Kite Realty Group Trust 10-K 21 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 15, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-33268
Entity Registrant Name	KITE REALTY GROUP TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Shares, $0.01 par value per share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 3.8
Entity Common Stock, Shares Outstanding		219,184,527
Documents Incorporated by Reference	Portions of the definitive Proxy Statement related to the Registrant’s Annual Meeting of Shareholders, scheduled to be held on May 10, 2023, to be filed with the Securities and Exchange Commission, are incorporated by reference into Part III, Items 10–14 of this Annual Report on Form 10-K as indicated herein.
Entity Central Index Key	0001286043
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Kite Realty Group, L.P.
Entity Information [Line Items]
Entity File Number	333-202666-01
Entity Registrant Name	KITE REALTY GROUP, L.P.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1453863
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001636315
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Item]
Auditor Firm ID	238
Auditor Name	KPMG LLP
Auditor Location	Indianapolis, Indiana
Kite Realty Group, L.P.
Auditor [Line Item]
Auditor Firm ID	238
Auditor Name	KPMG LLP
Auditor Location	Indianapolis, Indiana

Consolidated Balance Sheets - K

Consolidated Balance Sheets - KRG Trust - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Investment properties, at cost:	$ 7,732,573	$ 7,592,348
Less: accumulated depreciation	(1,161,148)	(884,809)
Net investment properties	6,571,425	6,707,539
Cash and cash equivalents	115,799	93,241
Tenant and other receivables, including accrued straight-line rent of $44,460 and $28,071, respectively	101,301	68,444
Restricted cash and escrow deposits	6,171	7,122
Deferred costs, net	409,828	541,518
Short-term deposits	0	125,000
Prepaid and other assets	127,044	84,826
Investments in unconsolidated subsidiaries	10,414	11,885
Total assets	7,341,982	7,639,575
Liabilities:
Mortgage and other indebtedness, net	3,010,299	3,150,808
Accounts payable and accrued expenses	207,792	184,982
Deferred revenue and other liabilities	298,039	321,419
Total liabilities	3,516,130	3,657,209
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	53,967	55,173
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,185,658 and 218,949,569 shares issued and outstanding at December 31, 2022 and 2021, respectively	2,192	2,189
Additional paid-in capital	4,897,736	4,898,673
Accumulated other comprehensive income (loss)	74,344	(15,902)
Accumulated deficit	(1,207,757)	(962,913)
Total shareholders’ equity/Partners’ equity	3,766,515	3,922,047
Noncontrolling interests	5,370	5,146
Total equity	3,771,885	3,927,193
Total liabilities and equity	$ 7,341,982	$ 7,639,575

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - KRG Trust - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accrued straight-line rent	$ 44,460	$ 28,071
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, shares authorized (in shares)	490,000,000	490,000,000
Common shares, shares issued (in shares)	219,185,658	218,949,569
Common shares, shares outstanding (in shares)	219,185,658	218,949,569

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Rental income	$ 782,349	$ 367,399	$ 257,670
Total revenue	801,996	373,324	266,645
Expenses:
Property operating	107,217	55,561	41,012
Real estate taxes	104,589	49,530	35,867
General, administrative and other	54,860	33,984	30,840
Merger and acquisition costs	925	86,522	0
Depreciation and amortization	469,805	200,460	128,648
Total expenses	737,396	426,057	236,367
Gain on sales of operating properties, net	27,069	31,209	4,733
Operating income (loss)	91,669	(21,524)	35,011
Interest expense	(104,276)	(60,447)	(50,399)
Income tax (expense) benefit of taxable REIT subsidiary	(43)	310	696
Equity in earnings (loss) of unconsolidated subsidiaries	256	(416)	(1,685)
Other income, net	240	355	254
Net loss	(12,154)	(81,722)	(16,123)
Net (income) loss attributable to noncontrolling interests	(482)	916	(100)
Net (loss) income attributable to common shareholders/unitholders	$ (12,636)	$ (80,806)	$ (16,223)
Net loss per common share
Net loss per common share – basic (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Net loss per common share – diluted (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Weighted average common shares outstanding - basic (in shares)	219,074,448	110,637,562	84,142,261
Weighted average common shares outstanding - diluted (in shares)	219,074,448	110,637,562	84,142,261
Net loss	$ (12,154)	$ (81,722)	$ (16,123)
Change in fair value of derivatives	91,271	15,670	(14,969)
Total comprehensive income (loss)	79,117	(66,052)	(31,092)
Comprehensive (income) loss attributable to noncontrolling interests	(1,507)	229	367
Comprehensive income (loss) attributable to the Company/common unitholders	77,610	(65,823)	(30,725)
Other property-related revenue
Revenue:
Other revenue	11,108	4,683	8,597
Fee income
Revenue:
Other revenue	$ 8,539	$ 1,242	$ 378

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - KRG Trust - USD ($) $ in Thousands	Total	Common shares	Additional paid-in capital	Accumulated other comprehensive (loss) income	Accumulated deficit
Balance at beginning of period (in shares) at Dec. 31, 2019		83,963,369
Balance at beginning of period at Dec. 31, 2019	$ 1,289,038	$ 840	$ 2,074,436	$ (16,283)	$ (769,955)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		206,591
Stock compensation activity	5,485	$ 2	5,483
Other comprehensive income (loss)	(14,602)			(14,602)
Distributions to common shareholders	(38,128)				(38,128)
Net loss attributable to common shareholders	(16,223)				(16,223)
Acquisition of partner’s noncontrolling interest	(2,500)		(2,500)
Exchange of redeemable noncontrolling interests for common shares (in shares)		18,039
Exchange of redeemable noncontrolling interests for common shares	187		187
Adjustment to redeemable noncontrolling interests	7,397		7,397
Balance at end of period (in shares) at Dec. 31, 2020		84,187,999
Balance at end of period at Dec. 31, 2020	1,230,654	$ 842	2,085,003	(30,885)	(824,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		245,333
Stock compensation activity	6,795	$ 2	6,793
Shares withheld for employee taxes (in shares)		(714,569)
Shares withheld for employee taxes	(15,038)	$ (7)	(15,031)
Issuance of common stock - Merger (in shares)		134,931,465
Issuance of common stock – Merger	2,847,369	$ 1,349	2,846,020
Other comprehensive income (loss)	14,983			14,983
Distributions to common shareholders	(57,801)				(57,801)
Net loss attributable to common shareholders	(80,806)				(80,806)
Purchase of capped calls	(9,800)		(9,800)
Exchange of redeemable noncontrolling interests for common shares (in shares)		299,341
Exchange of redeemable noncontrolling interests for common shares	4,238	$ 3	4,235
Adjustment to redeemable noncontrolling interests	$ (18,547)		(18,547)
Balance at end of period (in shares) at Dec. 31, 2021	218,949,569	218,949,569
Balance at end of period at Dec. 31, 2021	$ 3,922,047	$ 2,189	4,898,673	(15,902)	(962,913)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		151,089
Stock compensation activity	9,546	$ 2	9,544
Other comprehensive income (loss)	90,246			90,246
Distributions to common shareholders	(232,208)				(232,208)
Net loss attributable to common shareholders	(12,636)				(12,636)
Acquisition of partner’s noncontrolling interest	416		416
Exchange of redeemable noncontrolling interests for common shares (in shares)		85,000
Exchange of redeemable noncontrolling interests for common shares	1,670	$ 1	1,669
Adjustment to redeemable noncontrolling interests	$ (12,566)		(12,566)
Balance at end of period (in shares) at Dec. 31, 2022	219,185,658	219,185,658
Balance at end of period at Dec. 31, 2022	$ 3,766,515	$ 2,192	$ 4,897,736	$ 74,344	$ (1,207,757)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (12,154)	$ (81,722)	$ (16,123)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	472,969	203,142	130,783
Gain on sales of operating properties, net	(27,069)	(31,209)	(4,733)
Straight-line rent	(16,632)	(5,391)	3,131
Compensation expense for equity awards	10,280	6,697	5,998
Amortization of debt fair value adjustments	(13,521)	(2,993)	(444)
Amortization of in-place lease assets and liabilities	(4,821)	(2,611)	(3,822)
Changes in assets and liabilities:
Tenant receivables	(16,763)	(3,102)	(3,062)
Deferred costs and other assets	7,522	6,857	(7,618)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(20,528)	10,683	(8,595)
Net cash provided by operating activities	379,283	100,351	95,515
Cash flows from investing activities:
Cash and restricted cash acquired in the Merger	0	14,992	0
Acquisitions of interests in properties	(100,142)	(10,445)	(65,298)
Capital expenditures	(158,540)	(57,313)	(38,266)
Net proceeds from sales of land	4,716	54,157	9,134
Net proceeds from sales of operating properties	75,699	26,556	13,888
Investment in short-term deposits	125,000	(125,000)	0
Small business loan repayments	657	712
Small business loan funding			(2,199)
Change in construction payables	6,341	4,413	2,442
Distribution from unconsolidated joint venture	1,245	1,029	0
Capital contribution to unconsolidated joint venture	(125)	(134)	(541)
Net cash used in investing activities	(45,149)	(91,033)	(80,840)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	30	31	72
Repurchases of common shares upon the vesting of restricted shares	(1,535)	(15,031)	(1,336)
Purchase of capped calls	0	(9,800)	0
Debt and equity issuance costs	(5,159)	(8,141)	0
Loan proceeds	455,000	215,000	325,000
Loan payments	(568,963)	(77,591)	(302,477)
Distributions paid – common shareholders	(179,624)	(57,801)	(38,128)
Distributions paid – redeemable noncontrolling interests	(2,622)	(2,208)	(1,533)
Acquisition of partner’s interest in Killingly Commons and Pan Am Plaza joint venture	(9,654)		(2,500)
Net cash (used in) provided by financing activities	(312,527)	44,459	(20,902)
Net change in cash, cash equivalents and restricted cash	21,607	53,777	(6,227)
Cash, cash equivalents and restricted cash, beginning of year	100,363	46,586	52,813
Cash, cash equivalents and restricted cash, end of year	121,970	100,363	46,586
Supplemental disclosures
Cash paid for interest, net of capitalized interest	113,744	59,552	50,387
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	1,670	4,236	0
Net investment in sales-type lease	$ 0	$ 0	$ 4,665

Consolidated Balance Sheets -_2

Consolidated Balance Sheets - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Investment properties, at cost:	$ 7,732,573	$ 7,592,348
Less: accumulated depreciation	(1,161,148)	(884,809)
Net investment properties	6,571,425	6,707,539
Cash and cash equivalents	115,799	93,241
Tenant and other receivables, including accrued straight-line rent of $44,460 and $28,071, respectively	101,301	68,444
Restricted cash and escrow deposits	6,171	7,122
Deferred costs, net	409,828	541,518
Short-term deposits	0	125,000
Prepaid and other assets	127,044	84,826
Investments in unconsolidated subsidiaries	10,414	11,885
Total assets	7,341,982	7,639,575
Liabilities:
Mortgage and other indebtedness, net	3,010,299	3,150,808
Accounts payable and accrued expenses	207,792	184,982
Deferred revenue and other liabilities	298,039	321,419
Total liabilities	3,516,130	3,657,209
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	53,967	55,173
Partners’ Equity:
Common equity, 219,185,658 and 218,949,569 units issued and outstanding at December 31, 2022 and 2021, respectively	2,192	2,189
Accumulated other comprehensive income (loss)	74,344	(15,902)
Total shareholders’ equity/Partners’ equity	3,766,515	3,922,047
Noncontrolling interests	5,370	5,146
Total equity	3,771,885	3,927,193
Total liabilities and equity	7,341,982	7,639,575
Kite Realty Group, L.P.
Assets:
Investment properties, at cost:	7,732,573	7,592,348
Less: accumulated depreciation	(1,161,148)	(884,809)
Net investment properties	6,571,425	6,707,539
Cash and cash equivalents	115,799	93,241
Tenant and other receivables, including accrued straight-line rent of $44,460 and $28,071, respectively	101,301	68,444
Restricted cash and escrow deposits	6,171	7,122
Deferred costs, net	409,828	541,518
Short-term deposits	0	125,000
Prepaid and other assets	127,044	84,826
Investments in unconsolidated subsidiaries	10,414	11,885
Total assets	7,341,982	7,639,575
Liabilities:
Mortgage and other indebtedness, net	3,010,299	3,150,808
Accounts payable and accrued expenses	207,792	184,982
Deferred revenue and other liabilities	298,039	321,419
Total liabilities	3,516,130	3,657,209
Commitments and contingencies
Limited Partners’ interests in Operating Partnership and other	53,967	55,173
Partners’ Equity:
Common equity, 219,185,658 and 218,949,569 units issued and outstanding at December 31, 2022 and 2021, respectively	3,692,171	3,937,949
Accumulated other comprehensive income (loss)	74,344	(15,902)
Total shareholders’ equity/Partners’ equity	3,766,515	3,922,047
Noncontrolling interests	5,370	5,146
Total equity	3,771,885	3,927,193
Total liabilities and equity	$ 7,341,982	$ 7,639,575

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Parentheticals) - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued straight-line rent	$ 44,460	$ 28,071
Common shares, shares outstanding (in shares)	219,185,658	218,949,569
Common shares, shares issued (in shares)	219,185,658	218,949,569
Kite Realty Group, L.P.
Accrued straight-line rent	$ 44,460	$ 28,071
Common shares, shares outstanding (in shares)	219,185,658	218,949,569
Common shares, shares issued (in shares)	219,185,658	218,949,569

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue:
Rental income	$ 782,349	$ 367,399	$ 257,670
Total revenue	801,996	373,324	266,645
Expenses:
Property operating	107,217	55,561	41,012
Real estate taxes	104,589	49,530	35,867
General, administrative and other	54,860	33,984	30,840
Merger and acquisition costs	925	86,522	0
Depreciation and amortization	469,805	200,460	128,648
Total expenses	737,396	426,057	236,367
Gain on sales of operating properties, net	27,069	31,209	4,733
Operating income (loss)	91,669	(21,524)	35,011
Interest expense	(104,276)	(60,447)	(50,399)
Income tax (expense) benefit of taxable REIT subsidiary	(43)	310	696
Equity in earnings (loss) of unconsolidated subsidiaries	256	(416)	(1,685)
Other income, net	240	355	254
Net loss	(12,154)	(81,722)	(16,123)
Net income attributable to noncontrolling interests	(482)	916	(100)
Net (loss) income attributable to common shareholders/unitholders	$ (12,636)	$ (80,806)	$ (16,223)
Net loss per common share
Net loss per unit – basic (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Net loss per unit – diluted (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Weighted average units outstanding - basic (in shares)	219,074,448	110,637,562	84,142,261
Weighted average units outstanding - diluted (in shares)	219,074,448	110,637,562	84,142,261
Net loss	$ (12,154)	$ (81,722)	$ (16,123)
Change in fair value of derivatives	91,271	15,670	(14,969)
Total comprehensive income (loss)	79,117	(66,052)	(31,092)
Comprehensive (income) loss attributable to noncontrolling interests	(1,507)	229	367
Comprehensive income (loss) attributable to the Company/common unitholders	77,610	(65,823)	(30,725)
Other property-related revenue
Revenue:
Other revenue	11,108	4,683	8,597
Fee income
Revenue:
Other revenue	8,539	1,242	378
Kite Realty Group, L.P.
Revenue:
Rental income	782,349	367,399	257,670
Total revenue	801,996	373,324	266,645
Expenses:
Property operating	107,217	55,561	41,012
Real estate taxes	104,589	49,530	35,867
General, administrative and other	54,860	33,984	30,840
Merger and acquisition costs	925	86,522	0
Depreciation and amortization	469,805	200,460	128,648
Total expenses	737,396	426,057	236,367
Gain on sales of operating properties, net	27,069	31,209	4,733
Operating income (loss)	91,669	(21,524)	35,011
Interest expense	(104,276)	(60,447)	(50,399)
Income tax (expense) benefit of taxable REIT subsidiary	(43)	310	696
Equity in earnings (loss) of unconsolidated subsidiaries	256	(416)	(1,685)
Other income, net	240	355	254
Net loss	(12,154)	(81,722)	(16,123)
Net income attributable to noncontrolling interests	(623)	(514)	(528)
Net (loss) income attributable to common shareholders/unitholders	(12,777)	(82,236)	(16,651)
Allocation of net loss:
Limited Partners	(141)	(1,430)	(428)
Parent Company	$ (12,636)	$ (80,806)	$ (16,223)
Net loss per common share
Net loss per unit – basic (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Net loss per unit – diluted (in dollars per share)	$ (0.06)	$ (0.73)	$ (0.19)
Weighted average units outstanding - basic (in shares)	221,858,084	113,103,177	86,361,139
Weighted average units outstanding - diluted (in shares)	221,858,084	113,103,177	86,361,139
Net loss	$ (12,154)	$ (81,722)	$ (16,123)
Change in fair value of derivatives	91,271	15,670	(14,969)
Total comprehensive income (loss)	79,117	(66,052)	(31,092)
Comprehensive (income) loss attributable to noncontrolling interests	(623)	(514)	(528)
Comprehensive income (loss) attributable to the Company/common unitholders	78,494	(66,566)	(31,620)
Kite Realty Group, L.P. | Other property-related revenue
Revenue:
Other revenue	11,108	4,683	8,597
Kite Realty Group, L.P. | Fee income
Revenue:
Other revenue	$ 8,539	$ 1,242	$ 378

Consolidated Statements of Part

Consolidated Statements of Partner's Equity - KRG, LP - USD ($) $ in Thousands	Total	Kite Realty Group, L.P.	Kite Realty Group, L.P. General Partner Common equity	Kite Realty Group, L.P. General Partner Accumulated other comprehensive (loss) income
Partners' capital, balance at beginning of period at Dec. 31, 2019		$ 1,289,038	$ 1,305,321	$ (16,283)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		5,485	5,485
Other comprehensive loss attributable to Parent Company	$ (14,602)	(14,602)		(14,602)
Distributions to Parent Company		(38,128)	(38,128)
Net loss attributable to Parent Company	(16,223)	(16,223)	(16,223)
Acquisition of partner’s noncontrolling interest		(2,500)	(2,500)
Conversion of Limited Partner Units to shares of the Parent Company		187	187
Adjustment to redeemable noncontrolling interests		7,397	7,397
Partners' capital, balance at end of period at Dec. 31, 2020		1,230,654	1,261,539	(30,885)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		6,795	6,795
Shares withheld for employee taxes	(15,038)	(15,038)	(15,038)
Issuance of General Partner Units to the Parent Company – Merger		2,847,369	2,847,369
Other comprehensive loss attributable to Parent Company	14,983	14,983		14,983
Distributions to Parent Company		(57,801)	(57,801)
Net loss attributable to Parent Company	(80,806)	(80,806)	(80,806)
Purchase of capped calls	(9,800)	(9,800)	(9,800)
Conversion of Limited Partner Units to shares of the Parent Company		4,238	4,238
Adjustment to redeemable noncontrolling interests		(18,547)	(18,547)
Partners' capital, balance at end of period at Dec. 31, 2021		3,922,047	3,937,949	(15,902)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		9,546	9,546
Other comprehensive loss attributable to Parent Company	90,246	90,246		90,246
Distributions to Parent Company		(232,208)	(232,208)
Net loss attributable to Parent Company	$ (12,636)	(12,636)	(12,636)
Acquisition of partner’s noncontrolling interest		416	416
Conversion of Limited Partner Units to shares of the Parent Company		1,670	1,670
Adjustment to redeemable noncontrolling interests		(12,566)	(12,566)
Partners' capital, balance at end of period at Dec. 31, 2022		$ 3,766,515	$ 3,692,171	$ 74,344

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (12,154)	$ (81,722)	$ (16,123)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	472,969	203,142	130,783
Gain on sales of operating properties, net	(27,069)	(31,209)	(4,733)
Straight-line rent	(16,632)	(5,391)	3,131
Compensation expense for equity awards	10,280	6,697	5,998
Amortization of debt fair value adjustments	(13,521)	(2,993)	(444)
Amortization of in-place lease assets and liabilities	(4,821)	(2,611)	(3,822)
Changes in assets and liabilities:
Tenant receivables	(16,763)	(3,102)	(3,062)
Deferred costs and other assets	7,522	6,857	(7,618)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(20,528)	10,683	(8,595)
Net cash provided by operating activities	379,283	100,351	95,515
Cash flows from investing activities:
Cash and restricted cash acquired in the Merger	0	14,992	0
Acquisitions of interests in properties	(100,142)	(10,445)	(65,298)
Capital expenditures	(158,540)	(57,313)	(38,266)
Net proceeds from sales of land	4,716	54,157	9,134
Net proceeds from sales of operating properties	75,699	26,556	13,888
Investment in short-term deposits	125,000	(125,000)	0
Small business loan repayments	657	712
Small business loan funding			(2,199)
Change in construction payables	6,341	4,413	2,442
Distribution from unconsolidated joint venture	1,245	1,029	0
Capital contribution to unconsolidated joint venture	(125)	(134)	(541)
Net cash used in investing activities	(45,149)	(91,033)	(80,840)
Cash flows from financing activities:
Contributions from the General Partner	30	31	72
Repurchases of common shares upon the vesting of restricted shares	(1,535)	(15,031)	(1,336)
Purchase of capped calls	0	(9,800)	0
Debt and equity issuance costs	(5,159)	(8,141)	0
Loan proceeds	455,000	215,000	325,000
Loan payments	(568,963)	(77,591)	(302,477)
Distributions paid – common unitholders	(179,624)	(57,801)	(38,128)
Distributions paid – redeemable noncontrolling interests	(2,622)	(2,208)	(1,533)
Acquisition of partner’s interest in Killingly Commons and Pan Am Plaza joint venture	(9,654)		(2,500)
Net cash (used in) provided by financing activities	(312,527)	44,459	(20,902)
Net change in cash, cash equivalents and restricted cash	21,607	53,777	(6,227)
Cash, cash equivalents and restricted cash, beginning of year	100,363	46,586	52,813
Cash, cash equivalents and restricted cash, end of year	121,970	100,363	46,586
Supplemental disclosures
Cash paid for interest, net of capitalized interest	113,744	59,552	50,387
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	1,670	4,236	0
Net investment in sales-type lease	0	0	4,665
Kite Realty Group, L.P.
Cash flows from operating activities:
Net loss	(12,154)	(81,722)	(16,123)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	472,969	203,142	130,783
Gain on sales of operating properties, net	(27,069)	(31,209)	(4,733)
Straight-line rent	(16,632)	(5,391)	3,131
Compensation expense for equity awards	10,280	6,697	5,998
Amortization of debt fair value adjustments	(13,521)	(2,993)	(444)
Amortization of in-place lease assets and liabilities	(4,821)	(2,611)	(3,822)
Changes in assets and liabilities:
Tenant receivables	(16,763)	(3,102)	(3,062)
Deferred costs and other assets	7,522	6,857	(7,618)
Accounts payable, accrued expenses, deferred revenue and other liabilities	(20,528)	10,683	(8,595)
Net cash provided by operating activities	379,283	100,351	95,515
Cash flows from investing activities:
Cash and restricted cash acquired in the Merger	0	14,992	0
Acquisitions of interests in properties	(100,142)	(10,445)	(65,298)
Capital expenditures	(158,540)	(57,313)	(38,266)
Net proceeds from sales of land	4,716	54,157	9,134
Net proceeds from sales of operating properties	75,699	26,556	13,888
Investment in short-term deposits	125,000	(125,000)	0
Small business loan repayments	657	712
Small business loan funding			(2,199)
Change in construction payables	6,341	4,413	2,442
Distribution from unconsolidated joint venture	1,245	1,029	0
Capital contribution to unconsolidated joint venture	(125)	(134)	(541)
Net cash used in investing activities	(45,149)	(91,033)	(80,840)
Cash flows from financing activities:
Contributions from the General Partner	30	31	72
Repurchases of common shares upon the vesting of restricted shares	(1,535)	(15,031)	(1,336)
Purchase of capped calls	0	(9,800)	0
Debt and equity issuance costs	(5,159)	(8,141)	0
Loan proceeds	455,000	215,000	325,000
Loan payments	(568,963)	(77,591)	(302,477)
Distributions paid – common unitholders	(179,624)	(57,801)	(38,128)
Distributions paid – redeemable noncontrolling interests	(2,622)	(2,208)	(1,533)
Acquisition of partner’s interest in Killingly Commons and Pan Am Plaza joint venture	(9,654)		(2,500)
Net cash (used in) provided by financing activities	(312,527)	44,459	(20,902)
Net change in cash, cash equivalents and restricted cash	21,607	53,777	(6,227)
Cash, cash equivalents and restricted cash, beginning of year	100,363	46,586	52,813
Cash, cash equivalents and restricted cash, end of year	121,970	100,363	46,586
Supplemental disclosures
Cash paid for interest, net of capitalized interest	113,744	59,552	50,387
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	1,670	4,236	0
Net investment in sales-type lease	$ 0	$ 0	$ 4,665

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	ORGANIZATION AND BASIS OF PRESENTATION Kite Realty Group Trust (the “Parent Company”), through its majority-owned subsidiary, Kite Realty Group, L.P. (the “Operating Partnership”), owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of high-quality, open-air shopping centers and mixed-used assets that are primarily grocery-anchored and located in high-growth Sun Belt and select strategic gateway markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering (“IPO”) of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the development, acquisition, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under provisions of the Internal Revenue Code of 1986, as amended. The Parent Company is the sole general partner of the Operating Partnership, and as of December 31, 2022 owned approximately 98.7% of the common partnership interests in the Operating Partnership (“General Partner Units”). The remaining 1.3% of the common partnership interests (“Limited Partner Units” and, together with the General Partner Units, the “Common Units”) were owned by the limited partners. As the sole general partner of the Operating Partnership, the Parent Company has full, exclusive and complete responsibility and discretion in the day-to-day management and control of the Operating Partnership. The Parent Company and the Operating Partnership are operated as one enterprise. The management of the Parent Company consists of the same members as the management of the Operating Partnership. As the sole general partner with control of the Operating Partnership, the Parent Company consolidates the Operating Partnership for financial reporting purposes, and the Parent Company does not have any significant assets other than its investment in the Operating Partnership. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported period. Actual results could differ from these estimates. On October 22, 2021, we completed a merger with Retail Properties of America, Inc. (“RPAI”) in accordance with the Agreement and Plan of Merger dated July 18, 2021 (the “Merger Agreement”), by and among the Company, its wholly owned subsidiary KRG Oak, LLC (“Merger Sub”) and RPAI, pursuant to which RPAI merged with and into Merger Sub (the “Merger”). Immediately following the closing of the Merger, Merger Sub merged with and into the Operating Partnership so that all of the assets and liabilities of the Company continue to be held at or below the Operating Partnership level. The transaction value was approximately $4.7 billion, including the assumption of approximately $1.8 billion of debt. We acquired 100 operating retail properties and five development projects through the Merger along with multiple parcels of entitled land for future value creation. Pursuant to the terms of the Merger Agreement, each outstanding share of RPAI common stock converted into the right to receive 0.623 common shares of the Company plus cash in lieu of fractional Company shares. The aggregate value of the Merger consideration paid to former holders of RPAI common stock was approximately $2.8 billion, excluding the value of RPAI restricted stock units that vested at closing and certain restricted share awards assumed by the Company at closing. In connection with the Merger, the Operating Partnership issued an equivalent amount of General Partner Units to the Parent Company. As of December 31, 2022, we owned interests in 183 operating retail properties totaling approximately 28.8 million square feet and one office property with 0.3 million square feet. Of the 183 operating retail properties, 11 contain an office component. We also owned three development projects under construction as of this date. Of the 183 operating retail properties, 180 are consolidated in these financial statements and the remaining three are accounted for under the equity method.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation on buildings and improvements is computed using the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements is computed using the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is computed using the straight-line method over five The following table summarizes the composition of the Company’s investment properties as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Land, buildings and improvements $ 7,656,765 $ 7,550,988 Construction in progress 75,808 41,360 Investment properties, at cost $ 7,732,573 $ 7,592,348 Valuation of Investment Properties Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate. Assets Held for Sale Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held for sale accounting treatment as of December 31, 2022 and 2021. Acquisition of Investment Properties Upon acquisition of real estate operating properties, including those assets acquired in the Merger with RPAI, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, no tenant relationship has been developed that is considered to have a current intangible value. Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development and management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2022, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2022, these consolidated VIEs had mortgage debt of $28.3 million, which were secured by assets of the VIEs totaling $118.6 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model. As of December 31, 2022, the Company also owned investments in four unconsolidated joint ventures accounted for under the equity method as follows: Three Property Retail Portfolio Joint Venture On June 29, 2018, the Company formed a joint venture with Nuveen Real Estate, formerly known as TH Real Estate. The Company sold three properties to the joint venture valued at $99.8 million in the aggregate and, after considering third-party debt obtained by the joint venture upon formation, the Company contributed $10.0 million for a 20% noncontrolling ownership interest in the joint venture. The Company is the operating member responsible for the day-to-day management of the properties and receives property management and leasing fees. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies. Embassy Suites at Eddy Street Commons In December 2017, we formed a joint venture with an unrelated third party to develop and own an Embassy Suites full-service hotel next to Eddy Street Commons, our operating retail property at the University of Notre Dame. We contributed $1.4 million of cash to the joint venture in return for a 35% ownership interest in the joint venture. The joint venture has entered into a $33.8 million construction loan, of which $33.5 million was drawn as of December 31, 2022. The joint venture is not considered a VIE. The Company accounts for the joint venture under the equity method as both members have substantive participating rights and we do not control the activities of the venture. Glendale Multifamily Joint Venture In May 2020, the Company formed a joint venture for the planned development of a multifamily project adjacent to our Glendale Town Center operating retail property. The Company contributed land valued at $1.6 million to the joint venture and retained a 12% interest in the joint venture. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies. Buckingham Joint Venture In September 2021, the Company formed a joint venture for the planned redevelopment of The Corner (Carmel, IN) into a mixed-use, multifamily and retail project. The Company contributed land valued at $4.0 million to the joint venture and retained a 50% interest in the joint venture. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies. Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that are in excess of the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits; however, the Company attempts to limit its exposure at any one time. The following is a summary of our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2022, 2021, and 2020 (in thousands) : Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 115,799 $ 93,241 $ 43,648 Restricted cash and escrow deposits 6,171 7,122 2,938 Total cash, cash equivalents and restricted cash $ 121,970 $ 100,363 $ 46,586 Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements. Short-Term Deposits During the year ended December 31, 2022, the Company used the proceeds from a $125.0 million short-term deposit that matured on April 7, 2022 to repay borrowings on the Company’s revolving line of credit. The deposit balance was held in a custody account at Bank of New York Mellon and earned interest at a rate of the Federal Funds Rate plus 43 basis points. Interest income earned on the deposit is recorded within “Other income (expense), net” on the accompanying consolidated statements of operations and comprehensive income. Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Note 8 to the consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and 3 inputs. Note 3 to the consolidated financial statements includes a discussion of the fair values recorded for the assets acquired in the Merger with RPAI in 2021. Level 3 inputs to this transaction include our estimations of land values, net rental rates of anchor and small shop space and capitalization rates. Level 3 inputs to these transactions include our estimations of disposal values. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair value of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2022 and 2021, all of our derivative instruments qualify for hedge accounting. Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements and is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2022, 2021 and 2020. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of the outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates. We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell properties, land parcels and outlots, some of which are ground-leased to tenants. Net gains realized on such sales were $4.5 million, $0.5 million, and $5.9 million for the years ended December 31, 2022, 2021, and 2020, respectively, and are classified within “Other property-related revenue” in the accompanying consolidated statements of operations and comprehensive income. Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue-related activities. An allowance for uncollectible accounts, including future credit losses of the accrued straight-line rent receivables, is maintained for estimated losses resulting from the inability of certain tenants to meet contractual obligations under their lease agreements. Accounts are written off when, in the opinion of management, the balance is deemed uncollectible. The provision for revenues deemed uncollectible represented 0.7%, 0.9%, and 6.0% of total revenues in each of the years ended December 31, 2022, 2021 and 2020, respectively. Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue. For the year ended December 31, 2022, the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, New York, Virginia, and Indiana, was as follows: Texas 26.3 % Florida 9.9 % New York 6.9 % Virginia 6.8 % Indiana 6.4 % Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average number of common shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible. Potentially dilutive securities include (i) outstanding options to acquire common shares; (ii) Limited Partner Units, which may be exchanged for either cash or common shares at the Parent Company’s option and under certain circumstances; (iii) appreciation-only Long-Term Incentive Plan (“AO LTIP”) units; and (iv) deferred common share units, which may be credited to the personal accounts of non-employee trustees in lieu of compensation paid in cash or the issuance of common shares to such trustees. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including those amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding were 2.8 million, 2.5 million and 2.2 million for the years ended December 31, 2022, 2021 and 2020, respectively. These potentially dilutive securities are excluded from the computation of diluted earnings per share due to the net loss position for the years ended December 31, 2022, 2021, and 2020. Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker (“CODM”), which is its Chief Executive Officer, reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The CODM measures and evaluates the financial performance of our portfolio of properties using net operating income, which consists of rental income less property operating expenses and real estate taxes, and does not distinguish or group our operations on a geographical or any other basis. Accordingly, we have aggregated our properties into one reportable segment for disclosure purposes in accordance with GAAP, as each property has similar economic characteristics, the Company provides similar services to its tenants and the Company’s CODM evaluates the collective performance of our properties. Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. Additionally, for tax years beginning after December 31, 2022, we would possibly also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible one percent excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the Merger, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. Our tax return for the year ended December 31, 2022 has not been filed as of the filing date of this Annual Report on Form 10-K of the Parent Company and the Operating Partnership. The taxability information presented for our dividends paid in 2022 is based upon management’s estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2022, 2021, and 2020 is as follows: 2022 2021 2020 Ordinary income 86.1 % 0.0 % 89.3 % Return of capital 0.0 % 13.4 % 0.0 % Capital gains 13.9 % 86.6 % 10.7 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs. Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2022, 2021, and 2020 (in thousands) : 2022 2021 2020 Noncontrolling interests balance as of January 1, $ 5,146 $ 698 $ 698 Noncontrolling interests acquired in the Merger — 4,463 — Net loss (income) allocable to noncontrolling interests, excluding redeemable noncontrolling interests 224 (15) — Distributions to noncontrolling interests — — — Nonco

