Document and Entity Information (USD $)
In Millions, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
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Feb. 27, 2014
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Jun. 28, 2013
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Entity Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2013 | ||
Document Fiscal Year Focus | 2013 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | FR | ||
Entity Registrant Name | FIRST INDUSTRIAL REALTY TRUST INC | ||
Entity Central Index Key | 0000921825 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 110,003,263 | ||
Entity Public Float | $ 1,637.7 |
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- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition
End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Details
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- Definition
State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition
Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition
Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount as of the balance sheet date by which cumulative distributions to shareholders (or partners) exceed retained earnings (or accumulated earnings). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Refundable consideration, usually cash, held by the entity pending satisfactory completion of the entity's obligations or pending the closing of a contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property, by the lessor or lessee, respectively. Such receivable is reduced by allowances attributable to, for instance, credit risk associated with a lessee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents a liability associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets. No definition available.
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- Definition
Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2013
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Dec. 31, 2012
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Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization | $ 0 | $ 3,050 |
Common Stock, Par Value | $ 0.01 | $ 0.01 |
Common Stock, Shares Authorized | 150,000,000 | 150,000,000 |
Common Stock, Shares Issued | 114,304,964 | 103,092,027 |
Common Stock, Shares Outstanding | 109,980,850 | 98,767,913 |
Treasury Shares at Cost | 4,324,114 | 4,324,114 |
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- Definition
The cumulative amount of depreciation and amortization for the carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. No definition available.
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Revenues: | |||
Rental Income | $ 252,822 | $ 244,798 | $ 234,007 |
Tenant Recoveries and Other Income | 75,404 | 69,527 | 68,661 |
Total Revenues | 328,226 | 314,325 | 302,668 |
Expenses: | |||
Property Expenses | 107,390 | 99,907 | 101,281 |
General and Administrative | 23,152 | 25,103 | 20,638 |
Restructuring Costs | 0 | 0 | 1,553 |
Impairment of Real Estate | 1,047 | (192) | (8,875) |
Depreciation and Other Amortization | 111,031 | 114,675 | 115,244 |
Total Expenses | 242,620 | 239,493 | 229,841 |
Other Income (Expense): | |||
Interest Income | 2,354 | 2,874 | 3,922 |
Interest Expense | (73,558) | (83,506) | (100,127) |
Amortization of Deferred Financing Costs | (3,225) | (3,460) | (3,963) |
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements | 52 | (328) | (1,718) |
Loss from Retirement of Debt | (6,637) | (9,684) | (5,459) |
Foreign Currency Exchange Loss | 0 | 0 | (332) |
Total Other Income (Expense) | (81,014) | (94,104) | (107,677) |
Income (Loss) from Continuing Operations Before Equity in Income of Joint Ventures, Gain on Change in Control of Interests and Income Tax Benefit (Provision) | 4,592 | (19,272) | (34,850) |
Equity in Income of Joint Ventures | 136 | 1,559 | 980 |
Gain on Change in Control of Interests | 0 | 776 | 689 |
Income Tax Benefit (Provision) | 213 | (5,522) | (450) |
Income (Loss) from Continuing Operations | 4,941 | (22,459) | (33,631) |
Discontinued Operations: | |||
Income Attributable to Discontinued Operations | 1,253 | 3,498 | 4,350 |
Gain on Sale of Real Estate | 34,344 | 12,665 | 20,419 |
Provision for Income Taxes Allocable to Discontinued Operations | 0 | 0 | (1,246) |
Income from Discontinued Operations | 35,597 | 16,163 | 23,523 |
Income (Loss) Before Gain on Sale of Real Estate | 40,538 | (6,296) | (10,108) |
Gain on Sale of Real Estate | 1,100 | 3,777 | 1,370 |
Provision for Income Taxes Allocable to Gain on Sale of Real Estate | (210) | 0 | (452) |
Net Income (Loss) | 41,428 | (2,519) | (9,190) |
Less: Net (Income) Loss Attributable to the Noncontrolling Interest | (1,121) | 1,201 | 1,745 |
Net Income (Loss) Attributable to First Industrial Realty Trust, Inc. | 40,307 | (1,318) | (7,445) |
Less: Preferred Dividends | (8,733) | (18,947) | (19,565) |
Less: Redemption of Preferred Stock | (5,667) | (1,804) | 0 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | $ 25,907 | $ (22,069) | $ (27,010) |
Basic and Diluted Earnings Per Share: | |||
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ (0.08) | $ (0.41) | $ (0.61) |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.32 | $ 0.17 | $ 0.27 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.24 | $ (0.24) | $ (0.34) |
Distributions Per Share | $ 0.34 | $ 0 | $ 0 |
Weighted Average Shares Outstanding | 106,995 | 91,468 | 80,616 |
X | ||||||||||
- Definition
In a Business combination, this element represents the amount of gain/loss recognized by the entity as a result of the change in control of the underlying real estate asset. This transaction was accounted for as a step acquisition utilizing the purchase method of accounting. No definition available.
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- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. No definition available.
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- Definition
In accordance with the provisions of their lease agreement, this element represents allowable charges due to a landlord from its tenant and other miscellaneous income. In industrial building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. No definition available.
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the total of the costs related to real estate revenues, including management, leasing, and development services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Pretax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Details
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the applicable amount of income taxes or benefit realized on the gain (loss) on sale of properties during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the amount of gain (loss) on sale of properties during the reporting period gross of the applicable income taxes realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element is for Real Estate Investment Trust (REIT) statement of income purposes. It represents the income or loss from operations, both continuing and discontinued, before the effects of extraordinary items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions. This amount excludes contingent revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Net Income (Loss) | $ 41,428 | $ (2,519) | $ (9,190) |
Amortization of Interest Rate Protection Agreements | 2,411 | 2,271 | 2,166 |
Write-off of Unamortized Settlement Amounts of Interest Rate Protection Agreements | 1,116 | 3,247 | 3,250 |
Reclassification of Foreign Exchange Loss on Substantial Liquidation of Foreign Entities, Net of Income Tax Benefit | 0 | 0 | 179 |
Foreign Currency Translation Adjustment, Net of Income Tax Benefit | (60) | 32 | (1,480) |
Comprehensive Income (Loss) | 44,895 | 3,031 | (5,075) |
Comprehensive (Income) Loss Attributable to Noncontrolling Interest | (1,265) | 913 | 1,494 |
Comprehensive Income (Loss) Attributable to First Industrial Realty Trust, Inc. | $ 43,630 | $ 3,944 | $ (3,581) |
X | ||||||||||
- Definition
In connection with debt repurchases prior to maturity, the accelerated write off of the unamortized settlement amount of the related interest rate protection agreement. No definition available.
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of (increase) decrease in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (USD $)
|
Total
|
Preferred Stock
|
Common Stock
|
Additional Paid-in Capital
|
Distributions in Excess of Accumulated Earnings
|
Accumulated Other Comprehensive Loss
|
Treasury Shares At Cost
|
Noncontrolling Interest
|
---|---|---|---|---|---|---|---|---|
Balance at Dec. 31, 2010 | $ 892,144,000 | $ 0 | $ 732,000 | $ 1,608,014,000 | $ (606,511,000) | $ (15,339,000) | $ (140,018,000) | $ 45,266,000 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Issuance of Common Stock, Net of Issuance Costs | 202,332,000 | 174,000 | 202,158,000 | |||||
Stock Based Compensation Activity | 2,759,000 | 4,000 | 3,088,000 | (333,000) | ||||
Conversion of Units to Common Stock | 0 | 1,000 | 1,108,000 | (1,109,000) | ||||
Reallocation-Additional Paid in Capital | 0 | (3,019,000) | 3,019,000 | |||||
Preferred Dividends | (19,565,000) | (19,565,000) | ||||||
Net Income (Loss) | (9,190,000) | (7,445,000) | (1,745,000) | |||||
Reallocation-Other Comprehensive Income | 0 | (237,000) | 237,000 | |||||
Other Comprehensive Income | 4,115,000 | 3,864,000 | 251,000 | |||||
Balance at Dec. 31, 2011 | 1,072,595,000 | 0 | 911,000 | 1,811,349,000 | (633,854,000) | (11,712,000) | (140,018,000) | 45,919,000 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Issuance of Common Stock, Net of Issuance Costs | 134,436,000 | 109,000 | 134,327,000 | |||||
Redemption of Preferred Stock | (50,044,000) | (48,240,000) | (1,804,000) | |||||
Stock Based Compensation Activity | 4,582,000 | 6,000 | 6,220,000 | (1,644,000) | ||||
Conversion of Units to Common Stock | 0 | 5,000 | 4,758,000 | (4,763,000) | ||||
Reallocation-Additional Paid in Capital | 0 | (1,924,000) | 1,924,000 | |||||
Preferred Dividends | (18,947,000) | (18,947,000) | ||||||
Net Income (Loss) | (2,519,000) | (1,318,000) | (1,201,000) | |||||
Reallocation-Other Comprehensive Income | 0 | (107,000) | 107,000 | |||||
Other Comprehensive Income | 5,550,000 | 5,262,000 | 288,000 | |||||
Balance at Dec. 31, 2012 | 1,145,653,000 | 0 | 1,031,000 | 1,906,490,000 | (657,567,000) | (6,557,000) | (140,018,000) | 42,274,000 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||
Issuance of Common Stock, Net of Issuance Costs | 173,785,000 | 107,000 | 173,678,000 | |||||
Redemption of Preferred Stock | (150,051,000) | (144,384,000) | (5,667,000) | |||||
Stock Based Compensation Activity | 4,532,000 | 4,000 | 5,476,000 | (948,000) | ||||
Conversion of Units to Common Stock | 0 | 1,000 | 995,000 | (996,000) | ||||
Reallocation-Additional Paid in Capital | 0 | (3,369,000) | 3,369,000 | |||||
Common Stock and Unit Distributions | (38,862,000) | (37,288,000) | (1,574,000) | |||||
Preferred Dividends | (8,733,000) | (8,733,000) | ||||||
Net Income (Loss) | 41,428,000 | 40,307,000 | 1,121,000 | |||||
Reallocation-Other Comprehensive Income | 0 | (31,000) | 31,000 | |||||
Other Comprehensive Income | 3,467,000 | 3,323,000 | 144,000 | |||||
Balance at Dec. 31, 2013 | $ 1,171,219,000 | $ 0 | $ 1,143,000 | $ 1,938,886,000 | $ (669,896,000) | $ (3,265,000) | $ (140,018,000) | $ 44,369,000 |
X | ||||||||||
- Definition
Change in Other Comprehensive Income as a result of a reallocation of a subsidiary's stockholders' equity. No definition available.
|
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of increase in noncontrolling interest from subsidiary issuance of equity interests to noncontrolling interest holders. No definition available.
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||
Net Income (Loss) | $ 41,428 | $ (2,519) | $ (9,190) |
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: | |||
Depreciation | 94,271 | 100,074 | 95,931 |
Amortization of Deferred Financing Costs | 3,225 | 3,460 | 3,963 |
Other Amortization | 30,632 | 35,097 | 36,390 |
Impairment of Real Estate | 2,652 | 1,246 | (2,661) |
Provision for Bad Debt | 726 | 542 | 1,110 |
Equity in Income of Joint Ventures | (136) | (1,559) | (980) |
Distributions from Joint Ventures | 177 | 1,580 | 1,033 |
Gain on Sale of Real Estate | (35,444) | (16,442) | (21,789) |
Gain on Change in Control of Interests | 0 | (776) | (689) |
Loss from Retirement of Debt | 6,637 | 9,684 | 5,459 |
Mark-to-Market (Gain) Loss on Interest Rate Protection Agreements | (52) | 328 | 1,718 |
(Increase) Decrease in Tenant Accounts Receivable, Prepaid Expenses and Other Assets, Net | (3,192) | 3,770 | (2,933) |
Increase in Deferred Rent Receivable | (4,516) | (3,504) | (7,733) |
(Decrease) Increase in Accounts Payable, Accrued Expenses, Other Liabilities, Rents Received in Advance and Security Deposits | (5,679) | 10,791 | (5,684) |
Decrease in Restricted Cash | 0 | 0 | 117 |
Payments of Premiums, Discounts and Prepayment Penalties Associated with Retirement of Debt | (4,978) | (7,065) | (6,528) |
Cash Book Overdraft | 0 | 1,715 | 0 |
Net Cash Provided by Operating Activities | 125,751 | 136,422 | 87,534 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||
Acquisitions of Real Estate | (73,642) | (55,508) | (5,277) |
Additions to Investment in Real Estate and Non-Acquisition Tenant Improvements and Lease Costs | (114,806) | (83,222) | (85,247) |
Net Proceeds from Sales of Investments in Real Estate | 126,250 | 82,503 | 75,953 |
Contributions to and Investments in Joint Ventures | (38) | (190) | (155) |
Distributions from Joint Ventures | 104 | 90 | 650 |
Repayments of Notes Receivable | 615 | 14,365 | 10,394 |
Decrease (Increase) in Escrows | 204 | (273) | (97) |
Net Cash Used in Investing Activities | (61,313) | (42,235) | (3,779) |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||
Debt and Equity Issuance Costs | (3,575) | (1,545) | (7,162) |
Proceeds from the Issuance of Common Stock, Net of Underwriter's Discount | 174,081 | 134,905 | 202,845 |
Repurchase and Retirement of Restricted Stock | (2,968) | (2,690) | (1,001) |
Common Stock and Unit Distributions | (29,025) | 0 | 0 |
Preferred Dividends Paid | (8,733) | (23,258) | (15,254) |
Redemption of Preferred Stock | (150,000) | (50,000) | 0 |
Payments on Interest Rate Swap Agreement | (1,079) | (1,144) | (489) |
Proceeds from Origination of Mortgage Loans Payable | 0 | 100,599 | 255,900 |
Repayments on Mortgage and Other Loans Payable | (85,680) | (39,121) | (71,983) |
Repayments of Senior Unsecured Notes | (29,769) | (166,153) | (234,307) |
Proceeds from Unsecured Credit Facility | 373,000 | 339,000 | 390,500 |
Repayments on Unsecured Credit Facility | (298,000) | (390,000) | (618,553) |
Net Cash Used in Financing Activities | (61,748) | (99,407) | (99,504) |
Net Effect of Exchange Rate Changes on Cash and Cash Equivalents | (51) | 5 | (61) |
Net Increase (Decrease) in Cash and Cash Equivalents | 2,690 | (5,220) | (15,749) |
Cash and Cash Equivalents, Beginning of Year | 4,938 | 10,153 | 25,963 |
Cash and Cash Equivalents, End of Year | $ 7,577 | $ 4,938 | $ 10,153 |
X | ||||||||||
- Definition
Additions to investment in real estate and non acquisition tenant improvements and lease costs. No definition available.
|
X | ||||||||||
- Definition
The cash inflow associated with the distributions to an entity, as well as, the cash inflow from the sale of an interest in an investment in an entity in which the reporting entity shares control of the entity with another party or group. No definition available.
|
X | ||||||||||
- Definition
In a Business combination, this element represents the amount of gain/loss recognized by the entity as a result of the change in control of the underlying real estate asset. This transaction was accounted for as a step acquisition utilizing the purchase method of accounting. No definition available.
|
X | ||||||||||
- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of assets used to generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities that result from activities that generate operating income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The change in cash during the period due to the net increase or decrease in outstanding checks, the liability that represents checks that have been issued but that have not cleared. The entity may classify these cash flows as financing or operating activities. Another element, Increase (Decrease) in Outstanding Checks, Financing Activities, represents cash flows from outstanding checks classified as financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as operating activities. This may include cash restricted for regulatory purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total of the cash outflow during the period which has been paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt and the cost incurred directly for the issuance of equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow to reacquire other equity not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for reacquisition of callable preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for incremental, external costs directly pertaining to an early extinguishment of debt, including legal costs and prepayment penalties, and excluding interest and repayment of debt principal. No definition available.
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow associated with principal collections from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash inflow from the sale of formerly productive land held for sale, anything permanently fixed to it, including buildings, structures on it, and so forth. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Organization and Formation of Company
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Dec. 31, 2013
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Disclosure Organization And Formation Of Company Additional Information [Abstract] | |
Organization and Formation of Company | 1. Organization and Formation of Company First Industrial Realty Trust, Inc. (the "Company") was organized in the state of Maryland on August 10, 1993. The Company is a real estate investment trust ("REIT") as defined in the Internal Revenue Code of 1986 (the "Code"). Unless the context otherwise requires, the terms "Company," "we," "us" and "our" refer to First Industrial Realty Trust, Inc., First Industrial, L.P. and their respective controlled subsidiaries. We refer to our operating partnership, First Industrial, L.P., as the "Operating Partnership." We began operations on July 1, 1994. Our operations are conducted primarily through the Operating Partnership, of which we are the sole general partner, and through our taxable REIT subsidiaries. The Company also owns a preferred partnership interest in the Operating Partnership represented by preferred units with an aggregate liquidation priority of $75,000 at December 31, 2013. We also conduct operations through other partnerships (the "Other Real Estate Partnerships") and limited liability companies, the operating data of which, together with that of the Operating Partnership and the taxable REIT subsidiaries, is consolidated with that of the Company as presented herein. First Industrial Realty Trust, Inc. does not have any significant assets or liabilities other than its investment in the Operating Partnership and its 100% ownership interest in the general partner of the Other Real Estate Partnerships. We also own noncontrolling equity interests in, and provide various services to, two joint ventures (the "2003 Net Lease Joint Venture" and the "2007 Europe Joint Venture"; collectively, the "Joint Ventures"). The Joint Ventures are accounted for under the equity method of accounting. Accordingly, the operating data of our Joint Ventures is not consolidated with that of the Company as presented herein. See Note 5 for more information on the Joint Ventures. As of December 31, 2013, we owned 652 industrial properties located in 25 states, containing an aggregate of approximately 63.0 million square feet of gross leasable area ("GLA"). Of the 652 properties owned by the Company on a consolidated basis, none of them are directly owned by First Industrial Realty Trust, Inc. Any references to the number of buildings and square footage in the financial statement footnotes are unaudited. |
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The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Basis of Presentation
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Dec. 31, 2013
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Disclosure Basis Of Presentation Additional Information [Abstract] | |
Basis of Presentation | 2. Basis of Presentation First Industrial Realty Trust, Inc. is the sole general partner of the Operating Partnership, with an approximate 96.0% and 95.5% ownership interest at December 31, 2013 and 2012, respectively. Noncontrolling interest of approximately 4.0% and 4.5% at December 31, 2013 and 2012, respectively, represents the aggregate partnership interest in the Operating Partnership held by the limited partners thereof. Our consolidated financial statements at December 31, 2013 and 2012 and for each of the years ended December 31, 2013, 2012 and 2011 include the accounts and operating results of the Company and our subsidiaries. Such financial statements present our noncontrolling equity interests in our Joint Ventures under the equity method of accounting. All intercompany transactions have been eliminated in consolidation. |
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The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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Summary of Significant Accounting Policies
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Significant Accounting Policies | 3. Summary of Significant Accounting Policies In order to conform with generally accepted accounting principles, we are required in preparation of our financial statements to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of December 31, 2013 and 2012, and the reported amounts of revenues and expenses for each of the years ended December 31, 2013, 2012 and 2011. Actual results could differ from those estimates. Reclassifications and Other Presentation Matters Certain reclassifications have been made to the 2012 Consolidated Balance Sheet to conform to the 2013 presentation. The results of operations for the years ended December 31, 2013 and 2012 includes adjustments to depreciation and amortization expense of $(1,640) and $1,528, respectively, which should have been recorded during previous periods. Management evaluated the impact of the adjustments and does not believe they are material to the results of the current year or any previous period. Cash and Cash Equivalents Cash and cash equivalents include all cash and liquid investments with an initial maturity of three months or less. The carrying amount approximates fair value due to the short term maturity of these investments. Investment in Real Estate and Depreciation Investment in real estate is carried at cost, less accumulated depreciation and amortization. We review our properties on a quarterly basis for impairment and provide a provision if impairments exist. To determine if an impairment may exist, we review our properties and identify those that have had either an event of change or event of circumstances warranting further assessment of recoverability (such as a decrease in occupancy or decline in general market conditions). If further assessment of recoverability is needed, we estimate the future net cash flows expected to result from the use of the property and its eventual disposition on an individual property basis. If the sum of the expected future net cash flows (undiscounted and without interest charges) is less than the carrying amount of the property on an individual property basis, we will recognize an impairment loss based upon the estimated fair value of such property. For properties we consider held for sale, we cease depreciating the properties and value the properties at the lower of depreciated cost or fair value, less costs to dispose. If circumstances arise that were previously considered unlikely, and, as a result, we decide not to sell a property previously classified as held for sale, we will reclassify such property as held and used. Such property is measured at the lower of its carrying amount (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or fair value at the date of the subsequent decision not to sell. We classify properties as held for sale when all criteria within the Financial Accounting Standards Board’s (the "FASB") guidance on the impairment or disposal of long-lived assets are met. Interest costs, real estate taxes, compensation costs of development personnel and other directly related costs incurred during construction periods are capitalized and depreciated commencing with the date the property is substantially completed. Upon substantial completion, we reclassify construction in progress to building, tenant improvements and leasing commissions. Such costs begin to be capitalized to the development projects from the point we are undergoing necessary activities to get the development ready for its intended use and ceases when the development projects are substantially completed and held available for occupancy. Depreciation expense is computed using the straight-line method based on the following useful lives:
Construction expenditures for tenant improvements, leasehold improvements and leasing commissions (inclusive of compensation costs of personnel attributable to leasing) are capitalized and amortized over the terms of each specific lease. Capitalized compensation costs of personnel attributable to leasing relate to time directly attributable to originating leases with independent third parties that result directly from and are essential to originating those leases and would not have been incurred had these leasing transactions not occurred. Repairs and maintenance are charged to expense when incurred. Expenditures for improvements are capitalized. Upon acquisition of a property, we allocate the purchase price of the property based upon the fair value of the assets acquired and liabilities assumed, which generally consists of land, buildings, tenant improvements, leasing commissions and intangible assets including in-place leases, above market and below market leases and tenant relationships. We allocate the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases. The above market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases, and the below market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below market fixed rate renewal options of the respective leases. The purchase price is further allocated to in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of deferred leasing intangibles, net are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and other amortization expense. If a tenant terminates its lease early, the unamortized portion of the tenant improvements, leasing commissions, above and below market leases, the in-place lease value and tenant relationships is immediately written off. Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:
Amortization expense related to in-place leases and tenant relationships, exclusive of amortization expense related to in-place leases and tenant relationships included in discontinued operations, was $6,153, $7,024 and $10,550 for the years ended December 31, 2013, 2012 and 2011, respectively. Rental revenues increased by $572, $797 and $1,456 related to net amortization of above/(below) market leases, exclusive of net amortization related to above/(below) market leases included in discontinued operations, for the years ended December 31, 2013, 2012 and 2011, respectively. We will recognize net amortization related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2013 as follows:
Foreign Currency Transactions and Translation At December 31, 2013, we owned a land parcel located in Toronto, Canada for which the functional currency was determined to be the Canadian dollar. The assets and liabilities related to this land parcel are translated to U.S. dollars from the Canadian dollar based on the current exchange rate prevailing at each balance sheet date. The income statement accounts related to this land parcel are translated using the average exchange rate for the period. The resulting translation adjustments are included in accumulated other comprehensive income. Deferred Financing Costs Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are being amortized over the terms of the respective loans. Accumulated amortization of deferred financing costs was $17,122 and $15,063 at December 31, 2013 and 2012, respectively. Unamortized deferred financing costs are written-off when debt is retired before the maturity date. Investments in Joint Ventures Investments in joint ventures represent our noncontrolling equity interests in our Joint Ventures. We account for our investments in joint ventures under the equity method of accounting, as we do not have a majority voting interest, operational control or financial control. Control is determined using accounting standards related to the consolidation of joint ventures and variable interest entities. In order to assess whether consolidation of a variable interest entity is required, an enterprise is required to qualitatively assess the determination of the primary beneficiary of a variable interest entity ("VIE") based on whether the entity (1) has the power to direct matters that most significantly impact the activities of the VIE and (2) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Additionally, they require an ongoing reconsideration of the primary beneficiary and provide a framework for the events that trigger a reassessment of whether an entity is a VIE. Under the equity method of accounting, our share of earnings or losses of our Joint Ventures is reflected in income as earned and contributions or distributions increase or decrease our investments in joint ventures as paid or received, respectively. Differences between our carrying value of our investments in joint ventures and our underlying equity of such Joint Ventures are amortized over the respective lives of the underlying assets. On a continuous basis, we assess whether there are any indicators that the value of our investments in joint ventures may be impaired. An investment is impaired if our estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in fair value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment. Our estimates of fair value for each investment are based on a number of subjective assumptions that are subject to economic and market uncertainties including, among others, demand for space, market rental rates and operating costs, the discount rate used to value the cash flows of the properties, the capitalization rate used to estimate the terminal value of the underlying properties and the discount rate used to value the Joint Ventures’ debt. As these factors are difficult to predict and are subject to future events that may alter our assumptions, our fair values estimated in the impairment analyses may not be realized. Stock Based Compensation We measure compensation cost for all stock-based awards at fair value on the date of grant and recognize compensation expense over the service period for awards expected to vest. Net income, net of preferred dividends and redemption of preferred stock, is allocated to common stockholders and participating securities based upon their proportionate share of weighted average shares plus weighted average participating securities. Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents. Restricted stock awards granted to employees and directors are considered participating securities as they receive non-forfeitable dividend or dividend equivalents at the same rate as common stock. See Note 10 for further disclosure about participating securities. Revenue Recognition Rental income is recognized on a straight-line method under which contractual rent increases are recognized evenly over the lease term. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as revenue in the same period the related expenses are incurred by us. Revenue is generally recognized on payments received from tenants for early lease terminations upon the effective termination of a tenant’s lease and when we have no further obligations under the lease. Interest income on notes receivable is recognized based on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected. We provide an allowance for doubtful accounts against the portion of tenant accounts receivable including deferred rent receivable, which is estimated to be uncollectible. Accounts receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $1,362 and $1,875 as of December 31, 2013 and 2012, respectively. Deferred rent receivable in the consolidated balance sheets is shown net of an allowance for doubtful accounts of $1,694 and $1,733 as of December 31, 2013 and 2012, respectively. For accounts receivable we deem uncollectible, we use the direct write-off method. Gain on Sale of Real Estate Gain on sale of real estate is recognized using the full accrual method, when appropriate. Gains relating to transactions which do not meet the full accrual method of accounting are deferred and recognized when the full accrual method of accounting criteria are met or by using the installment or deposit methods of profit recognition, as appropriate in the circumstances. As the assets are sold, their costs and related accumulated depreciation are written off with resulting gains or losses reflected in net income or loss. Estimated future costs to be incurred by us after completion of each sale are included in the determination of the gain on sales. Notes Receivable Notes receivable are primarily comprised of mortgage notes receivable that we have made in connection with sales of real estate assets. The notes receivable are recorded at fair value at the time of issuance. Discounts on notes receivable are accreted over the life of the related note receivable. Interest income is accrued as earned. Notes receivable are considered past due when a contractual payment is not remitted in accordance with the terms of the note agreement. On a quarterly basis, we evaluate the collectability of each mortgage note receivable on an individual basis based on various factors which may include payment history, expected fair value of the collateral and internal and external credit information. A loan is considered impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the note receivable to the present value of expected future cash flows. Since the majority of our notes receivable are collateralized by a first mortgage, the loans have risk characteristics similar to the risks in owning commercial real estate. Income Taxes We have elected to be taxed as a REIT under the Code. To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders. Management intends to continue to adhere to these requirements and to maintain our REIT status. As a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. Accordingly, we generally will not be subject to federal income taxes as long as we currently distribute to shareholders an amount equal to or in excess of our taxable income. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years. REIT qualification reduces, but does not eliminate, the amount of state and local taxes we pay. In addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. As a REIT, we may also be subject to certain federal excise and franchise taxes if we engage in certain types of transactions. A benefit/provision has been made for federal, state and local income taxes in the accompanying consolidated financial statements. In accordance with FASB’s guidance, the total benefit/provision has been separately allocated to income (loss) from continuing operations, income (loss) from discontinued operations and gain (loss) on sale of real estate. The provision for excise and franchise taxes has been reflected in general and administrative expense in the consolidated statements of operations and has not been separately stated due to its insignificance. During 2005, we recorded a $745 franchise tax reserve related to a potential state franchise tax assessment for the 1996-2001 tax years. During the year ended December 31, 2011, we received a refund from the state, representing amounts paid during 2006 related to the 1996-2001 tax years. Based on the refund received and discussions with the taxing authorities, as of December 31, 2011, management believes that it is unlikely that any franchise tax amounts will be assessed by the state for such tax years. As such, during the year ended December 31, 2011, we reversed $745 of franchise taxes. Franchise taxes are recorded within general and administrative expense. Earnings Per Share ("EPS") Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period. See Note 10 for further disclosure about EPS. Derivative Financial Instruments Historically, we have used interest rate protection agreements ("Agreements") to fix the interest rate on anticipated offerings of senior unsecured notes or convert floating rate debt and preferred stock to fixed rate. Receipts or payments that result from the settlement of Agreements used to fix the interest rate on anticipated offerings of senior unsecured notes are amortized over the life of the derivative or the life of the debt and included in interest expense. Receipts or payments resulting from Agreements used to convert floating rate debt to fixed rate debt are recognized as a component of interest expense. Agreements which qualify for hedge accounting are marked-to-market and any gain or loss that is effective is recognized in other comprehensive income (shareholders’ equity). Agreements which do not qualify for hedge accounting are marked-to-market and any gain or loss is recognized in net income (loss) immediately. Amounts accumulated in other comprehensive income during the hedge period are reclassified to earnings in the same period during which the forecasted transaction or hedged item affects net income (loss). The credit risks associated with Agreements are controlled through the evaluation and monitoring of the creditworthiness of the counterparty. In the event that the counterparty fails to meet the terms of Agreements, our exposure is limited to the current value of the interest rate differential, not the notional amount, and our carrying value of Agreements on the balance sheet. See Note 15 for more information on the Agreements. Fair Value of Financial Instruments Financial instruments other than our derivatives include tenant accounts receivable, notes receivable, accounts payable, other accrued expenses, mortgage loans payable, unsecured credit facility and senior unsecured notes. The fair values of the tenant accounts receivable, accounts payable and other accrued expenses approximate their carrying or contract values. See Note 6 for the fair values of the mortgage loans payable, unsecured credit facility and senior unsecured notes and see Note 4 for the fair value of our notes receivable. Discontinued Operations The FASB’s guidance on financial reporting for the disposal of long lived assets requires that the results of operations and gains or losses on the sale of property or property held for sale be presented in discontinued operations if both of the following criteria are met: (a) the operations and cash flows of the property have been (or will be) eliminated from the ongoing operations of the Company as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the property after the disposal transaction. The guidance also requires prior period results of operations for these properties to be reclassified and presented in discontinued operations in prior consolidated statements of operations. Segment Reporting Management views the Company as a single segment based on its method of internal reporting. Recent Accounting Pronouncements In February 2013, the FASB issued Accounting Standards Update No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"). ASU 2013-02 requires that public companies present, either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. ASU 2013-02 is effective for annual periods beginning after December 15, 2012, and is to be applied prospectively. The adoption of this guidance did not have a material impact on our consolidated financial statements. |
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Investment in Real Estate
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Investment in Real Estate | 4. Investment in Real Estate Acquisitions In 2011, we acquired one industrial property comprising approximately 0.7 million square feet of GLA through the purchase of the 85% equity interest in one property from the institutional investor in the 2003 Net Lease Joint Venture (see Note 5). The gross agreed-upon fair value for the industrial property was $30,625, excluding costs incurred in conjunction with the acquisition of the industrial property. The acquisition was funded through the assumption of a mortgage loan, whose carrying value approximated fair market value, in the amount of $24,417 and a cash payment of $5,277 (85% of the net fair value of the acquisition). We accounted for this transaction as a step acquisition utilizing the purchase method of accounting. Due to the change in control that occurred, we recorded a gain during the year ended December 31, 2011 of $689 related to the difference between our carrying value and fair value of our equity interest on the acquisition date. In 2012, we acquired one industrial property comprising approximately 0.4 million square feet of GLA through the purchase of the 85% equity interest in one property from the institutional investor in the 2003 Net Lease Joint Venture (see Note 5) and several land parcels. The gross agreed-upon fair value for the industrial property was $21,819, excluding costs incurred in conjunction with the acquisition of the industrial property. The acquisition was funded through the assumption of a mortgage loan, which was subsequently paid off on the date of acquisition and whose carrying value approximated fair market value, in the amount of $12,026 and a cash payment of $8,324 (85% of the net fair value of the acquisition). We accounted for this transaction as a step acquisition utilizing the purchase method of accounting. Due to the change in control that occurred, we recorded a gain during the year ended December 31, 2012 of $776 related to the difference between our carrying value and fair value of our equity interest on the acquisition date. The purchase price of the land parcels was approximately $46,695, excluding costs incurred in conjunction with the acquisition of the land parcels. In 2013, we acquired two industrial properties, one of which we acquired through the acquisition of 100% of the equity interest in the limited liability company that owned the industrial property, comprising approximately 1.1 million square feet of GLA and several land parcels. One of the two industrial properties was vacant upon acquisition. The purchase price of these acquisitions totaled approximately $72,812, excluding costs incurred in conjunction with the acquisition of the industrial properties and land parcels. We value third party acquisitions and acquisitions of unconsolidated joint venture partner interests in industrial properties on a similar basis, generally by applying an income capitalization approach. The fair value measurements are based on significant inputs not observable in the market and thus represent Level 3 measurements, as discussed below. The fair value estimates for each industrial property acquired from our joint venture partner during the years ended December 31, 2012 and 2011 were based on a weighted average capitalization rate approximating 7.3% and 8.4%, respectively. The fair value measurements also include consideration of the fair market value of debt. Intangible Assets (Liabilities) Subject To Amortization in the Period of Acquisition The fair value at the date of acquisition of in-place leases, tenant relationships and below market leases recorded due to the real estate properties acquired for the years ended December 31, 2013 and 2012, which are recorded as deferred leasing intangibles, are as follows:
