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Investments in Partnerships - Summary of Equity Investments (Detail) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]    
Total assets $ 754,043 $ 668,020
Investments in real estate, at cost:    
Operating properties 612,623 649,960
Construction in progress 261,735 160,699
Total investments in real estate 874,358 810,659
Accumulated depreciation (201,964) (207,987)
Net investments in real estate 672,394 602,672
Cash and cash equivalents 47,431 27,643
Deferred costs and other assets, net 34,218 37,705
Total assets 754,043 668,020
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 440,315 445,224
Other liabilities 54,079 23,945
Total liabilities 494,394 469,169
Net investment 259,649 198,851
Partners’ share 130,627 101,045
PREIT’s share 129,022 97,806
Excess investment [1] 12,107 8,969
Net investments and advances 141,129 106,775
Investment in partnerships, at equity 201,000 168,608
Distributions in excess of partnership investments $ (59,871) $ (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.”