XML 23 R7.htm IDEA: XBRL DOCUMENT v3.19.2
MAALP Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Assets      
Land $ 1,883,960 $ 1,868,828  
Buildings and improvements and other 11,775,716 11,670,216  
Development and capital improvements in progress 97,526 59,506  
Real Estate Investment Property, at Cost 13,757,202 13,598,550  
Less: Accumulated depreciation (2,791,606) (2,549,287)  
Real Estate Investment Property, Net 10,965,596 11,049,263  
Undeveloped land 58,257 58,257  
Investment in real estate joint venture 43,997 44,181  
Real estate assets, net 11,067,850 11,151,701  
Cash and cash equivalents 40,972 34,259 $ 32,610
Restricted cash 16,712 17,414 28,193
Other assets 149,296 120,407  
Total assets 11,274,830 11,323,781  
Liabilities:      
Unsecured notes payable 3,879,526 4,053,302  
Secured notes payable 660,463 475,026  
Accrued expenses and other liabilities 450,212 413,850  
Total liabilities 4,990,201 4,942,178  
Redeemable common stock 12,103 9,414  
Operating Partnership capital:      
Accumulated other comprehensive loss (9,092) (212)  
Noncontrolling interests - consolidated real estate entities $ 5,656 $ 2,306  
Redeemable stock, shares issued and outstanding 102,779 98,371  
Limited Partner [Member]      
Assets      
Land $ 1,883,960 $ 1,868,828  
Buildings and improvements and other 11,775,716 11,670,216  
Development and capital improvements in progress 97,526 59,506  
Real Estate Investment Property, at Cost 13,757,202 13,598,550  
Less: Accumulated depreciation (2,791,606) (2,549,287)  
Real Estate Investment Property, Net 10,965,596 11,049,263  
Undeveloped land 58,257 58,257  
Investment in real estate joint venture 43,997 44,181  
Real estate assets, net 11,067,850 11,151,701  
Cash and cash equivalents 40,972 34,259 32,610
Restricted cash 16,712 17,414 $ 28,193
Other assets 149,296 120,407  
Total assets 11,274,830 11,323,781  
Liabilities:      
Unsecured notes payable 3,879,526 4,053,302  
Secured notes payable 660,463 475,026  
Accrued expenses and other liabilities 450,212 413,850  
Due to general partner 19 19  
Total liabilities 4,990,220 4,942,197  
Redeemable common stock 12,103 9,414  
Operating Partnership capital:      
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840  
General Partners' Capital Account [1] 5,993,973 6,083,142  
Limited Partners' Capital Account [1] 215,404 220,043  
Accumulated other comprehensive loss (9,366) (161)  
Total operating partners' capital 6,266,851 6,369,864  
Noncontrolling interests - consolidated real estate entities 5,656 2,306  
Total capital 6,272,507 6,372,170  
Total liabilities and capital $ 11,274,830 $ 11,323,781  
Redeemable stock, shares issued and outstanding 102,779 98,371  
[1] Number of units outstanding represent total OP Units regardless of classification on the Condensed Consolidated Balance Sheets. The number of units classified as redeemable common units on the Condensed Consolidated Balance Sheets as of June 30, 2019 and December 31, 2018 are 102,779 and 98,371, respectively.