InvenTrust Properties (IVT) 10-K 13 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 06, 2025	Jun. 28, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Dec. 31, 2024
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			$ 1.7
Entity Common Stock, Shares Outstanding		77,460,276
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 2025 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, 2024, 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	2024
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
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, 2024	Dec. 31, 2023
Investment properties
Land	$ 712,827	$ 694,668
Building and other improvements	2,116,092	1,956,117
Construction in progress	9,951	5,889
Total	2,838,870	2,656,674
Less accumulated depreciation	(511,969)	(461,352)
Net investment properties	2,326,901	2,195,322
Cash, cash equivalents and restricted cash	91,221	99,763
Intangible assets, net	137,420	114,485
Accounts and rents receivable	36,131	35,353
Deferred costs and other assets, net	44,277	42,408
Total assets	2,635,950	2,487,331
Liabilities
Debt, net	740,415	814,568
Accounts payable and accrued expenses	46,418	44,583
Distributions payable	17,512	14,594
Intangible liabilities, net	42,897	30,344
Other liabilities	28,703	29,198
Total liabilities	875,945	933,287
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, 77,450,794 shares issued and outstanding as of December 31, 2024 and 67,807,831 shares issued and outstanding as of December 31, 2023	77	68
Additional paid-in capital	5,730,367	5,468,728
Distributions in excess of accumulated net income	(3,984,865)	(3,932,826)
Accumulated comprehensive income	14,426	18,074
Total stockholders' equity	1,760,005	1,554,044
Total liabilities and stockholders' equity	$ 2,635,950	$ 2,487,331

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
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)	77,450,794	67,807,831
Common stock, number of shares outstanding (in shares)	77,450,794	67,807,831

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income
Lease income, net	$ 272,440	$ 257,146	$ 232,980
Total income	273,974	258,676	236,707
Operating expenses
Depreciation and amortization	113,948	113,430	94,952
Property operating	43,413	42,832	40,239
Real estate taxes	36,441	34,809	32,925
General and administrative	33,172	31,797	33,342
Total operating expenses	226,974	222,868	201,458
Other (expense) income
Interest expense, net	(37,100)	(38,138)	(26,777)
Loss on extinguishment of debt	0	(15)	(181)
Impairment of real estate assets	(3,854)	0	0
Gain on sale of investment properties, net	3,857	2,691	38,249
Equity in (losses) earnings of unconsolidated entities	0	(557)	3,663
Other income and expense, net	3,755	5,480	2,030
Total other (expense) income, net	(33,342)	(30,539)	16,984
Net income	$ 13,658	$ 5,269	$ 52,233
Weighted-average common shares outstanding, basic (in shares)	70,394,448	67,531,898	67,406,233
Weighted-average common shares outstanding, diluted (in shares)	71,010,568	67,813,180	67,525,935
Net income per common share - basic (in dollars per share)	$ 0.19	$ 0.08	$ 0.77
Net income per common share - diluted (in dollars per share)	$ 0.19	$ 0.08	$ 0.77
Comprehensive income
Net income	$ 13,658	$ 5,269	$ 52,233
Unrealized gain on derivatives	9,019	6,228	32,052
Reclassification to net income	(12,667)	(14,875)	(1,009)
Comprehensive income (loss)	10,010	(3,378)	83,276
Other property income
Income
Other income	1,534	1,450	1,161
Other fee income
Income
Other income	$ 0	$ 80	$ 2,566

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Public Offering	ATM Program	Common Stock	Common Stock Public Offering	Common Stock ATM Program	Additional Paid-in Capital	Additional Paid-in Capital Public Offering	Additional Paid-in Capital ATM Program	Distributions in Excess of Accumulated Net Income	Accumulated Comprehensive Income (Loss)
Balance beginning of period (in shares) at Dec. 31, 2021				67,344,374
Balance beginning 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 income	52,233									52,233
Unrealized gain on derivatives	32,052										32,052
Reclassification from interest expense, net	405										405
Reclassification from equity in earnings 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
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 income	5,269									5,269
Unrealized gain on derivatives	6,228										6,228
Reclassification 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 under offering, net (in shares)						208,040
Issuance of common stock under offering, 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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,658									13,658
Unrealized gain on derivatives	9,019										9,019
Reclassification from interest expense, net	(12,667)										(12,667)
Distributions declared	(65,697)									(65,697)
Stock-based compensation, net (in shares)				188,881
Stock-based compensation, net	$ 8,185						8,185
Issuance of common stock under offering, net (in shares)					9,200,000	254,082
Issuance of common stock under offering, net		$ 245,843	$ 7,620		$ 9			$ 245,834	$ 7,620
Balance end of period (in shares) at Dec. 31, 2024	77,450,794			77,450,794
Balance end of period at Dec. 31, 2024	$ 1,760,005			$ 77			$ 5,730,367			$ (3,984,865)	$ 14,426

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Distributions declared (in dollars per share)	$ 0.9052	$ 0.8620	$ 0.8208

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 13,658	$ 5,269	$ 52,233
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	113,948	113,430	94,952
Amortization of market-lease intangibles and inducements, net	(2,804)	(3,343)	(5,589)
Amortization of debt discounts and financing costs	2,403	4,113	2,816
Straight-line rent adjustments, net	(3,400)	(3,349)	(3,815)
Impairment of real estate assets	3,854	0	0
Provision for (reversal of) estimated credit losses	430	1,033	(267)
Gain on sale of investment properties, net	(3,857)	(2,691)	(38,249)
Loss on extinguishment of debt	0	15	181
Equity in losses (earnings) of unconsolidated entities	0	557	(3,663)
Distributions from unconsolidated entities	0	0	9,350
Stock-based compensation, net	9,896	9,021	6,541
Changes in operating assets and liabilities:
Accounts and rents receivable	1,512	1,483	(999)
Deferred costs and other assets, net	(236)	91	317
Accounts payable and accrued expenses	511	2,054	8,411
Other liabilities	961	1,938	3,576
Net cash provided by operating activities	136,876	129,621	125,795
Cash flows from investing activities:
Purchase of investment properties	(268,125)	(152,047)	(235,001)
Capital investments and leasing costs	(36,116)	(35,744)	(33,183)
Proceeds from the sale of investment properties, net	65,062	12,559	77,538
Distributions from unconsolidated entities	0	95,065	47,355
Other investing activities, net	(1,356)	449	(1,170)
Net cash used in investing activities	(240,535)	(79,718)	(144,461)
Cash flows from financing activities:
Payment of tax withholdings for share-based compensation	(2,598)	(1,583)	(1,581)
Proceeds from sale of common stock under ESPP	280	235	0
Payment of common stock offering costs	(12,078)	(341)	0
Distributions to stockholders	(62,779)	(57,491)	(55,302)
Proceeds from line of credit	10,000	30,000	112,000
Repayments of line of credit	(10,000)	(30,000)	(143,000)
Proceeds from senior notes	0	0	250,000
Payoffs of debt	(88,168)	(33,700)	(47,052)
Principal payments on mortgage debt	0	(32)	(842)
Payment of financing costs	(5,278)	(175)	(2,387)
Other financing activities	0	20	(262)
Net cash provided by (used in) financing activities	95,117	(87,902)	111,574
Net decrease in cash, cash equivalents and restricted cash	(8,542)	(37,999)	92,908
Cash, cash equivalents and restricted cash at beginning of year	99,763	137,762	44,854
Cash, cash equivalents and restricted cash at end of year	91,221	99,763	137,762
Cash flow disclosure, including non-cash investing and financing activities:
Cash paid for interest, net of capitalized interest	35,605	33,093	18,705
Cash paid (refunded) for income taxes, net of (payments) refunds	530	209	(386)
Previously held equity investments in real estate assets acquired	0	39,603	0
Distributions payable to stockholders	17,512	14,594	13,837
Accrued capital investments and leasing costs	3,620	2,562	3,136
Capitalized costs placed in service	14,948	16,402	17,895
Gross issuance of shares for share-based compensation	7,662	4,558	6,224
Purchase of investment properties:
Net investment properties	245,355	200,085	280,938
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	54,041	52,871	47,019
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(18,681)	(9,133)	(13,075)
Assumption of mortgage debt, at fair value	(12,590)	(91,776)	(79,881)
Cash outflow for purchase of investment properties, net	268,125	152,047	235,001
Assumption of mortgage principal	13,000	92,468	80,380
Capitalized acquisition costs	(1,116)	(150)	(1,079)
Credits, prorations, and other changes in cash outflow, net	2,061	(365)	4,768
Gross acquisition price of investment properties	282,070	244,000	319,070
Sale of investment properties:
Net investment properties	59,912	10,086	66,294
Accounts and rents receivable, lease intangibles, and deferred costs and other assets	1,564	297	4,200
Accounts payable and accrued expenses, lease intangibles, and other liabilities	(271)	(515)	(2,575)
Debt assumed by buyer through disposition of property	0	0	(28,552)
Gain on sale of investment properties, net	3,857	2,691	38,249
Loss on extinguishment of debt	0	0	(78)
Proceeds from sale of investment properties, net	65,062	12,559	77,538
Assumption of mortgage principal	0	0	28,630
Credits, prorations, and other changes in cash inflow, net	3,490	583	4,282
Gross disposition price of investment properties	68,552	13,142	110,450
Public Offering
Cash flows from financing activities:
Proceeds from sale of common stock	257,600	0	0
ATM Program
Cash flows from financing activities:
Proceeds from sale of common stock	$ 8,138	$ 5,165	$ 0

Organization

Organization	12 Months Ended
	Dec. 31, 2024
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, 2024 and 2023: As of December 31 2024 2023 No. of properties 68 62 Gross Leasable Area (square feet) 10,972 10,324

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
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, 2024 and 2023, 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. 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, the Company's 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. 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 $3,826 and $3,378 as of December 31, 2024 and 2023, respectively. Restricted cash often consists of lenders' escrows, operating real estate escrows for taxes, insurance, capital expenditures, payments required under certain lease agreements, funds restricted through the Company's wholly-owned captive insurance company, and 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, 2024, 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 re-measured. 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 four 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. Shares related to performance-based awards are issued 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. Shares related to market-based awards are issued within 65 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, 2024, 2023, and 2022 the Company did not have any operations within TRSs. Income tax expense for the years ended December 31, 2024, 2023 and 2022 generally pertains to Texas margin tax. The Company has accrued no material interest or penalties relating to income taxes. As of December 31, 2024, the Company's 2024, 2023, and 2022 tax years remain subject to examination by U.S. and various state tax jurisdictions. Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements ASU No. 2023-07 The Accounting Standards Update ("ASU") is intended In addition, the amendments enhance interim disclosure January 2024 The Company has evaluated this guidance and determined that its impact is limited to incremental disclosure and will not have an impact on the Company's financial position, results of operations, or cash flows. The incremental disclosures pertaining to the Company's single reportable segment have been included in "Note 12. Segment Information" . Recently Issued Accounting Pronouncements Not Yet Adopted Standard Description Effective date Effect on the financial statements ASU No. 2024-03 The ASU is intended to improve financial reporting by requiring more granular disclosures about an entity’s expenses so investors can better understand performance, prospects for future cash flows and comparability over time. The primary goal is to improve the decision-usefulness of expense information through disaggregation of relevant expense captions in the notes to the financial statements. Annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Company continues to evaluate The Company does not expect the standard to have an impact on the Company's financial position, results of Other recently issued accounting standards or pronouncements not disclosed in the foregoing tables 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, 2024
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, 2024 2025 $ 209,875 2026 195,712 2027 163,117 2028 136,608 2029 106,862 Thereafter 377,780 Total $ 1,189,954 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-six years. The following table reflects the disaggregation of lease income, net: Year Ended December 31 2024 2023 2022 Minimum base rent $ 175,068 $ 165,267 $ 145,467 Real estate tax recoveries 33,343 31,220 30,107 Common area maintenance, insurance, and other recoveries 33,003 30,731 28,072 Ground rent income 19,321 19,044 14,991 Amortization of market-lease intangibles and inducements, net 2,804 3,343 5,589 Short-term and other lease income 4,567 4,389 4,333 Lease termination income 1,364 836 339 Straight-line rent adjustments, net 3,400 3,349 3,815 (Provision for) reversal of uncollectable billed rent and recoveries (430) (1,033) 267 Lease income, net $ 272,440 $ 257,146 $ 232,980

Acquired Properties

Acquired Properties	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquired Properties	Acquired Properties The following table reflects the retail properties acquired during the year ended December 31, 2024: Date Property Market Square Feet Gross Intangible Assets Intangible Liabilities Assumption of Mortgage Debt 2/1/24 The Plant (a) Phoenix, AZ 57 $ 29,500 $ 4,467 $ 540 $ 13,000 4/9/24 Moores Mill Atlanta Metro Area, GA 70 28,000 6,710 1,451 — 6/13/24 Maguire Groves (b) Orlando-Kissimmee, FL 33 16,100 1,652 406 — 8/6/24 Scottsdale North Marketplace Phoenix, AZ 66 23,000 2,691 1,295 — 10/9/24 Stonehenge Village Richmond, VA 214 62,100 10,630 3,725 — 11/26/24 The Forum Cape Coral-Fort Myers, FL 186 41,370 12,359 2,736 — 12/18/24 Market at Mill Creek Charleston-Berkeley-Dorchester, SC 80 27,300 6,109 1,432 — 12/18/24 Nexton Square Charleston-Berkeley-Dorchester, SC 134 54,700 9,410 5,850 — 840 $ 282,070 $ 54,028 $ 17,435 $ 13,000 (a) The Company recognized a fair value adjustment of $410 related to the mortgage payable secured by the property. (b) Maguire Groves is immediately adjacent to Plantation Grove, a Publix anchored neighborhood center wholly-owned by the Company. The Company operates these properties under the Plantation Grove name. The following table reflects the retail properties acquired during the year ended December 31, 2023: Date Property Market Square Feet Gross Intangible Assets Intangible Liabilities Assumption of Mortgage Debt 1/18/23 Bay Colony (a) Houston-Sugar Land-Baytown, TX 416 $ 79,100 $ 16,586 $ 1,937 $ 41,969 1/18/23 Blackhawk Town Center (a) Houston-Sugar Land-Baytown, TX 127 26,300 3,123 184 13,008 1/18/23 Cyfair Town Center (a) Houston-Sugar Land-Baytown, TX 433 79,200 17,229 4,160 30,880 1/18/23 Stables Town Center (a) Houston-Sugar Land-Baytown, TX 148 37,000 8,155 676 6,611 6/2/23 The Shoppes at Davis Lake Charlotte-Gastonia-Concord, NC 91 22,400 3,551 123 — 1,215 $ 244,000 $ 48,644 $ 7,080 $ 92,468 (a) These retail properties were acquired from the Company's former unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties.

