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Real Estate Investments - Summary of Office Properties Sold (Parenthetical) (Details)
3 Months Ended 12 Months Ended
Feb. 04, 2016
property
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
ft²
Storey
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Sep. 30, 2014
USD ($)
Dec. 31, 2016
USD ($)
ft²
property
Dec. 31, 2015
USD ($)
ft²
property
Storey
Dec. 31, 2014
USD ($)
ft²
property
Storey
Oct. 17, 2014
ft²
Jul. 31, 2014
ft²
Apr. 03, 2014
USD ($)
ft²
Storey
Oct. 16, 2013
USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Provision for impairment   $ 1,800,000           $ 40,517,000 $ 82,208,000 $ 1,765,000        
Impairment of properties held for use               7,300,000            
Gain (loss) on real estate venture transactions               20,000,000 7,229,000 (417,000)        
Gain (Loss) on Sale               $ 116,983,000 $ 20,496,000 $ 4,901,000        
Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Rentable Square Feet | ft²                     590,881 232,274    
Brandywine Realty Trust [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Aggregate gross sales price of a joint venture                           $ 330,000,000
Encino Trace [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                 2          
Number of floors of a building | Storey       4         4          
Rentable Square Feet | ft²       320,000         320,000          
Encino Trace [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Project expected cost                 $ 91,300,000          
Non-Recourse Debt       $ 30,000,000         30,000,000          
Amount Of Participant Contribution       1,800,000         1,800,000          
Encino Trace [Member] | Brandywine Realty Trust [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Development costs       76,700,000         76,700,000          
Proceeds from Equity Method Investment, Dividends or Distributions                 50,200,000          
Capital contribution       23,300,000         23,300,000          
Gain (loss) on real estate venture transactions                 2,000,000          
Additional borrowing fund to tenant improvements and leasing commissions       29,700,000         29,700,000          
Encino Trace [Member] | DRA Advisors LLC [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Working capital contribution       1,800,000         1,800,000          
Encino Trace [Member] | DRA Advisors LLC [Member] | Brandywine Realty Trust [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Amount Of Participant Contribution       $ 25,100,000         $ 25,100,000          
100, 101, 200, 300 and 301 Lindenwood Drive (the Valleybrooke Properties) [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Provision for impairment on assets held for sale             $ 1,800,000              
11305 Four Points Drive (Four Points Centre) [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                   2        
Number of floors of a building | Storey                   3     3  
Rentable Square Feet | ft²                   192,396        
11305 Four Points Drive (Four Points Centre) [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Non-Recourse Debt                         $ 29,000,000  
11305 Four Points Drive (Four Points Centre) [Member] | Brandywine Realty Trust [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Amount Of Participant Contribution                         5,900,000  
Gain (loss) on real estate venture transactions                   $ (200,000)        
Additional borrowing fund to tenant improvements and leasing commissions                   $ 34,400,000        
Aggregate gross sales price of a joint venture                         $ 41,500,000  
Office Properties [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property               66 27 8        
Rentable Square Feet | ft²       2,649,926       5,239,632 2,649,926 645,273        
Gain (Loss) on Sale               $ 116,983,000 [1] $ 22,002,000 [2],[3] $ 4,646,000 [4]        
Deferred gain       $ 500,000         $ 500,000          
Office Properties [Member] | 196/198 Van Buren Street (Herndon Metro Plaza I&II) [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Impairment of properties held for use     $ 7,400,000                      
Number of Properties Sold | property               2            
Rentable Square Feet | ft²               197,225            
Gain (Loss) on Sale [1],[5]               $ (752,000)            
Office Properties [Member] | Och Ziff Portfolio [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property 58             58 [6]            
Provision for impairment on assets held for sale       $ 45,400,000                    
Rentable Square Feet | ft² [6]               3,924,783            
Gain (Loss) on Sale [1],[6],[7]               $ (372,000)            
Office Properties [Member] | Encino Trace [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                 2          
Rentable Square Feet | ft²       320,000         320,000          
Gain (Loss) on Sale [2],[8]                 $ 2,008,000          
Office Properties [Member] | Carlsbad, CA [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Provision for impairment on assets held for sale       $ 6,300,000                    
Gain (Loss) on Sale                 $ 0          
Office Properties [Member] | 100 Gateway Centre Parkway [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                 1          
Provision for impairment on assets held for sale         $ 800,000                  
Rentable Square Feet | ft²       74,991         74,991          
Gain (Loss) on Sale         $ 0       $ 0 [2],[9]          
Office Properties [Member] | Lake Merritt Tower [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                 1          
Provision for impairment on assets held for sale           $ 1,700,000                
Rentable Square Feet | ft²       204,336         204,336          
Gain (Loss) on Sale           $ 0     $ 0 [2],[10]          
Office Properties [Member] | 100, 101, 200, 300 and 301 Lindenwood Drive (the Valleybrooke Properties) [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                   5        
Rentable Square Feet | ft²                   279,934        
Gain (Loss) on Sale [4],[11]                   $ 203,000        
Office Properties [Member] | 11305 Four Points Drive (Four Points Centre) [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Number of Properties Sold | property                   2        
Rentable Square Feet | ft²                   192,396        
Gain (Loss) on Sale [4],[12]                   $ (255,000)        
Office Properties [Member] | 11305 Four Points Drive (Four Points Centre) [Member] | Austin Joint Venture [Member]                            
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]                            
Rentable Square Feet | ft²                         192,396  
[1] Gain/(Loss) on Sale is net of closing and other transaction related costs.
