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Investments in Partnerships - Summary of Equity Method Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments in real estate, at cost:    
Operating properties $ 739,970 $ 847,560
Construction in progress 4,938 6,456
Total investments in real estate 744,908 854,016
Accumulated depreciation (233,300) (247,133)
Net investments in real estate 511,608 606,883
Cash and cash equivalents 22,754 59,004
Deferred costs and other assets, net 149,320 155,247
Total assets 683,682 821,134
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 401,844 493,904
FDP Term Loan, net 111,544 194,602
Partnership Loan 206,259 115,543
Other liabilities 151,777 141,619
Total liabilities 871,424 945,668
Net investment (187,742) (124,534)
Partners’ share (98,960) (62,771)
PREIT’s share (88,782) (61,763)
Excess investment 6,987 6,718
Net investments and advances (81,795) (55,045)
Investment in partnerships, at equity 7,907 16,525
Distributions in excess of partnership investments $ (89,702) $ (71,570)