$PECO
Phillips Edison & Company, Inc.

2012 Q2 Form 10-Q Financial Statement

#000147620413000070 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2012 Q2
Revenue $3.105M
YoY Change 400.81%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.830M
YoY Change 252.35%
Operating Profit -$725.0K
YoY Change 55.25%
Interest Expense $478.0K
YoY Change 246.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$805.0K
YoY Change 33.06%
Net Earnings / Revenue -25.93%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $11.75M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $152.0M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $81.24M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$6.462M
YoY Change
Common Stock $56.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.65M
YoY Change
Total Liabilities & Shareholders Equity $152.0M
YoY Change

Cashflow Statement

Concept 2012 Q2
OPERATING ACTIVITIES
Net Income -$805.0K
YoY Change 33.06%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AmortizationOfIntangibleAssets
1050000
cik000147620 Asset Management Fees Incurred
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cik000147620 Asset Management Fees Incurred
AssetManagementFeesIncurred
515000
cik000147620 Financing Fees Incurred
FinancingFeesIncurred
2095000
cik000147620 Financing Fees Incurred
FinancingFeesIncurred
78000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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276000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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276000
us-gaap Net Income Loss
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-1063000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-583000
us-gaap Operating Expenses
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6097000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2572000
us-gaap Other Real Estate Revenue
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36000
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971000
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CY2012Q2 us-gaap Revenues
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CY2012Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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CY2012Q2 us-gaap Depreciation And Amortization
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CY2012Q2 cik000147620 Weighted Average Common Shares Outstanding Basic And Diluted
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Tenant Reimbursements
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us-gaap Other Nonoperating Expense
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us-gaap Interest Expense
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us-gaap Common Stock Dividends Per Share Declared
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Dividends Common Stock Cash
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Dividends Common Stock Cash
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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us-gaap Minority Interest Increase From Stock Issuance
MinorityInterestIncreaseFromStockIssuance
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Stock Redeemed Or Called During Period Value
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us-gaap Stock Redeemed Or Called During Period Value
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us-gaap Payments Of Loan Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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cik000147620 Change In Distributions Payable Noncontrolling Interests
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cik000147620 Assumed Debt
AssumedDebt
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Payments Of Dividends Common Stock
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us-gaap Proceeds From Minority Shareholders
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us-gaap Payments Of Loan Costs
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cik000147620 Accrued Offering Costs Payable To Sub Advisor
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cik000147620 Accrued Offering Costs Payable To Sub Advisor
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Depreciation Depletion And Amortization
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable Related Parties
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us-gaap Increase Decrease In Other Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Commercial Real Estate
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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cik000147620 Change In Distributions Payable
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cik000147620 Change In Distributions Payable
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Proceeds From Minority Shareholders
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us-gaap Payments Of Dividends Minority Interest
