Kite Realty Group Trust (KRG) 10-K 20 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 14, 2024	Jun. 30, 2023
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-33268
Entity Registrant Name	KITE REALTY GROUP TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Shares, $0.01 par value per share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 4.9
Entity Common Stock, Shares Outstanding		219,448,429
Documents Incorporated by Reference	Portions of the definitive Proxy Statement related to the Registrant’s Annual Meeting of Shareholders, scheduled to be held on May 7, 2024, to be filed with the Securities and Exchange Commission, are incorporated by reference into Part III, Items 10–14 of this Annual Report on Form 10-K as indicated herein.
Entity Central Index Key	0001286043
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Kite Realty Group, L.P.
Entity Information [Line Items]
Entity File Number	333-202666-01
Entity Registrant Name	KITE REALTY GROUP, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1453863
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636315
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor [Line Item]
Auditor Firm ID	238
Auditor Name	KPMG LLP
Auditor Location	Indianapolis, Indiana
Kite Realty Group, L.P.
Auditor [Line Item]
Auditor Firm ID	238
Auditor Name	KPMG LLP
Auditor Location	Indianapolis, Indiana

Consolidated Balance Sheets - K

Consolidated Balance Sheets - KRG Trust - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost:	$ 7,740,061	$ 7,732,573
Less: accumulated depreciation	(1,381,770)	(1,161,148)
Net investment properties	6,358,291	6,571,425
Cash and cash equivalents	36,413	115,799
Tenant and other receivables, including accrued straight-line rent of $55,482 and $44,460, respectively	113,290	101,301
Restricted cash and escrow deposits	5,017	6,171
Deferred costs, net	304,171	409,828
Prepaid and other assets	117,834	127,044
Investments in unconsolidated subsidiaries	9,062	10,414
Total assets	6,944,078	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,829,202	3,010,299
Accounts payable and accrued expenses	198,079	207,792
Deferred revenue and other liabilities	272,942	298,039
Total liabilities	3,300,223	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	73,287	53,967
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,448,429 and 219,185,658 shares issued and outstanding at December 31, 2023 and 2022, respectively	2,194	2,192
Additional paid-in capital	4,886,592	4,897,736
Accumulated other comprehensive income	52,435	74,344
Accumulated deficit	(1,373,083)	(1,207,757)
Total shareholders’ equity/Partners’ equity	3,568,138	3,766,515
Noncontrolling interests	2,430	5,370
Total equity	3,570,568	3,771,885
Total liabilities and equity	$ 6,944,078	$ 7,341,982

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - KRG Trust - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accrued straight-line rent	$ 55,482	$ 44,460
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	490,000,000	490,000,000
Common shares, shares issued (in shares)	219,448,429	219,185,658
Common shares, shares outstanding (in shares)	219,448,429	219,185,658

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Rental income	$ 810,146	$ 782,349	$ 367,399
Total revenue	823,004	801,996	373,324
Expenses:
Property operating	107,958	107,217	55,561
Real estate taxes	102,426	104,589	49,530
General, administrative and other	56,142	54,860	33,984
Merger and acquisition costs	0	925	86,522
Depreciation and amortization	426,361	469,805	200,460
Impairment charges	477	0	0
Total expenses	693,364	737,396	426,057
Gain on sales of operating properties, net	22,601	27,069	31,209
Operating income (loss)	152,241	91,669	(21,524)
Interest expense	(105,349)	(104,276)	(60,447)
Income tax (expense) benefit of taxable REIT subsidiary	(533)	(43)	310
Equity in earnings (loss) of unconsolidated subsidiaries	33	256	(416)
Other income, net	1,991	240	355
Net income (loss)	48,383	(12,154)	(81,722)
Net (income) loss attributable to noncontrolling interests	(885)	(482)	916
Net income (loss) attributable to common shareholders/unitholders	$ 47,498	$ (12,636)	$ (80,806)
Net income (loss) per common share
Net income (loss) per common share – basic (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Net income (loss) per common share – diluted (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Weighted average common shares outstanding - basic (in shares)	219,344,832	219,074,448	110,637,562
Weighted average common shares outstanding - diluted (in shares)	219,728,283	219,074,448	110,637,562
Net income (loss)	$ 48,383	$ (12,154)	$ (81,722)
Change in fair value of derivatives	(22,008)	91,271	15,670
Total comprehensive income (loss)	26,375	79,117	(66,052)
Comprehensive (income) loss attributable to noncontrolling interests	(786)	(1,507)	229
Comprehensive income (loss) attributable to the Company/common unitholders	25,589	77,610	(65,823)
Other property-related revenue
Revenue:
Other revenue	8,492	11,108	4,683
Fee income
Revenue:
Other revenue	$ 4,366	$ 8,539	$ 1,242

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - KRG Trust - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit
Balance at beginning of period (in shares) at Dec. 31, 2020		84,187,999
Balance at beginning of period at Dec. 31, 2020	$ 1,230,654	$ 842	$ 2,085,003	$ (30,885)	$ (824,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		245,333
Stock compensation activity	6,795	$ 2	6,793
Shares withheld for employee taxes (in shares)		(714,569)
Shares withheld for employee taxes	(15,038)	$ (7)	(15,031)
Issuance of common stock – RPAI merger (in shares)		134,931,465
Issuance of common stock – RPAI merger	2,847,369	$ 1,349	2,846,020
Other comprehensive income (loss)	14,983			14,983
Distributions to common shareholders	(57,801)				(57,801)
Net income (loss) attributable to common shareholders	(80,806)				(80,806)
Purchase of capped calls	(9,800)		(9,800)
Exchange of redeemable noncontrolling interests for common shares (in shares)		299,341
Exchange of redeemable noncontrolling interests for common shares	4,238	$ 3	4,235
Adjustment to redeemable noncontrolling interests	(18,547)		(18,547)
Balance at end of period (in shares) at Dec. 31, 2021		218,949,569
Balance at end of period at Dec. 31, 2021	3,922,047	$ 2,189	4,898,673	(15,902)	(962,913)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		151,089
Stock compensation activity	9,546	$ 2	9,544
Other comprehensive income (loss)	90,246			90,246
Distributions to common shareholders	(232,208)				(232,208)
Net income (loss) attributable to common shareholders	(12,636)				(12,636)
Acquisition of partner’s noncontrolling interest in Killingly Commons	416		416
Exchange of redeemable noncontrolling interests for common shares (in shares)		85,000
Exchange of redeemable noncontrolling interests for common shares	1,670	$ 1	1,669
Adjustment to redeemable noncontrolling interests	$ (12,566)		(12,566)
Balance at end of period (in shares) at Dec. 31, 2022	219,185,658	219,185,658
Balance at end of period at Dec. 31, 2022	$ 3,766,515	$ 2,192	4,897,736	74,344	(1,207,757)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		189,610
Stock compensation activity	10,791	$ 2	10,789
Other comprehensive income (loss)	(21,909)			(21,909)
Distributions to common shareholders	(212,824)				(212,824)
Net income (loss) attributable to common shareholders	47,498				47,498
Exchange of redeemable noncontrolling interests for common shares (in shares)		73,161
Exchange of redeemable noncontrolling interests for common shares	1,568		1,568
Adjustment to redeemable noncontrolling interests	$ (23,501)		(23,501)
Balance at end of period (in shares) at Dec. 31, 2023	219,448,429	219,448,429
Balance at end of period at Dec. 31, 2023	$ 3,568,138	$ 2,194	$ 4,886,592	$ 52,435	$ (1,373,083)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 48,383	$ (12,154)	$ (81,722)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	429,970	472,969	203,142
Gain on sales of operating properties, net	(22,601)	(27,069)	(31,209)
Impairment charges	477	0	0
Straight-line rent	(11,812)	(16,632)	(5,391)
Compensation expense for equity awards	10,116	10,280	6,697
Amortization of debt fair value adjustments	(13,366)	(13,521)	(2,993)
Amortization of in-place lease assets and liabilities	(12,025)	(4,821)	(2,611)
Changes in assets and liabilities:
Tenant receivables	(940)	(16,763)	(3,102)
Deferred costs and other assets	(29,912)	7,522	6,857
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,642)	(20,528)	10,683
Net cash provided by operating activities	394,648	379,283	100,351
Cash flows from investing activities:
Cash and restricted cash acquired in the RPAI merger	0	0	14,992
Acquisitions of interests in properties	(78,274)	(100,142)	(10,445)
Capital expenditures	(142,578)	(158,540)	(57,313)
Net proceeds from sales of land	3,166	4,716	54,157
Net proceeds from sales of operating properties	137,687	75,699	26,556
Investment in short-term deposits	0	125,000	(125,000)
Small business loan repayments	346	657	712
Change in construction payables	(2,078)	6,341	4,413
Distribution from unconsolidated joint venture	0	1,245	1,029
Capital contribution to unconsolidated joint venture	0	(125)	(134)
Net cash used in investing activities	(81,731)	(45,149)	(91,033)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	86	30	31
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,535)	(15,031)
Purchase of capped calls	0	0	(9,800)
Debt and equity issuance costs	(767)	(5,159)	(8,141)
Loan proceeds	369,095	455,000	215,000
Loan payments	(544,410)	(568,963)	(77,591)
Distributions paid – common shareholders	(210,546)	(179,624)	(57,801)
Distributions paid – redeemable noncontrolling interests	(2,952)	(2,622)	(2,208)
Distributions to noncontrolling interests	(3,196)	0	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	(9,654)	0
Net cash (used in) provided by financing activities	(393,457)	(312,527)	44,459
Net change in cash, cash equivalents and restricted cash	(80,540)	21,607	53,777
Cash, cash equivalents and restricted cash, beginning of year	121,970	100,363	46,586
Cash, cash equivalents and restricted cash, end of year	41,430	121,970	100,363
Supplemental disclosures
Cash paid for interest, net of capitalized interest	120,870	113,744	59,552
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	$ 1,568	$ 1,670	$ 4,236

Consolidated Balance Sheets -_2

Consolidated Balance Sheets - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Investment properties, at cost:	$ 7,740,061	$ 7,732,573
Less: accumulated depreciation	(1,381,770)	(1,161,148)
Net investment properties	6,358,291	6,571,425
Cash and cash equivalents	36,413	115,799
Tenant and other receivables, including accrued straight-line rent of $55,482 and $44,460, respectively	113,290	101,301
Restricted cash and escrow deposits	5,017	6,171
Deferred costs, net	304,171	409,828
Prepaid and other assets	117,834	127,044
Investments in unconsolidated subsidiaries	9,062	10,414
Total assets	6,944,078	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,829,202	3,010,299
Accounts payable and accrued expenses	198,079	207,792
Deferred revenue and other liabilities	272,942	298,039
Total liabilities	3,300,223	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	73,287	53,967
Partners’ Equity:
Common equity, 219,448,429 and 219,185,658 units issued and outstanding at December 31, 2023 and 2022, respectively	2,194	2,192
Accumulated other comprehensive income	52,435	74,344
Total shareholders’ equity/Partners’ equity	3,568,138	3,766,515
Noncontrolling interests	2,430	5,370
Total equity	3,570,568	3,771,885
Total liabilities and equity	6,944,078	7,341,982
Kite Realty Group, L.P.
Assets:
Investment properties, at cost:	7,740,061	7,732,573
Less: accumulated depreciation	(1,381,770)	(1,161,148)
Net investment properties	6,358,291	6,571,425
Cash and cash equivalents	36,413	115,799
Tenant and other receivables, including accrued straight-line rent of $55,482 and $44,460, respectively	113,290	101,301
Restricted cash and escrow deposits	5,017	6,171
Deferred costs, net	304,171	409,828
Prepaid and other assets	117,834	127,044
Investments in unconsolidated subsidiaries	9,062	10,414
Total assets	6,944,078	7,341,982
Liabilities:
Mortgage and other indebtedness, net	2,829,202	3,010,299
Accounts payable and accrued expenses	198,079	207,792
Deferred revenue and other liabilities	272,942	298,039
Total liabilities	3,300,223	3,516,130
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	73,287	53,967
Partners’ Equity:
Common equity, 219,448,429 and 219,185,658 units issued and outstanding at December 31, 2023 and 2022, respectively	3,515,703	3,692,171
Accumulated other comprehensive income	52,435	74,344
Total shareholders’ equity/Partners’ equity	3,568,138	3,766,515
Noncontrolling interests	2,430	5,370
Total equity	3,570,568	3,771,885
Total liabilities and equity	$ 6,944,078	$ 7,341,982

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Parentheticals) - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued straight-line rent	$ 55,482	$ 44,460
Common shares, shares issued (in shares)	219,448,429	219,185,658
Common shares, shares outstanding (in shares)	219,448,429	219,185,658
Kite Realty Group, L.P.
Accrued straight-line rent	$ 55,482	$ 44,460
Common shares, shares issued (in shares)	219,448,429	219,185,658
Common shares, shares outstanding (in shares)	219,448,429	219,185,658

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue:
Rental income	$ 810,146	$ 782,349	$ 367,399
Total revenue	823,004	801,996	373,324
Expenses:
Property operating	107,958	107,217	55,561
Real estate taxes	102,426	104,589	49,530
General, administrative and other	56,142	54,860	33,984
Merger and acquisition costs	0	925	86,522
Depreciation and amortization	426,361	469,805	200,460
Impairment charges	477	0	0
Total expenses	693,364	737,396	426,057
Gain on sales of operating properties, net	22,601	27,069	31,209
Operating income (loss)	152,241	91,669	(21,524)
Interest expense	(105,349)	(104,276)	(60,447)
Income tax (expense) benefit of taxable REIT subsidiary	(533)	(43)	310
Equity in earnings (loss) of unconsolidated subsidiaries	33	256	(416)
Other income, net	1,991	240	355
Net income (loss)	48,383	(12,154)	(81,722)
Net income attributable to noncontrolling interests	(885)	(482)	916
Net income (loss) attributable to common shareholders/unitholders	$ 47,498	$ (12,636)	$ (80,806)
Net income (loss) per common share
Net income (loss) per unit – basic (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Net income (loss) per unit – diluted (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Weighted average common units outstanding - basic (in shares)	219,344,832	219,074,448	110,637,562
Weighted average common units outstanding - diluted (in shares)	219,728,283	219,074,448	110,637,562
Net income (loss)	$ 48,383	$ (12,154)	$ (81,722)
Change in fair value of derivatives	(22,008)	91,271	15,670
Total comprehensive income (loss)	26,375	79,117	(66,052)
Comprehensive (income) loss attributable to noncontrolling interests	(786)	(1,507)	229
Comprehensive income (loss) attributable to the Company/common unitholders	25,589	77,610	(65,823)
Other property-related revenue
Revenue:
Other revenue	8,492	11,108	4,683
Fee income
Revenue:
Other revenue	4,366	8,539	1,242
Kite Realty Group, L.P.
Revenue:
Rental income	810,146	782,349	367,399
Total revenue	823,004	801,996	373,324
Expenses:
Property operating	107,958	107,217	55,561
Real estate taxes	102,426	104,589	49,530
General, administrative and other	56,142	54,860	33,984
Merger and acquisition costs	0	925	86,522
Depreciation and amortization	426,361	469,805	200,460
Impairment charges	477	0	0
Total expenses	693,364	737,396	426,057
Gain on sales of operating properties, net	22,601	27,069	31,209
Operating income (loss)	152,241	91,669	(21,524)
Interest expense	(105,349)	(104,276)	(60,447)
Income tax (expense) benefit of taxable REIT subsidiary	(533)	(43)	310
Equity in earnings (loss) of unconsolidated subsidiaries	33	256	(416)
Other income, net	1,991	240	355
Net income (loss)	48,383	(12,154)	(81,722)
Net income attributable to noncontrolling interests	(257)	(623)	(514)
Net income (loss) attributable to common shareholders/unitholders	48,126	(12,777)	(82,236)
Allocation of net income (loss):
Limited Partners	628	(141)	(1,430)
Parent Company	$ 47,498	$ (12,636)	$ (80,806)
Net income (loss) per common share
Net income (loss) per unit – basic (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Net income (loss) per unit – diluted (in dollars per share)	$ 0.22	$ (0.06)	$ (0.73)
Weighted average common units outstanding - basic (in shares)	222,514,956	221,858,084	113,103,177
Weighted average common units outstanding - diluted (in shares)	222,898,407	221,858,084	113,103,177
Net income (loss)	$ 48,383	$ (12,154)	$ (81,722)
Change in fair value of derivatives	(22,008)	91,271	15,670
Total comprehensive income (loss)	26,375	79,117	(66,052)
Comprehensive (income) loss attributable to noncontrolling interests	(257)	(623)	(514)
Comprehensive income (loss) attributable to the Company/common unitholders	26,118	78,494	(66,566)
Kite Realty Group, L.P. | Other property-related revenue
Revenue:
Other revenue	8,492	11,108	4,683
Kite Realty Group, L.P. | Fee income
Revenue:
Other revenue	$ 4,366	$ 8,539	$ 1,242

Consolidated Statements of Part

Consolidated Statements of Partner's Equity - KRG, LP - USD ($) $ in Thousands	Total	Kite Realty Group, L.P.	Kite Realty Group, L.P. General Partner Common Equity	Kite Realty Group, L.P. General Partner Accumulated Other Comprehensive (Loss) Income
Partners' capital, balance at beginning of period at Dec. 31, 2020		$ 1,230,654	$ 1,261,539	$ (30,885)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		6,795	6,795
Shares withheld for employee taxes	$ (15,038)	(15,038)	(15,038)
Issuance of General Partner Units to the Parent Company – RPAI merger		2,847,369	2,847,369
Other comprehensive income (loss) attributable to Parent Company	14,983	14,983		14,983
Distributions to Parent Company		(57,801)	(57,801)
Net income (loss) attributable to Parent Company	(80,806)	(80,806)	(80,806)
Purchase of capped calls	(9,800)	(9,800)	(9,800)
Conversion of Limited Partner Units to shares of the Parent Company		4,238	4,238
Adjustment to redeemable noncontrolling interests		(18,547)	(18,547)
Partners' capital, balance at end of period at Dec. 31, 2021		3,922,047	3,937,949	(15,902)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		9,546	9,546
Other comprehensive income (loss) attributable to Parent Company	90,246	90,246		90,246
Distributions to Parent Company		(232,208)	(232,208)
Net income (loss) attributable to Parent Company	(12,636)	(12,636)	(12,636)
Acquisition of partner’s noncontrolling interest in Killingly Commons		416	416
Conversion of Limited Partner Units to shares of the Parent Company		1,670	1,670
Adjustment to redeemable noncontrolling interests		(12,566)	(12,566)
Partners' capital, balance at end of period at Dec. 31, 2022		3,766,515	3,692,171	74,344
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		10,791	10,791
Other comprehensive income (loss) attributable to Parent Company	(21,909)	(21,909)		(21,909)
Distributions to Parent Company		(212,824)	(212,824)
Net income (loss) attributable to Parent Company	$ 47,498	47,498	47,498
Conversion of Limited Partner Units to shares of the Parent Company		1,568	1,568
Adjustment to redeemable noncontrolling interests		(23,501)	(23,501)
Partners' capital, balance at end of period at Dec. 31, 2023		$ 3,568,138	$ 3,515,703	$ 52,435

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 48,383	$ (12,154)	$ (81,722)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	429,970	472,969	203,142
Gain on sales of operating properties, net	(22,601)	(27,069)	(31,209)
Impairment charges	477	0	0
Straight-line rent	(11,812)	(16,632)	(5,391)
Compensation expense for equity awards	10,116	10,280	6,697
Amortization of debt fair value adjustments	(13,366)	(13,521)	(2,993)
Amortization of in-place lease assets and liabilities	(12,025)	(4,821)	(2,611)
Changes in assets and liabilities:
Tenant receivables	(940)	(16,763)	(3,102)
Deferred costs and other assets	(29,912)	7,522	6,857
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,642)	(20,528)	10,683
Net cash provided by operating activities	394,648	379,283	100,351
Cash flows from investing activities:
Cash and restricted cash acquired in the RPAI merger	0	0	14,992
Acquisitions of interests in properties	(78,274)	(100,142)	(10,445)
Capital expenditures	(142,578)	(158,540)	(57,313)
Net proceeds from sales of land	3,166	4,716	54,157
Net proceeds from sales of operating properties	137,687	75,699	26,556
Investment in short-term deposits	0	125,000	(125,000)
Small business loan repayments	346	657	712
Change in construction payables	(2,078)	6,341	4,413
Distribution from unconsolidated joint venture	0	1,245	1,029
Capital contribution to unconsolidated joint venture	0	(125)	(134)
Net cash used in investing activities	(81,731)	(45,149)	(91,033)
Cash flows from financing activities:
Contributions from the General Partner	86	30	31
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,535)	(15,031)
Purchase of capped calls	0	0	(9,800)
Debt and equity issuance costs	(767)	(5,159)	(8,141)
Loan proceeds	369,095	455,000	215,000
Loan payments	(544,410)	(568,963)	(77,591)
Distributions paid – common unitholders	(210,546)	(179,624)	(57,801)
Distributions paid – redeemable noncontrolling interests	(2,952)	(2,622)	(2,208)
Distributions to noncontrolling interests	(3,196)	0	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	(9,654)	0
Net cash (used in) provided by financing activities	(393,457)	(312,527)	44,459
Net change in cash, cash equivalents and restricted cash	(80,540)	21,607	53,777
Cash, cash equivalents and restricted cash, beginning of year	121,970	100,363	46,586
Cash, cash equivalents and restricted cash, end of year	41,430	121,970	100,363
Supplemental disclosures
Cash paid for interest, net of capitalized interest	120,870	113,744	59,552
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	1,568	1,670	4,236
Kite Realty Group, L.P.
Cash flows from operating activities:
Net income (loss)	48,383	(12,154)	(81,722)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	429,970	472,969	203,142
Gain on sales of operating properties, net	(22,601)	(27,069)	(31,209)
Impairment charges	477	0	0
Straight-line rent	(11,812)	(16,632)	(5,391)
Compensation expense for equity awards	10,116	10,280	6,697
Amortization of debt fair value adjustments	(13,366)	(13,521)	(2,993)
Amortization of in-place lease assets and liabilities	(12,025)	(4,821)	(2,611)
Changes in assets and liabilities:
Tenant receivables	(940)	(16,763)	(3,102)
Deferred costs and other assets	(29,912)	7,522	6,857
Accounts payable, accrued expenses, deferred revenue and other liabilities	(3,642)	(20,528)	10,683
Net cash provided by operating activities	394,648	379,283	100,351
Cash flows from investing activities:
Cash and restricted cash acquired in the RPAI merger	0	0	14,992
Acquisitions of interests in properties	(78,274)	(100,142)	(10,445)
Capital expenditures	(142,578)	(158,540)	(57,313)
Net proceeds from sales of land	3,166	4,716	54,157
Net proceeds from sales of operating properties	137,687	75,699	26,556
Investment in short-term deposits	0	125,000	(125,000)
Small business loan repayments	346	657	712
Change in construction payables	(2,078)	6,341	4,413
Distribution from unconsolidated joint venture	0	1,245	1,029
Capital contribution to unconsolidated joint venture	0	(125)	(134)
Net cash used in investing activities	(81,731)	(45,149)	(91,033)
Cash flows from financing activities:
Contributions from the General Partner	86	30	31
Repurchases of common shares upon the vesting of restricted shares	(767)	(1,535)	(15,031)
Purchase of capped calls	0	0	(9,800)
Debt and equity issuance costs	(767)	(5,159)	(8,141)
Loan proceeds	369,095	455,000	215,000
Loan payments	(544,410)	(568,963)	(77,591)
Distributions paid – common unitholders	(210,546)	(179,624)	(57,801)
Distributions paid – redeemable noncontrolling interests	(2,952)	(2,622)	(2,208)
Distributions to noncontrolling interests	(3,196)	0	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	(9,654)	0
Net cash (used in) provided by financing activities	(393,457)	(312,527)	44,459
Net change in cash, cash equivalents and restricted cash	(80,540)	21,607	53,777
Cash, cash equivalents and restricted cash, beginning of year	121,970	100,363	46,586
Cash, cash equivalents and restricted cash, end of year	41,430	121,970	100,363
Supplemental disclosures
Cash paid for interest, net of capitalized interest	120,870	113,744	59,552
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	$ 1,568	$ 1,670	$ 4,236

