Investments in Unconsolidated Companies (Tables)

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information for Unconsolidated Companies

Combined summarized financial information for the unconsolidated joint ventures at December 31, 2017 and 2016, and for the years ended December 31, 2017, 2016 and 2015, are as follows (in thousands):

	2017		2016		2015
Rental revenue	$	71,424	$	122,019	$	160,543
Gain on sale of properties	$	4,986	$	100,806	$	23,696
Net income	$	20,673	$	122,727	$	60,772
Equity in earnings (loss) of unconsolidated joint ventures (1)	$	63,310	$	47,403	$	(3,304	)
Land, buildings and tenant improvements, net	$	383,581	$	529,926
Construction in progress	65,715		31,838
Undeveloped land	30,170		90,560
Other assets	76,695		91,045
	$	556,161	$	743,369
Indebtedness	$	235,497	$	172,811
Other liabilities	39,497		32,633
	274,994		205,444
Owners' equity	281,167		537,925
	$	556,161	$	743,369
Investments in and advances to unconsolidated joint ventures (2)	$	126,487	$	197,807

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

The scheduled principal payments of long term debt for the unconsolidated joint ventures, at our ratable ownership percentage, for each of the next five years and thereafter as of December 31, 2017 are as follows (in thousands):

Year	Future Repayments
2018	$	136
2019	4,118
2020	9,533
2021	57,629
2022	122
Thereafter	36,993
	$	108,531