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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 436,017  
Net income (loss) $ (10,955) $ 12,254 (43,554) $ 6,979
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership       (1)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements 385 (31,715) (14,611) 2,301
Consolidation of previously unconsolidated investment     29,573  
Adjustment of redeemable non-controlling interest to estimated redemption value (1,014)   (1,014) 0
Reclassification of realized interest expense on swap agreements 3,710 7,327 11,173 25,011
Noncontrolling interest contributions 6,046 2,409 14,414 46,118
Noncontrolling interest distributions (16,215) (7,591) (25,889) (21,010)
Employee Long-term Incentive Plan Unit Awards 3,019 2,729 8,664 10,085
Ending Balance 409,980   409,980  
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 437,033 457,221 436,017 446,300
Distributions declared per Common OP Unit (1,447) (1,273) (4,337) (3,954)
Net income (loss) (15,006) 5,512 (47,783) (371)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (290) (1,546) (2,403) (20,888)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements 262 6,231 (2,268) 2,360
Consolidation of previously unconsolidated investment     29,573  
Adjustment of redeemable non-controlling interest to estimated redemption value 0   0  
Acquisition of noncontrolling interest asset (105)   (105)  
Reclassification of realized interest expense on swap agreements (606) (2,441) (1,867) (9,879)
City Point Loan accrued interest 0 0 0 0
Noncontrolling interest contributions 6,046 2,409 14,414 46,118
Noncontrolling interest distributions (16,215) (7,591) (25,889) (21,010)
Employee Long-term Incentive Plan Unit Awards 2,961 2,494 8,407 9,026
Reallocation of noncontrolling interests [1] (2,653) (354) 6,221 (244)
Ending Balance 409,980 448,200 409,980 448,200
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [2] 342,434 371,538 350,287 346,582
Distributions declared per Common OP Unit [2] 0 0 0 0
Net income (loss) [2] (15,320) 5,038 (48,432) (608)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [2] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [2] (377) (4,831) (1,394) 2,815
Consolidation of previously unconsolidated investment [2]     29,573  
Adjustment of redeemable non-controlling interest to estimated redemption value [2] 0   0  
Acquisition of noncontrolling interest asset [2] (105)   (105)  
Reclassification of realized interest expense on swap agreements [2] (602) (2,409) (1,839) (9,743)
City Point Loan accrued interest [2] 0 0 0 0
Noncontrolling interest contributions [2] 6,046 2,409 14,414 46,118
Noncontrolling interest distributions [2] (16,215) (7,591) (25,889) (21,010)
Employee Long-term Incentive Plan Unit Awards [2] 0 0 0 0
Reallocation of noncontrolling interests [1],[2] 0 0 0 0
Ending Balance [2] 316,615 364,154 316,615 364,154
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [3] 94,599 85,683 85,730 99,718
Distributions declared per Common OP Unit [3] (1,447) (1,273) (4,337) (3,954)
Net income (loss) [3] 314 474 649 979
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [3] (290) (1,546) (2,403) (20,888)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [3] (115) 1,400 (874) (455)
Consolidation of previously unconsolidated investment [3]     0  
Adjustment of redeemable non-controlling interest to estimated redemption value [3] 0   0  
Acquisition of noncontrolling interest asset [3] 0   0  
Reclassification of realized interest expense on swap agreements [3] (4) (32) (28) (136)
City Point Loan accrued interest [3] 0 0 0 0
Noncontrolling interest contributions [3] 0 0 0 0
Noncontrolling interest distributions [3] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [3] 2,961 2,494 8,407 9,026
Reallocation of noncontrolling interests [1],[3] (2,653) (354) 6,221 (244)
Ending Balance [3] 93,365 84,046 93,365 84,046
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [4] 21,174 40,874 30,583 50,339
Distributions declared per Common OP Unit [4] 0 0   0
Net income (loss) [4] (1,567) (1,672) (4,960) (6,518)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [4] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [4] 0 0 0 0
Consolidation of previously unconsolidated investment [4]     0  
Adjustment of redeemable non-controlling interest to estimated redemption value [4] 1,014   1,014  
Acquisition of noncontrolling interest asset [4] (8,232)   (8,232)  
Reclassification of realized interest expense on swap agreements [4] 0 0 0 0
City Point Loan accrued interest [4] (3,270) (4,165) (9,296) (8,778)
Noncontrolling interest contributions [4]   0 10  
Noncontrolling interest distributions [4] (5) 0 (5) (6)
Employee Long-term Incentive Plan Unit Awards [4] 0 0 0 0
Reallocation of noncontrolling interests [1],[4] 0 0 0 0
Ending Balance [4] $ 9,114 $ 35,037 $ 9,114 $ 35,037
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[2] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and seven other subsidiaries.
[3] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,054,386 Common OP Units as of September 30, 2025 and 2024; (ii) 188 Series A Preferred OP Units as of September 30, 2025 and 2024; (iii) 66,519 Series C Preferred OP Units as of September 30, 2025 and 2024; and (iv) 5,231,199 and 4,670,297 LTIP units as of September 30, 2025 and 2024, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
[4] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.