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Kite Realty Group Trust (the “Parent Company”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of high-quality, open-air shopping centers and mixed-used assets that are primarily grocery-anchored and located in high-growth Sun Belt markets and select strategic gateway markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering (“IPO”) of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under provisions of the Internal Revenue Code of 1986, as amended. The Parent Company is the sole general partner of the Operating Partnership, and as of December 31, 2023 owned approximately 98.4% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.6% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Actual results could differ from these estimates. As of December 31, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,108,490 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner – IN 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. On October 22, 2021, we completed a merger with Retail Properties of America, Inc. (“RPAI”) pursuant to which RPAI merged with and into a wholly owned subsidiary of the Company, with such subsidiary continuing as a wholly owned subsidiary of the Company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Ordinary repairs and maintenance that do not extend the useful lives of the respective assets are expensed as incurred and included within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included within “Investment properties, at cost” in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation expense is computed using the straight-line method. Buildings and improvements are depreciated over estimated original useful lives ranging from 10 to 35 years. Tenant improvements and allowances are depreciated over the term of the related lease. Equipment and fixtures are depreciated over five The following table summarizes the composition of the Company’s investment properties as of December 31, 2023 and 2022 (in thousands) : Balance as of December 31, 2023 2022 Land, buildings and improvements $ 7,684,066 $ 7,656,765 Construction in progress 55,995 75,808 Investment properties, at cost $ 7,740,061 $ 7,732,573 Valuation of Investment Properties Management reviews our operating and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in the project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated holding period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate. Assets Held for Sale The Company classifies an operating property as held for sale only when the property is available for immediate sale in its present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. An operating property classified as held for sale is carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held-for-sale accounting treatment as of December 31, 2023 and 2022. Acquisition of Investment Properties Real estate assets are recognized on our consolidated balance sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets (consisting of land, buildings and improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition based on an evaluation of information and estimates available at the acquisition date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of, or addition to, rental income over the term of the leases. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income as applicable; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value use methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions and foregone costs related to the reimbursement of property operating expenses, and fair market rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to depreciation and amortization expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, we have not developed a tenant relationship that we consider to have a current intangible value. Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development and management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2023, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2023, these consolidated VIEs had mortgage debt totaling $112.1 million, which was secured by assets of the VIEs totaling $216.5 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model. As of December 31, 2023, the Company also owned investments in four unconsolidated joint ventures accounted for under the equity method, which are not considered VIEs, as follows: Three Property Retail Portfolio Joint Venture On June 29, 2018, the Company formed a joint venture with Nuveen Real Estate, formerly known as TH Real Estate. The Company sold three properties (Livingston Shopping Center, Plaza Volente and Tamiami Crossing) to the joint venture valued at $99.8 million in the aggregate and, after considering third-party debt obtained by the joint venture upon formation, the Company contributed $10.0 million for a 20% noncontrolling ownership interest in the joint venture. The Company is the operating member responsible for the day-to-day management of the properties and receives property management and leasing fees. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Embassy Suites at Eddy Street Commons In December 2017, we formed a joint venture with an unrelated third party to develop and own an Embassy Suites hotel next to Eddy Street Commons, our operating retail property at the University of Notre Dame. We contributed $1.4 million of cash to the joint venture in return for a 35% ownership interest in the joint venture. The joint venture entered into a $33.8 million construction loan, of which $32.7 million was outstanding as of December 31, 2023. The Company accounts for the joint venture under the equity method as both members have substantive participating rights and we do not control the activities of the joint venture. Glendale Multifamily Joint Venture In May 2020, the Company formed a joint venture for the planned development of a multifamily project adjacent to our Glendale Town Center operating retail property in the Indianapolis metropolitan statistical area (“MSA”). The Company contributed land valued at $1.6 million to the joint venture and retained a 12% ownership interest in the joint venture. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Buckingham Mixed-Use Joint Venture In September 2021, the Company formed a joint venture for the planned redevelopment of The Corner (Carmel, IN) into a mixed-use, multifamily and retail project. The Company contributed land valued at $4.0 million to the joint venture and retained a 50% ownership interest in the joint venture. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits. The Company periodically assesses the credit risk associated with these financial institutions and believes the risk of loss is minimal. The following is a summary of our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Cash and cash equivalents $ 36,413 $ 115,799 $ 93,241 Restricted cash and escrow deposits 5,017 6,171 7,122 Cash, cash equivalents and restricted cash $ 41,430 $ 121,970 $ 100,363 Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements. Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the accompanying consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Note 8 to the accompanying consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and Level 3 inputs. N ote 3 to the accompanying consolidated financial statements includes a discussion of the fair values recorded for asset acquisitions. Level 3 inputs to these transactions include our estimations of net rental rates of retail anchor and small shop space, capitalization rates, and disposal values. Note 4 to the accompanying consolidated financial statements includes a discussion of the fair value recorded when we recognized an impairment charge during the year ended December 31, 2023. Level 2 inputs to this transaction include the expected sales price from an executed sales contract. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains and losses resulting from changes in the fair value of the derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair value of derivatives that qualify as cash flow hedges are recorded in “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and amortized over the underlying term of the hedged transaction while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2023 and 2022, all of our derivative financial instruments qualify for hedge accounting. Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that provide for additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements and is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2023, 2022 and 2021. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. If we determine that collectibility is not probable, we recognize income only to the extent that cash has been received from the tenant. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies, which may affect the collection of outstanding receivables. These receivables are reduced for credit loss, which is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such factors as the credit quality of the tenant, historical write-off experience, tenant creditworthiness and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates. We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell properties, land parcels and outlots, some of which are ground-leased to tenants. Net gains realized on such sales were $1.7 million, $4.5 million, and $0.5 million for the years ended December 31, 2023, 2022 and 2021, respectively, and are included within “Other property-related revenue” in the accompanying consolidated statements of operations and comprehensive income. Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue-related activities. An allowance for uncollectible accounts, including future credit losses of the accrued straight-line rent receivables, is maintained for estimated losses resulting from the inability of certain tenants to meet contractual obligations under their lease agreements. Accounts are written off when, in the opinion of management, the balance is deemed uncollectible. The provision for revenues deemed uncollectible represented 0.3%, 0.7%, and 0.9% of total revenues in each of the years ended December 31, 2023, 2022 and 2021, respectively. Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue. For the year ended December 31, 2023, the percentage of the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, Virginia, New York, and Indiana, was as follows: Texas 26.2 % Florida 10.6 % Virginia 7.4 % New York 6.9 % Indiana 6.3 % Earnings Per Share Basic earnings per share/unit is calculated based on the weighted average number of common shares/units outstanding during the period. Diluted earnings per share/unit is determined based on the weighted average number of common shares/units outstanding during the period combined with the incremental average common shares/units that would have been outstanding assuming the conversion of all potentially dilutive common shares/units into common shares/units as of the earliest date possible. Potentially dilutive securities include (i) outstanding options to acquire common shares; (ii) Limited Partner Units, which may be exchanged for either cash or common shares at the Parent Company’s option and under certain circumstances; (iii) appreciation-only Long-Term Incentive Plan (“AO LTIP”) units; and (iv) deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of compensation paid in cash or the issuance of common shares to such trustees. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including those amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding were 3.2 million, 2.8 million, and 2.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. These potentially dilutive securities are excluded from the computation of diluted earnings per share due to the net loss position for the years ended December 31, 2022 and 2021. Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker (“CODM”), which is its Chief Executive Officer, reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The CODM measures and evaluates the financial performance of our portfolio of properties using net operating income, which consists of rental income less property operating expenses and real estate taxes, and does not distinguish or group our operations on a geographical or any other basis for purposes of measuring performance. Accordingly, we have aggregated our properties into one reportable segment for disclosure purposes in accordance with GAAP, as each property has similar economic characteristics, the Company provides similar services to its tenants and the Company’s CODM evaluates the collective performance of our properties. Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the October 2021 merger with RPAI, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership, and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. Our tax return for the year ended December 31, 2023 has not been filed as of the filing date of this Annual Report on Form 10-K of the Parent Company and the Operating Partnership. The taxability information presented for our dividends paid in 2023 is based upon management’s estimate. Consequently, the taxability of dividends is subject to change. The following table summarizes the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2023, 2022 and 2021: 2023 2022 2021 Ordinary income 90.6 % 86.1 % 0.0 % Return of capital 0.0 % 0.0 % 13.4 % Capital gains 9.4 % 13.9 % 86.6 % 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs. Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the accompanying consolidated financial statements. The follo

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Asset Acquisitions The Company closed on the following asset acquisitions during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition September 22, 2023 Prestonwood Place Dallas/Ft. Worth Multi-tenant retail 155,975 $ 81,000 February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas/Ft. Worth Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 December 22, 2021 Nora Plaza Shops Indianapolis, IN Multi-tenant 23,722 $ 13,500 The above acquisitions were funded using a combination of available cash on hand and borrowings on the Company’s unsecured revolving line of credit. The fair value of the real estate and other assets acquired were primarily determined using the income approach, which required us to make assumptions about market leasing rates, tenant-related costs, discount rates, and disposal rates. The estimates of fair value primarily relied upon Level 2 and Level 3 inputs, as previously defined. The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Investment properties, net $ 75,506 $ 99,096 $ 13,488 Lease-related intangible assets, net (1) 6,971 5,223 304 Other assets — 11 — Total acquired assets 82,477 104,330 13,792 Mortgage payable — — 3,578 Accounts payable and accrued expenses 2,823 1,140 100 Deferred revenue and other liabilities 1,556 2,855 189 Total assumed liabilities 4,379 3,995 3,867 Fair value of net assets acquired $ 78,098 $ 100,335 $ 9,925 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.2 years, 6.7 years, and 5.3 years for asset acquisitions completed during the years ended December 31, 2023, 2022 and 2021, respectively. The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2023 2022 2021 Net rental rate per square foot – Retail Anchors N/A $20.50 to $40.00 N/A Net rental rate per square foot – Small Shops $30.00 to $65.00 $24.00 to $65.00 $31.50 to $45.00 Discount rate 8.5% 5.75% to 7.25% 9.0% The results of operations for each of the properties acquired through asset acquisitions during the years ended December 31, 2023, 2022 and 2021 have been included in operations since their respective dates of acquisition. RPAI Merger On October 22, 2021, we completed a merger with RPAI pursuant to which RPAI merged with and into a wholly owned subsidiary of the Company, with such subsidiary continuing as a wholly owned subsidiary of the Company. Under the terms of the merger agreement, each share of RPAI common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.623 newly issued Company common shares, resulting in approximately 133.8 million Company common shares being issued to effect the merger with a total purchase price of approximately $2.8 billion. As a result of the merger, the Company acquired 100 operating retail properties and five development projects under construction along with multiple parcels of entitled land for future value creation. During the years ended December 31, 2022 and 2021, the Company incurred $0.9 million and $86.5 million of merger and acquisition costs, respectively, consisting primarily of professional fees and technology costs in 2022 and fairness opinion, severance charges, and legal, professional and data migration costs in 2021, which are recorded within “Merger and acquisition costs” in the accompanying consolidated statements of operations and comprehensive income. For the year ended December 31, 2021, “Rental income” and “Net income (loss) attributable to common shareholders” in the accompanying consolidated statements of operations and comprehensive income include revenues from the RPAI portfolio of $94.9 million and net loss of $22.8 million for the period from October 22, 2021 through December 31, 2021, which includes $74.7 million of depreciation and amortization, as a result of the merger. Pro Forma Financial Information (unaudited) The following unaudited pro forma financial information is based upon the Company’s historical consolidated statements of operations for the year ended December 31, 2021, adjusted to give effect for the properties assumed through the merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods (in thousands, except per share data) . Year Ended December 31, 2021 Rental income $ 740,954 Net income $ 21,283 Net income attributable to common shareholders $ 20,535 Net income attributable to common shareholders per common share: Basic (1) $ 0.09 Diluted (1) $ 0.09 (1) The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred. Supplemental Schedule of Non-Cash Investing and Financing Activities Related to the RPAI merger The following table summarizes the merger-related non-cash investing and financing activities for the year ended December 31, 2021 (in thousands) : Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness, net $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net (1) $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) (1) Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%.

DISPOSITIONS AND IMPAIRMENT CHA

DISPOSITIONS AND IMPAIRMENT CHARGES	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND IMPAIRMENT CHARGES	DISPOSITIONS AND IMPAIRMENT CHARGES The Company closed on the following dispositions during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,638 September 11, 2023 Reisterstown Road Plaza Dallas/Ft. Worth Multi-tenant retail & office 376,683 48,250 (5,773) October 24, 2023 Eastside Dallas/Ft. Worth Multi-tenant retail & office 43,640 14,425 — 578,495 $ 142,050 $ 22,601 January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (3) — 10,000 (57) 100,016 $ 75,550 $ 27,069 October 26, 2021 Westside Market Dallas/Ft. Worth Multi-tenant retail 93,377 $ 24,775 $ 4,323 (1) The Company sold a portion of the redevelopment at Hamilton Crossing Centre. The total number of properties in our portfolio was not affected by this transaction. (2) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. (3) The Company sold the ground lease interest in one tenant at Lincoln Plaza, an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction. During the year ended December 31, 2023, the Company recorded a $0.5 million impairment charge in connection with the sale of Eastside, a 43,640 square foot multi-tenant retail property in the Dallas/Ft. Worth MSA, as a result of a change in the expected hold period. The Company recorded the asset at the lower of cost or fair value less estimated costs to sell, which was approximately $14.1 million. The estimated fair value of Eastside was based upon the expected sales price from an executed sales contract and determined to be a Level 3 input within the fair value hierarchy. Eastside was sold on October 24, 2023 for a gross sales price of $14.4 million. During the year ended December 31, 2021, the Company also sold 17 ground leases for gross proceeds of $42.0 million and a net gain on sale There were no discontinued operations for the years ended December 31, 2023, 2022 and 2021 as none of the dispositions represented a strategic shift that has had, or will have, a material effect on our operations or financial results.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Overview The Company’s 2013 Equity Incentive Plan was amended and restated as of May 11, 2022 (the “Equity Plan”) to, among other things, provide for the issuance of up to an additional 3,000,000 common share equivalents of the Company. The Equity Plan authorizes the issuance of share options, share appreciation rights, restricted shares and units, long-term incentive plan units (“LTIP Units”), “appreciation only” LTIP Units (“AO LTIP Units”), performance awards and other share-based awards to employees and trustees. As of December 31, 2023, there were 5,564,715 common share equivalents available for grant under the Equity Plan. The Company accounts for its share-based compensation in accordance with the fair value recognition provisions provided in ASC 718, Stock Compensation . During the years ended December 31, 2023, 2022 and 2021, the Company recognized $10.1 million, $10.3 million, and $7.2 million of share-based compensation expense, net of amounts capitalized, respectively, which is included within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. During the years ended December 31, 2023, 2022 and 2021, the Company capitalized $1.4 million, $1.3 million, and $1.0 million of share-based compensation for development activities, respectively. The Company recognizes forfeitures as they occur. Share Options Pursuant to the Equity Plan, the Company may periodically grant options to purchase common shares at an exercise price equal to the grant date fair value of the Company’s common shares. Options granted typically vest over a five-year period and expire 10 years from the grant date. The Company issues new common shares upon the exercise of options. There was no option activity during the year ended December 31, 2023 as all outstanding options were exercised during 2022. In addition, no options were granted during the years ended December 31, 2023, 2022 or 2021. The aggregate intrinsic value of the 1,250 options exercised during each of the years ended December 31, 2022 and 2021 was $3,300 and $6,550, respectively. Restricted Shares The Equity Plan authorizes the grant of restricted common shares, which are considered outstanding shares from the date of grant and typically vest over a period ranging from three The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2023: Number of Weighted Average Restricted shares outstanding as of January 1, 2023 300,833 $ 19.98 Shares granted 229,551 21.45 Shares forfeited (9,238) 21.64 Shares vested (184,069) 19.38 Restricted shares outstanding as of December 31, 2023 337,077 $ 21.28 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2023 229,551 $ 21.45 $ 3,936 2022 206,855 $ 21.15 $ 4,459 2021 194,411 $ 19.85 $ 3,763 As of December 31, 2023, there was $3.9 million of total unrecognized compensation expense related to restricted shares, which is expected to be recognized over a weighted average period of one year. We expect to incur $2.3 million of this expense in 2024, $1.4 million in 2025, and the remainder in 2026. Restricted Units Time-based restricted unit awards were granted on a discretionary basis to the Company’s named executive officers in 2023, 2022 and 2021 based on a review of the prior year’s performance. The following table summarizes the activity for the restricted unit awards for the year ended December 31, 2023: Number of Weighted Average Restricted units outstanding as of January 1, 2023 407,138 $ 14.41 Restricted units granted 163,515 17.45 Restricted units vested (167,783) 14.48 Restricted units outstanding as of December 31, 2023 402,870 $ 15.61 The following table summarizes the restricted unit grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2023 163,515 $ 17.45 $ 3,740 2022 138,505 $ 17.07 $ 3,173 2021 72,689 $ 14.26 $ 2,956 As of December 31, 2023, there was $4.6 million of total unrecognized compensation expense related to restricted units, which is expected to be recognized over a weighted average period of 1.1 years. We expect to incur $2.6 million of this expense in 2024, $1.8 million in 2025, and the remainder in 2026. AO LTIP Units – 2021 Awards During the year ended December 31, 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Equity Plan. Number of Participation Threshold John A. Kite 477,612 $ 16.69 Thomas K. McGowan 149,254 $ 16.69 Heath R. Fear 119,403 $ 16.69 The Company entered into award agreements with each executive officer with respect to his awards, which provide terms of vesting, conversion, distribution, and other terms. AO LTIP Units are designed to have economics similar to stock options and allow the recipient, subject to vesting requirements, to realize value above a threshold level set as of the grant date of the award (the “Participation Threshold”). The value of vested AO LTIP Units is realized through conversion into a number of vested Long-Term Incentive Plan (“LTIP”) Units in the Operating Partnership determined on the basis of how much the value of a common share of the Company has increased over the Participation Threshold. The AO LTIP Units are only exercisable and convertible into vested LTIP Units of the Operating Partnership to the extent that they become vested AO LTIP Units. The awards of AO LTIP Units are subject to both time-based and stock price performance-based vesting requirements. Subject to the terms of the award agreement, the AO LTIP Units shall vest and become fully exercisable as of the date that both of the following requirements have been met: (i) the grantee remains in continuous service from the grant date through the third anniversary of the grant date; and (ii) at any time during the period beginning in the second year and ending at the end of the fifth year following the grant date, the reported closing price per common share of the Company appreciates at least 15% over the applicable Participation Threshold per AO LTIP Unit (as set forth in the table above) for a minimum of 20 consecutive trading days. Any AO LTIP Units that do not become vested will be forfeited and become null and void as of the fifth anniversary of the grant date, but AO LTIP Units may also be forfeited earlier in connection with a corporate transaction or with the executive’s termination of service. The AO LTIP Units were valued using a Monte Carlo simulation and the resulting compensation expense is being amortized over three years awards. Compensation expense for the awards granted in 2021 totaled $3.0 million, of which we recognized $0.9 million, $1.0 million and $1.0 million of compensation expense during the years ended December 31, 2021, 2022 and 2023, respectively, and expect to incur the remainder in 2024. Special Long-Term Equity Award In January 2022, the Compensation Committee of the Company’s Board of Trustees granted a total of 363,883 LTIP Units to the Company’s named executive officers as a special long-term equity award related to the October 2021 merger with RPAI, which are subject to both performance and service conditions. The LTIP Units granted are subject to an approximate three-year performance and service period, from October 23, 2021 through December 31, 2024, and the performance components are as follows: (i) cumulative annualized net operating income for executed new leases from October 1, 2021 to December 31, 2024, which will be weighted at 60%; (ii) post-merger cash general and administrative expense synergies achieved as of the end of the performance period, which will be weighted at 20%; and (iii) same property net operating income margin improvement over the performance period, which will be weighted at 20%. Overall performance is further subject to an absolute total shareholder return modifier that has the ability to increase (or decrease) the total number of LTIP Units eligible to vest by 25% (not to exceed the maximum number of LTIP Units). Distributions will accrue during the performance period and be paid only on LTIP Units that vest at the conclusion of the performance period, and any accrued distributions on vested LTIP Units will be settled in cash at such time.

DEFERRED COSTS AND INTANGIBLES,

DEFERRED COSTS AND INTANGIBLES, NET	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
DEFERRED COSTS AND INTANGIBLES, NET	DEFERRED COSTS AND INTANGIBLES, NET Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized internal commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. As of December 31, 2023 and 2022, deferred costs consisted of the following (in thousands) : December 31, 2023 2022 Acquired lease intangible assets $ 433,771 $ 522,152 Deferred leasing costs and other 74,662 66,842 508,433 588,994 Less: accumulated amortization (204,262) (179,166) Deferred costs, net $ 304,171 $ 409,828 The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2024 $ 8,935 $ 66,000 $ 74,935 2025 6,822 42,293 49,115 2026 4,865 28,974 33,839 2027 3,505 19,460 22,965 2028 2,432 15,376 17,808 Thereafter 2,644 39,806 42,450 Total $ 29,203 $ 211,909 $ 241,112 The amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of deferred leasing costs, lease intangibles and other $ 107,542 $ 150,245 $ 45,423 Amortization of above-market lease intangibles $ 12,007 $ 13,562 $ 3,483

DEFERRED REVENUE, INTANGIBLES,

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES Deferred revenue and other liabilities consist of (i) the unamortized fair value of below-market lease liabilities recorded in connection with purchase accounting, (ii) retainage payables for development and redevelopment projects, (iii) tenant rent payments received in advance of the month in which they are due, and (iv) lease liabilities recorded upon adoption of ASU 2016-02, Leases (Topic 842) . The amortization of below-market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below-market renewal options) through 2085. Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt. As of December 31, 2023 and 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2023 2022 Unamortized in-place lease liabilities $ 159,449 $ 188,815 Retainages payable and other 9,229 12,110 Tenant rents received in advance 35,339 29,947 Lease liabilities 68,925 67,167 Deferred revenue and other liabilities $ 272,942 $ 298,039 The amortization of below-market lease intangibles is included as a component of “Rental income” in the accompanying consolidated statements of operations and comprehensive income and totaled $24.0 million, $18.4 million, and $6.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : 2024 $ 19,346 2025 13,186 2026 12,149 2027 10,274 2028 9,665 Thereafter 94,829 Total $ 159,449

MORTGAGE AND OTHER INDEBTEDNESS

MORTGAGE AND OTHER INDEBTEDNESS	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
MORTGAGE AND OTHER INDEBTEDNESS	MORTGAGE AND OTHER INDEBTEDNESS The following table summarizes the Company’s indebtedness as of December 31, 2023 and 2022 (in thousands) : December 31, 2023 2022 Mortgages payable $ 153,306 $ 233,621 Senior unsecured notes 1,829,635 1,924,635 Unsecured term loans 820,000 820,000 Unsecured revolving line of credit — — 2,802,941 2,978,256 Unamortized discounts and premiums, net 35,765 44,362 Unamortized debt issuance costs, net (9,504) (12,319) Mortgage and other indebtedness, net $ 2,829,202 $ 3,010,299 Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2023, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 2,630,941 94 % 3.98 % 3.6 Variable rate debt (2) 172,000 6 % 9.15 % 2.7 Debt discounts, premiums and issuance costs, net 26,261 N/A N/A N/A Mortgage and other indebtedness, net $ 2,829,202 100 % 4.30 % 3.6 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2023, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 1.7 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2023, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 1.7 years. Mortgages Payable The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2023 December 31, 2022 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 136,306 5.09 % 8.1 $ 205,328 3.98 % 1.4 Variable rate mortgage payable (2) 17,000 7.59 % 2.6 28,293 5.96 % 0.6 Total mortgages payable $ 153,306 $ 233,621 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2023 and 2022. (2) In July 2023, the interest rate on the variable rate mortgage increased to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 215 basis points from BSBY plus 160 basis points in conjunction with the July 2023 amendment of the loan agreement. The one-month BSBY rate was 5.44% and 4.36% as of December 31, 2023 and 2022, respectively. Mortgages payable, which are secured by certain real estate and, in some cases, by guarantees from the Operating Partnership, are generally due in monthly installments of principal and interest and mature over various terms through 2033. During the year ended December 31, 2023, we (i) originated a 10-year $95.1 million mortgage payable at a fixed interest rate of 5.36% secured by the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H, (ii) amended the loan agreement on the variable rate mortgage secured by Delray Marketplace to extend the maturity date to August 4, 2026, with a one-year extension option, and made a $9.9 million paydown of the principal balance using available cash on hand, (iii) repaid mortgages payable totaling $161.5 million that had a weighted average fixed interest rate of 3.85%, and (iv) made scheduled principal payments of $4.0 million related to amortizing loans. Unsecured Notes The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : December 31, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ — — % $ 95,000 4.23 % Senior notes – 4.58% due 2024 June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR + 3.65% due 2025 (1) September 10, 2025 80,000 9.27 % 80,000 8.41 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR + 3.75% due 2027 (2) September 10, 2027 75,000 9.37 % 75,000 8.51 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,829,635 $ 1,924,635 (1) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of December 31, 2023, $80,000 of 4.47% senior unsecured notes due 2025 has been swapped to a variable rate of three-month Secured Overnight Financing Rate (“SOFR”) plus 3.65% through September 10, 2025. As of December 31, 2022, $80,000 of 4.47% senior unsecured notes due 2025 had been swapped to a variable rate of three-month London Interbank Offered Rate (“LIBOR”) plus 3.65%. (2) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of December 31, 2023, $75,000 of 4.57% senior unsecured notes due 2027 has been swapped to a variable rate of three-month SOFR plus 3.75% through September 10, 2025. As of December 31, 2022, $75,000 of 4.57% senior unsecured notes due 2027 had been swapped to a variable rate of three-month LIBOR plus 3.75%. During the year ended December 31, 2023, the Company repaid the $95.0 million principal balance of the 4.23% senior unsecured notes due 2023 using available cash on hand. Subsequent to December 31, 2023, the Company completed a public offering of $350.0 million in aggregate principal amount of 5.50% senior unsecured notes due 2034 (“Notes Due 2034”), which we expect will be used to satisfy all 2024 debt maturities. See Note 14 for further details. Private Placement Senior Unsecured Notes In October 2021, in connection with the merger with RPAI, the Operating Partnership entered into a number of assumption agreements pursuant to which the Operating Partnership assumed all of RPAI’s obligations under RPAI’s existing note purchase agreements related to an aggregate of $450.0 million in principal of privately placed senior unsecured notes. In addition, in August 2015, the Operating Partnership entered into a note purchase agreement in connection with the issuance of $250.0 million of senior unsecured notes at a blended rate of 4.41% and an average maturity of 9.8 years (collectively, the “Private Placement Notes”). Each series of Private Placement Notes require semi-annual interest payments each year until maturity. The Operating Partnership may prepay at any time all, or from time to time any part of, any series of the Private Placement Notes in an amount not less than 5% of the aggregate principal amount of such series of the Private Placement Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid plus a make-whole amount (as defined in the applicable note purchase agreement). The make-whole amount is equal to the excess, if any, of the discounted value of the remaining scheduled payments with respect to the Private Placement Notes being prepaid over the amount of such Private Placement Notes. Each note purchase agreement contains customary financial maintenance covenants, including a maximum total leverage ratio, secured and unsecured leverage ratios and a minimum interest coverage ratio. Each note purchase agreement also contains restrictive covenants that restrict the ability of the Operating Partnership and its subsidiaries to, among other things, enter into transactions with affiliates, merge or consolidate, transfer assets or incur liens. Further, each note purchase agreement contains customary events of default, including in relation to non-payment, breach of covenants, defaults under certain other indebtedness, judgment defaults and bankruptcy events. In the case of an event of default, the holders of the Private Placement Notes may, among other remedies, accelerate the payment of all obligations. Publicly Placed Senior Unsecured Notes In October 2021, in connection with the merger with RPAI, the Operating Partnership (as successor by merger to RPAI) assumed all of RPAI’s outstanding $750.0 million aggregate principal of publicly placed senior unsecured notes. In addition, the Operating Partnership completed a $300.0 million public offering of 4.00% senior unsecured notes in September 2016 (collectively, the “Public Placement Notes”). The Public Placement Notes require semi-annual interest payments each year until maturity. The Public Placement Notes are the direct, senior unsecured obligations of the Operating Partnership and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The Operating Partnership may redeem the Public Placement Notes at its option and in its sole discretion, at any time or from time to time, prior to three months prior to the respective maturity date (such date, the “Par Call Date”), at a redemption price equal to 100% of the principal amount of the applicable Public Placement Notes being redeemed, plus accrued and unpaid interest and a “make-whole” premium calculated in accordance with the indenture. Redemptions on or after the respective Par Call Date are not subject to the addition of a “make-whole” premium. Exchangeable Senior Notes In March 2021, the Operating Partnership issued $175.0 million aggregate principal amount of 0.75% exchangeable senior notes maturing in April 2027 (the “Exchangeable Notes”). The Exchangeable Notes are governed by an indenture between the Operating Partnership, the Company and U.S. Bank National Association, as trustee. The Exchangeable Notes were sold in the U.S. only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional investors pursuant to Rule 144A under the Securities Act. The net proceeds from the offering of the Exchangeable Notes were approximately $169.7 million after deducting the underwriting fees and other expenses paid by the Company. The Exchangeable Notes bear interest at a rate of 0.75% per annum, payable semi-annually in arrears, and will mature on April 1, 2027. During the years ended December 31, 2023, 2022 and 2021, we recognized approximately $1.3 million, $1.3 million, and $1.6 million, respectively, of interest expense for the Exchangeable Notes. Prior to January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof only upon certain circumstances and during certain periods. On or after January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof at the option of the holders at any time prior to the close of business on the second scheduled trading day preceding the maturity date. The exchange rate will initially equal 39.6628 common shares per $1,000 principal amount of Exchangeable Notes (equivalent to an exchange price of approximately $25.21 per common share and an exchange premium of approximately 25% based upon the closing price of $20.17 per common share on March 17, 2021). The exchange rate will be subject to adjustment upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. The Operating Partnership may redeem the Exchangeable Notes, at its option, in whole or in part, on any business day on or after April 5, 2025, if the last reported sale price of the common shares has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the issuer provides notice of redemption at a redemption price equal to 100% of the principal amount of the Exchangeable Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. In connection with the Exchangeable Notes, the Operating Partnership entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with certain of the initial purchasers of the Exchangeable Notes or their respective affiliates. The Capped Call Transactions initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the Exchangeable Notes, the number of common shares underlying the Exchangeable Notes. The Capped Call Transactions are expected generally to reduce the potential dilution to holders of common shares upon exchange of the Exchangeable Notes. The cap price of the Capped Call Transactions was initially approximately $30.26, which represents a premium of approximately 50% over the last reported sale price of common shares on March 17, 2021 and is subject to anti-dilution adjustments under the terms of the Capped Call Transactions. We incurred $9.8 million of costs related to the Capped Call Transactions, which are included within “Additional paid-in capital” in the accompanying consolidated balance sheets. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ 120,000 2.68 % $ 120,000 2.68 % Unsecured term loan due 2025 – fixed rate (2) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (3) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 3.82 % 300,000 4.05 % Total unsecured term loans $ 820,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) January 8, 2026 $ — 6.58 % $ — 5.56 % (1) $120,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of December 31, 2023 and 2022. (2) $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (3) $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of December 31, 2023 and 2022. (4) As of December 31, 2023, $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.47% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through August 1, 2025. As of December 31, 2022, $300,000 of SOFR-based variable rate debt had been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of December 31, 2023 and 2022. (5) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. Unsecured Revolving Credit Facility In July 2022, the Operating Partnership, as borrower, and the Company entered into the Second Amendment (the “Second Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 8, 2021 (as amended, the “Credit Agreement”) with a syndicate of financial institutions to provide for an unsecured revolving credit facility aggregating $1.1 billion (the “Revolving Facility”) and a seven-year $300.0 million unsecured term loan (the “$300M Term Loan”). Under the Second Amendment, the Operating Partnership has the option, subject to certain customary conditions, to increase the Revolving Facility and/or incur additional term loans in an aggregate amount for all such increases and additional loans of up to $600.0 million, for a total facility amount of up to $2.0 billion. The Revolving Facility has a scheduled maturity date of January 8, 2026, which maturity date may be extended for up to two additional periods of six months at the Operating Partnership’s option, subject to certain conditions. Borrowings under the Revolving Facility bear interest at a rate per annum equal to SOFR plus a margin based on the Operating Partnership’s leverage ratio or credit rating, respectively, plus a facility fee based on the Operating Partnership’s leverage ratio or credit rating, respectively. The SOFR rate is also subject to an additional 0.10% spread adjustment as specified in the Second Amendment. The Revolving Facility is currently priced on the leverage-based pricing grid. In accordance with the Credit Agreement, the credit spread set forth in the leverage grid resets quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company may irrevocably elect to convert to the ratings-based pricing grid at any time. As of December 31, 2023, making such an election would have resulted in a lower interest rate; however, the Company had not made the election to convert to the ratings-based pricing grid. The Credit Agreement includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. The following table summarizes the key terms of the Revolving Facility as of December 31, 2023 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The Operating Partnership’s ability to borrow under the Credit Agreement is subject to ongoing compliance by the Operating Partnership and its subsidiaries with various restrictive covenants, including with respect to liens, transactions with affiliates, dividends, mergers and asset sales. In addition, the Credit Agreement requires that the Operating Partnership satisfy certain financial covenants, including (i) a maximum leverage ratio; (ii) a minimum fixed charge coverage ratio; (iii) a maximum secured indebtedness ratio; (iv) a maximum unsecured leverage ratio; and (v) a minimum unencumbered interest coverage ratio. As of December 31, 2023, we were in compliance with all such covenants. The Credit Agreement includes customary representations and warranties, which must continue to be true and correct in all material respects as a condition to future draws under the Revolving Facility. The Credit Agreement also contains customary events of default, the occurrence of which, following any applicable grace period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations under the Credit Agreement to be immediately due and payable. Unsecured Term Loans In July 2022, in conjunction with the Second Amendment, the Operating Partnership obtained a $300M Term Loan that is priced on a ratings-based pricing grid at a rate of SOFR plus a credit spread ranging from 1.15% to 2.20%. The SOFR rate is also subject to an additional 0.10% spread adjustment as specified in the Second Amendment. Proceeds from the $300M Term Loan were used to repay outstanding indebtedness and for general corporate purposes. The Operating Partnership is permitted to prepay the $300M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before July 29, 2024. The agreement related to the $300M Term Loan includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. In October 2021, in connection with the merger with RPAI, the Operating Partnership (as successor by merger to RPAI) assumed RPAI’s $120.0 million (the “$120M Term Loan”) and $150.0 million (the “$150M Term Loan”) unsecured term loans, which were originally priced on a leverage-based pricing grid with the credit spread set forth in the leverage grid resetting quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company had the option to irrevocably elect to convert to a ratings-based pricing grid at any time. On August 2, 2022, the Company made the election to convert to the ratings-based pricing grid. The agreement related to the $150M Term Loan includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. Under the agreement related to the $120M Term Loan and the $150M Term Loan, the Operating Partnership has the option to increase each of the term loans to $250.0 million upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay each of the $120M Term Loan and $150M Term Loan, in whole or in part, at any time without being subject to a prepayment fee. In October 2018, the Operating Partnership entered into a term loan agreement with a group of financial institutions providing for an unsecured term loan facility of up to $250.0 million (the “$250M Term Loan”). The Operating Partnership has the option to increase the $250M Term Loan to $300.0 million, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay the $250M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before October 25, 2023. The unsecured term loan agreements contain representations, financial and other affirmative and negative covenants and events of default that are substantially similar to those contained in the Credit Agreement. The unsecured term loan agreements all rank pari passu with the Operating Partnership’s Revolving Facility and other unsecured indebtedness of the Operating Partnership. The following table summarizes the key terms of the unsecured term loans as of December 31, 2023 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 10/24/2025 (1) 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. Debt Issuance Costs Debt issuance costs are amortized over the terms of the respective loan agreements. The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of debt issuance costs $ 3,609 $ 3,163 $ 2,681 Debt Maturities The following table summarizes the scheduled maturities and principal amortization of the Company’s indebtedness as of December 31, 2023 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2024 $ 5,121 $ — $ 269,635 $ 274,756 2025 5,248 — 680,000 685,248 2026 4,581 10,600 550,000 565,181 2027 3,120 — 250,000 253,120 2028 3,757 — 100,000 103,757 Thereafter 28,091 92,788 800,000 920,879 $ 49,918 $ 103,388 $ 2,649,635 $ 2,802,941 Debt discounts, premiums and issuance costs, net 26,261 Mortgage and other indebtedness, net $ 2,829,202 Other Debt Activity During the years ended December 31, 2023, 2022 and 2021, we capitalized interest totaling $3.7 million, $2.4 million and $1.6 million, respectively. Fair Value of Fixed and Variable Rate Debt As of December 31, 2023, the estimated fair value of fixed rate debt was $1.9 billion compared to the book value of $2.0 billion. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 5.53% to 7.48%. As of December 31, 2023, the estimated fair value of variable rate debt was $841.1 million compared to the book value of $837.0 million. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 6.50% to 7.45%.

