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Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Reconciliation of Redeemable Noncontrolling Interests in Real Estate Partnership | The following table shows changes in our redeemable noncontrolling interests in consolidated real estate partnerships during the years ended December 31, 2023 , and 2022 (in thousands):
|  | 2023 |  |  | 2022 |
Balance at Beginning of Period |  | $ | 166,826 |  |  | $ | 33,794 |
Capital contributions |  |  | 125 |  |  |  | 138,479 |
Distributions |  |  | (9,243 | ) |  |  | (9,365 | )
Redemptions |  |  | — |  |  |  | (4,911 | )
Net income |  |  | 13,924 |  |  |  | 8,829 |
Balance at December 31, |  | $ | 171,632 |  |  | $ | 166,826 |
Schedule of Supplemental Cash Flow Information | Supplemental cash flow information for the years ended December 31, 2023, 2022, and 2021 is as follows (in thousands):
| Year Ended December 31, |
| 2023 |  |  | 2022 |  |  | 2021 |
SUPPLEMENTAL CASH FLOW INFORMATION: |  |  |  |  |  |  |  |
Interest paid, net of amounts capitalized | $ | 32,795 |  |  | $ | 45,171 |  |  | $ | 43,800 |
Cash paid for income taxes |  | 1,711 |  |  |  | 22,930 |  |  |  | 2,941 |
Non-cash transactions associated with acquisitions: |  |  |  |  |  |  |  |
Buildings and improvements |  | — |  |  |  | 11,109 |  |  |  | — |
Intangible assets, net |  | — |  |  |  | 13,377 |  |  |  | — |
Mark to market adjustment on an assumed construction loan |  | — |  |  |  | 363 |  |  |  | — |
Right-of-use lease assets - finance leases |  | — |  |  |  | 15,036 |  |  |  | — |
Other assets, net |  | — |  |  |  | 5,629 |  |  |  | — |
Accrued liabilities and other |  | — |  |  |  | (1,854 | ) |  |  | (310 | )
Lease liabilities - finance leases |  | — |  |  |  | 15,151 |  |  |  | — |
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships |  | — |  |  |  | 13,756 |  |  |  | — |
Contributions from noncontrolling interest in consolidated real estate partnerships |  | — |  |  |  | — |  |  |  | 3,159 |
Other non-cash investing and financing transactions: |  |  |  |  |  |  |  |
Right-of-use lease assets - operating leases |  | 718 |  |  |  | 2,336 |  |  |  | 143 |
Lease liabilities - operating leases |  | 718 |  |  |  | 1,587 |  |  |  | — |
Issuance of seller financing in connection with disposition of real estate |  | 17,432 |  |  |  | — |  |  |  | — |
Contribution of real estate to unconsolidated real estate partnerships |  | 5,700 |  |  |  | — |  |  |  | — |
Accrued capital expenditures (at end of year) |  | 40,340 |  |  |  | 41,435 |  |  |  | 25,686 |
Summary of Other Assets | Other assets were comprised of the following amounts as of December 31, 2023 and 2022 (in thousands):
| As of December 31, |
| 2023 |  |  | 2022 |
Other investments | $ | 65,066 |  |  | $ | 63,982 |
Deferred costs, deposits, and other |  | 10,601 |  |  |  | 20,460 |
Prepaid expenses and real estate taxes |  | 13,628 |  |  |  | 17,363 |
Intangible assets, net |  | 13,494 |  |  |  | 14,160 |
Corporate fixed assets |  | 10,669 |  |  |  | 8,371 |
Accounts receivable, net of allowances of $373 and $1,206 as of December 31, 2023 and December 31, 2022, respectively |  | 4,804 |  |  |  | 4,079 |
Deferred tax assets |  | 2,391 |  |  |  | 2,321 |
Due from third-party property manager |  | 374 |  |  |  | 1,669 |
Due from affiliates |  | 434 |  |  |  | 274 |
Total other assets, net | $ | 121,461 |  |  | $ | 132,679 |
Summary of Intangible Assets and Liabilities Net of Accumulated Amortization | Intangible assets are included in Other assets, net and intangible liabilities are included in Accrued liabilities and other in our Consolidated Balance Sheets. The following table details intangible assets and liabilities, net of accumulated amortization, for the years ended December 31, 2023 and 2022 (in thousands):
|  | As of December 31, |
|  | 2023 |  |  | 2022 |
Intangible assets |  | $ | 25,950 |  |  | $ | 29,902 |
Less: accumulated amortization |  |  | (12,456 | ) |  |  | (15,742 | )
Intangible assets, net |  | $ | 13,494 |  |  | $ | 14,160 |
Below-market leases |  | $ | 4,175 |  |  | $ | 4,175 |
Less: accumulated amortization |  |  | (4,146 | ) |  |  | (3,971 | )
Intangible liabilities, net |  | $ | 29 |  |  | $ | 204 |
Schedule of Estimated Aggregate Annual Amortization Expense | Based on the balance of intangible assets and liabilities as of December 31, 2023, the net aggregate amortization for the next five years and thereafter is expected to be as follows (in thousands):
|  | Intangible assets |  |  | Intangible liabilities |
2024 |  | $ | 711 |  |  | $ | 29 |
2025 |  |  | 892 |  |  |  | — |
2026 |  |  | 892 |  |  |  | — |
2027 |  |  | 892 |  |  |  | — |
2028 |  |  | 892 |  |  |  | — |
Thereafter |  |  | 9,215 |  |  |  | — |
Total future amortization |  | $ | 13,494 |  |  | $ | 29 |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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