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Note 4 - Dispositions of Real Estate (Details Textual)
$ in Millions
1 Months Ended 2 Months Ended 12 Months Ended
Oct. 31, 2021
Dec. 31, 2021
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Financing Receivable, Face Amount     $ 25.0    
Disposal Group, Including Discontinued Operation, Consideration [1],[2],[3]   $ 612.4 214.2 $ 191.1 $ 612.4
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, Net of Tax, Attributable to Noncontrolling Interest     1.8 1.7 3.0
Discontinued Operation, Tax Effect of Gain (Loss) from Disposal of Discontinued Operation     1.6 1.2 2.2
Non-recouse Mortgage Debt Related to Property Deconsolidated [Member]          
Debt Instrument, Increase (Decrease), Net, Total   $ (170.0)      
Jamestown [Member]          
Number of Real Estate Properties, Interest Disposed of or Transferred   6      
Disposal Group, Including Discontinued Operation, Consideration   $ 425.8     $ 425.8
Deconsolidation, Gain (Loss), Amount   $ 0.4      
Jamestown [Member]          
Business Acquisition, Percentage of Voting Interests Acquired 70.00%        
Number of Real Estate Properties, Remaining Interest Acquired 6        
Preferred Equity Investments [Member]          
Equity Method Investments     104.1 $ 69.4  
Joint Venture with BREIT [Member]          
Equity Method Investment, Ownership Percentage   50.00%     50.00%
Equity Method Investments   $ 130.1     $ 130.1
Admore PA Property [Member] | Preferred Equity Investments [Member]          
Equity Method Investment, Aggregate Cost     19.6    
Equity Method Investments     $ 33.3    
[1] During 2021, the Company purchased its partner’s 70.0% remaining interest in Jamestown Portfolio, which is comprised of six property interests. The Company then entered into a joint venture with Blackstone Real Estate Income Trust, Inc. (“BREIT”) in which it contributed these six properties for a gross sales price of $425.8 million, including $170.0 million of non-recourse mortgage debt. As a result, the Company no longer consolidates these six property interests and recognized a loss on change in control of interests of $0.4 million. The Company has a 50.0% investment in this joint venture ($130.1 million as of the date of deconsolidation), included in Investments in and advances to real estate joint ventures on the Company’s Consolidated Balance Sheets.
[2] During 2023, the Company contributed a land parcel and related entitlements, located in Admore, PA, into a preferred equity investment with a gross value of $19.6 million. As a result, the Company no longer consolidates this land parcel and has a non-controlling interest in this investment. See Footnote 7 of the Notes to the Company’s Consolidated Financial Statements for preferred equity investment disclosure.
[3] During 2023, the Company provided as a lender seller financing of $25.0 million related to the sale of an operating property located in Gresham, OR. See Footnote 11 of the Notes to the Company’s Consolidated Financial Statements for mortgage receivable loan disclosure.