XML 84 R63.htm IDEA: XBRL DOCUMENT v3.6.0.2
Investments in Partially Owned Entities (Details)
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
property
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Feb. 27, 2013
USD ($)
Partially Owned Property Balance Sheet Schedule          
Properties 302        
Apartment Units 77,458        
ASSETS          
Investment in real estate $ 25,386,425,000 $ 25,182,352,000      
Accumulated depreciation (5,360,389,000) (4,905,406,000)      
Investment in real estate, net 20,026,036,000 20,276,946,000      
Cash and cash equivalents 77,207,000 42,276,000 $ 40,080,000 $ 53,534,000  
Investments in unconsolidated entities 60,141,000 68,101,000      
Deposits – restricted 76,946,000 55,893,000      
Other assets 398,883,000 428,899,000      
Total assets 20,704,148,000 23,110,196,000      
LIABILITIES AND EQUITY          
Secured Debt 4,119,181,000 4,685,134,000      
Accounts payable and accrued expenses 147,482,000 187,124,000      
Accrued interest payable 60,946,000 85,221,000      
Other liabilities 350,466,000 366,387,000      
Security deposits 62,624,000 77,582,000      
Total liabilities 9,801,072,000 11,847,058,000      
Partially Owned Properties 10,609,000 4,608,000      
Total liabilities and equity/capital 20,704,148,000 23,110,196,000      
Partially Owned Property Income Statement Schedule          
Operating revenue 2,425,800,000 2,744,965,000 2,614,748,000    
Property management 82,015,000 86,206,000 85,065,000    
General and administrative/other 57,840,000 64,664,000 50,679,000    
Depreciation 705,649,000 765,895,000 758,861,000    
Operating income 856,086,000 1,009,238,000 921,644,000    
Interest and other income 65,773,000 7,372,000 4,462,000    
Other expenses (10,368,000) (2,942,000) (9,073,000)    
Interest:          
Expense incurred, net (482,246,000) (444,487,000) (457,460,000)    
Amortization of deferred financing costs (12,633,000) (10,801,000) (11,088,000)    
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations 416,612,000 558,380,000 448,485,000    
Income and other tax (expense) benefit (1,613,000) (917,000) (1,394,000)    
Income (loss) from investments in unconsolidated entities 4,801,000 15,025,000 (7,952,000)    
Net income $ 4,480,104,000 $ 908,018,000 658,683,000    
Investments In Partially Owned Entities (Textuals) [Abstract]          
Disposed Properties 99 8      
Apartment Units 29,776 1,857      
Net gain on sales of real estate properties $ 4,044,055,000 $ 335,134,000 $ 212,685,000    
Consolidated VIE          
Partially Owned Property Balance Sheet Schedule          
Properties 17        
Apartment Units 3,215        
ASSETS          
Investment in real estate $ 646,320,000        
Accumulated depreciation (211,038,000)        
Investment in real estate, net 435,282,000        
Cash and cash equivalents 30,271,000        
Investments in unconsolidated entities 46,908,000        
Deposits – restricted 345,000        
Other assets 26,203,000        
Total assets 539,009,000        
LIABILITIES AND EQUITY          
Secured Debt 301,110,000        
Accounts payable and accrued expenses 1,088,000        
Accrued interest payable 1,037,000        
Other liabilities 600,000        
Security deposits 1,850,000        
Total liabilities 305,685,000        
Partially Owned Properties 10,609,000        
Company equity/General and Limited Partners' Capital 222,715,000        
Total equity/capital 233,324,000        
Total liabilities and equity/capital 539,009,000        
Partially Owned Property Income Statement Schedule          
Operating revenue 90,634,000        
Operating Expenses 21,647,000        
Net operating income 68,987,000        
Property management 3,190,000        
General and administrative/other 328,000        
Depreciation 20,764,000        
Operating income 44,705,000        
Interest and other income 53,000        
Other expenses (8,000)        
Interest:          
Expense incurred, net (13,857,000)        
Amortization of deferred financing costs (345,000)        
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations 30,548,000        
Income and other tax (expense) benefit (73,000)        
Income (loss) from investments in unconsolidated entities (1,439,000)        
Net income $ 29,036,000        
Unconsolidated Non-VIE          
Partially Owned Property Balance Sheet Schedule          
Properties 2        
Apartment Units 945        
ASSETS          
Investment in real estate $ 235,821,000        
Accumulated depreciation (32,881,000)        
Investment in real estate, net 202,940,000        
Cash and cash equivalents 5,287,000        
Investments in unconsolidated entities 0        
Deposits – restricted 262,000        
Other assets 157,000        
Total assets 208,646,000        
LIABILITIES AND EQUITY          
Secured Debt 145,424,000        
Accounts payable and accrued expenses 189,000        
Accrued interest payable 691,000        
Other liabilities 268,000        
Security deposits 493,000        
Total liabilities 147,065,000        
Partially Owned Properties 59,115,000        
Company equity/General and Limited Partners' Capital 2,466,000        
Total equity/capital 61,581,000        