The weighted average life in months of in-place leases, tenant relationships and below market leases recorded at the time of acquisition as a result of the real estate properties acquired for the years ended December 31, 2013 and 2012 is as follows:
Sales and Discontinued Operations In 2011, we sold 36 industrial properties comprising approximately 2.9 million square feet of GLA and one land parcel. Gross proceeds from the sales of the industrial properties and one land parcel were approximately $86,643. Included in the 36 industrial properties sold is one industrial property totaling approximately 0.4 million square feet of GLA that we transferred title to a lender in satisfaction of a non-recourse mortgage loan. The gain on sale of real estate was approximately $21,789, of which $20,419 is shown in discontinued operations. The 36 sold industrial properties meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 36 sold industrial properties are included in discontinued operations. The results of operations and gain on sale of real estate for the one land parcel, which does not meet the criteria to be included in discontinued operations, is included in continuing operations. In 2012, we sold 28 industrial properties comprising approximately 4.2 million square feet of GLA and one land parcel. Gross proceeds from the sales of the industrial properties and one land parcel were approximately $85,561. The gain on sale of real estate was approximately $16,442, of which $12,665 is shown in discontinued operations. The 28 sold industrial properties meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 28 industrial properties sold are included in discontinued operations. The results of operations and gain on sale of real estate for the one land parcel, which does not meet the criteria to be included in discontinued operations, is included in continuing operations. In 2013, we sold 67 industrial properties comprising approximately 3.0 million square feet of GLA and several land parcels. Gross proceeds from the sales of the industrial properties and land parcels were approximately $144,628. The gain on sale of real estate was approximately $35,444, of which $34,344 is shown in discounted operations. The 67 sold industrial properties meet the criteria to be included in discontinued operations. Therefore the results of operations and gain on sale of real estate for the 67 industrial properties sold are included in discontinued operations. The results of operations and gain on sale of real estate for the several land parcels, which do not meet the criteria to be included in discontinued operations, are included in continuing operations. The following table discloses certain information regarding the industrial properties included in our discontinued operations for the years ended December 31, 2013, 2012 and 2011:
At December 31, 2013 and 2012, we had notes receivable and accrued interest outstanding, issued in connection with sales of industrial properties, of approximately $52,605 and $40,771, net of a discount of $191 and $255, respectively, which are included as a component of prepaid expenses and other assets, net. At December 31, 2013 and 2012, the fair value of the notes receivable, including accrued interest, was $53,482 and $44,352, respectively. The fair value of our notes receivable was determined by discounting the future cash flows using the current rates at which similar loans with similar remaining maturities would be made to other borrowers. The current market rates we utilized were internally estimated; therefore, we have concluded that our determination of fair value of our notes receivable was primarily based upon Level 3 inputs, as discussed below. Impairment Charges During the years ended December 31, 2013, 2012 and 2011, we recorded the following net non-cash impairment charges (reversals):
The net impairment charges for assets that qualify to be classified as held for sale are calculated as the difference between the carrying value of the properties and land parcels and the estimated fair value, less costs to sell. The impairment charges for assets not held for sale are calculated as the difference between the carrying value of the properties and land parcels and the estimated fair value. The net impairment charges recorded during the years ended December 31, 2013, 2012 and 2011 are due to marketing certain properties and land parcels for sale and our assessment of the likelihood and timing of a potential sale transaction. Catch-up depreciation and amortization has been recorded during the years ended December 31, 2012 and 2011, if applicable, for certain assets that are no longer classified as held for sale. The accounting guidance for the fair value measurement provisions for the impairment of long lived assets establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The real estate assets measured at fair value on a non-recurring basis during the years ended December 31, 2013 and 2012 were either sold or are recorded at carrying value at December 31, 2013. The fair market values were determined using widely accepted valuation techniques including discounted cash flow analyses using expected cash flows, internal valuations of real estate and third party offers. For operational real estate assets, the most significant assumptions used in the discounted cash flow analyses included the discount rate, projected occupancy levels, market rental rates, capital expenditures and the terminal capitalization rate. For the valuation of land parcels, we reviewed recent comparable sales transactions, to the extent available, or if not available, we considered older comparable transactions, adjusted upward or downward to reflect management’s assumptions about current market conditions. In all cases, members of our management team that were responsible for the individual markets where the land parcels were located determined the internal valuations. Valuations based on third party offers include bona fide contract prices and letter of intent amounts that we believe are indicative of fair value. |
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The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments in Joint Ventures | 5. Investments in Joint Ventures On May 16, 2003, we entered into the 2003 Net Lease Joint Venture with an institutional investor to invest in industrial properties. We own a 15% equity interest in and provide property management services to the 2003 Net Lease Joint Venture. At December 31, 2013, the 2003 Net Lease Joint Venture owned four industrial properties comprising approximately 2.5 million square feet of GLA. During January 2014, the 2003 Net Lease Joint Venture sold two properties comprising approximately 1.6 million square feet of GLA. The 2003 Net Lease Joint Venture is considered a variable interest entity in accordance with the FASB guidance on the consolidation of variable interest entities. We continue to conclude that we are not the primary beneficiary of this venture. As of December 31, 2013, our investment in the 2003 Net Lease Joint Venture is $907. Our maximum exposure to loss is equal to our investment. We acquired the 85% equity interest in one property on February 13, 2012 and the 85% equity interest in another property on May 26, 2011, in each case from the institutional investor in the 2003 Net Lease Joint Venture (see Note 4). During December 2007, we entered into the 2007 Europe Joint Venture with an institutional investor to invest in, own, develop, redevelop and operate industrial properties. We continue to hold our 10% equity interest in the 2007 Europe Joint Venture. As of December 31, 2013, the 2007 Europe Joint Venture did not own any properties. During the years ended December 31, 2013, 2012 and 2011, we recognized fees of $231, $516 and $970, respectively, from our Joint Ventures. The combined summarized financial information of the investments in Joint Ventures is as follows:
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The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Indebtedness | 6. Indebtedness The following table discloses certain information regarding our indebtedness:
* The maturity date may be extended an additional year at our election, subject to certain restrictions. Mortgage Loans Payable, Net During the year ended December 31, 2012, we originated the following mortgage loans:
For Mortgage Financings I through VI, principal prepayments were prohibited for 12 months after loan origination, after which prepayment premiums are calculated at the greater of yield maintenance or 1% of the outstanding balance. During the years ended December 31, 2013 and 2012, we paid off and retired prior to maturity mortgage loans payable in the amount of $72,261 and $14,112, respectively. In connection with these pay offs prior to maturity, we recognized $1,578 and $361 as loss from retirement of debt for the years ended December 31, 2013 and 2012, respectively. As of December 31, 2013, mortgage loans payable are collateralized, and in some instances cross-collateralized, by industrial properties with a net carrying value of $826,754. We believe the Operating Partnership and the Company were in compliance with all covenants relating to mortgage loans payable as of December 31, 2013. Senior Unsecured Notes, Net During the years ended December 31, 2013 and 2012, we repurchased and retired the following senior unsecured notes prior to maturity:
In connection with these repurchases prior to maturity, we recognized $5,003 and $9,323 as loss from retirement of debt for the years ended December 31, 2013 and 2012, which is the difference between the repurchase price and the principal amount retired, net of the pro rata write-off of the unamortized debt issue discount, the unamortized deferred financing costs, the unamortized settlement amount of the interest rate protection agreements and the professional services fees related to the repurchases of $28, $191, $1,116 and $0 and $598, $728, $3,247 and $440, respectively. On April 16, 2012, we paid off and retired our 2012 Notes, at maturity, in the amount of $61,829. The indentures governing our senior unsecured notes contain certain financial covenants, including limitations on incurrence of debt and debt service coverage. We believe the Operating Partnership and the Company were in compliance with all covenants relating to senior unsecured notes as of December 31, 2013. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our noteholders in a manner that could impose and cause us to incur material costs. Unsecured Credit Facility On July 19, 2013, we amended and restated our existing $450,000 revolving credit agreement (the "Old Credit Facility"), increasing the borrowing capacity thereunder to $625,000 (as amended and restated, the "Unsecured Credit Facility"). We may request that the borrowing capacity under the Unsecured Credit Facility be increased to $825,000, subject to certain restrictions. The amendment extended the maturity date from December 12, 2014 to September 29, 2017 with an option to extend an additional one year at our election, subject to certain restrictions. At December 31, 2013, the Unsecured Credit Facility provides for interest only payments at LIBOR plus 150 basis points. The interest rate on the Unsecured Credit Facility varies based on our leverage ratio. In the event we achieve an investment grade rating from one of certain rating agencies, the rate may be decreased at our election, based on the investment grade rating. In connection with the amendment of the Old Credit Facility, we wrote off $56 of unamortized deferred financing costs, which is included in loss from retirement of debt for the year ended December 31, 2013. The Unsecured Credit Facility contains certain financial covenants, including limitations on incurrence of debt and debt service coverage. Under the Unsecured Credit Facility, an event of default can also occur if the lenders, in their good faith judgment, determine that a material adverse change has occurred which could prevent timely repayment or materially impair our ability to perform our obligations under the loan agreement. We believe that we were in compliance with all covenants relating to the Unsecured Credit Facility as of December 31, 2013. However, these financial covenants are complex and there can be no assurance that these provisions would not be interpreted by our lenders in a manner that could impose and cause us to incur material costs. Indebtedness The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:
Fair Value At December 31, 2013 and 2012, the fair value of our indebtedness was as follows:
The fair values of our mortgage loans payable were determined by discounting the future cash flows using the current rates at which similar loans would be made based upon similar leverage levels and similar remaining maturities. The current market rates we utilized were internally estimated. The fair value of the senior unsecured debt was determined by using rates, as advised by our bankers in certain cases, that are based upon recent trades within the same series of the senior unsecured debt, recent trades for senior unsecured debt with comparable maturities, recent trades for fixed rate unsecured debt from companies with profiles similar to ours, as well as overall economic conditions. The fair value of the Unsecured Credit Facility was determined by discounting the future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining term, assuming no repayment until maturity. We have concluded that our determination of fair value for our mortgage loans payable, senior unsecured debt and Unsecured Credit Facility was primarily based upon Level 3 inputs. |
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The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity | 7. Stockholders’ Equity Preferred Stock On May 27, 2004, we issued 50,000 Depositary Shares, each representing 1/100th of a share of our 6.236%, Series F Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (the "Series F Preferred Stock"), at an initial offering price of $1,000.00 per Depositary Share. Dividends on the Series F Preferred Stock are cumulative from the date of initial issuance and are payable quarterly in arrears. The coupon rate of our Series F Preferred Stock resets every quarter at 2.375% plus the greater of (i) the 30 year Treasury constant maturity treasury ("CMT") Rate, (ii) the 10 year Treasury CMT Rate or (iii) 3-month LIBOR. For the fourth quarter of 2013, the coupon rate was 6.065%. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series F Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series G Preferred Stock (hereinafter defined). The Series F Preferred Stock is redeemable for cash at our option, in whole or in part, at a redemption price of $1,000.00 per Depositary Share, or $50,000 in the aggregate, plus dividends accrued and unpaid to the redemption date. The Series F Preferred Stock has no stated maturity and is not convertible into any other securities of the Company. In October 2008, we entered into an interest rate swap agreement to mitigate our exposure to floating interest rates related to the forecasted reset rate of the coupon rate of our Series F Preferred Stock, which matured on October 1, 2013 (see Note 15). On February 3, 2014, we called for the redemption of the Series F Preferred Stock (see Note 17). On May 27, 2004, we issued 25,000 Depositary Shares, each representing 1/100th of a share of our 7.236%, Series G Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (the "Series G Preferred Stock"), at an initial offering price of $1,000.00 per Depositary Share. Dividends on the Series G Preferred Stock are cumulative from the date of initial issuance and are payable semi-annually in arrears for the period from the date of original issuance of the Series G Preferred Stock through March 31, 2014 (the "Series G Initial Fixed Rate Period"), commencing on September 30, 2004, at a rate of 7.236% per annum of the liquidation preference (the "Series G Initial Distribution Rate") (equivalent to $72.36 per Depositary Share). On or after March 31, 2014, the Series G Initial Distribution Rate is subject to reset, at our option, subject to certain conditions and parameters, at fixed or floating rates and periods. Fixed rates and periods will be determined through a remarketing procedure. Floating rates during floating rate periods will equal 2.500% (the initial credit spread), plus the greater of (i) the 3-month LIBOR, (ii) the 10 year Treasury CMT Rate, and (iii) the 30 year Treasury CMT Rate, reseting quarterly. Dividends on the Series G Preferred Stock are payable quarterly in arrears for floating rate periods. With respect to the payment of dividends and amounts upon liquidation, dissolution or winding up, the Series G Preferred Stock ranks senior to payments on our Common Stock and pari passu with our Series F Preferred Stock. On or after March 31, 2014, the Series G Preferred Stock is redeemable for cash at our option, in whole or in part, at a redemption price of $1,000.00 per Depositary Share, or $25,000 in the aggregate, plus dividends accrued and unpaid to the redemption date. The Series G Preferred Stock has no stated maturity and is not convertible into any other securities of the Company. On February 3, 2014, we called for the redemption of the Series G Preferred Stock (see Note 17). On January 13, 2006, we issued 6,000,000 Depositary Shares, each representing 1/10,000th of a share of our 7.25%, Series J Cumulative Redeemable Preferred Stock, $0.01 par value (the "Series J Preferred Stock"), at an initial offering price of $25.00 per Depositary Share. The Series J Preferred Stock is redeemable for cash at our option, in whole or in part, at a redemption price equivalent to $25.00 per Depositary Share, or $150,000 in the aggregate, plus dividends accrued and unpaid to the redemption date. On December 21, 2012, we redeemed 2,000,000 Depositary Shares of the Series J Preferred Stock at a redemption price of $25.00 per Depositary Share, and paid a pro-rated fourth quarter dividend of $0.407812 per Depositary Share, totaling $816. One-third of the initial offering costs associated with the issuance of the Series J Preferred Stock, as well as costs associated with the partial redemption, totaled $1,804 and are reflected as a deduction from net loss in determining earnings per share for the year ended December 31, 2012. The remaining 4,000,000 Depositary Shares of the Series J Preferred Stock were redeemed on April 11, 2013, at a redemption price of $25.00 per Depositary Share, and paid a pro-rated second quarter dividend of $0.055382 per Depositary Share, totaling $221. The remaining initial offering costs associated with the issuance of the Series J Preferred Stock, as well as costs associated with the redemption, totaled $3,546 and are reflected as a deduction from net income in determining earnings per share for the year ended December 31, 2013. On August 21, 2006, we issued 2,000,000 Depositary Shares, each representing 1/10,000th of a share of our 7.25%, Series K Flexible Cumulative Redeemable Preferred Stock, $0.01 par value (the "Series K Preferred Stock"), at an initial offering price of $25.00 per Depositary Share. The Series K Preferred Stock is redeemable for cash at our option, in whole or in part, at a redemption price equivalent to $25.00 per Depositary Share, or $50,000 in the aggregate, plus dividends accrued and unpaid to the redemption date. On July 18, 2013, we fully redeemed the Series K Preferred Stock at a redemption price of $25.00 per Depositary Share, and paid a pro-rated third quarter dividend of $0.090625 per Depositary Share, totaling $181. The initial offering costs associated with the issuance of the Series K Preferred Stock, as well as costs associated with the redemption, totaled $2,121 and are reflected as a deduction from net income in determining earnings per share for the year ended December 31, 2013. The Company has 10,000,000 shares of preferred stock authorized. All series of preferred stock have no stated maturity (although we may redeem all such preferred stock on or following their optional redemption dates at our option, in whole or in part). The following table summarizes the preferred shares outstanding at December 31, 2013 and 2012:
Shares of Common Stock For the years ended December 31, 2013, 2012 and 2011, 105,028, 535,026, and 125,784 limited partnership interests in the Operating Partnership ("Units"), respectively, were converted into an equivalent number of shares of common stock, resulting in a reclassification of $996, $4,763 and $1,109, respectively, of noncontrolling interest to First Industrial Realty Trust Inc.’s stockholders’ equity. During the years ended December 31, 2013, 2012 and 2011, we issued 8,400,000, 9,400,000 and 17,300,000 shares of the Company’s common stock in an underwritten public offering. Net proceeds to us for the years ended December 31, 2013, 2012 and 2011, were $132,050, $116,715 and $201,150, respectively. On February 28, 2011, we entered into distribution agreements with sales agents to sell up to 10,000,000 shares of the Company’s common stock, for up to $100,000 aggregate gross sale proceeds, from time to time in "at-the-market" offerings (the "2011 ATM"). During the year ended December 31, 2011, we issued 115,856 shares of the Company’s common stock under the 2011 ATM resulting in net proceeds to us of $1,391. On February 29, 2012, we terminated the 2011 ATM in preparation for the commencement of the 2012 ATM (defined hereafter). On March 1, 2012, we entered into distribution agreements with sales agents to sell up to 12,500,000 shares of the Company’s common stock, for up to $125,000 aggregate gross sale proceeds, from time to time in "at-the-market" offerings (the "2012 ATM"). During the years ended December 31, 2013 and 2012, we issued 2,315,704 and 1,532,598 shares, respectively, of the Company’s common stock under the 2012 ATM resulting in net proceeds to us of $41,735 and $18,063. Under the terms of the ATMs, sales are to be made primarily in transactions that are deemed to be "at-the-market" offerings, including sales made directly on the New York Stock Exchange or sales made through a market maker other than on an exchange or by privately negotiated transactions. The following table is a roll-forward of our shares of common stock outstanding, including unvested restricted shares of common stock (see Note 14), for the three years ended December 31, 2013:
Dividends/Distributions The coupon rate of our Series F Preferred Stock resets every quarter at 2.375% plus the greater of (i) the 30 year Treasury CMT Rate, (ii) the 10 year Treasury CMT Rate or (iii) 3-month LIBOR. For the fourth quarter of 2013, the coupon rate was 6.065%. See Note 15 for additional derivative information related to the Series F Preferred Stock coupon rate reset. The following table summarizes dividends/distributions accrued during the past three years:
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Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
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Accumulated Other Comprehensive Loss | 8. Accumulated Other Comprehensive Loss The following tables summarize the changes in accumulated other comprehensive loss by component and the reclassifications out of accumulated other comprehensive loss for the year ended December 31, 2013:
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The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Information to Statements of Cash Flows
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Supplemental Information to Statements of Cash Flows | 9. Supplemental Information to Statements of Cash Flows
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Earnings Per Share (EPS)
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Earnings Per Share (EPS) | 10. Earnings Per Share (EPS) The computation of basic and diluted EPS is presented below:
Participating securities include 488,861, 288,627 and 673,381 of unvested restricted stock awards outstanding at December 31, 2013, 2012 and 2011, respectively, which participate in non-forfeitable dividends of the Company. Under the two class method, participating security holders are allocated income, in proportion to total weighted average shares outstanding, based upon the greater of net income (after reduction for preferred dividends and redemption of preferred stock) or common dividends declared. Since participating security holders are not obligated to share in losses and no common dividends were declared during the years ended December 31, 2012 and 2011, there was no allocation of income to participating security holders for the years ended December 31, 2012 and 2011. The number of weighted average shares—diluted is the same as the number of weighted average shares—basic for the years ended December 31, 2013, 2012 and 2011, as the effect of LTIP Unit Awards (as defined in Note 14) which do not participate in non-forfeitable dividends of the Company was excluded as its inclusion would have been antidilutive to the loss from continuing operations available to First Industrial Realty Trust, Inc.’s common stockholders. The following awards could be dilutive in future periods:
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Income Taxes
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Taxes | 11. Income Taxes The components of income tax benefit (provision) for the years ended December 31, 2013, 2012 and 2011 are comprised of the following:
Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2013 and 2012:
A valuation allowance is recorded if we believe it is more likely than not that all or some portion of our deferred tax assets will not be realized. We do not have projections of future taxable income or other sources of taxable income in the taxable REIT subsidiaries significant enough to allow us to believe it is more likely than not that we will realize our deferred tax assets. Therefore, we have recorded a valuation allowance against our deferred tax assets. An increase or decrease in the valuation allowance that results from a change in circumstances, and which causes a change in our judgment about the realizability of the related deferred tax assets, is included in the current tax provision. The income tax benefit (provision) pertaining to income (loss) from continuing operations and gain on sale of real estate differs from the amounts computed by applying the applicable federal statutory rate as follows:
We evaluate tax positions taken in the financial statements on a quarterly basis under the interpretation for accounting for uncertainty in income taxes. As a result of this evaluation, we may recognize a tax benefit from an uncertain tax position only if it is "more-likely-than-not" that the tax position will be sustained on examination by taxing authorities. As of December 31, 2013, we do not have any unrecognized tax benefits. We file income tax returns in the U.S., and various states and foreign jurisdictions. In general, the statutes of limitations for income tax returns remain open for the years 2010 through 2013. IRS Tax Refund On August 24, 2009, we received a private letter ruling from the IRS granting favorable loss treatment under Sections 331 and 336 of the Code on the tax liquidation of one of our former taxable REIT subsidiaries. On November 6, 2009, legislation was signed that allowed businesses with net operating losses for 2008 or 2009 to carry back those losses for up to five years. As a result, we received a refund from the IRS of $40,418 in the fourth quarter of 2009 (the "Refund") in connection with this tax liquidation. The IRS examination team, which is required by statute to review all refund claims in excess of $2,000 on behalf of the Joint Committee on Taxation, indicated to us that it disagreed with certain of the property valuations we obtained from an independent valuation expert in support of our fair value of the liquidated taxable REIT subsidiary and our claim for the Refund. During the year ended December 31, 2012, we reached an agreement with the regional office of the IRS on a proposed adjustment to the Refund. The total agreed-upon adjustment to taxable income was $13,700, which equates to $4,806 of taxes owed. We were also required to pay accrued interest of approximately $500. During the year ended December 31, 2012, the Company recorded a charge for the agreed-upon adjustment and the related estimated accrued interest which was reflected as a component of income tax expense. During the year ended December 31, 2013, the settlement amount was approved by the Joint Committee on Taxation and we paid the agreed upon taxes and related accrued interest. As a result of the Joint Committee on Taxation's approval during 2013, we entered into closing agreements with the IRS that determined the timing of the settlement on the tax characterization of the limited partners of the Operating Partnership and the stockholders of the Company. Pursuant to these closing agreements, $8,238 of the preferred stock distributions for the year ended December 31, 2012 are taxable as capital gain. As revised, for income tax purposes, 35.42% of our 2012 preferred stock distributions are classified as long term capital gains and 64.58% are classified as return of capital. Federal Income Tax Treatment of Share Distributions For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. We did not pay common share distributions for the years ended December 31, 2012 and 2011. For the year ended December 31, 2013, the distributions per common share were classified as follows:
For income tax purposes, distributions paid to preferred shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2013, 2012 and 2011, the preferred distributions per depositary share were classified as follows:
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The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Restructuring Costs
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Dec. 31, 2013
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Restructuring Costs [Abstract] | |
Restructuring Costs | 12. Restructuring Costs We committed to a plan to reduce organizational and overhead costs in October 2008 and had subsequently modified that plan during 2011 with the goal of further reducing those costs. During the year ended December 31, 2011, we recognized $1,553 in restructuring costs, of which $1,200 related to the termination of certain office leases and $353 related to other expenses. At December 31, 2013 and 2012, $1,130 and $1,464, respectively, relating to unpaid restructuring expense was included in accounts payable, accrued expenses and other liabilities. |
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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Future Rental Revenues
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Operating Leases, Future Minimum Payments Receivable [Abstract] | |||||||||||||||||||||||||||||||||||||
Future Rental Revenues | 13. Future Rental Revenues Our properties are leased to tenants under net and semi-net operating leases. Minimum lease payments receivable, excluding tenant reimbursements of expenses, under non-cancelable operating leases in effect as of December 31, 2013 are approximately as follows:
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The entire disclosure for operating leases of a lessor. This may include a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stock Based Compensation
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Stock Based Compensation | 14. Stock Based Compensation We maintain five stock incentive plans, (the "Stock Incentive Plans") which are administered by the Compensation Committee of the Board of Directors. There are 11,500,000 shares authorized for issuance under the Stock Incentive Plans. Only officers, certain employees, our Independent Directors and our affiliates generally are eligible to participate in the Stock Incentive Plans. The Stock Incentive Plans authorize (i) the grant of stock options that qualify as incentive stock options under Section 422 of the Code, (ii) the grant of stock options that do not so qualify, (iii) restricted stock/unit awards (including awards subject to performance conditions), and (iv) dividend equivalent rights. The exercise price of the stock options is determined by the Compensation Committee. Special provisions apply to awards granted under the Stock Incentive Plans in the event of a change in control in the Company. As of December 31, 2013, awards covering 373,243 shares of common stock were available to be granted under the Stock Incentive Plans. In September 1994, the Board of Directors approved and we adopted a 401(k)/Profit Sharing Plan. Under our 401(k)/Profit Sharing Plan, all eligible employees may participate by making voluntary contributions. We may make, but are not required to make, matching contributions. For the years ended December 31, 2013, 2012 and 2011, matching contributions of $300, $284 and $197, respectively, were recorded. For the years ended December 31, 2013, 2012 and 2011, we awarded 284,461, 565,137 and 292,339 shares, respectively, of restricted stock awards to certain employees, which had a fair value of $4,719, $7,065 and $3,248 on the date of approval by the Compensation Committee of the Board of Directors and/or the Board of Directors. These restricted stock awards generally vest over a period of three years. Compensation expense will be charged to earnings over the vesting period for the shares expected to vest except if the recipient is not required to provide future service in exchange for vesting of the share. If vesting of a recipient's restricted stock awards is not contingent upon future service, the expense is recognized immediately at the date of grant. During the years ended December 31, 2013 and 2012, we recognized $1,008 and $3,649 of compensation expense related to restricted stock awards granted to our Chief Executive Officer for which future service was not required. The Board of Directors adopted the 2013 Long-Term Incentive Program ("LTIP") and effective July 1, 2013, certain officers and employees were granted 718,960 performance units ("LTIP Unit Awards"). The LTIP Unit Awards had a fair value of $5,411 on the grant date as determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation. The LTIP Unit Awards vest based upon the relative total shareholder return ("TSR") of our common stock compared to the TSRs of the MSCI US REIT Index and the NAREIT Industrial Index. The TSR for half of the granted units is calculated based upon the performance from July 1, 2013 through June 30, 2014 and the other half is calculated based upon the performance from July 1, 2013 through December 31, 2015. Compensation expense will be charged to earnings on a straight-line basis over the respective performance periods. At the end of the respective performance periods, each participant will be issued shares of our common stock equal to the maximum shares issuable to the participant for the performance period multiplied by a percentage, ranging from 0% to 100% , based on our TSR as compared to the TSR of the MSCI US REIT Index and the NAREIT Industrial Index. The participants will also be entitled to dividend equivalents for shares issued pursuant to vested LTIP Unit Awards, of which dividend equivalents represent any common dividends that would have been paid with respect to such issued shares after the grant of the LTIP Unit Awards and prior to the date of settlement. As mentioned above, the fair value of the LTIP Unit Awards at issuance was determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using the following assumptions:
For the years ended December 31, 2013, 2012 and 2011, we recognized $6,202, $8,559 and $3,759 in amortization related to restricted stock and unit awards and LTIP Unit Awards, of which $43, $32 and $0, respectively, was capitalized in connection with development activities. At December 31, 2013, we had $7,319 in unrecognized compensation related to unvested restricted stock and LTIP Unit Awards. The weighted average period that the unrecognized compensation is expected to be recognized is 0.83 years. Restricted stock and unit award and LTIP Unit Award transactions for the year ended December 31, 2013 are summarized as follows:
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The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivatives
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Derivatives | 15. Derivatives Our objectives in using interest rate derivatives are to add stability to interest expense or preferred stock dividends and to manage our cash flow volatility and exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps as part of our interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. Our Series F Preferred Stock is subject to a coupon rate reset. The coupon rate resets every quarter at 2.375% plus the greater of i) the 30 year Treasury CMT Rate, ii) the 10 year Treasury CMT Rate or iii) 3-month LIBOR. For the fourth quarter of 2013, the new coupon rate was 6.065%. In October 2008, we entered into an interest rate swap agreement with a notional value of $50,000 to mitigate our exposure to floating interest rates related to the forecasted reset rate of the coupon rate of our Series F Preferred Stock (the "Series F Agreement"). This Series F Agreement fixes the 30 year Treasury CMT rate at 5.2175%. Accounting guidance for derivatives does not permit hedge accounting treatment related to equity instruments and therefore the mark-to-market gains or losses related to this agreement are recorded in the statement of operations. For the years ended December 31, 2013 and 2012, gains of $52 and losses of $328, respectively, are recognized as mark-to-market gain (loss) on interest rate protection agreements. Quarterly payments are treated as a component of the mark-to-market gains or losses and totaled $774 and $1,169 for the years ended December 31, 2013 and 2012, respectively. The Series F Agreement matured on October 1, 2013. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income ("OCI") and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $1,358 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods. The following is a summary of the terms of our Series F Agreement and its fair value, which is included in accounts payable, accrued expenses and other liabilities on the accompanying consolidated balance sheets:
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The following is a summary of the impact of the derivatives in cash flow hedging relationships on the statements of operations and the statements of OCI for the years ended December 31, 2013 and 2012:
The guidance for fair value measurement of financial instruments includes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following table sets forth our financial liability related to the Series F Agreement that is accounted for at fair value on a recurring basis as of December 31, 2012:
The following table presents the quantitative information about the Level 3 fair value measurements at December 31, 2012:
________________ (A) Represents the forward 30 year Treasury CMT Rate. (B) Represents credit default swap spread curve used in the valuation analysis at December 31, 2012. The valuation of the Series F Agreement was determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the instrument. This analysis reflected the contractual terms of the agreement including the period to maturity. In adjusting the fair value of the Series F Agreement for the effect of nonperformance risk, we had considered the impact of netting and any applicable credit enhancement. To comply with the provisions of fair value measurement, we calculated a credit valuation adjustment to appropriately reflect both our own nonperformance risk and our counterparty’s nonperformance risk in the fair value measurements. We considered the Series F Agreement to be classified as Level 3 in the fair value hierarchy due to a significant number of unobservable inputs. The Series F Agreement swapped a fixed rate of 5.2175% for floating rate payments based on 30 year Treasury CMT rate. No market observable prices exist for long dated Treasuries. Therefore, we have classified the Series F Agreement in its entirety as Level 3. The following table presents a reconciliation of our liability classified as Level 3 at December 31, 2013 and 2012:
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Commitments and Contingencies
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Commitments and Contingencies | 16. Commitments and Contingencies In the normal course of business, we are involved in legal actions arising from the ownership of our industrial properties. In our opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a materially adverse effect on our consolidated financial position, operations or liquidity. Three properties have leases granting the tenants options to purchase the property. Such options are exercisable at various times at appraised fair market value or at a fixed purchase price in excess of our depreciated cost of the asset. We have no notice of any exercise of any tenant purchase option. At December 31, 2013, we had an outstanding letter of credit and performance bonds in the aggregate amount of $8,054. In conjunction with the development of industrial properties, we have entered into agreements with general contractors for the construction of industrial buildings. At December 31, 2013, we have three industrial buildings totaling approximately 0.8 million square feet of GLA that are under construction. The estimated total construction costs as of December 31, 2013, are approximately $49,200 (unaudited). Of this amount, approximately $23,900 (unaudited) remains to be funded. There can be no assurance that the actual completion cost will not exceed the estimated completion cost stated above. Ground and Operating Lease Agreements For the years ended December 31, 2013, 2012 and 2011, we recognized $1,440, $1,565 and $1,955, respectively, in operating and ground lease expense. Future minimum rental payments under the terms of all non-cancelable ground and operating leases under which we are the lessee as of December 31, 2013 are as follows:
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Events
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Dec. 31, 2013
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Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events From January 1, 2014 to February 27, 2014, we acquired one industrial property for a purchase price of approximately $13,400, excluding costs incurred in conjunction with the acquisition and we sold one industrial property for approximately $1,335. Additionally, in January 2014 the 2003 Net Lease Joint Venture sold two industrial properties (see Note 5). On January 29, 2014, we entered into a $200,000 unsecured loan with a seven-year term. The loan features interest-only payments and initially bears an interest rate of LIBOR plus 175 basis points. The rate is subject to adjustment based on our leverage ratio or credit ratings. We also entered into interest rate swap agreements, with an aggregate notional value of $200,000, to convert the term loan's LIBOR rate to a fixed rate of approximately 4.04% per annum, based on the loan's current spread. On February 3, 2014, we announced that we will redeem all 50,000 Depositary Shares of our Series F Preferred Stock. The redemption price will be $1,000.00 per Depositary Share, or $50,000, plus all accumulated and unpaid distributions to and including the date of redemption, March 6, 2014. We also announced that we will redeem all 25,000 Depositary Shares of our Series G Preferred Stock. The redemption price will be $1,000.00 per Depositary Share, or $25,000 plus all accumulated and unpaid distributions to and including the date of redemption, March 31, 2014. |
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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information (unaudited) | 18. Quarterly Financial Information (unaudited) The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2013 and all fiscal quarters in 2012 have been revised in accordance with guidance on accounting for discontinued operations. Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities and basic and diluted EPS from Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders have not been affected.
