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Investments in Partnerships - Summary of Equity Investments (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Investments in real estate, at cost:    
Operating properties $ 739,183 $ 847,560
Construction in progress 3,110 6,456
Total investments in real estate 742,293 854,016
Accumulated depreciation (228,716) (247,133)
Net investments in real estate 513,577 606,883
Cash and cash equivalents 45,968 59,004
Deferred costs and other assets, net 151,514 155,247
Total assets 711,059 821,134
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 404,055 493,904
FDP Term Loan, net 194,602 194,602
Partnership Loan 119,067 115,543
Other liabilities 146,852 141,619
Total liabilities 864,576 945,668
Net investment (153,517) (124,534)
Partners’ share (81,841) (62,771)
PREIT’s share (71,676) (61,763)
Excess investment 6,963 6,718
Net investments and advances (64,713) (55,045)
Investment in partnerships, at equity 7,967 16,525
Distributions in excess of partnership investments $ (72,680) $ (71,570)