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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES (Tables)
 9 Months Ended
Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Financial Position of Real Estate Ventures The following is a summary of the financial position of the unconsolidated real estate ventures in which the Company held interests as of September 30, 2022 and December 31, 2021 (in thousands):
September 30, 2022December 31, 2021
Net property$1,980,666 $1,563,263 
Other assets528,294 434,687 
Other liabilities426,614 331,947 
Debt, net1,228,937 956,668 
Equity (a)853,409 709,335 
(a)This amount does not include the effect of the basis difference between the Company's historical cost basis and the basis recorded at the real estate venture level, which is typically amortized over the life of the related assets and liabilities. Basis differentials occur from the impairment of investments, purchases of third party interests in existing real estate ventures and upon the transfer of assets that were previously owned by the Company into a real estate venture. In addition, certain acquisition, transaction and other costs may not be reflected in the net assets at the real estate venture level.
Schedule of Results Of Unconsolidated Real Estate Ventures
The following is a summary of results of operations of the unconsolidated real estate ventures in which the Company held interests during the three and nine month periods ended September 30, 2022 and 2021 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Revenue$63,800 $53,991 $181,973 $160,576 
Operating expenses(32,735)(29,650)(92,998)(87,266)
Interest expense, net(14,012)(8,024)(33,144)(23,414)
Depreciation and amortization(28,064)(23,038)(77,274)(73,431)
Provision for impairment— (1,125)— (1,125)
Net loss$(11,011)$(7,846)$(21,443)$(24,660)
Ownership interest %VariousVariousVariousVarious
Company's share of net loss$(6,092)$(6,572)$(15,531)$(20,394)
Basis adjustments and other(168)(62)(273)(404)
Equity in loss of unconsolidated real estate ventures$(6,260)$(6,634)$(15,804)$(20,798)