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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 2025
Investments In Unconsolidated Real Estate Joint Ventures [Abstract]  
Schedule of Equity Method Investments We have an ownership interest in the following unconsolidated real estate joint ventures:
As of September 30, 2025
Joint VentureCenter LocationOwnership %Square Feet
(in 000’s)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions)(1)
Investments included in investments in unconsolidated joint ventures:
RioCan CanadaOntario, Canada50.0 %665 $65.7 — 
Investments included in other liabilities:
Charlotte(2)
Charlotte, NC50.0 %399 (20.5)$96.2 
National Harbor(2)
National Harbor, MD50.0 %341 (12.1)90.6 
Galveston/Houston (2)
Texas City, TX50.0 %353 (13.7)59.2 
Columbus(2)
Columbus, OH50.0 %355 (5.7)70.5 
50.0 %1,448$(52.0)$316.5 
As of December 31, 2024
Joint VentureCenter LocationOwnership %Square Feet
(in 000’s)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions)(1)
Investments included in investments in unconsolidated joint ventures:
RioCan CanadaOntario, Canada50.0 %665 $65.7 — 
Investments included in other liabilities:
Charlotte(2)
Charlotte, NC50.0 %399 (21.3)$97.6 
National Harbor(2)
National Harbor, MD50.0 %341 (11.1)91.8 
Galveston/Houston(2)
Texas City, TX50.0 %353 (13.3)57.4 
Columbus(2)
Columbus, OH50.0 %355 (5.0)70.4 
50.0 %1,448$(50.7)$317.2 
(1)Net of debt origination costs of $1.7 million as of September 30, 2025 and $1.6 million as of December 31, 2024.
(2)We separately report investments in joint ventures for which accumulated distributions have exceeded investments in and our share of net income or loss of the joint ventures within other liabilities in the consolidated balance sheets because we are committed and intend to provide further financial support to these joint ventures. The negative carrying value is due to the distributions of proceeds from mortgage loans and quarterly distributions of excess cash flow exceeding the original contributions from the partners and equity in earnings of the joint ventures.
Schedule of Development, Loan Guarantee, Management, Leasing, and Marketing Fees Paid By Unconsolidated JVs
Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
Three months endedNine months ended
September 30,September 30,
 2025202420252024
Fee:
Management and marketing$610 $575 $1,749 $1,702 
Leasing and other fees143 81 277 293 
Expense reimbursements from unconsolidated joint ventures1,388 1,369 3,928 3,677 
Total Fees$2,141 $2,025 $5,954 $5,672 
Summary Financial Information of Unconsolidated JVs Balance Sheet
September 30, 2025December 31, 2024
Assets  
Land$79,108 $79,920 
Buildings, improvements and fixtures468,874 459,148 
Construction in progress630 1,051 
548,612 540,119 
Accumulated depreciation(229,183)(214,826)
Total rental property, net319,429 325,293 
Cash and cash equivalents15,385 17,480 
Deferred lease costs and other intangibles, net2,534 1,841 
Prepaids and other assets13,698 10,137 
Total assets$351,046 $354,751 
Liabilities and Owners’ Equity  
Mortgages payable, net $316,529 $317,191 
Accounts payable and other liabilities14,140 14,670 
Total liabilities330,669 331,861 
Owners’ equity20,377 22,890 
Total liabilities and owners’ equity$351,046 $354,751 
Summary Financial Information Of Unconsolidated JVs Statements of Operations
 Three months endedNine months ended
Condensed Combined Statements of Operations - Unconsolidated Joint VenturesSeptember 30,September 30,
2025202420252024
Revenues $25,921 $23,774 $74,133 $69,476 
Expenses: 
Property operating9,223 9,342 27,219 26,210 
General and administrative16 40 38 170 
Depreciation and amortization4,657 5,359 14,941 14,380 
Total expenses13,896 14,741 42,198 40,760 
Other income (expense):
Interest expense(4,081)(4,587)(13,432)(13,675)
Other income145 216 405 598 
Total other expense(3,936)(4,371)(13,027)(13,077)
Net income$8,089 $4,662 $18,908 $15,639 
The Company and Operating Partnership’s share of:  
Net income$4,221 $2,312 $9,654 $7,803 
Depreciation and amortization (real estate related)$2,292 $2,850 $7,458 $7,450