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Investments in Unconsolidated Joint Ventures (Balance Sheets of the Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Real estate and development in process, net $ 17,741,337 $ 17,622,212
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Mortgage and notes payable, net 2,912,494 2,922,408
Other Liabilities 369,932 387,994
Total liabilities and equity / capital 22,959,215 21,284,905
Carying value of the Company's investment in unconsolidated joint ventures 1,377,291 955,647
Right-of-use assets - finance leases 237,382 237,394
Right of use assets - operating leases 146,973 148,640
Lease liabilities - finance lease 233,288 224,042
Lease liabilities - operating leases 201,337 200,180
Unconsolidated Joint Ventures [Member]    
ASSETS    
Real estate and development in process, net [1] 4,651,694 3,904,400
Other assets 560,764 502,706
Total assets 5,212,458 4,407,106
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Mortgage and notes payable, net 2,558,499 2,218,853
Other Liabilities [2] 651,744 749,675
Members'/Partners' equity 2,002,215 1,438,578
Total liabilities and equity / capital 5,212,458 4,407,106
Company's share of equity 948,569 591,905
Basis differentials [3] 399,266 341,318
Carying value of the Company's investment in unconsolidated joint ventures [4] 1,347,835 933,223
Right-of-use assets - finance leases 248,900 383,900
Right of use assets - operating leases 11,500 12,100
Lease liabilities - finance lease 389,400 510,800
Lease liabilities - operating leases 17,500 17,300
Colorado Center [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 308,000 311,300
Unconsolidated Joint Ventures [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Other Liabilities 29,500 $ 22,400
Gateway Commons Complex [Member]    
LIABILITIES AND MEMBERS'/PARTNERS' EQUITY    
Basis differentials 53,100  
Carying value of the Company's investment in unconsolidated joint ventures [5] $ 339,383  
[1] At September 30, 2020 and December 31, 2019, this amount included right of use assets - finance leases totaling approximately $248.9 million and $383.9 million, respectively, and right of use assets - operating leases totaling approximately $11.5 million and $12.1 million, respectively.
[2] At September 30, 2020 and December 31, 2019, this amount included lease liabilities - finance leases totaling approximately $389.4 million and $510.8 million, respectively, and lease liabilities - operating leases totaling approximately $17.5 million and $17.3 million, respectively.
[3] This amount represents the aggregate difference between the Company’s historical cost basis and the basis reflected at the joint venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials result from impairments of investments, acquisitions through joint ventures with no change in control and upon the transfer of assets that were previously owned by the Company into a joint venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the joint venture level. At September 30, 2020 and December 31, 2019, there was an aggregate basis differential of approximately $308.0 million and $311.3 million, respectively, between the carrying value of the Company’s investment in the joint venture that owns Colorado Center and the joint venture’s basis in the assets and liabilities. At September 30, 2020, there was an aggregate basis differential of approximately $53.1 million between the carrying value of the Company’s investment in the joint venture that owns Gateway Commons and the joint venture’s basis in the assets and liabilities. These basis differentials (excluding land) will be amortized over the remaining lives of the related assets and liabilities.
[4] Investments with deficit balances aggregating approximately $29.5 million and $22.4 million at September 30, 2020 and December 31, 2019, respectively, are reflected within Other Liabilities in the Company’s Consolidated Balance Sheets.
[5] Investments with deficit balances aggregating approximately $29.5 million and $22.4 million at September 30, 2020 and December 31, 2019, respectively, are included within Other Liabilities in the Company’s Consolidated Balance Sheets.