[2] Gain on Sale is net of closing and other transaction related costs.
[3] Total gain on sale does not include a deferred gain of $0.5 million related to a prior sale.
[4] Gain/(Loss) on sale is net of closing and other transaction related costs.
[5] During the three-month period ended March 31, 2016, the Company recognized a provision for impairment totaling approximately $7.4 million on the properties. See “Held for Use Impairment” section below. The loss on sale primarily relates to additional closing costs recognized at closing.
[6] Exhibit 99.2 to the Company’s Current Report on Form 8-K filed on February 10, 2016 contains a complete list of the 58 properties disposed of in the transactions with Och-Ziff Capital Management Group LLC. See Note 4, "Investment in Unconsolidated Real Estate Ventures," for further details of the transactions.
[7] During the three-month period ended December 31, 2015, the Company recognized a provision for impairment totaling approximately $45.4 million. The loss on sale represents additional closing costs recognized at closing.
[8] On December 31, 2015, the Company contributed two newly constructed four-story, Class A office buildings, commonly known as “Encino Trace,” containing an aggregate of approximately 320,000 square feet in Austin, Texas to one of its existing real estate ventures (the “Austin Venture”) that the Company formed in 2013 with G&I VII Austin Office LLC, an investment vehicle advised by DRA Advisors LLC (“DRA”). When these two properties were contributed to the Austin Venture the Company had incurred a total of $76.7 million of development costs, representing the contribution value. The project is expected to cost $91.3 million with remaining costs fully funded by the Austin Venture. In conjunction with the contribution: (i) the Austin Venture obtained a $30.0 million mortgage loan; (ii) DRA contributed $25.1 million in net cash to the capital of the Austin Venture, including a $1.8 million working capital contribution; and (iii) the Austin Venture distributed $50.2 million to the Company and credited the Company with a $23.3 million capital contribution to the Austin Venture. In addition to the contribution of the properties, the Company also made a $1.8 million cash contribution to the Austin Venture for working capital. The Company recognized a $2.0 million gain on the contribution. Under the Encino Trace loan agreement the Austin Venture has the option, subject to certain leasing and loan-to-value requirements, to borrow an additional $29.7 million to fund tenant improvements and leasing commissions.
[9] The Company recorded an impairment loss of $0.8 million for 100 Gateway Centre Parkway during the second quarter of 2015. As such, there was no gain at disposition for this property.
[10] The Company recorded an impairment loss of $1.7 million for Lake Merritt Tower at March 31, 2015. As such, there was no gain at disposition for this property. Sales proceeds were deposited in escrow under Section 1031 of the Internal Revenue Code and applied to purchase the Broadmoor Austin portfolio. Refer to Broadmoor Austin Associates acquisition summary, above, for further details.
[11] During the third quarter of 2014, the Company recorded a $1.8 million impairment loss on these properties.
[12] On April 3, 2014, the Company contributed two three-story, Class A office buildings, commonly known as “Four Points Centre,” containing an aggregate of approximately 192,396 net rentable square feet in Austin, Texas to an existing real estate venture (the “Austin Venture”) that the Company formed in 2013 with G&I VII Austin Office LLC, an investment vehicle advised by DRA Advisors LLC (“DRA”). The Company contributed the properties to the Austin Venture at an agreed upon value of $41.5 million. In conjunction with the contribution: (i) the Austin Venture obtained a $29.0 million mortgage loan; (ii) DRA contributed $5.9 million in net cash to the capital of the Austin Venture; and (iii) the Austin Venture distributed $34.4 million to the Company and credited the Company with a $5.9 million capital contribution to the Austin Venture. The Company incurred a $0.2 million loss on the contribution, driven primarily by closing costs.