XML 59 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2016
Entity Information [Line Items]  
Dividends Declared [Table Text Block]
The following table presents Boston Properties, Inc.’s dividends per share and Boston Properties Limited Partnership’s distributions per OP Unit and LTIP Unit paid or payable in 2016:
Record Date
 
Payment Date
 
Dividend (Per Share)

 
Distribution (Per Unit)

 
December 30, 2016
 
January 30, 2017
 

$0.75

 

$0.75

 
September 30, 2016
 
October 31, 2016
 
0.65

 
0.65

 
June 30, 2016
 
July 29, 2016
 
0.65

 
0.65

 
March 31, 2016
 
April 29, 2016
 
0.65

 
0.65

 
December 31, 2015
 
January 28, 2016
 
1.90

(1)
1.90

(1)
_______________
(1)
Includes a special dividend/distribution of $1.25 per share/OP Unit and LTIP Unit.
Schedule of Redeemable Interest in Property Partnerships [Table Text Block]
The following table reflects the activity of the noncontrolling interest—redeemable interest in property partnership in the Company’s Fountain Square consolidated entity for the years ended December 31, 2015 and 2013 (in thousands):
Balance at December 31, 2013
$
99,609

Net loss
(603
)
Distributions
(6,000
)
Adjustment to reflect redeemable interest at redemption value
11,686

Balance at December 31, 2014
104,692

Net loss
(7
)
Distributions
(2,900
)
Adjustment to reflect redeemable interest at redemption value
5,128

Acquisition of interest
(106,913
)
Balance at December 31, 2015
$

Schedule Of Noncontrolling Interest Property Partnerships [Table Text Block]
The following table reflects the activity of the noncontrolling interests—property partnerships for the years ended December 31, 2016, 2015 and 2014 (in thousands):
Balance at December 31, 2013
$
726,132

Capital contributions
887,975

Net income
19,478

Distributions
(31,118
)
Balance at December 31, 2014
1,602,467

Capital contributions
3,758

Dissolution
(4,082
)
Net income
144,734

Accumulated other comprehensive loss
(2,428
)
Distributions
(170,049
)
Balance at December 31, 2015
1,574,400

Capital contributions
10,756

Net loss
(2,068
)
Accumulated other comprehensive loss
(877
)
Distributions
(51,564
)
Balance at December 31, 2016
$
1,530,647

Boston Properties, Inc. [Member]  
Entity Information [Line Items]  
Schedule Of Redeemable Preferred Units of the Operating Partnership
The following table reflects the activity of the noncontrolling interests—redeemable preferred units of Boston Properties, Inc. for the years ended December 31, 2015 and 2014 (in thousands): 
Balance at December 31, 2013
$
51,312

Net income
1,023

Distributions
(1,023
)
Redemption of redeemable preferred units (Series Four Preferred Units)
(17,373
)
Conversion of redeemable preferred units (Series Two Preferred Units) to common units
(33,306
)
Balance at December 31, 2014
633

Net income
6

Distributions
(6
)
Redemption of redeemable preferred units (Series Four Preferred Units)
(633
)
Balance at December 31, 2015
$

Boston Properties Limited Partnership  
Entity Information [Line Items]  
Schedule Of Redeemable Preferred Units of the Operating Partnership
The following table reflects the activity of the noncontrolling interests—redeemable preferred units of Boston Properties Limited Partnership for the years ended December 31, 2015 and 2014 (in thousands):
Balance at December 31, 2013
$
105,746

Net income
1,023

Distributions
(1,023
)
Redemption of redeemable preferred units (Series Four Preferred Units)
(17,373
)
Reallocation of partnership interest (1)
(87,740
)
Balance at December 31, 2014
633

Net income
6

Distributions
(6
)
Redemption of redeemable preferred units (Series Four Preferred Units)
(633
)
Balance at December 31, 2015
$

_____________
(1)
Includes the conversion of 666,116 Series Two Preferred Units into 874,168 OP Units during the year ended December 31, 2014.
Schedule Of Noncontrolling Interest Common Units [Table Text Block]
The following table reflects the activity of noncontrolling interests—redeemable common units of Boston Properties Limited Partnership for the years ended December 31, 2016, 2015 and 2014 (in thousands):
Balance at December 31, 2013
$
1,710,218

Contributions
23,990

Net income
50,862

Distributions
(126,948
)
Conversion of redeemable partnership units
(2,700
)
Unearned compensation
(2,813
)
Other comprehensive income
256

Adjustment to reflect redeemable partnership units at redemption value
657,181

Balance at December 31, 2014
2,310,046

Contributions
39,030

Net income
66,951

Distributions
(69,447
)
Conversion of redeemable partnership units
(14,343
)
Unearned compensation
(4,579
)
Other comprehensive loss
(554
)
Adjustment to reflect redeemable partnership units at redemption value
(40,415
)
Balance at December 31, 2015
2,286,689

Contributions
31,395

Net income
59,260

Distributions
(49,087
)
Conversion of redeemable partnership units
(6,461
)
Unearned compensation
(3,464
)
Other comprehensive loss
(4,379
)
Adjustment to reflect redeemable partnership units at redemption value
(51,913
)
Balance at December 31, 2016
$
2,262,040

Noncontrolling Interests [Member]  
Entity Information [Line Items]  
Dividends Declared [Table Text Block]
The following table presents Boston Properties Limited Partnership’s distributions on the OP Units and LTIP Units (including the 2012 OPP Units and, after the February 4, 2016 measurement date, the 2013 MYLTIP Units) and its distributions on the 2013 MYLTIP Units (prior to the February 4, 2016 measurement date), 2014 MYLTIP Units, 2015 MYLTIP Units and 2016 MYLTIP Units (after the February 10, 2016 issuance date) paid in 2016:
Record Date
 
Payment Date
 
Distributions per OP Unit and LTIP Unit
 
Distributions per MYLTIP Unit
December 30, 2016
 
January 30, 2017
 

$0.75

 

$0.075

September 30, 2016
 
October 31, 2016
 

$0.65

 

$0.065

June 30, 2016
 
July 29, 2016
 

$0.65

 

$0.065

March 31, 2016
 
April 29, 2016
 

$0.65

 

$0.065

December 31, 2015
 
January 28, 2016
 

$1.90

(1)

$0.065

_______________
(1)
Includes a special distribution of $1.25 per unit.