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS RPAI Merger On October 22, 2021, we completed a Merger with RPAI pursuant to which RPAI merged with and into Merger Sub, with the Company continuing as the surviving public company. Immediately following the closing of the Merger, Merger Sub merged with and into the Operating Partnership so that all of the assets and liabilities of the Company continue to be held at or below the Operating Partnership level. The aggregate value of the Merger consideration paid to former holders of RPAI common stock was approximately $2.8 billion, excluding the value of RPAI restricted stock units that vested at closing and certain restricted share awards assumed by the Company at closing. The total purchase price was calculated based on the closing price of the Company’s common stock on October 21, 2021, the last business day prior to the effective time of the Merger, which was $21.18 per share. At the effective time of the Merger, each share of RPAI common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 0.623 newly issued Company common shares plus cash in lieu of fractional Company shares. The number of RPAI common stock outstanding as of October 21, 2021 converted to shares of the Company’s common stock was determined as follows: RPAI common stock outstanding as of October 21, 2021 214,797,869 Exchange ratio 0.623 Company common shares issued for outstanding RPAI common stock 133,814,066 Company common shares issued for RPAI restricted stock units 1,117,399 Total Company common shares issued 134,931,465 The following table presents the purchase price and total value of equity consideration paid by the Company at the close of the Merger (in thousands except share price) : Price of Equity Total Value of Stock Consideration (1) As of October 21, 2021 $ 21.18 134,931 $ 2,847,369 (1) The total value of stock consideration is the total of the common shares issued multiplied by the closing price of the Company’s common stock on October 21, 2021 excluding the value of certain RPAI restricted stock that vested at the closing of the Merger and share awards assumed by the Company at the closing of the Merger. As a result of the Merger, the Company acquired 100 operating retail properties and five development projects under construction along with multiple parcels of entitled land for future value creation. During the years ended December 31, 2022 and 2021, the Company incurred $0.9 million and $86.5 million of merger and acquisition costs, respectively, consisting primarily of professional fees and technology costs in 2022 and fairness opinion, severance charges, and legal, professional and data migration costs in 2021, which are recorded within “Merger and acquisition costs” in the accompanying consolidated statements of operations and comprehensive income. In addition, the Company assumed approximately $1.8 billion of debt in connection with the Merger. “Rental income” and “Net loss attributable to common shareholders” in the accompanying consolidated statements of operations and comprehensive income include revenues from the RPAI portfolio of $94.9 million and net loss of $22.8 million for the period from October 22, 2021 through December 31, 2021, which includes $74.7 million of depreciation and amortization, as a result of the Merger during the year ended December 31, 2021. Purchase Price Allocation In accordance with ASC 805-10, Business Combinations , the Company accounted for the Merger as a business combination using the acquisition method of accounting. Based on the value of the common shares issued, the total fair value of the assets acquired and liabilities assumed in the Merger was $2.8 billion as of October 22, 2021, the date of the Merger. The Company used the following valuation methodologies, inputs and assumptions to estimate the fair value of the assets acquired and liabilities assumed: • Investment properties: The Company estimated the fair value of the buildings on an as-if-vacant basis using either a direct capitalization method or a discounted cash flow analysis. Comparable market data, real estate tax assessments and independent appraisals were used in estimating the fair value of the land acquired. These valuation methodologies are based on Level 2 and Level 3 inputs in the fair value hierarchy, such as estimates of future income growth, capitalization rates and cash flow projections at the respective properties. • Acquired lease intangible assets: The Company estimated the fair value of its above-market and below-market in-place leases based on the present value (using a discount rate that reflects the risk associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • In-place lease liabilities: The Company estimated the fair value of its in-place leases using independent and internal sources, which are methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • Mortgage and other indebtedness: The Company estimated the fair value of the secured and unsecured debt assumed, including related derivative instruments, using third party and independent sources for our estimates. Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining term of the loan using the interest method. This valuation methodology is based on Level 2 and Level 3 inputs in the fair value hierarchy. The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through the Merger with RPAI are as follows: Range of Assumptions Net rental rate per square foot – Anchors $4.00 to $45.00 Net rental rate per square foot – Small Shops $7.00 to $140.00 Capitalization rate 5.50% to 12.00% The following table summarizes the final purchase price allocation, including the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed (in thousands) : Purchase Price Investment properties $ 4,424,096 Acquired lease intangible assets 536,342 Cash, accounts receivable and other assets 84,632 Total assets acquired 5,045,070 Mortgage and other indebtedness, net (1,848,476) Accounts payable, other liabilities, tenant security deposits and prepaid rent (176,391) In-place lease liabilities (168,371) Noncontrolling interests (4,463) Total liabilities assumed (2,197,701) Total purchase price $ 2,847,369 The following table details the weighted average amortization periods, in years, of the purchase price allocated to real estate and related intangible assets and liabilities acquired arising from the Merger: Weighted Average Land 10.2 Building 18.8 Tenant improvements 6.7 In-place lease intangibles 5.5 Above-market leases 5.7 Below-market leases (including below-market option periods) 20.5 Fair market value of debt adjustments 6.8 Pro Forma Financial Information (unaudited) The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of operations for the years ended December 31, 2021 and 2020, adjusted to give effect for the properties assumed through the Merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods (in thousands, except per share data) . Year Ended December 31, 2021 2020 Rental income $ 740,954 $ 683,093 Net income (loss) $ 21,283 $ (109,775) Net income (loss) attributable to common shareholders $ 20,535 $ (107,341) Net income (loss) attributable to common shareholders per common share: Basic (1) $ 0.09 $ (0.49) Diluted (1) $ 0.09 $ (0.49) (1) The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred while the pro forma earnings for the year ended December 31, 2020 were adjusted to include these costs. Supplemental Schedule of Non-Cash Investing and Financing Activities Related to the Merger The following table summarizes the Merger-related non-cash investing and financing activities for the year ended December 31, 2021 (in thousands) : Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness, net $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net (1) $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) (1) Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%. Asset Acquisitions The Company closed on the following asset acquisitions during the years ended December 31, 2022, 2021 and 2020 (dollars in thousands) : Date Property Name Metropolitan Property Type Square Acquisition February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 December 22, 2021 Nora Plaza Shops Indianapolis, IN Multi-tenant 23,722 $ 13,500 December 28, 2020 Eastgate Crossing Durham-Chapel Hill, NC Multi-tenant retail 156,275 $ 65,479 The above acquisitions were funded using a combination of available cash on hand and proceeds from the Company’s unsecured revolving line of credit. The fair value of the real estate and other assets acquired were primarily determined using the income approach, which required us to make assumptions about market leasing rates, tenant-related costs, discount rates, and disposal rates. The estimates of fair value primarily relied upon Level 2 and Level 3 inputs, as previously defined. The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2022, 2021 and 2020 (in thousands) : Year Ended December 31, 2022 2021 2020 Investment properties, net $ 99,096 $ 13,488 $ 63,570 Lease-related intangible assets, net (1) 5,223 304 2,254 Other assets 11 — — Total acquired assets 104,330 13,792 65,824 Mortgage payable — 3,578 — Accounts payable and accrued expenses 1,140 100 280 Deferred revenue and other liabilities 2,855 189 246 Total assumed liabilities 3,995 3,867 526 Fair value of net assets acquired $ 100,335 $ 9,925 $ 65,298 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.7 years, 5.3 years and 3.2 years for asset acquisitions completed during the years ended December 31, 2022, 2021 and 2020, respectively. The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2022 2021 2020 Net rental rate per square foot – Anchors $20.50 to $40.00 N/A to N/A $22.50 to $27.50 Net rental rate per square foot – Small Shops $24.00 to $65.00 $31.50 to $45.00 $15.00 to $65.00 Discount rate 5.75% to 7.25% 9.0% 9.0% The results of operations for each of the properties acquired through asset acquisitions during the years ended December 31, 2022, 2021 and 2020 have been included in operations since their respective dates of acquisition.

DISPOSITIONS

DISPOSITIONS	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS	DISPOSITIONS The Company closed on the following dispositions during the years ended December 31, 2022, 2021 and 2020 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (1) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (2) — 10,000 (57) 100,016 $ 75,550 $ 27,069 October 26, 2021 Westside Market Dallas/Ft. Worth Multi-tenant retail 93,377 $ 24,775 $ 4,323 July 30, 2020 Courthouse Shadows Naples, FL Redevelopment — $ 14,000 $ 3,057 (1) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. (2) The Company sold the ground lease interest in one tenant at an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction. During the year ended December 31, 2021, the Company also sold 17 ground leases for gross proceeds of $42.0 million and a net gain on sale There were no discontinued operations for the years ended December 31, 2022, 2021 and 2020 as none of the dispositions represented a strategic shift that has had, or will have, a material effect on our operations or financial results.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Overview During the year ended December 31, 2022, the Board of Trustees adopted an amendment and restatement of the Kite Realty Group Trust 2013 Equity Incentive Plan, which became effective as of shareholder approval on May 11, 2022 (the “Equity Plan”). The Equity Plan authorizes the issuance of share options, share appreciation rights, restricted shares and units, long-term incentive plan units (“LTIP units”), “appreciation only” LTIP units (“AO LTIP units”), performance awards and other share-based awards to employees and trustees for up to an additional 3,000,000 common share equivalents of the Company. The Company accounts for its share-based compensation in accordance with the fair value recognition provisions provided in ASC 718, Stock Compensation . During the years ended December 31, 2022, 2021, and 2020, the Company recognized $10.3 million, $7.2 million, and $5.6 million of share-based compensation expense, net of amounts capitalized, respectively, which is included within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. During the years ended December 31, 2022, 2021, and 2020, the Company capitalized $1.3 million, $1.0 million, and $1.2 million of share-based compensation for development activities, respectively. The Company recognizes forfeitures as they occur. As of December 31, 2022, there were 6,372,430 shares and units available for grant under the Equity Plan. Share Options Pursuant to the Equity Plan, the Company may periodically grant options to purchase common shares at an exercise price equal to the grant date fair value of the Company’s common shares. Options granted typically vest over a five-year period and expire 10 years from the grant date. The Company issues new common shares upon the exercise of options. The following table summarizes the option activity for the year ended December 31, 2022 (dollars in thousands except share and per share data) : Options Weighted Average Aggregate Weighted Average Remaining Outstanding as of January 1, 2022 1,250 $ 20.20 Exercised (1,250) 20.20 Outstanding as of December 31, 2022 — $ — $ — 0.00 Exercisable as of December 31, 2022 — $ — $ — 0.00 Exercisable as of December 31, 2021 1,250 $ 20.20 There were no options granted during the years ended December 31, 2022, 2021 or 2020. The aggregate intrinsic value of the 1,250, 1,250 and 2,500 options exercised during the years ended December 31, 2022, 2021, and 2020 was $3,300, $6,550 and $2,000, respectively. Restricted Shares The Equity Plan authorizes the grant of restricted common shares, which are considered outstanding shares from the date of grant and typically vest over a period ranging from three The following table summarizes the restricted share activity to employees and the Board of Trustees for the year ended December 31, 2022: Number of Weighted Average Restricted shares outstanding as of January 1, 2022 323,232 $ 18.27 Shares granted 206,855 21.15 Shares forfeited (17,674) 21.07 Shares vested (211,580) 18.38 Restricted shares outstanding as of December 31, 2022 300,833 $ 19.98 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2022, 2021, and 2020 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2022 206,855 $ 21.15 $ 4,459 2021 194,411 $ 19.85 $ 3,763 2020 211,476 $ 13.21 $ 2,727 As of December 31, 2022, there was $3.4 million of total unrecognized compensation expense related to restricted shares, which is expected to be recognized over a weighted average period of 0.97 years. We expect to incur $2.1 million of this expense in 2023, $1.1 million in 2024, and the remainder in 2025. Restricted Units Time-based restricted unit awards were granted on a discretionary basis to the Company’s named executive officers in 2022, 2021 and 2020 based on a review of the prior year’s performance. The following table summarizes the activity for the restricted unit awards for the year ended December 31, 2022: Number of Weighted Average Restricted units outstanding as of January 1, 2022 414,441 $ 13.24 Restricted units granted 138,505 17.07 Restricted units vested (145,808) 13.60 Restricted units outstanding at December 31, 2022 407,138 $ 14.41 The following table summarizes the restricted unit grants and vestings during the years ended December 31, 2022, 2021, and 2020 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2022 138,505 $ 17.07 $ 3,173 2021 72,689 $ 14.26 $ 2,956 2020 431,913 $ 13.10 $ 1,784 As of December 31, 2022, there was $4.5 million of total unrecognized compensation expense related to restricted units, which is expected to be recognized over a weighted average period of 1.4 years. We expect to incur $2.0 million of this expense in 2023, $1.6 million in 2024, and the remainder in 2025. AO LTIP Units During the years ended December 31, 2020 and 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Equity Plan. Number of Participation Threshold Executive 2020 Awards 2021 Awards 2020 Awards 2021 Awards John A. Kite 1,729,729 477,612 $ 17.76 $ 16.69 Thomas K. McGowan 405,405 149,254 $ 17.76 $ 16.69 Heath R. Fear 275,675 119,403 $ 17.76 $ 16.69 The Company entered into award agreements with each executive officer with respect to his awards, which provide terms of vesting, conversion, distribution, and other terms. AO LTIP Units are designed to have economics similar to stock options and allow the recipient, subject to vesting requirements, to realize value above a threshold level set as of the grant date of the award (the “Participation Threshold”). The value of vested AO LTIP Units is realized through conversion into a number of vested Long-Term Incentive Plan (“LTIP”) Units in the Operating Partnership determined on the basis of how much the value of a common share of the Company has increased over the Participation Threshold. The AO LTIP Units are only exercisable and convertible into vested LTIP Units of the Operating Partnership to the extent that they become vested AO LTIP Units. The awards of AO LTIP Units are subject to both time-based and stock price performance-based vesting requirements. Subject to the terms of the award agreements, the AO LTIP Units shall vest and become fully exercisable as of the date that both of the following requirements have been met: (i) the grantee remains in continuous service from the grant date through the third anniversary of the grant date; and (ii) at any time during the period beginning in the second year and ending at the end of the fifth year following the grant date for the 2020 and 2021 awards, the reported closing price per common share of the Company appreciates at least 15% for the 2020 and 2021 awards over the applicable Participation Threshold per AO LTIP Unit (as set forth in the table above) for a minimum of 20 consecutive trading days. Any AO LTIP Units that do not become vested will be forfeited and become null and void as of the fifth anniversary of the grant date, but AO LTIP Units may also be forfeited earlier in connection with a corporate transaction or with the holder’s termination of service. The AO LTIP Units were valued using a Monte Carlo simulation and the resulting compensation expense is being amortized over five years for the 2020 awards and three years for the 2021 awards. Compensation expense for the awards granted in 2020 totaled $3.6 million, of which we recognized $0.6 million, $0.7 million and $0.7 million of compensation expense in 2020, 2021 and 2022, respectively, and expect to annually incur $0.7 million of this expense in 2023 and 2024 and the remainder in 2025. Compensation expense for the awards granted in 2021 totaled $3.0 million, of which we recognized $0.9 million and $1.0 million of compensation expense in 2021 and 2022, respectively, and expect to incur $1.0 million of this expense in 2023 and the remainder in 2024. Special Long-Term Equity Award In January 2022, the Compensation Committee of the Company’s Board of Trustees granted 363,883 LTIP Units to the Company’s named executive officers as a special long-term equity award related to the Merger, which are subject to both performance and service conditions. The LTIP Units granted are subject to an approximate three-year performance and service period, from October 23, 2021 through December 31, 2024, and the performance components are as follows: (i) cumulative annualized net operating income for executed new leases from October 1, 2021 to December 31, 2024, which will be weighted at 60%; (ii) post-Merger cash general and administrative expense synergies achieved as of the end of the performance period, which will be weighted at 20%; and (iii) same property net operating income margin improvement over the performance period, which will be weighted at 20%. Overall performance is further subject to an absolute total shareholder return modifier that has the ability to increase (or decrease) the total number of LTIP Units eligible to vest by 25% (not to exceed the maximum number of LTIP Units). Distributions will accrue during the performance period and will be paid only on LTIP Units that vest at the conclusion of the performance period, and any accrued distributions on vested LTIP Units will be settled in cash at such time.

DEFERRED COSTS AND INTANGIBLES,

DEFERRED COSTS AND INTANGIBLES, NET	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs and Intangibles, net	DEFERRED COSTS AND INTANGIBLES, NET Deferred costs consist primarily of acquired lease intangible assets, broker fees and capitalized internal commissions incurred in connection with lease originations. Deferred leasing costs, lease intangibles and similar costs are amortized on a straight-line basis over the terms of the related leases. As of December 31, 2022 and 2021, deferred costs consisted of the following (in thousands) : December 31, 2022 2021 Acquired lease intangible assets $ 522,152 $ 567,149 Deferred leasing costs and other 66,842 55,817 588,994 622,966 Less: accumulated amortization (179,166) (81,448) Total $ 409,828 $ 541,518 The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2023 $ 11,823 $ 92,095 $ 103,918 2024 9,583 63,858 73,441 2025 7,339 43,346 50,685 2026 5,368 29,834 35,202 2027 4,030 20,156 24,186 Thereafter 5,792 60,823 66,615 Total $ 43,935 $ 310,112 $ 354,047 Amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of deferred leasing costs, lease intangibles and other $ 150,245 $ 45,423 $ 13,916 Amortization of above-market lease intangibles $ 13,562 $ 3,483 $ 999

DEFERRED REVENUE, INTANGIBLES,

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES Deferred revenue and other liabilities consist of (i) the unamortized fair value of below-market lease liabilities recorded in connection with purchase accounting, (ii) retainage payables for development and redevelopment projects, (iii) tenant rent payments received in advance of the month in which they are due, and (iv) lease liabilities recorded upon adoption of ASU 2016-02, Leases (Topic 842) . The amortization of below-market lease liabilities is recognized as revenue over the remaining life of the leases (including option periods for leases with below-market renewal options) through 2085. Tenant rent payments received in advance are recognized as revenue in the period to which they apply, which is typically the month following their receipt. As of December 31, 2022 and 2021, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2022 2021 Unamortized in-place lease liabilities $ 188,815 $ 210,261 Retainages payable and other 12,110 10,796 Tenant rents received in advance 29,947 30,125 Lease liabilities 67,167 70,237 Total $ 298,039 $ 321,419 The amortization of below-market lease intangibles is included as a component of “Rental income” in the accompanying consolidated statements of operations and comprehensive income and totaled $18.4 million, $6.1 million and $4.8 million for the years ended December 31, 2022, 2021 and 2020, respectively. The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows (in thousands) : 2023 $ 17,582 2024 15,828 2025 14,158 2026 13,210 2027 11,219 Thereafter 116,818 Total $ 188,815

MORTGAGE AND OTHER INDEBTEDNESS

MORTGAGE AND OTHER INDEBTEDNESS	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
MORTGAGE AND OTHER INDEBTEDNESS	MORTGAGE AND OTHER INDEBTEDNESS The following table summarizes the Company’s indebtedness as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Mortgages payable $ 233,621 $ 392,590 Senior unsecured notes 1,924,635 1,924,635 Unsecured term loans 820,000 720,000 Unsecured revolving line of credit — 55,000 2,978,256 3,092,225 Unamortized discounts and premiums, net 44,362 69,425 Unamortized debt issuance costs, net (12,319) (10,842) Total mortgage and other indebtedness, net $ 3,010,299 $ 3,150,808 Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2022, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 2,794,963 94 % 3.96 % 4.3 Variable rate debt (2) 183,293 6 % 8.08 % 3.2 Debt discounts, premiums and issuance costs, net 32,043 N/A N/A N/A Total $ 3,010,299 100 % 4.21 % 4.2 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2022, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 2.7 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2022, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 2.7 years. Mortgages Payable The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2022 December 31, 2021 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 205,328 3.98 % 1.4 $ 363,577 4.13 % 1.7 Variable rate mortgage payable (2) 28,293 5.96 % 0.6 29,013 1.70 % 0.1 Total mortgages payable $ 233,621 $ 392,590 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2022 and 2021. (2) On April 1, 2022, the interest rate on the variable rate mortgage switched to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 160 basis points from LIBOR plus 160 basis points. The one-month BSBY rate was 4.36% as of December 31, 2022. The one-month LIBOR rate was 0.10% as of December 31, 2021. Mortgages payable are secured by certain real estate and, in some cases, by guarantees from the Operating Partnership, are generally due in monthly installments of principal and interest and mature over various terms through 2032. During the year ended December 31, 2022, we repaid mortgages payable totaling $155.2 million that had a weighted average fixed interest rate of 4.31% and made scheduled principal payments of $3.8 million related to amortizing loans. Unsecured Notes The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : December 31, 2022 December 31, 2021 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ 95,000 4.23 % $ 95,000 4.23 % Senior notes – 4.58% due 2024 (1) June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 (2) March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – LIBOR + 3.65% due 2025 (3) September 10, 2025 80,000 8.41 % 80,000 3.86 % Senior notes – 4.08% due 2026 (1) September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – LIBOR + 3.75% due 2027 (4) September 10, 2027 75,000 8.51 % 75,000 3.96 % Senior notes – 4.24% due 2028 (1) December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 (1) June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 (2) September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,924,635 $ 1,924,635 (1) Private placement notes assumed in connection with the Merger. (2) Publicly placed notes assumed in connection with the Merger. (3) $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of three-month LIBOR plus 3.65% through September 10, 2025. (4) $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of three-month LIBOR plus 3.75% through September 10, 2025. Private Placement Senior Unsecured Notes In October 2021, in connection with the Merger, the Operating Partnership entered into a number of assumption agreements pursuant to which the Operating Partnership assumed all of RPAI’s obligations under RPAI’s existing note purchase agreements related to an aggregate of $450.0 million in principal of privately placed senior unsecured notes. In addition, in August 2015, the Operating Partnership entered into a note purchase agreement in connection with the issuance of $250.0 million of senior unsecured notes at a blended rate of 4.41% and an average maturity of 9.8 years (collectively, the “Private Placement Notes”). Each series of Private Placement Notes require semi-annual interest payments each year until maturity. The Operating Partnership may prepay at any time all, or from time to time any part of, any series of the Private Placement Notes in an amount not less than 5% of the aggregate principal amount of such series of the Private Placement Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid plus a Make-Whole Amount (as defined in the applicable note purchase agreement). The Make-Whole Amount is equal to the excess, if any, of the discounted value of the remaining scheduled payments with respect to the Private Placement Notes being prepaid over the amount of such Notes. Each note purchase agreement contains customary financial maintenance covenants, including a maximum total leverage ratio, secured and unsecured leverage ratios and a minimum interest coverage ratio. Each note purchase agreement also contains restrictive covenants that restrict the ability of the Operating Partnership and its subsidiaries to, among other things, enter into transactions with affiliates, merge or consolidate, transfer assets or incur liens. Further, each note purchase agreement contains customary events of default, including in relation to non-payment, breach of covenants, defaults under certain other indebtedness, judgment defaults and bankruptcy events. In the case of an event of default, the holders of the Private Placement Notes may, among other remedies, accelerate the payment of all obligations. Publicly Placed Senior Unsecured Notes In October 2021, in connection with the Merger, the Operating Partnership (as successor by merger to RPAI) assumed all of RPAI’s outstanding $750.0 million aggregate principal of publicly placed senior unsecured notes. In addition, the Operating Partnership completed a $300.0 million public offering of 4.00% senior unsecured notes in September 2016 (collectively, the “Public Placement Notes”). The Public Placement Notes require semi-annual interest payments each year until maturity. The Public Placement Notes are the direct, senior unsecured obligations of the Operating Partnership and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The Operating Partnership may redeem the Public Placement Notes at its option and in its sole discretion, at any time or from time to time prior to three months prior to the respective maturity date (such date, the “Par Call Date”), at a redemption price equal to 100% of the principal amount of the applicable Public Placement Notes being redeemed, plus accrued and unpaid interest and a “make-whole” premium calculated in accordance with the indenture. Redemptions on or after the respective Par Call Date are not subject to the addition of a “make-whole” premium. Exchangeable Senior Notes In March 2021, the Operating Partnership issued $175.0 million aggregate principal amount of 0.75% Exchangeable Senior Notes maturing in April 2027 (the “Exchangeable Notes”). The Exchangeable Notes are governed by an indenture between the Operating Partnership, the Company and U.S. Bank National Association, as trustee. The Exchangeable Notes were sold in the U.S. only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The net proceeds from the offering of the Exchangeable Notes were approximately $169.7 million after deducting the underwriting fees and other expenses paid by the Company. The Exchangeable Notes bear interest at a rate of 0.75% per annum, payable semi-annually in arrears, and will mature on April 1, 2027. During the years ended December 31, 2022 and 2021, we recognized approximately $1.3 million and $1.6 million, respectively, of interest expense for the Exchangeable Notes. Prior to January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof, only upon certain circumstances and during certain periods. On or after January 1, 2027, the Exchangeable Notes will be exchangeable into cash up to the principal amount of the Exchangeable Notes exchanged and, if applicable, cash or common shares or a combination thereof at the option of the holders at any time prior to the close of business on the second scheduled trading day preceding the Maturity Date. The exchange rate will initially equal 39.6628 common shares per $1,000 principal amount of Exchangeable Notes (equivalent to an exchange price of approximately $25.21 per common share and an exchange premium of approximately 25% based on the closing price of $20.17 per common share on March 17, 2021). The exchange rate will be subject to adjustment upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. The Operating Partnership may redeem the Exchangeable Notes, at its option, in whole or in part, on any business day on or after April 5, 2025, if the last reported sale price of the common shares has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the issuer provides notice of redemption at a redemption price equal to 100% of the principal amount of the Exchangeable Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. In connection with the Exchangeable Notes, the Operating Partnership entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with certain of the initial purchasers of the Exchangeable Notes or their respective affiliates. The Capped Call Transactions initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the Exchangeable Notes, the number of common shares underlying the Exchangeable Notes. The Capped Call Transactions are expected generally to reduce the potential dilution to holders of common shares upon exchange of the Exchangeable Notes. The cap price of the Capped Call Transactions was initially approximately $30.26, which represents a premium of approximately 50% over the last reported sale price of common shares on March 17, 2021 and is subject to anti-dilution adjustments under the terms of the Capped Call Transactions. The cost of the Capped Call Transactions was $9.8 million and is recorded within “Additional paid-in capital” in the accompanying consolidated balance sheets. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2022 December 31, 2021 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2023 – fixed rate (1)(2) November 22, 2023 $ — — % $ 200,000 4.10 % Unsecured term loan due 2024 – fixed rate (1)(3) July 17, 2024 120,000 2.68 % 120,000 2.88 % Unsecured term loan due 2025 – fixed rate (4) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (1)(5) July 17, 2026 150,000 2.73 % 150,000 2.97 % Unsecured term loan due 2029 – fixed rate (6) July 29, 2029 300,000 4.05 % — — % Total unsecured term loans $ 820,000 $ 720,000 Unsecured credit facility revolving line of credit – variable rate (7) January 8, 2026 $ — 5.56 % $ 55,000 1.20 % (1) Unsecured term loans assumed in connection with the Merger. (2) As of December 31, 2021, $200,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 2.85% plus a credit spread based on a leverage grid ranging from 1.20% to 1.85% through November 22, 2023. The applicable credit spread was 1.25% as of December 31, 2021. (3) As of December 31, 2022, $120,000 of Secured Overnight Financing Rate (“SOFR”)-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of December 31, 2022. As of December 31, 2021, $120,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 1.68% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2024. The applicable credit spread was 1.20% as of December 31, 2021. (4) As of December 31, 2022, $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. As of December 31, 2021, $250,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (5) As of December 31, 2022, $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of December 31, 2022. As of December 31, 2021, $150,000 of LIBOR-based variable rate debt had been swapped to a fixed rate 1.77% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2026. The applicable credit spread was 1.20% as of December 31, 2021. (6) $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of December 31, 2022. (7) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. On July 29, 2022, SOFR replaced LIBOR as the interest reference rate for the revolving line of credit. Unsecured Revolving Credit Facility In July 2022, the Operating Partnership, as borrower, and the Company entered into the Second Amendment (the “Second Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 8, 2021 (as amended, the “Credit Agreement”) with a syndicate of financial institutions to provide for (i) a $250.0 million increase to the $850.0 million unsecured revolving line of credit that was assumed in the Merger, resulting in a $1.1 billion unsecured revolving credit facility (the “2022 Revolving Facility”) and (ii) a seven-year $300.0 million unsecured term loan (the “$300M Term Loan”). Under the Second Amendment, the Operating Partnership has the option, subject to certain customary conditions, to increase the 2022 Revolving Facility and/or incur additional term loans in an aggregate amount for all such increases and additional loans of up to $600.0 million, for a total facility amount of up to $2.0 billion. The 2022 Revolving Facility has a scheduled maturity date of January 8, 2026, which maturity date may be extended for up to two additional periods of six months at the Operating Partnership’s option, subject to certain conditions. Borrowings under the 2022 Revolving Facility bear interest at a rate per annum equal to SOFR plus a margin based on the Operating Partnership’s leverage ratio or credit rating, respectively, plus a facility fee based on the Operating Partnership’s leverage ratio or credit rating, respectively. The SOFR rate is also subject to an additional 0.10% spread adjustment as specified in the Second Amendment. The 2022 Revolving Facility is currently priced on the leverage-based pricing grid. In accordance with the Credit Agreement, the credit spread set forth in the leverage grid resets quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company may irrevocably elect to convert to the ratings-based pricing grid at any time. As of December 31, 2022, making such an election would have resulted in a lower interest rate; however, the Company had not made the election to convert to the ratings-based pricing grid. The Credit Agreement includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. The following table summarizes the key terms of the 2022 Revolving Facility as of December 31, 2022 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing 2022 Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The Operating Partnership’s ability to borrow under the Credit Agreement is subject to ongoing compliance by the Operating Partnership and its subsidiaries with various restrictive covenants, including with respect to liens, transactions with affiliates, dividends, mergers and asset sales. In addition, the Credit Agreement requires that the Operating Partnership satisfy certain financial covenants, including (i) a maximum leverage ratio; (ii) a minimum fixed charge coverage ratio; (iii) a maximum secured indebtedness ratio; (iv) a maximum unsecured leverage ratio; and (v) a minimum unencumbered interest coverage ratio. As of December 31, 2022, we were in compliance with all such covenants. The Credit Agreement includes customary representations and warranties, which must continue to be true and correct in all material respects as a condition to future draws under the 2022 Revolving Facility. The Credit Agreement also contains customary events of default, the occurrence of which, following any applicable grace period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations under the Credit Agreement to be immediately due and payable. As of December 31, 2022, we had letters of credit outstanding totaling $1.5 million, against which no amounts were advanced as of December 31, 2022. Unsecured Term Loans In July 2022, in conjunction with the Second Amendment, the Operating Partnership obtained a $300M Term Loan that is priced on a ratings-based pricing grid at a rate of SOFR plus a credit spread ranging from 1.15% to 2.20%. The SOFR rate is also subject to an additional 0.10% spread adjustment as specified in the Second Amendment. Proceeds from the $300M Term Loan were used to repay the Operating Partnership’s $200.0 million unsecured term loan that was assumed in the Merger and was scheduled to mature on November 22, 2023 (the “$200M Term Loan”), certain secured loans, and for other general corporate purposes. The Operating Partnership is permitted to prepay the $300M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before July 29, 2024. The agreement related to the $300M Term Loan includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. In October 2021, in connection with the Merger, the Operating Partnership (as successor by merger to RPAI) assumed RPAI’s $120.0 million (the “$120M Term Loan”) and $150.0 million (the “$150M Term Loan”) unsecured term loans, which were originally priced on a leverage-based pricing grid with the credit spread set forth in the leverage grid resetting quarterly based on the Company’s leverage, as calculated at the previous quarter end. The Company had the option to irrevocably elect to convert to a ratings-based pricing grid at any time. On August 2, 2022, the Company made the election to convert to the ratings-based pricing grid. The agreement related to the $150M Term Loan includes a sustainability metric based on targeted greenhouse gas emission reductions, which results in a reduction of the otherwise applicable interest rate margin by one basis point upon achievement of targets set forth therein. Under the agreement related to the $120M Term Loan and the $150M Term Loan, the Operating Partnership has the option to increase each of the term loans to $250.0 million upon the Operating Partnership’s request, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay each of the $120M Term Loan and $150M Term Loan, in whole or in part, at any time without being subject to a prepayment fee. In October 2018, the Operating Partnership entered into a term loan agreement with KeyBank National Association, as Administrative Agent, and the other lenders party thereto, providing for an unsecured term loan facility of up to $250.0 million (the “$250M Term Loan”). The Operating Partnership has the option to increase the $250M Term Loan to $300.0 million, subject to certain conditions, including obtaining commitments from any one or more lenders, whether or not currently party to the term loan agreement, to provide such increased amounts. The Operating Partnership is permitted to prepay the $250M Term Loan in whole or in part, at any time, subject to a prepayment fee if prepaid on or before October 25, 2023. The unsecured term loan agreements contain representations, financial and other affirmative and negative covenants and events of default that are substantially similar to those contained in the Credit Agreement. The unsecured term loan agreements all rank pari passu with the Operating Partnership’s 2022 Revolving Facility and other unsecured indebtedness of the Operating Partnership. The following table summarizes the key terms of the unsecured term loans as of December 31, 2022 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 (1) 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 (2) 10/24/2025 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 (1) 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) In July 2022, SOFR replaced LIBOR as the interest reference rate for these term loans. (2) In December 2022, SOFR replaced LIBOR as the interest reference rate for this term loan. In addition, the maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. Debt Issuance Costs Debt issuance costs are amortized over the terms of the respective loan agreements. The following amounts of amortization of debt issuance costs are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of debt issuance costs $ 3,163 $ 2,681 $ 2,135 Debt Maturities The following table summarizes the scheduled maturities and principal amortization of the Company’s indebtedness as of December 31, 2022 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2023 $ 3,020 $ 189,390 $ 95,000 $ 287,410 2024 2,721 — 269,635 272,356 2025 2,848 — 680,000 682,848 2026 2,981 — 550,000 552,981 2027 3,120 — 250,000 253,120 Thereafter 27,061 2,480 900,000 929,541 $ 41,751 $ 191,870 $ 2,744,635 $ 2,978,256 Debt discounts, premiums and issuance costs, net 32,043 Total $ 3,010,299 Other Debt Activity We capitalized interest of $2.4 million, $1.6 million and $1.5 million during the years ended December 31, 2022, 2021, and 2020, respectively. Fair Value of Fixed and Variable Rate Debt As of December 31, 2022, the estimated fair value of fixed rate debt was $2.0 billion compared to the book value of $2.1 billion. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 1.76% to 7.67%. As of December 31, 2022, the estimated fair value of variable rate debt was $851.8 million compared to the book value of $848.3 million. The fair value was estimated using Level 2 and 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 5.41% to 6.36%.