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910000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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cik000147620 Net Amortization Of Above And Below Market Leases
NetAmortizationOfAboveAndBelowMarketLeases
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cik000147620 Net Amortization Of Above And Below Market Leases
NetAmortizationOfAboveAndBelowMarketLeases
275000
us-gaap Straight Line Rent
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us-gaap Straight Line Rent
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us-gaap Payments For Repurchase Of Common Stock
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cik000147620 Change In Distributions Payable Noncontrolling Interests
ChangeInDistributionsPayableNoncontrollingInterests
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cik000147620 Assumed Debt
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Payments For Repurchase Of Common Stock
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CY2013Q2 cik000147620 Disposition Fees Incurred
DispositionFeesIncurred
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CY2012Q2 cik000147620 Disposition Fees Incurred
DispositionFeesIncurred
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CY2013Q2 cik000147620 Financing Fees Payable
FinancingFeesPayable
0
CY2012Q4 cik000147620 Financing Fees Payable
FinancingFeesPayable
0
CY2013Q2 cik000147620 Sales Of Real Estate Assets
SalesOfRealEstateAssets
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CY2012Q2 cik000147620 Sales Of Real Estate Assets
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CY2013Q2 cik000147620 Subordinated Incentive Fee Payable
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CY2012Q2 cik000147620 Subordinated Incentive Fee Payable
SubordinatedIncentiveFeePayable
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cik000147620 Class B Units Issued
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cik000147620 Disposition Fees Incurred
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cik000147620 Disposition Fees Incurred
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cik000147620 Sales Of Real Estate Assets
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cik000147620 Sales Of Real Estate Assets
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cik000147620 Subordinated Incentive Fee Payable
SubordinatedIncentiveFeePayable
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cik000147620 Subordinated Incentive Fee Payable
SubordinatedIncentiveFeePayable
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CY2013Q2 us-gaap Minority Interest Ownership Percentage By Parent
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CY2013Q2 cik000147620 Extension Option Term On Current Year Loan Maturities
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CY2013Q2 us-gaap Number Of Interest Rate Derivatives Held
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CY2013Q2 cik000147620 Contributions From Sponsors
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CY2012Q2 cik000147620 Contributions From Sponsors
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CY2013Q2 cik000147620 Common Stock Shares Proposed In Follow On Offering
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CY2013Q2 cik000147620 Amount Of Common Stock Continued In Primary Offering
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us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Derivative Instruments and Hedging Activities</font><font style="font-family:Times New Roman;font-size:10pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:10pt;">At times, we may use derivative instruments to manage exposure to variable interest rate risk. We generally enter into interest rate swaps to manage </font><font style="font-family:Times New Roman;font-size:10pt;">such</font><font style="font-family:Times New Roman;font-size:10pt;"> risk. We enter into derivative instruments that qualify as cash flow hedges</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">we </font><font style="font-family:Times New Roman;font-size:10pt;">do not enter into derivative instruments for speculative purposes. The interest rate swaps associated with our cash flow hedges are recorded at fair value on a recurring basis. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. The effective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recorded in accumulated other comprehensive </font><font style="font-family:Times New Roman;font-size:10pt;">income</font><font style="font-family:Times New Roman;font-size:10pt;"> and is subsequently reclassified into interest expense as interest is incurred on the related variable rate debt. