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Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables) | 3 Months Ended
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Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Investment Properties | The composition of the Company’s investment properties as of March 31, 2021 and December 31, 2020 was as follows:
|  | Balance at
|  | March 31, 2021 |  | December 31, 2020
Investment properties, at cost: |  |  |  |
Land, buildings and improvements |  | $ | 3,103,198 |  |  | $ | 3,109,122 |
Furniture, equipment and other |  | 6,964 |  |  | 6,979 |
Construction in progress |  | 27,368 |  |  | 27,860 |
|  | $ | 3,137,530 |  |  | $ | 3,143,961 |
Schedule of Lease Rental Income | The Company recognized the following lease rental income for the three months ended March 31, 2021 and 2020:
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Fixed Contractual Lease Payments - Operating Leases | 54,803 |  |  | 55,345 |  |  |  |  |
Variable Lease Payments - Operating Leases | 13,929 |  |  | 12,949 |  |  |  |  |
Bad Debt Reserve | (1,309) |  |  | (847) |  |  |  |  |
Straight-Line Rent Adjustment | 98 |  |  | 358 |  |  |  |  |
Straight-Line Rent Reserve for Uncollectability | (110) |  |  | (2,876) |  |  |  |  |
Amortization of In-Place Lease Liabilities, net | 479 |  |  | 598 |  |  |  |  |
Total | 67,890 |  |  | 65,527 |  |  |  |  |
Schedule of Stockholders Equity | The non-redeemable noncontrolling interests in consolidated properties for the three months ended March 31, 2021 and 2020 were as follows:
| 2021 |  | 2020
Noncontrolling interests balance January 1 | $ | 698 |  |  | $ | 698 |
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests | — |  |  | — |
Noncontrolling interests balance at March 31 | $ | 698 |  |  | $ | 698 |
Schedule of Weighted Average Interests of Parent and OP | For the three months ended March 31, 2021 and 2020, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows:
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |
Parent Company’s weighted average interest in Operating Partnership | 97.1 | % |  | 97.5 | % |  |  |  |
Limited partners' weighted average interests in Operating Partnership | 2.9 | % |  | 2.5 | % |  |  |  |
Schedule of Redeemable Noncontrolling Interests | The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the three months ended March 31, 2021 and 2020 were as follows:
| 2021 |  | 2020
Redeemable noncontrolling interests balance January 1 | $ | 43,275 |  |  | $ | 52,574 |
Net income allocable to redeemable noncontrolling interests | 778 |  |  | 204 |
Distributions declared to redeemable noncontrolling interests | (511) |  |  | (842) |
Other, net including adjustments to redemption value | 8,463 |  |  | (7,192) |
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at March 31 | $ | 52,005 |  |  | $ | 44,744 |
Limited partners' interests in Operating Partnership | $ | 41,935 |  |  | $ | 34,674 |
Other redeemable noncontrolling interests in certain subsidiaries | 10,070 |  |  | 10,070 |
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at March 31 | $ | 52,005 |  |  | $ | 44,744 |

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