InvenTrust Properties (IVT) 10-K 14 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 01, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-40896
Entity Registrant Name	INVENTRUST PROPERTIES CORP.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	34-2019608
Entity Address, Address Line One	3025 Highland Parkway,
Entity Address, Address Line Two	Suite 350
Entity Address, City or Town	Downers Grove,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60515
City Area Code	(855)
Local Phone Number	377-0510
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	IVT
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			$ 1.6
Entity Common Stock, Shares Outstanding		67,807,831
Documents Incorporated by Reference	Part III incorporates by reference certain information that will be contained in InvenTrust Properties Corp.'s Proxy Statement relating to its 2023 Annual Meeting of Stockholders, which InvenTrust Properties Corp. intends to file no later than 120 days after the end of its fiscal year ended December 31, 2023, and thus these items have been omitted in accordance with General Instruction G(3) to Form 10-K.
Entity Central Index Key	0001307748
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	Chicago, Illinois

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment properties
Land	$ 694,668	$ 650,764
Building and other improvements	1,956,117	1,825,893
Construction in progress	5,889	5,005
Total	2,656,674	2,481,662
Less accumulated depreciation	(461,352)	(389,361)
Net investment properties	2,195,322	2,092,301
Cash, cash equivalents and restricted cash	99,763	137,762
Investment in unconsolidated entities	0	56,131
Intangible assets, net	114,485	101,167
Accounts and rents receivable	35,353	34,528
Deferred costs and other assets, net	42,408	51,145
Total assets	2,487,331	2,473,034
Liabilities
Debt, net	814,568	754,551
Accounts payable and accrued expenses	44,583	42,792
Distributions payable	14,594	13,837
Intangible liabilities, net	30,344	29,658
Other liabilities	29,198	28,287
Total liabilities	933,287	869,125
Commitments and contingencies
Stockholders' Equity
Preferred stock, $0.001 par value, 40,000,000 shares authorized, none outstanding	0	0
Common stock, $0.001 par value, 146,000,000 shares authorized, 67,807,831 shares issued and outstanding as of December 31, 2023 and 67,472,553 shares issued and outstanding as of December 31, 2022	68	67
Additional paid-in capital	5,468,728	5,456,968
Distributions in excess of accumulated net income	(3,932,826)	(3,879,847)
Accumulated comprehensive income	18,074	26,721
Total stockholders' equity	1,554,044	1,603,909
Total liabilities and stockholders' equity	$ 2,487,331	$ 2,473,034

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, number of shares authorized (in shares)	40,000,000	40,000,000
Preferred stock, number of shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	146,000,000	146,000,000
Common stock, number of shares issued (in shares)	67,807,831	67,472,553
Common stock, number of shares outstanding (in shares)	67,807,831	67,472,553

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income
Lease income, net	$ 257,146	$ 232,980	$ 207,350
Total income	258,676	236,707	211,979
Operating expenses
Depreciation and amortization	113,430	94,952	87,143
Property operating	42,832	40,239	32,788
Real estate taxes	34,809	32,925	31,312
General and administrative	31,797	33,342	38,192
Direct listing costs	0	0	19,769
Total operating expenses	222,868	201,458	209,204
Other (expense) income
Interest expense, net	(38,138)	(26,777)	(16,261)
Loss on extinguishment of debt	(15)	(181)	(400)
Gain on sale of investment properties, net	2,691	38,249	1,522
Equity in (losses) earnings of unconsolidated entities	(557)	3,663	6,398
Other income and expense, net	5,480	2,030	606
Total other (expense) income, net	(30,539)	16,984	(8,135)
Net income (loss)	$ 5,269	$ 52,233	$ (5,360)
Weighted-average common shares outstanding, basic (in shares)	67,531,898	67,406,233	71,072,933
Weighted-average common shares outstanding, diluted (in shares)	67,813,180	67,525,935	71,072,933
Net income (loss) per common share - basic (in dollars per share)	$ 0.08	$ 0.77	$ (0.08)
Net income (loss) per common share - diluted (in dollars per share)	0.08	0.77	(0.08)
Distributions declared per common share outstanding (in dollars per share)	0.86	0.82	0.78
Distributions paid per common share outstanding (in dollars per share)	$ 0.85	$ 0.82	$ 0.78
Comprehensive (loss) income
Net income	$ 5,269	$ 52,233	$ (5,360)
Unrealized gain on derivatives	6,228	32,052	3,795
Reclassification (to) from net income (loss)	(14,875)	(1,009)	4,332
Comprehensive (loss) income	(3,378)	83,276	2,767
Other property income
Income
Other income	1,450	1,161	1,087
Other fee income
Income
Other income	$ 80	$ 2,566	$ 3,542

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Net Income	Accumulated Comprehensive Income (Loss)
Balance beginning of period (in shares) at Dec. 31, 2020		71,998,654
Balance beginning of period at Dec. 31, 2020	$ 1,738,863	$ 72	$ 5,566,902	$ (3,815,662)	$ (12,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(5,360)			(5,360)
Unrealized gain (loss) on derivatives	3,795				3,795
Reclassification to (from) interest expense, net	4,198				4,198
Reclassification from equity in earnings (losses) of unconsolidated entities	134				134
Distributions declared	(55,721)			(55,721)
Stock-based compensation, net (in shares)		101,363
Stock-based compensation, net	5,659	$ 6	5,653
Repurchase of common stock under share repurchase plan (in shares)		(755,643)
Repurchase of common stock under share repurchase plan	(16,685)	$ (7)	(16,678)
Repurchase of common stock through tender offer (in shares)		(4,000,000)
Repurchase of common stock through tender offer	(103,331)	$ (4)	(103,327)
Balance end of period (in shares) at Dec. 31, 2021		67,344,374
Balance end of period at Dec. 31, 2021	1,571,552	$ 67	5,452,550	(3,876,743)	(4,322)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	52,233			52,233
Unrealized gain (loss) on derivatives	32,052				32,052
Reclassification to (from) interest expense, net	(405)				(405)
Reclassification from equity in earnings (losses) of unconsolidated entities	(604)				(604)
Distributions declared	(55,337)			(55,337)
Stock-based compensation, net (in shares)		128,179
Stock-based compensation, net	$ 4,418		4,418
Balance end of period (in shares) at Dec. 31, 2022	67,472,553	67,472,553
Balance end of period at Dec. 31, 2022	$ 1,603,909	$ 67	5,456,968	(3,879,847)	26,721
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	5,269			5,269
Unrealized gain (loss) on derivatives	6,228				6,228
Reclassification to (from) interest expense, net	(14,875)				(14,875)
Distributions declared	(58,248)			(58,248)
Stock-based compensation, net (in shares)		127,238
Stock-based compensation, net	7,428	$ 1	7,427
Issuance of common stock, net (in shares)		208,040
Issuance of common stock, net	$ 4,333		4,333
Balance end of period (in shares) at Dec. 31, 2023	67,807,831	67,807,831
Balance end of period at Dec. 31, 2023	$ 1,554,044	$ 68	$ 5,468,728	$ (3,932,826)	$ 18,074

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 5,269	$ 52,233	$ (5,360)
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	113,430	94,952	87,143
Amortization of market-lease intangibles and inducements, net	(3,343)	(5,589)	(4,318)
Amortization of debt discounts and financing costs	4,113	2,816	1,816
Straight-line rent adjustment, net	(3,464)	(2,645)	(3,272)
Provision for (reversal of) estimated credit losses	1,148	(1,437)	2,271
Gain on sale of investment properties, net	(2,691)	(38,249)	(1,522)
Loss on extinguishment of debt	15	181	400
Equity in losses (earnings) of unconsolidated entities	557	(3,663)	(6,398)
Distributions from unconsolidated entities	0	9,350	8,085
Stock-based compensation, net	9,021	6,541	9,116
Changes in operating assets and liabilities:
Accounts and rents receivable	1,483	(999)	257
Deferred costs and other assets, net	91	317	(1,834)
Accounts payable and accrued expenses	2,054	8,411	1,875
Other liabilities	1,938	3,576	1,697
Net cash provided by operating activities	129,621	125,795	89,956
Cash flows from investing activities:
Purchase of investment properties	(152,047)	(235,001)	(53,078)
Capital expenditures and tenant improvements	(27,298)	(19,420)	(15,361)
Investment in development and re-development projects	(4,558)	(9,461)	(5,466)
Proceeds from the sale of investment properties, net	12,559	77,538	14,807
Distributions from unconsolidated entities	95,065	47,355	0
Lease commissions and other leasing costs	(3,888)	(4,302)	(4,055)
Other investing activities, net	449	(1,170)	(1,548)
Net cash used in investing activities	(79,718)	(144,461)	(64,701)
Cash flows from financing activities:
Payment of tax withholdings for share-based compensation	(1,583)	(1,581)	(1,833)
Payment of common stock repurchase costs	0	0	(116,397)
Payments for Repurchase of Other Equity	0	0	3,619
Proceeds from sale of common stock under ATM	5,165	0	0
Repurchases of common stock	235	0	0
Payment of common stock offering costs	(341)	0	0
Distributions to stockholders	(57,491)	(55,302)	(55,561)
Term loan proceeds	0	0	400,000
Term loan repayments	0	0	(400,000)
Line of credit proceeds	30,000	112,000	31,000
Line of credit repayments	(30,000)	(143,000)	0
Senior notes proceeds	0	250,000	0
Payoffs of debt	(33,700)	(47,052)	(50,000)
Principal payments on mortgage debt	(32)	(842)	(1,306)
Payment of loan fees and deposits	(175)	(2,387)	(6,065)
Other financing activities	20	(262)	(390)
Net cash (used in) provided by financing activities	(87,902)	111,574	(204,171)
Net decrease in cash, cash equivalents and restricted cash	(37,999)	92,908	(178,916)
Cash, cash equivalents and restricted cash at beginning of year	137,762	44,854	223,770
Cash, cash equivalents and restricted cash at end of year	99,763	137,762	44,854
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	33,093	18,705	14,570
Cash paid (refunded) for income taxes, net of (payments) refunds	209	(386)	276
Previously held equity investments in real estate assets acquired	39,603	0	0
Distributions payable to stockholders	14,594	13,837	13,802
Accrued capital expenditures and tenant improvements	1,680	2,851	3,552
Capitalized costs placed in service	16,402	17,895	7,453
Gross issuance of shares for share-based compensation	4,558	6,224	5,040
Purchase of investment properties:
Net investment properties	200,085	280,938	45,791
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	52,871	47,019	8,734
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(9,133)	(13,075)	(1,447)
Assumption of mortgage debt, at fair value	(91,776)	(79,881)	0
Cash outflow for purchase of investment properties, net	152,047	235,001	53,078
Assumption of mortgage principal	92,468	80,380	0
Capitalized acquisition costs	(150)	(1,079)	(59)
Credits and other changes in cash outflow, net	(365)	4,768	1,691
Gross acquisition price of investment properties	244,000	319,070	54,710
Sale of investment properties:
Net investment properties	10,086	66,294	10,953
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	297	4,200	2,332
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(515)	(2,575)	0
Debt assumed by buyer through disposition of property	0	(28,552)	0
Gain on sale of investment properties, net	2,691	38,249	1,522
Loss on extinguishment of debt		(78)	0
Proceeds from sale of investment properties, net	12,559	77,538	14,807
Assumption of mortgage principal	0	28,630	0
Credits and other changes in cash inflow, net	583	4,282	174
Gross disposition price of investment properties	$ 13,142	$ 110,450	$ 14,981

Organization

Organization	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization On October 4, 2004, InvenTrust Properties Corp. (the "Company" or "InvenTrust") was incorporated as Inland American Real Estate Trust, Inc., a Maryland corporation, and elected to operate in a manner to be taxed as a real estate investment trust ("REIT") for federal tax purposes. The Company changed its name to InvenTrust Properties Corp. in April of 2015 and is focused on owning, leasing, redeveloping, acquiring and managing a multi-tenant retail platform. The accompanying consolidated financial statements include the accounts of the Company, as well as all wholly-owned subsidiaries. Subsidiaries generally consist of limited liability companies ("LLCs") and limited partnerships ("LPs"). All significant intercompany balances and transactions have been eliminated. Each retail property is owned by a separate legal entity that maintains its own books and financial records. Each separate legal entity's assets are not available to satisfy the liabilities of other affiliated entities. The Company has a single reportable segment, multi-tenant retail, for disclosure purposes in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). Unless otherwise noted, all square feet and dollar amounts are stated in thousands, except share, per share and per square foot data. Number of properties and square feet are unaudited. The following table summarizes the Company's retail portfolio as of December 31, 2023 and 2022: Wholly-Owned Retail Properties Unconsolidated Retail Properties at 100% 2023 2022 2023 2022 No. of properties 62 58 — 4 Gross Leasable Area (square feet) 10,324 9,171 — 1,125

