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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Property Ownership
As of September 30, 2023, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail properties(1)
180 28,290,147 
Office properties287,291 
Development and redevelopment projects:
Carillon medical office building126,000 
The Corner (IN)24,000 
Hamilton Crossing Centre92,283 
Edwards Multiplex – Ontario124,614 
(1)Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2023. Of the 180 operating retail properties, 177 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 September 30, 2023 and December 31, 2022 (in thousands):
Balance as of
September 30, 2023December 31, 2022
Land, buildings and improvements$7,643,839 $7,656,765 
Construction in progress64,569 75,808 
Investment properties, at cost$7,708,408 $7,732,573