Annual report pursuant to Section 13 and 15(d)

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

v3.6.0.2
Segment Reporting (Schedule Of Selected Results Of Operations And Asset Information) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Segment Reporting Information [Line Items]                        
Total revenues $ 153,731 $ 157,517 $ 149,227 $ 152,923 $ 146,443 $ 146,158 $ 148,567 $ 153,715 $ 613,398 $ 594,883 $ 636,799  
Total operating and interest expenses [1]                 415,351 425,151 484,761  
Equity in earnings (loss) of unconsolidated joint ventures (834) $ 21,790 $ (614) $ (1,554) (449) 3,135 $ (2,329) $ (3,529) 18,788 (3,172) (2,423)  
Net operating income (loss) [2]                 216,835 166,560 149,615  
Total assets 4,296,766       4,053,963       4,296,766 4,053,963    
Total long-lived assets [3] 3,616,534       3,466,427       3,616,534 3,466,427    
Total investments in unconsolidated joint ventures 320,047       303,457       320,047 303,457    
Impairment charge         33,743 [4] $ 164,176 [4]       197,919   $ 25,200
Corporate & Other [Member]                        
Segment Reporting Information [Line Items]                        
Total revenues [5]                 (11,830) (4,339) (4,196)  
Total operating and interest expenses [1],[5]                 84,451 105,452 138,733  
Net operating income (loss) [2],[5]                 (96,281) (109,791) (142,929)  
Total assets [5] 47,769       41,535       47,769 41,535    
Total long-lived assets [3],[5] (5,933)       (1,531)       (5,933) (1,531)    
Real Estate - Commercial And Other [Member]                        
Segment Reporting Information [Line Items]                        
Total revenues                 551,958 538,323 585,491  
Total operating and interest expenses [1]                 268,137 264,967 295,416  
Equity in earnings (loss) of unconsolidated joint ventures                 23,796 5,104 4,236  
Net operating income (loss) [2]                 307,617 278,460 294,311  
Total assets 3,344,396       3,166,577       3,344,396 3,166,577    
Total long-lived assets [3] 2,999,820       2,886,583       2,999,820 2,886,583    
Total investments in unconsolidated joint ventures 81,549       76,140       81,549 76,140    
Impairment charge                   197,900    
Real Estate - Multi Family [Member]                        
Segment Reporting Information [Line Items]                        
Total revenues                 35,450 27,787 24,971  
Total operating and interest expenses [1]                 21,318 17,642 12,235  
Equity in earnings (loss) of unconsolidated joint ventures                 (6,002) (9,879) (8,790)  
Net operating income (loss) [2]                 8,130 266 3,946  
Total assets 887,394       836,020       887,394 836,020    
Total long-lived assets [3] 618,038       577,705       618,038 577,705    
Total investments in unconsolidated joint ventures 237,493       225,850       237,493 225,850    
Multi Family Services [Member]                        
Segment Reporting Information [Line Items]                        
Total revenues                 37,820 [6] 33,112 [7] 30,533 [8]  
Total operating and interest expenses [1]                 41,445 [9] 37,090 [10] 38,377 [11]  
Equity in earnings (loss) of unconsolidated joint ventures                 994 1,603 2,131  
Net operating income (loss) [2]                 (2,631) (2,375) (5,713)  
Total assets 17,207       9,831       17,207 9,831    
Total long-lived assets [3] 4,609       3,670       4,609 3,670    
Total investments in unconsolidated joint ventures $ 1,005       $ 1,467       1,005 1,467    
Fee revenue                 3,800 2,100 1,100  
Salary reimbursements earned                 13,800 6,300 4,000  
Management fee                 1,800 1,000 800  
Salary reimbursement expenses                 $ 6,500 $ 3,900 2,900  
Management fee and salary reimbursement expenses                     $ 1,000  
[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 $3.8 million and $13.8 million of fees and salary reimbursements earned for the year ended December 31, 2016, respectively, from the multi-family real estate segment, which are eliminated in consolidation.
[7] Includes $2.1 million and $6.3 million of fees and salary reimbursements earned for the year ended December 31, 2015, from the multi-family real estate segment, which are eliminated in consolidation.
[8] Includes $1.1 million and $4.0 million of fees and salary reimbursements earned for the year ended December 31, 2014, respectively, from the multi-family real estate segment, which are eliminated in consolidation.
[9] Includes $1.8 million and $6.5 million of management fees and salary reimbursement expenses for the year ended December 31, 2016, respectively, from the multi-family real estate segment, which are eliminated in consolidation.
[10] Includes $1.0 million and $3.9 million of management fees and salary reimbursement expenses for the year ended December 31, 2015, respectively, from the multi-family real estate segment, which are eliminated in consolidation.
[11] Includes $0.8 million and $2.9 million of management fees and salary reimbursement expenses for the year ended December 31, 2014, respectively, from the multi-family real estate segment, which are eliminated in consolidation.