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Investments in Unconsolidated Joint Ventures (Balance Sheets of the Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Total real estate $ 19,598,101 $ 19,496,442
Total assets 25,341,680 24,207,669
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Mortgage and notes payable, net 3,274,764 3,272,368
Other Liabilities 418,813 450,918
Members’/Partners’ equity 6,040,052 6,132,919
Total liabilities and equity / capital 25,341,680 24,207,669
Carying value of the Company's investment in unconsolidated joint ventures 1,780,959 1,715,911
Right-of-use assets - finance leases 237,526 237,510
Right of use assets - operating leases 166,421 167,351
Lease liabilities - finance leases 251,874 249,335
Lease liabilities - operating leases 204,826 204,686
Unconsolidated Joint Ventures [Member]    
ASSETS    
Total real estate [1] 6,748,400 6,537,554
Other assets 779,220 756,786
Total assets 7,527,620 7,294,340
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Mortgage and notes payable, net 4,056,181 4,022,746
Other Liabilities [2] 724,078 716,271
Members’/Partners’ equity 2,747,361 2,555,323
Total liabilities and equity / capital 7,527,620 7,294,340
Company's share of equity 1,301,827 1,238,929
Basis differentials [3] 401,205 391,556
Carying value of the Company's investment in unconsolidated joint ventures [4] 1,703,032 1,630,485
Right-of-use assets - finance leases 248,900 248,900
Right of use assets - operating leases 20,600 21,200
Lease liabilities - finance leases 379,700 382,200
Lease liabilities - operating leases 30,500 30,500
Unconsolidated Joint Ventures [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Other Liabilities 77,900 85,400
Colorado Center    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 300,370 301,820
Carying value of the Company's investment in unconsolidated joint ventures [5] 235,846 233,862
200 Fifth Avenue JV LLC    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 96,837 94,497
Carying value of the Company's investment in unconsolidated joint ventures [5] 116,335 120,083
Gateway Commons Complex [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 48,078 47,808
Carying value of the Company's investment in unconsolidated joint ventures [5] 349,055 324,038
Dock 72    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Other Liabilities [5] 13,511 19,921
Basis differentials $ (97,232) $ (98,980)
[1] At June 30, 2023 and December 31, 2022, this amount included right of use assets - finance leases totaling approximately $248.9 million. At June 30, 2023 and December 31, 2022, this amount included right of use assets - operating leases totaling approximately $20.6 million and $21.2 million, respectively.
[2] At June 30, 2023 and December 31, 2022, this amount included lease liabilities - finance leases totaling approximately $379.7 million and $382.2 million, respectively. At June 30, 2023 and December 31, 2022, this amount included lease liabilities - operating leases totaling approximately $30.5 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:
June 30, 2023December 31, 2022
Property(in thousands)
Colorado Center$300,370 $301,820 
200 Fifth Avenue96,837 94,497 
Gateway Commons48,078 47,808 
Dock 72(97,232)(98,980)
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 $77.9 million and $85.4 million at June 30, 2023 and December 31, 2022, respectively, are reflected within Other Liabilities in the Company’s Consolidated Balance Sheets.
[5] Investments with deficit balances aggregating approximately $77.9 million and $85.4 million at June 30, 2023 and December 31, 2022, respectively, are included within Other Liabilities in the Company’s Consolidated Balance Sheets.