DERIVATIVE INSTRUMENTS, HEDGING

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME In order to manage potential future variable interest rate risk, we enter into interest rate derivative agreements from time to time. We do not use interest rate derivative agreements for trading or speculative purposes. The agreements with each of our derivative counterparties provide that in the event of default on any of our indebtedness, we could also be declared in default on our derivative obligations. During the year ended December 31, 2022, we amended certain interest rate swap agreements, contemporaneous with a modification of the Company’s unsecured revolving credit facility and $300M Term Loan, $120M Term Loan and $150M Term Loan, and $250M Term Loan to facilitate reference rate reform, converting the outstanding swaps from LIBOR to SOFR. In addition, we (i) designated the interest rate swaps related to the $200M Term Loan that was repaid in July 2022 to the $300M Term Loan with an effective date of August 2022 and a maturity date of November 2023; (ii) entered into two forward-starting interest rate swap contracts with notional amounts totaling $200.0 million that swap a floating rate of term SOFR to a fixed rate of 2.37% plus a credit spread of 1.35% with an effective date of November 2023 and a maturity date of August 2025; and (iii) entered into two agreements to swap a total of $100.0 million of SOFR-based variable rate debt to a fixed rate of 2.66% plus a credit spread of 1.35% with an effective date of August 2022 and a maturity date of August 2025. We also terminated two forward-starting interest rate swaps with notional amounts totaling $150.0 million in December 2022 and received proceeds of $30.9 million upon termination. This settlement is included as a component of accumulated other comprehensive income and will be reclassified to earnings over time as the hedged items are recognized in earnings. The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of December 31, 2022 and 2021 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date December 31, 2022 December 31, 2021 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 7,134 $ (18,282) Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 3,616 — Cash Flow Two 200,000 SOFR 2.72 % 8/3/2022 11/22/2023 3,663 (7,769) Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 5,461 (2,190) Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 10,896 (3,876) $ 820,000 $ 30,770 $ (32,117) Fair Value (2) Two $ 155,000 LIBOR LIBOR + 3.70% 4/23/2021 9/10/2025 $ (14,177) $ (2,630) Forward-Starting Cash Flow (3) Two $ 150,000 SOFR 1.356 % N/A 6/1/2032 $ — $ 299 Forward-Starting Cash Flow Two $ 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 $ 4,370 $ — (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of LIBOR plus 3.70%. (3) In December 2022, we terminated these two forward-starting interest rate swaps with notional amounts totaling $150.0 million and received proceeds of $30.9 million upon termination. This settlement is included as a component of accumulated other comprehensive income and will be reclassified to earnings over time as the hedged items are recognized in earnings. These interest rate derivative agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties. We determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives use Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of December 31, 2022 and 2021, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we determined our derivative valuations were classified within Level 2 of the fair value hierarchy. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. Approximately $7.3 million, $7.7 million and $4.0 million was reclassified as a reduction to earnings during the years ended December 31, 2022, 2021 and 2020, respectively. As interest payments on our derivatives are made over the next 12 months, we estimate the decrease to interest expense to be approximately $27.8 million, assuming the current SOFR and LIBOR curves. Unrealized gains and losses on our interest rate derivative agreements are the only components of the change in accumulated other comprehensive loss.

LEASE INFORMATION

LEASE INFORMATION	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the Merger, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the Merger on October 22, 2021. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2022, 2021 and 2020, respectively (in thousands) : Year Ended December 31, 2022 2021 2020 Fixed contractual lease payments – operating leases $ 615,773 $ 292,873 $ 218,004 Variable lease payments – operating leases 151,304 69,422 52,128 Bad debt reserve (6,027) (2,897) (13,259) Straight-line rent adjustments 17,031 4,674 1,155 Straight-line rent (reserve) recovery for uncollectibility (553) 716 (4,177) Amortization of in-place lease liabilities, net 4,821 2,611 3,819 Total $ 782,349 $ 367,399 $ 257,670 The weighted average remaining term of the lease agreements is approximately 7.1 years. During the years ended December 31, 2022, 2021, and 2020, the Company earned overage rent of $5.9 million, $0.8 million, and $0.2 million, respectively. During 2020 and 2021, in response to the impact of the novel coronavirus (“COVID 19”) pandemic, the Company received rent relief requests from a significant portion of its tenants and agreed to defer rent for a portion of its tenants, subject to certain conditions, to be repaid over a period of time, typically 12 to 18 months. The Company had deferred the collection of $1.2 million of rental income that remains outstanding as of December 31, 2022. To the extent the Company agrees to defer rent or is otherwise unable to collect rent for certain periods, the Company will realize decreased cash flow, which could significantly decrease the cash available for its operating and capital uses. The future impact of such modifications is dependent upon the extent of lease concessions granted to tenants as a result of COVID-19 in future periods and the elections made by the Company at the time of entering into such concessions. The Company did not provide a material amount of rent abatement to tenants as a result of COVID-19. As of December 31, 2022, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows (in thousands) : Lease Payments 2023 $ 613,776 2024 552,465 2025 474,145 2026 402,393 2027 323,087 Thereafter 1,088,663 Total $ 3,454,529 Commitments under Ground Leases As of December 31, 2022, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2025 to 2092 with a weighted average remaining term of 35.0 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2022, 2021, and 2020, the Company incurred ground lease expense on these operating leases of $3.9 million, $2.8 million, and $1.9 million, respectively. The Company made payments of $5.1 million, $2.6 million and $1.8 million during the years ended December 31, 2022, 2021 and 2020, respectively, which were included in operating cash flows. As of December 31, 2022, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2023 $ 5,035 2024 5,044 2025 5,168 2026 5,174 2027 5,218 Thereafter 110,623 $ 136,262 Adjustment for discounting (69,095) Lease liabilities as of December 31, 2022 $ 67,167
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of their contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for reimbursement of operating expenses are based upon the operating expense activity for the period. In connection with the Merger, the Company assumed all leases in place at legacy RPAI properties and began recognizing rental income under the respective leases upon completion of the Merger on October 22, 2021. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2022, 2021 and 2020, respectively (in thousands) : Year Ended December 31, 2022 2021 2020 Fixed contractual lease payments – operating leases $ 615,773 $ 292,873 $ 218,004 Variable lease payments – operating leases 151,304 69,422 52,128 Bad debt reserve (6,027) (2,897) (13,259) Straight-line rent adjustments 17,031 4,674 1,155 Straight-line rent (reserve) recovery for uncollectibility (553) 716 (4,177) Amortization of in-place lease liabilities, net 4,821 2,611 3,819 Total $ 782,349 $ 367,399 $ 257,670 The weighted average remaining term of the lease agreements is approximately 7.1 years. During the years ended December 31, 2022, 2021, and 2020, the Company earned overage rent of $5.9 million, $0.8 million, and $0.2 million, respectively. During 2020 and 2021, in response to the impact of the novel coronavirus (“COVID 19”) pandemic, the Company received rent relief requests from a significant portion of its tenants and agreed to defer rent for a portion of its tenants, subject to certain conditions, to be repaid over a period of time, typically 12 to 18 months. The Company had deferred the collection of $1.2 million of rental income that remains outstanding as of December 31, 2022. To the extent the Company agrees to defer rent or is otherwise unable to collect rent for certain periods, the Company will realize decreased cash flow, which could significantly decrease the cash available for its operating and capital uses. The future impact of such modifications is dependent upon the extent of lease concessions granted to tenants as a result of COVID-19 in future periods and the elections made by the Company at the time of entering into such concessions. The Company did not provide a material amount of rent abatement to tenants as a result of COVID-19. As of December 31, 2022, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows (in thousands) : Lease Payments 2023 $ 613,776 2024 552,465 2025 474,145 2026 402,393 2027 323,087 Thereafter 1,088,663 Total $ 3,454,529 Commitments under Ground Leases As of December 31, 2022, we are obligated under 12 ground leases for approximately 98 acres of land. Most of these ground leases require fixed annual rent payments. The expiration dates of the remaining initial terms of these ground leases range from 2025 to 2092 with a weighted average remaining term of 35.0 years. Certain of these leases have five Right-of-use assets are included within “Prepaid and other assets” and lease liabilities are included within “Deferred revenue and other liabilities” in the accompanying consolidated balance sheets. During the years ended December 31, 2022, 2021, and 2020, the Company incurred ground lease expense on these operating leases of $3.9 million, $2.8 million, and $1.9 million, respectively. The Company made payments of $5.1 million, $2.6 million and $1.8 million during the years ended December 31, 2022, 2021 and 2020, respectively, which were included in operating cash flows. As of December 31, 2022, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2023 $ 5,035 2024 5,044 2025 5,168 2026 5,174 2027 5,218 Thereafter 110,623 $ 136,262 Adjustment for discounting (69,095) Lease liabilities as of December 31, 2022 $ 67,167

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.24 per common share and Common Unit for the fourth quarter of 2022. This distribution was paid on January 13, 2023 to common shareholders and Common Unit holders of record as of January 6, 2023. For the years ended December 31, 2022, 2021 and 2020, we declared cash distributions totaling $0.87, $0.72, and $0.5995, respectively, per common share and Common Unit. At-The-Market Offering Program On February 23, 2021, the Company and the Operating Partnership entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with each of BofA Securities, Inc., Citigroup Global Markets Inc., KeyBanc Capital Markets Inc. and Raymond James & Associates, Inc., pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $150.0 million of its common shares of beneficial interest, $0.01 par value per share, under an at-the-market offering program (the “ATM Program”). On November 30, 2021, the Company and the Operating Partnership amended the Equity Distribution Agreement to reflect their filing of a shelf registration statement on November 16, 2021 with the SEC. As of December 31, 2022, the Company has not sold any common shares under the ATM Program. The Operating Partnership intends to use the net proceeds, if any, to repay borrowings under its 2022 Revolving Facility and other indebtedness and for working capital and other general corporate purposes. The Operating Partnership may also use the net proceeds for acquisitions of operating properties and the development or redevelopment of properties, although there are currently no understandings, commitments or agreements to do so. Share Repurchase Program In February 2021, our Board of Trustees approved a share repurchase program, authorizing share repurchases up to an aggregate of $150.0 million (the “Share Repurchase Program”). In February 2022, the Company extended its Share Repurchase Program for an additional year, and in February 2023 extended the program for another year so it will now terminate on February 28, 2024, if not terminated or extended prior to that date. In April 2022, our Board of Trustees authorized a $150.0 million increase to the size of the Share Repurchase Program, authorizing share repurchases up to an aggregate of $300.0 million. As of December 31, 2022, the Company has not repurchased any shares under its Share Repurchase Program. The Company intends to fund any future repurchases under the Share Purchase Program with cash on hand or availability under the 2022 Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements and other factors. Dividend Reinvestment and Share Purchase Plan We maintain a Dividend Reinvestment and Share Purchase Plan, which offers shareholders and new investors the option to invest all or a portion of their common share dividends in additional common shares. Participants in this plan are also able to make optional cash investments with certain restrictions.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Other Commitments and Contingencies We are obligated under various completion guarantees with certain lenders and lease agreements with tenants to complete all or portions of a development project and tenant-specific space currently under construction. We believe we currently have sufficient financing in place to fund these projects and expect to do so primarily through free cash flow or borrowings on the Revolving Facility. In 2017, we provided a repayment guaranty on a $33.8 million construction loan associated with the development of the Embassy Suites at the University of Notre Dame, consistent with our 35% ownership interest. Our portion of the repayment guaranty is limited to $5.9 million and the guaranty’s term is through July 1, 2024, the maturity date of the construction loan. As of December 31, 2022, the outstanding loan balance was $33.5 million, of which our share was $11.7 million. The loan is secured by the hotel. In 2021, we provided repayment and completion guaranties on loans totaling $66.2 million associated with the development of The Corner mixed-use project in the Indianapolis MSA. As of December 31, 2022, the outstanding balance of the loans was $30.6 million, of which our share was $15.3 million. As of December 31, 2022, we had outstanding letters of credit totaling $1.5 million with no amounts advanced against these instruments. Legal Proceedings We are not subject to any material litigation nor, to management’s knowledge, is any material litigation currently threatened against us. We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole.

RELATED PARTIES AND RELATED PAR

RELATED PARTIES AND RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTIES AND RELATED PARTY TRANSACTIONS	RELATED PARTIES AND RELATED PARTY TRANSACTIONS Subsidiaries of the Company provide certain management, construction management and other services to a number of entities owned by several members of the Company’s management. During each of the years ended December 31, 2022, 2021 and 2020, we earned less than $0.1 million from entities owned by certain members of management. We reimburse entities owned by certain members of the Company’s management for certain travel and related services. During the years ended December 31, 2022, 2021 and 2020, we paid $0.3 million, $0.3 million and $0.5 million, respectively, to this related entity.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSSubsequent to December 31, 2022, we repaid three mortgages payable with principal balances totaling $128.5 million and a weighted average fixed interest rate of 3.83%

