Liberty Property Trust (LPT) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Entity Information [Line Items]
Entity Registrant Name	LIBERTY PROPERTY TRUST
Entity Central Index Key	921,112
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		147,787,823
Liberty Property Limited Partnership [Member]
Entity Information [Line Items]
Entity Registrant Name	LIBERTY PROPERTY LIMITED PARTNERSHIP
Entity Central Index Key	921,113

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Land and land improvements	$ 1,180,071	$ 1,138,337
Building and improvements	4,448,883	4,358,264
Less accumulated depreciation	(962,688)	(933,173)
Operating real estate	4,666,266	4,563,428
Development in progress	373,154	333,437
Land held for development	316,226	330,748
Net real estate	5,355,646	5,227,613
Cash and cash equivalents	30,380	11,882
Restricted cash	9,366	13,803
Accounts receivable	12,767	11,231
Deferred rent receivable	117,776	113,282
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2018, $168,754; December 31, 2017, $164,755)	151,530	152,471
Investments in and advances to unconsolidated joint ventures	350,458	288,456
Assets held for sale	238,199	330,186
Prepaid expenses and other assets	148,509	290,833
Total assets	6,414,631	6,439,757
LIABILITIES
Mortgage loans	264,906	267,093
Unsecured notes	2,284,197	2,283,513
Credit facility	257,175	358,939
Accounts payable	68,499	77,625
Accrued interest	34,855	21,796
Dividend and distributions payable	60,518	60,330
Other liabilities	186,807	205,055
Liabilities held for sale	1,849	9,503
Total liabilities	3,158,806	3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017	7,537	7,537
EQUITY
Common shares of beneficial interest, $.001 par value, 283,987,000 shares authorized; 147,773,141 and 147,450,691 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	148	147
Additional paid-in capital	3,683,660	3,674,978
Accumulated other comprehensive loss	(29,674)	(37,797)
Distributions in excess of net income	(468,883)	(549,970)
Total Liberty Property Trust shareholders' equity	3,185,251	3,087,358
Noncontrolling interest - operating partnership
Noncontrolling interest - operating partnerships	58,186	56,159
Noncontrolling interest - consolidated joint ventures	4,851	4,849
Total owners' equity	3,248,288	3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity	6,414,631	6,439,757
Liberty Property Limited Partnership [Member]
Real Estate [Abstract]
Land and land improvements	1,180,071	1,138,337
Building and improvements	4,448,883	4,358,264
Less accumulated depreciation	(962,688)	(933,173)
Operating real estate	4,666,266	4,563,428
Development in progress	373,154	333,437
Land held for development	316,226	330,748
Net real estate	5,355,646	5,227,613
Cash and cash equivalents	30,380	11,882
Restricted cash	9,366	13,803
Accounts receivable	12,767	11,231
Deferred rent receivable	117,776	113,282
Deferred financing and leasing costs, net of accumulated amortization (March 31, 2018, $168,754; December 31, 2017, $164,755)	151,530	152,471
Investments in and advances to unconsolidated joint ventures	350,458	288,456
Assets held for sale	238,199	330,186
Prepaid expenses and other assets	148,509	290,833
Total assets	6,414,631	6,439,757
LIABILITIES
Mortgage loans	264,906	267,093
Unsecured notes	2,284,197	2,283,513
Credit facility	257,175	358,939
Accounts payable	68,499	77,625
Accrued interest	34,855	21,796
Dividend and distributions payable	60,518	60,330
Other liabilities	186,807	205,055
Liabilities held for sale	1,849	9,503
Total liabilities	3,158,806	3,283,854
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017	7,537	7,537
EQUITY
General partner’s equity - 147,773,141 and 147,450,691 common units outstanding as of March 31, 2018 and December 31, 2017, respectively	3,185,251	3,087,358
Limited partners' equity	58,186	56,159
Noncontrolling interest - operating partnership
Noncontrolling interest - consolidated joint ventures	4,851	4,849
Total owners' equity	3,248,288	3,148,366
Total liabilities, noncontrolling interest - operating partnership and equity	$ 6,414,631	$ 6,439,757

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Deferred financing and leasing costs, accumulated amortization	$ 168,754	$ 164,755
Limited Partners' common units outstanding	3,520,205	3,520,205
Common shares of beneficial interest, par value per share	$ 0.001	$ 0.001
Common shares of beneficial interest, shares authorized	283,987,000	283,987,000
Common shares of beneficial interest, shares issued	147,773,141	147,450,691
Common shares of beneficial interest, shares outstanding	147,773,141	147,450,691
Liberty Property Limited Partnership [Member]
Deferred financing and leasing costs, accumulated amortization	$ 168,754	$ 164,755
Limited Partners' common units outstanding	3,520,205	3,520,205
Common shares of beneficial interest, shares outstanding	147,773,141	147,450,691
Series I 2 [Member]
Noncontrolling interest - operating partnership, preferred units outstanding	301,483	301,483
Series I 2 [Member] | Liberty Property Limited Partnership [Member]
Noncontrolling interest - operating partnership, preferred units outstanding	301,483	301,483

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING REVENUE
Rental	$ 125,203,000	$ 116,868,000
Operating expense reimbursement	38,610,000	37,413,000
Development service fee income	26,352,000	11,485,000
Total operating revenue	190,165,000	165,766,000
OPERATING EXPENSE
Rental property	15,931,000	17,535,000
Real estate taxes	23,498,000	21,906,000
General and administrative	18,628,000	16,993,000
Expensed pursuit costs	324,000	32,000
Systems implementation expense	706,000	0
Depreciation and amortization	43,686,000	43,092,000
Development service fee expense	28,067,000	11,004,000
Total operating expenses	130,840,000	110,562,000
Operating income	59,325,000	55,204,000
OTHER INCOME (EXPENSE)
Interest and other income	2,486,000	1,862,000
Interest expense	(22,750,000)	(21,634,000)
Total other income (expense)	(20,264,000)	(19,772,000)
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures	39,061,000	35,432,000
Gain on property dispositions	4,121,000	807,000
Income taxes	(554,000)	(622,000)
Equity in earnings of unconsolidated joint ventures	6,764,000	5,731,000
Income from continuing operations	49,392,000	41,348,000
Discontinued operations (including net gain on property dispositions of $90.0 million for the three months ended March 31, 2018)	94,333,000	2,896,000
Net income	143,725,000	44,244,000
Noncontrolling interest – operating partnership	(3,457,000)	(1,149,000)
Noncontrolling interest - consolidated joint ventures	(87,000)	(63,000)
Net income available to common shareholders	140,181,000	43,032,000
Comprehensive income attributable to common shareholders
Net income	143,725,000	44,244,000
Other comprehensive income - foreign currency translation	7,932,000	3,177,000
Other comprehensive income - derivative instruments	385,000	313,000
Other comprehensive income	8,317,000	3,490,000
Total comprehensive income	152,042,000	47,734,000
Less: comprehensive income attributable to noncontrolling interest	(3,738,000)	(1,293,000)
Comprehensive income attributable to common shareholders	$ 148,304,000	$ 46,441,000
Weighted average number of common shares outstanding
Basic	147,060	146,471
Diluted	147,873	147,221
Amounts attributable to common shareholders
Income from continuing operations net of noncontrolling interest	$ 48,043,000	$ 40,204,000
Income from discontinued operations net of noncontrolling interest	92,138,000	2,828,000
Net income available to common shareholders	140,181,000	43,032,000
Liberty Property Limited Partnership [Member]
OPERATING REVENUE
Rental	125,203,000	116,868,000
Operating expense reimbursement	38,610,000	37,413,000
Development service fee income	26,352,000	11,485,000
Total operating revenue	190,165,000	165,766,000
OPERATING EXPENSE
Rental property	15,931,000	17,535,000
Real estate taxes	23,498,000	21,906,000
General and administrative	18,628,000	16,993,000
Expensed pursuit costs	324,000	32,000
Systems implementation expense	706,000	0
Depreciation and amortization	43,686,000	43,092,000
Development service fee expense	28,067,000	11,004,000
Total operating expenses	130,840,000	110,562,000
Operating income	59,325,000	55,204,000
OTHER INCOME (EXPENSE)
Interest and other income	2,486,000	1,862,000
Interest expense	(22,750,000)	(21,634,000)
Total other income (expense)	(20,264,000)	(19,772,000)
Income before gain on property dispositions, income taxes and equity in earnings of unconsolidated joint ventures	39,061,000	35,432,000
Gain on property dispositions	4,121,000	807,000
Income taxes	(554,000)	(622,000)
Equity in earnings of unconsolidated joint ventures	6,764,000	5,731,000
Income from continuing operations	49,392,000	41,348,000
Discontinued operations (including net gain on property dispositions of $90.0 million for the three months ended March 31, 2018)	94,333,000	2,896,000
Net income	143,725,000	44,244,000
Noncontrolling interest - consolidated joint ventures	(87,000)	(63,000)
Preferred unit distributions	(118,000)	(118,000)
Net income available to common shareholders	143,520,000	44,063,000
Comprehensive income attributable to common shareholders
Net income	143,725,000	44,244,000
Other comprehensive income - foreign currency translation	7,932,000	3,177,000
Other comprehensive income - derivative instruments	385,000	313,000
Other comprehensive income	8,317,000	3,490,000
Total comprehensive income	$ 152,042,000	$ 47,734,000
Weighted average number of common shares outstanding
Basic	150,580	150,000
Diluted	151,393	150,750
Net income allocated to general partners	$ 140,181,000	$ 43,032,000
Net income allocated to limited partners	3,457,000	1,149,000
Amounts attributable to common shareholders
Income from continuing operations net of noncontrolling interest	49,305,000	41,285,000
Net income available to common shareholders	$ 143,520,000	$ 44,063,000
Common shares [Member]
Basic:
Income from continuing operations, per basic share	$ 0.33	$ 0.27
Income from discontinued operations, per basic share	0.62	0.02
Income per common share - basic	0.95	0.29
Diluted:
Income from continuing operations, per diluted share	0.33	0.27
Income from discontinued operations, per diluted share	0.62	0.02
Income per common share - diluted	0.95	0.29
Distributions per common share or unit	0.40	0.40
Common Units [Member] | Liberty Property Limited Partnership [Member]
Basic:
Income from continuing operations, per basic share	0.33	0.27
Income from discontinued operations, per basic share	0.62	0.02
Income per common share - basic	0.95	0.29
Diluted:
Income from continuing operations, per diluted share	0.33	0.27
Income from discontinued operations, per diluted share	0.62	0.02
Income per common share - diluted	0.95	0.29
Distributions per common share or unit	$ 0.40	$ 0.40

Consolidated Statements of Com5

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Gain on property dispositions in discontinued operations	$ (90,049)	$ 0
Liberty Property Limited Partnership [Member]
Gain on property dispositions in discontinued operations	$ (90,049)	$ 0

Consolidated Statement of Equit

Consolidated Statement of Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Accumulated Distributions in Excess of Net Income [Member]	Parent [Member]	Noncontrolling interest operating partnership Common [Member]	Noncontrolling interest-consolidated joint ventures [Member]	Liberty Property Limited Partnership [Member]	Liberty Property Limited Partnership [Member]General Partner [Member]	Liberty Property Limited Partnership [Member]Limited Partner [Member]	Liberty Property Limited Partnership [Member]Noncontrolling interest-consolidated joint ventures [Member]	Common shares [Member]	Common Units [Member]Liberty Property Limited Partnership [Member]General Partner [Member]	Common Units [Member]Liberty Property Limited Partnership [Member]Limited Partner [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income - foreign currency translation activity	$ 3,177								$ 3,177
Other comprehensive income - derivative instruments activity	$ 313								$ 313
Common shares outstanding - Beginning Balance (shares) at Dec. 31, 2017	147,450,691								147,450,691				147,450,691
Beginning Balance at Dec. 31, 2017	$ 3,148,366	$ 147	$ 3,674,978	$ (37,797)	$ (549,970)	$ 3,087,358	$ 56,159	$ 4,849	$ 3,148,366	$ 3,087,358	$ 56,159	$ 4,849
General Partner's units outstanding - Beginning Balance (units) at Dec. 31, 2017														147,450,691
Limited Partners' units outstanding - Beginning Balance (units) at Dec. 31, 2017	3,520,205								3,520,205						3,520,205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net proceeds from the issuance of common shares	$ 3,267	1	3,266			3,267
Net proceeds from issuance of common shares (shares)													322,450
Net income	143,607				140,181	140,181	3,339	87	$ 143,607	140,181	3,339	87
Contributions from partners									8,683	8,683
Contributions from partners (units)														322,450
Distributions	(60,685)				(59,094)	(59,094)	(1,506)	(85)
Distributions to partners									(60,685)	(59,094)	(1,506)	(85)
Share-based compensation	5,416		5,416			5,416
Other comprehensive income - foreign currency translation activity	7,932			7,747		7,747	185		7,932	7,747	185
Other comprehensive income - derivative instruments activity	$ 385			376		376	9		$ 385	376	9
Common shares outstanding - Ending Balance (shares) at Mar. 31, 2018	147,773,141								147,773,141				147,773,141
General Partner's units outstanding - Ending Balance (units) at Mar. 31, 2018														147,773,141
Limited Partners' units outstanding - Ending Balance (units) at Mar. 31, 2018	3,520,205								3,520,205						3,520,205
Ending Balance at Mar. 31, 2018	$ 3,248,288	$ 148	$ 3,683,660	$ (29,674)	$ (468,883)	$ 3,185,251	$ 58,186	$ 4,851	$ 3,248,288	$ 3,185,251	$ 58,186	$ 4,851
Noncontrolling Interest - Operating Partnership (Mezzanine) - Beginning Balance at Dec. 31, 2017	7,537								7,537
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (Mezzanine)	118								118
Distributions (Mezzanine)	(118)								(118)
Noncontrolling Interest - Operating Partnership (Mezzanine) - Ending Balance at Mar. 31, 2018	$ 7,537								$ 7,537

