Investments in Unconsolidated Companies (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information for Unconsolidated Companies

Combined summarized financial information for the unconsolidated companies at December 31, 2015 and 2014, and for the years ended December 31, 2015, 2014 and 2013, are as follows (in thousands):

	2015			2014		2013
Rental revenue	$	160,543		$	230,093	$	240,064
Gain on sale of properties	$	23,696		$	121,713	$	121,404
Net income	$	60,772		$	143,857	$	116,832
Equity in earnings (loss) of unconsolidated companies	$	(3,304	)	$	94,317	$	54,116
Land, buildings and tenant improvements, net	$	1,029,803		$	1,251,470
Construction in progress	64,646			34,680
Undeveloped land	115,773			115,252
Other assets	144,337			168,653
	$	1,354,559		$	1,570,055
Indebtedness	$	413,651		$	639,810
Other liabilities	91,836			71,818
	505,487			711,628
Owners' equity	849,072			858,427
	$	1,354,559		$	1,570,055
Investments in and advances to unconsolidated companies (1)	$	268,390		$	293,650

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, 2015 are as follows (in thousands):

Year	Future Repayments
2016	$	53,835
2017	133,770
2018	68,836
2019	15,516
2020	30,504
Thereafter	111,071
	$	413,532