Investments in Unconsolidated Companies (Tables)

12 Months Ended

Dec. 31, 2018

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, 2018 and 2017, and for the years ended December 31, 2018, 2017 and 2016, are as follows (in thousands):

	2018		2017		2016
Rental revenue	$	60,446	$	71,424	$	122,019
Gain on sale of properties	$	25,879	$	4,986	$	100,806
Net income	$	44,372	$	20,673	$	122,727
Equity in earnings of unconsolidated joint ventures (1)	$	21,444	$	63,310	$	47,403
Land, buildings and tenant improvements, net	$	328,959	$	383,581
Construction in progress	43,892		65,715
Undeveloped land	28,247		30,170
Other assets	88,448		76,695
	$	489,546	$	556,161
Indebtedness	$	209,584	$	235,497
Other liabilities	38,172		39,497
	247,756		274,994
Owners' equity	241,790		281,167
	$	489,546	$	556,161
Investments in and advances to unconsolidated joint ventures (2)	$	110,795	$	126,487

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, 2018 are as follows (in thousands):

Year	Future Repayments
2019	$	3,955
2020	—
2021	61,094
2022	122
2023	126
Thereafter	36,867
	$	102,164