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation	KITE REALTY GROUP TRUST AND KITE REALTY GROUP, L.P. AND SUBSIDIARIES Schedule III Consolidated Real Estate and Accumulated Depreciation December 31, 2022 (in thousands) Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties 12th Street Plaza $ — $ 2,624 $ 12,872 $ — $ 765 $ 2,624 $ 13,637 $ 16,261 $ 5,447 1978/2003 2012 54th & College — 2,672 — — — 2,672 — 2,672 — 2008 NA Arcadia Village — 8,487 11,710 — 129 8,487 11,839 20,326 997 1957 2021 Ashland & Roosevelt — 9,806 25,531 — 44 9,806 25,575 35,381 2,016 2002 2021 Avondale Plaza — 6,723 10,073 — 33 6,723 10,106 16,829 699 2005 2021 Bayonne Crossing — 47,809 43,747 — 2,052 47,809 45,798 93,607 15,892 2011 2014 Bayport Commons — 7,005 20,705 — 4,601 7,005 25,306 32,311 9,936 2008 NA Bed Bath & Beyond Plaza — 4,540 13,131 — 112 4,540 13,244 17,784 1,073 2000 2021 Belle Isle Station — 9,130 41,112 — 6,904 9,130 48,016 57,146 17,484 2000 2015 Bridgewater Marketplace — 3,407 8,595 — 1,326 3,407 9,921 13,328 4,447 2008 NA Burlington* — — 2,773 — 29 — 2,802 2,802 2,747 1992/2000 2000 Castleton Crossing — 9,761 26,974 — 1,030 9,761 28,005 37,766 9,439 1975 2013 Cedar Park Town Center — 9,032 25,909 — 90 9,032 25,999 35,031 1,354 2013 2021 Centennial Center 70,455 58,960 72,190 — 7,275 58,960 79,465 138,425 34,096 2002 2014 Centennial Gateway 23,962 5,305 48,559 — 906 5,305 49,465 54,770 16,272 2005 2014 Central Texas Marketplace — 15,711 30,122 — 1,102 15,711 31,225 46,936 2,749 2004 2021 Centre at Laurel — 6,122 34,661 — 225 6,122 34,886 41,008 2,435 2005 2021 Centre Point Commons* — 2,918 22,285 — 392 2,918 22,676 25,594 7,583 2007 2014 Chantilly Crossing — 12,309 17,649 — 349 12,309 17,998 30,307 1,313 2004 2021 Chapel Hill Shopping Center* 18,250 — 34,979 — 2,312 — 37,291 37,291 13,018 2001 2015 Circle East — 1,188 24,122 — — 1,188 24,122 25,310 915 1998/2022 2021 City Center — 20,565 179,714 — 4,849 20,565 184,563 205,128 61,467 2018 2014 Clearlake Shores Shopping Center — 3,845 6,622 — 177 3,845 6,799 10,644 555 2003 2021 Coal Creek Marketplace — 9,397 11,664 — 54 9,397 11,718 21,115 1,005 1991 2021 Cobblestone Plaza — 10,374 44,608 — 3,113 10,374 47,721 58,095 16,598 2011 NA Colleyville Downs — 5,446 38,533 — 2,712 5,446 41,245 46,691 17,617 2014 2015 Colonial Square — 7,521 18,696 — 2,846 7,521 21,542 29,063 6,653 2010 2014 Colony Square — 20,300 18,838 — 449 20,300 19,288 39,588 1,960 1997 2021 Commons at Temecula — 18,966 44,730 — 302 18,966 45,032 63,998 4,017 1999 2021 Cool Creek Commons — 6,062 12,769 — 5,226 6,062 17,995 24,057 8,050 2005 NA Cool Springs Market — 12,644 22,852 40 7,170 12,684 30,022 42,706 13,416 1995 2013 Coppell Town Center — 5,052 11,286 — 104 5,052 11,390 16,442 982 1999 2021 Coram Plaza — 6,992 23,021 — 91 6,992 23,112 30,104 1,702 2004 2021 Crossing at Killingly Commons — 21,999 34,968 — 1,084 21,999 36,051 58,050 13,477 2010 2014 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Cypress Mill Plaza $ — $ 6,320 $ 10,111 $ — $ 71 $ 6,320 $ 10,182 $ 16,502 $ 804 2004 2021 Davis Towne Crossing — 995 8,969 — 129 995 9,098 10,093 657 2003 2021 Delray Marketplace 28,293 18,750 86,955 1,284 7,739 20,034 94,694 114,728 30,497 2013 NA Denton Crossing — 8,257 39,188 — 403 8,257 39,591 47,848 3,309 2003 2021 DePauw University Bookstore & Café* — 64 663 — 45 64 708 772 511 2012 NA Downtown Crown — 25,759 77,137 — 1,241 25,759 78,377 104,136 3,925 2014 2021 Draper Crossing — 9,054 27,142 — 2,104 9,054 29,246 38,300 10,707 2012 2014 Draper Peaks — 11,498 46,910 522 5,829 12,020 52,739 64,759 15,255 2012 2014 East Stone Commons* — 3,766 21,920 — 143 3,766 22,063 25,829 1,848 2005 2021 Eastern Beltway 34,100 23,221 45,595 — 7,672 23,221 53,267 76,488 15,658 1998/2006 2014 Eastgate Crossing — 4,244 59,142 — 4,227 4,244 63,369 67,613 5,015 1958/2007 2020 Eastgate Pavilion — 8,026 18,588 — 1,008 8,026 19,596 27,622 9,768 1995 2004 Eastside — 3,305 12,199 — 7 3,305 12,207 15,512 782 2008 2021 Eastwood Towne Center — 3,242 56,143 — 1,510 3,242 57,653 60,895 4,733 2002 2021 Eddy Street Commons* — 2,186 48,316 — 3,828 2,186 52,143 54,329 15,397 2009/2022 NA Edwards Multiplex — 22,583 28,710 — — 22,583 28,710 51,293 2,327 1997 2021 Estero Town Commons — 8,973 9,947 — 976 8,973 10,923 19,896 4,791 2006 NA Fairgrounds Plaza — 12,690 15,254 — 94 12,690 15,348 28,038 1,132 2002 2021 Fishers Station — 4,008 15,705 — 227 4,008 15,931 19,939 6,756 2018 NA Fordham Place — 41,993 102,467 — 303 41,993 102,770 144,763 6,081 1920/2009 2021 Fort Evans Plaza II — 14,110 39,623 — 1,542 14,110 41,164 55,274 2,640 2008 2021 Fullerton Metrocenter — 55,794 43,032 — 1,046 55,794 44,078 99,872 3,896 1988 2021 Galvez Shopping Center — 494 4,966 — 145 494 5,112 5,606 375 2004 2021 Gardiner Manor Mall — 29,521 20,129 — 531 29,521 20,660 50,181 1,962 2000 2021 Gateway Pavillions — 44,167 10,414 — 972 44,167 11,386 55,553 1,540 2003 2021 Gateway Plaza — 15,608 23,115 — 489 15,608 23,604 39,212 2,552 2000 2021 Gateway Station — 10,679 10,590 — 287 10,679 10,878 21,557 860 2003 2021 Gateway Village — 32,045 33,371 — 186 32,045 33,556 65,601 2,931 1996 2021 Geist Pavilion — 1,368 7,485 — 2,770 1,368 10,254 11,622 4,975 2006 NA Gerry Centennial Plaza — 3,448 10,316 — 17 3,448 10,333 13,781 1,143 2006 2021 Grapevine Crossing — 7,021 11,946 — 359 7,021 12,305 19,326 1,069 2001 2021 Green's Corner — 4,836 13,845 — 101 4,836 13,946 18,782 1,262 1997 2021 Greyhound Commons — 2,629 794 — 1,090 2,629 1,884 4,513 1,107 2005 NA Gurnee Town Center — 7,348 20,772 — 94 7,348 20,866 28,214 1,931 2000 2021 Henry Town Center — 9,446 49,835 — 655 9,446 50,490 59,936 4,437 2002 2021 Heritage Square — 11,373 16,180 — 340 11,373 16,519 27,892 1,394 1985 2021 Heritage Towne Crossing — 5,720 14,789 — 70 5,720 14,859 20,579 1,196 2002 2021 Holly Springs Towne Center — 22,324 94,582 — 7,204 22,324 101,786 124,110 26,800 2013 NA Home Depot Center* — — 20,122 — 19 — 20,141 20,141 1,642 1996 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Huebner Oaks $ — $ 19,423 $ 36,062 $ — $ 421 $ 19,423 $ 36,483 $ 55,906 $ 2,825 1996 2021 Humblewood Shopping Center — 3,921 10,873 — 438 3,921 11,311 15,232 858 1979/2005 2021 Hunter's Creek Promenade — 8,017 12,670 179 1,781 8,196 14,451 22,647 4,816 1994 2013 Indian River Square — 4,000 5,989 1,100 5,529 5,100 11,518 16,618 3,678 1997/2004 2005 International Speedway Square — 7,157 12,840 — 8,531 7,157 21,371 28,528 12,883 1999 NA Jefferson Commons — 23,356 20,068 — 1,293 23,356 21,361 44,717 2,003 2005 2021 John's Creek Village — 7,668 39,697 — 1,065 7,668 40,762 48,430 3,041 2004 2021 King's Lake Square — 4,519 12,393 — 1,739 4,519 14,133 18,652 6,870 1986/2014 2003 Kingwood Commons — 5,715 28,807 — 172 5,715 28,979 34,694 11,987 1999 2013 La Plaza Del Norte — 18,113 32,803 — 408 18,113 33,211 51,324 2,884 1996 2021 Lake City Commons — 4,693 11,453 — 79 4,693 11,532 16,225 3,497 2008 2014 Lake Mary Plaza — 1,413 8,719 — 291 1,413 9,010 10,423 2,640 2009 2014 Lake Worth Towne Crossing — 6,228 28,776 — 127 6,228 28,903 35,131 2,097 2005 2021 Lakewood Towne Center — 32,864 31,493 — 852 32,864 32,345 65,209 3,149 2002 2021 Lincoln Park — 14,757 40,292 — 714 14,757 41,006 55,763 3,531 1997 2021 Lincoln Plaza — 6,239 38,473 — 5,014 6,239 43,486 49,725 3,622 2001 2021 Lithia Crossing — 3,065 9,958 — 3,380 3,065 13,338 16,403 6,021 1994/2003 2011 Lowe's/Bed Bath & Beyond — 19,894 — — — 19,894 — 19,894 — 2005 2021 MacArthur Crossing — 11,190 31,334 — 1,564 11,190 32,898 44,088 1,814 1995 2021 Main Street Promenade — 2,630 60,911 — (191) 2,630 60,720 63,350 3,072 2003 2021 Manchester Meadows — 10,788 30,434 — 44 10,788 30,478 41,266 3,232 1994 2021 Mansfield Towne Crossing — 2,966 14,369 — 443 2,966 14,812 17,778 1,152 2003 2021 Market Street Village — 9,764 16,360 — 4,345 9,764 20,705 30,469 10,001 1970/2004 2005 Merrifield Town Center — 5,186 41,338 — 144 5,186 41,482 46,668 2,619 2008 2021 Merrifield Town Center II — 19,614 23,042 — — 19,614 23,042 42,656 1,387 1972/2007 2021 Miramar Square — 26,492 30,742 389 9,775 26,880 40,517 67,397 10,505 2008 2014 Mullins Crossing* — 10,582 42,188 — 6,624 10,582 48,813 59,395 17,833 2005 2014 Naperville Marketplace — 5,364 11,377 — 160 5,364 11,537 16,901 4,935 2008 NA New Forest Crossing — 7,175 12,076 — 272 7,175 12,348 19,523 1,078 2003 2021 New Hyde Park Shopping Center — 10,792 9,766 — 488 10,792 10,254 21,046 642 1964/2011 2021 Newnan Crossing — 6,616 41,150 — 1,001 6,616 42,151 48,767 3,889 1999 2021 Newton Crossroads — 1,004 10,821 — 1 1,004 10,822 11,826 948 1997 2021 Nora Plaza 3,458 3,790 21,072 5,002 13,611 8,792 34,683 43,475 5,384 2004 2019 North Benson Center — 16,632 9,858 — 308 16,632 10,166 26,798 949 1988 2021 Northcrest Shopping Center — 4,044 33,921 — 1,144 4,044 35,066 39,110 10,829 2008 2014 Northdale Promenade — 1,718 27,481 — (539) 1,718 26,943 28,661 15,356 2017 NA Northgate North 23,010 20,063 48,746 — 2,117 20,063 50,863 70,926 4,326 1999 2021 Northpointe Plaza — 15,964 35,592 — 368 15,964 35,960 51,924 3,037 1991 2021 Oak Brook Promenade — 6,753 49,137 — 1,409 6,753 50,546 57,299 3,793 2006 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Oleander Place* $ — $ 847 $ 5,846 $ — $ 192 $ 847 $ 6,038 $ 6,885 $ 3,024 2012 2011 One Loudoun Downtown — 74,400 236,043 — 1,743 74,400 237,785 312,185 13,588 2013/2022 2021 Oswego Commons — 5,746 8,311 — 117 5,746 8,428 14,174 878 2002 2021 Palms Plaza — 12,049 24,494 — 257 12,049 24,752 36,801 908 1988 2022 Paradise Valley Marketplace — 6,889 35,823 — 151 6,889 35,975 42,864 2,792 2002 2021 Parkside Town Commons — 21,796 108,611 (60) 10,349 21,736 118,960 140,696 35,254 2015 N/A Parkway Towne Crossing — 15,099 28,562 — 346 15,099 28,908 44,007 1,835 2010 2021 Pavilion at King's Grant — 5,086 39,804 — 1,354 5,086 41,158 46,244 3,604 2002 2021 Pebble Marketplace — 7,504 34,548 — 411 7,504 34,959 42,463 1,157 1997 2022 Pelham Manor Shopping Plaza* — — 42,293 — 497 — 42,789 42,789 2,621 2008 2021 Peoria Crossing — 18,879 16,304 — 676 18,879 16,980 35,859 1,674 2002 2021 Perimeter Woods — 6,893 27,277 — 1,828 6,893 29,105 35,998 9,004 2008 2014 Pine Ridge Crossing — 5,640 16,985 — 5,268 5,640 22,253 27,893 9,580 1994 2006 Plaza at Cedar Hill — 5,782 34,294 — 17,410 5,782 51,704 57,486 23,804 2000 2004 Plaza at Marysville — 6,710 18,509 — 18 6,710 18,527 25,237 1,648 1995 2021 Pleasant Hill Commons — 3,350 10,076 — (611) 3,350 9,465 12,815 2,882 2008 2014 Pleasant Run Towne Crossing — 4,465 24,945 — 609 4,465 25,554 30,019 2,094 2004 2021 Portofino Shopping Center — 4,721 75,011 — 19,164 4,721 94,175 98,896 35,805 1999 2013 Publix at Woodruff — 1,783 6,361 — 875 1,783 7,236 9,019 4,553 1997 2012 Rampart Commons 7,336 1,136 42,174 — 750 1,136 42,924 44,060 15,602 2018 2014 Rangeline Crossing — 1,981 18,037 — 4,554 1,981 22,591 24,572 8,091 1986/2013 NA Reisterstown Road Plaza — 16,578 30,674 — 2,651 16,578 33,324 49,902 2,863 1986/2018 2021 Riverchase Plaza — 3,889 11,404 — 1,205 3,889 12,610 16,499 6,168 1991/2001 2006 Rivers Edge — 5,647 29,698 — 1,569 5,647 31,266 36,913 11,304 2011 2008 Rivery Towne Crossing — 5,230 2,430 — 996 5,230 3,426 8,656 273 2005 2021 Royal Oaks Village II — 3,462 9,092 — 709 3,462 9,802 13,264 770 2004 2021 Sawyer Heights Village — 18,720 19,644 — 44 18,720 19,688 38,408 1,346 2007 2021 Saxon Crossing — 3,764 15,430 — 734 3,764 16,164 19,928 4,902 2009 2014 Shoppes at Hagerstown — 6,796 16,038 — 264 6,796 16,302 23,098 1,126 2008 2021 Shoppes at Plaza Green — 3,749 23,853 — 1,827 3,749 25,680 29,429 10,278 2000 2012 Shoppes at Quarterfield — 4,105 8,708 — — 4,105 8,708 12,813 279 1999/2022 2021 Shoppes of Eastwood — 1,688 8,934 — 984 1,688 9,918 11,606 4,649 1997 2013 Shoppes of New Hope — 2,107 10,750 — 34 2,107 10,784 12,891 806 2004 2021 Shoppes of Prominence Point — 2,945 11,418 — 164 2,945 11,583 14,528 969 2004 2021 Shops at Eagle Creek — 2,121 8,728 — 4,345 2,121 13,073 15,194 6,594 1998 2003 Shops at Forest Commons — 1,616 9,358 — 431 1,616 9,789 11,405 758 2002 2021 Shops at Julington Creek — 2,372 7,300 — 288 2,372 7,588 9,960 2,037 2011 2014 Shops at Moore — 6,284 23,842 — 2,228 6,284 26,071 32,355 7,328 2010 2014 Shops at Park Place — 8,042 18,478 — 50 8,042 18,528 26,570 1,598 2001 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Silver Springs Pointe $ — $ 7,580 $ 4,947 $ — $ 311 $ 7,580 $ 5,258 $ 12,838 $ 2,095 2001 2014 Southlake Corners — 7,998 16,648 — 169 7,998 16,817 24,815 1,553 2004 2021 Southlake Town Square — 19,534 322,477 — 8,872 19,534 331,348 350,882 27,467 1998 2021 Stilesboro Oaks — 3,712 11,374 — 60 3,712 11,434 15,146 988 1997 2021 Stonebridge Plaza — 1,923 7,939 — 20 1,923 7,959 9,882 663 1997 2021 Stoney Creek Commons — 628 3,700 — 5,913 628 9,613 10,241 5,088 2000 NA Sunland Towne Centre — 14,774 22,542 — 4,370 14,774 26,912 41,686 13,090 1996 2004 Tacoma South — 30,058 3,358 — 26 30,058 3,384 33,442 304 1984 2021 Target South Center — 2,581 9,631 — — 2,581 9,631 12,212 839 1999 2021 Tarpon Bay Plaza — 3,855 23,796 — 3,114 3,855 26,910 30,765 10,032 2007 NA The Brickyard — 29,389 19,616 — 251 29,389 19,867 49,256 1,958 1977/2004 2021 The Corner 14,750 3,772 24,609 — 42 3,772 24,651 28,423 7,131 2008 2014 The Landing at Tradition — 17,605 46,217 — 8,261 17,605 54,478 72,083 14,991 2007 2014 The Shoppes at Union Hill 10,007 9,876 46,428 — 488 9,876 46,916 56,792 3,536 2003 2021 The Shops at Legacy — 14,864 119,901 — 1,596 14,864 121,497 136,361 9,782 2002 2021 Tollgate Marketplace — 11,963 65,457 — 3,404 11,963 68,861 80,824 5,733 1979/1994 2021 Toringdon Market — 5,448 9,539 — 423 5,448 9,962 15,410 3,636 2004 2013 Towson Square — 1,412 27,429 — 38 1,412 27,467 28,879 1,780 2014 2021 Traders Point — 11,135 42,894 — 2,469 11,135 45,364 56,499 25,916 2005 NA Tradition Village Center — 3,140 14,759 — 1,013 3,140 15,772 18,912 5,229 2006 2014 Tysons Corner — 13,334 10,483 — 28 13,334 10,511 23,845 584 1980/2013 2021 Village Shoppes at Simonton — 1,627 11,941 — 25 1,627 11,966 13,593 946 2004 2021 Walter's Crossing — 13,056 20,699 — 3,206 13,056 23,905 36,961 1,545 2005 2021 Watauga Pavilion — 5,511 24,169 — 83 5,511 24,251 29,762 1,879 2003 2021 Waterford Lakes Village — 2,317 6,324 — 3,004 2,317 9,328 11,645 5,729 1997 2004 Waxahachie Crossing — 1,411 15,698 — (257) 1,411 15,441 16,852 4,195 2010 2014 Winchester Commons — 2,119 9,612 — 11 2,119 9,623 11,742 912 1999 2021 Woodinville Plaza — 24,722 30,185 — 689 24,722 30,873 55,595 2,634 1981 2021 Total Operating Properties 233,621 1,834,931 5,248,506 8,454 320,357 1,843,385 5,568,863 7,412,248 1,088,947 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Office and Other Properties Thirty South Meridian $ — $ 1,643 $ 9,663 $ — $ 24,794 $ 1,643 $ 34,457 $ 36,100 $ 17,651 1905/2002 2001 Pan Am Plaza Garage — — 28,035 — 126 — 28,161 28,161 16,057 1986 2019 Union Station Parking Garage — 904 2,650 — 2,281 904 4,931 5,835 2,390 1986 2001 Total Office Properties — 2,547 40,347 — 27,202 2,547 67,549 70,096 36,099 Development and Redevelopment Projects Carillon — 28,239 3,714 — 25,966 28,239 29,680 57,919 338 2004 2021 Glendale Town Center — 1,494 44,063 (187) 17,640 1,307 61,704 63,011 35,764 N/A N/A Hamilton Crossing Centre — 3,514 2,017 (19) 103 3,495 2,121 5,616 — N/A N/A One Loudoun – Uptown — 92,452 — — 2 92,452 2 92,454 — N/A 2021 The Corner — — — — 175 — 175 175 — N/A N/A The Landing at Tradition – Phase II — — — — 6,527 — 6,527 6,527 — N/A N/A Total Development and Redevelopment Projects — 125,700 49,795 (206) 50,413 125,493 100,208 225,701 36,102 Other ** Bridgewater Marketplace — 1,103 — 291 — 1,394 — 1,394 — N/A N/A KRG Development — — — — — — — — — N/A N/A KRG New Hill — 1,824 — 37 — 1,861 — 1,861 — N/A N/A KRG Peakway — 3,833 — — — 3,833 — 3,833 — N/A N/A Pan Am Plaza — 14,044 — 3,396 — 17,440 — 17,440 — N/A N/A Total Other — 20,805 — 3,723 — 24,528 — 24,528 — Line of credit/Term loans/Unsecured notes 2,744,635 — — — — — — — — N/A N/A Grand Total $ 2,978,256 $ 1,983,982 $ 5,338,648 $ 11,971 $ 397,972 $ 1,995,953 $ 5,736,620 $ 7,732,573 $ 1,161,148 * This property or a portion of the property is subject to a ground lease for the land. ** This category generally includes land held for development. We also have certain additional land parcels at our development and operating properties, which amounts are included elsewhere in this table. The changes in investment properties for the years ended December 31, 2022, 2021, and 2020 are as follows: Year Ended December 31, 2022 2021 2020 Balance, beginning of year $ 7,584,735 $ 3,136,982 $ 3,079,616 Acquisitions related to the Merger (16,672) 4,440,768 — Acquisitions 99,064 15,263 63,570 Improvements 152,165 54,323 39,544 Disposals (86,719) (62,601) (45,748) Balance, end of year $ 7,732,573 $ 7,584,735 $ 3,136,982 The unaudited aggregate cost of investment properties for U.S. federal tax purposes as of December 31, 2022 was $8.0 billion. The changes in accumulated depreciation for the years ended December 31, 2022, 2021, and 2020 are as follows: Year Ended December 31, 2022 2021 2020 Balance, beginning of year $ 879,306 $ 750,119 $ 661,546 Depreciation expense 318,809 154,519 113,973 Disposals (36,967) (25,332) (25,400) Balance, end of year $ 1,161,148 $ 879,306 $ 750,119 Depreciation of investment properties reflected in the consolidated statements of operations and comprehensive income is calculated over the estimated original lives of the assets as follows: Buildings 20–35 years Building improvements 10–35 years Tenant improvements Term of related lease Furniture and fixtures 5–10 years All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the consolidated financial statements or notes thereto.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Investment Properties	Investment Properties Capitalization and Depreciation Investment properties are recorded at cost and include costs of land acquisition, development, pre-development, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Maintenance and repairs that do not extend the useful lives of the respective assets are reflected within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Pre-development costs are incurred prior to vertical construction and for certain land held for development during the due diligence phase and include contract deposits, legal, engineering, cost of internal resources and other professional fees related to evaluating the feasibility of developing or redeveloping a shopping center or other project. These pre-development costs are capitalized and included in construction in progress in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred pre-development costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation on buildings and improvements is computed using the straight-line method over estimated original useful lives ranging from 10 to 35 years. Depreciation on tenant allowances and tenant improvements is computed using the straight-line method over the term of the related lease. Depreciation on equipment and fixtures is computed using the straight-line method over five
Valuation of Investment Properties	Management reviews operational and development projects, land parcels and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated hold period, expected capital expenditures and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate.
Assets Held for Sale	Assets Held for Sale Operating properties will be classified as held for sale only when those properties are available for immediate sale in their present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. Operating properties classified as held for sale are carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. No properties qualified for held for sale accounting treatment as of December 31, 2022 and 2021.
Acquisition of Investment Properties	Acquisition of Investment Properties Upon acquisition of real estate operating properties, including those assets acquired in the Merger with RPAI, we estimate the fair value of acquired identifiable tangible assets and identified intangible assets and liabilities, assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition, based on evaluation of information and estimates available at that date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangibles, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of or addition to rental income over the term of the lease. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value are made using methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions and foregone costs and rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments.
Consolidation and Investments in Joint Ventures	Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development and management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2022, we owned investments in two consolidated joint ventures that were VIEs in which the partners did not have substantive participating rights and we were the primary beneficiary. As of December 31, 2022, these consolidated VIEs had mortgage debt of $28.3 million, which were secured by assets of the VIEs totaling $118.6 million. The Operating Partnership guarantees the mortgage debt of these VIEs. The Operating Partnership is considered a VIE as the limited partners do not hold kick-out rights or substantive participating rights. The Parent Company consolidates the Operating Partnership as it is the primary beneficiary in accordance with the VIE model.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that are in excess of the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits; however, the Company attempts to limit its exposure at any one time.
Restricted Cash and Escrow Deposits	Restricted Cash and Escrow Deposits Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements.
Short-Term Deposits	Short-Term Deposits During the year ended December 31, 2022, the Company used the proceeds from a $125.0 million short-term deposit that matured on April 7, 2022 to repay borrowings on the Company’s revolving line of credit. The deposit balance was held in a custody account at Bank of New York Mellon and earned interest at a rate of the Federal Funds Rate plus 43 basis points. Interest income earned on the deposit is recorded within “Other income (expense), net” on the accompanying consolidated statements of operations and comprehensive income.
Fair Value Measurements	Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value on the consolidated balance sheets are categorized based on the inputs to the valuation techniques as follows: • Level 1 fair value inputs are quoted prices in active markets for identical instruments to which we have access. • Level 2 fair value inputs are inputs other than quoted prices included in Level 1 that are observable for similar instruments, either directly or indirectly, and appropriately consider counterparty creditworthiness in the valuation. • Level 3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an instrument at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. As discussed in Note 9 to the consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Note 8 to the consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and 3 inputs. Note 3 to the consolidated financial statements includes a discussion of the fair values recorded for the assets acquired in the Merger with RPAI in 2021. Level 3 inputs to this transaction include our estimations of land values, net rental rates of anchor and small shop space and capitalization rates. Level 3 inputs to these transactions include our estimations of disposal values. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains or losses resulting from changes in the fair value of those derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or rate locks to mitigate interest rate risk on related financial instruments. Changes in the fair values of derivatives that qualify as cash flow hedges are recognized in other comprehensive income (“OCI”) while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. Gains and losses associated with the transaction are recorded in OCI and amortized over the underlying term of the hedged transaction. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2022 and 2021, all of our derivative instruments qualify for hedge accounting.
Revenue Recognition	Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that grant additional rents based on a tenant’s sales volume (contingent overage rent). Overage rent is recognized when tenants achieve the specified sales targets as defined in their lease agreements and is included within “Rental income” in the accompanying consolidated statements of operations and comprehensive income for the years ended December 31, 2022, 2021 and 2020. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies that may affect the collection of the outstanding receivables. These receivables are reduced for credit loss that is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past due account balances and consider such facts as the credit quality of our customer, historical write-off experience and current economic trends when evaluating the
Tenant and Other Receivables and Allowance for Uncollectible Accounts	Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and from tenants for non-rental revenue-related activities.
Concentration of Credit Risk	Concentration of Credit Risk We may be subject to concentrations of credit risk with regards to our cash and cash equivalents. We place cash and temporary cash investments with high-credit-quality financial institutions. From time to time, such cash and investments may temporarily be in excess of insurance limits. In addition, our leases with tenants potentially subject us to a concentration of credit risk related to our accounts receivable and revenue.
Earnings Per Share	Earnings Per Share Basic earnings per share or unit is calculated based on the weighted average number of common shares or units outstanding during the period. Diluted earnings per share or unit is determined based on the weighted average number of common shares or units outstanding during the period combined with the incremental average common shares or units that would have been outstanding assuming the conversion of all potentially dilutive common shares or units into common shares or units as of the earliest date possible.
Segment Reporting	Segment Reporting Our primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets. The Company’s chief operating decision maker (“CODM”), which is its Chief Executive Officer, reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The CODM measures and evaluates the financial performance of our portfolio of properties using net operating income, which consists of rental income less property operating expenses and real estate taxes, and does not distinguish or group our operations on a geographical or any other basis. Accordingly, we have aggregated our properties into one reportable segment for disclosure purposes in accordance with GAAP, as each property has similar economic characteristics, the Company provides similar services to its tenants and the Company’s CODM evaluates the collective performance of our properties.
Income Taxes and REIT Compliance	Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement, but distributes less than 100% of its taxable income, it will be subject to U.S. federal corporate income tax on its undistributed REIT taxable income. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate rates for a period of four years following the year in which qualification is lost. Additionally, for tax years beginning after December 31, 2022, we would possibly also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the nondeductible one percent excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC as a TRS of the Operating Partnership. In addition, in connection with the Merger, we assumed RPAI’s existing TRS, IWR Protective Corporation, as a TRS of the Operating Partnership and we may elect to treat other subsidiaries as TRSs in the future. This election enables us to receive income and provide services that would otherwise be impermissible for a REIT. Deferred tax assets and liabilities are established for temporary differences between the financial reporting bases and the tax bases of assets and liabilities at the tax rates expected to be in effect when the temporary differences reverse. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits within “Interest expense” and penalties within “General, administrative and other” expenses in the accompanying consolidated statements of operations and comprehensive income. Our tax return for the year ended December 31, 2022 has not been filed as of the filing date of this Annual Report on Form 10-K of the Parent Company and the Operating Partnership. The taxability information presented for our dividends paid in 2022 is based upon management’s estimate. Consequently, the taxability of dividends is subject to change. A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2022, 2021, and 2020 is as follows: 2022 2021 2020 Ordinary income 86.1 % 0.0 % 89.3 % Return of capital 0.0 % 13.4 % 0.0 % Capital gains 13.9 % 86.6 % 10.7 % Balance, end of year 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs.
Noncontrolling Interests	Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the consolidated financial statements. The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2022, 2021, and 2020 (in thousands) : 2022 2021 2020 Noncontrolling interests balance as of January 1, $ 5,146 $ 698 $ 698 Noncontrolling interests acquired in the Merger — 4,463 — Net loss (income) allocable to noncontrolling interests, excluding redeemable noncontrolling interests 224 (15) — Distributions to noncontrolling interests — — — Noncontrolling interests balance as of December 31, $ 5,370 $ 5,146 $ 698 Noncontrolling Interests – Joint Venture Prior to the Merger with RPAI, RPAI entered into a joint venture related to the development, ownership and operation of the multifamily rental portion of the expansion project at One Loudoun Downtown – Pads G & H. The Company owns 90% of the joint venture. As of December 31, 2022, the Company has funded $0.9 million of the partner’s development costs related to One Loudoun Downtown – Pads G & H through a loan provided by the Company to the joint venture. The loan is secured by the joint venture project, is required to be repaid subsequent to the completion of construction and stabilization of the project and is eliminated upon consolidation. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project (as defined in the joint venture agreement), the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. The Company expects that these conditions will be met in the second half of 2023. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partners’ interests as noncontrolling interests. Redeemable Noncontrolling Interests – Limited Partners Limited Partner Units are redeemable noncontrolling interests in the Operating Partnership. We classify redeemable noncontrolling interests in the Operating Partnership in the accompanying consolidated balance sheets outside of permanent equity because we may be required to pay cash to holders of Limited Partner Units upon redemption of their interests in the Operating Partnership or deliver registered shares upon their conversion. The carrying amount of the redeemable noncontrolling interests in the Operating Partnership is reflected at the greater of historical book value or redemption value with a corresponding adjustment to additional paid-in capital. As of December 31, 2022 and 2021, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balances were accordingly adjusted to redemption value. We allocate net operating results of the Operating Partnership after noncontrolling interests in the consolidated properties based on the partners’ respective weighted average ownership interest. We adjust the redeemable noncontrolling interests in the Operating Partnership at the end of each reporting period to reflect their interests in the Operating Partnership or redemption value. This adjustment is reflected in our shareholders’ and Parent Company’s equity. For the years ended December 31, 2022, 2021, and 2020, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2022 2021 2020 Parent Company’s weighted average interest in Operating Partnership 98.7 % 97.8 % 97.4 % Limited partners’ weighted average interests in Operating Partnership 1.3 % 2.2 % 2.6 % As of December 31, 2022, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.7% and 1.3%. As of December 31, 2021, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.9% and 1.1%. Concurrent with the Parent Company’s IPO and related formation transactions, certain individuals received Limited Partner Units of the Operating Partnership in exchange for their interests in certain properties. The limited partners have the right to redeem Limited Partner Units for cash or, at the Parent Company’s election, common shares of the Parent Company in an amount equal to the market value of an equivalent number of common shares of the Parent Company at the time of redemption. Such common shares must be registered, which is not fully in the Parent Company’s control. Therefore, the limited partners’ interest is not reflected in permanent equity. The Parent Company also has the right to redeem the Limited Partner Units directly from the limited partner in exchange for either cash in the amount specified above or a number of its common shares equal to the number of Limited Partner Units being redeemed. There were 2,870,697 and 2,377,777 Limited Partner Units outstanding as of December 31, 2022 and 2021, respectively. The increase in Limited Partner Units outstanding from December 31, 2021 is due to non-cash compensation awards made to our executive officers in the form of Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. As of December 31, 2021, the Class B units related to one of these joint ventures that owned Crossing at Killingly Commons, our multi-tenant retail property in Dayville, Connecticut, was outstanding and accounted for as noncontrolling interests in the remaining venture. In October 2022, the remaining Class B units became redeemable at the partner’s election and the fulfillment of certain redemption criteria for cash or Limited Partner Units in the Operating Partnership. In October 2022, we received notice from our joint venture partner of its exercise of their right to redeem the remaining Class B units for cash in the amount of $9.7 million, which redemption was funded using cash on October 3, 2022. Prior to the redemption, the Class B units did not have a maturity date and were not mandatorily redeemable unless either party had elected for the units to be redeemed. Prior to the redemption, we consolidated this joint venture because we controlled the decision-making and our joint venture partner had limited protective rights. Prior to the redemption, we classified the redeemable noncontrolling interests related to the remaining Class B units in the accompanying consolidated balance sheets outside of permanent equity because, under certain circumstances, we may have been required to pay cash to the Class B unitholders in this subsidiary upon redemption of their interests. The carrying amount of these redeemable noncontrolling interests is required to be reflected at the greater of initial book value or redemption value with a corresponding adjustment to additional paid-in capital. As of December 31, 2021, the redemption amounts of these interests did not exceed their fair value nor did they exceed the initial book value. The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2022, 2021, and 2020 were as follows (in thousands) : 2022 2021 2020 Redeemable noncontrolling interests balance as of January 1, $ 55,173 $ 43,275 $ 52,574 Net income (loss) allocable to redeemable noncontrolling interests 258 (901) 100 Distributions declared to redeemable noncontrolling interests (2,622) (2,208) (1,533) Payment for redemption of redeemable noncontrolling interests (10,070) — — Other, net including adjustments to redemption value 11,228 15,007 (7,866) Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 53,967 $ 55,173 $ 43,275 Limited partners’ interests in Operating Partnership $ 53,967 $ 45,103 $ 33,205 Other redeemable noncontrolling interests in certain subsidiaries — 10,070 10,070 Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 53,967 $ 55,173 $ 43,275
Effects of Accounting Pronouncements	Effects of Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848) , which contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. In March 2020, the Company elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future London Interbank Offered Rate (“LIBOR”)-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. During the year ended December 31, 2022, the Company elected to apply additional expedients related to contract modifications, changes in critical terms, and updates to the designated hedged risks as qualifying changes have been made to the applicable debt and derivative contracts. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Investment Properties	The following table summarizes the composition of the Company’s investment properties as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Land, buildings and improvements $ 7,656,765 $ 7,550,988 Construction in progress 75,808 41,360 Investment properties, at cost $ 7,732,573 $ 7,592,348
Summary of Cash, Cash Equivalents, and Restricted Cash	The following is a summary of our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2022, 2021, and 2020 (in thousands) : Year Ended December 31, 2022 2021 2020 Cash and cash equivalents $ 115,799 $ 93,241 $ 43,648 Restricted cash and escrow deposits 6,171 7,122 2,938 Total cash, cash equivalents and restricted cash $ 121,970 $ 100,363 $ 46,586
Schedule of Concentration by Risk Factor	For the year ended December 31, 2022, the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, New York, Virginia, and Indiana, was as follows: Texas 26.3 % Florida 9.9 % New York 6.9 % Virginia 6.8 % Indiana 6.4 %
Schedule of Tax Characterization of Dividends Paid	A summary of the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2022, 2021, and 2020 is as follows: 2022 2021 2020 Ordinary income 86.1 % 0.0 % 89.3 % Return of capital 0.0 % 13.4 % 0.0 % Capital gains 13.9 % 86.6 % 10.7 % Balance, end of year 100.0 % 100.0 % 100.0 %
Schedule of Noncontrolling Interests	The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2022, 2021, and 2020 (in thousands) : 2022 2021 2020 Noncontrolling interests balance as of January 1, $ 5,146 $ 698 $ 698 Noncontrolling interests acquired in the Merger — 4,463 — Net loss (income) allocable to noncontrolling interests, excluding redeemable noncontrolling interests 224 (15) — Distributions to noncontrolling interests — — — Noncontrolling interests balance as of December 31, $ 5,370 $ 5,146 $ 698
Schedule of Ownership Interests of the Parent Company and Limited Partners	For the years ended December 31, 2022, 2021, and 2020, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2022 2021 2020 Parent Company’s weighted average interest in Operating Partnership 98.7 % 97.8 % 97.4 % Limited partners’ weighted average interests in Operating Partnership 1.3 % 2.2 % 2.6 %
Summary of Redeemable Noncontrolling Interest	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2022, 2021, and 2020 were as follows (in thousands) : 2022 2021 2020 Redeemable noncontrolling interests balance as of January 1, $ 55,173 $ 43,275 $ 52,574 Net income (loss) allocable to redeemable noncontrolling interests 258 (901) 100 Distributions declared to redeemable noncontrolling interests (2,622) (2,208) (1,533) Payment for redemption of redeemable noncontrolling interests (10,070) — — Other, net including adjustments to redemption value 11,228 15,007 (7,866) Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 53,967 $ 55,173 $ 43,275 Limited partners’ interests in Operating Partnership $ 53,967 $ 45,103 $ 33,205 Other redeemable noncontrolling interests in certain subsidiaries — 10,070 10,070 Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 53,967 $ 55,173 $ 43,275

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Conversion of Acquired Shares	The number of RPAI common stock outstanding as of October 21, 2021 converted to shares of the Company’s common stock was determined as follows: RPAI common stock outstanding as of October 21, 2021 214,797,869 Exchange ratio 0.623 Company common shares issued for outstanding RPAI common stock 133,814,066 Company common shares issued for RPAI restricted stock units 1,117,399 Total Company common shares issued 134,931,465
Schedule of Purchase Price and Total Value of Equity Consideration Paid	The following table presents the purchase price and total value of equity consideration paid by the Company at the close of the Merger (in thousands except share price) : Price of Equity Total Value of Stock Consideration (1) As of October 21, 2021 $ 21.18 134,931 $ 2,847,369 (1) The total value of stock consideration is the total of the common shares issued multiplied by the closing price of the Company’s common stock on October 21, 2021 excluding the value of certain RPAI restricted stock that vested at the closing of the Merger and share awards assumed by the Company at the closing of the Merger.
Summary of Level 3 Assumptions Used in Determining Value of Acquired Assets	The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through the Merger with RPAI are as follows: Range of Assumptions Net rental rate per square foot – Anchors $4.00 to $45.00 Net rental rate per square foot – Small Shops $7.00 to $140.00 Capitalization rate 5.50% to 12.00% The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2022 2021 2020 Net rental rate per square foot – Anchors $20.50 to $40.00 N/A to N/A $22.50 to $27.50 Net rental rate per square foot – Small Shops $24.00 to $65.00 $31.50 to $45.00 $15.00 to $65.00 Discount rate 5.75% to 7.25% 9.0% 9.0%
Summary of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the final purchase price allocation, including the acquisition date fair value of the tangible and intangible assets acquired and liabilities assumed (in thousands) : Purchase Price Investment properties $ 4,424,096 Acquired lease intangible assets 536,342 Cash, accounts receivable and other assets 84,632 Total assets acquired 5,045,070 Mortgage and other indebtedness, net (1,848,476) Accounts payable, other liabilities, tenant security deposits and prepaid rent (176,391) In-place lease liabilities (168,371) Noncontrolling interests (4,463) Total liabilities assumed (2,197,701) Total purchase price $ 2,847,369 The following table details the weighted average amortization periods, in years, of the purchase price allocated to real estate and related intangible assets and liabilities acquired arising from the Merger: Weighted Average Land 10.2 Building 18.8 Tenant improvements 6.7 In-place lease intangibles 5.5 Above-market leases 5.7 Below-market leases (including below-market option periods) 20.5 Fair market value of debt adjustments 6.8 The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2022, 2021 and 2020 (in thousands) : Year Ended December 31, 2022 2021 2020 Investment properties, net $ 99,096 $ 13,488 $ 63,570 Lease-related intangible assets, net (1) 5,223 304 2,254 Other assets 11 — — Total acquired assets 104,330 13,792 65,824 Mortgage payable — 3,578 — Accounts payable and accrued expenses 1,140 100 280 Deferred revenue and other liabilities 2,855 189 246 Total assumed liabilities 3,995 3,867 526 Fair value of net assets acquired $ 100,335 $ 9,925 $ 65,298 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.7 years, 5.3 years and 3.2 years for asset acquisitions completed during the years ended December 31, 2022, 2021 and 2020, respectively.
Summary of Business Acquisition, Pro Forma Information	The pro forma financial information set forth below is based upon the Company’s historical consolidated statements of operations for the years ended December 31, 2021 and 2020, adjusted to give effect for the properties assumed through the Merger as if they were acquired as of January 1, 2020. The pro forma financial information is presented for informational purposes only and may not be indicative of what actual results of income would have been, nor does it purport to represent the results of income for future periods (in thousands, except per share data) . Year Ended December 31, 2021 2020 Rental income $ 740,954 $ 683,093 Net income (loss) $ 21,283 $ (109,775) Net income (loss) attributable to common shareholders $ 20,535 $ (107,341) Net income (loss) attributable to common shareholders per common share: Basic (1) $ 0.09 $ (0.49) Diluted (1) $ 0.09 $ (0.49) (1) The pro forma earnings for the year ended December 31, 2021 were adjusted to exclude $86.5 million of merger costs incurred while the pro forma earnings for the year ended December 31, 2020 were adjusted to include these costs.
Schedule Supplemental Non-Cash Investing and Financing Activities	The following table summarizes the Merger-related non-cash investing and financing activities for the year ended December 31, 2021 (in thousands) : Year Ended December 31, 2021 Investment properties $ 4,439,387 Acquired lease intangible assets $ 524,058 Mortgage and other indebtedness, net $ (1,848,476) In-place lease liabilities $ (171,378) Noncontrolling interests $ (4,463) Other assets and liabilities, net (1) $ (106,751) Company common shares issued in exchange for RPAI common stock $ (2,847,369) (1) Includes lease liabilities arising from obtaining right-of-use assets of $41,086, which was determined using an estimate of our incremental borrowing rate that was specific to each lease based upon the term and underlying asset with a weighted average incremental borrowing rate of 5.4%.
Schedule of Asset Acquisitions	The Company closed on the following asset acquisitions during the years ended December 31, 2022, 2021 and 2020 (dollars in thousands) : Date Property Name Metropolitan Property Type Square Acquisition February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 December 22, 2021 Nora Plaza Shops Indianapolis, IN Multi-tenant 23,722 $ 13,500 December 28, 2020 Eastgate Crossing Durham-Chapel Hill, NC Multi-tenant retail 156,275 $ 65,479