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies Estimates, Risks, and Uncertainties The accompanying consolidated financial statements have been prepared in accordance with GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates, judgments and assumptions are required in a number of areas, including, but not limited to, evaluating the impairment of long-lived assets, allocating the purchase price of acquired retail properties, determining the fair value of debt and evaluating the collectability of accounts receivable. The Company bases these estimates, judgments and assumptions on historical experience and various other factors that the Company believes to be reasonable under the circumstances. Actual results may differ from these estimates. Variable Interest Entities The Company evaluates its investments in LLCs and LPs to determine whether each such entity may be a variable interest entity ("VIE"). The accounting standards related to the consolidation of VIEs require qualitative assessments to determine whether the Company is the primary beneficiary. Determination of the primary beneficiary is based on whether the Company has (i) power to direct significant activities of the VIE and (ii) an obligation to absorb losses or the right to receive benefits that could be potentially significant to the VIE. The Company consolidates a VIE if it is deemed to be the primary beneficiary. The equity method of accounting is applied to entities in which the Company is not the primary beneficiary, or if the entity is not a VIE and the Company does not have control, but can exercise significant influence over the entity with respect to its operations and major decisions. As of December 31, 2023 and 2022, the Company had no VIEs. Revenue Recognition Lease Income The majority of revenue recognized from the Company's retail properties is comprised of fixed and variable consideration received from tenants under long-term operating leases with varying terms. Fixed consideration generally consists of minimum lease payments for the rental of retail space while the variable consideration generally consists of reimbursements of the tenant's pro-rata share of certain operating expenses incurred by the Company, including real estate taxes, special assessments, insurance, utilities, common area maintenance, management fees and certain capital repairs. Certain other tenants are subject to net leases whereby the tenant is responsible for fixed minimum lease payments to the Company, as well as directly paying all costs and expenses associated with occupancy to third party service providers. Such direct payments to third parties are not recorded as revenue and expense by the Company. In accordance with Accounting Standards Codification ("ASC") 842, Leases , ("Topic 842"), the Company has elected to not separate lease and non-lease components for all qualifying leases. In effect, this generally relieves the Company from accounting for certain consideration under ASC 606, Revenue from Contracts with Customers ("Topic 606"). As a result of the election, all income arising from leases is presented on a combined basis as lease income, net. Minimum lease payments are recognized on a straight-line basis over the term of each lease. The cumulative difference between fixed consideration recognized on a straight-line basis and the cash payments due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rents receivable. The Company records lease termination income when all conditions of a signed termination agreement have been met, the tenant is no longer occupying the property, and termination income amounts due are considered collectible. The Company defers recognition of contingent lease income until the specified target that triggers the contingent lease income is achieved. The Company commences revenue recognition on its leases when the lessee takes possession of, or controls the physical use of, the leased asset, unless the lessee is constructing improvements for which the Company is deemed to be the owner for accounting purposes. If the Company is deemed the owner for accounting purposes, the leased asset is the finished space and revenue recognition commences when the lessee takes possession of it, typically when the improvements are substantially complete. Alternatively, if the lessee is deemed to be the owner of the improvements for accounting purposes, then the leased asset is the unimproved space, and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduce lease income recognized over the lease term, and the Company commences revenue recognition when the lessee takes possession of the unimproved space. The determination of who owns the tenant improvements, for accounting purposes, is based on contractual rights and subject to judgment. In making that judgment, no one factor is determinative. The Company routinely considers: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant is required to provide evidence supporting the cost of improvements prior to reimbursement; • whether the tenant or landlord retains legal title to the improvements; • the uniqueness of the improvements; • the expected economic life of the tenant improvements relative to the length of the lease; and • who constructs or directs the construction of the improvements. Credit Losses The Company reviews the collectability of amounts due from its tenants on a regular basis. Such reviews consider the tenant's financial condition and payment history and other economic conditions impacting the tenant. Changes in collectability occur when the Company no longer believes it is probable that substantially all the lease payments will be collected over the term of the lease. If collection is not probable, the lease payments will be accounted for on a cash basis and revenue will be recorded as cash is received. If reassessed, and the collection of substantially all of the lease payments from the tenant becomes probable, the accrual basis of revenue recognition is reestablished. The provision for estimated credit losses resulting from changes in the expected collectability of lease payments, including variable payments, is recognized as a direct adjustment to lease income, and a direct write-off of the operating lease receivables, including straight-line rent receivable. Other Fee Income The Company recognizes other fee income when it satisfies a performance obligation relating to services provided to its joint venture partnership. The Company generally does not receive prepayments for services or recognize revenue prior to being legally entitled to payment. As a result, the Company does not generally record contract assets or contract liabilities. Property management and asset management fees are recognized over time as services are rendered to the joint venture partnership. The bundled services of the property management performance obligation and asset management performance obligation each qualify as a series of distinct services satisfied over time. The variability in timing of the property management and asset management fees, which generally relate to the fluctuation in cash receipts from tenants and potential changes in equity capitalization, are resolved on a monthly basis. Leasing commissions and other fees are recognized at a point in time consistent with the underlying service rendered to the joint venture partnership. Generally, the first and second installments of leasing commissions are paid upon lease execution and rent commencement, respectively. Sale of Real Estate The Company derecognizes real estate and recognizes a gain or loss when a contract exists and control of the property has transferred to the buyer. Control of the property, including controlling financial interest, is generally considered to transfer upon closing through transfer of the legal title and possession of the property, at which point the Company recognizes a gain or loss equal to the difference between the transaction price and the carrying amount of the property. Acquisition of Real Estate The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are expensed. If an acquisition qualifies as an asset acquisition, the related transaction costs are capitalized and amortized over the useful life of the acquired assets. Generally, our acquisitions of real estate qualify as asset acquisitions. The Company allocates the purchase price of real estate to land, building, other building improvements, tenant improvements, intangible assets and liabilities (such as the value of above- and below-market leases, and in-place leases). The values of above- and below-market leases are recorded as intangible assets and intangible liabilities, respectively, and are amortized as either a decrease (in the case of above-market leases) or an increase (in the case of below-market leases) to lease income, net over the remaining term of the associated lease. The values, if any, associated with in-place leases are recorded as intangible assets and amortized to depreciation and amortization expense over the remaining lease term. The difference between the contractual rental rates and the Company's estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases plus the term of any below-market renewal options. For the amortization period, the remaining term of leases with renewal options at terms below market reflect the assumed exercise of such below-market renewal options, if reasonably assured. If a tenant vacates its space prior to the contractual expiration of the lease and no rental payments are being made on the lease, any unamortized balance of the related intangible asset or liability is written off. Tenant improvements are depreciated and origination costs are amortized over the remaining term of the lease or charged against earnings if the lease is terminated prior to its contractual expiration date. With the assistance of a third-party valuation specialist, the Company performs the following procedures for assets acquired: • Estimate the value of the property "as if vacant" as of the acquisition date; • Allocate the value of the property among land, building, and other building improvements and determine the associated useful life for each; • Calculate the value and associated life of above- and below-market leases on a tenant-by-tenant basis. The difference between the contractual rental rates and the Company’s estimate of market rental rates is measured over a period equal to the remaining term of the leases (using a discount rate which reflects the risks associated with the leases acquired, including geographical location, size of leased area, tenant profile and credit risk); • Estimate the fair value of the tenant improvements, legal costs and leasing commissions incurred to obtain the leases and calculate the associated useful life for each; • Estimate the fair value of assumed debt, if any; and • Estimate the intangible value of the in-place leases based on lease execution costs of similar leases as well as lost rent payments during an assumed lease-up period and their associated useful lives on a tenant-by-tenant basis. Properties Held for Sale In determining whether to classify a property as held for sale, the Company considers whether: (i) management has committed to a plan to sell the property; (ii) the property is available for immediate sale, in its present condition; (iii) the Company has initiated a program to locate a buyer; (iv) the Company believes that the sale of the property is probable; (v) the Company has received a significant non-refundable deposit for the purchase of the property; (vi) the Company is actively marketing the property for sale at a price that is reasonable in relation to its estimated fair value; and (vii) actions required for the Company to complete the plan indicate that it is unlikely that any significant changes will be made to the plan. When all criteria are met, the property is classified as held for sale and carried at the lower of cost or estimated fair value less costs to sell. Additionally, if the sale represents a strategic shift that has (or will have) a major effect on the Company's results and operations, the income and expenses for the period are classified as discontinued operations for all periods presented. Impairment of Long Lived Assets The Company assesses the carrying values of long-lived tangible and intangible assets whenever events or changes in circumstances indicate that they may not be fully recoverable, such as a reduction in the expected hold period of a property. When such event or circumstances occur, if it is expected that the carrying value is not recoverable because the expected undiscounted cash flows do not exceed that carrying value, the Company recognizes an impairment loss to the extent that the carrying value exceeds the estimated fair value. The valuation and possible subsequent impairment of investment properties is a significant estimate that can and does change based on the Company's continuous process of analyzing each property's economic condition over time and reviewing and updating assumptions about uncertain inherent factors, including observable inputs such as contractual revenues and unobservable inputs such as forecasted revenues and expenses, estimated net disposition proceeds, and discount rate. These unobservable inputs are based on a property's market conditions and expected growth rates. Assumptions and estimates about future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions and the Company's ultimate investment intent that occur subsequent to the impairment analyses could impact these assumptions and result in additional impairment. The Company's assessment of expected hold period for investment properties evaluated for impairment is of particular significance because of the material impact it has on the evaluation of the property's recoverability. Changes in the Company's disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. Periodically, management assesses whether there are any indicators that the carrying value of the Company's investments in unconsolidated entities may be other-than-temporarily impaired. To the extent other-than-temporary impairment has occurred, the loss is measured as the excess of the carrying value of the investment over the estimated fair value of the investment. The estimated fair value of the investment is generally derived from the cash flows generated from the underlying real property investments of the investee. Real Estate Capitalization and Depreciation Real estate is reflected at cost less accumulated depreciation within investment properties on the consolidated balance sheets. Ordinary repairs and maintenance are expensed as incurred. Depreciation expense is computed using the straight-line method. A range of estimated useful lives of 15-30 years is used for buildings and other improvements, and a range of 3-20 years is used for furniture, fixtures and equipment. Tenant improvements are amortized on a straight-line basis over the lesser of the life of the tenant improvement or the lease term. Amortization is included in depreciation and amortization expense. Deferred leasing costs are recognized as a part of deferred costs and other assets, net and are amortized to depreciation and amortization expense over the remaining term of the associated tenant lease. Direct and indirect costs that are clearly related to the construction and improvements of investment properties are capitalized. Costs incurred for interest, property taxes and insurance are capitalized during periods in which activities necessary to prepare the property for its intended use are in progress. Cash, Cash Equivalents and Restricted Cash The Company considers all demand deposits, money market accounts and investments in certificates of deposit and repurchase agreements with a maturity of three months or less, at the date of purchase, to be cash equivalents. The Company maintains its cash and cash equivalents at financial institutions. The combined account balances at one or more institutions generally exceed the Federal Deposit Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions. The Company believes insignificant credit risk exists related to amounts on deposit in excess of FDIC insurance coverage. The Company had restricted cash of $3,378 and $142 as of December 31, 2023 and 2022, respectively. Restricted cash often consists of lenders' escrows, operating real estate escrows for taxes, insurance, capital expenditures and payments required under certain lease agreements, and funds restricted through lender or other agreements, including funds held in escrow for future acquisitions. Fair Value Measurements In accordance with ASC 820, Fair Value Measurement and Disclosures ("Topic 820"), the Company defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer or settle a liability in an orderly transaction between market participants at the measurement date. The Company uses a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of the three broad levels described below: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. • Level 2 - Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial instruments and non-financial assets using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition. The carrying amounts of cash, cash equivalents and restricted cash, accounts and rents receivables, other assets, accounts payable, accrued expenses, and other liabilities reasonably approximate fair value, in management’s judgment, because of their short-term nature. Fair value information pertaining to derivative financial instruments, investment properties, and debt is provided in "Note 9. Fair Value Measurements" . Stock-Based Compensation Plans Incentive Award Plan Effective June 19, 2015, the Company's board of directors (the "Board") adopted the InvenTrust Properties Corp. 2015 Incentive Award Plan (the "Incentive Award Plan"), under which the Company may grant cash and equity incentive awards to eligible employees, directors, and consultants. The Company has awarded time-based restricted stock units ("RSUs"), performance-based RSUs, and market-based RSUs with tandem dividend equivalents. Compensation expense related to these awards, which are generally equity classified, is recognized as a part of general and administrative expense. The tandem dividend equivalent cash payments of awards granted during the years ended December 31, 2023 and 2022 are recognized within equity. The tandem dividend equivalent cash payments of awards granted during the year ended December 31, 2021 are recognized within earnings. Forfeitures of awards are recognized as they occur. Time-based awards are generally measured at grant date fair value and not subsequently remeasured. Compensation expense related to these awards is recognized on a straight-line basis over the vesting period. Time-based awards granted to employees vest equally on each of the first three Performance-based awards are measured at grant date fair value and each grantee is eligible to vest in a number of RSUs ranging from 0% to 100% of the total number granted based on specified performance levels. Performance-based awards vest within 45 days of the conclusion of the performance period and are generally subject to the recipients' continued service to the Company. Compensation cost is recognized when the performance condition is considered probable of achievement. If a performance award has more than one potential outcome, recognition of compensation cost is based on the most likely outcome. During the service period, a cumulative catch-up approach is used to account for changes in the assessment of which outcome is most likely to occur. Market-based awards are valued as of the grant date utilizing a Monte Carlo simulation model that assesses the probability of satisfying certain market performance thresholds over a three year performance period. Market-based awards vest within 45 days of the conclusion of the performance period and are generally subject to the recipients' continued service to the Company. The number of common shares ultimately issued is based on the Company's total shareholder return ("TSR") relative to that of the FTSE NAREIT Shopping Index peer group on a percentile basis. The resulting compensation expense is recorded over the service period regardless of whether the TSR performance measures are achieved. Employee Stock Purchase Plan Effective May 4, 2023, the Company's Board established an Employee Stock Purchase Plan (the "ESPP") through which employees may purchase shares of the Company's common stock semi-annually at a price equal to 85% of the lesser of: (a) the closing price per share on the first day of such period, and (b) the closing price per share on the last day of such period. Compensation expense related to the ESPP is recognized as a part of general and administrative expense. Derivative Instruments In the normal course of business, the Company is exposed to the effect of interest rate changes. The Company's objective in using interest rate derivatives is to manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed rate payments over the life of the agreement without exchange of the underlying notional amount. The Company has a policy of only entering into contracts with established financial institutions based upon their credit ratings and other factors. When viewed in conjunction with the underlying and offsetting exposure that the derivatives are designed to hedge, the Company has not sustained a material loss from those instruments, nor does it anticipate any material adverse effect on its net income or financial position in the future from the use of derivatives. The Company recognizes all derivatives on the consolidated balance sheets at fair value. Additionally, changes in fair value will affect either equity or earnings depending on whether the derivative instruments qualify as a hedge for accounting purposes and, if so, the nature of the hedging activity. When the underlying transaction is terminated or completed, all changes in the fair value of the instrument are marked-to-market with changes in value included in earnings each period until the instrument matures. Any derivative instrument used for risk management that does not meet the criteria for hedge accounting is marked-to-market each period in earnings. The Company does not use derivatives for trading or speculative purposes. Income Taxes The Company has elected and operates in a manner to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code") for federal income tax purposes commencing with the tax year ended December 31, 2005. To qualify as a REIT, the Company is generally required to distribute at least 90% of its REIT taxable income (subject to certain adjustments) to its stockholders each year (the "90% Distribution Requirement"). As a REIT, the Company is entitled to a tax deduction for some or all of the dividends paid to stockholders. Accordingly, the Company generally will not be subject to federal income taxes as long as it currently distributes to stockholders an amount equal to or in excess of the Company's taxable income. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes on its undistributed income. From time to time, the Company may elect to treat certain of its consolidated subsidiaries as taxable REIT subsidiaries ("TRSs") pursuant to the Code. Among other activities, TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Income tax expense or benefit is recognized as a part of other income and expense, net. During the years ended December 31, 2023, 2022, and 2021 the Company did not have any operations within TRSs. Income tax expense for the years ended December 31, 2023, 2022 and 2021 generally pertains to Texas margin tax. The Company has accrued no material interest or penalties relating to income taxes. As of December 31, 2023, the Company's 2022, 2021, and 2020 tax years remain subject to examination by U.S. and various state tax jurisdictions. Recently Issued Accounting Pronouncements Standard Description Date of Effect on the financial statements or other significant matters ASU No. 2023-07 ASU No. 2023-07 is intended to improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis. December 2024 The Company is continuing to evaluate this guidance, but expects the standard to impact our disclosures around our single reportable segment and is not anticipated to have an impact on the Company's financial position, results of operations, or cash flows. Other recently issued accounting standards or pronouncements not disclosed in the foregoing table have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on the consolidated financial statements of the Company.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Operating Leases Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows: For the year ending December 31, As of December 31, 2023 2024 $ 188,912 2025 178,186 2026 159,268 2027 127,019 2028 100,057 Thereafter 346,370 Total $ 1,099,812 The foregoing table includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to fifty-seven years. The following table reflects the disaggregation of lease income, net: Year Ended December 31, 2023 2022 2021 Minimum base rent $ 165,267 $ 145,467 $ 128,716 Real estate tax recoveries 31,220 30,107 27,874 Common area maintenance, insurance, and other recoveries 30,731 28,072 23,948 Ground rent income 19,044 14,991 13,167 Amortization of market-lease intangibles and inducements, net 3,343 5,589 4,318 Short-term and other lease income 4,389 4,333 3,378 Termination fee income 836 339 406 Straight-line rent adjustment, net 3,464 2,645 3,272 Reversal of (provision for) uncollectible straight-line rent (115) 1,170 (468) Provision for uncollectible billed rent and recoveries (1,628) (1,065) (2,264) Reversal of uncollectible billed rent and recoveries 595 1,332 5,003 Lease income, net $ 257,146 $ 232,980 $ 207,350 Other Fee Income Other fee income was derived from services provided to the Company's unconsolidated real estate joint venture and deemed to be related party transactions. The property management, asset management, leasing and other services were provided over the term of the contract. The following table reflects the disaggregation of other fee income: Timing of Satisfaction of Year Ended December 31, 2023 2022 2021 Property management fees Over time $ 48 $ 1,301 $ 1,952 Asset management fees Over time 32 882 1,128 Leasing commissions and other fees Point in time — 383 462 Other fee income $ 80 $ 2,566 $ 3,542

Acquired Properties

Acquired Properties	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquired Properties	Acquired Properties The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2023: Date Property Metropolitan Area Square Feet Gross Assumption of Mortgage Debt January 18, 2023 Bay Colony (a) Houston, TX 416 $ 79,100 $ 41,969 January 18, 2023 Blackhawk Town Center (a) Houston, TX 127 26,300 13,008 January 18, 2023 Cyfair Town Center (a) Houston, TX 433 79,200 30,880 January 18, 2023 Stables Town Center (a) Houston, TX 148 37,000 6,611 June 2, 2023 The Shoppes at Davis Lake Charlotte, NC 91 22,400 — 1,215 $ 244,000 $ 92,468 (a) These retail properties were acquired from the Company's unconsolidated joint venture, IAGM, as disclosed in "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties. The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2022: Date Property Metropolitan Area Square Feet Gross Assumption of Mortgage Debt February 2, 2022 Shops at Arbor Trails Austin, TX 357 $ 112,190 $ 31,500 February 2, 2022 Escarpment Village Austin, TX 170 77,150 26,000 April 21, 2022 The Highlands of Flower Mound (a) Dallas, TX 175 38,000 22,880 May 4, 2022 Bay Landing Fort Myers, FL 63 10,425 — June 10, 2022 Kyle Marketplace - Outparcel (b) Austin, TX — 705 — October 28, 2022 Eastfield Village Charlotte, NC 96 22,500 — December 16, 2022 Stone Ridge Market (a) San Antonio, TX 219 58,100 — 1,080 $ 319,070 $ 80,380 (a) These retail properties were acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $499 related to the pooled mortgage debt on these properties. (b) The Company acquired a parcel of vacant land adjacent to this retail property. The assets, liabilities and operations of the outparcel acquired are combined for presentation purposes with the retail property already owned by the Company. Transaction costs of $150 and $1,079 were capitalized during the years ended December 31, 2023 and 2022, respectively.

Disposed Properties

Disposed Properties	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposed Properties	Disposed Properties The following table reflects the real property disposed of during the year ended December 31, 2023: Date Property Metropolitan Area Square Feet Gross Gain on Sale June 20, 2023 Shops at Galleria (a) Austin, TX N/A $ 1,692 $ 984 August 25, 2023 Trowbridge Crossing Atlanta, GA 63 11,450 1,707 63 $ 13,142 $ 2,691 (a) This disposition was related to the completion of a partial condemnation at one retail property. The following table reflects the real property disposed of during the year ended December 31, 2022: Date Property Metropolitan Area Square Feet Gross Gain (Loss) June 30, 2022 Centerplace of Greeley Denver, CO 152 $ 37,550 $ 25,147 June 30, 2022 Cheyenne Meadows Denver, CO 90 17,900 11,709 December 15, 2022 The Shops at Walnut Creek (a) Denver, CO 225 55,000 1,393 467 $ 110,450 $ 38,249 (a) The property's buyer assumed a $28,600 mortgage payable secured by the property. We recognized a loss on debt extinguishment of $80 related to the buyer's assumption.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities Joint Venture Interest in IAGM As of December 31, 2022, the Company owned a 55% interest in one unconsolidated entity, IAGM Retail Fund I, LLC ("IAGM"), a joint venture partnership between the Company and PGGM Private Real Estate Fund ("PGGM"). IAGM was formed on April 17, 2013 for the purpose of acquiring, owning, managing, and disposing of retail properties and sharing in the profits and losses from those retail properties and their activities. On January 18, 2023, the Company acquired the four remaining retail properties from IAGM, for an aggregate purchase price of $222.3 million, by acquiring 100% of the membership interests in each of IAGM's wholly owned subsidiaries . The Company assumed aggregate mortgage debt of $92.5 million and funded the remaining balance with its available liquidity. IAGM recognized a gain on sale of $45.2 million, of which the Company's share was approximately $24.9 million. Subsequent to the transaction, IAGM proportionately distributed substantially all net proceeds from the sale, of which the Company's share was approximately $71.4 million . In connection with the foregoing, IAGM adopted a liquidation plan on January 11, 2023. On December 15, 2023, IAGM was fully liquidated. The Company's aggregate deferred gains related to its previously owned equity interest in real estate acquisitions from IAGM of $39.9 million are reflected in the basis of the respective acquired assets. Previously, deferred gains were reflected as a reduction of the Company's investment in IAGM and amortized to equity in earnings of unconsolidated entities. On January 18, 2023, the Company acquired IAGM's two interest rate swap agreements which achieved fixed interest rates on an aggregate notional amount of $75.0 million of the assumed pooled mortgage priced in a Secured Overnight Financing Rate ("SOFR"), each of which repriced monthly ("1-Month Term SOFR"). IAGM recognized a gain on sale of $2.6 million representing the fair value of the derivatives, of which the Company's share was approximately $1.4 million. The Company deferred its share of IAGM's gain on sale of derivatives, initially reflecting it within accumulated comprehensive income and amortizing it to interest expense, net, through the instruments' maturity date. The following table reflects the real property disposed by IAGM since January 1, 2022: Date Property Square Feet Gross IAGM's The Company's Gain Deferral March 3, 2022 Price Plaza (a) 206 $ 39,100 $ 3,751 $ — April 21, 2022 The Highlands of Flower Mound (b) 175 38,000 1,244 684 December 16, 2022 Stone Ridge Market (b) 219 58,100 12,287 6,758 December 22, 2022 Stables Town Center (c) 43 7,800 (244) — January 18, 2023 Bay Colony (b) 416 79,100 22,327 12,280 January 18, 2023 Blackhawk Town Center (b) 127 26,300 12,632 6,948 January 18, 2023 Cyfair Town Center (b) 433 79,200 4,713 2,592 January 18, 2023 Stables Town Center (b) 148 37,000 5,536 3,045 (a) The buyer assumed a $17,800 mortgage payable secured by the property. (b) The Company purchased these properties at a purchase price determined by a third party real estate valuation specialist. (c) IAGM disposed of 43 square feet out of a total 191 square feet through a partial sale of the property. Condensed Financial Information The following table presents condensed balance sheet information for IAGM as of December 31, 2022: As of December 31, 2022 Assets: Net investment properties $ 161,312 Other assets 65,565 Total assets $ 226,877 Liabilities and equity: Mortgage debt, net $ 92,186 Other liabilities 7,392 Equity 127,299 Total liabilities and equity $ 226,877 Company's share of equity $ 70,869 Outside basis difference, net (a) (14,738) Carrying value of investments in unconsolidated entities $ 56,131 (a) The outside basis difference relates to the unamortized deferred gains on historical property sales from IAGM to the Company. The following table presents condensed income statement information of IAGM: Year ended December 31, IAGM 2023 2022 2021 Total income $ 952 $ 27,764 $ 42,145 Depreciation and amortization (622) (10,508) (14,437) Property operating (232) (5,149) (7,265) Real estate taxes (127) (4,086) (7,507) Asset management fees (32) (882) (1,128) Interest expense, net (143) (4,002) (5,637) Other income and expense, net 447 (245) (422) Gain (loss) on debt extinguishment 444 (219) (229) Gain on sale of real estate, net 45,208 17,038 18,294 Gain on sale of derivatives 2,556 — — Net income $ 48,451 $ 19,711 $ 23,814 Company's share of net income $ 26,648 $ 10,832 $ 13,089 Outside basis adjustment for investee's sale of real estate, net (27,175) (7,169) (6,691) Outside basis adjustment for investee's NCI redemption (30) — — Equity in (losses) earnings of unconsolidated entities $ (557) $ 3,663 $ 6,398

