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Investments in Unconsolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]  
Investments In Unconsolidated Joint Ventures
The investments in unconsolidated joint ventures consist of the following at December 31, 2018 and 2017:
 
 
 
 
 
 
Carrying Value of Investment (1)
Entity
 
Properties
 
Nominal %
Ownership
 
December 31,
2018
 
December 31,
2017
 
 
 
 
 
 
(in thousands)
Square 407 Limited Partnership
 
Market Square North
 
50.0
%
 
$
(6,424
)
 
$
(8,258
)
The Metropolitan Square Associates LLC
 
Metropolitan Square
 
20.0
%
 
2,644

 
3,339

BP/CRF 901 New York Avenue LLC
 
901 New York Avenue
 
25.0
%
(2) 
(13,640
)
 
(13,811
)
WP Project Developer LLC
 
Wisconsin Place Land and Infrastructure
 
33.3
%
(3) 
38,214

 
39,710

Annapolis Junction NFM LLC
 
Annapolis Junction
 
50.0
%
(4) 
25,268

 
18,381

540 Madison Venture LLC
 
540 Madison Avenue
 
60.0
%
 
66,391

 
66,179

500 North Capitol Venture LLC
 
500 North Capitol Street, NW
 
30.0
%
 
(5,026
)
 
(3,876
)
501 K Street LLC
 
1001 6th Street
 
50.0
%
(5) 
42,557

 
42,657

Podium Developer LLC
 
The Hub on Causeway - Podium
 
50.0
%
 
69,302

 
67,120

Residential Tower Developer LLC
 
The Hub on Causeway - Residential
 
50.0
%
 
47,505

 
28,212

Hotel Tower Developer LLC
 
The Hub on Causeway - Hotel Air Rights
 
50.0
%
 
3,022

 
1,690

Office Tower Developer LLC
 
100 Causeway Street
 
50.0
%
(6)
23,804

 

1265 Main Office JV LLC
 
1265 Main Street
 
50.0
%
 
3,918

 
4,641

BNY Tower Holdings LLC
 
Dock 72
 
50.0
%
 
82,520

 
72,104

CA-Colorado Center Limited Partnership
 
Colorado Center
 
50.0
%
 
253,495

 
254,440

7750 Wisconsin Avenue LLC
 
7750 Wisconsin Avenue
 
50.0
%
(6)
69,724

 
21,452

BP-M 3HB Venture LLC
 
3 Hudson Boulevard
 
25.0
%
 
46,993

 

SMBP Venture LP
 
Santa Monica Business Park
 
55.0
%
 
180,952

 

 
 
 
 
 
 
$
931,219

 
$
593,980

 _______________
(1)
Investments with deficit balances aggregating approximately $25.1 million and $25.9 million at December 31, 2018 and 2017, respectively, are included within Other Liabilities in the Company’s Consolidated Balance Sheets.
(2)
The Company’s economic ownership has increased based on the achievement of certain return thresholds.
(3)
The Company’s wholly-owned subsidiary that owns Wisconsin Place Office also owns a 33.3% interest in the joint venture entity that owns the land, parking garage and infrastructure of the project.
(4)
The joint venture owns three in-service buildings and two undeveloped land parcels.
(5)
Under the joint venture agreement for this land parcel, the partner will be entitled to up to two additional payments from the venture based on increases in total entitled square footage of the project above 520,000 square feet and achieving certain project returns at stabilization.
(6)
This entity is a VIE (See Note 1).
Schedule Of Balance Sheets Of The Unconsolidated Joint Ventures [Text Block]
The combined summarized balance sheets of the Company’s unconsolidated joint ventures are as follows: 
 
December 31,
2018
 
December 31,
2017
 
(in thousands)
ASSETS
 
 
 
Real estate and development in process, net
$
3,545,906

 
$
1,768,996

Other assets
543,512

 
367,743

Total assets
$
4,089,418

 
$
2,136,739

LIABILITIES AND MEMBERS’/PARTNERS’ EQUITY
 
 
 
