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Investments in and Advances to Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items] |
Summary of Company's Equity Method Joint Ventures Included in Investments in and Advances | The Company’s equity method joint ventures, which are included in Investments in and Advances to Joint Ventures in the Company’s consolidated balance sheet at December 31, 2019, are as follows:
Unconsolidated Real Estate Ventures |  | Partner |  | Effective Ownership Percentage |  | Operating Properties
DDRTC Core Retail Fund, LLC(A) |  | TIAA – CREF |  | 15.0% |  | 21
DDRM Properties |  | Madison International Realty |  | 20.0 |  | 35
BRE DDR Retail Holdings III |  | Blackstone Real Estate Partners |  | 5.0 |  | 13
BRE DDR Retail Holdings IV |  | Blackstone Real Estate Partners |  | 5.0 |  | 5
Dividend Trust Portfolio JV LP |  | Chinese Institutional Investors |  | 20.0 |  | 10
DDR – SAU Retail Fund, LLC |  | State of Utah |  | 20.0 |  | 12
Other Joint Venture Interests |  | Various |  | 20.0–79.45 |  | 4
(A) | In February 2020, the Company sold its interest to its joint venture partner (Note 19).
Summary of Preferred investments | The preferred investments are summarized as follows (in millions, except properties owned):
|  |  | Preferred Investment (Principal) |  |  |  |  |
| Redemption Date |  | Initial |  |  | December 31, 2019 |  |  | Valuation Allowance |  |  | Net of Reserve |  |  | Properties Owned at December 31, 2019 |
BRE DDR III | 2021 |  | $ | 300.0 |  |  | $ | 132.4 |  |  | $ | (78.2 | ) |  | $ | 54.2 |  |  |  | 13 |
BRE DDR IV | 2022 |  |  | 82.6 |  |  |  | 64.0 |  |  |  | (9.7 | ) |  |  | 54.3 |  |  |  | 5 |
|  |  | $ | 382.6 |  |  | $ | 196.4 |  |  | $ | (87.9 | ) |  | $ | 108.5 |  |  |  |  |
Unconsolidated Joint Ventures [Member] |
Schedule Of Equity Method Investments [Line Items] |
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments | Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):
| December 31, |
| 2019 |  |  | 2018 |
Condensed Combined Balance Sheets |  |  |  |  |  |  |
Land | $ | 895,427 |  |  | $ | 1,004,289 |
Buildings |  | 2,583,053 |  |  |  | 2,804,027 |
Fixtures and tenant improvements |  | 233,303 |  |  |  | 221,412 |
|  | 3,711,783 |  |  |  | 4,029,728 |
Less: Accumulated depreciation |  | (949,879 | ) |  |  | (935,921 | )
|  | 2,761,904 |  |  |  | 3,093,807 |
Construction in progress and land |  | 58,855 |  |  |  | 56,498 |
Real estate, net |  | 2,820,759 |  |  |  | 3,150,305 |
Cash and restricted cash |  | 109,260 |  |  |  | 94,111 |
Receivables, net |  | 37,191 |  |  |  | 44,702 |
Other assets, net |  | 147,129 |  |  |  | 186,693 |
| $ | 3,114,339 |  |  | $ | 3,475,811 |
Mortgage debt | $ | 1,640,146 |  |  | $ | 2,212,503 |
Notes and accrued interest payable to the Company |  | 4,975 |  |  |  | 5,182 |
Other liabilities |  | 142,754 |  |  |  | 161,372 |
|  | 1,787,875 |  |  |  | 2,379,057 |
Redeemable preferred equity – SITE Centers(A) |  | 217,871 |  |  |  | 274,493 |
Accumulated equity |  | 1,108,593 |  |  |  | 822,261 |
| $ | 3,114,339 |  |  | $ | 3,475,811 |
Company's share of accumulated equity | $ | 186,247 |  |  | $ | 145,786 |
Redeemable preferred equity, net(B) |  | 112,589 |  |  |  | 189,891 |
Basis differentials |  | (6,864 | ) |  |  | (8,536 | )
Deferred development fees, net of portion related to the Company's interest |  | (2,452 | ) |  |  | (2,700 | )
Amounts payable to the Company |  | 4,975 |  |  |  | 5,182 |
Investments in and Advances to Joint Ventures, net | $ | 294,495 |  |  | $ | 329,623 |
(A) | Includes PIK that the Company has accrued since March 2017 of $17.3 million and $12.2 million at December 31, 2019 and 2018, respectively, which, in each case, was fully reserved.
