Investments in Joint Ventures (Tables)

9 Months Ended

Sep. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Joint Ventures by Location and Investment Type

The following table details our investments in joint ventures by investment type and geographic location as of September 30, 2013:

	Multifamily		Commercial		Loan		Residential		Other		Total
Western U.S.	$	133,425,000	$	155,906,000	$	48,640,000	$	59,566,000	$	460,000	$	397,997,000
Japan	72,187,000		—		—		—		—		72,187,000
United Kingdom	—		99,888,000		13,216,000		—		—		113,104,000
Ireland	48,522,000		98,563,000		—		—		—		147,085,000
Other U.S.	134,000		3,795,000		7,000		342,000		7,570,000		11,848,000
Total	$	254,268,000	$	358,152,000	$	61,863,000	$	59,908,000	$	8,030,000	$	742,221,000

The following table details our investments in joint ventures by investment type and geographic location as of December 31, 2012:

	Multifamily		Commercial		Loan		Residential		Other		Total
Western U.S.	$	126,860,000	$	141,572,000	$	41,855,000	$	51,784,000	$	460,000	$	362,531,000
Japan	102,658,000		—		—		—		—		102,658,000
Ireland	22,359,000		9,530,000		36,729,000		—		—		68,618,000
Other U.S.	356,000		3,518,000		20,000		222,000		5,270,000		9,386,000
Total	$	252,233,000	$	154,620,000	$	78,604,000	$	52,006,000	$	5,730,000	$	543,193,000

Schedule of Joint Venture Cash Distributions

During the three and nine months ended September 30, 2013 and 2012, the Company received the following cash distributions from its investment in KWR for the settlement of hedges, refinancing of property level debt, and operating distributions:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Settlement of hedges	$	—	$	—	$	10,838,000	$	—
Refinancing of property level debt	—		—		5,273,000		1,766,000
Operating distributions	4,125,000		—		6,590,000		7,257,000
Total	$	4,125,000	$	—	$	22,701,000	$	9,023,000

Schedule of New Joint Venture Investments

See the table below for a breakdown of contributions to new joint venture investments for the nine months ended September 30, 2013:

	Multifamily			Commercial			Residential
	Amount		No. of Properties	Amount		No. of Properties	Amount		No. of Properties	Total
Western U.S.	$	9,085,000	2	$	30,320,000	4	$	4,350,000	2	$	43,755,000
United Kingdom	—		—	92,169,000		3	—		—	92,169,000
Ireland	57,951,000		1	38,734,000		1	—		—	96,685,000
Total contributions - new joint venture investments	$	67,036,000	3	$	161,223,000	8	$	4,350,000	2	$	232,609,000

Schedule of Joint Venture Cash Distributions by Investment Type and Geographic Location

The following table details cash distributions by investment type and geographic location for the nine months ended September 30, 2013:

	Multifamily				Commercial				Loan				Residential				Total
	Operating		Investing		Operating		Investing		Operating		Investing		Operating		Investing		Operating		Investing
Western U.S.	$	7,367,000	$	7,121,000	$	12,638,000	$	15,805,000	$	—	$	—	$	3,290,000	$	444,000	$	23,295,000	$	23,370,000
Japan	6,121,000		16,580,000		—		—		—		—		—		—		6,121,000		16,580,000
United Kingdom	—		—		745,000		4,379,000		226,000		304,000		—		—		971,000		4,683,000
Ireland	1,707,000		28,946,000		1,953,000		—		—		—		—		—		3,660,000		28,946,000
Other	371,000		121,000		—		—		—		—		—		53,000		371,000		174,000
Total	$	15,566,000	$	52,768,000	$	15,336,000	$	20,184,000	$	226,000	$	304,000	$	3,290,000	$	497,000	$	34,418,000	$	73,753,000