Disposed Properties

Disposed Properties	12 Months Ended
	Dec. 31, 2024
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, 2024: Date Property Market Square Feet Gross Gain (Loss) 7/22/24 Eldridge Town Center & Windermere Village (a) Houston - Sugar Land - Baytown, TX N/A $ 602 $ 334 10/31/24 Stevenson Ranch So. California - Los Angeles, CA 187 57,800 (614) 12/13/24 Eldridge Town Center & Windermere Village (b) Houston - Sugar Land - Baytown, TX 31 10,150 4,137 218 $ 68,552 $ 3,857 (a) This disposition was related to the completion of a partial condemnation at one retail property. (b) This disposition included the sale of an outparcel at Eldridge Town Center and the entirety of Windermere Village. Subsequent to the transaction, the Company continues to operate the remaining property under the Eldridge Town Center name. The following table reflects the real property disposed of during the year ended December 31, 2023: Date Property Market Square Feet Gross Gain on Sale 06/20/23 Shops at Galleria (a) Austin - Round Rock, TX N/A $ 1,692 $ 984 8/25/23 Trowbridge Crossing Atlanta Metro Area, 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.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	12 Months Ended
	Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities Joint Venture Interest in IAGM On April 17, 2013, the Company and PGGM Private Real Estate Fund formed IAGM Retail Fund I, LLC ("IAGM"), a joint venture partnership in which the Company owned a 55% interest, 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. 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. 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. 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 amortized it to interest expense, net, through the instruments' maturity date of November 2, 2023.

Intangible Assets, Liabilities,

Intangible Assets, Liabilities, and Deferred Leasing Costs	12 Months Ended
	Dec. 31, 2024
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, intangible liabilities, and deferred leasing costs: As of December 31 2024 2023 Intangible assets: In-place leases $ 216,175 $ 183,139 Above-market leases 16,053 17,967 Intangible assets 232,228 201,106 Accumulated amortization: In-place leases (87,104) (78,177) Above-market leases (7,704) (8,444) Accumulated amortization (94,808) (86,621) Intangible assets, net $ 137,420 $ 114,485 Intangible liabilities: Below-market leases $ 65,776 $ 52,412 Accumulated amortization (22,879) (22,068) Intangible liabilities, net $ 42,897 $ 30,344 Deferred leasing costs: Leasing costs $ 25,132 $ 22,621 Accumulated amortization (8,993) (7,626) Deferred leasing costs, net $ 16,139 $ 14,995 The following table summarizes the amortization related to intangible assets, intangible liabilities, and deferred leasing costs: Year ended December 31 2024 2023 2022 Intangible assets: In-place leases $ 28,133 $ 32,179 $ 20,993 Above-market leases 2,452 2,977 2,018 Amortization of intangible assets $ 30,585 $ 35,156 $ 23,011 Intangible liabilities: Amortization of below-market leases $ 4,879 $ 5,976 $ 7,403 Deferred leasing costs: Amortization of deferred leasing costs $ 3,213 $ 2,691 $ 2,533 The following table summarizes the amortization during the next five years and thereafter related to intangible assets, intangible liabilities, and deferred leasing costs as of December 31, 2024: Year ending December 31, In-place leases Above market leases Below market leases Deferred leasing costs 2025 $ 29,159 $ 2,143 $ 5,196 $ 2,630 2026 23,450 1,719 4,649 2,463 2027 17,375 1,273 3,722 2,203 2028 13,323 967 3,205 1,910 2029 9,426 616 2,894 1,631 Thereafter 36,338 1,631 23,231 5,302 Total $ 129,071 $ 8,349 $ 42,897 $ 16,139

Debt

Debt	12 Months Ended
	Dec. 31, 2024
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, 2024 and 2023, 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. 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. On June 5, 2024, the Company extinguished the $7.3 million and $8.4 million pooled mortgages payable secured by Plantation Grove and Suncrest Village, respectively, with its available liquidity. On September 27, 2024, the Company extinguished the remaining $72.5 million pooled mortgage payable secured by Cyfair Town Center, Bay Colony, and Stables Town Center with its available liquidity. 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 October 23, 2024, the Company entered into a third amendment to the Amended Revolving Credit Agreement, which provides for, among other things, an increase in the revolving commitments thereunder from $350.0 million to $500.0 million and an extension of the maturity date to January 15, 2029, with one 6-month extension option. 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, 2024 and 2023: Interest As of December 31, 2024 As of December 31, 2023 Maturity Date Interest Rate Amount Interest Rate Amount Mortgages Payable Fixed rate mortgages payable Various Fixed 3.97% (a) $ 93,380 4.01% (a) $ 96,080 Variable rate mortgages payable (b) N/A Variable N/A — 1M SOFR+ 1.65% (c) 72,468 Total 93,380 168,548 Term Loans $200.0 million 5 year 9/22/26 Fixed 2.81% (d) 100,000 2.81% (d) 100,000 $200.0 million 5 year 9/22/26 Fixed 2.81% (d) 100,000 2.81% (d) 100,000 $200.0 million 5.5 year 3/22/27 Fixed 2.78% (d) 50,000 2.77% (d) 50,000 $200.0 million 5.5 year 3/22/27 Fixed 2.84% (d) 50,000 2.76% (d) 50,000 $200.0 million 5.5 year 3/22/27 Fixed 4.99% (d) 100,000 4.99% (d) 100,000 Total 400,000 400,000 Senior Notes $150.0 million Series A Notes 8/11/29 Fixed 5.07% 150,000 5.07% 150,000 $100.0 million Series B Notes 8/11/32 Fixed 5.20% 100,000 5.20% 100,000 Total 250,000 250,000 Revolving Line of Credit $500.0 million total capacity (e) 1/15/29 Variable 1M SOFR + 1.15% (c)(f) — 1M SOFR + 1.14% (c)(f) — Total debt 4.03% 743,380 4.29% 818,548 Debt discounts and financing costs, net (2,965) (3,980) Debt, net $ 740,415 $ 814,568 (a) Interest rates reflect the weighted average of the Company's mortgages payable. (b) These mortgages payable were cross-collateralized by three properties and were extinguished on September 27, 2024. (c) As of December 31, 2024 and 2023, 1-Month Term SOFR (d) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (e) Prior to the third amendment, the total capacity on the Revolving Line of Credit was $350.0 million. (f) 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, 2024: Scheduled maturities by year: Principal Balance 2025 $ 35,880 2026 — 2027 26,000 2028 — 2029 31,500 Thereafter — Total $ 93,380 Interest Rate Swaps As of December 31, 2024, the Company is party to five effective interest rate swap agreements which achieve fixed interest rates through the maturity dates of the Amended Term Loan Agreement. The following table summarizes the Company's five effective interest rate swaps as of December 31, 2024: Interest Rate Swaps Effective Termination Date InvenTrust Receives InvenTrust Pays Fixed Rate of Fixed Rate Achieved Notional 5.5 Year Term Loan 4/3/23 3/22/27 1-Month SOFR 3.69% 4.99% $ 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.54% 2.84% 50,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.48% 2.78% 50,000 $ 400,000 The following table summarizes the Company's five effective and two forward interest rate swaps as of December 31, 2023: Interest Rate Swaps Effective Termination Date InvenTrust Receives InvenTrust Pays Fixed Rate of Fixed Rate Achieved Notional 5.5 Year Term Loan 12/2/19 6/21/24 1-Month SOFR 1.47% 2.77% $ 50,000 5.5 Year Term Loan 12/2/19 6/21/24 1-Month SOFR 1.46% 2.76% 50,000 5.5 Year Term Loan 4/3/23 3/22/27 1-Month SOFR 3.69% 4.99% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 $ 400,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.48% 2.78% $ 50,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.54% 2.84% 50,000 $ 100,000 The following table summarizes the effects of derivative financial instruments on the consolidated financial statements for the years ended December 31, 2024, 2023 and 2022: 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 Unrealized gain on derivatives $ 9,019 $ 6,228 $ 32,052 Interest expense, net $ 12,667 $ 14,875 $ 1,009 Interest expense, net $ 37,100 $ 38,138 $ 26,777