Intangible Assets, Liabilities,

Intangible Assets, Liabilities, and Deferred Leasing Costs	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Liabilities, and Deferred Leasing Costs	Intangible Assets, Liabilities, and Deferred Leasing Costs The following table summarizes the Company's intangible assets, liabilities, and deferred leasing costs as of December 31, 2023 and 2022: As of December 31, 2023 2022 Intangible assets: In-place leases $ 183,139 $ 158,155 Above-market leases 17,967 16,082 Intangible assets 201,106 174,237 Accumulated amortization: In-place leases (78,177) (66,347) Above-market leases (8,444) (6,723) Accumulated amortization (86,621) (73,070) Intangible assets, net $ 114,485 $ 101,167 Intangible liabilities: Below-market leases $ 52,412 $ 55,501 Accumulated amortization (22,068) (25,843) Intangible liabilities, net $ 30,344 $ 29,658 Deferred leasing costs: Leasing costs $ 22,621 $ 20,949 Accumulated amortization (7,626) (7,114) Deferred leasing costs, net $ 14,995 $ 13,835 The following table summarizes the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, 2023 2022 2021 Intangible assets: In-place leases $ 32,179 $ 20,993 $ 18,730 Above-market leases 2,977 2,018 2,036 Amortization of intangible assets $ 35,156 $ 23,011 $ 20,766 Intangible liabilities: Amortization of below-market leases $ 5,976 $ 7,403 $ 6,317 Deferred leasing costs: Amortization of deferred leasing costs $ 2,691 $ 2,533 $ 2,138 The following table summarizes the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2023: Year ending December 31, In-place leases Above market leases Below market leases Deferred leasing costs 2024 $ 24,961 $ 2,368 $ 4,312 $ 3,507 2025 19,611 1,863 3,762 2,290 2026 15,047 1,461 3,237 2,123 2027 10,513 1,002 2,315 1,842 2028 7,764 753 1,840 1,515 Thereafter 27,066 2,076 14,878 3,718 Total $ 104,962 $ 9,523 $ 30,344 $ 14,995

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consists of mortgages payable, unsecured term loans, senior notes, and an unsecured revolving line of credit. The Company believes it has the ability to repay, refinance or extend any of its debt, and that it has adequate sources of funds to meet short-term cash needs. It is anticipated that the Company will use proceeds from property sales, cash on hand, and available capacity on credit agreements, if any, to repay, refinance or extend the mortgages payable maturing in the near term. The Company's credit agreements and mortgage loans require compliance with certain covenants, such as debt service coverage ratios, investment restrictions and distribution limitations. As of December 31, 2023 and 2022, the Company was in compliance with all loan covenants. On February 6, 2023, the Company extinguished the $13.7 million mortgage payable secured by Renaissance Center with its available liquidity. On October 17, 2023, the Company extended the maturity of its $92.5 million cross-collateralized mortgage debt maturing in 2023 by exercising one of its two 12-month extension options. The maturity date of the mortgage debt is now November 2, 2024. On December 22, 2023, the Company partially paid down the mortgage debt by $20.0 million, resulting in the release of Blackhawk Town Center from collateralization and an outstanding balance of $72.5 million as of December 31, 2023. Credit Agreements On September 22, 2021, the Company entered into an amendment to the Revolving Credit Agreement (the "Amended Revolving Credit Agreement"), which provides for, among other things, an extension of the maturity of the $350.0 million Revolving Credit Agreement to September 22, 2025, with two six-month extension options. On September 22, 2021, the Company entered into an amendment to its $400.0 million Term Loan Credit Agreement (the "Amended Term Loan Agreement"), which provides for, among other things, an extension of the maturity dates and a reallocation of indebtedness under the two outstanding tranches of term loans thereunder. The Amended Term Loan Agreement consists of a $200.0 million 5-year tranche maturing on September 22, 2026, and a $200.0 million 5.5-year tranche maturing on March 22, 2027. On May 11, 2022, the Company transitioned its Amended Revolving Credit Agreement and Amended Term Loan Agreement from 1-Month LIBOR to 1-Month Term SOFR. On June 3, 2022, in connection with and upon effectiveness of the Note Purchase Agreement (as defined below) and in accordance with the terms of the Amended Term Loan Credit Agreement and Amended Revolving Credit Agreement, each of the administrative agents under such agreements released all of the subsidiary guarantors from their guaranty obligations that were previously made for the benefit of the lenders under such agreements. Senior Notes On August 11, 2022, the Company issued $250.0 million aggregate principal amount of senior notes in a private placement, of which (i) $150.0 million are designated as 5.07% Senior Notes, Series A, due August 11, 2029 (the "Series A Notes") and (ii) $100.0 million are designated as 5.20% Senior Notes, Series B, due August 11, 2032 (the "Series B Notes" and, together with the Series A Notes, the "Notes") pursuant to a note purchase agreement (the "Note Purchase Agreement"), dated June 3, 2022, between the Company and the various purchasers named therein. The Notes were issued at par in accordance with the Note Purchase Agreement and pay interest semiannually on February 11th and August 11th until their respective maturities. The Company may prepay at any time all or any part of the Notes, in an amount not less than 5% of the aggregate principal amount of any series of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount prepaid plus accrued interest and a Make-Whole Amount (as defined in the Note Purchase Agreement). The Notes will be required to be absolutely and unconditionally guaranteed by certain subsidiaries of the Company that guarantee certain material credit facilities of the Company. Currently, there are no subsidiary guarantees of the Notes. The following table summarizes the Company's debt as of December 31, 2023 and 2022: Interest As of December 31, 2023 As of December 31, 2022 Maturity Date Interest Rate Amount Interest Rate Amount Mortgages Payable Fixed rate mortgages payable Various Fixed 4.01% (a) $ 96,080 3.95% (a) $ 109,812 Variable rate mortgages payable 11/2/2024 Variable 1M SOFR +1.65% (b) 72,468 — — Total 168,548 109,812 Term Loans $200.0 million 5 years 9/22/2026 Fixed 2.81% (c) 100,000 2.71% (c) 100,000 $200.0 million 5 years 9/22/2026 Fixed 2.81% (c) 100,000 2.72% (c) 100,000 $200.0 million 5.5 years 3/22/2027 Fixed 2.77% (c) 50,000 2.77% (c) 50,000 $200.0 million 5.5 years 3/22/2027 Fixed 2.76% (c) 50,000 2.76% (c) 50,000 $200.0 million 5.5 years 3/22/2027 Fixed 4.99% (d) 100,000 1M SOFR + 1.30% (b) 100,000 Total 400,000 400,000 Senior Notes $150.0 million Series A Notes 8/11/2029 Fixed 5.07% 150,000 5.07% 150,000 $100.0 million Series B Notes 8/11/2032 Fixed 5.20% 100,000 5.20% 100,000 Total 250,000 250,000 Revolving Line of Credit $350.0 million total capacity 9/22/2025 Variable 1M SOFR + 1.14% (b)(e) — 1M SOFR + 1.14% (b)(e) — Total debt 4.29% 818,548 4.08% 759,812 Debt discounts and issuance costs, net (3,980) (5,261) Debt, net $ 814,568 $ 754,551 (a) Interest rates reflect the weighted average of the Company's mortgages payable. (b) As of December 31, 2023 and 2022, 1-Month Term SOFR was 5.35% and 4.36%, respectively. (c) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (d) As of April 3, 2023, the variable portion was swapped to 3.69%, achieving a fixed rate of 4.99% through the maturity date. (e) Interest rate applies to drawn balance only. Additional annual facility fee of 0.15% applies to entire line of credit capacity. The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2023: Scheduled maturities by year: As of December 31, 2023 2024 $ 88,168 2025 22,880 2026 — 2027 26,000 2028 — Thereafter 31,500 Total $ 168,548 Interest Rate Swaps As of December 31, 2023, the Company is party to five effective interest rate swap agreements and two interest rate forward swap agreements, which address the periods between the maturity dates of the effective swaps and the maturity dates of the Amended Term Loan Agreement. In tandem, the interest rate swaps achieve fixed interest rates for a constant notional amount through the maturity dates of the Amended Term Loan Agreement. On January 18, 2023, the Company acquired IAGM's two interest rate swap agreements, which achieve fixed interest rates on an aggregate notional amount of $75.0 million of the assumed pooled mortgage, each priced in 1-Month Term SOFR. The two acquired interest rate swap agreements expired at the maturity date of November 2, 2023. On March 16, 2023, the Company entered into one interest rate swap agreement with a notional amount of $100.0 million at 3.69%, achieving a fixed interest rate of 4.99%. As of the effective date of April 3, 2023, the entirety of the Company's variable rate term loans were swapped to fixed rates through the maturity dates of the Amended Term Loan Agreement. The following table summarizes the Company's five effective and two forward interest rate swaps as of December 31, 2023: Interest Rate Swaps Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5.5 Year Term Loan 50,000 1-Month SOFR 1.47% 2.77% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month SOFR 1.46% 2.76% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 100,000 1-Month SOFR 3.69% 4.99% Apr 3, 2023 Mar 22, 2027 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 $ 400,000 5.5 Year Term Loan 50,000 1-Month SOFR 1.48% 2.78% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month SOFR 1.54% 2.84% Jun 21, 2024 Mar 22, 2027 $ 100,000 The following table summarizes the Company's four effective and four forward interest rate swaps as of December 31, 2022: Interest Rate Swaps Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5 Year Term Loan $ 100,000 1-Month SOFR 1.41% 2.71% Dec 2, 2019 Dec 21, 2023 5 Year Term Loan 100,000 1-Month SOFR 1.42% 2.72% Dec 2, 2019 Dec 21, 2023 5.5 Year Term Loan 50,000 1-Month SOFR 1.47% 2.77% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month SOFR 1.46% 2.76% Dec 2, 2019 Jun 21, 2024 $ 300,000 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5.5 Year Term Loan 50,000 1-Month SOFR 1.48% 2.78% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month SOFR 1.54% 2.84% Jun 21, 2024 Mar 22, 2027 $ 300,000 The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain recognized in accumulated Location and amount of gain (loss) Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2023 2022 2021 2023 2022 2021 2023 2022 2021 Unrealized gain on derivatives $ 6,228 $ 32,052 $ 3,795 Interest expense, net $ 14,875 $ 1,009 $ (4,332) Interest expense, net $ 38,138 $ 26,777 $ 16,261

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Recurring Measurements The following financial instruments are remeasured at fair value on a recurring basis: Fair Value Measurements as of Cash Flow Hedges: (a) (b) December 31, 2023 (c) December 31, 2022 (d) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate swaps — $ 18,074 — — $ 26,721 — (a) During the twelve months subsequent to December 31, 2023, an estimated $10,275 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings. (b) As of December 31, 2023 and 2022, the Company determined that the credit valuation adjustments associated with nonperformance risk are not significant to the overall valuation of its derivatives. As a result, the Company's derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy. (c) The Company's derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively. (d) The Company's derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively. IAGM's derivative assets or liabilities were recognized as a part of investment in unconsolidated entities. Level 1 At December 31, 2023 and 2022, the Company had no Level 1 recurring fair value measurements. Level 2 To calculate the fair value of the derivative interest rate instruments, the Company primarily uses quoted prices for similar contracts and inputs based on data that are observed in the forward yield curve that is widely observable in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements that utilize Level 3 inputs, such as estimates of current credit spreads. Level 3 At December 31, 2023 and 2022, the Company had no Level 3 recurring fair value measurements. Non-Recurring Measurements Investment Properties During the years ended December 31, 2023 and 2022, the Company had no Level 3 nonrecurring fair value measurements. Financial Instruments Not Measured at Fair Value The following table summarizes the estimated fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Carrying Value Estimated Market Carrying Value Estimated Market Mortgages payable $ 168,548 $ 161,320 6.86 % $ 109,812 $ 100,218 6.81 % Senior notes 250,000 233,635 6.31 % 250,000 235,820 6.05 % Term loans 400,000 399,539 5.10 % 400,000 401,470 5.11 % Revolving line of credit — — N/A — — N/A The market interest rates used to estimate the fair value of the Company's mortgages payable, senior notes, term loans, and revolving line of credit reflect the terms currently available on similar borrowing terms to borrowers with credit profiles similar to that of the Company's. The Company classifies its debt instrument valuations within Level 2 of the fair value hierarchy.

Earnings Per Share and Equity T

Earnings Per Share and Equity Transactions	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share and Equity Transactions	Earnings Per Share and Equity Transactions Basic earnings per share ("EPS") is computed by dividing net income or loss attributed to common shares by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that may occur from awards issued pursuant to the stock-based compensation plans. The following table reconciles the amounts used in calculating basic and diluted EPS: Year ended December 31, 2023 2022 2021 Numerator: Net income (loss) attributed to common shares $ 5,269 $ 52,233 $ (5,360) Earnings allocated to unvested restricted shares — — — Net income (loss) attributed to common shares - basic and diluted $ 5,269 $ 52,233 $ (5,360) Denominator: Weighted average common shares outstanding - basic 67,531,898 67,406,233 71,072,933 Dilutive effect of unvested restricted shares (a) 281,282 119,702 — Weighted average common shares outstanding - diluted 67,813,180 67,525,935 71,072,933 Basic and diluted earnings per common share: Net income (loss) per common share - basic $ 0.08 $ 0.77 $ (0.08) Net income (loss) per common share - diluted $ 0.08 $ 0.77 $ (0.08) (a) For the year ended December 31, 2021, unvested restricted shares were anti-dilutive. ATM Program On March 7, 2022, the Company established an at-the-market equity offering program (the "ATM Program") through which the Company may sell from time to time up to an aggregate of $250.0 million of its common stock. In connection with the ATM Program, the Company may sell shares of its common stock to or through sales agents, or may enter into separate forward sale agreements with one of the agents, or one of their respective affiliates, as a forward purchaser. During the quarter ended December 31, 2023, the Company raised $5.4 million of net proceeds under the ATM Program, after $0.1 million in commissions, through the issuance of 208,040 shares of common stock at a weighted average price of $26.13 per share. As of December 31, 2023, $244.6 million of common stock remains available for issuance under the ATM Program. Share Repurchase Programs On February 23, 2022, the Company established a share repurchase program (the "SRP") of up to $150.0 million of the Company's outstanding shares of common stock. The SRP may be suspended or discontinued at any time, and does not obligate the Company to repurchase any dollar amount or particular amount of shares. As of December 31, 2023, the Company has not repurchased any common stock under the SRP. During the year ended December 31, 2021 , the Company repurchased 755,643 shares of the Company's outstanding common stock at a price per share of $21.70, reflecting a 25% discount to an estimated Net Asset Value ("NAV") per share of $28.90 as of December 1, 2020 established by the Company's Board.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Incentive Award Plan The Company is authorized to issue or transfer up to 3,000,000 shares (the "Share Limit") of the Company's common stock pursuant to awards granted under the Incentive Award Plan. As of December 31, 2023, 536,429 shares were available for future issuance under the Incentive Award Plan. Outstanding restricted stock unit ("RSU") awards are categorized as either time-based awards, performance-based awards, or market-based awards. All awards are granted at fair value, earn dividends throughout the vesting period, and have no voting rights. Market-based awards are valued as of the grant date utilizing a Monte Carlo simulation model that assesses the probability of satisfying certain market performance thresholds over a three year performance period. The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models: At Grant Date 2023 2022 Volatility 34.00% 33.89% Risk free interest rate 4.45% 0.79 % - 1.76% Dividend Yield 3.20% 3.24% The following table summarizes the Company's RSU activity during the years ended December 31, 2023, 2022, and 2021: Unvested Time- Unvested Performance Weighted Average Grant Outstanding as of January 1, 2021 110,382 332,095 $31.40 Shares granted 209,539 218,835 $28.90 Shares vested (167,806) — $30.04 Shares forfeited (13,880) (79,562) $30.73 Outstanding as of December 31, 2021 138,235 471,368 $30.12 Shares granted 127,862 396,338 $18.97 Shares vested (135,491) (76,520) $29.36 Unearned performance shares added back to Share Limit — (61,102) $31.40 Shares forfeited (7,179) (18,033) $23.42 Outstanding as of December 31, 2022 123,427 712,051 $23.35 Shares granted 152,393 445,828 $18.40 Shares vested (126,885) (60,042) $29.50 Unearned performance shares added back to Share Limit — (69,803) $31.40 Shares forfeited (1,343) (3,263) $19.51 Outstanding as of December 31, 2023 147,592 1,024,771 $19.36 Employee Stock Purchase Plan Employees may purchase up to an aggregate of 3,300,000 shares of the Company's common stock under the ESPP, of which 3,288,272 shares remain available as of December 31, 2023. The following table summarizes the Company's common stock activity under the ESPP: Year ended Shares purchased 11,728 Issuance price $20.07 Issuance proceeds $235 Stock-Based Compensation Expense The following table summarizes the Company's stock-based compensation expense: Year ended December 31, 2023 2022 2021 Incentive Award Plan, net (a) $ 8,953 $ 6,541 $ 9,116 Employee Stock Purchase Plan (b) 68 — — Stock-based compensation expense, net $ 9,021 9021 $ 6,541 $ 9,116 (a) As of December 31, 2023, there was $9,975 of total estimated unrecognized compensation expense related to the Incentive Award Plan which will be recognized through December 2025. (b) As of December 31, 2023, there was $205 of total estimated unrecognized compensation expense related to the ESPP which will be recognized through June 2025.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Matters The Company is subject, from time to time, to various types of third-party legal claims or litigation that arise in the ordinary course of business, including, but not limited to, property loss claims, personal injury or other damages resulting from contact with the Company's properties. These claims and lawsuits and any resulting damages are generally covered by the Company's insurance policies. The Company accrues for legal costs associated with loss contingencies when these costs are probable and reasonably estimable. While the resolution of these matters cannot be predicted with certainty, based on currently available information, management does not expect that the final outcome of any pending claims or legal proceedings will have a material adverse effect on the financial condition, results of operations or cash flows of the Company. Captive Insurance Company In April 2023, the Company formed a wholly-owned captive insurance company (the "Captive") which provides insurance coverage for all losses below the deductibles of the Company’s third party liability insurance policies relating to wind, flood, named windstorm, earthquake, fire, and other property-related perils. The Company formed the Captive as part of its overall risk management program and to stabilize insurance costs, manage exposures, and recoup expenses through the function of the captive program. The Captive is capitalized in accordance with the applicable regulatory requirements. As of December 31, 2023, the Captive had no outstanding or unpaid claims. Operating Lease Commitments The Company is the lessee under various operating leases for corporate office space for which the Company recognizes right-of-use (“ROU”) assets and related lease liabilities. The following table summarizes the Company's operating lease arrangements as of December 31, 2023 and 2022: As of Balance Sheet Caption December 31, 2023 December 31, 2022 Operating lease ROU assets Deferred costs and other assets, net $ 3,220 $ 3,220 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (967) $ (570) Operating lease liabilities Other liabilities $ 3,023 $ 3,265 Weighted-average remaining lease term 6.0 years 6.7 years Weighted-average discount rate 4.47 % 4.35 % The following table summarizes the Company's operating lease arrangements for the years ended December 31, 2023 and 2022: Statement of Operations and Year ended December 31, 2023 2022 Minimum lease payments General and administrative $ 570 $ 528 Variable lease payments General and administrative 298 343 Short-term lease payments General and administrative 114 97 Total lease cost $ 982 $ 968 The following table summarizes the Company's future minimum operating lease obligations as of December 31, 2023: Scheduled minimum payments by year: Future Minimum Lease Payments 2024 $ 628 2025 511 2026 517 2027 529 2028 522 Thereafter 786 Total expected minimum lease obligation 3,493 Less: Amount representing interest (a) (470) Present value of net minimum lease payments $ 3,023 (a) Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing its consolidated financial statements, the Company evaluated events and transactions occurring after December 31, 2023 through the date the financial statements were issued for recognition and disclosure purposes. On February 1, 2024, the Company acquired The Plant, a 57,000 square foot neighborhood center, anchored by Sprouts Farmers Market, in Chandler, Arizona for a gross acquisition price of $29.5 million. The Company used cash on hand and assumed $13.0 million of existing mortgage debt to fund the acquisition.