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
OPERATING ACTIVITIES
Net income	$ 143,725	$ 44,244
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	45,144	45,992
Amortization of deferred financing costs	967	937
Expensed pursuit costs	324	32
Equity in earnings of unconsolidated joint ventures	(6,764)	(5,731)
Gain on property dispositions	(94,170)	(807)
Share-based compensation/Non-cash compensation	9,633	7,971
Other	2,206	(844)
Changes in operating assets and liabilities:
Accounts receivable	(706)	36
Deferred rent receivable	(4,944)	(5,566)
Prepaid expenses and other assets	20,312	6,824
Accounts payable	(9,003)	(7,136)
Accrued interest	13,059	12,972
Other liabilities	(26,084)	(14,444)
Net cash provided by operating activities	93,699	84,480
INVESTING ACTIVITIES
Investment in properties - acquisitions	(95,027)	0
Investment in properties - other	(3,603)	(12,422)
Investments in and advances to unconsolidated joint ventures	(66,420)	(13,278)
Distributions from unconsolidated joint ventures	11,521	9,427
Net proceeds from disposition of properties/land	184,233	1,874
Investment in development in progress	(51,932)	(64,661)
Investment in land held for development	(18,234)	(53,660)
Payment of deferred leasing costs	(2,183)	(7,544)
Release of escrows and other	126,745	9,016
Net cash provided by (used in) investing activities	85,100	(131,248)
FINANCING ACTIVITIES
Net proceeds from issuance of common shares	3,267	852
Share repurchase including shares related to tax withholdings	(4,402)	(4,624)
Repayments of mortgage loans	(1,714)	(1,930)
Proceeds from credit facility	312,993	159,000
Repayments on credit facility	(414,757)	(44,000)
Distribution paid on common shares	(58,980)	(69,823)
Distributions to partners/noncontrolling interests	(1,651)	(1,987)
Net cash (used in) provided by financing activities	(165,244)	37,488
Net increase (decrease) in cash, cash equivalents and restricted cash	13,555	(9,280)
Increase in cash, cash equivalents and restricted cash related to foreign currency translation	506	470
Cash, cash equivalents and restricted cash at beginning of period	25,685	56,025
Cash, cash equivalents and restricted cash at end of period	39,746	47,215
Liberty Property Limited Partnership [Member]
OPERATING ACTIVITIES
Net income	143,725	44,244
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	45,144	45,992
Amortization of deferred financing costs	967	937
Expensed pursuit costs	324	32
Equity in earnings of unconsolidated joint ventures	(6,764)	(5,731)
Gain on property dispositions	(94,170)	(807)
Share-based compensation/Non-cash compensation	9,633	7,971
Other	2,206	(844)
Changes in operating assets and liabilities:
Accounts receivable	(706)	36
Deferred rent receivable	(4,944)	(5,566)
Prepaid expenses and other assets	20,312	6,824
Accounts payable	(9,003)	(7,136)
Accrued interest	13,059	12,972
Other liabilities	(26,084)	(14,444)
Net cash provided by operating activities	93,699	84,480
INVESTING ACTIVITIES
Investment in properties - acquisitions	(95,027)	0
Investment in properties - other	(3,603)	(12,422)
Investments in and advances to unconsolidated joint ventures	(66,420)	(13,278)
Distributions from unconsolidated joint ventures	11,521	9,427
Net proceeds from disposition of properties/land	184,233	1,874
Investment in development in progress	(51,932)	(64,661)
Investment in land held for development	(18,234)	(53,660)
Payment of deferred leasing costs	(2,183)	(7,544)
Release of escrows and other	126,745	9,016
Net cash provided by (used in) investing activities	85,100	(131,248)
FINANCING ACTIVITIES
Repayments of mortgage loans	(1,714)	(1,930)
Proceeds from credit facility	312,993	159,000
Repayments on credit facility	(414,757)	(44,000)
Capital contributions	3,267	852
Distributions to partners/noncontrolling interests	(65,033)	(76,434)
Net cash (used in) provided by financing activities	(165,244)	37,488
Net increase (decrease) in cash, cash equivalents and restricted cash	13,555	(9,280)
Increase in cash, cash equivalents and restricted cash related to foreign currency translation	506	470
Cash, cash equivalents and restricted cash at beginning of period	25,685	56,025
Cash, cash equivalents and restricted cash at end of period	$ 39,746	$ 47,215

Organization and Basis of Prese

Organization and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Organization and Basis of Presentation Organization Liberty Property Trust (the “Trust”) is a self-administered and self-managed Maryland real estate investment trust (a “REIT”). Substantially all of the Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership, a Pennsylvania limited partnership (the “Operating Partnership” and, together with the Trust and their consolidated subsidiaries, the “Company”). The Trust is the sole general partner and also a limited partner of the Operating Partnership, owning 97.7% of the common equity of the Operating Partnership at March 31, 2018 . The Company owns and operates industrial properties nationally and owns and operates office properties in a focused group of office markets. Additionally, the Company owns certain assets in the United Kingdom. Unless otherwise indicated, the notes to the Consolidated Financial Statements apply to both the Trust and the Operating Partnership. The terms the “Company,” “we,” “our” and “us” mean the Trust and Operating Partnership collectively. The Operating Partnership is a variable interest entity (“VIE”) of the Trust as the limited partners do not have substantive kick-out or participating rights. The Trust is the primary beneficiary of the Operating Partnership as it has the power to direct the activities of the Operating Partnership and the rights to absorb 97.7% of the net income of the Operating Partnership. The Trust has no significant assets or liabilities other than its investment in the Operating Partnership. As the Operating Partnership is already consolidated in the balance sheets of the Trust, the identification of this entity as a VIE has no impact on the consolidated financial statements of the Trust. In addition, the Company holds a 20% interest in Liberty/Comcast 1701 JFK Boulevard, LP which was determined to be a VIE. The Company determined that it is not the primary beneficiary as the Company and its third party partner share control of the joint venture. The Company's maximum exposure to loss is equal to its equity investment in the joint venture which was $77.1 million and $17.3 million as of March 31, 2018 and December 31, 2017, respectively. See Note 12 for further discussion of Liberty/Comcast 1701 JFK Boulevard, LP. Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements and should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10-K of the Company for the year ended December 31, 2017 . In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary for a fair presentation of the financial statements for these interim periods have been included. The results of interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance (except revenue in the scope of other accounting standards, including standards related to leasing). Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ; ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ; ASU 2017-05 , Gains and losses from the derecognition of nonfinancial assets (Topic 610-20) , and ASU 2017-13, Revenue from Contracts with Customers (Topic 606): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments (collectively, the “New Revenue Standards”). The New Revenue Standards provide a unified model to determine how revenue is recognized. In accordance with the New Revenue Standards, the Company performs the following steps: (i) identify the contract with the customer, (ii) identify the performance obligations within the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations and (v) recognize revenue when (or as) a performance obligation is satisfied. The Company evaluated each of its revenue streams: lease agreement revenue, development service fee revenue, deferred land sale revenue and gain or loss on sale of nonfinancial assets and adopted the New Revenue Standards effective January 1, 2018 using the modified retrospective approach. The Company concluded that there are no revenue streams from its lease agreements that are covered by the New Revenue Standards with the possible exception of non-lease components as further discussed below. The New Revenue Standards did not have an impact on the amount and timing of recognizing the Company's development service fee income. The Company recognizes development service fee income on a variable basis as a percentage of costs incurred on third party development contracts. Property development services, which are a single performance obligation, continue to be satisfied and recognized over time. The Company measures its progress toward completing the performance obligation under each arrangement. The measurement of the transfer of value to the customer for these services utilizes the input method (actual costs incurred against anticipated project costs) since this method best depicts the actual transfer of value promised to the customer. The total amount of consideration to be received from these projects is assessed on a quarterly basis. Based on existing contracts, completion is anticipated by the end of 2018. The Company recognizes revenues from improving land sites and selling the underlying land on behalf of its development partner to home builders in the United Kingdom. These agreements contain a pre-emption clause and a seller's call option. The Company recognizes revenue as the pre-emption period or seller's call option lapses utilizing the output method. There was no revenue recognized for such contracts during the three months ended March 31, 2018 or March 31, 2017. The New Revenue Standards did not have an impact on the gain or loss of sale of nonfinancial assets. The New Revenue Standards require the Company to derecognize nonfinancial assets once it transfers control of a distinct nonfinancial asset or distinct in-substance nonfinancial asset. Additionally, when the Company transfers its controlling interest in a nonfinancial asset, but retains a noncontrolling ownership interest, the Company is required to measure any noncontrolling interest it receives or retains at fair value. The guidance requires companies to recognize a full gain or loss on the transaction. See Notes 5 and 7 for further discussion of sales of nonfinancial assets during the three months ended March 31, 2018. Estimated gross revenue related to the remaining performance obligations under existing contracts (before allocation of related costs and expenses) as of March 31, 2018 that will be recognized as revenue in future periods was approximately $85.9 million , which is expected to be recognized substantially in 2018 and the remainder through 2020 . The Company adopted the practical expedient to assess the recognition of revenue for open contracts during the transition period. There was no adjustment to the opening balance of retained earnings recorded at January 1, 2018. Development Fee Contracts From time to time, the Company enters into contracts to develop properties on a fee basis for joint ventures in which the Company holds an interest or for unrelated third parties. In these cases the Company typically agrees to be responsible for all aspects of the development of the project (and, in certain instances, related infrastructure) and to guarantee the timely lien-free completion of construction of the project and the payment, subject to certain exceptions, of cost overruns incurred in the development of the project. If the Company encounters construction delays or unexpected costs in the development of these projects or is otherwise unable to recover the costs it incurs, the resulting unrecovered costs and potential payments to customers could generate losses that would adversely affect the Company's cash flow and net income. On a quarterly basis, the Company applies reasonable estimates and judgments to assess whether or not it is necessary to accrue any estimated future losses with respect to such contracts. The Company recognized an aggregate net loss of $1.7 million on these contracts during the three months ended March 31, 2018 and an aggregate net profit of $481,000 during the three months ended March 31, 2017. Should external or internal circumstances change requiring the Company to adjust the estimated future cash flows from these development contracts or in a manner that indicates that such development contracts may result in a loss, the Company could be required to record additional losses in the future. See Note 12 where certain fee development matters relating specifically to the Comcast Technology Center are discussed in further detail. Systems Implementation Expense The Company is incurring costs associated with its efforts to implement new financial and operating systems in certain cloud computing arrangements. The Company evaluated the arrangements in accordance with ASU 2015-05, “ Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” and concluded that such arrangements are service contracts under the standard. Accordingly, the Company expenses substantially all costs as incurred. Certain costs that relate to the software service agreements received over time are set up as prepaid and expensed over the applicable service period. These costs include license costs incurred during the implementation period as well as consulting, personnel and other direct costs related to the implementation. The Company incurred $706,000 of systems implementation expense for the three months ended March 31, 2018. There were no such costs for the three months ended March 31, 2017. Expensed Pursuit Costs The Company capitalizes pre-development and pre-acquisition costs incurred in pursuit of new development, land or operating property opportunities for which the Company currently believes future development or asset acquisition is probable. Future development and the consummation of acquisitions is dependent upon various factors, including, as appropriate, due diligence, zoning and regulatory approval, rental market conditions and construction costs. Initial pre-development and pre-acquisition costs incurred on future development, land or operating property acquisitions that is not considered probable are expensed as incurred. In addition, if the status of a future development, land or operating property acquisitions by the Company is no longer probable, any capitalized pre-development or pre-acquisition costs are written off. The Company expensed costs related to pursuit costs of $324,000 and $32,000 for the three months ended March 31, 2018 and March 31, 2017, respectively. In the third quarter of 2017, the Company began to separately classify expensed pursuit costs in the Consolidated Statements of Comprehensive Income. These costs, which were reclassified retrospectively for all periods, were formerly classified as general and administrative expense. Recently Issued Accounting Standards In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 is effective for the Company beginning January 1, 2019. Early adoption of ASU 2016-02 is permitted. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Revenue related to the lease component of the contract will be recognized on a straight-line basis, while revenue related to the non-lease component will be recognized under the provisions of the New Revenue Standards. For lease agreements longer than one year in which the Company is the lessee, the Company will measure the present value of the future lease payments and recognize a right-of-use asset and corresponding lease liability on its balance sheet. In addition, the new standard states that only direct leasing costs may be capitalized. The Company has assembled a project team that is working to analyze and evaluate the impact of the guidance on its consolidated financial statements. The team is monitoring activity with respect to possible amendments to ASU 2016-02, particularly the amendment that provides a practical expedient to lessors by removing the requirement to separate lease and non-lease components. The Company expects to adopt the new lease standard on January 1, 2019. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is designed to clarify how entities should classify cash receipts and cash payments in the statement of cash flows. ASU 2016-15 became effective for the Company beginning January 1, 2018. The standard requires retrospective application. The adoption of the ASU 2016-15 did not have a material impact on the Company's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash (“ASU 2016-18”) , which requires that restricted cash and cash equivalents be included with cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the consolidated statements of cash flows. The new standard is effective for public entities for fiscal years beginning after December 15, 2017 and for interim periods therein. The Company adopted ASU 2016-18 as of December 31, 2017. The impact of the implementation of ASU 2016-18 was as follows: Three months ended March 31, 2017 Net cash provided by operating activities (prior to adoption of ASU 2016-18) $ 86,382 Impact of including restricted cash with cash and cash equivalents (1,902 ) Net cash provided by operating activities (after adoption of ASU 2016-18) $ 84,480 In February 2017, the FASB issued ASU 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 is designed to provide guidance on how to recognize gain and losses on sales, including partial sale, of nonfinancial assets to noncustomers. The Company adopted ASU 2017-05 effective January 1, 2018 on a modified retrospective method and the adoption did not have an effect on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting (“ASU 2017-09”). ASU 2017-09 clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. ASU 2017-09 became effective for the Company beginning January 1, 2018. The new guidance will be applied prospectively to awards modified on or after the adoption date. The adoption of the ASU 2017-09 did not have a material impact on the Company's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”). ASU 2017-12 is designed to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for the Company beginning January 1, 2019. Early adoption is permitted using a modified retrospective transition method. This adoption method will require the Company to recognize the cumulative effect of initially applying ASU 2017-12 as an adjustment to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year that an entity adopts the update. The Company is evaluating the impact ASU 2017-12 will have on the Company's financial position and results of operations.

Income per Common Share of the

Income per Common Share of the Trust	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Income per Common Share of the Trust The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Shares (Denominator) Per Share Income (Numerator) Weighted Average Shares (Denominator) Per Share Income from continuing operations net of noncontrolling interest - basic $ 48,043 147,060 $ 0.33 $ 40,204 146,471 $ 0.27 Dilutive shares for long-term compensation plans — 813 — 750 Income from continuing operations net of noncontrolling interest - diluted $ 48,043 147,873 $ 0.33 $ 40,204 147,221 $ 0.27 Discontinued operations net of noncontrolling interest - basic $ 92,138 147,060 $ 0.62 $ 2,828 146,471 $ 0.02 Dilutive shares for long-term compensation plans — 813 — 750 Discontinued operations net of noncontrolling interest - diluted $ 92,138 147,873 $ 0.62 $ 2,828 147,221 $ 0.02 Net income available to common shareholders - basic $ 140,181 147,060 $ 0.95 $ 43,032 146,471 $ 0.29 Dilutive shares for long-term compensation plans — 813 — 750 Net income available to common shareholders - diluted $ 140,181 147,873 $ 0.95 $ 43,032 147,221 $ 0.29 Dilutive shares for long-term compensation plans represent the unvested common shares outstanding during the periods as well as the dilutive effect of outstanding options. There were no anti-dilutive options excluded from the computation of diluted income per common share for the three months ended March 31, 2018 as compared to 188,000 for the same period in 2017 . During the three months ended March 31, 2018 , 89,000 common shares were issued upon the exercise of options. During the year ended December 31, 2017 , 193,000 common shares were issued upon the exercise of options. Share Repurchase The Company’s Board of Trustees has authorized a share repurchase plan under which the Company may purchase up to $250 million of the Company’s outstanding common shares through September 28, 2019. Purchases made pursuant to the program may be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. There were no purchases under the plan during the three months ended March 31, 2018 .

