Current report filing

Investments in Unconsolidated Real Estate Joint Ventures (Summary Balance Sheets for Unconsolidated Joint Ventures) (Details)

v3.23.3
Investments in Unconsolidated Real Estate Joint Ventures (Summary Balance Sheets for Unconsolidated Joint Ventures) (Details) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Assets            
Land $ 275,081   $ 275,079      
Buildings, improvements and fixtures 2,575,872   2,553,452      
Construction in progress 128,361   27,340      
Rental property, at cost, total 2,979,314   2,855,871      
Accumulated depreciation (1,295,139)   (1,224,962)      
Total rental property, net 1,684,175   1,630,909      
Cash and cash equivalents 188,459   212,124 $ 180,708   $ 161,255
Deferred lease costs and other intangibles, net 54,096   58,574      
Prepaids and other assets 115,395   111,163      
Total assets 2,205,303   2,217,665      
Liabilities and Owners’ Equity            
Mortgages payable, net 65,293   68,971      
Owners’ equity 512,430 $ 507,743 513,934 $ 515,659 $ 512,575 $ 499,789
Total liabilities and equity 2,205,303   2,217,665      
Total liabilities 1,692,873   1,703,731      
Unconsolidated Properties            
Assets            
Land 81,736   81,716      
Buildings, improvements and fixtures 460,538   458,190      
Construction in progress 64   681      
Rental property, at cost, total 542,338   540,587      
Accumulated depreciation (197,228)   (182,731)      
Total rental property, net 345,110   357,856      
Cash and cash equivalents 10,479   17,372      
Deferred lease costs and other intangibles, net 2,654   2,895      
Prepaids and other assets 12,901   10,612      
Total assets 371,144   388,735      
Liabilities and Owners’ Equity            
Mortgages payable, net 320,636   329,009      
Accounts payable and other liabilities 12,963   15,374      
Owners’ equity 37,545   44,352      
Total liabilities and equity 371,144   388,735      
Total liabilities 333,599   $ 344,383      
Unconsolidated Properties | Galveston/Houston | Mortgages            
Summary Balance Sheets of Unconsolidated Joint Ventures [Line Items]            
Principal $ 58,000          
Basis spread on variable rate 3.00%          
Notional Amount $ 29,000          
Company Fixed Pay Rate 4.44%