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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance     $ 489,364  
Net (loss) income $ (16,268) $ (89,545) 8,486 $ (61,273)
Unrealized gain on valuation of swap agreements 26,763 44,114 45,034 96,899
Reclassification of realized interest on swap agreements 9,478 (1,518) 24,293 (10,778)
Capital call receivable (16,300)   (16,300)  
Noncontrolling interest contributions 16,600 9,572 47,842 109,422
Noncontrolling interest distributions (1,754) (24,632) (78,114) (72,187)
Employee Long-term Incentive Plan Unit Awards 2,565 2,180 10,195 8,540
Reclassification of redeemable noncontrolling interests   (76,569)   (76,569)
Ending Balance 439,010   439,010  
Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [1]   0    
Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance 452,437 670,606 489,364 628,322
Distributions declared per Common OP Unit (1,338) (1,276) (4,022) (3,846)
Net (loss) income (12,347) (30,461) (7,063) (18,653)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (182) (333) (1,715) (1,147)
Unrealized gain on valuation of swap agreements 5,162 7,022 11,937 18,620
Reclassification of realized interest on swap agreements (3,582) 166 (9,939) 3,159
Acquisition of noncontrolling interest [2]   (50,435)   (91,811)
City Point Loan   0 0 0
City Point Loan accrued interest 0 0 0 0
Capital call receivable (16,300)   (16,300)  
Noncontrolling interest contributions 16,600 9,572 47,842 109,422
Noncontrolling interest distributions (1,754) (24,632) (78,114) (72,187)
Employee Long-term Incentive Plan Unit Awards 2,353 1,997 8,719 7,669
Reclassification of redeemable noncontrolling interests [3]   (76,569)   (76,569)
Reallocation of noncontrolling interests [4] (2,039) 644 (1,699) 3,322
Ending Balance 439,010 506,301 439,010 506,301
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [5] 348,624 567,538 389,810 534,202
Distributions declared per Common OP Unit [5] 0 0 0 0
Net (loss) income [5] (12,426) (27,503) (8,756) (16,967)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [5] 0 0 0 0
Unrealized gain on valuation of swap agreements [5] 4,212 4,877 10,732 13,840
Reclassification of realized interest on swap agreements [5] (3,526) 161 (9,784) 3,079
Acquisition of noncontrolling interest [2],[5]   (50,435)   (91,811)
City Point Loan [5]   0 0 0
City Point Loan accrued interest [5] 0 0 0 0
Capital call receivable [5] (16,300)   (16,300)  
Noncontrolling interest contributions [5] 16,600 9,572 47,842 109,422
Noncontrolling interest distributions [5] (1,754) (24,632) (78,114) (72,187)
Employee Long-term Incentive Plan Unit Awards [5] 0 0 0 0
Reclassification of redeemable noncontrolling interests [3],[5]   (76,569)   (76,569)
Reallocation of noncontrolling interests [4],[5] 0 0 0 0
Ending Balance [5] 335,430 403,009 335,430 403,009
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [6] 103,813 103,068 99,554 94,120
Distributions declared per Common OP Unit [6] (1,338) (1,276) (4,022) (3,846)
Net (loss) income [6] 79 (2,958) 1,693 (1,686)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [6] (182) (333) (1,715) (1,147)
Unrealized gain on valuation of swap agreements [6] 950 2,145 1,205 4,780
Reclassification of realized interest on swap agreements [6] (56) 5 (155) 80
Acquisition of noncontrolling interest [2],[6]   0   0
City Point Loan [6]   0 0 0
City Point Loan accrued interest [6] 0 0 0 0
Capital call receivable [6] 0   0  
Noncontrolling interest contributions [6] 0 0 0 0
Noncontrolling interest distributions [6] 0 0 0 0
Employee Long-term Incentive Plan Unit Awards [6] 2,353 1,997 8,719 7,669
Reclassification of redeemable noncontrolling interests [3],[6]   0   0
Reallocation of noncontrolling interests [4],[6] (2,039) 644 (1,699) 3,322
Ending Balance [6] 103,580 103,292 103,580 103,292
Redeemable Noncontrolling Interests        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning Balance [1] 59,833   67,664 0
Distributions declared per Common OP Unit [1]   0 0 0
Net (loss) income [1] (2,495) (3,193) (5,661) (3,193)
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [1] 0 0 0 0
Unrealized gain on valuation of swap agreements [1] 0 0 0 0
Reclassification of realized interest on swap agreements [1] 0 0 0 0
Acquisition of noncontrolling interest [1],[2]   0   0
City Point Loan [1]   (65,405) (796) (65,405)
City Point Loan accrued interest [1] (2,332) (1,564) (6,995) (1,564)
Capital call receivable [1] 0   0  
Noncontrolling interest contributions [1] 315 65,945 1,110 65,945
Noncontrolling interest distributions [1] (37) 0 (38) 0
Employee Long-term Incentive Plan Unit Awards [1] 0 0 0 0
Reclassification of redeemable noncontrolling interests [1],[3]   76,569   76,569
Reallocation of noncontrolling interests [1],[4] 0 0 0 0
Ending Balance [1] $ 55,284 $ 72,352 $ 55,284 $ 72,352
[1] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.
[2] Represents the acquisition of the 11.67% noncontrolling interest in Fund II and Mervyns II acquired on June 27, 2022 for $18.5 million and of a 21.67% interest in Fund II on August 1, 2022 for $5.8 million (Note 1).
[3] Represents the reclassification of redeemable noncontrolling interests related to the City Point Loan in the third quarter of 2022.
[4] Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.
[5] Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and Mervyns II, and seven other subsidiaries.
[6] Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,864,074 and 3,062,108 Common OP Units at September 30, 2023 and 2022, respectively; (ii) 188 Series A Preferred OP Units at each of September 30, 2023 and 2022; (iii) 126,384 and 126,593 Series C Preferred OP Units at September 30, 2023 and 2022, respectively; and (iv) 4,287,550 and 3,666,989 LTIP units at September 30, 2023 and 2022, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above.