Kite Realty Group Trust 10-K 12 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 07, 2025	Jun. 30, 2024
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-32268
Entity Registrant Name	KITE REALTY GROUP TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	11-3715772
Entity Address, Address Line One	30 S. Meridian Street
Entity Address, Address Line Two	Suite 1100
Entity Address, City or Town	Indianapolis
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46204
City Area Code	317
Local Phone Number	577-5600
Title of 12(b) Security	Common Shares, $0.01 par value per share
Trading Symbol	KRG
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 4.9
Entity Common Stock, Shares Outstanding		219,664,567
Documents Incorporated by Reference	Portions of the definitive Proxy Statement related to the Registrant’s Annual Meeting of Shareholders 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	2024
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
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Central Index Key	0001636315
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
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, 2024	Dec. 31, 2023
Assets:
Investment properties, at cost:	$ 7,634,191	$ 7,740,061
Less: accumulated depreciation	(1,587,661)	(1,381,770)
Net investment properties	6,046,530	6,358,291
Cash and cash equivalents	128,056	36,413
Tenant and other receivables, including accrued straight-line rent of $67,377 and $55,482, respectively	125,768	113,290
Restricted cash and escrow deposits	5,271	5,017
Deferred costs, net	238,213	304,171
Short-term deposits	350,000	0
Prepaid and other assets	104,627	117,834
Investments in unconsolidated subsidiaries	19,511	9,062
Assets associated with investment property held for sale	73,791	0
Total assets	7,091,767	6,944,078
Liabilities:
Mortgage and other indebtedness, net	3,226,930	2,829,202
Accounts payable and accrued expenses	202,651	198,079
Deferred revenue and other liabilities	246,100	272,942
Liabilities associated with investment property held for sale	4,009	0
Total liabilities	3,679,690	3,300,223
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	98,074	73,287
Equity:
Common shares, $0.01 par value, 490,000,000 shares authorized, 219,667,067 and 219,448,429 shares issued and outstanding at December 31, 2024 and 2023, respectively	2,197	2,194
Additional paid-in capital	4,868,554	4,886,592
Accumulated other comprehensive income	36,612	52,435
Accumulated deficit	(1,595,253)	(1,373,083)
Total shareholders’ equity	3,312,110	3,568,138
Noncontrolling interests	1,893	2,430
Total equity	3,314,003	3,570,568
Total liabilities and equity	$ 7,091,767	$ 6,944,078

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - KRG Trust - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accrued straight-line rent	$ 67,377	$ 55,482
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)	219,667,067	219,448,429
Common shares, shares outstanding (in shares)	219,667,067	219,448,429

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Rental income	$ 826,548	$ 810,146	$ 782,349
Total revenue	841,842	823,004	801,996
Expenses:
Property operating	113,601	107,958	107,217
Real estate taxes	103,893	102,426	104,589
General, administrative and other	52,558	56,142	54,860
Merger and acquisition costs	0	0	925
Depreciation and amortization	393,335	426,361	469,805
Impairment charges	66,201	477	0
Total expenses	729,588	693,364	737,396
(Loss) gain on sales of operating properties, net	(864)	22,601	27,069
Operating income	111,390	152,241	91,669
Interest expense	(125,691)	(105,349)	(104,276)
Income tax expense of taxable REIT subsidiary	(139)	(533)	(43)
Loss on extinguishment of debt	(180)	0	0
Equity in (loss) earnings of unconsolidated subsidiaries	(1,158)	33	256
Gain on sale of unconsolidated property, net	2,325	0	0
Other income, net	17,869	1,991	240
Net income (loss)	4,416	48,383	(12,154)
Net income attributable to noncontrolling interests	(345)	(885)	(482)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Net income (loss) attributable to common shareholders	$ 4,071	$ 47,498	$ (12,636)
Net income (loss) per common share
Net income (loss) per common share – basic (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Net income (loss) per common share – diluted (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Weighted average common shares outstanding - basic (in shares)	219,614,149	219,344,832	219,074,448
Weighted average common shares outstanding - diluted (in shares)	219,727,496	219,728,283	219,074,448
Net income (loss)	$ 4,416	$ 48,383	$ (12,154)
Change in fair value of derivatives	(15,937)	(22,008)	91,271
Total comprehensive (loss) income	(11,521)	26,375	79,117
Comprehensive income attributable to noncontrolling interests	(231)	(786)	(1,507)
Comprehensive (loss) income attributable to the Company	(11,752)	25,589	77,610
Other property-related revenue
Revenue:
Other revenue	10,631	8,492	11,108
Fee income
Revenue:
Other revenue	$ 4,663	$ 4,366	$ 8,539

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, 2021		218,949,569
Balance at beginning of period at Dec. 31, 2021	$ 3,922,047	$ 2,189	$ 4,898,673	$ (15,902)	$ (962,913)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		151,089
Stock compensation activity	9,546	$ 2	9,544
Other comprehensive income (loss)	90,246			90,246
Distributions to common shareholders	(232,208)				(232,208)
Net income (loss) attributable to common shareholders	(12,636)				(12,636)
Acquisition of partner’s noncontrolling interest in Killingly Commons	416		416
Exchange of redeemable noncontrolling interests for common shares (in shares)		85,000
Exchange of redeemable noncontrolling interests for common shares	1,670	$ 1	1,669
Adjustment to redeemable noncontrolling interests	(12,566)		(12,566)
Balance at end of period (in shares) at Dec. 31, 2022		219,185,658
Balance at end of period at Dec. 31, 2022	3,766,515	$ 2,192	4,897,736	74,344	(1,207,757)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		189,610
Stock compensation activity	10,791	$ 2	10,789
Other comprehensive income (loss)	(21,909)			(21,909)
Distributions to common shareholders	(212,824)				(212,824)
Net income (loss) attributable to common shareholders	47,498				47,498
Exchange of redeemable noncontrolling interests for common shares (in shares)		73,161
Exchange of redeemable noncontrolling interests for common shares	1,568		1,568
Adjustment to redeemable noncontrolling interests	$ (23,501)		(23,501)
Balance at end of period (in shares) at Dec. 31, 2023	219,448,429	219,448,429
Balance at end of period at Dec. 31, 2023	$ 3,568,138	$ 2,194	4,886,592	52,435	(1,373,083)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock compensation activity (in shares)		218,638
Stock compensation activity	10,770	$ 3	10,767
Other comprehensive income (loss)	(15,823)			(15,823)
Distributions to common shareholders	(226,241)				(226,241)
Net income (loss) attributable to common shareholders	4,071				4,071
Adjustment to redeemable noncontrolling interests	$ (28,805)		(28,805)
Balance at end of period (in shares) at Dec. 31, 2024	219,667,067	219,667,067
Balance at end of period at Dec. 31, 2024	$ 3,312,110	$ 2,197	$ 4,868,554	$ 36,612	$ (1,595,253)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - KRG Trust - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 4,416	$ 48,383	$ (12,154)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	397,985	429,970	472,969
Loss (gain) on sales of operating properties, net	864	(22,601)	(27,069)
Gain on sale of unconsolidated property, net	(2,325)	0	0
Impairment charges	66,201	477	0
Loss on extinguishment of debt	180	0	0
Straight-line rent	(12,089)	(11,812)	(16,632)
Compensation expense for equity awards	10,740	10,116	10,280
Amortization of debt fair value adjustments	(12,038)	(13,366)	(13,521)
Amortization of in-place lease assets and liabilities	(10,078)	(12,025)	(4,821)
Changes in assets and liabilities:
Tenant receivables	(2,610)	(940)	(16,763)
Deferred costs and other assets	(23,647)	(29,912)	7,522
Accounts payable, accrued expenses, deferred revenue and other liabilities	1,429	(3,642)	(20,528)
Net cash provided by operating activities	419,028	394,648	379,283
Cash flows from investing activities:
Acquisitions of interests in properties	(40,561)	(78,274)	(100,142)
Capital expenditures	(140,949)	(142,578)	(158,540)
Net proceeds from sales of land	13,198	3,166	4,716
Net proceeds from sales of operating properties	30,409	137,687	75,699
Investment in short-term deposits	(615,000)	0	0
Proceeds from short-term deposits	265,000	0	125,000
Small business loan repayments	0	346	657
Change in construction payables	479	(2,078)	6,341
Distribution from unconsolidated joint venture	1,618	0	1,245
Capital contributions to unconsolidated joint ventures	(13,185)	0	(125)
Net cash used in investing activities	(498,991)	(81,731)	(45,149)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	74	86	30
Repurchases of common shares upon the vesting of restricted shares	(907)	(767)	(1,535)
Debt and equity issuance costs	(18,992)	(767)	(5,159)
Loan proceeds	732,993	369,095	455,000
Loan payments	(314,756)	(544,410)	(568,963)
Distributions paid – common shareholders	(221,793)	(210,546)	(179,624)
Distributions paid – redeemable noncontrolling interests	(3,717)	(2,952)	(2,622)
Distributions to noncontrolling interests	(817)	(3,196)	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	0	(9,654)
Net cash provided by (used in) financing activities	172,085	(393,457)	(312,527)
Net change in cash, cash equivalents and restricted cash	92,122	(80,540)	21,607
Cash, cash equivalents and restricted cash, beginning of year	41,430	121,970	100,363
Cash, cash equivalents and restricted cash, end of year	133,552	41,430	121,970
Supplemental disclosures
Cash paid for interest, net of capitalized interest	130,630	120,870	113,744
Non-cash investing and financing activities
Exchange of redeemable noncontrolling interests for common shares	$ 0	$ 1,568	$ 1,670

Consolidated Balance Sheets -_2

Consolidated Balance Sheets - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
Investment properties, at cost:	$ 7,634,191	$ 7,740,061
Less: accumulated depreciation	(1,587,661)	(1,381,770)
Net investment properties	6,046,530	6,358,291
Cash and cash equivalents	128,056	36,413
Tenant and other receivables, including accrued straight-line rent of $67,377 and $55,482, respectively	125,768	113,290
Restricted cash and escrow deposits	5,271	5,017
Deferred costs, net	238,213	304,171
Short-term deposits	350,000	0
Prepaid and other assets	104,627	117,834
Investments in unconsolidated subsidiaries	19,511	9,062
Assets associated with investment property held for sale	73,791	0
Total assets	7,091,767	6,944,078
Liabilities:
Mortgage and other indebtedness, net	3,226,930	2,829,202
Accounts payable and accrued expenses	202,651	198,079
Deferred revenue and other liabilities	246,100	272,942
Liabilities associated with investment property held for sale	4,009	0
Total liabilities	3,679,690	3,300,223
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	98,074	73,287
Partners’ Equity:
Common equity, 219,667,067 and 219,448,429 units issued and outstanding at December 31, 2024 and 2023, respectively	2,197	2,194
Accumulated other comprehensive income	36,612	52,435
Total shareholders’ equity	3,312,110	3,568,138
Noncontrolling interests	1,893	2,430
Total equity	3,314,003	3,570,568
Total liabilities and equity	7,091,767	6,944,078
Kite Realty Group, L.P.
Assets:
Investment properties, at cost:	7,634,191	7,740,061
Less: accumulated depreciation	(1,587,661)	(1,381,770)
Net investment properties	6,046,530	6,358,291
Cash and cash equivalents	128,056	36,413
Tenant and other receivables, including accrued straight-line rent of $67,377 and $55,482, respectively	125,768	113,290
Restricted cash and escrow deposits	5,271	5,017
Deferred costs, net	238,213	304,171
Short-term deposits	350,000	0
Prepaid and other assets	104,627	117,834
Investments in unconsolidated subsidiaries	19,511	9,062
Assets associated with investment property held for sale	73,791	0
Total assets	7,091,767	6,944,078
Liabilities:
Mortgage and other indebtedness, net	3,226,930	2,829,202
Accounts payable and accrued expenses	202,651	198,079
Deferred revenue and other liabilities	246,100	272,942
Liabilities associated with investment property held for sale	4,009	0
Total liabilities	3,679,690	3,300,223
Commitments and contingencies
Limited Partners’ interests in the Operating Partnership	98,074	73,287
Partners’ Equity:
Common equity, 219,667,067 and 219,448,429 units issued and outstanding at December 31, 2024 and 2023, respectively	3,275,498	3,515,703
Accumulated other comprehensive income	36,612	52,435
Total shareholders’ equity	3,312,110	3,568,138
Noncontrolling interests	1,893	2,430
Total equity	3,314,003	3,570,568
Total liabilities and equity	$ 7,091,767	$ 6,944,078

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Parentheticals) - KRG, LP - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accrued straight-line rent	$ 67,377	$ 55,482
Common shares, shares issued (in shares)	219,667,067	219,448,429
Common shares, shares outstanding (in shares)	219,667,067	219,448,429
Kite Realty Group, L.P.
Accrued straight-line rent	$ 67,377	$ 55,482
Common shares, shares issued (in shares)	219,667,067	219,448,429
Common shares, shares outstanding (in shares)	219,667,067	219,448,429

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Income - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Rental income	$ 826,548	$ 810,146	$ 782,349
Total revenue	841,842	823,004	801,996
Expenses:
Property operating	113,601	107,958	107,217
Real estate taxes	103,893	102,426	104,589
General, administrative and other	52,558	56,142	54,860
Merger and acquisition costs	0	0	925
Depreciation and amortization	393,335	426,361	469,805
Impairment charges	66,201	477	0
Total expenses	729,588	693,364	737,396
(Loss) gain on sales of operating properties, net	(864)	22,601	27,069
Operating income	111,390	152,241	91,669
Interest expense	(125,691)	(105,349)	(104,276)
Income tax expense of taxable REIT subsidiary	(139)	(533)	(43)
Loss on extinguishment of debt	(180)	0	0
Equity in (loss) earnings of unconsolidated subsidiaries	(1,158)	33	256
Gain on sale of unconsolidated property, net	2,325	0	0
Other income, net	17,869	1,991	240
Net income (loss)	4,416	48,383	(12,154)
Net income attributable to noncontrolling interests	(345)	(885)	(482)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Net income (loss) attributable to common shareholders	$ 4,071	$ 47,498	$ (12,636)
Net income (loss) per common share
Net income (loss) per unit – basic (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Net income (loss) per unit – diluted (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Weighted average common units outstanding - basic (in shares)	219,614,149	219,344,832	219,074,448
Weighted average common units outstanding - diluted (in shares)	219,727,496	219,728,283	219,074,448
Net income (loss)	$ 4,416	$ 48,383	$ (12,154)
Change in fair value of derivatives	(15,937)	(22,008)	91,271
Total comprehensive (loss) income	(11,521)	26,375	79,117
Comprehensive income attributable to noncontrolling interests	(231)	(786)	(1,507)
Comprehensive (loss) income attributable to the Company	(11,752)	25,589	77,610
Other property-related revenue
Revenue:
Other revenue	10,631	8,492	11,108
Fee income
Revenue:
Other revenue	4,663	4,366	8,539
Kite Realty Group, L.P.
Revenue:
Rental income	826,548	810,146	782,349
Total revenue	841,842	823,004	801,996
Expenses:
Property operating	113,601	107,958	107,217
Real estate taxes	103,893	102,426	104,589
General, administrative and other	52,558	56,142	54,860
Merger and acquisition costs	0	0	925
Depreciation and amortization	393,335	426,361	469,805
Impairment charges	66,201	477	0
Total expenses	729,588	693,364	737,396
(Loss) gain on sales of operating properties, net	(864)	22,601	27,069
Operating income	111,390	152,241	91,669
Interest expense	(125,691)	(105,349)	(104,276)
Income tax expense of taxable REIT subsidiary	(139)	(533)	(43)
Loss on extinguishment of debt	(180)	0	0
Equity in (loss) earnings of unconsolidated subsidiaries	(1,158)	33	256
Gain on sale of unconsolidated property, net	2,325	0	0
Other income, net	17,869	1,991	240
Net income (loss)	4,416	48,383	(12,154)
Net income attributable to noncontrolling interests	(280)	(257)	(623)
Net income (loss) attributable to common shareholders	4,136	48,126	(12,777)
Net income (loss) attributable to common shareholders	4,136	48,126	(12,777)
Allocation of net income (loss):
Limited Partners	65	628	(141)
Parent Company	$ 4,071	$ 47,498	$ (12,636)
Net income (loss) per common share
Net income (loss) per unit – basic (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Net income (loss) per unit – diluted (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Weighted average common units outstanding - basic (in shares)	223,416,919	222,514,956	221,858,084
Weighted average common units outstanding - diluted (in shares)	223,530,266	222,898,407	221,858,084
Net income (loss)	$ 4,416	$ 48,383	$ (12,154)
Change in fair value of derivatives	(15,937)	(22,008)	91,271
Total comprehensive (loss) income	(11,521)	26,375	79,117
Comprehensive income attributable to noncontrolling interests	(280)	(257)	(623)
Comprehensive (loss) income attributable to the Company	(11,801)	26,118	78,494
Kite Realty Group, L.P. | Other property-related revenue
Revenue:
Other revenue	10,631	8,492	11,108
Kite Realty Group, L.P. | Fee income
Revenue:
Other revenue	$ 4,663	$ 4,366	$ 8,539

