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Investments in Unconsolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2021
Schedule of Equity Method Investments [Line Items]  
Investments In Unconsolidated Joint Ventures
The investments in unconsolidated joint ventures consist of the following at June 30, 2021 and December 31, 2020:
 Carrying Value of Investment (1)
EntityPropertiesNominal %
Ownership		June 30,
2021		December 31,
2020
(in thousands)
Square 407 Limited PartnershipMarket Square North50.0 %$(2,606)$(3,766)
BP/CRF Metropolitan Square LLCMetropolitan Square20.0 %(13,223)(13,584)
901 New York, LLC901 New York Avenue25.0 %(2) (12,191)(12,264)
WP Project Developer LLC
Wisconsin Place Land and Infrastructure
33.3 %(3) 34,505 35,297 
Annapolis Junction NFM LLCAnnapolis Junction50.0 %(4) N/A13,463 
540 Madison Venture LLC540 Madison Avenue60.0 %(5) — 122 
500 North Capitol Venture LLC500 North Capitol Street, NW30.0 %(7,467)(6,945)
501 K Street LLC
1001 6th Street
50.0 %(6) 42,495 42,499 
Podium Developer LLCThe Hub on Causeway - Podium50.0 %49,006 48,818 
Residential Tower Developer LLCHub50House50.0 %48,520 50,943 
Hotel Tower Developer LLC
The Hub on Causeway - Hotel Air Rights
50.0 %11,316 10,754 
Office Tower Developer LLC100 Causeway Street50.0 %56,589 56,312 
1265 Main Office JV LLC1265 Main Street50.0 %3,757 3,787 
BNY Tower Holdings LLCDock 72 50.0 %28,116 29,536 
BNYTA Amenity Operator LLC Dock 72 50.0 %1,297 1,846 
CA-Colorado Center Limited Partnership
Colorado Center50.0 %229,564 227,671 
7750 Wisconsin Avenue LLC 7750 Wisconsin Avenue 50.0 %59,208 58,112 
BP-M 3HB Venture LLC3 Hudson Boulevard25.0 %116,848 113,774 
SMBP Venture LPSanta Monica Business Park55.0 %157,593 145,761 
Platform 16 Holdings LPPlatform 1655.0 %(7)108,241 108,393 
Gateway Portfolio Holdings LLCGateway Commons50.0 %(8)331,389 336,206 
Rosecrans-Sepulveda Partners 4, LLCBeach Cities Media Campus50.0 %27,145 27,184 
$1,270,102 $1,273,919 
 _______________
(1)Investments with deficit balances aggregating approximately $35.5 million and $36.6 million at June 30, 2021 and December 31, 2020, 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. At June 30, 2021 and December 31, 2020, the Company’s economic ownership was approximately 50%.
(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)On March 30, 2021, the Company sold its interest in the joint venture to the partner. See below for additional details.
(5)The property was sold on June 27, 2019. As of December 31, 2020, the investment consisted of undistributed cash. All remaining cash has been distributed as of June 30, 2021.
(6)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.
(7)This entity is a VIE (See Note 2).
(8)As a result of the partner’s deferred contribution, the Company owned an approximately 53% and 55% interest in the joint venture at June 30, 2021 and December 31, 2020, respectively. Future development projects will be owned 49% by the Company and 51% by its partner.
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: 
June 30,
2021		December 31,
2020
 (in thousands)
ASSETS
Real estate and development in process, net (1)$4,751,881 $4,708,571 
Other assets521,766 531,071 
Total assets$5,273,647 $5,239,642 
LIABILITIES AND MEMBERS’/PARTNERS’ EQUITY
Mortgage and notes payable, net$2,715,677 $2,637,911 
Other liabilities (2)600,402 650,433 
Members’/Partners’ equity1,957,568 1,951,298 
Total liabilities and members’/partners’ equity$5,273,647 $5,239,642 
Company’s share of equity$929,421 $936,087 
Basis differentials (3)340,681 337,832 
Carrying value of the Company’s investments in unconsolidated joint ventures (4)$1,270,102 $1,273,919 
_______________
(1)At June 30, 2021 and December 31, 2020, this amount included right of use assets - finance leases totaling approximately $248.9 million and $248.9 million, respectively, and right of use assets - operating leases totaling approximately $22.0 million and $22.5 million, respectively.
(2)At June 30, 2021 and December 31, 2020, this amount included lease liabilities - finance leases totaling approximately $387.1 million and $388.7 million, respectively, and lease liabilities - operating leases totaling approximately $29.4 million and $29.0 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. The majority of the Company’s basis differences are as follows:
June 30,
2021		December 31,
2020
Property(in thousands)
Colorado Center$305,902 $307,328 
Gateway Commons52,104 51,875 
Dock 72(51,137)(52,243)
These basis differentials (excluding land) will be amortized over the remaining lives of the related assets and liabilities.
(4)Investments with deficit balances aggregating approximately $35.5 million and $36.6 million at June 30, 2021 and December 31, 2020, respectively, are 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: 
 Three months ended June 30,Six months ended June 30,
 2021202020212020
 (in thousands)
Total revenue (1)$91,226 $89,563 $178,492 $182,766 
Expenses
Operating36,787 33,704 73,921 69,105 
Transaction costs— — 7 — 
Depreciation and amortization33,627 37,390 67,730 69,425 
Total expenses70,414 71,094 141,658 138,530 
Other income (expense)
Interest expense(25,636)(23,306)(51,192)(45,889)
Gains on sales of real estate— 11,720 — 11,720 
Net income (loss)$(4,824)$6,883 $(14,358)$10,067 
Company’s share of net income (loss)$(2,137)$4,024 $(5,777)$5,276 
Gain on sale of investment (2)— — 10,257 — 
Basis differential (3)764 (2,192)(628)(3,813)
Income (loss) from unconsolidated joint ventures$(1,373)$1,832 $3,852 $1,463 
_______________ 
(1)Includes straight-line rent adjustments of approximately $5.0 million and $8.5 million for the three months ended June 30, 2021 and 2020, respectively, and approximately $6.1 million and $18.2 million for the six months ended June 30, 2021 and 2020, respectively.
(2)During the six months ended June 30, 2021, the Company completed the sale of its 50% ownership interest in Annapolis Junction NFM LLC. The Company recognized a gain on sale of investment of approximately $10.3 million.
(3)Includes straight-line rent adjustments of approximately $0.1 million and $0.4 million for the three months ended June 30, 2021 and 2020, respectively, and approximately $0.6 million and $0.9 million for the six months ended June 30, 2021 and 2020, respectively. Also includes net above-/below-market rent adjustments of approximately $0.1 million and $0.2 million for the three months ended June 30, 2021 and 2020, respectively, and approximately $0.2 million and $0.5 million for the six months ended June 30, 2021 and 2020, respectively.