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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of reconciliation of NOI to net income
A reconciliation of NOI to net income for the three and six months ended June 30, 2017 and 2016 is as follows (dollars in thousands):
 
For the three months ended
 
For the six months ended
 
6/30/2017
 
6/30/2016
 
6/30/2017
 
6/30/2016
Net income
$
165,194

 
$
197,319

 
$
400,975

 
$
435,197

Indirect operating expenses, net of corporate income
16,423

 
15,477

 
32,720

 
32,015

Investments and investment management expense
1,455

 
1,194

 
2,776

 
2,340

Expensed acquisition, development and other pursuit costs, net of recoveries
570

 
1,436

 
1,298

 
4,897

Interest expense, net
50,102

 
46,581

 
99,397

 
89,991

Loss on extinguishment of debt, net
24,162

 
2,461

 
24,162

 
2,461

General and administrative expense
13,947

 
12,011

 
27,153

 
23,414

Equity in income of unconsolidated real estate entities
(1,146
)
 
(27,151
)
 
(17,819
)
 
(55,120
)
Depreciation expense
141,439

 
132,469

 
282,060

 
259,685

Income tax expense
58

 
36

 
78

 
73

Casualty and impairment (gain) loss, net
—

 
(1,732
)
 
11,688

 
(3,935
)
Gain on sale of real estate
(44,067
)
 
(31,133
)
 
(132,382
)
 
(82,563
)
Net operating income from real estate assets sold or held for sale
(1,038
)
 
(9,345
)
 
(3,900
)
 
(19,321
)
        Net operating income
$
367,099

 
$
339,623

 
$
728,206

 
$
689,134
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 for the periods presented (dollars in thousands):
 
For the three months ended
 
For the six months ended
 
6/30/2017
 
6/30/2016
 
6/30/2017
 
6/30/2016
Rental income from real estate assets sold or held for sale
$
1,664

 
$
15,277

 
$
6,376

 
$
31,188

Operating expenses from real estate assets sold or held for sale
(626
)
 
(5,932
)
 
(2,476
)
 
(11,867
)
Net operating income from real estate assets sold or held for sale
$
1,038

 
$
9,345

 
$
3,900

 
$
19,321
Schedule of details of segment information
 
For the three months ended
 
For the six months ended
 
 
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Total
revenue
 
NOI
 
% NOI  change from  prior year
 
Gross real estate (1)
For the period ended June 30, 2017
 
 

 
 
 
 
 
 
 
 

Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
59,292

 
$
37,658

 
1.3
 %
 
$
117,898

 
$
75,474

 
2.3
%
 
$
1,879,079

Metro NY/NJ
90,402

 
61,538

 
0.9
 %
 
179,564

 
122,502

 
2.3
%
 
2,967,335

Mid-Atlantic
56,022

 
38,343

 
—
 %
 
111,777

 
77,490

 
1.8
%
 
2,064,723

Pacific Northwest
20,791

 
15,017

 
5.9
 %
 
41,245

 
29,832

 
5.6
%
 
732,351

Northern California
84,028

 
64,587

 
2.3
 %
 
167,351

 
128,304

 
2.1
%
 
2,819,965

Southern California
83,778

 
59,808

 
4.2
 %
 
167,003

 
120,359

 
5.2
%
 
3,008,947

Total Established
394,313

 
276,951

 
2.1
 %
 
784,838

 
553,961

 
3.0
%
 
13,472,400

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized
70,907

 
50,009

 
N/A

 
141,248

 
99,200

 
N/A

 
2,903,017

Development / Redevelopment
62,530

 
40,139

 
N/A

 
118,077

 
75,045

 
N/A

 
4,533,086

Land Held for Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
86,016

Non-allocated (2)
1,098

 
N/A

 
N/A

 
2,298

 
N/A

 
N/A

 
94,277

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
528,848

 
$
367,099

 
8.1
 %
 
$
1,046,461

 
$
728,206

 
5.7
%
 
$
21,088,796

 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the period ended June 30, 2016
 
 

 
 
 
 
 
 
 
 

Established
 

 
 

 
 

 
 
 
 
 
 
 
 

New England
$
59,288

 
$
37,977

 
2.9
 %
 
$
117,854

 
$
75,415

 
9.0
%
 
$
1,841,109

Metro NY/NJ
85,021

 
58,778

 
2.3
 %
 
168,099

 
115,480

 
2.7
%
 
2,889,770

Mid-Atlantic
58,464

 
40,530

 
2.5
 %
 
115,994

 
80,593

 
1.9
%
 
2,331,290

Pacific Northwest
17,968

 
12,866

 
5.4
 %
 
35,458

 
25,624

 
6.2
%
 
795,977

Northern California
79,632

 
60,850

 
6.8
 %
 
158,084

 
121,097

 
9.1
%
 
2,653,785

Southern California
71,612

 
50,933

 
10.3
 %
 
142,869

 
101,975

 
10.1
%
 
2,635,803

Total Established
371,985

 
261,934

 
5.1
 %
 
738,358

 
520,184

 
6.5
%
 
13,147,734

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Stabilized (3)
53,118

 
35,784

 
N/A

 
124,557

 
91,718

 
N/A

 
2,166,893

Development / Redevelopment
60,460

 
41,905

 
N/A

 
113,711

 
77,232

 
N/A

 
4,065,071

Land Held for Development
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
N/A

 
511,797

Non-allocated (2)
1,467

 
N/A

 
N/A

 
2,990

 
N/A

 
N/A

 
81,186

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
$
487,030

 
$
339,623

 
12.0
 %
 
$
979,616

 
$
689,134

 
16.8
%
 
$
19,972,681

__________________________________

(1)
Does not include gross real estate assets held for sale of $15,271 and $77,943 as of June 30, 2017 and 2016, respectively.
(2)
Revenue represents third-party management, asset management and developer fees and miscellaneous income which are not allocated to a reportable segment.
(3)
Total revenue and NOI for the six months ended June 30, 2016 includes $20,306 in business interruption insurance proceeds related to the Edgewater casualty loss.