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Unconsolidated Affiliates and Noncontrolling Interests -Summarized Financial Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
ASSETS:        
Investment in real estate assets [1] $ 2,104,433   $ 2,093,385  
Accumulated depreciation [1] (303,946)   (283,785)  
Net investment in real estate assets [1] 1,800,487   1,809,600  
Developments in progress [1] 6,381   5,817  
Net investment in real estate assets [1] 1,806,868   1,871,492  
Total assets [1] 2,624,514   2,747,191  
LIABILITIES:        
Mortgage and other indebtedness, net 2,150,562   2,212,680  
Total liabilities [1] 2,340,752   2,434,327  
OWNERS' EQUITY:        
The Company 295,026   323,546  
Noncontrolling interests (11,264)   (10,682)  
Total equity 283,762 $ 314,850 312,864 $ 330,617
Total liabilities, redeemable noncontrolling interests and equity 2,624,514   2,747,191  
Total revenues [2],[3] 141,768 129,117    
Net income 8,387 (474)    
Unconsolidated Affiliates        
ASSETS:        
Investment in real estate assets 1,281,007   1,284,494  
Accumulated depreciation (583,296)   (576,289)  
Net investment in real estate assets 697,711   708,205  
Developments in progress 34,431   32,114  
Net investment in real estate assets 732,142   740,319  
Other assets 140,292   156,363  
Total assets 872,434   896,682  
LIABILITIES:        
Mortgage and other indebtedness, net 738,511   780,536  
Other liabilities 22,888   36,253  
Total liabilities 761,399   816,789  
OWNERS' EQUITY:        
The Company 76,153   76,607  
Noncontrolling interests 34,882   3,286  
Total equity 111,035   79,893  
Total liabilities, redeemable noncontrolling interests and equity 872,434   $ 896,682  
Total revenues 45,202 63,997    
Net income [4] $ 42,990 $ 6,264    
[1] As of March 31, 2025, includes $168,625 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $208,932 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.
[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 was $6,913 and $4,594 for the three months ended March 31, 2025 and 2024, respectively.