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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Property Ownership
As of June 30, 2023, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail properties(1)
181 28,590,350 
Office properties287,291 
Development and redevelopment projects:
Carillon medical office building126,000 
The Corner (IN)24,000 
(1)Included within operating retail properties are 11 properties that contain an office component. Of the 181 operating retail properties, 178 are consolidated in these financial statements and the remaining three are accounted for under the equity method.
The following table summarizes the composition of the Company’s investment properties as of June 30, 2023 and December 31, 2022 (in thousands):
Balance as of
June 30, 2023December 31, 2022
Land, buildings and improvements$7,589,842 $7,656,765 
Construction in progress80,523 75,808 
Investment properties, at cost$7,670,365 $7,732,573