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v3.21.1

Investment in Unconsolidated Joint Ventures (Narrative) (Details) $ in Thousands |  |  | 3 Months Ended |  |
--- | --- | --- | --- | --- | ---
Apr. 01, 2021 USD ($) | Mar. 30, 2021 USD ($) ft² | Jun. 30, 2021 USD ($) | Mar. 31, 2021 USD ($) | Mar. 31, 2020 USD ($) | Feb. 25, 2021 ft² | Dec. 31, 2020 USD ($)
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Mortgage notes payable, net |  |  |  |  | $ 2,904,672 |  |  |  | $ 2,909,081
Proceeds from Sale of Equity Method Investments |  |  |  |  | 17,589 |  | $ 0 |  |
Payments to Acquire Equity Method Investments |  |  |  |  | 16,684 |  | 89,997 |  |
Income (Loss) from Equity Method Investments |  |  |  |  | 5,225 |  | (369) |  |
Capital distributions from unconsolidated joint ventures |  |  |  |  | 122 |  | 0 |  |
Proceeds from sales of real estate |  |  |  |  | 0 |  | 259,489 |  |
Repayments of Secured Debt |  |  |  |  | $ 5,374 |  | 4,212 |  |
Gateway Commons Complex [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 50.00% | [1] |  | 54.00% | 55.00%
Gateway Commons Complex [Member] | Scenario, Plan |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 50.00% |  |  |  |
Gateway Commons Complex [Member] | Scenario, Plan | 751 Gateway |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 49.00% |  |  |  |
Gateway Commons Complex prior to deferred contribution [Member] [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 54.00% |  |  |  | 55.00%
Gateway Commons Complex Future Development[Member] [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 49.00% |  |  |  |
Platform 16 |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage | [2] |  |  |  | 55.00% |  |  |  |
Annapolis Junction NFM, LLC [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  | 50.00% |  | 50.00% | [3] |  |  |
Contractual Sales Price |  |  | $ 65,900 |  |  |  |  |  |
Proceeds from Sale of Equity Method Investments |  |  | 17,600 |  |  |  |  |  |
Gain on Sale of Investments |  |  | 10,300 |  | $ 10,300 |  |  |  |
Repayments of Secured Debt |  |  | $ 15,100 |  |  |  |  |  |
Annapolis Junction NFM, LLC [Member] | Subsequent Event [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Proceeds from Sale of Equity Method Investments |  |  |  | $ 200 |  |  |  |  |
Capital distributions from unconsolidated joint ventures |  | $ 5,800 |  |  |  |  |  |  |
Annapolis Junction NFM, LLC [Member] | Annapolis Junction Building Six and Seven | Unconsolidated Properties |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area (in sf) | ft² |  |  | 247,000 |  |  |  |  |  |
Joint Venture Partner [Member] | Gateway Commons Complex Future Development[Member] [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Ownership Percentage |  |  |  |  | 51.00% |  |  |  |
Unconsolidated Joint Ventures [Member] |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Mortgage notes payable, net |  |  |  |  | $ 2,662,616 |  |  |  | $ 2,637,911
Income (Loss) from Equity Method Investments |  |  |  |  | 5,225 |  | (369) |  |
Gain on Sale of Investments |  |  |  |  | $ 10,257 | [4] | $ 0 |  |
Construction in Progress | Gateway Commons Complex [Member] | 751 Gateway | Unconsolidated Properties |  |  |  |  |  |  |  |  |
Schedule of Equity Method Investments [Line Items] |  |  |  |  |  |  |  |  |
Net Rentable Area (in sf) | ft² |  |  |  |  |  |  |  | 229,000 |
[1] | As a result of the partner’s deferred contribution, the Company owned an approximately 54% and 55% interest in the joint venture at March 31, 2021 and December 31, 2020, respectively. Future development projects will be owned 49% by the Company and 51% by its partner.
[2] | This entity is a VIE (See Note 2).
[3] | On March 30, 2021, the Company sold its interest in the joint venture to the partner. See below for additional details.
[4] | During the three months ended March 31, 2021, the Company completed the sale of its 50% ownership interest in Annapolis Junction NFM LLC. The Company recognized a gain on sale of investment of approximately $10.3 million.

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