v3.26.1
Investments in Unconsolidated Entities and International Investments - Unconsolidated Property Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment in Unconsolidated Entities    
Total revenue $ 1,757,093 $ 1,473,012
Operating income (loss) before other items 762,163 727,616
Consolidated net income (loss) 568,535 477,860
Gain (loss) due to disposal, exchange, or revaluation of equity interests, net (6,379) (23,992)
TRG    
Investment in Unconsolidated Entities    
Total revenue   176,313
Operating income (loss) before other items   74,157
Consolidated net income (loss)   49,784
Our share of net income (loss)   44,120
Amortization of Excess Investment   (50,487)
Other Platform Investments    
Investment in Unconsolidated Entities    
Total revenue 2,253,797 2,391,468
Operating income (loss) before other items (343,080) (256,146)
Consolidated net income (loss) (385,681) (297,436)
Our share of net income (loss) (82,043) (61,130)
Amortization of Excess Investment $ (692) (692)
Jamestown    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 50.00%  
SPARC Group    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 33.30%  
Phoenix Retail, LLC    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 39.40%  
RGG    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 45.00%  
Catalyst    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 31.30%  
Gain (loss) due to disposal, exchange, or revaluation of equity interests, net $ (4,200) $ (24,000)
Catalyst | SPARC Group    
Investment in Unconsolidated Entities    
Ownership interest (as a percent) 25.00%