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
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 December 31, 2024 December 31, 2023 Cash Flow Hedges: (a) (b) Level 1 Level 2 (c) Level 3 Level 1 Level 2 (c) Level 3 Derivative interest rate swaps — $ 14,426 — — $ 18,074 — (a) During the twelve months subsequent to December 31, 2024, an estimated $8,083 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings. (b) As of December 31, 2024 and 2023, 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) Derivative assets or liabilities are recognized as a part of deferred costs and other assets, net or other liabilities, respectively. Level 1 At December 31, 2024 and 2023, 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, 2024 and 2023, the Company had no Level 3 recurring fair value measurements. Non-Recurring Measurements Investment Properties During the year ended December 31, 2024, the Company recorded an impairment of real estate assets of $3,854 on one retail property after receiving and accepting a letter of intent to purchase the property for less than its carrying value. The estimated fair value of the property was based on this negotiated letter of intent. The property was sold on October 31, 2024 for $57,800, resulting in a loss on sale of $614, which was primarily closing costs. 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, 2024 and 2023: December 31, 2024 December 31, 2023 Carrying Value Estimated Market Carrying Value Estimated Market Mortgages payable $ 93,380 $ 87,576 6.64 % $ 168,548 $ 161,320 6.86 % Senior notes 250,000 236,480 6.23 % 250,000 233,635 6.31 % Term loans 400,000 400,170 5.29 % 400,000 399,539 5.10 % 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, 2024
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 stock-based compensation plans. The following table reconciles the amounts used in calculating basic and diluted EPS: Year ended December 31 2024 2023 2022 Numerator: Net income attributed to common shares - basic and diluted $ 13,658 $ 5,269 $ 52,233 Denominator: Weighted average common shares outstanding - basic 70,394,448 67,531,898 67,406,233 Dilutive effect of unvested restricted shares 616,120 281,282 119,702 Weighted average common shares outstanding - diluted 71,010,568 67,813,180 67,525,935 Basic and diluted earnings per common share: Net income per common share - basic $ 0.19 $ 0.08 $ 0.77 Net income per common share - diluted $ 0.19 $ 0.08 $ 0.77 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. As of December 31, 2024, $236.7 million of common stock remains available for issuance under the ATM Program. The following table summarizes the Company's activity under the ATM Program: Number of Weighted Gross Proceeds Commissions Net Proceeds Quarter ended December 31, 2023 208,040 $26.13 $ 5,437 $ 68 $ 5,369 Quarter ended December 31, 2024 254,082 $30.96 $ 7,866 $ 99 $ 7,767 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, 2024, the Company has not repurchased any common stock under the SRP. Common Stock Offering On September 25, 2024, the Company completed an underwritten public offering of its common stock at a price to the public of $28.00 per share. The Company issued and sold 9,200,000 shares of its common stock, including 1,200,000 shares issued in connection with the full exercise of the underwriters' over-allotment option. The Company received $247.3 million of net proceeds, after deducting $10.3 million in underwriting discounts and commissions.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Incentive Award Plan The Company's Board adopted the InvenTrust Properties Corp. 2015 Incentive Award Plan effective as of June 19, 2015 (the "Incentive Award Plan"). On May 6, 2016, the Board adopted the first amendment to the Incentive Award Plan and on March 20, 2024, the Board adopted the second amendment to the Incentive Award Plan (collectively, the "Amendments"). The Company's stockholders approved the Incentive Award Plan, as amended by the Amendments, on May 7, 2024, which, among other things, increased the aggregate number of shares of common stock that may be issued pursuant to awards granted under the Incentive Award Plan (the "Share Limit") by 2,750,000 shares to 5,750,000 shares. Any forfeited awards or unearned performance shares subject to an award are added back to the Share Limit. As of December 31, 2024, outstanding restricted stock unit ("RSU") awards are categorized as either time-based awards or market-based awards. All awards are granted at fair value, earn dividends throughout the vesting period, and have no voting rights. As of December 31, 2024, 2,854,824 shares were available for future issuance under the Incentive Award Plan. 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 2024 2023 2022 Volatility 31.00% 34.00% 33.89% Risk free interest rate 4.42% 4.45% 0.79 % - 1.76% Dividend Yield 3.40% 3.20% 3.24% The following table summarizes the Company's RSU activity under the Incentive Award Plan: Unvested Time- Unvested Performance Weighted Average Grant Outstanding as of January 1, 2022 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 — (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 — (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 Shares granted 197,884 335,936 $19.78 Shares vested (155,511) (113,954) $26.33 Unearned performance shares — (82,665) $28.90 Shares forfeited (2,190) (17,360) $17.41 Outstanding as of December 31, 2024 187,775 1,146,728 $17.71 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 3,274,365 shares remain available as of December 31, 2024. The following table summarizes the Company's activity under the ESPP: Year ended December 31 2024 2023 Shares purchased 13,907 11,728 Discounted issuance price $20.14 $20.07 Issuance proceeds $280 $235 Stock-Based Compensation Expense The following table summarizes the Company's stock-based compensation expense: Year ended December 31 2024 2023 2022 Incentive Award Plan, net (a) $ 9,759 $ 8,953 $ 6,541 Employee Stock Purchase Plan (b) 137 68 — Stock-based compensation expense, net $ 9,896 $ 9,021 $ 6,541 (a) As of December 31, 2024, there was $10,225 of total estimated unrecognized compensation expense related to the Incentive Award Plan which will be recognized through December 2027. (b) As of December 31, 2024, there was $76 of total estimated unrecognized compensation expense related to the ESPP which will be recognized through June 2026.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information Single Reportable Segment The Company's Chief Executive Officer (the "CEO") evaluates the performance of the Company's portfolio of retail properties and determines how resources are allocated. Accordingly, the CEO has been deemed the chief operating decision maker (the "CODM"). The Company generates substantially all of its earnings from multi-tenant essential retail properties located in the Sun Belt, and the CODM regularly evaluates the performance of the Company and its retail portfolio on a consolidated basis. The CODM does not distinguish the Company's principal business, or group its operations by geography or size for the purposes of measuring performance. As the CODM reviews, analyzes, makes decisions, and allocates resources on a consolidated basis, the Company has determined it has a single operating and reportable segment, its portfolio of multi-tenant retail properties. Segment Performance The CODM believes net income or loss determined in accordance with GAAP is the most appropriate earnings measurement to assess the Company's overall performance. Additionally, the CODM evaluates the consolidated performance of the Company's portfolio of retail properties based on Net Operating Income ("NOI"), a supplemental non-GAAP measure. NOI excludes general and administrative expenses, depreciation and amortization, other income and expense, net, gains (losses) from sales of properties, gains (losses) on extinguishment of debt, impairment of real estate assets, interest expense, net, equity in (losses) earnings of unconsolidated entities, lease termination income and expense, and GAAP rent adjustments such as amortization of market lease intangibles, amortization of lease incentives, and straight-line rent adjustments ("GAAP Rent Adjustments"). The CODM believes the supplemental non-GAAP measure of NOI is an important measure in assessing operating performance and provides added comparability across periods when evaluating the Company's financial condition and operating performance that is not readily apparent from "Net income" in accordance with GAAP. Operating retail properties generally require capital investments, including value-enhancing development and redevelopment projects and leasing commissions. During the years ended December 31, 2024 and 2023, the Company spent $36,116 and $35,744 on capital investments and leasing costs, respectively. As of December 31, 2024 and 2023, total accrued capital investments and leasing costs were $3,620 and $2,562, respectively. The measure of segment assets regularly reviewed by the CODM is reported on the consolidated balance sheets as Total assets. No single tenant comprises 10% or more of the Company's Lease income, net for any years presented. Net Operating Income The following table reconciles net income, the most directly comparable GAAP measure, to NOI: Year Ended December 31 2024 2023 2022 Net income $ 13,658 $ 5,269 $ 52,233 Adjustments to reconcile to NOI: Other income and expense, net (3,755) (5,480) (2,030) Equity in losses (earnings) of unconsolidated entities — 557 (3,663) Interest expense, net 37,100 38,138 26,777 Loss on extinguishment of debt — 15 181 Gain on sale of investment properties, net (3,857) (2,691) (38,249) Impairment of real estate assets 3,854 — — Depreciation and amortization 113,948 113,430 94,952 General and administrative 33,172 31,797 33,342 Other fee income — (80) (2,566) Adjustments to NOI (a) (7,548) (7,528) (9,743) NOI $ 186,572 $ 173,427 $ 151,234 (a) Adjustments to NOI include lease termination income and expense and GAAP Rent Adjustments. Significant Expenses The following table reflects the disaggregation of property operating expenses: Year ended December 31 2024 2023 2022 Repairs and maintenance $ 13,366 $ 14,270 $ 15,120 Payroll, benefits, and office 10,510 10,690 8,336 Utilities and waste removal 9,462 8,747 7,760 Property insurance 6,668 5,552 4,168 Security, legal, and other expenses 3,387 3,573 4,855 Lease termination expense 20 — — Property operating expenses $ 43,413 $ 42,832 $ 40,239

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
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. During the year ended December 31, 2023, the Captive incurred no claims. During the year ended December 31, 2024, the Captive incurred estimated claims of $881, of which $61 has been paid. 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 Balance Sheet Caption December 31, 2024 December 31, 2023 Operating lease ROU assets Deferred costs and other assets, net $ 3,012 $ 3,220 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (1,163) $ (967) Operating lease liabilities Other liabilities $ 2,528 $ 3,023 Weighted-average remaining lease term 5.2 years 6.0 years Weighted-average discount rate 4.49 % 4.47 % The following table summarizes the Company's operating lease arrangements: Statement of Operations and Year ended December 31 2024 2023 Minimum lease payments General and administrative $ 559 $ 570 Variable lease payments General and administrative 300 298 Short-term lease payments General and administrative 200 114 Total lease cost $ 1,059 $ 982 The following table summarizes the Company's future minimum operating lease obligations as of December 31, 2024: Scheduled minimum payments by year: Future Minimum Lease Payments 2025 $ 511 2026 517 2027 529 2028 522 2029 493 Thereafter 293 Total expected minimum lease obligation 2,865 Less: Amount representing interest (a) (337) Present value of net minimum lease payments $ 2,528 (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, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing its consolidated financial statements, the Company evaluated events and transactions occurring after December 31, 2024 through the date the financial statements were issued for recognition and disclosure purposes.

Schedule III - Real Estate And

Schedule III - Real Estate And Accumulated Depreciation	12 Months Ended
	Dec. 31, 2024
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 $ — $ (528) $ 5,327 $ 13,805 $ 19,132 $ 3,157 2020 Bay Colony — 8,287 41,714 — 2,424 8,287 44,138 52,425 3,899 2023 Bay Landing — 1,687 9,283 — 112 1,687 9,395 11,082 1,072 2022 Bear Creek Village Center — 3,523 12,384 — (799) 3,523 11,585 15,108 5,922 2009 Bent Tree Plaza — 1,983 7,093 — 807 1,983 7,900 9,883 3,910 2009 Blackhawk Town Center — 10,265 6,156 — (40) 10,265 6,116 16,381 842 2023 Buckhead Crossing — 7,565 27,104 — 949 7,565 28,053 35,618 13,558 2009 Campus Marketplace — 26,928 43,445 55 1,239 26,983 44,684 71,667 12,612 2017 Cary Park Town Center — 5,555 17,280 — 110 5,555 17,390 22,945 4,743 2017 Commons at University Place — 3,198 17,909 — (8) 3,198 17,901 21,099 3,648 2019 Coweta Crossing — 1,143 4,590 — (417) 1,143 4,173 5,316 2,352 2009 Custer Creek Village — 4,750 12,245 — 1,433 4,750 13,678 18,428 7,349 2007 Cyfair Town Center — 16,184 48,566 — 828 16,184 49,394 65,578 4,339 2023 Eastfield Village — 2,327 14,321 — 337 2,327 14,658 16,985 1,444 2022 Eldorado Marketplace — 15,732 49,311 — 801 15,732 50,112 65,844 9,441 2019 Eldridge Town Center — 3,200 16,687 1,761 5,867 4,961 22,554 27,515 10,606 2005 Escarpment Village 26,000 19,641 51,763 — 291 19,641 52,054 71,695 6,001 2022 Garden Village — 3,188 16,522 3,268 609 6,456 17,131 23,587 8,453 2009 Gateway Market Center — 13,600 4,992 — 4,983 13,600 9,975 23,575 3,946 2010 Kennesaw Marketplace — 12,587 51,860 — 453 12,587 52,313 64,900 12,083 2018 Kyle Marketplace — 6,076 48,220 711 681 6,787 48,901 55,688 12,358 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 $ 8,489 2019 Market at Mill Creek — 2,435 20,324 — 12 2,435 20,336 22,771 — 2024 Market at Westlake — 1,200 6,274 (64) (42) 1,136 6,232 7,368 3,605 2007 Moores Mill — 5,180 17,653 — 10 5,180 17,663 22,843 495 2024 Nexton Square — 9,531 41,546 — 21 9,531 41,567 51,098 — 2024 Northcross Commons — 7,591 21,303 — 905 7,591 22,208 29,799 6,415 2016 Old Grove Marketplace — 12,545 8,902 — 472 12,545 9,374 21,919 2,967 2016 Pavilion at La Quinta — 15,200 20,947 — 1,217 15,200 22,164 37,364 11,123 2009 Peachland Promenade — 1,742 6,502 4,158 10,674 5,900 17,176 23,076 4,183 2009 PGA Plaza Palm Beach Gardens — 10,414 75,730 — 1,293 10,414 77,023 87,437 17,072 2018 Plantation Grove & Maguire Grove — 5,791 19,037 — 1,058 5,791 20,095 25,886 3,126 2014 & 2024 Plaza Midtown — 5,295 23,946 — 1,219 5,295 25,165 30,460 6,010 2017 Prestonwood Town Center — 22,055 22,140 — 538 22,055 22,678 44,733 3,540 2021 Renaissance Center — 26,713 96,141 — 6,530 26,713 102,671 129,384 32,996 2016 Rio Pinar Plaza — 5,171 26,903 676 1,991 5,847 28,894 34,741 9,109 2015 River Oaks — 24,598 88,418 — 3,228 24,598 91,646 116,244 22,416 2017 Riverview Village — 6,000 9,649 — 448 6,000 10,097 16,097 5,939 2007 Riverwalk Market — 5,931 23,922 — 366 5,931 24,288 30,219 7,228 2016 Rose Creek — 1,443 5,630 — 117 1,443 5,747 7,190 2,831 2009 Sandy Plains Centre — 12,364 27,270 652 4,600 13,016 31,870 44,886 6,151 2018 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 Sarasota Pavilion $ — $ 12,000 $ 25,823 $ — $ 12,532 $ 12,000 $ 38,355 $ 50,355 $ 15,101 2010 Scofield Crossing — 8,100 4,992 (576) 2,923 7,524 7,915 15,439 3,453 2007 Scottsdale North Marketplace — 6,505 14,683 — 124 6,505 14,807 21,312 310 2024 Shops at Arbor Trails 31,500 28,233 76,769 — 169 28,233 76,938 105,171 9,112 2022 Shops at Fairview Town Center — 7,299 25,233 — 1,188 7,299 26,421 33,720 5,053 2019 Shops at the Galleria — 52,104 75,651 (597) 4,437 51,507 80,088 131,595 24,981 2016 Sonterra Village — 5,150 15,095 (181) 803 4,969 15,898 20,867 5,012 2015 Southern Palm Crossing — 37,735 49,843 (745) 2,716 36,990 52,559 89,549 11,011 2019 Stables Town Center — 5,899 20,439 — 73 5,899 20,512 26,411 1,844 2023 Stonehenge Village — 10,534 44,971 — 14 10,534 44,985 55,519 568 2024 Stone Ridge Market — 8,935 38,754 — (5,427) 8,935 33,327 42,262 2,995 2022 Suncrest Village — 6,742 6,403 — 11,338 6,742 17,741 24,483 3,128 2014 Sycamore Commons — 12,500 31,265 — 2,367 12,500 33,632 46,132 18,059 2010 The Centre on Hugh Howell — 2,250 11,091 — 1,899 2,250 12,990 15,240 6,558 2007 The Forum — 9,939 21,943 — 58 9,939 22,001 31,940 87 2024 The Highlands of Flower Mound 22,880 6,330 24,374 — (160) 6,330 24,214 30,544 2,967 2022 The Parke — 9,271 83,078 — 1,550 9,271 84,628 93,899 22,432 2017 The Plant 13,000 3,864 21,423 — 8 3,864 21,431 25,295 812 2024 The Pointe at Creedmoor — 7,507 5,454 — 82 7,507 5,536 13,043 1,896 2016 The Shoppes at Davis Lake — 6,232 12,903 — 61 6,232 12,964 19,196 864 2023 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 The Shops at Town Center $ — $ 19,998 $ 29,776 $ — $ 1,160 $ 19,998 $ 30,936 $ 50,934 $ 8,691 2017 Thomas Crossroads — 1,622 8,322 — 1,028 1,622 9,350 10,972 4,500 2009 Travilah Square — 8,964 39,836 — 729 8,964 40,565 49,529 7,302 2019 University Oaks Shopping Center — 7,250 25,326 (170) 8,748 7,080 34,074 41,154 18,291 2010 Westfork Plaza & Paraiso Parc — 28,267 124,019 — 7,533 28,267 131,552 159,819 36,026 2017 Westpark Shopping Center — 7,462 24,164 (4) 6,339 7,458 30,503 37,961 9,130 2013 Windward Commons — 12,823 13,779 (171) 881 12,652 14,660 27,312 4,750 2016 Total corporate assets — — — — 3,733 — 3,733 3,733 1,606 - Total $ 93,380 $ 704,054 $ 1,994,509 $ 8,773 $ 121,583 $ 712,827 $ 2,116,092 $ 2,828,919 $ 511,969 Construction in progress — — — 9,951 — 9,951 9,951 — Total investment properties $ 704,054 $ 1,994,509 $ 8,773 $ 131,534 $ 712,827 $ 2,126,043 $ 2,838,870 $ 511,969 Notes to Schedule III The aggregate cost of real estate owned as of December 31, 2024, for federal income tax purposes was approximately $3,227,994 (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: 2024 2023 2022 Balance as of January 1 $ 2,656,674 $ 2,481,662 $ 2,273,103 Acquisitions and capital improvements 277,912 191,666 307,177 Disposals, impairment, and write-offs of assets no longer in service (95,716) (16,654) (98,618) Balance as of December 31 $ 2,838,870 $ 2,656,674 $ 2,481,662 (D) Reconciliation of accumulated depreciation: 2024 2023 2022 Balance at January 1, $ 461,352 $ 389,361 $ 350,256 Depreciation expense 82,603 78,560 71,428 Disposal, impairment, and write-offs of assets no longer in service (31,986) (6,569) (32,323) Balance at December 31, $ 511,969 $ 461,352 $ 389,361 (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

