v3.25.2
ORGANIZATION AND BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Real Estate Properties
As of June 30, 2025, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail/mixed-use properties171 27,256,979 
Operating retail/mixed-use properties unconsolidated joint ventures
2,146,707 
Total operating retail/mixed-use properties(1)
179 29,403,686 
Standalone office properties(2)
412,812 
Development and redevelopment projects:
One Loudoun Expansion— 119,000 
Hamilton Crossing Centre92,283 
Edwards Multiplex – Ontario124,614 
(1)Included within the operating retail/mixed-use properties are 11 properties that contain an office component. Excludes two operating retail properties classified as held for sale as of June 30, 2025.
(2)Standalone office properties include the Company’s headquarters at 30 South Meridian and the Carillon medical office building, which was reclassified from active redevelopment into our office portfolio in December 2024.
The following table summarizes the composition of the Company’s investment properties as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Land, buildings and improvements$7,381,763 $7,591,036 
Construction in progress41,261 43,155 
Investment properties, at cost$7,423,024 $7,634,191