Schedule III - Real Estate And

Schedule III - 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]
Schedule III - Real Estate and Accumulated Depreciation	Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Year Acquired Antoine Town Center $ — $ 5,327 $ 14,333 $ — $ (612) $ 5,327 $ 13,721 $ 19,048 $ 2,524 2020 Bay Colony 38,276 8,287 41,714 — — 8,287 41,714 50,001 1,835 2023 Bay Landing — 1,687 9,283 — 67 1,687 9,350 11,037 666 2022 Bear Creek Village Center — 3,523 12,384 — 426 3,523 12,810 16,333 6,685 2009 Bent Tree Plaza — 1,983 7,093 — 1,941 1,983 9,034 11,017 4,619 2009 Blackhawk Town Center — 10,265 6,156 — — 10,265 6,156 16,421 449 2023 Buckhead Crossing — 7,565 27,104 — 3,527 7,565 30,631 38,196 15,491 2009 Campus Marketplace — 26,928 43,445 55 969 26,983 44,414 71,397 11,125 2017 Cary Park Town Center — 5,555 17,280 — 22 5,555 17,302 22,857 4,087 2017 Commons at University Place — 3,198 17,909 — (8) 3,198 17,901 21,099 3,028 2019 Coweta Crossing — 1,143 4,590 — 40 1,143 4,630 5,773 2,637 2009 Custer Creek Village — 4,750 12,245 — 1,302 4,750 13,547 18,297 6,839 2007 Cyfair Town Center 28,163 16,184 48,566 — — 16,184 48,566 64,750 2,036 2023 Eastfield Village — 2,327 14,321 — 119 2,327 14,440 16,767 762 2022 Eldorado Marketplace — 15,732 49,311 — 597 15,732 49,908 65,640 7,652 2019 Eldridge Town Center & Windermere Village — 5,380 22,994 1,977 6,095 7,357 29,089 36,446 13,655 2005 Escarpment Village 26,000 19,641 51,763 — 227 19,641 51,990 71,631 3,939 2022 Garden Village — 3,188 16,522 3,268 1,799 6,456 18,321 24,777 9,103 2009 Gateway Market Center — 13,600 4,992 — 5,165 13,600 10,157 23,757 3,692 2010 Kennesaw Marketplace — 12,587 51,860 — 458 12,587 52,318 64,905 10,272 2018 Kyle Marketplace — 6,076 48,220 711 626 6,787 48,846 55,633 10,583 2017 Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Year Acquired Lakeside & Lakeside Crossing $ — $ 16,594 $ 41,085 $ — $ (112) $ 16,594 $ 40,973 $ 57,567 $ 6,996 2019 Market at Westlake — 1,200 6,274 (64) (42) 1,136 6,232 7,368 3,385 2007 Northcross Commons — 7,591 21,303 — 824 7,591 22,127 29,718 5,584 2016 Old Grove Marketplace — 12,545 8,902 — 502 12,545 9,404 21,949 2,613 2016 Pavilion at La Quinta — 15,200 20,947 — 2,053 15,200 23,000 38,200 11,884 2009 Peachland Promenade — 1,742 6,502 4,158 10,368 5,900 16,870 22,770 3,381 2009 PGA Plaza Palm Beach Gardens — 10,414 75,730 — 1,247 10,414 76,977 87,391 14,505 2018 Plantation Grove 7,300 3,705 6,300 — 1,009 3,705 7,309 11,014 2,521 2014 Plaza Midtown — 5,295 23,946 — 770 5,295 24,716 30,011 5,158 2017 Prestonwood Town Center — 22,055 22,140 — (450) 22,055 21,690 43,745 2,468 2021 Renaissance Center — 26,713 96,141 — 6,424 26,713 102,565 129,278 28,919 2016 Rio Pinar Plaza — 5,171 26,903 676 1,918 5,847 28,821 34,668 8,127 2015 River Oaks — 24,598 88,418 — 2,613 24,598 91,031 115,629 19,242 2017 Riverview Village — 6,000 9,649 — 448 6,000 10,097 16,097 5,575 2007 Riverwalk Market — 5,931 23,922 — 902 5,931 24,824 30,755 6,420 2016 Rose Creek — 1,443 5,630 — 550 1,443 6,180 7,623 3,208 2009 Sandy Plains Centre — 12,364 27,270 652 2,223 13,016 29,493 42,509 5,094 2018 Sarasota Pavilion — 12,000 25,823 — 6,684 12,000 32,507 44,507 13,823 2010 Scofield Crossing — 8,100 4,992 (576) 2,937 7,524 7,929 15,453 3,229 2007 Shops at Arbor Trails 31,500 28,233 76,769 — 144 28,233 76,913 105,146 6,027 2022 Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Year Acquired Shops at Fairview Town Center $ — $ 7,299 $ 25,233 $ — $ 1,117 $ 7,299 $ 26,350 $ 33,649 $ 4,126 2019 Shops at the Galleria — 52,104 75,651 (597) 4,433 51,507 80,084 131,591 21,974 2016 Sonterra Village — 5,150 15,095 (181) 880 4,969 15,975 20,944 4,456 2015 Southern Palm Crossing — 37,735 49,843 (745) 2,120 36,990 51,963 88,953 8,844 2019 Stables Town Center 6,029 5,899 20,439 — — 5,899 20,439 26,338 889 2023 Stevenson Ranch — 29,519 39,190 — 1,565 29,519 40,755 70,274 10,804 2016 Stone Ridge Market — 8,935 38,754 — (6,501) 8,935 32,253 41,188 1,477 2022 Suncrest Village 8,400 6,742 6,403 — 11,308 6,742 17,711 24,453 2,443 2014 Sycamore Commons — 12,500 31,265 — 2,277 12,500 33,542 46,042 16,873 2010 The Centre on Hugh Howell — 2,250 11,091 — 1,013 2,250 12,104 14,354 6,390 2007 The Highlands of Flower Mound 22,880 6,330 24,374 — (485) 6,330 23,889 30,219 1,852 2022 The Parke — 9,271 83,078 — 1,371 9,271 84,449 93,720 19,332 2017 The Pointe at Creedmoor — 7,507 5,454 — 82 7,507 5,536 13,043 1,670 2016 The Shoppes at Davis Lake — 6,232 12,903 — — 6,232 12,903 19,135 341 2023 The Shops at Town Center — 19,998 29,776 — 1,110 19,998 30,886 50,884 7,525 2017 Thomas Crossroads — 1,622 8,322 — 1,944 1,622 10,266 11,888 4,853 2009 Travilah Square — 8,964 39,836 — 607 8,964 40,443 49,407 5,914 2019 University Oaks Shopping Center — 7,250 25,326 (170) 8,934 7,080 34,260 41,340 17,141 2010 Westfork Plaza & Paraiso Parc — 28,267 124,019 — 6,129 28,267 130,148 158,415 31,238 2017 Initial Cost (A) Gross amount at which carried at end of period PROPERTY NAME Encumbrance Land Buildings and Improvements Adjustments to Land Basis (B) Adjustments to Basis (B) Land Buildings and Improvements Total (C) Accumulated Depreciation (D,E) Year Acquired Westpark Shopping Center $ — $ 7,462 $ 24,164 $ (4) $ 5,215 $ 7,458 $ 29,379 $ 36,837 $ 7,852 2013 Windward Commons — 12,823 13,779 (171) 881 12,652 14,660 27,312 4,138 2016 Total corporate assets — — — — 3,619 — 3,619 3,619 1,382 - Total $ 168,548 $ 685,679 $ 1,844,726 $ 8,989 $ 111,391 $ 694,668 $ 1,956,117 $ 2,650,785 $ 461,352 Construction in progress — — — 5,889 — 5,889 5,889 — Total investment properties $ 685,679 $ 1,844,726 $ 8,989 $ 117,280 $ 694,668 $ 1,962,006 $ 2,656,674 $ 461,352 Notes to Schedule III The aggregate cost of real estate owned at December 31, 2023 for federal income tax purposes was approximately $2,996,600 (unaudited). (A) The initial cost to the Company represents the original purchase price of the asset, including amounts incurred subsequent to acquisition which were contemplated at the time the property was acquired. (B) Cost capitalized subsequent to acquisition includes additional tangible costs associated with investment properties. Amount also includes impairment charges recorded subsequent to acquisition to reduce basis. (C) Reconciliation of total investment properties: 2023 2022 2021 Balance at January 1, $ 2,481,662 $ 2,273,103 $ 2,221,689 Acquisitions and capital improvements 191,666 307,177 71,324 Disposals and write-offs of assets no longer in service (16,654) (98,618) (19,910) Balance at December 31, $ 2,656,674 $ 2,481,662 $ 2,273,103 (D) Reconciliation of accumulated depreciation: 2023 2022 2021 Balance at January 1, $ 389,361 $ 350,256 $ 292,248 Depreciation expense 78,560 71,428 66,275 Disposal and write-offs of assets no longer in service (6,569) (32,323) (8,267) Balance at December 31, $ 461,352 $ 389,361 $ 350,256 (E) Depreciation is computed based upon the following estimated lives: Buildings and other improvements 15 - 30 years Tenant improvements Life of the lease Furniture, fixtures and equipment 3 - 20 years

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Variable Interest Entities	Variable Interest Entities
Revenue Recognition	Revenue Recognition Lease Income The majority of revenue recognized from the Company's retail properties is comprised of fixed and variable consideration received from tenants under long-term operating leases with varying terms. Fixed consideration generally consists of minimum lease payments for the rental of retail space while the variable consideration generally consists of reimbursements of the tenant's pro-rata share of certain operating expenses incurred by the Company, including real estate taxes, special assessments, insurance, utilities, common area maintenance, management fees and certain capital repairs. Certain other tenants are subject to net leases whereby the tenant is responsible for fixed minimum lease payments to the Company, as well as directly paying all costs and expenses associated with occupancy to third party service providers. Such direct payments to third parties are not recorded as revenue and expense by the Company. In accordance with Accounting Standards Codification ("ASC") 842, Leases , ("Topic 842"), the Company has elected to not separate lease and non-lease components for all qualifying leases. In effect, this generally relieves the Company from accounting for certain consideration under ASC 606, Revenue from Contracts with Customers ("Topic 606"). As a result of the election, all income arising from leases is presented on a combined basis as lease income, net. Minimum lease payments are recognized on a straight-line basis over the term of each lease. The cumulative difference between fixed consideration recognized on a straight-line basis and the cash payments due under the provisions of the lease agreements is recorded as deferred rent receivable and is included as a component of accounts and rents receivable. The Company records lease termination income when all conditions of a signed termination agreement have been met, the tenant is no longer occupying the property, and termination income amounts due are considered collectible. The Company defers recognition of contingent lease income until the specified target that triggers the contingent lease income is achieved. The Company commences revenue recognition on its leases when the lessee takes possession of, or controls the physical use of, the leased asset, unless the lessee is constructing improvements for which the Company is deemed to be the owner for accounting purposes. If the Company is deemed the owner for accounting purposes, the leased asset is the finished space and revenue recognition commences when the lessee takes possession of it, typically when the improvements are substantially complete. Alternatively, if the lessee is deemed to be the owner of the improvements for accounting purposes, then the leased asset is the unimproved space, and any tenant improvement allowances funded under the lease are treated as lease incentives, which reduce lease income recognized over the lease term, and the Company commences revenue recognition when the lessee takes possession of the unimproved space. The determination of who owns the tenant improvements, for accounting purposes, is based on contractual rights and subject to judgment. In making that judgment, no one factor is determinative. The Company routinely considers: • whether the lease stipulates how and on what a tenant improvement allowance may be spent; • whether the tenant is required to provide evidence supporting the cost of improvements prior to reimbursement; • whether the tenant or landlord retains legal title to the improvements; • the uniqueness of the improvements; • the expected economic life of the tenant improvements relative to the length of the lease; and • who constructs or directs the construction of the improvements. Credit Losses The Company reviews the collectability of amounts due from its tenants on a regular basis. Such reviews consider the tenant's financial condition and payment history and other economic conditions impacting the tenant. Changes in collectability occur when the Company no longer believes it is probable that substantially all the lease payments will be collected over the term of the lease. If collection is not probable, the lease payments will be accounted for on a cash basis and revenue will be recorded as cash is received. If reassessed, and the collection of substantially all of the lease payments from the tenant becomes probable, the accrual basis of revenue recognition is reestablished. The provision for estimated credit losses resulting from changes in the expected collectability of lease payments, including variable payments, is recognized as a direct adjustment to lease income, and a direct write-off of the operating lease receivables, including straight-line rent receivable. Other Fee Income The Company recognizes other fee income when it satisfies a performance obligation relating to services provided to its joint venture partnership. The Company generally does not receive prepayments for services or recognize revenue prior to being legally entitled to payment. As a result, the Company does not generally record contract assets or contract liabilities. Property management and asset management fees are recognized over time as services are rendered to the joint venture partnership. The bundled services of the property management performance obligation and asset management performance obligation each qualify as a series of distinct services satisfied over time. The variability in timing of the property management and asset management fees, which generally relate to the fluctuation in cash receipts from tenants and potential changes in equity capitalization, are resolved on a monthly basis. Leasing commissions and other fees are recognized at a point in time consistent with the underlying service rendered to the joint venture partnership. Generally, the first and second installments of leasing commissions are paid upon lease execution and rent commencement, respectively. Sale of Real Estate
Acquisition of Real Estate	Acquisition of Real Estate The Company evaluates the inputs, processes and outputs of each asset acquired to determine if the transaction is a business combination or asset acquisition. If an acquisition qualifies as a business combination, the related transaction costs are expensed. If an acquisition qualifies as an asset acquisition, the related transaction costs are capitalized and amortized over the useful life of the acquired assets. Generally, our acquisitions of real estate qualify as asset acquisitions. The Company allocates the purchase price of real estate to land, building, other building improvements, tenant improvements, intangible assets and liabilities (such as the value of above- and below-market leases, and in-place leases). The values of above- and below-market leases are recorded as intangible assets and intangible liabilities, respectively, and are amortized as either a decrease (in the case of above-market leases) or an increase (in the case of below-market leases) to lease income, net over the remaining term of the associated lease. The values, if any, associated with in-place leases are recorded as intangible assets and amortized to depreciation and amortization expense over the remaining lease term. The difference between the contractual rental rates and the Company's estimate of market rental rates is measured over a period equal to the remaining non-cancelable term of the leases plus the term of any below-market renewal options. For the amortization period, the remaining term of leases with renewal options at terms below market reflect the assumed exercise of such below-market renewal options, if reasonably assured. If a tenant vacates its space prior to the contractual expiration of the lease and no rental payments are being made on the lease, any unamortized balance of the related intangible asset or liability is written off. Tenant improvements are depreciated and origination costs are amortized over the remaining term of the lease or charged against earnings if the lease is terminated prior to its contractual expiration date. With the assistance of a third-party valuation specialist, the Company performs the following procedures for assets acquired: • Estimate the value of the property "as if vacant" as of the acquisition date; • Allocate the value of the property among land, building, and other building improvements and determine the associated useful life for each; • Calculate the value and associated life of above- and below-market leases on a tenant-by-tenant basis. The difference between the contractual rental rates and the Company’s estimate of market rental rates is measured over a period equal to the remaining term of the leases (using a discount rate which reflects the risks associated with the leases acquired, including geographical location, size of leased area, tenant profile and credit risk); • Estimate the fair value of the tenant improvements, legal costs and leasing commissions incurred to obtain the leases and calculate the associated useful life for each; • Estimate the fair value of assumed debt, if any; and •
Properties Held for Sale	Properties Held for Sale In determining whether to classify a property as held for sale, the Company considers whether: (i) management has committed to a plan to sell the property; (ii) the property is available for immediate sale, in its present condition; (iii) the Company has initiated a program to locate a buyer; (iv) the Company believes that the sale of the property is probable; (v) the Company has received a significant non-refundable deposit for the purchase of the property; (vi) the Company is actively marketing the property for sale at a price that is reasonable in relation to its estimated fair value; and (vii) actions required for the Company to complete the plan indicate that it is unlikely that any significant changes will be made to the plan. When all criteria are met, the property is classified as held for sale and carried at the lower of cost or estimated fair value less costs to sell. Additionally, if the sale represents a strategic shift that has (or will have) a major effect on the Company's results and operations, the income and expenses for the period are classified as discontinued operations for all periods presented.
Impairment of Long Lived Assets	Impairment of Long Lived Assets The Company assesses the carrying values of long-lived tangible and intangible assets whenever events or changes in circumstances indicate that they may not be fully recoverable, such as a reduction in the expected hold period of a property. When such event or circumstances occur, if it is expected that the carrying value is not recoverable because the expected undiscounted cash flows do not exceed that carrying value, the Company recognizes an impairment loss to the extent that the carrying value exceeds the estimated fair value. The valuation and possible subsequent impairment of investment properties is a significant estimate that can and does change based on the Company's continuous process of analyzing each property's economic condition over time and reviewing and updating assumptions about uncertain inherent factors, including observable inputs such as contractual revenues and unobservable inputs such as forecasted revenues and expenses, estimated net disposition proceeds, and discount rate. These unobservable inputs are based on a property's market conditions and expected growth rates. Assumptions and estimates about future cash flows and capitalization rates are complex and subjective. Changes in economic and operating conditions and the Company's ultimate investment intent that occur subsequent to the impairment analyses could impact these assumptions and result in additional impairment. The Company's assessment of expected hold period for investment properties evaluated for impairment is of particular significance because of the material impact it has on the evaluation of the property's recoverability. Changes in the Company's disposition strategy or changes in the marketplace may alter the hold period of an asset or asset group which may result in an impairment loss and such loss could be material to the Company's financial condition or operating performance. Periodically, management assesses whether there are any indicators that the carrying value of the Company's investments in unconsolidated entities may be other-than-temporarily impaired. To the extent other-than-temporary impairment has occurred, the loss is measured as the excess of the carrying value of the investment over the estimated fair value of the investment. The estimated fair value of the investment is generally derived from the cash flows generated from the underlying real property investments of the investee.
Real Estate Capitalization and Depreciation	Real Estate Capitalization and Depreciation Real estate is reflected at cost less accumulated depreciation within investment properties on the consolidated balance sheets. Ordinary repairs and maintenance are expensed as incurred. Depreciation expense is computed using the straight-line method. A range of estimated useful lives of 15-30 years is used for buildings and other improvements, and a range of 3-20 years is used for furniture, fixtures and equipment. Tenant improvements are amortized on a straight-line basis over the lesser of the life of the tenant improvement or the lease term. Amortization is included in depreciation and amortization expense. Deferred leasing costs are recognized as a part of deferred costs and other assets, net and are amortized to depreciation and amortization expense over the remaining term of the associated tenant lease. Direct and indirect costs that are clearly related to the construction and improvements of investment properties are capitalized. Costs incurred for interest, property taxes and insurance are capitalized during periods in which activities necessary to prepare the property for its intended use are in progress.
Cash, Cash Equivalents	Cash, Cash Equivalents and Restricted Cash The Company considers all demand deposits, money market accounts and investments in certificates of deposit and repurchase agreements with a maturity of three months or less, at the date of purchase, to be cash equivalents. The Company maintains its cash and cash equivalents at financial institutions. The combined account balances at one or more institutions generally exceed the Federal Deposit Insurance Corporation ("FDIC") insurance coverage. The Company periodically assesses the credit risk associated with these financial institutions. The Company believes insignificant credit risk exists related to amounts on deposit in excess of FDIC insurance coverage.
Restricted Cash	The Company had restricted cash of $3,378 and $142 as of December 31, 2023 and 2022, respectively. Restricted cash often consists of lenders' escrows, operating real estate escrows for taxes, insurance, capital expenditures and payments required under certain lease agreements, and funds restricted through lender or other agreements, including funds held in escrow for future acquisitions.
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820, Fair Value Measurement and Disclosures ("Topic 820"), the Company defines fair value based on the price that would be received upon sale of an asset or the exit price that would be paid to transfer or settle a liability in an orderly transaction between market participants at the measurement date. The Company uses a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value. The fair value hierarchy consists of the three broad levels described below: • Level 1 - Quoted prices in active markets for identical assets or liabilities that the entity has the ability to access. • Level 2 - Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The Company has estimated the fair value of its financial instruments and non-financial assets using available market information and valuation methodologies the Company believes to be appropriate for these purposes. Considerable judgment and a high degree of subjectivity are involved in developing these estimates and, accordingly, they are not necessarily indicative of amounts that would be realized upon disposition.
Stock-Based Compensation Plans	Stock-Based Compensation Plans Incentive Award Plan Effective June 19, 2015, the Company's board of directors (the "Board") adopted the InvenTrust Properties Corp. 2015 Incentive Award Plan (the "Incentive Award Plan"), under which the Company may grant cash and equity incentive awards to eligible employees, directors, and consultants. The Company has awarded time-based restricted stock units ("RSUs"), performance-based RSUs, and market-based RSUs with tandem dividend equivalents. Compensation expense related to these awards, which are generally equity classified, is recognized as a part of general and administrative expense. The tandem dividend equivalent cash payments of awards granted during the years ended December 31, 2023 and 2022 are recognized within equity. The tandem dividend equivalent cash payments of awards granted during the year ended December 31, 2021 are recognized within earnings. Forfeitures of awards are recognized as they occur. Time-based awards are generally measured at grant date fair value and not subsequently remeasured. Compensation expense related to these awards is recognized on a straight-line basis over the vesting period. Time-based awards granted to employees vest equally on each of the first three Performance-based awards are measured at grant date fair value and each grantee is eligible to vest in a number of RSUs ranging from 0% to 100% of the total number granted based on specified performance levels. Performance-based awards vest within 45 days of the conclusion of the performance period and are generally subject to the recipients' continued service to the Company. Compensation cost is recognized when the performance condition is considered probable of achievement. If a performance award has more than one potential outcome, recognition of compensation cost is based on the most likely outcome. During the service period, a cumulative catch-up approach is used to account for changes in the assessment of which outcome is most likely to occur. Market-based awards are valued as of the grant date utilizing a Monte Carlo simulation model that assesses the probability of satisfying certain market performance thresholds over a three year performance period. Market-based awards vest within 45 days of the conclusion of the performance period and are generally subject to the recipients' continued service to the Company. The number of common shares ultimately issued is based on the Company's total shareholder return ("TSR") relative to that of the FTSE NAREIT Shopping Index peer group on a percentile basis. The resulting compensation expense is recorded over the service period regardless of whether the TSR performance measures are achieved. Employee Stock Purchase Plan
Derivative Instruments	Derivative Instruments In the normal course of business, the Company is exposed to the effect of interest rate changes. The Company's objective in using interest rate derivatives is to manage its exposure to interest rate movements and add stability to interest expense. To accomplish this objective, the Company uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable rate amounts from a counterparty in exchange for the Company making fixed rate payments over the life of the agreement without exchange of the underlying notional amount. The Company has a policy of only entering into contracts with established financial institutions based upon their credit ratings and other factors. When viewed in conjunction with the underlying and offsetting exposure that the derivatives are designed to hedge, the Company has not sustained a material loss from those instruments, nor does it anticipate any material adverse effect on its net income or financial position in the future from the use of derivatives. The Company recognizes all derivatives on the consolidated balance sheets at fair value. Additionally, changes in fair value will affect either equity or earnings depending on whether the derivative instruments qualify as a hedge for accounting purposes and, if so, the nature of the hedging activity. When the underlying transaction is terminated or completed, all changes in the fair value of the instrument are marked-to-market with changes in value included in earnings each period until the instrument matures. Any derivative instrument used for risk management that does not meet the criteria for hedge accounting is marked-to-market each period in earnings. The Company does not use derivatives for trading or speculative purposes.
Income Taxes	Income Taxes The Company has elected and operates in a manner to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code") for federal income tax purposes commencing with the tax year ended December 31, 2005. To qualify as a REIT, the Company is generally required to distribute at least 90% of its REIT taxable income (subject to certain adjustments) to its stockholders each year (the "90% Distribution Requirement"). As a REIT, the Company is entitled to a tax deduction for some or all of the dividends paid to stockholders. Accordingly, the Company generally will not be subject to federal income taxes as long as it currently distributes to stockholders an amount equal to or in excess of the Company's taxable income. If the Company fails to qualify as a REIT in any taxable year, without the benefit of certain relief provisions, the Company will be subject to federal and state income tax on its taxable income at regular corporate tax rates. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income, property or net worth and federal income and excise taxes on its undistributed income. From time to time, the Company may elect to treat certain of its consolidated subsidiaries as taxable REIT subsidiaries ("TRSs") pursuant to the Code. Among other activities, TRSs may participate in non-real estate related activities and/or perform non-customary services for tenants and are subject to federal and state income tax at regular corporate tax rates. Income tax expense or benefit is recognized as a part of other income and expense, net. During the years ended December 31, 2023, 2022, and 2021 the Company did not have any operations within TRSs.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Standard Description Date of Effect on the financial statements or other significant matters ASU No. 2023-07 ASU No. 2023-07 is intended to improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis. December 2024 The Company is continuing to evaluate this guidance, but expects the standard to impact our disclosures around our single reportable segment and is not anticipated to have an impact on the Company's financial position, results of operations, or cash flows. Other recently issued accounting standards or pronouncements not disclosed in the foregoing table have been excluded because they are either not relevant to the Company, or are not expected to have, or did not have, a material effect on the consolidated financial statements of the Company.