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 13,658	$ 5,269	$ 52,233

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan. We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework ("NIST CSF"). This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the NIST CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels, and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. Our cybersecurity risk management program includes: • risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment; • a team responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents; • the use of external service providers, where appropriate, to assess, test or otherwise assist with aspects of our security controls; • cybersecurity awareness training of our employees, incident response personnel, and senior management; • a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; and • a risk management process for essential third-party service providers, suppliers, and vendors, as identified by management.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") oversight of cybersecurity and other information technology risks. The Committee oversees management's implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cybersecurity risk management program. Board members receive presentations on cybersecurity topics from our Vice President of Information Technology ("VP IT") or external experts as part of the Board's continuing education on topics that impact public companies.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") oversight of cybersecurity and other information technology risks. The Committee oversees management's implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cybersecurity risk management program. Board members receive presentations on cybersecurity topics from our Vice President of Information Technology ("VP IT") or external experts as part of the Board's continuing education on topics that impact public companies.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") oversight of cybersecurity and other information technology risks. The Committee oversees management's implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cybersecurity risk management program. Board members receive presentations on cybersecurity topics from our Vice President of Information Technology ("VP IT") or external experts as part of the Board's continuing education on topics that impact public companies.
Cybersecurity Risk Role of Management [Text Block]	Our VP IT, who reports to the Chief Financial Officer, is primarily responsible for assessing and managing our material risks from cybersecurity, as well as our overall cybersecurity risk management program, including supervision of our retained external cybersecurity consultants. Our management team has experience with implementing IT organizational policies and procedures, working in multiple platform environments, and overseeing corporate networking and hardware framework. Our VP IT and management team are informed about and monitor efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from our internal team; threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us; and alerts and reports produced by security tools deployed in our IT environment.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") oversight of cybersecurity and other information technology risks. The Committee oversees management's implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cybersecurity risk management program. Board members receive presentations on cybersecurity topics from our Vice President of Information Technology ("VP IT") or external experts as part of the Board's continuing education on topics that impact public companies.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our management team has experience with implementing IT organizational policies and procedures, working in multiple platform environments, and overseeing corporate networking and hardware framework.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee (the "Committee") oversight of cybersecurity and other information technology risks. The Committee oversees management's implementation of our cybersecurity risk management program. The Committee receives periodic reports from management on our cybersecurity risks. In addition, management updates the Committee, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. The Committee reports to the full Board regarding its activities, including those related to cybersecurity. The full Board also receives briefings from management on our cybersecurity risk management program. Board members receive presentations on cybersecurity topics from our Vice President of Information Technology ("VP IT") or external experts as part of the Board's continuing education on topics that impact public companies.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
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. 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, the Company's 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.
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 $3,826 and $3,378 as of December 31, 2024 and 2023, respectively. Restricted cash often consists of lenders' escrows, operating real estate escrows for taxes, insurance, capital expenditures, payments required under certain lease agreements, funds restricted through the Company's wholly-owned captive insurance company, and 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, 2024, 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 re-measured. 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 four 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. Shares related to performance-based awards are issued 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. Shares related to market-based awards are issued within 65 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, 2024, 2023, and 2022 the Company did not have any operations within TRSs.
Recently Issued Accounting Pronouncements Adopted	Recently Issued Accounting Pronouncements Adopted Standard Description Date of adoption Effect on the financial statements ASU No. 2023-07 The Accounting Standards Update ("ASU") is intended In addition, the amendments enhance interim disclosure January 2024 The Company has evaluated this guidance and determined that its impact is limited to incremental disclosure and will not have an impact on the Company's financial position, results of operations, or cash flows. The incremental disclosures pertaining to the Company's single reportable segment have been included in "Note 12. Segment Information" . Recently Issued Accounting Pronouncements Not Yet Adopted Standard Description Effective date Effect on the financial statements ASU No. 2024-03 The ASU is intended to improve financial reporting by requiring more granular disclosures about an entity’s expenses so investors can better understand performance, prospects for future cash flows and comparability over time. The primary goal is to improve the decision-usefulness of expense information through disaggregation of relevant expense captions in the notes to the financial statements. Annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Company continues to evaluate The Company does not expect the standard to have an impact on the Company's financial position, results of Other recently issued accounting standards or pronouncements not disclosed in the foregoing tables 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, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Multi-Tenant Retail Portfolio	The following table summarizes the Company's retail portfolio as of December 31, 2024 and 2023: As of December 31 2024 2023 No. of properties 68 62 Gross Leasable Area (square feet) 10,972 10,324

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Recently Issued Accounting Pronouncements	Standard Description Date of adoption Effect on the financial statements ASU No. 2023-07 The Accounting Standards Update ("ASU") is intended In addition, the amendments enhance interim disclosure January 2024 The Company has evaluated this guidance and determined that its impact is limited to incremental disclosure and will not have an impact on the Company's financial position, results of operations, or cash flows. The incremental disclosures pertaining to the Company's single reportable segment have been included in "Note 12. Segment Information" . Recently Issued Accounting Pronouncements Not Yet Adopted Standard Description Effective date Effect on the financial statements ASU No. 2024-03 The ASU is intended to improve financial reporting by requiring more granular disclosures about an entity’s expenses so investors can better understand performance, prospects for future cash flows and comparability over time. The primary goal is to improve the decision-usefulness of expense information through disaggregation of relevant expense captions in the notes to the financial statements. Annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Company continues to evaluate The Company does not expect the standard to have an impact on the Company's financial position, results of

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule 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, 2024 2025 $ 209,875 2026 195,712 2027 163,117 2028 136,608 2029 106,862 Thereafter 377,780 Total $ 1,189,954
Schedule of Disaggregation of Lease Income, Net	The following table reflects the disaggregation of lease income, net: Year Ended December 31 2024 2023 2022 Minimum base rent $ 175,068 $ 165,267 $ 145,467 Real estate tax recoveries 33,343 31,220 30,107 Common area maintenance, insurance, and other recoveries 33,003 30,731 28,072 Ground rent income 19,321 19,044 14,991 Amortization of market-lease intangibles and inducements, net 2,804 3,343 5,589 Short-term and other lease income 4,567 4,389 4,333 Lease termination income 1,364 836 339 Straight-line rent adjustments, net 3,400 3,349 3,815 (Provision for) reversal of uncollectable billed rent and recoveries (430) (1,033) 267 Lease income, net $ 272,440 $ 257,146 $ 232,980

Acquired Properties (Tables)

Acquired Properties (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Retail Properties Acquired	The following table reflects the retail properties acquired during the year ended December 31, 2024: Date Property Market Square Feet Gross Intangible Assets Intangible Liabilities Assumption of Mortgage Debt 2/1/24 The Plant (a) Phoenix, AZ 57 $ 29,500 $ 4,467 $ 540 $ 13,000 4/9/24 Moores Mill Atlanta Metro Area, GA 70 28,000 6,710 1,451 — 6/13/24 Maguire Groves (b) Orlando-Kissimmee, FL 33 16,100 1,652 406 — 8/6/24 Scottsdale North Marketplace Phoenix, AZ 66 23,000 2,691 1,295 — 10/9/24 Stonehenge Village Richmond, VA 214 62,100 10,630 3,725 — 11/26/24 The Forum Cape Coral-Fort Myers, FL 186 41,370 12,359 2,736 — 12/18/24 Market at Mill Creek Charleston-Berkeley-Dorchester, SC 80 27,300 6,109 1,432 — 12/18/24 Nexton Square Charleston-Berkeley-Dorchester, SC 134 54,700 9,410 5,850 — 840 $ 282,070 $ 54,028 $ 17,435 $ 13,000 (a) The Company recognized a fair value adjustment of $410 related to the mortgage payable secured by the property. (b) Maguire Groves is immediately adjacent to Plantation Grove, a Publix anchored neighborhood center wholly-owned by the Company. The Company operates these properties under the Plantation Grove name. The following table reflects the retail properties acquired during the year ended December 31, 2023: Date Property Market Square Feet Gross Intangible Assets Intangible Liabilities Assumption of Mortgage Debt 1/18/23 Bay Colony (a) Houston-Sugar Land-Baytown, TX 416 $ 79,100 $ 16,586 $ 1,937 $ 41,969 1/18/23 Blackhawk Town Center (a) Houston-Sugar Land-Baytown, TX 127 26,300 3,123 184 13,008 1/18/23 Cyfair Town Center (a) Houston-Sugar Land-Baytown, TX 433 79,200 17,229 4,160 30,880 1/18/23 Stables Town Center (a) Houston-Sugar Land-Baytown, TX 148 37,000 8,155 676 6,611 6/2/23 The Shoppes at Davis Lake Charlotte-Gastonia-Concord, NC 91 22,400 3,551 123 — 1,215 $ 244,000 $ 48,644 $ 7,080 $ 92,468 (a) These retail properties were acquired from the Company's former unconsolidated joint venture. See "Note 6. Investment in Unconsolidated Entities". The Company recognized a fair value adjustment of $692 related to the pooled mortgage debt on these properties.

Disposed Properties (Tables)

Disposed Properties (Tables)	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Real Property Disposed	The following table reflects the real property disposed of during the year ended December 31, 2024: Date Property Market Square Feet Gross Gain (Loss) 7/22/24 Eldridge Town Center & Windermere Village (a) Houston - Sugar Land - Baytown, TX N/A $ 602 $ 334 10/31/24 Stevenson Ranch So. California - Los Angeles, CA 187 57,800 (614) 12/13/24 Eldridge Town Center & Windermere Village (b) Houston - Sugar Land - Baytown, TX 31 10,150 4,137 218 $ 68,552 $ 3,857 (a) This disposition was related to the completion of a partial condemnation at one retail property. (b) This disposition included the sale of an outparcel at Eldridge Town Center and the entirety of Windermere Village. Subsequent to the transaction, the Company continues to operate the remaining property under the Eldridge Town Center name. The following table reflects the real property disposed of during the year ended December 31, 2023: Date Property Market Square Feet Gross Gain on Sale 06/20/23 Shops at Galleria (a) Austin - Round Rock, TX N/A $ 1,692 $ 984 8/25/23 Trowbridge Crossing Atlanta Metro Area, 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.

