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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Combined and Condensed Statements of Operations        
Depreciation and amortization $ (38,884) $ (34,500) $ (117,593) $ (103,721)
Company's equity in (losses) earnings of unconsolidated affiliates (3,694) 11,784 (9,598) 15,952
Unconsolidated Affiliates        
Combined and Condensed Statements of Operations        
Total revenues 29,073 27,792 90,215 83,977
Operating and other expenses (10,911) (9,488) (34,141) (29,624)
Interest expense (9,780) (9,895) (31,944) (30,514)
Depreciation and amortization (11,946) (10,266) (38,420) (32,062)
Gain on extinguishment of debt [1] 971 952 2,893 2,963
Impairment of real estate [2] (3,480) 0 (3,480) 0
Gain (loss) on disposition of properties [3] 0 12,849 (1,030) 21,368
Net (loss) income attributable to unconsolidated affiliates (6,073) 11,944 (15,907) 16,108
Operating Partnership, as General Partner or Managing Member        
Combined and Condensed Statements of Operations        
Company's share of equity in net (losses) earnings of unconsolidated affiliates (3,596) 12,028 (9,304) 16,684
Basis differential amortization (98) (244) (294) (732)
Company's equity in (losses) earnings of unconsolidated affiliates $ (3,694) $ 11,784 $ (9,598) $ 15,952
[1] Includes the gain on debt extinguishment related to the restructuring at 840 N. Michigan Avenue for the three and nine months ended September 30, 2025 and 2024.
[2] The impairment charge for the three and nine months ended September 30, 2025 is related to the 650 Bald Hill Road property.
[3] Includes the loss on the sale of Eden Square for the nine months ended September 30, 2025. Includes the gain on sale of the Frederick Crossing property for the three and nine ended September 30, 2024, and the gain on the sale of the Paramus Plaza property for the nine months ended September 30, 2024.