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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The equity method of accounting is used to account for each of the individual joint ventures. We have an ownership interest in the following unconsolidated real estate joint ventures:
As of December 31, 2022
Joint VentureOutlet Center LocationOwnership %Square Feet
(in 000's)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions) (1)
Investments included in investments in unconsolidated joint ventures:
RioCan CanadaVarious50.0 %665 73.8 — 
$73.8 
Investments included in other liabilities:
Charlotte (2)
Charlotte, NC50.0 %399 $(18.8)$99.7 
National Harbor (2)
National Harbor, MD50.0 %341 (12.8)94.6 
Galveston/Houston (2)
Texas City, TX50.0 %353 (15.5)64.5 
ColumbusColumbus, OH50.0 %355 (2.4)70.3 
$(49.5)
As of December 31, 2021
Joint VentureOutlet Center LocationOwnership %Square Feet
(in 000's)		Carrying Value of Investment (in millions)
Total Joint Venture Debt, Net
(in millions) (1)
Investments included in investments in unconsolidated joint ventures:
ColumbusColumbus, OH50.0 %355 $0.2 $70.9 
RioCan CanadaVarious50.0 %665 82.4 — 
$82.6 
Investments included in other liabilities:
Charlotte (2)
Charlotte, NC50.0 %399 $(16.2)$99.6 
National Harbor (2)
National Harbor, MD50.0 %341 (11.2)94.5 
Galveston/Houston (2)
Texas City, TX50.0 %353 (14.0)64.4 
$(41.4)
(1)Net of debt origination costs of $1.5 million and $1.0 million as of December 31, 2022 and 2021, respectively.
(2)We separately report investments in joint ventures for which accumulated distributions have exceeded investments in and our share of net income or loss of the joint ventures within other liabilities in the consolidated balance sheets because we are committed and intend to provide further financial support to these joint ventures. The negative carrying value is due to the distributions of proceeds from mortgage loans and quarterly distributions of excess cash flow exceeding the original contributions from the partners and equity in earnings of the joint ventures.
Schedule of fees we received for various services provided to our unconsolidated joint ventures
Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
Year Ended December 31,
202220212020
Fees:
Management and marketing$2,207 $2,347 $1,859 
Leasing and other fees194 228 60 
Expense reimbursements from unconsolidated joint ventures4,432 3,836 3,017 
Total Fees$6,833 $6,411 $4,936 
Schedule of impairment charges
The table below summarizes the impairment charges taken during 2020 (in thousands):
Impairment Charge (1)
Outlet CenterTotalOur Share
2020Saint-Sauveur$6,181 $3,091 
(1)The fair value was determined using an income approach considering the prevailing market income capitalization rates for similar assets.
Summary Financial Information of Unconsolidated JVs Balance Sheet
Condensed combined summary financial information of joint ventures accounted for using the equity method as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020 is as follows (in thousands):
Condensed Combined Balance Sheets - Unconsolidated Joint Ventures20222021
Assets
Land$81,716 $83,568 
Buildings, improvements and fixtures458,190 467,918 
Construction in progress681 744 
540,587 552,230 
Accumulated depreciation(182,731)(166,096)
Total rental property, net357,856 386,134 
Cash and cash equivalents17,372 19,030 
Deferred lease costs, net2,895 3,517 
Prepaids and other assets10,612 13,109 
Total assets$388,735 $421,790 
Liabilities and Owners' Equity
Mortgages payable, net$329,009 $329,460 
Accounts payable and other liabilities15,374 15,231 
Total liabilities344,383 344,691 
Owners' equity44,352 77,099 
Total liabilities and owners' equity$388,735 $421,790 
Summary Financial Information Of Unconsolidated JVs Statements of Operations
Condensed Combined Statements of Operations- Unconsolidated Joint Ventures:Year Ended December 31,
202220212020
Revenues$87,709 $88,120 $76,866 
Expenses:
Property operating34,297 35,111 33,053 
General and administrative257 278 395 
Impairment charges— — 6,181 
Depreciation and amortization21,749 22,947 23,544 
Total expenses56,303 58,336 63,173 
Other income (expense):
Interest expense(14,174)(11,715)(13,091)
Gain on sale of assets— 503 1,983 
Other non-operating income230 160 170 
Total other income (expense)$(13,944)$(11,052)$(10,938)
Net income$17,462 $18,732 $2,755 
The Company and Operating Partnership's share of:
Net income$8,594 $8,904 $1,126 
Depreciation, amortization and asset impairments (real estate related)$11,018 $11,618 $15,115