Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Operating Activities
Net (loss) income	$ (96,921)	$ 30,222	$ (599,337)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	262,767	214,062	255,647
Equity in net loss from unconsolidated joint ventures	56,143	179,695	76,509
Distributions of cumulative earnings from unconsolidated joint ventures	595	12,992	9,897
Equity in net (gain) loss on sale of interest in unconsolidated joint venture/real estate	(86,068)	(208,144)	13,368
Purchase price and other fair value adjustments	36,233	(88,966)	17,260
Depreciable real estate reserves and impairments	32,092	104,071	382,374
Loss (gain) on sale of real estate, net	2,143	(3,025)	32,370
Loan loss and other investment reserves, net of recoveries	(71,326)	0	6,890
Gain on sale of investments in marketable securities	(10,232)	0	0
Loss (gain) on early extinguishment of debt	0	(43,762)	870
Deferred rents receivable	(4,031)	(1,535)	(17,903)
Non-cash lease expense	21,378	20,290	20,435
Other non-cash adjustments	38,845	46,219	28,174
Changes in operating assets and liabilities:
Tenant and other receivables	211	(11,804)	(1,725)
Related party receivables	10,671	(11,414)	15,788
Deferred lease costs	(37,290)	(29,271)	(17,427)
Other assets	(6,961)	15,968	(1,922)
Accounts payable, accrued expenses, other liabilities and security deposits	(26,863)	(74,501)	11,974
Deferred revenue	(12,514)	(4,799)	8,057
Lease liability - operating leases	(25,966)	(16,703)	(11,796)
Net cash provided by operating activities	82,906	129,595	229,503
Investing Activities
Acquisitions of real estate property	(271,649)	0	0
Additions to land, buildings and improvements	(255,631)	(211,869)	(259,663)
Acquisition deposits and deferred purchase price	(65,300)	(23,050)	0
Investments in unconsolidated joint ventures	(182,737)	(451,233)	(184,481)
Distributions in excess of cumulative earnings from unconsolidated joint ventures	100,905	161,474	140,569
Net proceeds from disposition of real estate/joint venture interest	330,437	729,025	557,611
Cash and restricted cash assumed from consolidation of real estate investment	7,181	19,017	0
Cash and restricted cash derecognized from disposition and deconsolidation of real estate investment	(10,340)	0	0
Proceeds from sale or redemption of marketable securities	60,107	0	0
Investments in marketable securities	(41,413)	(12,368)	0
Investments in real estate loans held by consolidated securitization vehicles	(49,296)	(117,894)	0
Repayment of senior obligations of consolidated securitization vehicles	(231,704)	0	0
Proceeds from sale or redemption of real estate loans held by consolidated securitization vehicles	430,000	0	0
Other investments	(43,391)	(21,535)	(17,334)
Origination or purchase of debt fund investments	(127,359)	0	0
Repayment or redemption of debt fund investments	20,000	0	0
Origination of debt and preferred equity investments	(13,073)	(16,310)	(65,357)
Repayments or redemption of debt and preferred equity investments	12,464	63,496	0
Net cash (used in) provided by investing activities	(330,799)	118,753	171,345
Financing Activities
Proceeds from mortgages and other loans payable	205,036	4,450	0
Repayments of mortgages and other loans payable	(45,690)	(68,977)	(25,826)
Proceeds from revolving credit facility, term loans and senior unsecured notes	1,100,075	1,170,000	538,000
Repayments of revolving credit facility, term loans and senior unsecured notes	(880,075)	(1,510,000)	(828,000)
Payment of debt extinguishment costs	0	0	0
Proceeds from stock options exercised and DRSPP issuance	251	52,308	525
Proceeds from issuance of common stock	(1,094)	386,790	0
Redemption of preferred stock	0	(2,503)	(11,700)
Redemption of OP units	(22,303)	(38,177)	(9,076)
Distributions to noncontrolling interests in other partnerships	(3,126)	(11,053)	(2,777)
Contributions from noncontrolling interests in other partnerships	4,706	6,584	6,932
Acquisition of subsidiary interest from noncontrolling interest	0	(7,289)	0
Distributions to noncontrolling interests in the Operating Partnership	(14,162)	(13,915)	(14,779)
Contributions from noncontrolling interests to debt fund investments	194,292	0	0
Distributions to debt fund investments	(21,354)	0	0
Dividends paid on common and preferred stock	(242,635)	(218,823)	(230,931)
Other obligation related to secured borrowing	0	0	129,656
Tax withholdings related to restricted share awards	(13,903)	(182)	0
Deferred loan costs	(7,268)	(1,442)	(1,407)
Net cash provided by (used in) financing activities	252,750	(252,229)	(449,383)
Net increase (decrease) in cash, cash equivalents, and restricted cash	4,857	(3,881)	(48,535)
Cash, cash equivalents, and restricted cash at beginning of year	331,638	335,519	384,054
Cash, cash equivalents, and restricted cash at end of year	336,495	331,638	335,519
Supplemental cash flow disclosures:
Interest paid	220,341	200,752	229,119
Income taxes paid	6,891	9,001	7,815
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Exchange of preferred equity investment for real estate	138,954	0	0
Exchange of debt investment for real estate or equity in joint venture	0	0	349,946
Acquisition of subsidiary interest from noncontrolling interest	55,435	1,927	0
Transfer of investments to debt fund	38,422	0	0
Measurement adjustment for redeemable noncontrolling interest	18,863	107,632	15,486
Conversion of partner loan	15,632	0	0
Consolidation of a subsidiary	0	50,377	0
Investment in joint venture	0	10,639	0
Deconsolidation of a subsidiary	0	0	101,351
Deconsolidation of subsidiary debt	0	0	1,712,750
Debt and preferred equity investments	0	1,133	0
Extinguishment of debt	0	46,835	0
Removal of fully depreciated commercial real estate properties	5,157	6,903	16,313
Contribution to consolidated joint venture by noncontrolling interest	51	72	8,134
Share repurchase or redemption payable	0	9,514	9,513
Recognition of lease liabilities arising from obtaining right-of-use assets	20,169	0	0
Consolidation of securitization vehicle assets	828,143	600,521	0
Consolidation of securitization vehicle liabilities	828,143	600,521	0
Cash and cash equivalents	155,747	184,294	221,823
Restricted cash	180,748	147,344	113,696
Total cash, cash equivalents, and restricted cash	$ 336,495	$ 331,638	$ 335,519