v3.26.1
Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Income Statement (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Combined and Condensed Statements of Operations        
Total revenues $ 95,423 $ 100,592 $ 198,415 $ 204,986
Depreciation and amortization (35,162) (39,269) (75,317) (78,709)
Company's equity in earnings (losses) of unconsolidated affiliates 13,929 (4,191) 12,421 (5,904)
Unconsolidated Affiliates        
Combined and Condensed Statements of Operations        
Total revenues 55,962 29,016 99,987 61,142
Operating and other expenses (19,656) (10,981) (34,968) (23,230)
Interest expense (19,448) (10,713) (35,320) (22,163)
Depreciation and amortization (26,833) (13,622) (46,883) (26,474)
Gain on extinguishment of debt [1] 971 951 1,942 1,922
Gain (loss) on disposition of properties [2] 20,381 (1,030) 20,381 (1,030)
Net (loss) income attributable to unconsolidated affiliates 11,377 (6,379) 5,139 (9,833)
Operating Partnership, as General Partner or Managing Member        
Combined and Condensed Statements of Operations        
Company's share of equity in net (losses) earnings of unconsolidated affiliates 14,027 (4,093) 12,617 (5,708)
Basis differential amortization (98) (98) (196) (196)
Company's equity in earnings (losses) of unconsolidated affiliates $ 13,929 $ (4,191) $ 12,421 $ (5,904)
[1] Includes the gain on debt extinguishment related to the restructuring at 840 N. Michigan Avenue for the three and six months ended June 30, 2026 and 2025.
[2] Includes the gain on sale of 650 Bald Hill and Tri-City Plaza for the three and six months ended June 30, 2026 and the loss on the sale of Eden Square for the three and six months ended June 30, 2025.