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Investments in Partnerships - Summary of Equity Investments (Detail) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]    
Total assets $ 759,531 $ 668,020
Investments in real estate, at cost:    
Operating properties 639,533 649,960
Construction in progress 247,574 160,699
Total investments in real estate 887,107 810,659
Accumulated depreciation (216,581) (207,987)
Net investments in real estate 670,526 602,672
Cash and cash equivalents 47,932 27,643
Deferred costs and other assets, net 41,073 37,705
Total assets 759,531 668,020
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 441,956 445,224
Other liabilities 44,698 23,945
Total liabilities 486,654 469,169
Net investment 272,877 198,851
Partners’ share 137,455 101,045
PREIT’s share 135,422 97,806
Excess investment [1] 10,537 8,969
Net investments and advances 145,959 106,775
Investment in partnerships, at equity 206,618 168,608
Distributions in excess of partnership investments $ (60,659) $ (61,833)
[1] Excess investment represents the unamortized difference between our investment and our share of the equity in the underlying net investment in the unconsolidated partnerships. The excess investment is amortized over the life of the properties, and the amortization is included in “Equity in income of partnerships.”