XML 65 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Combined and Condensed Balance Sheets          
Real estate under development $ 237,434   $ 237,434   $ 543,486
Investments in and advances to unconsolidated affiliates 270,245   270,245   272,028
Other assets 213,018   213,018   192,786
Total assets 4,092,957   4,092,957   3,995,960
Total liabilities and equity 4,092,957   4,092,957   3,995,960
Investments in and advances to unconsolidated affiliates, net of Company's share of distributions in excess of income from and investments in unconsolidated affiliates 254,983   254,983   258,337
Combined and Condensed Statements of Income          
Total revenues 62,678 $ 43,855 184,181 $ 135,818  
Operating and other expenses (56,934) (42,601) (161,798) (115,277)  
Depreciation and amortization (26,652) (15,217) (77,245) (46,744)  
Income from continuing operations before gain on disposition of properties 313 326 26,392 18,391  
Company’s equity in earnings (losses) of unconsolidated affiliates 4,001 (102) 21,044 3,592  
Equity Method Investee          
Schedule of Equity Method Investments [Line Items]          
Related party revenue 400 300 1,000 900  
Expenses, related party 500 600 1,400 1,800  
Unconsolidated Affiliates          
Combined and Condensed Balance Sheets          
Rental property, net 540,609   540,609   576,505
Real estate under development 22,359   22,359   18,884
Investments in and advances to unconsolidated affiliates 6,854   6,854   6,853
Other assets 103,335   103,335   75,254
Total assets 673,157   673,157   677,496
Mortgage notes payable 401,768   401,768   407,344
Other liabilities 57,125   57,125   30,117
Partners’ equity 214,264   214,264   240,035
Total liabilities and equity 673,157   673,157   677,496
Company's share of accumulated equity 177,251   177,251   191,049
Basis differential 69,728   69,728   61,827
Deferred fees, net of portion related to the Company's interest 5,662   5,662   3,268
Amounts receivable by the Company 2,342   2,342   $ 2,193
Combined and Condensed Statements of Income          
Total revenues 20,883 26,590 63,460 58,984  
Operating and other expenses (6,847) (7,066) (18,985) (18,082)  
Interest expense (4,788) (5,242) (13,967) (11,355)  
Depreciation and amortization (6,208) (15,398) (18,720) (24,262)  
Loss on debt extinguishment 0 0 (154) 0  
(Loss) gain on disposition of properties 0 (1,452) 17,778 (1,452)  
Income from continuing operations before gain on disposition of properties 3,040 (2,568) 29,412 3,833  
Operating Partnership, as General Partner or Managing Member          
Combined and Condensed Statements of Income          
Company’s share of equity in net income of unconsolidated affiliates 4,544 377 23,156 4,267  
Basis differential amortization (543) (479) (2,112) (675)  
Company’s equity in earnings (losses) of unconsolidated affiliates $ 4,001 $ (102) $ 21,044 $ 3,592