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NLOP Spin-Off (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following table summarizes assets, liabilities, and equity derecognized in connection with the Spin-Off (in thousands):

Assets
Investments in real estate:
Land, buildings and improvements — net lease and other$1,299,400 
In-place lease and other intangible assets373,631 
Above-market rent intangible assets58,426 
Investments in real estate1,731,457 
Accumulated depreciation and amortization(454,768)
Net investments in real estate1,276,689 
Cash and cash equivalents and restricted cash9,141 
Other assets, net (excluding restricted cash)70,472 
Goodwill (Note 8)
61,737 
Less: impairment charges (Note 10)
(47,282)
Total assets$1,370,757 
Liabilities and Equity
Non-recourse mortgages, net$164,743 
Accounts payable, accrued expenses and other liabilities54,199 
Below-market rent and other intangible liabilities11,799 
Deferred income taxes9,718 
Total liabilities240,459 
Distributions in excess of accumulated earnings229,712 
Accumulated other comprehensive loss(35,664)
Noncontrolling interests4,406 
Total equity198,454 
Total liabilities and equity$438,913 

The following table summarizes the impact to the components of Total equity in connection with the Spin-Off (in thousands):

Impact to Total Equity 
Total assets derecognized (excluding cash and cash equivalents and restricted cash)$(1,361,616)
Total liabilities derecognized240,459 
Net assets derecognized(1,121,157)
Less: Proceeds in connection with the Spin-Off, reflecting cash and cash equivalents and restricted cash derecognized (described below under “Debt Facility”)343,885 
Impact to Total equity$(777,272)
Impact to Components of Total Equity
Distributions in excess of accumulated earnings derecognized$(229,712)
Accumulated other comprehensive income derecognized35,664 
Noncontrolling interests derecognized(4,406)
Reduction to Additional paid-in capital(578,818)
Impact to Total equity$(777,272)