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Investments in Unconsolidated Joint Ventures (Balance Sheets of the Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
ASSETS      
Real estate and development in process, net $ 17,622,212   $ 16,752,119
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY      
Mortgage and notes payable, net 2,922,408   2,964,572
Other Liabilities 387,994   503,726
Total liabilities and equity / capital 21,284,905   20,256,477
Carying value of the Company's investment in unconsolidated joint ventures 955,647   956,309
Right-of-use assets - finance leases 237,394    
Right of use assets - operating leases 148,640 $ 151,800  
Lease liabilities - finance leases 224,042    
Lease liabilities - operating leases 200,180 $ 199,300  
Unconsolidated Joint Ventures [Member]      
ASSETS      
Real estate and development in process, net [1] 3,904,400   3,545,906
Other assets 502,706   543,512
Total assets 4,407,106   4,089,418
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY      
Mortgage and notes payable, net 2,218,853   2,017,609
Other Liabilities [2] 749,675   582,006
Members'/Partners' equity 1,438,578   1,489,803
Total liabilities and equity / capital 4,407,106   4,089,418
Company's share of equity 591,905   622,498
Basis differentials [3] 341,318   308,721
Carying value of the Company's investment in unconsolidated joint ventures [4] 933,223   931,219
Right-of-use assets - finance leases 383,900    
Right of use assets - operating leases 12,100    
Lease liabilities - finance leases 510,800    
Lease liabilities - operating leases 17,300    
Colorado Center [Member]      
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY      
Basis differentials 311,300   316,700
Unconsolidated Joint Ventures [Member]      
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY      
Other Liabilities $ 22,400   $ 25,100
[1]
At December 31, 2019, this amount includes right of use assets - finance leases and right of use assets - operating leases totaling approximately $383.9 million and $12.1 million, respectively.
[2]
At December 31, 2019, this amount includes lease liabilities - finance leases and lease liabilities - operating leases totaling approximately $510.8 million and $17.3 million, respectively.
[3]
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, 2019 and 2018, there was an aggregate basis differential of approximately $311.3 million and $316.7 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.
[4]
Investments with deficit balances aggregating approximately $22.4 million and $25.1 million at December 31, 2019 and 2018, respectively, have been reflected within Other Liabilities in the Company’s Consolidated Balance Sheets.