XML 30 R35.htm IDEA: XBRL DOCUMENT v3.3.0.814
Business Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Summary information for the reportable segments        
Rental and other property revenues $ 240,382 $ 239,873 $ 717,308 $ 719,501
Tax credit and asset management revenues 6,005 6,970 18,127 22,684
Total revenues 246,387 246,843 735,435 742,185
Property operating expenses 88,621 95,240 272,043 289,008
Investment management expenses 1,905 1,279 4,594 3,552
Depreciation and amortization 77,237 69,437 226,819 211,143
Impairment of Real Estate 0 1,413 0 1,413
General and administrative expenses 11,013 10,658 33,727 31,304
Other expenses, net 3,590 1,349 7,521 7,223
Total operating expenses 182,366 179,376 544,704 543,643
Net operating income (loss) 64,021 67,467 190,731 198,542
Other items included in continuing operations (40,252) (49,281) (124,598) (150,373)
Income from continuing operations 23,769 18,186 66,133 48,169
Operating Segments [Member] | Conventional Real Estate Operations [Member]        
Summary information for the reportable segments        
Rental and other property revenues 204,246 187,063 599,977 546,381
Total revenues 204,246 187,063 599,977 546,381
Property operating expenses 68,456 63,869 200,660 187,881
Total operating expenses 68,456 63,869 200,660 187,881
Net operating income (loss) 135,790 123,194 399,317 358,500
Income from continuing operations 135,790 123,194 399,317 358,500
Operating Segments [Member] | Affordable Real Estate Operations [Member]        
Summary information for the reportable segments        
Rental and other property revenues 24,388 23,724 72,779 70,717
Total revenues 24,388 23,724 72,779 70,717
Property operating expenses 9,631 9,274 28,965 29,129
Impairment of Real Estate       0
Total operating expenses 9,631 9,274 28,965 29,129
Net operating income (loss) 14,757 14,450 43,814 41,588
Income from continuing operations 14,757 14,450 43,814 41,588
Proportionate Adjustments [Member]        
Summary information for the reportable segments        
Rental and other property revenues [1] 10,219 7,337 28,269 21,704
Total revenues [1] 10,219 7,337 28,269 21,704
Property operating expenses [1] 3,434 2,422 10,274 6,820
Total operating expenses [1] 3,434 2,422 10,274 6,820
Net operating income (loss) [1] 6,785 4,915 17,995 14,884
Income from continuing operations [1] 6,785 4,915 17,995 14,884
Corporate Nonsegment And Other Reconciling Items Member [Member]        
Summary information for the reportable segments        
Rental and other property revenues [2] 1,529 21,749 16,283 80,699
Tax credit and asset management revenues [2] 6,005 6,970 18,127 22,684
Total revenues [2] 7,534 28,719 34,410 103,383
Property operating expenses [2] 7,100 19,675 32,144 65,178
Investment management expenses [2] 1,905 1,279 4,594 3,552
Depreciation and amortization [2] 77,237 69,437 226,819 211,143
Impairment of Real Estate   1,413   1,413
General and administrative expenses [2] 11,013 10,658 33,727 31,304
Other expenses, net [2] 3,590 1,349 7,521 7,223
Total operating expenses [2] 100,845 103,811 304,805 319,813
Net operating income (loss) [2] (93,311) (75,092) (270,395) (216,430)
Other items included in continuing operations [2] (40,252) (49,281) (124,598) (150,373)
Income from continuing operations [2] $ (133,563) $ (124,373) $ (394,993) $ (366,803)
[1] Represents adjustments for the noncontrolling interests in consolidated real estate partnerships’ share of the results of our consolidated apartment communities and the results of consolidated apartment communities that we do not manage, which are excluded from our measurement of segment performance but included in the related consolidated amounts, and our share of the results of operations of our unconsolidated real estate partnerships that we manage, which are included in our measurement of segment performance but excluded from the related consolidated amounts.
[2] Our basis for assessing segment performance excludes the results of apartment communities sold or classified as held for sale. In the segment presentation above, the current year and prior year operating results for apartment communities sold or classified as held for sale during 2015 or 2014 are presented within the Corporate and Amounts Not Allocated to Segments column.