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Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Real Estate Properties

The composition of the Company’s investment properties as of September 30, 2020 and December 31, 2019 was as follows:

						Balance at
						September 30, 2020						December 31, 2019
Investment properties, at cost:
Land, buildings and improvements						$	3,048,503					$	3,038,412
Furniture, equipment and other						7,026						7,775
Construction in progress						27,624						41,204
						$	3,083,153					$	3,087,391

Lessor, Schedule Of Lease Rental Income

The Company recognized the following lease rental income for the three and nine months ended September 30, 2020 and 2019:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
Fixed Contractual Lease Payments - Operating Leases			54,301						58,828						164,219						188,021
Variable Lease Payments - Operating Leases			12,824						14,022						38,244						44,650
Bad Debt Reserve			(3,136)						(892)						(9,760)						(2,338)
Straight-Line Rent Adjustment			256						939						1,001						2,561
Straight-Line Rent Reserve for Uncollectability			(507)						(1,153)						(4,264)						(1,153)
Amortization of In-Place Lease Liabilities, net			555						829						1,919						2,985
Total			64,293						72,573						191,359						234,726

Schedule of Stockholders Equity

The non-redeemable noncontrolling interests in consolidated properties for the nine months ended September 30, 2020 and 2019 were as follows:

			2020						2019
Noncontrolling interests balance January 1			$	698					$	698
Net income allocable to noncontrolling interests,   excluding redeemable noncontrolling interests			—						—
Noncontrolling interests balance at September 30			$	698					$	698

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net

For the three and nine months ended September 30, 2020 and 2019, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
Parent Company’s weighted average interest in Operating Partnership			97.4		%				97.5		%				97.4		%				97.6		%
Limited partners' weighted average interests in Operating Partnership			2.6		%				2.5		%				2.6		%				2.4		%

Redeemable Noncontrolling Interest

The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the nine months ended September 30, 2020 and 2019 were as follows:

			2020						2019
Redeemable noncontrolling interests balance January 1			$	52,574					$	45,743
Net income allocable to redeemable noncontrolling interests			148						(10)
Distributions declared to redeemable noncontrolling interests			(1,222)						(2,388)
Other, net including adjustments to redemption value			(7,060)						2,038
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at September 30			$	44,440					$	45,383
Limited partners' interests in Operating Partnership			$	34,370					$	35,313
Other redeemable noncontrolling interests in certain subsidiaries			10,070						10,070
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at September 30			$	44,440					$	45,383

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The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
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-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4M
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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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-Topic 505
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