v3.25.1
Investment in Unconsolidated Real Estate Entities - Schedule of Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
ASSETS        
Investment in real estate, net $ 6,356,453 $ 6,442,178    
TOTAL ASSETS 7,998,391 8,132,239    
Liabilities        
Total liabilities 4,903,235 4,954,508    
Total equity 3,038,385 3,118,637 $ 3,388,564 $ 3,494,172
TOTAL LIABILITIES AND CAPITAL 7,998,391 8,132,239    
VIE, not primary beneficiary        
ASSETS        
Investment in real estate, net 1,103,075 1,089,951    
Other assets 41,270 41,177    
TOTAL ASSETS 1,144,345 1,131,128    
Liabilities        
Secured debt, net 448,341 447,581    
Other liabilities 51,602 49,115    
Total liabilities 499,943 496,696    
Company’s capital 197,450 193,732    
Partners’ capital 446,952 440,700    
Total equity 644,402 634,432    
TOTAL LIABILITIES AND CAPITAL $ 1,144,345 $ 1,131,128