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Investments in Unconsolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2022
Schedule of Equity Method Investments [Line Items]  
Investments In Unconsolidated Joint Ventures
The investments in unconsolidated joint ventures consist of the following at March 31, 2022 and December 31, 2021:
 Carrying Value of Investment (1)
EntityPropertiesNominal % OwnershipMarch 31, 2022December 31, 2021
(in thousands)
Square 407 Limited PartnershipMarket Square North50.00 %$(5,514)$(1,205)
BP/CRF Metropolitan Square LLCMetropolitan Square20.00 %(36,485)(15,356)
901 New York, LLC901 New York Avenue25.00 %(2) (12,596)(12,597)
WP Project Developer LLC
Wisconsin Place Land and Infrastructure
33.33 %(3) 33,351 33,732 
500 North Capitol Venture LLC500 North Capitol Street, NW30.00 %(8,477)(7,913)
501 K Street LLC
1001 6th Street
50.00 %(4) 42,777 42,576 
Podium Developer LLCThe Hub on Causeway - Podium50.00 %49,741 48,980 
Residential Tower Developer LLCHub50House50.00 %47,977 47,774 
Hotel Tower Developer LLC
The Hub on Causeway - Hotel Air Rights
50.00 %11,801 11,505 
Office Tower Developer LLC100 Causeway Street50.00 %58,908 57,687 
1265 Main Office JV LLC1265 Main Street50.00 %3,256 3,541 
BNY Tower Holdings LLCDock 72 50.00 %25,856 27,343 
BNYTA Amenity Operator LLC Dock 72 50.00 %996 1,069 
CA-Colorado Center Limited Partnership
Colorado Center50.00 %232,384 231,479 
7750 Wisconsin Avenue LLC 7750 Wisconsin Avenue 50.00 %63,944 61,626 
BP-M 3HB Venture LLC3 Hudson Boulevard25.00 %116,059 116,306 
SMBP Venture LPSanta Monica Business Park55.00 %162,987 156,639 
Platform 16 Holdings LPPlatform 1655.00 %(5)117,806 109,086 
Gateway Portfolio Holdings LLCGateway Commons50.00 %342,021 327,148 
Rosecrans-Sepulveda Partners 4, LLCBeach Cities Media Campus50.00 %27,078 27,106 
Safeco Plaza REIT LLCSafeco Plaza33.67 %(6)72,362 72,545 
360 PAS Holdco LLC360 Park Avenue South42.21 %(7)109,318 106,855 
$1,455,550 $1,445,926 
 _______________
(1)Investments with deficit balances aggregating approximately $63.1 million and $37.1 million at March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021, the Company’s economic ownership was approximately 50%.
(3)The Company’s wholly-owned subsidiary that owns Wisconsin Place Office also owns a 33.33% interest in the joint venture entity that owns the land, parking garage and infrastructure of the project.
(4)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 in excess of 520,000 square feet and achieving certain project returns at stabilization.
(5)This entity is a VIE (See Note 2).
(6)The Company’s ownership includes (1) a 33.0% direct interest in the joint venture, and (2) an additional 1% interest in each of the two entities (each, a “Safeco Partner Entity”) through which each partner owns its interest in the joint venture.
(7)The Company’s ownership includes (1) a 35.79% direct interest in the joint venture, (2) an additional 5.837% indirect ownership in the joint venture, and (3) an additional 1% interest in each of the two entities (each, a “360 Park Avenue South Partner Entity”) through which each partner owns its interest in the joint venture.
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: 
March 31, 2022December 31, 2021
 (in thousands)
ASSETS
Real estate and development in process, net (1)$5,649,181 $5,579,218 
Other assets628,608 586,470 
Total assets$6,277,789 $6,165,688 
LIABILITIES AND MEMBERS’/PARTNERS’ EQUITY
Mortgage and notes payable, net$3,370,649 $3,214,961 
Other liabilities (2)644,127 652,135 
Members’/Partners’ equity2,263,013 2,298,592 
Total liabilities and members’/partners’ equity$6,277,789 $6,165,688 
Company’s share of equity$1,112,465 $1,104,175 
Basis differentials (3)343,085 341,751 
Carrying value of the Company’s investments in unconsolidated joint ventures (4)$1,455,550 $1,445,926 
_______________
(1)At March 31, 2022 and December 31, 2021, this amount included right of use assets - finance leases totaling approximately $248.9 million. At March 31, 2022 and December 31, 2021, this amount included right of use assets - operating leases totaling approximately $22.0 million and $22.3 million, respectively.
(2)At March 31, 2022 and December 31, 2021, this amount included lease liabilities - finance leases totaling approximately $384.7 million and $385.5 million, respectively. At March 31, 2022 and December 31, 2021, this amount included lease liabilities - operating leases totaling approximately $30.4 million.
(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:
March 31, 2022December 31, 2021
Property(in thousands)
Colorado Center$304,045 $304,776 
Gateway Commons51,530 51,009 
Dock 72(49,600)(50,051)
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 $63.1 million and $37.1 million at March 31, 2022 and December 31, 2021, 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 March 31,
 20222021
 (in thousands)
Total revenue (1)$124,491 $87,266 
Expenses
Operating45,641 37,134 
Transaction costs— 7 
Depreciation and amortization44,664 34,103 
Total expenses90,305 71,244 
Other income (expense)
Loss from early extinguishment of debt(1,327)— 
Interest expense(30,373)(25,556)
Net income (loss)$2,486 $(9,534)
Company’s share of net income (loss)$3,394 $(3,640)
Gain on sale of investment (2)— 10,257 
Basis differential (3)(1,205)(1,392)
Income from unconsolidated joint ventures$2,189 $5,225 
_______________ 
(1)Includes straight-line rent adjustments of approximately $27.5 million and $1.1 million for the three months ended March 31, 2022 and 2021, respectively. For the three months ended March 31, 2022, reinstatement of accrued rent balances totaled approximately $2.5 million. For the three months ended March 31, 2021, write-offs of accounts receivable and accrued rent balances totaled approximately $0.3 million.
(2)During the three months ended March 31, 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 $0.5 million for the three months ended March 31, 2022 and 2021, respectively. Also includes net above-/below-market rent adjustments of approximately $0.1 million and $0.1 million for the three months ended March 31, 2022 and 2021, respectively.