Mortgage and notes payable, net
$
2,017,609

 
$
1,437,440

Other liabilities
582,006

 
99,215

Members’/Partners’ equity
1,489,803

 
600,084

Total liabilities and members’/partners’ equity
$
4,089,418

 
$
2,136,739

Company’s share of equity
$
622,498

 
$
286,495

Basis differentials (1)
308,721

 
307,485

Carrying value of the Company’s investments in unconsolidated joint ventures (2)
$
931,219

 
$
593,980

 _______________
(1)
This amount represents the aggregate difference between the Company’s historical cost basis and the basis reflected at the joint venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials result from impairments of investments, acquisitions through joint ventures with no change in control and upon the transfer of assets that were previously owned by the Company into a joint venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the joint venture level. At December 31, 2018 and 2017, there was an aggregate basis differential of approximately $316.7 million and $322.5 million, respectively, between the carrying value of the Company’s investment in the joint venture that owns Colorado Center and the joint venture’s basis in the assets and liabilities, which differential (excluding land) shall be amortized over the remaining lives of the related assets and liabilities.
(2)
Investments with deficit balances aggregating approximately $25.1 million and $25.9 million at December 31, 2018 and 2017, respectively, have been reflected within Other Liabilities in the Company’s Consolidated Balance Sheets.
Statements Of Operations Of The Joint Ventures
The combined summarized statements of operations of the Company’s unconsolidated joint ventures are as follows: 
 
For the year ended December 31,
 
2018
 
2017
 
2016
 
(in thousands)
Total revenue (1)
$
271,951

 
$
222,517

 
$
177,182

Expenses
 
 
 
 
 
Operating
106,610

 
90,542

 
76,741

Depreciation and amortization (2)
103,079

 
57,079

 
44,989

Total expenses
209,689

 
147,621

 
121,730

Other income (expense)
 
 
 
 
 
Interest expense
(71,308
)
 
(46,371
)
 
(34,016
)
Gain on sale of real estate
16,951

 

 

Net income
$
7,905


$
28,525

 
$
21,436

 
 
 
 
 
 
Company’s share of net income
$
8,084

 
$
18,439

 
$
9,873

Basis differential (3)
(5,862
)
 
(7,207
)
 
(1,799
)
Income from unconsolidated joint ventures
$
2,222

 
$
11,232

 
$
8,074

 
 
 
 
 
 
Gain on sale of investment in unconsolidated joint venture
$

 
$

 
$
59,370

_______________ 
(1)
Includes straight-line rent adjustments of approximately $15.9 million, $21.7 million and $18.1 million for the years ended December 31, 2018, 2017 and 2016, respectively.
(2)
During the year ended December 31, 2018, the joint venture that owns Metropolitan Square in Washington, DC, commenced a renovation project and recorded accelerated depreciation expense of approximately $22.4 million related to the remaining book value of the assets to be replaced. The Company's share of the accelerated depreciation expense totaled approximately $4.5 million.
(3)
Includes straight-line rent adjustments of approximately $2.4 million, $1.9 million and $1.4 million for the years ended December 31, 2018, 2017 and 2016, respectively. Also includes net above-/below-market rent adjustments of approximately $1.6 million, $2.9 million and $0.9 million for the years ended December 31, 2018, 2017 and 2016, respectively.
Santa Monica Business Park [Member]  
Schedule of Equity Method Investments [Line Items]  
Schedule of Asset Acquistion [Table Text Block]
The following table summarizes the allocation of the joint venture's aggregate purchase price for Santa Monica Business Park at the date of acquisition (in thousands). 
Land and improvements
$
100,453

Leasehold interest in land
248,944

Site improvements
13,379

Building and improvements
593,669

Tenant improvements
31,329

In-place lease intangibles
47,955

Above-market lease intangible
4,495

Below-market lease intangible
(17,503
)
Capital lease obligation
(396,008
)
Net assets acquired
$
626,713