XML 93 R77.htm IDEA: XBRL DOCUMENT v3.20.2
Unconsolidated Affiliates and Noncontrolling Interests - Unconsolidated Affiliates (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
ASSETS:                
Investment in real estate assets [1] $ 6,004,756,000   $ 6,004,756,000     $ 6,362,049,000    
Accumulated depreciation [1] (2,199,622,000)   (2,199,622,000)     (2,349,404,000)    
Net investment in real estate assets [1] 3,835,734,000   3,835,734,000     4,061,996,000    
Developments in progress [1] 30,600,000   30,600,000     49,351,000    
Total assets [1] 4,655,159,000   4,655,159,000     4,622,346,000    
LIABILITIES:                
Mortgage and other indebtedness, net 3,774,034,000   3,774,034,000     3,527,015,000    
Total liabilities [1] 4,001,181,000   4,001,181,000     3,758,321,000    
Shareholders' equity:                
The Company 630,104,000   630,104,000     806,312,000    
Noncontrolling interests 23,349,000   23,349,000     55,553,000    
Total equity 653,453,000 $ 918,586,000 653,453,000 $ 918,586,000 $ 725,091,000 861,865,000 $ 958,472,000 $ 1,032,165,000
Total liabilities, redeemable noncontrolling interests and equity 4,655,159,000   4,655,159,000     4,622,346,000    
Total revenues [2] 124,211,000 193,377,000 291,785,000 391,407,000        
Net income (72,793,000) (29,688,000) (212,087,000) (76,497,000)        
Equity in earnings (losses) of unconsolidated affiliates (6,079,000) 1,872,000 (5,061,000) 5,180,000        
BI Development II, LLC                
ASSETS:                
Investment in real estate assets 2,324,956,000   2,324,956,000     2,293,438,000    
Accumulated depreciation (835,032,000)   (835,032,000)     (803,909,000)    
Net investment in real estate assets 1,489,924,000   1,489,924,000     1,489,529,000    
Developments in progress 47,761,000   47,761,000     46,503,000    
Net investment in real estate assets 1,537,685,000   1,537,685,000     1,536,032,000    
Other assets 170,711,000   170,711,000     154,427,000    
Total assets 1,708,396,000   1,708,396,000     1,690,459,000    
LIABILITIES:                
Mortgage and other indebtedness, net 1,432,269,000   1,432,269,000     1,417,644,000    
Other liabilities 40,449,000   40,449,000     41,007,000    
Total liabilities 1,472,718,000   1,472,718,000     1,458,651,000    
Shareholders' equity:                
The Company 150,542,000   150,542,000     149,376,000    
Noncontrolling interests 85,136,000   85,136,000     82,432,000    
Total equity 235,678,000   235,678,000     231,808,000    
Total liabilities, redeemable noncontrolling interests and equity 1,708,396,000   1,708,396,000     $ 1,690,459,000    
Total revenues 46,661,000 54,230,000 107,175,000 110,097,000        
Net income (6,511,000) 2,993,000 (1,468,000) 9,003,000        
Equity in earnings (losses) of unconsolidated affiliates $ (6,079,000) $ 1,872,000 $ (5,061,000) $ 5,180,000        
[1] As of June 30, 2020, includes $369,359 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $171,518 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7
[2] Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company's revenues disaggregated by revenue source for each of the above segments.