Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Reconciliation Of Revenues And Operating Profit Loss From Segments To Consolidated

The revenues and net operating income for each of the reportable operating segments are summarized as follows for the years ended December 31, 2015, 2014, and 2013 ($ in thousands):

	Years Ended December 31,
	2015			2014			2013
Revenues:
Southern California	$	529,440		$	423,570		$	263,582
Northern California	416,347			326,996			210,831
Seattle Metro	201,418			168,337			107,796
Other real estate assets	38,293			42,688			21,118
Total property revenues	$	1,185,498		$	961,591		$	603,327
Net operating income:
Southern California	$	355,007		$	279,434		$	176,075
Northern California	297,472			228,971			146,053
Seattle Metro	136,580			112,494			71,650
Other real estate assets	32,931			28,146			12,213
Total net operating income	821,990			649,045			405,991
Depreciation and amortization	(453,423		)	(360,592		)	(192,420		)
Interest expense	(204,827		)	(164,551		)	(116,524		)
Total return swap income	5,655			—			—
Management and other fees from affiliates	8,909			9,347			7,263
General and administrative	(40,090		)	(40,878		)	(26,684		)
Merger and integration expenses	(3,798		)	(53,530		)	(4,284		)
Acquisition and investment related costs	(2,414		)	(1,878		)	(1,161		)
Interest and other income	19,143			11,811			11,633
Loss on early retirement of debt, net	(6,114		)	(268		)	(300		)
Gain on sale of real estate and land	47,333			46,039			1,503
Equity income from co-investments	21,861			39,893			55,865
Gain on remeasurement of co-investment	34,014			—			—
Income before discontinued operations	$	248,239		$	134,438		$	140,882

Reconciliation of Assets from Segment to Consolidated

Total assets for each of the reportable operating segments are summarized as follows as of December 31, 2015 and 2014 ($ in thousands):

	As of December 31,
Assets:	2015		2014
Southern California	$	4,912,264	$	4,277,754
Northern California	3,749,072		3,418,571
Seattle Metro	1,613,175		1,647,058
Other real estate assets	107,066		336,492
Net reportable operating segments - real estate assets	10,381,577		9,679,875
Real estate under development	242,326		429,096
Co-investments	1,036,047		1,042,423
Real estate held for sale, net	26,879		56,300
Cash and cash equivalents, including restricted cash	123,055		95,749
Marketable securities and other investments	137,485		117,240
Notes and other receivables	19,285		24,923
Other non-segment assets	38,437		81,126
Total assets	$	12,005,091	$	11,526,732