XML 75 R62.htm IDEA: XBRL DOCUMENT v3.20.4
Investments in Unconsolidated Joint Ventures - Combined Condensed Statements of Operations of Unconsolidated Joint Ventures (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:                      
Leasing revenue                 $ 740,323 $ 858,874 $ 883,996
Total revenues $ 194,643 $ 185,844 $ 178,587 $ 226,952 $ 241,841 $ 231,127 $ 227,972 $ 226,522 786,026 927,462 960,351
Expenses:                      
Leasing expense                 25,191 29,611  
Interest expense                 75,550 138,254 182,962
Depreciation and amortization                 319,619 330,726 327,436
Total expenses                 773,487 859,918 934,931
Loss on sale or write down of assets, net                 (68,112) (11,909) (31,825)
Net (loss) income                 (245,462) 102,554 68,972
Company's equity in net loss                 (27,038) 48,508 71,773
Other                      
Revenues:                      
Revenues                 22,242 27,879 32,875
Shopping center and operating expenses                      
Expenses:                      
Operating expenses                 257,212 271,547 277,470
Joint venture                      
Expenses:                      
Company's equity in net loss                 (27,038) 48,508 71,773
Joint venture | PPR Portfolio                      
Expenses:                      
Loss on sale or write down of assets, net                 (120) (452) (140)
Company's equity in net loss                 (10,371) (590) (16)
Joint venture | Other Joint Ventures                      
Expenses:                      
Loss on sale or write down of assets, net                 157 (380) 14,471
Company's equity in net loss                 (16,667) 49,098 71,789
Joint venture | PPR Portfolio                      
Revenues:                      
Leasing revenue                 171,505 187,789 186,924
Total revenues                 172,119 189,387 187,829
Expenses:                      
Leasing expense                 1,325 1,598  
Interest expense                 64,460 67,354 67,117
Depreciation and amortization                 102,788 100,490 97,885
Total expenses                 205,591 206,970 204,285
Net (loss) income                 (33,592) (18,035) (16,596)
Joint venture | PPR Portfolio | Other                      
Revenues:                      
Revenues                 614 1,598 905
Joint venture | PPR Portfolio | Shopping center and operating expenses                      
Expenses:                      
Operating expenses                 37,018 37,528 39,283
Joint venture | Other Joint Ventures                      
Revenues:                      
Leasing revenue                 633,357 712,860 727,328
Total revenues                 651,796 762,044 768,748
Expenses:                      
Leasing expense                 4,173 6,695  
Interest expense                 151,857 150,111 145,915
Depreciation and amortization                 285,948 273,565 248,778
Total expenses                 682,117 680,969 641,345
Net (loss) income                 (30,164) 80,695 141,874
Joint venture | Other Joint Ventures | Other                      
Revenues:                      
Revenues                 18,439 49,184 41,420
Joint venture | Other Joint Ventures | Shopping center and operating expenses                      
Expenses:                      
Operating expenses                 240,139 250,598 246,652
Joint venture | Total                      
Revenues:                      
Leasing revenue                 804,862 900,649 914,252
Total revenues                 823,915 951,431 956,577
Expenses:                      
Leasing expense                 5,498 8,293  
Interest expense                 216,317 217,465 213,032
Depreciation and amortization                 388,736 374,055 346,663
Total expenses                 887,708 887,939 845,630
Loss on sale or write down of assets, net                 37 (832) 14,331
Net (loss) income                 (63,756) 62,660 125,278
Joint venture | Total | Other                      
Revenues:                      
Revenues                 19,053 50,782 42,325
Joint venture | Total | Shopping center and operating expenses                      
Expenses:                      
Operating expenses                 $ 277,157 $ 288,126 285,935
Affiliated entity | Northwestern Mutual Life (NML)                      
Expenses:                      
Interest expense                     $ 20,197