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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Asset Acquisition
The following is a summary of the allocation of the fair value of the former Sears parcels at Deptford Mall and Vintage Faire Mall upon their consolidation on August 2, 2022:
Land$6,966 
Building and improvements32,934 
Deferred charges8,075 
Other assets (above-market leases)2,664 
Other accrued liabilities (below-market lease)(2,541)
Fair value of acquired net assets (at 100% ownership)
$48,098 
The following is a summary of the allocation of the fair value of the former Sears parcels at Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square:
Land$10,869 
Building and improvements39,359 
Construction in progress38,000 
Deferred charges6,821 
Other accrued liabilities (below-market lease)(1,649)
Fair value of acquired net assets (at 100% ownership)
$93,400 
The following is a summary of the allocation of the fair value of Arrowhead Towne Center:
Property$426,097 
Deferred charges22,307 
Other assets2,973 
   Total assets acquired451,377 
Mortgage note payable383,881 
Discount on mortgage note payable(33,062)
Other accrued liabilities9,439 
   Total liabilities assumed360,258 
Fair value of acquired net assets (at 100% ownership)
$91,119 
The following is a summary of the allocation of the fair value of South Plains Mall:
Property$183,434 
Deferred charges19,223 
Other assets4,114 
   Total assets acquired206,771 
Mortgage note payable200,000 
Discount on mortgage note payable(10,372)
Other accrued liabilities8,553 
   Total liabilities assumed198,181 
Fair value of acquired net assets (at 100% ownership)
$8,590 
The following is a summary of the allocation of the fair value of Lakewood Center, Los Cerritos Center and Washington Square:
Property$1,526,515 
Deferred charges85,661 
Other assets19,635 
   Total assets acquired1,631,811 
Mortgage note payable1,312,718 
Discount on mortgage note payable(31,119)
Other accrued liabilities27,711 
   Total liabilities assumed1,309,310 
Fair value of acquired net assets (at 100% ownership)
$322,501