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Investment In Unconsolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2013
Summary Of Financial Information For Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             33,980 

 

$         39,674 

 

$        105,953 

 

$        111,943 

 

$        (72,269)

 

$         37,625 

 

$         (11,981)

 

$         25,644 

 

$         12,346 

700/750 Central Expressway

 

50.00% 

 

 -

 

 -

 

 -

 

 -

 

 -

 

55 

 

(1)

 

54 

 

58 

2020 Fifth Avenue

 

50.00% 

 

47,901 

 

53,389 

 

47,000 

 

47,525 

 

5,864 

 

7,513 

 

(522)

 

6,991 

 

5,756 

33 Chun Choi Street (Hong Kong)

 

50.00% 

 

102,428 

 

122,890 

 

 -

 

8,382 

 

114,508 

 

 -

 

(44)

 

(44)

 

(150)

PREI ®

 

20.00% 

 

400,528 

 

460,062 

 

185,000 

 

276,212 

 

183,850 

 

9,577 

 

(4,479)

 

5,098 

 

2,641 

Total Unconsolidated Joint Ventures

 

 

 

$           584,837 

 

$       676,015 

 

$        337,953 

 

$        444,062 

 

$       231,953 

 

$         54,770 

 

$         (17,027)

 

$         37,743 

 

$         20,651 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         70,504 

 

 

 

 

 

 

 

$           9,796 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             33,397 

 

$         40,340 

 

$        107,294 

 

$        113,207 

 

$        (72,867)

 

$         35,031 

 

$         (10,266)

 

$         24,765 

 

$         11,823 

700/750 Central Expressway

 

50.00% 

 

 -

 

879 

 

 -

 

496 

 

383 

 

1,798 

 

(582)

 

1,216 

 

4,389 

2020 Fifth Avenue

 

50.00% 

 

46,339 

 

47,680 

 

 -

 

1,543 

 

46,137 

 

 -

 

(38)

 

(38)

 

(38)

33 Chun Choi Street (Hong Kong)

 

50.00% 

 

33,144 

 

72,391 

 

 -

 

953 

 

71,438 

 

 -

 

(24)

 

(24)

 

(44)

Total Unconsolidated Joint Ventures

 

 

 

$           112,880 

 

$       161,290 

 

$        107,294 

 

$        116,199 

 

$         45,091 

 

$         36,829 

 

$         (10,910)

 

$         25,919 

 

$         16,130 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         66,634 

 

 

 

 

 

 

 

$           8,135 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             34,512 

 

$         42,096 

 

$        108,532 

 

$        114,284 

 

$        (72,188)

 

$         32,716 

 

$           (9,592)

 

$         23,124 

 

$           9,822 

700/750 Central Expressway

 

50.00% 

 

43,086 

 

52,352 

 

25,000 

 

38,830 

 

13,522 

 

4,776 

 

(1,053)

 

3,723 

 

(677)

2020 Fifth Avenue

 

16.40% 

 

26,645 

 

28,439 

 

 -

 

1,044 

 

27,395 

 

37 

 

(49)

 

(12)

 

(12)

Total Unconsolidated Joint Ventures

 

 

 

$           104,243 

 

$       122,887 

 

$        133,532 

 

$        154,158 

 

$        (31,271)

 

$         37,529 

 

$         (10,694)

 

$         26,835 

 

$           9,133 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         23,976 

 

 

 

 

 

 

 

$           4,952 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment Property Contributions To Joint Venture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property

 

Metropolitan Area

 

Square Feet

 

 

Gross Value

 

9/27/2013

 

4700 Old Ironsides Drive

 

Silicon Valley

 

 

90,139 

 

 

$

29,064 

 

9/27/2013

 

4650 Old Ironsides Drive

 

Silicon Valley

 

 

124,383 

 

 

 

56,258 

 

9/27/2013

 

7505 Mason King Court

 

Northern Virginia

 

 

109,650 

 

 

 

25,475 

 

9/27/2013

 

43790 Devin Shafron Drive

 

Northern Virginia

 

 

152,138 

 

 

 

45,505 

 

9/27/2013

 

444 Toyama Drive

 

Silicon Valley

 

 

42,083 

 

 

 

28,310 

 

9/27/2013

 

21551 Beaumeade Circle

 

Northern Virginia

 

 

152,504 

 

 

 

30,700 

 

9/27/2013

 

2950 Zanker Road

 

Silicon Valley

 

 

69,700 

 

 

 

45,669 

 

9/27/2013

 

900 Dorothy Drive

 

Dallas

 

 

56,176 

 

 

 

25,383 

 

9/27/2013

 

14901 FAA Boulevard

 

Dallas

 

 

263,700 

 

 

 

80,056 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,060,473 

 

 

$

366,420 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Properties Contributed To Joint Venture And Net Assets Unconsolidated From Financial Statements

 

 

 

 

 

 

 

 

 

 

Net investment in properties

 

$

181,032

 

Acquired above market leases, net

 

 

1,207

 

Acquired in place lease value and deferred leasing costs, net

 

 

11,459

 

Acquired below market leases, net

 

 

(483

)

 

 

 

 

 

Net assets contributed

 

$

193,215

 

 

Digital Realty Trust, L.P. [Member]
 
Summary Of Financial Information For Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             33,980 

 

$         39,674 

 

$        105,953 

 

$        111,943 

 

$        (72,269)

 

$         37,625 

 

$         (11,981)

 

