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Investments in Unconsolidated Joint Ventures - Narrative (Details)
ft² in Thousands
3 Months Ended 12 Months Ended
Feb. 07, 2025
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Oct. 24, 2024
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Jul. 31, 2024
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Jun. 28, 2024
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Jun. 27, 2024
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May 14, 2024
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Jan. 10, 2024
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Dec. 27, 2023
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Dec. 04, 2023
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Nov. 01, 2023
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May 18, 2023
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property
Apr. 25, 2023
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Mar. 03, 2023
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Nov. 14, 2022
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Aug. 02, 2022
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Feb. 02, 2022
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Mar. 31, 2024
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Dec. 31, 2024
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Dec. 31, 2023
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Dec. 31, 2022
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Jun. 30, 2024
Nov. 16, 2023
May 17, 2023
property
May 09, 2023
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Investments in unconsolidated joint ventures:                                                
Write-down of assets                                   $ 334,375,000 $ 153,495,000 $ 15,045,000        
Ownership percentage (as a percent)                                           49.90%    
Mortgage notes payable                                   4,894,525,000 4,136,136,000          
Subsequent Event                                                
Investments in unconsolidated joint ventures:                                                
Debt instrument, variable interest rate, type SOFR                                              
Sears Deptford Mall and Vintage Faire Mall                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, percentage of shares owned (as a percent)                     100.00%       100.00%                  
Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, percentage of shares owned (as a percent)                     100.00%                          
Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Write-down of assets                                   179,960,000 152,360,000 27,054,000        
Mortgage notes payable                                   $ 3,461,032,000 5,445,411,000          
Joint Venture | Sears South Plains                                                
Investments in unconsolidated joint ventures:                                                
Write-down of assets                     $ 51,363,000                 $ 27,054,000        
Joint Venture | Sears Deptford Mall and Vintage Faire Mall                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, consideration transferred                             $ 24,544,000                  
Joint Venture | Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, consideration transferred                     $ 46,687,000                          
Number of properties | property                     5                          
Joint Venture | Arrowhead Towne Center                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, percentage of shares owned (as a percent)           100.00%                                    
Joint Venture | South Plains Mall                                                
Investments in unconsolidated joint ventures:                                                
Asset acquisition, percentage of shares owned (as a percent)           100.00%                                    
Joint Venture | Third Party | Sears Deptford Mall and Vintage Faire Mall                                                
Investments in unconsolidated joint ventures:                                                
Joint venture ownership percent acquired (as a percent)                             50.00%                  
Joint Venture | Third Party | Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square                                                
Investments in unconsolidated joint ventures:                                                
Joint venture ownership percent acquired (as a percent)                     50.00%                          
Joint Venture | Third Party | Arrowhead Towne Center                                                
Investments in unconsolidated joint ventures:                                                
Joint venture ownership percent acquired (as a percent)           40.00%                                    
Asset acquisition, consideration transferred           $ 36,447,000                                    
Joint Venture | Third Party | South Plains Mall                                                
Investments in unconsolidated joint ventures:                                                
Joint venture ownership percent acquired (as a percent)           40.00%                                    
Asset acquisition, consideration transferred           $ 0                                    
FlatIron Crossing | Subsequent Event                                                
Investments in unconsolidated joint ventures:                                                
Variable interest rate spread (as a percent) 2.90%                                              
FlatIron Crossing | Subsequent Event | Mezzanine Loan                                                
Investments in unconsolidated joint ventures:                                                
Variable interest rate spread (as a percent) 12.25%                                              
Extension term 90 days                                              
FlatIron Crossing | Subsequent Event | First Mortgage                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt $ 14,532,000                                              
Variable interest rate spread (as a percent) 2.90%                                              
Mortgage notes payable $ 140,480,000                                              
FlatIron Crossing | Weighted Average | Subsequent Event | First Mortgage                                                
Investments in unconsolidated joint ventures:                                                
Variable interest rate spread (as a percent) 3.70%                                              
