XML 56 R44.htm IDEA: XBRL DOCUMENT v3.22.2.2
JOINT VENTURES AND PARTNERSHIPS - Unconsolidated joint ventures and partnerships (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Financial information relating to unconsolidated joint ventures operations                
Total revenues $ 391,297 $ 329,770 $ 1,117,730 $ 942,559        
Property operating expenses 66,769 57,708 185,658 160,424        
Real estate depreciation and amortization 166,781 152,636 497,987 442,893        
Gain/(loss) on sale of property 0 0 0 50,829        
Operating income 62,919 33,170 161,545 144,027        
Interest expense (39,905) (36,289) (112,653) (149,849)        
Other income/(loss) (7,495) 8,238 (6,934) 12,831        
Net income/(loss) 25,145 19,040 45,112 34,849        
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 9,862,171   9,862,171     $ 9,603,707    
Investments, at fair value 761,117   761,117     702,461    
Cash and cash equivalents 1,532 1,063 1,532 1,063   967   $ 1,409
Other Assets 209,728   209,728     216,311    
Total assets 11,097,962   11,097,962     10,775,220    
Accounts payable, accrued expenses, and other liabilities 135,904   135,904     136,954    
Total liabilities 6,226,683   6,226,683     6,001,474    
Total equity 3,950,968 3,123,540 3,950,968 3,123,540 $ 3,869,634 3,474,304 $ 2,805,173 $ 3,258,591
Variable Interest Entity, Primary Beneficiary                
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total assets 86,900   86,900          
Total liabilities 300   300          
Unconsolidated Joint Ventures                
Financial information relating to unconsolidated joint ventures operations                
Total revenues 38,093 33,635 110,451 97,777        
Property operating expenses 18,326 18,128 52,805 51,983        
Real estate depreciation and amortization 16,233 17,486 50,689 50,082        
Gain/(loss) on sale of property     127,542 34,757        
Operating income 3,534 (1,979) 134,499 30,469        
Interest expense (9,829) (13,181) (26,598) (32,776)        
Other income/(loss) (478) (156) (877) (1,826)        
Net realized/unrealized gain/(loss) on held investments 19,331 1,875 95,953 4,452        
Net realized gain/(loss) on held investments (24,561) 60,138 (263,202) 104,399        
Net income/(loss) (12,003) $ 46,697 (60,225) $ 104,718        
Combined summary of balance sheets relating to unconsolidated joint ventures                
Total real estate, net 2,315,766   2,315,766     2,043,158    
Investments, at fair value 258,129   258,129     460,241    
Real estate assets held for sale           168,668    
Cash and cash equivalents 38,298   38,298     22,891    
Other Assets 122,365   122,365     28,948    
Total assets 2,734,558   2,734,558     2,723,906    
Third party debt, net 1,359,194   1,359,194     1,215,918    
Liabilities held for sale           106,990    
Accounts payable, accrued expenses, and other liabilities 156,175   156,175     51,689    
Total liabilities 1,515,369   1,515,369     1,374,597    
Total equity $ 1,219,189   $ 1,219,189     $ 1,349,309