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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Assets:    
Real estate, at cost $ 3,936,459 $ 3,533,172
Real estate - intangible assets 599,091 597,294
Investments in real estate under construction 0 106,652
Real estate, gross 4,535,550 4,237,118
Less: accumulated depreciation and amortization 1,225,650 1,208,792
Real estate, net 3,309,900 3,028,326
Assets held for sale 2,827 23,808
Cash and cash equivalents 107,762 86,637
Restricted cash 4,394 31,142
Investment in and advances to non-consolidated entities 17,476 67,125
Deferred expenses (net of accumulated amortization) 31,693 33,360
Loans receivable, net 0 94,210
Rent receivable - current 5,450 7,516
Rent receivable – deferred 52,769 31,455
Other assets 20,749 37,888
Assets 3,553,020 3,441,467
Liabilities:    
Mortgages and notes payable, net 689,810 738,047
Revolving credit facility borrowings 160,000 0
Term loans payable, net 596,663 501,093
Senior notes payable, net 495,198 494,362
Trust preferred securities, net 127,196 127,096
Dividends payable 49,504 47,264
Liabilities held for sale 0 191
Accounts payable and other liabilities 38,644 59,601
Accrued interest payable 5,378 6,704
Deferred revenue - including below market leases (net of accumulated accretion) 33,182 39,895
Prepaid rent 16,610 14,723
Total liabilities 2,212,185 2,028,976
Commitments and contingencies
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
Common shares, par value $0.0001 per share; authorized 400,000,000 shares, 240,689,081 and 238,037,177 shares issued and outstanding in 2017 and 2016, respectively 24 24
Additional paid-in-capital 2,818,520 2,800,736
Accumulated distributions in excess of net income (1,589,724) (1,500,966)
Accumulated other comprehensive income (loss) 1,065 (1,033)
Total shareholders’ equity 1,323,901 1,392,777
Noncontrolling interests 16,934 19,714
Total equity 1,340,835 1,412,491
Total liabilities and equity 3,553,020 3,441,467
LCIF [Member]    
Assets:    
Real estate, at cost 794,242 731,202
Real estate - intangible assets 116,861 104,761
Investments in real estate under construction 0 40,443
Real estate, gross 911,103 876,406
Less: accumulated depreciation and amortization 233,121 236,930
Real estate, net 677,982 639,476
Cash and cash equivalents 50,900 52,031
Restricted cash 932 1,545
Investment in and advances to non-consolidated entities 6,477 5,526
Deferred expenses (net of accumulated amortization) 6,326 5,070
Rent receivable - current 365 358
Rent receivable – deferred 22,529 17,449
Related party advances, net 0 5,967
Other assets 2,202 1,182
Assets 767,713 728,604
Liabilities:    
Mortgages and notes payable, net 212,792 169,212
Co-borrower debt 157,789 146,404
Related party advances, net 2,422 0
Dividends payable 14,952 16,916
Accounts payable and other liabilities 8,748 3,559
Accrued interest payable 691 673
Deferred revenue - including below market leases (net of accumulated accretion) 804 1,003
Prepaid rent 3,233 3,214
Total liabilities 401,431 340,981
Commitments and contingencies
Equity:    
Partners' capital 366,282 387,623
Total liabilities and equity $ 767,713 $ 728,604