v3.25.2
Unconsolidated Affiliates and Noncontrolling Interests -Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
ASSETS:                
Investment in real estate assets [1] $ 2,067,496   $ 2,067,496     $ 2,093,385    
Accumulated depreciation [1] (314,093)   (314,093)     (283,785)    
Net investment in real estate assets [1] 1,753,403   1,753,403     1,809,600    
Developments in progress [1] 7,757   7,757     5,817    
Net investment in real estate assets [1] 1,794,294   1,794,294     1,871,492    
Total assets [1] 2,603,007   2,603,007     2,747,191    
LIABILITIES:                
Mortgage and other indebtedness, net 2,139,776   2,139,776     2,212,680    
Total liabilities [1] 2,325,494   2,325,494     2,434,327    
OWNERS' EQUITY:                
The Company 289,387   289,387     323,546    
Noncontrolling interests (11,874)   (11,874)     (10,682)    
Total equity 277,513 $ 298,986 277,513 $ 298,986 $ 283,762 312,864 $ 314,850 $ 330,617
Total liabilities, redeemable noncontrolling interests and equity 2,603,007   2,603,007     2,747,191    
Total revenues [2],[3] 140,905 129,665 282,673 258,782        
Net income 2,158 4,291 10,545 3,817        
Unconsolidated Affiliates                
ASSETS:                
Investment in real estate assets 1,282,281   1,282,281     1,284,494    
Accumulated depreciation (592,047)   (592,047)     (576,289)    
Net investment in real estate assets 690,234   690,234     708,205    
Developments in progress 39,774   39,774     32,114    
Net investment in real estate assets 730,008   730,008     740,319    
Other assets 137,871   137,871     156,363    
Total assets 867,879   867,879     896,682    
LIABILITIES:                
Mortgage and other indebtedness, net 733,716   733,716     780,536    
Other liabilities 24,501   24,501     36,253    
Total liabilities 758,217   758,217     816,789    
OWNERS' EQUITY:                
The Company 75,635   75,635     76,607    
Noncontrolling interests 34,027   34,027     3,286    
Total equity 109,662   109,662     79,893    
Total liabilities, redeemable noncontrolling interests and equity 867,879   867,879     $ 896,682    
Total revenues 43,636 63,875 88,838 127,872        
Net income [4] $ 9,556 $ 28,328 $ 52,546 $ 34,592        
[1] As of June 30, 2025, includes $167,278 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $210,970 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.
[2] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[3] Sales taxes are excluded from revenues.
[4] The Company's pro rata share of net income was $6,437 and $7,148 for the three months ended June, 2025 and 2024, respectively. The Company's pro rata share of net income was $13,350 and $11,742 for the six months ended June 30, 2025 and 2024, respectively.