(B) | Amount is net of the valuation allowance of $87.9 million and $72.4 million at December 31, 2019 and 2018, respectively, and the fully reserved PIK.
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| For the Year Ended December 31 |
| 2019 |  |  | 2018 |  |  | 2017 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |  |  |  |  |
Revenues from operations(A) | $ | 428,281 |  |  | $ | 427,467 |  |  | $ | 502,506 |
Expenses from operations: |  |  |  |  |  |  |  |  |  |  |
Operating expenses |  | 118,412 |  |  |  | 125,353 |  |  |  | 145,855 |
Impairment charges(B) |  | 13,807 |  |  |  | 177,522 |  |  |  | 90,597 |
Depreciation and amortization |  | 149,749 |  |  |  | 145,849 |  |  |  | 180,337 |
Interest expense |  | 93,887 |  |  |  | 96,312 |  |  |  | 107,330 |
Preferred share expense |  | 21,832 |  |  |  | 24,875 |  |  |  | 32,251 |
Other expense, net |  | 20,563 |  |  |  | 24,891 |  |  |  | 25,986 |
|  | 418,250 |  |  |  | 594,802 |  |  |  | 582,356 |
Income (loss) before gain on disposition of real estate |  | 10,031 |  |  |  | (167,335 | ) |  |  | (79,850 | )
Gain on disposition of real estate, net |  | 67,011 |  |  |  | 93,753 |  |  |  | 101,806 |
Net income (loss) attributable to unconsolidated joint ventures | $ | 77,042 |  |  | $ | (73,582 | ) |  | $ | 21,956 |
Company's share of equity in net income (loss) of joint ventures | $ | 10,743 |  |  | $ | (2,419 | ) |  | $ | 3,516 |
Basis differential adjustments(C) |  | 776 |  |  |  | 11,784 |  |  |  | 5,321 |
Equity in net income of joint ventures | $ | 11,519 |  |  | $ | 9,365 |  |  | $ | 8,837 |
(A) | Revenue from operations is subject to leasing or other standards.
(B) | For the years ended December 31, 2019, 2018 and 2017, the Company’s proportionate share was $2.5 million, $13.1 million and $5.0 million, respectively. The Company’s share of the impairment charges was reduced by the impact of the other than temporary impairment charges recorded on these investments, as appropriate, as discussed below.
(C) | The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, unrecognized preferred PIK, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.
Schedule of Fee and Other Income | Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures and interest income on its preferred interests in the BRE DDR Joint Ventures (as defined below) are as follows (in millions):
| For the Year Ended December 31, |
| 2019 |  |  | 2018 |  |  | 2017 |
Revenue from contracts: |  |  |  |  |  |  |  |  |  |  |
Asset and property management fees | $ | 19.7 |  |  | $ | 18.8 |  |  | $ | 21.4 |
Development fees, leasing commissions and other |  | 5.2 |  |  |  | 6.9 |  |  |  | 9.1 |
|  | 24.9 |  |  |  | 25.7 |  |  |  | 30.5 |
Other: |  |  |  |  |  |  |  |  |  |  |
Interest income |  | 16.7 |  |  |  | 19.0 |  |  |  | 25.9 |
Other |  | 3.2 |  |  |  | 2.6 |  |  |  | 2.8 |
|  | 19.9 |  |  |  | 21.6 |  |  |  | 28.7 |
| $ | 44.8 |  |  | $ | 47.3 |  |  | $ | 59.2 |

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