v3.26.1
ORGANIZATION AND BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Real Estate Properties
As of June 30, 2026, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail/mixed-use properties155 23,823,958 
Operating retail/mixed-use properties unconsolidated joint ventures
2,146,891 
Total operating retail/mixed-use properties(1)
163 25,970,849 
Standalone office properties(2)
413,221 
Development and redevelopment projects:
One Loudoun Expansion— 119,000 
One Loudoun Phase 2 Apartments— — 
Hamilton Crossing Centre— 
Edwards Multiplex – Ontario124,614 
(1)Included within the operating retail/mixed-use properties are 11 properties that contain an office component. Excludes Eastgate Crossing, a 152,682 square foot multi-tenant retail property in the Durham-Chapel Hill metropolitan statistical area (“MSA”) that was reclassified from our operating portfolio in September 2025 due to significant disruption caused by severe flooding as a result of Tropical Storm Chantal.
(2)Standalone office properties include the Company’s headquarters at 30 South Meridian and the Carillon medical office building.
The following table summarizes the composition of the Company’s investment properties as of June 30, 2026 and December 31, 2025 (in thousands):
June 30, 2026December 31, 2025
Land, buildings and improvements$6,783,659 $6,938,588 
Construction in progress65,651 64,891 
Investment properties, at cost$6,849,310 $7,003,479