|
Investments In Unconsolidated Joint Ventures (Tables)
|
9 Months Ended |
|
Sep. 30, 2013
|
| Investments In Unconsolidated Joint Ventures [Abstract] |
|
| Summary Of Financial Position Of Unconsolidated Joint Ventures |
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
|
|
|
December 31,
|
|
|
|
|
2013
|
|
|
2012
|
|
Assets:
|
|
|
|
|
|
|
|
Rental property, net
|
|
$
|
736,487
|
|
$
|
180,254
|
|
Loan receivable
|
|
|
44,459
|
|
|
42,276
|
|
Other assets
|
|
|
434,714
|
|
|
311,847
|
|
Total assets
|
|
$
|
1,215,660
|
|
$
|
534,377
|
|
Liabilities and partners'/
|
|
|
|
|
|
|
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members' capital:
|
|
|
|
|
|
|
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Mortgages and loans payable
|
|
$
|
600,473
|
|
$
|
168,908
|
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Other liabilities
|
|
|
71,552
|
|
|
12,141
|
|
Partners'/members' capital
|
|
|
543,635
|
|
|
353,328
|
|
Total liabilities and
|
|
|
|
|
|
|
|
partners'/members' capital
|
|
$
|
1,215,660
|
|
$
|
534,377
|
|
| Summary Of Company's Investment In Unconsolidated Joint Ventures |
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September 30,
|
|
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December 31,
|
|
Entity
|
|
2013
|
|
|
2012
|
|
Plaza VIII & IX Associates, L.L.C.
|
$
|
4,065
|
|
$
|
4,321
|
|
South Pier at Harborside
|
|
(2,095)
|
|
|
(1,225)
|
|
Red Bank Corporate Plaza, L.L.C.
|
|
3,972
|
|
|
3,876
|
|
12 Vreeland Associates, L.L.C.
|
|
5,439
|
|
|
12,840
|
|
Boston Downtown Crossing
|
|
-
|
|
|
13,012
|
|
Gale Jefferson, L.L.C.
|
|
-
|
|
|
1,029
|
|
Stamford SM LLC
|
|
35,667
|
|
|
34,006
|
|
Marbella RoseGarden, L.L.C.
|
|
15,976
|
|
|
16,918
|
|
RoseGarden Monaco Holdings, L.L.C.
|
|
3,524
|
|
|
4,761
|
|
Rosewood Lafayette Holdings, L.L.C.
|
|
1,119
|
|
|
1,988
|
|
PruRose Port Imperial South 15, LLC
|
|
-
|
|
|
606
|
|
Rosewood Morristown, L.L.C.
|
|
6,603
|
|
|
7,091
|
|
Overlook Ridge JV, L.L.C.
|
|
178
|
|
|
31
|
|
Overlook Ridge, L.L.C.
|
|
-
|
|
|
-
|
|
Overlook Ridge JV 2C/3B, L.L.C.
|
|
-
|
|
|
179
|
|
Roseland/North Retail, L.L.C.
|
|
1,967
|
|
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2,161
|
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BNES Associates III
|
|
1,708
|
|
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1,955
|
|
Portside Master Company, L.L.C.
|
|
3,449
|
|
|
3,651
|
|
PruRose Port Imperial South 13, LLC
|
|
2,451
|
|
|
2,920
|
|
Roseland/Port Imperial Partners, L.P.
|
|
2,755
|
|
|
2,582
|
|
RoseGarden Marbella South, L.L.C.
|
|
7,160
|
|
|
6,182
|
|
PruRose Riverwalk G, L.L.C.
|
|
3,515
|
|
|
4,136
|
|
Elmajo Urban Renewal Associates, LLC
|
|
232
|
|
|
629
|
|
Estuary Urban Renewal Unit B, LLC
|
|
74
|
|
|
220
|
|
RiverPark at Harrison I, L.L.C.
|
|
3,404
|
|
|
2,606
|
|
150 Main Street, L.L.C.
|
|
-
|
|
|
2,395
|
|
RoseGarden Monaco, L.L.C.
|
|
1,208
|
|
|
1,165
|
|
Hillsborough 206 Holdings, L.L.C.
|
|
1,989
|
|
|
1,967
|
|
Grand Jersey Waterfront Urban Renewal Associates, L.L.C.
