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Investments in Partnerships - Summary of Equity Method Investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments in real estate, at cost:    
Operating properties $ 741,998 $ 741,007
Construction in progress 5,378 5,346
Total investments in real estate 747,376 746,353
Accumulated depreciation (242,380) (237,791)
Net investments in real estate 504,996 508,562
Cash and cash equivalents 39,603 28,186
Deferred costs and other assets, net 142,940 142,929
Total assets 687,539 679,677
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 397,998 400,141
FDP Term Loan, net 78,320 104,427
Partnership Loans 246,905 214,008
Other liabilities 165,562 155,873
Total liabilities 888,785 874,449
Net investment (201,246) (194,772)
Partners’ share (105,788) (102,495)
PREIT’s share (95,458) (92,277)
Excess investment 6,987 6,986
Net investments and advances (88,471) (85,291)
Investment in partnerships, at equity 7,621 7,845
Distributions in excess of partnership investments $ (96,092) $ (93,136)