Income per Common Unit of the O

Income per Common Unit of the Operating Partnership	3 Months Ended
	Mar. 31, 2018
Earnings Per Unit, Basic and Diluted [Line Items]
Earnings Per Share [Text Block]	Income per Common Share of the Trust The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Shares (Denominator) Per Share Income (Numerator) Weighted Average Shares (Denominator) Per Share Income from continuing operations net of noncontrolling interest - basic $ 48,043 147,060 $ 0.33 $ 40,204 146,471 $ 0.27 Dilutive shares for long-term compensation plans — 813 — 750 Income from continuing operations net of noncontrolling interest - diluted $ 48,043 147,873 $ 0.33 $ 40,204 147,221 $ 0.27 Discontinued operations net of noncontrolling interest - basic $ 92,138 147,060 $ 0.62 $ 2,828 146,471 $ 0.02 Dilutive shares for long-term compensation plans — 813 — 750 Discontinued operations net of noncontrolling interest - diluted $ 92,138 147,873 $ 0.62 $ 2,828 147,221 $ 0.02 Net income available to common shareholders - basic $ 140,181 147,060 $ 0.95 $ 43,032 146,471 $ 0.29 Dilutive shares for long-term compensation plans — 813 — 750 Net income available to common shareholders - diluted $ 140,181 147,873 $ 0.95 $ 43,032 147,221 $ 0.29 Dilutive shares for long-term compensation plans represent the unvested common shares outstanding during the periods as well as the dilutive effect of outstanding options. There were no anti-dilutive options excluded from the computation of diluted income per common share for the three months ended March 31, 2018 as compared to 188,000 for the same period in 2017 . During the three months ended March 31, 2018 , 89,000 common shares were issued upon the exercise of options. During the year ended December 31, 2017 , 193,000 common shares were issued upon the exercise of options. Share Repurchase The Company’s Board of Trustees has authorized a share repurchase plan under which the Company may purchase up to $250 million of the Company’s outstanding common shares through September 28, 2019. Purchases made pursuant to the program may be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. There were no purchases under the plan during the three months ended March 31, 2018 .
Liberty Property Limited Partnership [Member]
Earnings Per Unit, Basic and Diluted [Line Items]
Earnings Per Share [Text Block]	Income per Common Unit of the Operating Partnership The following table sets forth the computation of basic and diluted income per common unit of the Operating Partnership (in thousands, except per unit amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Units (Denominator) Per Unit Income (Numerator) Weighted Average Units (Denominator) Per Unit Income from continuing operations - net of noncontrolling interest - consolidated joint ventures $ 49,305 $ 41,285 Less: Preferred unit distributions (118 ) (118 ) Income from continuing operations available to common unitholders - basic $ 49,187 150,580 $ 0.33 $ 41,167 150,000 $ 0.27 Dilutive units for long-term compensation plans — 813 — 750 Income from continuing operations available to common unitholders - diluted $ 49,187 151,393 $ 0.33 $ 41,167 150,750 $ 0.27 Income from discontinued operations - basic $ 94,333 150,580 $ 0.62 $ 2,896 150,000 $ 0.02 Dilutive units for long-term compensation plans — 813 — 750 Income from discontinued operations - diluted $ 94,333 151,393 $ 0.62 $ 2,896 150,750 $ 0.02 Income available to common unitholders - basic $ 143,520 150,580 $ 0.95 $ 44,063 150,000 $ 0.29 Dilutive units for long-term compensation plans — 813 — 750 Income available to common unitholders - diluted $ 143,520 151,393 $ 0.95 $ 44,063 150,750 $ 0.29 Dilutive units for long-term compensation plans represent the unvested common units outstanding during the periods as well as the dilutive effect of outstanding options. There were no anti-dilutive options excluded from the computation of diluted income per common unit for the three months ended March 31, 2018 as compared to 188,000 for the same period in 2017 . During the three months ended March 31, 2018 , 89,000 common units, respectively, were issued upon exercise of options. During the year ended December 31, 2017 , 193,000 common units were issued upon the exercise of options. Unit Repurchase The Company’s Board of Trustees has authorized a share repurchase plan under which the Company may purchase up to $250 million of the Company’s outstanding common units through September 28, 2019. Purchases made pursuant to the program may be made in either the open market or in privately negotiated transactions from time to time as permitted by securities laws and other legal requirements. There were no purchases under the plan during the three months ended March 31, 2018 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss) Note [Text Block]	Accumulated Other Comprehensive Loss The following table sets forth the components of Accumulated Other Comprehensive Loss (in thousands): As of and for the three months ended March 31, 2018 2017 Foreign Currency Translation: Beginning balance $ (38,701 ) $ (56,767 ) Translation adjustment 7,932 3,177 Ending balance (30,769 ) (53,590 ) Derivative Instruments: Beginning balance 150 (455 ) Unrealized gain 369 127 Reclassification adjustment (1) 16 186 Ending balance 535 (142 ) Total accumulated other comprehensive loss (30,234 ) (53,732 ) Less: portion included in noncontrolling interest – operating partnership 560 1,110 Total accumulated other comprehensive loss included in shareholders' equity/owners' equity $ (29,674 ) $ (52,622 ) (1) Amounts reclassified out of Accumulated Other Comprehensive Loss/General & Limited Partner's Equity into contractual interest expense.

Real Estate

Real Estate	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Real Estate Information on the Operating Properties and land parcels the Company acquired during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Purchase Price (in thousands) United Kingdom — 7.1 — $ 4,240 Other: Southern California 1 0.8 400,169 92,700 1 7.9 400,169 $ 96,940 Information on the Operating Properties and land parcels the Company sold or conveyed during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Gross Proceeds (in thousands) Carolinas/Richmond 1 1.5 80,000 $ 7,094 Chicago/Minneapolis — 8.3 — 2,714 Southeastern PA 23 — 1,420,515 183,808 24 9.8 1,500,515 $ 193,616 7 : Impairment or Disposal of Long-Lived Assets In 2017, the Company initiated a strategic shift whereby it plans to divest of its remaining suburban office properties. The Company determined that the strategic shift would have a major effect on its operations and financial results. As such, properties sold or those that meet the criteria to be classified as held for sale within the new corporate strategy were classified within discontinued operations. Consistent with the held for sale criteria these properties are expected to be sold within one year. As the result of the classification within discontinued operations, the in-service assets and liabilities of this portfolio are required to be presented as held for sale for all prior periods presented in our Consolidated Balance Sheets. Operating results pertaining to these properties were reclassified to discontinued operations for all prior periods presented in our Consolidated Statements of Comprehensive Income. The following table illustrates the number of sold or held for sale properties included in, or excluded from, discontinued operations in this report: Held for Sale as of March 31, 2018 Sold during the three months ended March 31, 2018 Sold during the year ended December 31, 2017 Total Properties included in discontinued operations 5 23 2 30 Properties included in continuing operations 2 1 8 11 Properties sold or classified as held for sale 7 24 10 41 The five properties held for sale in discontinued operations as of March 31, 2018 were located in the Company's Arizona reportable segment. The 23 properties in discontinued operations that were sold during the three months ended March 31, 2018 were located in the Company's Southeastern PA reportable segment. A summary of the results of operations for the properties classified as discontinued operations through the respective disposition dates is as follows (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Revenues $ 8,179 $ 9,600 Operating expenses (1,972 ) (3,641 ) Depreciation and amortization (1,219 ) (2,368 ) Interest and other income 5 14 Interest expense (709 ) (709 ) Income from discontinued operations before gain on property dispositions 4,284 2,896 Gain on property dispositions 90,049 — Income from discontinued operations 94,333 2,896 Noncontrolling interest - operating partnership (2,195 ) (68 ) Income from discontinued operations available to common shareholders $ 92,138 $ 2,828 Interest expense has been allocated to discontinued operations. The allocation of interest expense to discontinued operations was based on the ratio of net assets sold and held for sale to the sum of total net assets plus consolidated debt. Capital expenditures on a cash basis for the three months ended March 31, 2018 and 2017 were $274,000 and $7.3 million , respectively, related to properties within discontinued operations. Assets Held for Sale As of March 31, 2018 , seven properties were classified as held for sale, of which five properties met the criteria to be classified within discontinued operations and two Operating Properties were classified within continuing operations. The following table illustrates aggregate balance sheet information for all held for sale properties (in thousands): March 31, 2018 December 31, 2017 Included in Continuing Operations Included in Discontinued Operations Total Included in Continuing Operations Included in Discontinued Operations Total Land and land improvements $ 3,199 $ 20,404 $ 23,603 $ 3,476 $ 41,191 $ 44,667 Buildings and improvements 80,738 141,416 222,154 80,738 248,514 329,252 Development in progress — — — — 45,035 45,035 Land held for development — — — 863 — 863 Accumulated depreciation (11,760 ) (15,318 ) (27,078 ) (11,785 ) (105,786 ) (117,571 ) Deferred financing and leasing costs, net 2,210 6,964 9,174 2,210 10,280 12,490 Other assets 5,265 5,081 10,346 5,137 10,313 15,450 Total assets held for sale $ 79,652 $ 158,547 $ 238,199 $ 80,639 $ 249,547 $ 330,186 Total liabilities held for sale $ 332 $ 1,517 $ 1,849 $ 1,153 $ 8,350 $ 9,503 Impairment Charges - Real Estate Assets The Company disposes of and anticipates the potential disposition of certain properties prior to the end of their remaining useful lives. There were no impairment charges recognized during the three months ended March 31, 2018 or March 31, 2017. The Company has applied reasonable estimates and judgments in evaluating each of its properties and land held for development and has determined that there were no valuation adjustments necessary at March 31, 2018 . Should external or internal circumstances change requiring the need to shorten the holding periods or adjust the estimated future cash flows of the Company’s assets, the Company could be required to record impairment charges in the future.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company owns and operates industrial properties nationally and owns and operates office properties in a focused group of office markets. Additionally, the Company owns certain assets in the United Kingdom. At March 31, 2018, the Company's reportable segments were based on the Company's method of internal reporting and were as follows: • Carolinas/Richmond; • Chicago/Minneapolis; • Florida; • Houston; • Lehigh/Central PA; • Philadelphia; • Southeastern PA; and • United Kingdom. Certain other segments are aggregated into an "Other" category which includes the reportable segments: Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; and Southern California. The Company evaluates the performance of its reportable segments based on segment net operating income (“SNOI”). SNOI is defined as net operating income (rental revenue and operating expense reimbursements less rental property and real estate tax expenses) less amortization of lease transaction costs and other operating expenses which relate directly to the management and operation of the assets within each reportable segment. The Company's accounting policies for the segments are the same as those used in the Company's consolidated financial statements. There are no material inter-segment transactions. The operating information by reportable segment is as follows (in thousands): Three Months Ended March 31, 2018 2017 Operating revenue Carolinas/Richmond $ 19,793 $ 18,056 Chicago/Minneapolis 16,517 15,875 Florida 15,408 14,248 Houston 15,862 14,774 Lehigh/Central PA 38,085 41,535 Philadelphia 12,345 11,436 Southeastern PA 10,182 14,615 United Kingdom 4,273 3,168 Other 39,623 30,372 Segment-level operating revenue 172,088 164,079 Reconciliation to total operating revenues Development service fee income 26,352 11,485 Discontinued operations (8,179 ) (9,600 ) Other (96 ) (198 ) Total operating revenue $ 190,165 $ 165,766 SNOI Carolinas/Richmond $ 14,047 $ 12,982 Chicago/Minneapolis 9,901 9,349 Florida 10,819 9,511 Houston 9,597 6,801 Lehigh/Central PA 27,767 29,578 Philadelphia 10,154 8,759 Southeastern PA 6,890 8,113 United Kingdom 2,429 1,858 Other 26,550 20,256 SNOI 118,154 107,207 Reconciliation to income from continuing operations Interest expense (1) (23,459 ) (22,343 ) Depreciation/amortization expense (1) (2) (33,408 ) (33,193 ) Gain on property dispositions 4,121 807 Equity in earnings of unconsolidated joint ventures 6,764 5,731 General and administrative expense (1) (2) (15,009 ) (12,222 ) Expensed pursuit costs (324 ) (32 ) Systems implementation expense (706 ) — Discontinued operations excluding gain on property dispositions (4,284 ) (2,896 ) Income taxes (2) (12 ) (280 ) Other (2,445 ) (1,431 ) Income from continuing operations $ 49,392 $ 41,348 (1) Includes activity on discontinued operations. (2) Excludes costs that are included in determining SNOI. The Company's total assets by reportable segment as of March 31, 2018 and December 31, 2017 is as follows (in thousands): March 31, 2018 December 31, 2017 Carolinas/Richmond $ 521,272 $ 543,922 Chicago/Minnesota 603,220 615,186 Florida 523,239 533,861 Houston 499,433 498,584 Lehigh/Central PA 1,203,574 1,210,746 Philadelphia 720,323 665,843 Southeastern PA 139,625 241,128 United Kingdom 239,605 251,824 Other 1,902,192 1,807,653 Segment-level total assets 6,352,483 6,368,747 Corporate Other 62,148 71,010 Total assets $ 6,414,631 $ 6,439,757

Impairment and Disposal of Long

Impairment and Disposal of Long-Lived Assets	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Real Estate Information on the Operating Properties and land parcels the Company acquired during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Purchase Price (in thousands) United Kingdom — 7.1 — $ 4,240 Other: Southern California 1 0.8 400,169 92,700 1 7.9 400,169 $ 96,940 Information on the Operating Properties and land parcels the Company sold or conveyed during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Gross Proceeds (in thousands) Carolinas/Richmond 1 1.5 80,000 $ 7,094 Chicago/Minneapolis — 8.3 — 2,714 Southeastern PA 23 — 1,420,515 183,808 24 9.8 1,500,515 $ 193,616 7 : Impairment or Disposal of Long-Lived Assets In 2017, the Company initiated a strategic shift whereby it plans to divest of its remaining suburban office properties. The Company determined that the strategic shift would have a major effect on its operations and financial results. As such, properties sold or those that meet the criteria to be classified as held for sale within the new corporate strategy were classified within discontinued operations. Consistent with the held for sale criteria these properties are expected to be sold within one year. As the result of the classification within discontinued operations, the in-service assets and liabilities of this portfolio are required to be presented as held for sale for all prior periods presented in our Consolidated Balance Sheets. Operating results pertaining to these properties were reclassified to discontinued operations for all prior periods presented in our Consolidated Statements of Comprehensive Income. The following table illustrates the number of sold or held for sale properties included in, or excluded from, discontinued operations in this report: Held for Sale as of March 31, 2018 Sold during the three months ended March 31, 2018 Sold during the year ended December 31, 2017 Total Properties included in discontinued operations 5 23 2 30 Properties included in continuing operations 2 1 8 11 Properties sold or classified as held for sale 7 24 10 41 The five properties held for sale in discontinued operations as of March 31, 2018 were located in the Company's Arizona reportable segment. The 23 properties in discontinued operations that were sold during the three months ended March 31, 2018 were located in the Company's Southeastern PA reportable segment. A summary of the results of operations for the properties classified as discontinued operations through the respective disposition dates is as follows (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Revenues $ 8,179 $ 9,600 Operating expenses (1,972 ) (3,641 ) Depreciation and amortization (1,219 ) (2,368 ) Interest and other income 5 14 Interest expense (709 ) (709 ) Income from discontinued operations before gain on property dispositions 4,284 2,896 Gain on property dispositions 90,049 — Income from discontinued operations 94,333 2,896 Noncontrolling interest - operating partnership (2,195 ) (68 ) Income from discontinued operations available to common shareholders $ 92,138 $ 2,828 Interest expense has been allocated to discontinued operations. The allocation of interest expense to discontinued operations was based on the ratio of net assets sold and held for sale to the sum of total net assets plus consolidated debt. Capital expenditures on a cash basis for the three months ended March 31, 2018 and 2017 were $274,000 and $7.3 million , respectively, related to properties within discontinued operations. Assets Held for Sale As of March 31, 2018 , seven properties were classified as held for sale, of which five properties met the criteria to be classified within discontinued operations and two Operating Properties were classified within continuing operations. The following table illustrates aggregate balance sheet information for all held for sale properties (in thousands): March 31, 2018 December 31, 2017 Included in Continuing Operations Included in Discontinued Operations Total Included in Continuing Operations Included in Discontinued Operations Total Land and land improvements $ 3,199 $ 20,404 $ 23,603 $ 3,476 $ 41,191 $ 44,667 Buildings and improvements 80,738 141,416 222,154 80,738 248,514 329,252 Development in progress — — — — 45,035 45,035 Land held for development — — — 863 — 863 Accumulated depreciation (11,760 ) (15,318 ) (27,078 ) (11,785 ) (105,786 ) (117,571 ) Deferred financing and leasing costs, net 2,210 6,964 9,174 2,210 10,280 12,490 Other assets 5,265 5,081 10,346 5,137 10,313 15,450 Total assets held for sale $ 79,652 $ 158,547 $ 238,199 $ 80,639 $ 249,547 $ 330,186 Total liabilities held for sale $ 332 $ 1,517 $ 1,849 $ 1,153 $ 8,350 $ 9,503 Impairment Charges - Real Estate Assets The Company disposes of and anticipates the potential disposition of certain properties prior to the end of their remaining useful lives. There were no impairment charges recognized during the three months ended March 31, 2018 or March 31, 2017. The Company has applied reasonable estimates and judgments in evaluating each of its properties and land held for development and has determined that there were no valuation adjustments necessary at March 31, 2018 . Should external or internal circumstances change requiring the need to shorten the holding periods or adjust the estimated future cash flows of the Company’s assets, the Company could be required to record impairment charges in the future.

