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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 436,017  
Net income (loss) $ (20,942) $ 1,582 (32,599) $ (5,275)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements (4,715) 8,210 (15,000) 34,029
Consolidation of previously unconsolidated investment     29,573  
Reclassification of realized interest expense on swap agreements 3,542 8,850 7,463 17,683
Capital call receivable   6,153    
Noncontrolling interest contributions 377   8,368 43,709
Noncontrolling interest distributions (4,875) (7,960) (9,674) (13,425)
Employee Long-term Incentive Plan Unit Awards 3,035 3,096 5,650 7,347
Ending Balance 437,033   437,033  
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 464,786 465,169 436,017 446,300
Distributions declared per Common OP Unit (1,447) (1,228) (2,891) (2,681)
Net income (loss) (21,181) 2,431 (32,777) (5,141)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (395) (6,427) (2,113) (19,341)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements (575) 2,368 (2,533) 8,605
Consolidation of previously unconsolidated investment     29,573  
Reclassification of realized interest expense on swap agreements (600) (3,687) (1,262) (7,438)
City Point Loan accrued interest 0 0 0 0
Capital call receivable   6,153   0
Noncontrolling interest contributions 377 0 8,368 43,709
Noncontrolling interest distributions (4,875) (7,960) (9,674) (13,425)
Employee Long-term Incentive Plan Unit Awards 2,969 2,473 5,446 6,523
Reallocation of noncontrolling interests [1] (2,026) (2,071) 8,879 110
Ending Balance 437,033 457,221 437,033 457,221
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [2] 369,158 372,462 350,287 346,582
Distributions declared per Common OP Unit [2] 0 0 0 0
Net income (loss) [2] (21,356) 2,238 (33,100) (5,654)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [2] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [2] (274) 2,282 (1,776) 7,660
Consolidation of previously unconsolidated investment [2]     29,573  
Reclassification of realized interest expense on swap agreements [2] (596) (3,637) (1,244) (7,334)
City Point Loan accrued interest [2] 0 0 0 0
Capital call receivable [2]   6,153   0
Noncontrolling interest contributions [2] 377 0 8,368 43,709
Noncontrolling interest distributions [2] (4,875) (7,960) (9,674) (13,425)
Employee Long-term Incentive Plan Unit Awards [2] 0 0 0 0
Reallocation of noncontrolling interests [1],[2] 0 0 0 0
Ending Balance [2] 342,434 371,538 342,434 371,538
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [3] 95,628 92,707 85,730 99,718
Distributions declared per Common OP Unit [3] (1,447) (1,228) (2,891) (2,681)
Net income (loss) [3] 175 193 323 513
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [3] (395) (6,427) (2,113) (19,341)
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [3] (301) 86 (757) 945
Consolidation of previously unconsolidated investment [3]     0  
Reclassification of realized interest expense on swap agreements [3] (4) (50) (18) (104)
City Point Loan accrued interest [3] 0 0 0 0
Capital call receivable [3]   0   0
Noncontrolling interest contributions [3] 0 0 0 0
Noncontrolling interest distributions [3] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [3] 2,969 2,473 5,446 6,523
Reallocation of noncontrolling interests [1],[3] (2,026) (2,071) 8,879 110
Ending Balance [3] 94,599 85,683 94,599 85,683
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [4] 25,897 45,462 30,583 50,339
Distributions declared per Common OP Unit [4] 0 0   0
Net income (loss) [4] (1,724) (2,292) (3,393) (4,846)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [4] 0 0 0 0
Other comprehensive income - unrealized gain (loss) on valuation of swap agreements [4] 0 0 0 0
Consolidation of previously unconsolidated investment [4]     0  
Reclassification of realized interest expense on swap agreements [4] 0 0 0 0
City Point Loan accrued interest [4] (3,009) (2,290) (6,026) (4,613)
Capital call receivable [4]   0   0
Noncontrolling interest contributions [4] 10 0 10  
Noncontrolling interest distributions [4] 0 (6) 0 (6)
Employee Long-term Incentive Plan Unit Awards [4] 0 0 0 0
Reallocation of noncontrolling interests [1],[4] 0 0 0 0
Ending Balance [4] $ 21,174 $ 40,874 $ 21,174 $ 40,874
[1] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[2] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and seven other subsidiaries.
[3] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,054,386 and 2,065,537 Common OP Units as of June 30, 2025 and 2024, respectively; (ii) 188 Series A Preferred OP Units as of both June 30, 2025 and 2024; (iii) 66,519 and 84,785 Series C Preferred OP Units as of June 30, 2025 and 2024, respectively; and (iv) 5,248,423 and 4,690,993 LTIP units as of June 30, 2025 and 2024, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.
[4] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.