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Mortgage and Other Indebtedness, Net - Debt of Operating Partnership (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
May 31, 2024
Dec. 31, 2023
Feb. 28, 2023
Debt Instrument [Line Items]        
Mortgage notes payable $ 879,488   $ 915,753  
Mortgage and other indebtedness, variable-rate debt 933,374   1,028,213  
Total fixed-rate and variable-rate debt 1,812,862   1,943,966  
Unamortized deferred financing costs (9,644)   (13,221)  
Debt discounts [1] (28,099)   (41,942)  
Total mortgage and other indebtedness, net $ 1,775,119   $ 1,888,803  
Weighted average interest rate (as a percent) [2] 7.01%   7.12%  
Notional amount of the swap $ 32,000 $ 32,000    
Interest rate percentage 7.3975% 7.3975%   4.25%
Five Mortgage Notes Payable        
Debt Instrument [Line Items]        
Remaining debt discount amortization period 1 year 7 months 6 days      
Fixed Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2] 5.62%   5.63%  
Variable Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2] 8.31%   8.44%  
Loans on Operating Properties        
Debt Instrument [Line Items]        
Mortgage notes payable $ 709,457   $ 736,573  
Mortgage and other indebtedness, variable-rate debt $ 32,880   $ 33,780  
Loans on Operating Properties | Fixed Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2] 5.30%   5.30%  
Loans on Operating Properties | Variable Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2] 8.70%   8.84%  
Secured Term Loan        
Debt Instrument [Line Items]        
Mortgage and other indebtedness, variable-rate debt $ 730,463   $ 799,914  
Secured Term Loan | Variable Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2] 8.07%   8.21%  
Open-Air Centers and Outparcels Loan        
Debt Instrument [Line Items]        
Mortgage notes payable [3] $ 170,031   $ 179,180  
Mortgage and other indebtedness, variable-rate debt [3] $ 170,031   $ 179,180  
Open-Air Centers and Outparcels Loan | Fixed Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2],[3] 9.30%   9.44%  
Open-Air Centers and Outparcels Loan | Variable Rate Interest        
Debt Instrument [Line Items]        
Weighted average interest rate (as a percent) [2],[3] 6.95%   6.95%  
Recourse Loans on an Operating Property        
Debt Instrument [Line Items]        
Mortgage and other indebtedness, variable-rate debt     $ 15,339  
Weighted average interest rate (as a percent) [2]     8.24%  
[1] In conjunction with fresh start accounting upon emergence from bankruptcy on November 1, 2021, the Company estimated the fair value of its mortgage notes with the assistance of a third-party valuation advisor. This resulted in recognizing debt discounts upon emerging from bankruptcy. The debt discounts are accreted over the term of the respective debt using the effective interest method. The remaining debt discounts at September 30, 2024 will be accreted over a weighted average period of 1.6 years.
[2] Weighted-average interest rate excludes amortization of deferred financing costs.
[3] The Operating Partnership has an interest rate swap on a notional amount of $32,000 related to the variable portion of the loan to effectively fix the interest rate at 7.3975%.