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Dispositions | 3 Months Ended
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Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Dispositions | Dispositions: On June 13, 2024, the partnership agreement between the Company and its partner was amended and as a result, the Company no longer accounts for its investment in Chandler Fashion Center as a financing arrangement (See Note 12—Financing Arrangement). Effective June 13, 2024, the Company accounts for its investment in Chandler Fashion Center under the equity method of accounting. The Company recognized the following gain on sale of assets on Chandler Fashion Center:
Fair value of investment in unconsolidated joint ventures - Chandler Fashion Center | $ | 141,291 |  |
Reversal of the financing arrangement obligation | 88,721 |  |
Deconsolidation of Chandler Fashion Center - liabilities in excess of assets | 104,273 |  |
| $ | 334,285 |  |
On June 28, 2024, the Company sold a former department store parcel at Valle Vista Mall in Harlingen, Texas for $7,100, which resulted in a gain on sale of assets of $756. The Company used the net proceeds to pay down debt. On November 25, 2024, the Company sold Southridge Mall, a 791,000 square foot power center in Des Moines, Iowa, for $4,000, which resulted in a loss on sale or write down of assets of $911. The Company used the net proceeds to pay down debt. On December 10, 2024, the Company sold The Oaks, a 1,206,000 square foot regional retail center in Thousand Oaks, California, for $157,000, which resulted in a loss on sale or write down of assets of $6,932. The Company used the net proceeds to pay off the $147,751 loan on the property. On March 27, 2025, the Company sold Wilton Mall, a 740,000 square foot regional retail center in Saratoga Springs, New York, for $24,800, which resulted in a loss on sale or write down of assets of $2,912. The Company used the net proceeds to pay down debt. For the three months ended March 31, 2025, the Company sold various land parcels, resulting in gains on sale of land of $923. For the three months ended March 31, 2024, the Company did not have any land sales. The Company used its share of the proceeds from these sales to pay down debt and for other general corporate purposes.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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