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Investments in Partnerships - Summary of Equity Method Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Investments in real estate, at cost:    
Operating properties $ 745,102 $ 741,007
Construction in progress 13,511 5,346
Total investments in real estate 758,613 746,353
Accumulated depreciation (251,317) (237,791)
Net investments in real estate 507,296 508,562
Cash and cash equivalents 54,191 28,186
Deferred costs and other assets, net 140,613 142,929
Total assets 702,100 679,677
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 402,455 400,141
FDP Term Loan, net 73,320 104,427
Partnership Loans 251,939 214,008
Other liabilities 193,164 155,873
Total liabilities 920,878 874,449
Net investment (218,778) (194,772)
Partners’ share (114,519) (102,495)
PREIT’s share (104,259) (92,277)
Excess investment 6,986 6,986
Net investments and advances (97,273) (85,291)
Investment in partnerships, at equity 7,726 7,845
Distributions in excess of partnership investments $ (104,999) $ (93,136)