Intangible Assets, Liabilitie_2

Intangible Assets, Liabilities, and Deferred Leasing Costs (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following table summarizes the Company's intangible assets, intangible liabilities, and deferred leasing costs: As of December 31 2024 2023 Intangible assets: In-place leases $ 216,175 $ 183,139 Above-market leases 16,053 17,967 Intangible assets 232,228 201,106 Accumulated amortization: In-place leases (87,104) (78,177) Above-market leases (7,704) (8,444) Accumulated amortization (94,808) (86,621) Intangible assets, net $ 137,420 $ 114,485 Intangible liabilities: Below-market leases $ 65,776 $ 52,412 Accumulated amortization (22,879) (22,068) Intangible liabilities, net $ 42,897 $ 30,344 Deferred leasing costs: Leasing costs $ 25,132 $ 22,621 Accumulated amortization (8,993) (7,626) Deferred leasing costs, net $ 16,139 $ 14,995
Schedule of Identified Intangible Assets and Liabilities	The following table summarizes the amortization related to intangible assets, intangible liabilities, and deferred leasing costs: Year ended December 31 2024 2023 2022 Intangible assets: In-place leases $ 28,133 $ 32,179 $ 20,993 Above-market leases 2,452 2,977 2,018 Amortization of intangible assets $ 30,585 $ 35,156 $ 23,011 Intangible liabilities: Amortization of below-market leases $ 4,879 $ 5,976 $ 7,403 Deferred leasing costs: Amortization of deferred leasing costs $ 3,213 $ 2,691 $ 2,533
Schedule 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, intangible liabilities, and deferred leasing costs as of December 31, 2024: Year ending December 31, In-place leases Above market leases Below market leases Deferred leasing costs 2025 $ 29,159 $ 2,143 $ 5,196 $ 2,630 2026 23,450 1,719 4,649 2,463 2027 17,375 1,273 3,722 2,203 2028 13,323 967 3,205 1,910 2029 9,426 616 2,894 1,631 Thereafter 36,338 1,631 23,231 5,302 Total $ 129,071 $ 8,349 $ 42,897 $ 16,139

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the Company's debt as of December 31, 2024 and 2023: Interest As of December 31, 2024 As of December 31, 2023 Maturity Date Interest Rate Amount Interest Rate Amount Mortgages Payable Fixed rate mortgages payable Various Fixed 3.97% (a) $ 93,380 4.01% (a) $ 96,080 Variable rate mortgages payable (b) N/A Variable N/A — 1M SOFR+ 1.65% (c) 72,468 Total 93,380 168,548 Term Loans $200.0 million 5 year 9/22/26 Fixed 2.81% (d) 100,000 2.81% (d) 100,000 $200.0 million 5 year 9/22/26 Fixed 2.81% (d) 100,000 2.81% (d) 100,000 $200.0 million 5.5 year 3/22/27 Fixed 2.78% (d) 50,000 2.77% (d) 50,000 $200.0 million 5.5 year 3/22/27 Fixed 2.84% (d) 50,000 2.76% (d) 50,000 $200.0 million 5.5 year 3/22/27 Fixed 4.99% (d) 100,000 4.99% (d) 100,000 Total 400,000 400,000 Senior Notes $150.0 million Series A Notes 8/11/29 Fixed 5.07% 150,000 5.07% 150,000 $100.0 million Series B Notes 8/11/32 Fixed 5.20% 100,000 5.20% 100,000 Total 250,000 250,000 Revolving Line of Credit $500.0 million total capacity (e) 1/15/29 Variable 1M SOFR + 1.15% (c)(f) — 1M SOFR + 1.14% (c)(f) — Total debt 4.03% 743,380 4.29% 818,548 Debt discounts and financing costs, net (2,965) (3,980) Debt, net $ 740,415 $ 814,568 (a) Interest rates reflect the weighted average of the Company's mortgages payable. (b) These mortgages payable were cross-collateralized by three properties and were extinguished on September 27, 2024. (c) As of December 31, 2024 and 2023, 1-Month Term SOFR (d) Interest rates reflect the fixed rates achieved through the Company's interest rate swaps. (e) Prior to the third amendment, the total capacity on the Revolving Line of Credit was $350.0 million. (f)
Schedule of Maturities for Outstanding Mortgage Indebtedness	The following table summarizes the scheduled maturities of the Company's mortgages payable as of December 31, 2024: Scheduled maturities by year: Principal Balance 2025 $ 35,880 2026 — 2027 26,000 2028 — 2029 31,500 Thereafter — Total $ 93,380
Schedule of Interest Rate Swaps	The following table summarizes the Company's five effective interest rate swaps as of December 31, 2024: Interest Rate Swaps Effective Termination Date InvenTrust Receives InvenTrust Pays Fixed Rate of Fixed Rate Achieved Notional 5.5 Year Term Loan 4/3/23 3/22/27 1-Month SOFR 3.69% 4.99% $ 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.54% 2.84% 50,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.48% 2.78% 50,000 $ 400,000 The following table summarizes the Company's five effective and two forward interest rate swaps as of December 31, 2023: Interest Rate Swaps Effective Termination Date InvenTrust Receives InvenTrust Pays Fixed Rate of Fixed Rate Achieved Notional 5.5 Year Term Loan 12/2/19 6/21/24 1-Month SOFR 1.47% 2.77% $ 50,000 5.5 Year Term Loan 12/2/19 6/21/24 1-Month SOFR 1.46% 2.76% 50,000 5.5 Year Term Loan 4/3/23 3/22/27 1-Month SOFR 3.69% 4.99% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 5 Year Term Loan 12/21/23 9/22/26 1-Month SOFR 1.51% 2.81% 100,000 $ 400,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.48% 2.78% $ 50,000 5.5 Year Term Loan 6/21/24 3/22/27 1-Month SOFR 1.54% 2.84% 50,000 $ 100,000
Schedule of Effect of Derivative Financial Instruments Included in AOCI	The following table summarizes the effects of derivative financial instruments on the consolidated financial statements for the years ended December 31, 2024, 2023 and 2022: 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 Unrealized gain on derivatives $ 9,019 $ 6,228 $ 32,052 Interest expense, net $ 12,667 $ 14,875 $ 1,009 Interest expense, net $ 37,100 $ 38,138 $ 26,777
Schedule 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 for the years ended December 31, 2024, 2023 and 2022: 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 2024 2023 2022 2024 2023 2022 2024 2023 2022 Unrealized gain on derivatives $ 9,019 $ 6,228 $ 32,052 Interest expense, net $ 12,667 $ 14,875 $ 1,009 Interest expense, net $ 37,100 $ 38,138 $ 26,777

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule 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 December 31, 2024 December 31, 2023 Cash Flow Hedges: (a) (b) Level 1 Level 2 (c) Level 3 Level 1 Level 2 (c) Level 3 Derivative interest rate swaps — $ 14,426 — — $ 18,074 — (a) During the twelve months subsequent to December 31, 2024, an estimated $8,083 of derivative interest rate balances recognized in accumulated comprehensive income will be reclassified into earnings. (b) As of December 31, 2024 and 2023, 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)
Schedule 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, 2024 and 2023: December 31, 2024 December 31, 2023 Carrying Value Estimated Market Carrying Value Estimated Market Mortgages payable $ 93,380 $ 87,576 6.64 % $ 168,548 $ 161,320 6.86 % Senior notes 250,000 236,480 6.23 % 250,000 233,635 6.31 % Term loans 400,000 400,170 5.29 % 400,000 399,539 5.10 % 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, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table reconciles the amounts used in calculating basic and diluted EPS: Year ended December 31 2024 2023 2022 Numerator: Net income attributed to common shares - basic and diluted $ 13,658 $ 5,269 $ 52,233 Denominator: Weighted average common shares outstanding - basic 70,394,448 67,531,898 67,406,233 Dilutive effect of unvested restricted shares 616,120 281,282 119,702 Weighted average common shares outstanding - diluted 71,010,568 67,813,180 67,525,935 Basic and diluted earnings per common share: Net income per common share - basic $ 0.19 $ 0.08 $ 0.77 Net income per common share - diluted $ 0.19 $ 0.08 $ 0.77
Schedule of Activity Under ATM Program	The following table summarizes the Company's activity under the ATM Program: Number of Weighted Gross Proceeds Commissions Net Proceeds Quarter ended December 31, 2023 208,040 $26.13 $ 5,437 $ 68 $ 5,369 Quarter ended December 31, 2024 254,082 $30.96 $ 7,866 $ 99 $ 7,767

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule 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 2024 2023 2022 Volatility 31.00% 34.00% 33.89% Risk free interest rate 4.42% 4.45% 0.79 % - 1.76% Dividend Yield 3.40% 3.20% 3.24%
Schedule of Restricted Stock Unit Activity	The following table summarizes the Company's RSU activity under the Incentive Award Plan: Unvested Time- Unvested Performance Weighted Average Grant Outstanding as of January 1, 2022 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 — (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 — (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 Shares granted 197,884 335,936 $19.78 Shares vested (155,511) (113,954) $26.33 Unearned performance shares — (82,665) $28.90 Shares forfeited (2,190) (17,360) $17.41 Outstanding as of December 31, 2024 187,775 1,146,728 $17.71
Schedule of Activity Under the ESPP	The following table summarizes the Company's activity under the ESPP: Year ended December 31 2024 2023 Shares purchased 13,907 11,728 Discounted issuance price $20.14 $20.07 Issuance proceeds $280 $235
Schedule of Company's Stock-Based Compensation Expense	The following table summarizes the Company's stock-based compensation expense: Year ended December 31 2024 2023 2022 Incentive Award Plan, net (a) $ 9,759 $ 8,953 $ 6,541 Employee Stock Purchase Plan (b) 137 68 — Stock-based compensation expense, net $ 9,896 $ 9,021 $ 6,541 (a) As of December 31, 2024, there was $10,225 of total estimated unrecognized compensation expense related to the Incentive Award Plan which will be recognized through December 2027. (b)

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Reconciliation of Net Income	The following table reconciles net income, the most directly comparable GAAP measure, to NOI: Year Ended December 31 2024 2023 2022 Net income $ 13,658 $ 5,269 $ 52,233 Adjustments to reconcile to NOI: Other income and expense, net (3,755) (5,480) (2,030) Equity in losses (earnings) of unconsolidated entities — 557 (3,663) Interest expense, net 37,100 38,138 26,777 Loss on extinguishment of debt — 15 181 Gain on sale of investment properties, net (3,857) (2,691) (38,249) Impairment of real estate assets 3,854 — — Depreciation and amortization 113,948 113,430 94,952 General and administrative 33,172 31,797 33,342 Other fee income — (80) (2,566) Adjustments to NOI (a) (7,548) (7,528) (9,743) NOI $ 186,572 $ 173,427 $ 151,234 (a) Adjustments to NOI include lease termination income and expense and GAAP Rent Adjustments.
Schedule of Disaggregation of Significant Expenses	The following table reflects the disaggregation of property operating expenses: Year ended December 31 2024 2023 2022 Repairs and maintenance $ 13,366 $ 14,270 $ 15,120 Payroll, benefits, and office 10,510 10,690 8,336 Utilities and waste removal 9,462 8,747 7,760 Property insurance 6,668 5,552 4,168 Security, legal, and other expenses 3,387 3,573 4,855 Lease termination expense 20 — — Property operating expenses $ 43,413 $ 42,832 $ 40,239

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Operating Lease	The following table summarizes the Company's operating lease arrangements: As of Balance Sheet Caption December 31, 2024 December 31, 2023 Operating lease ROU assets Deferred costs and other assets, net $ 3,012 $ 3,220 Operating lease ROU accumulated amortization Deferred costs and other assets, net $ (1,163) $ (967) Operating lease liabilities Other liabilities $ 2,528 $ 3,023 Weighted-average remaining lease term 5.2 years 6.0 years Weighted-average discount rate 4.49 % 4.47 %
Schedule of Total Lease Cost, Weighted-Average Lease Terms and Weighted-Average Discount Rates	The following table summarizes the Company's operating lease arrangements: Statement of Operations and Year ended December 31 2024 2023 Minimum lease payments General and administrative $ 559 $ 570 Variable lease payments General and administrative 300 298 Short-term lease payments General and administrative 200 114 Total lease cost $ 1,059 $ 982
Schedule of Future Operating Lease Obligations Maturity	The following table summarizes the Company's future minimum operating lease obligations as of December 31, 2024: Scheduled minimum payments by year: Future Minimum Lease Payments 2025 $ 511 2026 517 2027 529 2028 522 2029 493 Thereafter 293 Total expected minimum lease obligation 2,865 Less: Amount representing interest (a) (337) Present value of net minimum lease payments $ 2,528 (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) - Retail	Dec. 31, 2024 ft² property	Dec. 31, 2023 ft² property
Organization [Line Items]
Number of retail properties | property	68	62
Gross Leasable Area (square feet) | ft²	10,972,000	10,324,000

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Real Estate Capitalization and Depreciation (Details)	Dec. 31, 2024
Buildings and other improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	15 years
Buildings and other improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	30 years
Furniture, fixtures and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Furniture, fixtures and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	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, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Restricted cash	$ 3,826	$ 3,378

Basis of Presentation and Sum_6

Basis of Presentation and Summary of Significant Accounting Policies - Stock-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2024
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	65 days
Performance period (in years)	3 years
Minimum | Unvested Time- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting 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 | Unvested Time- Based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years
Maximum | Performance Based Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target, percentage	100%

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Minimum Lease Payments to be Received (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Minimum Lease Payments:
2025	$ 209,875
2026	195,712
2027	163,117
2028	136,608
2029	106,862
Thereafter	377,780
Total	$ 1,189,954