DISPOSITIONS (Tables)

DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Property Dispositions	The Company closed on the following dispositions during the years ended December 31, 2022, 2021 and 2020 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (1) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (2) — 10,000 (57) 100,016 $ 75,550 $ 27,069 October 26, 2021 Westside Market Dallas/Ft. Worth Multi-tenant retail 93,377 $ 24,775 $ 4,323 July 30, 2020 Courthouse Shadows Naples, FL Redevelopment — $ 14,000 $ 3,057 (1) Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. (2) The Company sold the ground lease interest in one tenant at an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Options Activity	The following table summarizes the option activity for the year ended December 31, 2022 (dollars in thousands except share and per share data) : Options Weighted Average Aggregate Weighted Average Remaining Outstanding as of January 1, 2022 1,250 $ 20.20 Exercised (1,250) 20.20 Outstanding as of December 31, 2022 — $ — $ — 0.00 Exercisable as of December 31, 2022 — $ — $ — 0.00 Exercisable as of December 31, 2021 1,250 $ 20.20 During the years ended December 31, 2020 and 2021, in connection with its annual review of executive compensation and as described in the table below, the Compensation Committee approved an aggregate grant of AO LTIP Units to the Company’s executive officers under the Equity Plan. Number of Participation Threshold Executive 2020 Awards 2021 Awards 2020 Awards 2021 Awards John A. Kite 1,729,729 477,612 $ 17.76 $ 16.69 Thomas K. McGowan 405,405 149,254 $ 17.76 $ 16.69 Heath R. Fear 275,675 119,403 $ 17.76 $ 16.69
Schedule of Restricted Share Activity	The following table summarizes the restricted share activity to employees and the Board of Trustees for the year ended December 31, 2022: Number of Weighted Average Restricted shares outstanding as of January 1, 2022 323,232 $ 18.27 Shares granted 206,855 21.15 Shares forfeited (17,674) 21.07 Shares vested (211,580) 18.38 Restricted shares outstanding as of December 31, 2022 300,833 $ 19.98 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2022, 2021, and 2020 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2022 206,855 $ 21.15 $ 4,459 2021 194,411 $ 19.85 $ 3,763 2020 211,476 $ 13.21 $ 2,727 The following table summarizes the activity for the restricted unit awards for the year ended December 31, 2022: Number of Weighted Average Restricted units outstanding as of January 1, 2022 414,441 $ 13.24 Restricted units granted 138,505 17.07 Restricted units vested (145,808) 13.60 Restricted units outstanding at December 31, 2022 407,138 $ 14.41 The following table summarizes the restricted unit grants and vestings during the years ended December 31, 2022, 2021, and 2020 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2022 138,505 $ 17.07 $ 3,173 2021 72,689 $ 14.26 $ 2,956 2020 431,913 $ 13.10 $ 1,784

DEFERRED COSTS AND INTANGIBLE_2

DEFERRED COSTS AND INTANGIBLES, NET (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Deferred Costs	As of December 31, 2022 and 2021, deferred costs consisted of the following (in thousands) : December 31, 2022 2021 Acquired lease intangible assets $ 522,152 $ 567,149 Deferred leasing costs and other 66,842 55,817 588,994 622,966 Less: accumulated amortization (179,166) (81,448) Total $ 409,828 $ 541,518
Schedule of Amortization From Acquired Lease Intangible Assets	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2023 $ 11,823 $ 92,095 $ 103,918 2024 9,583 63,858 73,441 2025 7,339 43,346 50,685 2026 5,368 29,834 35,202 2027 4,030 20,156 24,186 Thereafter 5,792 60,823 66,615 Total $ 43,935 $ 310,112 $ 354,047 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows (in thousands) : 2023 $ 17,582 2024 15,828 2025 14,158 2026 13,210 2027 11,219 Thereafter 116,818 Total $ 188,815
Summary of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of deferred leasing costs, lease intangibles and other $ 150,245 $ 45,423 $ 13,916 Amortization of above-market lease intangibles $ 13,562 $ 3,483 $ 999 (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of debt issuance costs $ 3,163 $ 2,681 $ 2,135

DEFERRED REVENUE, INTANGIBLES_2

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue and Other Liabilities	As of December 31, 2022 and 2021, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2022 2021 Unamortized in-place lease liabilities $ 188,815 $ 210,261 Retainages payable and other 12,110 10,796 Tenant rents received in advance 29,947 30,125 Lease liabilities 67,167 70,237 Total $ 298,039 $ 321,419
Schedule of Amortization of In-Place Lease Liabilities	The estimated net amounts of amortization from acquired lease intangible assets for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2023 $ 11,823 $ 92,095 $ 103,918 2024 9,583 63,858 73,441 2025 7,339 43,346 50,685 2026 5,368 29,834 35,202 2027 4,030 20,156 24,186 Thereafter 5,792 60,823 66,615 Total $ 43,935 $ 310,112 $ 354,047 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for each of the next five years and thereafter is as follows (in thousands) : 2023 $ 17,582 2024 15,828 2025 14,158 2026 13,210 2027 11,219 Thereafter 116,818 Total $ 188,815

MORTGAGE AND OTHER INDEBTEDNE_2

MORTGAGE AND OTHER INDEBTEDNESS (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Indebtedness	The following table summarizes the Company’s indebtedness as of December 31, 2022 and 2021 (in thousands) : December 31, 2022 2021 Mortgages payable $ 233,621 $ 392,590 Senior unsecured notes 1,924,635 1,924,635 Unsecured term loans 820,000 720,000 Unsecured revolving line of credit — 55,000 2,978,256 3,092,225 Unamortized discounts and premiums, net 44,362 69,425 Unamortized debt issuance costs, net (12,319) (10,842) Total mortgage and other indebtedness, net $ 3,010,299 $ 3,150,808 The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : December 31, 2022 December 31, 2021 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.23% due 2023 September 10, 2023 $ 95,000 4.23 % $ 95,000 4.23 % Senior notes – 4.58% due 2024 (1) June 30, 2024 149,635 4.58 % 149,635 4.58 % Senior notes – 4.00% due 2025 (2) March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – LIBOR + 3.65% due 2025 (3) September 10, 2025 80,000 8.41 % 80,000 3.86 % Senior notes – 4.08% due 2026 (1) September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – LIBOR + 3.75% due 2027 (4) September 10, 2027 75,000 8.51 % 75,000 3.96 % Senior notes – 4.24% due 2028 (1) December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 (1) June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 (2) September 15, 2030 400,000 4.75 % 400,000 4.75 % Total senior unsecured notes $ 1,924,635 $ 1,924,635 (1) Private placement notes assumed in connection with the Merger. (2) Publicly placed notes assumed in connection with the Merger. (3) $80,000 of 4.47% senior unsecured notes has been swapped to a variable rate of three-month LIBOR plus 3.65% through September 10, 2025. (4) $75,000 of 4.57% senior unsecured notes has been swapped to a variable rate of three-month LIBOR plus 3.75% through September 10, 2025. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2022 December 31, 2021 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2023 – fixed rate (1)(2) November 22, 2023 $ — — % $ 200,000 4.10 % Unsecured term loan due 2024 – fixed rate (1)(3) July 17, 2024 120,000 2.68 % 120,000 2.88 % Unsecured term loan due 2025 – fixed rate (4) October 24, 2025 250,000 5.09 % 250,000 5.09 % Unsecured term loan due 2026 – fixed rate (1)(5) July 17, 2026 150,000 2.73 % 150,000 2.97 % Unsecured term loan due 2029 – fixed rate (6) July 29, 2029 300,000 4.05 % — — % Total unsecured term loans $ 820,000 $ 720,000 Unsecured credit facility revolving line of credit – variable rate (7) January 8, 2026 $ — 5.56 % $ 55,000 1.20 % (1) Unsecured term loans assumed in connection with the Merger. (2) As of December 31, 2021, $200,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 2.85% plus a credit spread based on a leverage grid ranging from 1.20% to 1.85% through November 22, 2023. The applicable credit spread was 1.25% as of December 31, 2021. (3) As of December 31, 2022, $120,000 of Secured Overnight Financing Rate (“SOFR”)-based variable rate debt has been swapped to a fixed rate of 1.58% plus a credit spread based on a ratings grid ranging from 0.80% to 1.65% through July 17, 2024. The applicable credit spread was 1.10% as of December 31, 2022. As of December 31, 2021, $120,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 1.68% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2024. The applicable credit spread was 1.20% as of December 31, 2021. (4) As of December 31, 2022, $250,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 5.09% through October 24, 2025. As of December 31, 2021, $250,000 of LIBOR-based variable rate debt had been swapped to a fixed rate of 5.09% through October 24, 2025. The maturity date of the term loan may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions. (5) As of December 31, 2022, $150,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 1.68% plus a credit spread based on a ratings grid ranging from 0.75% to 1.60% through July 17, 2026. The applicable credit spread was 1.05% as of December 31, 2022. As of December 31, 2021, $150,000 of LIBOR-based variable rate debt had been swapped to a fixed rate 1.77% plus a credit spread based on a leverage grid ranging from 1.20% to 1.70% through July 17, 2026. The applicable credit spread was 1.20% as of December 31, 2021. (6) $300,000 of SOFR-based variable rate debt has been swapped to a fixed rate of 2.70% plus a credit spread based on a ratings grid ranging from 1.15% to 2.20% through November 22, 2023. The applicable credit spread was 1.35% as of December 31, 2022. (7) The revolving line of credit has two six-month extension options that the Company can exercise, at its election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. On July 29, 2022, SOFR replaced LIBOR as the interest reference rate for the revolving line of credit.
Schedule of Weighted Average Interest Rates and Maturities	Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2022, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 2,794,963 94 % 3.96 % 4.3 Variable rate debt (2) 183,293 6 % 8.08 % 3.2 Debt discounts, premiums and issuance costs, net 32,043 N/A N/A N/A Total $ 3,010,299 100 % 4.21 % 4.2 (1) Fixed rate debt includes the portion of variable rate debt that has been hedged by interest rate swaps. As of December 31, 2022, $820.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 2.7 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2022, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 2.7 years.
Schedule of Mortgages Payable	The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2022 December 31, 2021 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 205,328 3.98 % 1.4 $ 363,577 4.13 % 1.7 Variable rate mortgage payable (2) 28,293 5.96 % 0.6 29,013 1.70 % 0.1 Total mortgages payable $ 233,621 $ 392,590 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2022 and 2021. (2) On April 1, 2022, the interest rate on the variable rate mortgage switched to Bloomberg Short Term Bank Yield Index (“BSBY”) plus 160 basis points from LIBOR plus 160 basis points. The one-month BSBY rate was 4.36% as of December 31, 2022. The one-month LIBOR rate was 0.10% as of December 31, 2021.
Schedule of Revolving Credit Facility and Term Loans	The following table summarizes the key terms of the 2022 Revolving Facility as of December 31, 2022 (dollars in thousands) : Leverage-Based Pricing Investment Grade Pricing 2022 Credit Agreement Maturity Date Extension Option Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR Adjustment $1,100,000 unsecured revolving line of credit 1/8/2026 2 six 0.075% 1.05%–1.50% 0.15%–0.30% 0.725%–1.40% 0.125%–0.30% 0.10% The following table summarizes the key terms of the unsecured term loans as of December 31, 2022 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment Grade Pricing SOFR Adjustment $120,000 unsecured term loan due 2024 (1) 7/17/2024 1.20% – 1.70% 0.80% – 1.65% 0.10% $250,000 unsecured term loan due 2025 (2) 10/24/2025 2.00% – 2.55% 2.00% – 2.50% 0.10% $150,000 unsecured term loan due 2026 (1) 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) In July 2022, SOFR replaced LIBOR as the interest reference rate for these term loans. (2) In December 2022, SOFR replaced LIBOR as the interest reference rate for this term loan. In addition, the maturity date may be extended for up to three additional periods of one year each at the Operating Partnership’s option, subject to certain conditions.
Summary of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of deferred leasing costs, lease intangibles and other $ 150,245 $ 45,423 $ 13,916 Amortization of above-market lease intangibles $ 13,562 $ 3,483 $ 999 (in thousands) : Year Ended December 31, 2022 2021 2020 Amortization of debt issuance costs $ 3,163 $ 2,681 $ 2,135
Schedule of Maturities of Long-term Debt	The following table summarizes the scheduled maturities and principal amortization of the Company’s indebtedness as of December 31, 2022 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2023 $ 3,020 $ 189,390 $ 95,000 $ 287,410 2024 2,721 — 269,635 272,356 2025 2,848 — 680,000 682,848 2026 2,981 — 550,000 552,981 2027 3,120 — 250,000 253,120 Thereafter 27,061 2,480 900,000 929,541 $ 41,751 $ 191,870 $ 2,744,635 $ 2,978,256 Debt discounts, premiums and issuance costs, net 32,043 Total $ 3,010,299

DERIVATIVE INSTRUMENTS, HEDGI_2

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Terms and Fair Values of Derivative Financial Instruments	The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of December 31, 2022 and 2021 (dollars in thousands) : Fair Value Assets (Liabilities) (1) Type of Hedge Number of Instruments Aggregate Notional Reference Rate Interest Rate Effective Date Maturity Date December 31, 2022 December 31, 2021 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 7,134 $ (18,282) Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 3,616 — Cash Flow Two 200,000 SOFR 2.72 % 8/3/2022 11/22/2023 3,663 (7,769) Cash Flow Three 120,000 SOFR 1.58 % 8/15/2022 7/17/2024 5,461 (2,190) Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 10,896 (3,876) $ 820,000 $ 30,770 $ (32,117) Fair Value (2) Two $ 155,000 LIBOR LIBOR + 3.70% 4/23/2021 9/10/2025 $ (14,177) $ (2,630) Forward-Starting Cash Flow (3) Two $ 150,000 SOFR 1.356 % N/A 6/1/2032 $ — $ 299 Forward-Starting Cash Flow Two $ 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 $ 4,370 $ — (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of LIBOR plus 3.70%. (3) In December 2022, we terminated these two forward-starting interest rate swaps with notional amounts totaling $150.0 million and received proceeds of $30.9 million upon termination. This settlement is included as a component of accumulated other comprehensive income and will be reclassified to earnings over time as the hedged items are recognized in earnings.

LEASE INFORMATION (Tables)

LEASE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Summary of Rental Income Related to Operating Leases	Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2022, 2021 and 2020, respectively (in thousands) : Year Ended December 31, 2022 2021 2020 Fixed contractual lease payments – operating leases $ 615,773 $ 292,873 $ 218,004 Variable lease payments – operating leases 151,304 69,422 52,128 Bad debt reserve (6,027) (2,897) (13,259) Straight-line rent adjustments 17,031 4,674 1,155 Straight-line rent (reserve) recovery for uncollectibility (553) 716 (4,177) Amortization of in-place lease liabilities, net 4,821 2,611 3,819 Total $ 782,349 $ 367,399 $ 257,670
Schedule of Future Minimum Lease Payments to be Received	As of December 31, 2022, future minimum rentals to be received under non-cancelable operating leases for each of the next five years and thereafter, excluding variable lease payments and amounts deferred under lease concession agreements, are as follows (in thousands) : Lease Payments 2023 $ 613,776 2024 552,465 2025 474,145 2026 402,393 2027 323,087 Thereafter 1,088,663 Total $ 3,454,529
Schedule of Future Minimum Rental Payments for Operating Leases	As of December 31, 2022, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2023 $ 5,035 2024 5,044 2025 5,168 2026 5,174 2027 5,218 Thereafter 110,623 $ 136,262 Adjustment for discounting (69,095) Lease liabilities as of December 31, 2022 $ 67,167

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION - Additional Information (Details) $ in Thousands, ft² in Millions			12 Months Ended
	Oct. 22, 2021 USD ($) property	Oct. 21, 2021 USD ($)	Dec. 31, 2022 ft² property	Dec. 31, 2021 USD ($)
Retail Properties of America, Inc.
Organization [Line Items]
Merger transaction value | $	$ 4,700,000
Assumption of debt | $	$ 1,800,000			$ 1,800,000
Conversion rate of acquiree common shares	0.623
Purchase price of shares issued in merger | $	$ 2,800,000	$ 2,847,369
Operating retail properties
Organization [Line Items]
Number of real estate properties			183
Area of real estate properties (in square feet) | ft²			28.8
Operating retail properties | Consolidated Entities
Organization [Line Items]
Number of real estate properties			180
Operating retail properties | Equity Method Investee
Organization [Line Items]
Number of real estate properties			3
Operating retail properties | Retail Properties of America, Inc.
Organization [Line Items]
Number of real estate properties	100
Development properties
Organization [Line Items]
Number of real estate properties			3
Development properties | Retail Properties of America, Inc.
Organization [Line Items]
Number of real estate properties	5
Office properties
Organization [Line Items]
Number of real estate properties			1
Area of real estate properties (in square feet) | ft²			0.3
Operating retail properties with office components
Organization [Line Items]
Number of real estate properties			11
General Partner Units
Organization [Line Items]
General partner, ownership interest			98.70%
Kite Realty Group, L.P.
Organization [Line Items]
Limited partner, ownership interest			1.30%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Useful Life (Details)	12 Months Ended
	Dec. 31, 2022
Building and Improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Building and Improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	35 years
Fixtures and leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Fixtures and leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Investment Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Land, buildings and improvements	$ 7,656,765	$ 7,550,988
Construction in progress	75,808	41,360
Investment properties, at cost	$ 7,732,573	$ 7,592,348

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	1 Months Ended				12 Months Ended
	Oct. 31, 2022 USD ($)	Sep. 30, 2021 USD ($)	May 31, 2020 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2022 USD ($) segment joint_venture shares	Dec. 31, 2021 USD ($) joint_venture shares	Dec. 31, 2020 USD ($) shares	Jun. 29, 2018 USD ($) property
Accounting Policies [Line Items]
Variable interest entity, number of entities | joint_venture					2
Liabilities					$ 3,516,130,000	$ 3,657,209,000
Assets					$ 7,341,982,000	7,639,575,000
Number of investments in unconsolidated joint ventures | joint_venture					4
Payments to acquire equity method investments					$ 125,000	134,000	$ 541,000
Investment in short-term deposits					125,000,000	(125,000,000)	0
Gain on sales of operating properties, net					$ 4,500,000	$ 500,000	$ 5,900,000
Provision for credit losses, net of recoveries as percent of total revenues					0.70%	0.90%	6%
Weighted average limited partnership units outstanding, basic (in shares) | shares					2,800,000	2,500,000	2,200,000
Number of operating segments | segment					1
Limited partners' capital account, units outstanding (in shares) | shares					2,870,697	2,377,777
Variable Interest Entity, Primary Beneficiary
Accounting Policies [Line Items]
Liabilities					$ 28,300,000
Assets					$ 118,600,000
Fed Funds Effective Rate
Accounting Policies [Line Items]
Deposit balance basis point spread on interest rate					0.43%
Capital Unit, Class B
Accounting Policies [Line Items]
Number of joint ventures in which units are issued | joint_venture					3
Number of joint ventures in which units are issued, noncontrolling interest | joint_venture						1
Amount of joint venture redemption	$ 9,700,000
Operating Partnership
Accounting Policies [Line Items]
Noncontrolling interest, ownership percentage by parent					98.70%	98.90%
Noncontrolling interest, ownership percentage by noncontrolling owners					1.30%	1.10%
Three Property Retail Portfolio Joint Venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment								20%
Embassy Suites joint venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment				35%
Payments to acquire equity method investments				$ 1,400,000
Embassy Suites joint venture | Co-venturer
Accounting Policies [Line Items]
Construction loan payable					$ 33,500,000
Embassy Suites joint venture | Co-venturer | Construction Loan
Accounting Policies [Line Items]
Debt instrument, face amount					$ 33,800,000
Glendale multifamily joint venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment			12%
Glendale multifamily joint venture | Land
Accounting Policies [Line Items]
Contribution of property			$ 1,600,000
Buckingham joint venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment		50%
Buckingham joint venture | Land
Accounting Policies [Line Items]
Contribution of property		$ 4,000,000
One Loudoun Downtown - Pads G & H joint venture
Accounting Policies [Line Items]
Ownership percentage in equity method investment					90%
Payments to acquire equity method investments					$ 900,000
Livingston Shopping Center, Plaza Volente, and Tamiami Crossing | Three Property Retail Portfolio Joint Venture
Accounting Policies [Line Items]
Number of real estate properties | property								3
Consideration received								$ 99,800,000
Equity method investment								$ 10,000,000

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Cash and cash equivalents	$ 115,799	$ 93,241	$ 43,648
Restricted cash and escrow deposits	6,171	7,122	2,938
Total cash, cash equivalents and restricted cash	$ 121,970	$ 100,363	$ 46,586	$ 52,813

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Concentration Risk by Risk Factor (Details) - Geographic Concentration Risk - Tenant, Lease Revenue	12 Months Ended
	Dec. 31, 2022
Texas
Concentration Risk [Line Items]
Concentration risk, percentage	26.30%
Florida
Concentration Risk [Line Items]
Concentration risk, percentage	9.90%
New York
Concentration Risk [Line Items]
Concentration risk, percentage	6.90%
Virginia
Concentration Risk [Line Items]
Concentration risk, percentage	6.80%
Indiana
Concentration Risk [Line Items]
Concentration risk, percentage	6.40%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Tax Characterizations of Dividends Paid (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	100%	100%	100%
Ordinary income
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	86.10%	0%	89.30%
Return of capital
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	0%	13.40%	0%
Capital gains
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	13.90%	86.60%	10.70%

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance as of January 1,	$ 5,146	$ 698	$ 698
Noncontrolling interests acquired in the Merger	0	4,463	0
Net loss (income) allocable to noncontrolling interests, excluding redeemable noncontrolling interests	482	(916)	100
Distributions to noncontrolling interests	0	0	0
Noncontrolling interests balance as of December 31,	5,370	5,146	698
Excluding Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net loss (income) allocable to noncontrolling interests, excluding redeemable noncontrolling interests	$ 224	$ (15)	$ 0

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Parent Company’s weighted average interest in Operating Partnership	98.70%	97.80%	97.40%
Limited partners’ weighted average interests in Operating Partnership	1.30%	2.20%	2.60%

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES- Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income (loss) allocable to redeemable noncontrolling interests	$ 482	$ (916)	$ 100
Distributions declared to redeemable noncontrolling interests	0	0	0
Payment for redemption of redeemable noncontrolling interests	(9,654)		(2,500)
Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	55,173	43,275	52,574
Net income (loss) allocable to redeemable noncontrolling interests	258	(901)	100
Distributions declared to redeemable noncontrolling interests	(2,622)	(2,208)	(1,533)
Payment for redemption of redeemable noncontrolling interests	(10,070)	0	0
Other, net including adjustments to redemption value	11,228	15,007	(7,866)
Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	53,967	55,173	43,275
Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	53,967	55,173	43,275
Redeemable Noncontrolling Interests | Partnership Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	55,173	43,275
Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	53,967	55,173	43,275
Limited partners’ interests in Operating Partnership	53,967	45,103	33,205
Other redeemable noncontrolling interests in certain subsidiaries	0	10,070	10,070
Total limited partners’ interests in Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	$ 53,967	$ 55,173	$ 43,275

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) $ / shares in Units, $ in Thousands			2 Months Ended	12 Months Ended
	Oct. 22, 2021 USD ($)	Oct. 21, 2021 USD ($) property $ / shares	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Merger and acquisition costs				$ 925	$ 86,522	$ 0
Depreciation and amortization				469,805	200,460	$ 128,648
Retail Properties of America, Inc.
Business Acquisition [Line Items]
Purchase price of shares issued in merger	$ 2,800,000	$ 2,847,369
Share price (in dollars per share) | $ / shares		$ 21.18
Conversion rate of acquiree common shares	0.623
Merger and acquisition costs				$ 900	86,500
Assumption of debt	$ 1,800,000				1,800,000
Revenue since acquisition date			$ 94,900
Net loss since acquisition date			$ 22,800
Depreciation and amortization					$ 74,700
Fair value of assets acquired and liabilities assumed	$ 2,847,369
Retail Properties of America, Inc. | Retail operating property
Business Acquisition [Line Items]
Number of real estate properties | property		100
Retail Properties of America, Inc. | Development projects
Business Acquisition [Line Items]
Number of real estate properties | property		5

ACQUISITIONS - Conversion of Sh

ACQUISITIONS - Conversion of Shares (Details)	Oct. 22, 2021 shares	Oct. 21, 2021 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Common shares, shares outstanding (in shares)			219,185,658	218,949,569
Retail Properties of America, Inc.
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Exchange ratio	0.623
Company common shares issued for outstanding RPAI common stock (in shares)	133,814,066
Company common shares issued for RPAI restricted stock units (in shares)	1,117,399
Total company common shares issued (in shares)	134,931,465	134,931,000
Retail Properties of America, Inc.
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Common shares, shares outstanding (in shares)		214,797,869

ACQUISITIONS - Purchase Price a

ACQUISITIONS - Purchase Price and Value of Equity Consideration (Details) - Retail Properties of America, Inc. - USD ($) $ / shares in Units, $ in Thousands	Oct. 22, 2021	Oct. 21, 2021
Business Acquisition [Line Items]
Price of Company common shares (in dollars per share)		$ 21.18
Equity consideration given - Company common shares issued (in shares)	134,931,465	134,931,000
Total value of stock consideration	$ 2,800,000	$ 2,847,369

ACQUISITIONS - Level 3 Assumpti

ACQUISITIONS - Level 3 Assumptions Used in Determining Value of Acquired Assets (Details) - Valuation, Income Approach		12 Months Ended
	Oct. 22, 2021 $ / ft²	Dec. 31, 2022 $ / ft²	Dec. 31, 2021 $ / ft²	Dec. 31, 2020 $ / ft²
Net rental rate per square foot – Anchors | Real Estate Asset Acquisition | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		20.50		22.50
Net rental rate per square foot – Anchors | Real Estate Asset Acquisition | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		40		27.50
Net rental rate per square foot – Small Shops | Real Estate Asset Acquisition | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		24	31.50	15
Net rental rate per square foot – Small Shops | Real Estate Asset Acquisition | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		65	45	65
Capitalization rate | Real Estate Asset Acquisition | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.0575	0.090
Capitalization rate | Real Estate Asset Acquisition | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input		0.0725		0.090
Retail Properties of America, Inc. | Net rental rate per square foot – Anchors | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	4
Retail Properties of America, Inc. | Net rental rate per square foot – Anchors | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	45
Retail Properties of America, Inc. | Net rental rate per square foot – Small Shops | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	7
Retail Properties of America, Inc. | Net rental rate per square foot – Small Shops | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	140
Retail Properties of America, Inc. | Capitalization rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0550
Retail Properties of America, Inc. | Capitalization rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.1200

ACQUISITIONS - Fair Value of As

ACQUISITIONS - Fair Value of Assets Acquired and Liabilities Assumed (Details) - Retail Properties of America, Inc. $ in Thousands	Oct. 22, 2021 USD ($)
Business Acquisition [Line Items]
Investment properties	$ 4,424,096
Acquired lease intangible assets	536,342
Cash, accounts receivable and other assets	84,632
Total acquired assets	5,045,070
Mortgage and other indebtedness, net	(1,848,476)
Accounts payable, other liabilities, tenant security deposits and prepaid rent	(176,391)
In-place lease liabilities	(168,371)
Noncontrolling interests	(4,463)
Total assumed liabilities	(2,197,701)
Total purchase price	$ 2,847,369

ACQUISITIONS - Schedule of Weig

ACQUISITIONS - Schedule of Weighted Average Amortization Periods of Assets and Liabilities Acquired (Details) - Retail Properties of America, Inc.	Oct. 22, 2021
Land
Business Acquisition [Line Items]
Weighted average amortization period (in years)	10 years 2 months 12 days
Building
Business Acquisition [Line Items]
Weighted average amortization period (in years)	18 years 9 months 18 days
Tenant improvements
Business Acquisition [Line Items]
Weighted average amortization period (in years)	6 years 8 months 12 days
In-place lease intangibles
Business Acquisition [Line Items]
Weighted average amortization period (in years)	5 years 6 months
Above-market leases
Business Acquisition [Line Items]
Weighted average amortization period (in years)	5 years 8 months 12 days
Below-market leases (including below-market option periods)
Business Acquisition [Line Items]
Weighted average amortization period (in years)	20 years 6 months
Fair market value of debt adjustments
Business Acquisition [Line Items]
Weighted average amortization period (in years)	6 years 9 months 18 days

ACQUISITIONS - Schedule of Pro

ACQUISITIONS - Schedule of Pro Forma Information (Details) - Retail Properties of America, Inc. - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Rental income	$ 740,954,000	$ 683,093,000
Net income (loss)	21,283,000	(109,775,000)
Net income (loss) attributable to common shareholders	$ 20,535,000	$ (107,341,000)
Net income (loss) attributable to common shareholders per common share, basic (in dollars per share)	$ 0.09	$ (0.49)
Net income (loss) attributable to common shareholders per common share, diluted (in dollars per share)	$ 0.09	$ (0.49)
Merger costs	$ 86,500

