Investments in and Advances to Joint Ventures (Tables) - Unconsolidated Joint Ventures [Member]

3 Months Ended

Mar. 31, 2021

Schedule Of Equity Method Investments [Line Items]

Condensed Combined Financial Information of Company's Unconsolidated Joint Venture Investments

At both March 31, 2021 and December 31, 2020, the Company had ownership interests in various unconsolidated joint ventures that had investments in 59 shopping center properties.  Condensed combined financial information of the Company’s unconsolidated joint venture investments is as follows (in thousands):

	March 31, 2021			December 31, 2020
Condensed Combined Balance Sheets
Land	$	441,412		$	441,412
Buildings		1,259,441			1,258,879
Fixtures and tenant improvements		143,736			137,663
		1,844,589			1,837,954
Less: Accumulated depreciation		(504,904	)		(492,288	)
		1,339,685			1,345,666
Construction in progress and land		2,506			58,201
Real estate, net		1,342,191			1,403,867
Cash and restricted cash		47,258			35,212
Receivables, net		20,336			25,719
Other assets, net		62,116			61,381
	$	1,471,901		$	1,526,179
Mortgage debt	$	1,029,240		$	1,029,579
Notes and accrued interest payable to the Company		4,707			4,375
Other liabilities		58,888			57,349
		1,092,835			1,091,303
Accumulated equity		379,066			434,876
	$	1,471,901		$	1,526,179
Company's share of accumulated equity	$	66,852		$	72,555
Basis differentials		5,652			1,644
Deferred development fees, net of portion related to the Company's interest		(1,229	)		(1,277	)
Amounts payable to the Company		4,707			4,375
Investments in and Advances to Joint Ventures, net	$	75,982		$	77,297

Condensed Combined Statements of Operations of Unconsolidated Joint Venture Investments

	Three Months
	Ended March 31,
	2021		2020
Condensed Combined Statements of Operations
Revenues from operations	$	50,560	$	85,621
Expenses from operations:
Operating expenses		14,417		24,415
Impairment charges		—		31,720
Depreciation and amortization		17,117		30,104
Interest expense		10,947		17,755
Preferred share expense		—		4,530
Other expense, net		2,964		4,657
		45,445		113,181
Income (loss) before gain on disposition of real estate		5,115		(27,560	)
Gain on disposition of real estate, net		28,401		8,906
Net income (loss) attributable to unconsolidated joint ventures	$	33,516	$	(18,654	)
Company's share of equity in net income of joint ventures	$	4,323	$	2,015
Basis differential adjustments(A)		62		156
Equity in net income of joint ventures	$	4,385	$	2,171

(A) The difference between the Company’s share of net income, as reported above, and the amounts included in the Company’s consolidated statements of operations is attributable to the amortization of basis differentials, the recognition of deferred gains, differences in gain (loss) on sale of certain assets recognized due to the basis differentials and other than temporary impairment charges.

Schedule of Fee and Other Income

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

	Three Months
	Ended March 31,
	2021		2020
Revenue from contracts:
Asset and property management fees	$	2.6	$	4.5
Development fees, leasing commissions and other		0.4		2.6
		3.0		7.1
Other:
Interest income(A)		—		3.5
Other		0.4		0.7
		0.4		4.2
	$	3.4	$	11.3

(A) Interest income recorded in 2020 related to preferred equity interests of two joint ventures which were transferred or redeemed in the fourth quarter of 2020.