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Investment in Unconsolidated Real Estate Ventures - Investment in Real Estate Ventures and Share of Real Estate Ventures' Income (Loss) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sep. 22, 2016
Jun. 30, 2016
Jan. 29, 2016
Dec. 30, 2015
May 29, 2015
Dec. 20, 2011
Jan. 20, 2011
Schedule Of Equity Method Investments [Line Items]                    
Investment in Real Estate Ventures, equity method $ 281,331 $ 241,004 $ 225,004              
Equity Method Investments including net liabilities   239,874                
Company’s share of income (loss) (Company’s basis) (11,503) (811) $ (790)              
Equity Method Investment Summarized Financial Information Debt $ 997,466 794,571                
Brandywine - AI Venture LLC [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage 50.00% [1],[2]               50.00%  
Investment in Real Estate Ventures, equity method [2] $ 67,809 50,760                
Company’s share of income (loss) (Company’s basis) [2] (5,895) (229)                
Equity Method Investment Summarized Financial Information Debt [2] $ 131,539 132,717                
Debt Instrument, Interest Rate, Effective Percentage [2] 3.96%                  
Austin Joint Venture [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1],[3] 50.00%                  
Investment in Real Estate Ventures, equity method [3] $ 52,886 60,427                
Company’s share of income (loss) (Company’s basis) [3] (1,880) (1,235)                
Equity Method Investment Summarized Financial Information Debt [3] $ 405,734 410,066                
Debt Instrument, Interest Rate, Effective Percentage [3] 3.36%                  
MAP Venture [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1],[4] 50.00%                  
Investment in Real Estate Ventures, equity method [4] $ 20,893 0                
Company’s share of income (loss) (Company’s basis) [4] (4,218) 0                
Equity Method Investment Summarized Financial Information Debt [4] $ 180,800 0                
Debt Instrument, Interest Rate Terms [4] L+6.25%                  
Debt Instrument, Maturity Date, Month and Year [4] 2018-02                  
Four Tower Bridge [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 65.00%                  
Investment in Real Estate Ventures, equity method $ 2,286 1,684                
Company’s share of income (loss) (Company’s basis) 602 211                
Equity Method Investment Summarized Financial Information Debt $ 9,961 10,162                
Debt Instrument, Interest Rate, Effective Percentage 5.20%                  
Debt Instrument, Maturity Date, Month and Year 2021-02                  
PJP VII [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 25.00%                  
Investment in Real Estate Ventures, equity method $ 980 872                
Company’s share of income (loss) (Company’s basis) 233 211                
Equity Method Investment Summarized Financial Information Debt $ 4,956 5,621                
Debt Instrument, Interest Rate Terms L+2.65%                  
Debt Instrument, Maturity Date, Month and Year 2019-12                  
PJP Two [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 30.00%                  
Investment in Real Estate Ventures, equity method $ 532 435                
Company’s share of income (loss) (Company’s basis) 97 32                
Equity Method Investment Summarized Financial Information Debt $ 2,893 3,201                
Debt Instrument, Interest Rate, Effective Percentage 6.12%                  
Debt Instrument, Maturity Date, Month and Year 2023-11                  
PJP VI [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 25.00%                  
Investment in Real Estate Ventures, equity method $ 142 45                
Company’s share of income (loss) (Company’s basis) 97 151                
Equity Method Investment Summarized Financial Information Debt $ 7,652 7,918                
Debt Instrument, Interest Rate, Effective Percentage 6.08%                  
Debt Instrument, Maturity Date, Month and Year 2023-04                  
1000 Chesterbrook Blvd. [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage         50.00%          
Investment in Real Estate Ventures, equity method [5] $ 0 1,895                
Company’s share of income (loss) (Company’s basis) [5] 160 117                
Equity Method Investment Summarized Financial Information Debt [5] 0 23,610                
PJP V [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage       25.00%            
Investment in Real Estate Ventures, equity method [5] 0 305                
Company’s share of income (loss) (Company’s basis) [5] 127 189                
Equity Method Investment Summarized Financial Information Debt [5] 0 5,035                
Invesco, L.P. [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Investment in Real Estate Ventures, equity method [5] 0 0                
Company’s share of income (loss) (Company’s basis) [5] 261 349                
Equity Method Investment Summarized Financial Information Debt [5] 0 0                
Broadmoor Austin Associates [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Investment in Real Estate Ventures, equity method [5] 0 0                
Company’s share of income (loss) (Company’s basis) [5] 0 (377)                
Equity Method Investment Summarized Financial Information Debt [5] 0 0                
Coppell Associates [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage           50.00%        
Investment in Real Estate Ventures, at equity [6] 0 (1,130)                
Company’s share of income (loss) (Company’s basis) [6] 12 84                
Equity Method Investment Summarized Financial Information Debt [6] $ 0 15,515                
HSRE BDN I, LLC [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1],[7] 50.00%                  
Investment in Real Estate Ventures, equity method [7] $ 21,228 15,003                
Company’s share of income (loss) (Company’s basis) [7] 843 (188)                
Equity Method Investment Summarized Financial Information Debt [7] $ 105,000 95,562                
Debt Instrument, Interest Rate Terms [7] L+2.25%                  
Debt Instrument, Maturity Date, Month and Year [7] 2019-10                  
