Property, net (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of Real Estate Properties

Property at December 31, 2018 and 2017 consists of the following:

	2018			2017
Land	$	1,506,678		$	1,567,152
Buildings and improvements	6,288,308			6,385,035
Tenant improvements	678,110			620,352
Equipment and furnishings	206,398			187,998
Construction in progress	199,326			366,996
	8,878,820			9,127,533
Less accumulated depreciation	(2,093,044		)	(2,018,303		)
	$	6,785,776		$	7,109,230

Assets Measured on a Nonrecurring Basis

The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended December 31, 2018, 2017 and 2016 as described above:

Years ended December, 31	Total Fair Value Measurement		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
2018	$	104,700	$	—	$	104,700	$	—
2017	$	38,000	$	—	$	38,000	$	—
2016	$	86,100	$	—	$	—	$	86,100

Quantitative Information, Unobservable Inputs

The following table sets forth quantitative information about the unobservable inputs of the Company’s Level 3 real estate recorded as of December 31, 2016:

Terminal capitalization rate	7.0% - 10.0%
Discount rate	8.0% - 15.0%
Market rents per square foot	$2.00 - $20.00