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Investments in Unconsolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Financial Information for Joint Ventures
The following tables present summarized financial information for our joint ventures for the years ended December 31, 2018, 2017, and 2016 (in thousands):
2018
%
Ownership
 
Net Investment
in Properties
 
Total
Assets
 
Mortgage
Loans
 
Total
Liabilities
 
Equity /
(Deficit)
 
Revenues
 
Property
Operating
Expense
 
Net
Operating
Income
 
Net
Income
(Loss)
Unconsolidated Joint Ventures
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2001 Sixth Avenue
50.00
%
 
$
32,786

 
$
49,278

 
$
134,527

 
$
139,569

 
$
(90,291
)
 
$
52,806

 
$
(17,264
)
 
$
35,542

 
$
25,612

2020 Fifth Avenue
50.00
%
 
44,644

 
54,855

 
48,000

 
48,333

 
6,522

 
9,417

 
(2,156
)
 
7,261

 
4,689

33 Chun Choi Street (Hong Kong)
50.00
%
 
151,256

 
201,527

 

 
9,337

 
192,190

 
21,394

 
(7,164
)
 
14,230

 
6,958

Mitsubishi
50.00
%
 
332,373

 
469,159

 
228,075

 
285,424

 
183,735

 
59,300

 
(26,360
)
 
32,940

 
15,884

PREI ®
20.00
%
 
375,016

 
433,024

 
210,626

 
283,899

 
149,125

 
42,058

 
(8,457
)
 
33,601

 
(4,159
)
GCEAR
20.00
%
 
111,909

 
139,268

 
101,885

 
104,268

 
35,000

 
20,457

 
(8,546
)
 
11,911

 
(2,177
)
1101 Space Park Drive
17.00
%
 
22,677

 
24,320

 
5,225

 
5,327

 
18,993

 
9,383

 
(5,879
)
 
3,504

 
415

Total Unconsolidated Joint Ventures
 
 
$
1,070,661

 
$
1,371,431

 
$
728,338

 
$
876,157

 
$
495,274

 
$
214,815

 
$
(75,826
)
 
$
138,989

 
$
47,222

Our investment in and share of equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
$
175,108

 
 
 
 
 
 
 
$
32,979

2017
%
Ownership
 
Net Investment
in Properties
 
Total
Assets
 
Mortgage
Loans
 
Total
Liabilities
 
Equity /
(Deficit)
 
Revenues
 
Property
Operating
Expense
 
Net
Operating
Income
 
Net
Income
(Loss)
Unconsolidated Joint Ventures
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2001 Sixth Avenue
50.00
%
 
$
26,933

 
$
50,481

 
$
134,472

 
$
138,564

 
$
(88,083
)
 
$
49,369

 
$
(16,719
)
 
$
32,650

 
$
20,833

2020 Fifth Avenue
50.00
%
 
45,309

 
54,594

 
47,000

 
47,249

 
7,345

 
9,088

 
(1,820
)
 
7,268

 
4,881

33 Chun Choi Street (Hong Kong)
50.00
%
 
133,435

 
192,071

 

 
5,598

 
186,473

 
19,235

 
(6,504
)
 
12,731

 
5,467

Mitsubishi
50.00
%
 
325,977

 
452,063

 
221,851

 
288,962

 
163,101

 
7,927

 
(4,218
)
 
3,709

 
1,108

PREI ®
20.00
%
 
399,967

 
456,912

 
207,687

 
285,050

 
171,862

 
41,464

 
(7,978
)
 
33,486

 
13,889

GCEAR
20.00
%
 
114,376

 
151,191

 
101,680

 
104,220

 
46,971

 
18,924

 
(7,362
)
 
11,562

 
(1,962
)
1101 Space Park Drive
17.00
%
 
15,953

 
17,694

 

 
236

 
17,458

 
5,958

 
(4,629
)
 
1,329

 
(272
)
Total Unconsolidated Joint Ventures
 
 
$
1,061,950

 
$
1,375,006

 
$
712,690

 
$
869,879

 
$
505,127

 
$
151,965

 
$
(49,230
)
 
$
102,735

 
$
43,944

Our investment in and share of equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
$
163,477

 
 
 
 
 
 
 
$
25,516

2016
%
Ownership
 
Net Investment
in Properties
 
Total
Assets
 
Mortgage
Loans
 
Total
Liabilities
 
Equity /
(Deficit)
 
Revenues
 
Property
Operating
Expense
 
Net
Operating
Income
 
Net
Income
(Loss)
Unconsolidated Joint Ventures
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2001 Sixth Avenue
50.00
%
 
$
27,342

 
$
43,258

 
$
101,394

 
$
106,241

 
$
(62,983
)
 
$
45,518

 
$
(15,574
)
 
$
29,944

 
$
16,374

2020 Fifth Avenue
50.00
%
 
45,973

 
55,005

 
47,000

 
47,612

 
7,393

 
8,788

 
(1,500
)
 
7,288

 
4,821

33 Chun Choi Street (Hong Kong)
50.00
%
 
134,249

 
184,855

 

 
3,291

 
181,564

 
18,856

 
(6,636
)
 
12,220

 
6,315

PREI ®
20.00
%
 
409,876

 
468,298

 
207,270

 
288,325

 
179,973

 
41,075

 
(8,503
)
 
32,572

 
13,615

GCEAR
20.00
%
 
116,949

 
162,863

 
101,477

 
104,393

 
58,470

 
19,742

 
(7,808
)
 
11,934

 
(1,396
)
1101 Space Park Drive
17.00
%
 
6,839

 
8,415

 

 
135

 
8,280

 
3,539

 
(4,105
)
 
(566
)
 
(1,515
)
Total Unconsolidated Joint Ventures
 
 
$
741,228

 
$
922,694

 
$
457,141

 
$
549,997

 
$
372,697

 
$
137,518

 
$
(44,126
)
 
$
93,392

 
$
38,214

Our investment in and share of equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
$
106,402

 
 
 
 
 
 
 
$
17,104