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The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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REAL ESTATE AND ACCUMULATED DEPRECIATION
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SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
REAL ESTATE AND ACCUMULATED DEPRECIATION | SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013
FIRST INDUSTRIAL REALTY TRUST, INC. SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION As of December 31, 2013 NOTES:
(j) Depreciation is computed based upon the following estimated lives:
(k) Includes foreign currency translation adjustments. At December 31, 2013, the aggregate cost of land and buildings and equipment for federal income tax purpose was approximately $3.1 billion (excluding construction in progress). The changes in investment in real estate, including investment in real estate held for sale, for the three years ended December 31, 2013 are as follows:
The changes in accumulated depreciation, including accumulated depreciation for real estate held for sale, for the three years ended December 31, 2013 are as follows:
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The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule IV: Mortgage Loans on Real Estate
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Mortgage Loans on Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Loans on Real Estate |
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The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Policies)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reclassification and Other Presentation Matters | Reclassifications and Other Presentation Matters Certain reclassifications have been made to the 2012 Consolidated Balance Sheet to conform to the 2013 presentation. The results of operations for the years ended December 31, 2013 and 2012 includes adjustments to depreciation and amortization expense of $(1,640) and $1,528, respectively, which should have been recorded during previous periods. Management evaluated the impact of the adjustments and does not believe they are material to the results of the current year or any previous period. |
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Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents include all cash and liquid investments with an initial maturity of three months or less. The carrying amount approximates fair value due to the short term maturity of these investments. |
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Investment in Real Estate and Depreciation | Investment in Real Estate and Depreciation Investment in real estate is carried at cost, less accumulated depreciation and amortization. We review our properties on a quarterly basis for impairment and provide a provision if impairments exist. To determine if an impairment may exist, we review our properties and identify those that have had either an event of change or event of circumstances warranting further assessment of recoverability (such as a decrease in occupancy or decline in general market conditions). If further assessment of recoverability is needed, we estimate the future net cash flows expected to result from the use of the property and its eventual disposition on an individual property basis. If the sum of the expected future net cash flows (undiscounted and without interest charges) is less than the carrying amount of the property on an individual property basis, we will recognize an impairment loss based upon the estimated fair value of such property. For properties we consider held for sale, we cease depreciating the properties and value the properties at the lower of depreciated cost or fair value, less costs to dispose. If circumstances arise that were previously considered unlikely, and, as a result, we decide not to sell a property previously classified as held for sale, we will reclassify such property as held and used. Such property is measured at the lower of its carrying amount (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or fair value at the date of the subsequent decision not to sell. We classify properties as held for sale when all criteria within the Financial Accounting Standards Board’s (the "FASB") guidance on the impairment or disposal of long-lived assets are met. Interest costs, real estate taxes, compensation costs of development personnel and other directly related costs incurred during construction periods are capitalized and depreciated commencing with the date the property is substantially completed. Upon substantial completion, we reclassify construction in progress to building, tenant improvements and leasing commissions. Such costs begin to be capitalized to the development projects from the point we are undergoing necessary activities to get the development ready for its intended use and ceases when the development projects are substantially completed and held available for occupancy. Depreciation expense is computed using the straight-line method based on the following useful lives:
Construction expenditures for tenant improvements, leasehold improvements and leasing commissions (inclusive of compensation costs of personnel attributable to leasing) are capitalized and amortized over the terms of each specific lease. Capitalized compensation costs of personnel attributable to leasing relate to time directly attributable to originating leases with independent third parties that result directly from and are essential to originating those leases and would not have been incurred had these leasing transactions not occurred. Repairs and maintenance are charged to expense when incurred. Expenditures for improvements are capitalized. Upon acquisition of a property, we allocate the purchase price of the property based upon the fair value of the assets acquired and liabilities assumed, which generally consists of land, buildings, tenant improvements, leasing commissions and intangible assets including in-place leases, above market and below market leases and tenant relationships. We allocate the purchase price to the fair value of the tangible assets of an acquired property by valuing the property as if it were vacant. Acquired above and below market leases are valued based on the present value of the difference between prevailing market rates and the in-place rates measured over a period equal to the remaining term of the lease for above market leases and the initial term plus the term of any below market fixed rate renewal options for below market leases. The above market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases, and the below market lease values are amortized as an increase to base rental revenue over the remaining initial terms plus the terms of any below market fixed rate renewal options of the respective leases. The purchase price is further allocated to in-place lease values and tenant relationships based on our evaluation of the specific characteristics of each tenant’s lease and our overall relationship with the respective tenant. The value of in-place lease intangibles and tenant relationships, which are included as components of deferred leasing intangibles, net are amortized over the remaining lease term (and expected renewal periods of the respective lease for tenant relationships) as adjustments to depreciation and other amortization expense. If a tenant terminates its lease early, the unamortized portion of the tenant improvements, leasing commissions, above and below market leases, the in-place lease value and tenant relationships is immediately written off. Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:
Amortization expense related to in-place leases and tenant relationships, exclusive of amortization expense related to in-place leases and tenant relationships included in discontinued operations, was $6,153, $7,024 and $10,550 for the years ended December 31, 2013, 2012 and 2011, respectively. Rental revenues increased by $572, $797 and $1,456 related to net amortization of above/(below) market leases, exclusive of net amortization related to above/(below) market leases included in discontinued operations, for the years ended December 31, 2013, 2012 and 2011, respectively. We will recognize net amortization related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2013 as follows:
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Foreign Currency Transactions and Translation | Foreign Currency Transactions and Translation At December 31, 2013, we owned a land parcel located in Toronto, Canada for which the functional currency was determined to be the Canadian dollar. The assets and liabilities related to this land parcel are translated to U.S. dollars from the Canadian dollar based on the current exchange rate prevailing at each balance sheet date. The income statement accounts related to this land parcel are translated using the average exchange rate for the period. The resulting translation adjustments are included in accumulated other comprehensive income. |
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Deferred Financing Costs | Deferred Financing Costs Deferred financing costs include fees and costs incurred to obtain long-term financing. These fees and costs are being amortized over the terms of the respective loans. Accumulated amortization of deferred financing costs was $17,122 and $15,063 at December 31, 2013 and 2012, respectively. Unamortized deferred financing costs are written-off when debt is retired before the maturity date. |
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Investments in Joint Ventures | Investments in Joint Ventures Investments in joint ventures represent our noncontrolling equity interests in our Joint Ventures. We account for our investments in joint ventures under the equity method of accounting, as we do not have a majority voting interest, operational control or financial control. Control is determined using accounting standards related to the consolidation of joint ventures and variable interest entities. In order to assess whether consolidation of a variable interest entity is required, an enterprise is required to qualitatively assess the determination of the primary beneficiary of a variable interest entity ("VIE") based on whether the entity (1) has the power to direct matters that most significantly impact the activities of the VIE and (2) has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Additionally, they require an ongoing reconsideration of the primary beneficiary and provide a framework for the events that trigger a reassessment of whether an entity is a VIE. Under the equity method of accounting, our share of earnings or losses of our Joint Ventures is reflected in income as earned and contributions or distributions increase or decrease our investments in joint ventures as paid or received, respectively. Differences between our carrying value of our investments in joint ventures and our underlying equity of such Joint Ventures are amortized over the respective lives of the underlying assets. On a continuous basis, we assess whether there are any indicators that the value of our investments in joint ventures may be impaired. An investment is impaired if our estimate of the fair value of the investment is less than the carrying value of the investment, and such decline in fair value is deemed to be other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment. Our estimates of fair value for each investment are based on a number of subjective assumptions that are subject to economic and market uncertainties including, among others, demand for space, market rental rates and operating costs, the discount rate used to value the cash flows of the properties, the capitalization rate used to estimate the terminal value of the underlying properties and the discount rate used to value the Joint Ventures’ debt. As these factors are difficult to predict and are subject to future events that may alter our assumptions, our fair values estimated in the impairment analyses may not be realized. |
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Stock Based Compensation | Stock Based Compensation We measure compensation cost for all stock-based awards at fair value on the date of grant and recognize compensation expense over the service period for awards expected to vest. Net income, net of preferred dividends and redemption of preferred stock, is allocated to common stockholders and participating securities based upon their proportionate share of weighted average shares plus weighted average participating securities. Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents. Restricted stock awards granted to employees and directors are considered participating securities as they receive non-forfeitable dividend or dividend equivalents at the same rate as common stock. See Note 10 for further disclosure about participating securities. |
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Revenue Recognition | Revenue Recognition Rental income is recognized on a straight-line method under which contractual rent increases are recognized evenly over the lease term. Tenant recovery income includes payments from tenants for real estate taxes, insurance and other property operating expenses and is recognized as revenue in the same period the related expenses are incurred by us. Revenue is generally recognized on payments received from tenants for early lease terminations upon the effective termination of a tenant’s lease and when we have no further obligations under the lease. Interest income on notes receivable is recognized based on the accrual method unless a significant uncertainty of collection exists. If a significant uncertainty exists, interest income is recognized as collected. We provide an allowance for doubtful accounts against the portion of tenant accounts receivable including deferred rent receivable, which is estimated to be uncollectible. Accounts receivable in the consolidated balance sheets are shown net of an allowance for doubtful accounts of $1,362 and $1,875 as of December 31, 2013 and 2012, respectively. Deferred rent receivable in the consolidated balance sheets is shown net of an allowance for doubtful accounts of $1,694 and $1,733 as of December 31, 2013 and 2012, respectively. For accounts receivable we deem uncollectible, we use the direct write-off method. |
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Gain on Sale of Real Estate | Gain on Sale of Real Estate Gain on sale of real estate is recognized using the full accrual method, when appropriate. Gains relating to transactions which do not meet the full accrual method of accounting are deferred and recognized when the full accrual method of accounting criteria are met or by using the installment or deposit methods of profit recognition, as appropriate in the circumstances. As the assets are sold, their costs and related accumulated depreciation are written off with resulting gains or losses reflected in net income or loss. Estimated future costs to be incurred by us after completion of each sale are included in the determination of the gain on sales. |
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Notes Receivable | Notes Receivable Notes receivable are primarily comprised of mortgage notes receivable that we have made in connection with sales of real estate assets. The notes receivable are recorded at fair value at the time of issuance. Discounts on notes receivable are accreted over the life of the related note receivable. Interest income is accrued as earned. Notes receivable are considered past due when a contractual payment is not remitted in accordance with the terms of the note agreement. On a quarterly basis, we evaluate the collectability of each mortgage note receivable on an individual basis based on various factors which may include payment history, expected fair value of the collateral and internal and external credit information. A loan is considered impaired when, based upon current information and events, it is probable that we will be unable to collect all amounts due under the existing contractual terms. When a loan is considered impaired, the amount of the loss accrual is calculated by comparing the carrying amount of the note receivable to the present value of expected future cash flows. Since the majority of our notes receivable are collateralized by a first mortgage, the loans have risk characteristics similar to the risks in owning commercial real estate. |
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Income Taxes | Income Taxes We have elected to be taxed as a REIT under the Code. To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders. Management intends to continue to adhere to these requirements and to maintain our REIT status. As a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. Accordingly, we generally will not be subject to federal income taxes as long as we currently distribute to shareholders an amount equal to or in excess of our taxable income. If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years. REIT qualification reduces, but does not eliminate, the amount of state and local taxes we pay. In addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. As a REIT, we may also be subject to certain federal excise and franchise taxes if we engage in certain types of transactions. A benefit/provision has been made for federal, state and local income taxes in the accompanying consolidated financial statements. In accordance with FASB’s guidance, the total benefit/provision has been separately allocated to income (loss) from continuing operations, income (loss) from discontinued operations and gain (loss) on sale of real estate. The provision for excise and franchise taxes has been reflected in general and administrative expense in the consolidated statements of operations and has not been separately stated due to its insignificance. During 2005, we recorded a $745 franchise tax reserve related to a potential state franchise tax assessment for the 1996-2001 tax years. During the year ended December 31, 2011, we received a refund from the state, representing amounts paid during 2006 related to the 1996-2001 tax years. Based on the refund received and discussions with the taxing authorities, as of December 31, 2011, management believes that it is unlikely that any franchise tax amounts will be assessed by the state for such tax years. As such, during the year ended December 31, 2011, we reversed $745 of franchise taxes. Franchise taxes are recorded within general and administrative expense. |
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Earnings Per Share (EPS) | Earnings Per Share ("EPS") Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period. See Note 10 for further disclosure about EPS. |
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Derivative Financial Instruments | Derivative Financial Instruments Historically, we have used interest rate protection agreements ("Agreements") to fix the interest rate on anticipated offerings of senior unsecured notes or convert floating rate debt and preferred stock to fixed rate. Receipts or payments that result from the settlement of Agreements used to fix the interest rate on anticipated offerings of senior unsecured notes are amortized over the life of the derivative or the life of the debt and included in interest expense. Receipts or payments resulting from Agreements used to convert floating rate debt to fixed rate debt are recognized as a component of interest expense. Agreements which qualify for hedge accounting are marked-to-market and any gain or loss that is effective is recognized in other comprehensive income (shareholders’ equity). Agreements which do not qualify for hedge accounting are marked-to-market and any gain or loss is recognized in net income (loss) immediately. Amounts accumulated in other comprehensive income during the hedge period are reclassified to earnings in the same period during which the forecasted transaction or hedged item affects net income (loss). The credit risks associated with Agreements are controlled through the evaluation and monitoring of the creditworthiness of the counterparty. In the event that the counterparty fails to meet the terms of Agreements, our exposure is limited to the current value of the interest rate differential, not the notional amount, and our carrying value of Agreements on the balance sheet. See Note 15 for more information on the Agreements. |
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Fair Value of Financial Instruments | Fair Value of Financial Instruments Financial instruments other than our derivatives include tenant accounts receivable, notes receivable, accounts payable, other accrued expenses, mortgage loans payable, unsecured credit facility and senior unsecured notes. The fair values of the tenant accounts receivable, accounts payable and other accrued expenses approximate their carrying or contract values. See Note 6 for the fair values of the mortgage loans payable, unsecured credit facility and senior unsecured notes and see Note 4 for the fair value of our notes receivable. |
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Discontinued Operations | Discontinued Operations The FASB’s guidance on financial reporting for the disposal of long lived assets requires that the results of operations and gains or losses on the sale of property or property held for sale be presented in discontinued operations if both of the following criteria are met: (a) the operations and cash flows of the property have been (or will be) eliminated from the ongoing operations of the Company as a result of the disposal transaction and (b) we will not have any significant continuing involvement in the operations of the property after the disposal transaction. The guidance also requires prior period results of operations for these properties to be reclassified and presented in discontinued operations in prior consolidated statements of operations. |
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Segment Reporting | Segment Reporting Management views the Company as a single segment based on its method of internal reporting. |
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Recent Accounting Pronouncements | Recent Accounting Pronouncements In February 2013, the FASB issued Accounting Standards Update No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"). ASU 2013-02 requires that public companies present, either in a single note or parenthetically on the face of the financial statements, the effect of significant amounts reclassified from each component of accumulated other comprehensive income based on its source and the income statement line items affected by the reclassification. ASU 2013-02 is effective for annual periods beginning after December 15, 2012, and is to be applied prospectively. The adoption of this guidance did not have a material impact on our consolidated financial statements. |
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Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for any discontinued operations. The results of operations of a component of an entity that either has been disposed of or is classified as held for sale is reported in discontinued operations if both: (a) the operations and cash flows of the component have been (or will be) eliminated from the ongoing operations of the entity as a result of the disposal transaction and (b) the entity will not have any significant continuing involvement in the operations of the component after the disposal transaction. If the entity elects to allocate interest expense to a discontinued operation, it may disclose its accounting policy for this election and describe its method of allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for the equity method of accounting for investments in common stock or other interests including unconsolidated subsidiaries, corporate joint ventures, noncontrolling interests in real estate ventures, limited partnerships, and limited liability companies. The accounting policy may include information such as: (1) initially recording an investment in the stock of an investee at cost; (2) adjusting the carrying amount of the investment to recognize the investor's share of the earnings or losses of the investee after the date of acquisition; and (3) adjustments to reflect the investor's share of changes in the investee's capital (dividends). This disclosure may also include a detailed description of the policy for determining the amount of equity method losses recognized after an investment has been reduced to zero as a result of previous losses, reasons for not using the equity method when the investor company owns 20 percent or more of the voting stock of the investee's company (including identification of the significant investee), reasons for using the equity method when the ownership percentage is less than 20 percent, and discussion of recognition of equity method losses when an investor's total investment in an investee includes, in addition to an investment in common stock, other investments such as preferred stock and loans to the investee. An entity also may describe how such investments are assessed for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition
Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for the timing and amount of revenue recognized on transfers of real estate, excluding retail land sales. The entity also may disclose its treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables)
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Dec. 31, 2013
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Useful Lives of Depreciable Assets | Depreciation expense is computed using the straight-line method based on the following useful lives:
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Deferred Leasing Intangibles Included in Total Assets | Deferred leasing intangibles, net of accumulated amortization, included in our total assets and total liabilities consist of the following:
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Net Amortization Expense Related to Deferred Leasing Intangibles | We will recognize net amortization related to deferred leasing intangibles over the next five years, for properties owned as of December 31, 2013 as follows:
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Tabular disclosure which describes the periods of time which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment). No definition available.
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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investment in Real Estate (Tables)
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Dec. 31, 2013
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Real Estate Investment Property, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Intangible Assets (Liabilities) Subject to Amortization in Period of Acquisition | The fair value at the date of acquisition of in-place leases, tenant relationships and below market leases recorded due to the real estate properties acquired for the years ended December 31, 2013 and 2012, which are recorded as deferred leasing intangibles, are as follows:
The weighted average life in months of in-place leases, tenant relationships and below market leases recorded at the time of acquisition as a result of the real estate properties acquired for the years ended December 31, 2013 and 2012 is as follows:
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Summary Regarding Industrial Properties Included in Discontinued Operations | The following table discloses certain information regarding the industrial properties included in our discontinued operations for the years ended December 31, 2013, 2012 and 2011:
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Net Non-Cash Impairment Charges | During the years ended December 31, 2013, 2012 and 2011, we recorded the following net non-cash impairment charges (reversals):
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Tabular disclosure of impairment charges of long lived assets. No definition available.
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Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments in Joint Ventures (Tables)
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Dec. 31, 2013
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Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Condensed Combined Balance Sheets | The combined summarized financial information of the investments in Joint Ventures is as follows:
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Condensed Combined Statements of Operations |
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Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. No definition available.
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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. No definition available.
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Indebtedness (Tables)
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Dec. 31, 2013
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Information Regarding Indebtedness | The following table discloses certain information regarding our indebtedness:
* The maturity date may be extended an additional year at our election, subject to certain restrictions. |
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Mortgage Loans Originated | During the year ended December 31, 2012, we originated the following mortgage loans:
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Senior Unsecured Notes Repurchases | During the years ended December 31, 2013 and 2012, we repurchased and retired the following senior unsecured notes prior to maturity:
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Schedule of Maturities of Long-Term Debt | The following is a schedule of the stated maturities and scheduled principal payments of our indebtedness, exclusive of premiums and discounts, for the next five years ending December 31, and thereafter:
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Summary of Indebtedness at Estimated Fair Value | At December 31, 2013 and 2012, the fair value of our indebtedness was as follows:
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Mortgage Loans Originated Table No definition available.
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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. No definition available.
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- Definition
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Stockholders' Equity Note [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Preferred Shares Outstanding and Liquidation Preference | The following table summarizes the preferred shares outstanding at December 31, 2013 and 2012:
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Common Stock Outstanding, Including Unvested Restricted Shares of Common Stock | The following table is a roll-forward of our shares of common stock outstanding, including unvested restricted shares of common stock (see Note 14), for the three years ended December 31, 2013:
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Summary of Dividend Distributions | The following table summarizes dividends/distributions accrued during the past three years:
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A schedule of preferred shares outstanding and liquidation preference. No definition available.
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Tabular disclosure of the change in common stock outstanding. No definition available.
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Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Accumulated Other Comprehensive Loss [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | The following tables summarize the changes in accumulated other comprehensive loss by component and the reclassifications out of accumulated other comprehensive loss for the year ended December 31, 2013:
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Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] |
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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Information to Statements of Cash Flows (Tables)
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Dec. 31, 2013
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Supplemental Cash Flow Information [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash Flow Information |
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Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
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Earnings Per Share (EPS) (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Computation of Basic and Diluted Earnings Per Share | The computation of basic and diluted EPS is presented below:
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Non-Participating Securities | The following awards could be dilutive in future periods:
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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Current / Deferred Income Tax Benefit (Provision) | The components of income tax benefit (provision) for the years ended December 31, 2013, 2012 and 2011 are comprised of the following:
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Deferred Tax Assets (Liabilities) | Deferred income taxes represent the tax effect of the temporary differences between the book and tax basis of assets and liabilities. Deferred tax assets (liabilities) include the following as of December 31, 2013 and 2012:
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Income Tax Benefit (Provision) Pertaining to Income from Continuing Operations and Gain on Sale of Real Estate | The income tax benefit (provision) pertaining to income (loss) from continuing operations and gain on sale of real estate differs from the amounts computed by applying the applicable federal statutory rate as follows:
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Preferred Distributions Per Depositary Share | For income tax purposes, distributions paid to common shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. We did not pay common share distributions for the years ended December 31, 2012 and 2011. For the year ended December 31, 2013, the distributions per common share were classified as follows:
For income tax purposes, distributions paid to preferred shareholders are classified as ordinary income, capital gain, return of capital or qualified dividends. For the years ended December 31, 2013, 2012 and 2011, the preferred distributions per depositary share were classified as follows:
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The tabular disclosure of the components of current and deferred income tax (provision) benefit. No definition available.
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- Definition
Schedule of preferred distributions paid to preferred shareholders per depositary share classified as ordinary income, capital gain, return of capital or qualified dividends. No definition available.
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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Future Rental Revenues (Tables)
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Dec. 31, 2013
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Operating Leases, Future Minimum Payments Receivable [Abstract] | |||||||||||||||||||||||||||||||||||||
Minimum Lease Payments Receivable, Excluding Tenant Reimbursements of Expenses, Under Non-Cancelable Operating Leases | Minimum lease payments receivable, excluding tenant reimbursements of expenses, under non-cancelable operating leases in effect as of December 31, 2013 are approximately as follows:
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Schedule of future minimum rental payments receivable for operating leases. No definition available.
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Stock Based Compensation (Tables)
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Dec. 31, 2013
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Share-based Compensation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Share-based Payment Award: Valuation Assumptions | As mentioned above, the fair value of the LTIP Unit Awards at issuance was determined by a lattice-binomial option-pricing model based on a Monte Carlo simulation using the following assumptions:
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Summary of Restricted Stock Award and Restricted Stock Unit Award Transactions | Restricted stock and unit award and LTIP Unit Award transactions for the year ended December 31, 2013 are summarized as follows:
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X | ||||||||||
- Definition
Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Derivatives (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Derivatives and Fair Values | The following is a summary of the terms of our Series F Agreement and its fair value, which is included in accounts payable, accrued expenses and other liabilities on the accompanying consolidated balance sheets:
_______________
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Summary of Impact of Derivatives in Cash Flow Hedging Relationships on Statement of Operations and Statement of OCI | The following is a summary of the impact of the derivatives in cash flow hedging relationships on the statements of operations and the statements of OCI for the years ended December 31, 2013 and 2012:
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Fair Value Measurements on Recurring Basis | The following table sets forth our financial liability related to the Series F Agreement that is accounted for at fair value on a recurring basis as of December 31, 2012:
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Quantitative Information about Level 3 Fair Value Measurements | The following table presents the quantitative information about the Level 3 fair value measurements at December 31, 2012:
________________ (A) Represents the forward 30 year Treasury CMT Rate. (B) Represents credit default swap spread curve used in the valuation analysis at December 31, 2012. |
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Reconciliation of Liabilities Classified as Level 3 | The following table presents a reconciliation of our liability classified as Level 3 at December 31, 2013 and 2012:
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of quantitative information about the inputs used in the fair value measurement of liabilities. This disclosure may include, but is not limited to, the fair value of the liability, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments and Contingencies (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
Future minimum rental payments under the terms of all non-cancelable ground and operating leases | Future minimum rental payments under the terms of all non-cancelable ground and operating leases under which we are the lessee as of December 31, 2013 are as follows:
________________
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Information (unaudited) (Tables)
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Quarterly Financial Information (unaudited) | The following tables summarize our quarterly financial information. The first, second and third fiscal quarters of 2013 and all fiscal quarters in 2012 have been revised in accordance with guidance on accounting for discontinued operations. Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities and basic and diluted EPS from Net (Loss) Income Available to First Industrial Realty Trust, Inc.’s Common Stockholders have not been affected.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Organization and Formation of Company - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
State
sqft
Joint_Ventures
Property
|
---|---|
Disclosure Organization And Formation Of Company Additional Information [Abstract] | |
General partner preferred units liquidation preference | $ 75,000 |
Ownership interest in general partner | 100.00% |
Number of industrial properties owned | 652 |
Number of states in which industrial properties are located | 25 |
Gross leasable area (GLA) of industrial properties owned | 63,000,000 |
Number of joint ventures | 2 |
X | ||||||||||
- Details
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X | ||||||||||
- Definition
The number of joint ventures that the entity owns a non-controlling interest in as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
Ownership interest in general partner. No definition available.
|
X | ||||||||||
- Definition
Area of a real estate property. No definition available.
|
X | ||||||||||
- Definition
The number of real estate properties owned as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
The number of states the entity operates in as of the balance sheet date. No definition available.
|
X | ||||||||||
- Definition
Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
|
Basis of Presentation - Additional Information (Detail)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Disclosure Basis Of Presentation Additional Information [Abstract] | ||
Ownership interest of sole general partner | 96.00% | 95.50% |
Ownership interest of limited partners | 4.00% | 4.50% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
|
X | ||||||||||
- Definition
The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
|
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2005
|
|
Summary Of Significant Accounting Policies [Line Items] | ||||
Adjustment to depreciation and amortization expense | $ 111,031 | $ 114,675 | $ 115,244 | |
Cash and cash equivalents | three months or less | |||
Accumulated amortization deferred financing cost | 17,122 | 15,063 | ||
Allowance for doubtful accounts receivable | 1,362 | 1,875 | ||
Deferred rent receivable allowance amount | 1,694 | 1,733 | ||
Minimum percentage of taxable income to be distributed | 90.00% | |||
Franchise tax reserve | 745 | 745 | ||
Amortization of In-Place Leases and Tenant Relationships
|
||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Amortization expense | 6,153 | 7,024 | 10,550 | |
Amortization of Above and Below Market Leases
|
||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Amortization expense | 572 | 797 | 1,456 | |
Restatement Adjustment [Member]
|
||||
Summary Of Significant Accounting Policies [Line Items] | ||||
Adjustment to depreciation and amortization expense | $ (1,640) | $ 1,528 |
X | ||||||||||
- Definition
Deferred rent receivable allowance amount. No definition available.
|
X | ||||||||||
- Definition
Franchise tax reserve. No definition available.
|
X | ||||||||||
- Definition
The minimum stockholder distribution requirement in order to maintain REIT status. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
For an unclassified balance sheet, the accumulated amortization, as of the reporting date, representing the periodic charge to earnings of deferred costs which are associated with debt obligations existing as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
An element designated to encapsulate any additional information related to cash and cash equivalents not otherwise addressed by the existing taxonomy. Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary of Significant Accounting Policies - Useful Lives of Depreciable Assets (Detail)
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Minimum | Buildings and Improvements
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 7 years |
Minimum | Land Improvements
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 3 years |
Minimum | Furniture, Fixtures and Equipment
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 4 years |
Maximum | Buildings and Improvements
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 50 years |
Maximum | Land Improvements
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 20 years |
Maximum | Furniture, Fixtures and Equipment
|
|
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 10 years |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
Summary of Significant Accounting Policies - Deferred Leasing Intangibles Included in Total Assets and Liabilities (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Finite-Lived Intangible Assets [Line Items] | ||
Total deferred leasing intangibles, net, included in total assets | $ 29,790 | $ 33,190 |
Total deferred leasing intangibles, net, included in total liabilities | 13,626 | 15,522 |
In-Place Leases
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Total deferred leasing intangibles, net, included in total assets | 15,676 | 17,200 |
Above Market Leases
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Total deferred leasing intangibles, net, included in total assets | 3,994 | 4,888 |
Tenant Relationships
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Total deferred leasing intangibles, net, included in total assets | 10,120 | 11,102 |
Below Market Lease [Member]
|
||
Finite-Lived Intangible Assets [Line Items] | ||
Total deferred leasing intangibles, net, included in total liabilities | $ 13,626 | $ 15,522 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents a liability associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Deferred Leasing Intangibles Included in Total Assets and Liabilities (Parenthetical) (Details) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Accounting Policies [Abstract] | ||
Accumulated amortization, total assets | $ 30,017 | $ 36,327 |
Accumulated amortization, total liabilities | $ 8,240 | $ 9,389 |
X | ||||||||||
- Definition
Accumulated Amortization Of Intangible Lease Assets No definition available.
|
X | ||||||||||
- Definition
Accumulated Amortization Of Intangible Lease Liabilities No definition available.
|
X | ||||||||||
- Details
|
Summary of Significant Accounting Policies - Net Amortization Expense Related to Deferred Leasing Intangibles (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Amortization of In-Place Leases and Tenant Relationships
|
|
Estimated Amortization of In-Place Leases and Tenant Relationships | |
2014 | $ 4,972 |
2015 | 4,329 |
2016 | 3,270 |
2017 | 2,976 |
2018 | 2,076 |
Estimated Net Increase To Rental Revenues Related To Above And Below Market Leases
|
|
Estimated Net Increase to Rental Revenues Related to Above and Below Market Leases | |
2014 | 438 |
2015 | 425 |
2016 | 938 |
2017 | 878 |
2018 | $ 806 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future Estimated Real Estate Revenue Increase Next Twelve Months. No definition available.
|
X | ||||||||||
- Definition
Future estimated real estate revenue increase year five. No definition available.
|
X | ||||||||||
- Definition
Future estimated real estate revenue increase year four. No definition available.
|
X | ||||||||||
- Definition
Future estimated real estate revenue increase year three. No definition available.
|
X | ||||||||||
- Definition
Future estimated real estate revenue increase year two. No definition available.
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the next fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fifth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the fourth fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the third fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization expense expected to be recognized during the second fiscal year following the latest fiscal year for assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Investment in Real Estate - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 0 Months Ended | 2 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
sqft
Property
|
Dec. 31, 2012
sqft
Property
Parcels
|
Dec. 31, 2011
Parcels
Property
sqft
|
Dec. 31, 2013
Discontinuing operations [Member]
|
Dec. 31, 2012
Discontinuing operations [Member]
|
Dec. 31, 2011
Discontinuing operations [Member]
|
Feb. 13, 2012
2003 Net Lease Joint Venture [Member]
Property
|
May 26, 2011
2003 Net Lease Joint Venture [Member]
Property
|
Feb. 28, 2014
2003 Net Lease Joint Venture [Member]
sqft
Property
|
|
Real Estate Investments [Line Items] | |||||||||
Number of industrial properties acquired | 2 | 1 | 1 | 1 | 1 | ||||
Number of industrial properties with 100% LLC interest acquired | 1 | ||||||||
Gross leasable area (GLA) of industrial properties acquired | 1,100,000 | 400,000 | 700,000 | ||||||
Number of acquired industrial properties that are vacant | 1 | ||||||||
Equity interest acquired | 100.00% | 85.00% | 85.00% | ||||||
Carrying value of mortgage loan assumed from acquisition | $ 12,026 | $ 24,417 | |||||||
Cash payment of acquisition | 8,324 | 5,277 | |||||||
Approximate gain due to the difference between carrying value and fair value of acquisition | 0 | 776 | 689 | ||||||
Purchase price of land parcels | 46,695 | ||||||||
Purchase price of acquisitions | 72,812 | 21,819 | 30,625 | ||||||
Capitalization rate used for calculating estimated fair value of industrial properties acquired | 7.30% | 8.40% | |||||||
Number of industrial properties sold | 67 | 28 | 36 | 2 | |||||
Gross leasable area (GLA) of industrial properties sold | 3,000,000 | 4,200,000 | 2,900,000 | 1,600,000 | |||||
Gain on sale of real estate | 35,444 | 16,442 | 21,789 | 34,344 | 12,665 | 20,419 | |||
Number of sold properties included in discontinued operations | 67 | 28 | 36 | ||||||
Number of land parcels sold | 1 | 1 | |||||||
Gross proceeds from the sale of industrial properties and land parcels | 144,628 | 85,561 | 86,643 | ||||||
Number of industrial properties transferred to lender | 1 | ||||||||
Square Footage Of Industrial Property Transferred To Lender | 400,000 | ||||||||
Notes receivable outstanding | 52,605 | 40,771 | |||||||
Net discount of notes receivable outstanding | 191 | 255 | |||||||
Fair value of notes receivable | $ 53,482 | $ 44,352 |
X | ||||||||||
- Definition
Equity interest acquired. No definition available.
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X | ||||||||||
- Definition
Fair Value Input Capitalization Rates No definition available.
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X | ||||||||||
- Definition
In a Business combination, this element represents the amount of gain/loss recognized by the entity as a result of the change in control of the underlying real estate asset. This transaction was accounted for as a step acquisition utilizing the purchase method of accounting. No definition available.
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X | ||||||||||
- Definition
Gross proceeds from the sale of industrial properties and land parcels No definition available.
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X | ||||||||||
- Definition
Number of Acquired Industrial Properties Vacant No definition available.
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X | ||||||||||
- Definition
Number of industrial properties acquired. No definition available.
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X | ||||||||||
- Definition
Number of industrial properties sold. No definition available.
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X | ||||||||||
- Definition
Number of Industrial Properties Transferred to Lender. No definition available.
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X | ||||||||||
- Definition
Number of Industrial Properties With Wholly Owned Equity Interest No definition available.
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X | ||||||||||
- Definition
Number Of Land Parcels Sold No definition available.
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X | ||||||||||
- Definition
The number of sold properties and the related gain or loss on sale of real estate included in discontinued operations. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Square footage of industrial properties sold. No definition available.
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X | ||||||||||
- Definition
Square Footage Of Industrial Property Transferred To Lender. No definition available.
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X | ||||||||||
- Definition
Square Footage of Real Estate Properties Acquired. No definition available.
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X | ||||||||||
- Definition
Amount of liabilities incurred by the acquirer as part of consideration transferred in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of real estate acquired, at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Fair value portion of an agreement for an unconditional promise by the maker to pay the holder a definite sum of money at a future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Net amount of the investment in a contractual right to receive money on demand or on fixed or determinable dates that is recognized as an asset in the creditor's statement of financial position. Examples include, but are not limited to, credit card receivables, notes receivable and receivables relating to lessor's rights to payments from leases other than operating leases that have been recorded as assets. Excludes trade accounts receivable with contractual maturity of one year or less and arose from the sale of goods or services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Disclosure of the unamortized amount of the discount on the note or receivable which is deducted from the face amount of the receivable or loan. The discount or premium is the difference between the present value and the face amount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investment in Real Estate - Summary of Intangible Assets (Liabilities) Subject to Amortization in Period of Acquisition (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
In-Place Leases [Member]
|
||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Acquired finite lived intangible asset, fair value | $ 2,807 | $ 1,750 |
Acquired finite lived intangible asset, weighted average life | 52 months | 118 months |
Tenant Relationships
|
||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Acquired finite lived intangible asset, fair value | 1,914 | 1,012 |
Acquired finite lived intangible asset, weighted average life | 112 months | 178 months |
Below Market Lease [Member]
|
||
Acquired Finite-Lived Intangible Assets [Line Items] | ||
Acquired finite lived intangible asset, fair value | $ (188) | $ (102) |
Acquired finite lived intangible asset, weighted average life | 52 months | 118 months |
X | ||||||||||
- Details
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X | ||||||||||
- Definition
Weighted average amortization period of finite-lived intangible assets acquired either individually or as part of a group of assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, resulting from a business combination. No definition available.
|
Investment in Real Estate - Summary Regarding Industrial Properties Included in Discontinued Operations (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Real Estate Investment Property, Net [Abstract] | |||||||||||
Total Revenues | $ 10,955 | $ 21,649 | $ 32,079 | ||||||||
Property Expenses | (4,450) | (8,879) | (12,947) | ||||||||
Impairment of Real Estate | (1,605) | (1,438) | (6,214) | ||||||||
Depreciation and Amortization | (3,647) | (7,834) | (8,505) | ||||||||
Interest Expense | 0 | 0 | (63) | ||||||||
Gain on Sale of Real Estate | 34,344 | 12,665 | 20,419 | ||||||||
Provision for Income Taxes | 0 | 0 | (1,246) | ||||||||
Income from Discontinued Operations | $ 19,323 | $ 5,919 | $ 12,639 | $ (2,284) | $ 1,164 | $ 5,869 | $ 3,141 | $ 5,989 | $ 35,597 | $ 16,163 | $ 23,523 |
X | ||||||||||
- Definition
Amount of depreciation and amortization attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. No definition available.
|
X | ||||||||||
- Definition
Amount of impairment attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. No definition available.
|
X | ||||||||||
- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of interest expense allocated to disposal group, including a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of operating expenses attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of sales or other form of revenues attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Investment in Real Estate - Net Non-Cash Impairment Charges (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Impairment Charges [Line Items] | |||
Total Net Impairment | $ 2,652 | $ 1,246 | $ (2,661) |
Operating Properties-Held for Sale and Sold Assets [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | 1,605 | 1,438 | 6,214 |
Impairment-Discontinued Operations [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | 1,605 | 1,438 | 6,214 |
Land Parcels Sold Assets [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | 0 | 0 | (5,918) |
Operating Properties Not Held for Sale [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | 1,047 | (192) | (1,755) |
Land Parcels Not Held for Sale [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | 0 | 0 | (1,202) |
Impairment - Continuing Operations [Member]
|
|||
Impairment Charges [Line Items] | |||
Total Net Impairment | $ 1,047 | $ (192) | $ (8,875) |
X | ||||||||||
- Details
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X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments in Joint Ventures - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 0 Months Ended | 2 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
Property
sqft
|
Dec. 31, 2012
Property
sqft
|
Dec. 31, 2011
sqft
Property
|
Feb. 13, 2012
2003 Net Lease Joint Venture [Member]
Property
|
May 26, 2011
2003 Net Lease Joint Venture [Member]
Property
|
Feb. 28, 2014
2003 Net Lease Joint Venture [Member]
sqft
Property
|
Dec. 31, 2013
2003 Net Lease Joint Venture [Member]
Property
sqft
|
Dec. 31, 2013
2007 Europe Joint Venture [Member]
Property
|
|
Schedule of Equity Method Investments [Line Items] | ||||||||
Equity interest | 15.00% | 10.00% | ||||||
Number of industrial properties owned | 652 | 4 | 0 | |||||
Gross leasable area (GLA) of industrial properties owned | 63,000,000 | 2,500,000 | ||||||
Number of industrial properties sold | 67 | 28 | 36 | 2 | ||||
Gross leasable area (GLA) of industrial properties sold | 3,000,000 | 4,200,000 | 2,900,000 | 1,600,000 | ||||
Investment in Joint Venture | $ 907 | $ 1,012 | $ 907 | |||||
Equity Interest Acquired | 100.00% | 85.00% | 85.00% | |||||
Number of industrial properties acquired | 2 | 1 | 1 | 1 | 1 | |||
Fees received from joint ventures | $ 231 | $ 516 | $ 970 |
X | ||||||||||
- Definition
Equity interest acquired. No definition available.
|
X | ||||||||||
- Definition
Fees received from joint ventures. No definition available.
|
X | ||||||||||
- Definition
Number of industrial properties acquired. No definition available.
|
X | ||||||||||
- Definition
Number of industrial properties sold. No definition available.
|
X | ||||||||||
- Definition
Square footage of industrial properties sold. No definition available.
|
X | ||||||||||
- Definition
Area of a real estate property. No definition available.
|
X | ||||||||||
- Definition
The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of real estate properties owned as of the balance sheet date. No definition available.
|
X | ||||||||||
- Details
|
Investments in Joint Ventures Investments in Joint Ventures - Condensed Combined Balance Sheets (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
||||
---|---|---|---|---|---|---|---|---|
Schedule of Equity Method Investments [Line Items] | ||||||||
Gross Investment in Real Estate | $ 3,119,547 | $ 3,130,942 | $ 3,115,050 | $ 3,140,649 | ||||
Less: Accumulated Depreciation | (748,044) | (732,635) | ||||||
Net Investment in Real Estate | 2,371,503 | 2,388,813 | ||||||
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $40,387 and $0 | 0 | 6,765 | ||||||
Total Assets | 2,597,510 | 2,608,842 | ||||||
Indebtedness | 1,297,671 | |||||||
Total Liabilities and Equity | 2,597,510 | 2,608,842 | ||||||
Carrying Value of the Company's Investments in Joint Ventures | 907 | 1,012 | ||||||
Corporate Joint Venture [Member]
|
||||||||
Schedule of Equity Method Investments [Line Items] | ||||||||
Gross Investment in Real Estate | 28,389 | 115,488 | ||||||
Less: Accumulated Depreciation | (4,253) | (38,535) | ||||||
Net Investment in Real Estate | 24,136 | 76,953 | ||||||
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $40,387 and $0 | 48,408 | 0 | ||||||
Other Assets | 7,690 | 17,327 | ||||||
Total Assets | 80,234 | 94,280 | ||||||
Indebtedness | 24,656 | 81,764 | ||||||
Other Liabilities | 1,615 | 4,817 | ||||||
Indebtedness, Accrued Interest Expense and Leasing Intangibles Held for Sale, Net of Accumulated Amortization of $3,208 and $0 | 48,651 | 0 | ||||||
Equity | 5,312 | 7,699 | ||||||
Total Liabilities and Equity | 80,234 | 94,280 | ||||||
Company's Share of Equity | 896 | 1,252 | ||||||
Basis Differentials | (200) | [1] | (448) | [1] | ||||
Carrying Value of the Company's Investments in Joint Ventures | $ 696 | $ 804 | ||||||
|
X | ||||||||||
- Definition
This element represents a liability, related to a disposal group that is held for sale and anticipated to be sold in less than one year, associated with the acquisition of an off-market lease when the terms of the lease are unfavorable to the market terms for the lease at the date of acquisition. The liability is expected to be discharged as part of the plan of sale for the asset. No definition available.
