Investments in Unconsolidated Real Estate Ventures - Financial Information - Table (Details) - USD ($) |
3 Months Ended | 6 Months Ended | |||
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Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
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Investments in Unconsolidated Real Estate Ventures | |||||
Gain (loss) on sale of real estate | $ 41,832,000 | $ 89,000 | $ 42,369,000 | $ 286,000 | |
Combined balance sheet information: | |||||
Real estate, net | 3,775,688,000 | 3,775,688,000 | $ 4,111,459,000 | ||
Other assets, net | 117,076,000 | 117,076,000 | 131,318,000 | ||
TOTAL ASSETS | 4,549,295,000 | 4,549,295,000 | 5,020,540,000 | ||
Mortgage loans, net | 1,540,670,000 | 1,540,670,000 | 1,767,173,000 | ||
Other liabilities, net | 116,109,000 | 116,109,000 | 115,827,000 | ||
Total liabilities | 2,683,299,000 | 2,683,299,000 | 2,787,850,000 | ||
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 4,549,295,000 | 4,549,295,000 | 5,020,540,000 | ||
Combined income statement information: | |||||
Total revenue | 126,479,000 | 135,320,000 | 247,165,000 | 280,504,000 | |
Net loss | (23,181,000) | (33,414,000) | (76,879,000) | (75,604,000) | |
Investments in unconsolidated real estate ventures | |||||
Combined balance sheet information: | |||||
Real estate, net | 421,136,000 | 421,136,000 | 424,170,000 | ||
Other assets, net | 62,221,000 | 62,221,000 | 64,478,000 | ||
TOTAL ASSETS | 483,357,000 | 483,357,000 | 488,648,000 | ||
Mortgage loans, net | 230,569,000 | 230,569,000 | 229,205,000 | ||
Other liabilities, net | 23,777,000 | 23,777,000 | 27,019,000 | ||
Total liabilities | 254,346,000 | 254,346,000 | 256,224,000 | ||
Total equity | 229,011,000 | 229,011,000 | 232,424,000 | ||
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | 483,357,000 | 483,357,000 | $ 488,648,000 | ||
Combined income statement information: | |||||
Total revenue | 8,266,000 | 7,912,000 | 16,578,000 | 21,194,000 | |
Operating income | 5,285,000 | 1,414,000 | 6,648,000 | 5,938,000 | |
Net loss | 1,340,000 | $ (2,511,000) | (1,087,000) | (1,867,000) | |
Prudential Global Investment Management ("PGIM") | Central Place Tower | Disposal Group, Disposed of by Sale, Not Discontinued Operations | |||||
Investments in Unconsolidated Real Estate Ventures | |||||
Gain (loss) on sale of real estate | $ 894,000 | ||||
Investments in unconsolidated real estate ventures | Disposal Group, Disposed of by Sale, Not Discontinued Operations | |||||
Investments in Unconsolidated Real Estate Ventures | |||||
Gain (loss) on sale of real estate | $ 3,000,000 | $ 3,000,000 |
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- Definition Amount of asset recognized for present right to economic benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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