XML 30 R40.htm IDEA: XBRL DOCUMENT v3.20.1
Investment in unconsolidated Joint Ventures (Narrative) (Details)
$ in Thousands
3 Months Ended
Mar. 18, 2020
USD ($)
ft²
Jan. 28, 2020
USD ($)
ft²
Buildings
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Feb. 20, 2020
USD ($)
ft²
a
Dec. 31, 2019
USD ($)
Schedule of Equity Method Investments [Line Items]            
Mortgage notes payable, net     $ 2,919,157     $ 2,922,408
Payments to Acquire Equity Method Investments     $ 89,997 $ 26,995    
Gateway Commons Complex [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   50.00% 50.00% [1]      
number of buildings | Buildings   3        
Net Rentable Area (in sf) | ft²   768,000        
Payments to Acquire Equity Method Investments   $ 350,000        
Platform 16            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   55.00% 55.00% [2]      
Net Rentable Area (in sf) | ft²   390,000     1,100,000  
Finance Lease fixed purchase price         $ 134,800  
Prepaid purchase price         $ 15,000  
Area of Land | a         5.6  
Annapolis Junction Building Seven and Eight [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage 50.00%          
Mortgage notes payable, net $ 34,600          
Debt Instrument, Basis Spread on Variable Rate 2.35%          
Annapolis Junction Building Seven [Member]            
Schedule of Equity Method Investments [Line Items]            
Net Rentable Area (in sf) | ft² 127,000          
Annapolis Junction Building Eight [Member]            
Schedule of Equity Method Investments [Line Items]            
Net Rentable Area (in sf) | ft² 126,000          
Gateway Commons Complex prior to deferred contribution [Member] [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   55.00%        
Gateway Commons Complex Future Development[Member] [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   49.00%        
Joint Venture Partner [Member] | Gateway Commons Complex [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   50.00%        
number of buildings | Buildings   3        
Net Rentable Area (in sf) | ft²   768,000        
Payments to Acquire Equity Method Investments   $ 280,800        
Future payment to acquire interest in equity method investment   $ 69,200        
Joint Venture Partner [Member] | Gateway Commons Complex Future Development[Member] [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership Percentage   51.00%        
[1]
As a result of the partner’s deferred contribution, the Company has an initial approximately 55% interest in the joint venture. Future development projects will be owned 49% by the Company and 51% by its partner.
[2]
This entity is a VIE (See Note 2).