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt instrument do not perfectly match</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> such as notional amounts, settlement dates, reset dates, calculation period and LIBOR rate. When ineffectiveness exists, the ineffective portion of changes in fair value of the interest rate swaps associated with our cash flow hedges is recognized in earnings in the period affected. In addition, we evaluate the default risk of the counterparty by monitoring the credit worthiness of the counterparty. </font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">Derivative instruments and hedging activities require management to make judgments on the </font><font style="font-family:Times New Roman;font-size:10pt;">nature of its derivatives and their effectiveness as hedges. These judgments determine if the changes in fair value of the derivative instruments are reported in the </font><font style="font-family:Times New Roman;font-size:10pt;">condensed </font><font style="font-family:Times New Roman;font-size:10pt;">consolidated statements of operations </font><font style="font-family:Times New Roman;font-size:10pt;">and comprehensive loss </font><font style="font-family:Times New Roman;font-size:10pt;">as a component of net loss or as a component of comprehensive </font><font style="font-family:Times New Roman;font-size:10pt;">income</font><font style="font-family:Times New Roman;font-size:10pt;"> and as a component of stockholders' equity on the consolidated balance sheets. While management believes its judgments are reasonable, a change in a derivative's effectiveness as a hedge could materially affect expenses, net income and equity.</font></p>
us-gaap Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
none
us-gaap Earnings Per Share Potentially Dilutive Securities
EarningsPerSharePotentiallyDilutiveSecurities
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cik000147620 Class B Units Issued
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CY2013Q2 cik000147620 Fair Value Inputs Discount Rate Minimum Variable Rate Debt
FairValueInputsDiscountRateMinimumVariableRateDebt
0.0245 pure
CY2013Q2 cik000147620 Fair Value Inputs Discount Rate Maximum Variable Rate Debt
FairValueInputsDiscountRateMaximumVariableRateDebt
0.027 pure
CY2013Q2 cik000147620 Fair Value Inputs Discount Rate Fixed Rate Debt
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CY2013Q2 us-gaap Loans Payable Fair Value Disclosure
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CY2013Q2 cik000147620 Secured Credit Facility Fixed Interest Rate
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InterestRateCashFlowHedgeAssetAtFairValue
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BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurred
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cik000147620 Number Of Property Acquisitions
NumberOfPropertyAcquisitions
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BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
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BusinessAcquisitionPurchasePriceAllocationInPlaceLeases
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CY2013Q2 cik000147620 Business Acquisition Purchase Price Allocation Above Market Leases
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AmortizationOfIntangibleAssets
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AmortizationOfIntangibleAssets
599000
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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BusinessAcquisitionsProFormaNetIncomeLoss
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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BusinessAcquisitionsProFormaRevenue
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BusinessAcquisitionsProFormaRevenue
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BusinessAcquisitionsProFormaNetIncomeLoss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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BusinessAcquisitionProFormaEarningsPerShareDiluted
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2013Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
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LeverageRatio
0.221 pure
CY2013Q2 us-gaap Secured Debt
SecuredDebt
210400000
CY2012Q4 us-gaap Secured Debt
SecuredDebt
159000000
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SecuredLineOfCreditFacilityMaximumBorrowingCapacity
265000000
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SecuredLineOfCreditFacilityMaximumPotentialBorrowingCapacity
300000000
CY2012Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1900000
CY2012Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0358 pure
CY2013Q2 cik000147620 Joint Venture Debt
JointVentureDebt
106300000
CY2013Q2 cik000147620 Debt Held Directly
DebtHeldDirectly
99800000
CY2013Q2 cik000147620 Secured Line Of Credit Facility Outstanding Balance
SecuredLineOfCreditFacilityOutstandingBalance
30000000
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21900000
CY2012Q4 cik000147620 Leverage Ratio
LeverageRatio
0.485 pure
CY2012Q2 us-gaap Business Acquisition Cost Of Acquired Entity Liabilities Incurred
BusinessAcquisitionCostOfAcquiredEntityLiabilitiesIncurred
5000000
CY2012Q2 cik000147620 Business Acquisition Cost Of Acquired Entity Fair Value Of Debt Assumed
BusinessAcquisitionCostOfAcquiredEntityFairValueOfDebtAssumed