TB-BDN Plymouth Apartments [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 50.00%                  
Investment in Real Estate Ventures, equity method $ 12,450 12,338                
Company’s share of income (loss) (Company’s basis) 119 (252)                
Equity Method Investment Summarized Financial Information Debt $ 53,967 50,964                
Debt Instrument, Interest Rate Terms L+1.70%                  
Debt Instrument, Maturity Date, Month and Year 2017-12                  
Brandywine Nineteen Nineteen Ventures [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage 50.00% [1],[3],[8]                 50.00%
Investment in Real Estate Ventures, equity method [3],[8] $ 27,462 29,086                
Company’s share of income (loss) (Company’s basis) [3],[8] (1,529) 0                
Equity Method Investment Summarized Financial Information Debt [3],[8] $ 79,250 19,411                
Debt Instrument, Interest Rate Terms [3],[8] L+2.00%                  
Debt Instrument, Maturity Date, Month and Year [3],[8] 2018-10                  
Residence Inn Tower Bridge [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage             50.00%      
Investment in Real Estate Ventures, equity method $ 0 [5] 0 [5]         $ 900      
Company’s share of income (loss) (Company’s basis) [5] 0 367                
Equity Method Investment Summarized Financial Information Debt [5] $ 0 0                
4040 Wilson Venture [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 50.00%                  
Investment in Real Estate Ventures, equity method $ 36,356 36,626                
Company’s share of income (loss) (Company’s basis) (270) (106)                
Equity Method Investment Summarized Financial Information Debt $ 1,004 0                
Debt Instrument, Interest Rate Terms L+2.40%                  
Debt Instrument, Maturity Date, Month and Year 2019-03                  
51 N 50 Patterson [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage 70.00% [1]             70.00%    
Investment in Real Estate Ventures, equity method $ 20,318 16,725                
Company’s share of income (loss) (Company’s basis) (114) 0                
Equity Method Investment Summarized Financial Information Debt $ 0 0                
1250 First Street Office [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage 70.00% [1]             70.00%    
Investment in Real Estate Ventures, equity method $ 17,304 14,312                
Company’s share of income (loss) (Company’s basis) (15) 0                
Equity Method Investment Summarized Financial Information Debt $ 0 0                
Seven Tower Bridge [Member]                    
Schedule Of Equity Method Investments [Line Items]                    
Equity Method Investment, Ownership Percentage [1] 20.00%                  
Investment in Real Estate Ventures, equity method $ 685 491                
Company’s share of income (loss) (Company’s basis) (133) (135)                
Equity Method Investment Summarized Financial Information Debt $ 14,710 $ 14,789                
Debt Instrument, Interest Rate, Effective Percentage 3.71%                  
[1] Ownership percentage represents the Company’s entitlement to residual distributions after payments of priority returns, where applicable.
[2] See “Brandywine AI Venture: 3141 Fairview Park Drive” section below for information discussing activity that occurred during 2016 relating to this venture.
[3] The basis differences associated with these ventures are allocated between cost and the underlying equity in the net assets of the investee and is accounted for as if the entity were consolidated (i.e., allocated to the Company’s relative share of assets and liabilities with an adjustment to recognize equity in earnings for the appropriate depreciation/amortization). The Company increased its ownership interest in the HSRE-BDN I, LLC venture (also referred to as the “Evo at Cira South Venture”) to 50% on March 2, 2016. On June 10, 2016, HSRE-BDN I, LLC refinanced its debt. See “Evo at Cira South Venture” section below for further details on these transactions.
[4] In order to fulfill interest rate protection requirements, a LIBOR interest rate cap of 1.75% was purchased, effective February 3, 2016 and maturing February 9, 2018, for a notional amount of $200.8 million. There are three options to extend the maturity date of the debt for three successive terms, each year representing a separate option.
[5] The Company liquidated its 25% ownership interest in the PJP V real estate venture on September 22, 2016. On June 30, 2016, the Company liquidated its 50% ownership interest in the venture known as 1000 Chesterbrook. The ownership interest in Invesco, L.P. was sold prior to December 31, 2015, and on August 19, 2016, the Company assigned its residual profits interest to the general partner of Invesco. The Company purchased the remaining 50% interest in Broadmoor Austin Associates on June 22, 2015. The ownership interest in Residence Inn Tower Bridge was sold on December 30, 2015. See below for further detail on 2016 dispositions.
[6] Carrying amount represents the negative investment balance of the venture that was included in other liabilities as of December 31, 2015. The ownership interest in this venture was disposed of on January 29, 2016.
[7] The basis differences associated with these ventures are allocated between cost and the underlying equity in the net assets of the investee and is accounted for as if the entity were consolidated (i.e., allocated to the Company’s relative share of assets and liabilities with an adjustment to recognize equity in earnings for the appropriate depreciation/amortization). The Company increased its ownership interest in the HSRE-BDN I, LLC venture (also referred to as the “Evo at Cira South Venture”) to 50% on March 2, 2016. On June 10, 2016, HSRE-BDN I, LLC refinanced its debt. See “Evo at Cira South Venture” section below for further details on these transactions
[8] The stated rate for the construction loan is LIBOR + 2.00%. It is further reduced to 1.75% upon reaching 90% residential occupancy and commencement of the lease in the retail space. To fulfill interest rate protection requirements, an interest rate cap was purchased at 4.50%.