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, 2021		$ 3,922,047	$ 3,937,949	$ (15,902)
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		9,546	9,546
Other comprehensive income (loss) attributable to Parent Company	$ 90,246	90,246		90,246
Distributions to Parent Company		(232,208)	(232,208)
Net income (loss) attributable to Parent Company	(12,636)	(12,636)	(12,636)
Acquisition of partner’s noncontrolling interest in Killingly Commons		416	416
Conversion of Limited Partner Units to shares of the Parent Company		1,670	1,670
Adjustment to redeemable noncontrolling interests		(12,566)	(12,566)
Partners' capital, balance at end of period at Dec. 31, 2022		3,766,515	3,692,171	74,344
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		10,791	10,791
Other comprehensive income (loss) attributable to Parent Company	(21,909)	(21,909)		(21,909)
Distributions to Parent Company		(212,824)	(212,824)
Net income (loss) attributable to Parent Company	47,498	47,498	47,498
Conversion of Limited Partner Units to shares of the Parent Company		1,568	1,568
Adjustment to redeemable noncontrolling interests		(23,501)	(23,501)
Partners' capital, balance at end of period at Dec. 31, 2023		3,568,138	3,515,703	52,435
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock compensation activity		10,770	10,770
Other comprehensive income (loss) attributable to Parent Company	(15,823)	(15,823)		(15,823)
Distributions to Parent Company		(226,241)	(226,241)
Net income (loss) attributable to Parent Company	$ 4,071	4,071	4,071
Adjustment to redeemable noncontrolling interests		(28,805)	(28,805)
Partners' capital, balance at end of period at Dec. 31, 2024		$ 3,312,110	$ 3,275,498	$ 36,612

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows - KRG, LP - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 4,416	$ 48,383	$ (12,154)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	397,985	429,970	472,969
Loss (gain) on sales of operating properties, net	864	(22,601)	(27,069)
Gain on sale of unconsolidated property, net	(2,325)	0	0
Impairment charges	66,201	477	0
Loss on extinguishment of debt	180	0	0
Straight-line rent	(12,089)	(11,812)	(16,632)
Compensation expense for equity awards	10,740	10,116	10,280
Amortization of debt fair value adjustments	(12,038)	(13,366)	(13,521)
Amortization of in-place lease assets and liabilities	(10,078)	(12,025)	(4,821)
Changes in assets and liabilities:
Tenant receivables	(2,610)	(940)	(16,763)
Deferred costs and other assets	(23,647)	(29,912)	7,522
Accounts payable, accrued expenses, deferred revenue and other liabilities	1,429	(3,642)	(20,528)
Net cash provided by operating activities	419,028	394,648	379,283
Cash flows from investing activities:
Acquisitions of interests in properties	(40,561)	(78,274)	(100,142)
Capital expenditures	(140,949)	(142,578)	(158,540)
Net proceeds from sales of land	13,198	3,166	4,716
Net proceeds from sales of operating properties	30,409	137,687	75,699
Investment in short-term deposits	(615,000)	0	0
Proceeds from short-term deposits	265,000	0	125,000
Small business loan repayments	0	346	657
Change in construction payables	479	(2,078)	6,341
Distribution from unconsolidated joint venture	1,618	0	1,245
Capital contributions to unconsolidated joint ventures	(13,185)	0	(125)
Net cash used in investing activities	(498,991)	(81,731)	(45,149)
Cash flows from financing activities:
Contributions from the General Partner	74	86	30
Repurchases of common shares upon the vesting of restricted shares	(907)	(767)	(1,535)
Debt and equity issuance costs	(18,992)	(767)	(5,159)
Loan proceeds	732,993	369,095	455,000
Loan payments	(314,756)	(544,410)	(568,963)
Distributions paid – common unitholders	(221,793)	(210,546)	(179,624)
Distributions paid – redeemable noncontrolling interests	(3,717)	(2,952)	(2,622)
Distributions to noncontrolling interests	(817)	(3,196)	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	0	(9,654)
Net cash provided by (used in) financing activities	172,085	(393,457)	(312,527)
Net change in cash, cash equivalents and restricted cash	92,122	(80,540)	21,607
Cash, cash equivalents and restricted cash, beginning of year	41,430	121,970	100,363
Cash, cash equivalents and restricted cash, end of year	133,552	41,430	121,970
Supplemental disclosures
Cash paid for interest, net of capitalized interest	130,630	120,870	113,744
Non-cash investing and financing activities
Conversion of Limited Partner Units to shares of the Parent Company	0	1,568	1,670
Kite Realty Group, L.P.
Cash flows from operating activities:
Net income (loss)	4,416	48,383	(12,154)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	397,985	429,970	472,969
Loss (gain) on sales of operating properties, net	864	(22,601)	(27,069)
Gain on sale of unconsolidated property, net	(2,325)	0	0
Impairment charges	66,201	477	0
Loss on extinguishment of debt	180	0	0
Straight-line rent	(12,089)	(11,812)	(16,632)
Compensation expense for equity awards	10,740	10,116	10,280
Amortization of debt fair value adjustments	(12,038)	(13,366)	(13,521)
Amortization of in-place lease assets and liabilities	(10,078)	(12,025)	(4,821)
Changes in assets and liabilities:
Tenant receivables	(2,610)	(940)	(16,763)
Deferred costs and other assets	(23,647)	(29,912)	7,522
Accounts payable, accrued expenses, deferred revenue and other liabilities	1,429	(3,642)	(20,528)
Net cash provided by operating activities	419,028	394,648	379,283
Cash flows from investing activities:
Acquisitions of interests in properties	(40,561)	(78,274)	(100,142)
Capital expenditures	(140,949)	(142,578)	(158,540)
Net proceeds from sales of land	13,198	3,166	4,716
Net proceeds from sales of operating properties	30,409	137,687	75,699
Investment in short-term deposits	(615,000)	0	0
Proceeds from short-term deposits	265,000	0	125,000
Small business loan repayments	0	346	657
Change in construction payables	479	(2,078)	6,341
Distribution from unconsolidated joint venture	1,618	0	1,245
Capital contributions to unconsolidated joint ventures	(13,185)	0	(125)
Net cash used in investing activities	(498,991)	(81,731)	(45,149)
Cash flows from financing activities:
Contributions from the General Partner	74	86	30
Repurchases of common shares upon the vesting of restricted shares	(907)	(767)	(1,535)
Debt and equity issuance costs	(18,992)	(767)	(5,159)
Loan proceeds	732,993	369,095	455,000
Loan payments	(314,756)	(544,410)	(568,963)
Distributions paid – common unitholders	(221,793)	(210,546)	(179,624)
Distributions paid – redeemable noncontrolling interests	(3,717)	(2,952)	(2,622)
Distributions to noncontrolling interests	(817)	(3,196)	0
Acquisition of partner’s noncontrolling interest in Killingly Commons joint venture	0	0	(9,654)
Net cash provided by (used in) financing activities	172,085	(393,457)	(312,527)
Net change in cash, cash equivalents and restricted cash	92,122	(80,540)	21,607
Cash, cash equivalents and restricted cash, beginning of year	41,430	121,970	100,363
Cash, cash equivalents and restricted cash, end of year	133,552	41,430	121,970
Supplemental disclosures
Cash paid for interest, net of capitalized interest	130,630	120,870	113,744
Non-cash investing and financing activities
Conversion of Limited Partner Units to shares of the Parent Company	$ 0	$ 1,568	$ 1,670

ORGANIZATION AND BASIS OF PRESE

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2024
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, grocery-anchored shopping centers and vibrant mixed-use assets that are primarily located in high-growth Sun Belt markets and select strategic gateway markets in the United States. The terms “Company,” “we,” “us,” and “our” refer to the Parent Company and the Operating Partnership, collectively, and those entities owned or controlled by the Parent Company and/or the Operating Partnership. The Operating Partnership was formed on August 16, 2004, when the Parent Company contributed properties and the net proceeds from an initial public offering (“IPO”) of shares of its common stock to the Operating Partnership. The Parent Company was organized in Maryland in 2004 to succeed in the acquisition, development, construction and real estate businesses of its predecessor. We believe the Company qualifies as a real estate investment trust (“REIT”) under sections 856-860 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, 2024, owned approximately 98.1% of the common partnership interests in the Operating Partnership (the “General Partner Units”). The remaining 1.9% of the common partnership interests (the “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 operate 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 consolidated 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 those estimates. Unless otherwise noted, all dollar amounts are stated in thousands, except share, per share, and per square foot data. Number of properties and square feet are unaudited. As of December 31, 2024, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 179 27,668,416 Office properties (2) 2 412,568 Development and redevelopment projects: The Corner – IN (3) 1 24,000 One Loudoun Expansion (4) — 119,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of December 31, 2024. Of the 179 operating retail properties, 176 are consolidated within these financial statements and the remaining three are accounted for under the equity method. (2) Office properties include Carillon medical office building, which was reclassified from active redevelopment into our office portfolio in December 2024. (3) This property is held in an unconsolidated joint venture in which the Company has a 50% ownership interest. (4) During the three months ended September 30, 2024, the Company began development activities on the retail and office portions of the expansion project at One Loudoun Downtown (the “One Loudoun Expansion”) in the Washington, D.C. metropolitan statistical area (“MSA”). The Company estimates that it will incur net project costs of approximately $65.0 million to $75.0 million related to the One Loudoun Expansion.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
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, predevelopment, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Ordinary repairs and maintenance that do not extend the useful lives of the respective assets are expensed as incurred and included within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Predevelopment 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 predevelopment costs are capitalized and included within “Investment properties, at cost” in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred predevelopment costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation expense is computed using the straight-line method. Buildings and improvements are depreciated over estimated original useful lives ranging from 10 to 35 years. Tenant improvements and allowances are depreciated over the term of the related lease. Equipment and fixtures are depreciated over five The following table summarizes the composition of the Company’s investment properties as of December 31, 2024 and 2023 (in thousands) : December 31, 2024 December 31, 2023 Land, buildings and improvements $ 7,591,036 $ 7,684,066 Construction in progress 43,155 55,995 Investment properties, at cost $ 7,634,191 $ 7,740,061 Valuation of Investment Properties Management reviews our operating and development projects, land parcels, and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in the project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated holding period, expected capital expenditures, and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate. Investment Properties Held for Sale The Company classifies an operating property as held for sale only when the property is available for immediate sale in its present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. An operating property classified as held for sale is carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period. One property was classified as held for sale as of December 31, 2024 and no properties qualified for held-for-sale accounting treatment as of December 31, 2023. Acquisition of Investment Properties Real estate assets are recognized on our consolidated balance sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets (consisting of land, buildings and improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition based upon an evaluation of information and estimates available at the acquisition date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing, and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangible assets and liabilities, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals, or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of, or addition to, rental income over the term of the leases. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income as applicable; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value use methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions, and foregone costs related to the reimbursement of property operating expenses, and fair market rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to depreciation and amortization expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third-party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, we have not developed a tenant relationship that we consider to have a current intangible value. Consolidation and Investments in Joint Ventures The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled, and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics, and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. In determining whether to consolidate a VIE with the Operating Partnership, we consider all relationships between the Operating Partnership and the applicable VIE, including development and management agreements and other contractual arrangements, in determining whether we have the power to direct the activities of the VIE that most significantly affect the VIE’s performance. As of December 31, 2024, 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, 2024, these consolidated VIEs had mortgage debt totaling $109.7 million, which was secured by assets of the VIEs totaling $218.0 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, 2024, the Company also owned investments in four unconsolidated joint ventures accounted for under the equity method, which are not considered VIEs, as follows: Three Property Retail Portfolio Joint Venture On June 29, 2018, the Company formed a joint venture with Nuveen Real Estate, formerly known as TH Real Estate. The Company sold three properties (Livingston Shopping Center, Plaza Volente and Tamiami Crossing) to the joint venture, valued at $99.8 million in the aggregate, and, after considering third-party debt obtained by the joint venture upon formation, the Company contributed $10.0 million for a 20% noncontrolling ownership interest in the joint venture. The Company is the operating member responsible for the day-to-day management of the properties and receives property management and leasing fees. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Embassy Suites at Eddy Street Commons In December 2017, we formed a joint venture with an unrelated third party to develop and own an Embassy Suites hotel next to Eddy Street Commons, our operating retail property at the University of Notre Dame. We contributed $1.4 million of cash to the joint venture in return for a 35% ownership interest in the joint venture. In 2017, the joint venture entered into a $33.8 million construction loan, which was repaid during the year ended December 31, 2024, of which the Company contributed $10.2 million, representing our 35% share of the debt repaid. The Company accounts for the joint venture under the equity method, as both members have substantive participating rights, and we do not control the activities of the joint venture. Glendale Multifamily Joint Venture In May 2020, the Company formed a joint venture for the planned development of a multifamily project adjacent to our Glendale Town Center operating retail property in the Indianapolis metropolitan statistical area (“MSA”). The Company contributed land valued at $1.6 million to the joint venture and retained a 12% ownership interest in the joint venture. On January 31, 2024, the joint venture sold the 267-unit property to a third party, resulting in a gain on sale of $20.2 million. The Company recognized its share of the gain on the sale of unconsolidated property of $2.3 million during the year ended December 31, 2024. In addition, the Company received a $1.6 million distribution upon the disposition of the property. The Company maintains an investment in the joint venture, which is in the process of winding up its activities and distributing its remaining net assets. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Buckingham Mixed-Use Joint Venture In September 2021, the Company formed a joint venture for the planned redevelopment of The Corner in the Indianapolis MSA into a mixed-use, multifamily, and retail project. The Company contributed land valued at $4.0 million to the joint venture and retained a 50% ownership interest in the joint venture. The Company’s partner is the operating member responsible for the day-to-day management of the property. Both members have substantive participating rights over major decisions that impact the economics and operations of the joint venture. The Company accounts for the joint venture under the equity method as it has the ability to exercise influence but not control over the operating and financial policies of the joint venture. Cash and Cash Equivalents We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits. The Company periodically assesses the credit risk associated with these financial institutions and believes the risk of loss is minimal. The following table summarizes our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Cash and cash equivalents $ 128,056 $ 36,413 $ 115,799 Restricted cash and escrow deposits 5,271 5,017 6,171 Restricted cash associated with investment property held for sale 225 — — Cash, cash equivalents and restricted cash $ 133,552 $ 41,430 $ 121,970 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 In January 2024, the Company invested $265.0 million in short-term deposits at Goldman Sachs Bank USA (“Goldman Sachs”) and KeyBank National Association (“KeyBank”). These short-term deposits earned interest at a weighted average interest rate of 5.34% with a final maturity date of July 22, 2024. During the year ended December 31, 2024, the Company earned $6.3 million of interest income on the January 2024 deposits, which is recorded within “Other income, net” in the accompanying consolidated statements of operations and comprehensive income. In August 2024, the Company invested $350.0 million in short-term deposits at Goldman Sachs and KeyBank. The deposit balance approximates fair value and earns interest at a weighted average interest rate of 5.05% with a final maturity date in February 2025. During the year ended December 31, 2024, the Company earned $6.6 million of interest income on the August 2024 deposits, which is recorded within “Other income, net” in the accompanying consolidated statements of operations and comprehensive income. Fair Value Measurements We follow the framework established under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value in the accompanying 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 upon 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. Note 3. “Acquisitions” to the accompanying consolidated financial statements includes a discussion of the fair values recorded for asset acquisitions. Level 3 inputs to these transactions include our estimations of net rental rates of retail anchor and small shop space, capitalization rates, and disposal values. Note 4. “Dispositions and Impairment Charges” to the accompanying consolidated financial statements includes a discussion of the fair values recorded when we recognized impairment charges during the years ended December 31, 2024 and 2023. Level 2 inputs to these transactions include the expected sales price from an executed sales contract and Level 3 inputs include our estimation of capitalization rates. Note 8. “Mortgage and Other Indebtedness” to the accompanying consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and Level 3 inputs. As discussed in Note 9. “Derivative Instruments, Hedging Activities and Other Comprehensive Income” to the accompanying consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value. Derivative Financial Instruments The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains and losses resulting from changes in the fair value of the derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or interest rate locks to mitigate interest rate risk on the related financial instruments. Changes in the fair value of derivatives that qualify as cash flow hedges are recorded within “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and amortized over the underlying term of the hedged transaction, while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2024 and 2023, all of our derivative financial instruments qualify for hedge accounting. Revenue Recognition As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance, and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that provide for additional rents based upon 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. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. If we determine that collectibility is not probable, we recognize income only to the extent that cash has been received from the tenant. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies, which may affect the collection of outstanding receivables. These receivables are reduced for credit loss, which is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past-due account balances and consider such factors as the credit quality of the tenant, historical write-off experience, tenant creditworthiness, and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates. We recognize the sale of real estate when control transfers to the buyer. As part of our ongoing business strategy, we will, from time to time, sell properties, land parcels and outlots, some of which are ground-leased to tenants. Net gains realized on such sales were $4.4 million, $1.7 million, and $4.5 million for the years ended December 31, 2024, 2023 and 2022, respectively, and are included within “Other property-related revenue” in the accompanying consolidated statements of operations and comprehensive income. Tenant and Other Receivables and Allowance for Uncollectible Accounts Tenant receivables consist primarily of billed minimum rent, accrued and billed tenant reimbursements, and accrued straight-line rent. The Company generally does not require specific collateral from its tenants other than corporate or personal guarantees. Other receivables consist primarily of amounts due from municipalities and 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 0.6%, 0.3%, and 0.7% of total revenues in each of the years ended December 31, 2024, 2023 and 2022, respectively. Concentration of Credit Risk We may be subject to concentrations of credit risk with regard 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, 2024, the percentage of the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, Virginia, Indiana, and New York, was as follows: Texas 26.8 % Florida 11.0 % Virginia 7.3 % Indiana 6.4 % New York 6.1 % Income Taxes and REIT Compliance Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the non-deductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state, and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC and IWR Protective Corporation as TRSs 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 assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not to be 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, 2024 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 taxable information presented for our dividends paid in 2024 is based upon management’s estimate. Consequently, the taxable nature of dividends is subject to change. The following table summarizes the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, 2024 2023 2022 Ordinary income 96.4 % 90.6 % 86.1 % Return of capital 0.0 % 0.0 % 0.0 % Capital gains 3.6 % 9.4 % 13.9 % 100.0 % 100.0 % 100.0 % Operating Partnership The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs. Noncontrolling Interests We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the accompanying consolidated financial statements. The following table summarizes the non-redeemable noncontrolling interests in consolidated properties for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Noncontrolling interests balance as of January 1, $ 2,430 $ 5,370 $ 5,146 Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests 280 256 224 Distributions to noncontrolling interests (1) (817) (3,196) — Noncontrolling interests balance as of December 31, $ 1,893 $ 2,430 $ 5,370 (1) During the year ended December 31, 2023, we received a $3.2 million distribution fr