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X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Difference between amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and amount of underlying equity in net assets the reporting Entity has in the investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of equity, including noncontrolling interest, reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's ownership percentage in the investee multiplied by the investee's total equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total investments in (A) an entity in which the entity has significant influence, but does not have control, (B) subsidiaries that are not required to be consolidated and are accounted for using the equity and or cost method, and (C) an entity in which the reporting entity shares control of the entity with another party or group. Includes long-term advances receivable from a party that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
X | ||||||||||
- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Investments in Joint Ventures Condensed Combined Balance Sheets (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization | $ 0 | $ 3,050 |
Corporate Joint Venture [Member]
|
||
Real Estate and Other Assets Held for Sale, Accumulated Depreciation and Amortization | 40,387 | 0 |
Leasing Intangibles Held for Sale Accumulated Amortization | $ 3,208 | $ 0 |
X | ||||||||||
- Definition
The cumulative amount of amortization for the carrying amount as of the balance sheet date of leasing intangibles held for sale. No definition available.
|
X | ||||||||||
- Definition
The cumulative amount of depreciation and amortization for the carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. No definition available.
|
Investments in Joint Ventures - Condensed Combined Statements of Operations (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Schedule of Equity Method Investments [Line Items] | |||||||||||
Total Revenues | $ 84,136 | $ 81,294 | $ 82,098 | $ 80,698 | $ 81,220 | $ 76,636 | $ 78,946 | $ 77,523 | $ 328,226 | $ 314,325 | $ 302,668 |
Expenses: | |||||||||||
Property Expenses and Other | 107,390 | 99,907 | 101,281 | ||||||||
Depreciation and Other Amortization | 111,031 | 114,675 | 115,244 | ||||||||
Interest Expense | 73,558 | 83,506 | 100,127 | ||||||||
Discontinued Operations: | |||||||||||
Loss Attributable to Discontinued Operations | 1,253 | 3,498 | 4,350 | ||||||||
Gain on Sale of Real Estate | 34,344 | 12,665 | 20,419 | ||||||||
Net Income (Loss) | 41,428 | (2,519) | (9,190) | ||||||||
Equity in Income of Joint Ventures | 17 | 72 | 27 | 20 | 1,403 | 28 | 37 | 91 | 136 | 1,559 | 980 |
Corporate Joint Venture [Member]
|
|||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Total Revenues | 3,433 | 3,371 | 3,411 | ||||||||
Expenses: | |||||||||||
Property Expenses and Other | 1,070 | 1,096 | 1,226 | ||||||||
Depreciation and Other Amortization | 931 | 764 | 836 | ||||||||
Interest Expense | 1,532 | 1,633 | 1,643 | ||||||||
Total Expenses | 3,533 | 3,493 | 3,705 | ||||||||
Discontinued Operations: | |||||||||||
Loss Attributable to Discontinued Operations | (1,300) | (1,607) | (1,587) | ||||||||
Gain on Sale of Real Estate | 513 | 4,974 | 3,137 | ||||||||
Income from Discontinued Operations | (787) | 3,367 | 1,550 | ||||||||
Net Income (Loss) | (887) | 3,245 | 1,256 | ||||||||
Equity in Income of Joint Ventures | $ 136 | $ 1,559 | $ 980 |
X | ||||||||||
- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expense incurred and directly related to generating revenue from leased and rented property or equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss), before tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Pretax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Indebtedness - Information Regarding Indebtedness (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
|||||
Debt Instrument [Line Items] | ||||||
Mortgage Loans Payable, Net | $ 677,890 | $ 763,616 | ||||
Unamortized Premiums | (115) | (161) | ||||
Mortgage Loans Payable, Gross | 677,775 | 763,455 | ||||
Senior Unsecured Notes, Net | 445,916 | 474,150 | ||||
Unamortized Discounts | 980 | 2,570 | ||||
Senior Unsecured Notes, Gross | 446,896 | 476,720 | ||||
Unsecured Credit Facility | 173,000 | [1] | 98,000 | [1] | ||
2016 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 159,566 | 159,510 | ||||
Interest Rate | 5.75% | |||||
Effective Interest Rate | 5.91% | |||||
Maturity Date | Jan. 15, 2016 | |||||
2017 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 54,960 | 55,385 | ||||
Interest Rate | 7.50% | |||||
Effective Interest Rate | 7.52% | |||||
Maturity Date | Dec. 01, 2017 | |||||
2027 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 6,066 | 6,066 | ||||
Interest Rate | 7.15% | |||||
Effective Interest Rate | 7.11% | |||||
Maturity Date | May 15, 2027 | |||||
2028 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 31,883 | 55,261 | ||||
Interest Rate | 7.60% | |||||
Effective Interest Rate | 8.13% | |||||
Maturity Date | Jul. 15, 2028 | |||||
2032 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 10,514 | 11,500 | ||||
Interest Rate | 7.75% | |||||
Effective Interest Rate | 7.87% | |||||
Maturity Date | Apr. 15, 2032 | |||||
2014 Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | 81,149 | 79,683 | ||||
Interest Rate | 6.42% | |||||
Effective Interest Rate | 6.54% | |||||
Maturity Date | Jun. 01, 2014 | |||||
2017 II Notes
|
||||||
Debt Instrument [Line Items] | ||||||
Senior Unsecured Notes, Net | $ 101,778 | $ 106,745 | ||||
Interest Rate | 5.95% | |||||
Effective Interest Rate | 6.37% | |||||
Maturity Date | May 15, 2017 | |||||
Line of Credit
|
||||||
Debt Instrument [Line Items] | ||||||
Line of Credit Facility, Interest Rate at Period End | 1.666% | [1] | ||||
Effective Interest Rate | 1.666% | [1] | ||||
Maturity Date | Sep. 29, 2017 | [1] | ||||
Mortgages [Member]
|
||||||
Debt Instrument [Line Items] | ||||||
Interest Rate, Minimum | 4.03% | |||||
Interest Rate, Maximum | 8.26% | |||||
Effective Interest Rate, Minimum | 4.03% | |||||
Effective Interest Rate, Maximum | 8.26% | |||||
Maturity Date Range, Start | Oct. 01, 2014 | |||||
Maturity Date Range, End | Sep. 01, 2022 | |||||
|
X | ||||||||||
- Definition
Secured debt gross. No definition available.
|
X | ||||||||||
- Definition
Unsecured debt gross. No definition available.
|
X | ||||||||||
- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
When presenting a range of interest rates, the highest effective rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
When presenting a range of interest rates, the lowest effective rate for funds borrowed under the debt agreement as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Minimum contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
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
|
X | ||||||||||
- Definition
Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Earliest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of debt premium that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The effective interest rate at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Indebtedness - Mortgage Loans Obtained (Detail) (Mortgage Financing I - VI, USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2012
sqft
Property
|
|
Mortgage Financing I - VI
|
|
Mortgage Loans on Real Estate [Line Items] | |
Loan Principal | $ 100,599,000 |
Interest Rate | 4.03% |
Origination Date | Aug. 29, 2012 |
Maturity Date | Sep. 01, 2022 |
Amortization Period | 30 years |
Number of Industrial Properties Collateralizing Mortgage | 31 |
GLA | 3,800,000 |
Property Carrying Value | $ 103,671,000 |
X | ||||||||||
- Definition
Carrying Value Of Industrial Property Held Under Mortgage And Other Loan No definition available.
|
X | ||||||||||
- Definition
Debt instrument amortization period. No definition available.
|
X | ||||||||||
- Definition
Gross Leasable Area No definition available.
|
X | ||||||||||
- Definition
Number of industrial properties collateralizing mortgage. No definition available.
|
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the debt instrument was issued, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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
|
X | ||||||||||
- Details
|
Indebtedness - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Jul. 19, 2013
|
Dec. 14, 2011
|
Dec. 31, 2012
Mortgage Financing I - VI
|
Apr. 16, 2012
2012 Notes
|
Dec. 31, 2013
Unsecured Credit Facility
|
Dec. 31, 2013
Unsecured Debt
|
Dec. 31, 2012
Unsecured Debt
|
Dec. 31, 2013
Mortgages [Member]
|
Dec. 31, 2012
Mortgages [Member]
|
|
Debt Disclosure [Line Items] | ||||||||||||
Principal prepayments, prohibition period | 12 months | |||||||||||
Percentage of outstanding balance for calculating prepayment premium | 1.00% | |||||||||||
Mortgage loans paid off and retired prior to maturity | $ 72,261 | $ 14,112 | ||||||||||
Loss from Retirement of Debt | (6,637) | (9,684) | (5,459) | 5,003 | 9,323 | 1,578 | 361 | |||||
Carrying value of industrial properties held under mortgage | 826,754 | |||||||||||
Unamortized debt issue discount | 28 | 598 | ||||||||||
Unamortized deferred financing cost, wrote off | 56 | 191 | 728 | |||||||||
Unamortized settlement amount of interest rate protection agreements | 1,116 | 3,247 | ||||||||||
Professional service fee | 0 | 440 | ||||||||||
Amount of notes paid off and retired at maturity | 61,829 | |||||||||||
Line of credit facility, maximum borrowing capacity | 625,000 | 450,000 | ||||||||||
Line of credit facility, increase, additional borrowings | $ 825,000 | |||||||||||
Number of years of extension of line of credit facility at election | 1 year | |||||||||||
Line of credit facility, interest rate description | 150 |
X | ||||||||||
- Definition
Amount of notes at maturity. No definition available.
|
X | ||||||||||
- Definition
Carrying value of industrial properties held under mortgage and other loan. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Debt instruments unamortized discount. No definition available.
|
X | ||||||||||
- Definition
Mortgage Loans Paid Off And Retired Prior To Maturity No definition available.
|
X | ||||||||||
- Definition
Number of years of extension of line of credit facility at election. No definition available.
|
X | ||||||||||
- Definition
Percentage of outstanding balance for calculating prepayment premium. No definition available.
|
X | ||||||||||
- Definition
Professional service fee. No definition available.
|
X | ||||||||||
- Definition
Prohibition period for principal prepayments of mortgage financings after loan origination. No definition available.
|
X | ||||||||||
- Definition
Unamortized settlement amount of interest rate protection agreements. No definition available.
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Indebtedness - Senior Unsecured Notes Repurchases (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | $ 29,824 | $ 106,303 |
Purchase Price | 33,492 | 110,613 |
2014 Notes
|
||
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | 0 | 9,000 |
Purchase Price | 0 | 9,439 |
2017 Notes
|
||
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | 430 | 4,223 |
Purchase Price | 482 | 4,632 |
2017 II Notes
|
||
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | 5,000 | 0 |
Purchase Price | 5,300 | 0 |
2028 Notes
|
||
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | 23,394 | 69,680 |
Purchase Price | 26,547 | 72,541 |
2032 Notes
|
||
Unsecured Senior Notes [Line Items] | ||
Principal Amount Repurchased | 1,000 | 23,400 |
Purchase Price | $ 1,163 | $ 24,001 |
X | ||||||||||
- Definition
Principal amount of senior unsecured notes repurchased. No definition available.
|
X | ||||||||||
- Definition
Purchase price senior unsecured notes. No definition available.
|
X | ||||||||||
- Details
|
Indebtedness - Schedule of Maturities of Long-Term Debt (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
---|---|
Debt Disclosure [Abstract] | |
2014 | $ 113,321 |
2015 | 37,762 |
2016 | 272,618 |
2017 | 341,723 |
2018 | 168,341 |
Thereafter | 363,906 |
Total | $ 1,297,671 |
X | ||||||||||
- Details
|
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
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Indebtedness - Summary of Indebtedness at Estimated Fair Value (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
||||
---|---|---|---|---|---|---|
Debt Disclosure [Abstract] | ||||||
Mortgage and Loans Payable, Net, Carrying Amount | $ 677,890 | $ 763,616 | ||||
Senior Unsecured Notes ,Net, Carrying Amount | 445,916 | 474,150 | ||||
Unsecured Credit Facility, Carrying Amount | 173,000 | [1] | 98,000 | [1] | ||
Total, Carrying Amount | 1,296,806 | 1,335,766 | ||||
Mortgage Loans Payable, Net, Fair Value | 684,914 | 814,915 | ||||
Senior Unsecured Notes, Net, Fair Value | 482,781 | 516,943 | ||||
Unsecured Credit Facility, Fair Value | 173,000 | 98,192 | ||||
Total, Fair Value | $ 1,340,695 | $ 1,430,050 | ||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value portion of contractual arrangement with a lender under which borrowings can be made up to a specific amount at any point in time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value portion of contractual obligation to pay money on demand or on fixed or determinable dates. No definition available.
|
X | ||||||||||
- Definition
Fair value portion of notes payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stockholders' Equity - Additional Information (Detail) (USD $)
|
3 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Mar. 01, 2012
Maximum
|
Feb. 28, 2011
Maximum
|
Dec. 31, 2013
ATM [Member]
|
Dec. 31, 2012
ATM [Member]
|
Dec. 31, 2011
ATM [Member]
|
May 27, 2004
Series F Preferred Stock
|
Dec. 31, 2013
Series F Preferred Stock
|
Dec. 31, 2013
Series F Preferred Stock
|
Dec. 31, 2013
Series F Preferred Stock
Minimum
|
May 27, 2004
Series G Preferred Stock [Member]
|
Dec. 31, 2013
Series G Preferred Stock [Member]
|
Dec. 31, 2013
Series G Preferred Stock [Member]
Scenario, Forecast [Member]
|
Dec. 31, 2013
Common Stock
|
Dec. 31, 2012
Common Stock
|
Dec. 31, 2011
Common Stock
|
Mar. 01, 2012
Common Stock
ATM [Member]
|
Feb. 28, 2011
Common Stock
ATM [Member]
|
Apr. 11, 2013
Series J Preferred Stock [Member]
|
Jan. 13, 2006
Series J Preferred Stock [Member]
|
Dec. 31, 2013
Series J Preferred Stock [Member]
|
Jun. 30, 2012
Series J Preferred Stock [Member]
|
Dec. 31, 2013
Series J Preferred Stock [Member]
|
Dec. 31, 2012
Series J Preferred Stock [Member]
|
Dec. 31, 2011
Series J Preferred Stock [Member]
|
Aug. 21, 2006
Series K Preferred Stock [Member]
|
Sep. 30, 2013
Series K Preferred Stock [Member]
|
Dec. 31, 2013
Series K Preferred Stock [Member]
|
Dec. 31, 2012
Series K Preferred Stock [Member]
|
Dec. 31, 2011
Series K Preferred Stock [Member]
|
Jul. 18, 2013
Series K Preferred Stock [Member]
|
Dec. 31, 2013
Convertible Common Stock [Member]
|
Dec. 31, 2012
Convertible Common Stock [Member]
|
Dec. 31, 2011
Convertible Common Stock [Member]
|
|||||||
Class of Stock [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
DepositarySharePercentagePerShare | $ 0.01 | $ 0.01 | $ 0.0001 | $ 0.0001 | ||||||||||||||||||||||||||||||||||||||||||||||
Issue date of depositary shares | May 27, 2004 | May 27, 2004 | Jan. 13, 2006 | Aug. 21, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||
Depositary Shares issued | 50,000 | 25,000 | 6,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
Dividend Rate Per Share | 6.236% | 7.236% | 7.25% | 7.25% | ||||||||||||||||||||||||||||||||||||||||||||||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||
Initial offering price per depository share | $ 1,000.00 | $ 1,000.00 | $ 25.00 | $ 25.00 | ||||||||||||||||||||||||||||||||||||||||||||||
Number of years of U.S treasury rate one | 30 years | 30 years | 30 years | |||||||||||||||||||||||||||||||||||||||||||||||
Fixed coupon rate of preferred stock | 2.375% | 2.375% | 2.375% | |||||||||||||||||||||||||||||||||||||||||||||||
Number of years of U.s treasury rate two | 10 years | 10 years | 10 years | |||||||||||||||||||||||||||||||||||||||||||||||
LIBOR rate | 3-month LIBOR | 3-month LIBOR | 3-month LIBOR | |||||||||||||||||||||||||||||||||||||||||||||||
New coupon rate of preferred stock | 6.065% | 6.065% | ||||||||||||||||||||||||||||||||||||||||||||||||
Redemption price per share | $ 1,000.00 | $ 1,000.00 | $ 1,000.00 | $ 25.00 | $ 25.00 | $ 25.00 | $ 25.00 | $ 25.00 | $ 25.00 | |||||||||||||||||||||||||||||||||||||||||
Aggregate redemption price | $ (150,051,000) | $ (50,044,000) | $ (150,051,000) | $ (50,044,000) | $ 50,000,000 | $ 50,000,000 | $ 25,000,000 | $ 150,000,000 | $ 50,000,000 | |||||||||||||||||||||||||||||||||||||||||
Dividend equivalent to per depositary share | $ 72.36 | |||||||||||||||||||||||||||||||||||||||||||||||||
Floating rates during floating rate periods | 2.50% | |||||||||||||||||||||||||||||||||||||||||||||||||
Redemption date of preferred stock | Mar. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||
Depositary Shares redeemed | 4,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Dividend per share, Depositary Shares | $ 0.3088 | $ 0.407812 | $ 0.055382 | $ 0.5085 | [1] | $ 2.2657 | $ 1.3594 | $ 0.090625 | $ 0.9969 | [2] | $ 2.2657 | $ 1.3594 | ||||||||||||||||||||||||||||||||||||||
Total Dividend, Depositary Shares | 221,000 | 816,000 | 181,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Cost associated with share redemption | 0 | 2,121,000 | 3,546,000 | 0 | 1,804,000 | 0 | 0 | 0 | 5,667,000 | 1,804,000 | 0 | 3,546,000 | 1,804,000 | 2,121,000 | ||||||||||||||||||||||||||||||||||||
Preferred stock shares authorized | 10,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Units exchanged for Stock | 105,028 | 535,026 | 125,784 | |||||||||||||||||||||||||||||||||||||||||||||||
Noncontrolling interest reclassified to equity | 0 | 0 | 0 | 996,000 | 4,763,000 | 1,109,000 | ||||||||||||||||||||||||||||||||||||||||||||
Underwritten public offering | 8,400,000 | 9,400,000 | 17,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Net proceeds from underwriting | 132,050,000 | 116,715,000 | 201,150,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Shares of company stock issuable under an at-the-market offering | 12,500,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
Issuance of company common stock | 2,315,704 | 1,532,598 | 115,856 | |||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Common Stock Issuance ATM or DRIP | 41,735,000 | 18,063,000 | 1,391,000 | |||||||||||||||||||||||||||||||||||||||||||||||
Aggregate gross sale proceeds | $ 125,000,000 | $ 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
|
X | ||||||||||
- Definition
The aggregate offering price of the distribution agreement for the at-the-market offering. No definition available.
|
X | ||||||||||
- Definition
Shares of common stock issued under either the ATM or DRIP programs. No definition available.
|
X | ||||||||||
- Definition
Percentage per depositary share No definition available.
|
X | ||||||||||
- Definition
The fixed rate component of the overall dividend rate, added together with the adjustable rate to determine the overall dividend rate of the series of preferred stock. No definition available.
|
X | ||||||||||
- Definition
The offering price per depositary share of the series of preferred stock. No definition available.
|
X | ||||||||||
- Definition
The proceeds, less the underwriters' discount, of a common stock issuance. No definition available.
|
X | ||||||||||
- Definition
One of three rates for which the highest of the three rates is the adjustable component of the dividend rate which is added to the fixed component to determine the overall dividend rate. No definition available.
|
X | ||||||||||
- Definition
One of three rates for which the highest of the three rates is the adjustable component of the dividend rate which is added to the fixed component to determine the overall dividend rate. No definition available.
|
X | ||||||||||
- Definition
Preferred Stock Redeemed Shares No definition available.
|
X | ||||||||||
- Definition
Proceeds from the issuance of common stock under either the ATM. No definition available.
|
X | ||||||||||
- Definition
Saleable company common stock. No definition available.
|
X | ||||||||||
- Definition
The number of shares issued in a certain public offering. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
X | ||||||||||
- Definition
The percentage points added to the reference rate to compute the variable rate on the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
Variable interest rate in effect as of the balance sheet date related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date of issuance for equity securities of development stage entities, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The percentage rate used to calculate dividend payments on preferred stock. No definition available.
|
X | ||||||||||
- Definition
The amount per share used to calculated dividend payments on preferred stock. No definition available.
|
X | ||||||||||
- Definition
Aggregate dividends paid during the period for each share of preferred stock outstanding. No definition available.
|
X | ||||||||||
- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Date the preferred stock has been redeemed, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of shares issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stockholders' Equity - Summary of Preferred Shares Outstanding (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Class of Stock [Line Items] | ||
Liquidation Preference | $ 75,000 | |
Series F Preferred Stock
|
||
Class of Stock [Line Items] | ||
Preferred Shares Outstanding | 500 | 500 |
Liquidation Preference | 50,000 | 50,000 |
Series G Preferred Stock [Member]
|
||
Class of Stock [Line Items] | ||
Preferred Shares Outstanding | 250 | 250 |
Liquidation Preference | 25,000 | 25,000 |
Series J Preferred Stock [Member]
|
||
Class of Stock [Line Items] | ||
Preferred Shares Outstanding | 400 | |
Liquidation Preference | 100,000 | |
Series K Preferred Stock [Member]
|
||
Class of Stock [Line Items] | ||
Preferred Shares Outstanding | 200 | |
Liquidation Preference | $ 50,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
|
X | ||||||||||
- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stockholders' Equity - Common Stock Outstanding, Including Unvested Restricted Shares of Common Stock (Detail)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Class of Stock [Line Items] | |||
Common Stock, Shares, Outstanding, Beginning Balance | 98,767,913 | ||
Issuance of Restricted Stock Shares | 1,003,421 | ||
Common Stock, Shares, Outstanding, Ending Balance | 109,980,850 | ||
Common Class A [Member]
|
|||
Class of Stock [Line Items] | |||
Common Stock, Shares, Outstanding, Beginning Balance | 98,767,913 | 86,807,402 | 68,841,296 |
Issuance of Common Stock, Including Vesting of Restricted Stock Units | 10,853,693 | 11,085,905 | 17,646,586 |
Issuance of Restricted Stock Shares | 284,461 | 565,137 | 292,339 |
Repurchase and Retirement of Restricted Stock Shares | (30,245) | (225,557) | (98,603) |
Conversion of Operating Partnership Units | 105,028 | 535,026 | 125,784 |
Common Stock, Shares, Outstanding, Ending Balance | 109,980,850 | 98,767,913 | 86,807,402 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
For net-share settlement of share-based awards when the employer settles employees' income tax withholding obligations, this element represents the number of shares the employees use to repay the employer. No definition available.
|
X | ||||||||||
- Definition
The number of shares issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stockholders' Equity - Summary of Dividend Distributions (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|||||
Class of Stock [Line Items] | |||||||
Total Common Dividend/ Distribution | $ 38,862 | ||||||
Total Preferred Dividend/ Distribution | 8,733 | 18,947 | 19,565 | ||||
Common Class A [Member]
|
|||||||
Class of Stock [Line Items] | |||||||
Total Common Dividend/ Distribution | 38,862 | [1] | 0 | [1] | 0 | ||
Series F Preferred Stock
|
|||||||
Class of Stock [Line Items] | |||||||
Total Preferred Dividend/ Distribution | 2,896 | [1] | 2,728 | [1] | 3,256 | ||
Series G Preferred Stock [Member]
|
|||||||
Class of Stock [Line Items] | |||||||
Total Preferred Dividend/ Distribution | 1,809 | [1] | 1,809 | [1] | 1,809 | ||
Series J Preferred Stock [Member]
|
|||||||
Class of Stock [Line Items] | |||||||
Total Preferred Dividend/ Distribution | 2,034 | [1] | 10,785 | [1] | 10,875 | ||
Series K Preferred Stock [Member]
|
|||||||
Class of Stock [Line Items] | |||||||
Total Preferred Dividend/ Distribution | $ 1,994 | [1] | $ 3,625 | [1] | $ 3,625 | ||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Accumulated Other Comprehensive Loss (Changes in AOCI) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balance as of December 31, 2012 | $ (6,557) |
Other Comprehensive Loss Before Reclassifications | (235) |
Amounts Reclassified from Accumulated Other Comprehensive Loss | 3,527 |
Net Current Period Other Comprehensive Income (Loss) | 3,292 |
Balance as of December 31, 2013 | (3,265) |
Interest Rate Protection Agreements
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balance as of December 31, 2012 | (7,008) |
Other Comprehensive Loss Before Reclassifications | 0 |
Amounts Reclassified from Accumulated Other Comprehensive Loss | 3,527 |
Net Current Period Other Comprehensive Income (Loss) | 3,527 |
Balance as of December 31, 2013 | (3,481) |
Foreign Currency Translation Adjustment
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balance as of December 31, 2012 | 138 |
Other Comprehensive Loss Before Reclassifications | (60) |
Amounts Reclassified from Accumulated Other Comprehensive Loss | 0 |
Net Current Period Other Comprehensive Income (Loss) | (60) |
Balance as of December 31, 2013 | 78 |
Comprehensive Income (Loss) Attributable to Noncontrolling Interest
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |
Balance as of December 31, 2012 | 313 |
Other Comprehensive Loss Before Reclassifications | (175) |
Amounts Reclassified from Accumulated Other Comprehensive Loss | 0 |
Net Current Period Other Comprehensive Income (Loss) | (175) |
Balance as of December 31, 2013 | $ 138 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Definition
Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss (Amounts Reclassified from AOCI) (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amortization of Interest Rate Protection Agreements | $ 73,558 | $ 83,506 | $ 100,127 |
Write-off of Unamortized Settlement Amounts of Interest Rate Protection Agreements | (6,637) | (9,684) | (5,459) |
Total | (81,014) | (94,104) | (107,677) |
Amount Reclassified from Accumulated Other Comprehensive Loss | Interest Rate Protection Agreements
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Total | 3,527 | ||
Interest Rate Contract [Member] | Amount Reclassified from Accumulated Other Comprehensive Loss | Interest Rate Protection Agreements
|
|||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Amortization of Interest Rate Protection Agreements | 2,411 | ||
Write-off of Unamortized Settlement Amounts of Interest Rate Protection Agreements | $ 1,116 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Supplemental Information to Statements of Cash Flows - Cash Flow Information (Detail) (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Supplemental Cash Flow Information [Line Items] | |||
Interest Paid, Net of Capitalized Interest | $ 70,726 | $ 83,504 | $ 100,375 |
Capitalized Interest | 3,611 | 1,997 | 437 |
Income Taxes (Refunded) Paid | 5,433 | (295) | 1,876 |
Supplemental Schedule of Non-Cash Investing and Financing Activities: | |||
Dividend Payable | 10,289 | 452 | |
Exchange Of Limited Partnership Units For General Partnership Units [Abstract] | |||
Conversion of Units to Common Stock | 0 | 0 | 0 |
Property Transfer to Lender in Satisfaction of Non-Recourse Mortgage Loan | |||
Net Investment in Real Estate | 0 | 0 | (3,200) |
Prepaid Expenses and Other Assets, Net | 0 | 0 | (1,987) |
Mortgage Loan Payable, Net | 0 | 0 | 5,040 |
Loss from Retirement of Debt | 0 | 0 | (147) |
Mortgage Loan Payable Assumed in Conjunction with a Property Acquisition | 483 | 12,026 | 24,417 |
Notes Receivable Issued in Conjunction with Certain Property Sales | 12,520 | 0 | 7,029 |
Accounts Payable Related to Construction in Progress and Additions to Investment in Real Estate | 15,249 | 12,524 | 6,517 |
Write-off of Fully Depreciated Assets | (62,281) | (46,801) | (58,357) |
Noncontrolling Interest
|
|||
Exchange Of Limited Partnership Units For General Partnership Units [Abstract] | |||
Conversion of Units to Common Stock | (996) | (4,763) | (1,109) |
Common Stock
|
|||
Exchange Of Limited Partnership Units For General Partnership Units [Abstract] | |||
Conversion of Units to Common Stock | 1 | 5 | 1 |
Additional Paid-in Capital
|
|||
Exchange Of Limited Partnership Units For General Partnership Units [Abstract] | |||
Conversion of Units to Common Stock | 995 | 4,758 | 1,108 |
Common Stock and Operating Partnership Units [Member]
|
|||
Supplemental Schedule of Non-Cash Investing and Financing Activities: | |||
Dividend Payable | 9,837 | 0 | 0 |
Preferred Stock
|
|||
Supplemental Schedule of Non-Cash Investing and Financing Activities: | |||
Dividend Payable | $ 452 | $ 452 | $ 4,763 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The non-cash amount of fully depreciated assets being written off during the period. No definition available.
|
X | ||||||||||
- Definition
Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Escrow deposits related to property sales in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount represents the difference between the cash acquisition price of the debt and the net carrying amount of the debt at the time of its extinguishment (or deconsolidation of in-substance real estate when an entity defaults on its debt obligations). No definition available.
|
X | ||||||||||
- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid during the current period for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value of loans assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value of notes issued in noncash investing and financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The value of notes retired (or transferred to another entity) in noncash investing or financing transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value of stock issued during the period upon the conversion of units. An example of a convertible unit is an umbrella partnership real estate investment trust unit (UPREIT unit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Value transferred out of real estate owned (REO) in noncash transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share - Computation of Basic and Diluted Earning Per Share (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Numerator: | |||||||||||
Income (Loss) from Continuing Operations | $ 4,941 | $ (22,459) | $ (33,631) | ||||||||
Gain on Sale of Real Estate, Net of Income Tax Provision | 337 | 291 | 0 | 262 | 0 | 3,777 | 0 | 0 | 890 | 3,777 | 918 |
Noncontrolling Interest Allocable to Continuing Operations | 67 | (39) | (293) | (128) | (487) | (204) | (1,005) | (538) | 356 | 2,038 | 3,185 |
Income (Loss) from Continuing Operations Attributable to First Industrial Realty Trust, Inc. | 6,187 | (16,644) | (29,528) | ||||||||
Preferred Dividends | (1,227) | (1,392) | (2,277) | (3,837) | (4,662) | (4,725) | (4,798) | (4,762) | (8,733) | (18,947) | (19,565) |
Redemption of Preferred Stock | 0 | (2,121) | (3,546) | 0 | (1,804) | 0 | 0 | 0 | (5,667) | (1,804) | 0 |
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | (8,213) | (37,395) | (49,093) | ||||||||
Income from Discontinued Operations, Net of Income Tax Provision | 19,323 | 5,919 | 12,639 | (2,284) | 1,164 | 5,869 | 3,141 | 5,989 | 35,597 | 16,163 | 23,523 |
Noncontrolling Interest Allocable to Discontinued Operations | (797) | (246) | (538) | 104 | (54) | (285) | (167) | (331) | (1,477) | (837) | (1,440) |
Income from Discontinued Operations Allocable to Participating Securities | (82) | (42) | (42) | 0 | 0 | (33) | 0 | 0 | (162) | 0 | 0 |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc. | 33,958 | 15,326 | 22,083 | ||||||||
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | 20,322 | 5,031 | 5,294 | (4,740) | (8,437) | 4,194 | (14,326) | (3,500) | 25,907 | (22,069) | (27,010) |
Net Income Allocable to Participating Securities | (162) | 0 | 0 | ||||||||
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 25,745 | $ (22,069) | $ (27,010) | ||||||||
Denominator: | |||||||||||
Weighted Average Shares—Basic and Diluted | 97,738 | 93,488 | 87,981 | 86,575 | 106,995 | 91,468 | 80,616 | ||||
Basic and Diluted EPS: | |||||||||||
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.01 | $ 0.00 | $ (0.06) | $ (0.03) | $ (0.10) | $ (0.02) | $ (0.19) | $ (0.11) | $ (0.08) | $ (0.41) | $ (0.61) |
Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.17 | $ 0.05 | $ 0.11 | $ (0.02) | $ 0.01 | $ 0.06 | $ 0.03 | $ 0.07 | $ 0.32 | $ 0.17 | $ 0.27 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.18 | $ 0.05 | $ 0.05 | $ (0.05) | $ (0.09) | $ 0.04 | $ (0.16) | $ (0.04) | $ 0.24 | $ (0.24) | $ (0.34) |
X | ||||||||||
- Definition
Income Loss From Continuing Operations Available To Common Stockholders No definition available.
|
X | ||||||||||
- Definition
Income (Loss) From Discontinued Operation Allocable To Participating Securities No definition available.
|
X | ||||||||||
- Definition
Net Income Available To Common Shareholders Basic Excluding Participating Securities No definition available.
|
X | ||||||||||
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the amount of gain (loss) on sale of properties during the reporting period net of the applicable income taxes realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate of earnings distributed and earnings allocated to participating securities under the two-class method to the extent that participating securities may share in earnings as if all of the earnings for the period had been distributed. No definition available.