Noncontrolling Interests of the

Noncontrolling Interests of the Trust	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests of the Trust Noncontrolling interests in the accompanying financial statements represent the interests of the common and preferred units in the Operating Partnership not held by the Trust. In addition, noncontrolling interests include third-party ownership interests in consolidated joint venture investments. Common units The common units of the Operating Partnership not held by the Trust outstanding as of March 31, 2018 have the same economic characteristics as common shares of the Trust. The 3.5 million outstanding common units of the Operating Partnership not held by the Trust share proportionately in the net income or loss and in any distributions of the Operating Partnership. The common units of the Operating Partnership not held by the Trust are redeemable at any time at the option of the holder. The Trust, as the sole general partner of the Operating Partnership, may at its option elect to settle the redemption in cash or through the exchange on a one-for-one basis with unregistered common shares of the Trust. The market value of the 3.5 million outstanding common units based on the closing price of the common shares of the Trust at March 31, 2018 was $ 139.9 million .

Limited Partners' Equity of the

Limited Partners' Equity of the Operating Partnership	3 Months Ended
	Mar. 31, 2018
Preferred Units [Line Items]
Noncontrolling Interest Disclosure [Text Block]	Noncontrolling Interests of the Trust Noncontrolling interests in the accompanying financial statements represent the interests of the common and preferred units in the Operating Partnership not held by the Trust. In addition, noncontrolling interests include third-party ownership interests in consolidated joint venture investments. Common units The common units of the Operating Partnership not held by the Trust outstanding as of March 31, 2018 have the same economic characteristics as common shares of the Trust. The 3.5 million outstanding common units of the Operating Partnership not held by the Trust share proportionately in the net income or loss and in any distributions of the Operating Partnership. The common units of the Operating Partnership not held by the Trust are redeemable at any time at the option of the holder. The Trust, as the sole general partner of the Operating Partnership, may at its option elect to settle the redemption in cash or through the exchange on a one-for-one basis with unregistered common shares of the Trust. The market value of the 3.5 million outstanding common units based on the closing price of the common shares of the Trust at March 31, 2018 was $ 139.9 million .
Liberty Property Limited Partnership [Member]
Preferred Units [Line Items]
Noncontrolling Interest Disclosure [Text Block]	Limited Partners' Equity and Noncontrolling Interest of the Operating Partnership Limited partners' equity in the accompanying financial statements represents the interests of the common and preferred units in the Operating Partnership not held by the Trust. The Operating Partnership's noncontrolling interest includes third-party ownership interests in consolidated joint venture investments. Common units The common units outstanding have the same economic characteristics as common shares of the Trust. The 3.5 million outstanding common units as of March 31, 2018 not held by the Trust are the limited partners' equity - common units held by persons and entities other than the Trust. The common units of the Operating Partnership not held by the Trust are redeemable at any time at the option of the holder. The Trust, as the sole general partner of the Operating Partnership, may at its option elect to settle the redemption in cash or through the exchange on a one-for-one basis with unregistered common shares of the Trust. The market value of the 3.5 million outstanding common units at March 31, 2018 based on the closing price of the common shares of the Trust at March 31, 2018 was $ 139.9 million .

Noncontrolling Interest - Opera

Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units	3 Months Ended
	Mar. 31, 2018
Temporary Equity [Line Items]
Stockholders' Equity Note Disclosure [Text Block]	Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units As of March 31, 2018 , the Company had outstanding the following cumulative preferred units of the Operating Partnership: ISSUE AMOUNT UNITS LIQUIDATION PREFERENCE DIVIDEND RATE (in 000’s) Series I-2 $ 7,537 301 $25 6.25 % The preferred units are putable at the holder's option at any time and are callable at the Operating Partnership's option after a stated period of time for cash.

Disclosure of Fair Value of Fin

Disclosure of Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2018
Debt Instrument, Fair Value Disclosure [Abstract]
Disclosure of Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820, Fair Value Measurements and Disclosures, provides guidance on the fair value measurement of a financial asset or liability. Inputs used to develop fair value are classified in one of three categories: Level 1 inputs (quoted prices (unadjusted) in active markets for identical assets or liabilities), Level 2 inputs (inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly) and Level 3 inputs (unobservable inputs for the asset or liability). The following disclosure of estimated fair value was determined by management using available market information and appropriate valuation methodologies. However, considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, the following estimates are not necessarily indicative of the amounts the Company could have realized on disposition of the financial instruments at March 31, 2018 and December 31, 2017 . The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued interest, dividend and distributions payable and other liabilities are reasonable estimates of fair value because of the short-term nature of these instruments. The carrying value of the outstanding amounts under the Company's credit facilities is a reasonable estimate of fair value because interest rates float at a rate based on LIBOR. The Company determines the fair value of its interest rate swaps by using the standard methodology of netting discounted future fixed cash payments with the discounted expected variable cash receipts. These variable cash receipts of interest rate swaps are based on expectations of future LIBOR interest rates (forward curves) estimated by observing market LIBOR interest rate curves. This is a Level 2 fair value calculation. Also, credit valuation adjustments are factored into the fair value calculations to account for potential nonperformance risk. These credit valuation adjustments were concluded to be not significant inputs for the fair value calculations for the periods presented. See Note 13 - Derivative Instruments. The Company used a discounted cash flow model to determine the estimated fair value of its debt as of March 31, 2018 and December 31, 2017 . This is a Level 3 fair value calculation. The inputs used in preparing the discounted cash flow model include actual maturity dates and scheduled cash flows as well as estimates for market value discount rates. The Company updates the discounted cash flow model on a quarterly basis to reflect any changes in the Company's debt holdings and changes to discount rate assumptions. The following summarizes the fair value of the Company's mortgage loans and unsecured notes as of December 31, 2017 and March 31, 2018 (in thousands): Mortgage Loans Unsecured Notes Carrying Value Fair Value Carrying Value Fair Value As of December 31, 2017 $ 267,093 $ 267,298 $ 2,283,513 $ 2,359,998 As of March 31, 2018 $ 264,906 $ 264,076 $ 2,284,197 $ 2,296,375

Unconsolidated Joint Ventures

Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Unconsolidated Joint Ventures Liberty Property 18th & Arch LP and Liberty Property 18th & Arch Hotel, LP On June 30, 2014, the Company entered into two joint ventures for the purpose of developing and owning the Comcast Technology Center (the “Project”) located in Philadelphia, Pennsylvania as part of a mixed-use development. The 60 -story building will include 1.3 million square feet of leasable office space (the “Office”) and a 217 -room Four Seasons Hotel (the “Hotel”) (collectively, “Liberty Property 18th and Arch”). Project costs for the development of the Project, exclusive of tenant-funded interior improvements, are anticipated to be approximately $955.3 million . The Company's investment in the Project is expected to be approximately $191.1 million with 20% ownership interests in both joint ventures. As of March 31, 2018, the Company's investment in these joint ventures was $179.2 million and is reflected in investments in and advances to unconsolidated joint ventures in the Company's consolidated balance sheet. These joint ventures are part of the Company's Philadelphia reportable segment. During the three months ended March 31, 2018, the joint ventures for Liberty Property 18th & Arch brought into service 250,000 square feet of office space representing a Total Investment of $138.3 million . The 217 -room Four Seasons hotel representing an aggregate Total Investment of $217.4 million continued to be developed by one of the joint ventures as of March 31, 2018. The two joint ventures have engaged the Company as the developer of the Project pursuant to a Development Agreement by which the Company agrees, in consideration for a development fee, to be responsible for all aspects of the development of the Project and to guarantee the timely lien-free completion of construction of the Project as well as the payment, subject to certain exceptions, of any cost overruns incurred in the development of the Project. To mitigate its risk, the Company entered into guaranteed maximum price contracts with a third-party contractor (the “GMP Contracts”) to construct the Project. The Company is accounting for the project under the New Revenue Standards on a variable basis as a percentage of costs incurred, formerly referred to as the percentage of completion method. The Company believes it has applied reasonable estimates and judgments in determining the amount of estimated development costs for the Project. The Company has been notified by its third-party contractor, however, that the contractor has incurred cost overruns and expects to incur additional construction costs in connection with completing the Project. Recently, the contractor advised the Company that it currently believes that these costs could total as much as $67 million in excess of the guaranteed maximum price payable to the contractor under the GMP Contracts (as that guaranteed maximum price has been adjusted pursuant to change orders accepted to date). The Company intends to vigorously pursue all remedies to enforce the third-party contractor’s obligations under the GMP Contracts and to seek to recover any amounts expended by the Company or the joint ventures in excess of their contractual obligations. Until such time as the Company receives from the third-party contractor further information concerning the amount and nature of the excess costs that the contractor recently quantified and has an opportunity to investigate them, it is not possible to estimate the amount of any possible additional expenses that the Company may incur in connection with its development cost guarantee to the joint ventures. If the Company were to incur additional expenses in connection with its development cost guarantee, such amounts could be material to its results of operations in future periods. Liberty/Comcast 1701 JFK Boulevard, LP During the three months ended March 31, 2018, Liberty/Comcast 1701 JFK Boulevard LP (a joint venture in which the Company holds a 20% interest) paid in full the $305.2 million mortgage loan. The payment was funded through loans from the joint venture partners in proportion to their ownership interests. The Company's portion of the loan to the joint venture is included in investments in, and advances to, unconsolidated joint ventures in the Company's consolidated balance sheets. Cambridge Medipark Ltd During the three months ended March 31, 2018 , Cambridge Medipark, Ltd (a joint venture in which the Company holds a 50% interest) recognized gains on the sale of land leasehold interests. The Company's share of these gains was $2.0 million for the three months ended March 31, 2018 compared to $3.0 million for the same period in 2017.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swaps [Text Block]	Derivative Instruments The Company borrows funds at a combination of fixed and variable rates. Borrowings under the Company's revolving credit facility and certain bank mortgage loans bear interest at variable rates. Our long-term debt typically bears interest at fixed rates. The Company's interest rate risk management objectives are to limit generally the impact of interest rate changes on earnings and cash flows and to lower the Company's overall borrowing costs. To achieve these objectives, from time to time, the Company enters into interest rate hedge contracts such as collars, swaps, caps and treasury lock agreements in order to mitigate our interest rate risk with respect to various debt instruments. The Company generally does not hold or issue these derivative contracts for trading or speculative purposes. Interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive loss (for the Trust) and general partner's equity and limited partners ’ equity - common units (for the Operating Partnership) and is subsequently reclassified into interest expense in the period that the hedged forecasted transaction affects earnings. The Company determines the fair value of its interest rate swaps by using the standard methodology of netting discounted future fixed cash payments with the discounted expected variable cash receipts. These variable cash receipts of interest rate swaps are based on expectations of future LIBOR interest rates (forward curves) estimated by observing market LIBOR interest rate curves. This is a Level 2 fair value calculation. Also, credit valuation adjustments are factored into the fair value calculations to account for potential nonperformance risk. These credit valuation adjustments were concluded to be not significant inputs for the fair value calculations for the periods presented. The Company holds an interest in three interest rate swap contracts (“Swaps”) that eliminate the impact of changes in interest rates on the payments required under variable rate mortgages. The Swaps had aggregate notional amounts of $95.5 million and $96.2 million at March 31, 2018 and December 31, 2017 , respectively, and expire at various dates between 2018 and 2020 . One interest rate swap contract and related mortgage loan were repaid in April 2018 on the maturity date. The Company accounts for the effective portion of changes in the fair value of a derivative in accumulated other comprehensive loss and subsequently reclassifies the effective portion to earnings over the term that the hedged transaction affects earnings. The Company accounts for the ineffective portion of changes in the fair value of a derivative directly in earnings. The following table presents the location in the financial statements of the gains or losses recognized related to the Company’s cash flow hedges for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Amount of gain related to the effective portion recognized in other comprehensive income (loss) $ 402 $ 138 Amount of loss related to the effective portion subsequently reclassified to interest expense $ (16 ) $ (186 ) Amount of (loss) gain related to the ineffective portion recognized in interest expense $ (27 ) $ 22 The fair value of the Swaps in the amounts of $1.4 million and $2.2 million as of March 31, 2018 and December 31, 2017 , respectively, is included in other liabilities in the accompanying consolidated balance sheets. The Company estimates that $0.3 million will be reclassified from accumulated other comprehensive loss as a decrease to interest expense over the next 12 months. The Company has agreements with its derivative counterparties that contain a provision whereby if the Company defaults on any of its indebtedness, including defaults where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. If the Company were to breach any of the contractual provisions of the derivative contracts, it would be required to settle its obligations under the agreements at their termination value including accrued interest, which totaled approximately $1.4 million as of March 31, 2018 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental Matters Substantially all of the Company's properties and land were subject to Phase I Environmental Assessments and when appropriate Phase II Environmental Assessments (collectively, the “Environmental Assessments”) obtained in contemplation of their acquisition by the Company or obtained by predecessor owners prior to the sale of the property or land to the Company. The Environmental Assessments did not reveal, nor is the Company aware of, any non-compliance with environmental laws, environmental liability or other environmental claim that the Company believes would likely have a material adverse effect on the Company. Operating Ground Lease Agreements Future minimum rental payments under the terms of all non-cancelable operating ground leases under which the Company is the lessee, as of March 31, 2018 , were as follows (in thousands): Year Amount 2018 (remaining) $ 1,431 2019 1,968 2020 1,963 2021 1,963 2022 1,917 2023 and thereafter 33,776 Total $ 43,018 Operating ground lease expense for the three months ended March 31, 2018 was $409,000 as compared to $311,000 for the same period in 2017 . Legal Matters From time to time, the Company is a party to a variety of legal proceedings, claims and assessments arising in the normal course of business. As of March 31, 2018 there were no legal proceedings, claims or assessments that the Company expects to have a material adverse effect on the Company’s business or financial statements. See Note 12 for discussion of Comcast Technology Center. Other As of March 31, 2018 , the Company had letter of credit obligations of $5.1 million . As of March 31, 2018 , the Company had 23 buildings under development. These buildings are expected to contain, when completed, a total of 6.9 million square feet of leasable space and represent an anticipated aggregate investment of $560.8 million . At March 31, 2018 , development in progress totaled $373.2 million . In addition, as of March 31, 2018 , the Company had invested $9.5 million in deferred leasing costs related to these development buildings. As of March 31, 2018 , the Company was committed to $12.4 million in improvements on certain buildings and land parcels. As of March 31, 2018 , the Company was committed to $68.0 million in future land acquisitions. The Company expects to complete these purchases during the years ended December 31, 2018 and 2019. As of March 31, 2018 , the Company was obligated to pay for tenant improvements not yet completed for a maximum of $19.1 million . The Company is currently developing three properties for its unconsolidated joint ventures which represent an anticipated aggregate investment by the joint ventures of $248.7 million . As of March 31, 2018 , the Company was also committed to approximately $179.3 million in costs related to its agreement to develop, on a fee basis, an office building and infrastructure improvements for American Water Works in Camden, New Jersey. As of March 31, 2018 , $125.9 million of these costs had been incurred. The Company maintains cash and cash equivalents at financial institutions. The combined account balances at each institution typically exceed FDIC insurance coverage and, as a result, there is a concentration of credit risk related to amounts on deposit in excess of FDIC insurance coverage. The Company believes the risk is not significant.