ACQUISITIONS - Schedule Supplem

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

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisitions (Details) $ in Thousands						12 Months Ended
	Jul. 15, 2022 USD ($) ft²	Apr. 13, 2022 USD ($) ft²	Feb. 16, 2022 USD ($) ft²	Dec. 21, 2021 USD ($)	Dec. 28, 2020 USD ($) ft²	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2022 a	Dec. 22, 2021 ft²
Asset Acquisition [Line Items]
Square footage						210,849	98
Acquisition price						$ 101,770
Pebble Marketplace
Asset Acquisition [Line Items]
Square footage | ft²			85,796
Acquisition price			$ 44,100
MacArthur Crossing
Asset Acquisition [Line Items]
Square footage | ft²		56,077
Acquisition price		$ 21,920
Palms Plaza
Asset Acquisition [Line Items]
Square footage | ft²	68,976
Acquisition price	$ 35,750
Nora Plaza Shops
Asset Acquisition [Line Items]
Square footage | ft²								23,722
Acquisition price				$ 13,500
Eastgate Crossing
Asset Acquisition [Line Items]
Square footage | ft²					156,275
Acquisition price					$ 65,479

ACQUISITIONS - Schedule of As_2

ACQUISITIONS - Schedule of Asset Acquisition Assets Acquired and Liabilities Assumed (Details) - Real Estate Asset Acquisition - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Asset Acquisition [Line Items]
Investment properties, net	$ 99,096	$ 13,488	$ 63,570
Lease-related intangible assets, net	5,223	304	2,254
Other assets	11	0	0
Total acquired assets	104,330	13,792	65,824
Mortgage payable	0	3,578	0
Accounts payable and accrued expenses	1,140	100	280
Deferred revenue and other liabilities	2,855	189	246
Total assumed liabilities	3,995	3,867	526
Fair value of net assets acquired	$ 100,335	$ 9,925	$ 65,298
Lease Agreements
Asset Acquisition [Line Items]
Weighted average amortization period (in years)	6 years 8 months 12 days	5 years 3 months 18 days	3 years 2 months 12 days

DISPOSITIONS - Schedule of Disp

DISPOSITIONS - Schedule of Dispositions (Details) - Disposed of by sale $ in Thousands						12 Months Ended
	Oct. 27, 2022 USD ($) ft² tenant	Jun. 16, 2022 USD ($) ft² rental	Jan. 26, 2022 USD ($) ft²	Oct. 26, 2021 USD ($) ft²	Jul. 30, 2020 USD ($) ft²	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²						100,016
Sales price						$ 75,550
Gain (loss)						$ 27,069	$ 27,600
Hamilton Crossing Centre
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²			0
Sales price			$ 6,900
Gain (loss)			$ 3,168
Plaza Del Lago
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		100,016
Sales price		$ 58,650
Gain (loss)		$ 23,958
Plaza Del Lago | Residential Real Estate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		8,800
Plaza Del Lago | Multifamily
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of multifamily rental units | rental		18
Lincoln Plaza – Lowe’s
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	0
Sales price	$ 10,000
Gain (loss)	$ (57)
Lincoln Plaza – Lowe’s | Multi-Tenant
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of tenants subject to a ground lease | tenant	1
Westside Market
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²				93,377
Sales price				$ 24,775
Gain (loss)				$ 4,323
Courthouse Shadows
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²					0
Sales price					$ 14,000
Gain (loss)					$ 3,057

DISPOSITIONS - Additional Infor

DISPOSITIONS - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) lease	Dec. 31, 2021 USD ($) ground_lease
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties subject to ground leases | lease	12
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]		Gain on sales of operating properties, net
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties subject to ground leases | ground_lease		17
Proceeds from sale of real estate		$ 42,000
Gain on disposal	$ 27,069	$ 27,600

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details)	1 Months Ended	12 Months Ended					24 Months Ended	36 Months Ended
	Jan. 31, 2022 shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares	Dec. 31, 2024 USD ($)	Dec. 31, 2025 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense				$ 10,300,000	$ 7,200,000	$ 5,600,000
Allocation of recognized period costs, capitalized amount				$ 1,300,000	$ 1,000,000	$ 1,200,000
Number of shares available for grant (in shares) | shares				6,372,430
Granted (in shares) | shares				0	0	0
Exercised (in shares) | shares				1,250	1,250	2,500
Exercises in period, intrinsic value				$ 3,300	$ 6,550	$ 2,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				5 years
Expiration period				10 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized				$ 3,400,000
Period for recognition				11 months 19 days
Restricted units granted (in shares) | shares				206,855	194,411	211,476
Restricted Shares | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense		$ 1,100,000	$ 2,100,000
Restricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				3 years
Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				5 years
Time-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized				$ 4,500,000
Period for recognition				1 year 4 months 24 days
Restricted units granted (in shares) | shares				138,505	72,689	431,913
Time-Based Restricted Stock Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense		$ 1,600,000	$ 2,000,000
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Consecutive trading days for appreciation threshold				20 days
AO LTIP Units - 2020 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense				$ 700,000	$ 700,000	$ 600,000
Compensation cost not yet recognized				$ 3,600,000
Period for recognition				5 years
Minimum appreciation threshold for vesting				15%
AO LTIP Units - 2020 Awards | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense								$ 700,000
AO LTIP Units - 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense				$ 1,000,000	900,000
Compensation cost not yet recognized					$ 3,000,000
Period for recognition				3 years
Minimum appreciation threshold for vesting				15%
AO LTIP Units - 2021 Awards | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense							$ 1,000,000
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted units granted (in shares) | shares	363,883
Service period	3 years
Performance component, cumulative annualized net operating income for executed new leases	0.60
Performance component, post-merger cash general and administrative expense synergies	0.20
Performance component, same property net operating income margin improvement	0.20
Vesting percentage	25%
2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) | shares				3,000,000

SHARE-BASED COMPENSATION - Opti

SHARE-BASED COMPENSATION - Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Options
Outstanding, beginning of period (in shares)	1,250
Exercised (in shares)	(1,250)	(1,250)	(2,500)
Outstanding, end of period (in shares)	0	1,250
Exercisable (in shares)	0	1,250
Weighted-Average Exercise Price
Outstanding, beginning of period (in dollars per share)	$ 20.20
Exercised (in dollars per share)	20.20
Outstanding, end of period (in dollars per share)	0	$ 20.20
Exercisable (in dollars per share)	$ 0	$ 20.20
Outstanding, aggregate intrinsic value	$ 0
Exercisable, aggregate intrinsic value	$ 0
Outstanding, remaining contractual term	0 years
Exercisable, remaining contractual term	0 years

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Share Activity (Details) - Restricted Shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Restricted Shares
Outstanding, beginning balance (in shares)	323,232
Shares granted (in shares)	206,855	194,411	211,476
Shares forfeited (in shares)	(17,674)
Shares vested (in shares)	(211,580)
Outstanding, ending balance (in shares)	300,833	323,232
Weighted Average Grant Date Fair Value per share
Outstanding, beginning balance (in dollars per share)	$ 18.27
Shares granted (in dollars per share)	21.15	$ 19.85	$ 13.21
Shares forfeited (in dollars per share)	21.07
Shares vested (in dollars per share)	18.38
Outstanding, ending balance (in dollars per share)	$ 19.98	$ 18.27
Fair value of restricted shares vested	$ 4,459	$ 3,763	$ 2,727

SHARE-BASED COMPENSATION - Re_2

SHARE-BASED COMPENSATION - Restricted Unit Activity (Details) - Time-Based Restricted Stock Units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Restricted Units
Outstanding, beginning balance (in shares)	414,441
Restricted units granted (in shares)	138,505	72,689	431,913
Restricted units vested (in shares)	(145,808)
Outstanding, ending balance (in shares)	407,138	414,441
Weighted Average Grant Date Fair Value per unit
Outstanding, beginning balance (in dollars per share)	$ 13.24
Restricted units granted (in dollars per share)	17.07	$ 14.26	$ 13.10
Restricted units vested (in dollars per share)	13.60
Outstanding, ending balance (in dollars per share)	$ 14.41	$ 13.24
Vested in period, fair value	$ 3,173	$ 2,956	$ 1,784

SHARE-BASED COMPENSATION - AO L

SHARE-BASED COMPENSATION - AO LTIP Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	0	1,250
AO LTIP Units - 2020 Awards | John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		1,729,729
Participation threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2020 Awards | Thomas K. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		405,405
Participation threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2020 Awards | Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)		275,675
Participation threshold per AO LTIP Unit (in dollars per share)		$ 17.76
AO LTIP Units - 2021 Awards | John A. Kite
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	477,612
Participation threshold per AO LTIP Unit (in dollars per share)	$ 16.69
AO LTIP Units - 2021 Awards | Thomas K. McGowan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	149,254
Participation threshold per AO LTIP Unit (in dollars per share)	$ 16.69
AO LTIP Units - 2021 Awards | Heath R. Fear
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of AO LTIP Units (in shares)	119,403
Participation threshold per AO LTIP Unit (in dollars per share)	$ 16.69

DEFERRED COSTS AND INTANGIBLE_3

DEFERRED COSTS AND INTANGIBLES, NET - Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Acquired lease intangible assets	$ 522,152	$ 567,149
Deferred leasing costs and other	66,842	55,817
Deferred costs, gross	588,994	622,966
Less: accumulated amortization	(179,166)	(81,448)
Total	$ 409,828	$ 541,518

DEFERRED COSTS AND INTANGIBLE_4

DEFERRED COSTS AND INTANGIBLES, NET - Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
2023	$ 103,918
2024	73,441
2025	50,685
2026	35,202
2027	24,186
Thereafter	66,615
Total	354,047
Amortization of above-market leases
Finite-Lived Intangible Assets [Line Items]
2023	11,823
2024	9,583
2025	7,339
2026	5,368
2027	4,030
Thereafter	5,792
Total	43,935
Amortization of acquired lease intangible assets
Finite-Lived Intangible Assets [Line Items]
2023	92,095
2024	63,858
2025	43,346
2026	29,834
2027	20,156
Thereafter	60,823
Total	$ 310,112

DEFERRED COSTS AND INTANGIBLE_5

DEFERRED COSTS AND INTANGIBLES, NET - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 150,245	$ 45,423	$ 13,916
Amortization of above-market lease intangibles	$ 13,562	$ 3,483	$ 999

DEFERRED REVENUE, INTANGIBLES_3

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 188,815	$ 210,261
Retainages payable and other	12,110	10,796
Tenant rents received in advance	29,947	30,125
Lease liabilities	$ 67,167	$ 70,237
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Total	Total
Total	$ 298,039	$ 321,419
Amortization of below market lease intangibles	$ 18,400	$ 6,100	$ 4,800

DEFERRED REVENUE, INTANGIBLES_4

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Aggregate Amortization of Acquired Lease Intangibles (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Total	$ 354,047
In-place lease intangibles
Finite-Lived Intangible Assets [Line Items]
2023	17,582
2024	15,828
2025	14,158
2026	13,210
2027	11,219
Thereafter	116,818
Total	$ 188,815

MORTGAGE AND OTHER INDEBTEDNE_3

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gross debt	$ 2,978,256	$ 3,092,225
Unamortized discounts and premiums, net	44,362	69,425
Unamortized debt issuance costs, net	(12,319)	(10,842)
Total mortgage and other indebtedness, net	3,010,299	3,150,808
Unsecured revolving line of credit
Debt Instrument [Line Items]
Gross debt	0	55,000
Mortgages payable
Debt Instrument [Line Items]
Gross debt	233,621	392,590
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,924,635	1,924,635
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 720,000

MORTGAGE AND OTHER INDEBTEDNE_4

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Weighted Average Interest Rates and Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gross debt	$ 2,978,256	$ 3,092,225
Debt discounts, premiums and issuance costs, net	32,043
Total mortgage and other indebtedness, net	$ 3,010,299	$ 3,150,808
Ratio	100%
Weighted average interest rate	4.21%
Weighted average years to maturity	4 years 2 months 12 days
Fixed rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 2,794,963
Ratio	94%
Weighted average interest rate	3.96%
Weighted average years to maturity	4 years 3 months 18 days
Fixed rate debt considering hedges | Variable rate debt
Debt Instrument [Line Items]
Total mortgage and other indebtedness, net	$ 820,000
Weighted average years to maturity	2 years 8 months 12 days
Variable rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 183,293
Ratio	6%
Weighted average interest rate	8.08%
Weighted average years to maturity	3 years 2 months 12 days
Variable rate debt considering hedges | Fixed rate debt
Debt Instrument [Line Items]
Total mortgage and other indebtedness, net	$ 155,000
Weighted average years to maturity	2 years 8 months 12 days

MORTGAGE AND OTHER INDEBTEDNE_5

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Mortgages Payable (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 01, 2022	Dec. 31, 2022	Dec. 31, 2021
Participating Mortgage Loans [Line Items]
Gross debt		$ 2,978,256	$ 3,092,225
Weighted average interest rate		4.21%
Weighted average years to maturity		4 years 2 months 12 days
Mortgages payable
Participating Mortgage Loans [Line Items]
Gross debt		$ 233,621	392,590
Interest rate		4.31%
Mortgages payable | Fixed rate debt
Participating Mortgage Loans [Line Items]
Gross debt		$ 205,328	$ 363,577
Weighted average interest rate		3.98%	4.13%
Weighted average years to maturity		1 year 4 months 24 days	1 year 8 months 12 days
Mortgages payable | Fixed rate debt | Minimum
Participating Mortgage Loans [Line Items]
Interest rate		3.75%	3.75%
Mortgages payable | Fixed rate debt | Maximum
Participating Mortgage Loans [Line Items]
Interest rate		5.73%	5.73%
Mortgages payable | Variable rate debt
Participating Mortgage Loans [Line Items]
Gross debt		$ 28,293	$ 29,013
Weighted average interest rate		5.96%	1.70%
Weighted average years to maturity		7 months 6 days	1 month 6 days
Mortgages payable | Variable rate debt | Bloomberg Short Term Bank Yield Index
Participating Mortgage Loans [Line Items]
Credit spread	1.60%
Variable interest rate		4.36%
Mortgages payable | Variable rate debt | LIBOR
Participating Mortgage Loans [Line Items]
Credit spread	1.60%
Variable interest rate			0.10%

MORTGAGE AND OTHER INDEBTEDNE_6

MORTGAGE AND OTHER INDEBTEDNESS - Additional Information (Details)			1 Months Ended					12 Months Ended
	Apr. 01, 2022	Mar. 17, 2021 $ / shares	Dec. 31, 2022 USD ($) extension	Jul. 31, 2022 USD ($) extension	Oct. 31, 2021 USD ($)	Mar. 31, 2021 USD ($) day $ / shares	Aug. 31, 2015 USD ($)	Dec. 31, 2022 USD ($) extension	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jul. 29, 2022 USD ($)	Mar. 31, 2022 USD ($)	Oct. 22, 2021 USD ($)	Oct. 31, 2018 USD ($)	Sep. 30, 2016 USD ($)
Debt Instrument [Line Items]
Debt			$ 2,978,256,000					$ 2,978,256,000	$ 3,092,225,000
Average maturity								4 years 2 months 12 days
Net proceeds from offering								$ 455,000,000	215,000,000	$ 325,000,000
Purchase of capped calls									9,800,000
Letters of credit outstanding			1,500,000					1,500,000
Letters of credit outstanding, amount advanced			0					0
Interest costs capitalized								2,400,000	1,600,000	1,500,000
Percentage bearing fixed interest, amount			2,100,000,000					2,100,000,000
Percentage bearing variable interest, amount			$ 848,300,000					848,300,000
Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in the merger													$ 1,848,476,000
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Net proceeds from offering								$ 455,000,000	215,000,000	$ 325,000,000
Purchase of capped calls									$ 9,800,000
Unsecured revolving line of credit
Debt Instrument [Line Items]
Interest rate			5.56%					5.56%	1.20%
Debt			$ 0					$ 0	$ 55,000,000
Number of extension options | extension								2
Extension period								6 months
Reduction of interest rate margin upon achievement of sustainability metric								0.0001
Unsecured revolving line of credit | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Increase in line of credit facility				$ 250,000,000
Unsecured revolving line of credit				850,000,000
Line of credit facility, maximum borrowing capacity			1,100,000,000	1,100,000,000				$ 1,100,000,000
Increase limit				600,000,000
Line of credit facility, maximum borrowing capacity option				$ 2,000,000,000
Number of extension options | extension				2				2
Extension period				6 months				6 months
Unsecured revolving line of credit | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate				0.10%				0.10%
Fixed rate debt
Debt Instrument [Line Items]
Long-term debt, fair value			$ 2,000,000,000					$ 2,000,000,000
Fixed rate debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest			1.76%					1.76%
Fixed rate debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest			7.67%					7.67%
Variable rate debt
Debt Instrument [Line Items]
Long-term debt, fair value			$ 851,800,000					$ 851,800,000
Variable rate debt | Minimum
Debt Instrument [Line Items]
Percentage bearing fixed interest			5.41%					5.41%
Variable rate debt | Maximum
Debt Instrument [Line Items]
Percentage bearing fixed interest			6.36%					6.36%
Mortgages payable
Debt Instrument [Line Items]
Repayments of debt								$ 155,200,000
Interest rate			4.31%					4.31%
Scheduled principal payments								$ 3,800,000
Debt			$ 233,621,000					233,621,000	392,590,000
Mortgages payable | Fixed rate debt
Debt Instrument [Line Items]
Debt			$ 205,328,000					$ 205,328,000	$ 363,577,000
Average maturity								1 year 4 months 24 days	1 year 8 months 12 days
Mortgages payable | Fixed rate debt | Minimum
Debt Instrument [Line Items]
Interest rate			3.75%					3.75%	3.75%
Mortgages payable | Fixed rate debt | Maximum
Debt Instrument [Line Items]
Interest rate			5.73%					5.73%	5.73%
Mortgages payable | Variable rate debt
Debt Instrument [Line Items]
Debt			$ 28,293,000					$ 28,293,000	$ 29,013,000
Average maturity								7 months 6 days	1 month 6 days
Mortgages payable | Variable rate debt | LIBOR
Debt Instrument [Line Items]
Credit spread	1.60%
Senior unsecured notes
Debt Instrument [Line Items]
Debt			1,924,635,000					$ 1,924,635,000	$ 1,924,635,000
Senior unsecured notes | Private Placement Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate							4.41%
Debt							$ 250,000,000
Average maturity							9 years 9 months 18 days
Redemption price, percentage								100%
Senior unsecured notes | Private Placement Notes | Kite Realty Group, L.P. | Minimum
Debt Instrument [Line Items]
Minimum percentage of principal amount available to be redeemed								5%
Senior unsecured notes | Private Placement Notes | Kite Realty Group, L.P. | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in the merger					$ 450,000,000
Senior unsecured notes | Public Placement Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Redemption price, percentage								100%
Redemption period, prior to maturity date								3 months
Senior unsecured notes | Public Placement Notes | Kite Realty Group, L.P. | Retail Properties of America, Inc.
Debt Instrument [Line Items]
Debt assumed in the merger					750,000,000
Senior unsecured notes | Senior notes – 4.00% due 2026 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate															4%
Principal amount of debt issued															$ 300,000,000
Senior exchangeable notes
Debt Instrument [Line Items]
Interest rate						0.75%
Net proceeds from offering						$ 169,700,000
Interest expense								$ 1,300,000	1,600,000
Exchangeable conversion ratio						0.0396628
Conversion price (in dollars per share) | $ / shares						$ 25.21
Exchange premium, percent of closing price						25%
Senior exchangeable notes | Common shares
Debt Instrument [Line Items]
Common stock closing price (in dollars per share) | $ / shares		$ 20.17
Senior exchangeable notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate												0.75%
Redemption price, percentage						100%
Principal amount of debt issued												$ 175,000,000
Percentage of exchange price						130%
Trading days | day						20
Consecutive trading days | day						30
Senior exchangeable notes | Capped Call | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Exchange premium, percent of closing price						50%
Exchange price (in dollars per share) | $ / shares						$ 30.26
Purchase of capped calls								9,800,000
Unsecured term loans
Debt Instrument [Line Items]
Debt			$ 820,000,000					$ 820,000,000	$ 720,000,000
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Interest rate			2.68%					2.68%	2.88%
Debt			$ 120,000,000					$ 120,000,000	$ 120,000,000
Unsecured term loans | $120M unsecured term loan | SOFR
Debt Instrument [Line Items]
Debt			$ 120,000,000					$ 120,000,000
Percentage bearing fixed interest			1.58%					1.58%
Unsecured term loans | $120M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Debt									$ 120,000,000
Percentage bearing fixed interest									1.68%
Unsecured term loans | $120M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread								0.80%
Unsecured term loans | $120M unsecured term loan | Minimum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.20%
Unsecured term loans | $120M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread								1.65%
Unsecured term loans | $120M unsecured term loan | Maximum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.70%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt			$ 120,000,000		120,000,000			$ 120,000,000					120,000,000
Line of credit facility, maximum borrowing capacity					250,000,000
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate								0.10%
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Interest rate			2.73%					2.73%	2.97%
Debt			$ 150,000,000					$ 150,000,000	$ 150,000,000
Unsecured term loans | $150M unsecured term loan | SOFR
Debt Instrument [Line Items]
Debt			$ 150,000,000					$ 150,000,000
Percentage bearing fixed interest			1.68%					1.68%
Unsecured term loans | $150M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Debt									$ 150,000,000
Percentage bearing fixed interest									1.77%
Unsecured term loans | $150M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread								0.75%
Unsecured term loans | $150M unsecured term loan | Minimum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.20%
Unsecured term loans | $150M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread								1.60%
Unsecured term loans | $150M unsecured term loan | Maximum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.70%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt			$ 150,000,000		$ 150,000,000			$ 150,000,000					150,000,000
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate								0.10%
Unsecured term loans | $200M unsecured term loan
Debt Instrument [Line Items]
Interest rate			0%					0%	4.10%
Debt			$ 0					$ 0	$ 200,000,000
Unsecured term loans | $200M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Debt									$ 200,000,000
Percentage bearing fixed interest									2.85%
Unsecured term loans | $200M unsecured term loan | Minimum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.20%
Unsecured term loans | $200M unsecured term loan | Maximum | LIBOR
Debt Instrument [Line Items]
Credit spread									1.85%
Unsecured term loans | $200M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Principal amount of debt issued				$ 200,000,000							$ 200,000,000
Repayments of unsecured debt				200,000,000
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Interest rate			5.09%					5.09%	5.09%
Debt			$ 250,000,000					$ 250,000,000	$ 250,000,000
Number of extension options | extension								3
Extension period								1 year
Unsecured term loans | $250M unsecured term loan | SOFR
Debt Instrument [Line Items]
Debt			$ 250,000,000					$ 250,000,000
Percentage bearing fixed interest			5.09%					5.09%
Unsecured term loans | $250M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Debt									$ 250,000,000
Percentage bearing fixed interest									5.09%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt			$ 250,000,000					$ 250,000,000					$ 250,000,000
Line of credit facility, maximum borrowing capacity														$ 250,000,000
Number of extension options | extension			3
Extension period			1 year
Term loan, option to increase maximum borrowing capacity														$ 300,000,000
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate								0.10%
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Interest rate			4.05%					4.05%	0%
Debt			$ 300,000,000					$ 300,000,000	$ 0
Unsecured term loans | $300M unsecured term loan | SOFR
Debt Instrument [Line Items]
Debt			$ 300,000,000					$ 300,000,000
Percentage bearing fixed interest			2.70%					2.70%
Unsecured term loans | $300M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread								1.15%
Unsecured term loans | $300M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread								2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt			$ 300,000,000					$ 300,000,000
Principal amount of debt issued				$ 300,000,000							$ 300,000,000
Debt instrument, term				7 years
Reduction of interest rate margin upon achievement of sustainability metric				0.0001	0.0001
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate				0.10%				0.10%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread				1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread				2.20%

MORTGAGE AND OTHER INDEBTEDNE_7

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Senior Unsecured Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Gross debt	$ 2,978,256	$ 3,092,225
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	1,924,635	1,924,635
Senior unsecured notes | Senior notes – 4.23% due 2023
Debt Instrument [Line Items]
Gross debt	$ 95,000	$ 95,000
Interest rate	4.23%	4.23%
Senior unsecured notes | Senior notes - 4.58% due 2024
Debt Instrument [Line Items]
Gross debt	$ 149,635	$ 149,635
Interest rate	4.58%	4.58%
Senior unsecured notes | Senior notes - 4.00% due 2025
Debt Instrument [Line Items]
Gross debt	$ 350,000	$ 350,000
Interest rate	4%	4%
Senior unsecured notes | Senior notes - LIBOR + 3.65% due 2025
Debt Instrument [Line Items]
Gross debt	$ 80,000	$ 80,000
Interest rate	8.41%	3.86%
Interest rate, stated percentage	4.47%
Senior unsecured notes | Senior notes - LIBOR + 3.65% due 2025 | LIBOR
Debt Instrument [Line Items]
Credit spread	3.65%
Senior unsecured notes | Senior notes - 4.08% due 2026
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.08%	4.08%
Senior unsecured notes | Senior notes – 4.00% due 2026
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate	4%	4%
Senior unsecured notes | Senior notes - LIBOR + 3.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 75,000	$ 75,000
Interest rate	8.51%	3.96%
Interest rate, stated percentage	4.57%
Senior unsecured notes | Senior notes - LIBOR + 3.75% due 2027 | LIBOR
Debt Instrument [Line Items]
Credit spread	3.75%
Senior unsecured notes | Senior notes - 4.24% due 2028
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.24%	4.24%
Senior unsecured notes | Senior notes - 4.82% due 2029
Debt Instrument [Line Items]
Gross debt	$ 100,000	$ 100,000
Interest rate	4.82%	4.82%
Senior unsecured notes | Senior notes - 4.75% due 2030
Debt Instrument [Line Items]
Gross debt	$ 400,000	$ 400,000
Interest rate	4.75%	4.75%
Senior exchangeable notes
Debt Instrument [Line Items]
Interest rate, stated percentage			0.75%
Senior exchangeable notes | Senior exchangeable notes – 0.75% due 2027
Debt Instrument [Line Items]
Gross debt	$ 175,000	$ 175,000
Interest rate	0.75%	0.75%

MORTGAGE AND OTHER INDEBTEDNE_8

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Lines of Credit (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) extension	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Gross debt	$ 2,978,256	$ 3,092,225
Unsecured credit facility revolving line of credit - variable rate
Debt Instrument [Line Items]
Gross debt	$ 0	$ 55,000
Interest rate	5.56%	1.20%
Number of extension options | extension	2
Extension period	6 months
Extension fee percentage	0.00075
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 820,000	$ 720,000
Unsecured term loans | Unsecured term loan due 2023 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 0	$ 200,000
Interest rate	0%	4.10%
Unsecured term loans | Unsecured term loan due 2023 - fixed rate | LIBOR
Debt Instrument [Line Items]
Gross debt		$ 200,000
Percentage bearing fixed interest		2.85%
Variable interest rate		1.25%
Unsecured term loans | Unsecured term loan due 2023 - fixed rate | LIBOR | Minimum
Debt Instrument [Line Items]
Credit spread		1.20%
Unsecured term loans | Unsecured term loan due 2023 - fixed rate | LIBOR | Maximum
Debt Instrument [Line Items]
Credit spread		1.85%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 120,000	$ 120,000
Interest rate	2.68%	2.88%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | LIBOR
Debt Instrument [Line Items]
Gross debt		$ 120,000
Percentage bearing fixed interest		1.68%
Variable interest rate		1.20%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | LIBOR | Minimum
Debt Instrument [Line Items]
Credit spread		1.20%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | LIBOR | Maximum
Debt Instrument [Line Items]
Credit spread		1.70%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 120,000
Percentage bearing fixed interest	1.58%
Variable interest rate	1.10%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	0.80%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	1.65%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 250,000	$ 250,000
Interest rate	5.09%	5.09%
Number of extension options | extension	3
Extension period	1 year
Unsecured term loans | Unsecured term loan due 2025 - fixed rate | LIBOR
Debt Instrument [Line Items]
Gross debt		$ 250,000
Percentage bearing fixed interest		5.09%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 250,000
Percentage bearing fixed interest	5.09%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 150,000
Interest rate	2.73%	2.97%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | LIBOR
Debt Instrument [Line Items]
Gross debt		$ 150,000
Percentage bearing fixed interest		1.77%
Variable interest rate		1.20%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | LIBOR | Minimum
Debt Instrument [Line Items]
Credit spread		1.20%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | LIBOR | Maximum
Debt Instrument [Line Items]
Credit spread		1.70%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 150,000
Percentage bearing fixed interest	1.68%
Variable interest rate	1.05%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	0.75%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	1.60%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 0
Interest rate	4.05%	0%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR
Debt Instrument [Line Items]
Gross debt	$ 300,000
Percentage bearing fixed interest	2.70%
Variable interest rate	1.35%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR | Minimum
Debt Instrument [Line Items]
Credit spread	1.15%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | SOFR | Maximum
Debt Instrument [Line Items]
Credit spread	2.20%

MORTGAGE AND OTHER INDEBTEDNE_9

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

MORTGAGE AND OTHER INDEBTEDN_10

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Unsecured Term Loans Key Terms (Details)	1 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($) extension	Jul. 31, 2022	Dec. 31, 2022 USD ($) extension	Dec. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)	Oct. 22, 2021 USD ($)
Debt Instrument [Line Items]
Gross debt	$ 2,978,256,000		$ 2,978,256,000	$ 3,092,225,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	820,000,000		820,000,000	720,000,000
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Gross debt	120,000,000		120,000,000	120,000,000
Unsecured term loans | $120M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Gross debt				$ 120,000,000
Unsecured term loans | $120M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	120,000,000		$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Minimum | LIBOR
Debt Instrument [Line Items]
Credit spread				1.20%
Unsecured term loans | $120M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread			0.80%
Unsecured term loans | $120M unsecured term loan | Maximum | LIBOR
Debt Instrument [Line Items]
Credit spread				1.70%
Unsecured term loans | $120M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread			1.65%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	120,000,000		$ 120,000,000		$ 120,000,000	$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			1.20%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			0.80%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			1.70%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			1.65%
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Gross debt	250,000,000		$ 250,000,000	$ 250,000,000
Number of extension options | extension			3
Extension period			1 year
Unsecured term loans | $250M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Gross debt				250,000,000
Unsecured term loans | $250M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	250,000,000		$ 250,000,000
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 250,000,000		$ 250,000,000			250,000,000
Number of extension options | extension	3
Extension period	1 year
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			2%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			2.55%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			2.50%
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Gross debt	$ 150,000,000		$ 150,000,000	150,000,000
Unsecured term loans | $150M unsecured term loan | LIBOR
Debt Instrument [Line Items]
Gross debt				$ 150,000,000
Unsecured term loans | $150M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	150,000,000		$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Minimum | LIBOR
Debt Instrument [Line Items]
Credit spread				1.20%
Unsecured term loans | $150M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread			0.75%
Unsecured term loans | $150M unsecured term loan | Maximum | LIBOR
Debt Instrument [Line Items]
Credit spread				1.70%
Unsecured term loans | $150M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread			1.60%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	150,000,000		$ 150,000,000		$ 150,000,000	$ 150,000,000
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			1.20%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			0.75%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread			1.70%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			1.60%
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt	300,000,000		$ 300,000,000	$ 0
Unsecured term loans | $300M unsecured term loan | SOFR
Debt Instrument [Line Items]
Gross debt	300,000,000		$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread			1.15%
Unsecured term loans | $300M unsecured term loan | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread			2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt	$ 300,000,000		$ 300,000,000
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%	0.10%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | SOFR
Debt Instrument [Line Items]
Credit spread		1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | LIBOR | Investment grade pricing
Debt Instrument [Line Items]
Credit spread			2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | SOFR
Debt Instrument [Line Items]
Credit spread		2.20%

