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SEGMENT INFORMATION - Schedule of Reconciliation of Consolidated Net Income to Consolidated NOI (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting [Abstract]            
Net income (loss) $ (88,936) $ (27,056) $ 30,267 $ (16,414) $ (115,992) $ 13,853
Plus:            
Interest expense 32,345   29,494   64,190 54,543
Interest expense - amortization of deferred financing costs 1,197   1,415   2,427 2,506
Depreciation and amortization 43,762   44,187   88,115 89,229
General and administrative expenses 9,325   8,941   26,795 20,045
Equity in loss of unconsolidated real estate ventures 14,832   14,507   25,343 28,095
Provision for impairment 63,369   6,427   63,369 6,427
Gain on early extinguishment of debt 0   (941)   0 (941)
Less:            
Interest and investment income 850   1,512   2,036 1,933
Income tax provision (85)   (9)   (85) (11)
Net gain (loss) on disposition of real estate (86)   0   2,973 0
Net gain on real estate venture transactions 0   53,762   183 53,733
Consolidated net operating income $ 75,215   $ 79,032   $ 149,140 $ 158,102