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS Asset Acquisitions The Company closed on the following asset acquisitions during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition 2024 August 30, 2024 Parkside West Cobb Atlanta Multi-tenant retail 141,627 $ 40,125 2023 September 22, 2023 Prestonwood Place Dallas/Ft. Worth Multi-tenant retail 155,975 $ 81,000 2022 February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas/Ft. Worth Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770 The above acquisitions were funded using a combination of available cash on hand, proceeds from dispositions and borrowings on the Company’s unsecured revolving line of credit. The fair values 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, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Investment properties, net $ 38,080 $ 75,506 $ 99,096 Tenant and other receivables, net 18 — — Lease-related intangible assets, net (1) 4,607 6,971 5,223 Other assets — — 11 Total acquired assets 42,705 82,477 104,330 Accounts payable and accrued expenses 664 2,823 1,140 Deferred revenue and other liabilities 2,496 1,556 2,855 Total assumed liabilities 3,160 4,379 3,995 Fair value of net assets acquired $ 39,545 $ 78,098 $ 100,335 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.1 years, 6.2 years, and 6.7 years for asset acquisitions completed during the years ended December 31, 2024, 2023 and 2022, 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: 2024 2023 2022 Net rental rate per square foot – Retail Anchors $18.75 to $19.00 N/A $20.50 to $40.00 Net rental rate per square foot – Small Shops $20.00 to $45.00 $30.00 to $65.00 $24.00 to $65.00 Discount rate 8.50% 8.50% 5.75% to 7.25% The results of operations for each of the properties acquired through asset acquisitions during the years ended December 31, 2024, 2023 and 2022 have been included in operations since their respective dates of acquisition. Subsequent to December 31, 2024, the Company acquired Village Commons, a 170,976-square-foot, grocery-anchored, multi-tenant retail property in the Miami MSA, for a gross purchase price of $68.4 million.

DISPOSITIONS AND IMPAIRMENT CHA

DISPOSITIONS AND IMPAIRMENT CHARGES	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND IMPAIRMENT CHARGES	DISPOSITIONS AND IMPAIRMENT CHARGES The Company closed on the following dispositions during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) 2024 May 31, 2024 Ashland & Roosevelt Chicago Multi-tenant retail 104,176 $ 30,600 $ (1,234) 2023 May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,638 September 11, 2023 Reisterstown Road Plaza Baltimore Multi-tenant retail & office 376,683 48,250 (5,773) October 24, 2023 Eastside Dallas/Ft. Worth Multi-tenant retail & office 43,640 14,425 — 578,495 $ 142,050 $ 22,601 2022 January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (3) — 10,000 (57) 100,016 $ 75,550 $ 27,069 (1) The Company sold a portion of the redevelopment at Hamilton Crossing Centre. The total number of properties in our portfolio was not affected by this transaction. (2) Plaza Del Lago also contained 8,800 square feet of residential space comprised of 18 multifamily rental units. (3) The Company sold the ground lease interest in one tenant at Lincoln Plaza, an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction. During the year ended December 31, 2024, the Company also received net proceeds of $6.4 million and recognized a gain of $2.5 million in connection with the sale of the first phase of a land parcel and the rights to develop 24 residential units at One Loudoun Expansion. In addition, during the year ended December 31, 2024, the Company received proceeds of $0.6 million and recognized a gain of $0.6 million as a result of the receipt of an escrow related to the disposition of Reisterstown Road Plaza that previously closed on September 11, 2023. Since June 30, 2024, we have classified City Center, a 362,278 square foot multi-tenant retail property in the New York MSA, as held for sale as the Company has committed to a plan to sell this asset and expects that the sale will be completed within one year. This property qualified for held-for-sale accounting treatment upon meeting all applicable GAAP criteria as of June 30, 2024, at which time depreciation and amortization were ceased. In addition, the assets and liabilities associated with this property remain separately classified as held for sale in the accompanying consolidated balance sheet as of December 31, 2024. No properties qualified for held-for-sale accounting treatment as of December 31, 2023. As of June 30, 2024, in connection with the preparation and review of the second quarter 2024 financial statements and in conjunction with classifying City Center as held for sale, we evaluated City Center for impairment and recorded a $66.2 million impairment charge due to changes in the facts and circumstances underlying the Company’s expected future hold period of the property. A shortening of the expected future hold period is considered an impairment indicator; therefore, we assessed the recoverability of City Center by comparing the carrying value of long-lived assets of $135.1 million as of June 30, 2024 to its estimated fair value of $69.6 million, which was determined using the income approach, less estimated selling costs of $0.7 million. The income approach involves discounting the estimated income stream and reversion (presumed sale) value of a property over an estimated hold period to a present value at a risk-adjusted rate. We used capitalization rates as a significant assumption in the valuation model, which are considered to be Level 3 inputs within the fair value hierarchy. We applied capitalization rates ranging from 6.0% to 15.0% to property income streams based upon the risk profile of the respective tenants and market rent of the leasable space. Based on this analysis, we recorded a $66.2 million non-cash impairment charge on City Center during the three months ended June 30, 2024. Subsequent to December 31, 2024, the Company received bona fide purchase offers on City Center with a range of expected sales prices that are in line with the Company’s estimated fair value of $69.6 million determined as of June 30, 2024. Therefore, the estimated fair value of City Center determined as of June 30, 2024 continues to be a reasonable estimate of value. The following table presents the assets and liabilities associated with City Center, the investment property that remains classified as held for sale as of December 31, 2024 (in thousands) : December 31, 2024 Assets Net investment properties $ 68,991 Tenant and other receivables 1,760 Restricted cash and escrow deposits 225 Deferred costs, net 2,634 Prepaid and other assets 181 Assets associated with investment property held for sale $ 73,791 Liabilities Accounts payable and accrued expenses $ 544 Deferred revenue and other liabilities 3,465 Liabilities associated with investment property held for sale $ 4,009 During the year ended December 31, 2023, in connection with the preparation and review of the third quarter 2023 financial statements, the Company recorded a $0.5 million impairment charge in connection with the sale of Eastside, a 43,640 square foot, multi-tenant retail property in the Dallas/Ft. Worth MSA, as a result of a change in the expected hold period. The Company recorded the asset at the lower of cost or fair value less estimated costs to sell, which was approximately $14.1 million. The estimated fair value of Eastside was based upon the expected sales price from an executed sales contract and determined to be a Level 3 input within the fair value hierarchy. Eastside was sold on October 24, 2023 for a gross sales price of $14.4 million. There were no discontinued operations for the years ended December 31, 2024, 2023 and 2022 as none of the dispositions or planned 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, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	SHARE-BASED COMPENSATION Overview The Company’s 2013 Equity Incentive Plan was amended and restated as of May 11, 2022 (the “Equity Plan”) to, among other things, provide for the issuance of up to an additional 3,000,000 common share equivalents of the Company. The Equity Plan authorizes the issuance of share options, share appreciation rights, restricted shares and units, long-term incentive plan units (“LTIP Units”), “appreciation only” LTIP Units (“AO LTIP Units”), performance awards, and other share-based awards to employees and trustees. As of December 31, 2024, there were 4,645,972 common share equivalents available for grant under the Equity Plan. The Company accounts for its share-based compensation in accordance with the fair value recognition provisions provided in ASC 718, Stock Compensation . During the years ended December 31, 2024, 2023 and 2022, the Company recognized $10.2 million, $10.1 million, and $10.3 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, 2024, 2023 and 2022, the Company capitalized $1.6 million, $1.4 million, and $1.3 million of share-based compensation for development activities, respectively. The Company recognizes forfeitures as they occur. Share Options Pursuant to the Equity Plan, the Company may periodically grant options to purchase common shares at an exercise price equal to the grant date fair value of the Company’s common shares. Options granted typically vest over a five-year period and expire 10 years from the grant date. The Company issues new common shares upon the exercise of options. There was no option activity during the years ended December 31, 2024 and 2023 as all outstanding options were exercised during 2022. In addition, no options were granted during the years ended December 31, 2024, 2023 or 2022. The aggregate intrinsic value of the 1,250 options exercised during the year ended December 31, 2022 was $3,300. Restricted Shares The Equity Plan authorizes the grant of restricted common shares, which are considered outstanding shares from the date of grant and typically vest over a period ranging from three The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2024: Number of Weighted Average Restricted shares outstanding as of January 1, 2024 337,077 $ 21.28 Shares granted 256,134 21.20 Shares forfeited (32,117) 21.11 Shares vested (175,858) 20.99 Restricted shares outstanding as of December 31, 2024 385,236 $ 21.37 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2024 256,134 $ 21.20 $ 3,736 2023 229,551 $ 21.45 $ 3,936 2022 206,855 $ 21.15 $ 4,459 As of December 31, 2024, there was $4.9 million of total unrecognized compensation expense related to restricted shares, which is expected to be recognized over a weighted average period of one year. We expect to incur approximately $3.1 million of this expense in 2025, $1.6 million in 2026, and the remainder in 2027. LTIP Units Time-based LTIP Unit awards were granted on a discretionary basis to the Company’s named executive officers during the years ended December 31, 2024, 2023 and 2022 based on a review of the prior year’s performance. The following table summarizes the activity for the LTIP Units that were granted to the Company’s named executive officers for the year ended December 31, 2024: Number of Weighted Average LTIP Units outstanding as of January 1, 2024 402,870 $ 15.61 LTIP Units granted 194,136 16.99 LTIP Units vested (186,297) 15.26 Restricted units outstanding as of December 31, 2024 410,709 $ 16.43 The following table summarizes the LTIP Unit grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2024 194,136 $ 16.99 $ 4,270 2023 163,515 $ 17.45 $ 3,740 2022 138,505 $ 17.07 $ 3,173 As of December 31, 2024, there was $4.4 million of total unrecognized compensation expense related to LTIP Units, which is expected to be recognized over a weighted average period of 1.0 year. We expect to incur approximately $2.9 million of this expense in 2025, $1.3 million in 2026, and the remainder in 2027. AO LTIP Units During the years ended December 31, 2024, 2023 and 2022, the Company’s executive officers exercised 485,593, 551,817, and 439,415 AO LTIP Units, respectively, which were previously granted in connection with the Company’s annual review of executive compensation. 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 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 became exercisable and convertible into vested LTIP Units of the Operating Partnership after they became vested AO LTIP Units. The awards of AO LTIP Units were subject to both time-based and stock price performance-based vesting requirements. Subject to the terms of the award agreements, the AO LTIP Units vested and became fully exercisable as of the date that both of the following requirements had 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 five-year period following the grant date for awards granted in 2019 and 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 awards granted in 2020 and 2021, the reported closing price per common share of the Company appreciates at least 20% for awards granted in 2019 and at least 15% for awards granted in 2020 and 2021 over the applicable Participation Threshold per AO LTIP Unit for a minimum of 20 consecutive trading days. The AO LTIP Units were valued using a Monte Carlo simulation and the resulting compensation expense was amortized over a period of three Special Long-Term Equity Award In January 2022, the Compensation Committee of the Company’s Board of Trustees granted a total of 363,883 LTIP Units to the Company’s named executive officers as a special long-term equity award related to the October 2021 merger with RPAI, which are subject to both performance and service conditions. The LTIP Units granted were subject to an approximate three-year performance and service period, from October 23, 2021 through December 31, 2024, with the following performance components: (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 can increase (or decrease) the total number of LTIP Units eligible to vest by up to 25% (not to exceed the maximum number of LTIP Units). Distributions will accrue during the performance period and be paid only on LTIP Units that vest at the conclusion of the performance period, and any accrued distributions on vested LTIP Units will be settled in cash at such time.

