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Investments in Partnerships - Summary of Equity Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Investments in real estate, at cost:    
Operating properties $ 844,214 $ 824,328
Construction in progress 7,786 20,632
Total investments in real estate 852,000 844,960
Accumulated depreciation (240,713) (224,641)
Net investments in real estate 611,287 620,319
Cash and cash equivalents 51,433 28,060
Deferred costs and other assets, net 163,575 161,465
Total assets 826,295 809,844
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 496,257 491,119
FDP Term Loan, net 194,603 201,000
Partnership Loan 109,897 100,000
Other liabilities 139,904 132,715
Total liabilities 940,661 924,834
Net investment (114,366) (114,990)
Partners’ share (57,984) (59,080)
PREIT’s share (56,382) (55,910)
Excess investment 6,702 6,390
Net investments and advances (49,680) (49,520)
Investment in partnerships, at equity 19,947 27,066
Distributions in excess of partnership investments $ (69,627) $ (76,586)