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Investments in Partnerships - Summary of Equity Investments (Detail) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]    
Total assets $ 644,613 $ 653,645
Investments in real estate, at cost:    
Operating properties 639,874 636,774
Construction in progress 128,479 126,199
Total investments in real estate 768,353 762,973
Accumulated depreciation (191,450) (186,580)
Net investments in real estate 576,903 576,393
Cash and cash equivalents 29,711 37,362
Deferred costs and other assets, net 37,999 39,890
Total assets 644,613 653,645
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable 444,599 440,450
Other liabilities 22,853 30,425
Total liabilities 467,452 470,875
Net investment 177,161 182,770
Partners’ share 91,516 95,165
PREIT’s share 85,645 87,605
Excess investment [1] 7,638 7,877
Net investments and advances 93,283 95,482
Investment in partnerships, at equity 157,995 161,029
Distributions in excess of partnership investments $ (64,712) $ (65,547)
[1] Excess investment represents the unamortized difference between our investment and our share of the equity in the underlying net investment in the partnerships. The excess investment is amortized over the life of the properties, and the amortization is included in “Equity in income of partnerships.”