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details)	Dec. 31, 2024
Minimum
Disaggregation of Revenue [Line Items]
Remaining lease term (in years)	1 year
Maximum
Disaggregation of Revenue [Line Items]
Remaining lease term (in years)	56 years

Revenue Recognition - Schedul_2

Revenue Recognition - Schedule of Disaggregation of Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Minimum base rent	$ 175,068	$ 165,267	$ 145,467
Lease income, net	272,440	257,146	232,980
(Provision for) reversal of uncollectable billed rent and recoveries	(430)	(1,033)	267
Real estate tax recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	33,343	31,220	30,107
Common area maintenance, insurance, and other recoveries
Disaggregation of Revenue [Line Items]
Lease income, net	33,003	30,731	28,072
Ground rent income
Disaggregation of Revenue [Line Items]
Lease income, net	19,321	19,044	14,991
Amortization of market-lease intangibles and inducements, net
Disaggregation of Revenue [Line Items]
Lease income, net	2,804	3,343	5,589
Short-term and other lease income
Disaggregation of Revenue [Line Items]
Lease income, net	4,567	4,389	4,333
Lease termination income
Disaggregation of Revenue [Line Items]
Lease income, net	1,364	836	339
Straight-line rent adjustments, net
Disaggregation of Revenue [Line Items]
Lease income, net	$ 3,400	$ 3,349	$ 3,815

Acquired Properties - Schedule

Acquired Properties - Schedule of Retail Properties Acquired (Details) - Retail ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($) ft²
Business Acquisition [Line Items]
Square Feet | ft²	840	1,215
Gross Acquisition Price	$ 282,070	$ 244,000
Intangible Assets	54,028	48,644
Intangible Liabilities	17,435	7,080
Assumption of Mortgage Debt	13,000	92,468
Fair value assumption of mortgage debt	$ 410	$ 692
The Plant
Business Acquisition [Line Items]
Square Feet | ft²	57
Gross Acquisition Price	$ 29,500
Intangible Assets	4,467
Intangible Liabilities	540
Assumption of Mortgage Debt	$ 13,000
Moores Mill
Business Acquisition [Line Items]
Square Feet | ft²	70
Gross Acquisition Price	$ 28,000
Intangible Assets	6,710
Intangible Liabilities	1,451
Assumption of Mortgage Debt	$ 0
Maguire Groves
Business Acquisition [Line Items]
Square Feet | ft²	33
Gross Acquisition Price	$ 16,100
Intangible Assets	1,652
Intangible Liabilities	406
Assumption of Mortgage Debt	$ 0
Scottsdale North Marketplace
Business Acquisition [Line Items]
Square Feet | ft²	66
Gross Acquisition Price	$ 23,000
Intangible Assets	2,691
Intangible Liabilities	1,295
Assumption of Mortgage Debt	$ 0
Stonehenge Village
Business Acquisition [Line Items]
Square Feet | ft²	214
Gross Acquisition Price	$ 62,100
Intangible Assets	10,630
Intangible Liabilities	3,725
Assumption of Mortgage Debt	$ 0
The Forum
Business Acquisition [Line Items]
Square Feet | ft²	186
Gross Acquisition Price	$ 41,370
Intangible Assets	12,359
Intangible Liabilities	2,736
Assumption of Mortgage Debt	$ 0
Market at Mill Creek
Business Acquisition [Line Items]
Square Feet | ft²	80
Gross Acquisition Price	$ 27,300
Intangible Assets	6,109
Intangible Liabilities	1,432
Assumption of Mortgage Debt	$ 0
Nexton Square
Business Acquisition [Line Items]
Square Feet | ft²	134
Gross Acquisition Price	$ 54,700
Intangible Assets	9,410
Intangible Liabilities	5,850
Assumption of Mortgage Debt	$ 0
Bay Colony
Business Acquisition [Line Items]
Square Feet | ft²		416
Gross Acquisition Price		$ 79,100
Intangible Assets		16,586
Intangible Liabilities		1,937
Assumption of Mortgage Debt		$ 41,969
Blackhawk Town Center
Business Acquisition [Line Items]
Square Feet | ft²		127
Gross Acquisition Price		$ 26,300
Intangible Assets		3,123
Intangible Liabilities		184
Assumption of Mortgage Debt		$ 13,008
Cyfair Town Center
Business Acquisition [Line Items]
Square Feet | ft²		433
Gross Acquisition Price		$ 79,200
Intangible Assets		17,229
Intangible Liabilities		4,160
Assumption of Mortgage Debt		$ 30,880
Stables Town Center
Business Acquisition [Line Items]
Square Feet | ft²		148
Gross Acquisition Price		$ 37,000
Intangible Assets		8,155
Intangible Liabilities		676
Assumption of Mortgage Debt		$ 6,611
The Shoppes at Davis Lake
Business Acquisition [Line Items]
Square Feet | ft²		91
Gross Acquisition Price		$ 22,400
Intangible Assets		3,551
Intangible Liabilities		123
Assumption of Mortgage Debt		$ 0

Acquired Properties - Narrative

Acquired Properties - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Transaction costs capitalized	$ 1,116	$ 150	$ 1,079

Disposed Properties (Details)

Disposed Properties (Details) ft² in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) ft²	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price	$ 68,552	$ 13,142	$ 110,450
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
Retail
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	840	1,215
Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	218	63
Gross Disposition Price	$ 68,552	$ 13,142
Gain (Loss) on Sale, net	3,857	2,691
Eldridge Town Center & Windermere Village (a) | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gross Disposition Price	602
Gain (Loss) on Sale, net	$ 334
Stevenson Ranch | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	187
Gross Disposition Price	$ 57,800
Gain (Loss) on Sale, net	$ (614)
Eldridge Town Center & Windermere Village | Retail | Disposed by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square Feet | ft²	31
Gross Disposition Price	$ 10,150
Gain (Loss) on Sale, net	$ 4,137
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
Gross Disposition Price		$ 11,450
Gain (Loss) on Sale, net		$ 1,707

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Details)		11 Months Ended	12 Months Ended
	Jan. 18, 2023 USD ($) property interest_rate_swap	Dec. 15, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Apr. 17, 2013
Variable Interest Entity [Line Items]
Gain on sale of real estate investment	$ 24,900,000
Distributions from unconsolidated entities			$ 0	$ 95,065,000	$ 47,355,000
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
IAGM
Variable Interest Entity [Line Items]
Number of properties acquired | property	4
Gross Acquisition Price	$ 222,300,000
Assumption of 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%
Gain on sale of real estate investment	$ 45,200,000
Deferred gain on real estates			$ 39,900,000

Intangible Assets, Liabilitie_3

Intangible Assets, Liabilities, and Deferred Leasing Costs - Schedule of Intangible Assets and Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
In-place leases	$ 216,175	$ 183,139
Above-market leases	16,053	17,967
Intangible assets	232,228	201,106
Accumulated amortization	(94,808)	(86,621)
Intangible assets, net	137,420	114,485
Below-market leases	65,776	52,412
Accumulated amortization	(22,879)	(22,068)
Total	42,897	30,344
Leasing costs	25,132	22,621
Accumulated amortization	(8,993)	(7,626)
Deferred leasing costs, net	16,139	14,995
In-place leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	(87,104)	(78,177)
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (7,704)	$ (8,444)

Intangible Assets, Liabilitie_4

Intangible Assets, Liabilities, and Deferred Leasing Costs - Schedule of Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 30,585	$ 35,156	$ 23,011
Amortization of deferred leasing costs	3,213	2,691	2,533
In-place leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	28,133	32,179	20,993
Above-market leases
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	2,452	2,977	2,018
Below market leases acquired
Finite-Lived Intangible Assets [Line Items]
Amortization of below-market leases	$ 4,879	$ 5,976	$ 7,403

Intangible Assets, Liabilitie_5

Intangible Assets, Liabilities, and Deferred Leasing Costs - Schedule of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Amortization Income
2025	$ 5,196
2026	4,649
2027	3,722
2028	3,205
2029	2,894
Thereafter	23,231
Total	42,897	$ 30,344
In-place leases
Amortization Expense
2025	29,159
2026	23,450
2027	17,375
2028	13,323
2029	9,426
Thereafter	36,338
Total	129,071
Above-market leases
Amortization Expense
2025	2,143
2026	1,719
2027	1,273
2028	967
2029	616
Thereafter	1,631
Total	8,349
Deferred leasing costs
Amortization Expense
2025	2,630
2026	2,463
2027	2,203
2028	1,910
2029	1,631
Thereafter	5,302
Total	$ 16,139

Debt - Narrative (Details)

Debt - Narrative (Details)

12 Months Ended

Oct. 23, 2024 USD ($) extension_option

Sep. 27, 2024 USD ($)

Jun. 05, 2024 USD ($)

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, 2024 USD ($) interest_rate_swap

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Oct. 22, 2024 USD ($)

Debt Instrument [Line Items]

Partial payment of mortgage debt

$ 0

$ 32,000

$ 842,000

Stated interest rate (as a percent)

4.03%

4.29%

Interest Rate Swap

Debt Instrument [Line Items]

Number of interest rate derivative instruments | interest_rate_swap

5

Mortgages Payable

Debt Instrument [Line Items]

Extinguishment of mortgage payable

$ 72,500,000

$ 13,700,000

Mortgages Payable | Plantation Grove

Debt Instrument [Line Items]

Extinguishment of mortgage payable

$ 7,300,000

Mortgages Payable | Suncrest Village

Debt Instrument [Line Items]

Extinguishment of mortgage payable

$ 8,400,000

Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 250,000,000

Aggregate principal amount (as a percent)

5%

Debt instrument, redemption price (as a percent)

100%

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 (in months)

12 months

Partial payment of mortgage debt

$ 20,000,000

Revolving line of credit | Revolving line of credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 500,000,000

$ 350,000,000

$ 350,000,000

Number of extension options | extension_option

1

2

Extension option on line of credit, period (in months)

6 months

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 (in years)

5 years

Term Loan, Tranche Two | Unsecured Debt

Debt Instrument [Line Items]

Debt instrument, face amount

$ 200,000,000

Debt instrument, term (in years)

5 years 6 months

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

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 150,000,000

Debt instrument, face amount

$ 150,000,000

Stated interest rate (as a 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

Debt instrument, face amount

$ 100,000,000

Stated interest rate (as a percent)

5.20%

5.20%

5.20%

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details)		12 Months Ended
	Sep. 27, 2024 property	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 17, 2023 USD ($)	Aug. 11, 2022 USD ($)
Debt Instrument [Line Items]
Stated interest rate (as a percent)		4.03%	4.29%
Amount		$ 743,380,000	$ 818,548,000
Debt discounts and financing costs, net		(2,965,000)	(3,980,000)
Debt, net		$ 740,415,000	$ 814,568,000
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) [Member]	Secured Overnight Financing Rate (SOFR) [Member]
Mortgages Payable
Debt Instrument [Line Items]
Amount		$ 93,380,000	$ 168,548,000
Mortgages Payable | Fixed rate mortgages payable
Debt Instrument [Line Items]
Stated interest rate (as a percent)		3.97%	4.01%
Amount		$ 93,380,000	$ 96,080,000
Mortgages Payable | Variable rate mortgages payable
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)			1.65%
Amount		0	$ 72,468,000
Maximum borrowing capacity				$ 92,500,000
Number of properties, mortgages extinguished | property	3
Term Loans
Debt Instrument [Line Items]
Amount		$ 400,000,000	$ 400,000,000
Debt instrument, variable rate (as a percent)		4.33%	5.35%
Term Loans | 5 years - fixed rate 1
Debt Instrument [Line Items]
Stated interest rate (as a percent)		2.81%	2.81%
Amount		$ 100,000,000	$ 100,000,000
Debt instrument, face amount		$ 200,000,000
Debt instrument, term (in years)		5 years
Term Loans | 5 years - fixed rate 2
Debt Instrument [Line Items]
Stated interest rate (as a percent)		2.81%	2.81%
Amount		$ 100,000,000	$ 100,000,000
Debt instrument, face amount		$ 200,000,000
Debt instrument, term (in years)		5 years
Term Loans | 5.5 years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (as a percent)		2.78%	2.77%
Amount		$ 50,000,000	$ 50,000,000
Debt instrument, face amount		$ 200,000,000
Debt instrument, term (in years)		5 years 6 months
Term Loans | 5.5 years - fixed rate
Debt Instrument [Line Items]
Stated interest rate (as a percent)		2.84%	2.76%
Amount		$ 50,000,000	$ 50,000,000
Debt instrument, face amount		$ 200,000,000
Debt instrument, term (in years)		5 years 6 months
Term Loans | 5.5 year - fixed rate
Debt Instrument [Line Items]
Stated interest rate (as a percent)		4.99%	4.99%
Amount		$ 100,000,000	$ 100,000,000
Debt instrument, face amount		$ 200,000,000
Debt instrument, term (in years)		5 years 6 months
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 (as a 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 (as a 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]
Basis spread on variable rate (as a percent)		1.15%	1.14%
Amount		$ 0	$ 0
Maximum borrowing capacity		$ 500,000,000	$ 350,000,000
Commitment fee (as a percent)		0.15%