DERIVATIVE INSTRUMENTS, HEDGING

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME In order to manage potential future variable interest rate risk, we enter into interest rate derivative agreements from time to time. We do not use interest rate derivative agreements for trading or speculative purposes. The agreements with each of our derivative counterparties provide that in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. In December 2023, we entered into three forward-starting interest rate swap agreements with notional amounts totaling $150.0 million that swap a floating rate of compound SOFR for a fixed rate of 3.44% with an effective date of June 28, 2024 and a maturity date of June 28, 2034. These interest rate swaps fixed the interest rate on a portion of the Notes Due 2034, which were issued in January 2024, and were subsequently terminated upon issuance of the Notes Due 2034. We received $0.7 million upon termination, which will be included as a component of “Accumulated other comprehensive income” in the consolidated balance sheets and reclassified as an increase to earnings over the term of the debt. The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of December 31, 2023 and 2022 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date December 31, 2023 December 31, 2022 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 4,952 $ 7,134 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 2,415 3,616 Cash Flow Two — SOFR 2.72 % 8/3/2022 11/22/2023 — 3,663 Cash Flow Two 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 5,716 4,370 Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 2,236 5,461 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 7,744 10,896 $ 820,000 $ 23,063 $ 35,140 Fair Value (2) Two $ 155,000 SOFR SOFR + 3.70% 4/23/2021 9/10/2025 $ (9,408) $ (14,177) Forward-Starting Cash Flow (3) Three $ 150,000 SOFR 3.44 % 6/28/2024 6/28/2034 $ (700) $ — (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) On July 1, 2023, the fallback rate in the derivative agreements went into effect. The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR plus 3.70% as of December 31, 2023 and three-month LIBOR plus 3.70% as of December 31, 2022. (3) Subsequent to December 31, 2023, the forward-starting interest rate swaps were terminated in conjunction with the issuance of the Notes Due 2034. In October 2022, we terminated two forward-starting interest rate swaps with notional amounts totaling $150.0 million and a maturity date of June 1, 2032 and received $30.9 million upon termination. This settlement is included as a component of “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and is being reclassified to earnings over time as the hedged items are recognized in earnings. During the year ended December 31, 2023, we accelerated the reclassification of $3.1 million in accumulated other comprehensive income as a reduction to interest expense as a result of the hedged forecasted transaction becoming probable not to occur. Subsequent to December 31, 2023, we completed a public offering of the Notes Due 2034. See Note 14 for further details. These interest rate derivative agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties. We have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives use Level 3 inputs such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of December 31, 2023 and 2022, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations are classified within Level 2 of the fair value hierarchy. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. Approximately $17.4 million was reclassified as an increase to earnings during the year ended December 31, 2023. Approximately $7.3 million and $7.7 million was reclassified as a decrease to earnings during the years ended December 31, 2022 and 2021, respectively. As interest payments on our derivatives are made over the next 12 months, we estimate the decrease to interest expense to be approximately $18.8 million, assuming the current SOFR curve. Unrealized gains and losses on our interest rate derivative agreements are the only components of the change in accumulated other comprehensive income.

LEASE INFORMATION

LEASE INFORMATION	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of the contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the October 2021 merger with RPAI, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the merger on October 22, 2021. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Fixed contractual lease payments – operating leases $ 637,915 $ 615,773 $ 292,873 Variable lease payments – operating leases 151,853 151,304 69,422 Bad debt reserve (3,459) (6,027) (2,897) Straight-line rent adjustments 13,186 17,031 4,674 Straight-line rent (reserve) recovery for uncollectibility (1,374) (553) 716 Amortization of in-place lease liabilities, net 12,025 4,821 2,611 Rental income $ 810,146 $ 782,349 $ 367,399 The weighted average remaining term of the lease agreements is approximately 5.1 years. During the years ended December 31, 2023, 2022 and 2021, the Company earned overage rent totaling $7.5 million, $5.9 million, and $0.8 million, respectively. As of December 31, 2023, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2024 $ 615,479 2025 566,314 2026 503,985 2027 432,467 2028 342,810 Thereafter 1,105,808 Total $ 3,566,863 Commitments under Ground Leases As of December 31, 2023, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2025 to 2092 with a weighted average remaining term of 34.0 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2023, 2022 and 2021, the Company incurred ground lease expense on these operating leases of $3.9 million, $3.9 million, and $2.8 million, respectively. The Company made payments of $5.2 million, $5.1 million, and $2.6 million during the years ended December 31, 2023, 2022 and 2021, respectively, which are included within operating cash flows. As of December 31, 2023, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2024 $ 5,101 2025 5,306 2026 5,413 2027 5,586 2028 5,044 Thereafter 105,644 $ 132,094 Adjustment for discounting (63,169) Lease liabilities as of December 31, 2023 $ 68,925
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of the contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the October 2021 merger with RPAI, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the merger on October 22, 2021. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Fixed contractual lease payments – operating leases $ 637,915 $ 615,773 $ 292,873 Variable lease payments – operating leases 151,853 151,304 69,422 Bad debt reserve (3,459) (6,027) (2,897) Straight-line rent adjustments 13,186 17,031 4,674 Straight-line rent (reserve) recovery for uncollectibility (1,374) (553) 716 Amortization of in-place lease liabilities, net 12,025 4,821 2,611 Rental income $ 810,146 $ 782,349 $ 367,399 The weighted average remaining term of the lease agreements is approximately 5.1 years. During the years ended December 31, 2023, 2022 and 2021, the Company earned overage rent totaling $7.5 million, $5.9 million, and $0.8 million, respectively. As of December 31, 2023, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2024 $ 615,479 2025 566,314 2026 503,985 2027 432,467 2028 342,810 Thereafter 1,105,808 Total $ 3,566,863 Commitments under Ground Leases As of December 31, 2023, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2025 to 2092 with a weighted average remaining term of 34.0 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2023, 2022 and 2021, the Company incurred ground lease expense on these operating leases of $3.9 million, $3.9 million, and $2.8 million, respectively. The Company made payments of $5.2 million, $5.1 million, and $2.6 million during the years ended December 31, 2023, 2022 and 2021, respectively, which are included within operating cash flows. As of December 31, 2023, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2024 $ 5,101 2025 5,306 2026 5,413 2027 5,586 2028 5,044 Thereafter 105,644 $ 132,094 Adjustment for discounting (63,169) Lease liabilities as of December 31, 2023 $ 68,925

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.25 per common share and Common Unit for the fourth quarter of 2023. This distribution was paid on January 12, 2024 to common shareholders and common unitholders of record as of January 5, 2024. For the years ended December 31, 2023, 2022 and 2021, we declared cash distributions totaling $0.97, $0.87, and $0.72, respectively, per common share and Common Unit. At-The-Market Offering Program On February 23, 2021, the Company and the Operating Partnership entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with each of BofA Securities, Inc., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and Raymond James & Associates, Inc., pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $150.0 million of its common shares of beneficial interest, $0.01 par value per share, under an at-the-market offering program (the “ATM Program”). On November 30, 2021, the Company and the Operating Partnership amended the Equity Distribution Agreement to reflect their filing of a shelf registration statement on November 16, 2021 with the SEC. The Operating Partnership intends to use the net proceeds, if any, to repay borrowings under its Revolving Facility and other indebtedness and for working capital and other general corporate purposes. The Operating Partnership may also use the net proceeds for acquisitions of operating properties and the development or redevelopment of properties, although there are currently no understandings, commitments or agreements to do so. As of December 31, 2023, the Company has not sold any common shares under the ATM Program. Share Repurchase Program In February 2021, our Board of Trustees approved a share repurchase program under which the Company may repurchase, from time to time, up to an aggregate of $150.0 million of its common shares. In April 2022, our Board of Trustees authorized a $150.0 million increase to the size of the share repurchase program, authorizing share repurchases up to an aggregate of $300.0 million of its common shares (the “Share Repurchase Program”). The Company intends to fund any future repurchases under the Share Purchase Program with cash on hand or availability under the Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements, and other factors. In February 2024, the Company extended the Share Repurchase Program for an additional year to February 28, 2025, if not terminated or extended prior to that date. As of December 31, 2023, the Company has not repurchased any shares under the Share Repurchase Program. Dividend Reinvestment and Share Purchase Plan We maintain a dividend reinvestment and share purchase plan that offers shareholders and new investors the option to invest all or a portion of their common share dividends in additional common shares. Participants in this plan are also able to make optional cash investments with certain restrictions.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Other Commitments and Contingencies We are obligated under various completion guarantees with certain lenders and lease agreements with tenants to complete all or portions of a development project and tenant-specific space currently under construction. We believe we currently have sufficient financing in place to fund these projects and expect to do so primarily through free cash flow or borrowings on the Revolving Facility. In 2017, we provided a repayment guaranty on a $33.8 million construction loan associated with the development of the Embassy Suites at the University of Notre Dame, consistent with our 35% ownership interest. Our portion of the repayment guaranty is limited to $5.9 million, and the guaranty’s term is through July 1, 2024, the maturity date of the construction loan. As of December 31, 2023, the outstanding loan balance was $32.7 million, of which our share was $11.4 million. The loan is secured by the hotel. In 2021, we provided repayment and completion guaranties on loans totaling $66.2 million associated with the development of The Corner mixed-use project in the Indianapolis MSA. As of December 31, 2023, the outstanding balance of the loans was $61.0 million, of which our share was $30.5 million. Legal Proceedings We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us. We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole.

RELATED PARTIES AND RELATED PAR

RELATED PARTIES AND RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTIES AND RELATED PARTY TRANSACTIONS	RELATED PARTIES AND RELATED PARTY TRANSACTIONS Subsidiaries of the Company provide certain management, construction management and other services to a number of entities owned by several members of the Company’s management. During each of the years ended December 31, 2023, 2022 and 2021, we earned less than $0.1 million from entities owned by certain members of management. We reimburse entities owned by certain members of the Company’s management for certain travel and related services. During each of the years ended December 31, 2023, 2022 and 2021, we paid $0.3 million to this related entity. On August 7, 2023, a wholly owned subsidiary of the Company (“KRG Development”) assigned to Pan Am Development Partners, LLC (“Assignee”) certain rights and obligations related to the development of a hotel on the Pan Am Plaza site across from the Indiana Convention Center in Indianapolis, IN, including certain future development rights and a right of first offer involving the project (collectively, the “Project Rights and Obligations”). Assignee is a wholly owned subsidiary of Circle Block Investors, LLC, the parent company that owns the Conrad Indianapolis hotel, of which Mr. Alvin E. Kite, our Chairman Emeritus and the father of Mr. John A. Kite, is the majority owner, and Mr. John A. Kite, our Chief Executive Officer and Chairman of the Board, and Mr. Thomas K. McGowan, our President and Chief Operating Officer, are minority owners. In connection with the transaction, Assignee assumed all Project Rights and Obligations from and after August 7, 2023 and agreed to pay KRG Development an assignment fee of up to $3.5 million (the “Assignment Fee”), which is due and payable upon the completion of certain development activities that are expected to occur in 2024. In connection with the transactions, Mr. Kite and Mr. McGowan expressly acknowledged and agreed that they remain subject to their executive employment agreements with the Company, including, without limitation, the obligation of each executive to devote substantially all his business time and effort to the performance of his duties for the Company. Assignee will engage a team of full-time professionals to perform the Project Rights and Obligations. The transaction was approved by a special transaction committee of the independent trustees of the Company (the “Transaction Committee”) as well as the Company’s independent trustees. The Transaction Committee engaged a third-party financial advisor to assist in determining the net value of the Project Rights and Obligations and establishing the Assignment Fee.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2023, we completed a public offering of $350.0 million aggregate principal amount of 5.50% senior unsecured notes due 2034 (“Notes Due 2034”). The Notes Due 2034 were priced at 98.670% of the principal amount to yield 5.673% to maturity and will mature on March 1, 2034, unless earlier redeemed. The proceeds will be used to repay outstanding indebtedness and for general corporate purposes.

