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Basis of Presentation, Consolidation, Investments in Joint Ventures, and Noncontrolling Interests (Tables)

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Investment Properties

The composition of the Company’s investment properties as of September 30, 2021 and December 31, 2020 was as follows:

						Balance at
						September 30, 2021						December 31, 2020
Investment properties, at cost:
Land, buildings and improvements						$	3,094,966					$	3,109,122
Furniture, equipment and other						7,374						6,979
Construction in progress						22,647						27,860
						$	3,124,987					$	3,143,961

Schedule of Lease Rental Income

The Company recognized the following lease rental income for the three and nine months ended September 30, 2021 and 2020:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Fixed Contractual Lease Payments - Operating Leases			$	54,894					$	54,301					$	164,095					$	164,219
Variable Lease Payments - Operating Leases			12,461						12,824						38,540						38,244
Bad Debt Recovery (Reserve)			1,709						(3,136)						338						(9,760)
Straight-Line Rent Adjustment			585						256						1,109						1,001
Straight-Line Rent Recovery (Reserve) for Uncollectability			39						(507)						587						(4,264)
Amortization of In-Place Lease Liabilities, net			528						555						1,428						1,919
Total			$	70,216					$	64,293					$	206,097					$	191,359

Schedule of Stockholders Equity

The non-redeemable noncontrolling interests in consolidated properties for the nine months ended September 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 September 30			$	698					$	698

Schedule of Weighted Average Interests of Parent and OP

For the three and nine months ended September 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 September 30,												Nine Months Ended September 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 nine months ended September 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			1,058						148
Distributions declared to redeemable noncontrolling interests			(1,639)						(1,222)
Other, net including adjustments to redemption value			10,587						(7,060)
Total limited partners' interests in Operating Partnership and other redeemable noncontrolling interests balance at September 30			$	53,281					$	44,440
Limited partners' interests in Operating Partnership			$	43,211					$	34,370
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 September 30			$	53,281					$	44,440

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