DEFERRED COSTS AND INTANGIBLES,

DEFERRED COSTS AND INTANGIBLES, NET	12 Months Ended
	Dec. 31, 2024
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, 2024 and 2023, deferred costs consisted of the following (in thousands) : December 31, 2024 December 31, 2023 Acquired lease intangible assets $ 357,674 $ 433,771 Deferred leasing costs and other 89,762 74,662 447,436 508,433 Less: accumulated amortization (206,589) (204,262) $ 240,847 $ 304,171 Less: deferred costs associated with investment property held for sale (2,634) — Deferred costs, net $ 238,213 $ 304,171 The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2025 $ 6,722 $ 43,502 $ 50,224 2026 4,777 30,030 34,807 2027 3,402 20,561 23,963 2028 2,363 16,167 18,530 2029 1,124 11,128 12,252 Thereafter 1,405 26,882 28,287 Total $ 19,793 $ 148,270 $ 168,063 The amortization of deferred leasing costs, lease intangibles and other is included within “Depreciation and amortization” in the accompanying consolidated statements of operations and comprehensive income. The amortization of above-market lease intangibles is included as a reduction to “Rental income” in the accompanying consolidated statements of operations and comprehensive income. The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 77,224 $ 107,542 $ 150,245 Amortization of above-market lease intangibles $ 9,479 $ 12,007 $ 13,562

DEFERRED REVENUE, INTANGIBLES,

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2024
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, 2024 and 2023, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2024 December 31, 2023 Unamortized in-place lease liabilities $ 142,035 $ 159,449 Retainages payable and other 8,317 9,229 Tenant rents received in advance 32,176 35,339 Lease liabilities 67,037 68,925 $ 249,565 $ 272,942 Less: deferred revenue associated with investment property held for sale (3,465) — Deferred revenue and other liabilities $ 246,100 $ 272,942 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 $19.6 million, $24.0 million, and $18.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : 2025 $ 14,600 2026 12,110 2027 10,126 2028 9,504 2029 8,294 Thereafter 87,401 Total $ 142,035

MORTGAGE AND OTHER INDEBTEDNESS

MORTGAGE AND OTHER INDEBTEDNESS	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
MORTGAGE AND OTHER INDEBTEDNESS	MORTGAGE AND OTHER INDEBTEDNESS The following table summarizes the Company’s indebtedness as of December 31, 2024 and 2023 (in thousands) : December 31, 2024 December 31, 2023 Mortgages payable $ 148,185 $ 153,306 Senior unsecured notes 2,380,000 1,829,635 Unsecured term loans 700,000 820,000 Unsecured revolving line of credit — — 3,228,185 2,802,941 Unamortized discounts and premiums, net 22,191 35,765 Unamortized debt issuance costs, net (23,446) (9,504) Mortgage and other indebtedness, net $ 3,226,930 $ 2,829,202 Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2024, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 3,058,585 95 % 4.08 % 4.3 Variable rate debt (2) 169,600 5 % 7.64 % 1.7 Debt discounts, premiums and issuance costs, net (1,255) N/A N/A N/A Mortgage and other indebtedness, net $ 3,226,930 100 % 4.27 % 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, 2024, $700.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 0.9 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2024, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 0.7 years. Mortgages Payable The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2024 December 31, 2023 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 133,585 5.10 % 7.1 $ 136,306 5.09 % 8.1 Variable rate mortgage payable (2) 14,600 6.48 % 1.6 17,000 7.59 % 2.6 Total mortgages payable $ 148,185 $ 153,306 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2024 and 2023. (2) On October 1, 2024, the index on the variable rate mortgage was replaced with the Secured Overnight Financing Rate (“ SOFR BSBY Mortgages payable, which are secured by certain real estate and, in some cases, by guarantees from the Operating Partnership, are generally due in monthly installments of principal and interest and mature over various terms through 2033. During the year ended December 31, 2024, we made scheduled principal payments of $5.1 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, 2024 December 31, 2023 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.58% due 2024 June 30, 2024 $ — — % $ 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR (1) September 10, 2025 80,000 7.70 % 80,000 9.27 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR (2) September 10, 2027 75,000 7.80 % 75,000 9.37 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Senior notes – 4.95% due 2031 December 15, 2031 350,000 4.95 % — — % Senior notes – 5.50% due 2034 (3) March 1, 2034 350,000 4.60 % — — % Total senior unsecured notes $ 2,380,000 $ 1,829,635 (1) $80,000 of 4.47% senior unsecured notes due 2025 has been swapped to a variable rate of three-month SOFR (2) $75,000 of 4.57% senior unsecured notes due 2027 has been swapped to a variable rate of three-month SOFR (3) The coupon rate of the Notes Due 2034 (defined below) is 5.50%; however, as a result of hedging activities, the Company’s interest rate is 4.60%. Private Placement Senior Unsecured Notes In October 2021, in connection with the merger with Retail Properties of America, Inc. (“RPAI”), the Operating Partnership entered into a number of assumption agreements pursuant to which the Operating Partnership assumed all of RPAI’s obligations under RPAI’s existing note purchase agreements related to an aggregate of $450.0 million in principal of privately placed senior unsecured notes. During the year ended December 31, 2024, the Company repaid the $149.6 million principal balance of the 4.58% senior unsecured notes that matured on June 30, 2024. 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 interest rate of 4.41% and an average maturity of 9.8 years (collectively, the “Private Placement Notes”). During the year ended December 31, 2023, the Company repaid the $95.0 million principal balance of the 4.23% senior unsecured notes that matured on September 10, 2023. Each series of Private Placement Notes requires semi-annual interest payments each year until maturity. The Operating Partnership may prepay at any time all, or from time to time any part of, any series of the Private Placement Notes in an amount not less than 5% of the aggregate principal amount of such series of the Private Placement Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid plus a make-whole amount (as defined in the applicable note purchase agreement). The make-whole amount is equal to the excess, if any, of the discounted value of the remaining scheduled payments with respect to the Private Placement Notes being prepaid over the amount of such Private Placement Notes. Each note purchase agreement contains customary financial maintenance covenants, including a maximum total leverage ratio, secured and unsecured leverage ratios, and a minimum interest coverage ratio. Each note purchase agreement also contains restrictive covenants that restrict the ability of the Operating Partnership and its subsidiaries to, among other things, enter into transactions with affiliates, merge or consolidate, transfer assets, or incur liens. Further, each note purchase agreement contains customary events of default, including in relation to non-payment, breach of covenants, defaults under certain other indebtedness, judgment defaults, and bankruptcy events. In the case of an event of default, the holders of the Private Placement Notes may, among other remedies, accelerate the payment of all obligations. Publicly Placed Senior Unsecured Notes In August 2024, the Operating Partnership completed a public offering of $350.0 million in aggregate principal amount of 4.95% senior unsecured notes due 2031 (the “Notes Due 2031”). The Notes Due 2031 were priced at 99.328% of the principal amount to yield 5.062% to maturity and will mature on December 15, 2031, unless earlier redeemed. The Company expects the proceeds will be used to repay the $350.0 million principal balance of the 4.00% senior unsecured notes due 2025 (the “Notes Due 2025”) and for general corporate purposes. In January 2024, the Operating Partnership completed a public offering of $350.0 million in aggregate principal amount of 5.50% senior unsecured notes due 2034 (the “Notes Due 2034”). The Notes Due 2034 were priced at 98.670% of the principal amount to yield 5.673% to maturity and will mature on March 1, 2034, unless earlier redeemed. The proceeds were used to repay the $149.6 million principal balance of the 4.58% senior unsecured notes that matured on June 30, 2024, the $120.0 million unsecured term loan that matured on July 17, 2024 (the “$120M Term Loan”), and for general corporate purposes. In October 2021, in connection with the merger with RPAI, the Operating Partnership (as successor by merger to RPAI) assumed all of RPAI’s outstanding $750.0 million aggregate principal of publicly placed senior unsecured notes. In addition, the Operating Partnership completed a $300.0 million public offering of 4.00% senior unsecured notes in September 2016 (collectively, the “Public Placement Notes”). The Public Placement Notes require semi-annual interest payments each year until maturity. The Public Placement Notes are the direct, senior unsecured obligations of the Operating Partnership and rank equally in right of payment with all of its existing and future unsecured and unsubordinated indebtedness. The Operating Partnership may redeem the Public Placement Notes at its option and in its sole discretion, at any time or from time to time, prior to three months prior to the respective maturity date (such date, the “Par Call Date”), at a redemption price equal to 100% of the principal amount of the applicable Public Placement Notes being redeemed, plus accrued and unpaid interest and a “make-whole” premium calculated in accordance with the indenture. Redemptions on or after the respective Par Call Date are not subject to the addition of a “make-whole” premium. Exchangeable Senior Notes In March 2021, the Operating Partnership issued $175.0 million aggregate principal amount of 0.75% exchangeable senior notes maturing in April 2027 (the “Exchangeable Notes”). The Exchangeable Notes are governed by an indenture between the Operating Partnership, the Company and U.S. Bank National Association, as trustee. The Exchangeable Notes were sold in the U.S. only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional investors pursuant to Rule 144A under the Securities Act. The net proceeds from the offering of the Exchangeable Notes were approximately $169.7 million after deducting the underwriting fees and other expenses paid by the Company. The Exchangeable Notes bear interest at a rate of 0.75% per annum, payable semi-annually in arrears, and will mature on April 1, 2027. During each of the years ended December 31, 2024, 2023 and 2022, we recognized approximately $1.3 million of interest expense related to 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 initial exchange rate was 39.6628 common shares per $1,000 principal amount of Exchangeable Notes, which was equivalent to an initial exchange price of approximately $25.21 per common share and an exchange premium of approximately 25% based upon the closing price of $20.17 per common share on March 17, 2021. The exchange rate is subject to adjustment upon the occurrence of certain events but will not be adjusted for any accrued and unpaid interest. As of December 31, 2024, the exchange rate of the Exchangeable Notes is 41.1225 common shares per $1,000 principal amount of Exchangeable Notes due to adjustments related to dividends paid. 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 Operating Partnership 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 generally expected 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 represented a premium of approximately 50% over the last reported sale price of our common shares on March 17, 2021 and is subject to anti-dilution adjustments under the terms of the Capped Call Transactions. We incurred $9.8 million of costs related to the Capped Call Transactions, which are included within “Additional paid-in capital” in the accompanying consolidated balance sheets. Unsecured Term Loans and Revolving Line of Credit The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2024 December 31, 2023 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ — — % $ 120,000 2.68 % Unsecured term loan due 2026 – fixed rate (2) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2027 – fixed rate (3) October 24, 2027 250,000 3.94 % 250,000 5.09 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 3.72 % 300,000 3.82 % Total unsecured term loans $ 700,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) October 3, 2028 $ — 5.64 % $ — 6.58 % (1) As of December 31, 2023, $120,000 of SOFR (2) $150,000 of SOFR (3) $250,000 of SOFR (4) $300,000 of SOFR (5) The revolving line of credit can be extended for either one one-year period or up to two six-month periods at the Company’s election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity. Unsecured Revolving Credit Facility In October 2024, the Operating Partnership, as borrower, and the Company entered into the Third Amendment (the “Third Amendment”) to the Sixth Amended and Restated Credit Agreement, dated as of July 8, 2021 (as amended, the “Credit Agreement”) with a syndicate of financial institutions to provide for an unsecured revolving credit facility aggregating $1.1 billion (the “Revolving Facility”) and a seven-year $300.0 million unsecured term loan that matures in July 2029 (the “$300M Term Loan”). Under the Credit Agreement, the Operating Partnership has the option, subject to certain customary conditions, to increase the Revolving Facility and/or incur additional term loans up to a maximum aggregate amount not to exceed $2.0 billion. The Third Amendment extended the maturity date of the Revolving Facility to October 3, 2028, which maturity date may be extended for either one one-year period or up to two six-month periods at the Operating Partnership’s option, subject to certain conditions. Borrowings under the Revolving Facility bear interest at a rate per annum equal to SOFR plus a margin based on the Operating Partnership’s leverage ratio or credit rating, respectively, plus a facility fee based on the Operating Partnership’s leverage ratio or credit rating, respectively. The SOFR The following table summarizes the key terms of the Revolving Facility as of December 31, 2024 (dollars in thousands) : Leverage-Based Pricing Investment-Grade Pricing Credit Agreement Maturity Date Extension Options Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR $1,100,000 unsecured revolving line of credit 10/3/2028 1 one-year or 2 six-month 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, 2024, we were in compliance with all such covenants. The Credit Agreement includes customary representations and warranties, which must continue to be true and correct in all material respects as a condition to future draws under the Revolving Facility. The Credit Agreement also contains customary events of default, the occurrence of which, following any applicable grace period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations under the Credit Agreement to be immediately due and payable. Unsecured Term Loans In July 2022, in conjunction with the second amendment to the Credit Agreement, 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 Agreement also applied the Leverage Toggle and adjustment to the sustainability-linked pricing provisions to the $300M Term Loan. In October 2021, in connection with the merger with RPAI, the Operating Partnership (as successor by merger to RPAI) assumed RPAI’s $120M Term Loan and $150.0 million unsecured term loan that matures in July 2026 (the “$150M Term Loan”), which were originally priced on a leverage-based pricing grid with the credit spread set forth in the leverage grid resetting quarterly based upon the Company’s leverage, as calculated at the previous quarter end. The Operating Partnership had the option to irrevocably elect to convert to a ratings-based pricing grid at any time. In August 2022, the Operating Partnership made the election to convert to the ratings-based pricing grid. During the year ended December 31, 2024, the Operating Partnership repaid the $120M Term Loan that matured on July 17, 2024. On October 31, 2024, the Operating Partnership entered into a fifth amendment to the loan agreement related to the $150M Term Loan that implemented certain changes to the representations and warranties, covenants, and events of default consistent with the Third Amendment. The loan 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. The greenhouse gas emission reduction targets have not been achieved as of December 31, 2024. Under the loan agreement related to the $150M Term Loan, the Operating Partnership has the option to increase the term loan 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 the $150M Term Loan in whole or in part, at any time, without being subject to a prepayment fee. In October 2018, the Operating Partnership entered into a term loan agreement with a group of financial institutions providing for an unsecured term loan facility of up to $250.0 million (the “$250M Term Loan”). In October 2024, the Operating Partnership entered into the Second Amendment (the “Second Amendment”) to the term loan agreement that extended the maturity date of the $250M Term Loan to October 24, 2027 with the option to extend such maturity date by one one-year period at the Company’s election, subject to the payment of an extension fee and certain other customary conditions. In conjunction with the Second Amendment, the $250M Term Loan is priced on a ratings-based pricing grid with the interest rate equal to (x) a margin ranging from 0.75% to 1.60% or (y) a base rate plus a margin ranging from 0.00% to 0.60% and includes the same Leverage Toggle for determining pricing and sustainability-linked pricing provisions as described above for the Third Amendment to the Credit Agreement. In conjunction with the Second Amendment to the term loan agreement, the Company recorded a $0.2 million loss on extinguishment of debt related to the write-off of unamortized debt issuance costs. 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 without premium or penalty. The unsecured term loan agreements contain representations, financial and other affirmative and negative covenants, and events of default that are substantially similar to those contained in the Credit Agreement. The unsecured term loan agreements all rank pari passu with the Operating Partnership’s Revolving Facility and other unsecured indebtedness of the Operating Partnership. The following table summarizes the key terms of the unsecured term loans as of December 31, 2024 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment-Grade Pricing SOFR $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $250,000 unsecured term loan due 2027 10/24/2027 (1) N/A 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended by one one-year period at the Operating Partnership’s option, subject to certain conditions. Debt Issuance Costs Debt issuance costs are amortized over the terms of the respective loans. 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, 2024 2023 2022 Amortization of debt issuance costs $ 4,650 $ 3,609 $ 3,163 Debt Discounts and Premiums Debt discounts and premiums, including the related value of interest rate swaps that were assumed in the October 2021 merger with RPAI, are amortized over the terms of the respective loan agreements. The following amounts of amortization are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of debt discounts, premiums and hedge instruments $ 13,592 $ 19,503 $ 20,140 In addition, the estimated amounts of the reduction to interest expense as of December 31, 2024 for each of the next five years and thereafter related to the amortization of debt discounts, premiums and assumed hedge instruments, assuming these instruments are held to maturity, are as follows (in thousands) : 2025 $ 7,486 2026 5,832 2027 4,914 2028 4,904 2029 3,978 Thereafter 484 Total unamortized debt discounts, premiums and hedge instruments $ 27,598 The following table reconciles total unamortized debt discounts, premiums and hedge instruments as of December 31, 2024 to the balance of unamortized discounts and premiums, net (in thousands) : Unamortized discounts and premiums on mortgages payable, senior unsecured notes and unsecured term loans $ 26,128 Unamortized hedge instruments 1,470 Total unamortized debt discounts, premiums and hedge instruments 27,598 Unamortized hedge instruments (included in accumulated other comprehensive income) (1,470) Fair value of variable interest rate swaps (3,937) Unamortized discounts and premiums, net $ 22,191 Debt Maturities The following table summarizes the scheduled maturities and principal amortization of the Company’s indebtedness as of December 31, 2024 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2025 $ 5,248 $ — $ 430,000 $ 435,248 2026 4,581 10,600 550,000 565,181 2027 3,120 — 500,000 503,120 2028 3,757 — 100,000 103,757 2029 4,324 — 400,000 404,324 Thereafter 23,767 92,788 1,100,000 1,216,555 $ 44,797 $ 103,388 $ 3,080,000 $ 3,228,185 Debt discounts, premiums and issuance costs, net (1,255) Mortgage and other indebtedness, net $ 3,226,930 Other Debt Activity During the years ended December 31, 2024, 2023 and 2022, we capitalized interest totaling $3.9 million, $3.7 million, and $2.4 million, respectively. Fair Value of Fixed and Variable Rate Debt As of December 31, 2024, the estimated fair value of fixed rate debt was $2.5 billion compared to the book value of $2.5 billion. The fair value was estimated using Level 2 and Level 3 inputs with cash flows discounted at current borrowing rates for similar instruments, which ranged from 5.92% to 7.06%. As of December 31, 2024, the estimated fair value of variable rate debt was $714.6 million compared to the book value of $715.9 million. The fair value was estimated using Level 2 and Level 3 inputs with cash flows discounted at a current borrowing rate for similar instruments of 5.48%.