FlatIron Crossing | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                               $ 197,011,000                
Debt issued                               $ 175,000,000                
Variable interest rate spread (as a percent)                               3.70%                
FlatIron Crossing | Joint Venture | Subsequent Event | Mezzanine Loan                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt $ 14,532,000                                              
FlatIron Crossing | Joint Venture | Period One                                                
Investments in unconsolidated joint ventures:                                                
Interest rate cap (as a percent)                               4.00%                
FlatIron Crossing | Joint Venture | Period Two                                                
Investments in unconsolidated joint ventures:                                                
Interest rate cap (as a percent)                               5.00%                
Washington Square                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                   $ 9,000,000       $ 9,000                    
Washington Square | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                   $ 15,000,000       $ 15,000                    
Variable interest rate spread (as a percent)                           4.00%                    
Joint venture extension term (in years)                           4 years                    
Scottsdale Fashion Square | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                         $ 403,931,000                      
Debt issued                         $ 700,000,000                      
Interest rate on debt (as a percent)                         6.21%                      
Deptford Mall                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                       $ 5,100,000                        
Deptford Mall | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
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                                                
Investments in unconsolidated joint ventures:                                                
Debt instrument, debt default, amount                                               $ 147,605,000
Extinguishment of debt, amount       $ 147,735                                        
Country Club Plaza | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Write-down of assets                                     $ 100,997,000          
Debt instrument, debt default, amount                                               $ 295,210,000
Proceeds from sale of property       175,600,000                                        
Extinguishment of debt, amount       $ 295,470,000                                        
Chandler Fashion Center, Danbury Fair Mall, Freehold Raceway Mall, Los Cerritos Center and Washington Square | Joint Venture | Seritage                                                
Investments in unconsolidated joint ventures:                                                
Number of properties | property                                             5  
Tysons Corner LLC | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt                 $ 666,465,000                              
Debt issued                 $ 710,000,000                              
Tysons Corner LLC | Joint Venture | Fixed Rate Residential Mortgage                                                
Investments in unconsolidated joint ventures:                                                
Interest rate on debt (as a percent)                 6.60%                              
Office Property in Los Angeles                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt               $ 324,632,000                                
Proceeds from sale of property               $ 77,643,000                                
Ownership percentage (as a percent)               25.00%                                
Gains on sales of investment real estate               $ 8,118,000                                
Office Property in Los Angeles | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Property area (in square feet) | ft²               680                                
Proceeds from sale of property               $ 700,000,000                                
Propcor II Associates, LLC—Boulevard Shops | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
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                                                
Investments in unconsolidated joint ventures:                                                
Write-down of assets                                 $ 57,686,000              
Development of Premium Outlets in Los Angeles | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Ownership percentage (as a percent)                                         50.00%      
Chandler Fashion Center | Joint Venture                                                
Investments in unconsolidated joint ventures:                                                
Repayments of debt         $ 256,000,000                                      
Debt issued         $ 17,700,000                                      
Interest rate on debt (as a percent)         7.06%                                      
Debt instrument, face amount         $ 275,000,000                                      
Biltmore Fashion Park Retail Center in Phoenix, Arizona | Disposal Group, Disposed of by Sale, Not Discontinued Operations                                                
Investments in unconsolidated joint ventures:                                                
Property area (in square feet) | ft²     611                                          
Gains on sales of investment real estate     $ 42,815,000                                          
Equity interest percentage sold (as a percent)     50.00%                                          
Sale of partnership interests other assets     $ 110,000,000                                          
Lakewood Center, Los Cerritos Center and Washington Square Retail Center in Phoenix, Arizona | Disposal Group, Disposed of by Sale, Not Discontinued Operations                                                
Investments in unconsolidated joint ventures:                                                
Joint venture ownership percent acquired (as a percent)   40.00%                                            
Asset acquisition, consideration transferred   $ 122,132,000                                            
Write-down of assets   $ 117,031,000                                            
Asset acquisition, percentage of shares owned (as a percent)   100.00%