Supplemental Disclosure to Stat

Supplemental Disclosure to Statements of Cash Flows	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Supplemental Disclosure to Statements of Cash Flows	Supplemental Disclosure to Consolidated Statements of Cash Flows The following are supplemental disclosures to the consolidated statements of cash flows for the three months ended March 31, 2018 and 2017 (amounts in thousands): 2018 2017 Write-off of fully depreciated/amortized property and deferred costs - properties included in continuing operations $ 6,903 $ 8,090 Write-off of fully depreciated/amortized property and deferred costs - properties included in discontinued operations $ 6 $ 4,190 Write-off of depreciated property and deferred costs due to sale - properties included in continuing operations $ 3,045 $ 2,506 Write-off of depreciated property and deferred costs due to sale - properties included in discontinued operations $ 96,936 $ — Changes in accrued development capital expenditures - properties included in continuing operations $ (153 ) $ 5,048 Changes in accrued development capital expenditures - properties included in discontinued operations $ (1,889 ) $ 2,373 Unrealized gain on cash flow hedge $ 385 $ 313 Capitalized equity-based compensation $ 185 $ 604 Redemption of noncontrolling interests - common units $ — $ 27 Amounts paid in cash for deferred leasing costs incurred in connection with signed leases with tenants are paid in conjunction with improving (acquiring) property, plant and equipment. Such costs are not contained within net real estate. However, they are integral to the completion of a tenant lease and ultimately are related to the improvement and thus the value of the Company’s property, plant and equipment. They are therefore included in investing activities in the Company’s consolidated statements of cash flows. The following is a reconciliation of the Company's cash and cash equivalents and restricted cash at the beginning and end of the three months ended March 31, 2018 and 2017 (amounts in thousands): 2018 2017 Cash and cash equivalents at beginning of period $ 11,882 $ 43,642 Restricted cash at beginning of period 13,803 12,383 Cash and cash equivalents and restricted cash at beginning of period $ 25,685 $ 56,025 Cash and cash equivalents at end of period $ 30,380 $ 36,535 Restricted cash at end of period 9,366 10,680 Cash and cash equivalents and restricted cash at end of period $ 39,746 $ 47,215 Restricted cash includes tenant security deposits and escrow funds that the Company maintains pursuant to certain mortgage loans. Restricted cash also includes the undistributed proceeds from the sale of land in Kent County, United Kingdom.

Organization and Basis of Pre23

Organization and Basis of Presentation (Policy)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Selling, General and Administrative Expenses, Policy [Policy Text Block]	The Company capitalizes pre-development and pre-acquisition costs incurred in pursuit of new development, land or operating property opportunities for which the Company currently believes future development or asset acquisition is probable. Future development and the consummation of acquisitions is dependent upon various factors, including, as appropriate, due diligence, zoning and regulatory approval, rental market conditions and construction costs. Initial pre-development and pre-acquisition costs incurred on future development, land or operating property acquisitions that is not considered probable are expensed as incurred. In addition, if the status of a future development, land or operating property acquisitions by the Company is no longer probable, any capitalized pre-development or pre-acquisition costs are written off.
New Accounting Pronouncements, Policy [Policy Text Block]	Revenue Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance (except revenue in the scope of other accounting standards, including standards related to leasing). Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ; ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ; ASU 2017-05 , Gains and losses from the derecognition of nonfinancial assets (Topic 610-20) , and ASU 2017-13, Revenue from Contracts with Customers (Topic 606): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments (collectively, the “New Revenue Standards”). The New Revenue Standards provide a unified model to determine how revenue is recognized. In accordance with the New Revenue Standards, the Company performs the following steps: (i) identify the contract with the customer, (ii) identify the performance obligations within the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations and (v) recognize revenue when (or as) a performance obligation is satisfied. The Company evaluated each of its revenue streams: lease agreement revenue, development service fee revenue, deferred land sale revenue and gain or loss on sale of nonfinancial assets and adopted the New Revenue Standards effective January 1, 2018 using the modified retrospective approach. The Company concluded that there are no revenue streams from its lease agreements that are covered by the New Revenue Standards with the possible exception of non-lease components as further discussed below. The New Revenue Standards did not have an impact on the amount and timing of recognizing the Company's development service fee income. The Company recognizes development service fee income on a variable basis as a percentage of costs incurred on third party development contracts. Property development services, which are a single performance obligation, continue to be satisfied and recognized over time. The Company measures its progress toward completing the performance obligation under each arrangement. The measurement of the transfer of value to the customer for these services utilizes the input method (actual costs incurred against anticipated project costs) since this method best depicts the actual transfer of value promised to the customer. The total amount of consideration to be received from these projects is assessed on a quarterly basis. Based on existing contracts, completion is anticipated by the end of 2018. The Company recognizes revenues from improving land sites and selling the underlying land on behalf of its development partner to home builders in the United Kingdom. These agreements contain a pre-emption clause and a seller's call option. The Company recognizes revenue as the pre-emption period or seller's call option lapses utilizing the output method. There was no revenue recognized for such contracts during the three months ended March 31, 2018 or March 31, 2017. The New Revenue Standards did not have an impact on the gain or loss of sale of nonfinancial assets. The New Revenue Standards require the Company to derecognize nonfinancial assets once it transfers control of a distinct nonfinancial asset or distinct in-substance nonfinancial asset. Additionally, when the Company transfers its controlling interest in a nonfinancial asset, but retains a noncontrolling ownership interest, the Company is required to measure any noncontrolling interest it receives or retains at fair value. The guidance requires companies to recognize a full gain or loss on the transaction. See Notes 5 and 7 for further discussion of sales of nonfinancial assets during the three months ended March 31, 2018. Estimated gross revenue related to the remaining performance obligations under existing contracts (before allocation of related costs and expenses) as of March 31, 2018 that will be recognized as revenue in future periods was approximately $85.9 million , which is expected to be recognized substantially in 2018 and the remainder through 2020 . The Company adopted the practical expedient to assess the recognition of revenue for open contracts during the transition period. There was no adjustment to the opening balance of retained earnings recorded at January 1, 2018. Development Fee Contracts From time to time, the Company enters into contracts to develop properties on a fee basis for joint ventures in which the Company holds an interest or for unrelated third parties. In these cases the Company typically agrees to be responsible for all aspects of the development of the project (and, in certain instances, related infrastructure) and to guarantee the timely lien-free completion of construction of the project and the payment, subject to certain exceptions, of cost overruns incurred in the development of the project. If the Company encounters construction delays or unexpected costs in the development of these projects or is otherwise unable to recover the costs it incurs, the resulting unrecovered costs and potential payments to customers could generate losses that would adversely affect the Company's cash flow and net income. On a quarterly basis, the Company applies reasonable estimates and judgments to assess whether or not it is necessary to accrue any estimated future losses with respect to such contracts. The Company recognized an aggregate net loss of $1.7 million on these contracts during the three months ended March 31, 2018 and an aggregate net profit of $481,000 during the three months ended March 31, 2017. Should external or internal circumstances change requiring the Company to adjust the estimated future cash flows from these development contracts or in a manner that indicates that such development contracts may result in a loss, the Company could be required to record additional losses in the future. See Note 12 where certain fee development matters relating specifically to the Comcast Technology Center are discussed in further detail. Systems Implementation Expense The Company is incurring costs associated with its efforts to implement new financial and operating systems in certain cloud computing arrangements. The Company evaluated the arrangements in accordance with ASU 2015-05, “ Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” and concluded that such arrangements are service contracts under the standard. Accordingly, the Company expenses substantially all costs as incurred. Certain costs that relate to the software service agreements received over time are set up as prepaid and expensed over the applicable service period. These costs include license costs incurred during the implementation period as well as consulting, personnel and other direct costs related to the implementation. The Company incurred $706,000 of systems implementation expense for the three months ended March 31, 2018. There were no such costs for the three months ended March 31, 2017. Expensed Pursuit Costs The Company capitalizes pre-development and pre-acquisition costs incurred in pursuit of new development, land or operating property opportunities for which the Company currently believes future development or asset acquisition is probable. Future development and the consummation of acquisitions is dependent upon various factors, including, as appropriate, due diligence, zoning and regulatory approval, rental market conditions and construction costs. Initial pre-development and pre-acquisition costs incurred on future development, land or operating property acquisitions that is not considered probable are expensed as incurred. In addition, if the status of a future development, land or operating property acquisitions by the Company is no longer probable, any capitalized pre-development or pre-acquisition costs are written off. The Company expensed costs related to pursuit costs of $324,000 and $32,000 for the three months ended March 31, 2018 and March 31, 2017, respectively. In the third quarter of 2017, the Company began to separately classify expensed pursuit costs in the Consolidated Statements of Comprehensive Income. These costs, which were reclassified retrospectively for all periods, were formerly classified as general and administrative expense. Recently Issued Accounting Standards In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. ASU 2016-02 is effective for the Company beginning January 1, 2019. Early adoption of ASU 2016-02 is permitted. The standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. Revenue related to the lease component of the contract will be recognized on a straight-line basis, while revenue related to the non-lease component will be recognized under the provisions of the New Revenue Standards. For lease agreements longer than one year in which the Company is the lessee, the Company will measure the present value of the future lease payments and recognize a right-of-use asset and corresponding lease liability on its balance sheet. In addition, the new standard states that only direct leasing costs may be capitalized. The Company has assembled a project team that is working to analyze and evaluate the impact of the guidance on its consolidated financial statements. The team is monitoring activity with respect to possible amendments to ASU 2016-02, particularly the amendment that provides a practical expedient to lessors by removing the requirement to separate lease and non-lease components. The Company expects to adopt the new lease standard on January 1, 2019. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 is designed to clarify how entities should classify cash receipts and cash payments in the statement of cash flows. ASU 2016-15 became effective for the Company beginning January 1, 2018. The standard requires retrospective application. The adoption of the ASU 2016-15 did not have a material impact on the Company's consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash (“ASU 2016-18”) , which requires that restricted cash and cash equivalents be included with cash and cash equivalents when reconciling beginning-of-period and end-of-period total amounts shown on the consolidated statements of cash flows. The new standard is effective for public entities for fiscal years beginning after December 15, 2017 and for interim periods therein. The Company adopted ASU 2016-18 as of December 31, 2017. The impact of the implementation of ASU 2016-18 was as follows: Three months ended March 31, 2017 Net cash provided by operating activities (prior to adoption of ASU 2016-18) $ 86,382 Impact of including restricted cash with cash and cash equivalents (1,902 ) Net cash provided by operating activities (after adoption of ASU 2016-18) $ 84,480 In February 2017, the FASB issued ASU 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”). ASU 2017-05 is designed to provide guidance on how to recognize gain and losses on sales, including partial sale, of nonfinancial assets to noncustomers. The Company adopted ASU 2017-05 effective January 1, 2018 on a modified retrospective method and the adoption did not have an effect on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting (“ASU 2017-09”). ASU 2017-09 clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. ASU 2017-09 became effective for the Company beginning January 1, 2018. The new guidance will be applied prospectively to awards modified on or after the adoption date. The adoption of the ASU 2017-09 did not have a material impact on the Company's consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”). ASU 2017-12 is designed to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for the Company beginning January 1, 2019. Early adoption is permitted using a modified retrospective transition method. This adoption method will require the Company to recognize the cumulative effect of initially applying ASU 2017-12 as an adjustment to accumulated other comprehensive income with a corresponding adjustment to the opening balance of retained earnings as of the beginning of the fiscal year that an entity adopts the update. The Company is evaluating the impact ASU 2017-12 will have on the Company's financial position and results of operations.
Systems Implementation Expense [Policy Text Block]	The Company is incurring costs associated with its efforts to implement new financial and operating systems in certain cloud computing arrangements. The Company evaluated the arrangements in accordance with ASU 2015-05, “ Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement” and concluded that such arrangements are service contracts under the standard. Accordingly, the Company expenses substantially all costs as incurred. Certain costs that relate to the software service agreements received over time are set up as prepaid and expensed over the applicable service period. These costs include license costs incurred during the implementation period as well as consulting, personnel and other direct costs related to the implementation.
Revenue Recognition, Policy [Policy Text Block]	In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance (except revenue in the scope of other accounting standards, including standards related to leasing). Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ; ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients ; ASU 2017-05 , Gains and losses from the derecognition of nonfinancial assets (Topic 610-20) , and ASU 2017-13, Revenue from Contracts with Customers (Topic 606): Amendments to SEC Paragraphs Pursuant to the Staff Announcement at the July 20, 2017 EITF Meeting and Rescission of Prior SEC Staff Announcements and Observer Comments (collectively, the “New Revenue Standards”). The New Revenue Standards provide a unified model to determine how revenue is recognized. In accordance with the New Revenue Standards, the Company performs the following steps: (i) identify the contract with the customer, (ii) identify the performance obligations within the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations and (v) recognize revenue when (or as) a performance obligation is satisfied. The Company evaluated each of its revenue streams: lease agreement revenue, development service fee revenue, deferred land sale revenue and gain or loss on sale of nonfinancial assets and adopted the New Revenue Standards effective January 1, 2018 using the modified retrospective approach. The Company concluded that there are no revenue streams from its lease agreements that are covered by the New Revenue Standards with the possible exception of non-lease components as further discussed below. The New Revenue Standards did not have an impact on the amount and timing of recognizing the Company's development service fee income. The Company recognizes development service fee income on a variable basis as a percentage of costs incurred on third party development contracts. Property development services, which are a single performance obligation, continue to be satisfied and recognized over time. The Company measures its progress toward completing the performance obligation under each arrangement. The measurement of the transfer of value to the customer for these services utilizes the input method (actual costs incurred against anticipated project costs) since this method best depicts the actual transfer of value promised to the customer. The total amount of consideration to be received from these projects is assessed on a quarterly basis. Based on existing contracts, completion is anticipated by the end of 2018. The Company recognizes revenues from improving land sites and selling the underlying land on behalf of its development partner to home builders in the United Kingdom. These agreements contain a pre-emption clause and a seller's call option. The Company recognizes revenue as the pre-emption period or seller's call option lapses utilizing the output method. There was no revenue recognized for such contracts during the three months ended March 31, 2018 or March 31, 2017. The New Revenue Standards did not have an impact on the gain or loss of sale of nonfinancial assets. The New Revenue Standards require the Company to derecognize nonfinancial assets once it transfers control of a distinct nonfinancial asset or distinct in-substance nonfinancial asset. Additionally, when the Company transfers its controlling interest in a nonfinancial asset, but retains a noncontrolling ownership interest, the Company is required to measure any noncontrolling interest it receives or retains at fair value. The guidance requires companies to recognize a full gain or loss on the transaction. See Notes 5 and 7 for further discussion of sales of nonfinancial assets during the three months ended March 31, 2018.

