v3.26.1
Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income (loss) $ 22,830 $ (20,942) $ 161,941 $ (32,599)
Adjustment of redeemable non-controlling interest to estimated redemption value (3,868)   (5,661) (0)
Reclassification of realized interest expense on swap agreements 1,772 3,542 3,565 7,463
Noncontrolling interest contributions 1,732 377 1,738 8,368
Noncontrolling interest distributions (33,108) (4,875) (195,943) (9,674)
Employee Long-term Incentive Plan Unit Awards 3,353 3,035 9,764 5,650
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 358,497 464,786 394,671 436,017
Distributions declared per Common OP Unit (1,621) (1,447) (3,242) (2,891)
Net income (loss) 12,773 (21,181) 122,105 (32,777)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (451) (395) (751) (2,113)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements 944 (575) 2,585 (2,533)
Consolidation of previously unconsolidated investment     0 29,573
Adjustment of redeemable non-controlling interest to estimated redemption value 0   0  
Acquisition of noncontrolling interest 0   0  
Reclassification of realized interest expense on swap agreements (166) (600) (187) (1,262)
City Point Loan accrued interest 0 0 0 0
Noncontrolling interest contributions 1,732 377 1,738 8,368
Noncontrolling interest distributions (33,108) (4,875) (195,943) (9,674)
Employee Long-term Incentive Plan Unit Awards 3,064 2,969 9,359 5,446
Reallocation of noncontrolling interests [1] (1,963) (2,026) 9,366 8,879
Ending Balance 339,701 437,033 339,701 437,033
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [2] 248,659 369,158 302,189 350,287
Distributions declared per Common OP Unit [2] 0 0 0 0
Net income (loss) [2] 12,216 (21,356) 120,049 (33,100)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [2] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [2] 685 (274) 2,173 (1,776)
Consolidation of previously unconsolidated investment [2]     0 29,573
Adjustment of redeemable non-controlling interest to estimated redemption value [2] 0   0  
Acquisition of noncontrolling interest [2]     0  
Reclassification of realized interest expense on swap agreements [2] (165) (596) (187) (1,244)
City Point Loan accrued interest [2] 0 0 0 0
Noncontrolling interest contributions [2] 1,732 377 1,738 8,368
Noncontrolling interest distributions [2] (33,108) (4,875) (195,943) (9,674)
Employee Long-term Incentive Plan Unit Awards [2] 0 0 0 0
Reallocation of noncontrolling interests [1],[2] 0 0 0 0
Ending Balance [2] 230,019 342,434 230,019 342,434
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [3] 109,838 95,628 92,482 85,730
Distributions declared per Common OP Unit [3] (1,621) (1,447) (3,242) (2,891)
Net income (loss) [3] 557 175 2,056 323
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [3] (451) (395) (751) (2,113)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [3] 259 (301) 412 (757)
Consolidation of previously unconsolidated investment [3]     0 0
Adjustment of redeemable non-controlling interest to estimated redemption value [3] 0   0  
Acquisition of noncontrolling interest [3] 0   0  
Reclassification of realized interest expense on swap agreements [3] (1) (4) 0 (18)
City Point Loan accrued interest [3] 0 0 0 0
Noncontrolling interest contributions [3] 0 0 0 0
Noncontrolling interest distributions [3] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [3] 3,064 2,969 9,359 5,446
Reallocation of noncontrolling interests [1],[3] (1,963) (2,026) 9,366 8,879
Ending Balance [3] 109,682 94,599 109,682 94,599
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [4] 8,457 25,897 9,113 30,583
Distributions declared per Common OP Unit [4] 0 0 0 0
Net income (loss) [4] (981) (1,724) (1,679) (3,393)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [4] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [4] 0 0 0 0
Consolidation of previously unconsolidated investment [4]     0 0
Adjustment of redeemable non-controlling interest to estimated redemption value [4] 3,868   5,661  
Acquisition of noncontrolling interest [4] (8,627)   (8,627)  
Reclassification of realized interest expense on swap agreements [4] 0 0 0 0
City Point Loan accrued interest [4] (2,373) (3,009) (4,119) (6,026)
Noncontrolling interest contributions [4] 4,155 10 4,155 10
Noncontrolling interest distributions [4] 0 0 (5) 0
Employee Long-term Incentive Plan Unit Awards [4] 0 0 0 0
Reallocation of noncontrolling interests [1],[4] 0 0 0 0
Ending Balance [4] $ 4,499 $ 21,174 $ 4,499 $ 21,174
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[2] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and nine other subsidiaries.
[3] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,285,342 and 2,054,386 Common OP Units as of June 30, 2026 and 2025; (ii) 188 Series A Preferred OP Units as of June 30, 2026 and 2025; (iii) 66,519 Series C Preferred OP Units as of June 30, 2025, with none outstanding as of June 30, 2026; and (iv) 6,180,693 and 5,248,423 LTIP units as of June 30, 2026 and 2025, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
[4] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.