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JOINT VENTURES AND PARTNERSHIPS - Unconsolidated joint ventures and partnerships (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net $ 8,741,018   $ 8,741,018     $ 8,466,106    
Cash and cash equivalents 3,370 $ 833 3,370 $ 833   1,409   $ 8,106
Other Assets 184,758   184,758     188,118    
Total assets 9,919,271   9,919,271     9,637,533    
Accounts payable, accrued expenses, and other liabilities 119,405   119,405     110,999    
Total liabilities 6,009,822   6,009,822     5,522,648    
Total equity 2,805,173 3,414,945 2,805,173 3,414,945 $ 3,016,401 3,258,591 $ 3,478,390 $ 3,389,314
Financial information relating to unconsolidated joint ventures operations                
Total revenues 311,348 307,256 612,789 628,737        
Property operating expenses 51,335 48,717 102,716 98,200        
Real estate depreciation and amortization 146,169 155,056 290,257 310,532        
Gain/(loss) on sale of property   61,303 50,829 61,303        
Operating income 35,787 91,777 110,857 130,731        
Interest expense (35,404) (38,597) (113,560) (77,914)        
Other income/(loss) 2,536 2,421 4,593 5,121        
Net income/(loss) 12,535 62,096 15,809 67,636        
Unconsolidated Joint Ventures                
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 2,138,303   2,138,303     1,904,805    
Real Estate Held-for-sale           88,458    
Cash and cash equivalents 18,606   18,606     22,278    
Other Assets 240,953   240,953     150,894    
Total assets 2,397,862   2,397,862     2,166,435    
Third party debt, net 1,259,279   1,259,279     1,188,710    
Liabilities held for sale           55,440    
Accounts payable, accrued expenses, and other liabilities 38,390   38,390     40,556    
Total liabilities 1,297,669   1,297,669     1,284,706    
Total equity 1,100,193   1,100,193     $ 881,729    
Financial information relating to unconsolidated joint ventures operations                
Total revenues 32,006 37,312 64,143 78,626        
Property operating expenses 16,745 14,468 33,855 29,765        
Real estate depreciation and amortization 16,144 16,913 32,597 33,156        
Gain/(loss) on sale of property     34,757          
Operating income (883) 5,931 32,448 15,705        
Interest expense (7,460) (10,149) (19,594) (20,496)        
Net realized/unrealized gain/(loss) on held investments 38,350 29,312 46,838 29,312        
Other income/(loss) (14) 117 (1,671) 109        
Net income/(loss) $ 29,993 $ 25,211 $ 58,021 $ 24,630