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Unconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Condensed Combined Financial Statement Information - Unconsolidated Affiliates

Condensed combined financial statement information of the unconsolidated affiliates is as follows:


	December 31, 2024			December 31, 2023
ASSETS:
Investment in real estate assets	$	1,284,494		$	2,010,269
Accumulated depreciation		(576,289	)		(886,712	)
		708,205			1,123,557
Developments in progress		32,114			17,261
Net investment in real estate assets		740,319			1,140,818
Other assets		156,363			200,289
Total assets	$	896,682		$	1,341,107
LIABILITIES:
Mortgage and other indebtedness, net	$	780,536		$	1,368,031
Other liabilities		36,253			45,577
Total liabilities		816,789			1,413,608
OWNERS' EQUITY (DEFICIT):
The Company		76,607			12,290
Other investors		3,286			(84,791	)
Total owners' deficit		79,893			(72,501	)
Total liabilities and owners’ deficit	$	896,682		$	1,341,107


	Year Ended December 31,
	2024		2023		2022
Total revenues	$	260,969	$	255,283	$	260,275
Net income (1)	$	54,433	$	38,434	$	137,454

(1)

The Company's pro rata share of net income is included in equity in earnings of unconsolidated affiliates for each period presented in the accompanying consolidated statements of operations. The Company's pro rata share of net income was $22,932, $11,865 and $19,796 for the years ended December 31, 2024, 2023 and 2022, respectively.