Investments in Real Estate Entities (Tables)

3 Months Ended

Mar. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Combined summary of the financial position of the entities accounted for using the equity method

The following is a combined summary of the financial position of the entities accounted for using the equity method as of the dates presented, excluding amounts associated with joint ventures formed with Equity Residential as part of the Archstone acquisition (dollars in thousands):

	3/31/2016		12/31/2015
	(unaudited)		(unaudited)
Assets:
Real estate, net	$	1,111,906	$	1,392,833
Other assets	59,975		57,044
Total assets	$	1,171,881	$	1,449,877
Liabilities and partners’ capital:
Mortgage notes payable and credit facility	$	782,988	$	947,205
Other liabilities	21,250		20,471
Partners’ capital	367,643		482,201
Total liabilities and partners’ capital	$	1,171,881	$	1,449,877

Combined summary of the operating results of the entities accounted for using the equity method

The following is a combined summary of the operating results of the entities accounted for using the equity method for the periods presented, excluding amounts associated with joint ventures formed with Equity Residential as part of the Archstone acquisition (dollars in thousands):

	For the three months ended
	3/31/2016			3/31/2015
	(unaudited)
Rental and other income	$	36,955		$	45,255
Operating and other expenses	(14,170		)	(17,337		)
Gain on sale of communities	103,321			32,490
Interest expense, net (1)	(20,001		)	(10,477		)
Depreciation expense	(9,240		)	(11,902		)
Net income	$	96,865		$	38,029