XML 61 R51.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments in Unconsolidated Joint Ventures - Narrative (Details)
ft² in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 28, 2024
USD ($)
Jun. 27, 2024
USD ($)
May 14, 2024
USD ($)
Jan. 10, 2024
USD ($)
Dec. 27, 2023
USD ($)
ft²
Dec. 04, 2023
USD ($)
May 18, 2023
USD ($)
property
Apr. 25, 2023
USD ($)
Mar. 03, 2023
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Nov. 16, 2023
May 09, 2023
USD ($)
May 17, 2018
property
Schedule of Equity Method Investments                                    
Impairment loss                   $ 12,698,000   $ 70,000 $ 48,783,000 $ 666,000        
Ownership percentage (as a percent)                               49.90%    
Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                    
Schedule of Equity Method Investments                                    
Ownership percentage at completion of acquisition (as a percent)             100.00%                      
Joint Venture | Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                    
Schedule of Equity Method Investments                                    
Impairment loss             $ 51,363,000                      
Number of properties (property) | property             5                      
Purchase price             $ 46,687,000                      
Ownership percentage at completion of acquisition (as a percent)             100.00%                      
Joint Venture | Arrowhead Towne Center                                    
Schedule of Equity Method Investments                                    
Ownership percentage at completion of acquisition (as a percent)     100.00%                              
Joint Venture | South Plains Mall                                    
Schedule of Equity Method Investments                                    
Ownership percentage at completion of acquisition (as a percent)     100.00%                              
Joint Venture | Third Party | Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                    
Schedule of Equity Method Investments                                    
Ownership percentage (as a percent)             50.00%                      
Joint Venture | Third Party | Arrowhead Towne Center                                    
Schedule of Equity Method Investments                                    
Ownership percentage (as a percent)     40.00%                              
Purchase price     $ 36,447,000                              
Joint Venture | Third Party | South Plains Mall                                    
Schedule of Equity Method Investments                                    
Ownership percentage (as a percent)     40.00%                              
Scottsdale Fashion Square | Joint Venture                                    
Schedule of Equity Method Investments                                    
Repayments of debt                 $ 403,931,000                  
Debt issued                 $ 700,000,000                  
Interest rate on debt (as a percent)                 6.21%                  
Deptford Mall                                    
Schedule of Equity Method Investments                                    
Repayments of debt               $ 5,100,000                    
Deptford Mall | Joint Venture                                    
Schedule of Equity Method Investments                                    
Repayments of debt               $ 10,000,000                    
Interest rate on debt (as a percent)               3.73%                    
Debt instrument term (in years)               3 years                    
Country Club Plaza                                    
Schedule of Equity Method Investments                                    
Debt instrument, default amount                                 $ 147,605,000  
Debt extinguished $ 147,735,000                                  
Country Club Plaza | Joint Venture                                    
Schedule of Equity Method Investments                                    
Debt instrument, default amount                                 $ 295,210,000  
Impairment loss                             $ 100,997,000      
Proceeds from sale of building 175,600,000                                  
Debt extinguished $ 295,470,000                                  
Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square | Joint Venture                                    
Schedule of Equity Method Investments                                    
Impairment loss                   $ 53,690,000                
Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square | Joint Venture | Seritage                                    
Schedule of Equity Method Investments                                    
Number of properties (property) | property                                   5
Tysons Corner LLC | Joint Venture                                    
Schedule of Equity Method Investments                                    
Repayments of debt           $ 666,465,000                        
Debt issued           $ 710,000,000                        
Tysons Corner LLC | Joint Venture | Fixed Rate Residential Mortgage                                    
Schedule of Equity Method Investments                                    
Interest rate on debt (as a percent)           6.60%                        
Office Property in Los Angeles                                    
Schedule of Equity Method Investments                                    
Repayments of debt         $ 324,632,000                          
Proceeds from sale of building         $ 77,643,000                          
Ownership percentage (as a percent)         25.00%                          
Loss (gain) on sale or write down of assets, net         $ 8,118,000                          
Office Property in Los Angeles | Joint Venture                                    
Schedule of Equity Method Investments                                    
Property area (in square feet) | ft²         680,000                          
Proceeds from sale of building         $ 700,000,000                          
Propcor II Associates, LLC Boulevard Shops | Joint Venture                                    
Schedule of Equity Method Investments                                    
Repayments of debt       $ 23,000,000                            
Debt issued       $ 24,000,000                            
Variable interest rate spread (as a percent)       2.50%                            
Interest rate cap (as a percent)       7.50%                            
Development of Premium Outlets in Los Angeles                                    
Schedule of Equity Method Investments                                    
Impairment loss                     $ 57,686,000              
Development of Premium Outlets in Los Angeles | Joint Venture                                    
Schedule of Equity Method Investments                                    
Ownership percentage (as a percent)                     50.00%              
Chandler Fashion Center | Joint Venture                                    
Schedule of Equity Method Investments                                    
Repayments of debt   $ 256,000,000                                
Debt issued   $ 17,700,000                                
Interest rate on debt (as a percent)   7.06%                                
Face amount on debt   $ 275,000,000