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Investments in and Advances to Unconsolidated Affiliates - Unconsolidated Affiliates - Schedule of Condensed Income Statement (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Combined and Condensed Statements of Operations        
Depreciation and amortization $ (39,269) $ (34,281) $ (78,709) $ (69,221)
Impairment of Investment     1,543 (4,035)
Company's equity in (losses) earnings of unconsolidated affiliates (4,191) 4,480 (5,904) 4,168
Unconsolidated Affiliates        
Combined and Condensed Statements of Operations        
Total revenues 29,016 28,180 61,142 56,184
Operating and other expenses (10,981) (10,149) (23,230) (20,135)
Interest expense (10,713) (10,205) (22,163) (20,619)
Depreciation and amortization (13,622) (10,129) (26,474) (21,795)
Gain on extinguishment of debt [1] 951 853 1,922 2,011
Impairment of Investment 0 (288) 0 (288)
(Loss) gain on disposition of properties [2] (1,030) 8,519 (1,030) 8,519
Net (loss) income attributable to unconsolidated affiliates (6,379) 6,781 (9,833) 3,877
Operating Partnership, as General Partner or Managing Member        
Combined and Condensed Statements of Operations        
Company's share of equity in net (losses) earnings of unconsolidated affiliates (4,093) 4,724 (5,708) 4,656
Basis differential amortization (98) (244) (196) (488)
Company's equity in (losses) earnings of unconsolidated affiliates $ (4,191) $ 4,480 $ (5,904) $ 4,168
[1] Includes the gain on debt extinguishment related to the restructuring at 840 N. Michigan Avenue for the three and six months ended June 30, 2025 and 2024.
[2] Includes the loss on the sale of Eden Square for the three and six months ended June 30, 2025. Includes the gain on the sale of Paramus Plaza for the three and six months ended June 30, 2024.