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation	KITE REALTY GROUP TRUST AND KITE REALTY GROUP, L.P. AND SUBSIDIARIES Schedule III Consolidated Real Estate and Accumulated Depreciation December 31, 2023 (in thousands) Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties 12th Street Plaza $ — $ 2,624 $ 10,633 $ — $ 1,321 $ 2,624 $ 11,954 $ 14,578 $ 3,685 1978/2003 2012 54th & College — 2,672 — — — 2,672 — 2,672 — 2008 NA Arcadia Village — 8,487 11,707 — 105 8,487 11,812 20,299 1,823 1957 2021 Ashland & Roosevelt — 9,806 25,523 — 45 9,806 25,568 35,374 3,691 2002 2021 Avondale Plaza — 6,723 10,066 — 74 6,723 10,140 16,863 1,278 2005 2021 Bayonne Crossing — 47,809 38,362 — 2,304 47,809 40,666 88,475 11,880 2011 2014 Bayport Commons — 7,005 20,666 — 4,681 7,005 25,347 32,352 10,839 2008 NA Belle Isle Station — 9,130 41,082 — 7,843 9,130 48,925 58,055 20,180 2000 2015 Bridgewater Marketplace — 3,407 8,595 — 1,662 3,407 10,257 13,664 4,878 2008 NA Burlington* — — 2,773 — 29 — 2,802 2,802 2,802 1992/2000 2000 Castleton Crossing — 9,761 24,467 — 1,006 9,761 25,474 35,235 7,826 1975 2013 Cedar Park Town Center — 9,032 25,909 — 198 9,032 26,107 35,139 2,499 2013 2021 Centennial Center — 58,960 72,121 — 9,091 58,960 81,212 140,172 38,893 2002 2014 Centennial Gateway — 5,305 48,432 — 1,317 5,305 49,749 55,054 18,288 2005 2014 Central Texas Marketplace — 15,711 30,021 — 2,527 15,711 32,548 48,259 5,051 2004 2021 Centre at Laurel — 6,122 34,655 — 400 6,122 35,055 41,177 4,503 2005 2021 Centre Point Commons* — 2,918 22,285 — 494 2,918 22,779 25,697 8,507 2007 2014 Chantilly Crossing — 12,309 17,604 — 760 12,309 18,365 30,674 2,420 2004 2021 Chapel Hill Shopping Center* — — 34,828 — 2,603 — 37,431 37,431 14,803 2001 2015 Circle East — 1,188 27,077 — — 1,188 27,077 28,265 1,932 1998/2022 2021 City Center — 20,565 178,892 — 5,626 20,565 184,517 205,082 68,429 2018 2014 Clearlake Shores Shopping Center — 3,845 6,612 — 565 3,845 7,177 11,022 1,018 2003 2021 Coal Creek Marketplace — 9,397 11,650 — 162 9,397 11,811 21,208 1,836 1991 2021 Cobblestone Plaza — 10,374 44,270 — 3,637 10,374 47,907 58,281 17,911 2011 NA Colleyville Downs — 5,446 38,307 — 2,921 5,446 41,228 46,674 19,894 2014 2015 Colonial Square — 7,521 18,507 — 3,093 7,521 21,600 29,121 7,345 2010 2014 Colony Square — 20,300 18,784 — 711 20,300 19,495 39,795 3,552 1997 2021 Commons at Temecula — 18,966 44,255 — 319 18,966 44,575 63,541 7,233 1999 2021 Cool Creek Commons — 6,062 12,514 — 7,662 6,062 20,176 26,238 8,759 2005 NA Cool Springs Market — 12,444 22,621 40 7,312 12,484 29,933 42,417 14,961 1995 2013 Coppell Town Center — 5,052 11,252 — 555 5,052 11,807 16,859 1,794 1999 2021 Coram Plaza — 6,992 22,995 — 295 6,992 23,290 30,282 3,106 2004 2021 Crossing at Killingly Commons — 21,999 29,722 — 1,140 21,999 30,862 52,861 9,494 2010 2014 Cypress Mill Plaza — 6,320 10,064 — 339 6,320 10,403 16,723 1,466 2004 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Davis Towne Crossing $ — $ 995 $ 8,951 $ — $ 129 $ 995 $ 9,079 $ 10,074 $ 1,204 2003 2021 Delray Marketplace 17,000 18,750 85,093 1,284 9,543 20,034 94,636 114,670 32,525 2013 NA Denton Crossing — 8,257 38,963 — 4,345 8,257 43,308 51,565 5,967 2003 2021 DePauw University Bookstore & Café* — 64 663 — 45 64 708 772 559 2012 NA Downtown Crown — 25,759 77,035 — 3,081 25,759 80,116 105,875 7,173 2014 2021 Draper Crossing — 9,054 27,063 — 2,240 9,054 29,304 38,358 12,001 2012 2014 Draper Peaks — 11,498 46,845 522 6,569 12,020 53,415 65,435 17,304 2012 2014 East Stone Commons* — 3,766 21,634 — 149 3,766 21,784 25,550 3,045 2005 2021 Eastern Beltway — 23,221 45,569 — 8,728 23,221 54,297 77,518 17,900 1998/2006 2014 Eastgate Crossing — 4,244 58,669 — 5,613 4,244 64,282 68,526 7,007 1958/2007 2020 Eastgate Pavilion — 8,026 18,269 — 2,245 8,026 20,514 28,540 10,088 1995 2004 Eastwood Towne Center — 3,242 55,945 — 4,322 3,242 60,268 63,510 8,602 2002 2021 Eddy Street Commons* — 1,956 48,285 — 4,946 1,956 53,230 55,186 17,347 2009/2022 NA Edwards Multiplex — 22,583 28,710 — 23 22,583 28,734 51,317 4,794 1997 2021 Estero Town Commons — 8,458 9,927 — 992 8,458 10,919 19,377 5,141 2006 NA Fairgrounds Plaza — 12,690 15,249 — 94 12,690 15,343 28,033 2,077 2002 2021 Fishers Station — 4,008 13,028 — 302 4,008 13,330 17,338 4,756 2018 NA Fordham Place — 41,993 102,435 — 637 41,993 103,072 145,065 11,163 1920/2009 2021 Fort Evans Plaza II — 14,110 39,197 — 3,506 14,110 42,703 56,813 4,817 2008 2021 Fullerton Metrocenter — 55,794 42,865 — 3,628 55,794 46,493 102,287 7,171 1988 2021 Galvez Shopping Center — 494 4,962 — 250 494 5,212 5,706 688 2004 2021 Gardiner Manor Mall — 29,521 20,049 — 628 29,521 20,677 50,198 3,562 2000 2021 Gateway Pavillions — 44,167 10,282 — 1,089 44,167 11,371 55,538 2,735 2003 2021 Gateway Plaza — 15,608 22,055 — 1,464 15,608 23,520 39,128 4,308 2000 2021 Gateway Station — 10,679 10,533 — 413 10,679 10,947 21,626 1,489 2003 2021 Gateway Village — 32,045 33,365 — 416 32,045 33,781 65,826 5,396 1996 2021 Geist Pavilion — 1,368 7,219 — 2,825 1,368 10,044 11,412 5,098 2006 NA Gerry Centennial Plaza — 3,448 9,721 — 211 3,448 9,932 13,380 1,368 2006 2021 Glendale Town Center — 1,494 41,779 (187) 20,108 1,307 61,887 63,194 35,467 1958/2021 1999 Grapevine Crossing — 7,021 11,928 — 738 7,021 12,666 19,687 1,956 2001 2021 Green's Corner — 4,716 13,739 — 145 4,716 13,884 18,600 2,152 1997 2021 Greyhound Commons — 2,629 794 — 2,619 2,629 3,413 6,042 1,189 2005 NA Gurnee Town Center — 7,348 20,575 — 346 7,348 20,922 28,270 3,247 2000 2021 Henry Town Center — 9,446 49,690 — 950 9,446 50,639 60,085 7,979 2002 2021 Heritage Square — 11,373 16,167 — 489 11,373 16,656 28,029 2,582 1985 2021 Heritage Towne Crossing — 5,720 14,753 — 333 5,720 15,086 20,806 2,176 2002 2021 Holly Springs Towne Center — 22,324 93,387 — 7,962 22,324 101,350 123,674 29,599 2013 NA Home Depot Center* — — 20,122 — 444 — 20,566 20,566 3,021 1996 2021 Huebner Oaks — 19,423 35,847 — 666 19,423 36,513 55,936 4,875 1996 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Humblewood Shopping Center $ — $ 3,921 $ 10,873 $ — $ 460 $ 3,921 $ 11,332 $ 15,253 $ 1,592 1979/2005 2021 Hunter's Creek Promenade — 8,017 12,610 179 1,935 8,196 14,545 22,741 5,402 1994 2013 Indian River Square — 4,000 5,971 1,100 5,859 5,100 11,830 16,930 4,216 1997/2004 2005 International Speedway Square — 7,157 12,021 — 8,816 7,157 20,837 27,994 12,933 1999 NA Jefferson Commons — 23,356 19,977 — 2,094 23,356 22,071 45,427 3,611 2005 2021 John's Creek Village — 7,668 39,592 — 1,099 7,668 40,691 48,359 5,511 2004 2021 King's Lake Square — 4,519 12,322 — 1,893 4,519 14,216 18,735 7,392 1986/2014 2003 La Plaza Del Norte — 18,113 32,729 — 420 18,113 33,149 51,262 5,256 1996 2021 Lake City Commons — 4,693 11,372 — 220 4,693 11,593 16,286 3,843 2008 2014 Lake Mary Plaza — 1,413 8,537 — 291 1,413 8,828 10,241 2,782 2009 2014 Lake Worth Towne Crossing — 6,228 28,752 — 180 6,228 28,932 35,160 3,826 2005 2021 Lakewood Towne Center — 32,864 30,955 — 1,616 32,864 32,572 65,436 5,218 2002 2021 Lincoln Park — 14,757 40,069 — 1,210 14,757 41,279 56,036 6,292 1997 2021 Lincoln Plaza — 6,239 38,288 — 5,669 6,239 43,957 50,196 6,657 2001 2021 Lithia Crossing — 3,065 9,830 — 3,622 3,065 13,452 16,517 6,585 1994/2003 2011 Lowe's Center — 19,894 — — 41 19,894 41 19,935 — 2005 2021 MacArthur Crossing — 11,190 31,262 — 1,848 11,190 33,110 44,300 3,629 1995 2021 Main Street Promenade — 2,630 60,806 — 921 2,630 61,727 64,357 5,629 2003 2021 Manchester Meadows — 10,788 30,402 — 135 10,788 30,537 41,325 5,906 1994 2021 Mansfield Towne Crossing — 2,966 14,286 — 713 2,966 14,998 17,964 2,066 2003 2021 Market Street Village — 9,764 16,360 — 4,515 9,764 20,875 30,639 10,799 1970/2004 2005 Merrifield Town Center — 5,186 41,073 — 1,529 5,186 42,602 47,788 4,396 2008 2021 Merrifield Town Center II — 19,614 23,042 — 159 19,614 23,201 42,815 2,552 1972/2007 2021 Miramar Square — 26,492 30,696 389 10,134 26,880 40,830 67,710 12,265 2008 2014 Mullins Crossing* — 10,582 38,715 — 6,965 10,582 45,681 56,263 16,344 2005 2014 Naperville Marketplace — 5,364 11,377 — 270 5,364 11,647 17,011 5,277 2008 NA New Forest Crossing — 7,175 11,976 — 315 7,175 12,291 19,466 1,826 2003 2021 New Hyde Park Shopping Center — 10,792 9,766 — 606 10,792 10,373 21,165 1,197 1964/2011 2021 Newnan Crossing — 6,616 41,017 — 1,118 6,616 42,135 48,751 7,045 1999 2021 Newton Crossroads — 1,004 10,758 — 116 1,004 10,874 11,878 1,663 1997 2021 Nora Plaza 3,333 3,790 19,938 5,002 20,680 8,792 40,618 49,410 5,997 2004 2019 North Benson Center — 16,632 9,847 — 397 16,632 10,244 26,876 1,753 1988 2021 Northcrest Shopping Center — 4,044 33,920 — 1,215 4,044 35,136 39,180 12,212 2008 2014 Northdale Promenade — 1,718 27,481 — (203) 1,718 27,278 28,996 17,284 2017 NA Northgate North 22,361 20,063 48,698 — 2,609 20,063 51,307 71,370 8,062 1999 2021 Northpointe Plaza — 15,964 35,447 — 889 15,964 36,336 52,300 5,412 1991 2021 Oak Brook Promenade — 6,753 48,640 — 3,744 6,753 52,383 59,136 6,493 2006 2021 Oleander Place* — 847 5,546 — 239 847 5,785 6,632 3,069 2012 2011 One Loudoun Downtown 95,095 74,400 235,487 — 4,415 74,400 239,902 314,302 23,341 2013/2022 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Oswego Commons $ — $ 5,746 $ 8,220 $ — $ 1,824 $ 5,746 $ 10,044 $ 15,790 1,519 2002 2021 Palms Plaza — 12,049 24,389 — 676 12,049 25,065 37,114 2,673 1988/2004 2022 Paradise Valley Marketplace — 6,889 35,794 — 178 6,889 35,971 42,860 5,101 2002 2021 Parkside Town Commons — 21,796 107,887 (60) 11,043 21,736 118,930 140,666 39,826 2015 N/A Parkway Towne Crossing — 15,099 28,436 — 461 15,099 28,897 43,996 3,300 2010 2021 Pavilion at King's Grant — 5,086 39,781 — 1,918 5,086 41,700 46,786 6,674 2002 2021 Pebble Marketplace — 7,504 34,448 — 572 7,504 35,020 42,524 2,361 1997 2022 Pelham Manor Shopping Plaza* — — 42,224 — 238 — 42,462 42,462 4,726 2008 2021 Peoria Crossing — 18,879 16,215 — 1,214 18,879 17,429 36,308 3,039 2002 2021 Perimeter Woods — 6,893 27,245 — 1,948 6,893 29,193 36,086 10,143 2008 2014 Pine Ridge Crossing — 5,640 16,326 — 5,643 5,640 21,969 27,609 10,329 1994 2006 Plaza at Cedar Hill — 5,782 33,810 — 17,621 5,782 51,431 57,213 25,381 2000 2004 Plaza at Marysville — 6,710 18,444 — 205 6,710 18,649 25,359 2,966 1995 2021 Pleasant Hill Commons — 3,350 10,064 — (376) 3,350 9,687 13,037 3,236 2008 2014 Pleasant Run Towne Crossing — 4,465 24,889 — 1,402 4,465 26,291 30,756 3,817 2004 2021 Portofino Shopping Center — 4,721 75,005 — 20,490 4,721 95,494 100,215 40,569 1999 2013 Prestonwood Place — 14,282 61,305 — — 14,282 61,305 75,587 772 1979/2020 2023 Publix at Woodruff — 1,783 6,346 — 1,009 1,783 7,355 9,138 5,038 1997 2012 Rampart Commons 6,529 1,136 42,174 — 1,066 1,136 43,239 44,375 17,875 2018 2014 Rangeline Crossing — 1,981 17,459 — 3,688 1,981 21,147 23,128 8,106 1986/2013 NA Riverchase Plaza — 3,889 11,226 — 1,252 3,889 12,478 16,367 6,391 1991/2001 2006 Rivers Edge — 5,647 28,778 — 1,993 5,647 30,771 36,418 11,361 2011 2008 Rivery Towne Crossing — 5,230 2,291 — 1,020 5,230 3,311 8,541 566 2005 2021 Royal Oaks Village II — 3,462 9,092 — 762 3,462 9,854 13,316 1,425 2004 2021 Sawyer Heights Village — 18,720 19,565 — 62 18,720 19,627 38,347 2,381 2007 2021 Saxon Crossing — 3,764 15,430 — 912 3,764 16,342 20,106 5,551 2009 2014 Shoppes at Hagerstown — 6,796 15,899 — 641 6,796 16,540 23,336 1,871 2008 2021 Shoppes at Plaza Green — 3,749 20,889 — 2,586 3,749 23,475 27,224 9,828 2000 2012 Shoppes at Quarterfield — 4,105 8,708 — 645 4,105 9,352 13,457 688 1999/2022 2021 Shoppes of Eastwood — 1,688 8,911 — 1,050 1,688 9,961 11,649 5,162 1997 2013 Shoppes of New Hope — 2,107 10,750 — 34 2,107 10,784 12,891 1,485 2004 2021 Shoppes of Prominence Point — 2,945 11,408 — 164 2,945 11,572 14,517 1,772 2004 2021 Shops at Eagle Creek — 2,121 8,093 — 4,456 2,121 12,549 14,670 6,430 1998 2003 Shops at Forest Commons — 1,616 9,345 — 553 1,616 9,898 11,514 1,411 2002 2021 Shops at Julington Creek — 2,372 7,300 — 346 2,372 7,646 10,018 2,296 2011 2014 Shops at Moore — 6,284 23,659 — 3,085 6,284 26,744 33,028 8,271 2010 2014 Shops at Park Place — 8,042 18,358 — 50 8,042 18,408 26,450 2,862 2001 2021 Silver Springs Pointe — 7,580 4,947 — 554 7,580 5,501 13,081 2,359 2001 2014 Southlake Corners — 7,998 16,576 — 296 7,998 16,873 24,871 2,788 2004 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Southlake Town Square $ — $ 19,534 $ 322,105 $ — $ 15,694 $ 19,534 $ 337,798 $ 357,332 $ 50,640 1998 2021 Stilesboro Oaks — 3,712 11,353 — 63 3,712 11,416 15,128 1,799 1997 2021 Stonebridge Plaza — 1,923 7,923 — 18 1,923 7,941 9,864 1,199 1997 2021 Stoney Creek Commons — 628 3,700 — 5,913 628 9,613 10,241 5,579 2000 NA Sunland Towne Centre — 14,774 22,247 — 4,734 14,774 26,981 41,755 13,769 1996 2004 Tacoma South — 30,058 3,334 — 1,245 30,058 4,579 34,637 581 1984 2021 Target South Center — 2,581 9,553 — 108 2,581 9,661 12,242 1,467 1999 2021 Tarpon Bay Plaza — 3,855 23,796 — 3,161 3,855 26,957 30,812 10,968 2007 NA The Brickyard — 29,389 19,595 — 4,550 29,389 24,145 53,534 3,602 1977/2004 2021 The Corner — 3,772 23,437 — 271 3,772 23,708 27,480 6,723 2008 2014 The Landing at Tradition — 17,605 45,912 — 21,690 17,605 67,602 85,207 17,125 2007 2014 The Shoppes at Union Hill 8,988 9,876 46,328 — 1,192 9,876 47,519 57,395 6,373 2003 2021 The Shops at Legacy — 14,864 119,439 — 9,700 14,864 129,139 144,003 17,638 2002 2021 Tollgate Marketplace — 11,963 65,450 — 13,715 11,963 79,165 91,128 10,759 1979/1994 2021 Toringdon Market — 5,448 9,325 — 601 5,448 9,926 15,374 3,890 2004 2013 Towson Square — 1,412 27,173 — 38 1,412 27,211 28,623 2,939 2014 2021 Traders Point — 11,135 42,153 — 2,997 11,135 45,150 56,285 26,481 2005 NA Tradition Village Center — 3,140 14,741 — 1,314 3,140 16,055 19,195 5,919 2006 2014 Tysons Corner — 13,334 10,483 — 141 13,334 10,623 23,957 1,079 1980/2013 2021 Village Shoppes at Simonton — 1,627 11,928 — 92 1,627 12,020 13,647 1,734 2004 2021 Walter's Crossing — 13,056 20,699 — 4,258 13,056 24,957 38,013 2,962 2005 2021 Watauga Pavilion — 5,511 24,145 — 247 5,511 24,392 29,903 3,422 2003 2021 Waterford Lakes Village — 2,317 1,873 — 11,158 2,317 13,031 15,348 1,554 1997 2004 Waxahachie Crossing — 1,411 15,698 — (257) 1,411 15,441 16,852 4,703 2010 2014 Westbury Center — 4,540 12,866 — 131 4,540 12,998 17,538 1,850 2000 2021 Winchester Commons — 2,119 9,560 — 37 2,119 9,597 11,716 1,632 1999 2021 Woodinville Plaza — 24,722 30,048 — 1,146 24,722 31,194 55,916 4,825 1981 2021 Total Operating Properties 153,306 1,824,044 5,225,599 8,267 468,021 1,832,311 5,693,620 7,525,931 1,361,001 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Office and Other Properties Thirty South Meridian $ — $ 1,643 $ 8,131 $ — $ 26,303 $ 1,643 $ 34,435 $ 36,078 $ 17,911 1905/2002 2001 Union Station Parking Garage — 904 2,310 — 2,281 904 4,591 5,495 2,227 1986 2001 Total Office Properties — 2,547 10,441 — 28,585 2,547 39,026 41,573 20,138 Development and Redevelopment Projects Carillon — 28,239 39,737 — — 28,239 39,737 67,976 631 2004 2021 Hamilton Crossing Centre — 3,514 2,017 (19) 490 3,495 2,507 6,002 — N/A N/A One Loudoun – Uptown — 92,452 — (88) 111 92,363 111 92,474 — N/A 2021 The Corner – IN — — — — 250 — 250 250 — N/A N/A Total Development and Redevelopment Projects — 124,205 41,754 (107) 851 124,098 42,605 166,703 631 Other ** Bridgewater Marketplace — 855 — — — 855 — 855 — N/A N/A KRG Development — — — — — — — — — N/A N/A KRG New Hill — 1,092 — 74 — 1,166 — 1,166 — N/A N/A KRG Peakway — 3,833 — — — 3,833 — 3,833 — N/A N/A Total Other — 5,780 — 74 — 5,854 — 5,854 — Line of credit/Term loans/Unsecured notes 2,649,635 — — — — — — — — N/A N/A Grand Total $ 2,802,941 $ 1,956,576 $ 5,277,794 $ 8,233 $ 497,457 $ 1,964,809 $ 5,775,251 $ 7,740,061 $ 1,381,770 * This property or a portion of the property is subject to a ground lease for the land. ** This category generally includes land held for development. We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table. The changes in investment properties for the years ended December 31, 2023, 2022 and 2021 are as follows: Year Ended December 31, 2023 2022 2021 Balance as of January 1, $ 7,732,573 $ 7,584,735 $ 3,136,982 Acquisitions related to the RPAI merger — (16,672) 4,440,768 Acquisitions 75,587 99,064 15,263 Improvements 140,654 152,165 54,323 Disposals (208,753) (86,719) (62,601) Balance as of December 31, $ 7,740,061 $ 7,732,573 $ 7,584,735 The unaudited aggregate cost of investment properties for U.S. federal income tax purposes as of December 31, 2023 was approximately $8.0 billion. The changes in accumulated depreciation for the years ended December 31, 2023, 2022 and 2021 are as follows: Year Ended December 31, 2023 2022 2021 Balance as of January 1, $ 1,161,148 $ 879,306 $ 750,119 Depreciation expense 317,593 318,809 154,519 Disposals (96,971) (36,967) (25,332) Balance as of December 31, $ 1,381,770 $ 1,161,148 $ 879,306 Depreciation of investment properties reflected in the accompanying consolidated statements of operations and comprehensive income is calculated over the estimated original lives of the assets as follows: Buildings 20 – 35 years Building improvements 10 – 35 years Tenant improvements Term of related lease Furniture and fixtures 5 – 10 years All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the accompanying consolidated financial statements or notes thereto.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income (loss) attributable to common shareholders	$ 47,498	$ (12,636)	$ (80,806)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Investment Properties	Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Ordinary repairs and maintenance that do not extend the useful lives of the respective assets are expensed as incurred and included within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included within “Investment properties, at cost” in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation expense is computed using the straight-line method. Buildings and improvements are depreciated over estimated original useful lives ranging from 10 to 35 years. Tenant improvements and allowances are depreciated over the term of the related lease. Equipment and fixtures are depreciated over five
Valuation of Investment Properties	Valuation of Investment Properties Management reviews our operating and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in the project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated holding period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate.
Assets Held for Sale	Assets Held for Sale The Company classifies an operating property as held for sale only when the property is available for immediate sale in its present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. An operating property classified as held for sale is carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held-for-sale accounting treatment as of December 31, 2023 and 2022.
Acquisition of Investment Properties	Acquisition of Investment Properties Real estate assets are recognized on our consolidated balance sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets (consisting of land, buildings and improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition based on an evaluation of information and estimates available at the acquisition date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of, or addition to, rental income over the term of the leases. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income as applicable; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value use methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions and foregone costs related to the reimbursement of property operating expenses, and fair market rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to depreciation and amortization expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, we have not developed a tenant relationship that we consider to have a current intangible value.
Consolidation and Investments in Joint Ventures	Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development and management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2023, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2023, these consolidated VIEs had mortgage debt totaling $112.1 million, which was secured by assets of the VIEs totaling $216.5 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits. The Company periodically assesses the credit risk associated with these financial institutions and believes the risk of loss is minimal.
Restricted Cash and Escrow Deposits	Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements.
Fair Value Measurements	Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the accompanying consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Note 8 to the accompanying consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and Level 3 inputs. N ote 3 to the accompanying consolidated financial statements includes a discussion of the fair values recorded for asset acquisitions. Level 3 inputs to these transactions include our estimations of net rental rates of retail anchor and small shop space, capitalization rates, and disposal values. Note 4 to the accompanying consolidated financial statements includes a discussion of the fair value recorded when we recognized an impairment charge during the year ended December 31, 2023. Level 2 inputs to this transaction include the expected sales price from an executed sales contract. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains and losses resulting from changes in the fair value of the derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair value of derivatives that qualify as cash flow hedges are recorded in “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and amortized over the underlying term of the hedged transaction while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2023 and 2022, all of our derivative financial instruments qualify for hedge accounting.
Revenue Recognition	Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that provide for additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements and is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2023, 2022 and 2021. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. If we determine that collectibility is not probable, we recognize income only to the extent that cash has been received from the tenant. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies, which may affect the collection of outstanding receivables. These receivables are reduced for credit loss, which is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such factors as the credit quality of the tenant, historical write-off experience, tenant creditworthiness and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.
Tenant and Other Receivables and Allowance for Uncollectible Accounts	Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue-related activities.
Concentration of Credit Risk	Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue.
Earnings Per Share	Earnings Per Share Basic earnings per share/unit is calculated based on the weighted average number of common shares/units outstanding during the period. Diluted earnings per share/unit is determined based on the weighted average number of common shares/units outstanding during the period combined with the incremental average common shares/units that would have been outstanding assuming the conversion of all potentially dilutive common shares/units into common shares/units as of the earliest date possible.
Segment Reporting	Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker (“CODM”), which is its Chief Executive Officer, reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The CODM measures and evaluates the financial performance of our portfolio of properties using net operating income, which consists of rental income less property operating expenses and real estate taxes, and does not distinguish or group our operations on a geographical or any other basis for purposes of measuring performance. Accordingly, we have aggregated our properties into one reportable segment for disclosure purposes in accordance with GAAP, as each property has similar economic characteristics, the Company provides similar services to its tenants and the Company’s CODM evaluates the collective performance of our properties.
Income Taxes and REIT Compliance	Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the October 2021 merger with RPAI, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership, and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs.
Noncontrolling Interests	Noncontrolling Interests Prior to the October 2021 merger, RPAI entered into a joint venture related to the development, ownership and operation of the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H. The Company owns 90% of the joint venture. During the year ended December 31, 2023, the Company originated a 10-year $95.1 million mortgage payable at a fixed interest rate of 5.36% secured by the joint venture project. In conjunction with the loan origination, the joint venture’s construction loan was repaid. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project (as defined in the joint venture agreement), the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. As of December 31, 2023, the conditions for exercising the put and call options have been met but neither the Company nor the joint venture partner has exercised their respective options. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partners’ interests as noncontrolling interests. Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of December 31, 2023 and 2022, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balances were accordingly adjusted to redemption value. As of December 31, 2023, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.4% and 1.6%. As of December 31, 2022, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.7% and 1.3%. Concurrent with the Parent Company’s IPO and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company’s election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 3,512,868 and 2,870,697 Limited Partner Units outstanding as of December 31, 2023 and 2022, respectively. The increase in Limited Partner Units outstanding from December 31, 2022 is due to non-cash compensation awards made to our executive officers in the form of Limited Partner Units and the exercise of previously granted “appreciation only” long-term incentive plan nits (“AO LTIP Units”) in exchange for Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. As of December 31, 2021, the Class B units related to one of these joint ventures that owned Crossing at Killingly Commons, our multi-tenant retail property in Dayville, Connecticut, were outstanding and accounted for as noncontrolling interests in the remaining venture. In October 2022, the remaining Class B units became redeemable at the partner’s election and the fulfillment of certain redemption criteria for cash or Limited Partner Units in the Operating Partnership. In October 2022, we received notice from our joint venture partner of its exercise of their right to redeem the remaining Class B units for cash in the amount of $9.7 million, which redemption was funded using cash on October 3, 2022. Prior to the redemption, the Class B units did not have a maturity date and were not mandatorily redeemable unless either party had elected for the units to be redeemed. Prior to the redemption, we consolidated this joint venture because we controlled the decision-making and our joint venture partner had limited protective rights. Prior to the redemption, we classified the redeemable noncontrolling interests related to the remaining Class B units in the accompanying consolidated balance sheets outside of permanent equity because, under certain circumstances, we could have been required to pay cash to the Class B unitholders in this subsidiary upon redemption of their interests. The carrying amount of these redeemable noncontrolling interests is required to be reflected at the greater of initial book value or redemption value with a corresponding adjustment to additional paid-in capital. As of December 31, 2021, the redemption amounts of these interests did not exceed their fair value nor did they exceed the initial book value.
Effects of Accounting Pronouncements	Effects of Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures . This new guidance is effective January 1, 2024, with early adoption permitted, and provides new disclosure requirements on significant segment expenses. Public entities will now be required to disclose, on an annual and interim basis, (i) significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss (collectively referred to as the “significant expense principle”) and (ii) an amount for ‘other segment items’ (which is defined as the difference between segment revenue less the significant segment expenses disclosed less reported segment profit or loss) by reportable segment and a description of its composition. In addition, all existing annual disclosures about segment profit or loss must be provided on an interim basis. Public entities may disclose more than one measure of segment profit or loss used by the CODM, provided that at least one of the reported measures includes the segment profit or loss measure that is most consistent with GAAP. Lastly, disclosure of the CODM’s title and position is required on an annual basis, as well as an explanation of how the CODM uses the reported measure(s) and other disclosures. Public entities with a single reportable segment such as the Company must apply all of the new disclosure requirements as well as all existing segment disclosure and reconciliation requirements in Topic 280 on an annual and interim basis. The Company expects to adopt the new disclosures retrospectively as of January 1, 2024.

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Investment Properties	As of December 31, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,108,490 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner – IN 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. The following table summarizes the composition of the Company’s investment properties as of December 31, 2023 and 2022 (in thousands) : Balance as of December 31, 2023 2022 Land, buildings and improvements $ 7,684,066 $ 7,656,765 Construction in progress 55,995 75,808 Investment properties, at cost $ 7,740,061 $ 7,732,573

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Investment Properties	As of December 31, 2023, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 180 28,108,490 Office properties 1 287,291 Development and redevelopment projects: Carillon medical office building 1 126,000 The Corner – IN 1 24,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Of the 180 operating retail properties, 177 are consolidated in these financial statements and the remaining three are accounted for under the equity method. The following table summarizes the composition of the Company’s investment properties as of December 31, 2023 and 2022 (in thousands) : Balance as of December 31, 2023 2022 Land, buildings and improvements $ 7,684,066 $ 7,656,765 Construction in progress 55,995 75,808 Investment properties, at cost $ 7,740,061 $ 7,732,573
Schedule of Cash, Cash Equivalents and Restricted Cash	The following is a summary of our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Cash and cash equivalents $ 36,413 $ 115,799 $ 93,241 Restricted cash and escrow deposits 5,017 6,171 7,122 Cash, cash equivalents and restricted cash $ 41,430 $ 121,970 $ 100,363
Schedule of Revenue Concentration	For the year ended December 31, 2023, the percentage of the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, Virginia, New York, and Indiana, was as follows: Texas 26.2 % Florida 10.6 % Virginia 7.4 % New York 6.9 % Indiana 6.3 %
Schedule of Tax Characterization of Dividends Paid	The following table summarizes the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2023, 2022 and 2021: 2023 2022 2021 Ordinary income 90.6 % 86.1 % 0.0 % Return of capital 0.0 % 0.0 % 13.4 % Capital gains 9.4 % 13.9 % 86.6 % 100.0 % 100.0 % 100.0 %
Schedule of Noncontrolling Interests	The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2023, 2022 and 2021 (in thousands) : 2023 2022 2021 Noncontrolling interests balance as of January 1, $ 5,370 $ 5,146 $ 698 Noncontrolling interests acquired in the RPAI merger — — 4,463 Net income (loss) allocable to noncontrolling interests, excluding redeemable noncontrolling interests 256 224 (15) Distributions to noncontrolling interests (3,196) — — Noncontrolling interests balance as of December 31, $ 2,430 $ 5,370 $ 5,146
Schedule of Ownership Interests of the Parent Company and Limited Partners	For the years ended December 31, 2023, 2022 and 2021, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2023 2022 2021 Parent Company’s weighted average interest in the Operating Partnership 98.6 % 98.7 % 97.8 % Limited partners’ weighted average interests in the Operating Partnership 1.4 % 1.3 % 2.2 %
Schedule of Redeemable Noncontrolling Interests	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands) : 2023 2022 2021 Redeemable noncontrolling interests balance as of January 1, $ 53,967 $ 55,173 $ 43,275 Net income (loss) allocable to redeemable noncontrolling interests 629 258 (901) Distributions declared to redeemable noncontrolling interests (3,159) (2,622) (2,208) Payment for redemption of redeemable noncontrolling interests — (10,070) — Other, net including adjustments to redemption value 21,850 11,228 15,007 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 73,287 $ 53,967 $ 55,173 Limited partners’ interests in the Operating Partnership $ 73,287 $ 53,967 $ 45,103 Other redeemable noncontrolling interests in certain subsidiaries — — 10,070 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 73,287 $ 53,967 $ 55,173

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Asset Acquisitions	The Company closed on the following asset acquisitions during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition September 22, 2023 Prestonwood Place Dallas/Ft. Worth Multi-tenant retail 155,975 $ 81,000 February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas/Ft. Worth Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 December 22, 2021 Nora Plaza Shops Indianapolis, IN Multi-tenant 23,722 $ 13,500
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Investment properties, net $ 75,506 $ 99,096 $ 13,488 Lease-related intangible assets, net (1) 6,971 5,223 304 Other assets — 11 — Total acquired assets 82,477 104,330 13,792 Mortgage payable — — 3,578 Accounts payable and accrued expenses 2,823 1,140 100 Deferred revenue and other liabilities 1,556 2,855 189 Total assumed liabilities 4,379 3,995 3,867 Fair value of net assets acquired $ 78,098 $ 100,335 $ 9,925 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.2 years, 6.7 years, and 5.3 years for asset acquisitions completed during the years ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Level 3 Assumptions Used in Determining Value of Acquired Assets	The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2023 2022 2021 Net rental rate per square foot – Retail Anchors N/A $20.50 to $40.00 N/A Net rental rate per square foot – Small Shops $30.00 to $65.00 $24.00 to $65.00 $31.50 to $45.00 Discount rate 8.5% 5.75% to 7.25% 9.0%
Business Combination, Pro Forma Information	The following unaudited pro forma financial information is based upon the Company’s historical consolidated statements of operations for the year ended December 31, 2021, adjusted to give effect for the properties assumed through the merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods (in thousands, except per share data) . Year Ended December 31, 2021 Rental income $ 740,954 Net income $ 21,283 Net income attributable to common shareholders $ 20,535 Net income attributable to common shareholders per common share: Basic (1) $ 0.09 Diluted (1) $ 0.09 (1) The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred.
Supplemental Schedule of Non-Cash Investing and Financing Activities	The following table summarizes the merger-related non-cash investing and financing activities for the year ended December 31, 2021 (in thousands) : Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness, net $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net (1) $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) (1) Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%.

