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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Real Estate Properties
As of June 30, 2024, the Company’s portfolio consisted of the following:
PropertiesSquare Footage
Operating retail properties(1)
178 27,607,987 
Office properties1 287,291 
Development and redevelopment projects:
Carillon medical office building1 126,000 
The Corner – IN(2)
1 24,000 
Hamilton Crossing Centre1 92,283 
Edwards Multiplex – Ontario1 124,614 
(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 June 30, 2024. Of the 178 operating retail properties, 175 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 June 30, 2024 and December 31, 2023 (in thousands):
Balance as of
June 30, 2024December 31, 2023
Land, buildings and improvements$7,475,763 $7,684,066 
Construction in progress70,353 55,995 
Investment properties, at cost$7,546,116 $7,740,061