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Real Estate (Tables)
 9 Months Ended
Sep. 30, 2016
Schedule of Real Estate Investments And Accumlated Depreciation [Table Text Block}
The following table summarizes the carrying amounts for the Company’s investment in real estate (at cost) as of September 30, 2016 and December 31, 2015 (amounts in thousands):
 
 
September 30, 2016
 
December 31, 2015
Land
 
$
5,874,647

 
$
5,864,046

Depreciable property:
 
 
 
 
Buildings and improvements
 
16,829,151

 
16,346,829

Furniture, fixtures and equipment
 
1,311,881

 
1,207,098

In-Place lease intangibles
 
469,414

 
483,160

Projects under development:
 
 
 
 
Land
 
152,814

 
284,995

Construction-in-progress
 
608,254

 
837,381

Land held for development:
 
 
 
 
Land
 
84,440

 
120,007

Construction-in-progress
 
30,642

 
38,836

Investment in real estate
 
25,361,243

 
25,182,352

Accumulated depreciation
 
(5,255,965
)
 
(4,905,406
)
Investment in real estate, net
 
$
20,105,278

 
$
20,276,946
Schedule of Finite-Lived Intangible Assets [Table Text Block]
The following table summarizes the carrying amounts for the Company's above and below market ground and retail lease intangibles as of September 30, 2016 and December 31, 2015 (amounts in thousands):
Description
 
Balance Sheet Location
 
September 30, 2016
 
December 31, 2015
Assets
 
 
 
 
 
 
Ground lease intangibles – below market
 
Other Assets
 
$
178,251

 
$
178,251

Retail lease intangibles – above market
 
Other Assets
 
1,260

 
1,260

Lease intangible assets
 
 
 
179,511

 
179,511

Accumulated amortization
 
 
 
(16,842
)
 
(13,451
)
Lease intangible assets, net
 
 
 
$
162,669

 
$
166,060

 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
Ground lease intangibles – above market
 
Other Liabilities
 
$
2,400

 
$
2,400

Retail lease intangibles – below market
 
Other Liabilities
 
5,270

 
5,270

Lease intangible liabilities
 
 
 
7,670

 
7,670

Accumulated amortization
 
 
 
(4,239
)
 
(3,414
)
Lease intangible liabilities, net
 
 
 
$
3,431

 
$
4,256
Schedule of Expected Amortization Expense [Table Text Block]
The following table provides a summary of the aggregate amortization expense for above and below market ground lease intangibles and retail lease intangibles for each of the next five years (amounts in thousands):
        
 
 
Remaining
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
2019
 
2020
 
2021
 
 
 
 
 
 
 
 
 
 
 
 
 
Ground lease intangibles
 
$
1,080

 
$
4,321

 
$
4,321

 
$
4,321

 
$
4,321

 
$
4,321

Retail lease intangibles
 
(221
)
 
(540
)
 
(71
)
 
(71
)
 
(71
)
 
(67
)
Total
 
$
859

 
$
3,781

 
$
4,250

 
$
4,250

 
$
4,250

 
$
4,254
Acquired and Disposed Properties [Table Text Block]
During the nine months ended September 30, 2016, the Company acquired the entire equity interest in the following from unaffiliated parties (purchase price in thousands):
 
 
Properties
 
Apartment Units
 
Purchase Price
Rental Properties – Consolidated (1)
 
4

 
573

 
$
249,334

Total
 
4

 
573

 
$
249,334


(1)
Purchase price includes an allocation of approximately $98.0 million to land and $151.3 million to depreciable property.

During the nine months ended September 30, 2016, the Company disposed of the following to unaffiliated parties (sales price in thousands):
 
 
Properties
 
Apartment Units
 
Sales Price
Consolidated:
 
 
 
 
 
 
Rental Properties (1)
 
91

 
27,831

 
$
6,568,003

Land Parcels
 
—

 
—

 
57,455

Unconsolidated:
 
 
 
 
 
 
Rental Properties (2)
 
1

 
336

 
74,500

Total
 
92

 
28,167

 
$
6,699,958


(1)
Includes the Starwood Portfolio sale (see further discussion below) representing 72 operating properties consisting of 23,262 apartment units for $5.365 billion.
(2) The Company owned a 20% interest in this unconsolidated rental property. Sale price listed is the gross sale price. The Company's share of the net sales proceeds approximated $12.4 million.

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]
In accordance with this classification, the Company ceased depreciation on all assets in the Starwood Portfolio as of November 1, 2015 and the following assets were classified as held for sale in the accompanying consolidated balance sheets at December 31, 2015 (amounts in thousands):
 
 
December 31, 2015
Land
 
$
602,737

Depreciable property:
 
 
Buildings and improvements
 
2,386,489

Furniture, fixtures and equipment
 
335,565

In-Place lease intangibles
 
35,554

Real estate held for sale before accumulated depreciation
 
3,360,345

Accumulated depreciation
 
(1,179,210
)
Real estate held for sale
 
$
2,181,135
Schedule of Real Estate Properties [Table Text Block]
The ownership breakdown includes (table does not include various uncompleted development properties):
 
 
Properties
 
Apartment Units
Wholly Owned Properties
 
285

 
73,557

Master-Leased Properties – Consolidated
 
3

 
853

Partially Owned Properties – Consolidated
 
18

 
3,471

Partially Owned Properties – Unconsolidated
 
2

 
945

 
 
308

 
78,826
Starwood Portfolio [Member]  
Schedule of Real Estate Properties [Table Text Block]
The following table provides the operating segments/locations of the properties and apartment units sold in the Starwood Transaction, which represents substantially all of the assets in the Company's South Florida and Denver markets and certain assets in the Washington D.C., Seattle and Los Angeles markets. The sale of these properties represents the continuation of the Company's long-term strategy of investing in high barrier to entry urban markets. See Note 11 for further discussion.
Markets/Metro Areas
 
Properties
 
Apartment Units
South Florida
 
33

 
10,742

Denver
 
18

 
6,635

Washington D.C.
 
10

 
3,020

Seattle
 
8

 
1,721

Los Angeles
 
3

 
1,144

Total
 
72

 
23,262