Investments in real estate, net (Tables)

9 Months Ended

Sep. 30, 2014

Real Estate [Abstract]

Investments in real estate

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

	September 30, 2014			December 31, 2013
Rental properties	$	6,849,966		$	6,442,208
CIP/current value-creation projects:
Current development in North America	532,053			511,838
Current redevelopment in North America	32,661			8,856
Current development in Asia	35,602			60,928
	600,316			581,622
Near-term value-creation projects in North America (CIP):
50, 60, and 100 Binney Street	313,379			284,672
Other projects	90,843			97,617
	404,222			382,289
Future value-creation projects:
North America	221,572			176,063
Asia	78,319			77,251
	299,891			253,314
Land under sales contract	12,236			22,943
Near-term and future value-creation projects	716,349			658,546
Gross investments in real estate	8,166,631			7,682,376
Less: accumulated depreciation	(1,083,169		)	(952,106		)
Equity method of accounting – unconsolidated JV	114,168			46,644
Investments in real estate	$	7,197,630		$	6,776,914