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CONSOLIDATIONS, INVESTMENTS IN JOINT VENTURES AND NONCONTROLLING INTERESTS (Tables)
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Investment Properties
The following table summarizes the composition of the Company’s investment properties as of March 31, 2022 and December 31, 2021:
Balance as of
($ in thousands)March 31, 2022December 31, 2021
Land, buildings and improvements$7,581,145 $7,543,376 
Furniture, equipment and other7,674 7,612 
Construction in progress38,762 41,360 
Investment properties, at cost$7,627,581 $7,592,348 
Schedule of Lease Rental Income
Rental income related to the Company’s operating leases is comprised of the following for the three months ended March 31, 2022 and 2021:
Three Months Ended March 31,
20222021
Fixed contractual lease payments – operating leases$148,790 $54,803 
Variable lease payments – operating leases37,025 13,929 
Bad debt reserve(571)(1,309)
Straight-line rent adjustments4,093 98 
Straight-line rent reserve for uncollectibility(62)(110)
Amortization of in-place lease liabilities, net583 479 
Rental income$189,858 $67,890 
Schedule of Stockholders Equity The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the three months ended March 31, 2022 and 2021:
($ in thousands)20222021
Noncontrolling interests balance as of January 1,$5,146 $698 
Net loss allocable to noncontrolling interests, excluding redeemable noncontrolling interests12 — 
Noncontrolling interests balance as of March 31,$5,158 $698 
Schedule of Weighted Average Interests of Parent and OP For the three months ended March 31, 2022 and 2021, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows:
Three Months Ended March 31,
 20222021
Parent Company’s weighted average interest in Operating Partnership98.9 %97.1 %
Limited partners’ weighted average interests in Operating Partnership 1.1 %2.9 %
Schedule of Redeemable Noncontrolling Interests
The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the three months ended March 31, 2022 and 2021 were as follows:
($ in thousands)20222021
Redeemable noncontrolling interests balance as of January 1,$55,173 $43,275 
Net (loss) income allocable to redeemable noncontrolling interests(34)778 
Distributions declared to redeemable noncontrolling interests(584)(511)
Other, net including adjustments to redemption value5,821 8,463 
Total limited partners’ interests in Operating Partnership and other
redeemable noncontrolling interests balance as of March 31,
$60,376 $52,005 
Limited partners’ interests in Operating Partnership$50,306 $41,935 
Other redeemable noncontrolling interests in certain subsidiaries10,070 10,070 
Total limited partners’ interests in Operating Partnership and other
redeemable noncontrolling interests balance as of March 31,
$60,376 $52,005