Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016, 2015, and 2014 ($ in thousands):

	Years Ended December 31,
	2016			2015			2014
Revenues:
Southern California	$	561,094		$	507,536		$	418,495
Northern California	453,140			407,590			319,082
Seattle Metro	217,259			201,417			168,337
Other real estate assets	54,230			68,955			55,677
Total property revenues	$	1,285,723		$	1,185,498		$	961,591
Net operating income:
Southern California	$	382,312		$	340,797		$	274,806
Northern California	325,394			291,168			223,559
Seattle Metro	148,279			136,579			112,494
Other real estate assets	40,811			53,446			38,186
Total net operating income	896,796			821,990			649,045
Management and other fees from affiliates	8,278			8,909			9,347
Depreciation and amortization	(441,682		)	(453,423		)	(360,592		)
General and administrative	(40,751		)	(40,090		)	(40,878		)
Merger and integration expenses	—			(3,798		)	(53,530		)
Acquisition and investment related costs	(1,841		)	(2,414		)	(1,878		)
Interest expense	(219,654		)	(204,827		)	(164,551		)
Total return swap income	11,716			5,655			—
Interest and other income	27,305			19,143			11,811
Equity income in co-investments	48,698			21,861			39,893
Loss on early retirement of debt	(606		)	(6,114		)	(268		)
Gain on sale of real estate and land	154,561			47,333			46,039
Deferred tax expense on gain on sale of real estate and land	(4,410		)	—			—
Gain on remeasurement of co-investment	—			34,014			—
Net income	$	438,410		$	248,239		$	134,438

Reconciliation of Assets from Segment to Consolidated

Total assets for each of the reportable operating segments are summarized as follows as of December 31, 2016 and 2015 ($ in thousands):

	As of December 31,
Assets:	2016		2015
Southern California	$	4,924,792	$	4,752,174
Northern California	3,791,549		3,733,218
Seattle Metro	1,570,340		1,613,175
Other real estate assets	78,079		283,010
Net reportable operating segments - real estate assets	10,364,760		10,381,577
Real estate under development	190,505		242,326
Co-investments	1,161,275		1,036,047
Real estate held for sale, net	101,957		26,879
Cash and cash equivalents, including restricted cash	170,302		123,055
Marketable securities	139,189		137,485
Notes and other receivables	40,970		19,285
Prepaid expenses and other assets	48,450		41,730
Total assets	$	12,217,408	$	12,008,384