Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Reportable Segments Schedule

The following tables present NOI for each segment from our rental real estate specific to continuing operations for the six months and quarters ended June 30, 2015 and 2014, respectively, as well as total assets and capital expenditures at June 30, 2015 (amounts in thousands):

	Six Months Ended June 30, 2015							Six Months Ended June 30, 2014
	Rental Income		Operating Expenses		NOI			Rental Income		Operating Expenses		NOI
Same store (1)
Boston	$	124,419	$	41,741	$	82,678		$	120,678	$	39,725	$	80,953
Denver	58,826		15,627		43,199			54,123		15,097		39,026
New York	234,555		89,855		144,700			225,407		87,045		138,362
San Francisco	182,399		53,957		128,442			165,343		52,964		112,379
Seattle	81,906		25,697		56,209			76,511		25,770		50,741
South Florida	99,828		36,224		63,604			94,755		35,159		59,596
Southern California	212,517		68,164		144,353			201,450		67,298		134,152
Washington D.C.	226,819		75,620		151,199			224,975		73,399		151,576
Non-core	45,829		16,906		28,923			44,092		16,596		27,496
Total same store	1,267,098		423,791		843,307			1,207,334		413,053		794,281
Non-same store/other (2) (3)
Boston	3,336		882		2,454			1,819		412		1,407
New York	115		609		(494		)	—		—		—
Seattle	9,396		2,596		6,800			1,240		657		583
South Florida	3,913		1,346		2,567			2,047		1,251		796
Southern California	35,005		12,864		22,141			19,392		8,642		10,750
Washington D.C.	10,877		3,024		7,853			7,707		2,989		4,718
Other (3)	11,374		8,966		2,408			40,952		21,766		19,186
Total non-same store/other	74,016		30,287		43,729			73,157		35,717		37,440
Total	$	1,341,114	$	454,078	$	887,036		$	1,280,491	$	448,770	$	831,721

(1) Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2014, less properties subsequently sold, which represented 96,761 apartment units.

(2) Non-same store primarily includes properties acquired after January 1, 2014, plus any properties in lease-up and not stabilized as of January 1, 2014.

(3) Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 and 2015 that do not meet the new discontinued operations criteria.

	Quarter Ended June 30, 2015							Quarter Ended June 30, 2014
	Rental Income		Operating Expenses		NOI			Rental Income		Operating Expenses		NOI
Same store (1)
Boston	$	62,556	$	20,061	$	42,495		$	60,779	$	18,442	$	42,337
Denver	29,829		8,168		21,661			27,511		7,635		19,876
New York	118,485		44,091		74,394			114,221		41,410		72,811
San Francisco	92,549		26,854		65,695			84,082		26,354		57,728
Seattle	41,515		13,030		28,485			38,890		13,036		25,854
South Florida	50,527		18,256		32,271			47,860		17,634		30,226
Southern California	110,357		34,984		75,373			104,319		34,697		69,622
Washington D.C.	116,168		37,585		78,583			115,081		36,372		78,709
Non-core	23,212		8,097		15,115			22,190		7,935		14,255
Total same store	645,198		211,126		434,072			614,933		203,515		411,418
Non-same store/other (2) (3)
Boston	2,411		652		1,759			791		202		589
New York	112		613		(501		)	—		—		—
Seattle	4,816		1,297		3,519			1,129		511		618
South Florida	1,981		672		1,309			1,246		797		449
Southern California	14,193		5,375		8,818			7,836		4,019		3,817
Washington D.C.	3,492		910		2,582			2,287		854		1,433
Other (3)	4,305		997		3,308			21,544		9,094		12,450
Total non-same store/other	31,310		10,516		20,794			34,833		15,477		19,356
Total	$	676,508	$	221,642	$	454,866		$	649,766	$	218,992	$	430,774

(1) Same store primarily includes all properties acquired or completed and stabilized prior to April 1, 2014, less properties subsequently sold, which represented 97,580 apartment units.

(2) Non-same store primarily includes properties acquired after April 1, 2014, plus any properties in lease-up and not stabilized as of April 1, 2014.

(3) Other includes development, other corporate operations and operations prior to sale for properties sold in 2014 and 2015 that do not meet the new discontinued operations criteria.

	Six Months Ended June 30, 2015
	Total Assets		Capital Expenditures
Same store (1)
Boston	$	1,868,144	$	6,525
Denver	510,123		2,958
New York	4,602,213		8,365
San Francisco	2,683,829		12,676
Seattle	1,080,755		6,505
South Florida	1,118,604		7,453
Southern California	2,768,169		14,390
Washington D.C.	4,222,865		17,340
Non-core	338,125		3,101
Total same store	19,192,827		79,313
Non-same store/other (2) (3)
Boston	176,247		83
New York	118,166		—
Seattle	227,930		21
South Florida	66,082		22
Southern California	842,096		1,691
Washington D.C.	239,843		509
Other (3)	2,218,639		323
Total non-same store/other	3,889,003		2,649
Total	$	23,081,830	$	81,962

(1) Same store primarily includes all properties acquired or completed and stabilized prior to January 1, 2014, less properties subsequently sold, which represented 96,761 apartment units.

(2) Non-same store primarily includes properties acquired after January 1, 2014, plus any properties in lease-up and not stabilized as of January 1, 2014.

(3) Other includes development, other corporate operations and capital expenditures for properties sold.

Reconciliation of NOI

The following table presents a reconciliation of NOI from our rental real estate specific to continuing operations for the six months and quarters ended June 30, 2015 and 2014, respectively (amounts in thousands):

	Six Months Ended June 30,						Quarter Ended June 30,
	2015			2014			2015			2014
Rental income	$	1,341,114		$	1,280,491		$	676,508		$	649,766
Property and maintenance expense	(242,565		)	(240,948		)	(118,005		)	(115,382		)
Real estate taxes and insurance expense	(169,551		)	(165,149		)	(83,119		)	(83,055		)
Property management expense	(41,962		)	(42,673		)	(20,518		)	(20,555		)
Total operating expenses	(454,078		)	(448,770		)	(221,642		)	(218,992		)
Net operating income	$	887,036		$	831,721		$	454,866		$	430,774