Segment Information (Policies)

Segment Information (Policies)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Reporting, Policy [Policy Text Block]	The Company evaluates the performance of its reportable segments based on segment net operating income (“SNOI”). SNOI is defined as net operating income (rental revenue and operating expense reimbursements less rental property and real estate tax expenses) less amortization of lease transaction costs and other operating expenses which relate directly to the management and operation of the assets within each reportable segment.

Impairment and Disposal of Lo25

Impairment and Disposal of Long-Lived Assets Impairment and Disposal of Long-Lived Assets (Policies)	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations, Policy [Policy Text Block]	The Company determined that the strategic shift would have a major effect on its operations and financial results. As such, properties sold or those that meet the criteria to be classified as held for sale within the new corporate strategy were classified within discontinued operations. Consistent with the held for sale criteria these properties are expected to be sold within one year. As the result of the classification within discontinued operations, the in-service assets and liabilities of this portfolio are required to be presented as held for sale for all prior periods presented in our Consolidated Balance Sheets. Operating results pertaining to these properties were reclassified to discontinued operations for all prior periods presented in our Consolidated Statements of Comprehensive Income.

Disclosure of Fair Value of F26

Disclosure of Fair Value of Financial Instruments Fair Value of Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments, Policy [Policy Text Block]	ASC 820, Fair Value Measurements and Disclosures, provides guidance on the fair value measurement of a financial asset or liability. Inputs used to develop fair value are classified in one of three categories: Level 1 inputs (quoted prices (unadjusted) in active markets for identical assets or liabilities), Level 2 inputs (inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly) and Level 3 inputs (unobservable inputs for the asset or liability). The following disclosure of estimated fair value was determined by management using available market information and appropriate valuation methodologies. However, considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, the following estimates are not necessarily indicative of the amounts the Company could have realized on disposition of the financial instruments at March 31, 2018 and December 31, 2017 . The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. The carrying value of cash and cash equivalents, restricted cash, accounts receivable, accounts payable, accrued interest, dividend and distributions payable and other liabilities are reasonable estimates of fair value because of the short-term nature of these instruments. The carrying value of the outstanding amounts under the Company's credit facilities is a reasonable estimate of fair value because interest rates float at a rate based on LIBOR. The Company determines the fair value of its interest rate swaps by using the standard methodology of netting discounted future fixed cash payments with the discounted expected variable cash receipts. These variable cash receipts of interest rate swaps are based on expectations of future LIBOR interest rates (forward curves) estimated by observing market LIBOR interest rate curves. This is a Level 2 fair value calculation. Also, credit valuation adjustments are factored into the fair value calculations to account for potential nonperformance risk. These credit valuation adjustments were concluded to be not significant inputs for the fair value calculations for the periods presented. See Note 13 - Derivative Instruments. The Company used a discounted cash flow model to determine the estimated fair value of its debt as of March 31, 2018 and December 31, 2017 . This is a Level 3 fair value calculation. The inputs used in preparing the discounted cash flow model include actual maturity dates and scheduled cash flows as well as estimates for market value discount rates. The Company updates the discounted cash flow model on a quarterly basis to reflect any changes in the Company's debt holdings and changes to discount rate assumptions.

Organization and Basis of Pre27

Organization and Basis of Presentation Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2018
Basis of Presentation [Abstract]
Schedule of Adjustments to Previously Reported Financial Statements	The impact of the implementation of ASU 2016-18 was as follows: Three months ended March 31, 2017 Net cash provided by operating activities (prior to adoption of ASU 2016-18) $ 86,382 Impact of including restricted cash with cash and cash equivalents (1,902 ) Net cash provided by operating activities (after adoption of ASU 2016-18) $ 84,480

Income per Common Share of th28

Income per Common Share of the Trust (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Shares (Denominator) Per Share Income (Numerator) Weighted Average Shares (Denominator) Per Share Income from continuing operations net of noncontrolling interest - basic $ 48,043 147,060 $ 0.33 $ 40,204 146,471 $ 0.27 Dilutive shares for long-term compensation plans — 813 — 750 Income from continuing operations net of noncontrolling interest - diluted $ 48,043 147,873 $ 0.33 $ 40,204 147,221 $ 0.27 Discontinued operations net of noncontrolling interest - basic $ 92,138 147,060 $ 0.62 $ 2,828 146,471 $ 0.02 Dilutive shares for long-term compensation plans — 813 — 750 Discontinued operations net of noncontrolling interest - diluted $ 92,138 147,873 $ 0.62 $ 2,828 147,221 $ 0.02 Net income available to common shareholders - basic $ 140,181 147,060 $ 0.95 $ 43,032 146,471 $ 0.29 Dilutive shares for long-term compensation plans — 813 — 750 Net income available to common shareholders - diluted $ 140,181 147,873 $ 0.95 $ 43,032 147,221 $ 0.29

Income per Common Unit of the29

Income per Common Unit of the Operating Partnership (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Unit, Basic and Diluted [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted income per common share of the Trust (in thousands except per share amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Shares (Denominator) Per Share Income (Numerator) Weighted Average Shares (Denominator) Per Share Income from continuing operations net of noncontrolling interest - basic $ 48,043 147,060 $ 0.33 $ 40,204 146,471 $ 0.27 Dilutive shares for long-term compensation plans — 813 — 750 Income from continuing operations net of noncontrolling interest - diluted $ 48,043 147,873 $ 0.33 $ 40,204 147,221 $ 0.27 Discontinued operations net of noncontrolling interest - basic $ 92,138 147,060 $ 0.62 $ 2,828 146,471 $ 0.02 Dilutive shares for long-term compensation plans — 813 — 750 Discontinued operations net of noncontrolling interest - diluted $ 92,138 147,873 $ 0.62 $ 2,828 147,221 $ 0.02 Net income available to common shareholders - basic $ 140,181 147,060 $ 0.95 $ 43,032 146,471 $ 0.29 Dilutive shares for long-term compensation plans — 813 — 750 Net income available to common shareholders - diluted $ 140,181 147,873 $ 0.95 $ 43,032 147,221 $ 0.29
Liberty Property Limited Partnership [Member]
Earnings Per Unit, Basic and Diluted [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the computation of basic and diluted income per common unit of the Operating Partnership (in thousands, except per unit amounts): For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2017 Income (Numerator) Weighted Average Units (Denominator) Per Unit Income (Numerator) Weighted Average Units (Denominator) Per Unit Income from continuing operations - net of noncontrolling interest - consolidated joint ventures $ 49,305 $ 41,285 Less: Preferred unit distributions (118 ) (118 ) Income from continuing operations available to common unitholders - basic $ 49,187 150,580 $ 0.33 $ 41,167 150,000 $ 0.27 Dilutive units for long-term compensation plans — 813 — 750 Income from continuing operations available to common unitholders - diluted $ 49,187 151,393 $ 0.33 $ 41,167 150,750 $ 0.27 Income from discontinued operations - basic $ 94,333 150,580 $ 0.62 $ 2,896 150,000 $ 0.02 Dilutive units for long-term compensation plans — 813 — 750 Income from discontinued operations - diluted $ 94,333 151,393 $ 0.62 $ 2,896 150,750 $ 0.02 Income available to common unitholders - basic $ 143,520 150,580 $ 0.95 $ 44,063 150,000 $ 0.29 Dilutive units for long-term compensation plans — 813 — 750 Income available to common unitholders - diluted $ 143,520 151,393 $ 0.95 $ 44,063 150,750 $ 0.29

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table sets forth the components of Accumulated Other Comprehensive Loss (in thousands): As of and for the three months ended March 31, 2018 2017 Foreign Currency Translation: Beginning balance $ (38,701 ) $ (56,767 ) Translation adjustment 7,932 3,177 Ending balance (30,769 ) (53,590 ) Derivative Instruments: Beginning balance 150 (455 ) Unrealized gain 369 127 Reclassification adjustment (1) 16 186 Ending balance 535 (142 ) Total accumulated other comprehensive loss (30,234 ) (53,732 ) Less: portion included in noncontrolling interest – operating partnership 560 1,110 Total accumulated other comprehensive loss included in shareholders' equity/owners' equity $ (29,674 ) $ (52,622 ) (1) Amounts reclassified out of Accumulated Other Comprehensive Loss/General & Limited Partner's Equity into contractual interest expense.

Real Estate (Tables)

Real Estate (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Dispositions [Table Text Block]	Information on the Operating Properties and land parcels the Company acquired during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Purchase Price (in thousands) United Kingdom — 7.1 — $ 4,240 Other: Southern California 1 0.8 400,169 92,700 1 7.9 400,169 $ 96,940 Information on the Operating Properties and land parcels the Company sold or conveyed during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Gross Proceeds (in thousands) Carolinas/Richmond 1 1.5 80,000 $ 7,094 Chicago/Minneapolis — 8.3 — 2,714 Southeastern PA 23 — 1,420,515 183,808 24 9.8 1,500,515 $ 193,616 A summary of the results of operations for the properties classified as discontinued operations through the respective disposition dates is as follows (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Revenues $ 8,179 $ 9,600 Operating expenses (1,972 ) (3,641 ) Depreciation and amortization (1,219 ) (2,368 ) Interest and other income 5 14 Interest expense (709 ) (709 ) Income from discontinued operations before gain on property dispositions 4,284 2,896 Gain on property dispositions 90,049 — Income from discontinued operations 94,333 2,896 Noncontrolling interest - operating partnership (2,195 ) (68 ) Income from discontinued operations available to common shareholders $ 92,138 $ 2,828 The following table illustrates aggregate balance sheet information for all held for sale properties (in thousands): March 31, 2018 December 31, 2017 Included in Continuing Operations Included in Discontinued Operations Total Included in Continuing Operations Included in Discontinued Operations Total Land and land improvements $ 3,199 $ 20,404 $ 23,603 $ 3,476 $ 41,191 $ 44,667 Buildings and improvements 80,738 141,416 222,154 80,738 248,514 329,252 Development in progress — — — — 45,035 45,035 Land held for development — — — 863 — 863 Accumulated depreciation (11,760 ) (15,318 ) (27,078 ) (11,785 ) (105,786 ) (117,571 ) Deferred financing and leasing costs, net 2,210 6,964 9,174 2,210 10,280 12,490 Other assets 5,265 5,081 10,346 5,137 10,313 15,450 Total assets held for sale $ 79,652 $ 158,547 $ 238,199 $ 80,639 $ 249,547 $ 330,186 Total liabilities held for sale $ 332 $ 1,517 $ 1,849 $ 1,153 $ 8,350 $ 9,503 The following table illustrates the number of sold or held for sale properties included in, or excluded from, discontinued operations in this report: Held for Sale as of March 31, 2018 Sold during the three months ended March 31, 2018 Sold during the year ended December 31, 2017 Total Properties included in discontinued operations 5 23 2 30 Properties included in continuing operations 2 1 8 11 Properties sold or classified as held for sale 7 24 10 41

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment, Revenue and Net Operating Income [Table Text Block]	The operating information by reportable segment is as follows (in thousands): Three Months Ended March 31, 2018 2017 Operating revenue Carolinas/Richmond $ 19,793 $ 18,056 Chicago/Minneapolis 16,517 15,875 Florida 15,408 14,248 Houston 15,862 14,774 Lehigh/Central PA 38,085 41,535 Philadelphia 12,345 11,436 Southeastern PA 10,182 14,615 United Kingdom 4,273 3,168 Other 39,623 30,372 Segment-level operating revenue 172,088 164,079 Reconciliation to total operating revenues Development service fee income 26,352 11,485 Discontinued operations (8,179 ) (9,600 ) Other (96 ) (198 ) Total operating revenue $ 190,165 $ 165,766 SNOI Carolinas/Richmond $ 14,047 $ 12,982 Chicago/Minneapolis 9,901 9,349 Florida 10,819 9,511 Houston 9,597 6,801 Lehigh/Central PA 27,767 29,578 Philadelphia 10,154 8,759 Southeastern PA 6,890 8,113 United Kingdom 2,429 1,858 Other 26,550 20,256 SNOI 118,154 107,207 Reconciliation to income from continuing operations Interest expense (1) (23,459 ) (22,343 ) Depreciation/amortization expense (1) (2) (33,408 ) (33,193 ) Gain on property dispositions 4,121 807 Equity in earnings of unconsolidated joint ventures 6,764 5,731 General and administrative expense (1) (2) (15,009 ) (12,222 ) Expensed pursuit costs (324 ) (32 ) Systems implementation expense (706 ) — Discontinued operations excluding gain on property dispositions (4,284 ) (2,896 ) Income taxes (2) (12 ) (280 ) Other (2,445 ) (1,431 ) Income from continuing operations $ 49,392 $ 41,348 (1) Includes activity on discontinued operations. (2) Excludes costs that are included in determining SNOI.
Assets by Segment and Reconciliation to Consolidated [Table Text Block]	The Company's total assets by reportable segment as of March 31, 2018 and December 31, 2017 is as follows (in thousands): March 31, 2018 December 31, 2017 Carolinas/Richmond $ 521,272 $ 543,922 Chicago/Minnesota 603,220 615,186 Florida 523,239 533,861 Houston 499,433 498,584 Lehigh/Central PA 1,203,574 1,210,746 Philadelphia 720,323 665,843 Southeastern PA 139,625 241,128 United Kingdom 239,605 251,824 Other 1,902,192 1,807,653 Segment-level total assets 6,352,483 6,368,747 Corporate Other 62,148 71,010 Total assets $ 6,414,631 $ 6,439,757

Impairment and Disposal of Lo33

Impairment and Disposal of Long-Lived Assets Impairment and Disposal of Long-Lived Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	Information on the Operating Properties and land parcels the Company acquired during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Purchase Price (in thousands) United Kingdom — 7.1 — $ 4,240 Other: Southern California 1 0.8 400,169 92,700 1 7.9 400,169 $ 96,940 Information on the Operating Properties and land parcels the Company sold or conveyed during the three months ended March 31, 2018 is as follows: Three Months Ended March 31, 2018 Number of Buildings Acres of Developable Land Leaseable Square Feet Gross Proceeds (in thousands) Carolinas/Richmond 1 1.5 80,000 $ 7,094 Chicago/Minneapolis — 8.3 — 2,714 Southeastern PA 23 — 1,420,515 183,808 24 9.8 1,500,515 $ 193,616 A summary of the results of operations for the properties classified as discontinued operations through the respective disposition dates is as follows (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Revenues $ 8,179 $ 9,600 Operating expenses (1,972 ) (3,641 ) Depreciation and amortization (1,219 ) (2,368 ) Interest and other income 5 14 Interest expense (709 ) (709 ) Income from discontinued operations before gain on property dispositions 4,284 2,896 Gain on property dispositions 90,049 — Income from discontinued operations 94,333 2,896 Noncontrolling interest - operating partnership (2,195 ) (68 ) Income from discontinued operations available to common shareholders $ 92,138 $ 2,828 The following table illustrates aggregate balance sheet information for all held for sale properties (in thousands): March 31, 2018 December 31, 2017 Included in Continuing Operations Included in Discontinued Operations Total Included in Continuing Operations Included in Discontinued Operations Total Land and land improvements $ 3,199 $ 20,404 $ 23,603 $ 3,476 $ 41,191 $ 44,667 Buildings and improvements 80,738 141,416 222,154 80,738 248,514 329,252 Development in progress — — — — 45,035 45,035 Land held for development — — — 863 — 863 Accumulated depreciation (11,760 ) (15,318 ) (27,078 ) (11,785 ) (105,786 ) (117,571 ) Deferred financing and leasing costs, net 2,210 6,964 9,174 2,210 10,280 12,490 Other assets 5,265 5,081 10,346 5,137 10,313 15,450 Total assets held for sale $ 79,652 $ 158,547 $ 238,199 $ 80,639 $ 249,547 $ 330,186 Total liabilities held for sale $ 332 $ 1,517 $ 1,849 $ 1,153 $ 8,350 $ 9,503 The following table illustrates the number of sold or held for sale properties included in, or excluded from, discontinued operations in this report: Held for Sale as of March 31, 2018 Sold during the three months ended March 31, 2018 Sold during the year ended December 31, 2017 Total Properties included in discontinued operations 5 23 2 30 Properties included in continuing operations 2 1 8 11 Properties sold or classified as held for sale 7 24 10 41

