Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Selected Results Of Operations And Asset Information) (Details)

v3.3.1.900
Segment Reporting (Selected Results Of Operations And Asset Information) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information [Line Items]                      
Total revenues $ 146,443 $ 146,158 $ 148,567 $ 153,715 $ 151,414 $ 155,489 $ 160,300 $ 169,596 $ 594,883 $ 636,799 $ 667,031
Total operating and interest expenses [1]                 425,151 484,761 460,615
Equity in earnings (loss) of unconsolidated joint ventures                 (3,172) (2,423) (2,327)
Net operating income (loss) [2]                 166,560 149,615 204,089
Total assets 4,063,490       4,192,247       4,063,490 4,192,247  
Total long-lived assets [3] 3,466,427       3,670,704       3,466,427 3,670,704  
Total investments in unconsolidated joint ventures 303,457       247,468       303,457 247,468  
Impairment charge 33,743 [4] $ 164,176 [4]             197,919   110,853
Corporate & Other, Including Eliminations [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues [5]                 (4,339) (4,196) 7,177
Total operating and interest expenses [1],[5]                 105,452 138,733 135,963
Net operating income (loss) [2],[5]                 (109,791) (142,929) (128,786)
Total assets [5] 47,377       52,601       47,377 52,601  
Total long-lived assets [3],[5] (1,531)       3,482       (1,531) 3,482  
Real Estate - Commercial And Other [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 538,323 585,491 621,352
Total operating and interest expenses [1]                 264,967 295,416 285,755
Equity in earnings (loss) of unconsolidated joint ventures                 5,104 4,236 6,280
Net operating income (loss) [2]                 278,460 294,311 341,877
Total assets 3,167,408       3,636,126       3,167,408 3,636,126  
Total long-lived assets [3] 2,886,583       3,344,840       2,886,583 3,344,840  
Total investments in unconsolidated joint ventures 76,140       81,649       76,140 81,649  
Real Estate - Multi Family [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 27,787 24,971 12,792
Total operating and interest expenses [1]                 17,642 12,235 6,482
Equity in earnings (loss) of unconsolidated joint ventures                 (9,879) (8,790) (10,615)
Net operating income (loss) [2]                 266 3,946 (4,305)
Total assets 838,874       492,362       838,874 492,362  
Total long-lived assets [3] 577,705       318,524       577,705 318,524  
Total investments in unconsolidated joint ventures 225,850       164,912       225,850 164,912  
Fee revenue                     2,200
Multi Family Services [Member]                      
Segment Reporting Information [Line Items]                      
Total revenues                 33,112 [6] 30,533 [7] 25,710 [8]
Total operating and interest expenses [1]                 37,090 [9] 38,377 [10] 32,415 [11]
Equity in earnings (loss) of unconsolidated joint ventures                 1,603 2,131 2,008
Net operating income (loss) [2]                 (2,375) (5,713) (4,697)
Total assets 9,831       11,158       9,831 11,158  
Total long-lived assets [3] 3,670       3,858       3,670 3,858  
Total investments in unconsolidated joint ventures $ 1,467       $ 907       1,467 907  
Fee revenue                 6,600 2,300  
Management fee and salary reimbursement expenses                 $ 3,900 $ 2,900 $ 1,300
[1] Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services expenses; general and administrative and interest expense (net of interest income). All interest expense, net of interest and other investment income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods.
[2] Net operating income represents total revenues less total operating and interest expenses (as defined in Note "a"), plus equity in earnings (loss) of unconsolidated joint ventures, for the period.
[3] Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and goodwill. The Company recorded an impairment charge of $197.9 million on assets included in the commercial and other real estate business segment for the year ended December 31, 2015. See Note 3: Recent Transactions - Impairments on Properties Held and Used
[4] Amounts for the year ended December 31, 2015 relate to impairment charges as further described in Note 3: Recent Transactions - Impairments on Properties Held and Used.
[5] Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense, non-property general and administrative expense, construction services revenue and direct construction costs) as well as intercompany eliminations necessary to reconcile to consolidated Company totals.
[6] Includes $6.6 million of fees and salary reimbursements earned for this period from the multi-family real estate segment, which are eliminated in consolidation.
[7] Includes $2.3 million of fees and salary reimbursements earned for this period from the multi-family real estate segment, which are eliminated in consolidation.
[8] Includes $2.2 million of fees and salary reimbursements earned for this period from the multi-family real estate segment, which are eliminated in consolidation.
[9] Includes $3.9 million of management fees and salary reimbursement expenses for this period for the multi-family real estate segment, which are eliminated in consolidation.
[10] Includes $2.9 million of management fees and salary reimbursement expenses for this period for the multi-family real estate segment, which are eliminated in consolidation.
[11] Includes $1.3 million of management fees and salary reimbursement expenses for this period for the multi-family real estate segment, which are eliminated in consolidation.