XML 95 R63.htm IDEA: XBRL DOCUMENT v2.4.0.6
Debt and Preferred Equity Investments (Details) (USD $)
12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2011
sqft
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Dec. 31, 2011
Debt investment
Dec. 31, 2010
Debt investment
Dec. 31, 2011
Other loan with an initial maturity of September 2021
Dec. 31, 2010
Other loan with an initial maturity of September 2021
Dec. 31, 2011
Mortgage/Mezzanine loan with an initial maturity date of February 2016
Dec. 31, 2010
Mortgage/Mezzanine loan with an initial maturity date of February 2016
Dec. 31, 2011
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2010
Mortgage/Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of November 2016
Dec. 31, 2010
Mezzanine loan with an initial maturity date of November 2016
Feb. 28, 2011
Mezzanine loan sold in February 2011
Dec. 31, 2010
Mezzanine loan sold in February 2011
May 31, 2011
Mezzanine Loan.
sqft
Dec. 31, 2010
Mezzanine Loan.
Dec. 31, 2011
Junior participation with an initial maturity of April 2008
Dec. 31, 2010
Junior participation with an initial maturity of April 2008
Dec. 31, 2011
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Dec. 31, 2010
Mortgage/Mezzanine loan with an initial maturity date of March 2017
Dec. 31, 2011
Junior participation with an initial maturity date of November 2012
Dec. 31, 2010
Junior participation with an initial maturity date of November 2012
Dec. 31, 2011
Junior participation with an initial maturity date of June 2012
Dec. 31, 2010
Junior participation with an initial maturity date of June 2012
Dec. 31, 2010
Junior participation with an initial maturity date of December 2010
May 31, 2011
Junior participation sold in May 2011
Dec. 31, 2010
Junior participation sold in May 2011
Dec. 31, 2010
Mezzanine loan repaid in March 2011
Jan. 31, 2011
Junior participation sold in January 2011
Dec. 31, 2010
Junior participation sold in January 2011
Dec. 31, 2010
Junior participation with an initial maturity date of October 2011
Mar. 31, 2011
Mezzanine loan
Dec. 31, 2010
Mezzanine loan
Dec. 31, 2011
Mezzanine loan with an initial maturity date of July 2013
Nov. 30, 2011
Mezzanine loan with an initial maturity date of July 2013
Dec. 31, 2010
Mezzanine loan with an initial maturity date of July 2013
Dec. 31, 2011
Mortgage with an initial maturity date of June 2012
Dec. 31, 2010
Mortgage with an initial maturity date of June 2012
Jun. 30, 2011
Mortgage with an initial maturity date of February 2013
Dec. 31, 2011
Mortgage with an initial maturity date of February 2013
Sep. 30, 2011
Mortgage with an initial maturity date of February 2013
Dec. 31, 2010
Mortgage with an initial maturity date of February 2013
Dec. 31, 2011
Mezzanine loan with an initial maturity date of August 2012
Dec. 31, 2010
Mezzanine loan with an initial maturity date of August 2012
Dec. 31, 2010
Mezzanine loan with an initial maturity date of February 2014
Dec. 31, 2011
Mezzanine loan with an initial maturity date of May 2016
Dec. 31, 2011
Junior participation with an initial maturity date of June 2016
Dec. 31, 2011
Mezzanine loan with an initial maturity date of August 2014
Dec. 31, 2011
Mezzanine loan with an initial maturity date of July 2016
Dec. 31, 2011
Other Loan with an initial maturity of May 2012
Dec. 31, 2011
Mezzanine Loan with initial maturity date of October 2016
Dec. 31, 2011
Mezzanine Loan with initial maturity date of January 2015
Dec. 31, 2011
Mezzanine Loan with initial maturity date of July 2012
Debt and Preferred Equity Investments                                                                                                              
Increase in debt and preferred equity investments (net of discounts), including investments classified as held-for-sale $ 622,500,000 $ 520,700,000                                                                                                          
Decrease in debt and preferred equity investments (net of discounts), including investments classified as held-for-sale 600,300,000 342,500,000                                                                                                          
Debt investment                                                                                                              
Aggregate weighted average current yield (as a percent)         7.50% 7.50%                                                                                                  
Senior Financing         3,856,292,000   15,000,000   205,000,000   171,549,000   165,000,000               1,109,000,000   53,000,000   61,250,000                     75,000,000           28,500,000     796,693,000     177,000,000 133,000,000 170,000,000 55,000,000 48,300,000 81,000,000 45,000,000 467,000,000
Amount Outstanding, Net of Discounts             3,500,000 3,500,000 64,973,000 60,407,000 46,416,000 46,358,000 40,375,000 39,711,000   27,187,000   15,697,000 8,725,000 9,938,000 108,817,000 84,062,000 11,000,000 11,000,000 10,875,000 10,875,000 5,866,000   47,484,000 137,222,000   42,439,000 9,200,000   202,136,000 7,650,000   15,000,000 86,339,000 86,339,000   3,000,000   26,000,000 8,392,000 13,536,000 38,892,000 17,112,000   60,000,000 35,000,000 3,196,000      
Amount Outstanding, Net of Discounts 985,942,000 963,772,000     620,932,000 892,388,000                                                                                     49,000,000       34,940,000 10,000,000 30,747,000
Loan Participation Amount included in Other assets & Other liabilities                                                                         7,400,000           28,500,000                        
Loan loss reserve (50,175,000) (61,361,000) (93,844,000) (98,916,000) (19,125,000) (40,461,000)                                                                                                  
Realized additional income upon sale or disposal of loan                             6,200,000                         1,200,000     1,300,000     38,700,000                                          
Pari passu interest in the loan of another participant                                     12,200,000                                                                        
Proceeds from sale of loan                                                       35,800,000                                                      
Ownership interest in consolidated joint venture holding the debt investment (as a percent)                                                                             88.00%                                
Interest in property (as a percent)                                                                   50.00%                                          
Contribution of debt investment to a newly formed joint venture 286,571,000                                                                 286,600,000                                          
Net proceeds from disposition of real estate/joint venture interest 160,548,000 623,121,000 27,946,000                                                             111,300,000                                          
Mortgage loan assumed by joint venture 30,000,000                                                                 30,000,000                                          
Interest rate on mortgage loan assumed by joint venture (as a percent)                                                                   1.16%                                          
Additional funding provided                                                                                 5,500,000                            
Area of property (in square feet) 31,426,318                               205,000                                                                            
Value of mortgage                                                                         15,000,000           31,500,000                        
Additional commitments to fund in connection with loan                                                                                                         $ 15,000,000