable and line of credit | |||
Issuer | MetLife | ||
Date of Issuance | Dec. 30, 2010 | ||
Initial Commitment | 45,200,000 | ||
Maturity Date | Jan. 05, 2026 | ||
Principal Outstanding | 29,489,165 | 30,717,880 | |
Stated Interest Rate | 3.50% | 3.50% | |
Remaining Availability | $ 13,565,000 | $ 13,565,000 |
X | ||||||||||
- Definition
Long term debt remaining availability. No definition available.
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X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Date the debt instrument was issued, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Identification of the contractual issuer of the debt instrument (for example, a subsidiary of the reporting entity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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