Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Non-cash Investing and Financing Activities

Non-cash investing and financing activities are summarized as follows (in millions):

	For the Year Ended December 31,
	2023		2022		2021
Consolidation of the net assets (excluding mortgages as disclosed    below) of previously unconsolidated joint ventures	$	—	$	42.8	$	132.3
Repurchase of Operating Partnership units		4.1		—		2.1
Net assets acquired from unconsolidated joint ventures		—		8.5		11.6
Mortgages assumed, of previously unconsolidated joint ventures		—		—		73.9
Mortgages assumed, shopping center acquisitions		—		—		17.9
Accrued liabilities for sold properties		5.4		—		—
Accounts payable related to construction in progress		7.0		12.2		13.4
Dividends declared, but not paid		63.8		30.4		28.2
Tax receivable – investment sale proceeds		—		—		2.1
Assumption of buildings due to ground lease terminations		—		2.9		—
Write-off of preferred share original issuance costs		—		—		5.1

Estimated Useful Lives of Assets

Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets as follows:

Buildings	Useful lives, ranging from 30 to 40 years
Building improvements and fixtures	Useful lives, ranging from 3 to 20 years
Tenant improvements	Shorter of economic life or lease terms

Schedule of Fee and Other Income

Revenues earned by the Company related to all of the Company’s unconsolidated joint ventures are as follows (in millions):

	For the Year Ended December 31,
	2023		2022		2021
Revenue from contracts:
Asset and property management fees	$	5.7	$	7.7	$	10.6
Leasing commissions and development fees		0.4		1.9		2.2
		6.1		9.6		12.8
Other		0.7		1.0		1.7
	$	6.8	$	10.6	$	14.5

Accounting Standards Update 2014-09 [Member]

Schedule of Fee and Other Income

Revenue from contracts with customers and other property-related income and is recognized in the period earned as follows (in thousands):

	For the Year Ended December 31,
	2023		2022		2021
Revenue from contracts:
Asset and property management fees from joint ventures	$	5,692	$	7,720	$	10,560
Leasing commissions and development fees		430		1,856		2,191
Disposition, asset and property management fees from RVI		150		980		26,001
Total revenue from contracts with customers		6,272		10,556		38,752
Other property income		2,937		4,691		3,313
Total fee and other income	$	9,209	$	15,247	$	42,065