Investments in Unconsolidated Companies (Tables)

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information for Unconsolidated Companies

Combined summarized financial information for the unconsolidated companies at December 31, 2014 and 2013, and for the years ended December 31, 2014, 2013 and 2012, are as follows (in thousands):

	2014		2013		2012
Rental revenue	$	230,093	$	240,064	$	291,534
Gain on sale of properties	$	121,713	$	121,404	$	6,792
Net income	$	143,857	$	116,832	$	3,125
Equity in earnings of unconsolidated companies	$	94,317	$	54,116	$	4,674
Land, buildings and tenant improvements, net	$	1,251,470	$	1,656,231
Construction in progress	34,680		12,338
Undeveloped land	115,252		126,556
Other assets	168,653		206,414
	$	1,570,055	$	2,001,539
Indebtedness	$	639,810	$	890,513
Other liabilities	71,818		93,291
	711,628		983,804
Owners' equity	858,427		1,017,735
	$	1,570,055	$	2,001,539
Investments in and advances to unconsolidated companies (1)	$	293,650	$	342,947

Schedule of Maturities of Long-term Debt of Unconsolidated Joint Ventures

The scheduled principal payments of long term debt for the unconsolidated joint ventures for each of the next five years and thereafter as of December 31, 2014 are as follows (in thousands):

Year	Future Repayments
2015	$	55,740
2016	54,033
2017	337,228
2018	86,981
2019	15,747
Thereafter	89,747
	$	639,476