Investments in real estate, net (Tables)

6 Months Ended

Jun. 30, 2014

Real Estate [Abstract]

Investments in real estate

Investments in real estate

Our investments in real estate, consisted of the following as of June 30, 2014, and December 31, 2013 (in thousands):

	June 30, 2014			December 31, 2013
Rental properties	$	6,668,458		$	6,442,208
Less: accumulated depreciation	(1,039,810		)	(952,106		)
Rental properties, net	5,628,648			5,490,102
Construction in progress (“CIP”)/current value-creation projects:
Current development in North America	613,104			558,482
Current redevelopment in North America	32,139			8,856
Current development in Asia	60,944			60,928
	706,187			628,266
	6,334,835			6,118,368
Near-term value-creation projects in North America (CIP):
50, 60, and 100 Binney Street	294,048			284,672
Other projects	108,790			97,617
	402,838			382,289
Future value-creation projects:
North America	205,421			176,063
Asia	79,328			77,251
	284,749			253,314
Land subject to sale negotiations	7,695			22,943
Investments in real estate	$	7,030,117		$	6,776,914