DERIVATIVE INSTRUMENTS, HEDGING

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME	12 Months Ended
	Dec. 31, 2024
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. 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, 2024 and 2023 (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, 2024 December 31, 2023 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 2,307 $ 4,952 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 884 2,415 Cash Flow Two 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 2,101 5,716 Cash Flow Three — SOFR 1.58 % 8/15/2022 7/17/2024 — 2,236 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 5,316 7,744 $ 700,000 $ 10,608 $ 23,063 Fair Value (2) Two $ 155,000 SOFR SOFR 4/23/2021 9/10/2025 $ (3,937) $ (9,408) Forward-Starting Cash Flow (3) Three $ 150,000 SOFR 3.44 % 6/28/2024 6/28/2034 $ — $ (700) (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR (3) The forward-starting interest rate swaps were terminated in conjunction with the issuance of the Notes Due 2034 in January 2024. In August 2024, we entered into two intraday interest rate lock agreements with notional amounts totaling $350.0 million that fixed the interest rate on a portion of the Notes Due 2031, which were issued in August 2024, at 3.75%. We paid $0.1 million upon termination, which is included as a component of “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and is being reclassified as an increase to interest expense over the term of the debt. In December 2023, we entered into three forward-starting interest rate swap agreements with notional amounts totaling $150.0 million that swap a floating rate of compound SOFR for a fixed rate of 3.44% with an effective date of June 28, 2024 and a maturity date of June 28, 2034. These interest rate swaps fixed the interest rate on a portion of the Notes Due 2034, which were issued in January 2024, and were subsequently terminated upon issuance of the Notes Due 2034. We received $0.7 million upon termination, which is included as a component of “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and is being reclassified as a reduction to interest expense over the term of the debt. In October 2022, we terminated two forward-starting interest rate swaps with notional amounts totaling $150.0 million and a maturity date of June 1, 2032 and received $30.9 million upon termination. This settlement is included as a component of “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and is being reclassified to earnings over time as the hedged items are recognized in earnings. During the year ended December 31, 2023, we accelerated the reclassification of $3.1 million in accumulated other comprehensive income as a reduction to interest expense as a result of a portion of the hedged forecasted transaction becoming probable not to occur. These interest rate derivative agreements are the only assets or liabilities that we record at fair value on a recurring basis. The valuation of these assets and liabilities is determined using widely accepted techniques, including discounted cash flow analysis. These techniques consider the contractual terms of the derivatives (including the period to maturity) and use observable market-based inputs such as interest rate curves and implied volatilities. We also incorporate credit valuation adjustments into the fair value measurements to reflect nonperformance risk on both our part and that of the respective counterparties. We have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, although the credit valuation adjustments associated with our derivatives use Level 3 inputs such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. As of December 31, 2024 and 2023, we assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we have determined that our derivative valuations are classified within Level 2 of the fair value hierarchy. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to earnings over time as the hedged items are recognized in earnings. Approximately $17.4 million was reclassified as a reduction to interest expense during both of the years ended December 31, 2024 and 2023. Approximately $7.3 million was reclassified as an increase to interest expense during the year ended December 31, 2022. As interest payments on our derivatives are made over the next 12 months, we estimate the decrease to interest expense to be approximately $13.0 million, assuming the current SOFR curve. Unrealized gains and losses on our interest rate derivative agreements are the only components of the change in accumulated other comprehensive income.

LEASE INFORMATION

LEASE INFORMATION	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of the contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for the reimbursement of operating expenses are based upon the operating expense activity for the period. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Fixed contractual lease payments – operating leases $ 653,537 $ 637,915 $ 615,773 Variable lease payments – operating leases 156,200 151,853 151,304 Bad debt reserve (5,356) (3,459) (6,027) Straight-line rent adjustments 12,742 13,186 17,031 Straight-line rent reserve for uncollectibility (653) (1,374) (553) Amortization of in-place lease liabilities, net 10,078 12,025 4,821 Rental income $ 826,548 $ 810,146 $ 782,349 The weighted-average remaining term of the lease agreements is approximately 5.1 years. During the years ended December 31, 2024, 2023 and 2022, the Company earned overage rent totaling $7.1 million, $7.5 million, and $5.9 million, respectively. As of December 31, 2024, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2025 $ 643,851 2026 597,134 2027 524,291 2028 435,178 2029 332,941 Thereafter 999,811 Total $ 3,533,206 Commitments under Ground Leases As of December 31, 2024, 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 33.5 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, 2024, 2023 and 2022, the Company incurred ground lease expense on these operating leases of $6.3 million, $6.2 million, and $6.2 million, respectively. The Company made payments of $5.2 million, $5.2 million, and $5.1 million during the years ended December 31, 2024, 2023 and 2022, respectively, which are included within operating cash flows. As of December 31, 2024, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2025 $ 5,169 2026 5,174 2027 5,219 2028 4,979 2029 4,935 Thereafter 100,709 $ 126,185 Adjustment for discounting (59,148) Lease liabilities as of December 31, 2024 $ 67,037
LEASE INFORMATION	LEASE INFORMATION Rental Income The Company receives rental income from the leasing of retail and office space. The lease agreements generally provide for certain increases in base rent, reimbursement for certain operating expenses, and may require tenants to pay contingent rent to the extent their sales exceed a defined threshold. Certain tenants have the option in their lease agreement to extend their lease upon the expiration of the contractual term. Variable lease payments are based upon tenant sales information and are recognized once a tenant’s sales volume exceeds a defined threshold. Variable lease payments for the reimbursement of operating expenses are based upon the operating expense activity for the period. Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Fixed contractual lease payments – operating leases $ 653,537 $ 637,915 $ 615,773 Variable lease payments – operating leases 156,200 151,853 151,304 Bad debt reserve (5,356) (3,459) (6,027) Straight-line rent adjustments 12,742 13,186 17,031 Straight-line rent reserve for uncollectibility (653) (1,374) (553) Amortization of in-place lease liabilities, net 10,078 12,025 4,821 Rental income $ 826,548 $ 810,146 $ 782,349 The weighted-average remaining term of the lease agreements is approximately 5.1 years. During the years ended December 31, 2024, 2023 and 2022, the Company earned overage rent totaling $7.1 million, $7.5 million, and $5.9 million, respectively. As of December 31, 2024, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2025 $ 643,851 2026 597,134 2027 524,291 2028 435,178 2029 332,941 Thereafter 999,811 Total $ 3,533,206 Commitments under Ground Leases As of December 31, 2024, 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 33.5 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, 2024, 2023 and 2022, the Company incurred ground lease expense on these operating leases of $6.3 million, $6.2 million, and $6.2 million, respectively. The Company made payments of $5.2 million, $5.2 million, and $5.1 million during the years ended December 31, 2024, 2023 and 2022, respectively, which are included within operating cash flows. As of December 31, 2024, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2025 $ 5,169 2026 5,174 2027 5,219 2028 4,979 2029 4,935 Thereafter 100,709 $ 126,185 Adjustment for discounting (59,148) Lease liabilities as of December 31, 2024 $ 67,037

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING An operating segment is a component of a public entity that engages in business activities from which it may earn revenues and incur expenses and has discrete financial information available that is regularly reviewed by the chief operating decision maker (the “CODM”). The Company’s primary business is the ownership and operation of high-quality, open-air shopping centers and mixed-use assets that are primarily grocery-anchored and located in high-growth Sun Belt markets and select strategic gateway markets in the United States. We derive our revenue primarily from the collection of contractual rents and reimbursement payments from tenants under existing lease agreements at each of our properties. The Company’s CODM, which is its Chief Executive Officer, regularly reviews operating and financial information for each property on an individual basis; therefore, each property represents an individual operating segment. The CODM does not distinguish or group our operations on a geographical or any other basis for purposes of measuring performance and allocating capital. Across our properties, the financial performance, revenue generating activities, and customer base is determined to be economically similar; therefore, all operating segments have been aggregated into one reportable segment. The CODM measures and evaluates the financial performance of our portfolio of properties and decides how resources are allocated based on net operating income. The CODM uses net operating income to evaluate income generated from each property in deciding whether to reinvest profits for recurring capital expenditures or into other parts of the business, such as for acquisitions, developments, scheduled interest and principal payments on our indebtedness, or to pay dividends. Net operating income is also used to monitor budget versus actual results in assessing the performance of our properties. The CODM does not regularly review total assets for our single reportable segment as total assets are not used to assess performance or allocate resources. The following table presents information on the Company’s reported segment revenue, net operating income, and significant segment expenses that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss: Year Ended December 31, 2024 2023 2022 Revenue: Minimum rent $ 650,331 $ 642,255 $ 620,847 Tenant reimbursements 174,510 163,877 161,594 Bad debt reserve (5,356) (3,459) (6,027) Other property-related revenue 8,787 6,416 8,756 Overage rent 7,063 7,473 5,935 Total revenue 835,335 816,562 791,105 Expenses: Property operating – recoverable 96,894 90,180 91,295 Property operating – non-recoverable 15,455 16,348 14,400 Real estate taxes 103,301 101,780 103,759 Total expenses 215,650 208,308 209,454 Net operating income 619,685 608,254 581,651 Other (expense) income: Other general and administrative expenses (52,558) (56,142) (54,860) Fee income 4,663 4,366 8,539 Impairment charges (66,201) (477) — Depreciation and amortization (393,335) (426,361) (469,805) Merger and acquisition costs — — (925) Interest expense (125,691) (105,349) (104,276) Equity in (loss) earnings of unconsolidated subsidiaries (1,158) 33 256 Gain on sale of unconsolidated property, net 2,325 — — Income tax expense of taxable REIT subsidiaries (139) (533) (43) Loss on extinguishment of debt (180) — — Other income, net 17,869 1,991 240 (Loss) gain on sales of operating properties, net (864) 22,601 27,069 Net income (loss) 4,416 48,383 (12,154) Net income attributable to noncontrolling interests (345) (885) (482) Net income (loss) attributable to common shareholders $ 4,071 $ 47,498 $ (12,636)

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
SHAREHOLDERS’ EQUITY	SHAREHOLDERS’ EQUITY Distributions Our Board of Trustees declared a cash distribution of $0.27 per common share and Common Unit for the fourth quarter of 2024. This distribution was paid on January 16, 2025 to common shareholders and common unitholders of record as of January 9, 2025. For the years ended December 31, 2024, 2023 and 2022, we declared cash distributions totaling $1.03, $0.97, and $0.87, respectively, per common share and Common Unit. Share Repurchase Program In February 2021, our Board of Trustees approved a share repurchase program under which the Company may repurchase, from time to time, up to an aggregate of $150.0 million of its common shares. In April 2022, our Board of Trustees authorized a $150.0 million increase to the size of the share repurchase program, authorizing share repurchases up to a maximum of $300.0 million of its common shares (the “Share Repurchase Program”). The Company intends to fund any future repurchases under the Share Purchase Program with cash on hand or availability under the Revolving Facility, subject to any applicable restrictions. The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will depend upon prevailing market conditions, regulatory requirements, and other factors. In January 2025, the Company extended the Share Repurchase Program for an additional year to February 28, 2026, if not terminated or extended prior to that date. As of December 31, 2024, the Company has not repurchased any shares under the Share Repurchase Program. Dividend Reinvestment and Share Purchase Plan We maintain a dividend reinvestment and share purchase plan that offers shareholders and new investors the option to invest all or a portion of their common share dividends in additional common shares. Participants in this plan are also able to make optional cash investments with certain restrictions.

EARNINGS PER SHARE OR UNIT

EARNINGS PER SHARE OR UNIT	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE OR UNIT	EARNINGS PER SHARE OR UNIT 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 calculated based on the weighted average number of common shares or units outstanding during the period combined with the incremental weighted 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) AO LTIP Units; (iv) deferred common share units, which may be credited to the personal accounts of members of the Board of Trustees in lieu of compensation paid in cash or the issuance of common shares to such trustees, and (v) common shares issuable upon the exchange of the Company’s Exchangeable Notes. The Company calculates the potential dilutive effect of the Exchangeable Notes under the if-converted method, which considers only the amounts settled in excess of the principal in diluted earnings per share as the principal must be paid in cash. Limited Partner Units have been omitted from the Parent Company’s denominator for the purpose of computing diluted earnings per share since the effect of including those amounts in the denominator would have no dilutive impact. Weighted average Limited Partner Units outstanding were 3.8 million, 3.2 million, and 2.8 million for the years ended December 31, 2024, 2023 and 2022, respectively. The following summarizes the calculation of basic and diluted earnings per share for the Parent Company for the years ended December 31, 2024, 2023 and 2022. We have omitted the calculation of basic and diluted earnings per unit since the dilutive securities for the Operating Partnership are the same as those for the Parent Company (dollars in thousands, except per share data) : Year Ended December 31, 2024 2023 2022 Numerator: Net income (loss) attributable to common shareholders – basic and diluted $ 4,071 $ 47,498 $ (12,636) Denominator: Weighted average common shares outstanding – basic 219,614,149 219,344,832 219,074,448 Effect of dilutive securities: AO LTIP Units 43,331 325,603 — Deferred common share units 70,016 57,848 — Exchangeable Notes — — — Weighted average common shares outstanding – diluted 219,727,496 219,728,283 219,074,448 Net income (loss) per common share – basic $ 0.02 $ 0.22 $ (0.06) Net income (loss) per common share – diluted $ 0.02 $ 0.22 $ (0.06) Due to the net loss allocable to common shareholders and common unitholders for the year ended December 31, 2022, no securities had a dilutive impact for that period.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
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 that are 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 was limited to $5.9 million, and the guaranty’s term was through July 1, 2024, the maturity date of the construction loan. In July 2024, the joint venture repaid the construction loan, of which we contributed $10.2 million, representing our 35% share of the debt repaid. 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, 2024, the outstanding balance of the loans was $68.4 million, of which our share was $34.2 million. Legal Proceedings We are not subject to any material litigation, nor, to management’s knowledge, is any material litigation currently threatened against us. We are parties to routine litigation, claims, and administrative proceedings arising in the ordinary course of business. Management believes that such matters will not have a material adverse impact on our consolidated financial condition, results of operations or cash flows taken as a whole.

RELATED PARTIES AND RELATED PAR

RELATED PARTIES AND RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
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, 2024, 2023 and 2022, 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, 2024, 2023 and 2022, we paid $0.2 million, $0.3 million, and $0.3 million, respectively, to this related entity. During the year ended December 31, 2023, a wholly owned subsidiary of the Company (“KRG Development”) assigned to Pan Am Development Partners, LLC (the “Assignee”) certain rights and obligations related to the development of a hotel on the Pan Am Plaza site in Indianapolis, IN, including certain future development rights and a right of first offer involving the project (collectively, the “Project Rights and Obligations”). The Assignee is a wholly owned subsidiary of Circle Block Investor, LLC, the parent company that owns the Conrad Indianapolis hotel, of which Mr. Alvin E. Kite, our Chairman Emeritus and the father of Mr. John A. Kite, is the majority owner, and Mr. John A. Kite, our Chief Executive Officer and Chairman of the Board, and Mr. Thomas K. McGowan, our President and Chief Operating Officer, are minority owners. In connection with the transaction, the Assignee assumed all Project Rights and Obligations from and after August 7, 2023 and paid KRG Development a $3.5 million assignment fee (the “Assignment Fee”) during the year ended December 31, 2024 upon the completion of certain development activities. In connection with the transactions, Mr. Kite and Mr. McGowan expressly acknowledged and agreed that they remain subject to their executive employment agreements with the Company, including, without limitation, the obligation of each executive to devote substantially all his business time and effort to the performance of his duties for the Company. Assignee will engage a team of full-time professionals to perform the Project Rights and Obligations. The transaction was approved by a special transaction committee of the independent trustees of the Company (the “Transaction Committee”) as well as the Company’s independent trustees. The Transaction Committee engaged a third-party financial advisor to assist in determining the net value of the Project Rights and Obligations and establishing the Assignment Fee.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Subsequent to December 31, 2024, we closed on the acquisition of Village Commons, a 170,976-square-foot, grocery-anchored, multi-tenant retail property located in West Palm Beach, Florida, for a gross purchase price of $68.4 million.

