XML 68 R49.htm IDEA: XBRL DOCUMENT v3.25.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)
 1 Months Ended 12 Months Ended
Jan. 31, 2024
USD ($)
unit
Aug. 31, 2024
USD ($)
Jan. 31, 2024
USD ($)
unit
Oct. 31, 2022
USD ($)
Sep. 30, 2021
USD ($)
May 31, 2020
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2024
USD ($)
property
jointVenture
shares
Dec. 31, 2023
USD ($)
property
shares
Dec. 31, 2022
USD ($)
Dec. 31, 2021
jointVenture
Dec. 31, 2014
jointVenture
Jul. 31, 2024
Jun. 29, 2018
USD ($)
property
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Number of real estate properties held for sale | property               1 0          
Variable interest entity, number of entities | jointVenture               2            
Assets of VIEs               $ 7,091,767,000 $ 6,944,078,000          
Number of investments in unconsolidated joint ventures | jointVenture               4            
Payments to acquire equity method investments               $ 13,185,000 0 $ 125,000        
Gain on sales of operating properties               (864,000) 22,601,000 27,069,000        
Gain on sale of unconsolidated property, net               2,325,000 0 0        
Distribution from unconsolidated joint venture               1,618,000 0 1,245,000        
Investment in short-term deposits               $ 615,000,000 $ 0 $ 0        
Provision for credit losses, net of recoveries as percent of revenue (as a percent)               0.60% 0.30% 0.70%        
Limited partners' capital account, units outstanding (in shares) | shares               4,192,597 3,512,868          
January 2024 Deposits                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Investment in short-term deposits     $ 265,000,000                      
Short-term investments, interest rate (as a percent) 5.34%   5.34%                      
Interest income, nonoperating               $ 6,300,000            
August 2024 Deposits                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Investment in short-term deposits   $ 350,000,000                        
Short-term investments, interest rate (as a percent)   5.05%                        
Interest income, nonoperating               $ 6,600,000            
Capital Unit, Class B                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Number of joint ventures in which units are issued | jointVenture                       3    
Number of joint ventures in which units are issued, noncontrolling interest | jointVenture                     1      
Amount of joint venture redemption       $ 9,700,000                    
One Loudoun Downtown - Pads G & H Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Noncontrolling interest, ownership percentage by parent (as a percent)               90.00%            
Operating Partnership                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Noncontrolling interest, ownership percentage by parent (as a percent)               98.10% 98.40%          
Noncontrolling interest, ownership percentage by noncontrolling owners (as a percent)               1.90% 1.60%          
Other property-related revenue                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Gain on sales of other real estate               $ 4,400,000 $ 1,700,000 $ 4,500,000        
Three Property Retail Portfolio Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Ownership percentage in equity method investment (as a percent)                           20.00%
Three Property Retail Portfolio Joint Venture | Livingston Shopping Center, Plaza Volente, and Tamiami Crossing                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Number of real estate properties | property                           3
Consideration received                           $ 99,800,000
Equity method investment                           $ 10,000,000.0
Embassy Suites at Eddy St. Commons Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Ownership percentage in equity method investment (as a percent)             35.00% 35.00%         35.00%  
Payments to acquire equity method investments             $ 1,400,000              
Repayment of construction loan               $ 10,200,000            
Embassy Suites at Eddy St. Commons Joint Venture | Construction loan payable | Co-venturer                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Debt instrument, face amount               33,800,000            
Glendale Multifamily Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Ownership percentage in equity method investment (as a percent)           12.00%                
Gain on sales of operating properties $ 20,200,000                          
Gain on sale of unconsolidated property, net               2,300,000            
Distribution from unconsolidated joint venture               1,600,000            
Glendale Multifamily Joint Venture | Multifamily                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Number of multifamily rental units | unit 267   267                      
Buckingham Mixed-Use Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Ownership percentage in equity method investment (as a percent)         50.00%                  
VIE                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Mortgage debt of VIEs               109,700,000            
Assets of VIEs               $ 218,000,000            
Building and improvements | Minimum                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Property, plant and equipment, useful life (in years)               10 years            
Building and improvements | Maximum                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Property, plant and equipment, useful life (in years)               35 years            
Fixtures and leasehold improvements | Minimum                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Property, plant and equipment, useful life (in years)               5 years            
Fixtures and leasehold improvements | Maximum                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Property, plant and equipment, useful life (in years)               10 years            
Land | Glendale Multifamily Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Contribution of property           $ 1,600,000                
Land | Buckingham Mixed-Use Joint Venture                            
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                            
Contribution of property         $ 4,000,000