XML 67 R52.htm IDEA: XBRL DOCUMENT v3.3.1.900
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Schedule of Operating Partnership's Equity Interest (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Variable Interest Entity [Line Items]      
Payments to noncontrolling interests $ 84,610 $ 221,330 $ 88,975
Fund II [Member]      
Variable Interest Entity [Line Items]      
Total distributions [1]     $ 47,100
Fund I and Mervyns I [Member]      
Variable Interest Entity [Line Items]      
Operating partnership share of capital [2] 22.22%    
Fund Size [2] $ 90,000    
Capital called [2],[3] 86,600    
Unfunded Commitments [2] $ 0    
Equity Interest Held By Operating Partnership [2] 37.78%    
Preferred Return [2] 9.00%    
Total distributions [2],[3] $ 194,500    
Fund II and Mervyns II [Member]      
Variable Interest Entity [Line Items]      
Operating partnership share of capital [1] 20.00%    
Fund Size [1] $ 300,000    
Capital called [1],[3] 300,000    
Unfunded Commitments [1] $ 47,100    
Equity Interest Held By Operating Partnership [1] 20.00%    
Preferred Return [1] 8.00%    
Total distributions [1],[3] $ 131,600    
Fund III [Member]      
Variable Interest Entity [Line Items]      
Operating partnership share of capital [4] 24.54%    
Fund Size [4] $ 502,500    
Capital called [3],[4] 387,500    
Unfunded Commitments [4] $ 62,500    
Equity Interest Held By Operating Partnership [4] 24.54%    
Preferred Return [4] 6.00%    
Total distributions [3],[4] $ 445,700    
Limited Liability Company LLC Or Limited Partnership LP, Managing Member Or General Partner, Additional Ownership Interest Acquired [4] 4.60%    
Payments to noncontrolling interests $ 7,300    
Fund IV [Member]      
Variable Interest Entity [Line Items]      
Operating partnership share of capital 23.12%    
Fund Size $ 540,600    
Capital called [3] 179,400    
Unfunded Commitments $ 361,200    
Equity Interest Held By Operating Partnership 23.12%    
Preferred Return 6.00%    
Total distributions [3] $ 101,900    
[1] During 2013, a distribution of $47.1 million was made to the Fund II investors, including the Operating Partnership. This amount is subject to recontribution to Fund II until December 2016, if needed to fund the on-going development and construction of existing projects.
[2] Fund I and Mervyns I have returned all capital and preferred return. The Operating Partnership is now entitled to a Promote on all future cash distributions.
[3] Represents the total for the Funds, including the Operating Partnership and noncontrolling interests' shares.
[4] During 2015, the Company acquired an additional 4.6% interest in Fund III from a limited partner for $7.3 million, giving the Company an aggregate 24.54% interest.