Mortgage and Other Indebtedness, Net - Narrative (Details) - USD ($) |
1 Months Ended | 12 Months Ended | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 31, 2025 |
May 31, 2025 |
Feb. 28, 2025 |
Jan. 31, 2025 |
Aug. 31, 2024 |
May 31, 2024 |
Feb. 29, 2024 |
Oct. 31, 2023 |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Jul. 01, 2025 |
Nov. 30, 2024 |
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| Debt Instrument [Line Items] | |||||||||||||||||
| Non-recourse loan amount | $ 2,170,785,000 | $ 2,212,680,000 | |||||||||||||||
| Non-recourse open-air centers and outparcels loan | 753,102,000 | 928,106,000 | |||||||||||||||
| Loan, fixed interest rate | 5.86% | ||||||||||||||||
| Escrow Deposit | 56,532,000 | 65,456,000 | $ 35,708,000 | ||||||||||||||
| Payments to acquire real estate | $ 83,100,000 | $ 185,988,000 | |||||||||||||||
| Loan, collaterals | 9 associated outparcels | ||||||||||||||||
| Mortgage and other indebtedness, net | $ 2,170,785,000 | 2,212,680,000 | |||||||||||||||
| Senior secured notes | 519,647,000 | ||||||||||||||||
| Long-Term Debt, Maturity, Year One | 1,281,692,000 | ||||||||||||||||
| Gain (loss) on extinguishment of debt | $ (819,000) | $ 3,270,000 | (217,000) | (819,000) | $ 3,270,000 | ||||||||||||
| Gain recognized in other comprehensive income (loss) | 27,000 | ||||||||||||||||
| Fair value net liability | 0 | ||||||||||||||||
| Interest Rate Swap | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Cash collateral | $ 1,920,000 | ||||||||||||||||
| Cross Creek Mall [Member] | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Non-recourse loan amount | $ 78,000,000 | ||||||||||||||||
| Loan, fixed interest rate | 6.856% | ||||||||||||||||
| Loan agreement term | 5 years | ||||||||||||||||
| Mortgage and other indebtedness, net | $ 78,000,000 | ||||||||||||||||
| Fayette Mall | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Option extension term of debt instrument | 1 year | 1 year | |||||||||||||||
| Credit Agreement | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Debt instrument, maturity date | Nov. 01, 2025 | ||||||||||||||||
| Loans Secured by Three Properties and Secured Term Loan [Member] | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Long-Term Debt, Maturity, Year One | $ 624,083,000 | ||||||||||||||||
| Senior Secured Term Loan | Credit Agreement | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Debt Instrument, covenant description | The credit agreement requires HoldCo I to comply with certain financial ratios in the aggregate for the collateral properties, including a covenant that it not permit the (i) interest coverage ratio (as defined in the credit agreement) commencing with the fiscal quarter ending December 31, 2021, to be less than 1.50 to 1.00, (ii) minimum debt yield ratio (as defined in the credit agreement) commencing with the fiscal quarter ending March 31, 2023 as of the last day of any fiscal quarter ending prior to the maturity date, to be less than eleven and a half percent (11.50%) and (iii) the occupancy rate (as defined in the credit agreement) commencing with the fiscal quarter ending March 31, 2023, as of the last day of any fiscal quarter ending prior to the maturity date, to be less than seventy five percent (75%). The Operating Partnership provided a limited guaranty up to a maximum of $175,000 (the “principal liability cap”). In November 2023, the limited guaranty was eliminated pursuant to the terms of the credit agreement and the loan became fully non-recourse. The Company believes that it was in compliance with all financial covenants and restrictions at December 31, 2025 | ||||||||||||||||
| Debt instrument, maturity date, description | secured term loan that was originally scheduled to mature on November 1, 2025. In November 2025, the Company met the required conditions to automatically extend the loan to November 1, 2026. Upon further satisfaction of certain conditions the maturity date will automatically extend to November 1, 2027 | ||||||||||||||||
| Fair value carrying amount | $ 883,700,000 | ||||||||||||||||
| Interest coverage ratio | 1.50% | ||||||||||||||||
| Maximum debt yield ratio | 11.50% | ||||||||||||||||
| Occupancy rate | 75.00% | ||||||||||||||||
| Limited guaranty amount | $ 175,000,000 | ||||||||||||||||
| Senior Secured Term Loan | Credit Agreement | SOFR | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Debt instrument, description of variable rate basis | The secured term loan bore interest at a rate per annum equal to LIBOR for the applicable period plus 275 basis points, subject to a LIBOR floor of 1.0%. In March 2023, the secured term loan was amended to replace LIBOR with SOFR for purposes of calculating interest. The transition to SOFR was effective as of June 30, 2023. | ||||||||||||||||
| Senior Secured Term Loan | Credit Agreement | LIBOR | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Loan, fixed interest rate | 1.00% | ||||||||||||||||
| Secured Term Loan | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Payments to acquire real estate | $ 41,116,000 | ||||||||||||||||
| Loan amount paid | $ 41,116,000 | 46,000,000 | |||||||||||||||
| Long-Term Debt, Maturity, Year One | 646,722,000 | ||||||||||||||||
| Loan amount | $ 18,297,000 | ||||||||||||||||
| Brookfield Square Anchor Redevelopment loan | U.S Treasury Securities | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Loan amount paid | $ 15,190,000 | ||||||||||||||||
| 2032 Non-Recourse Bank Loan | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Non-recourse loan amount | 1,745,324,000 | 332,956,000 | |||||||||||||||
| Principal balance increased | 110,000,000 | ||||||||||||||||
| Non-recourse open-air centers and outparcels loan | $ 442,956,000 | 75,000,000 | [1] | $ 170,031,000 | [1] | ||||||||||||
| Fair value carrying amount | $ 367,956,000 | ||||||||||||||||
| Loan, basis spread rate | 410.00% | 4.10% | |||||||||||||||
| Remaining balance | $ 75,000,000 | ||||||||||||||||
| Loan, fixed interest rate | 7.70% | 7.70% | |||||||||||||||
| Principal balance | $ 368,000,000 | ||||||||||||||||
| Mortgage and other indebtedness, net | $ 1,745,324,000 | $ 332,956,000 | |||||||||||||||
| 2032 Non-Recourse Bank Loan | Interest Rate Swap | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Loan, fixed interest rate | 7.3975% | ||||||||||||||||
| Notional amount of the swap | $ 32,000,000 | ||||||||||||||||
| Open Air Centers And Outparcels Loan [Member] | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Payments to acquire real estate | $ 7,107,000 | 7,107,000 | |||||||||||||||
| CoolSprings Galleria | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Senior secured notes | 133,958,000 | ||||||||||||||||
| Joint venture interests acquired | 50.00% | ||||||||||||||||
| Oak Park Mall | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Senior secured notes | 245,665,000 | ||||||||||||||||
| West County Center | |||||||||||||||||
| Debt Instrument [Line Items] | |||||||||||||||||
| Senior secured notes | $ 140,024,000 | ||||||||||||||||
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