v3.26.1
Mortgage and Other Indebtedness, Net - Narrative (Details) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended
Jul. 01, 2025
May 31, 2026
Apr. 30, 2026
May 31, 2025
Feb. 28, 2025
Jan. 31, 2025
Mar. 31, 2026
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net               $ 2,034,011,000   $ 2,170,785,000
Fair value net liability               0    
Payments to acquire real estate               43,761,000 $ 6,158,000  
Non-recourse loan amount               2,034,011,000   2,170,785,000
Loss on extinguishment of debt               (0) $ (217,000)  
Non-recourse open-air centers and outparcels loan               281,760,000   753,102,000
Gain recognized in other comprehensive income (loss)               185,000    
Long-Term Debt, Maturity, Remainder of Fiscal Year [1]               180,344,000    
Principal balance of a loan   $ 9,719,000           161,959,000 [2]    
Interest Rate Swap                    
Debt Instrument [Line Items]                    
Cash collateral               1,920,000    
Principal Balances of Loans Secured by Volusia Mall and West County Center                    
Debt Instrument [Line Items]                    
Long-Term Debt, Maturity, Remainder of Fiscal Year               169,985,000    
Fayette Mall                    
Debt Instrument [Line Items]                    
Option extension term of debt instrument       1 year            
Cross Creek Mall                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net $ 78,000,000                  
Loan, fixed interest rate 6.86%                  
Non-recourse loan amount $ 78,000,000                  
Debt instrument, term 5 years                  
Loan agreement term 5 years                  
Volusia Mall                    
Debt Instrument [Line Items]                    
Debt instrument, maturity date   Oct. 31, 2026                
Outlet Shoppes at Gettysburg                    
Debt Instrument [Line Items]                    
Principal balance of a loan   $ 19,438,000                
Debt instrument, maturity date   Oct. 31, 2025                
2032 Non-Recourse Bank Loan                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net               $ 1,711,536,000    
Loan, fixed interest rate               7.70%    
Non-recourse loan amount               $ 1,711,536,000    
Non-recourse open-air centers and outparcels loan [3]               $ 75,000,000   $ 75,000,000
Long-term debt subject to customary cross-default provisions             $ 442,956,000      
2032 Non-Recourse Bank Loan | Interest Rate Swap                    
Debt Instrument [Line Items]                    
Loan, fixed interest rate               7.3975%    
Open Air Centers And Outparcels Loan [Member]                    
Debt Instrument [Line Items]                    
Payments to acquire real estate           $ 7,107,000        
Secured Term Loan                    
Debt Instrument [Line Items]                    
Loan amount paid         $ 41,116,000          
Secured Term Loan | U.S Treasury Securities                    
Debt Instrument [Line Items]                    
Loan amount paid             634,009,000      
Non-recourse Secured Mall Loan Due 2031                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net             $ 425,000,000      
Loan, fixed interest rate             7.40%      
Non-recourse loan amount             $ 425,000,000      
Debt instrument, term             5 years      
Loan agreement term             5 years      
Non-recourse Secured Lifestyle Centers Loan Due 2032                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net             $ 176,080,000      
Loan, basis spread rate             410.00%      
Non-recourse loan amount             $ 176,080,000      
Debt instrument, term             5 years      
Non-recourse open-air centers and outparcels loan               $ 176,080,000    
Loan agreement term             5 years      
Non-recourse Secured Lifestyle Centers Loan Due 2032 | Minimum                    
Debt Instrument [Line Items]                    
Option extension term of debt instrument             2 years      
Non-recourse Secured Lifestyle Centers Loan Due 2032 | Maximum                    
Debt Instrument [Line Items]                    
Option extension term of debt instrument             1 year      
Non-recourse Secured Term Loan                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net             $ 21,000,000      
Loan, fixed interest rate             6.46%      
Non-recourse loan amount             $ 21,000,000      
Debt instrument, term             5 years      
Loan agreement term             5 years      
Non-recourse Secured Term Loan | Fayette Mall                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net   $ 97,500,000                
Loan, fixed interest rate   7.25%                
Non-recourse loan amount   $ 97,500,000                
Debt instrument, term   5 years                
Loan agreement term   5 years                
Non-recourse Secured Term Loan | Northwoods Mall                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net     $ 43,000,000              
Loan, fixed interest rate     9.12%              
Non-recourse loan amount     $ 43,000,000              
Debt instrument, term     5 years              
Loan agreement term     5 years              
Non-recourse Secured Term Loan | Hamilton Place                    
Debt Instrument [Line Items]                    
Mortgage and other indebtedness, net   $ 71,900,000                
Loan, fixed interest rate   6.85%                
Non-recourse loan amount   $ 71,900,000                
Debt instrument, term   5 years                
Loan agreement term   5 years                
[1] Reflects scheduled principal amortization for the period July 1, 2026 through December 31, 2026.
[2] Represents the aggregate principal balance as of June 30, 2026 of the loans secured by Arbor Place, Parkdale Mall and Parkdale Crossing and The Outlet Shoppes at Laredo, which are in default. The loan secured by Parkdale Mall and Parkdale Crossing matured in March 2026 and had a balance of $48,285 as of June 30, 2026. The loan secured by Arbor Place matured in May 2026 and had a balance of $82,994 as of June 30, 2026. The loan secured by The Outlet Shoppes at Laredo matured in June 2026 and had a balance of $30,680 as of June 30, 2026. The Company anticipates returning Parkdale Mall and Parkdale Crossing and Arbor Place to the lenders in satisfaction of the debt. Subsequent to June 30, 2026, the loan secured by The Outlet Shoppes at Laredo was extended through November 2026. See Note 15.
[3] The interest rate is a fixed 7.70% for $367,956 of the outstanding loan balance through July 2030, with the remaining loan balance bearing a variable interest rate based on the 30-day SOFR plus 4.10%. The full principal balance will convert to a variable rate after July 2030. The Operating Partnership has an interest rate swap on a notional amount of $32,000 related to the variable portion of the loan to effectively fix the interest rate at 7.3975%.