XML 80 R65.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures - Schedules of Combined Financial Statements for the Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Assets (1)      
Commercial real estate property, net $ 6,828,550   $ 7,906,006
Cash and cash equivalents 288,808 $ 468,035 127,888
Tenant and other receivables, related party receivables, and deferred rents receivable, net of allowance 49,552   57,644
Other assets 360,556   310,688
Liabilities and equity (1)      
Mortgages and other loans payable, net 2,433,994   2,837,282
Deferred revenue/gain 177,896   208,119
Other liabilities 103,654   188,005
Company's investments in unconsolidated joint ventures 3,034,596   2,362,989
Combined statements of income for the unconsolidated joint ventures      
Operating expenses 59,782 74,506  
Ground rent 8,308 8,308  
Real estate taxes 45,661 61,068  
Interest expense, net of interest income 47,916 65,622  
Amortization of deferred financing costs 3,537 4,761  
Transaction related costs 162 133  
Depreciation and amortization 69,388 94,134  
Total expenses 258,282 332,675  
Company's equity in net income from unconsolidated joint ventures (1) 4,036 6,614  
Joint venture      
Investment in Unconsolidated Joint Ventures      
Management fees, base revenue 3,800 5,400  
Assets (1)      
Commercial real estate property, net 14,652,483   12,822,133
Cash and cash equivalents 452,648   494,909
Tenant and other receivables, related party receivables, and deferred rents receivable, net of allowance 359,396   349,944
Debt and preferred equity investments, net 103,379   202,539
Other assets 2,361,367   1,407,806
Total assets 17,929,273   15,277,331
Liabilities and equity (1)      
Mortgages and other loans payable, net 9,876,879   9,412,101
Deferred revenue/gain 1,911,564   985,648
Other liabilities 493,369   411,053
Members' equity 5,647,461   4,468,529
Total liabilities and members' equity 17,929,273   15,277,331
Company's investments in unconsolidated joint ventures 3,034,596   $ 2,362,989
Combined statements of income for the unconsolidated joint ventures      
Total revenues 320,941 216,521  
Operating expenses 59,773 38,794  
Ground rent 4,393 4,251  
Real estate taxes 57,027 34,939  
Interest expense, net of interest income 89,741 55,328  
Amortization of deferred financing costs 5,116 6,505  
Transaction related costs 0 89  
Depreciation and amortization 105,080 71,164  
Total expenses 321,130 211,070  
Net (loss) income before gain on sale (1) (189) 5,451  
Company's equity in net income from unconsolidated joint ventures (1) $ 4,036 $ 6,614