XML 65 R50.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Investments in Unconsolidated Joint Ventures (Statements of Operations of the Joint Ventures) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Schedule of Equity Method Investments [Line Items]    
Total revenue $ 839,439 $ 803,200
Expenses    
Transaction costs 513 911
Depreciation and amortization 218,716 208,734
Total expenses 593,712 568,661
Other income (expense)    
Interest expense (161,891) (134,207)
Net Loss 106,604 105,628
Income (Loss) from Equity Method Investments 19,186 (7,569)
Unconsolidated Joint Ventures [Member]    
Schedule of Equity Method Investments [Line Items]    
Total revenue [1] 130,392 151,423
Expenses    
Operating 49,194 57,206
Transaction costs 2 74
Depreciation and amortization 39,424 49,978
Total expenses 88,620 107,258
Other income (expense)    
Interest expense (43,563) (57,250)
Unrealized gain (loss) on derivative instruments 10,112 10,610
Net Loss 8,321 (23,695)
Company's share of net income (loss) 2,960 (6,902)
Gain (loss) on sale / consolidation 21,696 0
Basis differential [2] (5,470) (667)
Income (Loss) from Equity Method Investments 19,186 (7,569)
Straight Line Rent Adjustments 7,700 6,300
Unconsolidated Joint Ventures [Member] | Basis Differential    
Expenses    
Depreciation and amortization 2,900 3,700
Other income (expense)    
Straight Line Rent Adjustments 300 300
Above and below market rent adjustments, net 200 200
Derivative, Gain (Loss) on Derivative, Net $ 2,700 $ (2,800)
[1] Includes straight-line rent adjustments of approximately $7.7 million and $6.3 million for the three months ended March 31, 2024 and 2023, respectively.
[2] Includes depreciation and amortization of approximately $2.9 million and $3.7 million for the three months ended March 31, 2024 and 2023, respectively. Includes unrealized gain (loss) on derivative instruments of approximately $2.7 million and $(2.8) million for the three months ended March 31, 2024 and 2023, respectively. Includes straight-line rent adjustments of approximately $0.3 million for the three months ended March 31, 2024 and 2023. Also includes net above-/below-market rent adjustments of approximately $0.2 million for the three months ended March 31, 2024 and 2023.