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Segments - Schedule of Reconciliation of NOI to Net (Loss) Income Attributable to Common Stockholders (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Segment Reporting [Abstract]        
NOI [1] $ 123,314 $ 122,553 $ 239,584 $ 240,757
Fee income 5,974 6,201 17,962 12,871
Depreciation and amortization expense (57,398) (59,925) (113,022) (118,230)
General and administrative expenses (16,706) (18,418) (32,351) (32,782)
NOI from unconsolidated joint ventures (excluding One Steuart Lane) (11,585) (10,557) (22,819) (20,883)
Loss from unconsolidated joint ventures (4,416) (15,717) (9,529) (21,033)
Interest and other income, net 796 1,070 1,027 2,372
Interest and debt expense (35,578) (34,914) (69,855) (69,653)
Other, net (4) 13 49 (88)
Net income (loss) before income taxes 4,397 (9,694) 11,046 (6,669)
Income tax expense (359) (434) (886) (1,575)
Net income (loss) 4,038 (10,128) 10,160 (8,244)
Consolidated joint ventures (4,779) (7,428) (8,204) (13,156)
Consolidated real estate fund 352 29 1,368 (56)
Operating Partnership 29 1,584 (313) 1,935
Net (loss) income attributable to common stockholders $ (360) $ (15,943) $ 3,011 $ (19,521)
[1] NOI is used to measure the operating performance of our properties. NOI consists of rental revenue (which includes property rentals, tenant reimbursements and lease termination income) and certain other property-related revenue less operating expenses (which includes property-related expenses such as cleaning, security, repairs and maintenance, utilities, property administration and real estate taxes). We use NOI internally as a performance measure and believe it provides useful information to investors regarding our financial condition and results of operations because it reflects only those income and expense items that are incurred at the property level. Other real estate companies may use different methodologies for calculating NOI and, accordingly, our presentation of NOI may not be comparable to other real estate companies.