Organization (Tables)

Organization (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Multi-Tenant Retail Portfolio	The following table summarizes the Company's retail portfolio as of December 31, 2023 and 2022: Wholly-Owned Retail Properties Unconsolidated Retail Properties at 100% 2023 2022 2023 2022 No. of properties 62 58 — 4 Gross Leasable Area (square feet) 10,324 9,171 — 1,125

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Recently Issued Accounting Pronouncements Adopted	Standard Description Date of Effect on the financial statements or other significant matters ASU No. 2023-07 ASU No. 2023-07 is intended to improve financial reporting by requiring disclosure of incremental segment information on an annual and interim basis. December 2024 The Company is continuing to evaluate this guidance, but expects the standard to impact our disclosures around our single reportable segment and is not anticipated to have an impact on the Company's financial position, results of operations, or cash flows.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Summary of Minimum Lease Payments to be Received	Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows: For the year ending December 31, As of December 31, 2023 2024 $ 188,912 2025 178,186 2026 159,268 2027 127,019 2028 100,057 Thereafter 346,370 Total $ 1,099,812
Summary of Disaggregation of Lease Income, Net	The following table reflects the disaggregation of lease income, net: Year Ended December 31, 2023 2022 2021 Minimum base rent $ 165,267 $ 145,467 $ 128,716 Real estate tax recoveries 31,220 30,107 27,874 Common area maintenance, insurance, and other recoveries 30,731 28,072 23,948 Ground rent income 19,044 14,991 13,167 Amortization of market-lease intangibles and inducements, net 3,343 5,589 4,318 Short-term and other lease income 4,389 4,333 3,378 Termination fee income 836 339 406 Straight-line rent adjustment, net 3,464 2,645 3,272 Reversal of (provision for) uncollectible straight-line rent (115) 1,170 (468) Provision for uncollectible billed rent and recoveries (1,628) (1,065) (2,264) Reversal of uncollectible billed rent and recoveries 595 1,332 5,003 Lease income, net $ 257,146 $ 232,980 $ 207,350
Summary of Disaggregation of Other Fee Income	The following table reflects the disaggregation of other fee income: Timing of Satisfaction of Year Ended December 31, 2023 2022 2021 Property management fees Over time $ 48 $ 1,301 $ 1,952 Asset management fees Over time 32 882 1,128 Leasing commissions and other fees Point in time — 383 462 Other fee income $ 80 $ 2,566 $ 3,542

Acquired Properties (Tables)

Acquired Properties (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Summary of Retail Properties Acquired	The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2023: Date Property Metropolitan Area Square Feet Gross Assumption of Mortgage Debt January 18, 2023 Bay Colony (a) Houston, TX 416 $ 79,100 $ 41,969 January 18, 2023 Blackhawk Town Center (a) Houston, TX 127 26,300 13,008 January 18, 2023 Cyfair Town Center (a) Houston, TX 433 79,200 30,880 January 18, 2023 Stables Town Center (a) Houston, TX 148 37,000 6,611 June 2, 2023 The Shoppes at Davis Lake Charlotte, NC 91 22,400 — 1,215 $ 244,000 $ 92,468 (a) These retail properties were acquired from the Company's unconsolidated joint venture, IAGM, as disclosed in "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties. The following table reflects the retail properties acquired, accounted for as asset acquisitions, during the year ended December 31, 2022: Date Property Metropolitan Area Square Feet Gross Assumption of Mortgage Debt February 2, 2022 Shops at Arbor Trails Austin, TX 357 $ 112,190 $ 31,500 February 2, 2022 Escarpment Village Austin, TX 170 77,150 26,000 April 21, 2022 The Highlands of Flower Mound (a) Dallas, TX 175 38,000 22,880 May 4, 2022 Bay Landing Fort Myers, FL 63 10,425 — June 10, 2022 Kyle Marketplace - Outparcel (b) Austin, TX — 705 — October 28, 2022 Eastfield Village Charlotte, NC 96 22,500 — December 16, 2022 Stone Ridge Market (a) San Antonio, TX 219 58,100 — 1,080 $ 319,070 $ 80,380 (a) These retail properties were acquired from the Company's unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $499 related to the pooled mortgage debt on these properties. (b) The Company acquired a parcel of vacant land adjacent to this retail property. The assets, liabilities and operations of the outparcel acquired are combined for presentation purposes with the retail property already owned by the Company.

Disposed Properties (Tables)

Disposed Properties (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Summary of Disposal Groups, Not Discontinued Operations, Disposal Activity	The following table reflects the real property disposed of during the year ended December 31, 2023: Date Property Metropolitan Area Square Feet Gross Gain on Sale June 20, 2023 Shops at Galleria (a) Austin, TX N/A $ 1,692 $ 984 August 25, 2023 Trowbridge Crossing Atlanta, GA 63 11,450 1,707 63 $ 13,142 $ 2,691 (a) This disposition was related to the completion of a partial condemnation at one retail property. The following table reflects the real property disposed of during the year ended December 31, 2022: Date Property Metropolitan Area Square Feet Gross Gain (Loss) June 30, 2022 Centerplace of Greeley Denver, CO 152 $ 37,550 $ 25,147 June 30, 2022 Cheyenne Meadows Denver, CO 90 17,900 11,709 December 15, 2022 The Shops at Walnut Creek (a) Denver, CO 225 55,000 1,393 467 $ 110,450 $ 38,249 (a) The property's buyer assumed a $28,600 mortgage payable secured by the property. We recognized a loss on debt extinguishment of $80 related to the buyer's assumption.

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Summary of Equity Method Investments	The following table reflects the real property disposed by IAGM since January 1, 2022: Date Property Square Feet Gross IAGM's The Company's Gain Deferral March 3, 2022 Price Plaza (a) 206 $ 39,100 $ 3,751 $ — April 21, 2022 The Highlands of Flower Mound (b) 175 38,000 1,244 684 December 16, 2022 Stone Ridge Market (b) 219 58,100 12,287 6,758 December 22, 2022 Stables Town Center (c) 43 7,800 (244) — January 18, 2023 Bay Colony (b) 416 79,100 22,327 12,280 January 18, 2023 Blackhawk Town Center (b) 127 26,300 12,632 6,948 January 18, 2023 Cyfair Town Center (b) 433 79,200 4,713 2,592 January 18, 2023 Stables Town Center (b) 148 37,000 5,536 3,045 (a) The buyer assumed a $17,800 mortgage payable secured by the property. (b) The Company purchased these properties at a purchase price determined by a third party real estate valuation specialist. (c)
Summary of Combined Financial Information of Investment in Unconsolidated Entities	The following table presents condensed balance sheet information for IAGM as of December 31, 2022: As of December 31, 2022 Assets: Net investment properties $ 161,312 Other assets 65,565 Total assets $ 226,877 Liabilities and equity: Mortgage debt, net $ 92,186 Other liabilities 7,392 Equity 127,299 Total liabilities and equity $ 226,877 Company's share of equity $ 70,869 Outside basis difference, net (a) (14,738) Carrying value of investments in unconsolidated entities $ 56,131 (a) The outside basis difference relates to the unamortized deferred gains on historical property sales from IAGM to the Company. The following table presents condensed income statement information of IAGM: Year ended December 31, IAGM 2023 2022 2021 Total income $ 952 $ 27,764 $ 42,145 Depreciation and amortization (622) (10,508) (14,437) Property operating (232) (5,149) (7,265) Real estate taxes (127) (4,086) (7,507) Asset management fees (32) (882) (1,128) Interest expense, net (143) (4,002) (5,637) Other income and expense, net 447 (245) (422) Gain (loss) on debt extinguishment 444 (219) (229) Gain on sale of real estate, net 45,208 17,038 18,294 Gain on sale of derivatives 2,556 — — Net income $ 48,451 $ 19,711 $ 23,814 Company's share of net income $ 26,648 $ 10,832 $ 13,089 Outside basis adjustment for investee's sale of real estate, net (27,175) (7,169) (6,691) Outside basis adjustment for investee's NCI redemption (30) — — Equity in (losses) earnings of unconsolidated entities $ (557) $ 3,663 $ 6,398

Intangible Assets, Liabilitie_2

Intangible Assets, Liabilities, and Deferred Leasing Costs (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets and Goodwill	The following table summarizes the Company's intangible assets, liabilities, and deferred leasing costs as of December 31, 2023 and 2022: As of December 31, 2023 2022 Intangible assets: In-place leases $ 183,139 $ 158,155 Above-market leases 17,967 16,082 Intangible assets 201,106 174,237 Accumulated amortization: In-place leases (78,177) (66,347) Above-market leases (8,444) (6,723) Accumulated amortization (86,621) (73,070) Intangible assets, net $ 114,485 $ 101,167 Intangible liabilities: Below-market leases $ 52,412 $ 55,501 Accumulated amortization (22,068) (25,843) Intangible liabilities, net $ 30,344 $ 29,658 Deferred leasing costs: Leasing costs $ 22,621 $ 20,949 Accumulated amortization (7,626) (7,114) Deferred leasing costs, net $ 14,995 $ 13,835
Summary of Identified Intangible Assets and Liabilities	The following table summarizes the amortization related to intangible assets, liabilities, and deferred leasing costs for the years ended December 31, 2023, 2022 and 2021: Year ended December 31, 2023 2022 2021 Intangible assets: In-place leases $ 32,179 $ 20,993 $ 18,730 Above-market leases 2,977 2,018 2,036 Amortization of intangible assets $ 35,156 $ 23,011 $ 20,766 Intangible liabilities: Amortization of below-market leases $ 5,976 $ 7,403 $ 6,317 Deferred leasing costs: Amortization of deferred leasing costs $ 2,691 $ 2,533 $ 2,138
Summary of Finite-Lived Intangible Assets, Future Amortization Expense	The following table summarizes the amortization during the next five years and thereafter related to intangible assets, liabilities, and deferred leasing costs as of December 31, 2023: Year ending December 31, In-place leases Above market leases Below market leases Deferred leasing costs 2024 $ 24,961 $ 2,368 $ 4,312 $ 3,507 2025 19,611 1,863 3,762 2,290 2026 15,047 1,461 3,237 2,123 2027 10,513 1,002 2,315 1,842 2028 7,764 753 1,840 1,515 Thereafter 27,066 2,076 14,878 3,718 Total $ 104,962 $ 9,523 $ 30,344 $ 14,995

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Summary of Debt	The following table summarizes the Company's debt as of December 31, 2023 and 2022: Interest As of December 31, 2023 As of December 31, 2022 Maturity Date Interest Rate Amount Interest Rate Amount Mortgages Payable Fixed rate mortgages payable Various Fixed 4.01% (a) $ 96,080 3.95% (a) $ 109,812 Variable rate mortgages payable 11/2/2024 Variable 1M SOFR +1.65% (b) 72,468 — — Total 168,548 109,812 Term Loans $200.0 million 5 years 9/22/2026 Fixed 2.81% (c) 100,000 2.71% (c) 100,000 $200.0 million 5 years 9/22/2026 Fixed 2.81% (c) 100,000 2.72% (c) 100,000 $200.0 million 5.5 years 3/22/2027 Fixed 2.77% (c) 50,000 2.77% (c) 50,000 $200.0 million 5.5 years 3/22/2027 Fixed 2.76% (c) 50,000 2.76% (c) 50,000 $200.0 million 5.5 years 3/22/2027 Fixed 4.99% (d) 100,000 1M SOFR + 1.30% (b) 100,000 Total 400,000 400,000 Senior Notes $150.0 million Series A Notes 8/11/2029 Fixed 5.07% 150,000 5.07% 150,000 $100.0 million Series B Notes 8/11/2032 Fixed 5.20% 100,000 5.20% 100,000 Total 250,000 250,000 Revolving Line of Credit $350.0 million total capacity 9/22/2025 Variable 1M SOFR + 1.14% (b)(e) — 1M SOFR + 1.14% (b)(e) — Total debt 4.29% 818,548 4.08% 759,812 Debt discounts and issuance costs, net (3,980) (5,261) Debt, net $ 814,568 $ 754,551 (a) Interest rates reflect the weighted average of the Company's mortgages payable. (b) As of December 31, 2023 and 2022, 1-Month Term SOFR was 5.35% and 4.36%, respectively. (c) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (d) As of April 3, 2023, the variable portion was swapped to 3.69%, achieving a fixed rate of 4.99% through the maturity date. (e)
Summary of Maturities for Outstanding Mortgage Indebtedness	The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2023: Scheduled maturities by year: As of December 31, 2023 2024 $ 88,168 2025 22,880 2026 — 2027 26,000 2028 — Thereafter 31,500 Total $ 168,548
Summary of Interest Rate Swaps	The following table summarizes the Company's five effective and two forward interest rate swaps as of December 31, 2023: Interest Rate Swaps Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5.5 Year Term Loan 50,000 1-Month SOFR 1.47% 2.77% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month SOFR 1.46% 2.76% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 100,000 1-Month SOFR 3.69% 4.99% Apr 3, 2023 Mar 22, 2027 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 $ 400,000 5.5 Year Term Loan 50,000 1-Month SOFR 1.48% 2.78% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month SOFR 1.54% 2.84% Jun 21, 2024 Mar 22, 2027 $ 100,000 The following table summarizes the Company's four effective and four forward interest rate swaps as of December 31, 2022: Interest Rate Swaps Notional Company Receives Company Pays Fixed Rate Achieved Effective Date Maturity Date 5 Year Term Loan $ 100,000 1-Month SOFR 1.41% 2.71% Dec 2, 2019 Dec 21, 2023 5 Year Term Loan 100,000 1-Month SOFR 1.42% 2.72% Dec 2, 2019 Dec 21, 2023 5.5 Year Term Loan 50,000 1-Month SOFR 1.47% 2.77% Dec 2, 2019 Jun 21, 2024 5.5 Year Term Loan 50,000 1-Month SOFR 1.46% 2.76% Dec 2, 2019 Jun 21, 2024 $ 300,000 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5 Year Term Loan 100,000 1-Month SOFR 1.51% 2.81% Dec 21, 2023 Sep 22, 2026 5.5 Year Term Loan 50,000 1-Month SOFR 1.48% 2.78% Jun 21, 2024 Mar 22, 2027 5.5 Year Term Loan 50,000 1-Month SOFR 1.54% 2.84% Jun 21, 2024 Mar 22, 2027 $ 300,000
Summary of Effect of Derivative Financial Instruments Included in AOCI	The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain recognized in accumulated Location and amount of gain (loss) Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2023 2022 2021 2023 2022 2021 2023 2022 2021 Unrealized gain on derivatives $ 6,228 $ 32,052 $ 3,795 Interest expense, net $ 14,875 $ 1,009 $ (4,332) Interest expense, net $ 38,138 $ 26,777 $ 16,261
Summary of Location of Derivative Financial Instruments on Consolidated Financial Statements	The following table summarizes the effects of derivative financial instruments on the consolidated financial statements: Location and amount of gain recognized in accumulated Location and amount of gain (loss) Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded 2023 2022 2021 2023 2022 2021 2023 2022 2021 Unrealized gain on derivatives $ 6,228 $ 32,052 $ 3,795 Interest expense, net $ 14,875 $ 1,009 $ (4,332) Interest expense, net $ 38,138 $ 26,777 $ 16,261