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|
X | ||||||||||
- Details
|
Earnings Per Share - Additional Information (Detail)
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
---|---|---|---|
Earnings Per Share [Abstract] | |||
Unvested restricted stock awards outstanding | 488,861 | 288,627 | 673,381 |
X | ||||||||||
- Definition
Number of unvested restricted stock awards outstanding included in participating securities. No definition available.
|
X | ||||||||||
- Details
|
Earnings Per Share - Non-Participating Securities (Detail)
|
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Restricted Unit Awards [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Awards Outstanding to Non-Participating Securities | 73,400 | 483,500 | 731,900 |
Options [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Awards Outstanding to Non-Participating Securities | 0 | 0 | 25,201 |
Long-Term Incentive Program [Member]
|
|||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Awards Outstanding to Non-Participating Securities | 718,960 | 0 | 0 |
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes - Components of Income Tax Benefit (Provision) (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Current: | |||
Federal | $ 231 | $ (5,210) | $ (622) |
State | (264) | (253) | (502) |
Foreign | 0 | (10) | (41) |
Deferred: | |||
Federal | 0 | 0 | (284) |
State | 36 | (49) | (2) |
Foreign | 0 | 0 | (697) |
Income Tax Benefit (Provision) | $ 3 | $ (5,522) | $ (2,148) |
X | ||||||||||
- Definition
Income Tax Expense (Benefit), Excluding Discontinued Operations No definition available.
|
X | ||||||||||
- Definition
Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Deferred Tax Assets (Liabilities) (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Income Tax Disclosure [Abstract] | ||
Impairment of Real Estate | $ 5,185 | $ 5,519 |
Foreign Net Operating Loss Carryforward | 1,312 | 854 |
Valuation Allowance | (5,357) | (5,244) |
Other | 696 | 617 |
Total Deferred Tax Assets, Net of Allowance | 1,836 | 1,746 |
Straight-line Rent | (76) | (91) |
Fixed Assets | (1,771) | (1,666) |
Other | (122) | (158) |
Total Deferred Tax Liabilities | (1,969) | (1,915) |
Total Net Deferred Tax Liabilities | $ (133) | $ (169) |
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible foreign operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences from tax deferred revenue or other income not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Income Taxes - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||
---|---|---|---|---|
Dec. 31, 2009
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2009
|
|
Income Tax Disclosure [Abstract] | ||||
Net deferred tax (liabilities) assets | $ (133) | $ (169) | ||
Valuation allowance | 5,357 | 5,244 | ||
Received refund from the IRS | 40,418 | |||
Amount of refund claim up to which IRS examination team is required by statute to review all refunds | 2,000 | |||
Adjustment to Taxable Income | 13,700 | |||
Taxes owed | 4,806 | |||
Accrued interest | 500 | |||
Preferred stock distributions taxable as capital gain | $ 8,238 | |||
Long-term Capital Gains as a Percentage of Distribution | 35.42% | |||
Return of Capital as a Percentage of Distribution | 64.58% |
X | ||||||||||
- Definition
Adjustment to Taxable Income No definition available.
|
X | ||||||||||
- Definition
Examined Refunds No definition available.
|
X | ||||||||||
- Definition
Long term capital gains as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Preferred Stock Distributions Taxable as Capital Gain No definition available.
|
X | ||||||||||
- Definition
Return of capital as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The amount of estimated interest recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of estimated penalties recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of cash received during the period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Income Tax Benefit (Provision) Pertaining to Income from Continuing Operations and Gain on Sale of Real Estate (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Income Tax Disclosure [Abstract] | |||
Tax Benefit (Provision) at Federal Rate Related to Continuing Operations | $ 286 | $ 557 | $ (2,162) |
State Tax Provision, Net of Federal Benefit (Provision) | (236) | (244) | (521) |
Non-deductible Permanent Items, Net | 21 | 32 | (54) |
IRS Audit Adjustment and Accrued Interest | 58 | (5,523) | 0 |
Change in Valuation Allowance | (388) | (166) | 1,853 |
Foreign Taxes, Net | 0 | (10) | (96) |
Other | 262 | (168) | 78 |
Net Income Tax Benefit (Provision) | $ 3 | $ (5,522) | $ (902) |
X | ||||||||||
- Definition
Net Income Tax Provision Benefit Associated with Income from Continuing Operations and Gain on Sale for Real Estate. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The sum of the amounts of estimated penalties and interest recognized in the period arising from income tax examinations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Federal Income Tax Treatment of Share Distributions (Detail) (USD $)
|
12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2012
|
Dec. 31, 2013
Common Stock
|
Dec. 31, 2013
Series J Preferred Stock [Member]
|
Jun. 30, 2012
Series J Preferred Stock [Member]
|
Dec. 31, 2013
Series J Preferred Stock [Member]
|
Dec. 31, 2012
Series J Preferred Stock [Member]
|
Dec. 31, 2011
Series J Preferred Stock [Member]
|
Sep. 30, 2013
Series K Preferred Stock [Member]
|
Dec. 31, 2013
Series K Preferred Stock [Member]
|
Dec. 31, 2012
Series K Preferred Stock [Member]
|
Dec. 31, 2011
Series K Preferred Stock [Member]
|
Dec. 31, 2012
Depositary Shares [Member]
Series J Preferred Stock [Member]
|
||||||||||
Income Tax [Line Items] | |||||||||||||||||||||
Ordinary Income | $ 0.3088 | $ 0.5085 | [1] | $ 0.0000 | $ 0.3130 | $ 0.9969 | [2] | $ 0.0000 | $ 0.3130 | $ 0.0000 | [3] | ||||||||||
Long-term Capital Gains | $ 0.0000 | $ 0.0000 | [1] | $ 0.8025 | $ 0.0000 | $ 0.0000 | [2] | $ 0.8025 | $ 0.0000 | $ 0.7864 | [3] | ||||||||||
Unrecaptured Section 1250 Gain | $ 0.0000 | $ 0.0000 | [1] | $ 0.0000 | $ 0.0000 | $ 0.0000 | [2] | $ 0.0000 | $ 0.0000 | $ 0.0000 | [3] | ||||||||||
Return of Capital | $ 0.0000 | $ 0.0000 | [1] | $ 1.4632 | $ 1.0402 | $ 0.0000 | [2] | $ 1.4632 | $ 1.0402 | $ 1.4339 | [3] | ||||||||||
Qualified Dividends | $ 0.0000 | $ 0.0000 | [1] | $ 0.0000 | $ 0.0062 | $ 0.0000 | [2] | $ 0.0000 | $ 0.0062 | $ 0.0000 | [3] | ||||||||||
Preferred Distribution per Depositary Share | $ 0.3088 | $ 0.407812 | $ 0.055382 | $ 0.5085 | [1] | $ 2.2657 | $ 1.3594 | $ 0.090625 | $ 0.9969 | [2] | $ 2.2657 | $ 1.3594 | $ 2.2203 | [3] | |||||||
Ordinary Income as a Percentage of Distribution | 100.00% | 100.00% | [1] | 0.00% | 23.02% | 100.00% | [2] | 0.00% | 23.02% | 0.00% | [3] | ||||||||||
Long-term Capital Gains as a Percentage of Distribution | 35.42% | 0.00% | 0.00% | [1] | 35.42% | 0.00% | 0.00% | [2] | 35.42% | 0.00% | 35.42% | [3] | |||||||||
Unrecaptured Section 1250 Gain as a Percentage of Distribution | 0.00% | 0.00% | [1] | 0.00% | 0.00% | 0.00% | [2] | 0.00% | 0.00% | 0.00% | [3] | ||||||||||
Return of Capital as a Percentage of Distribution | 64.58% | 0.00% | 0.00% | [1] | 64.58% | 76.52% | 0.00% | [2] | 64.58% | 76.52% | 64.58% | [3] | |||||||||
Qualified Dividends as a Percentage of Distribution | 0.00% | 0.00% | [1] | 0.00% | 0.46% | 0.00% | [2] | 0.00% | 0.46% | 0.00% | [3] | ||||||||||
Preferred Distribution, Percentage | 100.00% | 100.00% | [1] | 100.00% | 100.00% | 100.00% | [2] | 100.00% | 100.00% | 100.00% | [3] | ||||||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Long term capital gains as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Long term capital gains per share. No definition available.
|
X | ||||||||||
- Definition
Ordinary Income as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Ordinary income per share. No definition available.
|
X | ||||||||||
- Definition
Preferred distributions percentage. No definition available.
|
X | ||||||||||
- Definition
Qualified dividends as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Qualified dividends per share. No definition available.
|
X | ||||||||||
- Definition
Return of capital as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Return of capital per share. No definition available.
|
X | ||||||||||
- Definition
Unrecaptured section gain as percentage of distributions. No definition available.
|
X | ||||||||||
- Definition
Unrecaptured section gain per share. No definition available.
|
X | ||||||||||
- Definition
Aggregate dividends paid during the period for each share of preferred stock outstanding. No definition available.
|
Income Taxes - Federal Income Tax Treatment of Share Distributions (Parenthetical) (Detail)
|
0 Months Ended | 12 Months Ended | 0 Months Ended | ||
---|---|---|---|---|---|
Apr. 11, 2013
Series J Preferred Stock [Member]
|
Dec. 31, 2013
Series J Preferred Stock [Member]
|
Apr. 11, 2013
Depositary Shares [Member]
Series J Preferred Stock [Member]
|
Dec. 21, 2012
Depositary Shares [Member]
Series J Preferred Stock [Member]
|
Jul. 18, 2013
Depositary Shares [Member]
Series K Preferred Stock [Member]
|
|
Income Tax [Line Items] | |||||
Depositary shares of preferred stock redeemed | 4,000,000 | 2,000,000 | 4,000,000 | 2,000,000 | 2,000,000 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Preferred Stock Redeemed Shares No definition available.
|
Restructuring Costs - Summarization of Restructuring Costs (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Restructuring Costs [Abstract] | |||
Termination of certain office leases | $ 1,200 | ||
Other | 353 | ||
Total restructuring costs | 0 | 0 | 1,553 |
Unpaid restructuring expense included in accounts payable, accrued expenses and other liabilities | $ 1,130 | $ 1,464 |
X | ||||||||||
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Includes, but is not limited to, one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and termination benefits associated with an ongoing benefit arrangement. Excludes expenses associated with special or contractual termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Future Rental Revenues - Minimum Lease Payments Receivable, Excluding Tenant Reimbursements of Expenses, Under Non-Cancelable Operating Leases (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
---|---|
Disclosure Future Rental Revenues Minimum Lease Payments Receivable Excluding Tenant Reimbursements Of Expenses Under Non Cancelable Operating Leases [Abstract] | |
2014 | $ 242,261 |
2015 | 210,117 |
2016 | 167,903 |
2017 | 134,636 |
2018 | 102,717 |
Thereafter | 298,738 |
Total | $ 1,156,372 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Future minimum rental payments in aggregate as of the balance sheet date under operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within one year of the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fifth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the fourth year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the third year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future rental payments receivable within the second year from the balance sheet date under an operating lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Future minimum lease payments receivable under operating leases for periods greater than five years following the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock Based Compensation - Additional Information (Detail) (USD $)
In Thousands, except Share data, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
Plans
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Number of Stock Incentive Plans | 5 | ||
Shares authorized under Stock Incentive Plans | 11,500,000 | ||
Shares available under Stock Incentive Plans | 373,243 | ||
Matching contributions in 401(k) / profit sharing plan | $ 300 | $ 284 | $ 197 |
Restricted stock and unit awards to employees | 1,003,421 | ||
Fair value of restricted stock and unit awards | 4,719 | 7,065 | 3,248 |
Compensation expense recognized at date of grant | 1,008 | 3,649 | |
Amortization related to restricted stock and unit awards | 6,202 | 8,559 | 3,759 |
Amortization capitalized in development activities | 43 | 32 | 0 |
Unrecognized compensation related to unvested restricted stock and unit awards | 7,319 | ||
Weighted average period of unrecognized compensation expected to be recognized | 10 months 0 days | ||
Long-Term Incentive Program [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Restricted stock and unit awards to employees | 718,960 | ||
LTIP Unit Awards fair value | $ 5,411 | ||
Long-Term Incentive Program [Member] | Minimum
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage by which maximum shares Issuable to Participant for Performance Period Multiplied | 0.00% | ||
Long-Term Incentive Program [Member] | Maximum
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Percentage by which maximum shares Issuable to Participant for Performance Period Multiplied | 100.00% | ||
Restricted stock [Member]
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Restricted stock and unit awards to employees | 284,461 | 565,137 | 292,339 |
Restricted stock [Member] | Minimum
|
|||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period of restricted stock | 3 years |
X | ||||||||||
- Definition
Fair value at the date of grant of restricted stock and unit awards issued during the period. No definition available.
|
X | ||||||||||
- Definition
Number Of Stock Incentive Plans No definition available.
|
X | ||||||||||
- Definition
Percentage by Which Maximum Shares Issuable to Participant for Performance Period No definition available.
|
X | ||||||||||
- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Fair Value No definition available.
|
X | ||||||||||
- Definition
Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of payment into the fund established for purposes of making future disbursements to the individual in accordance with the terms and understanding of the deferred compensation arrangement. No definition available.
|
X | ||||||||||
- Definition
Represents the compensation cost capitalized during the period arising from equity-based compensation arrangements (for example, shares of stock, units, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Additional share-based compensation cost recognized as a result of an occurrence of an event that accelerates its recognition. No definition available.
|
X | ||||||||||
- Definition
Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Stock Based Compensation - Valuation Assumptions (Details) (Long-Term Incentive Program [Member])
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Expected dividend yield | 2.22% |
Expected volatility - weighted average | 30.61% |
Minimum
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Expected volatility - range used | 24.28% |
Risk-free interest rate | 0.03% |
Expected term | 1 year |
Maximum
|
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Expected volatility - range used | 34.66% |
Risk-free interest rate | 0.71% |
Expected term | 2 years 6 months |
X | ||||||||||
- Definition
Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average expected volatility of stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Stock Based Compensation - Summary of Restricted Stock Award and Restricted Stock Unit Award Transactions (Detail) (USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Outstanding, Beginning Balance, Awards | 772,127 |
Issued, Awards | 1,003,421 |
Forfeited, Awards | (201,719) |
Vested, Awards | (292,608) |
Outstanding, Ending Balance, Awards | 1,281,221 |
Outstanding, Weighted average grant date fair value, Beginning of Period | $ 7.02 |
Issued, Weighted average grant date fair value | $ 10.10 |
Forfeited, Weighted average grant date fair value | $ 4.58 |
Vested, Weighted average grant date fair value | $ 7.41 |
Outstanding Weighted Average, End of Period | $ 9.72 |
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivatives - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Series F Preferred Stock
|
Oct. 31, 2008
Series F Preferred Stock
|
||||
Derivative [Line Items] | |||||||
Minimum fixed coupon rate of preferred stock | 2.375% | ||||||
Number of years of U.S treasury rate one | 30 years | ||||||
Number of years of U.s treasury rate two | 10 years | ||||||
LIBOR rate | 3-month LIBOR | ||||||
New coupon rate of preferred stock | 6.065% | ||||||
Notional value of interest rate swap agreement | $ 50,000 | [1] | $ 50,000 | ||||
Number of years of long dated treasuries | 30 years | ||||||
Treasury rate of agreement | 5.2175% | ||||||
Mark-to-Market Gain (Loss) on Interest Rate Protection Agreements | (52) | 328 | |||||
Settlement payments of mark-to-market gains or losses | 774 | 1,169 | |||||
Amortization to be reclassified from OCI into income | 1,358 | ||||||
Outstanding settlement payment due on the agreement | $ 0 | $ 305 | |||||
|
X | ||||||||||
- Definition
Number of years of long dated treasuries. No definition available.
|
X | ||||||||||
- Definition
One of three rates for which the highest of the three rates is the adjustable component of the dividend rate which is added to the fixed component to determine the overall dividend rate. No definition available.
|
X | ||||||||||
- Definition
One of three rates for which the highest of the three rates is the adjustable component of the dividend rate which is added to the fixed component to determine the overall dividend rate. No definition available.
|
X | ||||||||||
- Definition
Settlement payments of mark to market gains or losses No definition available.
|
X | ||||||||||
- Definition
Percentage of treasury rate. No definition available.
|
X | ||||||||||
- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
|
X | ||||||||||
- Definition
The percentage points added to the reference rate to compute the variable rate on the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
The estimated value of gains (losses), net anticipated to be transferred in the future from accumulated other comprehensive income into earnings. No definition available.
|
X | ||||||||||
- Definition
Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Variable interest rate in effect as of the balance sheet date related to the interest rate derivative. No definition available.
|
Summary of Derivatives and Fair Values (Detail) (Series F Agreement, USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Oct. 31, 2008
|
|||||
Series F Agreement
|
|||||||
Derivative [Line Items] | |||||||
Notional Amount | $ 50,000 | [1] | $ 50,000 | ||||
Strike | 5.2175% | [1] | |||||
Trade Date | Oct. 01, 2008 | [1] | |||||
Maturity Date | Oct. 01, 2013 | [1] | |||||
Fair Value of Derivative Liabilities | $ (826) | [1] | |||||
|
X | ||||||||||
- Definition
Fixed interest rate related to the interest rate derivative. No definition available.
|
X | ||||||||||
- Definition
Date the entity entered into the derivative contract, in CCYY-MM-DD format. No definition available.
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Nominal or face amount used to calculate payments on the derivative liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Date the derivative contract matures, in CCYY-MM-DD format. No definition available.
|
Summary of Impact of Derivatives in Cash Flow Hedging Relationships on Statement of Operations and Statement of OCI (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Derivative [Line Items] | |||
Amortization Reclassified from OCI into Income (Loss) | $ 2,411 | $ 2,271 | $ 2,166 |
Interest Expense [Member]
|
|||
Derivative [Line Items] | |||
Amortization Reclassified from OCI into Income (Loss) | $ (2,411) | $ (2,271) |
X | ||||||||||
- Definition
The effective portion of loss reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Measurements on Recurring Basis (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
Dec. 31, 2012
|
---|---|---|
Fair Value On Recurring Basis [Line Items] | ||
Fair Value of Liabilities | $ 0 | $ (826) |
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
|
||
Fair Value On Recurring Basis [Line Items] | ||
Fair Value of Liabilities | 0 | |
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
|
||
Fair Value On Recurring Basis [Line Items] | ||
Fair Value of Liabilities | 0 | |
Fair Value, Measurements, Recurring [Member] | Unobservable Inputs (Level 3) [Member]
|
||
Fair Value On Recurring Basis [Line Items] | ||
Fair Value of Liabilities | $ (826) |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Reconciliation of Liabilities Classified as Level 3 (Detail) (Unobservable Inputs (Level 3) [Member], USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
|
Unobservable Inputs (Level 3) [Member]
|
||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Ending Liability Balance | $ (826) | $ (1,667) |
Mark-to-Market on Series F Agreement | 826 | 841 |
Ending Liability Balance | $ 0 | $ (826) |
X | ||||||||||
- Definition
This item represents the amount of the total realized and unrealized gains or losses for the period which are included in the statement of income (or changes in net assets); the fair value of which assets and liabilities was or is measured on a recurring basis using significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Quantitative Information about Level 3 Fair Value Measurements (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2013
Discounted Cash Flow [Member]
Unobservable Inputs (Level 3) [Member]
Derivative Financial Instruments, Liabilities [Member]
Minimum
|
Dec. 31, 2013
Discounted Cash Flow [Member]
Unobservable Inputs (Level 3) [Member]
Derivative Financial Instruments, Liabilities [Member]
Maximum
|
|||||||
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] | ||||||||||
Fair value inputs, long dated treasuries | 2.82% | [1] | 2.91% | [1] | ||||||
Fair value inputs, own credit risk | 0.98% | [2] | 1.59% | [2] | ||||||
Fair Value | $ 0 | $ (826) | ||||||||
|
X | ||||||||||
- Definition
Fair value inputs long dated treasuries. No definition available.
|
X | ||||||||||
- Definition
Risk associated with risk of default, credit spread risk and downgrade risk, expressed as a percentage, used as an input to measure fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value of financial and nonfinancial obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies - Additional Information (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
Property
sqft
Buildings
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Commitments and Contingencies Disclosure [Abstract] | |||
Number of leased properties granting the tenants options to purchase the property | 3 | ||
Letter of credit and performance bonds in the aggregate amount | $ 8,054 | ||
Number of industrial properties committed to development | 3 | ||
Gross leasable area (GLA) of industrial properties committed to development | 800,000 | ||
Estimated total construction costs | 49,200 | ||
Estimated total construction costs remaining to be funded | 23,900 | ||
Operating and ground lease expense | $ 1,440 | $ 1,565 | $ 1,955 |
X | ||||||||||
- Definition
Estimated Total Construction Costs of Development Projects. No definition available.
|
X | ||||||||||
- Definition
Estimated construction cost to be funded. No definition available.
|
X | ||||||||||
- Definition
Number Of Buildings Under Construction No definition available.
|
X | ||||||||||
- Definition
The number of operating leases which contain options to purchase the property. No definition available.
|
X | ||||||||||
- Definition
Square Feet Under Development No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
|
X | ||||||||||
- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments and Contingencies - Future Minimum Rental Payments Under Terms of all Non-Cancelable Ground and Operating Leases (Detail) (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2013
|
|||
---|---|---|---|---|
Commitments and Contingencies Disclosure [Abstract] | ||||
2014 | $ 1,824 | |||
2015 | 1,660 | |||
2016 | 1,673 | |||
2017 | 1,702 | |||
2018 | 1,100 | |||
Thereafter | 25,117 | |||
Total | $ 33,076 | [1] | ||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of contractual obligation, including but not limited to, long-term debt, capital lease obligations, operating lease obligations, purchase obligations, and other commitments. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing after the fifth fiscal year following the latest fiscal year. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing in the fifth fiscal year following the latest fiscal year. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing in the fourth fiscal year following the latest fiscal year. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing in the next fiscal year following the latest fiscal year. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing in the second fiscal year following the latest fiscal year. No definition available.
|
X | ||||||||||
- Definition
Amount of contractual obligation maturing in the third fiscal year following the latest fiscal year. No definition available.
|
Commitments and Contingencies Commitments and Contingencies - Future Minimum Rental Payments Under Terms of all Non-Cancelable Ground and Operating Leases (Parenthetical) (Details) (USD $)
|
12 Months Ended |
---|---|
Dec. 31, 2013
|
|
Commitments and Contingencies Disclosure [Abstract] | |
Minimum rental payments have not been reduced by minimum sublease rentals due in the future under non-cancelable subleases. | $ 6,832 |
X | ||||||||||
- Definition
Operating Leases Future Minimum Sublease Income No definition available.
|
X | ||||||||||
- Details
|
Subsequent Events - Additional Information (Detail) (USD $)
|
12 Months Ended | 2 Months Ended | 0 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
Property
|
Dec. 31, 2012
Property
|
Dec. 31, 2011
Property
|
Dec. 31, 2013
Series F Preferred Stock
|
Feb. 27, 2014
Subsequent Event [Member]
Parcels
|
Feb. 03, 2014
Subsequent Event [Member]
Series F Preferred Stock
|
Feb. 03, 2014
Subsequent Event [Member]
Series G Preferred Stock [Member]
|
Jan. 29, 2014
Unsecured Debt [Member]
Subsequent Event [Member]
|
Jan. 29, 2014
London Interbank Offered Rate (LIBOR) [Member]
Unsecured Debt [Member]
Subsequent Event [Member]
|
Jan. 29, 2014
Series F Agreement
Subsequent Event [Member]
|
Jan. 29, 2014
Series F Agreement
Unsecured Debt [Member]
Subsequent Event [Member]
|
|
Subsequent Event [Line Items] | |||||||||||
Number of industrial properties acquired | 2 | 1 | 1 | 1 | |||||||
Purchase price of acquisition | $ 73,642,000 | $ 55,508,000 | $ 5,277,000 | $ 13,400,000 | |||||||
Number of industrial properties sold | 67 | 28 | 36 | 1 | |||||||
Proceeds from sale of industrial property | 126,250,000 | 82,503,000 | 75,953,000 | 1,335,000 | |||||||
Loan Principal | 200,000 | ||||||||||
Loan Term | 7 years | ||||||||||
Basis points in addition to LIBOR | 175.00% | ||||||||||
Derivative, notional amount | 200,000 | ||||||||||
Fixed interest rate converted from LIBOR | 4.04% | ||||||||||
Stock announced to be redeemed, shares | 50,000 | 25,000 | |||||||||
Redemption price per share | $ 1,000.00 | $ 1,000.00 | $ 1,000.00 | ||||||||
Aggregate redemption price | $ (150,051,000) | $ (50,044,000) | $ 50,000,000 | $ 50,000 | $ 25,000 |
X | ||||||||||
- Definition
Fixed Interest Rate Converted from LIBOR No definition available.
|
X | ||||||||||
- Definition
Number of industrial properties acquired. No definition available.
|
X | ||||||||||
- Definition
Number of industrial properties sold. No definition available.
|
X | ||||||||||
- Definition
Preferred Stock, Shares to be Redeemed No definition available.
|
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
|
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
X | ||||||||||
- Definition
The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from the sale of formerly productive land held for sale, anything permanently fixed to it, including buildings, structures on it, and so forth. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Quarterly Financial Information - Net Income (loss) Available to Common Stockholders and Basic and Diluted EPS (Detail) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2013
|
Sep. 30, 2013
|
Jun. 30, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
Sep. 30, 2012
|
Jun. 30, 2012
|
Mar. 31, 2012
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Quarterly Financial Information Disclosure [Abstract] | |||||||||||
Total Revenues | $ 84,136 | $ 81,294 | $ 82,098 | $ 80,698 | $ 81,220 | $ 76,636 | $ 78,946 | $ 77,523 | $ 328,226 | $ 314,325 | $ 302,668 |
Equity in Income of Joint Ventures | 17 | 72 | 27 | 20 | 1,403 | 28 | 37 | 91 | 136 | 1,559 | 980 |
Noncontrolling Interest Allocable to Continuing Operations | (67) | 39 | 293 | 128 | 487 | 204 | 1,005 | 538 | (356) | (2,038) | (3,185) |
Income (Loss) from Continuing Operations, Net of Noncontrolling Interest | 2,699 | 2,592 | (984) | 1,027 | (3,081) | (246) | (12,502) | (4,396) | |||
(Loss) Income from Discontinued Operations | 19,323 | 5,919 | 12,639 | (2,284) | 1,164 | 5,869 | 3,141 | 5,989 | 35,597 | 16,163 | 23,523 |
Noncontrolling Interest Allocable to Discontinued Operations | (797) | (246) | (538) | 104 | (54) | (285) | (167) | (331) | (1,477) | (837) | (1,440) |
Gain on Sale of Real Estate, Net of Income Tax | 337 | 291 | 0 | 262 | 0 | 3,777 | 0 | 0 | 890 | 3,777 | 918 |
Noncontrolling Interest Allocable to Gain on Sale of Real Estate | (13) | (12) | 0 | (12) | 0 | (196) | 0 | 0 | |||
Net Income (Loss) Attributable to First Industrial Realty Trust, Inc. | 21,549 | 8,544 | 11,117 | (903) | (1,971) | 8,919 | (9,528) | 1,262 | 40,307 | (1,318) | (7,445) |
Preferred Dividends | (1,227) | (1,392) | (2,277) | (3,837) | (4,662) | (4,725) | (4,798) | (4,762) | (8,733) | (18,947) | (19,565) |
Redemption of Preferred Stock | 0 | (2,121) | (3,546) | 0 | (1,804) | 0 | 0 | 0 | (5,667) | (1,804) | 0 |
Net Income (Loss) Available to First Industrial Realty Trust, Inc.’s Common Stockholders and Participating Securities | 20,322 | 5,031 | 5,294 | (4,740) | (8,437) | 4,194 | (14,326) | (3,500) | 25,907 | (22,069) | (27,010) |
Income From Continuing Operations Allocable to Participating Securities | (8) | 0 | 0 | (36) | |||||||
Income from Discontinued Operations Allocable to Participating Securities | 82 | 42 | 42 | 0 | 0 | 33 | 0 | 0 | 162 | 0 | 0 |
Net (Loss) Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ 20,232 | $ 4,989 | $ 5,252 | $ (4,776) | $ (8,437) | $ 4,161 | $ (14,326) | $ (3,500) | |||
Basic and Diluted Earnings Per Share: | |||||||||||
Loss from Continuing Operations Available to First Industrial Realty Trust, Inc.’s Common Stockholders | $ 0.01 | $ 0.00 | $ (0.06) | $ (0.03) | $ (0.10) | $ (0.02) | $ (0.19) | $ (0.11) | $ (0.08) | $ (0.41) | $ (0.61) |
(Loss) Income from Discontinued Operations Attributable to First Industrial Realty Trust, Inc.'s Common Stockholders | $ 0.17 | $ 0.05 | $ 0.11 | $ (0.02) | $ 0.01 | $ 0.06 | $ 0.03 | $ 0.07 | $ 0.32 | $ 0.17 | $ 0.27 |
Net (Loss) Income Available to First Industrial Realty Trust, Inc.'s Common Stockholders | $ 0.18 | $ 0.05 | $ 0.05 | $ (0.05) | $ (0.09) | $ 0.04 | $ (0.16) | $ (0.04) | $ 0.24 | $ (0.24) | $ (0.34) |
Weighted Average Shares - Basic and Diluted | 97,738 | 93,488 | 87,981 | 86,575 | 106,995 | 91,468 | 80,616 | ||||
Weighted Average Shares - Basic | 109,490 | 109,474 | 108,117 | 100,774 | |||||||
LTIP Unit Awards | 485 | 0 | 0 | 0 | |||||||
Weighted Average Shares - Diluted | 109,975 | 109,474 | 108,117 | 100,774 |
X | ||||||||||
- Definition
Income (Loss) From Continuing Operations Allocable to Participating Securities No definition available.
|
X | ||||||||||
- Definition
Income (loss) from continuing operations, net of income tax benefit (provision) and noncontrolling interest. No definition available.
|
X | ||||||||||
- Definition
Income (Loss) From Discontinued Operation Allocable To Participating Securities No definition available.
|
X | ||||||||||
- Definition
Net income after adjustments for participating securities. No definition available.
|
X | ||||||||||
- Definition
Noncontrolling Interest Allocable to Gain on Sale of Real Estate. No definition available.
|
X | ||||||||||
- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This element represents the amount of gain (loss) on sale of properties during the reporting period net of the applicable income taxes realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares. No definition available.
|
X | ||||||||||
- Definition
Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation, when the per share amount is the same. No definition available.
