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Unconsolidated Affiliates - Summarized Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
ASSETS:        
Investment in real estate assets [1] $ 2,093,385 $ 1,801,245    
Accumulated depreciation [1] (283,785) (228,034)    
Net investment in real estate assets [1] 1,809,600 1,573,211    
Developments in progress [1] 5,817 8,900    
Net investment in real estate assets [1] 1,871,492 1,582,111    
Total assets [1] 2,747,191 2,405,905    
LIABILITIES:        
Mortgage and other indebtedness, net 2,212,680 1,888,803    
Total liabilities [1] 2,434,327 2,075,288    
OWNERS' EQUITY (DEFICIT):        
The Company 323,546 339,321    
Noncontrolling interests (10,682) (8,704)    
Total equity 312,864 330,617 $ 367,129 $ 401,100
Total liabilities, redeemable noncontrolling interests and equity 2,747,191 2,405,905    
Total revenues [2],[3] 515,561 535,286 563,011  
Net income 57,117 3,204 (99,515)  
BI Development II, LLC        
ASSETS:        
Investment in real estate assets 1,284,494 2,010,269    
Accumulated depreciation (576,289) (886,712)    
Net investment in real estate assets 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    
Noncontrolling interests 3,286 (84,791)    
Total equity 79,893 (72,501)    
Total liabilities, redeemable noncontrolling interests and equity 896,682 1,341,107    
Total revenues 260,969 255,283 260,275  
Net income [4] $ 54,433 $ 38,434 $ 137,454  
[1] As of December 31, 2024, includes $174,745 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $212,234 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 10.
[2] Management, development and leasing fees earned by the Management Company are included in the All Other category. See Note 3 for information on the Company’s revenues disaggregated by revenue source.
[3] Sales taxes are excluded from revenues.
[4] 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.