XML 70 R60.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information - Schedule of Financial Information of Business Segments (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Segment Reporting Information [Line Items]          
Investment in unconsolidated real estate ventures $ 99,576   $ 99,576   $ 103,007
Total assets 6,458,998   6,458,998   6,071,407
Total revenues 244,273 $ 185,860 473,676 $ 359,014  
Operating expenses, including depreciation and amortization 133,971 104,253 269,746 201,971  
Income (loss) from operations 110,302 81,607 203,930 157,043  
Gain on real estate transactions and earnout from prior acquisition 11,358 400 9,814 400  
Interest expense (32,802) (22,811) (64,161) (44,242)  
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,240) (696) (2,473) (1,393)  
Interest income 1,625 428 3,339 1,284  
Interest income on note receivable from Preferred Operating Partnership unit holder 1,212 1,212 2,425 2,425  
Equity in earnings of unconsolidated real estate ventures 3,358 3,001 6,188 5,651  
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of partners' interests 0 0 26,923 2,857  
Income tax (expense) benefit (3,773) (2,185) (6,538) (4,433)  
Net income (loss) 90,040 60,956 179,447 119,592  
Depreciation and amortization expense 43,950 31,552 86,847 61,980  
Acquisition of real estate assets     (435,298) (240,892)  
Development and redevelopment of real estate assets     (14,400) (9,926)  
Rental Operations [Member]          
Segment Reporting Information [Line Items]          
Investment in unconsolidated real estate ventures 99,576   99,576   103,007
Total assets 6,130,870   6,130,870   5,674,030
Total revenues 211,791 161,024 411,279 309,918  
Operating expenses, including depreciation and amortization 104,161 77,326 205,859 152,835  
Income (loss) from operations 107,630 83,698 205,420 157,083  
Interest expense (31,941) (22,703) (62,506) (43,860)  
Equity in earnings of unconsolidated real estate ventures 3,358 3,001 6,188 5,651  
Income tax (expense) benefit (445) (325) (1,290) (1,079)  
Net income (loss) 78,602 63,671 147,812 117,795  
Depreciation and amortization expense 41,731 29,117 82,317 57,382  
Tenant Reinsurance [Member]          
Segment Reporting Information [Line Items]          
Total assets 38,749   38,749   37,696
Total revenues 21,654 17,340 42,209 33,850  
Operating expenses, including depreciation and amortization 3,941 3,283 8,252 6,211  
Income (loss) from operations 17,713 14,057 33,957 27,639  
Interest income 3 4 6 8  
Income tax (expense) benefit (3,185) (2,429) (5,848) (4,303)  
Net income (loss) 14,531 11,632 28,115 23,344  
Property Management, Acquisition and Development [Member]          
Segment Reporting Information [Line Items]          
Total assets 289,379   289,379   $ 359,681
Total revenues 10,828 7,496 20,188 15,246  
Operating expenses, including depreciation and amortization 25,869 23,644 55,635 42,925  
Income (loss) from operations (15,041) (16,148) (35,447) (27,679)  
Gain on real estate transactions and earnout from prior acquisition 11,358 400 9,814 400  
Interest expense (861) (108) (1,655) (382)  
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes (1,240) (696) (2,473) (1,393)  
Interest income 1,622 424 3,333 1,276  
Interest income on note receivable from Preferred Operating Partnership unit holder 1,212 1,212 2,425 2,425  
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of partners' interests 0 0 26,923 2,857  
Income tax (expense) benefit (143) 569 600 949  
Net income (loss) (3,093) (14,347) 3,520 (21,547)  
Depreciation and amortization expense 2,219 2,435 4,530 4,598  
Acquisition of real estate assets (435,298) (240,892)  
Development and redevelopment of real estate assets $ (14,400) $ (9,926)