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Investment in Unconsolidated Real Estate Ventures (Tables) | 3 Months Ended
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Mar. 31, 2017
Equity Method Investments And Joint Ventures [Abstract] |
Investment in Real Estate Ventures and Share of Real Estate Ventures' Income (Loss) | The following is a summary of the financial position of the Real Estate Ventures in which the Company held interests as of March 31, 2017 and December 31, 2016 (in thousands):
| March 31, 2017 |  |  | December 31, 2016 |
Net property | $ | 1,405,986 |  |  | $ | 1,483,067 |
Other assets |  | 210,032 |  |  |  | 231,972 |
Other liabilities |  | 107,161 |  |  |  | 129,486 |
Debt, net |  | 946,891 |  |  |  | 989,738 |
Equity |  | 561,966 |  |  |  | 595,815 |
Company’s share of equity (Company’s basis) (a) | $ | 264,941 |  |  | $ | 281,331 |
(a) | This amount includes the effect of the basis difference between the Company's historical cost basis and the basis recorded at the Real Estate Venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials occur from the impairment of investments, purchases of third party interests in existing Real Estate Ventures and upon the transfer of assets that were previously owned by the Company into a Real Estate Venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the Real Estate Venture level.
The following is a summary of results of operations of the Real Estate Ventures in which the Company held interests during the three-month periods ended March 31, 2017 and 2016 (in thousands):
| Three-month periods ended March 31, |
| 2017 |  |  | 2016 |
Revenue | $ | 54,279 |  |  | $ | 46,525 |
Operating expenses |  | (25,166 | ) |  |  | (26,668 | )
Interest expense, net |  | (10,830 | ) |  |  | (8,989 | )
Depreciation and amortization |  | (20,761 | ) |  |  | (20,160 | )
Net loss (a) | $ | (2,478 | ) |  | $ | (9,292 | )
Equity in loss of Real Estate Ventures | $ | (748 | ) |  | $ | (403 | )
(a) | The three-month period ended March 31, 2016 amount includes $6.4 million of acquisition deal costs related to the formation of the MAP Venture during the three-month period ended March 31, 2016.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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