Noncontrolling Interest - Ope34

Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units (Tables)	3 Months Ended
	Mar. 31, 2018
Temporary Equity [Line Items]
Schedule of Temporary Equity [Table Text Block]	As of March 31, 2018 , the Company had outstanding the following cumulative preferred units of the Operating Partnership: ISSUE AMOUNT UNITS LIQUIDATION PREFERENCE DIVIDEND RATE (in 000’s) Series I-2 $ 7,537 301 $25 6.25 %

Disclosure of Fair Value of F35

Disclosure of Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Instrument, Fair Value Disclosure [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	The following summarizes the fair value of the Company's mortgage loans and unsecured notes as of December 31, 2017 and March 31, 2018 (in thousands): Mortgage Loans Unsecured Notes Carrying Value Fair Value Carrying Value Fair Value As of December 31, 2017 $ 267,093 $ 267,298 $ 2,283,513 $ 2,359,998 As of March 31, 2018 $ 264,906 $ 264,076 $ 2,284,197 $ 2,296,375

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss) [Table Text Block]	The following table presents the location in the financial statements of the gains or losses recognized related to the Company’s cash flow hedges for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended March 31, 2018 March 31, 2017 Amount of gain related to the effective portion recognized in other comprehensive income (loss) $ 402 $ 138 Amount of loss related to the effective portion subsequently reclassified to interest expense $ (16 ) $ (186 ) Amount of (loss) gain related to the ineffective portion recognized in interest expense $ (27 ) $ 22

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Rental Payments	Future minimum rental payments under the terms of all non-cancelable operating ground leases under which the Company is the lessee, as of March 31, 2018 , were as follows (in thousands): Year Amount 2018 (remaining) $ 1,431 2019 1,968 2020 1,963 2021 1,963 2022 1,917 2023 and thereafter 33,776 Total $ 43,018

Supplemental Disclosure to St38

Supplemental Disclosure to Statements of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Supplemental Disclosure to Statements of Cash Flows	The following are supplemental disclosures to the consolidated statements of cash flows for the three months ended March 31, 2018 and 2017 (amounts in thousands): 2018 2017 Write-off of fully depreciated/amortized property and deferred costs - properties included in continuing operations $ 6,903 $ 8,090 Write-off of fully depreciated/amortized property and deferred costs - properties included in discontinued operations $ 6 $ 4,190 Write-off of depreciated property and deferred costs due to sale - properties included in continuing operations $ 3,045 $ 2,506 Write-off of depreciated property and deferred costs due to sale - properties included in discontinued operations $ 96,936 $ — Changes in accrued development capital expenditures - properties included in continuing operations $ (153 ) $ 5,048 Changes in accrued development capital expenditures - properties included in discontinued operations $ (1,889 ) $ 2,373 Unrealized gain on cash flow hedge $ 385 $ 313 Capitalized equity-based compensation $ 185 $ 604 Redemption of noncontrolling interests - common units $ — $ 27

Organization and Basis of Pre39

Organization and Basis of Presentation (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Variable Interest Entity [Line Items]
Ownership interest in operating partnership - Limited Partnership	97.70%
Liberty Comcast 1701 JFK Boulevard, LP [Member]
Variable Interest Entity [Line Items]
Ownership percentage of equity method investment	20.00%
Liberty Comcast 1701 JFK Boulevard, LP [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Other Investments [Member]
Variable Interest Entity [Line Items]
Equity investment in joint venture	$ 77.1	$ 18.7
Maximum exposure to loss	$ 77.1	$ 17.3
Liberty Comcast 1701 JFK Boulevard, LP [Member] | Philadelphia [Member]
Variable Interest Entity [Line Items]
Ownership percentage of equity method investment	20.00%

Organization and Basis of Pre40

Organization and Basis of Presentation Development Fee Contracts (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Expensed Pursuit Costs [Abstract]
Loss on Contracts	$ 1,700,000	$ 481,000

Organization and Basis of Pre41

Organization and Basis of Presentation Systems Implementation Expense (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Systems Implementation Expense [Abstract]
Systems implementation expense	$ 706,000	$ 0

Organization and Basis of Pre42

Organization and Basis of Presentation Expensed Pursuit Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Expensed Pursuit Costs [Abstract]
Expensed pursuit costs	$ 324	$ 32

Organization and Basis of Pre43

Organization and Basis of Presentation Prior period adjustments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Prior Period Adjustments [Line Items]
Net cash provided by operating activities	$ 93,699	$ 84,480
Accounting Standards Update 2016-18 [Member]
Prior Period Adjustments [Line Items]
Net cash provided by operating activities		84,480
Accounting Standards Update 2016-18 [Member] | Scenario, Previously Reported [Member]
Prior Period Adjustments [Line Items]
Net cash provided by operating activities		86,382
Accounting Standards Update 2016-18 [Member] | Restatement Adjustment [Member]
Prior Period Adjustments [Line Items]
Net cash provided by operating activities		$ (1,902)

Organization and Basis of Pre44

Organization and Basis of Presentation Revenue Recognition (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-01 $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 86
Remaining performance obligation through years	2,020

Income per Common Share of th45

Income per Common Share of the Trust (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income (Numerator) [Abstract]
Income from continuing operations net of noncontrolling interest	$ 48,043	$ 40,204
Income from discontinued operations net of noncontrolling interest	92,138	2,828
Net income available to common shareholders	$ 140,181	$ 43,032
Weighted Average Shares (Denominator) [Abstract]
Weighted Average Number of Shares Outstanding, Basic	147,060	146,471
Dilutive shares for long-term compensation plans	813	750
Weighted Average Number of Shares Outstanding, Diluted	147,873	147,221
Common shares [Member]
Earnings Per Share, Basic [Abstract]
Income from continuing operations, per basic share	$ 0.33	$ 0.27
Income from discontinued operations, per basic share	0.62	0.02
Income per common share - basic	0.95	0.29
Earnings Per Share, Diluted [Abstract]
Income from continuing operations, per diluted share	0.33	0.27
Income from discontinued operations, per diluted share	0.62	0.02
Income per common share - diluted	$ 0.95	$ 0.29

Income per Common Share of th46

Income per Common Share of the Trust Income per Common Share of the Trust - Anti-dilutive Options (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock Option [Member]
Antidilutive Options Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Options Excluded from Computation of Earnings Per Share	0	188,000

Income per Common Share of th47

Income per Common Share of the Trust - Options Exercised (Details) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Stock Option [Member] | Common shares [Member]
Stock Option Exercises [Line Items]
Amount of Options Exercises in Period	89,000	193,000

Income per Common Share of th48

Income per Common Share of the Trust Share Repurchase (Details) - 2017 Share Repurchase Program [Member] - Common shares [Member] $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)shares
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount | $	$ 250
Stock Repurchased During Period, Shares | shares	0

Income per Common Unit of the49

Income per Common Unit of the Operating Partnership - Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income (Numerator) [Abstract]
Income from continuing operations net of noncontrolling interest - consolidated joint ventures	$ 48,043	$ 40,204
Income from discontinued operations	94,333	2,896
Net income available to common shareholders	$ 140,181	$ 43,032
Weighted Average Units (Denominator) [Abstract]
Weighted Average Number of Shares Outstanding, Basic	147,060	146,471
Dilutive units for long-term compensation plans	813	750
Weighted Average Number of Shares Outstanding, Diluted	147,873	147,221
Liberty Property Limited Partnership [Member]
Income (Numerator) [Abstract]
Income from continuing operations net of noncontrolling interest - consolidated joint ventures	$ 49,305	$ 41,285
Less: Preferred unit distributions	(118)	(118)
Income from continuing operations available to common unitholders	49,187	41,167
Income from discontinued operations	94,333	2,896
Net income available to common shareholders	$ 143,520	$ 44,063
Weighted Average Units (Denominator) [Abstract]
Weighted Average Number of Shares Outstanding, Basic	150,580	150,000
Dilutive units for long-term compensation plans	813	750
Weighted Average Number of Shares Outstanding, Diluted	151,393	150,750
Liberty Property Limited Partnership [Member] | Common Units [Member]
Earnings Per Unit, Basic [Abstract]
Income from continuing operations, per basic share	$ 0.33	$ 0.27
Income from discontinued operations, per basic share	0.62	0.02
Income per common share - basic	0.95	0.29
Earnings Per Unit, Diluted [Abstract]
Income from continuing operations, per diluted share	0.33	0.27
Income from discontinued operations, per diluted share	0.62	0.02
Income per common share - diluted	$ 0.95	$ 0.29

Income per Common Unit of the50

Income per Common Unit of the Operating Partnership - Anti-dilutive Options (Details) - Stock Option [Member] - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Options Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Options Excluded from Computation of Earnings Per Share	0	188,000
Liberty Property Limited Partnership [Member]
Antidilutive Options Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Options Excluded from Computation of Earnings Per Share	0	188,000

Income per Common Unit of the51

Income per Common Unit of the Operations Partnership - Options Exercised (Details) - shares	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Liberty Property Limited Partnership [Member] | Stock Option [Member] | Common Units [Member]
Stock Option Exercises [Line Items]
Amount of Options Exercises in Period	89,000	193,000

Income per Common Unit of the52

Income per Common Unit of the Operating Partnership Unit Repurchase (Details) - Liberty Property Limited Partnership [Member] - 2017 Share Repurchase Program [Member] - Common Units [Member] $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)shares
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount | $	$ 250
Stock Repurchased During Period, Shares | shares	0

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance		$ 3,148,366
Ending Balance		3,248,288
Total accumulated other comprehensive loss		3,148,366		$ 3,248,288	$ 3,148,366
Total accumulated other comprehensive loss included in shareholders' equity/owners' equity				3,185,251	3,087,358
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance		(38,701)	$ (56,767)
Unrealized income (loss)		7,932	3,177
Ending Balance		(30,769)	(53,590)
Total accumulated other comprehensive loss		(38,701)	(56,767)	(30,769)	(38,701)	$ (53,590)
Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance		150	(455)
Unrealized income (loss)		369	127
Reclassification adjustment	[1]	16	186
Ending Balance		535	(142)
Total accumulated other comprehensive loss		150	(455)	535	150	(142)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Ending Balance		(30,234)	(53,732)
Total accumulated other comprehensive loss		(30,234)	(53,732)	(30,234)		(53,732)
AOCI Attributable to Noncontrolling Interest [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Ending Balance		560	1,110
Total accumulated other comprehensive loss		560	$ 1,110	560		1,110
AOCI Attributable to Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance		(37,797)
Ending Balance		(29,674)
Total accumulated other comprehensive loss		$ (37,797)		(29,674)	$ (37,797)
Total accumulated other comprehensive loss included in shareholders' equity/owners' equity				$ (29,674)		$ (52,622)
[1]	Amounts reclassified out of Accumulated Other Comprehensive Loss/General & Limited Partner's Equity into contractual interest expense.

Building Acquisitions and Dispo

Building Acquisitions and Dispositions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)ft²abldg	Mar. 31, 2017USD ($)
Property, Plant and Equipment [Line Items]
Gross Proceeds	$ 184,233	$ 1,874
Disposal Group, Not Discontinued Operations [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	24
Leaseable square feet | ft²	1,500,515
Disposal Group, Not Discontinued Operations [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Proceeds	$ 193,616
Disposal Group, Not Discontinued Operations [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	9.8
Disposal Group, Not Discontinued Operations [Member] | Carolinas Richmond [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	1
Leaseable square feet | ft²	80,000
Disposal Group, Not Discontinued Operations [Member] | Carolinas Richmond [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Proceeds	$ 7,094
Disposal Group, Not Discontinued Operations [Member] | Carolinas Richmond [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	1.5
Disposal Group, Not Discontinued Operations [Member] | Chicago Minneapolis [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	0
Leaseable square feet | ft²	0
Disposal Group, Not Discontinued Operations [Member] | Chicago Minneapolis [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Proceeds	$ 2,714
Disposal Group, Not Discontinued Operations [Member] | Chicago Minneapolis [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	8.3
Disposal Group, Not Discontinued Operations [Member] | Southeastern PA [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	23
Leaseable square feet | ft²	1,420,515
Disposal Group, Not Discontinued Operations [Member] | Southeastern PA [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross Proceeds	$ 183,808
Disposal Group, Not Discontinued Operations [Member] | Southeastern PA [Member] | Operating Segments [Member] | 2018 sales current quarter [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	0
2018 acquisitions current quarter [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	1
Leaseable square feet | ft²	400,169
2018 acquisitions current quarter [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Purchase Price	$ 96,940
2018 acquisitions current quarter [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	7.9
2018 acquisitions current quarter [Member] | United Kingdom [Member] | Operating Segments [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	0
Leaseable square feet | ft²	0
2018 acquisitions current quarter [Member] | United Kingdom [Member] | Operating Segments [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Purchase Price	$ 4,240
2018 acquisitions current quarter [Member] | United Kingdom [Member] | Operating Segments [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	7.1
2018 acquisitions current quarter [Member] | Southern California [Member] | Operating Segments [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Number of Real Estate Properties | bldg	1
Leaseable square feet | ft²	400,169
2018 acquisitions current quarter [Member] | Southern California [Member] | Operating Segments [Member] | Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Purchase Price	$ 92,700
2018 acquisitions current quarter [Member] | Southern California [Member] | Operating Segments [Member] | Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Acres of Developable Land | a	0.8

Segment Information - Income St

Segment Information - Income Statement (Details) - USD ($)		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Segment Reporting Information [Line Items]
Operating revenue		$ 190,165,000	$ 165,766,000
Net operating income		59,325,000	55,204,000
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense		(22,750,000)	(21,634,000)
Depreciation and amortization expense		(43,686,000)	(43,092,000)
Gain on property dispositions		4,121,000	807,000
Equity in earnings of unconsolidated joint ventures		6,764,000	5,731,000
General and administrative expense		(18,628,000)	(16,993,000)
Expensed pursuit costs		(324,000)	(32,000)
Systems implementation expense		706,000	0
Income taxes		(554,000)	(622,000)
Income from continuing operations		49,392,000	41,348,000
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Operating revenue		0	0
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating revenue		172,088,000	164,079,000
Net operating income		118,154,000	107,207,000
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating revenue		(96,000)	(198,000)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest expense	[1]	(23,459,000)	(22,343,000)
Depreciation and amortization expense	[1],[2]	(33,408,000)	(33,193,000)
Gain on property dispositions		4,121,000	807,000
Equity in earnings of unconsolidated joint ventures		6,764,000	5,731,000
General and administrative expense	[1],[2]	(15,009,000)	(12,222,000)
Expensed pursuit costs		(324,000)	(32,000)
Systems implementation expense		(706,000)	0
Discontinued operations excluding gain on property dispositions		(4,284,000)	(2,896,000)
Income taxes	[2]	(12,000)	(280,000)
Other		(2,445,000)	(1,431,000)
Discontinued operations | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating revenue		(8,179,000)	(9,600,000)
Development Service Fee Income [Member] | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Operating revenue		26,352,000	11,485,000
Carolinas Richmond [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		19,793,000	18,056,000
Net operating income		14,047,000	12,982,000
Chicago Minneapolis [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		16,517,000	15,875,000
Net operating income		9,901,000	9,349,000
Florida [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		15,408,000	14,248,000
Net operating income		10,819,000	9,511,000
Houston [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		15,862,000	14,774,000
Net operating income		9,597,000	6,801,000
Lehigh Central PA [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		38,085,000	41,535,000
Net operating income		27,767,000	29,578,000
Philadelphia [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		12,345,000	11,436,000
Net operating income		10,154,000	8,759,000
Southeastern PA [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		10,182,000	14,615,000
Net operating income		6,890,000	8,113,000
United Kingdom [Member] | Operating Segments [Member] | UNITED KINGDOM
Segment Reporting Information [Line Items]
Operating revenue		4,273,000	3,168,000
Net operating income		2,429,000	1,858,000
Other Segments [Member] | Operating Segments [Member] | North America [Member]
Segment Reporting Information [Line Items]
Operating revenue		39,623,000	30,372,000
Net operating income		$ 26,550,000	$ 20,256,000
[1]	Includes activity on discontinued operations.
[2]	Excludes costs that are included in determining SNOI.

