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Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables) | 6 Months Ended
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Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Investment Properties | The composition of the Company’s investment properties as of June 30, 2021 and December 31, 2020 was as follows:
|  | Balance at
|  | June 30, 2021 |  | December 31, 2020
Investment properties, at cost: |  |  |  |
Land, buildings and improvements |  | $ | 3,103,206 |  |  | $ | 3,109,122 |
Furniture, equipment and other |  | 7,097 |  |  | 6,979 |
Construction in progress |  | 36,830 |  |  | 27,860 |
|  | $ | 3,147,133 |  |  | $ | 3,143,961 |
Schedule of Lease Rental Income | The Company recognized the following lease rental income for the three and six months ended June 30, 2021 and 2020:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Fixed Contractual Lease Payments - Operating Leases | 54,398 |  |  | 54,574 |  |  | 109,201 |  |  | 109,918 |
Variable Lease Payments - Operating Leases | 12,148 |  |  | 12,437 |  |  | 26,078 |  |  | 25,388 |
Bad Debt Reserve | (61) |  |  | (5,746) |  |  | (1,370) |  |  | (6,593) |
Straight-Line Rent Adjustment | 426 |  |  | 387 |  |  | 524 |  |  | 745 |
Straight-Line Rent Recovery (Reserve) for Uncollectability | 658 |  |  | (881) |  |  | 547 |  |  | (3,757) |
Amortization of In-Place Lease Liabilities, net | 421 |  |  | 767 |  |  | 900 |  |  | 1,365 |
Total | 67,990 |  |  | 61,538 |  |  | 135,880 |  |  | 127,066 |
Schedule of Stockholders Equity | The non-redeemable noncontrolling interests in consolidated properties for the six months ended June 30, 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 June 30 | $ | 698 |  |  | $ | 698 |
Schedule of Weighted Average Interests of Parent and OP | For the three and six months ended June 30, 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 June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Parent Company’s weighted average interest in Operating Partnership | 97.2 | % |  | 97.4 | % |  | 97.1 | % |  | 97.4 | %
Limited partners' weighted average interests in Operating Partnership | 2.8 | % |  | 2.6 | % |  | 2.9 | % |  | 2.6 | %
Schedule of Redeemable Noncontrolling Interests | The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the six months ended June 30, 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 | 926 |  |  | 188 |
Distributions declared to redeemable noncontrolling interests | (1,065) |  |  | (974) |
Other, net including adjustments to redemption value | 14,231 |  |  | (7,159) |
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at June 30 | $ | 57,367 |  |  | $ | 44,629 |
Limited partners' interests in Operating Partnership | $ | 47,297 |  |  | $ | 34,559 |
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 June 30 | $ | 57,367 |  |  | $ | 44,629 |

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