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Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss - Summary of Change in Noncontrolling Interest (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance $ 489,364    
Cancellation of OP units     $ (568)
Employee and trustee stock compensation, net 12,753 $ 11,122 12,430
Noncontrolling interest distributions (80,186) (79,838) (27,051)
Noncontrolling interest contributions 59,612 109,428 30,164
Net (loss) income (1,749) (65,251) 26,030
Other comprehensive (loss) income - unrealized gain on valuation of swap agreements 10,963 96,858 30,500
Reclassification of realized interest on swap agreements 33,647 (8,232) (21,407)
Reclassification of redeemable noncontrolling interests   (76,569)  
Ending Balance 446,300 489,364  
Noncontrolling Interests      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance 489,364 628,322 609,165
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership (2,521) (3,945) (1,431)
Cancellation of OP units [1]     (568)
Distributions declared per Common OP Unit (5,352) (5,094) (4,185)
Acquisition of noncontrolling interest asset [2]   (91,811)  
City Point Loan Advances 0 0  
City Point Loan accrued interest 0 0  
Employee and trustee stock compensation, net 11,064 10,000 11,284
Noncontrolling interest distributions (80,186) (79,838) (27,051)
Noncontrolling interest contributions 59,612 109,428 30,164
Net (loss) income (13,383) (24,270) 2,482
Other comprehensive (loss) income - unrealized gain on valuation of swap agreements 5,402 20,208 5,990
Reclassification of realized interest on swap agreements (13,711) 1,851 7,240
Reclassification of redeemable noncontrolling interests [3]   (76,569)  
Reallocation of noncontrolling interests [4] (3,989) 1,082 (4,768)
Ending Balance 446,300 489,364 628,322
Noncontrolling Interests | Noncontrolling Interests in Partially-Owned Affiliates      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance [5] 389,810 534,202 519,734
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [5] 0 0 0
Cancellation of OP units [1],[5]     0
Distributions declared per Common OP Unit [5] 0 0 0
Acquisition of noncontrolling interest asset [2],[5]   (91,811)  
City Point Loan Advances [5] 0 0  
City Point Loan accrued interest [5] 0 0  
Employee and trustee stock compensation, net [5] 0 0 0
Noncontrolling interest distributions [5] (80,186) (79,838) (27,051)
Noncontrolling interest contributions [5] 59,612 109,428 30,164
Net (loss) income [5] (15,168) (22,962) 407
Other comprehensive (loss) income - unrealized gain on valuation of swap agreements [5] 6,015 15,567 3,918
Reclassification of realized interest on swap agreements [5] (13,501) 1,793 7,030
Reclassification of redeemable noncontrolling interests [3],[5]   (76,569)  
Reallocation of noncontrolling interests [4],[5] 0 0 0
Ending Balance [5] 346,582 389,810 534,202
Noncontrolling Interests | Operating Partnership, as General Partner or Managing Member      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance [6] 99,554 94,120 89,431
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [6] (2,521) (3,945) (1,431)
Cancellation of OP units [1],[6]     (568)
Distributions declared per Common OP Unit [6] (5,352) (5,094) (4,185)
Acquisition of noncontrolling interest asset [2],[6]   0  
City Point Loan Advances [6] 0 0  
City Point Loan accrued interest [6] 0 0  
Employee and trustee stock compensation, net [6] 11,064 10,000 11,284
Noncontrolling interest distributions [6] 0 0 0
Noncontrolling interest contributions [6] 0 0 0
Net (loss) income [6] 1,785 (1,308) 2,075
Other comprehensive (loss) income - unrealized gain on valuation of swap agreements [6] (613) 4,641 2,072
Reclassification of realized interest on swap agreements [6] (210) 58 210
Reclassification of redeemable noncontrolling interests [3],[6]   0  
Reallocation of noncontrolling interests [4],[6] (3,989) 1,082 (4,768)
Ending Balance [6] 99,718 99,554 94,120
Redeemable NonControlling Interest      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance [7] 67,664 0 0
Conversion of OP Units to Common Shares by limited partners of the Operating Partnership [7] 0 0 0
Cancellation of OP units [1],[7]     0
Distributions declared per Common OP Unit [7] 0 0 0
Acquisition of noncontrolling interest asset [2],[7]   0  
City Point Loan Advances [7] (796) (65,391)  
City Point Loan accrued interest [7] (9,350) (3,923)  
Employee and trustee stock compensation, net [7] 0 0 0
Noncontrolling interest distributions [7] (50) 0 0
Noncontrolling interest contributions [7] 1,110 65,945 0
Net (loss) income [7] 8,239 (5,536) 0
Other comprehensive (loss) income - unrealized gain on valuation of swap agreements [7] 0 0 0
Reclassification of realized interest on swap agreements [7] 0 0 0
Reclassification of redeemable noncontrolling interests [3]   76,569  
Reallocation of noncontrolling interests [4],[7] 0 0 0
Ending Balance [7] $ 50,339 $ 67,664 $ 0
[1] The Company exchanged 21,109 OP Units in settlement of a note receivable in the amount of $0.5 million on July 12, 2021.
[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’ 2,855,574, 3,062,108, and 3,076,849 Common OP Units at December 31, 2023, 2022 and 2021, respectively; (ii) 188 Series A Preferred OP Units at December 31, 2023, 2022 and 2021; (iii) 126,384 Series C Preferred OP Units at December 31, 2023 and 2022, and 126,593 at December 31, 2021; and (iv) 4,247,054, 3,512,414, and 3,371,296 LTIP units at December 31, 2023, 2022 and 2021, 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.
[7] Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below.