Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Lease, Cost [Table Text Block]

The following table provides additional information on our operating and finance leases where we are the lessee:

	Year Ended
	December 31, 2019
	(In thousands)
LEASE COST:
Finance lease cost:
Amortization of right-of-use assets	$	1,284
Interest on lease liabilities	5,824
Operating lease cost	6,063
Variable lease cost	487
Total lease cost	$	13,658
OTHER INFORMATION:
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for finance leases	5,759
Operating cash flows for operating leases	5,561
Financing cash flows for finance leases	47
	December 31, 2019
Weighted-average remaining term - finance leases	18.2 years
Weighted-average remaining term - operating leases	53.7 years
Weighted-average discount rate - finance leases	8.0		%
Weighted-average discount rate - operating leases	4.5		%

Rollforward table of the redeemable noncontrolling interest

The following table provides a rollforward of the redeemable noncontrolling interests:

	Year Ended
	December 31,
	2019			2018
	(In thousands)
Beginning balance	$	136,208		$	141,157
Contributions	9,961			354
Net Income	3,430			3,865
Distributions & Redemptions	(15,366		)	(4,071		)
Change in redemption value	5,525			(5,097		)
Ending balance	$	139,758		$	136,208

Schedule of supplemental disclosures related to the Consolidated Statements Of Cash Flows

The following table provides supplemental disclosures related to the Consolidated Statements of Cash Flows:

	Year Ended December 31,
	2019			2018			2017
	(In thousands)
SUPPLEMENTAL DISCLOSURES:
Total interest costs incurred	$	130,110		$	129,001		$	125,684
Interest capitalized	(20,487		)	(18,847		)	(25,559		)
Interest expense	$	109,623		$	110,154		$	100,125
Cash paid for interest, net of amounts capitalized	$	106,180		$	107,494		$	105,201
Cash paid for income taxes	$	483		$	675		$	352
NON-CASH INVESTING AND FINANCING TRANSACTIONS (1):
Mortgage loans refinanced	$	—		$	—		$	166,823
Mortgage loans assumed/entered into with acquisition	$	98,041		$	—		$	79,401
DownREIT operating partnership units issued with acquisition	$	—		$	—		$	5,918
DownREIT operating partnership units redeemed for common shares	$	14,105		$	101		$	2,569
Settlement of partner loan receivable via dilution of partner interests	$	5,379		$	—		$	—
Shares issued under dividend reinvestment plan	$	1,784		$	1,884		$	2,017
Contribution from noncontrolling interest	$	—		$	1,435		$	—

(1) See Note 5 for additional disclosures relating to the mortgages entered into and assumed as a result of the Hoboken acquisition in 2019. In addition, see Note 3 for additional disclosures relating to our investment in the Assembly Row hotel joint venture in 2018.

Reconcilition of cash, cash equivalents, and restricted cash

	December 31,
	2019		2018
	(In thousands)
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:
Cash and cash equivalents	$	127,432	$	64,087
Restricted cash (1)	26,182		44,245
Total cash, cash equivalents, and restricted cash	$	153,614	$	108,332

(1)

Restricted cash balances are included in "prepaid expenses and other assets" on our consolidated balance sheets.