$         25,644 

 

$         12,346 

700/750 Central Expressway

 

50.00% 

 

 -

 

 -

 

 -

 

 -

 

 -

 

55 

 

(1)

 

54 

 

58 

2020 Fifth Avenue

 

50.00% 

 

47,901 

 

53,389 

 

47,000 

 

47,525 

 

5,864 

 

7,513 

 

(522)

 

6,991 

 

5,756 

33 Chun Choi Street (Hong Kong)

 

50.00% 

 

102,428 

 

122,890 

 

 -

 

8,382 

 

114,508 

 

 -

 

(44)

 

(44)

 

(150)

PREI ®

 

20.00% 

 

400,528 

 

460,062 

 

185,000 

 

276,212 

 

183,850 

 

9,577 

 

(4,479)

 

5,098 

 

2,641 

Total Unconsolidated Joint Ventures

 

 

 

$           584,837 

 

$       676,015 

 

$        337,953 

 

$        444,062 

 

$       231,953 

 

$         54,770 

 

$         (17,027)

 

$         37,743 

 

$         20,651 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         70,504 

 

 

 

 

 

 

 

$           9,796 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             33,397 

 

$         40,340 

 

$        107,294 

 

$        113,207 

 

$        (72,867)

 

$         35,031 

 

$         (10,266)

 

$         24,765 

 

$         11,823 

700/750 Central Expressway

 

50.00% 

 

 -

 

879 

 

 -

 

496 

 

383 

 

1,798 

 

(582)

 

1,216 

 

4,389 

2020 Fifth Avenue

 

50.00% 

 

46,339 

 

47,680 

 

 -

 

1,543 

 

46,137 

 

 -

 

(38)

 

(38)

 

(38)

33 Chun Choi Street (Hong Kong)

 

50.00% 

 

33,144 

 

72,391 

 

 -

 

953 

 

71,438 

 

 -

 

(24)

 

(24)

 

(44)

Total Unconsolidated Joint Ventures

 

 

 

$           112,880 

 

$       161,290 

 

$        107,294 

 

$        116,199 

 

$         45,091 

 

$         36,829 

 

$         (10,910)

 

$         25,919 

 

$         16,130 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         66,634 

 

 

 

 

 

 

 

$           8,135 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

% Ownership

 

Net Investment in Properties

 

Total Assets

 

Mortgage Loans

 

Total Liabilities

 

Equity / (Deficit)

 

Revenues

 

Property Operating Expense

 

Net Operating Income

 

Net Income (Loss)

Unconsolidated Joint Ventures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2001 Sixth Avenue

 

50.00% 

 

$             34,512 

 

$         42,096 

 

$        108,532 

 

$        114,284 

 

$        (72,188)

 

$         32,716 

 

$           (9,592)

 

$         23,124 

 

$           9,822 

700/750 Central Expressway

 

50.00% 

 

43,086 

 

52,352 

 

25,000 

 

38,830 

 

13,522 

 

4,776 

 

(1,053)

 

3,723 

 

(677)

2020 Fifth Avenue

 

16.40% 

 

26,645 

 

28,439 

 

 -

 

1,044 

 

27,395 

 

37 

 

(49)

 

(12)

 

(12)

Total Unconsolidated Joint Ventures

 

 

 

$           104,243 

 

$       122,887 

 

$        133,532 

 

$        154,158 

 

$        (31,271)

 

$         37,529 

 

$         (10,694)

 

$         26,835 

 

$           9,133 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Our investment in and share of equity in earnings
   of unconsolidated joint ventures

 

 

 

 

 

 

 

 

 

 

 

$         23,976 

 

 

 

 

 

 

 

$           4,952 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment Property Contributions To Joint Venture

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property

 

Metropolitan Area

 

Square Feet

 

 

Gross Value

 

9/27/2013

 

4700 Old Ironsides Drive

 

Silicon Valley

 

 

90,139 

 

 

$

29,064 

 

9/27/2013

 

4650 Old Ironsides Drive

 

Silicon Valley

 

 

124,383 

 

 

 

56,258 

 

9/27/2013

 

7505 Mason King Court

 

Northern Virginia

 

 

109,650 

 

 

 

25,475 

 

9/27/2013

 

43790 Devin Shafron Drive

 

Northern Virginia

 

 

152,138 

 

 

 

45,505 

 

9/27/2013

 

444 Toyama Drive

 

Silicon Valley

 

 

42,083 

 

 

 

28,310 

 

9/27/2013

 

21551 Beaumeade Circle

 

Northern Virginia

 

 

152,504 

 

 

 

30,700 

 

9/27/2013

 

2950 Zanker Road

 

Silicon Valley

 

 

69,700 

 

 

 

45,669 

 

9/27/2013

 

900 Dorothy Drive

 

Dallas

 

 

56,176 

 

 

 

25,383 

 

9/27/2013

 

14901 FAA Boulevard

 

Dallas

 

 

263,700 

 

 

 

80,056 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,060,473 

 

 

$

366,420 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Properties Contributed To Joint Venture And Net Assets Unconsolidated From Financial Statements

 

 

 

 

 

 

 

 

 

 

Net investment in properties

 

$

181,032

 

Acquired above market leases, net

 

 

1,207

 

Acquired in place lease value and deferred leasing costs, net

 

 

11,459

 

Acquired below market leases, net

 

 

(483

)

 

 

 

 

 

Net assets contributed

 

$

193,215