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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Disaggregation of Revenue [Table Text Block] | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2020 |  | 2019
​ |  | (In thousands)
Property management fees | ​ | $ | 6,024 | ​ | $ | 5,428
Asset management fees | ​ |  | 2,724 | ​ |  | 3,488
Leasing fees | ​ |  | 1,747 | ​ |  | 2,213
Development fees | ​ |  | 2,812 | ​ |  | 1,596
Construction management fees | ​ |  | 1,013 | ​ |  | 629
Other service revenue | ​ |  | 1,635 | ​ |  | 883
Third-party real estate services revenue, excluding reimbursements | ​ |  | 15,955 | ​ |  | 14,237
Reimbursements revenue (1) | ​ |  | 13,761 | ​ |  | 13,454
Third-party real estate services revenue, including reimbursements | ​ | ​ | 29,716 | ​ | ​ | 27,691
Third-party real estate services expenses | ​ | ​ | 28,814 | ​ | ​ | 28,066
Third-party real estate services revenue less expenses | ​ | $ | 902 | ​ | $ | (375)
(1) | Represents reimbursement of expenses incurred by us on behalf of third parties, including allocated payroll costs and amounts paid to third-party contractors for construction management projects.
Segment information | The following is the reconciliation of net income attributable to common shareholders to consolidated NOI: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ |  | 2020 |  | 2019
​ |  | (In thousands)
Net income attributable to common shareholders | ​ | $ | 42,925 | ​ | $ | 24,861
Add: | ​ |  |  | ​ |  |
Depreciation and amortization expense | ​ |  | 48,489 | ​ |  | 48,719
General and administrative expense: | ​ |  |  | ​ |  |
Corporate and other | ​ |  | 13,176 | ​ |  | 12,314
Third-party real estate services | ​ |  | 28,814 | ​ |  | 28,066
Share-based compensation related to Formation Transaction and special equity awards | ​ |  | 9,441 | ​ |  | 11,131
Transaction and other costs | ​ |  | 5,309 | ​ |  | 4,895
Interest expense | ​ |  | 12,005 | ​ |  | 17,174
Loss on extinguishment of debt | ​ |  | 33 | ​ |  | —
Income tax benefit | ​ |  | (2,345) | ​ |  | (1,172)
Net income attributable to redeemable noncontrolling interests | ​ |  | 5,250 | ​ |  | 3,387
Less: | ​ |  |  | ​ |  |
Third-party real estate services, including reimbursements | ​ |  | 29,716 | ​ |  | 27,691
Other revenue (1) | ​ |  | 1,630 | ​ |  | 1,640
Income (loss) from unconsolidated real estate ventures, net | ​ |  | (2,692) | ​ |  | 3,601
Interest and other income, net | ​ |  | 907 | ​ |  | 951
Gain on sale of real estate | ​ |  | 59,477 | ​ |  | 39,033
Consolidated NOI | ​ | $ | 74,059 | ​ | $ | 76,459
(1) | Excludes parking revenue of $6.4 million and $6.5 million for the three months ended March 31, 2020 and 2019.
The following is a summary of NOI by segment. Items classified in the Other column include future development assets, corporate entities and the elimination of intersegment activity. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2020
​ |  | Commercial |  | Multifamily |  | Other |  | Total
​ |  | (In thousands)
Property rentals revenue | ​ | $ | 91,198 | ​ | $ | 32,803 | ​ | $ | (3,621) | ​ | $ | 120,380
Other property revenue | ​ |  | 6,244 | ​ |  | 137 | ​ |  | — | ​ |  | 6,381
Total property revenue | ​ |  | 97,442 | ​ |  | 32,940 | ​ |  | (3,621) | ​ |  | 126,761
Property expense: | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Property operating | ​ |  | 27,943 | ​ |  | 10,307 | ​ |  | (3,747) | ​ |  | 34,503
Real estate taxes | ​ |  | 12,372 | ​ |  | 4,738 | ​ |  | 1,089 | ​ |  | 18,199
Total property expense | ​ |  | 40,315 | ​ |  | 15,045 | ​ |  | (2,658) | ​ |  | 52,702
Consolidated NOI | ​ | $ | 57,127 | ​ | $ | 17,895 | ​ | $ | (963) | ​ | $ | 74,059
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2019
​ |  | Commercial |  | Multifamily |  | Other |  | Total
​ | ​ | (In thousands)
Property rentals revenue | ​ | $ | 96,247 | ​ | $ | 28,249 | ​ | $ | (5,083) | ​ | $ | 119,413
Other property revenue | ​ |  | 6,375 | ​ |  | 80 | ​ |  | — | ​ |  | 6,455
Total property revenue | ​ |  | 102,622 | ​ |  | 28,329 | ​ |  | (5,083) | ​ |  | 125,868
Property expense: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Property operating | ​ |  | 30,481 | ​ |  | 7,967 | ​ |  | (6,274) | ​ |  | 32,174
Real estate taxes | ​ |  | 12,513 | ​ |  | 3,548 | ​ |  | 1,174 | ​ |  | 17,235
Total property expense | ​ |  | 42,994 | ​ |  | 11,515 | ​ |  | (5,100) | ​ |  | 49,409
Consolidated NOI | ​ | $ | 59,628 | ​ | $ | 16,814 | ​ | $ | 17 | ​ | $ | 76,459
​ The following is a summary of certain balance sheet data by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Commercial |  | Multifamily |  | Other |  | Total
​ | ​ | (In thousands)
March 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Real estate, at cost | ​ | $ | 3,450,039 | ​ | $ | 2,016,514 | ​ | $ | 384,980 | ​ | $ | 5,851,533
Investments in unconsolidated real estate ventures | ​ |  | 398,849 | ​ |  | 107,162 | ​ |  | 36,972 | ​ |  | 542,983
Total assets (1) | ​ |  | 3,570,707 | ​ |  | 1,697,302 | ​ |  | 871,804 | ​ |  | 6,139,813
December 31, 2019 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Real estate, at cost | ​ | $ | 3,415,294 | ​ | $ | 1,998,297 | ​ | $ | 361,928 | ​ | $ | 5,775,519
Investments in unconsolidated real estate ventures | ​ |  | 396,199 | ​ |  | 107,882 | ​ |  | 38,945 | ​ |  | 543,026
Total assets (1) | ​ |  | 3,361,122 | ​ |  | 1,682,872 | ​ |  | 942,257 | ​ |  | 5,986,251
(1) | Includes assets held for sale. See Note 3 for additional information.

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599 + Details
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