5200000
CY2013Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
294000
CY2012Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
458000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13000
CY2013Q2 cik000147620 Maximum Loan Capacity
MaximumLoanCapacity
329481000
CY2012Q4 cik000147620 Maximum Loan Capacity
MaximumLoanCapacity
183409000
CY2013Q2 cik000147620 Non Recourse Mortgage Loans Payable
NonRecourseMortgageLoansPayable
76156000
CY2013Q2 cik000147620 Long Term Debt Maturities Repayments Of Principal In Year One
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearOne
22885000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities In Year One
WeightedAverageInterestRateForMaturitiesInYearOne
0.029 pure
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
18283000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities In Year Two
WeightedAverageInterestRateForMaturitiesInYearTwo
0.073 pure
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
49069000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities In Year Three
WeightedAverageInterestRateForMaturitiesInYearThree
0.039 pure
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
24946000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities In Year Four
WeightedAverageInterestRateForMaturitiesInYearFour
0.041 pure
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
77042000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities In Year Five
WeightedAverageInterestRateForMaturitiesInYearFive
0.040 pure
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
13945000
CY2013Q2 cik000147620 Weighted Average Interest Rate For Maturities After Year Five
WeightedAverageInterestRateForMaturitiesAfterYearFive
0.042 pure
CY2013Q2 us-gaap Borrowed Funds
BorrowedFunds
206170000
CY2013Q2 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.042 pure
CY2013Q2 cik000147620 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
374000
CY2012Q2 cik000147620 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
119000
cik000147620 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
698000
cik000147620 Acquired Below Market Lease Intangibles Amortization
AcquiredBelowMarketLeaseIntangiblesAmortization
192000
CY2013Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000
CY2012Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
10000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
10000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
20000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
20000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
20000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
17000
cik000147620 Hedge Ineffectiveness Due To Notional Mismatch
HedgeIneffectivenessDueToNotionalMismatch
16000
CY2013Q2 cik000147620 Hedge Ineffectiveness Due To Notional Mismatch
HedgeIneffectivenessDueToNotionalMismatch
16000
cik000147620 Hedge Ineffectiveness Due To Missed Forecast
HedgeIneffectivenessDueToMissedForecast
6000
CY2013Q2 cik000147620 Hedge Ineffectiveness Due To Missed Forecast
HedgeIneffectivenessDueToMissedForecast
6000
CY2013Q2 cik000147620 Estimated Amounts Reclassified From Aoci To Interest Expense Over Next Twelve Months
EstimatedAmountsReclassifiedFromAociToInterestExpenseOverNextTwelveMonths
300000
CY2012Q2 cik000147620 Acquisition Fees Incurred
AcquisitionFeesIncurred
272000
CY2013Q2 cik000147620 Maximum Distribution Rate For Asset Management Fee Reimbursement Calculation
MaximumDistributionRateForAssetManagementFeeReimbursementCalculation
0.65
CY2013Q2 cik000147620 Asset Management Fees Incurred
AssetManagementFeesIncurred
249000
CY2012Q2 cik000147620 Asset Management Fees Incurred
AssetManagementFeesIncurred
298000
CY2013Q2 cik000147620 Asset Management Fees Waived
AssetManagementFeesWaived
0
CY2012Q2 cik000147620 Asset Management Fees Waived
AssetManagementFeesWaived
160000
cik000147620 Amount Of Gain Loss Reclassified From Aoci Into Interest Expense
AmountOfGainLossReclassifiedFromAociIntoInterestExpense
-81000
CY2013Q2 cik000147620 Amount Of Gain Loss Recognized In Income On Derivative
AmountOfGainLossRecognizedInIncomeOnDerivative
10000
cik000147620 Amount Of Gain Loss Recognized In Income On Derivative
AmountOfGainLossRecognizedInIncomeOnDerivative
10000
CY2013Q2 cik000147620 Organization And Offering Costs Reimbursed To Advisor And Sub Advisor
OrganizationAndOfferingCostsReimbursedToAdvisorAndSubAdvisor
19100000
CY2013Q2 cik000147620 Acquisition Fees Incurred
AcquisitionFeesIncurred
1842000
CY2012Q2 cik000147620 Asset Management Fees Paid By Non Controlling Interests
AssetManagementFeesPaidByNonControllingInterests
138000
CY2013Q2 cik000147620 Subordinated Participation In Net Sales Proceeds Percentage
SubordinatedParticipationInNetSalesProceedsPercentage
0.15 pure
CY2013Q2 cik000147620 Investor Return Before Subordinated Participation In Net Sales Proceeds
InvestorReturnBeforeSubordinatedParticipationInNetSalesProceeds
0.07 pure
CY2013Q2 cik000147620 Advisor Interest In Special Limited Partner
AdvisorInterestInSpecialLimitedPartner
0.15 pure
