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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Schedule of reconciliation of NOI to net income
A reconciliation of NOI to net income for years ended December 31, 2014, 2013 and 2012 is as follows (dollars in thousands):
 
For the year ended
 
12/31/14
 
12/31/13
 
12/31/12
Net income
$
697,327

 
$
352,771

 
$
423,562

Indirect operating expenses, net of corporate income
49,055

 
41,554

 
31,911

Investments and investment management expense
4,485

 
3,990

 
6,071

Expensed acquisition, development and other pursuit costs, net of recoveries
(3,717
)
 
45,050

 
11,350

Interest expense, net (1)
180,618

 
172,402

 
136,920

Loss on extinguishment of debt, net
412

 
14,921

 
1,179

Loss on interest rate contract
—

 
51,000

 
—

General and administrative expense
41,425

 
39,573

 
34,101

Equity in loss (income) of unconsolidated entities
(148,766
)
 
11,154

 
(20,914
)
Depreciation expense (1)
442,682

 
560,215

 
243,680

Income tax expense
9,368

 
—

 
—

Casualty and impairment loss
—

 
—

 
1,449

Gain on acquisition of unconsolidated real estate entity
—

 
—

 
(14,194
)
Gain on sale of real estate assets
(85,415
)
 
(240
)
 
(280
)
Gain on sale of discontinued operations
(37,869
)
 
(278,231
)
 
(146,311
)
Income from discontinued operations
(310
)
 
(16,713
)
 
(26,820
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations
(15,199
)
 
(19,448
)
 
(13,776
)
Net operating income
$
1,134,096

 
$
977,998

 
$
667,928

_________________________________
(1)
Includes amounts associated with assets sold or held for sale, not classified as discontinued operations.
Schedule of net operating income from real estate assets sold or held for sale, not classified as discontinued operations
The following is a summary of NOI from real estate assets sold or held for sale, not classified as discontinued operations, for the periods presented (dollars in thousands):
 
For the year ended
 
12/31/2014
 
12/31/2013
 
12/31/2012
 
 
 
 
 
 
 Rental income from real estate assets sold or held for sale, not classified as discontinued operations
$
24,389

 
$
30,867

 
$
21,463

 Operating expenses real estate assets sold or held for sale, not classified as discontinued operations
(9,190
)
 
(11,419
)
 
(7,687
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations
$
15,199

 
$
19,448

 
$
13,776
Schedule of details of segment information
 
Total
revenue
 
NOI
 
% NOI change
from prior year
 
Gross
real estate (1)
For the year ended December 31, 2014 (2)
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
179,116

 
$
113,905

 
0.8
 %
 
$
1,373,065

Metro NY/NJ
318,710

 
223,591

 
3.1
 %
 
2,379,178

Mid-Atlantic
98,590

 
69,498

 
(2.5
)%
 
647,374

Pacific Northwest
54,230

 
37,637

 
7.0
 %
 
500,247

Northern California
174,527

 
132,899

 
8.2
 %
 
1,402,444

Southern California
139,841

 
95,626

 
5.2
 %
 
1,225,328

Total Established (3)
965,014

 
673,156

 
3.5
 %
 
7,527,636

 
 
 
 
 
 
 
 
Other Stabilized
497,756

 
343,061

 
N/A

 
6,062,844

Development / Redevelopment
186,852

 
117,879

 
N/A

 
3,972,180

Land Held for Future Development
N/A

 
N/A

 
N/A

 
180,516

Non-allocated (4)
11,050

 
N/A

 
N/A

 
41,643

Total
$
1,660,672

 
$
1,134,096

 
16.0
 %
 
$
17,784,819

 
 
 
 
 
 
 
 
For the year ended December 31, 2013
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
159,670

 
$
103,679

 
2.3
 %
 
$
1,227,582

Metro NY/NJ
249,742

 
172,912

 
4.4
 %
 
1,921,307

Mid-Atlantic
100,548

 
71,851

 
0.1
 %
 
633,598

Pacific Northwest
46,564

 
31,283

 
5.3
 %
 
444,825

Northern California
141,038

 
106,745

 
11.7
 %
 
1,233,851

Southern California
119,024

 
81,182

 
5.1
 %
 
1,058,883

Total Established (3)
816,586

 
567,652

 
4.9
 %
 
6,520,046

 
 
 
 
 
 
 
 
Other Stabilized
486,780

 
330,998

 
N/A

 
6,626,884

Development / Redevelopment
117,186

 
79,348

 
N/A

 
3,024,035

Land Held for Future Development
N/A

 
N/A

 
N/A

 
300,364

Non-allocated (4)
11,502

 
N/A

 
N/A

 
10,279

Total
$
1,432,054

 
$
977,998

 
46.4
 %
 
$
16,481,608

 
 
 
 
 
 
 
 
For the year ended December 31, 2012
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
145,629

 
$
94,481

 
5.1
 %
 
$
1,115,098

Metro NY/NJ
213,360

 
148,441

 
7.4
 %
 
1,760,429

Mid-Atlantic
103,784

 
75,313

 
3.2
 %
 
591,669

Pacific Northwest
32,942

 
23,433

 
15.0
 %
 
306,289

Northern California
112,875

 
83,091

 
14.1
 %
 
1,015,947

Southern California
99,302

 
68,880

 
7.0
 %
 
947,723

Total Established (3)
707,892

 
493,639

 
7.6
 %
 
5,737,155

 
 
 
 
 
 
 
 
Other Stabilized
131,248

 
84,504

 
N/A

 
1,284,666

Development / Redevelopment
129,767

 
89,785

 
N/A

 
2,032,277

Land Held for Future Development
N/A

 
N/A

 
N/A

 
316,037

Non-allocated (4)
10,257

 
N/A

 
N/A

 
73,724

Total
$
979,164

 
$
667,928

 
14.6
 %
 
$
9,443,859

_________________________________
(1)
Does not include gross real estate assets held for sale of $64,497, $318,713 and $627,483 as of December 31, 2014, 2013 and 2012, respectively.
(2)
Results for the year ended December 31, 2014 reflect the operating segments determined as of January 1, 2014, which include stabilized communities acquired as part of the Archstone Acquisition in the Other Stabilized segment.
(3)
Gross real estate for the Company's Established Communities includes capitalized additions of approximately $52,635, $33,553 and $25,448 in 2014, 2013 and 2012, respectively.
(4)
Revenue represents third-party management, accounting, and developer fees and miscellaneous income which are not allocated to a reportable segment.