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Property, net (Tables) | 12 Months Ended
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Dec. 31, 2016
Property, Plant and Equipment [Abstract] |
Schedule of Real Estate Properties | Property at December 31, 2016 and 2015 consists of the following:
| 2016 |  | 2015
Land | $ | 1,607,590 |  |  | $ | 1,894,717 |
Buildings and improvements | 6,511,741 |  |  | 7,752,892 |
Tenant improvements | 622,878 |  |  | 637,355 |
Equipment and furnishings | 177,036 |  |  | 169,841 |
Construction in progress | 289,966 |  |  | 234,851 |
| 9,209,211 |  |  | 10,689,656 |
Less accumulated depreciation | (1,851,901 | ) |  | (1,892,744 | )
| $ | 7,357,310 |  |  | $ | 8,796,912 |
Assets Measured on a Nonrecurring Basis | The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended December 31, 2016, 2015 and 2014 as described above:
Years ended December, 31 |  | Total Fair Value Measurement |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Unobservable Inputs |  | Significant Unobservable Inputs
|  | (Level 1) |  | (Level 2) |  | (Level 3)
2016 |  | $ | 86,100 |  |  | $ | — |  |  | $ | — |  |  | $ | 86,100 |
2015 |  | $ | 33,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 33,300 |
2014 |  | $ | 44,500 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,500 |
Quantitative Information, Unobservable Inputs | The following table sets forth quantitative information about the unobservable inputs of the Company’s Level 3 real estate recorded as of December 31, 2016, 2015 and 2014:
Unobservable Inputs |  | 2016 |  | 2015 |  | 2014
Terminal capitalization rate |  | 7.0% - 10.0% |  | 9.0% |  | 8.0% - 9.0%
Discount rate |  | 8.0% - 15.0% |  | 9.5% |  | 9.0% - 10.5%
Market rents per square foot |  | $2.00 - $20.00 |  | $5.00 - $150.00 |  | $6.00 - $160.00

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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