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Quantitative Disclosure of the Fair Value for Each Major Category of Assets and Liabilities	The following financial instruments are remeasured at fair value on a recurring basis: Fair Value Measurements as of Cash Flow Hedges: (a) (b) December 31, 2023 (c) December 31, 2022 (d) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative interest rate swaps — $ 18,074 — — $ 26,721 — (a) During the twelve months subsequent to December 31, 2023, an estimated $10,275 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings. (b) As of December 31, 2023 and 2022, the Company determined that the credit valuation adjustments associated with nonperformance risk are not significant to the overall valuation of its derivatives. As a result, the Company's derivative valuations in their entirety are classified as Level 2 of the fair value hierarchy. (c) The Company's derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively. (d) The Company's derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively. IAGM's derivative assets or liabilities were recognized as a part of investment in unconsolidated entities.
Summary of Fair Value of Financial Instruments Presented at Carrying Values	The following table summarizes the estimated fair value of financial instruments presented at carrying values in the Company's consolidated financial statements as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Carrying Value Estimated Market Carrying Value Estimated Market Mortgages payable $ 168,548 $ 161,320 6.86 % $ 109,812 $ 100,218 6.81 % Senior notes 250,000 233,635 6.31 % 250,000 235,820 6.05 % Term loans 400,000 399,539 5.10 % 400,000 401,470 5.11 % Revolving line of credit — — N/A — — N/A

Earnings Per Share and Equity_2

Earnings Per Share and Equity Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Summary of Earnings Per Share, Basic and Diluted	The following table reconciles the amounts used in calculating basic and diluted EPS: Year ended December 31, 2023 2022 2021 Numerator: Net income (loss) attributed to common shares $ 5,269 $ 52,233 $ (5,360) Earnings allocated to unvested restricted shares — — — Net income (loss) attributed to common shares - basic and diluted $ 5,269 $ 52,233 $ (5,360) Denominator: Weighted average common shares outstanding - basic 67,531,898 67,406,233 71,072,933 Dilutive effect of unvested restricted shares (a) 281,282 119,702 — Weighted average common shares outstanding - diluted 67,813,180 67,525,935 71,072,933 Basic and diluted earnings per common share: Net income (loss) per common share - basic $ 0.08 $ 0.77 $ (0.08) Net income (loss) per common share - diluted $ 0.08 $ 0.77 $ (0.08) (a) For the year ended December 31, 2021, unvested restricted shares were anti-dilutive.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Share-based Payment Award, Valuation Assumptions	The following table summarizes the Company's significant assumptions used in the Monte Carlo simulation models: At Grant Date 2023 2022 Volatility 34.00% 33.89% Risk free interest rate 4.45% 0.79 % - 1.76% Dividend Yield 3.20% 3.24%
Summary of Restricted Stock Unit Activity	The following table summarizes the Company's RSU activity during the years ended December 31, 2023, 2022, and 2021: Unvested Time- Unvested Performance Weighted Average Grant Outstanding as of January 1, 2021 110,382 332,095 $31.40 Shares granted 209,539 218,835 $28.90 Shares vested (167,806) — $30.04 Shares forfeited (13,880) (79,562) $30.73 Outstanding as of December 31, 2021 138,235 471,368 $30.12 Shares granted 127,862 396,338 $18.97 Shares vested (135,491) (76,520) $29.36 Unearned performance shares added back to Share Limit — (61,102) $31.40 Shares forfeited (7,179) (18,033) $23.42 Outstanding as of December 31, 2022 123,427 712,051 $23.35 Shares granted 152,393 445,828 $18.40 Shares vested (126,885) (60,042) $29.50 Unearned performance shares added back to Share Limit — (69,803) $31.40 Shares forfeited (1,343) (3,263) $19.51 Outstanding as of December 31, 2023 147,592 1,024,771 $19.36
Summary of Common Stock Activity Under the ESPP	The following table summarizes the Company's common stock activity under the ESPP: Year ended Shares purchased 11,728 Issuance price $20.07 Issuance proceeds $235
Summary of Company's Stock-Based Compensation Expense	The following table summarizes the Company's stock-based compensation expense: Year ended December 31, 2023 2022 2021 Incentive Award Plan, net (a) $ 8,953 $ 6,541 $ 9,116 Employee Stock Purchase Plan (b) 68 — — Stock-based compensation expense, net $ 9,021 9021 $ 6,541 $ 9,116 (a) As of December 31, 2023, there was $9,975 of total estimated unrecognized compensation expense related to the Incentive Award Plan which will be recognized through December 2025. (b)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Summary of Operating Lease	The following table summarizes the Company's operating lease arrangements as of December 31, 2023 and 2022: As of Balance Sheet Caption December 31, 2023 December 31, 2022 Operating lease ROU assets Deferred costs and other assets, net $ 3,220 $ 3,220 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (967) $ (570) Operating lease liabilities Other liabilities $ 3,023 $ 3,265 Weighted-average remaining lease term 6.0 years 6.7 years Weighted-average discount rate 4.47 % 4.35 %
Summary of Total Lease Cost, Weighted-Average Lease Terms and Weighted-Average Discount Rates	The following table summarizes the Company's operating lease arrangements for the years ended December 31, 2023 and 2022: Statement of Operations and Year ended December 31, 2023 2022 Minimum lease payments General and administrative $ 570 $ 528 Variable lease payments General and administrative 298 343 Short-term lease payments General and administrative 114 97 Total lease cost $ 982 $ 968
Summary of Future Operating Lease Obligations Maturity	The following table summarizes the Company's future minimum operating lease obligations as of December 31, 2023: Scheduled minimum payments by year: Future Minimum Lease Payments 2024 $ 628 2025 511 2026 517 2027 529 2028 522 Thereafter 786 Total expected minimum lease obligation 3,493 Less: Amount representing interest (a) (470) Present value of net minimum lease payments $ 3,023 (a) Interest includes the amount necessary to reduce the total expected minimum lease obligations to present value calculated at the Company's incremental borrowing rate.

Organization (Details)

Organization (Details)	12 Months Ended
	Dec. 31, 2023 ft² property	Dec. 31, 2022 ft² property
Organization [Line Items]
Number of managed retail properties | property	0	4
Gross leasable area (square feet) | ft²	0	1,125,000
Retail
Organization [Line Items]
Number of retail properties | property	62	58
Gross leasable area (square feet) | ft²	10,324,000	9,171,000

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Real Estate Capitalization and Depreciation (Details)	Dec. 31, 2023
Building and other improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Building and other improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Restricted cash	$ 3,378	$ 142

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Share-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2023
Unvested Time- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Unvested Time- Based RSUs | Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Performance Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	45 days
Market Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	45 days
Performance period	3 years
Minimum | Performance Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, percentage	0%
Maximum | Performance Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, percentage	100%

Revenue Recognition - Minimum L

Revenue Recognition - Minimum Lease Payments to be Received (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Minimum Lease Payments:
2024	$ 188,912
2025	178,186
2026	159,268
2027	127,019
2028	100,057
Thereafter	346,370
Total	$ 1,099,812

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Dec. 31, 2023
Minimum
Disaggregation of Revenue [Line Items]
Remaining lease term	1 year
Maximum
Disaggregation of Revenue [Line Items]
Remaining lease term	57 years

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Minimum base rent	$ 165,267	$ 145,467	$ 128,716
Lease income, net	257,146	232,980	207,350
Reversal of (provision for) uncollectible straight-line rent	(115)	1,170	(468)
Provision for uncollectible billed rent and recoveries	(1,628)	(1,065)	(2,264)
Real estate tax recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	31,220	30,107	27,874
Common area maintenance, insurance, and other recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	30,731	28,072	23,948
Ground rent income
Disaggregation of Revenue [Line Items]
Lease income, net	19,044	14,991	13,167
Amortization of market-lease intangibles and inducements, net
Disaggregation of Revenue [Line Items]
Lease income, net	3,343	5,589	4,318
Short-term and other lease income
Disaggregation of Revenue [Line Items]
Lease income, net	4,389	4,333	3,378
Termination fee income
Disaggregation of Revenue [Line Items]
Lease income, net	836	339	406
Straight-line rent adjustment, net
Disaggregation of Revenue [Line Items]
Lease income, net	3,464	2,645	3,272
Reversal of uncollectible billed rent and recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	$ 595	$ 1,332	$ 5,003

Revenue Recognition - Disaggr_2

Revenue Recognition - Disaggregation of Other Fee Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property management fees
Disaggregation of Revenue [Line Items]
Other fee income	$ 48	$ 1,301	$ 1,952
Asset management fees
Disaggregation of Revenue [Line Items]
Other fee income	32	882	1,128
Leasing commissions and other fees
Disaggregation of Revenue [Line Items]
Other fee income	0	383	462
Other fee income
Disaggregation of Revenue [Line Items]
Other fee income	$ 80	$ 2,566	$ 3,542

Acquired Properties - Schedule

Acquired Properties - Schedule of Retail Properties Acquired (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Business Acquisition [Line Items]
Square Feet | ft²	0	1,125,000
Retail
Business Acquisition [Line Items]
Square Feet | ft²	1,215,000	1,080,000
Gross Acquisition Price	$ 244,000	$ 319,070
Assumption of Mortgage Debt	92,468	80,380
Fair value assumption of mortgage debt	$ 692	$ 499
Retail | Bay Colony
Business Acquisition [Line Items]
Square Feet | ft²	416,000
Gross Acquisition Price	$ 79,100
Assumption of Mortgage Debt	$ 41,969
Retail | Blackhawk Town Center
Business Acquisition [Line Items]
Square Feet | ft²	127,000
Gross Acquisition Price	$ 26,300
Assumption of Mortgage Debt	$ 13,008
Retail | Cyfair Town Center
Business Acquisition [Line Items]
Square Feet | ft²	433,000
Gross Acquisition Price	$ 79,200
Assumption of Mortgage Debt	$ 30,880
Retail | Stables Town Center
Business Acquisition [Line Items]
Square Feet | ft²	148,000
Gross Acquisition Price	$ 37,000
Assumption of Mortgage Debt	$ 6,611
Retail | The Shoppes at Davis Lake
Business Acquisition [Line Items]
Square Feet | ft²	91,000
Gross Acquisition Price	$ 22,400
Assumption of Mortgage Debt	$ 0
Retail | Shops at Arbor Trails
Business Acquisition [Line Items]
Square Feet | ft²		357,000
Gross Acquisition Price		$ 112,190
Assumption of Mortgage Debt		$ 31,500
Retail | Escarpment Village
Business Acquisition [Line Items]
Square Feet | ft²		170,000
Gross Acquisition Price		$ 77,150
Assumption of Mortgage Debt		$ 26,000
Retail | The Highlands of Flower Mound
Business Acquisition [Line Items]
Square Feet | ft²		175,000
Gross Acquisition Price		$ 38,000
Assumption of Mortgage Debt		$ 22,880
Retail | Bay Landing
Business Acquisition [Line Items]
Square Feet | ft²		63,000
Gross Acquisition Price		$ 10,425
Assumption of Mortgage Debt		$ 0
Retail | Kyle Marketplace - Outparcel
Business Acquisition [Line Items]
Square Feet | ft²		0
Gross Acquisition Price		$ 705
Assumption of Mortgage Debt		$ 0
Retail | Eastfield Village
Business Acquisition [Line Items]
Square Feet | ft²		96,000
Gross Acquisition Price		$ 22,500
Assumption of Mortgage Debt		$ 0
Retail | Stone Ridge Market
Business Acquisition [Line Items]
Square Feet | ft²		219,000
Gross Acquisition Price		$ 58,100
Assumption of Mortgage Debt		$ 0

Acquired Properties - Narrative

Acquired Properties - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Transaction costs capitalized	$ 150	$ 1,079	$ 59

Disposed Properties (Details)

Disposed Properties (Details) $ in Thousands	12 Months Ended
	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 Feet | ft²	0	1,125,000
Gross Disposition Price	$ 13,142	$ 110,450	$ 14,981
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
Loss on extinguishment of debt	$ 15	$ 181	$ 400
Retail
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	1,215,000	1,080,000
Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	63,000	467,000
Gross Disposition Price	$ 13,142	$ 110,450
Gain (Loss) on Sale, net	2,691	$ 38,249
Shops At The Galleria | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price	1,692
Gain (Loss) on Sale, net	$ 984
Trowbridge Crossing | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	63,000
Gross Disposition Price	$ 11,450
Gain (Loss) on Sale, net	$ 1,707
Centerplace of Greeley | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		152,000
Gross Disposition Price		$ 37,550
Gain (Loss) on Sale, net		$ 25,147
Cheyenne Meadows | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		90,000
Gross Disposition Price		$ 17,900
Gain (Loss) on Sale, net		$ 11,709
The Shops at Walnut Creek | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		225,000
Gross Disposition Price		$ 55,000
Gain (Loss) on Sale, net		1,393
Mortgage payable disposed		28,600
Loss on extinguishment of debt		$ 80

Investment in Unconsolidated _3

Investment in Unconsolidated Entities - Narrative (Details)			12 Months Ended
	Jan. 19, 2023 USD ($)	Jan. 18, 2023 USD ($) property interest_rate_swap	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) unconsolidated_entity	Dec. 31, 2021 USD ($)	Mar. 16, 2023 USD ($)
Variable Interest Entity [Line Items]
Gain on sale of real estate, net		$ 24,900,000
Distributions from unconsolidated entities			$ 95,065,000	$ 47,355,000	$ 0
Gain on sale of derivatives		1,400,000
IAGM Retail Fund I, LLC
Variable Interest Entity [Line Items]
Gain on sale of derivatives		$ 2,600,000
Interest Rate Swap
Variable Interest Entity [Line Items]
Number of instruments acquired | interest_rate_swap		2
Notional amount		$ 75,000,000				$ 100,000,000
IAGM
Variable Interest Entity [Line Items]
Number of properties acquired | property		4
Purchase price		$ 222,300,000
Assumed aggregate mortgage debt		$ 92,500,000
Distributions from unconsolidated entities	$ 71,400,000
IAGM Retail Fund I, LLC
Variable Interest Entity [Line Items]
Ownership percentage		100%		55%
Number of equity method investments | unconsolidated_entity				1
Gain on sale of real estate, net		$ 45,200,000
Deferred gain on real estates			$ 39,900,000

Investment in Unconsolidated _4

Investment in Unconsolidated Entities - Schedule of Real Property Acquired (Details) $ in Thousands						12 Months Ended
	Jan. 18, 2023 USD ($) ft²	Dec. 22, 2022 USD ($) ft²	Dec. 16, 2022 USD ($) ft²	Apr. 21, 2022 USD ($) ft²	Mar. 03, 2022 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 Feet | ft²						0	1,125,000
Gross Disposition Price						$ 13,142	$ 110,450	$ 14,981
Wholly-Owned Retail Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²						1,215,000	1,080,000
Wholly-Owned Retail Properties | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²						63,000	467,000
Gross Disposition Price						$ 13,142	$ 110,450
IAGM's Gain (Loss) on Sale						$ 2,691	$ 38,249
Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | IAGM Retail Fund I, LLC | Stables Town Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²		191,000
Price Plaza | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²					206,000
Gross Disposition Price					$ 39,100
IAGM's Gain (Loss) on Sale					3,751
The Company's Gain Deferral					0
Mortgage payable disposed					$ 17,800
The Highlands of Flower Mound | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²				175,000
Gross Disposition Price				$ 38,000
IAGM's Gain (Loss) on Sale				1,244
The Company's Gain Deferral				$ 684
Stone Ridge Market | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²			219,000
Gross Disposition Price			$ 58,100
IAGM's Gain (Loss) on Sale			12,287
The Company's Gain Deferral			$ 6,758
Stables Town Center | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	148,000	43,000
Gross Disposition Price	$ 37,000	$ 7,800
IAGM's Gain (Loss) on Sale	5,536	(244)
The Company's Gain Deferral	$ 3,045	$ 0
Bay Colony | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	416,000
Gross Disposition Price	$ 79,100
IAGM's Gain (Loss) on Sale	22,327
The Company's Gain Deferral	$ 12,280
Blackhawk Town Center | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	127,000
Gross Disposition Price	$ 26,300
IAGM's Gain (Loss) on Sale	12,632
The Company's Gain Deferral	$ 6,948
Cyfair Town Center | Wholly-Owned Retail Properties | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Disposed by Sale | IAGM Retail Fund I, LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	433,000
Gross Disposition Price	$ 79,200
IAGM's Gain (Loss) on Sale	4,713
The Company's Gain Deferral	$ 2,592

Investment in Unconsolidated _5

Investment in Unconsolidated Entities - Combined Financial Information (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 18, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets:
Net investment properties		$ 2,195,322	$ 2,092,301
Other assets		42,408	51,145
Total assets		2,487,331	2,473,034
Liabilities and equity:
Mortgage debt, net		814,568	754,551
Other liabilities		29,198	28,287
Equity		1,554,044	1,603,909	$ 1,571,552	$ 1,738,863
Total liabilities and stockholders' equity		2,487,331	2,473,034
Carrying value of investments in unconsolidated entities		0	56,131
Operating expenses
Total income		258,676	236,707	211,979
Depreciation and amortization		(113,430)	(94,952)	(87,143)
Real estate taxes		(34,809)	(32,925)	(31,312)
Interest expense, net		(38,138)	(26,777)	(16,261)
Gain (loss) on debt extinguishment		(15)	(181)	(400)
Gain on sale of real estate, net	$ 24,900
Gain on sale of derivatives	$ 1,400
Net income (loss)		5,269	52,233	(5,360)
Equity in (losses) earnings of unconsolidated entities		(557)	3,663	6,398
IAGM
Liabilities and equity:
Outside basis difference, net			(14,738)
Operating expenses
Equity in (losses) earnings of unconsolidated entities		(557)	3,663	6,398
IAGM
Assets:
Net investment properties			161,312
Other assets			65,565
Total assets			226,877
Liabilities and equity:
Mortgage debt, net			92,186
Other liabilities			7,392
Equity			127,299
Total liabilities and stockholders' equity			226,877
Company's share of equity			70,869
Carrying value of investments in unconsolidated entities			56,131
Operating expenses
Total income		952	27,764	42,145
Depreciation and amortization		(622)	(10,508)	(14,437)
Property operating		(232)	(5,149)	(7,265)
Real estate taxes		(127)	(4,086)	(7,507)
Asset management fees		(32)	(882)	(1,128)
Interest expense, net		(143)	(4,002)	(5,637)
Other income and expense, net		447	(245)	(422)
Gain (loss) on debt extinguishment		444	(219)	(229)
Gain on sale of real estate, net		45,208	17,038	18,294
Gain on sale of derivatives		2,556	0	0
Net income (loss)		48,451	19,711	23,814
Company's share of net income		26,648	10,832	13,089
Outside basis adjustment for investee's sale of real estate, net		(27,175)	(7,169)	(6,691)
Outside basis adjustment for investee's NCI redemption		$ (30)	$ 0	$ 0

Intangible Assets, Liabilitie_3

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
In-place leases	$ 183,139	$ 158,155
Above-market leases	17,967	16,082
Intangible assets	201,106	174,237
Accumulated amortization	(86,621)	(73,070)
Intangible assets, net	114,485	101,167
Below-market leases	52,412	55,501
Accumulated amortization	(22,068)	(25,843)
Total	30,344	29,658
Leasing costs	22,621	20,949
Accumulated amortization	(7,626)	(7,114)
Deferred leasing costs, net	14,995	13,835
In-place leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	(78,177)	(66,347)
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (8,444)	$ (6,723)

