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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Real estate, at cost $ 3,533,172 $ 3,789,711
Real estate - intangible assets 597,294 692,778
Investments in real estate under construction 106,652 95,402
Real estate, gross 4,237,118 4,577,891
Less: accumulated depreciation and amortization 1,208,792 1,179,969
Real estate, net 3,028,326 3,397,922
Assets held for sale 23,808 24,425
Cash and cash equivalents 86,637 93,249
Restricted cash 31,142 10,637
Investment in and advances to non-consolidated entities 67,125 31,054
Deferred expenses (net of accumulated amortization) 33,360 42,000
Loans receivable, net 94,210 95,871
Rent receivable - current 7,516 7,193
Rent receivable – deferred 31,455 87,547
Other assets 37,888 18,505
Assets 3,441,467 3,808,403
Liabilities:    
Mortgages and notes payable, net 738,047 872,643
Revolving credit facility borrowings 0 177,000
Term loans payable, net 501,093 500,076
Senior notes payable, net 494,362 493,526
Convertible notes payable, net 0 12,126
Trust preferred securities, net 127,096 126,996
Dividends payable 47,264 45,440
Liabilities held for sale 191 8,405
Accounts payable and other liabilities 59,601 41,479
Accrued interest payable 6,704 8,851
Deferred revenue - including below market leases (net of accumulated accretion) 39,895 42,524
Prepaid rent 14,723 16,806
Total liabilities 2,028,976 2,345,872
Commitments and contingencies
Equity:    
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 238,037,177 and 234,575,225 shares issued and outstanding in 2016 and 2015, respectively 24 23
Additional paid-in-capital 2,800,736 2,776,837
Accumulated distributions in excess of net income (1,500,966) (1,428,908)
Accumulated other comprehensive loss (1,033) (1,939)
Total shareholders’ equity 1,392,777 1,440,029
Noncontrolling interests 19,714 22,502
Total equity 1,412,491 1,462,531
Total liabilities and equity 3,441,467 3,808,403
Series C [Member]    
Equity:    
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding 94,016 94,016
LCIF [Member]    
Assets:    
Real estate, at cost 731,202 1,061,606
Real estate - intangible assets 104,761 189,700
Investments in real estate under construction 40,443 9,223
Real estate, gross 876,406 1,260,529
Less: accumulated depreciation and amortization 236,930 255,024
Real estate, net 639,476 1,005,505
Cash and cash equivalents 52,031 19,130
Restricted cash 1,545 2,457
Investment in and advances to non-consolidated entities 5,526 5,924
Deferred expenses (net of accumulated amortization) 5,070 8,459
Rent receivable - current 358 801
Rent receivable – deferred 17,449 87,150
Related party advances, net 5,967 0
Other assets 1,182 1,500
Assets 728,604 1,130,926
Liabilities:    
Mortgages and notes payable, net 169,212 431,599
Co-borrower debt 146,404 201,106
Related party advances, net 0 3,232
Dividends payable 16,916 17,214
Accounts payable and other liabilities 3,559 5,503
Accrued interest payable 673 942
Deferred revenue - including below market leases (net of accumulated accretion) 1,003 5,306
Prepaid rent 3,214 4,367
Total liabilities 340,981 669,269
Commitments and contingencies
Equity:    
Partners' capital 387,623 461,657
Total liabilities and equity $ 728,604 $ 1,130,926