v3.25.4
Segment Information - Schedule of Reconciliation of NOI at our share to loss before income tax (expense) benefit (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Information      
NOI at our share $ 250,132 $ 277,279 $ 318,492
Net third-party real estate services, excluding reimbursements, at our share 2,526 (4,032) 3,519
Loss from unconsolidated real estate ventures, net (4,420) (7,122) (26,999)
Interest and other income, net 4,211 11,598 15,781
Gain (loss) on the sale of real estate, net 46,633 (2,753) 79,335
Depreciation and amortization expense 190,064 208,180 210,195
Corporate and other 59,169 58,790 54,838
Share-based compensation related to Formation Transaction and special equity awards     549
Transaction and other costs 6,223 5,317 8,737
Interest expense 142,037 134,068 108,660
(Gain) loss on the extinguishment of debt, net 2,402 (9,235) 450
Impairment loss 65,847 55,427 90,226
Our share of net third-party real estate services attributable to real estate ventures (893) (767) (416)
NOI attributable to unconsolidated real estate ventures at our share (4,162) (6,808) (19,452)
Real estate venture partner's share of NOI attributable to consolidated real estate ventures 1,975    
Non-cash rent adjustments (2,838) 9,482 23,482
Other adjustments 687 (1,321) (12,092)
Total adjustments (5,231) 586 (8,478)
LOSS BEFORE INCOME TAX (EXPENSE) BENEFIT $ (171,891) $ (176,991) $ (92,005)