CY2013Q2 cik000147620 Sub Advisor Interest In Special Limited Partner
SubAdvisorInterestInSpecialLimitedPartner
0.85 pure
CY2013Q2 cik000147620 Subordinated Incentive Listing Fee Percentage
SubordinatedIncentiveListingFeePercentage
0.15 pure
CY2013Q2 cik000147620 Investor Return Before Subordinated Listing Incentive Fee
InvestorReturnBeforeSubordinatedListingIncentiveFee
0.07 pure
CY2013Q2 cik000147620 Subordinated Distribution Upon Termination Of Advisor Agreement Percentage
SubordinatedDistributionUponTerminationOfAdvisorAgreementPercentage
0.15 pure
CY2013Q2 cik000147620 Investor Return Before Subordinated Distribution Upon Termination Of Advisor Agreement
InvestorReturnBeforeSubordinatedDistributionUponTerminationOfAdvisorAgreement
0.07 pure
CY2013Q2 cik000147620 Operating Partnership Return For Class B To Vest
OperatingPartnershipReturnForClassBToVest
0.06 pure
CY2013Q2 cik000147620 Organization And Offering Costs Charged By Advisor And Sub Advisor
OrganizationAndOfferingCostsChargedByAdvisorAndSubAdvisor
20500000
CY2013Q2 cik000147620 Amount Of Gain Loss Recognized In Oci On Derivative
AmountOfGainLossRecognizedInOciOnDerivative
973000
cik000147620 Amount Of Gain Loss Recognized In Oci On Derivative
AmountOfGainLossRecognizedInOciOnDerivative
890000
CY2013Q2 cik000147620 Amount Of Gain Loss Reclassified From Aoci Into Interest Expense
AmountOfGainLossReclassifiedFromAociIntoInterestExpense
-81000
CY2013Q2 cik000147620 Asset Management Fees Paid By Non Controlling Interests
AssetManagementFeesPaidByNonControllingInterests
249000
CY2013Q2 cik000147620 Financing Fees Incurred
FinancingFeesIncurred
137000
CY2012Q2 cik000147620 Financing Fees Incurred
FinancingFeesIncurred
78000
us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.045 pure
CY2013Q2 cik000147620 Property Management Oversight Fee Percent
PropertyManagementOversightFeePercent
0.01 pure
CY2013Q2 cik000147620 Acquisition Fee Percentage
AcquisitionFeePercentage
0.01 pure
CY2013Q2 cik000147620 Financing Fee Percentage
FinancingFeePercentage
0.0075 pure
CY2013Q2 cik000147620 Disposition Fee Percentage
DispositionFeePercentage
0.02 pure
CY2013Q1 cik000147620 Class B Units Issued
ClassBUnitsIssued
59245 shares
CY2013Q2 cik000147620 Class B Units Issued
ClassBUnitsIssued
104372 shares
cik000147620 Offering Costs Paid By Sub Advisor Maximum Reimbursement Percentage
OfferingCostsPaidBySubAdvisorMaximumReimbursementPercentage
0.015 pure
CY2013Q2 cik000147620 Asset Management Fee Percentage
AssetManagementFeePercentage
0.0008333 pure
cik000147620 Acquisition Fees Incurred
AcquisitionFeesIncurred
3490000
cik000147620 Class B Distributions
ClassBDistributions
28000
CY2012Q4 cik000147620 Organization And Offering Costs Charged By Advisor And Sub Advisor
OrganizationAndOfferingCostsChargedByAdvisorAndSubAdvisor
7200000
CY2012Q4 cik000147620 Organization And Offering Costs Reimbursed To Advisor And Sub Advisor
OrganizationAndOfferingCostsReimbursedToAdvisorAndSubAdvisor
4200000
cik000147620 Acquisition Fees Incurred
AcquisitionFeesIncurred
336000
CY2013Q2 cik000147620 Acquisition Fees Payable
AcquisitionFeesPayable
0
CY2013Q2 cik000147620 Class B Distributions
ClassBDistributions
24000
cik000147620 Asset Management Fees Paid By Non Controlling Interests
AssetManagementFeesPaidByNonControllingInterests
237000
cik000147620 Asset Management Fees Paid By Non Controlling Interests
AssetManagementFeesPaidByNonControllingInterests
498000
cik000147620 Asset Management Fees Waived
AssetManagementFeesWaived
278000
cik000147620 Asset Management Fees Waived
AssetManagementFeesWaived
0
CY2013Q2 cik000147620 Asset Management Fees Payable
AssetManagementFeesPayable
249000
CY2012Q4 cik000147620 Asset Management Fees Payable
AssetManagementFeesPayable
248000
CY2012Q2 cik000147620 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
1139000
CY2012Q2 cik000147620 Dealer Manager Selling Commissions Reallowed
DealerManagerSellingCommissionsReallowed
1139000
CY2013Q2 cik000147620 Other Property Manager Fees And Reimbursements Incurred
OtherPropertyManagerFeesAndReimbursementsIncurred
144000
CY2013Q2 cik000147620 Property Manager Fees And Reimbursements Incurred
PropertyManagerFeesAndReimbursementsIncurred
1051000
CY2012Q2 cik000147620 Property Management Fees Incurred
PropertyManagementFeesIncurred
125000
CY2012Q2 cik000147620 Leasing Commissions Incurred
LeasingCommissionsIncurred
43000
CY2012Q2 cik000147620 Construction Management Fees Incurred
ConstructionManagementFeesIncurred
2000
CY2012Q2 cik000147620 Other Property Manager Fees And Reimbursements Incurred
OtherPropertyManagerFeesAndReimbursementsIncurred
34000
CY2012Q2 cik000147620 Property Manager Fees And Reimbursements Incurred
PropertyManagerFeesAndReimbursementsIncurred
204000
CY2013Q2 cik000147620 Property Management Fees Payable
PropertyManagementFeesPayable
199000
CY2013Q2 cik000147620 Leasing Commissions Payable
LeasingCommissionsPayable
69000
CY2013Q2 cik000147620 Construction Management Fees Payable
ConstructionManagementFeesPayable
15000