Segment Information - Total Ass

Segment Information - Total Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 6,414,631	$ 6,439,757
Operating Segments [Member]
Segment Reporting Information [Line Items]
Assets	6,352,483	6,368,747
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Assets	62,148	71,010
North America [Member] | Operating Segments [Member] | Carolinas Richmond [Member]
Segment Reporting Information [Line Items]
Assets	521,272	543,922
North America [Member] | Operating Segments [Member] | Chicago Minneapolis [Member]
Segment Reporting Information [Line Items]
Assets	603,220	615,186
North America [Member] | Operating Segments [Member] | Florida [Member]
Segment Reporting Information [Line Items]
Assets	523,239	533,861
North America [Member] | Operating Segments [Member] | Houston [Member]
Segment Reporting Information [Line Items]
Assets	499,433	498,584
North America [Member] | Operating Segments [Member] | Lehigh Central PA [Member]
Segment Reporting Information [Line Items]
Assets	1,203,574	1,210,746
North America [Member] | Operating Segments [Member] | Philadelphia [Member]
Segment Reporting Information [Line Items]
Assets	720,323	665,843
North America [Member] | Operating Segments [Member] | Southeastern PA [Member]
Segment Reporting Information [Line Items]
Assets	139,625	241,128
North America [Member] | Operating Segments [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Assets	1,902,192	1,807,653
UNITED KINGDOM | Operating Segments [Member] | United Kingdom [Member]
Segment Reporting Information [Line Items]
Assets	$ 239,605	$ 251,824

Impairment and Disposal of Lo57

Impairment and Disposal of Long-Lived Assets Discontinued Operations (Details)	3 Months Ended
	Mar. 31, 2018USD ($)bldg	Mar. 31, 2017USD ($)	Dec. 31, 2017bldg
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Gain on property dispositions	$ (90,049,000)	$ 0
Net income	94,333,000	2,896,000
Income available to common shareholders	$ 92,138,000	2,828,000
Discontinued Operations, Held-for-sale [Member]
Discontined Operations Income Statement [Line Items]
Number of Real Estate Properties | bldg	5
Discontinued Operations, Disposed of by Sale [Member]
Discontined Operations Income Statement [Line Items]
Number of Real Estate Properties | bldg	23		2
Discontinued Operations [Member]
Discontined Operations Income Statement [Line Items]
Capital expenditures	$ 274,000	7,300,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Revenues	8,179,000	9,600,000
Operating expenses	1,972,000	3,641,000
Depreciation and amortization	1,219,000	2,368,000
Interest and other income	5,000	14,000
Interest expense	709,000	709,000
Net income before gain on property dispositions	4,284,000	2,896,000
Gain on property dispositions	90,049,000	0
Net income	94,333,000	2,896,000
Noncontrolling interest - operating partnership	2,195,000	68,000
Income available to common shareholders	$ (92,138,000)	$ (2,828,000)
Arizona [Member] | Discontinued Operations, Held-for-sale [Member]
Discontined Operations Income Statement [Line Items]
Number of Real Estate Properties | bldg	5
Southeastern PA [Member] | Discontinued Operations, Disposed of by Sale [Member]
Discontined Operations Income Statement [Line Items]
Number of Real Estate Properties | bldg	23

Impairment and Disposal of Lo58

Impairment and Disposal of Long-Lived Assets Assets Held for Sale (Details) $ in Thousands	Mar. 31, 2018USD ($)bldg	Dec. 31, 2017USD ($)bldg
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Assets held for sale	$ 238,199	$ 330,186
Liabilities held for sale	$ 1,849	9,503
Properties sold or classified as held for sale in the prior year and current year to date [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	41
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	2
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Land and land improvements	$ 3,199	3,476
Buildings and improvements	80,738	80,738
Development in progress	0	0
Land held for development	0	863
Accumulated depreciation	(11,760)	(11,785)
Deferred financing and leasing costs, net	2,210	2,210
Other assets	5,265	5,137
Assets held for sale	79,652	80,639
Liabilities held for sale	$ 332	1,153
Discontinued Operations, Held-for-sale [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	5
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Land and land improvements	$ 20,404	41,191
Buildings and improvements	141,416	248,514
Development in progress	0	45,035
Land held for development	0	0
Accumulated depreciation	(15,318)	(105,786)
Deferred financing and leasing costs, net	6,964	10,280
Other assets	5,081	10,313
Assets held for sale	158,547	249,547
Liabilities held for sale	$ 1,517	8,350
Held for Sale, Includes Disposal Groups and Discontinued Operations [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	7
Disposal Group, Including Discontinued Operation, Balance Sheet Disclosures [Abstract]
Land and land improvements	$ 23,603	44,667
Buildings and improvements	222,154	329,252
Development in progress	0	45,035
Land held for development	0	863
Accumulated depreciation	(27,078)	(117,571)
Deferred financing and leasing costs, net	9,174	12,490
Other assets	10,346	15,450
Assets held for sale	238,199	330,186
Liabilities held for sale	$ 1,849	$ 9,503
Discontinued Operations, Disposed of by Sale [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	23	2
Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	30
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	1	8
Disposal Group, Held-for-sale or Disposed of by Sale, Not Discontinued Operations [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	11
Disposed of by Sale, Discontinued Operations and Not Discontinued Operations [Member]
Balance Sheet Disclosures by Disposal Groups [Line Items]
Number of Real Estate Properties | bldg	24	10

Impairment and Disposal of Lo59

Impairment and Disposal of Long-Lived Assets Impairment Charges - Real Estate Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Impairment Charges [Abstract]
Impairment of Real Estate	$ 0	$ 0
Valuation adjustment	$ 0

Noncontrolling Interests of t60

Noncontrolling Interests of the Trust- Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Redeemable Noncontrolling Interest [Line Items]
Limited Partners' common units outstanding	3,520,205	3,520,205
Liberty Property Limited Partnership [Member]
Redeemable Noncontrolling Interest [Line Items]
Limited Partners' common units outstanding	3,520,205	3,520,205
Market value of common units based on closing price	$ 139.9

Limited Partners' Equity of t61

Limited Partners' Equity of the Operating Partnership - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Limited Partners' Capital Account [Line Items]
Limited Partners' common units outstanding	3,520,205	3,520,205
Liberty Property Limited Partnership [Member]
Limited Partners' Capital Account [Line Items]
Limited Partners' common units outstanding	3,520,205	3,520,205
Market value of common units based on closing price	$ 139.9

Noncontrolling Interest - Ope62

Noncontrolling Interest - Operating Partnership/Limited Partners' Equity - Preferred Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Temporary Equity [Line Items]
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017	$ 7,537	$ 7,537
Series I 2 [Member]
Temporary Equity [Line Items]
Noncontrolling interest - operating partnership - 301,483 preferred units outstanding as of March 31, 2018 and December 31, 2017	$ 7,537
Units	301,483	301,483
Liquidation Preference	$ 25
Dividend Rate	6.25%

Disclosure of Fair Value of F63

Disclosure of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgage loans	$ 264,906	$ 267,093
Unsecured Debt	2,284,197	2,283,513
Unsecured Debt [Member] | Fair Value, Inputs, Level 3 [Member] | Long-term Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	2,296,375	2,359,998
Mortgage Loans | Fair Value, Inputs, Level 3 [Member] | Long-term Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of debt	$ 264,076	$ 267,298

Liberty Property 18th & Arch LP

Liberty Property 18th & Arch LP and Liberty Property 18th & Arch, Hotel, LP (Details) $ in Thousands	Mar. 31, 2018USD ($)ft²	Dec. 31, 2017USD ($)	Jun. 30, 2014ft²roominvestmentstory
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 350,458	$ 288,456
Liberty Property 18th & Arch [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	179,200
Philadelphia [Member] | Liberty Property 18th & Arch [Member]
Schedule of Equity Method Investments [Line Items]
Number of equity method investments | investment			2
Anticipated Aggregate Investment	955,300
Anticipated investment in joint ventures	$ 191,100
Ownership percentage of equity method investment	20.00%
Philadelphia [Member] | Liberty Property 18th & Arch [Member] | Guarantee Obligations [Member]
Loss Contingency [Abstract]
Possible cost overruns	$ 67,000
Philadelphia [Member] | Construction in Progress [Member] | Liberty Property 18th & Arch [Member]
Schedule of Equity Method Investments [Line Items]
Number of stories in a high-rise building | story			60
Leaseable square feet | ft²			1,300,000
Number of hotel rooms | room			217
Anticipated Aggregate Investment	$ 217,400
Philadelphia [Member] | Building and Building Improvements [Member] | Liberty Property 18th & Arch [Member]
Schedule of Equity Method Investments [Line Items]
Leaseable square feet | ft²	250,000
Anticipated Aggregate Investment	$ 138,300

Unconsolidated Joint Ventures L

Unconsolidated Joint Ventures Liberty/Comcast 1701 JFK Boulevard, LP (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Equity Method Investments [Line Items]
Repayments of mortgage loans	$ 1,714	$ 1,930
Liberty Comcast 1701 JFK Boulevard, LP [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage of equity method investment	20.00%
Philadelphia [Member] | Liberty Comcast 1701 JFK Boulevard, LP [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage of equity method investment	20.00%
Equity Method Investee [Member] | Liberty Comcast 1701 JFK Boulevard, LP [Member] | Philadelphia [Member]
Schedule of Equity Method Investments [Line Items]
Repayments of mortgage loans	$ 305,200

Unconsolidated Joint Ventures C

Unconsolidated Joint Ventures Cambridge Medipark Ltd (Details) - Cambridge Medipark Ltd [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Equity Method Investments [Line Items]
Ownership percentage of equity method investment	50.00%
Joint venture, 2018 sales current quarter [Member] | Leaseholds and Leasehold Improvements [Member] | Other Income [Member] | Disposal Group, Not Discontinued Operations [Member]
Schedule of Equity Method Investments [Line Items]
Gain on sale of leasehold interests	$ 2
Joint venture, 2017 sales current quarter [Member] | Leaseholds and Leasehold Improvements [Member] | Other Income [Member] | Disposal Group, Not Discontinued Operations [Member]
Schedule of Equity Method Investments [Line Items]
Gain on sale of leasehold interests		$ 3

Derivative Instruments (Details

Derivative Instruments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Apr. 01, 2018	Dec. 31, 2017USD ($)
Interest Rate Derivatives [Abstract]
Number of interest rate swaps	3
Fair value	$ 1,400			$ 2,200
Aggregate notional amount	95,500			$ 96,200
Reclassification during next 12 months	300
Termination value	1,400
Interest Rate Swap [Member] | Other Comprehensive Income (Loss) [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain related to the effective portion recognized in other comprehensive income (loss)	402	$ 138
Interest Rate Swap [Member] | Interest Expense [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of loss related to the effective portion subsequently reclassified to interest expense	(16)	(186)
Amount of (loss) gain related to the ineffective portion recognized in interest expense	$ (27)	$ 22
Debt Repayment [Member] | Subsequent Event [Member]
Interest Rate Derivatives [Abstract]
Number of interest rate swaps			1

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Rental Payments (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
2018 (remaining)	$ 1,431,000
2,019	1,968,000
2,020	1,963,000
2,021	1,963,000
2,022	1,917,000
2023 and thereafter	33,776,000
Total	43,018,000
Other Expenses [Abstract]
Operating ground lease expense	$ 409,000	$ 311,000

Commitments and Contingencies69

Commitments and Contingencies - Loss Contingencies (Details) $ in Millions	Mar. 31, 2018USD ($)
Legal Matters [Abstract]
Loss Contingency, Pending Claims, Number	0
Other [Abstract]
Letter of credit obligations	$ 5.1

Commitments and Contingencies70

Commitments and Contingencies - Supply Commitments (Details) $ in Thousands, ft² in Millions	3 Months Ended
	Mar. 31, 2018USD ($)ft²bldgproperties	Dec. 31, 2017USD ($)
Supply Commitment [Line Items]
Development in progress	$ 373,154	$ 333,437
Building and Building Improvements [Member] | American Water Works, Inc [Member]
Supply Commitment [Line Items]
Fee development commitment	179,300
Costs incurred to date	125,900
Supply Commitment [Member] | Construction in Progress [Member]
Supply Commitment [Line Items]
Deferred leasing costs in development	$ 9,500
Construction in Progress [Member]
Supply Commitment [Line Items]
Leaseable square feet | ft²	6.9
Number of Real Estate Properties | properties	23
Total anticipated development cost	$ 560,800
Buildings and land parcels [Member]
Supply Commitment [Line Items]
Remaining amount committed or obligated to pay	12,400
Tenant Improvements [Member]
Supply Commitment [Line Items]
Tenant improvements not yet completed	19,100
Equity Method Investments [Member] | Supply Commitment [Member] | Construction in Progress [Member]
Supply Commitment [Line Items]
Remaining amount committed or obligated to pay	$ 248,700
Equity Method Investments [Member] | Construction in Progress [Member] | Construction in Progress [Member]
Supply Commitment [Line Items]
Number of Real Estate Properties | bldg	3

Commitments and Contingencies71

Commitments and Contingencies - Purchase Commitments (Details) $ in Millions	Mar. 31, 2018USD ($)
Land and Land Improvements [Member] | Land Purchases [Member]
Long-term Purchase Commitment [Line Items]
Remaining amount committed to future acquisitions	$ 68

Supplemental Disclosure to St72

Supplemental Disclosure to Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Continuing Operations [Member]
Other Significant Noncash Transactions [Line Items]
Write off of fully depreciated property and deferred costs	$ 6,903	$ 8,090
Write Off Of Depreciated Property And Deferred Costs Due To Sale	3,045	2,506
Change in accrued development capital expenditures	(153)	5,048
Unrealized gain (loss) on cash flow hedge, non cash transaction	385	313
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	185	604
Conversion of Stock, Amount Converted	0	27
Discontinued Operations [Member]
Other Significant Noncash Transactions [Line Items]
Write off of fully depreciated property and deferred costs	6	4,190
Write Off Of Depreciated Property And Deferred Costs Due To Sale	96,936	0
Change in accrued development capital expenditures	$ (1,889)	$ 2,373

Supplemental Disclosure to St73

Supplemental Disclosure to Statements of Cash Flows Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 30,380	$ 11,882	$ 36,535	$ 43,642
Restricted cash	9,366	13,803	10,680	12,383
Cash and cash equivalents and restricted cash	$ 39,746	$ 25,685	$ 47,215	$ 56,025