MORTGAGE AND OTHER INDEBTEDN_11

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 3,163	$ 2,681	$ 2,135

MORTGAGE AND OTHER INDEBTEDN_12

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Scheduled Principal Payments
2023	$ 3,020
2024	2,721
2025	2,848
2026	2,981
2027	3,120
Thereafter	27,061
Scheduled Principal Payments	41,751
Term Maturities
2023	189,390
2024	0
2025	0
2026	0
2027	0
Thereafter	2,480
Term Maturities	191,870
Unsecured Debt
2023	95,000
2024	269,635
2025	680,000
2026	550,000
2027	250,000
Thereafter	900,000
Unsecured Debt	2,744,635
Total
2023	287,410
2024	272,356
2025	682,848
2026	552,981
2027	253,120
Thereafter	929,541
Gross debt	2,978,256	$ 3,092,225
Debt discounts, premiums and issuance costs, net	32,043
Total mortgage and other indebtedness, net	$ 3,010,299	$ 3,150,808

DERIVATIVE INSTRUMENTS, HEDGI_3

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Additional Information (Details)	1 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) instrument derivative_contract agreement	Dec. 31, 2022 USD ($) instrument derivative_contract agreement	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jul. 31, 2022 USD ($)	Jul. 29, 2022 USD ($)	Oct. 31, 2021 USD ($)	Oct. 22, 2021 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 2,978,256,000	$ 2,978,256,000	$ 3,092,225,000
Gain (loss) reclassified from AOCI into income, effective portion, net		(7,300,000)	(7,700,000)	$ (4,000,000)
Interest expense		$ 104,276,000	60,447,000	50,399,000
$150M forward-starting interest rate swap maturing in 2032
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate swap contracts | instrument	2	2
Derivative, notional amount	$ 150,000,000	$ 150,000,000
Number of instruments terminated | derivative_contract	2	2
Proceeds received upon termination	$ 30,900,000
Increase as hedged forecasted interest payments occur
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense		$ 27,800,000
Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest expense		$ 104,276,000	60,447,000	$ 50,399,000
Kite Realty Group, L.P. | Interest rate swap, floating rate to fixed rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate swap contracts | derivative_contract	2	2
Derivative, notional amount	$ 200,000,000	$ 200,000,000
Percentage bearing variable interest	1.35%	1.35%
Kite Realty Group, L.P. | Interest rate swap, floating rate to fixed rate | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percentage bearing fixed interest	2.37%	2.37%
Kite Realty Group, L.P. | Interest rate swap, variable rate to fixed rate
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of interest rate swap contracts | agreement	2	2
Derivative, notional amount	$ 100,000,000	$ 100,000,000
Percentage bearing variable interest	1.35%	1.35%
Kite Realty Group, L.P. | Interest rate swap, variable rate to fixed rate | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percentage bearing fixed interest	2.66%	2.66%
Kite Realty Group, L.P. | $150M forward-starting interest rate swap maturing in 2032
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 150,000,000	$ 150,000,000
Number of instruments terminated | derivative_contract	2	2
Proceeds received upon termination	$ 30,900,000
Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	820,000,000	$ 820,000,000	720,000,000
$300M unsecured term loan | Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	300,000,000	300,000,000	0
$300M unsecured term loan | Unsecured term loans | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 300,000,000	$ 300,000,000
Percentage bearing fixed interest	2.70%	2.70%
Percentage bearing variable interest	1.35%	1.35%
$300M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, face amount					$ 300,000,000	$ 300,000,000
Gross debt	$ 300,000,000	$ 300,000,000
$120M unsecured term loan | Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	120,000,000	120,000,000	120,000,000
$120M unsecured term loan | Unsecured term loans | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 120,000,000	$ 120,000,000
Percentage bearing fixed interest	1.58%	1.58%
Percentage bearing variable interest	1.10%	1.10%
$120M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 120,000,000	$ 120,000,000					$ 120,000,000	$ 120,000,000
$150M unsecured term loan | Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	150,000,000	150,000,000	150,000,000
$150M unsecured term loan | Unsecured term loans | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 150,000,000	$ 150,000,000
Percentage bearing fixed interest	1.68%	1.68%
Percentage bearing variable interest	1.05%	1.05%
$150M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 150,000,000	$ 150,000,000					$ 150,000,000	150,000,000
$250M unsecured term loan | Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	250,000,000	250,000,000	250,000,000
$250M unsecured term loan | Unsecured term loans | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 250,000,000	$ 250,000,000
Percentage bearing fixed interest	5.09%	5.09%
$250M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 250,000,000	$ 250,000,000						$ 250,000,000
$200M unsecured term loan | Unsecured term loans
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross debt	$ 0	$ 0	$ 200,000,000
$200M unsecured term loan | Unsecured term loans | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, face amount					$ 200,000,000	$ 200,000,000

DERIVATIVE INSTRUMENTS, HEDGI_4

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Summary of Terms and Fair Value of Derivative Financial Instruments (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($) instrument derivative_contract	Dec. 31, 2022 USD ($) instrument derivative_contract	Dec. 31, 2021 USD ($)
Interest Rate Swap | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional	$ 820,000	$ 820,000
Fair value of assets (liabilities)	$ 30,770	$ 30,770	$ (32,117)
$250M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	4	4
Aggregate notional	$ 250,000	$ 250,000
Fair value of assets (liabilities)	$ 7,134	$ 7,134	(18,282)
$250M interest rate swap maturing in 2025 | Cash Flow | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.99%	2.99%
$100M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2	2
Aggregate notional	$ 100,000	$ 100,000
Fair value of assets (liabilities)	$ 3,616	$ 3,616	0
$100M interest rate swap maturing in 2025 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.66%	2.66%
$200M interest rate swap maturing in 2023 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2	2
Aggregate notional	$ 200,000	$ 200,000
Fair value of assets (liabilities)	$ 3,663	$ 3,663	(7,769)
$200M interest rate swap maturing in 2023 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.72%	2.72%
$120M interest rate swap maturing in 2024 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3	3
Aggregate notional	$ 120,000	$ 120,000
Fair value of assets (liabilities)	$ 5,461	$ 5,461	(2,190)
$120M interest rate swap maturing in 2024 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	1.58%	1.58%
$150M interest rate swap maturing in 2026 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3	3
Aggregate notional	$ 150,000	$ 150,000
Fair value of assets (liabilities)	$ 10,896	$ 10,896	(3,876)
$150M interest rate swap maturing in 2026 | Cash Flow | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	1.68%	1.68%
$155M interest rate swap maturing in 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blended fixed interest rate	4.52%	4.52%
$155M interest rate swap maturing in 2025 | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Blending floating interest rate	3.70%	3.70%
$155M interest rate swap maturing in 2025 | Fair Value
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2	2
Aggregate notional	$ 155,000	$ 155,000
Fair value of assets (liabilities)	$ (14,177)	$ (14,177)	(2,630)
$155M interest rate swap maturing in 2025 | Fair Value | LIBOR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Credit spread		3.70%
$150M forward-starting interest rate swap maturing in 2032
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2	2
Aggregate notional	$ 150,000	$ 150,000
Fair value of assets (liabilities)	$ 0	$ 0	299
Number of instruments terminated | derivative_contract	2	2
Proceeds received upon termination	$ 30,900
$150M forward-starting interest rate swap maturing in 2032 | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	1.356%	1.356%
$200M forward-starting interest rate swap maturing in 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2	2
Aggregate notional	$ 200,000	$ 200,000
Fair value of assets (liabilities)	$ 4,370	$ 4,370	$ 0
$200M forward-starting interest rate swap maturing in 2025 | SOFR
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest rate	2.37%	2.37%

LEASE INFORMATION - Lease Renta

LEASE INFORMATION - Lease Rental Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Fixed contractual lease payments – operating leases	$ 615,773	$ 292,873	$ 218,004
Variable lease payments – operating leases	151,304	69,422	52,128
Bad debt reserve	(6,027)	(2,897)	(13,259)
Straight-line rent adjustments	17,031	4,674	1,155
Straight-line rent (reserve) recovery for uncollectibility	(553)	716	(4,177)
Amortization of in-place lease liabilities, net	4,821	2,611	3,819
Total	$ 782,349	$ 367,399	$ 257,670

LEASE INFORMATION - Additional

LEASE INFORMATION - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2022 lease	Dec. 31, 2022 a
Operating Leased Assets [Line Items]
Operating lease, term of contract	7 years 1 month 6 days
Operating leases, overage rent	$ 5.9	$ 0.8	$ 0.2
Number of properties subject to ground leases | lease						12
Area of land (in acres)				210,849			98
Weighted average remaining term of ground leases	35 years
Ground lease expense	$ 3.9	2.8	1.9
Ground lease payments	$ 5.1	$ 2.6	$ 1.8
Minimum
Operating Leased Assets [Line Items]
Rent deferral term	12 months
Amount of rent deferred					$ 1.2
Extension option for ground leases	5 years
Length of extension options for ground leases	20 years
Maximum
Operating Leased Assets [Line Items]
Rent deferral term	18 months
Extension option for ground leases	10 years
Length of extension options for ground leases	25 years

LEASE INFORMATION - Future Mini

LEASE INFORMATION - Future Minimum Rentals (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 613,776
2024	552,465
2025	474,145
2026	402,393
2027	323,087
Thereafter	1,088,663
Total	$ 3,454,529

LEASE INFORMATION - Future Mi_2

LEASE INFORMATION - Future Minimum Lease Payments Due (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 5,035
2024	5,044
2025	5,168
2026	5,174
2027	5,218
Thereafter	110,623
Total	136,262
Adjustment for discounting	(69,095)
Lease liabilities	$ 67,167	$ 70,237

SHAREHOLDERS_ EQUITY - Addition

SHAREHOLDERS’ EQUITY - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 28, 2021	Feb. 23, 2021
Subsidiary, Sale of Stock [Line Items]
Dividends declared per common share (in dollars per share)		$ 0.24	$ 0.87	$ 0.72	$ 0.5995
Common shares, par value (in dollars per share)		$ 0.01	$ 0.01	$ 0.01
Aggregate value of shares authorized to be repurchased	$ 300					$ 150
Increase to value of shares authorized to be repurchased	$ 150
Number of shares repurchased (in shares)			0
ATM Offering Program
Subsidiary, Sale of Stock [Line Items]
Aggregate sales price of shares authorized to be sold under ATM program							$ 150
Common shares, par value (in dollars per share)							$ 0.01
Issuance of common shares under the ATM Program (in shares)			0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2017
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 1,500,000
Letters of credit outstanding, amount advanced	0
Embassy Suites joint venture
Loss Contingencies [Line Items]
Ownership percentage in equity method investment			35%
Embassy Suites joint venture | Payment guarantee
Loss Contingencies [Line Items]
Current value of obligation			$ 5,900,000
Embassy Suites joint venture | Payment guarantee | Construction contracts
Loss Contingencies [Line Items]
Current value of obligation	11,700,000
Embassy Suites joint venture | Co-venturer
Loss Contingencies [Line Items]
Construction loan payable	33,500,000
Embassy Suites joint venture | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties			$ 33,800,000
The Corner mixed-use project
Loss Contingencies [Line Items]
Construction loan payable	30,600,000
The Corner mixed-use project | Payment guarantee | Construction contracts
Loss Contingencies [Line Items]
Current value of obligation	$ 15,300,000
The Corner mixed-use project | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties		$ 66,200,000

RELATED PARTIES AND RELATED P_2

RELATED PARTIES AND RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Expenses from transactions with related parties	$ 0.3	$ 0.3	$ 0.5
Entities owned by members of management
Related Party Transaction [Line Items]
Revenue from related parties	$ 0.1	$ 0.1	$ 0.1

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Details) $ in Millions	2 Months Ended	12 Months Ended
	Feb. 21, 2023 USD ($) mortgagePayable	Dec. 31, 2022 USD ($)
Subsequent Event [Line Items]
Weighted average interest rate		4.21%
Mortgages payable
Subsequent Event [Line Items]
Repayments of debt		$ 155.2
Mortgages payable | Subsequent Event
Subsequent Event [Line Items]
Number of mortgages payable repaid | mortgagePayable	3
Repayments of debt	$ 128.5
Weighted average interest rate	3.83%