Debt - Schedule of Mortgage Mat

Debt - Schedule of Mortgage Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total	$ 743,380	$ 818,548
Mortgages Payable
Debt Instrument [Line Items]
2025	35,880
2026	0
2027	26,000
2028	0
2029	31,500
Thereafter	0
Total	$ 93,380	$ 168,548

Debt - Schedule of Interest Rat

Debt - Schedule of Interest Rate Swaps (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) interest_rate_swap	Dec. 31, 2023 USD ($) interest_rate_swap interest_rate_forward_swap	Jan. 18, 2023 USD ($)
Interest Rate Swap
Derivative [Line Items]
Number of derivatives held | interest_rate_swap	5	5
Notional Amount			$ 75,000,000
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	$ 400,000,000	$ 400,000,000
Interest Rate Swap One | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)	5 years 6 months	5 years 6 months
InvenTrust Pays Fixed Rate of	3.69%	1.47%
Fixed Rate Achieved	4.99%	2.77%
Notional Amount	$ 100,000,000	$ 50,000,000
Interest Rate Swap Two | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)	5 years	5 years 6 months
InvenTrust Pays Fixed Rate of	1.51%	1.46%
Fixed Rate Achieved	2.81%	2.76%
Notional Amount	$ 100,000,000	$ 50,000,000
Interest Rate Swap Three | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)	5 years	5 years 6 months
InvenTrust Pays Fixed Rate of	1.51%	3.69%
Fixed Rate Achieved	2.81%	4.99%
Notional Amount	$ 100,000,000	$ 100,000,000
Interest Rate Swap Four | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)	5 years 6 months	5 years
InvenTrust Pays Fixed Rate of	1.54%	1.51%
Fixed Rate Achieved	2.84%	2.81%
Notional Amount	$ 50,000,000	$ 100,000,000
Interest Rate Swap Five | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)	5 years 6 months	5 years
InvenTrust Pays Fixed Rate of	1.48%	1.51%
Fixed Rate Achieved	2.78%	2.81%
Notional Amount	$ 50,000,000	$ 100,000,000
Interest Rate Forward Swap Agreement
Derivative [Line Items]
Number of derivatives held | interest_rate_forward_swap		2
Interest Rate Forward Swap Agreement | Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount		$ 100,000,000
Interest Rate Forward Swap One | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)		5 years 6 months
InvenTrust Pays Fixed Rate of		1.48%
Fixed Rate Achieved		2.78%
Notional Amount		$ 50,000,000
Interest Rate Forward Swap Two | Designated as Hedging Instrument
Derivative [Line Items]
Debt instrument, term (in years)		5 years 6 months
InvenTrust Pays Fixed Rate of		1.54%
Fixed Rate Achieved		2.84%
Notional Amount		$ 50,000,000

Debt - Schedule of Effect of De

Debt - Schedule of Effect of Derivative Financial Instruments (Details) - Interest Rate Swap - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Location and amount of gain recognized in accumulated comprehensive income	$ 9,019	$ 6,228	$ 32,052
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)	12,667	14,875	1,009
Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded	$ 37,100	$ 38,138	$ 26,777

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Recurring Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Deferred amounts in accumulated comprehensive income (loss) that will be reclassified into earnings	$ 8,083
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 (c)
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
Derivative interest rate swaps	14,426	18,074
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)		12 Months Ended
	Oct. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) property	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of real estate assets		$ 3,854,000	$ 0	$ 0
Number of impaired retail properties | property		1
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of real estate assets		$ 3,854,000
Property sold	$ 57,800,000
Loss on sale of property	$ 614,000
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring and nonrecurring fair value measurements		0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring and nonrecurring fair value measurements		$ 0	0
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recurring and nonrecurring fair value measurements			$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Financial Instruments Not Measure at Fair Value (Details) $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount	$ 743,380	$ 818,548
Mortgages Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount	$ 93,380	$ 168,548
Mortgages Payable | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0664	0.0686
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount	$ 250,000	$ 250,000
Senior Notes | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0623	0.0631
Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount	$ 400,000	$ 400,000
Term Loans | Market Interest Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement input (percent)	0.0529	0.0510
Carrying Value | Mortgages Payable
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	$ 93,380	$ 168,548
Carrying Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	250,000	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	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	87,576	161,320
Estimated  Fair Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	236,480	233,635
Estimated  Fair Value | Term Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fair value disclosure	400,170	399,539
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 - Schedule of Reconciliation of Amounts Used in Calculating Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net income	$ 13,658	$ 5,269	$ 52,233
Denominator:
Weighted-average common shares outstanding, basic (in shares)	70,394,448	67,531,898	67,406,233
Dilutive effect of unvested restricted shares (in shares)	616,120	281,282	119,702
Weighted-average common shares outstanding, diluted (in shares)	71,010,568	67,813,180	67,525,935
Basic and diluted earnings per common share:
Net income per common share - basic (in dollars per share)	$ 0.19	$ 0.08	$ 0.77
Net income per common share - diluted (in dollars per share)	$ 0.19	$ 0.08	$ 0.77

Earnings Per Share and Equity_4

Earnings Per Share and Equity Transactions - Narrative (Details) - USD ($)		3 Months Ended		12 Months Ended
	Sep. 25, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 07, 2022	Feb. 23, 2022
Class of Stock [Line Items]
Commissions				$ 12,078,000	$ 341,000	$ 0
Stock repurchase program, authorized amount								$ 150,000,000
Repurchase of common stock (in shares)				0
ATM Program
Class of Stock [Line Items]
Maximum aggregate consideration under equity offering program							$ 250,000,000
Net proceeds under the ATM program		$ 7,866,000	$ 5,437,000
Commissions		$ 99,000	$ 68,000
Number of shares issued (in shares)		254,082	208,040
Weighted average price (in dollars per share)		$ 30.96	$ 26.13	$ 30.96	$ 26.13
Remaining stock available for sale (in shares)		236,700,000		236,700,000
Net Proceeds		$ 7,767,000	$ 5,369,000
Public Stock Offering
Class of Stock [Line Items]
Commissions	$ 10,300,000
Number of shares issued (in shares)	9,200,000
Weighted average price (in dollars per share)	$ 28
Net Proceeds	$ 247,300,000
Over-Allotment Option
Class of Stock [Line Items]
Number of shares issued (in shares)	1,200,000

Earnings Per Share and Equity_5

Earnings Per Share and Equity Transactions - Schedule of Activity Under ATM Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class of Stock [Line Items]
Commissions			$ 12,078	$ 341	$ 0
ATM Program
Class of Stock [Line Items]
Number of shares issued (in shares)	254,082	208,040
Weighted average price (in dollars per share)	$ 30.96	$ 26.13	$ 30.96	$ 26.13
Gross Proceeds	$ 7,866	$ 5,437
Commissions	99	68
Net Proceeds	$ 7,767	$ 5,369

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - shares		12 Months Ended
	May 07, 2024	Dec. 31, 2024
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)		3,274,365
2015 Incentive Award Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares authorized (in shares)	2,750,000
Number of shares authorized (in shares)	5,750,000
Number of shares available for grant (in shares)		2,854,824
Performance period (in years)		3 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Significant Assumptions Used in the Monte Carlo simulation Models (Details) - 2015 Incentive Award Plan - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	31%	34%	33.89%
Risk free interest rate	4.42%	4.45%
Risk-free interest rate - minimum			0.79%
Risk-free interest rate - maximum			1.76%
Dividend Yield	3.40%	3.20%	3.24%

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Restricted Stock Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock Units (RSUs)
Weighted Average Grant Date Price Per Share
Outstanding as beginning (in dollars per share)	$ 19.36	$ 23.35	$ 30.12
Shares granted (in dollars per share)	19.78	18.40	18.97
Shares vested (in dollars per share)	26.33	29.50	29.36
Unearned performance shares (in dollars per share)	28.90	31.40	31.40
Shares forfeited (in dollars per share)	17.41	19.51	23.42
Outstanding as ending (in dollars per share)	$ 17.71	$ 19.36	$ 23.35
Unvested Time- 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)	147,592	123,427	138,235
Shares granted (in shares)	197,884	152,393	127,862
Shares vested (in shares)	(155,511)	(126,885)	(135,491)
Unearned performance shares (in shares)	0	0	0
Shares forfeited (in shares)	(2,190)	(1,343)	(7,179)
Outstanding as ending (in shares)	187,775	147,592	123,427
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)	1,024,771	712,051	471,368
Shares granted (in shares)	335,936	445,828	396,338
Shares vested (in shares)	(113,954)	(60,042)	(76,520)
Unearned performance shares (in shares)	(82,665)	(69,803)	(61,102)
Shares forfeited (in shares)	(17,360)	(3,263)	(18,033)
Outstanding as ending (in shares)	1,146,728	1,024,771	712,051

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Activity Under the ESPP (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance proceeds	$ 280	$ 235	$ 0
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased (in shares)	13,907	11,728
Issuance price (in dollars per share)	$ 20.14	$ 20.07
Issuance proceeds	$ 280	$ 235

Stock-Based Compensation - Sc_4

Stock-Based Compensation - Schedule of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	$ 9,896	$ 9,021	$ 6,541
Incentive Award Plan, Net
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	9,759	8,953	6,541
Compensation cost not yet recognized	10,225
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, net	137	$ 68	$ 0
Compensation cost not yet recognized	$ 76

Segment Information - Narrative

Segment Information - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting [Abstract]
Capital investments and leasing costs	$ 36,116	$ 35,744	$ 33,183
Accrual for capital investments and leasing costs	$ 3,620	$ 2,562

Segment Information - Schedule

Segment Information - Schedule of Reconciliation of Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net income	$ 13,658	$ 5,269	$ 52,233
Other income and expense, net	(3,755)	(5,480)	(2,030)
Equity in (losses) earnings of unconsolidated entities	0	557	(3,663)
Interest expense, net	37,100	38,138	26,777
Loss on extinguishment of debt	0	15	181
Gain on sale of investment properties, net	(3,857)	(2,691)	(38,249)
Impairment of real estate assets	3,854	0	0
Depreciation and amortization	113,948	113,430	94,952
General and administrative	33,172	31,797	33,342
Reportable Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net income	13,658	5,269	52,233
Other income and expense, net	(3,755)	(5,480)	(2,030)
Equity in (losses) earnings of unconsolidated entities	0	557	(3,663)
Interest expense, net	37,100	38,138	26,777
Loss on extinguishment of debt	0	15	181
Gain on sale of investment properties, net	(3,857)	(2,691)	(38,249)
Impairment of real estate assets	3,854	0	0
Depreciation and amortization	113,948	113,430	94,952
General and administrative	33,172	31,797	33,342
Other fee income	0	(80)	(2,566)
Adjustments to NOI	(7,548)	(7,528)	(9,743)
NOI	$ 186,572	$ 173,427	$ 151,234

Segment Information - Schedul_2

Segment Information - Schedule of Disaggregation of Property Operating Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Property operating expenses	$ 43,413	$ 42,832	$ 40,239
Reportable Segment
Segment Reporting Information [Line Items]
Repairs and maintenance	13,366	14,270	15,120
Payroll, benefits, and office	10,510	10,690	8,336
Utilities and waste removal	9,462	8,747	7,760
Property insurance	6,668	5,552	4,168
Security, legal, and other expenses	3,387	3,573	4,855
Lease termination expense	20	0	0
Property operating expenses	$ 43,413	$ 42,832	$ 40,239

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - Captive Insurance Company - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Liability for Claims and Claims Adjustment Expense [Line Items]
Captive incurred estimated claims	$ 881	$ 0
Claims paid	$ 61

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Operating Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Operating lease ROU assets	$ 3,012	$ 3,220
Operating lease ROU accumulated amortization	(1,163)	(967)
Operating lease liabilities	$ 2,528	$ 3,023
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	5 years 2 months 12 days	6 years
Weighted-average discount rate	4.49%	4.47%

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Minimum lease payments	$ 559	$ 570
Variable lease payments	300	298
Short-term lease payments	200	114
Total lease cost	$ 1,059	$ 982

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Future Minimum Lease Payments
2025	$ 511
2026	517
2027	529
2028	522
2029	493
Thereafter	293
Total expected minimum lease obligation	2,865
Less: Amount representing interest	(337)
Present value of net minimum lease payments	$ 2,528	$ 3,023

