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Investments in Partnerships - Summary of Equity Investments (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Investments in real estate, at cost:    
Operating properties $ 814,056 $ 824,328
Construction in progress 33,319 20,632
Total investments in real estate 847,375 844,960
Accumulated depreciation (230,320) (224,641)
Net investments in real estate 617,055 620,319
Cash and cash equivalents 34,698 28,060
Deferred costs and other assets, net 155,057 161,465
Total assets 806,810 809,844
LIABILITIES AND PARTNERS’ INVESTMENT:    
Mortgage loans payable, net 488,803 491,119
FDP Term Loan, net 201,000 201,000
Partnership Loan 106,066 100,000
Other liabilities 133,396 132,715
Total liabilities 929,265 924,834
Net investment (122,455) (114,990)
Partners’ share (62,672) (59,080)
PREIT’s share (59,783) (55,910)
Excess investment 6,333 6,390
Net investments and advances (53,450) (49,520)
Investment in partnerships, at equity 21,597 27,066
Distributions in excess of partnership investments $ (75,047) $ (76,586)