XML 54 R36.htm IDEA: XBRL DOCUMENT v3.4.0.3
Investments in Unconsolidated Joint Ventures (Balance Sheets of the Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Real estate and development in process, net $ 15,569,424 $ 15,555,641
Liabilities and Members'/Partners' Equity [Abstract]    
Mortgage notes payable, net 3,416,622 3,435,242
Other Liabilities 498,290 483,601
Total liabilities and equity / capital 19,175,830 18,351,486
Carrying value of the Company's investments in unconsolidated joint ventures 235,904 235,224
Unconsolidated Joint Ventures [Member]    
ASSETS    
Real estate and development in process, net 1,041,533 1,072,412
Other assets 225,200 252,285
Total assets 1,266,733 1,324,697
Liabilities and Members'/Partners' Equity [Abstract]    
Mortgage notes payable, net 829,089 830,125
Other Liabilities 38,920 44,549
Members'/Partners' equity 398,724 450,023
Total liabilities and equity / capital 1,266,733 1,324,697
Company's share of equity 238,166 237,070
Basis differentials [1] (26,855) (27,047)
Carrying value of the Company's investments in unconsolidated joint ventures [2],[3] 211,311 210,023
Unconsolidated Joint Ventures [Member]    
Liabilities and Members'/Partners' Equity [Abstract]    
Carrying value of the Company's investments in unconsolidated joint ventures $ (24,600) $ (25,200)
[1] (1)This amount represents the aggregate difference between the Company’s historical cost basis and the basis reflected at the joint venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials occur from impairment of investments and upon the transfer of assets that were previously owned by the Company into a joint venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the joint venture level.
[2] (2)Investments with deficit balances aggregating approximately $24.6 million and $25.2 million at March 31, 2016 and December 31, 2015, respectively, have been reflected within Other Liabilities on the Company’s Consolidated Balance Sheets.
[3] Investments with deficit balances aggregating approximately $24.6 million and $25.2 million at March 31, 2016 and December 31, 2015, respectively, have been reflected within Other Liabilities on the Company’s Consolidated Balance Sheets.