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Investments in and Advances to Joint Ventures (Tables) | 9 Months Ended
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Sep. 30, 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 |  |  | Nine Months |
| Ended September 30, |  |  | Ended September 30, |
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Management and other fees | $ | 5.3 |  |  | $ | 6.3 |  |  | $ | 18.9 |  |  | $ | 22.2 |
Interest income |  | 6.3 |  |  |  | 8.4 |  |  |  | 20.1 |  |  |  | 25.0 |
Development fees and leasing commissions |  | 1.8 |  |  |  | 2.2 |  |  |  | 6.2 |  |  |  | 5.9 |
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 with BRE DDR III, the “BRE DDR Joint Ventures”), have substantially similar terms and are summarized as follows (in millions, except properties owned):
|  |  | Common Equity |  |  | Preferred Investment (Principal) |  |  | Properties Owned |
| Formation |  | Initial |  |  | Initial |  |  | September 30, 2017 |  |  | Net of Reserve |  |  | Inception |  |  | September 30, 2017 |
BRE DDR III | Oct 2014 |  | $ | 19.6 |  |  | $ | 300.0 |  |  | $ | 314.5 |  |  | $ | 262.7 |  |  |  | 70 |  |  |  | 42 |
BRE DDR IV | Dec 2015 |  |  | 12.9 |  |  |  | 82.6 |  |  |  | 67.1 |  |  |  | 58.3 |  |  |  | 6 |  |  |  | 6 |
|  |  |  |  |  |  | $ | 382.6 |  |  | $ | 381.6 |  |  | $ | 321.0 |  |  |  |  |  |  |  |  |
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):
| September 30, 2017 |  |  | December 31, 2016 |
Condensed Combined Balance Sheets |  |  |  |  |  |  |
Land | $ | 1,250,276 |  |  | $ | 1,287,675 |
Buildings |  | 3,238,956 |  |  |  | 3,376,720 |
Fixtures and tenant improvements |  | 212,529 |  |  |  | 203,824 |
|  | 4,701,761 |  |  |  | 4,868,219 |
Less: Accumulated depreciation |  | (957,207 | ) |  |  | (884,356 | )
|  | 3,744,554 |  |  |  | 3,983,863 |
Construction in progress and land |  | 56,381 |  |  |  | 56,983 |
Real estate, net |  | 3,800,935 |  |  |  | 4,040,846 |
Cash and restricted cash |  | 117,211 |  |  |  | 50,378 |
Receivables, net |  | 53,199 |  |  |  | 50,685 |
Other assets, net |  | 205,436 |  |  |  | 248,664 |
| $ | 4,176,781 |  |  | $ | 4,390,573 |
Mortgage debt | $ | 2,698,105 |  |  | $ | 3,034,399 |
Notes and accrued interest payable to the Company |  | 2,626 |  |  |  | 1,584 |
Other liabilities |  | 195,817 |  |  |  | 206,949 |
|  | 2,896,548 |  |  |  | 3,242,932 |
Redeemable preferred equity – DDR |  | 392,479 |  |  |  | 393,338 |
Accumulated equity |  | 887,754 |  |  |  | 754,303 |
| $ | 4,176,781 |  |  | $ | 4,390,573 |
Company's share of accumulated equity | $ | 134,001 |  |  | $ | 97,977 |
Redeemable preferred equity, net |  | 327,309 |  |  |  | 393,338 |
Basis differentials |  | (26,103 | ) |  |  | (36,117 | )
Deferred development fees, net of portion related to the Company's interest |  | (2,881 | ) |  |  | (2,651 | )
Amounts payable to the Company |  | 2,626 |  |  |  | 1,584 |
Investments in and Advances to Joint Ventures, net | $ | 434,952 |  |  | $ | 454,131 |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| Three Months |  |  | Nine Months |
| Ended September 30, |  |  | Ended September 30, |
| 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues from operations | $ | 126,992 |  |  | $ | 127,676 |  |  | $ | 380,568 |  |  | $ | 384,476 |
Expenses from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 36,041 |  |  |  | 35,547 |  |  |  | 110,400 |  |  |  | 110,176 |
Impairment charges |  | 2,160 |  |  |  | 13,598 |  |  |  | 82,667 |  |  |  | 13,598 |
Depreciation and amortization |  | 45,291 |  |  |  | 47,955 |  |  |  | 137,976 |  |  |  | 146,011 |
Interest expense |  | 24,276 |  |  |  | 33,567 |  |  |  | 83,410 |  |  |  | 100,208 |
Preferred share expense |  | 8,307 |  |  |  | 8,438 |  |  |  | 24,674 |  |  |  | 25,007 |
Other (income) expense, net |  | 6,577 |  |  |  | 5,829 |  |  |  | 22,204 |  |  |  | 17,959 |
|  | 122,652 |  |  |  | 144,934 |  |  |  | 461,331 |  |  |  | 412,959 |
Income (loss) from continuing operations |  | 4,340 |  |  |  | (17,258 | ) |  |  | (80,763 | ) |  |  | (28,483 | )
Gain on disposition of real estate, net |  | 31,740 |  |  |  | 658 |  |  |  | 30,764 |  |  |  | 54,255 |
Net income (loss) attributable to unconsolidated joint ventures | $ | 36,080 |  |  | $ | (16,600 | ) |  | $ | (49,999 | ) |  | $ | 25,772 |
Company's share of equity in net income (loss) of joint ventures | $ | 3,819 |  |  | $ | (1,755 | ) |  | $ | (2,570 | ) |  | $ | 10,336 |
Basis differential adjustments(A) |  | 992 |  |  |  | 298 |  |  |  | 4,999 |  |  |  | 3,745 |
Equity in net income (loss) of joint ventures | $ | 4,811 |  |  | $ | (1,457 | ) |  | $ | 2,429 |  |  | $ | 14,081 |
(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, unrecognized preferred PIK, the recognition of deferred gains, 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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