Schedule III - Consolidated Rea

Schedule III - Consolidated Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III - Consolidated Real Estate and Accumulated Depreciation	Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties 12th Street Plaza $ — $ 2,624 $ 10,615 $ — $ 1,898 $ 2,624 $ 12,513 $ 15,137 $ 4,064 1978/2003 2012 54th & College — 2,672 — — — 2,672 — 2,672 — 2008 NA Arcadia Village — 8,487 11,696 — 537 8,487 12,233 20,720 2,665 1957 2021 Avondale Plaza — 6,723 10,066 — 74 6,723 10,140 16,863 1,863 2005 2021 Bayonne Crossing — 47,809 38,362 — 2,980 47,809 41,342 89,151 13,274 2011 2014 Bayport Commons — 7,005 20,402 — 4,820 7,005 25,222 32,227 11,479 2008 NA Belle Isle Station — 9,130 40,682 — 8,039 9,130 48,721 57,851 22,670 2000 2015 Bridgewater Marketplace — 3,407 8,411 — 1,737 3,407 10,148 13,555 5,138 2008 NA Burlington* — — 2,773 — 29 — 2,802 2,802 2,802 1992/2000 2000 Castleton Crossing — 9,761 24,281 — 1,050 9,761 25,331 35,092 8,450 1975 2013 Cedar Park Town Center — 9,032 25,678 — 336 9,032 26,014 35,046 3,433 2013 2021 Centennial Center — 58,960 71,794 — 9,645 58,960 81,439 140,399 43,506 2002 2014 Centennial Gateway — 5,305 48,413 — 1,352 5,305 49,765 55,070 20,401 2005 2014 Central Texas Marketplace — 15,711 29,588 — 3,693 15,711 33,281 48,992 7,019 2004 2021 Centre at Laurel — 6,122 34,643 — 1,079 6,122 35,722 41,844 6,613 2005 2021 Centre Point Commons* — 2,918 22,272 — 916 2,918 23,188 26,106 9,438 2007 2014 Chantilly Crossing — 12,309 17,458 — 1,252 12,309 18,710 31,019 3,433 2004 2021 Chapel Hill Shopping Center* — — 34,653 — 3,147 — 37,800 37,800 16,631 2001 2015 Circle East — 1,188 27,010 — 2,103 1,188 29,113 30,301 3,201 1998/2022 2021 Clearlake Shores Shopping Center — 3,845 6,512 — 912 3,845 7,424 11,269 1,399 2003 2021 Coal Creek Marketplace — 9,397 11,645 — 310 9,397 11,955 21,352 2,682 1991 2021 Cobblestone Plaza — 10,374 43,978 — 3,960 10,374 47,938 58,312 19,296 2011 NA Colleyville Downs — 5,446 38,134 — 4,211 5,446 42,345 47,791 22,156 2014 2015 Colonial Square — 7,521 18,499 — 3,524 7,521 22,023 29,544 8,258 2010 2014 Colony Square — 20,300 18,310 — 813 20,300 19,123 39,423 5,029 1997 2021 Commons at Temecula — 18,966 44,183 — 545 18,966 44,728 63,694 10,474 1999 2021 Cool Creek Commons — 6,062 12,302 — 7,990 6,062 20,292 26,354 9,543 2005 NA Cool Springs Market — 12,444 22,383 40 11,606 12,484 33,989 46,473 16,537 1995 2013 Coppell Town Center — 5,052 11,240 — 806 5,052 12,046 17,098 2,655 1999 2021 Coram Plaza — 6,992 22,995 — 552 6,992 23,547 30,539 4,533 2004 2021 Cypress Mill Plaza — 6,320 10,056 — 497 6,320 10,553 16,873 2,150 2004 2021 Davis Towne Crossing — 995 8,939 — 149 995 9,088 10,083 1,751 2003 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Delray Marketplace $ 14,600 $ 18,750 $ 84,751 $ 1,284 $ 11,093 $ 20,034 $ 95,844 $ 115,878 $ 35,830 2013 NA Denton Crossing — 8,257 38,695 — 4,962 8,257 43,657 51,914 8,638 2003 2021 DePauw University Bookstore & Café* — 64 663 — 45 64 708 772 606 2012 NA Downtown Crown — 25,759 76,631 — 7,197 25,759 83,828 109,587 10,444 2014 2021 Draper Crossing — 9,054 27,063 — 2,541 9,054 29,604 38,658 13,390 2012 2014 Draper Peaks — 11,498 46,748 522 6,611 12,020 53,359 65,379 19,370 2012 2014 East Stone Commons* — 3,766 21,311 — 151 3,766 21,462 25,228 4,058 2005 2021 Eastern Beltway — 23,221 45,548 — 8,961 23,221 54,509 77,730 20,227 1998/2006 2014 Eastgate Crossing — 4,244 58,197 — 6,019 4,244 64,216 68,460 8,979 1958/2007 2020 Eastgate Pavilion — 8,026 18,262 — 3,294 8,026 21,556 29,582 10,816 1995 2004 Eastwood Towne Center — 3,242 55,765 — 6,694 3,242 62,459 65,701 12,736 2002 2021 Eddy Street Commons* — 1,900 48,164 — 6,950 1,900 55,114 57,014 19,316 2009/2022 NA Edwards Multiplex — 22,583 28,710 — 204 22,583 28,914 51,497 7,366 1997 2021 Estero Town Commons — 7,453 9,902 — 1,442 7,453 11,344 18,797 5,490 2006 NA Fairgrounds Plaza — 12,690 15,249 — 94 12,690 15,343 28,033 3,025 2002 2021 Fishers Station — 4,966 13,028 — 386 4,966 13,414 18,380 5,424 2018 NA Fordham Place — 41,993 101,490 — 804 41,993 102,294 144,287 15,235 1920/2009 2021 Fort Evans Plaza II — 14,110 38,711 — 5,506 14,110 44,217 58,327 6,656 2008 2021 Fullerton Metrocenter — 55,794 42,757 — 4,503 55,794 47,260 103,054 10,602 1988 2021 Galvez Shopping Center — 494 4,951 — 250 494 5,201 5,695 1,001 2004 2021 Gardiner Manor Mall — 29,521 19,861 — 7,510 29,521 27,371 56,892 5,299 2000 2021 Gateway Pavilions — 44,167 9,022 — 2,030 44,167 11,052 55,219 3,060 2003 2021 Gateway Plaza — 15,608 21,613 — 2,463 15,608 24,076 39,684 6,018 2000 2021 Gateway Station — 10,679 10,527 — 611 10,679 11,138 21,817 2,188 2003 2021 Gateway Village — 32,045 33,359 — 782 32,045 34,141 66,186 7,894 1996 2021 Geist Pavilion — 1,368 7,161 — 2,830 1,368 9,991 11,359 5,383 2006 NA Gerry Centennial Plaza — 3,448 9,605 — 317 3,448 9,922 13,370 1,891 2006 2021 Glendale Town Center — 1,442 41,558 (187) 25,608 1,255 67,166 68,421 37,452 1958/2021 1999 Grapevine Crossing — 7,021 11,900 — 1,117 7,021 13,017 20,038 2,873 2001 2021 Green's Corner — 4,716 13,702 — 150 4,716 13,852 18,568 3,097 1997 2021 Greyhound Commons — 2,629 6 — 2,813 2,629 2,819 5,448 874 2005 NA Gurnee Town Center — 7,348 20,512 — 1,054 7,348 21,566 28,914 4,715 2000 2021 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Henry Town Center $ — $ 9,353 $ 49,262 $ — $ 2,920 $ 9,353 $ 52,182 $ 61,535 $ 11,213 2002 2021 Heritage Square — 11,373 16,159 — 609 11,373 16,768 28,141 3,786 1985 2021 Heritage Towne Crossing — 5,720 14,738 — 424 5,720 15,162 20,882 3,175 2002 2021 Holly Springs Towne Center — 22,324 93,199 — 8,513 22,324 101,712 124,036 33,498 2013 NA Home Depot Center* — — 20,122 — 462 — 20,584 20,584 4,420 1996 2021 Huebner Oaks — 19,423 35,529 — 1,151 19,423 36,680 56,103 6,818 1996 2021 Humblewood Shopping Center — 3,921 10,826 — 519 3,921 11,345 15,266 2,262 1979/2005 2021 Hunter's Creek Promenade — 8,017 12,289 179 2,015 8,196 14,304 22,500 5,726 1994 2013 Indian River Square — 4,000 5,775 1,100 6,105 5,100 11,880 16,980 4,593 1997/2004 2005 International Speedway Square — 7,157 10,757 — 9,588 7,157 20,345 27,502 13,447 1999 NA Jefferson Commons — 23,356 19,657 — 2,804 23,356 22,461 45,817 5,081 2005 2021 John's Creek Village — 7,668 39,579 — 1,287 7,668 40,866 48,534 8,044 2004 2021 Killingly Commons — 21,999 29,649 — 2,169 21,999 31,818 53,817 10,519 2010 2014 King's Lake Square — 4,519 12,201 — 1,952 4,519 14,153 18,672 7,870 1986/2014 2003 La Plaza Del Norte — 18,113 32,669 — 691 18,113 33,360 51,473 7,656 1996 2021 Lake City Commons — 4,693 11,348 — 692 4,693 12,040 16,733 4,287 2008 2014 Lake Mary Plaza — 1,413 8,537 — 291 1,413 8,828 10,241 3,106 2009 2014 Lake Worth Towne Crossing — 6,228 28,699 — 552 6,228 29,251 35,479 5,563 2005 2021 Lakewood Towne Center — 32,864 30,794 — 3,012 32,864 33,806 66,670 7,518 2002 2021 Lincoln Park — 14,757 39,830 — 1,266 14,757 41,096 55,853 8,902 1997 2021 Lincoln Plaza — 6,239 38,269 — 5,760 6,239 44,029 50,268 9,786 2001 2021 Lithia Crossing — 3,065 6,844 — 4,375 3,065 11,219 14,284 4,112 1994/2003 2011 Lowe's Center — 19,894 — — 70 19,894 70 19,964 2 2005 2021 MacArthur Crossing — 11,190 31,192 — 1,942 11,190 33,134 44,324 5,436 1995 2021 Main Street Promenade — 2,630 60,115 — 1,608 2,630 61,723 64,353 7,591 2003 2021 Manchester Meadows — 10,788 30,107 — 254 10,788 30,361 41,149 8,295 1994 2021 Mansfield Towne Crossing — 2,966 14,229 — 716 2,966 14,945 17,911 2,993 2003 2021 Market Street Village — 9,764 16,360 — 5,609 9,764 21,969 31,733 11,632 1970/2004 2005 Merrifield Town Center — 5,186 41,073 — 1,723 5,186 42,796 47,982 6,566 2008 2021 Merrifield Town Center II — 19,614 23,042 — 159 19,614 23,201 42,815 3,725 1972/2007 2021 Miramar Square — 26,492 30,696 387 10,264 26,879 40,960 67,839 14,099 2008 2014 Mullins Crossing* — 10,582 38,703 — 7,221 10,582 45,924 56,506 18,352 2005 2014 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Naperville Marketplace $ — $ 5,364 $ 11,377 $ — $ 281 $ 5,364 $ 11,658 $ 17,022 $ 5,623 2008 NA New Forest Crossing — 7,175 11,976 — 317 7,175 12,293 19,468 2,667 2003 2021 New Hyde Park Shopping Center — 10,792 9,548 — 607 10,792 10,155 20,947 1,458 1964/2011 2021 Newnan Crossing — 6,616 40,854 — 1,342 6,616 42,196 48,812 10,140 1999 2021 Newton Crossroads — 1,004 10,755 — 243 1,004 10,998 12,002 2,429 1997 2021 Nora Plaza 3,203 3,790 19,508 5,002 32,366 8,792 51,874 60,666 7,536 2004 2019 North Benson Center — 16,632 9,736 — 1,160 16,632 10,896 27,528 2,448 1988 2021 Northcrest Shopping Center — 4,044 33,835 — 2,182 4,044 36,017 40,061 13,537 2008 2014 Northdale Promenade — 1,718 27,242 — (38) 1,718 27,204 28,922 19,003 2017 NA Northgate North 21,681 20,063 48,663 — 2,926 20,063 51,589 71,652 11,813 1999 2021 Northpointe Plaza — 15,964 35,248 — 1,252 15,964 36,500 52,464 7,721 1991 2021 Oak Brook Promenade — 6,753 48,592 — 4,593 6,753 53,185 59,938 9,589 2006 2021 Oleander Place* — 847 5,226 — 239 847 5,465 6,312 3,066 2012 2011 One Loudoun Downtown 95,095 74,400 234,310 — 10,449 74,400 244,759 319,159 32,579 2013/2022 2021 Oswego Commons — 5,746 8,135 — 7,267 5,746 15,402 21,148 2,545 2002 2021 Palms Plaza — 12,049 24,324 — 972 12,049 25,296 37,345 4,388 1988/2004 2022 Paradise Valley Marketplace — 6,889 35,761 — 233 6,889 35,994 42,883 7,400 2002 2021 Parkside Town Commons — 21,806 107,057 (60) 12,137 21,746 119,194 140,940 44,126 2015 N/A Parkside West Cobb — 6,750 31,351 — 331 6,750 31,682 38,432 552 2016 2024 Parkway Towne Crossing — 15,099 28,265 — 1,439 15,099 29,704 44,803 4,653 2010 2021 Pavilion at King's Grant — 5,086 39,723 — 2,169 5,086 41,892 46,978 9,740 2002 2021 Pebble Marketplace — 7,504 34,329 — 931 7,504 35,260 42,764 3,536 1997 2022 Pelham Manor Shopping Plaza* — — 42,224 — 512 — 42,736 42,736 6,893 2008 2021 Peoria Crossing — 18,879 15,782 — 1,336 18,879 17,118 35,997 3,914 2002 2021 Perimeter Woods — 6,893 27,245 — 5,569 6,893 32,814 39,707 11,453 2008 2014 Pine Ridge Crossing — 5,640 16,291 — 6,444 5,640 22,735 28,375 11,175 1994 2006 Plaza at Cedar Hill — 5,782 31,636 — 17,693 5,782 49,329 55,111 25,247 2000 2004 Plaza at Marysville — 6,710 18,399 — 328 6,710 18,727 25,437 4,280 1995 2021 Pleasant Hill Commons — 3,350 10,064 — (183) 3,350 9,881 13,231 3,632 2008 2014 Pleasant Run Towne Crossing — 4,465 24,738 — 1,836 4,465 26,574 31,039 5,486 2004 2021 Portofino Shopping Center — 4,721 75,005 — 20,700 4,721 95,705 100,426 45,462 1999 2013 Prestonwood Place — 14,282 61,304 — 403 14,282 61,707 75,989 3,546 1979/2020 2023 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) Publix at Woodruff $ — $ 1,783 $ 6,285 $ — $ 1,009 $ 1,783 $ 7,294 $ 9,077 $ 5,483 1997 2012 Rampart Commons 5,676 1,136 41,981 — 1,462 1,136 43,443 44,579 19,948 2018 2014 Rangeline Crossing — 1,981 17,459 — 4,213 1,981 21,672 23,653 8,780 1986/2013 NA Riverchase Plaza — 3,889 10,875 — 1,343 3,889 12,218 16,107 6,418 1991/2001 2006 Rivers Edge — 5,647 28,778 — 3,245 5,647 32,023 37,670 12,395 2011 2008 Rivery Towne Crossing — 5,230 2,207 — 1,075 5,230 3,282 8,512 788 2005 2021 Royal Oaks Village II — 3,462 9,092 — 867 3,462 9,959 13,421 2,090 2004 2021 Sawyer Heights Village — 18,720 19,403 — 558 18,720 19,961 38,681 3,313 2007 2021 Saxon Crossing — 3,764 15,133 — 926 3,764 16,059 19,823 5,899 2009 2014 Shoppes at Hagerstown — 6,796 15,872 — 749 6,796 16,621 23,417 2,726 2008 2021 Shoppes at Plaza Green — 3,749 20,762 — 6,829 3,749 27,591 31,340 10,846 2000 2012 Shoppes at Quarterfield — 4,105 8,706 — 645 4,105 9,351 13,456 1,122 1999/2022 2021 Shoppes of Eastwood — 1,688 8,911 — 1,146 1,688 10,057 11,745 5,705 1997 2013 Shoppes of New Hope — 2,107 10,580 — 154 2,107 10,734 12,841 1,950 2004 2021 Shoppes of Prominence Point — 2,945 11,078 — 556 2,945 11,634 14,579 2,183 2004 2021 Shops at Eagle Creek — 2,121 7,966 — 4,759 2,121 12,725 14,846 6,754 1998 2003 Shops at Forest Commons — 1,616 9,320 — 617 1,616 9,937 11,553 2,056 2002 2021 Shops at Julington Creek — 2,372 7,286 — 381 2,372 7,667 10,039 2,547 2011 2014 Shops at Moore — 6,284 23,561 — 3,205 6,284 26,766 33,050 9,302 2010 2014 Shops at Park Place — 8,042 18,358 — 272 8,042 18,630 26,672 4,192 2001 2021 Silver Springs Pointe — 7,580 4,947 — 562 7,580 5,509 13,089 2,628 2001 2014 Southlake Corners — 7,998 16,556 — 370 7,998 16,926 24,924 4,057 2004 2021 Southlake Town Square — 19,534 321,502 — 21,640 19,534 343,142 362,676 74,304 1998 2021 Stilesboro Oaks — 3,712 11,270 — 126 3,712 11,396 15,108 2,530 1997 2021 Stonebridge Plaza — 1,923 7,917 — 197 1,923 8,114 10,037 1,758 1997 2021 Stoney Creek Commons — 628 3,657 — 6,162 628 9,819 10,447 6,039 2000 NA Sunland Towne Centre — 14,774 22,233 — 6,087 14,774 28,320 43,094 14,781 1996 2004 Tacoma South — 30,058 3,308 — 1,247 30,058 4,555 34,613 862 1984 2021 Target South Center — 2,581 9,553 — 136 2,581 9,689 12,270 2,143 1999 2021 Tarpon Bay Plaza — 3,855 23,796 — 3,161 3,855 26,957 30,812 11,910 2007 NA The Brickyard — 29,389 19,182 — 5,418 29,389 24,600 53,989 5,067 1977/2004 2021 The Corner — 3,772 23,437 — 280 3,772 23,717 27,489 7,477 2008 2014 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Operating Properties (continued) The Landing at Tradition $ — $ 17,605 $ 45,907 $ — $ 24,621 $ 17,605 $ 70,528 $ 88,133 $ 20,208 2007 2014 The Shoppes at Union Hill 7,930 9,876 46,234 — 1,633 9,876 47,867 57,743 9,260 2003 2021 The Shops at Legacy — 14,864 118,670 — 13,913 14,864 132,583 147,447 26,045 2002 2021 Tollgate Marketplace — 11,963 65,350 — 14,268 11,963 79,618 91,581 15,921 1979/1994 2021 Toringdon Market — 5,448 9,325 — 1,026 5,448 10,351 15,799 4,368 2004 2013 Towson Square — 1,412 27,108 — 41 1,412 27,149 28,561 4,213 2014 2021 Traders Point — 11,135 42,152 — 3,216 11,135 45,368 56,503 27,761 2005 NA Tradition Village Center — 3,140 14,607 — 1,472 3,140 16,079 19,219 6,508 2006 2014 Tysons Corner — 13,334 10,407 — 140 13,334 10,547 23,881 1,502 1980/2013 2021 Village Shoppes at Simonton — 1,627 11,638 — 128 1,627 11,766 13,393 2,207 2004 2021 Walter's Crossing — 13,056 20,656 — 4,251 13,056 24,907 37,963 4,359 2005 2021 Watauga Pavilion — 5,511 23,936 — 247 5,511 24,183 29,694 4,736 2003 2021 Waterford Lakes Village — 2,317 1,873 — 11,464 2,317 13,337 15,654 2,034 1997 2004 Waxahachie Crossing — 1,411 15,698 — (257) 1,411 15,441 16,852 5,211 2010 2014 Westbury Center — 4,540 12,866 — 142 4,540 13,008 17,548 2,702 2000 2021 Winchester Commons — 2,119 9,325 — 35 2,119 9,360 11,479 2,094 1999 2021 Woodinville Plaza — 24,722 30,014 — 1,286 24,722 31,300 56,022 7,078 1981 2021 Total Operating Properties 148,185 1,800,175 5,020,884 8,267 587,336 1,808,442 5,608,220 7,416,662 1,564,466 Initial Cost Cost Capitalized Gross Carrying Amount Name Encumbrances Land Building & Land Building & Land Building & Total Accumulated Year Built / Year Office and Other Properties Carillon MOB $ — $ 881 $ 34,684 $ — $ — $ 881 $ 34,684 $ 35,565 $ 348 2024 2021 Thirty South Meridian — 1,643 7,841 — 30,692 1,643 38,533 40,176 19,504 1905/2002 2001 Union Station Parking Garage — 904 2,310 — 2,281 904 4,591 5,495 2,402 1986 2001 Total Office Properties — 3,428 44,835 — 32,973 3,428 77,808 81,236 22,254 Development and Redevelopment Projects Carillon — 27,358 5,052 — 4,329 27,358 9,381 36,739 941 2004 2021 Hamilton Crossing Centre — 3,514 2,017 (19) 858 3,495 2,875 6,370 — N/A N/A One Loudoun – Uptown — 88,514 — (88) 2,706 88,426 2,706 91,132 — N/A 2021 The Corner – IN — — — — — — — — — N/A N/A Total Development and Redevelopment Projects — 119,386 7,069 (107) 7,893 119,279 14,962 134,241 941 Other ** Bridgewater Marketplace — 855 — — — 855 — 855 — N/A N/A KRG Development — — — — — — — — — N/A N/A KRG New Hill — 1,092 — 105 — 1,197 — 1,197 — N/A N/A KRG Peakway — — — — — — — — — N/A N/A Total Other — 1,947 — 105 — 2,052 — 2,052 — Line of credit/Term loans/Unsecured notes 3,080,000 — — — — — — — — N/A N/A Grand Total $ 3,228,185 $ 1,924,936 $ 5,072,788 $ 8,265 $ 628,202 $ 1,933,201 $ 5,700,990 $ 7,634,191 $ 1,587,661 * 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, 2024, 2023 and 2022 are as follows: Year Ended December 31, 2024 2023 2022 Balance as of January 1, $ 7,740,061 $ 7,732,573 $ 7,584,735 Acquisitions related to the RPAI merger — — (16,672) Acquisitions 38,101 75,587 99,064 Property held for sale (105,828) — — Improvements 139,895 140,654 152,165 Impairment of property (101,678) — — Disposals (76,360) (208,753) (86,719) Balance as of December 31, $ 7,634,191 $ 7,740,061 $ 7,732,573 The unaudited aggregate cost of investment properties for U.S. federal income tax purposes as of December 31, 2024 was approximately $8.2 billion. The changes in accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 are as follows: Year Ended December 31, 2024 2023 2022 Balance as of January 1, $ 1,381,770 $ 1,161,148 $ 879,306 Depreciation expense 314,632 317,593 318,809 Property held for sale (1,360) — — Impairment of property (35,477) — — Disposals (71,904) (96,971) (36,967) Balance as of December 31, $ 1,587,661 $ 1,381,770 $ 1,161,148 Depreciation of investment properties reflected in the accompanying consolidated statements of operations and comprehensive income is calculated over the estimated original lives of the assets as follows: Buildings 20 – 35 years Building improvements 10 – 35 years Tenant improvements Term of related lease Furniture and fixtures 5 – 10 years All other schedules have been omitted because they are inapplicable, not required or the information is included elsewhere in the accompanying consolidated financial statements or notes thereto.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to common shareholders	$ 4,071	$ 47,498	$ (12,636)

