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Investments in Unconsolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Condensed Balance Sheet of Equity Method Investments [Table Text Block]
The condensed balance sheets as of December 31, 2014 and 2013 and condensed statements of operations for the years ended December 31, 2014, 2013 and 2012 for Liberty Venture I, LP, Kings Hill Unit Trust, Liberty Illinois, LP, Blythe Valley JV Sarl (no remaining interest as of December 31, 2013), Liberty Washington, LP, Liberty/Commerz, Liberty Property 18th & Arch and the other unconsolidated joint ventures are as follows (in thousands):
Condensed Balance Sheets:
 
December 31, 2014
 
Liberty
 
Kings Hill
 
Liberty
 
Liberty
 
Liberty/
 
Liberty Property
 
 
 
 
 
Venture I, LP
 
Unit Trust
 
Illinois, LP
 
Washington, LP
 
Commerz
 
18th & Arch (3)
 
Other
 
Total
Real estate assets
$
173,346

 
$
173,707

 
$
260,988

 
$
603,413

 
$
494,678

 
$

 
$
69,041

 
$
1,775,173

Accumulated depreciation
(32,752
)
 
(26,494
)
 
(48,191
)
 
(35,384
)
 
(97,189
)
 

 
(9,651
)
 
(249,661
)
   Real estate assets, net
140,594

 
147,213

 
212,797

 
568,029

 
397,489

 

 
59,390

 
1,525,512

Development in progress

 

 
17,973

 

 

 
111,244

 
4,366

 
133,583

Land held for development
14,108

 

 
28,362

 
2,000

 

 

 
39,438

 
83,908

Other assets
15,523

 
14,928

 
20,182

 
50,657

 
52,393

 
1,306

 
38,215

 
193,204

   Total assets
$
170,225

 
$
162,141

 
$
279,314

 
$
620,686

 
$
449,882

 
$
112,550

 
$
141,409

 
$
1,936,207

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt
$
78,748

 
$
91,356

 
$
145,752

 
$
318,367

 
$
317,934

 
$

 
$
43,114

 
$
995,271

Other liabilities
5,215

 
94,504

 
13,812

 
12,022

 
9,657

 
13,398

 
14,306

 
162,914

Equity
86,262

 
(23,719
)
 
119,750

 
290,297

 
122,291

 
99,152

 
83,989

 
778,022

   Total liabilities and equity
$
170,225

 
$
162,141

 
$
279,314

 
$
620,686

 
$
449,882

 
$
112,550

 
$
141,409

 
$
1,936,207

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company's net investment in unconsolidated joint ventures (1)
$
20,010

 
$
11,663

 
$
18,692

 
$
69,230

 
$
23,153

 
$
21,292

 
$
44,792

 
$
208,832


 
December 31, 2013
 
Liberty
 
Kings Hill
 
Liberty
 
Liberty
 
Liberty/
 
 
 
 
 
Venture I, LP
 
Unit Trust
 
Illinois, LP
 
Washington, LP
 
Commerz
 
Other
 
Total
Real estate assets
$
129,354

 
$
182,220

 
$
261,375

 
$
887,452

 
$
494,150

 
$
70,274

 
$
2,024,825

Accumulated depreciation
(32,617
)
 
(25,006
)
 
(43,304
)
 
(131,064
)
 
(83,461
)
 
(8,456
)
 
(323,908
)
   Real estate assets, net
96,737

 
157,214

 
218,071

 
756,388

 
410,689

 
61,818

 
1,700,917

Development in progress
2,226

 

 

 



 

 
2,226

Land held for development
2,842

 

 
42,770

 
2,000

 

 
47,549

 
95,161

Other assets
11,531

 
20,173

 
20,346

 
58,701

 
50,680

 
15,911

 
177,342

   Total assets
$
113,336

 
$
177,387

 
$
281,187

 
$
817,089

 
$
461,369

 
$
125,278

 
$
1,975,646

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Debt
$
72,121

 
$
97,091

 
$
140,400

 
$
319,856

 
$
321,401

 
$
43,151

 
$
994,020

Other liabilities
4,032

 
100,112

 
7,936

 
15,012

 
9,544

 
9,846

 
146,482

Equity
37,183

 
(19,816
)
 
132,851

 
482,221

 
130,424

 
72,281

 
835,144

   Total liabilities and equity
$
113,336

 
$
177,387

 
$
281,187

 
$
817,089

 
$
461,369

 
$
125,278

 
$
1,975,646

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company's net investment in unconsolidated joint ventures (1)
$
8,551

 
$
12,772

 
$
21,688

 
$
72,981

 
$
24,740

 
$
38,923

 
$
179,655



Schedule of Condensed Statements of Operations of Equity Method Investments [Table Text Block]
Condensed Statements of Operations (2):
 
Year Ended December 31, 2014
 
Liberty
 
Kings Hill
 
Liberty
 
Liberty
 
Liberty/
 
Liberty Property
 
Other
 
 
 
Venture I, LP
 
Unit Trust
 
Illinois, LP
 
Washington, LP
 
Commerz
 
18th & Arch (3)
 
(4)
 
Total
Total revenue
$
19,277

 
$
13,221

 
$
25,181

 
$
72,824

 
$
63,580

 
$

 
$
8,923

 
$
203,006

Operating expense
6,398

 
5,387

 
8,965

 
28,349

 
23,557

 
199

 
2,897

 
75,752

 
12,879

 
7,834

 
16,216

 
44,475

 
40,023

 
(199
)
 
