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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting [Abstract]        
NOI [1] $ 107,328 $ 123,314 $ 231,317 $ 239,584
Fee income 4,976 5,974 9,533 17,962
Depreciation and amortization expense (62,627) (57,398) (121,515) (113,022)
General and administrative expenses (16,224) (16,706) (30,847) (32,351)
Loss from real estate related fund investments (42,644) 0 (39,094) 0
NOI from unconsolidated joint ventures (excluding One Steuart Lane) (10,720) (11,585) (21,101) (22,819)
Loss from unconsolidated joint ventures (28,402) (4,416) (34,164) (9,529)
Interest and other income, net 2,967 796 5,892 1,027
Interest and debt expense (36,879) (35,578) (73,338) (69,855)
Other, net (31) (4) (337) 49
(Loss) income before income taxes (82,256) 4,397 (73,654) 11,046
Income tax expense (573) (359) (861) (886)
Net (loss) income (82,829) 4,038 (74,515) 10,160
Consolidated joint ventures (5,351) (4,779) (10,992) (8,204)
Consolidated real estate related funds 37,301 352 36,478 1,368
Operating Partnership 3,341 29 3,220 (313)
Net (loss) income attributable to common stockholders $ (47,538) $ (360) $ (45,809) $ 3,011
[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.