Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Reconciliation of Redeemable Noncontrolling Interests in Real Estate Partnership

The following table shows changes in our redeemable noncontrolling interests in consolidated real estate partnerships during the years ended December 31, 2023 , and 2022 (in thousands):

	2023			2022
Balance at Beginning of Period	$	166,826		$	33,794
Capital contributions		125			138,479
Distributions		(9,243	)		(9,365	)
Redemptions		—			(4,911	)
Net income		13,924			8,829
Balance at December 31,	$	171,632		$	166,826

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information for the years ended December 31, 2023, 2022, and 2021 is as follows (in thousands):

	Year Ended December 31,
	2023		2022			2021
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid, net of amounts capitalized	$	32,795	$	45,171		$	43,800
Cash paid for income taxes		1,711		22,930			2,941
Non-cash transactions associated with acquisitions:
Buildings and improvements		—		11,109			—
Intangible assets, net		—		13,377			—
Mark to market adjustment on an assumed construction loan		—		363			—
Right-of-use lease assets - finance leases		—		15,036			—
Other assets, net		—		5,629			—
Accrued liabilities and other		—		(1,854	)		(310	)
Lease liabilities - finance leases		—		15,151			—
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships		—		13,756			—
Contributions from noncontrolling interest in consolidated real estate partnerships		—		—			3,159
Other non-cash investing and financing transactions:
Right-of-use lease assets - operating leases		718		2,336			143
Lease liabilities - operating leases		718		1,587			—
Issuance of seller financing in connection with disposition of real estate		17,432		—			—
Contribution of real estate to unconsolidated real estate partnerships		5,700		—			—
Accrued capital expenditures (at end of year)		40,340		41,435			25,686

Summary of Other Assets

Other assets were comprised of the following amounts as of December 31, 2023 and 2022 (in thousands):

	As of December 31,
	2023		2022
Other investments	$	65,066	$	63,982
Deferred costs, deposits, and other		10,601		20,460
Prepaid expenses and real estate taxes		13,628		17,363
Intangible assets, net		13,494		14,160
Corporate fixed assets		10,669		8,371
Accounts receivable, net of allowances of $373 and $1,206 as of December 31, 2023 and December 31, 2022, respectively		4,804		4,079
Deferred tax assets		2,391		2,321
Due from third-party property manager		374		1,669
Due from affiliates		434		274
Total other assets, net	$	121,461	$	132,679

Summary of Intangible Assets and Liabilities Net of Accumulated Amortization

Intangible assets are included in Other assets, net and intangible liabilities are included in Accrued liabilities and other in our Consolidated Balance Sheets. The following table details intangible assets and liabilities, net of accumulated amortization, for the years ended December 31, 2023 and 2022 (in thousands):

	As of December 31,
	2023			2022
Intangible assets	$	25,950		$	29,902
Less: accumulated amortization		(12,456	)		(15,742	)
Intangible assets, net	$	13,494		$	14,160
Below-market leases	$	4,175		$	4,175
Less: accumulated amortization		(4,146	)		(3,971	)
Intangible liabilities, net	$	29		$	204

Schedule of Estimated Aggregate Annual Amortization Expense

Based on the balance of intangible assets and liabilities as of December 31, 2023, the net aggregate amortization for the next five years and thereafter is expected to be as follows (in thousands):

	Intangible assets		Intangible liabilities
2024	$	711	$	29
2025		892		—
2026		892		—
2027		892		—
2028		892		—
Thereafter		9,215		—
Total future amortization	$	13,494	$	29