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v2.3.0.15Notes Payable
| 9 Months Ended |
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Sep. 30, 2011 |
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| Notes Payable [Abstract] | | | Notes Payable |
Notes payable consists of the following (in thousands):
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September 30, 2011 |
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December 31, 2010 |
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Note payable #1 collateralized by first deeds of trust on seven properties. The note has a fixed interest rate of 5.46%, a maturity date of January 1, 2016 with a 30-year amortization requiring monthly principal and interest payments of $151. |
|
$ |
24,411 |
|
|
$ |
24,766 |
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|
Note payable #2 collateralized by first deeds of trust on four properties. The note has a fixed interest rate of 5.61%, a maturity date of May 1, 2016 with a 30-year amortization requiring monthly principal and interest payments of $173. |
|
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27,563 |
|
|
|
27,947 |
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|
|
|
|
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|
|
|
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Total notes payable |
|
$ |
51,974 |
|
|
$ |
52,713 |
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Note payable #1 is collateralized by Bally's Health Club, Carnegie Business Center II, Lakeside Tower, Outback Steakhouse, Pat & Oscars, Palm Court Retail III and One Carnegie Plaza and Note payable #2 is collateralized by Brier Corporate Center, One Parkside, Two Parkside and Two Carnegie Plaza.
The annual maturities on the Partnership's notes payable as of September 30, 2011, are as follows (in thousands):
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|
|
|
|
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2011 |
|
$ |
168 |
|
|
2012 |
|
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1,043 |
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2013 |
|
|
1,103 |
|
|
2014 |
|
|
1,165 |
|
|
2015 |
|
|
1,232 |
|
|
Thereafter |
|
|
47,263 |
|
| |
|
|
|
|
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Total |
|
$ |
51,974 |
|
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|
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|
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| X | - DefinitionThe 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. + ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20,22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 19, 20, 22
-Article 5
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644
+ Details| Name: | us-gaap_DebtDisclosureTextBlock | | Namespace Prefix: | us-gaap | | Data Type: | nonnum:textBlockItemType | | Balance Type: | na | | Period Type: | duration |
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| X | - Details| Name: | us-gaap_NotesPayableAbstract | | Namespace Prefix: | us-gaap | | Data Type: | xbrli:stringItemType | | Balance Type: | na | | Period Type: | duration |
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