|
X | ||||||||||
- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
|
X | ||||||||||
- Definition
The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2013
4250 River Green Parkway [Member]
|
Dec. 31, 2013
3450 Corporate Way [Member]
|
Dec. 31, 2013
1650 Highway 155 [Member]
|
Dec. 31, 2013
1665 Dogwood [Member]
|
Dec. 31, 2013
1715 Dogwood [Member]
|
Dec. 31, 2013
11235 Harland Drive [Member]
|
Dec. 31, 2013
4051 Southmeadow Parkway [Member]
|
Dec. 31, 2013
4071 Southmeadow Parkway [Member]
|
Dec. 31, 2013
4081 Southmeadow Parkway [Member]
|
Dec. 31, 2013
5570 Tulane Dr [Member]
|
Dec. 31, 2013
955 Cobb Place [Member]
|
Dec. 31, 2013
1005 Sigman Road [Member]
|
Dec. 31, 2013
2050 East Park Drive [Member]
|
Dec. 31, 2013
1256 Oakbrook Drive [Member]
|
Dec. 31, 2013
1265 Oakbrook Drive [Member]
|
Dec. 31, 2013
1280 Oakbrook Drive [Member]
|
Dec. 31, 2013
1300 Oakbrook Drive [Member]
|
Dec. 31, 2013
1325 Oakbrook Drive [Member]
|
Dec. 31, 2013
1351 Oakbrook Drive [Member]
|
Dec. 31, 2013
1346 Oakbrook Drive [Member]
|
Dec. 31, 2013
3060 South Park Blvd [Member]
|
Dec. 31, 2013
Greenwood Industrial Park [Member]
|
Dec. 31, 2013
46 Kent Drive [Member]
|
Dec. 31, 2013
605 Stonehill Drive [Member]
|
Dec. 31, 2013
5095 Phillip Lee Drive [Member]
|
Dec. 31, 2013
6514 Warren Drive [Member]
|
Dec. 31, 2013
6544 Warren Drive [Member]
|
Dec. 31, 2013
5356 E. Ponce De Leon [Member]
|
Dec. 31, 2013
5390 E. Ponce De Leon [Member]
|
Dec. 31, 2013
195 & 197 Collins Boulevard [Member]
|
Dec. 31, 2013
1755 Enterprise Drive [Member]
|
Dec. 31, 2013
4555 Atwater Court [Member]
|
Dec. 31, 2013
80 Liberty Industrial Parkway [Member]
|
Dec. 31, 2013
596 Bonnie Valentine [Member]
|
Dec. 31, 2013
11415 Old Roswell Road [Member]
|
Dec. 31, 2013
9700 Martin Luther King Hwy [Member]
|
Dec. 31, 2013
9730 Martin Luther King Hwy [Member]
|
Dec. 31, 2013
4621 Boston Way [Member]
|
Dec. 31, 2013
4720 Boston Way [Member]
|
Dec. 31, 2013
22520 Randolph Drive [Member]
|
Dec. 31, 2013
22630 Dulles Summit Court [Member]
|
Dec. 31, 2013
4201 Forbes Boulevard [Member]
|
Dec. 31, 2013
4370-4383 Lottsford Vista Rd [Member]
|
Dec. 31, 2013
4400 Lottsford Vista Rd [Member]
|
Dec. 31, 2013
4420 Lottsford Vista Road [Member]
|
Dec. 31, 2013
11204 McCormick Road [Member]
|
Dec. 31, 2013
11110 Pepper Road [Member]
|
Dec. 31, 2013
11100-11120 Gilroy Road [Member]
|
Dec. 31, 2013
318 Clubhouse Lane [Member]
|
Dec. 31, 2013
10709 Gilroy Road [Member]
|
Dec. 31, 2013
10707 Gilroy Road [Member]
|
Dec. 31, 2013
38 Loveton Circle [Member]
|
Dec. 31, 2013
7120-7132 Ambassador Road [Member]
|
Dec. 31, 2013
7142 Ambassador Road [Member]
|
Dec. 31, 2013
7144-7162 Ambassador Road [Member]
|
Dec. 31, 2013
7223-7249 Ambassador Road [Member]
|
Dec. 31, 2013
7200 Rutherford Road [Member]
|
Dec. 31, 2013
2700 Lord Baltimore Road [Member]
|
Dec. 31, 2013
1225 Bengies Road [Member]
|
Dec. 31, 2013
1214-B Freedom Road [Member]
|
Dec. 31, 2013
401 Russell Drive [Member]
|
Dec. 31, 2013
2700 Commerce Drive [Member]
|
Dec. 31, 2013
2701 Commerce Drive [Member]
|
Dec. 31, 2013
2780 Commerce Drive [Member]
|
Dec. 31, 2013
350 Old Silver Spring Road [Member]
|
Dec. 31, 2013
16522 Hunters Green Parkway [Member]
|
Dec. 31, 2013
18212 Shawley Drive [Member]
|
Dec. 31, 2013
37 Valley View Drive [Member]
|
Dec. 31, 2013
301 Railroad Avenue [Member]
|
Dec. 31, 2013
431 Railroad Avenue [Member]
|
Dec. 31, 2013
6951 Allentown Blvd [Member]
|
Dec. 31, 2013
320 Reliance Road [Member]
|
Dec. 31, 2013
1351 Eisenhower Blvd., Bldg 1 [Member]
|
Dec. 31, 2013
1351 Eisenhower Blvd., Bldg 2 [Member]
|
Dec. 31, 2013
1490 Dennison Circle [Member]
|
Dec. 31, 2013
298 First Avenue [Member]
|
Dec. 31, 2013
225 Cross Farm Lane [Member]
|
Dec. 31, 2013
105 Steamboat Blvd [Member]
|
Dec. 31, 2013
Twenty Leo Lane [Member]
|
Dec. 31, 2013
720-730 Landwehr Road [Member]
|
Dec. 31, 2013
1385 101st Street [Member]
|
Dec. 31, 2013
6750 South Sayre Avenue [Member]
|
Dec. 31, 2013
585 Slawin Court [Member]
|
Dec. 31, 2013
2300 Windsor Court [Member]
|
Dec. 31, 2013
305-311 Era Drive [Member]
|
Dec. 31, 2013
365 North Avenue [Member]
|
Dec. 31, 2013
11241 Melrose Street [Member]
|
Dec. 31, 2013
11939 South Central Avenue [Member]
|
Dec. 31, 2013
1010-50 Sesame Street [Member]
|
Dec. 31, 2013
2120-24 Roberts [Member]
|
Dec. 31, 2013
800 Business Drive [Member]
|
Dec. 31, 2013
580 Slawin Court [Member]
|
Dec. 31, 2013
1005 101st Street [Member]
|
Dec. 31, 2013
175 Wall Street [Member]
|
Dec. 31, 2013
800-820 Thorndale Avenue [Member]
|
Dec. 31, 2013
251 Airport Road [Member]
|
Dec. 31, 2013
1661 Feehanville Drive [Member]
|
Dec. 31, 2013
400 Crossroads Pkwy [Member]
|
Dec. 31, 2013
7609 W. Industrial Drive [Member]
|
Dec. 31, 2013
7801 W. Industrial Drive [Member]
|
Dec. 31, 2013
825 E. 26th Street [Member]
|
Dec. 31, 2013
725 Kimberly Drive [Member]
|
Dec. 31, 2013
17001 S. Vincennes [Member]
|
Dec. 31, 2013
1111 Davis Road [Member]
|
Dec. 31, 2013
2900 W. 166th Street [Member]
|
Dec. 31, 2013
Four Thousand One Hundred Rock Creek Blvd [Member]
|
Dec. 31, 2013
555 W. Algonquin Rd [Member]
|
Dec. 31, 2013
Ten Thousand One Hundred Fifty Eight Th Place [Member]
|
Dec. 31, 2013
7000 W. 60th Street [Member]
|
Dec. 31, 2013
9501 Nevada [Member]
|
Dec. 31, 2013
1501 Oakton Street [Member]
|
Dec. 31, 2013
16500 W. 103rd Street [Member]
|
Dec. 31, 2013
8505 50th Street [Member]
|
Dec. 31, 2013
9900-9970 Princeton [Member]
|
Dec. 31, 2013
2940 Highland [Member]
|
Dec. 31, 2013
4700-4750 Creek Road [Member]
|
Dec. 31, 2013
4436 Mulhauser Road [Member]
|
Dec. 31, 2013
4438 Mulhauser Road [Member]
|
Dec. 31, 2013
420 Wards Corner Road [Member]
|
Dec. 31, 2013
422 Wards Corner Road [Member]
|
Dec. 31, 2013
4663 Dues Drive [Member]
|
Dec. 31, 2013
9345 Princeton-Glendale [Member]
|
Dec. 31, 2013
9525 Glades Drive [Member]
|
Dec. 31, 2013
9776-9876 Windisch Road [Member]
|
Dec. 31, 2013
9808-9830 Windisch Road [Member]
|
Dec. 31, 2013
9842-9862 Windisch Road [Member]
|
Dec. 31, 2013
9872-9898 Windisch Road [Member]
|
Dec. 31, 2013
9902-9922 Windisch Road [Member]
|
Dec. 31, 2013
30311 Emerald Valley Parkway [Member]
|
Dec. 31, 2013
30333 Emerald Valley Parkway [Member]
|
Dec. 31, 2013
7800 Cochran Road [Member]
|
Dec. 31, 2013
7900 Cochran Road [Member]
|
Dec. 31, 2013
7905 Cochran Road [Member]
|
Dec. 31, 2013
30600 Carter Street [Member]
|
Dec. 31, 2013
8181 Darrow Road [Member]
|
Dec. 31, 2013
4785 Elati [Member]
|
Dec. 31, 2013
4770 Fox Street [Member]
|
Dec. 31, 2013
3851-3871 Revere [Member]
|
Dec. 31, 2013
4570 Ivy Street [Member]
|
Dec. 31, 2013
5855 Stapleton Drive North [Member]
|
Dec. 31, 2013
5885 Stapleton Drive North [Member]
|
Dec. 31, 2013
5977 North Broadway [Member]
|
Dec. 31, 2013
5952-5978 North Broadway [Member]
|
Dec. 31, 2013
4721 Ironton Street [Member]
|
Dec. 31, 2013
7003 E 47th Ave Drive [Member ]
|
Dec. 31, 2013
9500 West 49th Street - A [Member]
|
Dec. 31, 2013
9500 West 49th Street - B [Member]
|
Dec. 31, 2013
9500 West 49th Street - C [Member]
|
Dec. 31, 2013
9500 West 49th Street - D [Member]
|
Dec. 31, 2013
451-591 East 124th Avenue [Member]
|
Dec. 31, 2013
15000 West 6th Avenue [Member]
|
Dec. 31, 2013
14998 West 6th Avenue Bldg E [Member]
|
Dec. 31, 2013
14998 West 6 th Avenue Bldg F [Member]
|
Dec. 31, 2013
6547 South Racine Circle [Member]
|
Dec. 31, 2013
11701 East 53rd Avenue [Member]
|
Dec. 31, 2013
5401 Oswego [Member]
|
Dec. 31, 2013
One Four Eight One Eight West Six Th Avenue Bldg A [Member]
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Dec. 31, 2013
14828 West 6th Avenue Bldg B [Member]
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Dec. 31, 2013
445 Bryant Street [Member]
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Dec. 31, 2013
3811 Joliet [Member]
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Dec. 31, 2013
12055 E 49th Ave/4955 Peoria [Member]
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Dec. 31, 2013
4940 - 4950 Paris [Member]
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Dec. 31, 2013
4970 Paris [Member]
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Dec. 31, 2013
7367 South Revere Parkway [Member]
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Dec. 31, 2013
8200 East Park Meadows Drive [Member]
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Dec. 31, 2013
3250 Quentin Street [Member]
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Dec. 31, 2013
Highpoint Bus Ctr B [Member]
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Dec. 31, 2013
1130 W. 124th Ave. [Member]
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Dec. 31, 2013
1070 W. 124th Ave. [Member]
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Dec. 31, 2013
1020 W. 124th Ave. [Member]
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Dec. 31, 2013
8810 W. 116th Circle [Member]
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Dec. 31, 2013
960 W. 124th Ave [Member]
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Dec. 31, 2013
8820 W. 116th Circle [Member]
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Dec. 31, 2013
8835 W. 116th Circle [Member]
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Dec. 31, 2013
18150 E. 32nd Place [Member]
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Dec. 31, 2013
3400 Fraser Street [Member]
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Dec. 31, 2013
7005 E. 46th Avenue Drive [Member]
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Dec. 31, 2013
4001 Salazar Way [Member]
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Dec. 31, 2013
5909-5915 N. Broadway [Member]
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Dec. 31, 2013
2406-2416 Walnut Ridge [Member]
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Dec. 31, 2013
2401-2419 Walnut Ridge [Member]
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Dec. 31, 2013
900-906 Great Southwest Pkwy [Member]
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Dec. 31, 2013
3000 West Commerce [Member]
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Dec. 31, 2013
3030 Hansboro [Member]
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Dec. 31, 2013
405-407 113th [Member]
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Dec. 31, 2013
816 111th Street [Member]
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Dec. 31, 2013
7427 Dogwood Park [Member]
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Dec. 31, 2013
7348-54 Tower Street [Member]
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Dec. 31, 2013
7339-41 Tower Street [Member]
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Dec. 31, 2013
7437-45 Tower Street [Member]
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Dec. 31, 2013
7331-59 Airport Freeway [Member]
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Dec. 31, 2013
7338-60 Dogwood Park [Member]
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Dec. 31, 2013
7450-70 Dogwood Park [Member]
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Dec. 31, 2013
7423-49 Airport Freeway [Member]
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Dec. 31, 2013
7400 Whitehall Street [Member]
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Dec. 31, 2013
1602-1654 Terre Colony [Member]
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Dec. 31, 2013
2351-2355 Merritt Drive [Member]
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Dec. 31, 2013
2220 Merritt Drive [Member]
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Dec. 31, 2013
2010 Merritt Drive [Member]
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Dec. 31, 2013
2363 Merritt Drive [Member]
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Dec. 31, 2013
2447 Merritt Drive [Member]
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Dec. 31, 2013
2465-2475 Merritt Drive [Member]
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Dec. 31, 2013
2485-2505 Merritt Drive [Member]
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Dec. 31, 2013
2110 Hutton Drive [Member]
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Dec. 31, 2013
2025 McKenzie Drive [Member]
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Dec. 31, 2013
2019 McKenzie Drive [Member]
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Dec. 31, 2013
2029-2035 McKenzie Drive [Member]
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Dec. 31, 2013
2015 McKenzie Drive [Member]
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Dec. 31, 2013
2009 McKenzie Drive [Member]
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Dec. 31, 2013
900-1100 Avenue S [Member]
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Dec. 31, 2013
Plano Crossing [Member]
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Dec. 31, 2013
7413A-C Dogwood Park [Member]
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Dec. 31, 2013
7450 Tower Street [Member]
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Dec. 31, 2013
7436 Tower Street [Member]
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Dec. 31, 2013
7426 Tower Street [Member]
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Dec. 31, 2013
7427-7429 Tower Street [Member]
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Dec. 31, 2013
2840-2842 Handley Ederville Rd [Member]
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Dec. 31, 2013
Eight Two Five Eight Two Seven Avenue H D [Member]
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Dec. 31, 2013
One Two Zero Zero One Six Avenue H D [Member]
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Dec. 31, 2013
1322-66 W. North Carrier Parkway [Member]
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Dec. 31, 2013
2401-2407 Centennial Dr [Member]
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Dec. 31, 2013
3111 West Commerce Street [Member]
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Dec. 31, 2013
13800 Senlac Drive [Member]
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Dec. 31, 2013
801-831 S Great Southwest Pkwy [Member]
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Dec. 31, 2013
801 Heinz Way [Member]
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Dec. 31, 2013
901-937 Heinz Way [Member]
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Dec. 31, 2013
3301 Century Circle [Member]
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Dec. 31, 2013
3901 W Miller Road [Member]
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Dec. 31, 2013
1731 Thorncroft [Member]
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Dec. 31, 2013
47461 Clipper [Member]
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Dec. 31, 2013
449 Executive Drive [Member]
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Dec. 31, 2013
501 Executive Drive [Member]
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Dec. 31, 2013
451 Robbins Drive [Member]
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Dec. 31, 2013
1416 Meijer Drive [Member]
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Dec. 31, 2013
1624 Meijer Drive [Member]
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Dec. 31, 2013
1972 Meijer Drive [Member]
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Dec. 31, 2013
1621 Northwood Drive [Member]
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Dec. 31, 2013
1707 Northwood Drive [Member]
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Dec. 31, 2013
1788 Northwood Drive [Member]
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Dec. 31, 2013
1826 Northwood Drive [Member]
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Dec. 31, 2013
1864 Northwood Drive [Member]
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Dec. 31, 2013
2451 Elliott Avenue [Member]
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Dec. 31, 2013
2730 Research Drive [Member]
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Dec. 31, 2013
2791 Research Drive [Member]
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Dec. 31, 2013
2871 Research Drive [Member]
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Dec. 31, 2013
3011 Research Drive [Member]
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Dec. 31, 2013
2870 Technology Drive [Member]
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Dec. 31, 2013
2900 Technology Drive [Member]
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Dec. 31, 2013
2930 Technology Drive [Member]
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Dec. 31, 2013
2950 Technology Drive [Member]
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Dec. 31, 2013
23014 Commerce Drive [Member]
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Dec. 31, 2013
23028 Commerce Drive [Member]
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Dec. 31, 2013
23035 Commerce Drive [Member]
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Dec. 31, 2013
23042 Commerce Drive [Member]
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Dec. 31, 2013
23065 Commerce Drive [Member]
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Dec. 31, 2013
23079 Commerce Drive [Member]
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Dec. 31, 2013
23093 Commerce Drive [Member]
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Dec. 31, 2013
23135 Commerce Drive [Member]
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Dec. 31, 2013
23163 Commerce Drive [Member]
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Dec. 31, 2013
23177 Commerce Drive [Member]
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Dec. 31, 2013
23206 Commerce Drive [Member]
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Dec. 31, 2013
23370 Commerce Drive [Member]
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Dec. 31, 2013
1451 East Lincoln Avenue [Member]
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Dec. 31, 2013
4400 Purks Drive [Member]
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Dec. 31, 2013
32450 N Avis Drive [Member]
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Dec. 31, 2013
12707 Eckles Road [Member]
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Dec. 31, 2013
9300-9328 Harrison Rd [Member]
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Dec. 31, 2013
9330-9358 Harrison Rd [Member]
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Dec. 31, 2013
28420-28448 Highland Rd [Member]
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Dec. 31, 2013
28450-28478 Highland Rd [Member]
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Dec. 31, 2013
28421-28449 Highland Rd [Member]
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Dec. 31, 2013
28451-28479 Highland Rd [Member]
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Dec. 31, 2013
28825-28909 Highland Rd [Member]
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Dec. 31, 2013
28933-29017 Highland Rd [Member]
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Dec. 31, 2013
28824-28908 Highland Rd [Member]
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Dec. 31, 2013
28932-29016 Highland Rd [Member]
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Dec. 31, 2013
9710-9734 Harrison Rd [Member]
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Dec. 31, 2013
Nine Seven Four Zero Nine Seven Seven Two Harrison Rd [Member]
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Dec. 31, 2013
9840-9868 Harrison Rd [Member]
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Dec. 31, 2013
9800-9824 Harrison Rd [Member]
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Dec. 31, 2013
29265-29285 Airport Dr [Member]
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Dec. 31, 2013
29185-29225 Airport Dr [Member]
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Dec. 31, 2013
29149-29165 Airport Dr [Member]
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Dec. 31, 2013
29101-29115 Airport Dr [Member]
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Dec. 31, 2013
29031-29045 Airport Dr [Member]
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Dec. 31, 2013
29050-29062 Airport Dr [Member]
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Dec. 31, 2013
29120-29134 Airport Dr [Member]
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Dec. 31, 2013
29200-29214 Airport Dr [Member]
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Dec. 31, 2013
9301-9339 Middlebelt Rd [Member]
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Dec. 31, 2013
32975 Capitol Avenue [Member]
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Dec. 31, 2013
32920 Capitol Avenue [Member]
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Dec. 31, 2013
11923 Brookfield Avenue [Member]
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Dec. 31, 2013
13405 Stark Road [Member]
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Dec. 31, 2013
450 Robbins Drive [Member]
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Dec. 31, 2013
12886 Westmore Avenue [Member]
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Dec. 31, 2013
33025 Industrial Road [Member]
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Dec. 31, 2013
47711 Clipper Street [Member]
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Dec. 31, 2013
32975 Industrial Road [Member]
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Dec. 31, 2013
32985 Industrial Road [Member]
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Dec. 31, 2013
32995 Industrial Road [Member]
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Dec. 31, 2013
12874 Westmore Avenue [Member]
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Dec. 31, 2013
1775 Bellingham [Member]
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Dec. 31, 2013
1785 East Maple [Member]
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Dec. 31, 2013
1807 East Maple [Member]
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Dec. 31, 2013
980 Chicago [Member]
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Dec. 31, 2013
1840 Enterprise Drive [Member]
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Dec. 31, 2013
1885 Enterprise Drive [Member]
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Dec. 31, 2013
1935-55 Enterprise Drive [Member]
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Dec. 31, 2013
5500 Enterprise Court [Member]
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Dec. 31, 2013
750 Chicago Road [Member]
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Dec. 31, 2013
800 Chicago Road [Member]
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Dec. 31, 2013
850 Chicago Road [Member]
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Dec. 31, 2013
1100 East Mandoline Road [Member]
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Dec. 31, 2013
One Zero Eight Zero One One Two Zero One One Eight Zero John Papalas Drive [Member]
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Dec. 31, 2013
4872 S. Lapeer Road [Member]
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Dec. 31, 2013
22701 Trolley Industrial [Member]
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Dec. 31, 2013
1400 Allen Drive [Member]
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Dec. 31, 2013
1408 Allen Drive [Member]
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Dec. 31, 2013
32505 Industrial Drive [Member]
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Dec. 31, 2013
One Seven Nine Nine to One Eight Five Five Northfield Drive [Member]
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Dec. 31, 2013
28435 Automation Blvd [Member]
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Dec. 31, 2013
32200 N Avis Drive [Member]
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Dec. 31, 2013
100 Kay Industrial Drive [Member]
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Dec. 31, 2013
11800 Sears Drive [Member]
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Dec. 31, 2013
1099 Chicago Road [Member]
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Dec. 31, 2013
42555 Merrill Road [Member]
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Dec. 31, 2013
200 Northpointe Drive [Member]
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Dec. 31, 2013
2102-2314 Edwards Street [Member]
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Dec. 31, 2013
3351 Rauch St [Member]
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Dec. 31, 2013
3801-3851 Yale St [Member]
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Dec. 31, 2013
3337-3347 Rauch Street [Member]
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Dec. 31, 2013
8505 N Loop East [Member]
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Dec. 31, 2013
4749-4799 Eastpark Dr [Member]
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Dec. 31, 2013
4851 Homestead Road [Member]
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Dec. 31, 2013
3365-3385 Rauch Street [Member]
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Dec. 31, 2013
5050 Campbell Road [Member]
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Dec. 31, 2013
4300 Pine Timbers [Member]
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Dec. 31, 2013
2500-2530 Fairway Park Drive [Member]
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Dec. 31, 2013
6550 Longpointe [Member]
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Dec. 31, 2013
1815 Turning Basin Dr [Member]
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Dec. 31, 2013
1819 Turning Basin Dr [Member]
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Dec. 31, 2013
1805 Turning Basin Dr [Member]
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Dec. 31, 2013
9835A Genard Road [Member]
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Dec. 31, 2013
9835B Genard Road [Member]
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Dec. 31, 2013
11505 State Highway 225 [Member]
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Dec. 31, 2013
1500 E. Main Street [Member]
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Dec. 31, 2013
700 Industrial Blvd [Member]
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Dec. 31, 2013
7230-7238 Wynnwood [Member]
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Dec. 31, 2013
7240-7248 Wynnwood [Member]
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Dec. 31, 2013
7250-7260 Wynnwood [Member]
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Dec. 31, 2013
6400 Long Point [Member]
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Dec. 31, 2013
12705 S. Kirkwood, Ste 100-150 [Member]
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Dec. 31, 2013
12705 S. Kirkwood, Ste 200-220 [Member]
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Dec. 31, 2013
8850 Jameel [Member]
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Dec. 31, 2013
8800 Jameel [Member]
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Dec. 31, 2013
8700 Jameel [Member]
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Dec. 31, 2013
8600 Jameel [Member]
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Dec. 31, 2013
7967 Blankenship [Member]
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Dec. 31, 2013
8800 City Park Look East [Member]
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Dec. 31, 2013
2900 N Shadeland Avenue [Member]
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Dec. 31, 2013
1445 Brookville Way [Member]
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Dec. 31, 2013
1440 Brookville Way [Member]
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Dec. 31, 2013
1240 Brookville Way [Member]
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Dec. 31, 2013
1345 Brookville Way [Member]
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Dec. 31, 2013
1350 Brookville Way [Member]
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Dec. 31, 2013
1341 Sadlier Circle South [Member]
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Dec. 31, 2013
1322-1438 Sadlier Circle East [Member]
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Dec. 31, 2013
1327-1441 Sadlier Circle West [Member]
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Dec. 31, 2013
1304 Sadlier Circle West [Member]
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Dec. 31, 2013
1402-1430 Sadlier Circle West [Member]
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Dec. 31, 2013
1504 Sadlier Circle South [Member]
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Dec. 31, 2013
1365-1367 Sadlier Way Circle East [Member]
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Dec. 31, 2013
1352-1354 Sadlier Circle West [Member]
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Dec. 31, 2013
1335 Sadlier Circle East [Member]
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Dec. 31, 2013
1425 Sadlier Circle West [Member]
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Dec. 31, 2013
6951 East 30th St [Member]
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Dec. 31, 2013
6701 East 30th St [Member]
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Dec. 31, 2013
6737 East 30th St [Member]
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Dec. 31, 2013
6555 East 30th St [Member]
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Dec. 31, 2013
8402-8440 E 33rd St [Member]
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Dec. 31, 2013
8520-8630 E 33rd St [Member]
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Dec. 31, 2013
8710-8768 E 33rd St [Member]
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Dec. 31, 2013
3316-3346 N. Pagosa Court [Member]
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Dec. 31, 2013
7901 West 21st St. [Member]
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Dec. 31, 2013
1225 Brookville Way [Member]
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Dec. 31, 2013
6751 E 30th St [Member]
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Dec. 31, 2013
6575 East 30th Street [Member]
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Dec. 31, 2013
6585 East 30th Street [Member]
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Dec. 31, 2013
5705-97 Park Plaza Ct. [Member]
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Dec. 31, 2013
9319-9341 Castlegate Drive [Member]
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Dec. 31, 2013
1133 Northwest L Street [Member]
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Dec. 31, 2013
14425 Bergen Blvd [Member]
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Dec. 31, 2013
4700 NW 15th Ave [Member]
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Dec. 31, 2013
4710 NW 15th Ave [Member]
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Dec. 31, 2013
4720 NW 15th Ave [Member]
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Dec. 31, 2013
4740 NW 15th Ave [Member]
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Dec. 31, 2013
4750 NW 15th Ave [Member]
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Dec. 31, 2013
4800 NW 15th Ave [Member]
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Dec. 31, 2013
Medley Industrial Center [Member]
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Dec. 31, 2013
12601 &12605 NW 115th Avenue [Member]
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Dec. 31, 2013
N25 W23255 Paul Road [Member]
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Dec. 31, 2013
5355 South Westridge Drive [Member]
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Dec. 31, 2013
320-334 W. Vogel Avenue [Member]
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Dec. 31, 2013
4950 South 6th Avenue [Member]
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Dec. 31, 2013
17005 W. Ryerson Road [Member]
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Dec. 31, 2013
W140 N9059 Lilly Road [Member]
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Dec. 31, 2013
200 W. Vogel Avenue-Bldg B [Member]
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Dec. 31, 2013
4921 S. 2nd Street [Member]
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Dec. 31, 2013
1500 Peebles Drive [Member]
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Dec. 31, 2013
16600 West Glendale Ave [Member]
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Dec. 31, 2013
2905 S. 160th Street [Member]
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Dec. 31, 2013
2855 S.160th Street [Member]
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Dec. 31, 2013
2485 Commerce Drive [Member]
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Dec. 31, 2013
14518 Whittaker Way [Member]
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Dec. 31, 2013
N58W15380 Shawn Circle [Member]
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Dec. 31, 2013
6201 West 111th Street [Member]
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Dec. 31, 2013
7251-7267 Washington Avenue [Member]
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Dec. 31, 2013
7301-7325 Washington Avenue [Member]
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Dec. 31, 2013
7101 Winnetka Avenue North [Member]
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Dec. 31, 2013
9901 West 74th Street [Member]
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Dec. 31, 2013
1030 Lone Oak Road [Member]
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Dec. 31, 2013
1060 Lone Oak Road [Member]
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Dec. 31, 2013
5400 Nathan Lane [Member]
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Dec. 31, 2013
6655 Wedgewood Road [Member]
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Dec. 31, 2013
10120 W 76th Street [Member]
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Dec. 31, 2013
12155 Nicollet Ave. [Member]
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Dec. 31, 2013
4100 Peavey Road [Member]
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Dec. 31, 2013
5205 Highway 169 [Member]
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Dec. 31, 2013
7100-7198 Shady Oak Road [Member]
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Dec. 31, 2013
7500-7546 Washington Avenue [Member]
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Dec. 31, 2013
7550-7586 Washington Avenue [Member]
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Dec. 31, 2013
5240-5300 Valley Industrial Blvd S [Member]