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, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate and Accumulated Depreciation [Line Items]
Initial cost of land	$ 704,054
Initial cost of buildings and improvements	1,994,509
Adjustments to land basis	8,773
Adjustment to basis	131,534
Gross amount of land and improvements	712,827
Gross amount of buildings and improvements	2,126,043
Total gross amount	2,838,870	$ 2,656,674	$ 2,481,662	$ 2,273,103
Accumulated depreciation	511,969	$ 461,352	$ 389,361	$ 350,256
Retail
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	93,380
Initial cost of land	704,054
Initial cost of buildings and improvements	1,994,509
Adjustments to land basis	8,773
Adjustment to basis	121,583
Gross amount of land and improvements	712,827
Gross amount of buildings and improvements	2,116,092
Total gross amount	2,828,919
Accumulated depreciation	511,969
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	(528)
Gross amount of land and improvements	5,327
Gross amount of buildings and improvements	13,805
Total gross amount	19,132
Accumulated depreciation	3,157
Retail | Bay Colony Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	8,287
Initial cost of buildings and improvements	41,714
Adjustments to land basis	0
Adjustment to basis	2,424
Gross amount of land and improvements	8,287
Gross amount of buildings and improvements	44,138
Total gross amount	52,425
Accumulated depreciation	3,899
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	112
Gross amount of land and improvements	1,687
Gross amount of buildings and improvements	9,395
Total gross amount	11,082
Accumulated depreciation	1,072
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	(799)
Gross amount of land and improvements	3,523
Gross amount of buildings and improvements	11,585
Total gross amount	15,108
Accumulated depreciation	5,922
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	807
Gross amount of land and improvements	1,983
Gross amount of buildings and improvements	7,900
Total gross amount	9,883
Accumulated depreciation	3,910
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	(40)
Gross amount of land and improvements	10,265
Gross amount of buildings and improvements	6,116
Total gross amount	16,381
Accumulated depreciation	842
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	949
Gross amount of land and improvements	7,565
Gross amount of buildings and improvements	28,053
Total gross amount	35,618
Accumulated depreciation	13,558
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	1,239
Gross amount of land and improvements	26,983
Gross amount of buildings and improvements	44,684
Total gross amount	71,667
Accumulated depreciation	12,612
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	110
Gross amount of land and improvements	5,555
Gross amount of buildings and improvements	17,390
Total gross amount	22,945
Accumulated depreciation	4,743
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	3,648
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	(417)
Gross amount of land and improvements	1,143
Gross amount of buildings and improvements	4,173
Total gross amount	5,316
Accumulated depreciation	2,352
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	1,433
Gross amount of land and improvements	4,750
Gross amount of buildings and improvements	13,678
Total gross amount	18,428
Accumulated depreciation	7,349
Retail | Cyfair Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	16,184
Initial cost of buildings and improvements	48,566
Adjustments to land basis	0
Adjustment to basis	828
Gross amount of land and improvements	16,184
Gross amount of buildings and improvements	49,394
Total gross amount	65,578
Accumulated depreciation	4,339
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	337
Gross amount of land and improvements	2,327
Gross amount of buildings and improvements	14,658
Total gross amount	16,985
Accumulated depreciation	1,444
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	801
Gross amount of land and improvements	15,732
Gross amount of buildings and improvements	50,112
Total gross amount	65,844
Accumulated depreciation	9,441
Retail | Eldridge Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	3,200
Initial cost of buildings and improvements	16,687
Adjustments to land basis	1,761
Adjustment to basis	5,867
Gross amount of land and improvements	4,961
Gross amount of buildings and improvements	22,554
Total gross amount	27,515
Accumulated depreciation	10,606
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	291
Gross amount of land and improvements	19,641
Gross amount of buildings and improvements	52,054
Total gross amount	71,695
Accumulated depreciation	6,001
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	609
Gross amount of land and improvements	6,456
Gross amount of buildings and improvements	17,131
Total gross amount	23,587
Accumulated depreciation	8,453
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	4,983
Gross amount of land and improvements	13,600
Gross amount of buildings and improvements	9,975
Total gross amount	23,575
Accumulated depreciation	3,946
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	453
Gross amount of land and improvements	12,587
Gross amount of buildings and improvements	52,313
Total gross amount	64,900
Accumulated depreciation	12,083
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	681
Gross amount of land and improvements	6,787
Gross amount of buildings and improvements	48,901
Total gross amount	55,688
Accumulated depreciation	12,358
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	8,489
Retail | Market at Mill Creek Mount Pleasant, SC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	2,435
Initial cost of buildings and improvements	20,324
Adjustments to land basis	0
Adjustment to basis	12
Gross amount of land and improvements	2,435
Gross amount of buildings and improvements	20,336
Total gross amount	22,771
Accumulated depreciation	0
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	3,605
Retail | Moores Mill Atlanta, GA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,180
Initial cost of buildings and improvements	17,653
Adjustments to land basis	0
Adjustment to basis	10
Gross amount of land and improvements	5,180
Gross amount of buildings and improvements	17,663
Total gross amount	22,843
Accumulated depreciation	495
Retail | Nexton Square Summerville, SC
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	9,531
Initial cost of buildings and improvements	41,546
Adjustments to land basis	0
Adjustment to basis	21
Gross amount of land and improvements	9,531
Gross amount of buildings and improvements	41,567
Total gross amount	51,098
Accumulated depreciation	0
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	905
Gross amount of land and improvements	7,591
Gross amount of buildings and improvements	22,208
Total gross amount	29,799
Accumulated depreciation	6,415
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	472
Gross amount of land and improvements	12,545
Gross amount of buildings and improvements	9,374
Total gross amount	21,919
Accumulated depreciation	2,967
Retail | Pavilion at La Quinta La Quinta, 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	1,217
Gross amount of land and improvements	15,200
Gross amount of buildings and improvements	22,164
Total gross amount	37,364
Accumulated depreciation	11,123
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	10,674
Gross amount of land and improvements	5,900
Gross amount of buildings and improvements	17,176
Total gross amount	23,076
Accumulated depreciation	4,183
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	1,293
Gross amount of land and improvements	10,414
Gross amount of buildings and improvements	77,023
Total gross amount	87,437
Accumulated depreciation	17,072
Retail | Plantation Grove & Maguire Grove Ocoee, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,791
Initial cost of buildings and improvements	19,037
Adjustments to land basis	0
Adjustment to basis	1,058
Gross amount of land and improvements	5,791
Gross amount of buildings and improvements	20,095
Total gross amount	25,886
Accumulated depreciation	3,126
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	1,219
Gross amount of land and improvements	5,295
Gross amount of buildings and improvements	25,165
Total gross amount	30,460
Accumulated depreciation	6,010
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	538
Gross amount of land and improvements	22,055
Gross amount of buildings and improvements	22,678
Total gross amount	44,733
Accumulated depreciation	3,540
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	6,530
Gross amount of land and improvements	26,713
Gross amount of buildings and improvements	102,671
Total gross amount	129,384
Accumulated depreciation	32,996
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	1,991
Gross amount of land and improvements	5,847
Gross amount of buildings and improvements	28,894
Total gross amount	34,741
Accumulated depreciation	9,109
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	3,228
Gross amount of land and improvements	24,598
Gross amount of buildings and improvements	91,646
Total gross amount	116,244
Accumulated depreciation	22,416
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	5,939
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	366
Gross amount of land and improvements	5,931
Gross amount of buildings and improvements	24,288
Total gross amount	30,219
Accumulated depreciation	7,228
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	117
Gross amount of land and improvements	1,443
Gross amount of buildings and improvements	5,747
Total gross amount	7,190
Accumulated depreciation	2,831
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	4,600
Gross amount of land and improvements	13,016
Gross amount of buildings and improvements	31,870
Total gross amount	44,886
Accumulated depreciation	6,151
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	12,532
Gross amount of land and improvements	12,000
Gross amount of buildings and improvements	38,355
Total gross amount	50,355
Accumulated depreciation	15,101
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	2,923
Gross amount of land and improvements	7,524
Gross amount of buildings and improvements	7,915
Total gross amount	15,439
Accumulated depreciation	3,453
Retail | Scottsdale North Marketplace Scottsdale, AZ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,505
Initial cost of buildings and improvements	14,683
Adjustments to land basis	0
Adjustment to basis	124
Gross amount of land and improvements	6,505
Gross amount of buildings and improvements	14,807
Total gross amount	21,312
Accumulated depreciation	310
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	169
Gross amount of land and improvements	28,233
Gross amount of buildings and improvements	76,938
Total gross amount	105,171
Accumulated depreciation	9,112
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	1,188
Gross amount of land and improvements	7,299
Gross amount of buildings and improvements	26,421
Total gross amount	33,720
Accumulated depreciation	5,053
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	4,437
Gross amount of land and improvements	51,507
Gross amount of buildings and improvements	80,088
Total gross amount	131,595
Accumulated depreciation	24,981
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	803
Gross amount of land and improvements	4,969
Gross amount of buildings and improvements	15,898
Total gross amount	20,867
Accumulated depreciation	5,012
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	2,716
Gross amount of land and improvements	36,990
Gross amount of buildings and improvements	52,559
Total gross amount	89,549
Accumulated depreciation	11,011
Retail | Stables Town Center Houston, TX
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	5,899
Initial cost of buildings and improvements	20,439
Adjustments to land basis	0
Adjustment to basis	73
Gross amount of land and improvements	5,899
Gross amount of buildings and improvements	20,512
Total gross amount	26,411
Accumulated depreciation	1,844
Retail | Stonehenge Village Midlothian, VA
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	10,534
Initial cost of buildings and improvements	44,971
Adjustments to land basis	0
Adjustment to basis	14
Gross amount of land and improvements	10,534
Gross amount of buildings and improvements	44,985
Total gross amount	55,519
Accumulated depreciation	568
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	(5,427)
Gross amount of land and improvements	8,935
Gross amount of buildings and improvements	33,327
Total gross amount	42,262
Accumulated depreciation	2,995
Retail | Suncrest Village Orlando, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	6,742
Initial cost of buildings and improvements	6,403
Adjustments to land basis	0
Adjustment to basis	11,338
Gross amount of land and improvements	6,742
Gross amount of buildings and improvements	17,741
Total gross amount	24,483
Accumulated depreciation	3,128
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	2,367
Gross amount of land and improvements	12,500
Gross amount of buildings and improvements	33,632
Total gross amount	46,132
Accumulated depreciation	18,059
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	1,899
Gross amount of land and improvements	2,250
Gross amount of buildings and improvements	12,990
Total gross amount	15,240
Accumulated depreciation	6,558
Retail | The Forum Fort Myers, FL
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	0
Initial cost of land	9,939
Initial cost of buildings and improvements	21,943
Adjustments to land basis	0
Adjustment to basis	58
Gross amount of land and improvements	9,939
Gross amount of buildings and improvements	22,001
Total gross amount	31,940
Accumulated depreciation	87
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	(160)
Gross amount of land and improvements	6,330
Gross amount of buildings and improvements	24,214
Total gross amount	30,544
Accumulated depreciation	2,967
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	1,550
Gross amount of land and improvements	9,271
Gross amount of buildings and improvements	84,628
Total gross amount	93,899
Accumulated depreciation	22,432
Retail | The Plant Chandler, AZ
Real Estate and Accumulated Depreciation [Line Items]
Encumbrance	13,000
Initial cost of land	3,864
Initial cost of buildings and improvements	21,423
Adjustments to land basis	0
Adjustment to basis	8
Gross amount of land and improvements	3,864
Gross amount of buildings and improvements	21,431
Total gross amount	25,295
Accumulated depreciation	812
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	1,896
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	61
Gross amount of land and improvements	6,232
Gross amount of buildings and improvements	12,964
Total gross amount	19,196
Accumulated depreciation	864
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	1,160
Gross amount of land and improvements	19,998
Gross amount of buildings and improvements	30,936
Total gross amount	50,934
Accumulated depreciation	8,691
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	1,028
Gross amount of land and improvements	1,622
Gross amount of buildings and improvements	9,350
Total gross amount	10,972
Accumulated depreciation	4,500
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	729
Gross amount of land and improvements	8,964
Gross amount of buildings and improvements	40,565
Total gross amount	49,529
Accumulated depreciation	7,302
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	8,748
Gross amount of land and improvements	7,080
Gross amount of buildings and improvements	34,074
Total gross amount	41,154
Accumulated depreciation	18,291
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	7,533
Gross amount of land and improvements	28,267
Gross amount of buildings and improvements	131,552
Total gross amount	159,819
Accumulated depreciation	36,026
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	6,339
Gross amount of land and improvements	7,458
Gross amount of buildings and improvements	30,503
Total gross amount	37,961
Accumulated depreciation	9,130
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	4,750
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	3,733
Gross amount of land and improvements	0
Gross amount of buildings and improvements	3,733
Total gross amount	3,733
Accumulated depreciation	1,606
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	9,951
Gross amount of land and improvements	0
Gross amount of buildings and improvements	9,951
Total gross amount	9,951
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, 2024	Dec. 31, 2023	Dec. 31, 2022
Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost of real estate owned	$ 3,227,994
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at beginning of period	2,656,674	$ 2,481,662	$ 2,273,103
Acquisitions and capital improvements	277,912	191,666	307,177
Disposals, impairment, and write-offs of assets no longer in service	(95,716)	(16,654)	(98,618)
Balance at end of period	2,838,870	2,656,674	2,481,662
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at beginning of period	461,352	389,361	350,256
Depreciation expense	82,603	78,560	71,428
Disposal, impairment, and write-offs of assets no longer in service	(31,986)	(6,569)	(32,323)
Balance at end of period	$ 511,969	$ 461,352	$ 389,361
Buildings and other improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation (in years)	15 years
Buildings and other improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation (in years)	30 years
Furniture, fixtures and equipment | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation (in years)	3 years
Furniture, fixtures and equipment | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated lives used to compute depreciation (in years)	20 years