Insider Trading Arrangements

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

Insider Trading Policies and Pr

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

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity Risk Management Process The Company relies extensively on IT systems to operate and manage its business and process transactions. As a result, our business is at risk from, and may be impacted by, cybersecurity incidents. The Company’s cybersecurity risk management program leverages the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework, which is used to benchmark and tailor the Company’s strategies and program to our risk profile and specific operational needs and goals. As risk management is an ongoing process, the Company regularly assesses its cybersecurity risks and adjusts its program accordingly. Via multiple monitoring solutions, potential cyber threats are automatically logged and proactively addressed. Our monitoring tools use well-established vulnerability scoring to aid in the overall risk assessment. The scoring ranks by potential severity and likelihood and includes a review of mitigating factors. The Company prioritizes its cybersecurity investments based on the likelihood and impact of potential threats. We recognize that cybercriminals frequently target employees to gain unauthorized access to information systems. Therefore, from onboarding and at least annually thereafter, the Company educates and trains its employees on cybersecurity leading practices using a variety of methods, which is supplemented throughout the year with regular phishing and other cyber-related testing. The Company regularly performs internal and external penetration testing and vulnerability scanning with the support of well-established third-party providers. Identified deficiencies or vulnerabilities are reviewed by the IT staff and management, and remediation steps are taken based on the criticality of the results. Cybersecurity tools and services are configured to identify threats and risks that may be associated with the use of third-party applications or solutions. We prioritize our cybersecurity efforts relating to third parties based on the likelihood and potential impact of cybersecurity threats. These efforts may include reviewing security documentation or protocols of key vendors, service providers, and external users of our systems. The Company has developed cybersecurity incident response plans to contain, investigate, respond to, and recover from cybersecurity incidents that may jeopardize the confidentiality, integrity, or availability of our IT systems. Key members of management, including the Company’s Chief Financial Officer, Chief Operating Officer, and Chief Legal Officer, as well as employees from IT, internal audit, marketing and communications, and human resources, serve on the Company’s security incident response team to help the Company mitigate and remediate cybersecurity incidents of which they are notified. Our response plans require prompt notification to members of senior management in the event of a significant cybersecurity incident and prompt briefings on further developments as appropriate. Risks And Impact From Cybersecurity Threats As of December 31, 2024, we are not aware of any risks from cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect the Company, including our business strategy, results of operations or financial condition. However, evolving cybersecurity threats make it increasingly challenging to anticipate, detect, and defend against cybersecurity threats and incidents. For more information regarding our cybersecurity risks, see “We and our tenants face risks related to cyber attacks that could cause loss of confidential information and other business disruptions” in Item 1A. “ Risk Factors ” within this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company relies extensively on IT systems to operate and manage its business and process transactions. As a result, our business is at risk from, and may be impacted by, cybersecurity incidents. The Company’s cybersecurity risk management program leverages the National Institute of Standards and Technology (“NIST”) Cybersecurity Framework, which is used to benchmark and tailor the Company’s strategies and program to our risk profile and specific operational needs and goals.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Board of Trustees oversees various risks that the Company may face from time to time. While the full Board of Trustees has primary responsibility for risk oversight, it has delegated to the Audit Committee the responsibility for overseeing the Company’s enterprise risk management and risk mitigation policies and programs, including matters related to privacy and cybersecurity. The Audit Committee reviews the Company’s cybersecurity risks and the effectiveness of its cybersecurity program every quarter, including current threat levels and ongoing program enhancements. Reports on these topics are provided to the Audit Committee by the Vice President, Chief Information Security Officer (“CISO”) and the Vice President, Internal Audit and Enterprise Risk Management on a quarterly basis. In addition, when appropriate, cybersecurity risks and incidents will be reported to the Board of Trustees by the Company’s Chief Financial Officer.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Audit Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee reviews the Company’s cybersecurity risks and the effectiveness of its cybersecurity program every quarter, including current threat levels and ongoing program enhancements.
Cybersecurity Risk Role of Management [Text Block]	The Company’s management team is responsible for implementing and managing the Company’s cybersecurity risk management program. The management team regularly reviews the Company’s cybersecurity risks and adjusts the program as needed. Risk data analyzed includes summary and detailed data from monitoring and protection systems along with remediation reports to help ensure the constant evolution of the program.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s management team is responsible for implementing and managing the Company’s cybersecurity risk management program. The management team regularly reviews the Company’s cybersecurity risks and adjusts the program as needed. Risk data analyzed includes summary and detailed data from monitoring and protection systems along with remediation reports to help ensure the constant evolution of the program. Key members of the IT team responsible for information security include several individuals with over 20 years of experience within various industries, including real estate, global retail, fintech, and insurance, along with experience working for several top IT service and solutions providers. The IT team provides quarterly reports to the Company’s senior management, which typically address, among other things, the Company’s cybersecurity strategy, initiatives, key security metrics, business response plans, and the evolving cybersecurity threat landscape. The Company has cybersecurity insurance designed to cover certain expenses related to cybersecurity incidents. The Company also carries other insurance that may cover ancillary aspects of a cybersecurity incident; however, damage and claims arising from a cybersecurity incident may exceed the amount of any insurance available.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Key members of the IT team responsible for information security include several individuals with over 20 years of experience within various industries, including real estate, global retail, fintech, and insurance, along with experience working for several top IT service and solutions providers.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Reports on these topics are provided to the Audit Committee by the Vice President, Chief Information Security Officer (“CISO”) and the Vice President, Internal Audit and Enterprise Risk Management on a quarterly basis.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Investment Properties	Investment properties are recorded at cost and include costs of land acquisition, development, predevelopment, construction, certain allocated overhead, tenant allowances and improvements, and interest and real estate taxes incurred during construction. Significant renovations and improvements are capitalized when they extend the useful life, increase capacity, or improve the efficiency of the asset. If a tenant vacates a space prior to the lease expiration, terminates its lease, or otherwise notifies the Company of its intent to do so, any related unamortized tenant allowances are expensed over the shortened lease period. Ordinary repairs and maintenance that do not extend the useful lives of the respective assets are expensed as incurred and included within “Property operating” expense in the accompanying consolidated statements of operations and comprehensive income. Predevelopment 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 predevelopment costs are capitalized and included within “Investment properties, at cost” in the accompanying consolidated balance sheets. If we determine that the completion of a development project is no longer probable, all previously incurred predevelopment costs are immediately expensed. Land is transferred to construction in progress once construction commences on the related project. We also capitalize costs such as land acquisition, building construction, interest, real estate taxes, and the costs of personnel directly involved with the development of our properties. As a portion of a development project becomes operational, we expense a pro rata amount of the related costs. Depreciation expense is computed using the straight-line method. Buildings and improvements are depreciated over estimated original useful lives ranging from 10 to 35 years. Tenant improvements and allowances are depreciated over the term of the related lease. Equipment and fixtures are depreciated over five
Valuation of Investment Properties	Management reviews our operating and development projects, land parcels, and intangible assets for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable. This review for possible impairment requires certain assumptions, estimates, and significant judgment. Examples of situations considered to be impairment indicators for both operating properties and development projects include, but are not limited to: • a substantial decline in or continued low occupancy rate or cash flow; • expected significant declines in occupancy in the near future; • continued difficulty in leasing space; • a significant concentration of financially troubled tenants; • a reduction in the anticipated holding period; • a cost accumulation or delay in the project completion date significantly above and beyond the original development or redevelopment estimate; • a significant decrease in the market price not in line with general market trends; and • any other quantitative or qualitative events or factors deemed significant by the Company’s management or Board of Trustees. Impairment losses for investment properties and intangible assets are measured when the undiscounted cash flows estimated to be generated by the investment properties during the expected holding period are less than the carrying amounts of those assets. The evaluation of impairment is subject to certain management assumptions, including projected net operating income, anticipated holding period, expected capital expenditures, and the capitalization rate used to estimate the property’s residual value. Impairment losses are recorded as the excess of the carrying value over the estimated fair value of the asset. Our impairment review for land and development properties assumes we have the intent and ability to complete the developments or projected uses for the land parcels. If we determine those plans will not be completed or our assumptions with respect to operating assets are not realized, an impairment loss may be appropriate.
Investment Properties Held for Sale	The Company classifies an operating property as held for sale only when the property is available for immediate sale in its present condition and for which management believes it is probable that a sale of the property will be completed within one year, among other factors. An operating property classified as held for sale is carried at the lower of cost or fair value less estimated costs to sell. Depreciation and amortization are suspended during the held-for-sale period.
Acquisition of Investment Properties	Real estate assets are recognized on our consolidated balance sheets at historical cost, less accumulated depreciation and amortization. Upon acquisition of real estate operating properties, we estimate the fair value of acquired identifiable tangible assets (consisting of land, buildings and improvements) and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), assumed debt, and any noncontrolling interest in the acquiree at the date of acquisition based upon an evaluation of information and estimates available at the acquisition date. Based on these estimates, we record the estimated fair value to the applicable assets and liabilities. In making estimates of fair value, a number of sources are used, including information obtained as a result of pre-acquisition due diligence, marketing, and leasing activities. The estimates of fair value were determined to have primarily relied upon Level 2 and Level 3 inputs, as defined below. Fair value is determined for tangible assets and intangible assets and liabilities, including: • the fair value of the building on an as-if-vacant basis and the fair value of land determined either by comparable market data, real estate tax assessments, independent appraisals, or other relevant data; • above-market and below-market in-place lease values for acquired properties, which are based on the present value (using an interest rate that reflects the risks associated with the leases acquired) of the difference between (i) the contractual amounts to be paid pursuant to the in-place leases and (ii) management’s estimate of fair market lease rates for the corresponding in-place leases, measured over the remaining non-cancelable term of the leases. Any below-market renewal options are also considered in the in-place lease values. The capitalized above-market and below-market lease values are amortized as a reduction of, or addition to, rental income over the term of the leases. Should a tenant vacate, terminate its lease, or otherwise notify us of its intent to do so, the unamortized portion of the lease intangibles would be charged or credited to income as applicable; • the value of having a lease in place at the acquisition date. We use independent and internal sources for our estimates to determine the respective in-place lease values. Our estimates of value use methods similar to those used by independent appraisers. Factors we consider in our analysis include an estimate of costs to execute similar leases, including tenant improvements, leasing commissions, and foregone costs related to the reimbursement of property operating expenses, and fair market rent received during the estimated lease-up period as if the space was vacant. The value of in-place leases is amortized to depreciation and amortization expense over the remaining initial terms of the respective leases; and • the fair value of any assumed financing that is determined to be above- or below-market terms. We use third-party and independent sources for our estimates to determine the respective fair value of each mortgage and other indebtedness, including related derivative instruments, assumed. The fair market value of each is amortized to interest expense over the remaining initial terms of the respective instruments. We also consider whether there is any value to in-place leases that have a related customer relationship intangible value. Characteristics we consider in determining these values include the nature and extent of existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality, and expectations of lease renewals, among other factors. To date, we have not developed a tenant relationship that we consider to have a current intangible value.
Consolidation and Investments in Joint Ventures	The accompanying financial statements are presented on a consolidated basis and include all accounts of the Parent Company, the Operating Partnership, the taxable REIT subsidiaries (“TRSs”) of the Operating Partnership, subsidiaries of the Operating Partnership that are controlled, and any variable interest entities (“VIEs”) in which the Operating Partnership is the primary beneficiary. In general, a VIE is a corporation, partnership, trust or any other legal structure used for business purposes that either (a) has equity investors that do not provide sufficient financial resources for the entity to support its activities, (b) does not have equity investors with voting rights, or (c) has equity investors whose votes are disproportionate from their economics, and substantially all of the activities are conducted on behalf of the investor with disproportionately fewer voting rights. The Operating Partnership accounts for properties that are owned by joint ventures in accordance with the consolidation guidance by evaluating each joint venture and determining first whether to follow the VIE or the voting interest entity (“VOE”) model. Once the appropriate consolidation model is identified, the Operating Partnership then evaluates whether it should consolidate the joint venture. Under the VIE model, the Operating Partnership consolidates an entity when it has (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. Under the VOE model, the Operating Partnership consolidates an entity when (i) it controls the entity through ownership of a majority voting interest if the entity is not a limited partnership or (ii) it controls the entity through its ability to remove the other partners or owners in the entity, at its discretion, when the entity is a limited partnership. 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	We consider all highly liquid investments purchased with an original maturity of 90 days or less to be cash and cash equivalents. From time to time, such investments may temporarily be held in accounts that exceed the Federal Deposit Insurance Corporation (“FDIC”) and the Securities Investor Protection Corporation (“SIPC”) insurance limits. The Company periodically assesses the credit risk associated with these financial institutions and believes the risk of loss is minimal.