Total liabilities and equity/capital 208,646,000        
Partially Owned Property Income Statement Schedule          
Operating revenue 26,615,000        
Operating Expenses 9,088,000        
Net operating income 17,527,000        
Property management 776,000        
General and administrative/other 2,000        
Depreciation 10,510,000        
Operating income 6,239,000        
Interest and other income 0        
Other expenses 0        
Interest:          
Expense incurred, net (8,289,000)        
Amortization of deferred financing costs (1,000)        
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations (2,051,000)        
Income and other tax (expense) benefit (13,000)        
Income (loss) from investments in unconsolidated entities 0        
Net income (2,064,000)        
Unconsolidated Non-VIE | Legacy JV [Domain]          
Investments In Partially Owned Entities (Textuals) [Abstract]          
Liquidation Value Preferred Interests 39,900,000        
Unconsolidated Non-VIE | Residual JV [Domain]          
ASSETS          
Investments in unconsolidated entities $ 1,100,000       $ 147,600,000
Investments In Partially Owned Entities (Textuals) [Abstract]          
Business Acquisition, Percentage of Voting Interests Acquired 60.00%        
Unconsolidated VIE          
Partially Owned Property Balance Sheet Schedule          
Properties 0        
Apartment Units 0        
ASSETS          
Investment in real estate $ 172,995,000        
Accumulated depreciation (44,544,000)        
Investment in real estate, net 128,451,000        
Cash and cash equivalents 47,000        
Investments in unconsolidated entities 0        
Deposits – restricted 0        
Other assets 334,000        
Total assets 128,832,000        
LIABILITIES AND EQUITY          
Secured Debt 0        
Accounts payable and accrued expenses 135,000        
Accrued interest payable 0        
Other liabilities 70,000        
Security deposits 0        
Total liabilities 205,000        
Partially Owned Properties 86,120,000        
Company equity/General and Limited Partners' Capital 42,507,000        
Total equity/capital 128,627,000        
Total liabilities and equity/capital 128,832,000        
Partially Owned Property Income Statement Schedule          
Operating revenue 5,214,000        
Operating Expenses 2,023,000        
Net operating income 3,191,000        
Property management 75,000        
General and administrative/other 81,000        
Depreciation 5,501,000        
Operating income (2,466,000)        
Interest and other income 0        
Other expenses 0        
Interest:          
Expense incurred, net 0        
Amortization of deferred financing costs 0        
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations (2,466,000)        
Income and other tax (expense) benefit 0        
Income (loss) from investments in unconsolidated entities 0        
Net income $ (2,466,000)        
Partially Owned Properties – Consolidated          
Partially Owned Property Balance Sheet Schedule          
Properties 17        
Apartment Units 3,215        
Investments In Partially Owned Entities (Textuals) [Abstract]          
Disposed Properties 2        
Apartment Units 556        
Net gain on sales of real estate properties $ 54,300,000        
Partially Owned Properties – Unconsolidated          
Partially Owned Property Balance Sheet Schedule          
Properties 2        
Apartment Units 945        
ASSETS          
Investment in real estate $ 408,816,000        
Accumulated depreciation (77,425,000)        
Investment in real estate, net 331,391,000        
Cash and cash equivalents 5,334,000        
Investments in unconsolidated entities 0        
Deposits – restricted 262,000        
Other assets 491,000        
Total assets 337,478,000        
LIABILITIES AND EQUITY          
Secured Debt 145,424,000        
Accounts payable and accrued expenses 324,000        
Accrued interest payable 691,000        
Other liabilities 338,000        
Security deposits 493,000        
Total liabilities 147,270,000        
Partially Owned Properties 145,235,000        
Company equity/General and Limited Partners' Capital 44,973,000        
Total equity/capital 190,208,000        
Total liabilities and equity/capital 337,478,000        
Partially Owned Property Income Statement Schedule          
Operating revenue 31,829,000        
Operating Expenses 11,111,000        
Net operating income 20,718,000        
Property management 851,000        
General and administrative/other 83,000        
Depreciation 16,011,000        
Operating income 3,773,000        
Interest and other income 0        
Other expenses 0        
Interest:          
Expense incurred, net (8,289,000)        
Amortization of deferred financing costs (1,000)        
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations (4,517,000)        
Income and other tax (expense) benefit (13,000)        
Income (loss) from investments in unconsolidated entities 0        
Net income $ (4,530,000)        
Investments In Partially Owned Entities (Textuals) [Abstract]          
Disposed Properties 1        
Apartment Units 336        
Net gain on sales of real estate properties $ 8,900,000