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Dec. 31, 2013
500-530 Kasota Avenue SE [Member]
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Dec. 31, 2013
2530-2570 Kasota Avenue [Member]
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Dec. 31, 2013
5775 12th Avenue [Member]
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Dec. 31, 2013
1157 Valley Park Drive [Member]
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Dec. 31, 2013
9600 West 76th Street [Member]
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Dec. 31, 2013
9700 West 76th Street [Member]
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Dec. 31, 2013
7600 69th Avenue [Member]
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Dec. 31, 2013
5017 Boone Avenue North [Member]
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Dec. 31, 2013
2300 West Highway 13 [Member]
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Dec. 31, 2013
1087 Park Place [Member]
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Dec. 31, 2013
5391 12th Avenue SE [Member]
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Dec. 31, 2013
4701 Valley Industrial Blvd S [Member]
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Dec. 31, 2013
6455 City West Parkway [Member]
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Dec. 31, 2013
7035 Winnetka Avene North [Member]
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Dec. 31, 2013
139 Eva Street [Member]
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Dec. 31, 2013
21900 Dodd Boulevard [Member]
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Dec. 31, 2013
1621 Heil Quaker Boulevard [Member]
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Dec. 31, 2013
3099 Barry Drive [Member]
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Dec. 31, 2013
1931 Air Lane Drive [Member]
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Dec. 31, 2013
4640 Cummings Park [Member]
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Dec. 31, 2013
1740 River Hills Drive [Member]
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Dec. 31, 2013
211 Ellery Court [Member]
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Dec. 31, 2013
130 Maddox Road [Member]
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Dec. 31, 2013
14 World's Fair Drive [Member]
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Dec. 31, 2013
12 World's Fair Drive [Member]
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Dec. 31, 2013
22 World's Fair Drive [Member]
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Dec. 31, 2013
26 World's Fair Drive [Member]
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Dec. 31, 2013
24 World's Fair Drive [Member]
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Dec. 31, 2013
20 World's Fair Drive Lot 13 [Member]
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Dec. 31, 2013
45 Route 46 [Member]
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Dec. 31, 2013
43 Route 46 [Member]
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Dec. 31, 2013
39 Route 46 [Member]
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Dec. 31, 2013
26 Chapin Road [Member]
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Dec. 31, 2013
30 Chapin Road [Member]
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Dec. 31, 2013
20 Hook Mountain Road [Member]
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Dec. 31, 2013
30 Hook Mountain Road [Member]
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Dec. 31, 2013
16 Chapin Rod [Member]
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Dec. 31, 2013
20 Chapin Road [Member]
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Dec. 31, 2013
2500 Main Street [Member]
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Dec. 31, 2013
2400 Main Street [Member]
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Dec. 31, 2013
309-319 Pierce Street [Member]
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Dec. 31, 2013
230-240 Welsh Pool Road [Member]
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Dec. 31, 2013
264 Welsh Pool Road [Member]
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Dec. 31, 2013
254 Welsh Pool Road [Member]
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Dec. 31, 2013
243-251 Welsh Pool Road [Member]
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Dec. 31, 2013
151-161 Philips Road [Member]
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Dec. 31, 2013
216 Philips Road [Member]
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Dec. 31, 2013
14 McFadden Road [Member]
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Dec. 31, 2013
2801 Red Lion Road [Member]
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Dec. 31, 2013
3240 S. 78th Street [Member]
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Dec. 31, 2013
200 Cascade Drive, Bldg. 1 [Member]
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Dec. 31, 2013
200 Cascade Drive, Bldg. 2 [Member]
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Dec. 31, 2013
6300 Bristol Pike [Member]
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Dec. 31, 2013
2455 Boulevard of Generals [Member]
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Dec. 31, 2013
1045 South Edward Drive [Member]
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Dec. 31, 2013
50 South 56th Street [Member]
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Dec. 31, 2013
4701 W. Jefferson [Member]
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Dec. 31, 2013
7102 W. Roosevelt [Member]
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Dec. 31, 2013
4137 West Adams Street [Member]
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Dec. 31, 2013
245 W. Lodge [Member]
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Dec. 31, 2013
1590 E Riverview Dr. [Member]
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Dec. 31, 2013
14131 N. Rio Vista Blvd [Member]
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Dec. 31, 2013
8716 W. Ludlow Drive [Member]
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Dec. 31, 2013
3815 W. Washington St. [Member]
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Dec. 31, 2013
9180 W. Buckeye Road [Member]
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Dec. 31, 2013
1270 West 2320 South [Member]
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Dec. 31, 2013
1275 West 2240 South [Member]
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Dec. 31, 2013
1288 West 2240 South [Member]
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Dec. 31, 2013
2235 South 1300 West [Member]
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Dec. 31, 2013
1293 West 2200 South [Member]
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Dec. 31, 2013
1279 West 2200 South [Member]
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Dec. 31, 2013
1272 West 2240 South [Member]
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Dec. 31, 2013
1149 West 2240 South [Member]
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Dec. 31, 2013
1142 West 2320 South [Member]
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Dec. 31, 2013
1152 West 2240 South [Member]
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Dec. 31, 2013
2323 South 900 W [Member]
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Dec. 31, 2013
1815-1957 South 4650 West [Member]
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Dec. 31, 2013
2100 Alexander Street [Member]
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Dec. 31, 2013
2064 Alexander Street [Member]
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Dec. 31, 2013
1901 Raymond Ave SW [Member]
|
Dec. 31, 2013
19014 64th Avenue South [Member]
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Dec. 31, 2013
18640 68th Avenue South [Member]
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Dec. 31, 2013
3480 Marginal Way [Member]
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Dec. 31, 2013
1944 Vista Bella Way [Member]
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Dec. 31, 2013
2000 Vista Bella Way [Member]
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Dec. 31, 2013
2835 East Ana Street [Member]
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Dec. 31, 2013
16275 Technology Drive [Member]
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Dec. 31, 2013
8921- 8971 Fost Avenue [Member]
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Dec. 31, 2013
9043-9083 Frost Avenue [Member]
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Dec. 31, 2013
10431 Midwest Industrial Blvd [Member]
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Dec. 31, 2013
10751 Midwest Industrial Boulevard [Member]
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Dec. 31, 2013
6951 N Hanley [Member]
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Dec. 31, 2013
1067-1083 Warson-Bldg A [Member]
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Dec. 31, 2013
1093-1107 Warson-Bldg B [Member]
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Dec. 31, 2013
1113-1129 Warson-Bldg C [Member]
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Dec. 31, 2013
1131-1151 Warson-Bldg D [Member]
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Dec. 31, 2013
6821-6857 Hazelwood Avenue [Member]
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Dec. 31, 2013
13701 Rider Trail North [Member]
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Dec. 31, 2013
1908-2000 Innerbelt [Member]
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Dec. 31, 2013
9060 Latty Avenue [Member]
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Dec. 31, 2013
21-25 Gateway Commerce Center [Member]
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Dec. 31, 2013
6647 Romiss Court [Member]
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Dec. 31, 2013
5313 Johns Road [Member]
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Dec. 31, 2013
5525 Johns Road [Member]
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Dec. 31, 2013
5709 Johns Road [Member]
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Dec. 31, 2013
5711 Johns Road [Member]
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Dec. 31, 2013
5453 W Waters Avenue [Member]
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Dec. 31, 2013
5455 W Waters Avenue [Member]
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Dec. 31, 2013
5553 W Waters Avenue [Member]
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Dec. 31, 2013
5501 W Waters Avenue [Member]
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Dec. 31, 2013
5503 W Waters Avenue [Member]
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Dec. 31, 2013
5555 W Waters Avenue [Member]
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Dec. 31, 2013
5557 W Waters Avenue [Member]
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Dec. 31, 2013
5463 W Waters Avenue [Member]
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Dec. 31, 2013
5461 W Waters Avenue [Member]
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Dec. 31, 2013
5481 W Waters Avenue [Member]
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Dec. 31, 2013
4515-4519 George Road [Member]
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Dec. 31, 2013
6089 Johns Road [Member]
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Dec. 31, 2013
6091 Johns Road [Member]
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Dec. 31, 2013
6103 Johns Road [Member]
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Dec. 31, 2013
6201 Johns Road [Member]
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Dec. 31, 2013
6203 Johns Road [Member]
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Dec. 31, 2013
6205 Johns Road [Member]
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Dec. 31, 2013
6101 Johns Road [Member]
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Dec. 31, 2013
4908 Tampa West Blvd [Member]
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Dec. 31, 2013
7201-7281 Bryan Dairy Road [Member]
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Dec. 31, 2013
11701 Belcher Road South [Member]
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Dec. 31, 2013
4900- 4914 Creekside Drive [Member]
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Dec. 31, 2013
12345 Starkey Road [Member]
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Dec. 31, 2013
5050 Kendrick Court [Member]
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Dec. 31, 2013
2250 Delaware Ave [Member]
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Dec. 31, 2013
9601A Dessau Road [Member]
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Dec. 31, 2013
9601C Dessau Road [Member]
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Dec. 31, 2013
9601B Dessau Road [Member]
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Dec. 31, 2013
6266 Hurt Road [Member]
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Dec. 31, 2013
665 N. Baldwin Park Blvd [Member]
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Dec. 31, 2013
27801 Avenue Scott [Member]
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Dec. 31, 2013
2610 & 2660 Columbia [Member]
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Dec. 31, 2013
433 Alaska Avenue [Member]
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Dec. 31, 2013
4020 S. Compton Ave [Member]
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Dec. 31, 2013
6305 El Camino Real [Member]
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Dec. 31, 2013
2325 Camino Vida Roble [Member]
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Dec. 31, 2013
2335 Camino Vida Roble [Member]
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Dec. 31, 2013
2345 Camino Vida Roble [Member]
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Dec. 31, 2013
2355 Camino Vida Roble [Member]
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Dec. 31, 2013
2365 Camino Vida Roble [Member]
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Dec. 31, 2013
2375 Camino Vida Roble [Member]
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Dec. 31, 2013
6451 El Camino Real [Member]
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Dec. 31, 2013
8572 Spectrum Lane [Member]
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Dec. 31, 2013
13100 Gregg Street [Member]
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Dec. 31, 2013
21730-21748 Marilla St. [Member]
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Dec. 31, 2013
8015 Paramount [Member]
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Dec. 31, 2013
3365 E. Slauson [Member]
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Dec. 31, 2013
3015 East Ana [Member]
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Dec. 31, 2013
19067 Reyes Avenue [Member]
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Dec. 31, 2013
24870 Nandina Avenue [Member]
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Dec. 31, 2013
1250 Rancho Conejo Blvd [Member]
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Dec. 31, 2013
1260 Rancho Conejo Blvd [Member]
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Dec. 31, 2013
1270 Rancho Conejo Blvd [Member]
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Dec. 31, 2013
1280 Rancho Conejo Blvd [Member]
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Dec. 31, 2013
1290 Rancho Conejo Blvd [Member]
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Dec. 31, 2013
100 West Sinclair Street [Member]
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Dec. 31, 2013
14050 Day Street [Member]
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Dec. 31, 2013
12925 Marlay Avenue [Member]
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Dec. 31, 2013
18201-18291 Santa Fe [Member]
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Dec. 31, 2013
1011 Rancho Conejo [Member]
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Dec. 31, 2013
2300 Corporate Center Drive [Member]
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Dec. 31, 2013
20700 Denker Avenue [Member]
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Dec. 31, 2013
18408 Laurel Park Road [Member]
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Dec. 31, 2013
19021 S. Reyes Ave [Member]
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Dec. 31, 2013
Six One Eight Five Kimball Ave [Member]
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Dec. 31, 2013
Five Five Five Five Bandini Blvd [Member]
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Dec. 31, 2013
2060 Springdale Road [Member]
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Dec. 31, 2013
111 Whittendale Drive [Member]
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Dec. 31, 2013
7851 Airport Highway [Member]
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Dec. 31, 2013
103 Central Avenue [Member]
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Dec. 31, 2013
7890 Airport Hwy/7015 Central [Member]
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Dec. 31, 2013
600 Creek Road [Member]
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Dec. 31, 2013
6301 Hazeltine National Drive [Member]
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Dec. 31, 2013
12626 Silicon Drive [Member]
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Dec. 31, 2013
3100 Pinson Valley Parkway [Member]
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Dec. 31, 2013
3730 Wheeler Avenue [Member]
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Dec. 31, 2013
3200 Pond Station [Member]
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Dec. 31, 2013
7501 NW 106th Terrace [Member]
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Dec. 31, 2013
600 Greene Drive [Member]
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Dec. 31, 2013
Developments / Land Parcels [Member]
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Dec. 31, 2013
Seven Four Five One Seven Four Seven Seven Airport Freeway [Member]
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Dec. 31, 2013
Seven Four Five Zero Whitehall Street [Member]
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Dec. 31, 2013
Three Zero Zero Zero Wesley Way [Member]
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Dec. 31, 2013
Seven Four Five One Dogwood Park [Member]
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Dec. 31, 2013
One Zero One Three Three One Avenue M [Member]
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Dec. 31, 2013
One One Seven Two Eight Four One One Three Th Street D [Member]
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Dec. 31, 2013
Five Eight One Welltown Road Tyson Blvd [Member]
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Real Estate and Accumulated Depreciation [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Location (City/State) | Duluth, GA | Duluth, GA | McDonough, GA | Conyers, GA | Conyers, GA | Covington, GA | Atlanta, GA | Atlanta, GA | Atlanta, GA | Atlanta, GA | Kennesaw, GA | Conyers, GA | Conyers, GA | Norcross, GA | Norcross, GA | Norcross, GA | Norcross, GA | Norcross, GA | Norcross, GA | Norcross, GA | Ellenwood, GA | McDonough, GA | Cartersville GA | Atlanta, GA | Atlanta, GA | Norcross, GA | Norcross, GA | Stone Mountain, GA | Stone Mountain, GA | Athens, GA | Buford, GA | Buford, GA | McDonough, GA | Pendergrass, GA | Alpharetta, GA | Lanham, MD | Lanham, MD | Lanham, MD | Lanham, MD | Dulles, VA | Dulles, VA | Lanham, MD | Lanham, MD | Lanham, MD | Lanham, MD | Hunt Valley, MD | Hunt Valley, MD | Hunt Valley, MD | Hunt Valley, MD | Hunt Valley, MD | Hunt Valley, MD | Sparks, MD | Baltimore, MD | Hunt Valley, MD | Baltimore, MD | Woodlawn, MD | Baltimore, MD | Baltimore, MD | Baltimore, MD | Cranberry Township, PA | Middletown, PA | Middletown, PA | Middletown, PA | Middletown, PA | Mechanicsburg, PA | Hagerstown, MD | Hagerstown, MD | Jessup, PA | Shiremanstown, PA | Shiremanstown, PA | Harrisburg, PA | Washington, PA | Harrisburg, PA | Harrisburg, PA | Carlisle, PA | Gouldsboro, PA | York, PA | Manchester, PA | York County, PA | Northbrook, IL | Lemont, IL | Bedford Park, IL | Mount Prospect, IL | Addison, IL | Northbrook, IL | Carol Stream, IL | Franklin Park, IL | Alsip, IL | Bensenville, IL | Broadview, IL | Mount Prospect, IL | Mount Prospect, IL | Lemont, IL | Glendale Heights, IL | Bensenville, IL | North Aurora, IL | Mount Prospect, IL | Bolingbrook, IL | Forest Park, IL | Forest Park, IL | LaGrange, IL | Carol Stream, IL | Thornton, IL | Elgin, IL | Markham, IL | Joliet, IL | Arlington Heights, IL | Kenosha, WI | Chicago, IL | Franklin Park, IL | Elk Grove Village, IL | Woodridge, IL | Kenosha, WI | Cincinnati, OH | Cincinnati, OH | Blue Ash, OH | Hamilton, OH | Hamilton, OH | Loveland, OH | Loveland, OH | Westchester, OH | Westchester, OH | Westchester, OH | Westchester, OH | Westchester, OH | Westchester, OH | Westchester, OH | Westchester, OH | Glenwillow, OH | Glenwillow, OH | Glenwillow, OH | Glenwillow, OH | Glenwillow, OH | Solon, OH | Twinsburg, OH | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Wheatridge, CO | Wheatridge, CO | Wheatridge, CO | Wheatridge, CO | Littleton, CO | Golden, CO | Golden, CO | Englewood, CO | Englewood, CO | Denver, CO | Denver, CO | Golden, CO | Golden, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Denver, CO | Englewood, CO | Lone Tree, CO | Aurora, CO | Littleton, CO | Westminster, CO | Westminster, CO | Westminster, CO | Broomfield, CO | Westminster, CO | Broomfield, CO | Broomfield, CO | Aurora, CO | Aurora, CO | Denver, CO | Frederick, CO | Denver, CO | Dallas, TX | Dallas, TX | Arlington, TX | Dallas, TX | Dallas, TX | Arlington, TX | Arlington, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Dallas, TX | Garland, TX | Garland, TX | Garland, TX | Garland, TX | Garland, TX | Garland, TX | Garland, TX | Carrolton, TX | Carrolton, TX | Carrolton, TX | Carrolton, TX | Carrolton, TX | Carrolton, TX | Grand Prairie, TX | Plano, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Arlington, TX | Arlington, TX | Grand Prairie, TX | Arlington, TX | Dallas, TX | Farmers Ranch, TX | Grand Prairie, TX | Grand Prairie, TX | Grand Prairie, TX | Irving, TX | Garland, TX | Troy, MI | Plymouth Township, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Farmington Hills, MI | Madison Heights, MI | Auburn Hills, MI | Madison Heights, MI | Plymouth Township, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Romulus, MI | Livonia, MI | Livonia, MI | Livonia, MI | Livonia, MI | Troy, MI | Livonia, MI | Livonia, MI | Plymouth Township, MI | Livonia, MI | Livonia, MI | Livonia, MI | Livonia, MI | Troy, MI | Troy, MI | Troy, MI | Troy, MI | Rochester Hills, MI | Rochester Hills, MI | Rochester Hills, MI | Warren, MI | Troy, MI | Troy, MI | Troy, MI | Madison Heights, MI | Lincoln Park, MI | Lake Orion Twsp, MI | Taylor, MI | Troy, MI | Troy, MI | Madison Heights, MI | Rochester Hills, MI | Wixom, MI | Madison Heights, MI | Rion Township, MI | Livonia, MI | Troy, MI | Sterling Heights, MI | Orion Township, MI | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | LaPorte City, TX | Houston, TX | Sugar Land, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Stafford, TX | Stafford, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Houston, TX | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Indianapolis, IN | Richmond, IN | Noblesville, IN | Ft. Lauderdale, FL | Ft. Lauderdale, FL | Ft. Lauderdale, FL | Ft. Lauderdale, FL | Ft. Lauderdale, FL | Ft. Lauderdale, FL | Medley, FL | Medley, FL | Pewaukee, WI | New Berlin, WI | Milwaukee, WI | Milwaukee, WI | New Berlin, WI | Menomonee Falls, WI | Milwaukee, WI | Milwaukee, WI | Richland Center, WI | New Berlin, WI | New Berlin, WI | New Berlin, WI | New Berlin, WI | Menomonee Falls, WI | Menomonee Falls, WI | Bloomington, MN | Edina, MN | Edina, MN | Brooklyn Park, MN | Eden Prairie, MN | Eagan, MN | Eagan, MN | Plymouth, MN | Maple Grove, MN | Eden Prairie, MN | Burnsville, MN | Chaska, MN | Plymouth, MN | Eden Prairie, MN | Eden Prairie, MN | Eden Prairie, MN | Shakopee, MN | Minneapolis, MN | St. Paul, MN | Shakopee, MN | Shakopee, MN | Eden Prairie, MN | Eden Prairie, MN | Greenfield, MN | New Hope, MN | Burnsville, MN | Shakopee, MN | Shakopee, MN | Shakopee, MN | Eden Prairie, MN | Brooklyn Park, MN | St. Paul, MN | Lakeville, MN | Nashville, TN | Portland, TN | Nashville, TN | Nashville, TN | Nashville, TN | Nashville, TN | Gallatin, TN | Franklin, NJ | Franklin, NJ | Franklin, NJ | Franklin, NJ | Franklin, NJ | Sumerset, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Pine Brook, NJ | Sayreville, NJ | Sayreville, NJ | Somerset, NJ | Exton, PA | Exton, PA | Exton, PA | Exton, PA | Exton, PA | Exton, PA | Palmer, PA | Philadelphia, PA | Philadelphia, PA | Allen Town, PA | Allen Town, PA | Levittown, PA | Norristown, PA | Tempe, AZ | Chandler, AZ | Phoenix, AZ | Phoenix, AZ | Phoenix, AZ | Tempe, AZ | Phoenix, AZ | Peoria, AZ | Peoria, AZ | Phoenix, AZ | Tolleson, AZ | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | West Valley, UT | Salt Lake City, UT | Salt Lake City, UT | West Valley, UT | West Valley, UT | Renton, WA | Kent, WA | Kent, WA | Seattle, WA | Rancho Domingue, CA | Rancho Domingue, CA | Rancho Domingue, CA | San Diego, CA | Hazelwood, MO | Hazelwood, MO | Olivette, MO | Olivette, MO | Hazelwood, MO | St. Louis, MO | St. Louis, MO | St. Louis, MO | St. Louis, MO | Berkeley, MO | Earth City, MO | Overland, MO | Berkeley, MO | Edwardsville, IL | St. Louis, MO | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Tampa, FL | Largo, FL | Largo, FL | Clearwater, FL | Largo, FL | Grand Rapids, MI | Des Moines, IA | Austin, TX | Austin, TX | Austin, TX | Horn Lake, MS | City of Industry, CA | Santa Clarita, CA | Torrance, CA | Torrance, CA | Los Angeles, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | Carlsbad, CA | San Diego, CA | Poway, CA | Chatsworth, CA | Pico Rivera, CA | Vernon, CA | Rancho Domingue, CA | Rancho Domingue, CA | Moreno Valley, CA | Thousand Oaks, CA | Thousand Oaks, CA | Thousand Oaks, CA | Thousand Oaks, CA | Thousand Oaks, CA | Riverside, CA | Moreno Valley, CA | Fontana, CA | Rancho Domingue, CA | Thousand Oaks, CA | Thousand Oaks, CA | Rancho Domingue, CA | Rancho Domingue, CA | Rancho Domingue, CA | Cherry Hill, NJ | Morrestown, NJ | Pennsauken, NJ | Mt. Laurel, NJ | Pennsauken, NJ | Delanco, NJ | Orlando, FL | San Antonio, TX | Birmingham, AL | Fort Smith, AR | Jefferson County, KY | Kansas City, MO | Greenville, KY | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Richland Hills, TX | Grand Prairie, TX | Grand Prairie, TX | Winchester, VA | |||||||
Encumbrances | $ 677,890 | $ 2,281 | $ 3,008 | $ 2,163 | $ 1,290 | $ 1,167 | $ 1,161 | $ 1,640 | $ 1,362 | $ 4,523 | $ 1,757 | $ 1,534 | $ 5,008 | $ 0 | $ 2,571 | $ 0 | $ 1,317 | $ 2,266 | $ 0 | $ 3,148 | $ 7,301 | $ 2,436 | $ 1,402 | $ 1,191 | $ 1,937 | $ 1,700 | $ 11,893 | $ 6,461 | $ 3,046 | $ 8,503 | $ 1,931 | $ 1,393 | $ 17,796 | $ 4,298 | $ 3,652 | $ 6,046 | $ 818 | $ 6,141 | $ 1,478 | $ 5,171 | $ 2,777 | $ 7,283 | $ 2,448 | $ 3,743 | $ 3,715 | $ 4,575 | $ 1,555 | $ 9,320 | $ 4,693 | $ 0 | $ 4,808 | $ 7,100 | $ 1,309 | $ 1,120 | $ 1,398 | $ 1,741 | $ 1,438 | $ 2,301 | $ 2,930 | $ 0 | $ 6,904 | $ 0 | $ 3,273 | $ 0 | $ 1,913 | $ 2,111 | $ 1,448 | $ 0 | $ 913 | $ 882 | $ 1,669 | $ 1,487 | $ 1,831 | $ 1,439 | $ 1,734 | $ 1,512 | $ 2,527 | $ 2,448 | $ 2,577 | $ 9,504 | $ 0 | $ 0 | $ 0 | $ 2,568 | $ 1,733 | $ 4,633 | $ 2,107 | $ 3,731 | $ 3,399 | $ 0 | $ 2,697 | $ 2,065 | $ 2,173 | $ 0 | $ 2,000 | $ 1,679 | $ 2,481 | $ 3,264 | $ 1,613 | $ 1,928 | $ 2,804 | $ 3,371 | $ 1,617 | $ 1,859 | $ 2,203 | $ 4,639 | $ 3,162 | $ 23,585 | $ 3,521 | $ 1,738 | $ 5,128 | $ 2,391 | $ 1,880 | $ 2,875 | $ 2,517 | $ 0 | $ 2,705 | $ 5,334 | $ 2,731 | $ 1,491 | $ 2,971 | $ 0 | $ 1,689 | $ 0 | $ 2,360 | $ 0 | $ 1,514 | $ 0 | $ 3,627 | $ 5,765 | $ 3,306 | $ 2,560 | $ 3,290 | $ 2,850 | $ 6,316 | $ 4,828 | $ 2,270 | $ 4,108 | $ 2,317 | $ 3,243 | $ 0 | $ 4,196 | $ 4,510 | $ 5,660 | $ 9,203 | $ 1,955 | $ 2,398 | $ 2,113 | $ 2,898 | $ 2,832 | $ 16,406 | $ 4,654 | $ 4,494 | $ 3,538 | $ 4,437 | $ 3,534 | $ 0 | $ 3,478 | $ 1,440 | $ 17,193 | $ 2,407 | $ 3,548 | $ 2,526 | $ 4,809 | $ 3,725 | $ 6,872 | $ 7,372 | $ 1,287 | $ 2,076 | $ 1,362 | $ 3,164 | $ 544 | $ 3,824 | $ 1,390 | $ 3,049 | $ 1,284 | $ 1,685 | $ 2,877 | $ 2,404 | $ 2,188 | $ 0 | $ 7,343 | $ 0 | $ 2,532 | $ 932 | $ 649 | $ 978 | $ 932 | $ 1,331 | $ 1,260 | $ 739 | $ 1,225 | $ 1,355 | $ 1,209 | $ 4,470 | $ 7,499 | $ 4,796 | $ 2,049 | $ 1,115 | $ 720 | $ 596 | $ 1,204 | $ 1,412 | $ 2,237 | $ 2,988 | $ 2,971 | $ 2,559 | $ 3,376 | $ 9,265 | $ 10,015 | $ 5,629 | $ 5,399 | $ 1,933 | $ 1,182 | $ 3,809 | $ 2,580 | $ 11,200 | $ 0 | $ 1,387 | $ 0 | $ 907 | $ 671 | $ 0 | $ 1,992 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Initial Cost of Land | 730,667 | 264 | 506 | 788 | 635 | 288 | 125 | 726 | 750 | 1,012 | 527 | 780 | 566 | 452 | 336 | 307 | 281 | 420 | 332 | 370 | 740 | 1,600 | 1,550 | 794 | 485 | 735 | 510 | 711 | 604 | 397 | 1,410 | 712 | 881 | 756 | 2,580 | 2,403 | 700 | 500 | 1,100 | 1,200 | 3,200 | 2,200 | 356 | 279 | 351 | 539 | 1,017 | 918 | 901 | 701 | 913 | 1,111 | 1,648 | 829 | 924 | 979 | 1,283 | 1,032 | 875 | 2,640 | 31 | 262 | 196 | 141 | 113 | 510 | 1,390 | 1,000 | 542 | 1,181 | 1,293 | 585 | 201 | 382 | 436 | 1,500 | 7,022 | 4,718 | 4,085 | 6,884 | 521 | 967 | 224 | 611 | 688 | 200 | 1,042 | 332 | 1,208 | 979 | 220 | 631 | 233 | 1,200 | 427 | 751 | 983 | 985 | 1,178 | 1,207 | 1,215 | 1,547 | 793 | 497 | 998 | 1,132 | 4,476 | 574 | 4,201 | 609 | 2,721 | 3,369 | 744 | 3,212 | 545 | 1,717 | 1,080 | 630 | 779 | 600 | 600 | 858 | 818 | 347 | 392 | 395 | 506 | 546 | 623 | 681 | 466 | 972 | 775 | 920 | 989 | 2,478 | 173 | 132 | 361 | 219 | 288 | 376 | 268 | 414 | 232 | 441 | 283 | 225 | 600 | 246 | 383 | 913 | 565 | 269 | 739 | 416 | 273 | 468 | 503 | 1,829 | 735 | 298 | 152 | 95 | 926 | 1,297 | 1,220 | 739 | 441 | 374 | 374 | 312 | 441 | 338 | 1,151 | 563 | 616 | 512 | 1,271 | 495 | 178 | 148 | 237 | 456 | 266 | 181 | 251 | 96 | 88 | 98 | 102 | 354 | 106 | 106 | 293 | 109 | 458 | 101 | 352 | 350 | 73 | 70 | 91 | 431 | 374 | 437 | 502 | 306 | 510 | 476 | 623 | 1,961 | 110 | 36 | 57 | 76 | 75 | 112 | 600 | 600 | 1,000 | 600 | 1,000 | 823 | 2,581 | 599 | 493 | 760 | 1,912 | 331 | 122 | 125 | 71 | 96 | 94 | 236 | 315 | 85 | 95 | 50 | 55 | 57 | 78 | 903 | 557 | 324 | 457 | 275 | 214 | 131 | 178 | 39 | 98 | 71 | 67 | 71 | 68 | 211 | 146 | 111 | 175 | 125 | 59 | 299 | 602 | 281 | 255 | 147 | 81 | 143 | 81 | 109 | 107 | 70 | 112 | 134 | 123 | 125 | 132 | 144 | 117 | 140 | 140 | 216 | 130 | 124 | 127 | 161 | 170 | 124 | 135 | 76 | 120 | 46 | 166 | 190 | 80 | 539 | 160 | 137 | 160 | 137 | 344 | 92 | 321 | 206 | 573 | 209 | 1,285 | 675 | 323 | 283 | 183 | 888 | 366 | 1,342 | 795 | 209 | 151 | 345 | 481 | 621 | 503 | 677 | 693 | 1,277 | 1,080 | 723 | 348 | 272 | 413 | 227 | 439 | 594 | 491 | 284 | 461 | 489 | 766 | 362 | 487 | 231 | 564 | 1,505 | 245 | 940 | 201 | 608 | 254 | 271 | 200 | 188 | 154 | 404 | 171 | 163 | 170 | 163 | 307 | 3,717 | 2,057 | 459 | 665 | 247 | 586 | 205 | 131 | 145 | 218 | 71 | 165 | 219 | 121 | 178 | 81 | 21 | 256 | 78 | 385 | 484 | 222 | 326 | 175 | 325 | 1,048 | 60 | 728 | 118 | 196 | 600 | 530 | 201 | 647 | 908 | 830 | 937 | 1,107 | 947 | 1,092 | 857 | 2,521 | 569 | 1,630 | 506 | 299 | 403 | 343 | 301 | 101 | 1,577 | 704 | 261 | 221 | 483 | 437 | 1,188 | 1,358 | 129 | 174 | 2,195 | 621 | 456 | 624 | 749 | 1,466 | 315 | 286 | 277 | 446 | 715 | 229 | 153 | 362 | 415 | 407 | 590 | 760 | 1,000 | 1,000 | 1,500 | 1,000 | 2,517 | 1,195 | 1,392 | 1,296 | 659 | 1,275 | 2,132 | 2,289 | 413 | 418 | 489 | 360 | 848 | 606 | 1,778 | 483 | 572 | 364 | 361 | 347 | 9 | 969 | 474 | 260 | 956 | 960 | 1,507 | 389 | 885 | 1,134 | 944 | 996 | 1,300 | 154 | 147 | 75 | 144 | 191 | 199 | 600 | 950 | 515 | 2,133 | 310 | 1,074 | 1,200 | 390 | 1,206 | 926 | 1,613 | 990 | 898 | 1,293 | 2,563 | 2,709 | 1,675 | 1,904 | 138 | 395 | 119 | 198 | 158 | 198 | 336 | 217 | 217 | 1,652 | 886 | 1,707 | 376 | 864 | 4,458 | 1,990 | 1,218 | 9,139 | 1,746 | 817 | 1,682 | 2,848 | 431 | 319 | 237 | 193 | 405 | 246 | 380 | 303 | 353 | 985 | 800 | 1,590 | 687 | 1,874 | 230 | 204 | 192 | 192 | 243 | 71 | 307 | 307 | 215 | 98 | 213 | 59 | 497 | 261 | 558 | 633 | 180 | 140 | 220 | 200 | 300 | 270 | 210 | 2,622 | 1,895 | 1,657 | 3,702 | 898 | 1,721 | 277 | 255 | 248 | 248 | 427 | 2,124 | 2,890 | 3,008 | 681 | 3,800 | 1,590 | 1,441 | 817 | 562 | 481 | 1,098 | 1,210 | 2,885 | 806 | 1,040 | 2,585 | 3,616 | 2,367 | 19,678 | 9,281 | 13,543 | 1,435 | 1,353 | 1,224 | 2,043 | 1,754 | 4,894 | 2,538 | 6,072 | 6,720 | 7,717 | 6,506 | 5,767 | 2,850 | 8,183 | 6,385 | 32,536 | 258 | 522 | 160 | 610 | 300 | 2,125 | 909 | 768 | 303 | 720 | 2,074 | 4,152 | 294 | 147,085 | 256 | 104 | 208 | 133 | 300 | 700 | 2,320 | |||
