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Investments in and Advances to Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2017
Schedule Of Equity Method Investments [Line Items] |
Service Fees and Income Earned by Company | Service fees and income earned by the Company through management, financing, leasing and development activities performed related to all of the Company’s unconsolidated joint ventures are as follows (in millions):
| Three Months |
| Ended March 31, |
| 2017 |  |  | 2016 |
Management and other fees | $ | 6.9 |  |  | $ | 6.2 |
Interest income |  | 7.5 |  |  |  | 8.3 |
Development fees and leasing commissions |  | 2.5 |  |  |  | 1.9 |
Summary of Terms For Unconsolidated Joint Ventures Investments | The Company’s two unconsolidated investments with The Blackstone Group L.P. (“Blackstone”), BRE DDR Retail Holdings III (“BRE DDR III”) and BRE DDR Retail Holdings IV (“BRE DDR IV”) and, together (the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned):
|  |  | Common |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Equity |  |  | Preferred Investment |  |  | Properties Owned |
| Formation |  | Initial |  |  | Initial |  |  | March 31, 2017 |  |  | Net of Reserve |  |  | Inception |  |  | March 31, 2017 |
BRE DDR III | Oct 2014 |  | $ | 19.6 |  |  | $ | 300.0 |  |  | $ | 314.6 |  |  | $ | 244.6 |  |  |  | 70 |  |  |  | 49 |
BRE DDR IV | Dec 2015 |  |  | 12.9 |  |  |  | 82.6 |  |  |  | 74.5 |  |  |  | 68.5 |  |  |  | 6 |  |  |  | 6 |
Unconsolidated Joint Ventures [Member] |
Schedule Of Equity Method Investments [Line Items] |
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments | Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):
| March 31, 2017 |  |  | December 31, 2016 |
Condensed Combined Balance Sheets |  |  |  |  |  |  |
Land | $ | 1,268,425 |  |  | $ | 1,287,675 |
Buildings |  | 3,338,488 |  |  |  | 3,376,720 |
Fixtures and tenant improvements |  | 205,412 |  |  |  | 203,824 |
|  | 4,812,325 |  |  |  | 4,868,219 |
Less: Accumulated depreciation |  | (914,860 | ) |  |  | (884,356 | )
|  | 3,897,465 |  |  |  | 3,983,863 |
Construction in progress and land |  | 58,932 |  |  |  | 56,983 |
Real estate, net |  | 3,956,397 |  |  |  | 4,040,846 |
Cash and restricted cash |  | 60,822 |  |  |  | 50,378 |
Receivables, net |  | 43,931 |  |  |  | 50,685 |
Other assets, net |  | 242,234 |  |  |  | 248,664 |
| $ | 4,303,384 |  |  | $ | 4,390,573 |
Mortgage debt | $ | 2,898,615 |  |  | $ | 3,034,399 |
Notes and accrued interest payable to the Company |  | 3,028 |  |  |  | 1,584 |
Other liabilities |  | 194,458 |  |  |  | 206,949 |
|  | 3,096,101 |  |  |  | 3,242,932 |
Redeemable preferred equity – DDR |  | 395,945 |  |  |  | 393,338 |
Accumulated equity |  | 811,338 |  |  |  | 754,303 |
| $ | 4,303,384 |  |  | $ | 4,390,573 |
Company's share of accumulated equity | $ | 106,819 |  |  | $ | 97,977 |
Redeemable preferred equity, net |  | 319,315 |  |  |  | 393,338 |
Basis differentials |  | (30,987 | ) |  |  | (36,117 | )
Deferred development fees, net of portion related to the Company's interest |  | (2,813 | ) |  |  | (2,651 | )
Amounts payable to the Company |  | 3,028 |  |  |  | 1,584 |
Investments in and Advances to Joint Ventures, net | $ | 395,362 |  |  | $ | 454,131 |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| Three Months |
| Ended March 31, |
| 2017 |  |  | 2016 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |
Revenues from operations | $ | 127,048 |  |  | $ | 127,910 |
Expenses from operations: |  |  |  |  |  |  |
Operating expenses |  | 36,668 |  |  |  | 37,656 |
Impairment charges |  | 52,657 |  |  |  | — |
Depreciation and amortization |  | 45,096 |  |  |  | 49,035 |
Interest expense |  | 30,130 |  |  |  | 33,322 |
Preferred share expense |  | 8,128 |  |  |  | 8,264 |
Other (income) expense, net |  | 6,573 |  |  |  | 5,811 |
|  | 179,252 |  |  |  | 134,088 |
Loss from continuing operations |  | (52,204 | ) |  |  | (6,178 | )
(Loss) gain on disposition of real estate, net |  | (173 | ) |  |  | 53,483 |
Net (loss) income attributable to unconsolidated joint ventures | $ | (52,377 | ) |  | $ | 47,305 |
Company's share of equity in net (loss) income of joint ventures | $ | (5,293 | ) |  | $ | 11,274 |
Basis differential adjustments(A) |  | 3,628 |  |  |  | 3,147 |
Equity in net (loss) income of joint ventures | $ | (1,665 | ) |  | $ | 14,421 |
(A) | The difference between the Company’s share of net income (loss), as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains and differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.

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