XML 60 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727
Segment Information (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
segment
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Segment Reporting [Abstract]          
Number of reportable operating segments defined by geographical regions | segment     3    
Revenues from External Customers and Long-Lived Assets [Line Items]          
Property revenues $ 294,101 $ 256,952 $ 574,330 $ 416,302  
Net operating income 204,024 173,394 397,082 280,438  
Management and other fees from affiliates 2,061 2,836 4,705 4,495  
Depreciation and amortization (113,731) (101,292) (220,638) (151,604)  
General and administrative (9,549) (9,558) (20,094) (17,141)  
Merger and integration expenses (1,410) (26,497) (3,798) (42,556)  
Acquisition costs (429) (529) (976) (717)  
Interest expense (50,802) (42,151) (98,348) (71,192)  
Interest and other income 3,254 2,814 7,453 5,693  
Equity income from co-investments 4,472 5,629 8,783 16,155  
Gains on sale of real estate and land 0 0 7,112 7,481  
Gain on remeasurement of co-investment 12,652 0 34,014 0  
Net income 50,542 4,646 115,295 31,052  
Net reportable operating segment - real estate assets 10,510,902   10,510,902   $ 9,679,875
Real estate under development 220,911   220,911   429,096
Co-investments 1,044,208   1,044,208   1,042,423
Real estate held for sale, net 0   0   56,300
Cash and cash equivalents, including restricted cash 65,152   65,152   95,749
Marketable securities and other investments 121,244   121,244   117,240
Notes and other receivables 25,676   25,676   24,923
Other non-segment assets 56,911   56,911   81,126
Total assets 12,045,004   12,045,004   11,526,732
Other Real Estate Assets [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Property revenues 6,326 10,006 12,019 14,552  
Net operating income 6,089 7,904 7,972 9,040  
Net reportable operating segment - real estate assets 151,442   151,442   149,820
Reportable Geographical Components [Member] | Southern California [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Property revenues 131,026 114,780 254,481 184,391  
Net operating income 87,810 75,292 173,340 122,231  
Net reportable operating segment - real estate assets 4,836,313   4,836,313   4,241,277
Reportable Geographical Components [Member] | Northern California [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Property revenues 106,923 87,722 209,350 144,210  
Net operating income 76,451 60,797 148,967 100,720  
Net reportable operating segment - real estate assets 3,899,013   3,899,013   3,641,720
Reportable Geographical Components [Member] | Seattle Metro [Member]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Property revenues 49,826 44,444 98,480 73,149  
Net operating income 33,674 $ 29,401 66,803 $ 48,447  
Net reportable operating segment - real estate assets $ 1,624,134   $ 1,624,134   $ 1,647,058