|
|
397
|
|
|
337
|
|
Crystal House Apartments Investors LLC
|
|
26,928
|
|
|
-
|
|
Other
|
|
174
|
|
|
-
|
|
Company's investment in unconsolidated joint ventures
|
$
|
131,859
|
|
$
|
132,339
|
|
| Summary Of Results Of Operations Of Unconsolidated Joint Ventures |
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|
|
|
|
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|
|
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Three Months Ended
|
|
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Nine Months Ended
|
|
|
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September 30,
|
|
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September 30,
|
|
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
2012
|
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Total revenues
|
$
|
99,117
|
|
$
|
17,311
|
|
$
|
202,810
|
|
$
|
44,369
|
|
Operating and other expenses
|
|
(48,621)
|
|
|
(9,169)
|
|
|
(137,889)
|
|
|
(25,428)
|
|
Depreciation and amortization
|
|
(11,556)
|
|
|
(2,497)
|
|
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(24,730)
|
|
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(7,285)
|
|
Interest expense
|
|
(3,934)
|
|
|
(1,675)
|
|
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(9,256)
|
|
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(5,017)
|
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Net income
|
$
|
35,006
|
|
$
|
3,970
|
|
$
|
30,935
|
|
$
|
6,639
|
|
| Summary Of Company's Equity In Earnings (Loss) Of Unconsolidated Joint Ventures |
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|
|
|
|
|
|
|
|
|
|
|
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Three Months Ended
|
|
|
Nine Months Ended
|
|
|
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September 30,
|
|
|
September 30,
|
|
Entity
|
|
2013
|
|
|
2012
|
|
|
2013
|
|
|
2012
|
|
Plaza VIII & IX Associates, L.L.C.
|
$
|
24
|
|
$
|
21
|
|
$
|
52
|
|
$
|
43
|
|
South Pier at Harborside
|
|
835
|
|
|
1,080
|
|
|
1,380
|
|
|
1,884
|
|
Red Bank Corporate Plaza, L.L.C.
|
|
99
|
|
|
94
|
|
|
306
|
|
|
298
|
|
12 Vreeland Associates, L.L.C.
|
|
(25)
|
|
|
279
|
|
|
(1)
|
|
|
603
|
|
Boston Downtown Crossing
|
|
-
|
|
|
(6)
|
|
|
646
|
|
|
(333)
|
|
Gale Jefferson, L.L.C.
|
|
-
|
|
|
23
|
|
|
68
|
|
|
63
|
|
Stamford SM LLC
|
|
1,023
|
|
|
927
|
|
|
2,805
|
|
|
2,193
|
|
Marbella RoseGarden, L.L.C.
|
|
(170)
|
|
|
-
|
|
|
(446)
|
|
|
-
|
|
RoseGarden Monaco Holdings, L.L.C.
|
|
(416)
|
|
|
-
|
|
|
(1,238)
|
|
|
-
|
|
Rosewood Lafayette Holdings, L.L.C.
|
|
(295)
|
|
|
-
|
|
|
(869)
|
|
|
-
|
|
PruRose Port Imperial South 15, LLC
|
|
-
|
|
|
-
|
|
|
(606)
|
|
|
-
|
|
Rosewood Morristown, L.L.C.
|
|
(152)
|
|
|
-
|
|
|
(393)
|
|
|
-
|
|
Overlook Ridge JV, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Overlook Ridge, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Overlook Ridge JV 2C/3B, L.L.C.
|
|
53
|
|
|
-
|
|
|
204
|
|
|
-
|
|
Roseland/North Retail, L.L.C.
|
|
(62)
|
|
|
-
|
|
|
(194)
|
|
|
-
|
|
BNES Associates III
|
|
(37)
|
|
|
-
|
|
|
(108)
|
|
|
-
|
|
Portside Master Company, L.L.C.
|
|
(109)
|
|
|
-
|
|
|
(222)
|
|
|
-
|
|
PruRose Port Imperial South 13, LLC
|
|
(181)
|
|
|
-
|
|
|
(459)
|
|
|
-
|
|
Roseland/Port Imperial Partners, L.P.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
RoseGarden Marbella South, L.L.C.
|
|
(20)
|
|
|
-
|
|
|
(57)
|
|
|
-
|
|
PruRose Riverwalk G, L.L.C.
|
|
(198)
|
|
|
-
|
|
|
(576)
|
|
|
-
|
|
Elmajo Urban Renewal Associates, LLC
|
|
(87)
|
|
|
-
|
|
|
(255)
|
|
|
-
|
|
Estuary Urban Renewal Unit B, LLC
|
|
(44)
|
|
|
-
|
|
|
(107)
|
|
|
-
|
|
RiverPark at Harrison I, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
150 Main Street, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
RoseGarden Monaco, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Hillsborough 206 Holdings, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Grand Jersey Waterfront Urban Renewal Associates, L.L.C.
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Crystal House Apartments Investors LLC
|
|
(1,149)
|
|
|
-
|
|
|
(2,671)
|
|
|
-
|
|
Other
|
|
682
|
|
|
|
|
|
682
|
|
|
|
|
Company's equity in earnings of unconsolidated joint ventures
|
$
|
(229)
|
|
$
|
2,418
|
|
$
|
(2,059)
|
|
$
|
4,751
|
|