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Investments in and Advances to Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2025
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 ventures is as follows (in thousands):
| March 31, 2025 |  |  | December 31, 2024 |
Condensed Combined Balance Sheets |  |  |  |  |
Land | $ | 159,567 |  |  | $ | 159,567 |
Buildings |  | 494,963 |  |  |  | 494,062 |
Fixtures and tenant improvements |  | 56,914 |  |  |  | 55,526 |
|  | 711,444 |  |  |  | 709,155 |
Less: Accumulated depreciation |  | (171,595 | ) |  |  | (166,534 | )
|  | 539,849 |  |  |  | 542,621 |
Construction in progress and land |  | 347 |  |  |  | 352 |
Real estate, net |  | 540,196 |  |  |  | 542,973 |
Cash and restricted cash |  | 33,177 |  |  |  | 25,750 |
Receivables, net |  | 8,508 |  |  |  | 9,660 |
Other assets, net |  | 18,302 |  |  |  | 17,823 |
| $ | 600,183 |  |  | $ | 596,206 |
Mortgage debt | $ | 427,180 |  |  | $ | 426,462 |
Notes and accrued interest payable to the Company |  | 3,818 |  |  |  | 1,894 |
Other liabilities |  | 33,681 |  |  |  | 32,533 |
|  | 464,679 |  |  |  | 460,889 |
Accumulated equity |  | 135,504 |  |  |  | 135,317 |
| $ | 600,183 |  |  | $ | 596,206 |
Company's share of accumulated equity | $ | 26,044 |  |  | $ | 26,016 |
Basis differentials |  | 585 |  |  |  | 2,521 |
Amounts payable to the Company |  | 3,818 |  |  |  | 1,894 |
Investments in and advances to joint ventures, net | $ | 30,447 |  |  | $ | 30,431 |
Unconsolidated Joint Ventures [Member] |
Schedule Of Equity Method Investments [Line Items] |
Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments |
| Three Months |
| Ended March 31, |
| 2025 |  |  | 2024 |
Condensed Combined Statements of Operations |  |  |  |  |
Revenues from operations | $ | 20,925 |  |  | $ | 22,054 |
Expenses from operations: |  |  |  |  |
Operating expenses |  | 5,182 |  |  |  | 5,868 |
Depreciation and amortization |  | 6,044 |  |  |  | 7,145 |
Interest expense |  | 8,008 |  |  |  | 8,271 |
Other expense, net |  | 1,388 |  |  |  | 1,896 |
|  | 20,622 |  |  |  | 23,180 |
Income (loss) before loss on disposition of real estate |  | 303 |  |  |  | (1,126 | )
Loss on disposition of real estate, net |  | (4 | ) |  |  | (29 | )
Net income (loss) attributable to unconsolidated joint ventures | $ | 299 |  |  | $ | (1,155 | )
Company's share of equity in net income (loss) of joint ventures | $ | 55 |  |  | $ | (153 | )
Basis differential adjustments(A) |  | (16 | ) |  |  | 170 |
Equity in net income of joint ventures | $ | 39 |  |  | $ | 17 |
(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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