Building and Improvements | 1,652,430 | 1,522 | 2,904 | 4,544 | 3,662 | 1,675 | 739 | 4,130 | 4,460 | 5,918 | 2,984 | 4,420 | 3,134 | 2,504 | 1,907 | 1,742 | 1,592 | 2,381 | 1,879 | 2,099 | 4,192 | 12,464 | 2,252 | 1,979 | 3,627 | 1,250 | 2,310 | 3,888 | 1,791 | 5,344 | 2,118 | 3,550 | 3,695 | 21,730 | 1,912 | 1,920 | 955 | 3,070 | 2,174 | 8,187 | 9,346 | 1,823 | 1,358 | 1,955 | 2,196 | 3,132 | 2,529 | 1,455 | 1,691 | 2,705 | 3,819 | 2,151 | 1,329 | 2,876 | 1,672 | 2,674 | 2,150 | 1,826 | 270 | 994 | 857 | 997 | 859 | 743 | 2,890 | 13,104 | 5,847 | 4,447 | 7,164 | 3,176 | 1,819 | 2,343 | 1,587 | 14,464 | 2,982 | 5,554 | 1,309 | 3,505 | 3,943 | 1,154 | 6,882 | 1,931 | 6,843 | 5,546 | 1,248 | 3,493 | 1,292 | 6,643 | 2,363 | 4,159 | 5,455 | 9,453 | 2,343 | 3,020 | 2,078 | 1,395 | 504 | 1,859 | 4,293 | 16,061 | 741 | 17,604 | 932 | 5,630 | 6,121 | 2,458 | 3,088 | 9,730 | 6,118 | 1,083 | 1,811 | 2,273 | 1,648 | 1,323 | 1,744 | 2,541 | 3,148 | 3,039 | 4,003 | 11,838 | 5,447 | 7,033 | 6,244 | 6,174 | 3,042 | 6,791 | 981 | 750 | 2,047 | 1,239 | 1,630 | 2,129 | 1,518 | 2,346 | 1,313 | 2,689 | 1,625 | 1,272 | 3,409 | 1,537 | 2,145 | 5,174 | 3,199 | 1,525 | 4,241 | 2,355 | 1,547 | 2,799 | 2,942 | 10,219 | 4,166 | 1,688 | 861 | 537 | 5,124 | 7,348 | 6,911 | 0 | 1,918 | 6,523 | 3,188 | 3,593 | 2,025 | 6,508 | 1,268 | 1,006 | 839 | 1,342 | 2,584 | 1,510 | 1,026 | 1,421 | 532 | 489 | 541 | 563 | 1,958 | 587 | 584 | 1,621 | 603 | 2,596 | 574 | 1,993 | 1,981 | 412 | 395 | 514 | 2,440 | 2,117 | 2,478 | 2,843 | 1,870 | 2,891 | 2,699 | 3,528 | 11,112 | 623 | 204 | 324 | 429 | 427 | 635 | 3,006 | 2,846 | 5,012 | 2,534 | 3,364 | 4,042 | 16,556 | 3,327 | 2,758 | 3,856 | 0 | 1,904 | 723 | 425 | 236 | 448 | 394 | 1,406 | 1,301 | 351 | 262 | 196 | 208 | 190 | 319 | 4,215 | 2,731 | 1,487 | 2,104 | 1,262 | 977 | 594 | 819 | 203 | 507 | 355 | 277 | 408 | 301 | 1,024 | 701 | 513 | 1,007 | 531 | 233 | 1,703 | 3,410 | 1,590 | 1,445 | 834 | 456 | 809 | 461 | 617 | 608 | 395 | 634 | 760 | 694 | 706 | 749 | 815 | 664 | 794 | 792 | 1,225 | 738 | 704 | 718 | 912 | 963 | 703 | 748 | 422 | 665 | 254 | 920 | 1,050 | 442 | 2,983 | 887 | 761 | 887 | 761 | 1,902 | 507 | 1,775 | 1,141 | 3,170 | 1,158 | 7,144 | 3,737 | 1,790 | 1,567 | 1,016 | 4,915 | 3,241 | 5,441 | 0 | 1,154 | 834 | 1,910 | 2,665 | 3,367 | 2,018 | 1,507 | 1,332 | 2,300 | 2,063 | 1,973 | 1,541 | 2,343 | 1,287 | 2,489 | 3,368 | 2,782 | 1,611 | 2,610 | 2,769 | 4,342 | 2,050 | 2,761 | 1,308 | 3,197 | 8,333 | 1,357 | 4,675 | 1,328 | 3,679 | 764 | 726 | 481 | 898 | 626 | 1,698 | 826 | 798 | 1,020 | 818 | 1,166 | 19,237 | 13,565 | 2,603 | 3,770 | 1,402 | 3,321 | 1,161 | 743 | 822 | 1,234 | 405 | 934 | 1,238 | 688 | 1,008 | 460 | 117 | 1,449 | 443 | 2,181 | 4,760 | 1,260 | 1,848 | 993 | 1,842 | 6,027 | 2,837 | 0 | 2,194 | 1,235 | 1,358 | 0 | 1,883 | 2,722 | 2,455 | 3,111 | 3,079 | 3,308 | 3,428 | 3,270 | 7,058 | 3,199 | 1,565 | 3,647 | 1,153 | 2,150 | 713 | 1,018 | 1,923 | 672 | 628 | 1,516 | 1,082 | 0 | 8,622 | 382 | 391 | 6,084 | 3,289 | 2,703 | 3,700 | 4,461 | 8,342 | 1,804 | 2,261 | 2,525 | 4,054 | 1,300 | 867 | 2,049 | 2,354 | 2,308 | 2,450 | 2,709 | 8,328 | 1,599 | 6,069 | 4,891 | 8,149 | 7,157 | 3,189 | 0 | 3,105 | 7,952 | 2,383 | 2,368 | 2,785 | 2,040 | 4,383 | 3,192 | 2,735 | 3,240 | 2,064 | 2,048 | 1,968 | 5,491 | 2,686 | 1,471 | 5,415 | 5,440 | 8,542 | 2,206 | 5,015 | 6,426 | 0 | 0 | 4,628 | 851 | 811 | 418 | 796 | 1,059 | 1,100 | 1,349 | 5,916 | 1,245 | 17,562 | 2,268 | 2,642 | 4,800 | 2,160 | 3,218 | 2,195 | 6,451 | 2,661 | 3,066 | 5,950 | 9,388 | 10,970 | 4,514 | 6,805 | 784 | 2,241 | 672 | 1,120 | 896 | 1,120 | 1,905 | 1,232 | 1,232 | 0 | 2,995 | 10,873 | 1,670 | 2,771 | 2,659 | 3,979 | 1,950 | 5,881 | 3,148 | 1,673 | 2,750 | 8,641 | 2,479 | 1,838 | 1,360 | 1,119 | 2,295 | 1,359 | 2,103 | 1,680 | 1,952 | 6,205 | 2,099 | 9,026 | 1,947 | 31,958 | 681 | 1,159 | 1,086 | 1,086 | 1,376 | 402 | 1,742 | 1,742 | 871 | 402 | 1,206 | 335 | 2,751 | 3,587 | 987 | 730 | 1,160 | 1,107 | 1,460 | 1,363 | 833 | 8,643 | 5,408 | 2,768 | 7,338 | 2,078 | 11,433 | 1,609 | 5,219 | 7,020 | 5,826 | 168 | 7,330 | 6,360 | 1,239 | 762 | 456 | 365 | 630 | 874 | 1,931 | 3,225 | 4,160 | 3,210 | 3,902 | 3,243 | 9,321 | 3,920 | 779 | 722 | 716 | 3,408 | 2,949 | 3,481 | 2,538 | 7,891 | 2,518 | 4,885 | 2,538 | 2,850 | 7,501 | 1,436 | 2,916 | 508 | 1,847 | 989 | 6,504 | 4,613 | 3,448 | 742 | 2,800 | 0 | 8,570 | 430 | 1,453 | 591 | 1,181 | 753 | 1,504 | 3,509 | |||||||||||||||||||||||||||||||||||||||
Costs capitalized subsequent to acquisition or completion and valuation provision | 710,947 | 32 | (705) | (817) | 946 | 801 | 164 | 889 | 1,688 | 1,457 | 1,046 | 809 | 433 | 143 | 334 | 281 | 286 | 248 | 322 | (940) | (699) | 2,386 | 7,485 | 6 | (23) | 451 | 114 | 298 | 288 | 42 | (1,742) | (200) | 96 | (1,428) | 2,870 | 628 | 734 | 500 | 466 | 630 | (850) | (820) | 156 | 107 | 206 | (14) | (59) | 337 | (55) | 53 | (143) | 502 | (241) | 1,155 | 4,274 | 181 | 392 | 330 | 740 | 14,439 | 613 | 1,696 | 935 | 1,263 | 1,131 | 6,863 | 3,948 | 702 | 3,017 | 2,647 | 1,611 | 306 | (283) | 55 | 7 | 14,234 | 58,462 | 23,567 | 1 | 23,731 | 759 | 1,692 | 584 | 1,697 | 1,173 | 1,012 | 2,631 | 44 | 2,685 | 3,998 | 277 | 328 | (37) | 918 | 163 | 1,464 | 6,696 | 2,725 | 1,130 | 103 | 468 | 2,665 | 154 | 37 | 1,028 | 723 | 77 | 1,936 | 1,363 | 100 | (199) | (117) | 366 | 24,960 | 1,706 | 94 | 1,351 | 5,276 | 6,517 | 574 | (137) | 543 | 380 | 115 | 29 | 47 | 143 | 137 | 694 | 988 | 186 | 337 | 10 | 341 | 652 | 2,016 | 203 | 216 | 363 | 279 | 249 | 195 | 500 | 898 | 305 | 16 | 112 | 132 | 123 | 390 | 466 | 1,097 | 341 | 96 | 346 | 399 | 254 | 131 | 386 | 2,564 | 543 | 481 | 285 | 101 | 877 | 1,281 | 937 | 3,500 | 3,382 | 2,902 | 2,825 | 1,462 | 3,432 | 317 | 1,628 | 298 | (184) | 94 | (88) | 80 | 633 | 403 | 638 | 1,032 | (664) | 588 | 195 | 302 | 213 | 174 | 287 | 340 | 244 | 99 | 449 | 95 | 822 | 157 | 507 | 55 | 10 | (115) | 39 | 762 | 100 | 130 | 324 | 236 | 352 | 460 | 1,304 | 1,039 | 255 | 103 | 196 | 249 | 146 | 55 | 58 | 222 | 598 | (93) | 517 | (16) | 15 | 360 | 31 | (16) | 16,444 | 189 | 54 | 1,060 | 610 | 877 | 399 | 967 | 787 | 1,014 | 1,720 | 483 | 472 | 489 | 742 | 829 | 1,000 | 437 | 475 | 342 | 564 | 435 | 305 | 197 | 285 | 237 | 273 | 338 | 290 | 1,219 | 392 | 382 | 608 | 367 | 175 | (182) | 3,300 | 529 | 220 | 407 | 242 | 641 | 457 | 480 | 413 | 393 | 592 | 577 | 582 | 432 | 398 | 296 | 362 | 258 | 514 | 295 | 290 | 157 | 221 | 522 | 376 | 481 | (183) | (91) | (324) | (3) | 231 | (351) | (324) | 299 | (192) | (329) | (409) | (302) | 329 | 200 | (437) | 272 | (2,261) | 200 | 1,352 | 671 | 373 | 370 | 218 | (1,234) | 356 | 1,208 | 7,166 | 213 | 110 | 340 | 367 | 3,662 | (1,376) | 78 | 1,195 | (1,291) | 3,487 | 36 | 1,708 | 497 | 435 | 454 | 626 | 1,290 | 1,573 | 677 | 1,009 | 741 | 2,027 | 1,010 | 687 | 543 | 902 | 3,162 | 827 | 606 | (26) | 259 | 152 | 27 | 115 | (87) | 80 | 282 | 41 | (105) | (265) | 58 | 335 | 0 | 3,267 | 1,007 | 588 | 369 | 794 | 310 | 198 | 301 | 558 | 189 | 371 | (112) | 136 | 187 | 197 | 37 | 213 | 98 | 195 | 1,971 | 603 | 270 | 397 | 458 | 240 | 416 | 235 | 2,079 | 3,163 | 797 | 690 | (195) | 3,455 | 256 | 260 | 456 | 320 | 785 | 238 | 3,986 | 651 | 1,832 | (108) | (189) | 263 | 245 | 99 | (42) | (214) | (278) | 877 | 346 | 120 | 249 | 396 | 16,949 | 13,463 | 733 | (1) | 3,923 | 3,089 | 642 | 560 | 822 | 3,436 | 1,876 | 1,827 | 806 | 767 | 2,400 | 847 | 281 | 827 | 1,042 | 836 | 5,270 | 6,592 | 378 | 871 | 1,387 | (100) | (1,692) | (666) | (501) | (379) | 949 | 6,469 | 90 | 0 | 940 | (680) | 286 | 613 | 558 | 258 | 24,298 | 704 | 1,014 | 379 | 508 | 471 | 2,555 | 906 | 553 | 196 | 796 | 521 | 2,815 | 540 | 569 | 550 | 4,535 | 5,527 | 1,020 | 355 | 147 | 205 | 364 | 285 | 499 | (274) | (62) | (513) | 38 | 174 | (424) | 1,088 | 144 | 275 | 128 | 346 | 248 | 360 | 415 | 248 | 168 | 2,577 | 429 | 451 | 293 | 138 | 722 | 352 | 374 | 1,228 | 562 | 287 | 96 | 244 | 835 | 2,318 | 444 | 294 | 2,465 | 798 | 1,622 | 1,446 | 817 | 556 | 710 | 1,018 | (241) | (470) | (8) | 541 | 263 | 170 | 159 | 147 | 724 | 353 | 300 | 313 | 277 | 52 | 673 | 1,305 | 2,498 | 838 | 114 | 48 | 2 | 10 | 122 | 149 | 1 | (820) | (1,524) | (1,656) | (3,252) | (643) | (2,272) | (58) | 1,884 | 2,119 | 1,863 | 3,782 | 1,587 | 788 | 748 | 19 | 71 | 7,730 | 706 | 263 | 88 | 139 | 261 | 185 | 728 | 439 | 341 | 99 | 61 | 40 | 6,271 | 40 | 20,904 | 42 | (844) | 21 | (233) | (204) | (4,546) | 290 | 762 | 9,197 | (187) | (5,433) | 1,470 | 722 | 761 | 12,335 | 20,668 | 795 | 425 | 381 | 1,239 | 543 | (4,089) | 203 | (216) | (285) | (589) | 9,896 | 13,649 | (727) | 2,897 | 495 | 339 | 18 | 184 | 243 | 5 | 10,885 | ||||||||||||||
Land | 703,478 | 214 | 284 | 365 | 635 | 228 | 125 | 726 | 828 | 1,157 | 546 | 804 | 574 | 459 | 339 | 309 | 283 | 423 | 334 | 146 | 352 | 1,604 | 1,550 | 798 | 490 | 740 | 513 | 715 | 610 | 402 | 989 | 716 | 885 | 467 | 2,594 | 2,428 | 700 | 500 | 1,100 | 1,200 | 3,208 | 2,206 | 375 | 296 | 372 | 568 | 1,038 | 938 | 919 | 718 | 913 | 1,136 | 1,690 | 847 | 942 | 1,000 | 1,311 | 1,054 | 897 | 2,823 | 200 | 287 | 206 | 164 | 209 | 541 | 1,863 | 1,016 | 532 | 1,328 | 1,341 | 601 | 178 | 387 | 443 | 2,341 | 7,019 | 4,715 | 4,070 | 6,886 | 521 | 968 | 224 | 525 | 696 | 205 | 1,073 | 208 | 1,305 | 1,048 | 231 | 666 | 162 | 1,220 | 433 | 761 | 983 | 1,044 | 1,181 | 1,213 | 1,220 | 1,617 | 801 | 513 | 1,046 | 1,134 | 4,476 | 579 | 4,201 | 667 | 2,737 | 3,482 | 762 | 3,212 | 566 | 952 | 1,109 | 630 | 779 | 606 | 592 | 875 | 840 | 355 | 394 | 397 | 508 | 548 | 627 | 691 | 475 | 991 | 792 | 921 | 1,022 | 2,496 | 175 | 134 | 368 | 220 | 290 | 380 | 271 | 422 | 236 | 441 | 287 | 227 | 601 | 247 | 383 | 918 | 570 | 273 | 739 | 422 | 278 | 468 | 503 | 1,829 | 752 | 305 | 156 | 97 | 934 | 1,304 | 1,230 | 781 | 441 | 374 | 374 | 370 | 442 | 372 | 1,304 | 572 | 620 | 517 | 1,276 | 500 | 172 | 142 | 270 | 469 | 87 | 185 | 258 | 102 | 94 | 104 | 108 | 372 | 112 | 112 | 308 | 115 | 468 | 92 | 316 | 318 | 47 | 23 | 71 | 426 | 255 | 442 | 507 | 306 | 516 | 481 | 629 | 1,981 | 111 | 36 | 58 | 76 | 76 | 113 | 604 | 604 | 1,006 | 604 | 1,011 | 825 | 2,586 | 601 | 481 | 771 | 1,947 | 331 | 122 | 218 | 129 | 192 | 121 | 373 | 372 | 215 | 239 | 103 | 103 | 107 | 164 | 903 | 560 | 327 | 457 | 279 | 219 | 138 | 185 | 56 | 125 | 93 | 89 | 93 | 79 | 295 | 158 | 138 | 254 | 137 | 66 | 148 | 612 | 286 | 267 | 159 | 89 | 154 | 90 | 119 | 117 | 78 | 122 | 145 | 133 | 135 | 143 | 155 | 127 | 151 | 151 | 231 | 141 | 134 | 137 | 173 | 182 | 130 | 77 | 27 | 32 | 30 | 178 | 86 | 6 | 575 | 92 | 46 | 53 | 58 | 367 | 98 | 191 | 220 | 49 | 223 | 1,371 | 721 | 345 | 302 | 196 | 332 | 297 | 1,412 | 849 | 212 | 153 | 351 | 490 | 628 | 195 | 685 | 476 | 303 | 1,090 | 734 | 382 | 278 | 425 | 233 | 449 | 611 | 504 | 290 | 470 | 499 | 792 | 370 | 531 | 251 | 616 | 1,581 | 256 | 940 | 204 | 617 | 259 | 276 | 203 | 188 | 155 | 393 | 171 | 124 | 120 | 163 | 307 | 3,717 | 2,057 | 476 | 685 | 258 | 601 | 212 | 136 | 152 | 225 | 75 | 171 | 115 | 91 | 166 | 85 | 23 | 265 | 82 | 398 | 484 | 230 | 281 | 180 | 332 | 1,048 | 68 | 741 | 128 | 196 | 609 | 544 | 208 | 743 | 912 | 834 | 942 | 1,112 | 951 | 1,097 | 864 | 828 | 450 | 1,646 | 508 | 301 | 405 | 366 | 302 | 58 | 1,528 | 715 | 265 | 225 | 491 | 445 | 1,204 | 1,519 | 182 | 193 | 2,228 | 639 | 456 | 624 | 757 | 1,466 | 315 | 288 | 277 | 578 | 736 | 235 | 157 | 371 | 434 | 441 | 590 | 888 | 1,034 | 1,038 | 1,510 | 1,009 | 1,296 | 1,198 | 1,395 | 1,299 | 665 | 1,343 | 2,175 | 2,289 | 430 | 248 | 493 | 365 | 888 | 616 | 1,778 | 503 | 593 | 375 | 377 | 362 | 691 | 978 | 479 | 262 | 965 | 969 | 1,534 | 396 | 901 | 1,154 | 944 | 996 | 1,309 | 170 | 162 | 91 | 159 | 229 | 220 | 625 | 964 | 423 | 2,769 | 316 | 964 | 1,226 | 396 | 1,252 | 929 | 1,620 | 1,038 | 362 | 1,292 | 2,563 | 2,709 | 1,719 | 1,923 | 143 | 408 | 123 | 204 | 163 | 204 | 347 | 225 | 225 | 669 | 898 | 1,713 | 376 | 869 | 4,594 | 2,042 | 1,258 | 9,340 | 1,822 | 853 | 1,772 | 2,859 | 431 | 319 | 237 | 194 | 419 | 251 | 388 | 310 | 360 | 985 | 804 | 1,591 | 694 | 1,902 | 241 | 257 | 200 | 200 | 255 | 82 | 326 | 326 | 242 | 110 | 221 | 62 | 560 | 265 | 561 | 640 | 186 | 144 | 226 | 205 | 311 | 278 | 216 | 2,635 | 1,365 | 852 | 2,245 | 599 | 988 | 173 | 366 | 355 | 355 | 387 | 2,143 | 2,902 | 3,031 | 684 | 3,825 | 1,590 | 1,446 | 821 | 565 | 483 | 1,102 | 1,214 | 2,895 | 807 | 1,073 | 2,608 | 3,657 | 2,396 | 20,144 | 9,381 | 6,482 | 1,441 | 675 | 1,229 | 2,051 | 1,761 | 1,819 | 2,565 | 6,090 | 6,897 | 7,752 | 3,236 | 5,964 | 2,874 | 8,545 | 6,382 | 32,540 | 258 | 522 | 162 | 619 | 425 | 1,557 | 920 | 779 | 225 | 583 | 2,120 | 4,228 | 296 | 137,641 | 259 | 105 | 211 | 134 | 302 | 704 | 2,401 | |||
Building and improvements | 2,390,566 | 1,604 | 2,421 | 4,150 | 4,608 | 2,536 | 903 | 5,019 | 6,070 | 7,230 | 4,011 | 5,205 | 3,559 | 2,640 | 2,238 | 2,021 | 1,876 | 2,626 | 2,199 | 1,383 | 3,881 | 14,846 | 7,485 | 2,254 | 1,951 | 4,073 | 1,361 | 2,604 | 4,170 | 1,828 | 4,023 | 1,914 | 3,642 | 2,556 | 24,586 | 2,515 | 2,654 | 1,455 | 3,536 | 2,804 | 7,329 | 8,520 | 1,960 | 1,448 | 2,140 | 2,153 | 3,052 | 2,846 | 1,382 | 1,727 | 2,562 | 4,296 | 1,868 | 2,466 | 7,132 | 1,832 | 3,038 | 2,458 | 2,544 | 14,526 | 1,438 | 2,528 | 1,922 | 2,099 | 1,778 | 9,722 | 16,579 | 6,533 | 3,027 | 6,947 | 8,727 | 3,466 | 1,559 | 2,393 | 1,587 | 13,393 | 58,465 | 23,570 | 14,480 | 23,729 | 3,741 | 7,245 | 1,893 | 5,288 | 5,108 | 2,161 | 9,482 | 2,099 | 9,431 | 9,475 | 1,514 | 3,786 | 1,326 | 7,541 | 2,520 | 5,613 | 6,696 | 8,121 | 10,580 | 2,440 | 3,483 | 4,673 | 1,541 | 525 | 2,839 | 5,014 | 16,138 | 2,672 | 18,967 | 974 | 5,415 | 5,891 | 2,806 | 24,960 | 4,773 | 10,589 | 7,440 | 5,276 | 6,517 | 1,651 | 1,682 | 2,799 | 2,006 | 1,430 | 1,771 | 2,586 | 3,289 | 3,174 | 4,693 | 12,816 | 5,624 | 7,351 | 6,237 | 6,514 | 3,661 | 8,789 | 1,182 | 964 | 2,403 | 1,517 | 1,877 | 2,320 | 2,015 | 3,236 | 1,614 | 2,705 | 1,733 | 1,402 | 3,531 | 1,926 | 2,611 | 6,266 | 3,535 | 1,617 | 4,587 | 2,748 | 1,796 | 2,930 | 3,328 | 12,783 | 4,692 | 2,162 | 1,142 | 636 | 5,993 | 8,622 | 7,838 | 3,458 | 3,382 | 2,902 | 2,825 | 1,404 | 3,431 | 2,201 | 7,998 | 3,477 | 3,405 | 2,114 | 6,415 | 1,343 | 1,645 | 1,248 | 1,947 | 3,603 | 1,025 | 1,610 | 1,609 | 828 | 696 | 709 | 844 | 2,280 | 825 | 677 | 2,055 | 692 | 3,408 | 740 | 2,536 | 2,068 | 448 | 327 | 573 | 3,207 | 2,336 | 2,603 | 3,162 | 2,106 | 3,237 | 3,154 | 4,826 | 12,131 | 877 | 307 | 519 | 678 | 572 | 689 | 3,060 | 3,064 | 5,604 | 2,437 | 3,870 | 4,024 | 16,566 | 3,685 | 2,801 | 3,829 | 16,409 | 2,093 | 777 | 1,392 | 788 | 1,229 | 766 | 2,236 | 2,031 | 1,235 | 1,838 | 626 | 632 | 629 | 975 | 5,044 | 3,728 | 1,921 | 2,579 | 1,600 | 1,536 | 1,022 | 1,117 | 383 | 765 | 570 | 528 | 724 | 580 | 2,159 | 1,081 | 868 | 1,536 | 886 | 401 | 1,672 | 6,700 | 2,114 | 1,653 | 1,229 | 690 | 1,439 | 909 | 1,087 | 1,011 | 780 | 1,216 | 1,326 | 1,266 | 1,128 | 1,136 | 1,100 | 1,016 | 1,041 | 1,295 | 1,505 | 1,017 | 851 | 929 | 1,422 | 1,327 | 1,178 | 623 | 380 | 429 | 267 | 1,139 | 803 | 192 | 3,246 | 763 | 523 | 585 | 538 | 2,208 | 701 | 1,468 | 1,399 | 1,433 | 1,344 | 8,410 | 4,362 | 2,141 | 1,918 | 1,221 | 4,237 | 3,666 | 6,579 | 7,112 | 1,364 | 942 | 2,244 | 3,023 | 3,655 | 2,299 | 2,088 | 2,919 | 1,015 | 5,777 | 2,088 | 3,647 | 2,032 | 2,766 | 1,735 | 3,105 | 4,641 | 4,342 | 2,282 | 3,610 | 3,500 | 6,343 | 3,052 | 3,404 | 1,831 | 4,047 | 11,419 | 2,173 | 5,281 | 1,299 | 3,929 | 911 | 748 | 593 | 811 | 705 | 1,991 | 867 | 732 | 805 | 876 | 1,501 | 19,237 | 16,832 | 3,593 | 4,338 | 1,760 | 4,100 | 1,464 | 936 | 1,116 | 1,785 | 590 | 1,299 | 1,230 | 854 | 1,207 | 653 | 152 | 1,653 | 537 | 2,363 | 6,731 | 1,855 | 2,163 | 1,385 | 2,293 | 6,267 | 408 | 3,059 | 2,069 | 3,163 | 2,982 | 1,911 | 1,156 | 3,359 | 2,135 | 2,978 | 2,906 | 3,426 | 3,860 | 3,541 | 7,407 | 2,344 | 5,221 | 6,934 | 3,008 | 1,826 | 3,890 | 1,229 | 2,107 | 542 | 789 | 2,789 | 1,014 | 744 | 1,757 | 1,470 | 16,933 | 21,924 | 1,062 | 371 | 9,974 | 6,360 | 3,345 | 4,260 | 5,275 | 11,778 | 3,680 | 1,825 | 3,067 | 3,160 | 6,433 | 2,141 | 1,144 | 2,867 | 3,377 | 3,110 | 5,270 | 6,464 | 2,794 | 3,542 | 9,705 | 1,490 | 5,598 | 4,222 | 7,645 | 6,775 | 4,132 | 6,401 | 3,152 | 7,952 | 3,306 | 1,858 | 3,067 | 2,648 | 4,901 | 3,440 | 24,298 | 3,419 | 4,233 | 2,432 | 2,540 | 2,424 | 1,873 | 6,388 | 3,234 | 1,665 | 6,202 | 5,952 | 11,330 | 2,739 | 5,568 | 6,956 | 4,535 | 5,527 | 5,639 | 1,190 | 943 | 607 | 1,145 | 1,306 | 1,578 | 1,050 | 5,840 | 824 | 16,964 | 2,436 | 2,328 | 5,862 | 2,309 | 4,534 | 2,635 | 6,833 | 3,080 | 1,712 | 6,352 | 10,548 | 11,905 | 4,619 | 9,037 | 923 | 2,503 | 796 | 1,460 | 1,139 | 1,474 | 2,309 | 1,472 | 1,392 | 3,560 | 3,412 | 11,318 | 1,963 | 2,904 | 3,245 | 4,279 | 2,284 | 6,908 | 3,634 | 1,924 | 2,756 | 8,874 | 3,314 | 4,156 | 1,804 | 1,412 | 4,746 | 2,152 | 3,717 | 3,119 | 2,762 | 6,761 | 2,805 | 10,043 | 1,699 | 31,460 | 662 | 1,647 | 1,341 | 1,248 | 1,523 | 538 | 2,447 | 2,076 | 1,144 | 703 | 1,475 | 384 | 3,361 | 1,301 | 2,495 | 4,418 | 1,095 | 774 | 1,156 | 1,112 | 1,571 | 1,504 | 828 | 7,810 | 4,414 | 1,917 | 5,543 | 1,734 | 9,894 | 1,655 | 1,773 | 2,012 | 1,756 | 3,822 | 6,787 | 7,796 | 6,551 | 184 | 7,376 | 14,090 | 1,940 | 1,021 | 541 | 502 | 887 | 1,055 | 2,649 | 3,663 | 4,468 | 3,286 | 3,922 | 3,254 | 15,126 | 3,860 | 27,965 | 815 | 556 | 732 | 3,167 | 2,738 | 2,010 | 2,801 | 8,635 | 9,020 | 2,296 | 2,722 | 3,811 | 3,548 | 7,900 | 12,338 | 20,664 | 2,231 | 3,341 | 887 | 3,077 | 1,407 | 2,983 | 4,805 | 3,221 | 535 | 2,348 | 9,850 | 13,573 | 7,841 | 12,771 | 1,945 | 929 | 1,196 | 936 | 1,745 | 3,510 | 10,804 | |||
Total | 3,094,044 | 1,818 | 2,705 | 4,515 | 5,243 | 2,764 | 1,028 | 5,745 | 6,898 | 8,387 | 4,557 | 6,009 | 4,133 | 3,099 | 2,577 | 2,330 | 2,159 | 3,049 | 2,533 | 1,529 | 4,233 | 16,450 | 9,035 | 3,052 | 2,441 | 4,813 | 1,874 | 3,319 | 4,780 | 2,230 | 5,012 | 2,630 | 4,527 | 3,023 | 27,180 | 4,943 | 3,354 | 1,955 | 4,636 | 4,004 | 10,537 | 10,726 | 2,335 | 1,744 | 2,512 | 2,721 | 4,090 | 3,784 | 2,301 | 2,445 | 3,475 | 5,432 | 3,558 | 3,313 | 8,074 | 2,832 | 4,349 | 3,512 | 3,441 | 17,349 | 1,638 | 2,815 | 2,128 | 2,263 | 1,987 | 10,263 | 18,442 | 7,549 | 3,559 | 8,275 | 10,068 | 4,067 | 1,737 | 2,780 | 2,030 | 15,734 | 65,484 | 28,285 | 18,550 | 30,615 | 4,262 | 8,213 | 2,117 | 5,813 | 5,804 | 2,366 | 10,555 | 2,307 | 10,736 | 10,523 | 1,745 | 4,452 | 1,488 | 8,761 | 2,953 | 6,374 | 7,679 | 9,165 | 11,761 | 3,653 | 4,703 | 6,290 | 2,342 | 1,038 | 3,885 | 6,148 | 20,614 | 3,251 | 23,168 | 1,641 | 8,152 | 9,373 | 3,568 | 28,172 | 5,339 | 11,541 | 8,549 | 5,906 | 7,296 | 2,257 | 2,274 | 3,674 | 2,846 | 1,785 | 2,165 | 2,983 | 3,797 | 3,722 | 5,320 | 13,507 | 6,099 | 8,342 | 7,029 | 7,435 | 4,683 | 11,285 | 1,357 | 1,098 | 2,771 | 1,737 | 2,167 | 2,700 | 2,286 | 3,658 | 1,850 | 3,146 | 2,020 | 1,629 | 4,132 | 2,173 | 2,994 | 7,184 | 4,105 | 1,890 | 5,326 | 3,170 | 2,074 | 3,398 | 3,831 | 14,612 | 5,444 | 2,467 | 1,298 | 733 | 6,927 | 9,926 | 9,068 | 4,239 | 3,823 | 3,276 | 3,199 | 1,774 | 3,873 | 2,573 | 9,302 | 4,049 | 4,025 | 2,631 | 7,691 | 1,843 | 1,817 | 1,390 | 2,217 | 4,072 | 1,112 | 1,795 | 1,867 | 930 | 790 | 813 | 952 | 2,652 | 937 | 789 | 2,363 | 807 | 3,876 | 832 | 2,852 | 2,386 | 495 | 350 | 644 | 3,633 | 2,591 | 3,045 | 3,669 | 2,412 | 3,753 | 3,635 | 5,455 | 14,112 | 988 | 343 | 577 | 754 | 648 | 802 | 3,664 | 3,668 | 6,610 | 3,041 | 4,881 | 4,849 | 19,152 | 4,286 | 3,282 | 4,600 | 18,356 | 2,424 | 899 | 1,610 | 917 | 1,421 | 887 | 2,609 | 2,403 | 1,450 | 2,077 | 729 | 735 | 736 | 1,139 | 5,947 | 4,288 | 2,248 | 3,036 | 1,879 | 1,755 | 1,160 | 1,302 | 439 | 890 | 663 | 617 | 817 | 659 | 2,454 | 1,239 | 1,006 | 1,790 | 1,023 | 467 | 1,820 | 7,312 | 2,400 | 1,920 | 1,388 | 779 | 1,593 | 999 | 1,206 | 1,128 | 858 | 1,338 | 1,471 | 1,399 | 1,263 | 1,279 | 1,255 | 1,143 | 1,192 | 1,446 | 1,736 | 1,158 | 985 | 1,066 | 1,595 | 1,509 | 1,308 | 700 | 407 | 461 | 297 | 1,317 | 889 | 198 | 3,821 | 855 | 569 | 638 | 596 | 2,575 | 799 | 1,659 | 1,619 | 1,482 | 1,567 | 9,781 | 5,083 | 2,486 | 2,220 | 1,417 | 4,569 | 3,963 | 7,991 | 7,961 | 1,576 | 1,095 | 2,595 | 3,513 | 4,283 | 2,494 | 2,773 | 3,395 | 1,318 | 6,867 | 2,822 | 4,029 | 2,310 | 3,191 | 1,968 | 3,554 | 5,252 | 4,846 | 2,572 | 4,080 | 3,999 | 7,135 | 3,422 | 3,935 | 2,082 | 4,663 | 13,000 | 2,429 | 6,221 | 1,503 | 4,546 | 1,170 | 1,024 | 796 | 999 | 860 | 2,384 | 1,038 | 856 | 925 | 1,039 | 1,808 | 22,954 | 18,889 | 4,069 | 5,023 | 2,018 | 4,701 | 1,676 | 1,072 | 1,268 | 2,010 | 665 | 1,470 | 1,345 | 945 | 1,373 | 738 | 175 | 1,918 | 619 | 2,761 | 7,215 | 2,085 | 2,444 | 1,565 | 2,625 | 7,315 | 476 | 3,800 | 2,197 | 3,359 | 3,591 | 2,455 | 1,364 | 4,102 | 3,047 | 3,812 | 3,848 | 4,538 | 4,811 | 4,638 | 8,271 | 3,172 | 5,671 | 8,580 | 3,516 | 2,127 | 4,295 | 1,595 | 2,409 | 600 | 2,317 | 3,504 | 1,279 | 969 | 2,248 | 1,915 | 18,137 | 23,443 | 1,244 | 564 | 12,202 | 6,999 | 3,801 | 4,884 | 6,032 | 13,244 | 3,995 | 2,113 | 3,344 | 3,738 | 7,169 | 2,376 | 1,301 | 3,238 | 3,811 | 3,551 | 5,860 | 7,352 | 3,828 | 4,580 | 11,215 | 2,499 | 6,894 | 5,420 | 9,040 | 8,074 | 4,797 | 7,744 | 5,327 | 10,241 | 3,736 | 2,106 | 3,560 | 3,013 | 5,789 | 4,056 | 26,076 | 3,922 | 4,826 | 2,807 | 2,917 | 2,786 | 2,564 | 7,366 | 3,713 | 1,927 | 7,167 | 6,921 | 12,864 | 3,135 | 6,469 | 8,110 | 5,479 | 6,523 | 6,948 | 1,360 | 1,105 | 698 | 1,304 | 1,535 | 1,798 | 1,675 | 6,804 | 1,247 | 19,733 | 2,752 | 3,292 | 7,088 | 2,705 | 5,786 | 3,564 | 8,453 | 4,118 | 2,074 | 7,644 | 13,111 | 14,614 | 6,338 | 10,960 | 1,066 | 2,911 | 919 | 1,664 | 1,302 | 1,678 | 2,656 | 1,697 | 1,617 | 4,229 | 4,310 | 13,031 | 2,339 | 3,773 | 7,839 | 6,321 | 3,542 | 16,248 | 5,456 | 2,777 | 4,528 | 11,733 | 3,745 | 4,475 | 2,041 | 1,606 | 5,165 | 2,403 | 4,105 | 3,429 | 3,122 | 7,746 | 3,609 | 11,634 | 2,393 | 33,362 | 903 | 1,904 | 1,541 | 1,448 | 1,778 | 620 | 2,773 | 2,402 | 1,386 | 813 | 1,696 | 446 | 3,921 | 1,566 | 3,056 | 5,058 | 1,281 | 918 | 1,382 | 1,317 | 1,882 | 1,782 | 1,044 | 10,445 | 5,779 | 2,769 | 7,788 | 2,333 | 10,882 | 1,828 | 2,139 | 2,367 | 2,111 | 4,209 | 8,930 | 10,698 | 9,582 | 868 | 11,201 | 15,680 | 3,386 | 1,842 | 1,106 | 985 | 1,989 | 2,269 | 5,544 | 4,470 | 5,541 | 5,894 | 7,579 | 5,650 | 35,270 | 13,241 | 34,447 | 2,256 | 1,231 | 1,961 | 5,218 | 4,499 | 3,829 | 5,366 | 14,725 | 15,917 | 10,048 | 5,958 | 9,775 | 6,422 | 16,445 | 18,720 | 53,204 | 2,489 | 3,863 | 1,049 | 3,696 | 1,832 | 4,540 | 5,725 | 4,000 | 760 | 2,931 | 11,970 | 17,801 | 8,137 | 150,412 | 2,204 | 1,034 | 1,407 | 1,070 | 2,047 | 4,214 | 13,205 | |||
Accumulated depreciation 12/31/2012 | 748,044 | 735,593 | 695,931 | 663,310 | 813 | 1,319 | 2,368 | 2,064 | 1,006 | 422 | 2,238 | 2,733 | 3,214 | 1,546 | 1,929 | 1,224 | 932 | 673 | 631 | 563 | 797 | 681 | 687 | 1,719 | 4,514 | 1,761 | 725 | 1,521 | 2,086 | 390 | 799 | 1,724 | 622 | 3,142 | 533 | 1,002 | 800 | 5,013 | 784 | 961 | 498 | 1,235 | 903 | 1,508 | 1,793 | 518 | 399 | 481 | 522 | 1,043 | 1,070 | 490 | 592 | 1,030 | 1,267 | 642 | 648 | 1,363 | 613 | 1,175 | 840 | 939 | 2,902 | 1,211 | 1,882 | 1,393 | 1,384 | 1,348 | 3,615 | 4,302 | 1,491 | 675 | 2,606 | 3,129 | 1,045 | 660 | 752 | 521 | 2,527 | 8,269 | 3,689 | 1,116 | 99 | 1,600 | 3,151 | 862 | 3,093 | 2,492 | 733 | 4,806 | 1,240 | 3,672 | 3,211 | 583 | 1,230 | 505 | 2,406 | 799 | 1,971 | 1,999 | 2,599 | 3,078 | 963 | 1,230 | 2,224 | 505 | 332 | 1,690 | 2,093 | 380 | 608 | 247 | 511 | 1,182 | 1,291 | 738 | 3,905 | 1,993 | 5,167 | 3,066 | 1,490 | 1,886 | 515 | 511 | 2,195 | 953 | 485 | 469 | 521 | 710 | 722 | 1,244 | 3,523 | 1,812 | 2,131 | 1,652 | 1,913 | 2,139 | 2,805 | 448 | 378 | 909 | 587 | 742 | 919 | 719 | 1,307 | 624 | 1,099 | 762 | 556 | 1,460 | 812 | 989 | 2,593 | 1,370 | 650 | 1,925 | 1,041 | 722 | 1,176 | 1,334 | 4,935 | 1,802 | 802 | 427 | 239 | 2,444 | 2,817 | 2,612 | 1,020 | 1,154 | 924 | 859 | 407 | 1,070 | 597 | 2,205 | 1,052 | 900 | 674 | 1,818 | 514 | 545 | 398 | 756 | 1,363 | 628 | 624 | 633 | 274 | 246 | 245 | 268 | 829 | 265 | 250 | 712 | 249 | 1,043 | 257 | 896 | 608 | 200 | 190 | 206 | 1,055 | 717 | 831 | 1,031 | 675 | 1,015 | 1,011 | 1,538 | 3,464 | 265 | 101 | 150 | 230 | 189 | 192 | 1,094 | 847 | 1,571 | 909 | 1,201 | 1,204 | 6,938 | 1,227 | 970 | 746 | 3,234 | 993 | 387 | 1,244 | 634 | 1,093 | 695 | 1,967 | 1,478 | 1,171 | 1,302 | 564 | 554 | 572 | 781 | 3,918 | 2,360 | 1,350 | 1,994 | 1,220 | 970 | 663 | 754 | 318 | 676 | 497 | 477 | 553 | 491 | 1,635 | 849 | 682 | 1,239 | 693 | 374 | 821 | 2,859 | 963 | 687 | 493 | 270 | 464 | 314 | 414 | 364 | 277 | 371 | 472 | 436 | 425 | 441 | 429 | 362 | 431 | 519 | 629 | 440 | 345 | 386 | 503 | 555 | 504 | 291 | 197 | 281 | 127 | 433 | 424 | 168 | 1,255 | 365 | 303 | 349 | 289 | 835 | 237 | 692 | 498 | 1,176 | 498 | 3,318 | 1,636 | 824 | 713 | 462 | 2,211 | 1,756 | 2,350 | 2,252 | 419 | 289 | 847 | 976 | 827 | 857 | 741 | 1,304 | 239 | 1,759 | 775 | 1,241 | 709 | 1,117 | 617 | 1,183 | 1,741 | 1,560 | 936 | 1,200 | 1,369 | 2,290 | 1,000 | 1,337 | 697 | 1,599 | 3,629 | 788 | 1,658 | 765 | 1,019 | 315 | 289 | 191 | 248 | 215 | 643 | 289 | 249 | 201 | 280 | 278 | 2,570 | 6,969 | 1,476 | 1,914 | 792 | 1,756 | 681 | 386 | 479 | 674 | 261 | 535 | 701 | 351 | 508 | 260 | 67 | 707 | 229 | 1,046 | 2,630 | 812 | 926 | 538 | 921 | 2,531 | 166 | 1,213 | 839 | 1,193 | 935 | 578 | 561 | 512 | 662 | 733 | 755 | 820 | 1,075 | 898 | 1,346 | 247 | 1,613 | 1,481 | 1,312 | 880 | 1,346 | 361 | 916 | 272 | 640 | 1,286 | 395 | 244 | 748 | 456 | 2,473 | 10,288 | 787 | 104 | 6,834 | 5,278 | 1,489 | 1,985 | 2,481 | 5,104 | 1,748 | 796 | 1,268 | 1,409 | 2,524 | 842 | 484 | 1,115 | 1,334 | 1,186 | 1,871 | 2,352 | 848 | 1,072 | 3,234 | 721 | 3,092 | 961 | 1,700 | 2,166 | 701 | 1,081 | 806 | 1,349 | 1,484 | 988 | 1,230 | 884 | 1,681 | 902 | 3,465 | 1,371 | 1,713 | 954 | 979 | 948 | 603 | 2,048 | 1,108 | 536 | 2,100 | 1,961 | 4,276 | 883 | 1,819 | 2,218 | 1,244 | 1,323 | 1,743 | 407 | 355 | 238 | 402 | 503 | 618 | 231 | 1,977 | 222 | 4,264 | 592 | 1,254 | 1,849 | 805 | 1,003 | 1,272 | 1,971 | 883 | 650 | 1,171 | 2,294 | 2,347 | 814 | 1,357 | 334 | 962 | 293 | 541 | 412 | 636 | 891 | 550 | 518 | 1,352 | 1,698 | 2,650 | 421 | 819 | 827 | 914 | 630 | 918 | 1,248 | 653 | 804 | 2,002 | 1,398 | 1,397 | 789 | 542 | 1,656 | 510 | 929 | 993 | 919 | 1,946 | 883 | 3,515 | 1,354 | 6,418 | 210 | 546 | 499 | 501 | 599 | 217 | 931 | 822 | 455 | 321 | 627 | 150 | 1,260 | 495 | 977 | 1,404 | 380 | 269 | 339 | 396 | 705 | 387 | 276 | 2,421 | 1,006 | 637 | 1,867 | 606 | 7,052 | 771 | 637 | 1,029 | 595 | 806 | 2,145 | 2,084 | 1,517 | 95 | 1,629 | 2,965 | 483 | 355 | 238 | 182 | 280 | 385 | 852 | 753 | 1,153 | 833 | 1,215 | 1,062 | 2,954 | 1,389 | 848 | 280 | 219 | 258 | 586 | 512 | 1,165 | 668 | 2,669 | 1,409 | 852 | 803 | 1,388 | 736 | 1,390 | 297 | 128 | 916 | 1,095 | 313 | 935 | 814 | 596 | 1,693 | 1,024 | 186 | 736 | 1,734 | 1,767 | 3,509 | 1,714 | 541 | 223 | 337 | 224 | 527 | 1,091 | 1,767 |
Costs capitalized subsequent to acquisition or completion and valuation provision | $ 155 | $ 1,362 | $ 443 | $ 389 | $ 467 | $ (1,890) | $ 401 | $ 1,160 | $ 935 | $ 149 | $ 2,251 |
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- Definition
SEC Schedule III, Real Estate and Accumulated Depreciation, Location City and State No definition available.
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- Definition
Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of lien or mortgage outstanding on real estate investment properties for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before accumulated depreciation of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of carrying costs of properties that were capitalized after acquisition, for example, but not limited to, real estate taxes and insurance for entities with a substantial portion of business acquiring and holding investment real estate. Excludes initial purchase price and improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of land and buildings and improvements made to real estate investments and capitalized after acquisition for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Initial cost of buildings and improvements for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Initial cost of land for entities with a substantial portion of business acquiring and holding investment real estate. Excludes real estate not held as an investment or interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount, before accumulated depreciation, of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
|
Real Estate and Accumulated Depreciation [Line Items] | |||
Land | $ 703,478 | $ 691,726 | |
Buildings and Improvements | 2,390,566 | 2,403,654 | |
Less: Accumulated Depreciation | 748,044 | 732,635 | |
Construction in Progress | 25,503 | 26,068 | |
Net Investment in Real Estate | 2,371,503 | 2,388,813 | |
Real Estate and Other Assets Held for Sale, Net of Accumulated Depreciation and Amortization of $40,387 and $0 | 0 | 6,765 | |
Tenant Improvements | Shorter of Lease Term or Useful Life | ||
Balance, Beginning of Year | 3,130,942 | 3,115,050 | 3,140,649 |
Acquisition of Real Estate Assets | 69,481 | 65,770 | 22,953 |
Construction Costs and Improvements | 100,207 | 74,116 | 72,822 |
Disposition of Real Estate Assets | (142,369) | (94,093) | (91,312) |
Impairment of Real Estate | (2,652) | (1,246) | 2,661 |
Write-off of Fully Depreciated Assets | (36,062) | (28,655) | (32,723) |
Balance, End of Year | 3,119,547 | 3,130,942 | 3,115,050 |
Balance, Beginning of Year | 735,593 | 695,931 | 663,310 |
Depreciation for Year | 94,271 | 100,074 | 95,931 |
Disposition of Assets | (45,758) | (31,757) | (30,587) |
Balance, End of Year | $ 748,044 | $ 735,593 | $ 695,931 |
Buildings and Improvements | Minimum
|
|||
Real Estate and Accumulated Depreciation [Line Items] | |||
Property, plant and equipment, useful life | 7 years | ||
Buildings and Improvements | Maximum
|
|||
Real Estate and Accumulated Depreciation [Line Items] | |||
Property, plant and equipment, useful life | 50 years | ||
Land Improvements | Minimum
|
|||
Real Estate and Accumulated Depreciation [Line Items] | |||
Property, plant and equipment, useful life | 3 years | ||
Land Improvements | Maximum
|
|||
Real Estate and Accumulated Depreciation [Line Items] | |||
Property, plant and equipment, useful life | 20 years |
X | ||||||||||
- Definition
Tenant Improvements Useful Life No definition available.
|
X | ||||||||||
- Definition
The current amount of expenditures for a real estate project that has not yet been completed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
|
X | ||||||||||
- Definition
Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of decrease to accumulated depreciation for real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of real estate investments sold for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in real estate investments related to improvements for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of increase in real estate investments from acquisitions other than through foreclosure for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other deductions to real estate investments, excluding sales, for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of depreciation expense of real estate investments for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Schedule III: Real Estate and Accumulated Depreciation Real Estate and Accumulated Depreciation - Additional Information (Details) (USD $)
In Billions, unless otherwise specified |
Dec. 31, 2013
|
---|---|
Real Estate and Accumulated Depreciation [Abstract] | |
Aggregate cost of land and buildings and equipment for federal income tax purpose | $ 3.1 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Cost basis of real estate investments for federal income tax purposes for entities with a substantial portion of business acquiring and holding investment real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Schedule IV: Mortgage Loans on Real Estate Mortgage Loan on Real Estate (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Face Amount of Mortgages | $ 55,082 | |||||
Carrying Amount of Mortgages | 52,605 | [1] | ||||
Movement in Mortgage Loans on Real Estate [Roll Forward] | ||||||
Balance at Beginning of Period | 40,771 | 47,420 | 50,687 | |||
New Mortgage Loans | 12,520 | 0 | 7,029 | |||
Accretion of Discount | 64 | 64 | 64 | |||
Provision for Loan Loss Reserve | (150) | 0 | 0 | |||
Collections of Principal | (598) | (6,707) | (10,304) | |||
Interest | (2) | (6) | (56) | |||
Balance at Close of Period | 52,605 | 40,771 | 47,420 | |||
Borrower A [Member]
|
||||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Interest Rate | 4.75% | |||||
Final Maturity Date | Mar. 31, 2014 | |||||
Periodic Payment Terms | Interest monthly and principal at maturity | |||||
Face Amount of Mortgages | 9,800 | |||||
Carrying Amount of Mortgages | 9,800 | [1] | ||||
Borrower B [Member]
|
||||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Interest Rate | 4.75% | |||||
Final Maturity Date | Dec. 26, 2014 | |||||
Periodic Payment Terms | Interest monthly and principal at maturity | |||||
Face Amount of Mortgages | 2,720 | |||||
Carrying Amount of Mortgages | 2,720 | [1] | ||||
Borrower C [Member]
|
||||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Interest Rate | 6.75% | |||||
Final Maturity Date | Jun. 30, 2015 | |||||
Periodic Payment Terms | Interest and principal monthly | |||||
Face Amount of Mortgages | 10,325 | |||||
Carrying Amount of Mortgages | 9,821 | [1] | ||||
Borrower D [Member]
|
||||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Interest Rate | 7.50% | |||||
Final Maturity Date | Dec. 22, 2016 | |||||
Periodic Payment Terms | Interest and principal monthly | |||||
Face Amount of Mortgages | 8,030 | |||||
Carrying Amount of Mortgages | 7,165 | [1] | ||||
Borrower E [Member]
|
||||||
Mortgage Loans on Real Estate [Line Items] | ||||||
Interest Rate | 6.35% | |||||
Final Maturity Date | Jun. 30, 2017 | |||||
Periodic Payment Terms | Interest and principal monthly | |||||
Face Amount of Mortgages | 24,207 | |||||
Carrying Amount of Mortgages | $ 23,099 | [1] | ||||
|
X | ||||||||||
- Definition
Amount of increase (decrease) in standardized measure of discounted future net cash flow as a result of passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Stated maturity date of the mortgage loan receivable on real estate, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total carrying amount of mortgage loans as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of principal collected on mortgage loans on real estate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the contractual principal due at the origination of the mortgage loan (face amount). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The stated interest rate on the mortgage loan receivable or the weighted average interest rate on a group of loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Total amount of new mortgage loans on real estate during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of reductions in principal on mortgage loans other than foreclosures, costs of mortgages sold, and amortization of premium during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Description of the contractual payment terms of the loan receivable including whether principal and interest is payable at a level or varying amount over the life of the loan, the amount of any balloon payment required at maturity, and any prepayment penalties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of reserve for write-down of a mortgage loan on real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|