DISPOSITIONS AND IMPAIRMENT C_2

DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Property Dispositions	The Company closed on the following dispositions during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,638 September 11, 2023 Reisterstown Road Plaza Dallas/Ft. Worth Multi-tenant retail & office 376,683 48,250 (5,773) October 24, 2023 Eastside Dallas/Ft. Worth Multi-tenant retail & office 43,640 14,425 — 578,495 $ 142,050 $ 22,601 January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (3) — 10,000 (57) 100,016 $ 75,550 $ 27,069 October 26, 2021 Westside Market Dallas/Ft. Worth Multi-tenant retail 93,377 $ 24,775 $ 4,323 (1) The Company sold a portion of the redevelopment at Hamilton Crossing Centre. The total number of properties in our portfolio was not affected by this transaction. (2) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. (3) The Company sold the ground lease interest in one tenant at Lincoln Plaza, an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Share Activity	The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2023: Number of Weighted Average Restricted shares outstanding as of January 1, 2023 300,833 $ 19.98 Shares granted 229,551 21.45 Shares forfeited (9,238) 21.64 Shares vested (184,069) 19.38 Restricted shares outstanding as of December 31, 2023 337,077 $ 21.28 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2023 229,551 $ 21.45 $ 3,936 2022 206,855 $ 21.15 $ 4,459 2021 194,411 $ 19.85 $ 3,763 The following table summarizes the activity for the restricted unit awards for the year ended December 31, 2023: Number of Weighted Average Restricted units outstanding as of January 1, 2023 407,138 $ 14.41 Restricted units granted 163,515 17.45 Restricted units vested (167,783) 14.48 Restricted units outstanding as of December 31, 2023 402,870 $ 15.61 The following table summarizes the restricted unit grants and vestings during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2023 163,515 $ 17.45 $ 3,740 2022 138,505 $ 17.07 $ 3,173 2021 72,689 $ 14.26 $ 2,956
Schedule of AO LTIP Units	During the year ended December 31, 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Equity Plan. Number of Participation Threshold John A. Kite 477,612 $ 16.69 Thomas K. McGowan 149,254 $ 16.69 Heath R. Fear 119,403 $ 16.69

DEFERRED COSTS AND INTANGIBLE_2

DEFERRED COSTS AND INTANGIBLES, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Deferred Costs	As of December 31, 2023 and 2022, deferred costs consisted of the following (in thousands) : December 31, 2023 2022 Acquired lease intangible assets $ 433,771 $ 522,152 Deferred leasing costs and other 74,662 66,842 508,433 588,994 Less: accumulated amortization (204,262) (179,166) Deferred costs, net $ 304,171 $ 409,828
Schedule of Amortization from Acquired Lease Intangible Assets	The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2024 $ 8,935 $ 66,000 $ 74,935 2025 6,822 42,293 49,115 2026 4,865 28,974 33,839 2027 3,505 19,460 22,965 2028 2,432 15,376 17,808 Thereafter 2,644 39,806 42,450 Total $ 29,203 $ 211,909 $ 241,112 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : 2024 $ 19,346 2025 13,186 2026 12,149 2027 10,274 2028 9,665 Thereafter 94,829 Total $ 159,449
Schedule of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of deferred leasing costs, lease intangibles and other $ 107,542 $ 150,245 $ 45,423 Amortization of above-market lease intangibles $ 12,007 $ 13,562 $ 3,483 (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of debt issuance costs $ 3,609 $ 3,163 $ 2,681

DEFERRED REVENUE, INTANGIBLES_2

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue and Other Liabilities	As of December 31, 2023 and 2022, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2023 2022 Unamortized in-place lease liabilities $ 159,449 $ 188,815 Retainages payable and other 9,229 12,110 Tenant rents received in advance 35,339 29,947 Lease liabilities 68,925 67,167 Deferred revenue and other liabilities $ 272,942 $ 298,039
Schedule of Amortization of In-Place Lease Liabilities	The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2024 $ 8,935 $ 66,000 $ 74,935 2025 6,822 42,293 49,115 2026 4,865 28,974 33,839 2027 3,505 19,460 22,965 2028 2,432 15,376 17,808 Thereafter 2,644 39,806 42,450 Total $ 29,203 $ 211,909 $ 241,112 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2023 for each of the next five years and thereafter are as follows (in thousands) : 2024 $ 19,346 2025 13,186 2026 12,149 2027 10,274 2028 9,665 Thereafter 94,829 Total $ 159,449

MORTGAGE AND OTHER INDEBTEDNE_2

MORTGAGE AND OTHER INDEBTEDNESS (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Indebtedness	The following table summarizes the Company’s indebtedness as of December 31, 2023 and 2022 (in thousands) : December 31, 2023 2022 Mortgages payable $ 153,306 $ 233,621 Senior unsecured notes 1,829,635 1,924,635 Unsecured term loans 820,000 820,000 Unsecured revolving line of credit — — 2,802,941 2,978,256 Unamortized discounts and premiums, net 35,765 44,362 Unamortized debt issuance costs, net (9,504) (12,319) Mortgage and other indebtedness, net $ 2,829,202 $ 3,010,299 The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : December 31, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ — — % $ 95,000 4.23 % Senior notes – 4.58% due 2024 June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR + 3.65% due 2025 (1) September 10, 2025 80,000 9.27 % 80,000 8.41 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR + 3.75% due 2027 (2) September 10, 2027 75,000 9.37 % 75,000 8.51 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,829,635 $ 1,924,635 (1) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of December 31, 2023, $80,000 of 4.47% senior unsecured notes due 2025 has been swapped to a variable rate of three-month Secured Overnight Financing Rate (“SOFR”) plus 3.65% through September 10, 2025. As of December 31, 2022, $80,000 of 4.47% senior unsecured notes due 2025 had been swapped to a variable rate of three-month London Interbank Offered Rate (“LIBOR”) plus 3.65%. (2) On July 1, 2023, the fallback rate in the derivative agreement went into effect. As of December 31, 2023, $75,000 of 4.57% senior unsecured notes due 2027 has been swapped to a variable rate of three-month SOFR plus 3.75% through September 10, 2025. As of December 31, 2022, $75,000 of 4.57% senior unsecured notes due 2027 had been swapped to a variable rate of three-month LIBOR plus 3.75%. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2023 December 31, 2022 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ 120,000 2.68 % $ 120,000 2.68 % Unsecured term loan due 2025 – fixed rate (2) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (3) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 3.82 % 300,000 4.05 % Total unsecured term loans $ 820,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) January 8, 2026 $ — 6.58 % $ — 5.56 % (1) $120,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of December 31, 2023 and 2022. (2) $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (3) $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of December 31, 2023 and 2022. (4) As of December 31, 2023, $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.47% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through August 1, 2025. As of December 31, 2022, $300,000 of SOFR-based variable rate debt had been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of December 31, 2023 and 2022. (5) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity.
Schedule of Weighted Average Interest Rates and Maturities	Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2023, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 2,630,941 94 % 3.98 % 3.6 Variable rate debt (2) 172,000 6 % 9.15 % 2.7 Debt discounts, premiums and issuance costs, net 26,261 N/A N/A N/A Mortgage and other indebtedness, net $ 2,829,202 100 % 4.30 % 3.6 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2023, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 1.7 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2023, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 1.7 years.
Schedule of Mortgages Payable	The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2023 December 31, 2022 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 136,306 5.09 % 8.1 $ 205,328 3.98 % 1.4 Variable rate mortgage payable (2) 17,000 7.59 % 2.6 28,293 5.96 % 0.6 Total mortgages payable $ 153,306 $ 233,621 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2023 and 2022. (2) In July 2023, the interest rate on the variable rate mortgage increased to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 215 basis points from BSBY plus 160 basis points in conjunction with the July 2023 amendment of the loan agreement. The one-month BSBY rate was 5.44% and 4.36% as of December 31, 2023 and 2022, respectively.
Schedule of Revolving Credit Facility and Term Loans	The following table summarizes the key terms of the Revolving Facility as of December 31, 2023 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The following table summarizes the key terms of the unsecured term loans as of December 31, 2023 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 10/24/2025 (1) 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions.
Schedule of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of deferred leasing costs, lease intangibles and other $ 107,542 $ 150,245 $ 45,423 Amortization of above-market lease intangibles $ 12,007 $ 13,562 $ 3,483 (in thousands) : Year Ended December 31, 2023 2022 2021 Amortization of debt issuance costs $ 3,609 $ 3,163 $ 2,681
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled maturities and principal amortization of the Company’s indebtedness as of December 31, 2023 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2024 $ 5,121 $ — $ 269,635 $ 274,756 2025 5,248 — 680,000 685,248 2026 4,581 10,600 550,000 565,181 2027 3,120 — 250,000 253,120 2028 3,757 — 100,000 103,757 Thereafter 28,091 92,788 800,000 920,879 $ 49,918 $ 103,388 $ 2,649,635 $ 2,802,941 Debt discounts, premiums and issuance costs, net 26,261 Mortgage and other indebtedness, net $ 2,829,202

DERIVATIVE INSTRUMENTS, HEDGI_2

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Terms and Fair Values of Derivative Instruments	The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of December 31, 2023 and 2022 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date December 31, 2023 December 31, 2022 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 4,952 $ 7,134 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 2,415 3,616 Cash Flow Two — SOFR 2.72 % 8/3/2022 11/22/2023 — 3,663 Cash Flow Two 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 5,716 4,370 Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 2,236 5,461 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 7,744 10,896 $ 820,000 $ 23,063 $ 35,140 Fair Value (2) Two $ 155,000 SOFR SOFR + 3.70% 4/23/2021 9/10/2025 $ (9,408) $ (14,177) Forward-Starting Cash Flow (3) Three $ 150,000 SOFR 3.44 % 6/28/2024 6/28/2034 $ (700) $ — (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) On July 1, 2023, the fallback rate in the derivative agreements went into effect. The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR plus 3.70% as of December 31, 2023 and three-month LIBOR plus 3.70% as of December 31, 2022. (3) Subsequent to December 31, 2023, the forward-starting interest rate swaps were terminated in conjunction with the issuance of the Notes Due 2034.

LEASE INFORMATION (Tables)

LEASE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Rental Income Related to Operating Leases	Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands) : Year Ended December 31, 2023 2022 2021 Fixed contractual lease payments – operating leases $ 637,915 $ 615,773 $ 292,873 Variable lease payments – operating leases 151,853 151,304 69,422 Bad debt reserve (3,459) (6,027) (2,897) Straight-line rent adjustments 13,186 17,031 4,674 Straight-line rent (reserve) recovery for uncollectibility (1,374) (553) 716 Amortization of in-place lease liabilities, net 12,025 4,821 2,611 Rental income $ 810,146 $ 782,349 $ 367,399
Schedule of Future Minimum Lease Payments to be Received	As of December 31, 2023, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2024 $ 615,479 2025 566,314 2026 503,985 2027 432,467 2028 342,810 Thereafter 1,105,808 Total $ 3,566,863
Schedule of Future Minimum Lease Payments under Ground Leases	As of December 31, 2023, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2024 $ 5,101 2025 5,306 2026 5,413 2027 5,586 2028 5,044 Thereafter 105,644 $ 132,094 Adjustment for discounting (63,169) Lease liabilities as of December 31, 2023 $ 68,925

ORGANIZATION AND BASIS OF PRE_3

ORGANIZATION AND BASIS OF PRESENTATION - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023
General Partner Units
Organization [Line Items]
General partner, ownership interest (as a percent)	98.40%
Kite Realty Group, L.P.
Organization [Line Items]
Limited partner, ownership interest (as a percent)	1.60%

ORGANIZATION AND BASIS OF PRE_4

ORGANIZATION AND BASIS OF PRESENTATION - Real Estate Properties (Details)	Dec. 31, 2023 ft² property
Operating retail properties
Real Estate Properties [Line Items]
Number of real estate properties	180
Square footage | ft²	28,108,490
Operating retail properties | Consolidated Entities
Real Estate Properties [Line Items]
Number of real estate properties	177
Operating retail properties | Equity Method Investee
Real Estate Properties [Line Items]
Number of real estate properties	3
Office properties
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	287,291
Development and redevelopment projects | Carillon medical office building
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	126,000
Development and redevelopment projects | The Corner – IN
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	24,000
Development and redevelopment projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	92,283
Development and redevelopment projects | Edwards Multiplex – Ontario
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	124,614
Operating retail properties with office components
Real Estate Properties [Line Items]
Number of real estate properties	10

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Useful Life (Details)	Dec. 31, 2023
Building and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Building and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	35 years
Fixtures and leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Fixtures and leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Land, buildings and improvements	$ 7,684,066	$ 7,656,765
Construction in progress	55,995	75,808
Investment properties, at cost	$ 7,740,061	$ 7,732,573

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	1 Months Ended				12 Months Ended
	Oct. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	May 31, 2020 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2023 USD ($) jointVenture segment shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) jointVenture shares	Dec. 31, 2014 jointVenture	Jun. 29, 2018 USD ($) property
Accounting Policies [Line Items]
Variable interest entity, number of entities | jointVenture					2
Assets of VIEs					$ 6,944,078,000	$ 7,341,982,000
Number of investments in unconsolidated joint ventures | jointVenture					4
Payments to acquire equity method investments					$ 0	$ 125,000	$ 134,000
Provision for credit losses, net of recoveries as percent of revenue (as a percent)					0.30%	0.70%	0.90%
Weighted average limited partnership units outstanding, basic (in shares) | shares					3,200,000	2,800,000	2,500,000
Number of reportable segments | segment					1
Gross debt					$ 2,802,941,000	$ 2,978,256,000
Limited partners' capital account, units outstanding (in shares) | shares					3,512,868	2,870,697
Other property-related revenue
Accounting Policies [Line Items]
Gain on sales of land					$ 1,700,000	$ 4,500,000	$ 500,000
Capital Unit, Class B
Accounting Policies [Line Items]
Number of joint ventures in which units are issued | jointVenture								3
Number of joint ventures in which units are issued, noncontrolling interest | jointVenture							1
Amount of joint venture redemption	$ 9,700,000
Operating Partnership
Accounting Policies [Line Items]
Noncontrolling interest, ownership percentage by parent (as a percent)					98.40%	98.70%
Noncontrolling interest, ownership percentage by noncontrolling owners (as a percent)					1.60%	1.30%
One Loudoun Downtown - Pads G & H Joint Venture
Accounting Policies [Line Items]
Noncontrolling interest, ownership percentage by parent (as a percent)					90%
Mortgages payable
Accounting Policies [Line Items]
Gross debt					$ 153,306,000	$ 233,621,000
Mortgages payable | Fixed rate debt
Accounting Policies [Line Items]
Gross debt					$ 136,306,000	$ 205,328,000
Mortgages payable | One Loudoun Downtown - Pads G & H Joint Venture | Fixed rate debt
Accounting Policies [Line Items]
Debt instrument, term					10 years
Gross debt					$ 95,100,000
Percentage bearing fixed interest (as a percent)					5.36%
Three Property Retail Portfolio Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment (as a percent)									20%
Three Property Retail Portfolio Joint Venture | Livingston Shopping Center, Plaza Volente, and Tamiami Crossing
Accounting Policies [Line Items]
Number of real estate properties | property									3
Consideration received									$ 99,800,000
Equity method investment									$ 10,000,000
Embassy Suites at Eddy St. Commons Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment (as a percent)				35%
Payments to acquire equity method investments				$ 1,400,000
Construction loan payable					$ 32,700,000
Embassy Suites at Eddy St. Commons Joint Venture | Co-venturer
Accounting Policies [Line Items]
Construction loan payable					32,700,000
Embassy Suites at Eddy St. Commons Joint Venture | Co-venturer | Construction loan
Accounting Policies [Line Items]
Debt instrument, face amount					33,800,000
Glendale Multifamily Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment (as a percent)			12%
Glendale Multifamily Joint Venture | Land
Accounting Policies [Line Items]
Contribution of property			$ 1,600,000
Buckingham Mixed-Use Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment (as a percent)		50%
Buckingham Mixed-Use Joint Venture | Land
Accounting Policies [Line Items]
Contribution of property		$ 4,000,000
VIE
Accounting Policies [Line Items]
Mortgage debt of VIEs					112,100,000
Assets of VIEs					$ 216,500,000

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Cash and cash equivalents	$ 36,413	$ 115,799	$ 93,241
Restricted cash and escrow deposits	5,017	6,171	7,122
Cash, cash equivalents and restricted cash	$ 41,430	$ 121,970	$ 100,363	$ 46,586

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Revenue Concentration (Details) - Geographic Concentration Risk - Tenant, Lease Income	12 Months Ended
	Dec. 31, 2023
Texas
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	26.20%
Florida
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	10.60%
Virginia
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	7.40%
New York
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	6.90%
Indiana
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	6.30%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Tax Characterizations of Dividends Paid (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	100%	100%	100%
Ordinary income
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	90.60%	86.10%	0%
Return of capital
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	0%	0%	13.40%
Capital gains
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	9.40%	13.90%	86.60%

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance as of January 1,	$ 5,370	$ 5,146	$ 698
Noncontrolling interests acquired in the RPAI merger	0	0	4,463
Net income (loss) allocable to noncontrolling interests, excluding redeemable noncontrolling interests	256	224	(15)
Distributions to noncontrolling interests	(3,196)	0	0
Noncontrolling interests balance as of December 31,	$ 2,430	$ 5,370	$ 5,146

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interest [Line Items]
Parent Company’s weighted average interest in the Operating Partnership (as a percent)	98.60%	98.70%	97.80%
Limited partners’ weighted average interests in the Operating Partnership (as a percent)	1.40%	1.30%	2.20%

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES- Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income (loss) allocable to redeemable noncontrolling interests	$ 885	$ 482	$ (916)
Distributions declared to redeemable noncontrolling interests	(3,196)	0	0
Payment for redemption of redeemable noncontrolling interests	0	(9,654)	0
Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	53,967	55,173	43,275
Net income (loss) allocable to redeemable noncontrolling interests	629	258	(901)
Distributions declared to redeemable noncontrolling interests	(3,159)	(2,622)	(2,208)
Payment for redemption of redeemable noncontrolling interests	0	(10,070)	0
Other, net including adjustments to redemption value	21,850	11,228	15,007
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	73,287	53,967	55,173
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	73,287	53,967	55,173
Redeemable Noncontrolling Interests | Partnership Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	53,967	55,173
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	73,287	53,967	55,173
Limited partners’ interests in the Operating Partnership	73,287	53,967	45,103
Other redeemable noncontrolling interests in certain subsidiaries	0	0	10,070
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	$ 73,287	$ 53,967	$ 55,173

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisitions (Details) $ in Thousands						12 Months Ended
	Sep. 22, 2023 USD ($) ft²	Jul. 15, 2022 USD ($) ft²	Apr. 13, 2022 USD ($) ft²	Feb. 16, 2022 USD ($) ft²	Dec. 22, 2021 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Prestonwood Place
Asset Acquisition [Line Items]
Square footage | ft²	155,975
Acquisition price | $	$ 81,000
2022 Asset Acquisitions
Asset Acquisition [Line Items]
Square footage | ft²						210,849
Acquisition price | $						$ 101,770
Pebble Marketplace
Asset Acquisition [Line Items]
Square footage | ft²				85,796
Acquisition price | $				$ 44,100
MacArthur Crossing
Asset Acquisition [Line Items]
Square footage | ft²			56,077
Acquisition price | $			$ 21,920
Palms Plaza
Asset Acquisition [Line Items]
Square footage | ft²		68,976
Acquisition price | $		$ 35,750
Nora Plaza Shops
Asset Acquisition [Line Items]
Square footage | ft²					23,722
Acquisition price | $					$ 13,500

ACQUISITIONS - Schedule of As_2

ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - Asset Acquisitions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Asset Acquisition [Line Items]
Investment properties, net	$ 75,506	$ 99,096	$ 13,488
Lease-related intangible assets, net	6,971	5,223	304
Other assets	0	11	0
Total acquired assets	82,477	104,330	13,792
Mortgage payable	0	0	3,578
Accounts payable and accrued expenses	2,823	1,140	100
Deferred revenue and other liabilities	1,556	2,855	189
Total assumed liabilities	4,379	3,995	3,867
Fair value of net assets acquired	$ 78,098	$ 100,335	$ 9,925
Lease Agreements
Asset Acquisition [Line Items]
Weighted average amortization period (in years)	6 years 2 months 12 days	6 years 8 months 12 days	5 years 3 months 18 days

ACQUISITIONS - Level 3 Assumpti

ACQUISITIONS - Level 3 Assumptions Used in Determining Value of Acquired Assets (Details) - Valuation, Income Approach - Asset Acquisitions	12 Months Ended
	Dec. 31, 2023 $ / ft²	Dec. 31, 2022 $ / ft²	Dec. 31, 2021 $ / ft²
Net rental rate per square foot – Retail Anchors | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		20.50
Net rental rate per square foot – Retail Anchors | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		40
Net rental rate per square foot – Small Shops | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	30	24	31.50
Net rental rate per square foot – Small Shops | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	65	65	45
Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.085		0.090
Discount rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.0575
Discount rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.0725

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) $ in Thousands, shares in Millions		2 Months Ended	12 Months Ended
	Oct. 22, 2021 USD ($) property shares	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Merger and acquisition costs			$ 0	$ 925	$ 86,522
Depreciation and amortization			$ 429,970	472,969	203,142
Retail Properties of America, Inc.
Business Acquisition [Line Items]
Conversion rate of acquiree common shares	0.623
Company common shares issued (in shares) | shares	133.8
Purchase price of shares issued in merger	$ 2,800,000
Merger and acquisition costs				$ 900	$ 86,500
Revenue since acquisition date		$ 94,900
Net loss since acquisition date		22,800
Depreciation and amortization		$ 74,700
Retail Properties of America, Inc. | Retail operating properties
Business Acquisition [Line Items]
Number of real estate properties | property	100
Retail Properties of America, Inc. | Development projects
Business Acquisition [Line Items]
Number of real estate properties | property	5

ACQUISITIONS - Schedule of Pro

ACQUISITIONS - Schedule of Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Merger and acquisition costs	$ 0	$ 925	$ 86,522
Retail Properties of America, Inc.
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Rental income			740,954,000
Net income			21,283,000
Net income attributable to common shareholders			$ 20,535,000
Net income attributable to common shareholders per common share, basic (in dollars per share)			$ 0.09
Net income attributable to common shareholders per common share, diluted (in dollars per share)			$ 0.09
Merger and acquisition costs		$ 900	$ 86,500

ACQUISITIONS - Schedule Supplem

ACQUISITIONS - Schedule Supplemental Non-Cash Investing and Financing Activities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Weighted average incremental borrowing rate (as a percent)	0.054
Retail Properties of America, Inc.
Business Acquisition [Line Items]
Investment properties	$ 4,439,387
Acquired lease intangible assets	524,058
Mortgage and other indebtedness, net	(1,848,476)
In-place lease liabilities	(171,378)
Noncontrolling interests	(4,463)
Other assets and liabilities, net	(106,751)
Company common shares issued in exchange for RPAI common stock	(2,847,369)
Lease liabilities arising from obtaining right-of-use assets of	$ 41,086

DISPOSITIONS AND IMPAIRMENT C_3

DISPOSITIONS AND IMPAIRMENT CHARGES - Schedule of Dispositions (Details) - Disposed of by sale $ in Thousands									12 Months Ended
	Oct. 24, 2023 USD ($) ft²	Sep. 11, 2023 USD ($) ft²	Jun. 08, 2023 USD ($) ft²	May 08, 2023 USD ($) ft²	Oct. 27, 2022 USD ($) ft² tenant	Jun. 16, 2022 USD ($) ft² rental	Jan. 26, 2022 USD ($) ft²	Oct. 26, 2021 USD ($) ft²	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²									578,495	100,016
Sales price									$ 142,050	$ 75,550
Gain (loss)									$ 22,601	$ 27,069	$ 27,600
Kingwood Commons
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²				158,172
Sales price				$ 27,350
Gain (loss)				$ 4,736
Pan Am Plaza & Garage
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²			0
Sales price			$ 52,025
Gain (loss)			$ 23,638
Reisterstown Road Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		376,683
Sales price		$ 48,250
Gain (loss)		$ (5,773)
Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	43,640
Sales price	$ 14,425
Gain (loss)	$ 0
Hamilton Crossing Centre
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²							0
Sales price							$ 6,900
Gain (loss)							$ 3,168
Plaza Del Lago
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²						100,016
Sales price						$ 58,650
Gain (loss)						$ 23,958
Plaza Del Lago | Residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²						8,800
Plaza Del Lago | Multifamily
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of multifamily rental units | rental						18
Lincoln Plaza – Lowe’s
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²					0
Sales price					$ 10,000
Gain (loss)					$ (57)
Lincoln Plaza – Lowe’s | Multi-Tenant
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of tenants subject to a ground lease | tenant					1
Westside Market
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²								93,377
Sales price								$ 24,775
Gain (loss)								$ 4,323

DISPOSITIONS AND IMPAIRMENT C_4

DISPOSITIONS AND IMPAIRMENT CHARGES - Additional Information (Details) $ in Thousands		12 Months Ended
	Oct. 24, 2023 USD ($) ft²	Dec. 31, 2023 USD ($) ft² lease	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($) groundLease
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges		$ 477	$ 0	$ 0
Number of properties subject to ground leases | lease		12
Net proceeds from sales of operating properties		$ 137,687	$ 75,699	$ 26,556
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]				Gain on sales of operating properties, net
Disposal Group, Held-for-Sale, Not Discontinued Operations | Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges		$ 500
Square footage | ft²		43,640
Real estate investment, fair value		$ 14,100
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		578,495	100,016
Sales price		$ 142,050	$ 75,550
Number of properties subject to ground leases | groundLease				17
Net proceeds from sales of operating properties				$ 42,000
Gain on disposal		$ 22,601	$ 27,069	$ 27,600
Disposed of by sale | Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	43,640
Sales price	$ 14,425
Gain on disposal	$ 0

