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Investments in Partnerships - Summary of Equity Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments in real estate, at cost:    
Operating properties $ 741,007 $ 847,560
Construction in progress 5,346 6,456
Total investments in real estate 746,353 854,016
Accumulated depreciation (237,791) (247,133)
Net investments in real estate 508,562 606,883
Cash and cash equivalents 28,186 59,004
Deferred costs and other assets, net 142,929 155,247
Total assets 679,677 821,134
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 400,141 493,904
FDP Term Loan, net 104,427 194,602
Partnership Loans 214,008 115,543
Other liabilities 155,873 141,619
Total liabilities 874,449 945,668
Net investment (194,772) (124,534)
Partners’ share (102,495) (62,771)
PREIT’s share (92,277) (61,763)
Excess investment 6,986 6,718
Net investments and advances (85,291) (55,045)
Investment in partnerships, at equity 7,845 16,525
Distributions in excess of partnership investments $ (93,136) $ (71,570)