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Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of reconciliation of NOI to net income
A reconciliation of NOI to net income for years ended December 31, 2016, 2015 and 2014 is as follows (dollars in thousands):

 
For the year ended
 
12/31/16
 
12/31/15
 
12/31/14
Net income
$
1,033,708

 
$
741,733

 
$
697,327

Indirect operating expenses, net of corporate income
61,403

 
56,973

 
49,055

Investments and investment management expense
4,822

 
4,370

 
4,485

Expensed acquisition, development and other pursuit costs, net of recoveries
9,922

 
6,822

 
(3,717
)
Interest expense, net (1)
187,510

 
175,615

 
180,618

Loss (gain) on extinguishment of debt, net
7,075

 
(26,736
)
 
412

General and administrative expense
45,771

 
42,774

 
41,425

Equity in income of unconsolidated real estate entities
(64,962
)
 
(70,018
)
 
(148,766
)
Depreciation expense (1)
531,434

 
477,923

 
442,682

Income tax expense
305

 
1,483

 
9,368

Casualty and impairment (gain) loss, net
(3,935
)
 
(10,542
)
 
—

Gain on sale of real estate assets
(384,847
)
 
(125,272
)
 
(85,415
)
Gain on sale of discontinued operations
—

 
—

 
(37,869
)
Income from discontinued operations
—

 
—

 
(310
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations (2)
(17,509
)
 
(34,133
)
 
(49,708
)
Net operating income
$
1,410,697

 
$
1,240,992

 
$
1,099,587

_________________________________
(1)
Includes amounts associated with assets sold or held for sale, not classified as discontinued operations.
Schedule of net operating income from real estate assets sold or held for sale, not classified as discontinued operations
The following is a summary of NOI from real estate assets sold or held for sale, not classified as discontinued operations, for the periods presented (dollars in thousands):

 
For the year ended
 
12/31/2016
 
12/31/2015
 
12/31/2014
 
 
 
 
 
 
Rental income from real estate assets sold or held for sale, not classified as discontinued operations
$
28,430

 
$
55,674

 
$
80,704

Operating expenses from real estate assets sold or held for sale, not classified as discontinued operations
(10,921
)
 
(21,541
)
 
(30,996
)
Net operating income from real estate assets sold or held for sale, not classified as discontinued operations
$
17,509

 
$
34,133

 
$
49,708
Schedule of details of segment information
 
Total
revenue
 
NOI
 
% NOI change
from prior year
 
Gross
real estate (1)
For the year ended December 31, 2016
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
239,201

 
$
153,669

 
4.9
 %
 
$
1,888,524

Metro NY/NJ
379,151

 
258,950

 
1.4
 %
 
3,212,220

Mid-Atlantic
233,711

 
162,243

 
1.3
 %
 
2,339,395

Pacific Northwest
79,684

 
57,494

 
6.5
 %
 
737,289

Northern California
319,121

 
244,458

 
7.0
 %
 
2,661,258

Southern California
291,567

 
207,537

 
9.1
 %
 
2,672,691

Total Established (2)
1,542,435

 
1,084,351

 
4.8
 %
 
13,511,377

 
 
 
 
 
 
 
 
Other Stabilized (3)
235,360

 
165,530

 
N/A

 
2,330,503

Development / Redevelopment
233,431

 
160,816

 
N/A

 
4,755,315

Land Held for Future Development
N/A

 
N/A

 
N/A

 
84,293

Non-allocated (4)
5,599

 
N/A

 
N/A

 
74,292

Total
$
2,016,825

 
$
1,410,697

 
13.7
 %
 
$
20,755,780

 
 
 
 
 
 
 
 
For the year ended December 31, 2015
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
182,366

 
$
114,717

 
2.7
 %
 
$
1,460,746

Metro NY/NJ
361,902

 
256,907

 
3.4
 %
 
3,152,361

Mid-Atlantic
209,013

 
145,497

 
0.2
 %
 
2,177,823

Pacific Northwest
67,900

 
48,833

 
8.5
 %
 
721,040

Northern California
273,432

 
210,226

 
11.9
 %
 
2,414,184

Southern California
252,530

 
173,919

 
9.4
 %
 
2,465,432

Total Established (2)
1,347,143

 
950,099

 
5.9
 %
 
12,391,586

 
 
 
 
 
 
 
 
Other Stabilized
221,042

 
145,263

 
N/A

 
2,040,269

Development / Redevelopment
222,222

 
145,630

 
N/A

 
4,238,967

Land Held for Future Development
N/A

 
N/A

 
N/A

 
484,377

Non-allocated (4)
9,947

 
N/A

 
N/A

 
73,372

Total
$
1,800,354

 
$
1,240,992

 
12.9
 %
 
$
19,228,571

 
 
 
 
 
 
 
 
For the year ended December 31, 2014 (5)
 

 
 

 
 

 
 

Established
 

 
 

 
 

 
 

New England
$
164,181

 
$
104,674

 
0.8
 %
 
$
1,333,854

Metro NY/NJ
285,641

 
203,522

 
3.3
 %
 
2,251,697

Mid-Atlantic
98,590

 
69,498

 
(2.5
)%
 
647,374

Pacific Northwest
46,041

 
32,012

 
6.8
 %
 
500,247

Northern California
174,527

 
132,899

 
8.2
 %
 
1,402,444

Southern California
139,841

 
95,626

 
5.2
 %
 
1,225,328

Total Established (2)
908,821

 
638,231

 
3.6
 %
 
7,360,944

 
 
 
 
 
 
 
 
Other Stabilized
497,634

 
343,477

 
N/A

 
6,057,783

Development / Redevelopment
186,852

 
117,879

 
N/A

 
3,972,180

Land Held for Future Development
N/A

 
N/A

 
N/A

 
180,516

Non-allocated (4)
11,050

 
N/A

 
N/A

 
32,444

Total
$
1,604,357

 
$
1,099,587

 
16.5
 %
 
$
17,603,867

_________________________________
(1)
Does not include gross real estate assets held for sale of $20,846, $39,528 and $245,449 as of December 31, 2016, 2015 and 2014, respectively.
(2)
Gross real estate for the Company's Established Communities includes capitalized additions of approximately $85,676, $74,982 and $52,635 in 2016, 2015 and 2014, respectively.
(3)
Total revenue and NOI for the year ended December 31, 2016 includes $20,306 in business interruption insurance proceeds related to the Edgewater casualty loss.
(4)
Revenue represents third-party management, accounting, and developer fees and miscellaneous income which are not allocated to a reportable segment.