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details)		1 Months Ended	12 Months Ended
	May 11, 2022 shares	Jan. 31, 2022 shares	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 10,100,000	$ 10,300,000	$ 7,200,000
Allocation of share-based compensation, amount capitalized					$ 1,400,000	$ 1,300,000	$ 1,000,000
Options granted (in shares) | shares					0	0	0
Options exercised (in shares) | shares						1,250	1,250
Intrinsic value of options exercised						$ 3,300	$ 6,550
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Expiration period					10 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized					$ 3,900,000
Period for recognition					1 year
Restricted shares/units granted (in shares) | shares					229,551	206,855	194,411
Restricted Shares | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense			$ 1,400,000	$ 2,300,000
Restricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					3 years
Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period					5 years
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized					$ 4,600,000
Period for recognition					1 year 1 month 6 days
Restricted shares/units granted (in shares) | shares					163,515	138,505	72,689
Restricted Stock Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense			$ 1,800,000	$ 2,600,000
AO LTIP Units - 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense					$ 1,000,000	$ 1,000,000	$ 900,000
Compensation cost not yet recognized							$ 3,000,000
Period for recognition					3 years
Minimum appreciation threshold for vesting (as a percent)					15%
Consecutive trading days for appreciation threshold					20 days
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares/units granted (in shares) | shares		363,883
Service period		3 years
Performance component, cumulative annualized net operating income for executed new leases (as a percent)		0.60
Performance component, post-merger cash general and administrative expense synergies (as a percent)		0.20
Performance component, same property net operating income margin improvement (as a percent)		0.20
Vesting percentage (as a percent)		25%
2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) | shares	3,000,000
Number of shares available for grant (in shares) | shares					5,564,715

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Share Activity (Details) - Restricted Shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of Restricted Shares
Outstanding, beginning balance (in shares)	300,833
Restricted shares/units granted (in shares)	229,551	206,855	194,411
Shares forfeited (in shares)	(9,238)
Shares vested (in shares)	(184,069)
Outstanding, ending balance (in shares)	337,077	300,833
Weighted Average Grant Date Fair Value per Share
Outstanding, beginning balance (in dollars per share)	$ 19.98
Shares granted (in dollars per share)	21.45	$ 21.15	$ 19.85
Shares forfeited (in dollars per share)	21.64
Shares vested (in dollars per share)	19.38
Outstanding, ending balance (in dollars per share)	$ 21.28	$ 19.98
Fair value of restricted shares vested	$ 3,936	$ 4,459	$ 3,763

SHARE-BASED COMPENSATION - Re_2

SHARE-BASED COMPENSATION - Restricted Unit Activity (Details) - Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of Restricted Units
Outstanding, beginning balance (in shares)	407,138
Restricted shares/units granted (in shares)	163,515	138,505	72,689
Restricted units vested (in shares)	(167,783)
Outstanding, ending balance (in shares)	402,870	407,138
Weighted Average Grant Date Fair Value per Unit
Outstanding, beginning balance (in dollars per share)	$ 14.41
Restricted units granted (in dollars per share)	17.45	$ 17.07	$ 14.26
Restricted units vested (in dollars per share)	14.48
Outstanding, ending balance (in dollars per share)	$ 15.61	$ 14.41
Vested in period, fair value	$ 3,740	$ 3,173	$ 2,956

SHARE-BASED COMPENSATION - AO L

SHARE-BASED COMPENSATION - AO LTIP Units (Details) - AO LTIP Units - 2021 Awards	12 Months Ended
	Dec. 31, 2021 $ / shares shares
John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares) | shares	477,612
Participation threshold per AO LTIP Unit (in dollars per share) | $ / shares	$ 16.69
Thomas K. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares) | shares	149,254
Participation threshold per AO LTIP Unit (in dollars per share) | $ / shares	$ 16.69
Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares) | shares	119,403
Participation threshold per AO LTIP Unit (in dollars per share) | $ / shares	$ 16.69

DEFERRED COSTS AND INTANGIBLE_3

DEFERRED COSTS AND INTANGIBLES, NET - Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Acquired lease intangible assets	$ 433,771	$ 522,152
Deferred leasing costs and other	74,662	66,842
Deferred costs, gross	508,433	588,994
Less: accumulated amortization	(204,262)	(179,166)
Deferred costs, net	$ 304,171	$ 409,828

DEFERRED COSTS AND INTANGIBLE_4

DEFERRED COSTS AND INTANGIBLES, NET - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
2024	$ 74,935
2025	49,115
2026	33,839
2027	22,965
2028	17,808
Thereafter	42,450
Total	241,112
Amortization of above-market leases
Finite-Lived Intangible Assets [Line Items]
2024	8,935
2025	6,822
2026	4,865
2027	3,505
2028	2,432
Thereafter	2,644
Total	29,203
Amortization of acquired lease intangible assets
Finite-Lived Intangible Assets [Line Items]
2024	66,000
2025	42,293
2026	28,974
2027	19,460
2028	15,376
Thereafter	39,806
Total	$ 211,909

DEFERRED COSTS AND INTANGIBLE_5

DEFERRED COSTS AND INTANGIBLES, NET - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 107,542	$ 150,245	$ 45,423
Amortization of above-market lease intangibles	$ 12,007	$ 13,562	$ 3,483

DEFERRED REVENUE, INTANGIBLES_3

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Deferred Revenue and Other Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 159,449	$ 188,815
Retainages payable and other	9,229	12,110
Tenant rents received in advance	35,339	29,947
Lease liabilities	$ 68,925	$ 67,167
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Deferred revenue and other liabilities	Deferred revenue and other liabilities
Deferred revenue and other liabilities	$ 272,942	$ 298,039
Amortization of below market lease intangibles	$ 24,000	$ 18,400	$ 6,100

DEFERRED REVENUE, INTANGIBLES_4

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Amortization of Acquired Lease Intangibles (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Total	$ 241,112
In-place lease liabilities
Finite-Lived Intangible Assets [Line Items]
2024	19,346
2025	13,186
2026	12,149
2027	10,274
2028	9,665
Thereafter	94,829
Total	$ 159,449

MORTGAGE AND OTHER INDEBTEDNE_3

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,802,941	$ 2,978,256
Unamortized discounts and premiums, net	35,765	44,362
Unamortized debt issuance costs, net	(9,504)	(12,319)
Mortgage and other indebtedness, net	2,829,202	3,010,299
Unsecured revolving line of credit
Debt Instrument [Line Items]
Gross debt	0	0
Mortgages payable
Debt Instrument [Line Items]
Gross debt	153,306	233,621
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,829,635	1,924,635
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 820,000

MORTGAGE AND OTHER INDEBTEDNE_4

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Weighted Average Interest Rates and Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt	$ 2,802,941	$ 2,978,256
Debt discounts, premiums and issuance costs, net	26,261
Mortgage and other indebtedness, net	$ 2,829,202	$ 3,010,299
Ratio (as a percent)	100%
Weighted average interest rate (as a percent)	4.30%
Weighted average years to maturity	3 years 7 months 6 days
Fixed rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 2,630,941
Ratio (as a percent)	94%
Weighted average interest rate (as a percent)	3.98%
Weighted average years to maturity	3 years 7 months 6 days
Fixed rate debt considering hedges | Variable rate debt
Debt Instrument [Line Items]
Mortgage and other indebtedness, net	$ 820,000
Weighted average years to maturity	1 year 8 months 12 days
Variable rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 172,000
Ratio (as a percent)	6%
Weighted average interest rate (as a percent)	9.15%
Weighted average years to maturity	2 years 8 months 12 days
Variable rate debt considering hedges | Fixed rate debt
Debt Instrument [Line Items]
Mortgage and other indebtedness, net	$ 155,000
Weighted average years to maturity	1 year 8 months 12 days

MORTGAGE AND OTHER INDEBTEDNE_5

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Mortgages Payable (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Gross debt		$ 2,802,941	$ 2,978,256
Weighted average interest rate (as a percent)		4.30%
Weighted average years to maturity		3 years 7 months 6 days
Variable rate debt | Minimum
Debt Instrument [Line Items]
Variable interest rate (as a percent)		6.50%
Variable rate debt | Maximum
Debt Instrument [Line Items]
Variable interest rate (as a percent)		7.45%
Mortgages payable
Debt Instrument [Line Items]
Gross debt		$ 153,306	233,621
Mortgages payable | Fixed rate debt
Debt Instrument [Line Items]
Gross debt		$ 136,306	$ 205,328
Weighted average interest rate (as a percent)		5.09%	3.98%
Weighted average years to maturity		8 years 1 month 6 days	1 year 4 months 24 days
Mortgages payable | Fixed rate debt | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)		3.75%	3.75%
Mortgages payable | Fixed rate debt | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)		5.73%	5.73%
Mortgages payable | Variable rate debt
Debt Instrument [Line Items]
Gross debt		$ 17,000	$ 28,293
Weighted average interest rate (as a percent)		7.59%	5.96%
Weighted average years to maturity		2 years 7 months 6 days	7 months 6 days
Mortgages payable | Variable rate debt | BSBY
Debt Instrument [Line Items]
Credit spread (as a percent)	1.60%	2.15%
Variable interest rate (as a percent)		5.44%	4.36%

MORTGAGE AND OTHER INDEBTEDNE_6

MORTGAGE AND OTHER INDEBTEDNESS - Additional Information (Details)		1 Months Ended				12 Months Ended
	Mar. 17, 2021 $ / shares	Jul. 31, 2022 USD ($) extension	Oct. 31, 2021 USD ($)	Mar. 31, 2021 USD ($) day $ / shares	Aug. 31, 2015 USD ($)	Dec. 31, 2023 USD ($) extension	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Feb. 20, 2024 USD ($)	Oct. 31, 2018 USD ($)	Sep. 30, 2016 USD ($)
Debt Instrument [Line Items]
Gross debt						$ 2,802,941,000	$ 2,978,256,000
Repayments of long-term debt						$ 544,410,000	568,963,000	$ 77,591,000
Weighted average years to maturity						3 years 7 months 6 days
Loan proceeds						$ 369,095,000	455,000,000	215,000,000
Purchase of capped calls								9,800,000
Interest costs capitalized						3,700,000	2,400,000	1,600,000
Percentage bearing fixed interest, amount						2,000,000,000
Percentage bearing variable interest, amount						837,000,000
Unsecured revolving line of credit
Debt Instrument [Line Items]
Gross debt						$ 0	$ 0
Extension period						6 months
Interest rate, stated percentage (as a percent)						6.58%	5.56%
Number of extension options | extension						2
Reduction of interest rate margin upon achievement of sustainability metric						0.0001
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Repayments of long-term debt						$ 544,410,000	$ 568,963,000	77,591,000
Loan proceeds						$ 369,095,000	455,000,000	215,000,000
Purchase of capped calls								9,800,000
Kite Realty Group, L.P. | Unsecured revolving line of credit
Debt Instrument [Line Items]
Extension period		6 months				6 months
Line of credit facility, maximum borrowing capacity		$ 1,100,000,000				$ 1,100,000,000
Increase in line of credit or term loan limit		600,000,000
Line of credit facility, maximum borrowing capacity option		$ 2,000,000,000
Number of extension options | extension		2				2
Kite Realty Group, L.P. | Unsecured revolving line of credit | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%				0.10%
Mortgages payable
Debt Instrument [Line Items]
Gross debt						$ 153,306,000	233,621,000
Repayments of debt						161,500,000
Scheduled principal payments						$ 4,000,000
Mortgages payable | Weighted Average
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)						3.85%
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt						$ 1,829,635,000	1,924,635,000
Senior exchangeable notes
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)				0.75%
Loan proceeds				$ 169,700,000
Interest expense						1,300,000	1,300,000	$ 1,600,000
Exchangeable conversion ratio				0.0396628
Conversion price (in dollars per share) | $ / shares				$ 25.21
Exchange premium, percent of closing price (as a percent)				25%
Senior exchangeable notes | Common Shares
Debt Instrument [Line Items]
Common stock closing price (in dollars per share) | $ / shares	$ 20.17
Senior exchangeable notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)				0.75%
Debt instrument, face amount				$ 175,000,000
Redemption price, percentage (as a percent)				100%
Percentage of exchange price (as a percent)				130%
Trading days | day				20
Consecutive trading days | day				30
Unsecured term loans
Debt Instrument [Line Items]
Gross debt						820,000,000	820,000,000
Fixed rate debt
Debt Instrument [Line Items]
Long-term debt, fair value						$ 1,900,000,000
Fixed rate debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as a percent)						5.53%
Fixed rate debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest (as a percent)						7.48%
Fixed rate debt | Mortgages payable
Debt Instrument [Line Items]
Gross debt						$ 136,306,000	$ 205,328,000
Weighted average years to maturity						8 years 1 month 6 days	1 year 4 months 24 days
Fixed rate debt | Mortgages payable | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)						3.75%	3.75%
Fixed rate debt | Mortgages payable | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)						5.73%	5.73%
Variable rate debt
Debt Instrument [Line Items]
Long-term debt, fair value						$ 841,100,000
Variable rate debt | Minimum
Debt Instrument [Line Items]
Percentage bearing variable interest (as a percent)						6.50%
Variable rate debt | Maximum
Debt Instrument [Line Items]
Percentage bearing variable interest (as a percent)						7.45%
Variable rate debt | Mortgages payable
Debt Instrument [Line Items]
Gross debt						$ 17,000,000	$ 28,293,000
Extension period						1 year
Repayments of debt						$ 9,900,000
Weighted average years to maturity						2 years 7 months 6 days	7 months 6 days
Senior notes – 4.23% due 2023 | Senior unsecured notes
Debt Instrument [Line Items]
Gross debt							$ 95,000,000
Interest rate, stated percentage (as a percent)						4.23%
Repayments of long-term debt						$ 95,000,000
Senior notes – 5.50% due 2034 | Senior unsecured notes | Subsequent Event
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)									5.50%
Debt instrument, face amount									$ 350,000,000
Private Placement Notes | Senior unsecured notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt					$ 250,000,000
Interest rate, stated percentage (as a percent)					4.41%
Weighted average years to maturity					9 years 9 months 18 days
Redemption price, percentage (as a percent)						100%
Private Placement Notes | Senior unsecured notes | Kite Realty Group, L.P. | Minimum
Debt Instrument [Line Items]
Minimum percentage of principal amount available to be redeemed (as a percent)						5%
Private Placement Notes | Senior unsecured notes | Retail Properties of America, Inc. | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt assumed in the RPAI merger			$ 450,000,000
Public Placement Notes | Senior unsecured notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Redemption price, percentage (as a percent)						100%
Redemption period, prior to maturity date						3 months
Public Placement Notes | Senior unsecured notes | Retail Properties of America, Inc. | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt assumed in the RPAI merger			$ 750,000,000
Senior notes – 4.00% due 2026 | Senior unsecured notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)											4%
Debt instrument, face amount											$ 300,000,000
Capped Call | Senior exchangeable notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Exchange premium, percent of closing price (as a percent)				50%
Exchange price (in dollars per share) | $ / shares				$ 30.26
Purchase of capped calls						$ 9,800,000
$300M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt						$ 300,000,000	$ 300,000,000
Interest rate, stated percentage (as a percent)						3.82%	4.05%
$300M unsecured term loan | Unsecured term loans | SOFR
Debt Instrument [Line Items]
Gross debt						$ 300,000,000	$ 300,000,000
Percentage bearing fixed interest (as a percent)						2.47%	2.70%
Percentage bearing variable interest (as a percent)						1.35%	1.35%
$300M unsecured term loan | Unsecured term loans | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						1.15%	1.15%
$300M unsecured term loan | Unsecured term loans | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						2.20%	2.20%
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt instrument, term		7 years
Gross debt		$ 300,000,000				$ 300,000,000
Reduction of interest rate margin upon achievement of sustainability metric		0.0001	0.0001
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%				0.10%
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		1.15%
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		2.20%
$120M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt						$ 120,000,000	$ 120,000,000
Interest rate, stated percentage (as a percent)						2.68%	2.68%
$120M unsecured term loan | Unsecured term loans | SOFR
Debt Instrument [Line Items]
Gross debt						$ 120,000,000
Percentage bearing fixed interest (as a percent)						1.58%
Percentage bearing variable interest (as a percent)						1.10%	1.10%
$120M unsecured term loan | Unsecured term loans | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						0.80%
$120M unsecured term loan | Unsecured term loans | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						1.65%
$120M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 120,000,000			$ 120,000,000
Line of credit facility, maximum borrowing capacity			250,000,000
$120M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						0.10%
$150M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt						$ 150,000,000	$ 150,000,000
Interest rate, stated percentage (as a percent)						2.73%	2.73%
$150M unsecured term loan | Unsecured term loans | SOFR
Debt Instrument [Line Items]
Gross debt						$ 150,000,000
Percentage bearing fixed interest (as a percent)						1.68%
Percentage bearing variable interest (as a percent)						1.05%	1.05%
$150M unsecured term loan | Unsecured term loans | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						0.75%
$150M unsecured term loan | Unsecured term loans | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)						1.60%
$150M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 150,000,000			$ 150,000,000
$150M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						0.10%
$250M unsecured term loan | Unsecured term loans
Debt Instrument [Line Items]
Gross debt						$ 250,000,000	$ 250,000,000
Extension period						1 year
Interest rate, stated percentage (as a percent)						5.09%	5.09%
Number of extension options | extension						3
$250M unsecured term loan | Unsecured term loans | SOFR
Debt Instrument [Line Items]
Gross debt						$ 250,000,000
Percentage bearing fixed interest (as a percent)						5.09%
$250M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt						$ 250,000,000				$ 250,000,000
Extension period						1 year
Line of credit facility, maximum borrowing capacity										250,000,000
Number of extension options | extension						3
Term loan, option to increase maximum borrowing capacity										$ 300,000,000
$250M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						0.10%
One Loudoun Downtown - Pads G & H Joint Venture | Fixed rate debt | Mortgages payable
Debt Instrument [Line Items]
Debt instrument, term						10 years
Gross debt						$ 95,100,000
Percentage bearing fixed interest (as a percent)						5.36%

MORTGAGE AND OTHER INDEBTEDNE_7

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Senior Unsecured Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Gross debt	$ 2,802,941	$ 2,978,256
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	$ 1,829,635	1,924,635
Senior unsecured notes | Senior notes – 4.23% due 2023
Debt Instrument [Line Items]
Gross debt		$ 95,000
Interest rate (as a percent)	4.23%	4.23%
Interest rate, stated percentage (as a percent)	4.23%
Senior unsecured notes | Senior notes - 4.58% due 2024
Debt Instrument [Line Items]
Gross debt	$ 149,635	$ 149,635
Interest rate (as a percent)	4.58%	4.58%
Senior unsecured notes | Senior notes - 4.00% due 2025
Debt Instrument [Line Items]
Gross debt	$ 350,000	$ 350,000
Interest rate (as a percent)	4%	4%
Senior unsecured notes | Senior notes - SOFR + 3.65% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000	$ 80,000
Interest rate (as a percent)	9.27%	8.41%
Senior unsecured notes | Senior notes - SOFR + 3.65% due 2025 | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	3.65%
Senior unsecured notes | Senior notes - 4.47% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000	$ 80,000
Interest rate, stated percentage (as a percent)	4.47%	4.47%
Senior unsecured notes | Senior notes - 4.47% due 2025 | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	3.65%
Senior unsecured notes | Senior notes - 4.47% due 2025 | LIBOR
Debt Instrument [Line Items]
Credit spread (as a percent)		3.65%
Senior unsecured notes | Senior notes - 4.08% due 2026
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate (as a percent)	4.08%	4.08%
Senior unsecured notes | Senior notes – 4.00% due 2026
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate (as a percent)	4%	4%
Senior unsecured notes | Senior notes - SOFR + 3.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000	$ 75,000
Interest rate (as a percent)	9.37%	8.51%
Senior unsecured notes | Senior notes - SOFR + 3.75% due 2027 | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	3.75%
Senior unsecured notes | Senior notes - 4.57% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000	$ 75,000
Interest rate, stated percentage (as a percent)	4.57%	4.57%
Senior unsecured notes | Senior notes - 4.57% due 2027 | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	3.75%
Senior unsecured notes | Senior notes - 4.57% due 2027 | LIBOR
Debt Instrument [Line Items]
Credit spread (as a percent)		3.75%
Senior unsecured notes | Senior notes - 4.24% due 2028
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate (as a percent)	4.24%	4.24%
Senior unsecured notes | Senior notes - 4.82% due 2029
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate (as a percent)	4.82%	4.82%
Senior unsecured notes | Senior notes - 4.75% due 2030
Debt Instrument [Line Items]
Gross debt	$ 400,000	$ 400,000
Interest rate (as a percent)	4.75%	4.75%
Senior exchangeable notes
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)			0.75%
Senior exchangeable notes | Senior exchangeable notes – 0.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 175,000	$ 175,000
Interest rate (as a percent)	0.75%	0.75%

MORTGAGE AND OTHER INDEBTEDNE_8

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Line of Credit (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) extension	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross debt	$ 2,802,941	$ 2,978,256
Unsecured credit facility revolving line of credit - variable rate
Debt Instrument [Line Items]
Gross debt	$ 0	$ 0
Interest rate (as a percent)	6.58%	5.56%
Number of extension options | extension	2
Extension period	6 months
Extension fee percentage (as a percent)	0.00075
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 820,000
Unsecured term loans | Unsecured term loan due 2024 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 120,000	$ 120,000
Interest rate (as a percent)	2.68%	2.68%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 120,000
Percentage bearing fixed interest (as a percent)	1.58%
Variable interest rate (as a percent)	1.10%	1.10%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	0.80%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.65%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 250,000	$ 250,000
Interest rate (as a percent)	5.09%	5.09%
Number of extension options | extension	3
Extension period	1 year
Unsecured term loans | Unsecured term loan due 2025 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 250,000
Percentage bearing fixed interest (as a percent)	5.09%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 150,000
Interest rate (as a percent)	2.73%	2.73%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 150,000
Percentage bearing fixed interest (as a percent)	1.68%
Variable interest rate (as a percent)	1.05%	1.05%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	0.75%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.60%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate (as a percent)	3.82%	4.05%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Percentage bearing fixed interest (as a percent)	2.47%	2.70%
Variable interest rate (as a percent)	1.35%	1.35%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.15%	1.15%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	2.20%	2.20%

MORTGAGE AND OTHER INDEBTEDNE_9

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Revolving Facility Key Terms (Details) - Unsecured revolving line of credit	1 Months Ended	12 Months Ended
	Jul. 31, 2022 USD ($) extension	Dec. 31, 2023 USD ($) extension
Line of Credit Facility [Line Items]
Number of extension options		2
Extension period		6 months
Extension fee percentage (as a percent)		0.00075
Kite Realty Group, L.P.
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity | $	$ 1,100,000,000	$ 1,100,000,000
Number of extension options	2	2
Extension period	6 months	6 months
Extension fee percentage (as a percent)		0.00075
Kite Realty Group, L.P. | SOFR
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	0.10%	0.10%
Kite Realty Group, L.P. | Minimum | Leverage-based pricing
Line of Credit Facility [Line Items]
Facility fee (as a percent)		0.15%
Kite Realty Group, L.P. | Minimum | Investment grade pricing
Line of Credit Facility [Line Items]
Facility fee (as a percent)		0.125%
Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.05%
Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		0.725%
Kite Realty Group, L.P. | Maximum | Leverage-based pricing
Line of Credit Facility [Line Items]
Facility fee (as a percent)		0.30%
Kite Realty Group, L.P. | Maximum | Investment grade pricing
Line of Credit Facility [Line Items]
Facility fee (as a percent)		0.30%
Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.50%
Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.40%

MORTGAGE AND OTHER INDEBTEDN_10

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Unsecured Term Loans Key Terms (Details)	1 Months Ended	12 Months Ended
	Jul. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) extension	Dec. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Oct. 31, 2018 USD ($)
Debt Instrument [Line Items]
Gross debt		$ 2,802,941,000	$ 2,978,256,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt		820,000,000	820,000,000
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Gross debt		120,000,000	120,000,000
Unsecured term loans | $120M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt		$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		0.80%
Unsecured term loans | $120M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		1.65%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt		$ 120,000,000		$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.20%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		0.80%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.70%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.65%
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Gross debt		$ 250,000,000	250,000,000
Number of extension options | extension		3
Extension period		1 year
Unsecured term loans | $250M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt		$ 250,000,000
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt		$ 250,000,000			$ 250,000,000
Number of extension options | extension		3
Extension period		1 year
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		2.55%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		2.50%
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Gross debt		$ 150,000,000	150,000,000
Unsecured term loans | $150M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt		$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		0.75%
Unsecured term loans | $150M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		1.60%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt		$ 150,000,000		$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.20%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		0.75%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.70%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.60%
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt		$ 300,000,000	300,000,000
Unsecured term loans | $300M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt		$ 300,000,000	$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		1.15%	1.15%
Unsecured term loans | $300M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)		2.20%	2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 300,000,000	$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.10%	0.10%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread (as a percent)	2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)		2.20%

MORTGAGE AND OTHER INDEBTEDN_11

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 3,609	$ 3,163	$ 2,681

MORTGAGE AND OTHER INDEBTEDN_12

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Scheduled Principal Payments
2024	$ 5,121
2025	5,248
2026	4,581
2027	3,120
2028	3,757
Thereafter	28,091
Scheduled Principal Payments	49,918
Term Maturities
2024	0
2025	0
2026	10,600
2027	0
2028	0
Thereafter	92,788
Term Maturities	103,388
Unsecured Debt
2024	269,635
2025	680,000
2026	550,000
2027	250,000
2028	100,000
Thereafter	800,000
Unsecured Debt	2,649,635
Total
2024	274,756
2025	685,248
2026	565,181
2027	253,120
2028	103,757
Thereafter	920,879
Gross debt	2,802,941	$ 2,978,256
Debt discounts, premiums and issuance costs, net	26,261
Mortgage and other indebtedness, net	$ 2,829,202	$ 3,010,299

DERIVATIVE INSTRUMENTS, HEDGI_3

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Additional Information (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2022 USD ($) derivativeContract	Dec. 31, 2023 USD ($) instrument	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 31, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income		$ 52,435	$ 74,344
Gain (loss) reclassified from AOCI into income, effective portion, net		17,400	(7,300)	$ (7,700)
Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income		$ 52,435	$ 74,344
$150M forward-starting interest rate swap maturing in 2034 | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Accumulated other comprehensive income					$ 700
$150M forward-starting interest rate swap maturing in 2034 | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument		3
Aggregate notional		$ 150,000
Fixed interest rate (as a percent)		3.44%
$150M forward-starting interest rate swap maturing in 2032
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from terminated interest rate swap contracts		$ 3,100
$150M forward-starting interest rate swap maturing in 2032 | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional	$ 150,000
Number of instruments terminated | derivativeContract	2
Proceeds received upon termination	$ 30,900
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount expected to be reclassified to interest expense over the next 12 months		$ 18,800

