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Investments in and Advances to Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2023
Equity Method Investments And Joint Ventures [Abstract] |
Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments | At March 31, 2023 and December 31, 2022, the Company had ownership interests in various unconsolidated joint ventures that had investments in 15 and 18 shopping center properties, respectively. Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):
| March 31, 2023 |  |  | December 31, 2022 |
Condensed Combined Balance Sheets |  |  |  |  |
Land | $ | 199,882 |  |  | $ | 212,326 |
Buildings |  | 607,130 |  |  |  | 643,334 |
Fixtures and tenant improvements |  | 67,358 |  |  |  | 70,636 |
|  | 874,370 |  |  |  | 926,296 |
Less: Accumulated depreciation |  | (204,892 | ) |  |  | (220,642 | )
|  | 669,478 |  |  |  | 705,654 |
Construction in progress and land |  | 501 |  |  |  | 1,965 |
Real estate, net |  | 669,979 |  |  |  | 707,619 |
Cash and restricted cash |  | 63,112 |  |  |  | 44,809 |
Receivables, net |  | 10,750 |  |  |  | 11,671 |
Other assets, net |  | 33,305 |  |  |  | 36,272 |
| $ | 777,146 |  |  | $ | 800,371 |
Mortgage debt | $ | 509,168 |  |  | $ | 535,093 |
Notes and accrued interest payable to the Company |  | 2,827 |  |  |  | 2,972 |
Other liabilities |  | 40,392 |  |  |  | 41,588 |
|  | 552,387 |  |  |  | 579,653 |
Accumulated equity |  | 224,759 |  |  |  | 220,718 |
| $ | 777,146 |  |  | $ | 800,371 |
Company's share of accumulated equity | $ | 43,437 |  |  | $ | 42,644 |
Basis differentials |  | (442 | ) |  |  | (707 | )
Deferred development fees, net of portion related to the Company's interest |  | (245 | ) |  |  | (301 | )
Amounts payable to the Company |  | 2,827 |  |  |  | 2,972 |
Investments in and Advances to Joint Ventures, net | $ | 45,577 |  |  | $ | 44,608 |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| Three Months |
| Ended March 31, |
| 2023 |  |  | 2022 |
Condensed Combined Statements of Operations |  |  |  |  |
Revenues from operations | $ | 24,690 |  |  | $ | 41,649 |
Expenses from operations: |  |  |  |  |
Operating expenses |  | 6,564 |  |  |  | 11,523 |
Impairment charges |  | — |  |  |  | 5,200 |
Depreciation and amortization |  | 9,062 |  |  |  | 14,345 |
Interest expense |  | 7,041 |  |  |  | 9,289 |
Other expense, net |  | 2,560 |  |  |  | 2,572 |
|  | 25,227 |  |  |  | 42,929 |
Loss before gain on disposition of real estate |  | (537 | ) |  |  | (1,280 | )
Gain (loss) on disposition of real estate, net |  | 5,304 |  |  |  | (98 | )
Net income (loss) attributable to unconsolidated joint ventures | $ | 4,767 |  |  | $ | (1,378 | )
Company's share of equity in net income of joint ventures | $ | 950 |  |  | $ | 30 |
Basis differential adjustments(A) |  | 409 |  |  |  | 139 |
Equity in net income of joint ventures | $ | 1,359 |  |  | $ | 169 |
(A) 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, the recognition of deferred gains and differences in gain (loss) on sale of certain assets recognized due to the basis differentials.
Schedule of Fee and Other Income | Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures are as follows (in millions):
| Three Months |
| Ended March 31, |
| 2023 |  |  | 2022 |
Revenue from contracts: |  |  |  |  |
Asset and property management fees | $ | 1.5 |  |  | $ | 2.3 |
Leasing commissions and development fees |  | 0.1 |  |  |  | 0.4 |
|  | 1.6 |  |  |  | 2.7 |
Other |  | 0.2 |  |  |  | 0.4 |
| $ | 1.8 |  |  | $ | 3.1 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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