XML 68 R57.htm IDEA: XBRL DOCUMENT v3.25.0.1
Real Estate - Schedule of Property Dispositions (Details) - USD ($)
$ in Thousands
12 Months Ended
Oct. 25, 2024
May 16, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Gain (Loss) on Sale     $ (834) $ 0 $ 57,161
Disposed of by sale          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Sale Price     95,876    
Gain (Loss) on Sale [1]     $ 364    
Disposed of by sale | Shops at Grand - Queens, NY          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Gain (Loss) on Sale   $ (2,200)      
Disposed of by sale | Walk at Highwoods - Tampa, FL          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Sale Price $ 31,400        
Gain (Loss) on Sale $ (400)        
Fund IV | Disposed of by sale | 2208-2216 Fillmore Street - San Francisco, CA          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Date sold     Apr. 03, 2024    
Sale Price     $ 9,777    
Gain (Loss) on Sale [1]     $ 1,239    
Fund IV | Disposed of by sale | 2207 Fillmore Street - San Francisco, CA          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Date sold     Apr. 03, 2024    
Sale Price     $ 4,283    
Gain (Loss) on Sale [1]     $ 1,130    
Core Portfolio | Disposed of by sale | Shops at Grand - Queens, NY          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Date sold [2]     May 16, 2024    
Sale Price [2]     $ 48,250    
Gain (Loss) on Sale [1],[2]     $ (2,213)    
Fund V | Disposed of by sale | Canton Marketplace (Outparcel) - Canton, GA          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Date sold     Jun. 28, 2024    
Sale Price     $ 2,200    
Gain (Loss) on Sale [1]     $ 601    
Investment Management | Disposed of by sale | Walk at Highwoods Preserve - Tampa, FL          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Date sold [3]     Oct. 25, 2024    
Sale Price [3]     $ 31,366    
Gain (Loss) on Sale [1],[3]     $ (393)    
[1] During the first quarter of 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.
[2] On May 16, 2024, the Company contributed its Shops at Grand property located in Queens, New York to a newly formed unconsolidated joint venture and retained a 5% non-controlling ownership interest which was fair valued at $2.4 million. As a result of the transaction, the Company deconsolidated the property and accounted for its interest under the equity method of accounting effective May 16, 2024 as it no longer controls the investment (Note 4). The Company recognized a loss on deconsolidation of $2.2 million related to transaction costs, which is included in the Loss on disposition of properties in the Consolidated Statements of Operations.
[3] On October 25, 2024, the Company contributed its Walk at Highwoods Preserve property located in Tampa, Florida to a newly formed unconsolidated joint venture for $31.4 million and retained a 20% non-controlling ownership interest which was valued at $6.4 million. As a result of the transaction, the Company deconsolidated the property and accounted for its interest under the equity method of accounting effective October 25, 2024 as it no longer controls the investment (Note 4). The Company recognized a loss on deconsolidation of $0.4 million related to transaction costs, which is included in the Loss on disposition of properties in the Consolidated Statements of Operations.