DERIVATIVE INSTRUMENTS, HEDGI_4

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Summary of Terms and Fair Value of Derivative Instruments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) instrument	Dec. 31, 2022 USD ($)
Interest Rate Swap | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional	$ 820,000
Fair value of assets (liabilities)	$ 23,063	$ 35,140
$250M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	4
Aggregate notional	$ 250,000
Fair value of assets (liabilities)	$ 4,952	7,134
$250M interest rate swap maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	2.99%
$100M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 100,000
Fair value of assets (liabilities)	$ 2,415	3,616
$100M interest rate swap maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	2.66%
$200M Interest Rate Swap Maturing in 2023 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 0
Fair value of assets (liabilities)	$ 0	3,663
$200M Interest Rate Swap Maturing in 2023 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	2.72%
$200M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 200,000
Fair value of assets (liabilities)	$ 5,716	4,370
$200M interest rate swap maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	2.37%
$120M interest rate swap maturing in 2024 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 120,000
Fair value of assets (liabilities)	$ 2,236	5,461
$120M interest rate swap maturing in 2024 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	1.58%
$150M interest rate swap maturing in 2026 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 150,000
Fair value of assets (liabilities)	$ 7,744	$ 10,896
$150M interest rate swap maturing in 2026 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	1.68%
$155M interest rate swap maturing in 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blended fixed interest rate (as a percent)	4.52%
$155M interest rate swap maturing in 2025 | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blending floating interest rate (as a percent)	3.70%
$155M interest rate swap maturing in 2025 | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blending floating interest rate (as a percent)		3.70%
$155M interest rate swap maturing in 2025 | Fair Value
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 155,000
Fair value of assets (liabilities)	$ (9,408)	$ (14,177)
$155M interest rate swap maturing in 2025 | Fair Value | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Credit spread (as a percent)	3.70%
$150M forward-starting interest rate swap maturing in 2034 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 150,000
Fair value of assets (liabilities)	$ (700)	$ 0
$150M forward-starting interest rate swap maturing in 2034 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate (as a percent)	3.44%

LEASE INFORMATION - Rental Inco

LEASE INFORMATION - Rental Income From Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Fixed contractual lease payments – operating leases	$ 637,915	$ 615,773	$ 292,873
Variable lease payments – operating leases	151,853	151,304	69,422
Bad debt reserve	(3,459)	(6,027)	(2,897)
Straight-line rent adjustments	13,186	17,031	4,674
Straight-line rent (reserve) recovery for uncollectibility	(1,374)	(553)	716
Amortization of in-place lease liabilities, net	12,025	4,821	2,611
Rental income	$ 810,146	$ 782,349	$ 367,399

LEASE INFORMATION - Additional

LEASE INFORMATION - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) a lease	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Operating Leased Assets [Line Items]
Operating leases, term of contract	5 years 1 month 6 days
Operating leases, overage rent	$ 7.5	$ 5.9	$ 0.8
Number of properties subject to ground leases | lease	12
Area of land (in acres) | a	98
Weighted average remaining term of ground leases	34 years
Ground lease expense	$ 3.9	3.9	2.8
Ground lease payments	$ 5.2	$ 5.1	$ 2.6
Minimum
Operating Leased Assets [Line Items]
Extension options for ground leases	5 years
Length of extension options for ground leases	20 years
Maximum
Operating Leased Assets [Line Items]
Extension options for ground leases	10 years
Length of extension options for ground leases	25 years

LEASE INFORMATION - Future Mini

LEASE INFORMATION - Future Minimum Rentals (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 615,479
2025	566,314
2026	503,985
2027	432,467
2028	342,810
Thereafter	1,105,808
Total	$ 3,566,863

LEASE INFORMATION - Future Mi_2

LEASE INFORMATION - Future Minimum Lease Payments Due (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 5,101
2025	5,306
2026	5,413
2027	5,586
2028	5,044
Thereafter	105,644
Total	132,094
Adjustment for discounting	(63,169)
Lease liabilities	$ 68,925	$ 67,167

SHAREHOLDERS_ EQUITY (Details)

SHAREHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 28, 2021	Feb. 23, 2021
Subsidiary, Sale of Stock [Line Items]
Dividends declared per common share (in dollars per share)		$ 0.25	$ 0.97	$ 0.87	$ 0.72
Common shares, par value (in dollars per share)		$ 0.01	$ 0.01	$ 0.01
Aggregate value of shares authorized to be repurchased	$ 300					$ 150
Increase to value of shares authorized to be repurchased	$ 150
Number of shares repurchased (in shares)			0
ATM Offering Program
Subsidiary, Sale of Stock [Line Items]
Aggregate sales price of shares authorized to be sold under ATM program							$ 150
Common shares, par value (in dollars per share)							$ 0.01
Number of common shares issued under ATM Program (in shares)			0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2021	Dec. 31, 2017
Embassy Suites at Eddy St. Commons Joint Venture
Loss Contingencies [Line Items]
Ownership percentage in equity method investment (as a percent)			35%
Construction loan payable	$ 32,700,000
Embassy Suites at Eddy St. Commons Joint Venture | Payment guarantee
Loss Contingencies [Line Items]
Current amount of obligation			$ 5,900,000
Embassy Suites at Eddy St. Commons Joint Venture | Payment guarantee | Construction contracts
Loss Contingencies [Line Items]
Current amount of obligation	11,400,000
Embassy Suites at Eddy St. Commons Joint Venture | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties			$ 33,800,000
Buckingham Joint Venture at The Corner
Loss Contingencies [Line Items]
Construction loan payable	61,000,000
Buckingham Joint Venture at The Corner | Payment guarantee | Construction contracts
Loss Contingencies [Line Items]
Current amount of obligation	$ 30,500,000
Buckingham Joint Venture at The Corner | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties		$ 66,200,000

RELATED PARTIES AND RELATED P_2

RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details) - Related Party - USD ($) $ in Millions		12 Months Ended
	Aug. 07, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Management, construction management and other services
Related Party Transaction [Line Items]
Related party transaction, amount of transaction		$ 0.1	$ 0.1	$ 0.1
Travel and related services
Related Party Transaction [Line Items]
Related party transaction, amount of transaction		$ 0.3	$ 0.3	$ 0.3
Sale of Project Rights and Obligations | KRG Development, LLC
Related Party Transaction [Line Items]
Related party transaction, amount of transaction	$ 3.5

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Senior notes – 5.50% due 2034 - Senior unsecured notes - Subsequent Event	Feb. 20, 2024 USD ($)
Subsequent Event [Line Items]
Debt instrument, face amount	$ 350,000,000
Interest rate, stated percentage (as a percent)	5.50%
Interest rate, percentage of principal amount (as a percent)	0.98670
Effective interest rate (as a percent)	5.673%

