XML 42 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Investments in Partnerships - Summary of Equity Investments (Detail) - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]    
Total assets $ 657,389 $ 653,645
Investments in real estate, at cost:    
Operating properties 640,707 636,774
Construction in progress 143,538 126,199
Total investments in real estate 784,245 762,973
Accumulated depreciation (196,458) (186,580)
Net investments in real estate 587,787 576,393
Cash and cash equivalents 30,651 37,362
Deferred costs and other assets, net(1) 38,951 39,890
Total assets 657,389 653,645
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable(1) 446,512 440,450
Other liabilities 24,957 30,425
Total liabilities 471,469 470,875
Net investment 185,920 182,770
Partners’ share 95,607 95,165
PREIT’s share 90,313 87,605
Excess investment [1] 7,949 7,877
Net investments and advances 98,262 95,482
Investment in partnerships, at equity 161,450 161,029
Distributions in excess of partnership investments $ (63,188) $ (65,547)
[1] Excess investment represents the unamortized difference between our investment and our share of the equity in the underlying net investment in the partnerships. The excess investment is amortized over the life of the properties, and the amortization is included in “Equity in income of partnerships.”