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Investments in Partnerships - Summary of Equity Investments (Detail) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]    
Total assets $ 755,675 $ 763,870
Investments in real estate, at cost:    
Operating properties 563,525 612,689
Construction in progress 334,579 293,102
Total investments in real estate 898,104 905,791
Accumulated depreciation (200,286) (202,424)
Net investments in real estate 697,818 703,367
Cash and cash equivalents 26,391 26,158
Deferred costs and other assets, net 31,466 34,345
Total assets 755,675 763,870
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 512,772 513,139
Long Term Debt Equity Method Investment, net 247,517 0
Other liabilities 36,359 37,971
Total liabilities 796,648 551,110
Net investment (40,973) 212,760
Partners’ share (20,396) 106,886
PREIT’s share (20,577) 105,874
Excess investment [1] 13,870 13,081
Net investments and advances (6,707) 118,955
Investment in partnerships, at equity 90,188 216,823
Distributions in excess of partnership investments $ (96,895) $ (97,868)
[1] Excess investment represents the unamortized difference between our investment and our share of the equity in the underlying net investment in the unconsolidated partnerships. The excess investment is amortized over the life of the properties, and the amortization is included in “Equity in income of partnerships.”