XML 25 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Co-investments (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment $ 716,443   $ 677,133
Balance sheets [Abstract]      
Rental properties and real estate under development 308,266   50,430
Other liabilities 22,281   22,189
Statement of operations [Abstract]      
Interest expense (26,055) (25,211)  
General and administrative (7,075) (6,239)  
Equity income in co-investments 10,526 4,211  
Depreciation and Amortization (2,986) (2,930)  
Membership interest in Wesco I [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 136,495   142,025
Membership interest in Wesco III [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 38,928   39,073
Partnership interest in Fund II [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 7,235   4,166
Membership interest in a limited liability company that owns Expo [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 11,877   12,041
Total operating co-investments [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 194,535   197,305
Membership interests in limited liability companies with CPPIB that own and are developing Epic, Connolly Station, Mosso I & II, Park 20, and The Village [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 336,417   301,538
Membership interests in limited liability companies that own and are developing The Huxley and The Dylan [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 19,151   18,545
Membership interests in limited liability companies that owns and is developing One South Market [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 22,632   17,115
Total development co-investments [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 378,200   337,198
Membership interest in Wesco II that owns a preferred equity interest in Park Merced with a preferred return of 10.1% [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 95,115   94,711
Preferred return rate (in hundredths) 10.10%    
Preferred interests in related party limited liability companies that owns Sage at Cupertino with a preferred return of 9.5% [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 15,955   15,775
Preferred return rate (in hundredths) 9.50%    
Preferred interest in a related party limited liability company that owns Madison Park at Anaheim with a preferred return of 9% [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 13,824   13,824
Preferred return rate (in hundredths) 9.00%    
Preferred interest in related party limited liability company that owns an apartment development in Redwood City with a preferred return of 12% [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 9,681   9,455
Preferred return rate (in hundredths) 12.00%    
Preferred interest in a limited liability company that owns an apartment development in San Jose with a preferred return of 12% [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 9,133   8,865
Preferred return rate (in hundredths) 12.00%    
Total preferred interest investments [Member]
     
Investments in joint ventures accounted for under the equity method of accounting [Abstract]      
Total co-investment 143,708   142,630
Total co investment [Member]
     
Balance sheets [Abstract]      
Rental properties and real estate under development 1,993,763   1,953,328
Other assets 131,716   61,578
Total assets 2,125,479   2,014,906
Debt 756,117   667,641
Other liabilities 82,519   125,479
Equity 1,286,843   1,221,786
Total liabilities and equity 2,125,479   2,014,906
Company's share of equity 716,443   677,133
Statement of operations [Abstract]      
Property revenues 27,960 27,859  
Property operating expenses (11,560) (9,828)  
Net property operating income 16,400 18,031  
Gain on sale of real estate 11,369 0  
Interest expense (6,023) (6,778)  
General and administrative (1,388) (1,514)  
Equity income in co-investments 4,759 0  
Depreciation and Amortization (10,693) (11,019)  
Net (loss) income 14,424 (1,280)  
Company's share of net income $ 10,526 $ 4,211