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Investment in Unconsolidated Joint Ventures (Tables)
9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Financial Information for Joint Ventures
The following tables present summarized financial information for our material joint ventures as of September 30, 2016 and December 31, 2015 and for the nine months ended September 30, 2016 and 2015 (unaudited, in thousands):
 
 
As of September 30, 2016
 
Nine Months Ended September 30, 2016
2016
Net Investment
in Properties
 
Total Assets
 
Debt
 
Total
Liabilities
 
Equity
 
Revenues
 
Property
Operating
Expense
 
Net
Operating
Income
 
Net Income
Total Unconsolidated Joint Ventures
$
739,066

 
$
921,545

 
$
458,836

 
$
556,355

 
$
365,190

 
$
100,649

 
$
(30,226
)
 
$
70,423

 
$
29,276

Our investment in and share of equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
$
105,819

 
 
 
 
 
 
 
$
12,362

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
Nine Months Ended September 30, 2015
2015
Net Investment
in Properties
 
Total Assets
 
Debt
 
Total
Liabilities
 
Equity
 
Revenues
 
Property
Operating
Expense
 
Net
Operating
Income
 
Net Income
Total Unconsolidated Joint Ventures
$
758,582

 
$
935,990

 
$
460,023

 
$
558,310

 
$
377,679

 
$
96,407

 
$
(26,431
)
 
$
69,976

 
$
28,303

Our investment in and share of equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
$
106,107

 
 
 
 
 
 
 
$
12,170