Organization, Ownership and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of allocation of rental income between fixed and variable payments

The table below sets forth the allocation of rental income between fixed and variable payments for the three and six months ended June 30, 2019:

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
	(in thousands)
Fixed lease payments	$	173,013	$	344,827
Variable lease payments	24,616		52,184
Total rental income	$	197,629	$	397,011

Summary of real estate properties

As of June 30, 2019, the following properties were excluded from our stabilized portfolio. We did not have any redevelopment properties or properties held for sale at June 30, 2019.

	Number of Properties/Projects	Estimated Rentable Square Feet (1)
In-process development projects - tenant improvement (2)	2	846,000
In-process development projects - under construction (3)	5	2,095,000

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(1) Estimated rentable square feet upon completion.

(2) Includes 96,000 square feet of retail space.

(3) In addition to the estimated office rentable square feet noted above, development projects under construction also include 801 residential units.

Our stabilized portfolio of operating properties was comprised of the following properties at June 30, 2019:

	Number of Buildings	Rentable Square Feet	Number of Tenants	Percentage  Occupied		Percentage Leased
Stabilized Office Properties	94	13,546,615	461	93.8	%	97.2	%

	Number of Buildings	Number of Units	2019 Average Occupancy
Stabilized Residential Property	1	200	73.4	%