Schedule III - Consolidated R_2

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate Properties [Line Items]
Encumbrances	$ 2,802,941
Initial cost, land	1,956,576
Initial cost, building & improvements	5,277,794
Cost capitalized subsequent to acquisition/development, land	8,233
Cost capitalized subsequent to acquisition/development, building and improvements	497,457
Gross carrying amount close of period, land	1,964,809
Gross carrying amount close of period, building and improvements	5,775,251
Total	7,740,061	$ 7,732,573	$ 7,584,735	$ 3,136,982
Accumulated Depreciation	1,381,770	$ 1,161,148	$ 879,306	$ 750,119
Operating Properties
Real Estate Properties [Line Items]
Encumbrances	153,306
Initial cost, land	1,824,044
Initial cost, building & improvements	5,225,599
Cost capitalized subsequent to acquisition/development, land	8,267
Cost capitalized subsequent to acquisition/development, building and improvements	468,021
Gross carrying amount close of period, land	1,832,311
Gross carrying amount close of period, building and improvements	5,693,620
Total	7,525,931
Accumulated Depreciation	1,361,001
Operating Properties | 12th Street Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,624
Initial cost, building & improvements	10,633
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,321
Gross carrying amount close of period, land	2,624
Gross carrying amount close of period, building and improvements	11,954
Total	14,578
Accumulated Depreciation	3,685
Operating Properties | 54th & College
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,672
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	2,672
Gross carrying amount close of period, building and improvements	0
Total	2,672
Accumulated Depreciation	0
Operating Properties | Arcadia Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,487
Initial cost, building & improvements	11,707
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	105
Gross carrying amount close of period, land	8,487
Gross carrying amount close of period, building and improvements	11,812
Total	20,299
Accumulated Depreciation	1,823
Operating Properties | Ashland & Roosevelt
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,806
Initial cost, building & improvements	25,523
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	45
Gross carrying amount close of period, land	9,806
Gross carrying amount close of period, building and improvements	25,568
Total	35,374
Accumulated Depreciation	3,691
Operating Properties | Avondale Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,723
Initial cost, building & improvements	10,066
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	74
Gross carrying amount close of period, land	6,723
Gross carrying amount close of period, building and improvements	10,140
Total	16,863
Accumulated Depreciation	1,278
Operating Properties | Bayonne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	47,809
Initial cost, building & improvements	38,362
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,304
Gross carrying amount close of period, land	47,809
Gross carrying amount close of period, building and improvements	40,666
Total	88,475
Accumulated Depreciation	11,880
Operating Properties | Bayport Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,005
Initial cost, building & improvements	20,666
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,681
Gross carrying amount close of period, land	7,005
Gross carrying amount close of period, building and improvements	25,347
Total	32,352
Accumulated Depreciation	10,839
Operating Properties | Belle Isle Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,130
Initial cost, building & improvements	41,082
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,843
Gross carrying amount close of period, land	9,130
Gross carrying amount close of period, building and improvements	48,925
Total	58,055
Accumulated Depreciation	20,180
Operating Properties | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,407
Initial cost, building & improvements	8,595
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,662
Gross carrying amount close of period, land	3,407
Gross carrying amount close of period, building and improvements	10,257
Total	13,664
Accumulated Depreciation	4,878
Operating Properties | Burlington
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	2,773
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	29
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	2,802
Total	2,802
Accumulated Depreciation	2,802
Operating Properties | Castleton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,761
Initial cost, building & improvements	24,467
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,006
Gross carrying amount close of period, land	9,761
Gross carrying amount close of period, building and improvements	25,474
Total	35,235
Accumulated Depreciation	7,826
Operating Properties | Cedar Park Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,032
Initial cost, building & improvements	25,909
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	198
Gross carrying amount close of period, land	9,032
Gross carrying amount close of period, building and improvements	26,107
Total	35,139
Accumulated Depreciation	2,499
Operating Properties | Centennial Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	58,960
Initial cost, building & improvements	72,121
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	9,091
Gross carrying amount close of period, land	58,960
Gross carrying amount close of period, building and improvements	81,212
Total	140,172
Accumulated Depreciation	38,893
Operating Properties | Centennial Gateway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,305
Initial cost, building & improvements	48,432
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,317
Gross carrying amount close of period, land	5,305
Gross carrying amount close of period, building and improvements	49,749
Total	55,054
Accumulated Depreciation	18,288
Operating Properties | Central Texas Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,711
Initial cost, building & improvements	30,021
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,527
Gross carrying amount close of period, land	15,711
Gross carrying amount close of period, building and improvements	32,548
Total	48,259
Accumulated Depreciation	5,051
Operating Properties | Centre at Laurel
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,122
Initial cost, building & improvements	34,655
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	400
Gross carrying amount close of period, land	6,122
Gross carrying amount close of period, building and improvements	35,055
Total	41,177
Accumulated Depreciation	4,503
Operating Properties | Centre Point Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,918
Initial cost, building & improvements	22,285
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	494
Gross carrying amount close of period, land	2,918
Gross carrying amount close of period, building and improvements	22,779
Total	25,697
Accumulated Depreciation	8,507
Operating Properties | Chantilly Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,309
Initial cost, building & improvements	17,604
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	760
Gross carrying amount close of period, land	12,309
Gross carrying amount close of period, building and improvements	18,365
Total	30,674
Accumulated Depreciation	2,420
Operating Properties | Chapel Hill Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	34,828
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,603
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	37,431
Total	37,431
Accumulated Depreciation	14,803
Operating Properties | Circle East
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,188
Initial cost, building & improvements	27,077
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,188
Gross carrying amount close of period, building and improvements	27,077
Total	28,265
Accumulated Depreciation	1,932
Operating Properties | City Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,565
Initial cost, building & improvements	178,892
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,626
Gross carrying amount close of period, land	20,565
Gross carrying amount close of period, building and improvements	184,517
Total	205,082
Accumulated Depreciation	68,429
Operating Properties | Clearlake Shores Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,845
Initial cost, building & improvements	6,612
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	565
Gross carrying amount close of period, land	3,845
Gross carrying amount close of period, building and improvements	7,177
Total	11,022
Accumulated Depreciation	1,018
Operating Properties | Coal Creek Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,397
Initial cost, building & improvements	11,650
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	162
Gross carrying amount close of period, land	9,397
Gross carrying amount close of period, building and improvements	11,811
Total	21,208
Accumulated Depreciation	1,836
Operating Properties | Cobblestone Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,374
Initial cost, building & improvements	44,270
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,637
Gross carrying amount close of period, land	10,374
Gross carrying amount close of period, building and improvements	47,907
Total	58,281
Accumulated Depreciation	17,911
Operating Properties | Colleyville Downs
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,446
Initial cost, building & improvements	38,307
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,921
Gross carrying amount close of period, land	5,446
Gross carrying amount close of period, building and improvements	41,228
Total	46,674
Accumulated Depreciation	19,894
Operating Properties | Colonial Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,521
Initial cost, building & improvements	18,507
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,093
Gross carrying amount close of period, land	7,521
Gross carrying amount close of period, building and improvements	21,600
Total	29,121
Accumulated Depreciation	7,345
Operating Properties | Colony Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,300
Initial cost, building & improvements	18,784
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	711
Gross carrying amount close of period, land	20,300
Gross carrying amount close of period, building and improvements	19,495
Total	39,795
Accumulated Depreciation	3,552
Operating Properties | Commons at Temecula
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,966
Initial cost, building & improvements	44,255
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	319
Gross carrying amount close of period, land	18,966
Gross carrying amount close of period, building and improvements	44,575
Total	63,541
Accumulated Depreciation	7,233
Operating Properties | Cool Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,062
Initial cost, building & improvements	12,514
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,662
Gross carrying amount close of period, land	6,062
Gross carrying amount close of period, building and improvements	20,176
Total	26,238
Accumulated Depreciation	8,759
Operating Properties | Cool Springs Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,444
Initial cost, building & improvements	22,621
Cost capitalized subsequent to acquisition/development, land	40
Cost capitalized subsequent to acquisition/development, building and improvements	7,312
Gross carrying amount close of period, land	12,484
Gross carrying amount close of period, building and improvements	29,933
Total	42,417
Accumulated Depreciation	14,961
Operating Properties | Coppell Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,052
Initial cost, building & improvements	11,252
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	555
Gross carrying amount close of period, land	5,052
Gross carrying amount close of period, building and improvements	11,807
Total	16,859
Accumulated Depreciation	1,794
Operating Properties | Coram Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,992
Initial cost, building & improvements	22,995
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	295
Gross carrying amount close of period, land	6,992
Gross carrying amount close of period, building and improvements	23,290
Total	30,282
Accumulated Depreciation	3,106
Operating Properties | Crossing at Killingly Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,999
Initial cost, building & improvements	29,722
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,140
Gross carrying amount close of period, land	21,999
Gross carrying amount close of period, building and improvements	30,862
Total	52,861
Accumulated Depreciation	9,494
Operating Properties | Cypress Mill Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,320
Initial cost, building & improvements	10,064
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	339
Gross carrying amount close of period, land	6,320
Gross carrying amount close of period, building and improvements	10,403
Total	16,723
Accumulated Depreciation	1,466
Operating Properties | Davis Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	995
Initial cost, building & improvements	8,951
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	129
Gross carrying amount close of period, land	995
Gross carrying amount close of period, building and improvements	9,079
Total	10,074
Accumulated Depreciation	1,204
Operating Properties | Delray Marketplace
Real Estate Properties [Line Items]
Encumbrances	17,000
Initial cost, land	18,750
Initial cost, building & improvements	85,093
Cost capitalized subsequent to acquisition/development, land	1,284
Cost capitalized subsequent to acquisition/development, building and improvements	9,543
Gross carrying amount close of period, land	20,034
Gross carrying amount close of period, building and improvements	94,636
Total	114,670
Accumulated Depreciation	32,525
Operating Properties | Denton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,257
Initial cost, building & improvements	38,963
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,345
Gross carrying amount close of period, land	8,257
Gross carrying amount close of period, building and improvements	43,308
Total	51,565
Accumulated Depreciation	5,967
Operating Properties | De Pauw University Bookstore & Cafe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	64
Initial cost, building & improvements	663
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	45
Gross carrying amount close of period, land	64
Gross carrying amount close of period, building and improvements	708
Total	772
Accumulated Depreciation	559
Operating Properties | Downtown Crown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	25,759
Initial cost, building & improvements	77,035
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,081
Gross carrying amount close of period, land	25,759
Gross carrying amount close of period, building and improvements	80,116
Total	105,875
Accumulated Depreciation	7,173
Operating Properties | Draper Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,054
Initial cost, building & improvements	27,063
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,240
Gross carrying amount close of period, land	9,054
Gross carrying amount close of period, building and improvements	29,304
Total	38,358
Accumulated Depreciation	12,001
Operating Properties | Draper Peaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,498
Initial cost, building & improvements	46,845
Cost capitalized subsequent to acquisition/development, land	522
Cost capitalized subsequent to acquisition/development, building and improvements	6,569
Gross carrying amount close of period, land	12,020
Gross carrying amount close of period, building and improvements	53,415
Total	65,435
Accumulated Depreciation	17,304
Operating Properties | East Stone Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,766
Initial cost, building & improvements	21,634
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	149
Gross carrying amount close of period, land	3,766
Gross carrying amount close of period, building and improvements	21,784
Total	25,550
Accumulated Depreciation	3,045
Operating Properties | Eastern Beltway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,221
Initial cost, building & improvements	45,569
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,728
Gross carrying amount close of period, land	23,221
Gross carrying amount close of period, building and improvements	54,297
Total	77,518
Accumulated Depreciation	17,900
Operating Properties | Eastgate Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,244
Initial cost, building & improvements	58,669
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,613
Gross carrying amount close of period, land	4,244
Gross carrying amount close of period, building and improvements	64,282
Total	68,526
Accumulated Depreciation	7,007
Operating Properties | Eastgate Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,026
Initial cost, building & improvements	18,269
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,245
Gross carrying amount close of period, land	8,026
Gross carrying amount close of period, building and improvements	20,514
Total	28,540
Accumulated Depreciation	10,088
Operating Properties | Eastwood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,242
Initial cost, building & improvements	55,945
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,322
Gross carrying amount close of period, land	3,242
Gross carrying amount close of period, building and improvements	60,268
Total	63,510
Accumulated Depreciation	8,602
Operating Properties | Eddy Street Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,956
Initial cost, building & improvements	48,285
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,946
Gross carrying amount close of period, land	1,956
Gross carrying amount close of period, building and improvements	53,230
Total	55,186
Accumulated Depreciation	17,347
Operating Properties | Edwards Multiplex
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,583
Initial cost, building & improvements	28,710
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	23
Gross carrying amount close of period, land	22,583
Gross carrying amount close of period, building and improvements	28,734
Total	51,317
Accumulated Depreciation	4,794
Operating Properties | Estero Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,458
Initial cost, building & improvements	9,927
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	992
Gross carrying amount close of period, land	8,458
Gross carrying amount close of period, building and improvements	10,919
Total	19,377
Accumulated Depreciation	5,141
Operating Properties | Fairgrounds Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,690
Initial cost, building & improvements	15,249
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	94
Gross carrying amount close of period, land	12,690
Gross carrying amount close of period, building and improvements	15,343
Total	28,033
Accumulated Depreciation	2,077
Operating Properties | Fishers Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,008
Initial cost, building & improvements	13,028
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	302
Gross carrying amount close of period, land	4,008
Gross carrying amount close of period, building and improvements	13,330
Total	17,338
Accumulated Depreciation	4,756
Operating Properties | Fordham Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	41,993
Initial cost, building & improvements	102,435
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	637
Gross carrying amount close of period, land	41,993
Gross carrying amount close of period, building and improvements	103,072
Total	145,065
Accumulated Depreciation	11,163
Operating Properties | Fort Evans Plaza II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,110
Initial cost, building & improvements	39,197
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,506
Gross carrying amount close of period, land	14,110
Gross carrying amount close of period, building and improvements	42,703
Total	56,813
Accumulated Depreciation	4,817
Operating Properties | Fullerton Metrocenter
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	55,794
Initial cost, building & improvements	42,865
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,628
Gross carrying amount close of period, land	55,794
Gross carrying amount close of period, building and improvements	46,493
Total	102,287
Accumulated Depreciation	7,171
Operating Properties | Galvez Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	494
Initial cost, building & improvements	4,962
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	250
Gross carrying amount close of period, land	494
Gross carrying amount close of period, building and improvements	5,212
Total	5,706
Accumulated Depreciation	688
Operating Properties | Gardiner Manor Mall
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,521
Initial cost, building & improvements	20,049
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	628
Gross carrying amount close of period, land	29,521
Gross carrying amount close of period, building and improvements	20,677
Total	50,198
Accumulated Depreciation	3,562
Operating Properties | Gateway Pavillions
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	44,167
Initial cost, building & improvements	10,282
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,089
Gross carrying amount close of period, land	44,167
Gross carrying amount close of period, building and improvements	11,371
Total	55,538
Accumulated Depreciation	2,735
Operating Properties | Gateway Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,608
Initial cost, building & improvements	22,055
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,464
Gross carrying amount close of period, land	15,608
Gross carrying amount close of period, building and improvements	23,520
Total	39,128
Accumulated Depreciation	4,308
Operating Properties | Gateway Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,679
Initial cost, building & improvements	10,533
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	413
Gross carrying amount close of period, land	10,679
Gross carrying amount close of period, building and improvements	10,947
Total	21,626
Accumulated Depreciation	1,489
Operating Properties | Gateway Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,045
Initial cost, building & improvements	33,365
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	416
Gross carrying amount close of period, land	32,045
Gross carrying amount close of period, building and improvements	33,781
Total	65,826
Accumulated Depreciation	5,396
Operating Properties | Geist Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,368
Initial cost, building & improvements	7,219
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,825
Gross carrying amount close of period, land	1,368
Gross carrying amount close of period, building and improvements	10,044
Total	11,412
Accumulated Depreciation	5,098
Operating Properties | Gerry Centennial Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,448
Initial cost, building & improvements	9,721
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	211
Gross carrying amount close of period, land	3,448
Gross carrying amount close of period, building and improvements	9,932
Total	13,380
Accumulated Depreciation	1,368
Operating Properties | Glendale Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,494
Initial cost, building & improvements	41,779
Cost capitalized subsequent to acquisition/development, land	(187)
Cost capitalized subsequent to acquisition/development, building and improvements	20,108
Gross carrying amount close of period, land	1,307
Gross carrying amount close of period, building and improvements	61,887
Total	63,194
Accumulated Depreciation	35,467
Operating Properties | Grapevine Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,021
Initial cost, building & improvements	11,928
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	738
Gross carrying amount close of period, land	7,021
Gross carrying amount close of period, building and improvements	12,666
Total	19,687
Accumulated Depreciation	1,956
Operating Properties | Green's Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,716
Initial cost, building & improvements	13,739
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	145
Gross carrying amount close of period, land	4,716
Gross carrying amount close of period, building and improvements	13,884
Total	18,600
Accumulated Depreciation	2,152
Operating Properties | Greyhound Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,629
Initial cost, building & improvements	794
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,619
Gross carrying amount close of period, land	2,629
Gross carrying amount close of period, building and improvements	3,413
Total	6,042
Accumulated Depreciation	1,189
Operating Properties | Gurnee Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,348
Initial cost, building & improvements	20,575
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	346
Gross carrying amount close of period, land	7,348
Gross carrying amount close of period, building and improvements	20,922
Total	28,270
Accumulated Depreciation	3,247
Operating Properties | Henry Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,446
Initial cost, building & improvements	49,690
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	950
Gross carrying amount close of period, land	9,446
Gross carrying amount close of period, building and improvements	50,639
Total	60,085
Accumulated Depreciation	7,979
Operating Properties | Heritage Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,373
Initial cost, building & improvements	16,167
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	489
Gross carrying amount close of period, land	11,373
Gross carrying amount close of period, building and improvements	16,656
Total	28,029
Accumulated Depreciation	2,582
Operating Properties | Heritage Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,720
Initial cost, building & improvements	14,753
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	333
Gross carrying amount close of period, land	5,720
Gross carrying amount close of period, building and improvements	15,086
Total	20,806
Accumulated Depreciation	2,176
Operating Properties | Holly Springs Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,324
Initial cost, building & improvements	93,387
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,962
Gross carrying amount close of period, land	22,324
Gross carrying amount close of period, building and improvements	101,350
Total	123,674
Accumulated Depreciation	29,599
Operating Properties | Home Depot Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	20,122
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	444
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	20,566
Total	20,566
Accumulated Depreciation	3,021
Operating Properties | Huebner Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,423
Initial cost, building & improvements	35,847
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	666
Gross carrying amount close of period, land	19,423
Gross carrying amount close of period, building and improvements	36,513
Total	55,936
Accumulated Depreciation	4,875
Operating Properties | Humblewood Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,921
Initial cost, building & improvements	10,873
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	460
Gross carrying amount close of period, land	3,921
Gross carrying amount close of period, building and improvements	11,332
Total	15,253
Accumulated Depreciation	1,592
Operating Properties | Hunter's Creek Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,017
Initial cost, building & improvements	12,610
Cost capitalized subsequent to acquisition/development, land	179
Cost capitalized subsequent to acquisition/development, building and improvements	1,935
Gross carrying amount close of period, land	8,196
Gross carrying amount close of period, building and improvements	14,545
Total	22,741
Accumulated Depreciation	5,402
Operating Properties | Indian River Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,000
Initial cost, building & improvements	5,971
Cost capitalized subsequent to acquisition/development, land	1,100
Cost capitalized subsequent to acquisition/development, building and improvements	5,859
Gross carrying amount close of period, land	5,100
Gross carrying amount close of period, building and improvements	11,830
Total	16,930
Accumulated Depreciation	4,216
Operating Properties | International Speedway Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,157
Initial cost, building & improvements	12,021
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,816
Gross carrying amount close of period, land	7,157
Gross carrying amount close of period, building and improvements	20,837
Total	27,994
Accumulated Depreciation	12,933
Operating Properties | Jefferson Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,356
Initial cost, building & improvements	19,977
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,094
Gross carrying amount close of period, land	23,356
Gross carrying amount close of period, building and improvements	22,071
Total	45,427
Accumulated Depreciation	3,611
Operating Properties | John's Creek Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,668
Initial cost, building & improvements	39,592
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,099
Gross carrying amount close of period, land	7,668
Gross carrying amount close of period, building and improvements	40,691
Total	48,359
Accumulated Depreciation	5,511
Operating Properties | King's Lake Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,519
Initial cost, building & improvements	12,322
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,893
Gross carrying amount close of period, land	4,519
Gross carrying amount close of period, building and improvements	14,216
Total	18,735
Accumulated Depreciation	7,392
Operating Properties | La Plaza Del Norte
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,113
Initial cost, building & improvements	32,729
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	420
Gross carrying amount close of period, land	18,113
Gross carrying amount close of period, building and improvements	33,149
Total	51,262
Accumulated Depreciation	5,256
Operating Properties | Lake City Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,693
Initial cost, building & improvements	11,372
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	220
Gross carrying amount close of period, land	4,693
Gross carrying amount close of period, building and improvements	11,593
Total	16,286
Accumulated Depreciation	3,843
Operating Properties | Lake Mary Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,413
Initial cost, building & improvements	8,537
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	291
Gross carrying amount close of period, land	1,413
Gross carrying amount close of period, building and improvements	8,828
Total	10,241
Accumulated Depreciation	2,782
Operating Properties | Lake Worth Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,228
Initial cost, building & improvements	28,752
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	180
Gross carrying amount close of period, land	6,228
Gross carrying amount close of period, building and improvements	28,932
Total	35,160
Accumulated Depreciation	3,826
Operating Properties | Lakewood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,864
Initial cost, building & improvements	30,955
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,616
Gross carrying amount close of period, land	32,864
Gross carrying amount close of period, building and improvements	32,572
Total	65,436
Accumulated Depreciation	5,218
Operating Properties | Lincoln Park
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,757
Initial cost, building & improvements	40,069
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,210
Gross carrying amount close of period, land	14,757
Gross carrying amount close of period, building and improvements	41,279
Total	56,036
Accumulated Depreciation	6,292
Operating Properties | Lincoln Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,239
Initial cost, building & improvements	38,288
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,669
Gross carrying amount close of period, land	6,239
Gross carrying amount close of period, building and improvements	43,957
Total	50,196
Accumulated Depreciation	6,657
Operating Properties | Lithia Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,065
Initial cost, building & improvements	9,830
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,622
Gross carrying amount close of period, land	3,065
Gross carrying amount close of period, building and improvements	13,452
Total	16,517
Accumulated Depreciation	6,585
Operating Properties | Lowe's Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,894
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	41
Gross carrying amount close of period, land	19,894
Gross carrying amount close of period, building and improvements	41
Total	19,935
Accumulated Depreciation	0
Operating Properties | MacArthur Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,190
Initial cost, building & improvements	31,262
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,848
Gross carrying amount close of period, land	11,190
Gross carrying amount close of period, building and improvements	33,110
Total	44,300
Accumulated Depreciation	3,629
Operating Properties | Main Street Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,630
Initial cost, building & improvements	60,806
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	921
Gross carrying amount close of period, land	2,630
Gross carrying amount close of period, building and improvements	61,727
Total	64,357
Accumulated Depreciation	5,629
Operating Properties | Manchester Meadows
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,788
Initial cost, building & improvements	30,402
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	135
Gross carrying amount close of period, land	10,788
Gross carrying amount close of period, building and improvements	30,537
Total	41,325
Accumulated Depreciation	5,906
Operating Properties | Mansfield Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,966
Initial cost, building & improvements	14,286
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	713
Gross carrying amount close of period, land	2,966
Gross carrying amount close of period, building and improvements	14,998
Total	17,964
Accumulated Depreciation	2,066
Operating Properties | Market Street Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,764
Initial cost, building & improvements	16,360
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,515
Gross carrying amount close of period, land	9,764
Gross carrying amount close of period, building and improvements	20,875
Total	30,639
Accumulated Depreciation	10,799
Operating Properties | Merrifield Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,186
Initial cost, building & improvements	41,073
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,529
Gross carrying amount close of period, land	5,186
Gross carrying amount close of period, building and improvements	42,602
Total	47,788
Accumulated Depreciation	4,396
Operating Properties | Merrifield Town Center II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,614
Initial cost, building & improvements	23,042
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	159
Gross carrying amount close of period, land	19,614
Gross carrying amount close of period, building and improvements	23,201
Total	42,815
Accumulated Depreciation	2,552
Operating Properties | Miramar Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	26,492
Initial cost, building & improvements	30,696
Cost capitalized subsequent to acquisition/development, land	389
Cost capitalized subsequent to acquisition/development, building and improvements	10,134
Gross carrying amount close of period, land	26,880
Gross carrying amount close of period, building and improvements	40,830
Total	67,710
Accumulated Depreciation	12,265
Operating Properties | Mullins Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,582
Initial cost, building & improvements	38,715
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,965
Gross carrying amount close of period, land	10,582
Gross carrying amount close of period, building and improvements	45,681
Total	56,263
Accumulated Depreciation	16,344
Operating Properties | Naperville Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,364
Initial cost, building & improvements	11,377
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	270
Gross carrying amount close of period, land	5,364
Gross carrying amount close of period, building and improvements	11,647
Total	17,011
Accumulated Depreciation	5,277
Operating Properties | New Forest Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,175
Initial cost, building & improvements	11,976
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	315
Gross carrying amount close of period, land	7,175
Gross carrying amount close of period, building and improvements	12,291
Total	19,466
Accumulated Depreciation	1,826
Operating Properties | New Hyde Park Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,792
Initial cost, building & improvements	9,766
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	606
Gross carrying amount close of period, land	10,792
Gross carrying amount close of period, building and improvements	10,373
Total	21,165
Accumulated Depreciation	1,197
Operating Properties | Newnan Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,616
Initial cost, building & improvements	41,017
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,118
Gross carrying amount close of period, land	6,616
Gross carrying amount close of period, building and improvements	42,135
Total	48,751
Accumulated Depreciation	7,045
Operating Properties | Newton Crossroads
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,004
Initial cost, building & improvements	10,758
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	116
Gross carrying amount close of period, land	1,004
Gross carrying amount close of period, building and improvements	10,874
Total	11,878
Accumulated Depreciation	1,663
Operating Properties | Nora Plaza
Real Estate Properties [Line Items]
Encumbrances	3,333
Initial cost, land	3,790
Initial cost, building & improvements	19,938
Cost capitalized subsequent to acquisition/development, land	5,002
Cost capitalized subsequent to acquisition/development, building and improvements	20,680
Gross carrying amount close of period, land	8,792
Gross carrying amount close of period, building and improvements	40,618
Total	49,410
Accumulated Depreciation	5,997
Operating Properties | North Benson Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,632
Initial cost, building & improvements	9,847
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	397
Gross carrying amount close of period, land	16,632
Gross carrying amount close of period, building and improvements	10,244
Total	26,876
Accumulated Depreciation	1,753
Operating Properties | Northcrest Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,044
Initial cost, building & improvements	33,920
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,215
Gross carrying amount close of period, land	4,044
Gross carrying amount close of period, building and improvements	35,136
Total	39,180
Accumulated Depreciation	12,212
Operating Properties | Northdale Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,718
Initial cost, building & improvements	27,481
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(203)
Gross carrying amount close of period, land	1,718
Gross carrying amount close of period, building and improvements	27,278
Total	28,996
Accumulated Depreciation	17,284
Operating Properties | Northgate North
Real Estate Properties [Line Items]
Encumbrances	22,361
Initial cost, land	20,063
Initial cost, building & improvements	48,698
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,609
Gross carrying amount close of period, land	20,063
Gross carrying amount close of period, building and improvements	51,307
Total	71,370
Accumulated Depreciation	8,062
Operating Properties | Northpointe Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,964
Initial cost, building & improvements	35,447
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	889
Gross carrying amount close of period, land	15,964
Gross carrying amount close of period, building and improvements	36,336
Total	52,300
Accumulated Depreciation	5,412
Operating Properties | Oak Brook Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,753
Initial cost, building & improvements	48,640
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,744
Gross carrying amount close of period, land	6,753
Gross carrying amount close of period, building and improvements	52,383
Total	59,136
Accumulated Depreciation	6,493
Operating Properties | Oleander Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	847
Initial cost, building & improvements	5,546
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	239
Gross carrying amount close of period, land	847
Gross carrying amount close of period, building and improvements	5,785
Total	6,632
Accumulated Depreciation	3,069
Operating Properties | One Loudoun Downtown
Real Estate Properties [Line Items]
Encumbrances	95,095
Initial cost, land	74,400
Initial cost, building & improvements	235,487
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,415
Gross carrying amount close of period, land	74,400
Gross carrying amount close of period, building and improvements	239,902
Total	314,302
Accumulated Depreciation	23,341
Operating Properties | Oswego Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,746
Initial cost, building & improvements	8,220
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,824
Gross carrying amount close of period, land	5,746
Gross carrying amount close of period, building and improvements	10,044
Total	15,790
Accumulated Depreciation	1,519
Operating Properties | Palms Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,049
Initial cost, building & improvements	24,389
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	676
Gross carrying amount close of period, land	12,049
Gross carrying amount close of period, building and improvements	25,065
Total	37,114
Accumulated Depreciation	2,673
Operating Properties | Paradise Valley Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,889
Initial cost, building & improvements	35,794
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	178
Gross carrying amount close of period, land	6,889
Gross carrying amount close of period, building and improvements	35,971
Total	42,860
Accumulated Depreciation	5,101
Operating Properties | Parkside Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,796
Initial cost, building & improvements	107,887
Cost capitalized subsequent to acquisition/development, land	(60)
Cost capitalized subsequent to acquisition/development, building and improvements	11,043
Gross carrying amount close of period, land	21,736
Gross carrying amount close of period, building and improvements	118,930
Total	140,666
Accumulated Depreciation	39,826
Operating Properties | Parkway Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,099
Initial cost, building & improvements	28,436
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	461
Gross carrying amount close of period, land	15,099
Gross carrying amount close of period, building and improvements	28,897
Total	43,996
Accumulated Depreciation	3,300
Operating Properties | Pavilion at King's Grant
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,086
Initial cost, building & improvements	39,781
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,918
Gross carrying amount close of period, land	5,086
Gross carrying amount close of period, building and improvements	41,700
Total	46,786
Accumulated Depreciation	6,674
Operating Properties | Pebble Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,504
Initial cost, building & improvements	34,448
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	572
Gross carrying amount close of period, land	7,504
Gross carrying amount close of period, building and improvements	35,020
Total	42,524
Accumulated Depreciation	2,361
Operating Properties | Pelham Manor Shopping Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	42,224
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	238
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	42,462
Total	42,462
Accumulated Depreciation	4,726
Operating Properties | Peoria Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,879
Initial cost, building & improvements	16,215
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,214
Gross carrying amount close of period, land	18,879
Gross carrying amount close of period, building and improvements	17,429
Total	36,308
Accumulated Depreciation	3,039
Operating Properties | Perimeter Woods
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,893
Initial cost, building & improvements	27,245
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,948
Gross carrying amount close of period, land	6,893
Gross carrying amount close of period, building and improvements	29,193
Total	36,086
Accumulated Depreciation	10,143
Operating Properties | Pine Ridge Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,640
Initial cost, building & improvements	16,326
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,643
Gross carrying amount close of period, land	5,640
Gross carrying amount close of period, building and improvements	21,969
Total	27,609
Accumulated Depreciation	10,329
Operating Properties | Plaza at Cedar Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,782
Initial cost, building & improvements	33,810
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	17,621
Gross carrying amount close of period, land	5,782
Gross carrying amount close of period, building and improvements	51,431
Total	57,213
Accumulated Depreciation	25,381
Operating Properties | Plaza at Marysville
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,710
Initial cost, building & improvements	18,444
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	205
Gross carrying amount close of period, land	6,710
Gross carrying amount close of period, building and improvements	18,649
Total	25,359
Accumulated Depreciation	2,966
Operating Properties | Pleasant Hill Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,350
Initial cost, building & improvements	10,064
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(376)
Gross carrying amount close of period, land	3,350
Gross carrying amount close of period, building and improvements	9,687
Total	13,037
Accumulated Depreciation	3,236
Operating Properties | Pleasant Run Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,465
Initial cost, building & improvements	24,889
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,402
Gross carrying amount close of period, land	4,465
Gross carrying amount close of period, building and improvements	26,291
Total	30,756
Accumulated Depreciation	3,817
Operating Properties | Portofino Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,721
Initial cost, building & improvements	75,005
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	20,490
Gross carrying amount close of period, land	4,721
Gross carrying amount close of period, building and improvements	95,494
Total	100,215
Accumulated Depreciation	40,569
Operating Properties | Prestonwood Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,282
Initial cost, building & improvements	61,305
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	14,282
Gross carrying amount close of period, building and improvements	61,305
Total	75,587
Accumulated Depreciation	772
Operating Properties | Publix at Woodruff
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,783
Initial cost, building & improvements	6,346
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,009
Gross carrying amount close of period, land	1,783
Gross carrying amount close of period, building and improvements	7,355
Total	9,138
Accumulated Depreciation	5,038
Operating Properties | Rampart Commons
Real Estate Properties [Line Items]
Encumbrances	6,529
Initial cost, land	1,136
Initial cost, building & improvements	42,174
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,066
Gross carrying amount close of period, land	1,136
Gross carrying amount close of period, building and improvements	43,239
Total	44,375
Accumulated Depreciation	17,875
Operating Properties | Rangeline Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,981
Initial cost, building & improvements	17,459
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,688
Gross carrying amount close of period, land	1,981
Gross carrying amount close of period, building and improvements	21,147
Total	23,128
Accumulated Depreciation	8,106
Operating Properties | Riverchase Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,889
Initial cost, building & improvements	11,226
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,252
Gross carrying amount close of period, land	3,889
Gross carrying amount close of period, building and improvements	12,478
Total	16,367
Accumulated Depreciation	6,391
Operating Properties | Rivers Edge
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,647
Initial cost, building & improvements	28,778
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,993
Gross carrying amount close of period, land	5,647
Gross carrying amount close of period, building and improvements	30,771
Total	36,418
Accumulated Depreciation	11,361
Operating Properties | Rivery Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,230
Initial cost, building & improvements	2,291
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,020
Gross carrying amount close of period, land	5,230
Gross carrying amount close of period, building and improvements	3,311
Total	8,541
Accumulated Depreciation	566
Operating Properties | Royal Oaks Village II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,462
Initial cost, building & improvements	9,092
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	762
Gross carrying amount close of period, land	3,462
Gross carrying amount close of period, building and improvements	9,854
Total	13,316
Accumulated Depreciation	1,425
Operating Properties | Sawyer Heights Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,720
Initial cost, building & improvements	19,565
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	62
Gross carrying amount close of period, land	18,720
Gross carrying amount close of period, building and improvements	19,627
Total	38,347
Accumulated Depreciation	2,381
Operating Properties | Saxon Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,764
Initial cost, building & improvements	15,430
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	912
Gross carrying amount close of period, land	3,764
Gross carrying amount close of period, building and improvements	16,342
Total	20,106
Accumulated Depreciation	5,551
Operating Properties | Shoppes at Hagerstown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,796
Initial cost, building & improvements	15,899
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	641
Gross carrying amount close of period, land	6,796
Gross carrying amount close of period, building and improvements	16,540
Total	23,336
Accumulated Depreciation	1,871
Operating Properties | Shoppes at Plaza Green
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,749
Initial cost, building & improvements	20,889
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,586
Gross carrying amount close of period, land	3,749
Gross carrying amount close of period, building and improvements	23,475
Total	27,224
Accumulated Depreciation	9,828
Operating Properties | Shoppes at Quarterfield
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,105
Initial cost, building & improvements	8,708
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	645
Gross carrying amount close of period, land	4,105
Gross carrying amount close of period, building and improvements	9,352
Total	13,457
Accumulated Depreciation	688
Operating Properties | Shoppes of Eastwood
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,688
Initial cost, building & improvements	8,911
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,050
Gross carrying amount close of period, land	1,688
Gross carrying amount close of period, building and improvements	9,961
Total	11,649
Accumulated Depreciation	5,162
Operating Properties | Shoppes of New Hope
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,107
Initial cost, building & improvements	10,750
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	34
Gross carrying amount close of period, land	2,107
Gross carrying amount close of period, building and improvements	10,784
Total	12,891
Accumulated Depreciation	1,485
Operating Properties | Shoppes of Prominence Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,945
Initial cost, building & improvements	11,408
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	164
Gross carrying amount close of period, land	2,945
Gross carrying amount close of period, building and improvements	11,572
Total	14,517
Accumulated Depreciation	1,772
Operating Properties | Shops at Eagle Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,121
Initial cost, building & improvements	8,093
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,456
Gross carrying amount close of period, land	2,121
Gross carrying amount close of period, building and improvements	12,549
Total	14,670
Accumulated Depreciation	6,430
Operating Properties | Shops at Forest Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,616
Initial cost, building & improvements	9,345
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	553
Gross carrying amount close of period, land	1,616
Gross carrying amount close of period, building and improvements	9,898
Total	11,514
Accumulated Depreciation	1,411
Operating Properties | Shops at Julington Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,372
Initial cost, building & improvements	7,300
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	346
Gross carrying amount close of period, land	2,372
Gross carrying amount close of period, building and improvements	7,646
Total	10,018
Accumulated Depreciation	2,296
Operating Properties | Shops at Moore
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,284
Initial cost, building & improvements	23,659
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,085
Gross carrying amount close of period, land	6,284
Gross carrying amount close of period, building and improvements	26,744
Total	33,028
Accumulated Depreciation	8,271
Operating Properties | Shops at Park Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,042
Initial cost, building & improvements	18,358
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	50
Gross carrying amount close of period, land	8,042
Gross carrying amount close of period, building and improvements	18,408
Total	26,450
Accumulated Depreciation	2,862
Operating Properties | Silver Springs Pointe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,580
Initial cost, building & improvements	4,947
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	554
Gross carrying amount close of period, land	7,580
Gross carrying amount close of period, building and improvements	5,501
Total	13,081
Accumulated Depreciation	2,359
Operating Properties | Southlake Corners
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,998
Initial cost, building & improvements	16,576
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	296
Gross carrying amount close of period, land	7,998
Gross carrying amount close of period, building and improvements	16,873
Total	24,871
Accumulated Depreciation	2,788
Operating Properties | Southlake Town Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,534
Initial cost, building & improvements	322,105
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	15,694
Gross carrying amount close of period, land	19,534
Gross carrying amount close of period, building and improvements	337,798
Total	357,332
Accumulated Depreciation	50,640
Operating Properties | Stilesboro Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,712
Initial cost, building & improvements	11,353
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	63
Gross carrying amount close of period, land	3,712
Gross carrying amount close of period, building and improvements	11,416
Total	15,128
Accumulated Depreciation	1,799
Operating Properties | Stonebridge Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,923
Initial cost, building & improvements	7,923
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	18
Gross carrying amount close of period, land	1,923
Gross carrying amount close of period, building and improvements	7,941
Total	9,864
Accumulated Depreciation	1,199
Operating Properties | Stoney Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	628
Initial cost, building & improvements	3,700
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,913
Gross carrying amount close of period, land	628
Gross carrying amount close of period, building and improvements	9,613
Total	10,241
Accumulated Depreciation	5,579
Operating Properties | Sunland Towne Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,774
Initial cost, building & improvements	22,247
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,734
Gross carrying amount close of period, land	14,774
Gross carrying amount close of period, building and improvements	26,981
Total	41,755
Accumulated Depreciation	13,769
Operating Properties | Tacoma South
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	30,058
Initial cost, building & improvements	3,334
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,245
Gross carrying amount close of period, land	30,058
Gross carrying amount close of period, building and improvements	4,579
Total	34,637
Accumulated Depreciation	581
Operating Properties | Target South Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,581
Initial cost, building & improvements	9,553
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	108
Gross carrying amount close of period, land	2,581
Gross carrying amount close of period, building and improvements	9,661
Total	12,242
Accumulated Depreciation	1,467
Operating Properties | Tarpon Bay Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,855
Initial cost, building & improvements	23,796
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,161
Gross carrying amount close of period, land	3,855
Gross carrying amount close of period, building and improvements	26,957
Total	30,812
Accumulated Depreciation	10,968
Operating Properties | The Brickyard
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,389
Initial cost, building & improvements	19,595
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,550
Gross carrying amount close of period, land	29,389
Gross carrying amount close of period, building and improvements	24,145
Total	53,534
Accumulated Depreciation	3,602
Operating Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,772
Initial cost, building & improvements	23,437
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	271
Gross carrying amount close of period, land	3,772
Gross carrying amount close of period, building and improvements	23,708
Total	27,480
Accumulated Depreciation	6,723
Operating Properties | The Landing at Tradition
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	17,605
Initial cost, building & improvements	45,912
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	21,690
Gross carrying amount close of period, land	17,605
Gross carrying amount close of period, building and improvements	67,602
Total	85,207
Accumulated Depreciation	17,125
Operating Properties | The Shoppes at Union Hill
Real Estate Properties [Line Items]
Encumbrances	8,988
Initial cost, land	9,876
Initial cost, building & improvements	46,328
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,192
Gross carrying amount close of period, land	9,876
Gross carrying amount close of period, building and improvements	47,519
Total	57,395
Accumulated Depreciation	6,373
Operating Properties | The Shops at Legacy
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,864
Initial cost, building & improvements	119,439
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	9,700
Gross carrying amount close of period, land	14,864
Gross carrying amount close of period, building and improvements	129,139
Total	144,003
Accumulated Depreciation	17,638
Operating Properties | Tollgate Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,963
Initial cost, building & improvements	65,450
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	13,715
Gross carrying amount close of period, land	11,963
Gross carrying amount close of period, building and improvements	79,165
Total	91,128
Accumulated Depreciation	10,759
Operating Properties | Toringdon Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,448
Initial cost, building & improvements	9,325
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	601
Gross carrying amount close of period, land	5,448
Gross carrying amount close of period, building and improvements	9,926
Total	15,374
Accumulated Depreciation	3,890
Operating Properties | Towson Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,412
Initial cost, building & improvements	27,173
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	38
Gross carrying amount close of period, land	1,412
Gross carrying amount close of period, building and improvements	27,211
Total	28,623
Accumulated Depreciation	2,939
Operating Properties | Traders Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,135
Initial cost, building & improvements	42,153
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,997
Gross carrying amount close of period, land	11,135
Gross carrying amount close of period, building and improvements	45,150
Total	56,285
Accumulated Depreciation	26,481
Operating Properties | Tradition Village Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,140
Initial cost, building & improvements	14,741
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,314
Gross carrying amount close of period, land	3,140
Gross carrying amount close of period, building and improvements	16,055
Total	19,195
Accumulated Depreciation	5,919
Operating Properties | Tysons Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,334
Initial cost, building & improvements	10,483
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	141
Gross carrying amount close of period, land	13,334
Gross carrying amount close of period, building and improvements	10,623
Total	23,957
Accumulated Depreciation	1,079
Operating Properties | Village Shoppes at Simonton
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,627
Initial cost, building & improvements	11,928
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	92
Gross carrying amount close of period, land	1,627
Gross carrying amount close of period, building and improvements	12,020
Total	13,647
Accumulated Depreciation	1,734
Operating Properties | Walter's Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,056
Initial cost, building & improvements	20,699
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,258
Gross carrying amount close of period, land	13,056
Gross carrying amount close of period, building and improvements	24,957
Total	38,013
Accumulated Depreciation	2,962
Operating Properties | Watauga Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,511
Initial cost, building & improvements	24,145
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	247
Gross carrying amount close of period, land	5,511
Gross carrying amount close of period, building and improvements	24,392
Total	29,903
Accumulated Depreciation	3,422
Operating Properties | Waterford Lakes Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,317
Initial cost, building & improvements	1,873
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	11,158
Gross carrying amount close of period, land	2,317
Gross carrying amount close of period, building and improvements	13,031
Total	15,348
Accumulated Depreciation	1,554
Operating Properties | Waxahachie Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,411
Initial cost, building & improvements	15,698
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(257)
Gross carrying amount close of period, land	1,411
Gross carrying amount close of period, building and improvements	15,441
Total	16,852
Accumulated Depreciation	4,703
Operating Properties | Westbury Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,540
Initial cost, building & improvements	12,866
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	131
Gross carrying amount close of period, land	4,540
Gross carrying amount close of period, building and improvements	12,998
Total	17,538
Accumulated Depreciation	1,850
Operating Properties | Winchester Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,119
Initial cost, building & improvements	9,560
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	37
Gross carrying amount close of period, land	2,119
Gross carrying amount close of period, building and improvements	9,597
Total	11,716
Accumulated Depreciation	1,632
Operating Properties | Woodinville Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	24,722
Initial cost, building & improvements	30,048
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,146
Gross carrying amount close of period, land	24,722
Gross carrying amount close of period, building and improvements	31,194
Total	55,916
Accumulated Depreciation	4,825
Office and Other Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,547
Initial cost, building & improvements	10,441
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	28,585
Gross carrying amount close of period, land	2,547
Gross carrying amount close of period, building and improvements	39,026
Total	41,573
Accumulated Depreciation	20,138
Office and Other Properties | Thirty South Meridian
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,643
Initial cost, building & improvements	8,131
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	26,303
Gross carrying amount close of period, land	1,643
Gross carrying amount close of period, building and improvements	34,435
Total	36,078
Accumulated Depreciation	17,911
Office and Other Properties | Union Station Parking Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	904
Initial cost, building & improvements	2,310
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,281
Gross carrying amount close of period, land	904
Gross carrying amount close of period, building and improvements	4,591
Total	5,495
Accumulated Depreciation	2,227
Development and Redevelopment Projects
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	124,205
Initial cost, building & improvements	41,754
Cost capitalized subsequent to acquisition/development, land	(107)
Cost capitalized subsequent to acquisition/development, building and improvements	851
Gross carrying amount close of period, land	124,098
Gross carrying amount close of period, building and improvements	42,605
Total	166,703
Accumulated Depreciation	631
Development and Redevelopment Projects | Carillon
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	28,239
Initial cost, building & improvements	39,737
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	28,239
Gross carrying amount close of period, building and improvements	39,737
Total	67,976
Accumulated Depreciation	631
Development and Redevelopment Projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,514
Initial cost, building & improvements	2,017
Cost capitalized subsequent to acquisition/development, land	(19)
Cost capitalized subsequent to acquisition/development, building and improvements	490
Gross carrying amount close of period, land	3,495
Gross carrying amount close of period, building and improvements	2,507
Total	6,002
Accumulated Depreciation	0
Development and Redevelopment Projects | One Loudoun – Uptown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	92,452
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	(88)
Cost capitalized subsequent to acquisition/development, building and improvements	111
Gross carrying amount close of period, land	92,363
Gross carrying amount close of period, building and improvements	111
Total	92,474
Accumulated Depreciation	0
Development and Redevelopment Projects | The Corner – IN
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	250
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	250
Total	250
Accumulated Depreciation	0
Other
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,780
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	74
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	5,854
Gross carrying amount close of period, building and improvements	0
Total	5,854
Accumulated Depreciation	0
Other | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	855
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	855
Gross carrying amount close of period, building and improvements	0
Total	855
Accumulated Depreciation	0
Other | KRG Development
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	0
Other | KRG New Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,092
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	74
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,166
Gross carrying amount close of period, building and improvements	0
Total	1,166
Accumulated Depreciation	0
Other | KRG Peakway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,833
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	3,833
Gross carrying amount close of period, building and improvements	0
Total	3,833
Accumulated Depreciation	0
Line of credit/Term loans/Unsecured notes
Real Estate Properties [Line Items]
Encumbrances	2,649,635
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	$ 0

Schedule III - Changes in Inves

Schedule III - Changes in Investment Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance as of January 1	$ 7,732,573	$ 7,584,735	$ 3,136,982
Acquisitions	75,587	99,064	15,263
Improvements	140,654	152,165	54,323
Disposals	(208,753)	(86,719)	(62,601)
Balance as of December 31	7,740,061	7,732,573	7,584,735
Federal income tax basis	8,000,000
Retail Properties of America, Inc.
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Acquisitions related to the RPAI merger	$ 0	$ (16,672)	$ 4,440,768

Schedule III - Reconciliation o

Schedule III - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance as of January 1	$ 1,161,148	$ 879,306	$ 750,119
Depreciation expense	317,593	318,809	154,519
Disposals	(96,971)	(36,967)	(25,332)
Balance as of December 31	$ 1,381,770	$ 1,161,148	$ 879,306
Buildings | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	20 years
Buildings | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	35 years
Building improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	10 years
Building improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	35 years
Furniture and fixtures | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	5 years
Furniture and fixtures | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	10 years