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Investments in Unconsolidated Real Estate Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 2023
Investments In Unconsolidated Real Estate Joint Ventures [Abstract]  
Schedule of Equity Method Investments We have an ownership interest in the following unconsolidated real estate joint ventures:
As of September 30, 2023
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 $72.3 — 
$72.3 
Investments included in other liabilities:
Charlotte(2)
Charlotte, NC50.0 %399 (20.3)99.6 
National Harbor(2)
National Harbor, MD50.0 %341 (13.8)93.6 
Galveston/Houston (2)
Texas City, TX50.0 %353 (13.3)57.1 
Columbus(2)
Columbus, OH50.0 %355 (2.9)70.3 
$(50.3)
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 
Columbus(2)
Columbus, OH50.0 %355 (2.4)70.3 
$(49.5)
(1)Net of debt origination costs of $2.2 million as of September 30, 2023 and $1.5 million as of December 31, 2022.
(2)The negative carrying value is due to distributions exceeding contributions and increases or decreases from our equity in earnings of the joint venture.
Schedule of Development, Loan Guarantee, Management, Leasing, and Marketing Fees Paid By Unconsolidated JVs
Fees we received for various services provided to our unconsolidated joint ventures were recognized in management, leasing and other services as follows (in thousands):
Three months endedNine months ended
September 30,September 30,
 2023202220232022
Fee:
Management and marketing$553 $661 $1,662 $1,749 
Leasing and other fees99 61 197 96 
Expense reimbursements from unconsolidated joint ventures1,197 1,175 3,382 3,015 
Total Fees$1,849 $1,897 $5,241 $4,860 
Summary Financial Information of Unconsolidated JVs Balance Sheet
Condensed combined summary financial information of unconsolidated joint ventures accounted for using the equity method is as follows (in thousands):
September 30, 2023December 31, 2022
Assets  
Land$81,736 $81,716 
Buildings, improvements and fixtures460,538 458,190 
Construction in progress64 681 
542,338 540,587 
Accumulated depreciation(197,228)(182,731)
Total rental property, net345,110 357,856 
Cash and cash equivalents10,479 17,372 
Deferred lease costs and other intangibles, net2,654 2,895 
Prepaids and other assets12,901 10,612 
Total assets$371,144 $388,735 
Liabilities and Owners’ Equity  
Mortgages payable, net $320,636 $329,009 
Accounts payable and other liabilities12,963 15,374 
Total liabilities333,599 344,383 
Owners’ equity37,545 44,352 
Total liabilities and owners’ equity$371,144 $388,735 
Summary Financial Information Of Unconsolidated JVs Statements of Operations
 Three months endedNine months ended
Condensed Combined Statements of Operations - Unconsolidated Joint VenturesSeptember 30,September 30,
2023202220232022
Revenues $23,548 $22,418 $67,481 $65,925 
Expenses: 
Property operating9,059 8,992 26,315 25,730 
General and administrative23 77 212 210 
Depreciation and amortization5,151 5,631 15,546 16,653 
Total expenses14,233 14,700 42,073 42,593 
Other income (expense):
Interest expense(4,603)(3,721)(13,523)(9,795)
Other income153 111 422 117 
Total other expense(4,450)(3,610)(13,101)(9,678)
Net income$4,865 $4,108 $12,307 $13,654 
The Company and Operating Partnership’s share of:  
Net income$2,389 $2,055 $6,030 $6,795 
Depreciation and amortization (real estate related)$2,608 $2,871 $7,893 $8,416