CY2012Q2 cik000147620 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
397000
CY2012Q2 cik000147620 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
121000
CY2013Q2 cik000147620 Minimum Percentage Of Shares Owned By Sub Advisor
MinimumPercentageOfSharesOwnedBySubAdvisor
0.001 pure
CY2013Q2 cik000147620 Sub Advisor Share Purchase Price
SubAdvisorSharePurchasePrice
9.00
CY2013Q2 cik000147620 Shares Owned By Sub Advisor
SharesOwnedBySubAdvisor
57640 shares
CY2013Q2 cik000147620 Property Management Fees Incurred
PropertyManagementFeesIncurred
575000
CY2013Q2 cik000147620 Leasing Commissions Incurred
LeasingCommissionsIncurred
279000
CY2013Q2 cik000147620 Construction Management Fees Incurred
ConstructionManagementFeesIncurred
53000
CY2013Q2 cik000147620 Other Fees And Reimbursements Payable To Property Manager
OtherFeesAndReimbursementsPayableToPropertyManager
-284000
CY2013Q2 cik000147620 Property Manager Fees And Reimbursements Payable
PropertyManagerFeesAndReimbursementsPayable
-1000
CY2012Q4 cik000147620 Property Management Fees Payable
PropertyManagementFeesPayable
112000
CY2012Q4 cik000147620 Leasing Commissions Payable
LeasingCommissionsPayable
96000
CY2012Q4 cik000147620 Construction Management Fees Payable
ConstructionManagementFeesPayable
18000
CY2012Q4 cik000147620 Other Fees And Reimbursements Payable To Property Manager
OtherFeesAndReimbursementsPayableToPropertyManager
-20000
CY2012Q4 cik000147620 Property Manager Fees And Reimbursements Payable
PropertyManagerFeesAndReimbursementsPayable
206000
CY2013Q2 cik000147620 Dealer Manager Fee Percentage
DealerManagerFeePercentage
0.03 pure
CY2013Q2 cik000147620 Dealer Manager Selling Commission Percentage
DealerManagerSellingCommissionPercentage
0.07 pure
cik000147620 Percentage Of Dealer Manager Selling Commissions Typically Reallowed
PercentageOfDealerManagerSellingCommissionsTypicallyReallowed
1 pure
CY2013Q2 cik000147620 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
20662000
CY2013Q2 cik000147620 Dealer Manager Selling Commissions Reallowed
DealerManagerSellingCommissionsReallowed
20662000
CY2013Q2 cik000147620 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
8672000
CY2013Q2 cik000147620 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
3218000
CY2013Q2 cik000147620 Percentage Of Shares Owned By Sub Advisor
PercentageOfSharesOwnedBySubAdvisor
0.001 pure
CY2012Q4 cik000147620 Shares Owned By Sub Advisor
SharesOwnedBySubAdvisor
23061 shares
CY2012Q4 cik000147620 Percentage Of Shares Owned By Sub Advisor
PercentageOfSharesOwnedBySubAdvisor
0.0017 pure
cik000147620 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
26261000
CY2013Q2 cik000147620 Contributions From Sponsors Since Inception
ContributionsFromSponsorsSinceInception
228000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
45186000
cik000147620 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
11214000
cik000147620 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
4204000
cik000147620 Dealer Manager Selling Commissions Incurred
DealerManagerSellingCommissionsIncurred
1989000
cik000147620 Dealer Manager Selling Commissions Reallowed
DealerManagerSellingCommissionsReallowed
1989000
cik000147620 Dealer Manager Fees Incurred
DealerManagerFeesIncurred
652000
cik000147620 Dealer Manager Fees Reallowed
DealerManagerFeesReallowed
210000
CY2013Q2 cik000147620 Organization And Offering Costs Payable To Advisor And Sub Advisor
OrganizationAndOfferingCostsPayableToAdvisorAndSubAdvisor
1417000
CY2013Q2 cik000147620 General And Administrative Expenses Of Company Paid By Sponsor
GeneralAndAdministrativeExpensesOfCompanyPaidBySponsor
31000
CY2013Q2 cik000147620 Asset Management Property Management And Other Fees Payable
AssetManagementPropertyManagementAndOtherFeesPayable
273000
CY2012Q4 cik000147620 General And Administrative Expenses Of Company Paid By Sponsor
GeneralAndAdministrativeExpensesOfCompanyPaidBySponsor
2000
CY2012Q4 cik000147620 Asset Management Property Management And Other Fees Payable
AssetManagementPropertyManagementAndOtherFeesPayable
645000
CY2012Q4 cik000147620 Organization And Offering Costs Payable To Advisor And Sub Advisor
OrganizationAndOfferingCostsPayableToAdvisorAndSubAdvisor
2987000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
27723000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
54177000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
49750000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
40090000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
327266000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
544192000

Files In Submission

Name View Source Status
0001476204-13-000070-index-headers.html Edgar Link pending
0001476204-13-000070-index.html Edgar Link pending
0001476204-13-000070.txt Edgar Link pending
0001476204-13-000070-xbrl.zip Edgar Link pending
10Q_Q22013-Exhibit1.htm Edgar Link pending
10Q_Q22013-Exhibit2.htm Edgar Link pending
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cik000147620-20130630.xml Edgar Link completed
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