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Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables)
3 Months Ended
Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Investment Properties
The Company’s investment properties as of March 31, 2015 and December 31, 2014 consisted of the following components:

 
Balance at
 
March 31,
2015
 
December 31,
2014
Investment properties, at cost:
 
 
 
Land
$
780,630

 
$
778,780

Buildings and improvements
2,808,774

 
2,785,780

Furniture, equipment and other
6,431

 
6,398

Land held for development
35,907

 
35,907

Construction in progress
121,664

 
125,883

 
$
3,753,406

 
$
3,732,748

Schedule of Stockholders Equity
The noncontrolling interests in consolidated properties for the three months ended March 31, 2015 and 2014 were as follows:

 
2015
 
2014
Noncontrolling interests balance January 1
$
3,364

 
$
3,548

Net income allocable to noncontrolling interests,
  excluding redeemable noncontrolling interests
28

 
33

Distributions to noncontrolling interests
(29
)
 
(26
)
Noncontrolling interests balance at March 31
$
3,363

 
$
3,555

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net
The Parent Company’s and the limited partners’ weighted average interests in the Operating Partnership for the three months ended March 31, 2015 and 2014 were as follows:
 
 
Three Months Ended
March 31,
 
2015
 
2014
Parent Company’s weighted average basic interest in
  Operating Partnership
98.1
%
 
95.2
%
Limited partners' weighted average basic interests in
Operating Partnership
1.9
%
 
4.8
%
Redeemable Noncontrolling Interest
The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the three months ended March 31, 2015 and 2014 were as follows:


 
2015
 
2014
Redeemable noncontrolling interests balance January 1
$
125,082

 
$
43,928

Acquisition of partner's interest in City Center operating property
(33,998
)
 

Net income allocable to redeemable noncontrolling interests
655

 
112

Distributions declared to redeemable noncontrolling interests
(1,006
)
 
(432
)
Other, net
414

 
(3,757
)
Total Limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at March 31
$
91,147

 
$
39,851


 
 
 

 
 
 
Limited partners' interests in Operating Partnership
$
46,564

 
$
39,851

Other redeemable noncontrolling interests in certain subsidiaries
44,583

 

Total Limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at March 31
$
91,147

 
$
39,851



Schedule of Accumulated Other Comprehensive Income (Loss)
The following sets forth accumulated other comprehensive (loss) income allocable to noncontrolling interests for the three months ended March 31, 2015 and 2014:
 

 
2015
 
2014
Accumulated comprehensive (loss) income balance at January 1
$
(24
)
 
$
69

Other comprehensive loss allocable to redeemable
  noncontrolling interests
1
(62
)
 
(35
)
Accumulated comprehensive (loss) income balance at March 31
$
(86
)
 
$
34


____________________
1
Represents the noncontrolling interests’ share of the changes in the fair value of derivative instruments accounted for as cash flow hedges (see Note 5).