6,026

 
127,254

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Interest
(5,078
)
 
(6,110
)
 
(7,932
)
 
(18,612
)
 
(20,179
)
 

 
(3,415
)
 
(61,326
)
Depreciation and amortization
(5,757
)
 
(4,135
)
 
(7,380
)
 
(27,112
)
 
(14,591
)
 

 
(1,891
)
 
(60,866
)
Other income/(expense)
(17
)
 
208

 
39

 
375

 
(278
)
 
(13
)
 
9,090

 
9,404

Gain (loss) on sale/impairment

 

 
187

 
(172,691
)
 

 

 

 
(172,504
)
Net income (loss)
$
2,027

 
$
(2,203
)
 
$
1,130

 
$
(173,565
)
 
$
4,975

 
$
(212
)
 
$
9,810

 
$
(158,038
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


Company's equity in earnings (loss) of unconsolidated joint ventures
$
788

 
$
(288
)
 
$
824

 
$
2,251

 
$
1,633

 
$
(33
)
 
$
5,139

 
$
10,314

 
 
Year Ended December 31, 2013
 
Liberty
 
Kings Hill
 
Liberty
 
Liberty
 
Liberty/
 
 
 
 
 
Venture I, LP
 
Unit Trust
 
Illinois, LP
 
Washington, LP
 
Commerz
 
Other
 
Total
Total revenue
$
16,238

 
$
12,701

 
$
24,455

 
$
75,821

 
$
62,411

 
$
8,415

 
$
200,041

Operating expense
5,248

 
4,187

 
8,353

 
27,549

 
23,074

 
2,636

 
71,047

 
10,990

 
8,514

 
16,102

 
48,272

 
39,337

 
5,779

 
128,994

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
(5,318
)
 
(5,133
)
 
(8,348
)
 
(18,946
)
 
(20,391
)
 
(2,933
)
 
(61,069
)
Depreciation and amortization
(4,414
)
 
(3,829
)
 
(7,382
)
 
(28,392
)
 
(14,734
)
 
(1,870
)
 
(60,621
)
Other income/(expense)
53

 
71

 
38

 
122

 
(233
)
 
(37
)
 
14

Loss from discontinued operations

 
(5,647
)
 

 
(8,731
)
 

 

 
(14,378
)
Net income (loss)
$
1,311

 
$
(6,024
)
 
$
410

 
$
(7,675
)
 
$
3,979

 
$
939

 
$
(7,060
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company's equity in earnings (loss) of unconsolidated joint ventures
$
530

 
$
(908
)
 
$
618

 
$
3,748

 
$
1,406

 
$
673

 
$
6,067


 
Year Ended December 31, 2012
 
Liberty
 
Kings Hill
 
Liberty
 
Blythe Valley
 
Liberty
 
Liberty/
 
 
 
 
 
Venture I, LP
 
Unit Trust
 
Illinois, LP
 
JV Sarl
 
Washington, LP
 
Commerz
 
Other
 
Total
Total revenue
$
15,328

 
$
15,642

 
$
22,156

 
$
14,278

 
$
81,128

 
$
62,484

 
$
7,481

 
$
218,497

Operating expense
5,277

 
4,237

 
8,093

 
3,921

 
27,901

 
22,935

 
2,392

 
74,756

 
10,051

 
11,405

 
14,063

 
10,357

 
53,227

 
39,549

 
5,089

 
143,741

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
(5,402
)
 
(6,520
)
 
(8,348
)
 
(12,130
)
 
(21,260
)
 
(20,501
)
 
(2,989
)
 
(77,150
)
Depreciation and amortization
(3,930
)
 
(3,731
)
 
(7,395
)
 
(4,148
)
 
(28,749
)
 
(15,411
)
 
(1,885
)
 
(65,249
)
Other income/(expense)
40

 
(160
)
 
31

 
211

 
149

 
(80
)
 
21

 
212

Impairment

 

 

 
(77,026
)
 

 

 

 
(77,026
)
Net income (loss)
$
759

 
$
994

 
$
(1,649
)
 
$
(82,736
)
 
$
3,367

 
$
3,557

 
$
236

 
$
(75,472
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company's equity in earnings (loss) of unconsolidated joint ventures
$
306

 
$
352

 
$
106

 
$
(5,610
)
 
$
3,243

 
$
1,304

 
$
(382
)
 
$
(681
)


(1)
Differences between the Company's net investment in unconsolidated joint ventures and its underlying equity in the net assets of the venture are primarily a result of impairments related to the Company's investment in unconsolidated joint ventures, the deferral of gains associated with the sales of properties to joint ventures in which the Company retains an ownership interest and loans made to the joint ventures by the Company. These adjustments have resulted in an aggregate difference increasing the Company's investments in unconsolidated joint ventures by $3.2 million as of December 31, 2014 and reducing the Company's investment in unconsolidated joint ventures by $41.7 million as of December 31, 2013. Differences between historical cost basis and the basis reflected at the joint venture level (other than loans) are typically depreciated over the life of the related asset.
(2) The year ended December 31, 2012 has not been restated for discontinued operations.
(3) Represents the combined results of two joint ventures related to the property at 18th and Arch Streets, Philadelphia.
(4) Other income/(expense) for this group of joint ventures reflects gains related to the sales of land leasehold interests totaling $9.1 million.