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Investments in and Advances to Joint Ventures (Tables) | 12 Months Ended
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Dec. 31, 2024
Schedule Of Equity Method Investments [Line Items] |
Summary of Company's Equity Method Joint Ventures Included in Investments in and Advances |
Unconsolidated Real Estate Ventures |  | Partner |  | Effective Ownership Percentage |  | Operating Properties
Dividend Trust Portfolio JV LP |  | Chinese Institutional Investors |  | 20.0% |  | 10
RVIP IIIB, Deer Park, IL |  | Prudential |  | 25.75 |  | 1
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, |
| 2024 |  |  | 2023 |
Condensed Combined Balance Sheets |  |  |  |  |
Land | $ | 159,567 |  |  | $ | 180,588 |
Buildings |  | 494,062 |  |  |  | 558,585 |
Fixtures and tenant improvements |  | 55,526 |  |  |  | 58,626 |
|  | 709,155 |  |  |  | 797,799 |
Less: Accumulated depreciation |  | (166,534 | ) |  |  | (187,557 | )
|  | 542,621 |  |  |  | 610,242 |
Construction in progress and land |  | 352 |  |  |  | 1,616 |
Real estate, net |  | 542,973 |  |  |  | 611,858 |
Cash and restricted cash |  | 25,750 |  |  |  | 41,250 |
Receivables, net |  | 9,660 |  |  |  | 9,847 |
Other assets, net |  | 17,823 |  |  |  | 25,498 |
| $ | 596,206 |  |  | $ | 688,453 |
Mortgage debt | $ | 426,462 |  |  | $ | 464,255 |
Notes and accrued interest payable to the Company |  | 1,894 |  |  |  | 2,627 |
Other liabilities |  | 32,533 |  |  |  | 36,279 |
|  | 460,889 |  |  |  | 503,161 |
Accumulated equity |  | 135,317 |  |  |  | 185,292 |
| $ | 596,206 |  |  | $ | 688,453 |
Company’s share of accumulated equity | $ | 26,016 |  |  | $ | 35,782 |
Basis differentials |  | 2,521 |  |  |  | 1,099 |
Deferred development fees, net of portion related to the Company’s interest |  | — |  |  |  | (136 | )
Amounts payable to the Company |  | 1,894 |  |  |  | 2,627 |
Investments in and advances to joint ventures, net | $ | 30,431 |  |  | $ | 39,372 |
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):
| For the Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Revenue from contracts: |  |  |  |  |  |  |  |
Asset and property management fees | $ | 5.1 |  |  | $ | 5.7 |  |  | $ | 7.7 |
Leasing commissions and development fees |  | 0.2 |  |  |  | 0.4 |  |  |  | 1.9 |
|  | 5.3 |  |  |  | 6.1 |  |  |  | 9.6 |
Other |  | 0.2 |  |  |  | 0.7 |  |  |  | 1.0 |
| $ | 5.5 |  |  | $ | 6.8 |  |  | $ | 10.6 |
Unconsolidated Joint Ventures [Member] |
Schedule Of Equity Method Investments [Line Items] |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| For the Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Condensed Combined Statements of Operations |  |  |  |  |  |  |  |
Revenues from operations | $ | 81,967 |  |  | $ | 92,479 |  |  | $ | 132,494 |
Expenses from operations: |  |  |  |  |  |  |  |
Operating expenses |  | 21,312 |  |  |  | 23,903 |  |  |  | 35,319 |
Impairment charges |  | — |  |  |  | — |  |  |  | 17,550 |
Depreciation and amortization |  | 26,948 |  |  |  | 32,578 |  |  |  | 46,518 |
Interest expense |  | 31,811 |  |  |  | 25,601 |  |  |  | 34,055 |
Other (income) expense, net |  | 6,639 |  |  |  | 10,467 |  |  |  | 12,303 |
|  | 86,710 |  |  |  | 92,549 |  |  |  | 145,745 |
Loss before gain on disposition of real estate |  | (4,743 | ) |  |  | (70 | ) |  |  | (13,251 | )
Gain on disposition of real estate, net |  | 10,354 |  |  |  | 21,316 |  |  |  | 120,097 |
Net income attributable to unconsolidated joint ventures | $ | 5,611 |  |  | $ | 21,246 |  |  | $ | 106,846 |
Company’s share of equity in net income of joint ventures | $ | 1,465 |  |  | $ | 4,581 |  |  | $ | 22,262 |
Basis differential adjustments(A) |  | (1,383 | ) |  |  | 1,996 |  |  |  | 5,630 |
Equity in net income of joint ventures | $ | 82 |  |  | $ | 6,577 |  |  | $ | 27,892 |
(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.

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