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Investments in Partnerships - Summary of Equity Method Investments (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Investments in real estate, at cost:    
Operating properties $ 742,502 $ 741,007
Construction in progress 9,176 5,346
Total investments in real estate 751,678 746,353
Accumulated depreciation (246,944) (237,791)
Net investments in real estate 504,734 508,562
Cash and cash equivalents 40,016 28,186
Deferred costs and other assets, net 144,097 142,929
Total assets 688,847 679,677
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 396,106 400,141
FDP Term Loan, net 75,820 104,427
Partnership Loans 249,215 214,008
Other liabilities 177,283 155,873
Total liabilities 898,424 874,449
Net investment (209,577) (194,772)
Partners’ share (109,920) (102,495)
PREIT’s share (99,657) (92,277)
Excess investment 6,986 6,986
Net investments and advances (92,671) (85,291)
Investment in partnerships, at equity 7,790 7,845
Distributions in excess of partnership investments $ (100,461) $ (93,136)