Intangible Assets, Liabilitie_4

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 35,156	$ 23,011	$ 20,766
Amortization of deferred leasing costs	2,691	2,533	2,138
In-place leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	32,179	20,993	18,730
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	2,977	2,018	2,036
Below market leases acquired
Finite-Lived Intangible Assets [Line Items]
Amortization of below-market leases	$ 5,976	$ 7,403	$ 6,317

Intangible Assets, Liabilitie_5

Intangible Assets, Liabilities, and Deferred Leasing Costs - Summary of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortization Income
2024	$ 4,312
2025	3,762
2026	3,237
2027	2,315
2028	1,840
Thereafter	14,878
Total	30,344	$ 29,658
In-place leases
Amortization Expense
2024	24,961
2025	19,611
2026	15,047
2027	10,513
2028	7,764
Thereafter	27,066
Total	104,962
Above-market leases
Amortization Expense
2024	2,368
2025	1,863
2026	1,461
2027	1,002
2028	753
Thereafter	2,076
Total	9,523
Deferred leasing costs
Amortization Expense
2024	3,507
2025	2,290
2026	2,123
2027	1,842
2028	1,515
Thereafter	3,718
Total	$ 14,995

Debt - Narrative (Details)

Debt - Narrative (Details)

12 Months Ended

Dec. 22, 2023 USD ($)

Oct. 17, 2023 USD ($) extension_option

Feb. 06, 2023 USD ($)

Aug. 11, 2022 USD ($)

Sep. 22, 2021 USD ($) tranche extension_option

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($) interest_rate_swap

Dec. 31, 2021 USD ($)

Dec. 31, 2023

Dec. 31, 2023 interest_rate_forward_swap

Dec. 31, 2023 interest_rate_swap

Nov. 02, 2023 interest_rate_swap

Apr. 03, 2023

Mar. 16, 2023 USD ($) interest_rate_swap

Jan. 18, 2023 USD ($) interest_rate_swap

Debt Instrument [Line Items]

Partial payment of mortgage debt

$ 32,000

$ 842,000

$ 1,306,000

Amount

818,548,000

$ 759,812,000

Stated interest rate (percent)

4.08%

4.29%

Number of interest rate forward swaps | interest_rate_swap

1

Interest Rate Swap

Debt Instrument [Line Items]

Number of derivatives held

4

2

5

Number of instruments acquired | interest_rate_swap

2

Number of instruments expired | interest_rate_swap

2

Notional amount

$ 100,000,000

$ 75,000,000

Fixed interest rate

3.69%

3.69%

Fixed interest rate achieved

4.99%

4.99%

Mortgages Payable

Debt Instrument [Line Items]

Debt extinguished

$ 13,700,000

Amount

168,548,000

$ 109,812,000

Senior Notes

Debt Instrument [Line Items]

Amount

250,000,000

250,000,000

Debt instrument, face amount

$ 250,000,000

Aggregate principal amount (in percentage)

5%

Debt instrument, redemption price ( in percentage)

100%

Term Loans

Debt Instrument [Line Items]

Amount

400,000,000

400,000,000

Variable rate mortgages payable | Mortgages Payable

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 92,500,000

Number of extension options exercised | extension_option

1

Number of extension options | extension_option

2

Extension option on line of credit, period

12 months

Partial payment of mortgage debt

$ 20,000,000

Amount

72,468,000

0

Revolving line of credit | Revolving line of credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 350,000,000

Number of extension options | extension_option

2

Extension option on line of credit, period

6 months

Term Loan | Unsecured Debt

Debt Instrument [Line Items]

Debt instrument, face amount

$ 400,000,000

Number of tranches | tranche

2

Term Loan, Tranche One | Unsecured Debt

Debt Instrument [Line Items]

Debt instrument, face amount

$ 200,000,000

Debt instrument, term

5 years

Term Loan, Tranche Two | Unsecured Debt

Debt Instrument [Line Items]

Debt instrument, face amount

$ 200,000,000

Debt instrument, term

5 years 6 months

5.07%, Senior Notes, Series A, Due 2029 | Senior Notes

Debt Instrument [Line Items]

Maximum borrowing capacity

150,000,000

Amount

150,000,000

$ 150,000,000

Debt instrument, face amount

$ 150,000,000

Stated interest rate (percent)

5.07%

5.07%

5.07%

5.20%, Senior Notes, Series B, Due 2032 | Senior Notes

Debt Instrument [Line Items]

Maximum borrowing capacity

100,000,000

Amount

$ 100,000,000

$ 100,000,000

Debt instrument, face amount

$ 100,000,000

Stated interest rate (percent)

5.20%

5.20%

5.20%

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Oct. 17, 2023	Apr. 03, 2023	Mar. 16, 2023	Aug. 11, 2022
Debt Instrument [Line Items]
Stated interest rate (percent)	4.29%	4.08%
Amount	$ 818,548,000	$ 759,812,000
Debt discounts and issuance costs, net	(3,980,000)	(5,261,000)
Debt, net	814,568,000	754,551,000
Interest Rate Swap
Debt Instrument [Line Items]
Fixed interest rate				3.69%	3.69%
Fixed interest rate achieved				4.99%	4.99%
Mortgages Payable
Debt Instrument [Line Items]
Amount	$ 168,548,000	$ 109,812,000
Mortgages Payable | Fixed rate mortgages payable
Debt Instrument [Line Items]
Stated interest rate (percent)	4.01%	3.95%
Amount	$ 96,080,000	$ 109,812,000
Mortgages Payable | Variable rate mortgages payable
Debt Instrument [Line Items]
Amount	$ 72,468,000	$ 0
Maximum borrowing capacity			$ 92,500,000
Mortgages Payable | Variable rate mortgages payable | One-month SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.65%	0%
Term Loans
Debt Instrument [Line Items]
Amount	$ 400,000,000	$ 400,000,000
Term Loans | 5 years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (percent)	2.81%	2.71%
Amount	$ 100,000,000	$ 100,000,000
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years
Term Loans | 5 years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (percent)	2.81%	2.72%
Amount	$ 100,000,000	$ 100,000,000
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years
Term Loans | 5.5 Years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (percent)	2.77%	2.77%
Amount	$ 50,000,000	$ 50,000,000
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Term Loans | 5.5 years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (percent)	2.76%	2.76%
Amount	$ 50,000,000	$ 50,000,000
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Term Loans | 5.5 years - variable rate
Debt Instrument [Line Items]
Amount	$ 100,000,000	$ 100,000,000
Debt instrument, face amount	$ 200,000,000
Debt instrument, term	5 years 6 months
Term Loans | 5.5 years - variable rate | One-month SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	4.99%	1.30%
Senior Notes
Debt Instrument [Line Items]
Amount	$ 250,000,000	$ 250,000,000
Debt instrument, face amount						$ 250,000,000
Senior Notes | 5.07%, Senior Notes, Series A, Due 2029
Debt Instrument [Line Items]
Stated interest rate (percent)	5.07%	5.07%				5.07%
Amount	$ 150,000,000	$ 150,000,000
Debt instrument, face amount						$ 150,000,000
Maximum borrowing capacity	$ 150,000,000
Senior Notes | 5.20%, Senior Notes, Series B, Due 2032
Debt Instrument [Line Items]
Stated interest rate (percent)	5.20%	5.20%				5.20%
Amount	$ 100,000,000	$ 100,000,000
Debt instrument, face amount						$ 100,000,000
Maximum borrowing capacity	100,000,000
Revolving Line of Credit | Revolving line of credit
Debt Instrument [Line Items]
Amount	0	$ 0
Maximum borrowing capacity	$ 350,000,000
Commitment fee percentage	0.15%
Revolving Line of Credit | One-month SOFR | Revolving line of credit
Debt Instrument [Line Items]
Basis spread on variable rate (percent)	1.14%	1.14%

Debt - Mortgage Maturities (Det

Debt - Mortgage Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 818,548	$ 759,812
Mortgages Payable
Debt Instrument [Line Items]
2024	88,168
2025	22,880
2026	0
2027	26,000
2028	0
Thereafter	31,500
Total	$ 168,548	$ 109,812

Debt - Interest Rate Swaps (Det

Debt - Interest Rate Swaps (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) interest_rate_swap interest_rate_forward_swap	Dec. 31, 2023	Dec. 31, 2023 interest_rate_forward_swap	Dec. 31, 2023 interest_rate_swap	Apr. 03, 2023	Mar. 16, 2023 USD ($)	Jan. 18, 2023 USD ($)
Interest Rate Swap
Derivative [Line Items]
Number of derivatives held		4		2	5
Notional Amount							$ 100,000,000	$ 75,000,000
Company Pays Fixed Rate of						3.69%	3.69%
Fixed interest rate achieved						4.99%	4.99%
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	$ 400,000,000	$ 300,000,000
Interest Rate Swap One | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years
Notional Amount	$ 50,000,000	$ 100,000,000
Company Pays Fixed Rate of		1.41%	1.47%
Fixed interest rate achieved		2.71%	2.77%
Interest Rate Swap Two | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term		5 years
Notional Amount	$ 50,000,000	$ 100,000,000
Company Pays Fixed Rate of		1.42%	1.46%
Fixed interest rate achieved		2.72%	2.76%
Interest Rate Swap Three | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years 6 months
Notional Amount	$ 100,000,000	$ 50,000,000
Company Pays Fixed Rate of		1.47%	3.69%
Fixed interest rate achieved		2.77%	4.99%
Interest Rate Swap Four | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years	5 years 6 months
Notional Amount	$ 100,000,000	$ 50,000,000
Company Pays Fixed Rate of		1.46%	1.51%
Fixed interest rate achieved		2.76%	2.81%
Interest Rate Swap Five | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years
Notional Amount	$ 100,000,000
Company Pays Fixed Rate of			1.51%
Fixed interest rate achieved			2.81%
Interest Rate Forward Swap Agreement
Derivative [Line Items]
Number of derivatives held | interest_rate_forward_swap		4		2
Interest Rate Forward Swap Agreement | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	$ 100,000,000	$ 300,000,000
Interest Rate Forward Swap One | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years
Notional Amount	$ 50,000,000	$ 100,000,000
Company Pays Fixed Rate of		1.51%	1.48%
Fixed interest rate achieved		2.81%	2.78%
Interest Rate Forward Swap Two | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term	5 years 6 months	5 years
Notional Amount	$ 50,000,000	$ 100,000,000
Company Pays Fixed Rate of		1.51%	1.54%
Fixed interest rate achieved		2.81%	2.84%
Interest Rate Forward Swap Agreement Three | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term		5 years 6 months
Notional Amount		$ 50,000,000
Company Pays Fixed Rate of		1.48%
Fixed interest rate achieved		2.78%
Interest Rate Forward Swap Agreement Four | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term		5 years 6 months
Notional Amount		$ 50,000,000
Company Pays Fixed Rate of		1.54%
Fixed interest rate achieved		2.84%

Debt - Effect of Derivative Fin

Debt - Effect of Derivative Financial Instruments (Details) - Interest Rate Swap - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Location and amount of gain recognized in accumulated comprehensive income	$ 6,228	$ 32,052	$ 3,795
Interest expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Location and amount of gain (loss) reclassified from accumulated comprehensive income into net income (loss)	14,875	1,009	(4,332)
Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded	$ 38,138	$ 26,777	$ 16,261

Fair Value Measurements - Recur

Fair Value Measurements - Recurring Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Deferred amounts in accumulated comprehensive income (loss) that will be reclassified into earnings	$ 10,275
Fair Value, Measurements, Recurring | Level 1
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate swaps	0	$ 0
Fair Value, Measurements, Recurring | Level 2
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate swaps	18,074	26,721
Fair Value, Measurements, Recurring | Level 3
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate swaps	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Measurements, Recurring | Level 1
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	$ 0	$ 0
Fair Value, Measurements, Recurring | Level 3
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	0	0
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value Measurements (Additional Textual) [Abstract]
Recurring fair value measurements	$ 0	$ 0

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments Not Measure at Fair Value (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Mortgages Payable | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0686	0.0681
Senior Notes | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0631	0.0605
Term Loans | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0510	0.0511
Carrying Value | Mortgages Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	$ 168,548	$ 109,812
Carrying Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure		250,000
Carrying Value | Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure		400,000
Carrying Value | Revolving line of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	0	0
Estimated  Fair Value | Mortgages Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	161,320	100,218
Estimated  Fair Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	233,635	235,820
Estimated  Fair Value | Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	399,539	401,470
Estimated  Fair Value | Revolving line of credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit and term loan, estimated fair value	$ 0	$ 0

Earnings Per Share and Equity_3

Earnings Per Share and Equity Transactions - Reconciliation of Amounts Used in Calculating Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income (loss) attributed to common shares	$ 5,269	$ 52,233	$ (5,360)
Earnings allocated to unvested restricted shares	0	0	0
Net income (loss) attributed to common shares - basic	5,269	52,233	(5,360)
Net income (loss) attributed to common shares - diluted	$ 5,269	$ 52,233	$ (5,360)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	67,531,898	67,406,233	71,072,933
Dilutive effect of unvested restricted shares (in shares)	281,282	119,702	0
Weighted-average common shares outstanding, diluted (in shares)	67,813,180	67,525,935	71,072,933
Basic and diluted earnings per common share:
Net income (loss) per common share - basic (in dollars per share)	$ 0.08	$ 0.77	$ (0.08)
Net income (loss) per common share - diluted (in dollars per share)	$ 0.08	$ 0.77	$ (0.08)

Earnings Per Share and Equity_4

Earnings Per Share and Equity Transactions - Narrative (Details) - USD ($)		3 Months Ended	12 Months Ended
	Mar. 07, 2022	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 23, 2022	Dec. 01, 2020
Class of Stock [Line Items]
Stock issuance costs			$ 341,000	$ 0	$ 0
Stock repurchase program, authorized amount						$ 150,000,000
Common Stock
Class of Stock [Line Items]
Repurchase of common stock (in shares)					755,643
Purchase price (in dollars per share)					$ 21.70
Stock repurchase program, discount percentage					25%
Net asset value (in dollars per share)							$ 28.90
ATM Program
Class of Stock [Line Items]
Sale of stock consideration received on transaction	$ 250,000,000
Net proceeds under the ATM Program		$ 5,400,000
Stock issuance costs		$ 100,000
Number of shares issued (in shares)		208,040
Weighted average price (in dollars per share)		$ 26.13	$ 26.13
Remaining stock available for sale under the ATM program		$ 244,600,000	$ 244,600,000

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 shares
Restricted Stock Units (RSUs) | 2015 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	3,000,000
Number of shares available for grant (in shares)	536,429
Performance period	3 years
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	3,300,000
Number of shares available for grant (in shares)	3,288,272

Stock-Based Compensation - Sign

Stock-Based Compensation - Significant Assumptions Used in the Monte Carlo simulation Models (Details) - 2015 Incentive Award Plan - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	34%	33.89%
Risk free interest rate	4.45%
Risk-free interest rate - minimum		0.79%
Risk-free interest rate - maximum		1.76%
Dividend Yield	3.20%	3.24%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding as beginning (in shares)	123,427	138,235	110,382
Shares granted (in shares)	152,393	127,862	209,539
Shares vested (in shares)	(126,885)	(135,491)	(167,806)
Unearned performance shares added back to Share Limit (in shares)	0	0
Shares forfeited (in shares)	(1,343)	(7,179)	(13,880)
Outstanding as ending (in shares)	147,592	123,427	138,235
Weighted Average Grant Date Price Per Share
Outstanding as beginning (in dollars per share)	$ 23.35	$ 30.12	$ 31.40
Shares granted (in dollars per share)	18.40	18.97	28.90
Shares vested (in dollars per share)	29.50	29.36	30.04
Unearned performance shares added back to Share Limit (in dollars per share)	31.40	31.40
Shares forfeited (in dollars per share)	19.51	23.42	30.73
Outstanding as ending (in dollars per share)	$ 19.36	$ 23.35	$ 30.12
Unvested Performance and Market-Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding as beginning (in shares)	712,051	471,368	332,095
Shares granted (in shares)	445,828	396,338	218,835
Shares vested (in shares)	(60,042)	(76,520)	0
Shares forfeited (in shares)	(3,263)	(18,033)	(79,562)
Outstanding as ending (in shares)	1,024,771	712,051	471,368
Performance Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unearned performance shares added back to Share Limit (in shares)	(69,803)	(61,102)

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Common Stock Activity Under the ESPP (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance proceeds	$ 235	$ 0	$ 0
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased (in shares)	11,728
Issuance price (in dollars per share)	$ 20.07
Issuance proceeds	$ 235

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	$ 9,021	$ 6,541	$ 9,116
Incentive Award Plan, Net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	8,953	6,541	9,116
Compensation cost not yet recognized	9,975
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	68	$ 0	$ 0
Compensation cost not yet recognized	$ 205

Commitments and Contingencies -

Commitments and Contingencies - Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating lease ROU assets	$ 3,220	$ 3,220
Operating lease ROU accumulated amortization	(967)	(570)
Operating lease liabilities	$ 3,023	$ 3,265
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Deferred costs and other assets, net	Deferred costs and other assets, net
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Weighted-average remaining lease term	6 years	6 years 8 months 12 days
Weighted-average discount rate	4.47%	4.35%

Commitments and Contingencies_2

Commitments and Contingencies - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Minimum lease payments	$ 570	$ 528
Variable lease payments	298	343
Short-term lease payments	114	97
Total lease cost	$ 982	$ 968

Commitments and Contingencies_3

Commitments and Contingencies - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Future Minimum Lease Payments
2024	$ 628
2025	511
2026	517
2027	529
2028	522
Thereafter	786
Total expected minimum lease obligation	3,493
Less: Amount representing interest	(470)
Present value of net minimum lease payments	$ 3,023	$ 3,265

Subsequent Events (Details)

Subsequent Events (Details) $ in Thousands		12 Months Ended
	Feb. 01, 2024 USD ($) ft²	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Subsequent Event [Line Items]
Gross leasable area (square feet) | ft²		0	1,125,000
Gross acquisition price of investment properties		$ 244,000	$ 319,070	$ 54,710
Subsequent Event | The Plant
Subsequent Event [Line Items]
Gross leasable area (square feet) | ft²	57,000
Gross acquisition price of investment properties	$ 29,500
Mortgage debt assumed	$ 13,000

