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Investments in Unconsolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Combined and condensed balance sheets of unconsolidated joint ventures | Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures:
| March 31, 2020 |  | December 31, 2019
Assets(1): |  |  |
Property, net | $ | 9,414,762 |  |  | $ | 9,424,591 |
Other assets | 752,159 |  |  | 772,116 |
Total assets | $ | 10,166,921 |  |  | $ | 10,196,707 |
Liabilities and partners' capital(1): |  |  |
Mortgage and other notes payable | $ | 6,125,614 |  |  | $ | 6,144,685 |
Other liabilities | 495,817 |  |  | 565,412 |
Company's capital | 1,916,313 |  |  | 1,904,145 |
Outside partners' capital | 1,629,177 |  |  | 1,582,465 |
Total liabilities and partners' capital | $ | 10,166,921 |  |  | $ | 10,196,707 |
Investments in unconsolidated joint ventures: |  |  |
Company's capital | $ | 1,916,313 |  |  | $ | 1,904,145 |
Basis adjustment(2) | (482,643) |  |  | (492,350) |
| $ | 1,433,670 |  |  | $ | 1,411,795 |
Assets—Investments in unconsolidated joint ventures | $ | 1,540,826 |  |  | $ | 1,519,697 |
Liabilities—Distributions in excess of investments in unconsolidated joint ventures | (107,156) |  |  | (107,902) |
| $ | 1,433,670 |  |  | $ | 1,411,795 |
(1) These amounts include assets of $2,911,512 and $2,932,401 of Pacific Premier Retail LLC (the "PPR Portfolio") as of March 31, 2020 and December 31, 2019, respectively, and liabilities of $1,709,593 and $1,732,976 of the PPR Portfolio as of March 31, 2020 and December 31, 2019, respectively. (2) The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $3,999 and $4,539 for the three months ended March 31, 2020 and 2019, respectively.
Combined and condensed statements of operations of unconsolidated joint ventures | Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
| PPR Portfolio |  | Other Joint Ventures |  | Total
Three Months Ended March 31, 2020 |  |  |  |  |
Revenues: |  |  |  |  |
Leasing revenue | $ | 58,378 |  |  | $ | 172,245 |  |  | $ | 230,623 |
Other | 51 |  |  | 6,888 |  |  | 6,939 |
Total revenues | 58,429 |  |  | 179,133 |  |  | 237,562 |
Expenses: |  |  |  |  |
Shopping center and operating expenses | 9,642 |  |  | 61,509 |  |  | 71,151 |
Leasing expenses | 473 |  |  | 1,295 |  |  | 1,768 |
Interest expense | 16,094 |  |  | 38,141 |  |  | 54,235 |
Depreciation and amortization | 28,618 |  |  | 68,360 |  |  | 96,978 |
Total operating expenses | 54,827 |  |  | 169,305 |  |  | 224,132 |
Net income | $ | 3,602 |  |  | $ | 9,828 |  |  | $ | 13,430 |
Company's equity in net income | $ | 4,721 |  |  | $ | 4,977 |  |  | $ | 9,698 |
Three Months Ended March 31, 2019 |  |  |  |  |
Revenues: |  |  |  |  |
Leasing revenue | $ | 46,020 |  |  | $ | 173,524 |  |  | $ | 219,544 |
Other | 182 |  |  | 12,064 |  |  | 12,246 |
Total revenues | 46,202 |  |  | 185,588 |  |  | 231,790 |
Expenses: |  |  |  |  |
Shopping center and operating expenses | 9,672 |  |  | 59,650 |  |  | 69,322 |
Leasing expenses | 467 |  |  | 1,707 |  |  | 2,174 |
Interest expense | 16,951 |  |  | 36,911 |  |  | 53,862 |
Depreciation and amortization | 25,514 |  |  | 64,467 |  |  | 89,981 |
Total operating expenses | 52,604 |  |  | 162,735 |  |  | 215,339 |
Loss on sale or write down of assets, net | (6) |  |  | (135) |  |  | (141) |
Net (loss) income | $ | (6,408) |  |  | $ | 22,718 |  |  | $ | 16,310 |
Company's equity in net (loss) income | $ | (1,199) |  |  | $ | 13,442 |  |  | $ | 12,243 |

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