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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
3 Months Ended
Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Property Ownership
As of March 31, 2023, the Company’s portfolio consisted of the following (square footage in thousands):
PropertiesSquare Footage
Operating retail properties(1)
181 28,545 
Office properties287 
Development and redevelopment projects:
The Landing at Tradition – Phase II(2)
— 40 
Carillon medical office building126 
The Corner (IN)24 
(1)Included within operating retail properties are 11 properties that contain an office component. Excludes one operating retail property classified as held for sale as of March 31, 2023. Of the 181 operating retail properties, 178 are consolidated in these financial statements and the remaining three are accounted for under the equity method.
(2)The operating portion of this property is included within the property count for operating retail properties.
The following table summarizes the composition of the Company’s investment properties as of March 31, 2023 and December 31, 2022 (in thousands):
Balance as of
March 31, 2023December 31, 2022
Land, buildings and improvements$7,625,276 $7,656,765 
Construction in progress94,401 75,808 
Investment properties, at cost$7,719,677 $7,732,573