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Investments in Unconsolidated Joint Ventures (Balance Sheets of the Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Real estate and development in process, net $ 18,072,453 $ 17,818,807
Total assets 22,059,076 22,858,190
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Mortgage and notes payable, net 2,901,709 2,909,081
Other Liabilities 370,990 412,084
Members’/Partners’ equity 5,749,342 5,996,083
Total liabilities and equity / capital 22,059,076 22,858,190
Carying value of the Company's investment in unconsolidated joint ventures 1,305,589 1,310,478
Right-of-use assets - finance leases 237,765 237,393
Right of use assets - operating leases 170,331 [1] 146,406
Lease liabilities - finance leases 243,381 236,492
Lease liabilities - operating leases 226,594 201,713
Unconsolidated Joint Ventures [Member]    
ASSETS    
Real estate and development in process, net [2] 4,751,881 4,708,571
Other assets 521,766 531,071
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 [3] 600,402 650,433
Members’/Partners’ equity 1,957,568 1,951,298
Total liabilities and equity / capital 5,273,647 5,239,642
Company's share of equity 929,421 936,087
Basis differentials [4] 340,681 337,832
Carying value of the Company's investment in unconsolidated joint ventures [5] 1,270,102 1,273,919
Right-of-use assets - finance leases 248,900 248,900
Right of use assets - operating leases 22,000 22,500
Lease liabilities - finance leases 387,100 388,700
Lease liabilities - operating leases 29,400 29,000
Unconsolidated Joint Ventures [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Other Liabilities 35,500 36,600
Colorado Center    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 305,902 307,328
Carying value of the Company's investment in unconsolidated joint ventures [6] 229,564 227,671
Gateway Commons Complex [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 52,104 51,875
Carying value of the Company's investment in unconsolidated joint ventures [6] 331,389 336,206
Dock 72    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials (51,137) (52,243)
Carying value of the Company's investment in unconsolidated joint ventures [6] $ 28,116 $ 29,536
[1] See Note 4.
[2] 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.
[3] 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.
[4] 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.
[5] 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.
[6] 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.