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Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of reconciliation of NOI to net income
A reconciliation of NOI to net income for the three and nine months ended September 30, 2016 and 2015 is as follows (dollars in thousands):
 
For the three months ended
 
For the nine months ended
 
9/30/2016
 
9/30/2015
 
9/30/2016
 
9/30/2015
Net income
$
356,329

 
$
206,076

 
$
791,525

 
$
586,381

Indirect operating expenses, net of corporate income
14,946

 
13,427

 
46,960

 
43,642

Investments and investment management expense
1,205

 
1,167

 
3,545

 
3,274

Expensed acquisition, development and other pursuit costs, net of recoveries
3,804

 
3,391

 
8,702

 
5,251

Interest expense, net
47,871

 
43,234

 
137,862

 
133,398

(Gain) loss on extinguishment of debt, net
—

 
(18,987
)
 
2,461

 
(26,736
)
General and administrative expense
11,928

 
10,464

 
35,343

 
31,266

Equity in loss (income) of unconsolidated real estate entities
342

 
(20,554
)
 
(54,779
)
 
(68,925
)
Depreciation expense
131,729

 
120,184

 
391,414

 
355,664

Income tax expense
22

 
39

 
95

 
1,348

Casualty and impairment loss (gain), net
—

 
658

 
(3,935
)
 
(10,668
)
Gain on sale of real estate
(212,941
)
 
(35,216
)
 
(295,503
)
 
(115,798
)
Net operating income from real estate assets sold or held for sale (1)
(5,525
)
 
(9,180
)
 
(19,751
)
 
(28,248
)
        Net operating income
$
349,710

 
$
314,703

 
$
1,043,939

 
$
909,849

__________________________________

(1)
Represents NOI from real estate assets sold or held for sale as of September 30, 2016 that are not otherwise 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 for the periods presented (dollars in thousands):
 
For the three months ended
 
For the nine months ended
 
9/30/2016
 
9/30/2015
 
9/30/2016
 
9/30/2015
 
 
 
 
 
 
 
 
Rental income from real estate assets sold or held for sale
$
8,814

 
$
15,098

 
$
31,731

 
$
46,610

Operating expenses from real estate assets sold or held for sale
(3,289
)
 
(5,918
)
 
(11,980
)
 
(18,362
)
Net operating income from real estate assets sold or held for sale
$
5,525

 
$
9,180

 
$
19,751

 
$
28,248
Schedule of details of segment information
 
For the three months ended
 
For the nine months ended
 
 
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Gross real estate (1)
For the period ended September 30, 2016
 
 

 
 
 
 
 
 
 
 

Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
59,321

 
$
37,657

 
0.6
%
 
$
174,731

 
$
111,497

 
5.9
 %
 
$
1,845,679

Metro NY/NJ
96,231

 
65,299

 
1.5
%
 
283,554

 
193,001

 
2.0
 %
 
3,206,696

Mid-Atlantic
58,929

 
40,029

 
0.4
%
 
174,922

 
120,623

 
1.4
 %
 
2,335,116

Pacific Northwest
20,216

 
14,502

 
9.5
%
 
59,333

 
42,753

 
6.6
 %
 
736,377

Northern California
80,783

 
61,560

 
5.9
%
 
238,867

 
182,658

 
8.0
 %
 
2,657,020

Southern California
73,570

 
52,527

 
11.1
%
 
217,686

 
155,242

 
10.3
 %
 
2,667,875

Total Established
389,050

 
271,574

 
4.3
%
 
1,149,093

 
805,774

 
5.5
 %
 
13,448,763

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized (2)
53,905

 
34,812

 
N/A

 
177,016

 
125,017

 
N/A

 
2,325,539

Development / Redevelopment
63,122

 
43,324

 
N/A

 
164,865

 
113,148

 
N/A

 
3,994,361

Land Held for Future Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
519,626

Non-allocated (3)
1,320

 
N/A

 
N/A

 
4,310

 
N/A

 
N/A

 
74,374

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
507,397

 
$
349,710

 
11.1
%
 
$
1,495,284

 
$
1,043,939

 
14.7
 %
 
$
20,362,663

 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the period ended September 30, 2015
 
 

 
 
 
 
 
 
 
 

Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
45,245

 
$
29,036

 
3.4
%
 
$
132,054

 
$
81,883

 
0.8
 %
 
$
1,487,944

Metro NY/NJ
92,153

 
65,207

 
3.8
%
 
270,406

 
190,735

 
3.1
 %
 
3,196,771

Mid-Atlantic
52,839

 
36,157

 
0.3
%
 
156,806

 
108,125

 
(0.4
)%
 
2,172,951

Pacific Northwest
17,319

 
12,077

 
5.0
%
 
50,563

 
36,214

 
8.0
 %
 
720,223

Northern California
69,850

 
53,095

 
9.5
%
 
202,508

 
155,464

 
10.8
 %
 
2,412,264

Southern California
65,019

 
43,714

 
7.9
%
 
190,513

 
130,278

 
9.1
 %
 
2,505,625

Total Established
342,425

 
239,286

 
5.2
%
 
1,002,850

 
702,699

 
5.2
 %
 
12,495,778

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized
56,564

 
36,949

 
N/A

 
165,319

 
108,355

 
N/A

 
2,106,947

Development / Redevelopment
59,112

 
38,468

 
N/A

 
152,694

 
98,795

 
N/A

 
3,795,868

Land Held for Future Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
553,729

Non-allocated (3)
2,161

 
N/A

 
N/A

 
7,714

 
N/A

 
N/A

 
50,556

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
460,262

 
$
314,703

 
11.5
%
 
$
1,328,577

 
$
909,849

 
12.8
 %
 
$
19,002,878

__________________________________

(1)
Does not include gross real estate assets held for sale of $135,054 as of September 30, 2016.
(2)
Total revenue and NOI for the nine months ended September 30, 2016 includes $20,306 in business interruption insurance proceeds related to the Edgewater casualty loss.
(3)
Revenue represents third-party management, asset management and developer fees and miscellaneous income which are not allocated to a reportable segment.