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Mortgage and Other Indebtedness, Net - Mortgage and Other Indebtedness, net And senior Secured Notes (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Oct. 31, 2021

Debt Instrument [Line Items]

Fair value carrying amount

$ 2,019,157

New senior secured notes

$ 395,395

$ 395,000

Mortgage notes payable

1,023,634

1,066,927

Mortgage and other indebtedness, variable-rate debt

1,065,942

947,002

Total fixed-rate and variable-rate debt

2,089,576

2,013,929

Unamortized deferred financing costs

(17,101)

(1,567)

Debt discounts

^[1]

(72,289)

(199,153)

Total mortgage and other indebtedness, net

$ 2,000,186

$ 1,813,209

$ 1,678,619

10% senior secured notes - at fair value (carrying amount of $395,000 as of December 31, 2021)

^[2]

10.00%

Weighted average interest rate (as a percent)

^[2]

6.21%

4.56%

Five Mortgage Notes Payable

Debt Instrument [Line Items]

Remaining debt discount amortization period

2 years 10 months 24 days

Fixed Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

5.26%

5.32%

Variable Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

7.12%

3.71%

Exchangeable Senior Secured Notes

Debt Instrument [Line Items]

Mortgage notes payable

$ 150,000

Exchangeable Senior Secured Notes | Fixed Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

7.00%

Open-Air Centers and Outparcels Loan

Debt Instrument [Line Items]

Mortgage notes payable

$ 180,000

Mortgage and other indebtedness, variable-rate debt

$ 180,000

Open-Air Centers and Outparcels Loan | Fixed Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

6.95%

Open-Air Centers and Outparcels Loan | Variable Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

8.22%

Non-Recourse Loans on Operating Properties

Debt Instrument [Line Items]

Mortgage notes payable

$ 843,634

$ 916,927

Mortgage and other indebtedness, variable-rate debt

$ 56,490

$ 66,911

Non-Recourse Loans on Operating Properties | Fixed Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

4.90%

5.04%

Non-Recourse Loans on Operating Properties | Variable Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

7.26%

3.21%

Secured Term Loan

Debt Instrument [Line Items]

Mortgage and other indebtedness, variable-rate debt

$ 829,452

$ 880,091

Secured Term Loan | Variable Rate Interest

Debt Instrument [Line Items]

Weighted average interest rate (as a percent)

^[2]

6.87%

3.75%

Secured Notes

Debt Instrument [Line Items]

Fair value carrying amount

$ 395,000

[1]

In conjunction with fresh start accounting, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing a debt discount on the Effective Date. The debt discount is accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at December 31, 2022 will be accreted over a weighted average period of 2.9 years.

[2]

Weighted-average interest rate excludes amortization of deferred financing costs.

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