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Investments in Partnerships - Summary of Equity Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investments in real estate, at cost:    
Operating properties $ 847,560 $ 824,328
Construction in progress 6,456 20,632
Total investments in real estate 854,016 844,960
Accumulated depreciation (247,133) (224,641)
Net investments in real estate 606,883 620,319
Cash and cash equivalents 59,004 28,060
Deferred costs and other assets, net 155,247 161,465
Total assets 821,134 809,844
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 493,904 491,119
FDP Term Loan, net 194,602 201,000
Partnership Loan 115,543 100,000
Other liabilities 141,619 132,715
Total liabilities 945,668 924,834
Net investment (124,534) (114,990)
Partners’ share (62,771) (59,080)
PREIT’s share (61,763) (55,910)
Excess investment 6,718 6,390
Net investments and advances (55,045) (49,520)
Investment in partnerships, at equity 16,525 27,066
Distributions in excess of partnership investments $ (71,570) $ (76,586)