Investments in Unconsolidated Companies (Tables)

12 Months Ended

Dec. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Summarized Financial Information for Unconsolidated Companies

Combined summarized financial information for the unconsolidated companies at December 31, 2016 and 2015, and for the years ended December 31, 2016, 2015 and 2014, are as follows (in thousands):

	2016		2015			2014
Rental revenue	$	122,019	$	160,543		$	230,093
Gain on sale of properties	$	100,806	$	23,696		$	121,713
Net income	$	122,727	$	60,772		$	143,857
Equity in earnings (loss) of unconsolidated companies	$	47,403	$	(3,304	)	$	94,317
Land, buildings and tenant improvements, net	$	529,926	$	1,029,803
Construction in progress	31,838		64,646
Undeveloped land	90,560		115,773
Other assets	91,045		144,337
	$	743,369	$	1,354,559
Indebtedness	$	172,811	$	413,651
Other liabilities	32,633		91,836
	205,444		505,487
Owners' equity	537,925		849,072
	$	743,369	$	1,354,559
Investments in and advances to unconsolidated companies (1)	$	197,807	$	268,390

Schedule of Maturities of Long-term Debt of Unconsolidated Joint Ventures

The scheduled principal payments of long term debt for the unconsolidated joint ventures, at our ratable ownership percentage, for each of the next five years and thereafter as of December 31, 2016 are as follows (in thousands):

Year	Future Repayments
2017	$	129
2018	26,184
2019	4,118
2020	9,533
2021	10
Thereafter	37,115
	$	77,089