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ORGANIZATION AND BASIS OF PRESENTATION (Tables)

3 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Property Ownership

As of March 31, 2024, the Company’s portfolio consisted of the following:

			Properties						Square Footage
Operating retail properties(1)			180						28,096,542
Office properties			1						287,291
Development and redevelopment projects:
Carillon medical office building			1						126,000
The Corner – IN(2)			1						24,000
Hamilton Crossing Centre			1						92,283
Edwards Multiplex – Ontario			1						124,614

(1)Included within operating retail properties are 10 properties that contain an office component. Of the 180 operating retail properties, 177 are consolidated within these financial statements and the remaining three are accounted for under the equity method.

(2)This property is held in an unconsolidated joint venture in which the Company has a 50% ownership interest.

The following table summarizes the composition of the Company’s investment properties as of March 31, 2024 and December 31, 2023 (in thousands):

			Balance as of
			March 31, 2024						December 31, 2023
Land, buildings and improvements			$	7,696,890					$	7,684,066
Construction in progress			61,482						55,995
Investment properties, at cost			$	7,758,372					$	7,740,061

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Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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