Schedule III - Real Estate An_2

Schedule III - Real Estate And Accumulated Depreciation Property - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate and Accumulated Depreciation [Line Items]
Initial cost of land	$ 685,679
Initial cost of buildings and improvements	1,844,726
Adjustments to land basis	8,989
Adjustment to basis	117,280
Gross amount of land and improvements	694,668
Gross amount of buildings and improvements	1,962,006
Total gross amount	2,656,674	$ 2,481,662	$ 2,273,103	$ 2,221,689
Accumulated depreciation	461,352	$ 389,361	$ 350,256	$ 292,248
Retail
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	168,548
Initial cost of land	685,679
Initial cost of buildings and improvements	1,844,726
Adjustments to land basis	8,989
Adjustment to basis	111,391
Gross amount of land and improvements	694,668
Gross amount of buildings and improvements	1,956,117
Total gross amount	2,650,785
Accumulated depreciation	461,352
Retail | Antoine Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,327
Initial cost of buildings and improvements	14,333
Adjustments to land basis	0
Adjustment to basis	(612)
Gross amount of land and improvements	5,327
Gross amount of buildings and improvements	13,721
Total gross amount	19,048
Accumulated depreciation	2,524
Retail | Bay Colony Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	38,276
Initial cost of land	8,287
Initial cost of buildings and improvements	41,714
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	8,287
Gross amount of buildings and improvements	41,714
Total gross amount	50,001
Accumulated depreciation	1,835
Retail | Bay Landing Bonita Springs, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,687
Initial cost of buildings and improvements	9,283
Adjustments to land basis	0
Adjustment to basis	67
Gross amount of land and improvements	1,687
Gross amount of buildings and improvements	9,350
Total gross amount	11,037
Accumulated depreciation	666
Retail | Bear Creek Village Center Wildomar, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,523
Initial cost of buildings and improvements	12,384
Adjustments to land basis	0
Adjustment to basis	426
Gross amount of land and improvements	3,523
Gross amount of buildings and improvements	12,810
Total gross amount	16,333
Accumulated depreciation	6,685
Retail | Bent Tree Plaza Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,983
Initial cost of buildings and improvements	7,093
Adjustments to land basis	0
Adjustment to basis	1,941
Gross amount of land and improvements	1,983
Gross amount of buildings and improvements	9,034
Total gross amount	11,017
Accumulated depreciation	4,619
Retail | Blackhawk Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	10,265
Initial cost of buildings and improvements	6,156
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	10,265
Gross amount of buildings and improvements	6,156
Total gross amount	16,421
Accumulated depreciation	449
Retail | Buckhead Crossing Atlanta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,565
Initial cost of buildings and improvements	27,104
Adjustments to land basis	0
Adjustment to basis	3,527
Gross amount of land and improvements	7,565
Gross amount of buildings and improvements	30,631
Total gross amount	38,196
Accumulated depreciation	15,491
Retail | Campus Marketplace San Marcos, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	26,928
Initial cost of buildings and improvements	43,445
Adjustments to land basis	55
Adjustment to basis	969
Gross amount of land and improvements	26,983
Gross amount of buildings and improvements	44,414
Total gross amount	71,397
Accumulated depreciation	11,125
Retail | Cary Park Town Center Cary, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,555
Initial cost of buildings and improvements	17,280
Adjustments to land basis	0
Adjustment to basis	22
Gross amount of land and improvements	5,555
Gross amount of buildings and improvements	17,302
Total gross amount	22,857
Accumulated depreciation	4,087
Retail | Commons at University Place Durham, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,198
Initial cost of buildings and improvements	17,909
Adjustments to land basis	0
Adjustment to basis	(8)
Gross amount of land and improvements	3,198
Gross amount of buildings and improvements	17,901
Total gross amount	21,099
Accumulated depreciation	3,028
Retail | Coweta Crossing Newnan, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,143
Initial cost of buildings and improvements	4,590
Adjustments to land basis	0
Adjustment to basis	40
Gross amount of land and improvements	1,143
Gross amount of buildings and improvements	4,630
Total gross amount	5,773
Accumulated depreciation	2,637
Retail | Custer Creek Village Richardson, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	4,750
Initial cost of buildings and improvements	12,245
Adjustments to land basis	0
Adjustment to basis	1,302
Gross amount of land and improvements	4,750
Gross amount of buildings and improvements	13,547
Total gross amount	18,297
Accumulated depreciation	6,839
Retail | Cyfair Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	28,163
Initial cost of land	16,184
Initial cost of buildings and improvements	48,566
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	16,184
Gross amount of buildings and improvements	48,566
Total gross amount	64,750
Accumulated depreciation	2,036
Retail | Eastfield Village Charlotte, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,327
Initial cost of buildings and improvements	14,321
Adjustments to land basis	0
Adjustment to basis	119
Gross amount of land and improvements	2,327
Gross amount of buildings and improvements	14,440
Total gross amount	16,767
Accumulated depreciation	762
Retail | Eldorado Marketplace Frisco, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	15,732
Initial cost of buildings and improvements	49,311
Adjustments to land basis	0
Adjustment to basis	597
Gross amount of land and improvements	15,732
Gross amount of buildings and improvements	49,908
Total gross amount	65,640
Accumulated depreciation	7,652
Retail | Eldridge Town Center & Windermere Village Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,380
Initial cost of buildings and improvements	22,994
Adjustments to land basis	1,977
Adjustment to basis	6,095
Gross amount of land and improvements	7,357
Gross amount of buildings and improvements	29,089
Total gross amount	36,446
Accumulated depreciation	13,655
Retail | Escarpment Village Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	26,000
Initial cost of land	19,641
Initial cost of buildings and improvements	51,763
Adjustments to land basis	0
Adjustment to basis	227
Gross amount of land and improvements	19,641
Gross amount of buildings and improvements	51,990
Total gross amount	71,631
Accumulated depreciation	3,939
Retail | Garden Village San Pedro, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,188
Initial cost of buildings and improvements	16,522
Adjustments to land basis	3,268
Adjustment to basis	1,799
Gross amount of land and improvements	6,456
Gross amount of buildings and improvements	18,321
Total gross amount	24,777
Accumulated depreciation	9,103
Retail | Gateway Market Center St. Petersburg, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	13,600
Initial cost of buildings and improvements	4,992
Adjustments to land basis	0
Adjustment to basis	5,165
Gross amount of land and improvements	13,600
Gross amount of buildings and improvements	10,157
Total gross amount	23,757
Accumulated depreciation	3,692
Retail | Kennesaw Marketplace Kennesaw, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,587
Initial cost of buildings and improvements	51,860
Adjustments to land basis	0
Adjustment to basis	458
Gross amount of land and improvements	12,587
Gross amount of buildings and improvements	52,318
Total gross amount	64,905
Accumulated depreciation	10,272
Retail | Kyle Marketplace Kyle, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,076
Initial cost of buildings and improvements	48,220
Adjustments to land basis	711
Adjustment to basis	626
Gross amount of land and improvements	6,787
Gross amount of buildings and improvements	48,846
Total gross amount	55,633
Accumulated depreciation	10,583
Retail | Lakeside & Lakeside Crossing Winter Park, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	16,594
Initial cost of buildings and improvements	41,085
Adjustments to land basis	0
Adjustment to basis	(112)
Gross amount of land and improvements	16,594
Gross amount of buildings and improvements	40,973
Total gross amount	57,567
Accumulated depreciation	6,996
Retail | Market at Westlake Westlake Hills, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,200
Initial cost of buildings and improvements	6,274
Adjustments to land basis	(64)
Adjustment to basis	(42)
Gross amount of land and improvements	1,136
Gross amount of buildings and improvements	6,232
Total gross amount	7,368
Accumulated depreciation	3,385
Retail | Northcross Commons Charlotte, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,591
Initial cost of buildings and improvements	21,303
Adjustments to land basis	0
Adjustment to basis	824
Gross amount of land and improvements	7,591
Gross amount of buildings and improvements	22,127
Total gross amount	29,718
Accumulated depreciation	5,584
Retail | Old Grove Marketplace Oceanside, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,545
Initial cost of buildings and improvements	8,902
Adjustments to land basis	0
Adjustment to basis	502
Gross amount of land and improvements	12,545
Gross amount of buildings and improvements	9,404
Total gross amount	21,949
Accumulated depreciation	2,613
Retail | Pavilion at La Quinta LaQuinta, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	15,200
Initial cost of buildings and improvements	20,947
Adjustments to land basis	0
Adjustment to basis	2,053
Gross amount of land and improvements	15,200
Gross amount of buildings and improvements	23,000
Total gross amount	38,200
Accumulated depreciation	11,884
Retail | Peachland Promenade Port Charlotte, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,742
Initial cost of buildings and improvements	6,502
Adjustments to land basis	4,158
Adjustment to basis	10,368
Gross amount of land and improvements	5,900
Gross amount of buildings and improvements	16,870
Total gross amount	22,770
Accumulated depreciation	3,381
Retail | PGA Plaza Palm Beach Gardens Palm Beach Gardens, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	10,414
Initial cost of buildings and improvements	75,730
Adjustments to land basis	0
Adjustment to basis	1,247
Gross amount of land and improvements	10,414
Gross amount of buildings and improvements	76,977
Total gross amount	87,391
Accumulated depreciation	14,505
Retail | Plantation Grove Ocoee, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	7,300
Initial cost of land	3,705
Initial cost of buildings and improvements	6,300
Adjustments to land basis	0
Adjustment to basis	1,009
Gross amount of land and improvements	3,705
Gross amount of buildings and improvements	7,309
Total gross amount	11,014
Accumulated depreciation	2,521
Retail | Plaza Midtown Atlanta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,295
Initial cost of buildings and improvements	23,946
Adjustments to land basis	0
Adjustment to basis	770
Gross amount of land and improvements	5,295
Gross amount of buildings and improvements	24,716
Total gross amount	30,011
Accumulated depreciation	5,158
Retail | Prestonwood Town Center Dallas, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	22,055
Initial cost of buildings and improvements	22,140
Adjustments to land basis	0
Adjustment to basis	(450)
Gross amount of land and improvements	22,055
Gross amount of buildings and improvements	21,690
Total gross amount	43,745
Accumulated depreciation	2,468
Retail | Renaissance Center Durham, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	26,713
Initial cost of buildings and improvements	96,141
Adjustments to land basis	0
Adjustment to basis	6,424
Gross amount of land and improvements	26,713
Gross amount of buildings and improvements	102,565
Total gross amount	129,278
Accumulated depreciation	28,919
Retail | Rio Pinar Plaza Orlando, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,171
Initial cost of buildings and improvements	26,903
Adjustments to land basis	676
Adjustment to basis	1,918
Gross amount of land and improvements	5,847
Gross amount of buildings and improvements	28,821
Total gross amount	34,668
Accumulated depreciation	8,127
Retail | River Oaks Santa Clarita, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	24,598
Initial cost of buildings and improvements	88,418
Adjustments to land basis	0
Adjustment to basis	2,613
Gross amount of land and improvements	24,598
Gross amount of buildings and improvements	91,031
Total gross amount	115,629
Accumulated depreciation	19,242
Retail | Riverview Village Arlington, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,000
Initial cost of buildings and improvements	9,649
Adjustments to land basis	0
Adjustment to basis	448
Gross amount of land and improvements	6,000
Gross amount of buildings and improvements	10,097
Total gross amount	16,097
Accumulated depreciation	5,575
Retail | Riverwalk Market Flower Mound, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,931
Initial cost of buildings and improvements	23,922
Adjustments to land basis	0
Adjustment to basis	902
Gross amount of land and improvements	5,931
Gross amount of buildings and improvements	24,824
Total gross amount	30,755
Accumulated depreciation	6,420
Retail | Rose Creek Woodstock, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,443
Initial cost of buildings and improvements	5,630
Adjustments to land basis	0
Adjustment to basis	550
Gross amount of land and improvements	1,443
Gross amount of buildings and improvements	6,180
Total gross amount	7,623
Accumulated depreciation	3,208
Retail | Sandy Plains Centre Marietta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,364
Initial cost of buildings and improvements	27,270
Adjustments to land basis	652
Adjustment to basis	2,223
Gross amount of land and improvements	13,016
Gross amount of buildings and improvements	29,493
Total gross amount	42,509
Accumulated depreciation	5,094
Retail | Sarasota Pavilion Sarasota, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,000
Initial cost of buildings and improvements	25,823
Adjustments to land basis	0
Adjustment to basis	6,684
Gross amount of land and improvements	12,000
Gross amount of buildings and improvements	32,507
Total gross amount	44,507
Accumulated depreciation	13,823
Retail | Scofield Crossing Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,100
Initial cost of buildings and improvements	4,992
Adjustments to land basis	(576)
Adjustment to basis	2,937
Gross amount of land and improvements	7,524
Gross amount of buildings and improvements	7,929
Total gross amount	15,453
Accumulated depreciation	3,229
Retail | Shops at Arbor Trails Austin, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	31,500
Initial cost of land	28,233
Initial cost of buildings and improvements	76,769
Adjustments to land basis	0
Adjustment to basis	144
Gross amount of land and improvements	28,233
Gross amount of buildings and improvements	76,913
Total gross amount	105,146
Accumulated depreciation	6,027
Retail | Shops at Fairview Town Center Fairview, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,299
Initial cost of buildings and improvements	25,233
Adjustments to land basis	0
Adjustment to basis	1,117
Gross amount of land and improvements	7,299
Gross amount of buildings and improvements	26,350
Total gross amount	33,649
Accumulated depreciation	4,126
Retail | Shops at the Galleria Bee Cave, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	52,104
Initial cost of buildings and improvements	75,651
Adjustments to land basis	(597)
Adjustment to basis	4,433
Gross amount of land and improvements	51,507
Gross amount of buildings and improvements	80,084
Total gross amount	131,591
Accumulated depreciation	21,974
Retail | Sonterra Village San Antonio, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,150
Initial cost of buildings and improvements	15,095
Adjustments to land basis	(181)
Adjustment to basis	880
Gross amount of land and improvements	4,969
Gross amount of buildings and improvements	15,975
Total gross amount	20,944
Accumulated depreciation	4,456
Retail | Southern Palm Crossing Royal Palm Beach, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	37,735
Initial cost of buildings and improvements	49,843
Adjustments to land basis	(745)
Adjustment to basis	2,120
Gross amount of land and improvements	36,990
Gross amount of buildings and improvements	51,963
Total gross amount	88,953
Accumulated depreciation	8,844
Retail | Stables Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	6,029
Initial cost of land	5,899
Initial cost of buildings and improvements	20,439
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	5,899
Gross amount of buildings and improvements	20,439
Total gross amount	26,338
Accumulated depreciation	889
Retail | Stevenson Ranch Stevenson Ranch, CA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	29,519
Initial cost of buildings and improvements	39,190
Adjustments to land basis	0
Adjustment to basis	1,565
Gross amount of land and improvements	29,519
Gross amount of buildings and improvements	40,755
Total gross amount	70,274
Accumulated depreciation	10,804
Retail | Stone Ridge Market San Antonio, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,935
Initial cost of buildings and improvements	38,754
Adjustments to land basis	0
Adjustment to basis	(6,501)
Gross amount of land and improvements	8,935
Gross amount of buildings and improvements	32,253
Total gross amount	41,188
Accumulated depreciation	1,477
Retail | Suncrest Village Orlando, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	8,400
Initial cost of land	6,742
Initial cost of buildings and improvements	6,403
Adjustments to land basis	0
Adjustment to basis	11,308
Gross amount of land and improvements	6,742
Gross amount of buildings and improvements	17,711
Total gross amount	24,453
Accumulated depreciation	2,443
Retail | Sycamore Commons Matthews, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,500
Initial cost of buildings and improvements	31,265
Adjustments to land basis	0
Adjustment to basis	2,277
Gross amount of land and improvements	12,500
Gross amount of buildings and improvements	33,542
Total gross amount	46,042
Accumulated depreciation	16,873
Retail | The Centre on Hugh Howell Tucker, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,250
Initial cost of buildings and improvements	11,091
Adjustments to land basis	0
Adjustment to basis	1,013
Gross amount of land and improvements	2,250
Gross amount of buildings and improvements	12,104
Total gross amount	14,354
Accumulated depreciation	6,390
Retail | The Highlands of Flower Mound Flower Mound, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	22,880
Initial cost of land	6,330
Initial cost of buildings and improvements	24,374
Adjustments to land basis	0
Adjustment to basis	(485)
Gross amount of land and improvements	6,330
Gross amount of buildings and improvements	23,889
Total gross amount	30,219
Accumulated depreciation	1,852
Retail | The Parke Cedar Park, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	9,271
Initial cost of buildings and improvements	83,078
Adjustments to land basis	0
Adjustment to basis	1,371
Gross amount of land and improvements	9,271
Gross amount of buildings and improvements	84,449
Total gross amount	93,720
Accumulated depreciation	19,332
Retail | The Pointe at Creedmoor Raleigh, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,507
Initial cost of buildings and improvements	5,454
Adjustments to land basis	0
Adjustment to basis	82
Gross amount of land and improvements	7,507
Gross amount of buildings and improvements	5,536
Total gross amount	13,043
Accumulated depreciation	1,670
Retail | The Shoppes at Davis Lake Charlotte, NC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,232
Initial cost of buildings and improvements	12,903
Adjustments to land basis	0
Adjustment to basis	0
Gross amount of land and improvements	6,232
Gross amount of buildings and improvements	12,903
Total gross amount	19,135
Accumulated depreciation	341
Retail | The Shops at Town Center Germantown, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	19,998
Initial cost of buildings and improvements	29,776
Adjustments to land basis	0
Adjustment to basis	1,110
Gross amount of land and improvements	19,998
Gross amount of buildings and improvements	30,886
Total gross amount	50,884
Accumulated depreciation	7,525
Retail | Thomas Crossroads Newnan, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	1,622
Initial cost of buildings and improvements	8,322
Adjustments to land basis	0
Adjustment to basis	1,944
Gross amount of land and improvements	1,622
Gross amount of buildings and improvements	10,266
Total gross amount	11,888
Accumulated depreciation	4,853
Retail | Travilah Square Rockville, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,964
Initial cost of buildings and improvements	39,836
Adjustments to land basis	0
Adjustment to basis	607
Gross amount of land and improvements	8,964
Gross amount of buildings and improvements	40,443
Total gross amount	49,407
Accumulated depreciation	5,914
Retail | University Oaks Shopping Center Round Rock, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,250
Initial cost of buildings and improvements	25,326
Adjustments to land basis	(170)
Adjustment to basis	8,934
Gross amount of land and improvements	7,080
Gross amount of buildings and improvements	34,260
Total gross amount	41,340
Accumulated depreciation	17,141
Retail | Westfork Plaza & Paraiso Parc Pembroke Pines, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	28,267
Initial cost of buildings and improvements	124,019
Adjustments to land basis	0
Adjustment to basis	6,129
Gross amount of land and improvements	28,267
Gross amount of buildings and improvements	130,148
Total gross amount	158,415
Accumulated depreciation	31,238
Retail | Westpark Shopping Center Glen Allen, VA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	7,462
Initial cost of buildings and improvements	24,164
Adjustments to land basis	(4)
Adjustment to basis	5,215
Gross amount of land and improvements	7,458
Gross amount of buildings and improvements	29,379
Total gross amount	36,837
Accumulated depreciation	7,852
Retail | Windward Commons Alpharetta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	12,823
Initial cost of buildings and improvements	13,779
Adjustments to land basis	(171)
Adjustment to basis	881
Gross amount of land and improvements	12,652
Gross amount of buildings and improvements	14,660
Total gross amount	27,312
Accumulated depreciation	4,138
Retail | Total corporate assets
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	0
Initial cost of buildings and improvements	0
Adjustments to land basis	0
Adjustment to basis	3,619
Gross amount of land and improvements	0
Gross amount of buildings and improvements	3,619
Total gross amount	3,619
Accumulated depreciation	1,382
Construction in progress
Real Estate and Accumulated Depreciation [Line Items]
Initial cost of land	0
Initial cost of buildings and improvements	0
Adjustments to land basis	0
Adjustment to basis	5,889
Gross amount of land and improvements	0
Gross amount of buildings and improvements	5,889
Total gross amount	5,889
Accumulated depreciation	$ 0

Schedule III - Real Estate An_3

Schedule III - Real Estate And Accumulated Depreciation Property - Real Estate and Accumulated Depreciation Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost of real estate owned	$ 2,996,600
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	2,481,662	$ 2,273,103	$ 2,221,689
Acquisitions and capital improvements	191,666	307,177	71,324
Disposals and write-offs of assets no longer in service	(16,654)	(98,618)	(19,910)
Balance at end of period	2,656,674	2,481,662	2,273,103
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of period	389,361	350,256	292,248
Depreciation expense	78,560	71,428	66,275
Disposal and write-offs of assets no longer in service	(6,569)	(32,323)	(8,267)
Balance at end of period	$ 461,352	$ 389,361	$ 350,256
Building and other improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	15 years
Building and other improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	30 years
Furniture, fixtures and equipment | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	3 years
Furniture, fixtures and equipment | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation	20 years