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v3.23.1

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Operating Partnership's Equity Interest | The following table summarizes the general terms and Operating Partnership’s equity interests in the Funds and Mervyns II (dollars in millions):
Entity |  | Formation Date |  | Operating Partnership Share of Capital |  |  | Capital Called as of March 31, 2023 (b) |  |  | Unfunded Commitment (b, c) |  |  | Equity Interest Held By Operating Partnership (a) |  |  | Preferred Return |  |  | Total Distributions as of March 31, 2023 (b, c) |
Fund II and Mervyns II (c,d) |  | 6/2004 |  |  | 61.67 | % |  | $ | 557.3 |  |  | $ | 0.0 |  |  |  | 61.67 | % |  |  | 8 | % |  | $ | 172.9 |
Fund III |  | 5/2007 |  |  | 24.54 | % |  |  | 448.1 |  |  |  | 1.9 |  |  |  | 24.54 | % |  |  | 6 | % |  |  | 603.5 |
Fund IV |  | 5/2012 |  |  | 23.12 | % |  |  | 488.1 |  |  |  | 41.9 |  |  |  | 23.12 | % |  |  | 6 | % |  |  | 221.4 |
Fund V |  | 8/2016 |  |  | 20.10 | % |  |  | 387.0 |  |  |  | 133.0 |  |  |  | 20.10 | % |  |  | 6 | % |  |  | 94.4 |
a) Amount represents the current economic ownership at March 31, 2023, which could differ from the stated legal ownership based upon the cumulative preferred returns of the respective Fund. b) Represents the total for the Funds, including the Operating Partnership and noncontrolling interests’ shares. c) During the second quarter of 2022, the Company increased its ownership in Fund II and Mervyns II through an acquisition of its partner's interest by 11.67%, from 28.33% to 40.00%, for $18.5 million. Additionally, during the third quarter of 2022, the Company increased its ownership in Fund II through an acquisition of a partner's interest by 21.67%, from 40.00% to 61.67%, for $5.8 million. Each of the remaining partners in Fund II have a right to put their equity interests to the Company beginning in August 2023. As the Company retained its controlling interest, these additional investments were accounted for as equity transactions (Note 10). D uring August 2020, a recallable distribution of $15.7 million was made by Mervyns II to its investors, of which $4.5 million was the Company’s share. During 2021 and 2022, Mervyns II recalled $11.9 million and $3.8 million, respectively, of the $15.7 million, of which the Company's share is $3.4 million and $1.2 million, respectively. In January 2023, following the expiration of the lock-up period, Mervyns II distributed the 2.5 million shares of its investment in Albertsons to its partners; the Company directly owns 1.6 million shares (Note 4, Note 8).

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- Definition Tabular disclosure of an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-04.16) -URI https://asc.fasb.org/extlink&oid=120401414&loc=d3e603758-122996 + Details
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