Real Estate (Tables)

6 Months Ended

Jun. 30, 2024

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Consolidated Real Estate

The Company’s consolidated real estate is comprised of the following for the periods presented (in thousands):

	June 30,			December 31,
	2024			2023
Land	$	849,524		$	872,228
Buildings and improvements		3,106,413			3,128,650
Tenant improvements		283,309			257,955
Construction in progress		21,023			23,250
Right-of-use assets - finance leases (Note 11)		58,637			58,637
Total		4,318,906			4,340,720
Less: Accumulated depreciation and amortization		(871,994	)		(823,439	)
Operating real estate, net		3,446,912			3,517,281
Real estate under development		101,802			94,799
Net investments in real estate	$	3,548,714		$	3,612,080

Schedule of Property Dispositions

During the six months ended June 30, 2024, The Company disposed of the following properties and other real estate investments:

Property and Location	Owner	Date Sold	Sale Price		Gain (Loss) on Sale
2024 Dispositions
2208-2216 Fillmore Street - San Francisco, CA	Fund IV	4/3/2024	$	9,777	$	1,239
2207 Fillmore Street - San Francisco, CA	Fund IV	4/3/2024		4,283		1,130
Shops at Grand - Queens, NY	Core	5/16/2024		48,250		(2,213	)
Canton Marketplace (Outparcel) - Canton, GA	Fund V	6/28/2024		2,200		601
Total 2024 Dispositions (a)			$	64,510	$	757

(a)During the six months ended June 30, 2024, the Company recorded a $1.2 million loss related to a Fund IV property that was sold in 2019 in connection with a post-closing dispute.

Schedule Of Development In Process Activities

Development activity for the Company’s consolidated properties comprised the following during the periods presented (dollars in thousands):

	January 1, 2024				Six Months Ended June 30, 2024						June 30, 2024
	Number of Properties		Carrying Value		Transfers In		Capitalized Costs		Transfers Out		Number of Properties		Carrying Value
Core		2	$	66,083	$	—	$	5,893	$	—		2		71,976
Fund III		1		28,716		—		1,110		—		1		29,826
Total		3	$	94,799	$	—	$	7,003	$	—		3	$	101,802