Schedule III - Consolidated R_2

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Consolidated Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate Properties [Line Items]
Encumbrances	$ 2,978,256
Initial cost, land	1,983,982
Initial cost, building & improvements	5,338,648
Cost capitalized subsequent to acquisition/development, land	11,971
Cost capitalized subsequent to acquisition/development, building and improvements	397,972
Gross carrying amount close of period, land	1,995,953
Gross carrying amount close of period, building and improvements	5,736,620
Total	7,732,573	$ 7,584,735	$ 3,136,982	$ 3,079,616
Accumulated Depreciation	1,161,148	$ 879,306	$ 750,119	$ 661,546
Operating Properties
Real Estate Properties [Line Items]
Encumbrances	233,621
Initial cost, land	1,834,931
Initial cost, building & improvements	5,248,506
Cost capitalized subsequent to acquisition/development, land	8,454
Cost capitalized subsequent to acquisition/development, building and improvements	320,357
Gross carrying amount close of period, land	1,843,385
Gross carrying amount close of period, building and improvements	5,568,863
Total	7,412,248
Accumulated Depreciation	1,088,947
Operating Properties | 12th Street Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,624
Initial cost, building & improvements	12,872
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	765
Gross carrying amount close of period, land	2,624
Gross carrying amount close of period, building and improvements	13,637
Total	16,261
Accumulated Depreciation	5,447
Operating Properties | 54th & College
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,672
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	2,672
Gross carrying amount close of period, building and improvements	0
Total	2,672
Accumulated Depreciation	0
Operating Properties | Arcadia Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,487
Initial cost, building & improvements	11,710
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	129
Gross carrying amount close of period, land	8,487
Gross carrying amount close of period, building and improvements	11,839
Total	20,326
Accumulated Depreciation	997
Operating Properties | Ashland & Roosevelt
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,806
Initial cost, building & improvements	25,531
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	44
Gross carrying amount close of period, land	9,806
Gross carrying amount close of period, building and improvements	25,575
Total	35,381
Accumulated Depreciation	2,016
Operating Properties | Avondale Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,723
Initial cost, building & improvements	10,073
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	33
Gross carrying amount close of period, land	6,723
Gross carrying amount close of period, building and improvements	10,106
Total	16,829
Accumulated Depreciation	699
Operating Properties | Bayonne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	47,809
Initial cost, building & improvements	43,747
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,052
Gross carrying amount close of period, land	47,809
Gross carrying amount close of period, building and improvements	45,798
Total	93,607
Accumulated Depreciation	15,892
Operating Properties | Bayport Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,005
Initial cost, building & improvements	20,705
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,601
Gross carrying amount close of period, land	7,005
Gross carrying amount close of period, building and improvements	25,306
Total	32,311
Accumulated Depreciation	9,936
Operating Properties | Bed Bath & Beyond Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,540
Initial cost, building & improvements	13,131
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	112
Gross carrying amount close of period, land	4,540
Gross carrying amount close of period, building and improvements	13,244
Total	17,784
Accumulated Depreciation	1,073
Operating Properties | Belle Isle Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,130
Initial cost, building & improvements	41,112
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,904
Gross carrying amount close of period, land	9,130
Gross carrying amount close of period, building and improvements	48,016
Total	57,146
Accumulated Depreciation	17,484
Operating Properties | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,407
Initial cost, building & improvements	8,595
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,326
Gross carrying amount close of period, land	3,407
Gross carrying amount close of period, building and improvements	9,921
Total	13,328
Accumulated Depreciation	4,447
Operating Properties | Burlington
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	2,773
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	29
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	2,802
Total	2,802
Accumulated Depreciation	2,747
Operating Properties | Castleton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,761
Initial cost, building & improvements	26,974
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,030
Gross carrying amount close of period, land	9,761
Gross carrying amount close of period, building and improvements	28,005
Total	37,766
Accumulated Depreciation	9,439
Operating Properties | Cedar Park Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,032
Initial cost, building & improvements	25,909
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	90
Gross carrying amount close of period, land	9,032
Gross carrying amount close of period, building and improvements	25,999
Total	35,031
Accumulated Depreciation	1,354
Operating Properties | Centennial Center
Real Estate Properties [Line Items]
Encumbrances	70,455
Initial cost, land	58,960
Initial cost, building & improvements	72,190
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,275
Gross carrying amount close of period, land	58,960
Gross carrying amount close of period, building and improvements	79,465
Total	138,425
Accumulated Depreciation	34,096
Operating Properties | Centennial Gateway
Real Estate Properties [Line Items]
Encumbrances	23,962
Initial cost, land	5,305
Initial cost, building & improvements	48,559
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	906
Gross carrying amount close of period, land	5,305
Gross carrying amount close of period, building and improvements	49,465
Total	54,770
Accumulated Depreciation	16,272
Operating Properties | Central Texas Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,711
Initial cost, building & improvements	30,122
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,102
Gross carrying amount close of period, land	15,711
Gross carrying amount close of period, building and improvements	31,225
Total	46,936
Accumulated Depreciation	2,749
Operating Properties | Centre at Laurel
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,122
Initial cost, building & improvements	34,661
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	225
Gross carrying amount close of period, land	6,122
Gross carrying amount close of period, building and improvements	34,886
Total	41,008
Accumulated Depreciation	2,435
Operating Properties | Centre Point Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,918
Initial cost, building & improvements	22,285
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	392
Gross carrying amount close of period, land	2,918
Gross carrying amount close of period, building and improvements	22,676
Total	25,594
Accumulated Depreciation	7,583
Operating Properties | Chantilly Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,309
Initial cost, building & improvements	17,649
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	349
Gross carrying amount close of period, land	12,309
Gross carrying amount close of period, building and improvements	17,998
Total	30,307
Accumulated Depreciation	1,313
Operating Properties | Chapel Hill Shopping Center
Real Estate Properties [Line Items]
Encumbrances	18,250
Initial cost, land	0
Initial cost, building & improvements	34,979
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,312
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	37,291
Total	37,291
Accumulated Depreciation	13,018
Operating Properties | Circle East
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,188
Initial cost, building & improvements	24,122
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,188
Gross carrying amount close of period, building and improvements	24,122
Total	25,310
Accumulated Depreciation	915
Operating Properties | City Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,565
Initial cost, building & improvements	179,714
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,849
Gross carrying amount close of period, land	20,565
Gross carrying amount close of period, building and improvements	184,563
Total	205,128
Accumulated Depreciation	61,467
Operating Properties | Clearlake Shores Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,845
Initial cost, building & improvements	6,622
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	177
Gross carrying amount close of period, land	3,845
Gross carrying amount close of period, building and improvements	6,799
Total	10,644
Accumulated Depreciation	555
Operating Properties | Coal Creek Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,397
Initial cost, building & improvements	11,664
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	54
Gross carrying amount close of period, land	9,397
Gross carrying amount close of period, building and improvements	11,718
Total	21,115
Accumulated Depreciation	1,005
Operating Properties | Cobblestone Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,374
Initial cost, building & improvements	44,608
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,113
Gross carrying amount close of period, land	10,374
Gross carrying amount close of period, building and improvements	47,721
Total	58,095
Accumulated Depreciation	16,598
Operating Properties | Colleyville Downs
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,446
Initial cost, building & improvements	38,533
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,712
Gross carrying amount close of period, land	5,446
Gross carrying amount close of period, building and improvements	41,245
Total	46,691
Accumulated Depreciation	17,617
Operating Properties | Colonial Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,521
Initial cost, building & improvements	18,696
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,846
Gross carrying amount close of period, land	7,521
Gross carrying amount close of period, building and improvements	21,542
Total	29,063
Accumulated Depreciation	6,653
Operating Properties | Colony Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,300
Initial cost, building & improvements	18,838
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	449
Gross carrying amount close of period, land	20,300
Gross carrying amount close of period, building and improvements	19,288
Total	39,588
Accumulated Depreciation	1,960
Operating Properties | Commons at Temecula
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,966
Initial cost, building & improvements	44,730
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	302
Gross carrying amount close of period, land	18,966
Gross carrying amount close of period, building and improvements	45,032
Total	63,998
Accumulated Depreciation	4,017
Operating Properties | Cool Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,062
Initial cost, building & improvements	12,769
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,226
Gross carrying amount close of period, land	6,062
Gross carrying amount close of period, building and improvements	17,995
Total	24,057
Accumulated Depreciation	8,050
Operating Properties | Cool Springs Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,644
Initial cost, building & improvements	22,852
Cost capitalized subsequent to acquisition/development, land	40
Cost capitalized subsequent to acquisition/development, building and improvements	7,170
Gross carrying amount close of period, land	12,684
Gross carrying amount close of period, building and improvements	30,022
Total	42,706
Accumulated Depreciation	13,416
Operating Properties | Coppell Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,052
Initial cost, building & improvements	11,286
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	104
Gross carrying amount close of period, land	5,052
Gross carrying amount close of period, building and improvements	11,390
Total	16,442
Accumulated Depreciation	982
Operating Properties | Coram Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,992
Initial cost, building & improvements	23,021
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	91
Gross carrying amount close of period, land	6,992
Gross carrying amount close of period, building and improvements	23,112
Total	30,104
Accumulated Depreciation	1,702
Operating Properties | Crossing at Killingly Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,999
Initial cost, building & improvements	34,968
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,084
Gross carrying amount close of period, land	21,999
Gross carrying amount close of period, building and improvements	36,051
Total	58,050
Accumulated Depreciation	13,477
Operating Properties | Cypress Mill Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,320
Initial cost, building & improvements	10,111
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	71
Gross carrying amount close of period, land	6,320
Gross carrying amount close of period, building and improvements	10,182
Total	16,502
Accumulated Depreciation	804
Operating Properties | Davis Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	995
Initial cost, building & improvements	8,969
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	129
Gross carrying amount close of period, land	995
Gross carrying amount close of period, building and improvements	9,098
Total	10,093
Accumulated Depreciation	657
Operating Properties | Delray Marketplace
Real Estate Properties [Line Items]
Encumbrances	28,293
Initial cost, land	18,750
Initial cost, building & improvements	86,955
Cost capitalized subsequent to acquisition/development, land	1,284
Cost capitalized subsequent to acquisition/development, building and improvements	7,739
Gross carrying amount close of period, land	20,034
Gross carrying amount close of period, building and improvements	94,694
Total	114,728
Accumulated Depreciation	30,497
Operating Properties | Denton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,257
Initial cost, building & improvements	39,188
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	403
Gross carrying amount close of period, land	8,257
Gross carrying amount close of period, building and improvements	39,591
Total	47,848
Accumulated Depreciation	3,309
Operating Properties | De Pauw University Bookstore & Cafe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	64
Initial cost, building & improvements	663
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	45
Gross carrying amount close of period, land	64
Gross carrying amount close of period, building and improvements	708
Total	772
Accumulated Depreciation	511
Operating Properties | Downtown Crown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	25,759
Initial cost, building & improvements	77,137
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,241
Gross carrying amount close of period, land	25,759
Gross carrying amount close of period, building and improvements	78,377
Total	104,136
Accumulated Depreciation	3,925
Operating Properties | Draper Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,054
Initial cost, building & improvements	27,142
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,104
Gross carrying amount close of period, land	9,054
Gross carrying amount close of period, building and improvements	29,246
Total	38,300
Accumulated Depreciation	10,707
Operating Properties | Draper Peaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,498
Initial cost, building & improvements	46,910
Cost capitalized subsequent to acquisition/development, land	522
Cost capitalized subsequent to acquisition/development, building and improvements	5,829
Gross carrying amount close of period, land	12,020
Gross carrying amount close of period, building and improvements	52,739
Total	64,759
Accumulated Depreciation	15,255
Operating Properties | East Stone Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,766
Initial cost, building & improvements	21,920
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	143
Gross carrying amount close of period, land	3,766
Gross carrying amount close of period, building and improvements	22,063
Total	25,829
Accumulated Depreciation	1,848
Operating Properties | Eastern Beltway
Real Estate Properties [Line Items]
Encumbrances	34,100
Initial cost, land	23,221
Initial cost, building & improvements	45,595
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,672
Gross carrying amount close of period, land	23,221
Gross carrying amount close of period, building and improvements	53,267
Total	76,488
Accumulated Depreciation	15,658
Operating Properties | Eastgate Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,244
Initial cost, building & improvements	59,142
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,227
Gross carrying amount close of period, land	4,244
Gross carrying amount close of period, building and improvements	63,369
Total	67,613
Accumulated Depreciation	5,015
Operating Properties | Eastgate Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,026
Initial cost, building & improvements	18,588
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,008
Gross carrying amount close of period, land	8,026
Gross carrying amount close of period, building and improvements	19,596
Total	27,622
Accumulated Depreciation	9,768
Operating Properties | Eastside
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,305
Initial cost, building & improvements	12,199
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7
Gross carrying amount close of period, land	3,305
Gross carrying amount close of period, building and improvements	12,207
Total	15,512
Accumulated Depreciation	782
Operating Properties | Eastwood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,242
Initial cost, building & improvements	56,143
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,510
Gross carrying amount close of period, land	3,242
Gross carrying amount close of period, building and improvements	57,653
Total	60,895
Accumulated Depreciation	4,733
Operating Properties | Eddy Street Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,186
Initial cost, building & improvements	48,316
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,828
Gross carrying amount close of period, land	2,186
Gross carrying amount close of period, building and improvements	52,143
Total	54,329
Accumulated Depreciation	15,397
Operating Properties | Edwards Multiplex
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,583
Initial cost, building & improvements	28,710
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	22,583
Gross carrying amount close of period, building and improvements	28,710
Total	51,293
Accumulated Depreciation	2,327
Operating Properties | Estero Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,973
Initial cost, building & improvements	9,947
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	976
Gross carrying amount close of period, land	8,973
Gross carrying amount close of period, building and improvements	10,923
Total	19,896
Accumulated Depreciation	4,791
Operating Properties | Fairgrounds Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,690
Initial cost, building & improvements	15,254
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	94
Gross carrying amount close of period, land	12,690
Gross carrying amount close of period, building and improvements	15,348
Total	28,038
Accumulated Depreciation	1,132
Operating Properties | Fishers Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,008
Initial cost, building & improvements	15,705
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	227
Gross carrying amount close of period, land	4,008
Gross carrying amount close of period, building and improvements	15,931
Total	19,939
Accumulated Depreciation	6,756
Operating Properties | Fordham Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	41,993
Initial cost, building & improvements	102,467
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	303
Gross carrying amount close of period, land	41,993
Gross carrying amount close of period, building and improvements	102,770
Total	144,763
Accumulated Depreciation	6,081
Operating Properties | Fort Evans Plaza II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,110
Initial cost, building & improvements	39,623
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,542
Gross carrying amount close of period, land	14,110
Gross carrying amount close of period, building and improvements	41,164
Total	55,274
Accumulated Depreciation	2,640
Operating Properties | Fullerton Metrocenter
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	55,794
Initial cost, building & improvements	43,032
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,046
Gross carrying amount close of period, land	55,794
Gross carrying amount close of period, building and improvements	44,078
Total	99,872
Accumulated Depreciation	3,896
Operating Properties | Galvez Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	494
Initial cost, building & improvements	4,966
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	145
Gross carrying amount close of period, land	494
Gross carrying amount close of period, building and improvements	5,112
Total	5,606
Accumulated Depreciation	375
Operating Properties | Gardiner Manor Mall
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,521
Initial cost, building & improvements	20,129
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	531
Gross carrying amount close of period, land	29,521
Gross carrying amount close of period, building and improvements	20,660
Total	50,181
Accumulated Depreciation	1,962
Operating Properties | Gateway Pavillions
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	44,167
Initial cost, building & improvements	10,414
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	972
Gross carrying amount close of period, land	44,167
Gross carrying amount close of period, building and improvements	11,386
Total	55,553
Accumulated Depreciation	1,540
Operating Properties | Gateway Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,608
Initial cost, building & improvements	23,115
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	489
Gross carrying amount close of period, land	15,608
Gross carrying amount close of period, building and improvements	23,604
Total	39,212
Accumulated Depreciation	2,552
Operating Properties | Gateway Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,679
Initial cost, building & improvements	10,590
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	287
Gross carrying amount close of period, land	10,679
Gross carrying amount close of period, building and improvements	10,878
Total	21,557
Accumulated Depreciation	860
Operating Properties | Gateway Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,045
Initial cost, building & improvements	33,371
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	186
Gross carrying amount close of period, land	32,045
Gross carrying amount close of period, building and improvements	33,556
Total	65,601
Accumulated Depreciation	2,931
Operating Properties | Geist Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,368
Initial cost, building & improvements	7,485
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,770
Gross carrying amount close of period, land	1,368
Gross carrying amount close of period, building and improvements	10,254
Total	11,622
Accumulated Depreciation	4,975
Operating Properties | Gerry Centennial Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,448
Initial cost, building & improvements	10,316
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	17
Gross carrying amount close of period, land	3,448
Gross carrying amount close of period, building and improvements	10,333
Total	13,781
Accumulated Depreciation	1,143
Operating Properties | Grapevine Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,021
Initial cost, building & improvements	11,946
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	359
Gross carrying amount close of period, land	7,021
Gross carrying amount close of period, building and improvements	12,305
Total	19,326
Accumulated Depreciation	1,069
Operating Properties | Green's Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,836
Initial cost, building & improvements	13,845
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	101
Gross carrying amount close of period, land	4,836
Gross carrying amount close of period, building and improvements	13,946
Total	18,782
Accumulated Depreciation	1,262
Operating Properties | Greyhound Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,629
Initial cost, building & improvements	794
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,090
Gross carrying amount close of period, land	2,629
Gross carrying amount close of period, building and improvements	1,884
Total	4,513
Accumulated Depreciation	1,107
Operating Properties | Gurnee Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,348
Initial cost, building & improvements	20,772
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	94
Gross carrying amount close of period, land	7,348
Gross carrying amount close of period, building and improvements	20,866
Total	28,214
Accumulated Depreciation	1,931
Operating Properties | Henry Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,446
Initial cost, building & improvements	49,835
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	655
Gross carrying amount close of period, land	9,446
Gross carrying amount close of period, building and improvements	50,490
Total	59,936
Accumulated Depreciation	4,437
Operating Properties | Heritage Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,373
Initial cost, building & improvements	16,180
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	340
Gross carrying amount close of period, land	11,373
Gross carrying amount close of period, building and improvements	16,519
Total	27,892
Accumulated Depreciation	1,394
Operating Properties | Heritage Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,720
Initial cost, building & improvements	14,789
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	70
Gross carrying amount close of period, land	5,720
Gross carrying amount close of period, building and improvements	14,859
Total	20,579
Accumulated Depreciation	1,196
Operating Properties | Holly Springs Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,324
Initial cost, building & improvements	94,582
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,204
Gross carrying amount close of period, land	22,324
Gross carrying amount close of period, building and improvements	101,786
Total	124,110
Accumulated Depreciation	26,800
Operating Properties | Home Depot Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	20,122
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	19
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	20,141
Total	20,141
Accumulated Depreciation	1,642
Operating Properties | Huebner Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,423
Initial cost, building & improvements	36,062
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	421
Gross carrying amount close of period, land	19,423
Gross carrying amount close of period, building and improvements	36,483
Total	55,906
Accumulated Depreciation	2,825
Operating Properties | Humblewood Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,921
Initial cost, building & improvements	10,873
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	438
Gross carrying amount close of period, land	3,921
Gross carrying amount close of period, building and improvements	11,311
Total	15,232
Accumulated Depreciation	858
Operating Properties | Hunter's Creek Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,017
Initial cost, building & improvements	12,670
Cost capitalized subsequent to acquisition/development, land	179
Cost capitalized subsequent to acquisition/development, building and improvements	1,781
Gross carrying amount close of period, land	8,196
Gross carrying amount close of period, building and improvements	14,451
Total	22,647
Accumulated Depreciation	4,816
Operating Properties | Indian River Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,000
Initial cost, building & improvements	5,989
Cost capitalized subsequent to acquisition/development, land	1,100
Cost capitalized subsequent to acquisition/development, building and improvements	5,529
Gross carrying amount close of period, land	5,100
Gross carrying amount close of period, building and improvements	11,518
Total	16,618
Accumulated Depreciation	3,678
Operating Properties | International Speedway Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,157
Initial cost, building & improvements	12,840
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,531
Gross carrying amount close of period, land	7,157
Gross carrying amount close of period, building and improvements	21,371
Total	28,528
Accumulated Depreciation	12,883
Operating Properties | Jefferson Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,356
Initial cost, building & improvements	20,068
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,293
Gross carrying amount close of period, land	23,356
Gross carrying amount close of period, building and improvements	21,361
Total	44,717
Accumulated Depreciation	2,003
Operating Properties | John's Creek Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,668
Initial cost, building & improvements	39,697
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,065
Gross carrying amount close of period, land	7,668
Gross carrying amount close of period, building and improvements	40,762
Total	48,430
Accumulated Depreciation	3,041
Operating Properties | King's Lake Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,519
Initial cost, building & improvements	12,393
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,739
Gross carrying amount close of period, land	4,519
Gross carrying amount close of period, building and improvements	14,133
Total	18,652
Accumulated Depreciation	6,870
Operating Properties | Kingwood Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,715
Initial cost, building & improvements	28,807
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	172
Gross carrying amount close of period, land	5,715
Gross carrying amount close of period, building and improvements	28,979
Total	34,694
Accumulated Depreciation	11,987
Operating Properties | La Plaza Del Norte
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,113
Initial cost, building & improvements	32,803
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	408
Gross carrying amount close of period, land	18,113
Gross carrying amount close of period, building and improvements	33,211
Total	51,324
Accumulated Depreciation	2,884
Operating Properties | Lake City Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,693
Initial cost, building & improvements	11,453
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	79
Gross carrying amount close of period, land	4,693
Gross carrying amount close of period, building and improvements	11,532
Total	16,225
Accumulated Depreciation	3,497
Operating Properties | Lake Mary Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,413
Initial cost, building & improvements	8,719
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	291
Gross carrying amount close of period, land	1,413
Gross carrying amount close of period, building and improvements	9,010
Total	10,423
Accumulated Depreciation	2,640
Operating Properties | Lake Worth Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,228
Initial cost, building & improvements	28,776
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	127
Gross carrying amount close of period, land	6,228
Gross carrying amount close of period, building and improvements	28,903
Total	35,131
Accumulated Depreciation	2,097
Operating Properties | Lakewood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,864
Initial cost, building & improvements	31,493
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	852
Gross carrying amount close of period, land	32,864
Gross carrying amount close of period, building and improvements	32,345
Total	65,209
Accumulated Depreciation	3,149
Operating Properties | Lincoln Park
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,757
Initial cost, building & improvements	40,292
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	714
Gross carrying amount close of period, land	14,757
Gross carrying amount close of period, building and improvements	41,006
Total	55,763
Accumulated Depreciation	3,531
Operating Properties | Lincoln Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,239
Initial cost, building & improvements	38,473
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,014
Gross carrying amount close of period, land	6,239
Gross carrying amount close of period, building and improvements	43,486
Total	49,725
Accumulated Depreciation	3,622
Operating Properties | Lithia Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,065
Initial cost, building & improvements	9,958
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,380
Gross carrying amount close of period, land	3,065
Gross carrying amount close of period, building and improvements	13,338
Total	16,403
Accumulated Depreciation	6,021
Operating Properties | Lowe's/Bed Bath & Beyond
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,894
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	19,894
Gross carrying amount close of period, building and improvements	0
Total	19,894
Accumulated Depreciation	0
Operating Properties | MacArthur Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,190
Initial cost, building & improvements	31,334
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,564
Gross carrying amount close of period, land	11,190
Gross carrying amount close of period, building and improvements	32,898
Total	44,088
Accumulated Depreciation	1,814
Operating Properties | Main Street Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,630
Initial cost, building & improvements	60,911
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(191)
Gross carrying amount close of period, land	2,630
Gross carrying amount close of period, building and improvements	60,720
Total	63,350
Accumulated Depreciation	3,072
Operating Properties | Manchester Meadows
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,788
Initial cost, building & improvements	30,434
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	44
Gross carrying amount close of period, land	10,788
Gross carrying amount close of period, building and improvements	30,478
Total	41,266
Accumulated Depreciation	3,232
Operating Properties | Mansfield Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,966
Initial cost, building & improvements	14,369
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	443
Gross carrying amount close of period, land	2,966
Gross carrying amount close of period, building and improvements	14,812
Total	17,778
Accumulated Depreciation	1,152
Operating Properties | Market Street Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,764
Initial cost, building & improvements	16,360
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,345
Gross carrying amount close of period, land	9,764
Gross carrying amount close of period, building and improvements	20,705
Total	30,469
Accumulated Depreciation	10,001
Operating Properties | Merrifield Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,186
Initial cost, building & improvements	41,338
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	144
Gross carrying amount close of period, land	5,186
Gross carrying amount close of period, building and improvements	41,482
Total	46,668
Accumulated Depreciation	2,619
Operating Properties | Merrifield Town Center II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,614
Initial cost, building & improvements	23,042
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	19,614
Gross carrying amount close of period, building and improvements	23,042
Total	42,656
Accumulated Depreciation	1,387
Operating Properties | Miramar Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	26,492
Initial cost, building & improvements	30,742
Cost capitalized subsequent to acquisition/development, land	389
Cost capitalized subsequent to acquisition/development, building and improvements	9,775
Gross carrying amount close of period, land	26,880
Gross carrying amount close of period, building and improvements	40,517
Total	67,397
Accumulated Depreciation	10,505
Operating Properties | Mullins Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,582
Initial cost, building & improvements	42,188
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,624
Gross carrying amount close of period, land	10,582
Gross carrying amount close of period, building and improvements	48,813
Total	59,395
Accumulated Depreciation	17,833
Operating Properties | Naperville Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,364
Initial cost, building & improvements	11,377
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	160
Gross carrying amount close of period, land	5,364
Gross carrying amount close of period, building and improvements	11,537
Total	16,901
Accumulated Depreciation	4,935
Operating Properties | New Forest Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,175
Initial cost, building & improvements	12,076
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	272
Gross carrying amount close of period, land	7,175
Gross carrying amount close of period, building and improvements	12,348
Total	19,523
Accumulated Depreciation	1,078
Operating Properties | New Hyde Park Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,792
Initial cost, building & improvements	9,766
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	488
Gross carrying amount close of period, land	10,792
Gross carrying amount close of period, building and improvements	10,254
Total	21,046
Accumulated Depreciation	642
Operating Properties | Newnan Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,616
Initial cost, building & improvements	41,150
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,001
Gross carrying amount close of period, land	6,616
Gross carrying amount close of period, building and improvements	42,151
Total	48,767
Accumulated Depreciation	3,889
Operating Properties | Newton Crossroads
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,004
Initial cost, building & improvements	10,821
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1
Gross carrying amount close of period, land	1,004
Gross carrying amount close of period, building and improvements	10,822
Total	11,826
Accumulated Depreciation	948
Operating Properties | Nora Plaza
Real Estate Properties [Line Items]
Encumbrances	3,458
Initial cost, land	3,790
Initial cost, building & improvements	21,072
Cost capitalized subsequent to acquisition/development, land	5,002
Cost capitalized subsequent to acquisition/development, building and improvements	13,611
Gross carrying amount close of period, land	8,792
Gross carrying amount close of period, building and improvements	34,683
Total	43,475
Accumulated Depreciation	5,384
Operating Properties | North Benson Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,632
Initial cost, building & improvements	9,858
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	308
Gross carrying amount close of period, land	16,632
Gross carrying amount close of period, building and improvements	10,166
Total	26,798
Accumulated Depreciation	949
Operating Properties | Northcrest Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,044
Initial cost, building & improvements	33,921
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,144
Gross carrying amount close of period, land	4,044
Gross carrying amount close of period, building and improvements	35,066
Total	39,110
Accumulated Depreciation	10,829
Operating Properties | Northdale Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,718
Initial cost, building & improvements	27,481
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(539)
Gross carrying amount close of period, land	1,718
Gross carrying amount close of period, building and improvements	26,943
Total	28,661
Accumulated Depreciation	15,356
Operating Properties | Northgate North
Real Estate Properties [Line Items]
Encumbrances	23,010
Initial cost, land	20,063
Initial cost, building & improvements	48,746
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,117
Gross carrying amount close of period, land	20,063
Gross carrying amount close of period, building and improvements	50,863
Total	70,926
Accumulated Depreciation	4,326
Operating Properties | Northpointe Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,964
Initial cost, building & improvements	35,592
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	368
Gross carrying amount close of period, land	15,964
Gross carrying amount close of period, building and improvements	35,960
Total	51,924
Accumulated Depreciation	3,037
Operating Properties | Oak Brook Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,753
Initial cost, building & improvements	49,137
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,409
Gross carrying amount close of period, land	6,753
Gross carrying amount close of period, building and improvements	50,546
Total	57,299
Accumulated Depreciation	3,793
Operating Properties | Oleander Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	847
Initial cost, building & improvements	5,846
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	192
Gross carrying amount close of period, land	847
Gross carrying amount close of period, building and improvements	6,038
Total	6,885
Accumulated Depreciation	3,024
Operating Properties | One Loudoun Downtown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	74,400
Initial cost, building & improvements	236,043
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,743
Gross carrying amount close of period, land	74,400
Gross carrying amount close of period, building and improvements	237,785
Total	312,185
Accumulated Depreciation	13,588
Operating Properties | Oswego Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,746
Initial cost, building & improvements	8,311
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	117
Gross carrying amount close of period, land	5,746
Gross carrying amount close of period, building and improvements	8,428
Total	14,174
Accumulated Depreciation	878
Operating Properties | Palms Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,049
Initial cost, building & improvements	24,494
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	257
Gross carrying amount close of period, land	12,049
Gross carrying amount close of period, building and improvements	24,752
Total	36,801
Accumulated Depreciation	908
Operating Properties | Paradise Valley Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,889
Initial cost, building & improvements	35,823
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	151
Gross carrying amount close of period, land	6,889
Gross carrying amount close of period, building and improvements	35,975
Total	42,864
Accumulated Depreciation	2,792
Operating Properties | Parkside Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,796
Initial cost, building & improvements	108,611
Cost capitalized subsequent to acquisition/development, land	(60)
Cost capitalized subsequent to acquisition/development, building and improvements	10,349
Gross carrying amount close of period, land	21,736
Gross carrying amount close of period, building and improvements	118,960
Total	140,696
Accumulated Depreciation	35,254
Operating Properties | Parkway Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,099
Initial cost, building & improvements	28,562
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	346
Gross carrying amount close of period, land	15,099
Gross carrying amount close of period, building and improvements	28,908
Total	44,007
Accumulated Depreciation	1,835
Operating Properties | Pavilion at King's Grant
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,086
Initial cost, building & improvements	39,804
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,354
Gross carrying amount close of period, land	5,086
Gross carrying amount close of period, building and improvements	41,158
Total	46,244
Accumulated Depreciation	3,604
Operating Properties | Pebble Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,504
Initial cost, building & improvements	34,548
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	411
Gross carrying amount close of period, land	7,504
Gross carrying amount close of period, building and improvements	34,959
Total	42,463
Accumulated Depreciation	1,157
Operating Properties | Pelham Manor Shopping Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	42,293
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	497
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	42,789
Total	42,789
Accumulated Depreciation	2,621
Operating Properties | Peoria Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,879
Initial cost, building & improvements	16,304
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	676
Gross carrying amount close of period, land	18,879
Gross carrying amount close of period, building and improvements	16,980
Total	35,859
Accumulated Depreciation	1,674
Operating Properties | Perimeter Woods
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,893
Initial cost, building & improvements	27,277
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,828
Gross carrying amount close of period, land	6,893
Gross carrying amount close of period, building and improvements	29,105
Total	35,998
Accumulated Depreciation	9,004
Operating Properties | Pine Ridge Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,640
Initial cost, building & improvements	16,985
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,268
Gross carrying amount close of period, land	5,640
Gross carrying amount close of period, building and improvements	22,253
Total	27,893
Accumulated Depreciation	9,580
Operating Properties | Plaza at Cedar Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,782
Initial cost, building & improvements	34,294
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	17,410
Gross carrying amount close of period, land	5,782
Gross carrying amount close of period, building and improvements	51,704
Total	57,486
Accumulated Depreciation	23,804
Operating Properties | Plaza at Marysville
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,710
Initial cost, building & improvements	18,509
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	18
Gross carrying amount close of period, land	6,710
Gross carrying amount close of period, building and improvements	18,527
Total	25,237
Accumulated Depreciation	1,648
Operating Properties | Pleasant Hill Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,350
Initial cost, building & improvements	10,076
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(611)
Gross carrying amount close of period, land	3,350
Gross carrying amount close of period, building and improvements	9,465
Total	12,815
Accumulated Depreciation	2,882
Operating Properties | Pleasant Run Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,465
Initial cost, building & improvements	24,945
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	609
Gross carrying amount close of period, land	4,465
Gross carrying amount close of period, building and improvements	25,554
Total	30,019
Accumulated Depreciation	2,094
Operating Properties | Portofino Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,721
Initial cost, building & improvements	75,011
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	19,164
Gross carrying amount close of period, land	4,721
Gross carrying amount close of period, building and improvements	94,175
Total	98,896
Accumulated Depreciation	35,805
Operating Properties | Publix at Woodruff
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,783
Initial cost, building & improvements	6,361
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	875
Gross carrying amount close of period, land	1,783
Gross carrying amount close of period, building and improvements	7,236
Total	9,019
Accumulated Depreciation	4,553
Operating Properties | Rampart Commons
Real Estate Properties [Line Items]
Encumbrances	7,336
Initial cost, land	1,136
Initial cost, building & improvements	42,174
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	750
Gross carrying amount close of period, land	1,136
Gross carrying amount close of period, building and improvements	42,924
Total	44,060
Accumulated Depreciation	15,602
Operating Properties | Rangeline Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,981
Initial cost, building & improvements	18,037
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,554
Gross carrying amount close of period, land	1,981
Gross carrying amount close of period, building and improvements	22,591
Total	24,572
Accumulated Depreciation	8,091
Operating Properties | Reisterstown Road Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,578
Initial cost, building & improvements	30,674
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,651
Gross carrying amount close of period, land	16,578
Gross carrying amount close of period, building and improvements	33,324
Total	49,902
Accumulated Depreciation	2,863
Operating Properties | Riverchase Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,889
Initial cost, building & improvements	11,404
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,205
Gross carrying amount close of period, land	3,889
Gross carrying amount close of period, building and improvements	12,610
Total	16,499
Accumulated Depreciation	6,168
Operating Properties | Rivers Edge
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,647
Initial cost, building & improvements	29,698
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,569
Gross carrying amount close of period, land	5,647
Gross carrying amount close of period, building and improvements	31,266
Total	36,913
Accumulated Depreciation	11,304
Operating Properties | Rivery Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,230
Initial cost, building & improvements	2,430
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	996
Gross carrying amount close of period, land	5,230
Gross carrying amount close of period, building and improvements	3,426
Total	8,656
Accumulated Depreciation	273
Operating Properties | Royal Oaks Village II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,462
Initial cost, building & improvements	9,092
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	709
Gross carrying amount close of period, land	3,462
Gross carrying amount close of period, building and improvements	9,802
Total	13,264
Accumulated Depreciation	770
Operating Properties | Sawyer Heights Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,720
Initial cost, building & improvements	19,644
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	44
Gross carrying amount close of period, land	18,720
Gross carrying amount close of period, building and improvements	19,688
Total	38,408
Accumulated Depreciation	1,346
Operating Properties | Saxon Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,764
Initial cost, building & improvements	15,430
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	734
Gross carrying amount close of period, land	3,764
Gross carrying amount close of period, building and improvements	16,164
Total	19,928
Accumulated Depreciation	4,902
Operating Properties | Shoppes at Hagerstown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,796
Initial cost, building & improvements	16,038
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	264
Gross carrying amount close of period, land	6,796
Gross carrying amount close of period, building and improvements	16,302
Total	23,098
Accumulated Depreciation	1,126
Operating Properties | Shoppes at Plaza Green
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,749
Initial cost, building & improvements	23,853
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,827
Gross carrying amount close of period, land	3,749
Gross carrying amount close of period, building and improvements	25,680
Total	29,429
Accumulated Depreciation	10,278
Operating Properties | Shoppes at Quarterfield
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,105
Initial cost, building & improvements	8,708
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	4,105
Gross carrying amount close of period, building and improvements	8,708
Total	12,813
Accumulated Depreciation	279
Operating Properties | Shoppes of Eastwood
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,688
Initial cost, building & improvements	8,934
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	984
Gross carrying amount close of period, land	1,688
Gross carrying amount close of period, building and improvements	9,918
Total	11,606
Accumulated Depreciation	4,649
Operating Properties | Shoppes of New Hope
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,107
Initial cost, building & improvements	10,750
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	34
Gross carrying amount close of period, land	2,107
Gross carrying amount close of period, building and improvements	10,784
Total	12,891
Accumulated Depreciation	806
Operating Properties | Shoppes of Prominence Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,945
Initial cost, building & improvements	11,418
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	164
Gross carrying amount close of period, land	2,945
Gross carrying amount close of period, building and improvements	11,583
Total	14,528
Accumulated Depreciation	969
Operating Properties | Shops at Eagle Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,121
Initial cost, building & improvements	8,728
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,345
Gross carrying amount close of period, land	2,121
Gross carrying amount close of period, building and improvements	13,073
Total	15,194
Accumulated Depreciation	6,594
Operating Properties | Shops at Forest Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,616
Initial cost, building & improvements	9,358
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	431
Gross carrying amount close of period, land	1,616
Gross carrying amount close of period, building and improvements	9,789
Total	11,405
Accumulated Depreciation	758
Operating Properties | Shops at Julington Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,372
Initial cost, building & improvements	7,300
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	288
Gross carrying amount close of period, land	2,372
Gross carrying amount close of period, building and improvements	7,588
Total	9,960
Accumulated Depreciation	2,037
Operating Properties | Shops at Moore
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,284
Initial cost, building & improvements	23,842
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,228
Gross carrying amount close of period, land	6,284
Gross carrying amount close of period, building and improvements	26,071
Total	32,355
Accumulated Depreciation	7,328
Operating Properties | Shops at Park Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,042
Initial cost, building & improvements	18,478
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	50
Gross carrying amount close of period, land	8,042
Gross carrying amount close of period, building and improvements	18,528
Total	26,570
Accumulated Depreciation	1,598
Operating Properties | Silver Springs Pointe
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,580
Initial cost, building & improvements	4,947
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	311
Gross carrying amount close of period, land	7,580
Gross carrying amount close of period, building and improvements	5,258
Total	12,838
Accumulated Depreciation	2,095
Operating Properties | Southlake Corners
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,998
Initial cost, building & improvements	16,648
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	169
Gross carrying amount close of period, land	7,998
Gross carrying amount close of period, building and improvements	16,817
Total	24,815
Accumulated Depreciation	1,553
Operating Properties | Southlake Town Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,534
Initial cost, building & improvements	322,477
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,872
Gross carrying amount close of period, land	19,534
Gross carrying amount close of period, building and improvements	331,348
Total	350,882
Accumulated Depreciation	27,467
Operating Properties | Stilesboro Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,712
Initial cost, building & improvements	11,374
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	60
Gross carrying amount close of period, land	3,712
Gross carrying amount close of period, building and improvements	11,434
Total	15,146
Accumulated Depreciation	988
Operating Properties | Stonebridge Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,923
Initial cost, building & improvements	7,939
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	20
Gross carrying amount close of period, land	1,923
Gross carrying amount close of period, building and improvements	7,959
Total	9,882
Accumulated Depreciation	663
Operating Properties | Stoney Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	628
Initial cost, building & improvements	3,700
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,913
Gross carrying amount close of period, land	628
Gross carrying amount close of period, building and improvements	9,613
Total	10,241
Accumulated Depreciation	5,088
Operating Properties | Sunland Towne Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,774
Initial cost, building & improvements	22,542
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,370
Gross carrying amount close of period, land	14,774
Gross carrying amount close of period, building and improvements	26,912
Total	41,686
Accumulated Depreciation	13,090
Operating Properties | Tacoma South
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	30,058
Initial cost, building & improvements	3,358
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	26
Gross carrying amount close of period, land	30,058
Gross carrying amount close of period, building and improvements	3,384
Total	33,442
Accumulated Depreciation	304
Operating Properties | Target South Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,581
Initial cost, building & improvements	9,631
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	2,581
Gross carrying amount close of period, building and improvements	9,631
Total	12,212
Accumulated Depreciation	839
Operating Properties | Tarpon Bay Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,855
Initial cost, building & improvements	23,796
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,114
Gross carrying amount close of period, land	3,855
Gross carrying amount close of period, building and improvements	26,910
Total	30,765
Accumulated Depreciation	10,032
Operating Properties | The Brickyard
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,389
Initial cost, building & improvements	19,616
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	251
Gross carrying amount close of period, land	29,389
Gross carrying amount close of period, building and improvements	19,867
Total	49,256
Accumulated Depreciation	1,958
Operating Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	14,750
Initial cost, land	3,772
Initial cost, building & improvements	24,609
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	42
Gross carrying amount close of period, land	3,772
Gross carrying amount close of period, building and improvements	24,651
Total	28,423
Accumulated Depreciation	7,131
Operating Properties | The Landing at Tradition
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	17,605
Initial cost, building & improvements	46,217
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,261
Gross carrying amount close of period, land	17,605
Gross carrying amount close of period, building and improvements	54,478
Total	72,083
Accumulated Depreciation	14,991
Operating Properties | The Shoppes at Union Hill
Real Estate Properties [Line Items]
Encumbrances	10,007
Initial cost, land	9,876
Initial cost, building & improvements	46,428
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	488
Gross carrying amount close of period, land	9,876
Gross carrying amount close of period, building and improvements	46,916
Total	56,792
Accumulated Depreciation	3,536
Operating Properties | The Shops at Legacy
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,864
Initial cost, building & improvements	119,901
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,596
Gross carrying amount close of period, land	14,864
Gross carrying amount close of period, building and improvements	121,497
Total	136,361
Accumulated Depreciation	9,782
Operating Properties | Tollgate Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,963
Initial cost, building & improvements	65,457
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,404
Gross carrying amount close of period, land	11,963
Gross carrying amount close of period, building and improvements	68,861
Total	80,824
Accumulated Depreciation	5,733
Operating Properties | Toringdon Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,448
Initial cost, building & improvements	9,539
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	423
Gross carrying amount close of period, land	5,448
Gross carrying amount close of period, building and improvements	9,962
Total	15,410
Accumulated Depreciation	3,636
Operating Properties | Towson Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,412
Initial cost, building & improvements	27,429
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	38
Gross carrying amount close of period, land	1,412
Gross carrying amount close of period, building and improvements	27,467
Total	28,879
Accumulated Depreciation	1,780
Operating Properties | Traders Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,135
Initial cost, building & improvements	42,894
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,469
Gross carrying amount close of period, land	11,135
Gross carrying amount close of period, building and improvements	45,364
Total	56,499
Accumulated Depreciation	25,916
Operating Properties | Tradition Village Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,140
Initial cost, building & improvements	14,759
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,013
Gross carrying amount close of period, land	3,140
Gross carrying amount close of period, building and improvements	15,772
Total	18,912
Accumulated Depreciation	5,229
Operating Properties | Tysons Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,334
Initial cost, building & improvements	10,483
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	28
Gross carrying amount close of period, land	13,334
Gross carrying amount close of period, building and improvements	10,511
Total	23,845
Accumulated Depreciation	584
Operating Properties | Village Shoppes at Simonton
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,627
Initial cost, building & improvements	11,941
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	25
Gross carrying amount close of period, land	1,627
Gross carrying amount close of period, building and improvements	11,966
Total	13,593
Accumulated Depreciation	946
Operating Properties | Walter's Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,056
Initial cost, building & improvements	20,699
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,206
Gross carrying amount close of period, land	13,056
Gross carrying amount close of period, building and improvements	23,905
Total	36,961
Accumulated Depreciation	1,545
Operating Properties | Watauga Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,511
Initial cost, building & improvements	24,169
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	83
Gross carrying amount close of period, land	5,511
Gross carrying amount close of period, building and improvements	24,251
Total	29,762
Accumulated Depreciation	1,879
Operating Properties | Waterford Lakes Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,317
Initial cost, building & improvements	6,324
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,004
Gross carrying amount close of period, land	2,317
Gross carrying amount close of period, building and improvements	9,328
Total	11,645
Accumulated Depreciation	5,729
Operating Properties | Waxahachie Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,411
Initial cost, building & improvements	15,698
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(257)
Gross carrying amount close of period, land	1,411
Gross carrying amount close of period, building and improvements	15,441
Total	16,852
Accumulated Depreciation	4,195
Operating Properties | Winchester Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,119
Initial cost, building & improvements	9,612
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	11
Gross carrying amount close of period, land	2,119
Gross carrying amount close of period, building and improvements	9,623
Total	11,742
Accumulated Depreciation	912
Operating Properties | Woodinville Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	24,722
Initial cost, building & improvements	30,185
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	689
Gross carrying amount close of period, land	24,722
Gross carrying amount close of period, building and improvements	30,873
Total	55,595
Accumulated Depreciation	2,634
Operating Properties | The Landing at Tradition – Phase II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,527
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	6,527
Total	6,527
Accumulated Depreciation	0
Office and Other Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,547
Initial cost, building & improvements	40,347
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	27,202
Gross carrying amount close of period, land	2,547
Gross carrying amount close of period, building and improvements	67,549
Total	70,096
Accumulated Depreciation	36,099
Office and Other Properties | Thirty South Meridian
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,643
Initial cost, building & improvements	9,663
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	24,794
Gross carrying amount close of period, land	1,643
Gross carrying amount close of period, building and improvements	34,457
Total	36,100
Accumulated Depreciation	17,651
Office and Other Properties | Pan Am Plaza Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	28,035
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	126
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	28,161
Total	28,161
Accumulated Depreciation	16,057
Office and Other Properties | Union Station Parking Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	904
Initial cost, building & improvements	2,650
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,281
Gross carrying amount close of period, land	904
Gross carrying amount close of period, building and improvements	4,931
Total	5,835
Accumulated Depreciation	2,390
Development and Redevelopment Projects
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	125,700
Initial cost, building & improvements	49,795
Cost capitalized subsequent to acquisition/development, land	(206)
Cost capitalized subsequent to acquisition/development, building and improvements	50,413
Gross carrying amount close of period, land	125,493
Gross carrying amount close of period, building and improvements	100,208
Total	225,701
Accumulated Depreciation	36,102
Development and Redevelopment Projects | Carillon
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	28,239
Initial cost, building & improvements	3,714
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	25,966
Gross carrying amount close of period, land	28,239
Gross carrying amount close of period, building and improvements	29,680
Total	57,919
Accumulated Depreciation	338
Development and Redevelopment Projects | Glendale Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,494
Initial cost, building & improvements	44,063
Cost capitalized subsequent to acquisition/development, land	(187)
Cost capitalized subsequent to acquisition/development, building and improvements	17,640
Gross carrying amount close of period, land	1,307
Gross carrying amount close of period, building and improvements	61,704
Total	63,011
Accumulated Depreciation	35,764
Development and Redevelopment Projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,514
Initial cost, building & improvements	2,017
Cost capitalized subsequent to acquisition/development, land	(19)
Cost capitalized subsequent to acquisition/development, building and improvements	103
Gross carrying amount close of period, land	3,495
Gross carrying amount close of period, building and improvements	2,121
Total	5,616
Accumulated Depreciation	0
Development and Redevelopment Projects | One Loudoun – Uptown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	92,452
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2
Gross carrying amount close of period, land	92,452
Gross carrying amount close of period, building and improvements	2
Total	92,454
Accumulated Depreciation	0
Development and Redevelopment Projects | The Corner (IN)
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	175
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	175
Total	175
Accumulated Depreciation	0
Other
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,805
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	3,723
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	24,528
Gross carrying amount close of period, building and improvements	0
Total	24,528
Accumulated Depreciation	0
Other | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,103
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	291
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,394
Gross carrying amount close of period, building and improvements	0
Total	1,394
Accumulated Depreciation	0
Other | KRG Development
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	0
Other | KRG New Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,824
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	37
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,861
Gross carrying amount close of period, building and improvements	0
Total	1,861
Accumulated Depreciation	0
Other | KRG Peakway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,833
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	3,833
Gross carrying amount close of period, building and improvements	0
Total	3,833
Accumulated Depreciation	0
Other | Pan Am Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,044
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	3,396
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	17,440
Gross carrying amount close of period, building and improvements	0
Total	17,440
Accumulated Depreciation	0
Line of credit/Term loans/Unsecured notes
Real Estate Properties [Line Items]
Encumbrances	2,744,635
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	$ 0

Schedule III - Consolidated R_3

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Changes in Investment Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance, beginning of year	$ 7,584,735	$ 3,136,982	$ 3,079,616
Acquisitions	99,064	15,263	63,570
Improvements	152,165	54,323	39,544
Disposals	(86,719)	(62,601)	(45,748)
Balance, end of year	7,732,573	7,584,735	3,136,982
Federal income tax basis	8,000,000
Retail Properties of America, Inc.
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Acquisitions related to the Merger	$ (16,672)	$ 4,440,768	$ 0

Schedule III - Consolidated R_4

Schedule III - Consolidated Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance, beginning of year	$ 879,306	$ 750,119	$ 661,546
Depreciation expense	318,809	154,519	113,973
Disposals	(36,967)	(25,332)	(25,400)
Balance, end of year	$ 1,161,148	$ 879,306	$ 750,119
Buildings | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	20 years
Buildings | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	35 years
Building improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	10 years
Building improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	35 years
Furniture and fixtures | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	5 years
Furniture and fixtures | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Life used for depreciation (in years)	10 years