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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
12 Months Ended
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Investment Properties
As of December 31, 2023, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail properties(1)
180 28,108,490 
Office properties287,291 
Development and redevelopment projects:
Carillon medical office building126,000 
The Corner – IN24,000 
Hamilton Crossing Centre92,283 
Edwards Multiplex – Ontario124,614 
(1)Included within operating retail properties are 10 properties that contain an office component. 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 December 31, 2023 and 2022 (in thousands):
Balance as of December 31,
20232022
Land, buildings and improvements$7,684,066 $7,656,765 
Construction in progress55,995 75,808 
Investment properties, at cost$7,740,061 $7,732,573