ORGANIZATION AND BASIS OF PRESENTATION (Tables)

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

As of September 30, 2025, the Company’s portfolio consisted of the following:


	Properties	Square Footage
Operating retail/mixed-use properties	170	27,107,028
Operating retail/mixed-use properties – unconsolidated joint ventures	8	2,146,865
Total operating retail/mixed-use properties(1)	178	29,253,893
Standalone office properties(2)	2	412,812
Development and redevelopment projects:
One Loudoun Expansion	—	119,000
Hamilton Crossing Centre	1	—
Edwards Multiplex – Ontario	1	124,614

(1)Included within the operating retail/mixed-use properties are 11 properties that contain an office component. Excludes one operating retail property classified as held for sale as of September 30, 2025, as well as Eastgate Crossing, a 152,682 square foot multi-tenant retail property in the Durham-Chapel Hill metropolitan statistical area (“MSA”) that was reclassified from our operating portfolio in September 2025 due to significant disruption caused by severe flooding as a result of Tropical Storm Chantal.

(2)Standalone office properties include the Company’s headquarters at 30 South Meridian and the Carillon medical office building, which was reclassified from active redevelopment into our office portfolio in December 2024.

The following table summarizes the composition of the Company’s investment properties as of September 30, 2025 and December 31, 2024 (in thousands):


	September 30, 2025		December 31, 2024
Land, buildings and improvements	$	7,360,431	$	7,591,036
Construction in progress	57,485		43,155
Investment properties, at cost	$	7,417,916	$	7,634,191