Subsequent Event Subsequent Event

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Event

On April 28, 2015, the Company entered into a share purchase and redemption agreement with Health Care REIT, Inc. to acquire its 49% equity interest in seven life science office properties and two parking facilities at University Park at MIT, a mixed-use life science office campus in Cambridge, Massachusetts (“MIT Assets”). The redemption price is $573,500,000 less Health Care REIT, Inc’s 49% share of the outstanding debt on the MIT Assets at closing estimated to be approximately $174,000,000. The Company intends to finance the purchase price primarily through one or more capital markets transactions prior to the anticipated closing date. Upon closing, which is expected to be no later than September 30, 2015, the Company will own 100% of the MIT Assets. As a result, we will be required to consolidate the assets and liabilities of the MIT Assets and expect to record a gain on change in control of interests in excess of $400,000,000.