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Investments in Unconsolidated Joint Ventures - Schedules of Combined Financial Statements for the Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Assets        
Commercial real estate property, net $ 5,114,449   $ 5,020,789  
Cash and restricted cash 196,035 $ 158,937 221,823  
Tenant and other receivables, related party receivables, and deferred rents receivable 38,659   33,270  
Other assets 533,802   413,670  
Total assets [1] 9,764,292   9,531,181  
Liabilities and equity        
Mortgages and other loans payable, net 1,695,163   1,491,319  
Lease liability - operating leases 823,594   827,692  
Other liabilities 437,302   471,401  
Equity 3,803,648 4,529,174 3,855,925 $ 4,646,922
Total liabilities and equity 9,764,292   9,531,181  
Company's investments in unconsolidated joint ventures 2,984,786   2,983,313  
Investments difference between carrying amount and underlying equity 548,200      
Combined statements of income for the unconsolidated joint ventures        
Total revenues 187,882 245,764    
Operating expenses 43,608 52,064    
Real estate taxes 31,606 41,383    
Operating lease rent 6,405 6,301    
Interest expense, net of interest income 31,173 41,653    
Amortization of deferred financing costs 1,539 2,021    
Depreciation and amortization 48,584 78,782    
Total expenses 204,807 275,218    
Net income (loss) 18,389 (38,357)    
Company's equity in net income (loss) from unconsolidated joint ventures 111,160 (7,412)    
Joint venture        
Assets        
Commercial real estate property, net 18,024,642   18,467,340  
Cash and restricted cash 608,462   656,038  
Tenant and other receivables, related party receivables, and deferred rents receivable 634,813   673,532  
Other assets 2,538,878   2,584,765  
Total assets 21,806,795   22,381,675  
Liabilities and equity        
Mortgages and other loans payable, net 13,824,249   14,799,277  
Deferred revenue 1,070,740   1,108,180  
Lease liability - operating leases 987,299   990,276  
Other liabilities 430,533   447,705  
Equity 5,493,974   5,036,237  
Total liabilities and equity 21,806,795   $ 22,381,675  
Company's investments in unconsolidated joint ventures 2,984,786      
Combined statements of income for the unconsolidated joint ventures        
Total revenues 365,339 389,452    
Operating expenses 65,750 61,968    
Real estate taxes 75,632 65,740    
Operating lease rent 9,025 7,181    
Interest expense, net of interest income 149,854 129,477    
Amortization of deferred financing costs 6,072 7,045    
Depreciation and amortization 134,178 125,266    
Total expenses 440,511 396,677    
Gain on early extinguishment of debt 172,519 0    
Net income (loss) 97,347 (7,225)    
Company's equity in net income (loss) from unconsolidated joint ventures $ 111,160 $ (7,412)    
[1]
(1) The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $120.4 million and $41.2 million of land, $81.3 million and $40.5 million of building and improvements, $— million and $— million of building and leasehold improvements, $— million and $— million of right of use assets, $5.7 million and $5.4 million of accumulated depreciation, $785.1 million and $676.9 million of other assets included in other line items, $254.3 million and $50.0 million of real estate debt, net, $2.7 million and $0.9 million of accrued interest payable, $— million and $— million of lease liabilities, and $332.5 million and $306.5 million of other liabilities included in other line items as of March 31, 2024 and December 31, 2023, respectively.