Restricted Cash and Escrow Deposits	Escrow deposits consist of cash held for real estate taxes, property maintenance, insurance and other requirements at specific properties as required by lending institutions, certain municipalities or other agreements.
Fair Value Measurements	We follow the framework established under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for measuring fair value of non-financial assets and liabilities that are not required or permitted to be measured at fair value on a recurring basis but only in certain circumstances, such as a business combination or upon determination of an impairment. Assets and liabilities recorded at fair value in the accompanying 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 upon 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. Note 3. “Acquisitions” to the accompanying consolidated financial statements includes a discussion of the fair values recorded for asset acquisitions. Level 3 inputs to these transactions include our estimations of net rental rates of retail anchor and small shop space, capitalization rates, and disposal values. Note 4. “Dispositions and Impairment Charges” to the accompanying consolidated financial statements includes a discussion of the fair values recorded when we recognized impairment charges during the years ended December 31, 2024 and 2023. Level 2 inputs to these transactions include the expected sales price from an executed sales contract and Level 3 inputs include our estimation of capitalization rates. Note 8. “Mortgage and Other Indebtedness” to the accompanying consolidated financial statements includes a discussion of the estimated fair value of fixed and variable rate debt, which are estimated using Level 2 and Level 3 inputs. As discussed in Note 9. “Derivative Instruments, Hedging Activities and Other Comprehensive Income” to the accompanying consolidated financial statements, we have determined that derivative valuations are classified within Level 2 of the fair value hierarchy. Cash and cash equivalents, accounts receivable, escrows and deposits, and other working capital balances approximate fair value.
Derivative Financial Instruments	The Company accounts for its derivative financial instruments at fair value calculated in accordance with ASC 820, Fair Value Measurements and Disclosures . Gains and losses resulting from changes in the fair value of the derivatives are accounted for depending on the use of the derivative and whether it qualifies for hedge accounting. We use derivative instruments such as interest rate swaps or interest rate locks to mitigate interest rate risk on the related financial instruments. Changes in the fair value of derivatives that qualify as cash flow hedges are recorded within “Accumulated other comprehensive income” in the accompanying consolidated balance sheets and amortized over the underlying term of the hedged transaction, while any ineffective portion of a derivative’s change in fair value is recognized immediately in earnings. For derivative contracts designated as fair value hedges, the gain or loss on the derivative is included within “Mortgage and other indebtedness, net” in the accompanying consolidated balance sheets. We include the gain or loss on the hedged item in the same account as the offsetting gain or loss on the related derivative contract. As of December 31, 2024 and 2023, all of our derivative financial instruments qualify for hedge accounting.
Revenue Recognition	As a lessor of real estate assets, the Company retains substantially all of the risks and benefits of ownership and accounts for its leases as operating leases. Contractual minimum base rent, percentage rent, and expense reimbursements from tenants for common area maintenance costs, insurance, and real estate taxes are our principal sources of revenue. Base minimum rents are recognized on a straight-line basis over the terms of the respective leases. Certain lease agreements contain provisions that provide for additional rents based upon 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. If we determine that collectibility is probable, we recognize income from rentals based on the methodology described above. If we determine that collectibility is not probable, we recognize income only to the extent that cash has been received from the tenant. We have accounts receivable due from tenants and are subject to the risk of tenant defaults and bankruptcies, which may affect the collection of outstanding receivables. These receivables are reduced for credit loss, which is recognized as a reduction to rental income. We regularly evaluate the collectibility of these lease-related receivables by analyzing past-due account balances and consider such factors as the credit quality of the tenant, historical write-off experience, tenant creditworthiness, and current economic trends when evaluating the collectibility of rental income. Although we estimate uncollectible receivables and provide for them through charges against income, actual experience may differ from those estimates.
Tenant and Other Receivables and Allowance for Uncollectible Accounts	Tenant 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 tenants for non-rental revenue-related activities.
Concentration of Credit Risk	We may be subject to concentrations of credit risk with regard 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.
Income Taxes and REIT Compliance and Operating Partnership	Parent Company The Parent Company has been organized and operated, and intends to continue to operate, in a manner that will enable it to maintain its qualification as a REIT for U.S. federal income tax purposes. As a result, it generally will not be subject to U.S. federal income tax on the earnings that it distributes to the extent it distributes its “REIT taxable income” (determined before the deduction for dividends paid and excluding net capital gains) to shareholders of the Parent Company and meets certain other requirements on a recurring basis. To the extent that it satisfies this distribution requirement but distributes less than 100% of its taxable income, it will be subject to U.S. federal income tax on its undistributed REIT taxable income at regular corporate income tax rates. REITs are subject to a number of organizational and operational requirements. If the Parent Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates for a period of four years following the year in which qualification is lost. Additionally, we may also be subject to certain taxes enacted by the Inflation Reduction Act of 2022 that are applicable to non-REIT corporations, including the non-deductible 1% excise tax on certain stock repurchases. We may also be subject to certain U.S. federal, state, and local taxes on our income and property and to U.S. federal income and excise taxes on our undistributed taxable income even if the Parent Company does qualify as a REIT. The Operating Partnership intends to continue to make distributions to the Parent Company in amounts sufficient to assist the Parent Company in adhering to REIT requirements and maintaining its REIT status. We have elected to treat Kite Realty Holdings, LLC and IWR Protective Corporation as TRSs 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 assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not to be 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. The allocated share of income and loss, other than the operations of our TRSs, is included in the income tax returns of the Operating Partnership’s partners. Accordingly, the only U.S. federal income taxes included in the accompanying consolidated financial statements are in connection with the TRSs.
Noncontrolling Interests	We report the non-redeemable noncontrolling interests in subsidiaries as equity, and the amount of consolidated net income attributable to these noncontrolling interests is set forth separately in the accompanying consolidated financial statements. Prior to the merger with RPAI in October 2021, 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. Under terms defined in the joint venture agreement, after construction completion and stabilization of the development project (as defined in the joint venture agreement), the Company has the ability to call, and the joint venture partner has the ability to put to the Company, subject to certain conditions, the joint venture partner’s interest in the joint venture at fair value. As of December 31, 2024, the conditions for exercising the put and call options have been met but neither the Company nor the joint venture partner has exercised their respective options. The joint venture is considered a VIE primarily because the Company’s joint venture partner does not have substantive kick-out rights or substantive participating rights. The Company is considered the primary beneficiary as it has a controlling financial interest in the joint venture. As such, the Company has consolidated this joint venture and presented the joint venture partner’s interests as noncontrolling interests. 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, 2024 and 2023, the redemption value of the redeemable noncontrolling interests in the Operating Partnership exceeded the historical book value, and the balances were accordingly adjusted to redemption value. As of December 31, 2024, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.1% and 1.9%, respectively. As of December 31, 2023, the Parent Company’s interest and the limited partners’ redeemable noncontrolling ownership interests in the Operating Partnership were 98.4% and 1.6%, respectively. 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 within 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 4,192,597 and 3,512,868 Limited Partner Units outstanding as of December 31, 2024 and 2023, respectively. The increase in Limited Partner Units outstanding from December 31, 2023 is due to non-cash compensation awards granted to our executive officers in the form of Limited Partner Units and the exercise of previously granted Appreciation Only Long-Term Incentive Plan Units (“AO LTIP Units”) in exchange for Limited Partner Units. Redeemable Noncontrolling Interests – Subsidiaries Prior to the merger with Inland Diversified Real Estate Trust, Inc. (“Inland Diversified”) in 2014, Inland Diversified formed joint ventures with the previous owners of certain properties and issued Class B units in three joint ventures that indirectly own those properties. As of December 31, 2021, the Class B units related to one of these joint ventures that owned Crossing at Killingly Commons, our multi-tenant retail property in Dayville, Connecticut, were outstanding and accounted for as noncontrolling interests in the remaining venture. In October 2022, the remaining Class B units became redeemable at the partner’s election and the fulfillment of certain redemption criteria for cash or Limited Partner Units in the Operating Partnership. In October 2022, we received notice from our joint venture partner of its exercise of their right to redeem the remaining Class B units for cash in the amount of $9.7 million, which redemption was funded using available 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.
Effects of Accounting Pronouncements	Adoption of New Accounting Pronouncements Effective January 1, 2024, the Company adopted Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , on a retrospective basis. This new guidance provides new disclosure requirements on significant segment expenses that are regularly provided to the chief operating decision maker and other significant segment items. Public entities with a single reportable segment, such as the Company, must apply all of the new disclosure requirements as well as all existing segment disclosure and reconciliation requirements in Topic 280 on an annual and interim basis. The adoption of this pronouncement did not have any effect on the Company’s consolidated financial statements. See Note 11. “Segment Reporting” to the accompanying consolidated financial statements for the Company’s reportable segment disclosures. Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . This new guidance requires public entities to disclose, in a tabular format, the amounts of certain natural expenses included within relevant expense captions presented on the face of the income statement, as well as provide additional disclosures about selling expenses. The new disclosure requirements are effective for annual reporting periods beginning after December 15, 2026 and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the impact of this guidance on its consolidated financial statements and related disclosures. SEC Final Rule In March 2024, the SEC issued a final rule, The Enhancement and Standardization of Climate-Related Disclosures for Investors. This final rule requires companies to annually disclose climate-related information in registration statements and annual reports, including material climate-related risks and impacts on the Company, information about board oversight, risk management activities, and any material climate-related targets or goals. In addition, the final rule requires disclosure of material Scope 1 and/or Scope 2 greenhouse gas emissions, which will be subject to independent third-party assurance, and the financial statement effects of severe weather events and other natural conditions. In April 2024, the SEC announced a stay of these climate disclosure rules pending judicial review. The Company is continuing to evaluate the impact of this final rule until it becomes effective.

ORGANIZATION AND BASIS OF PRE_2

ORGANIZATION AND BASIS OF PRESENTATION (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Investment Properties	As of December 31, 2024, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 179 27,668,416 Office properties (2) 2 412,568 Development and redevelopment projects: The Corner – IN (3) 1 24,000 One Loudoun Expansion (4) — 119,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of December 31, 2024. Of the 179 operating retail properties, 176 are consolidated within these financial statements and the remaining three are accounted for under the equity method. (2) Office properties include Carillon medical office building, which was reclassified from active redevelopment into our office portfolio in December 2024. (3) This property is held in an unconsolidated joint venture in which the Company has a 50% ownership interest. (4) During the three months ended September 30, 2024, the Company began development activities on the retail and office portions of the expansion project at One Loudoun Downtown (the “One Loudoun Expansion”) in the Washington, D.C. metropolitan statistical area (“MSA”). The Company estimates that it will incur net project costs of approximately $65.0 million to $75.0 million related to the One Loudoun Expansion. The following table summarizes the composition of the Company’s investment properties as of December 31, 2024 and 2023 (in thousands) : December 31, 2024 December 31, 2023 Land, buildings and improvements $ 7,591,036 $ 7,684,066 Construction in progress 43,155 55,995 Investment properties, at cost $ 7,634,191 $ 7,740,061

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Schedule of Investment Properties	As of December 31, 2024, the Company’s portfolio consisted of the following: Properties Square Footage Operating retail properties (1) 179 27,668,416 Office properties (2) 2 412,568 Development and redevelopment projects: The Corner – IN (3) 1 24,000 One Loudoun Expansion (4) — 119,000 Hamilton Crossing Centre 1 92,283 Edwards Multiplex – Ontario 1 124,614 (1) Included within operating retail properties are 10 properties that contain an office component. Excludes one operating retail property classified as held for sale as of December 31, 2024. Of the 179 operating retail properties, 176 are consolidated within these financial statements and the remaining three are accounted for under the equity method. (2) Office properties include Carillon medical office building, which was reclassified from active redevelopment into our office portfolio in December 2024. (3) This property is held in an unconsolidated joint venture in which the Company has a 50% ownership interest. (4) During the three months ended September 30, 2024, the Company began development activities on the retail and office portions of the expansion project at One Loudoun Downtown (the “One Loudoun Expansion”) in the Washington, D.C. metropolitan statistical area (“MSA”). The Company estimates that it will incur net project costs of approximately $65.0 million to $75.0 million related to the One Loudoun Expansion. The following table summarizes the composition of the Company’s investment properties as of December 31, 2024 and 2023 (in thousands) : December 31, 2024 December 31, 2023 Land, buildings and improvements $ 7,591,036 $ 7,684,066 Construction in progress 43,155 55,995 Investment properties, at cost $ 7,634,191 $ 7,740,061
Schedule of Cash and Cash Equivalents	The following table summarizes our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Cash and cash equivalents $ 128,056 $ 36,413 $ 115,799 Restricted cash and escrow deposits 5,271 5,017 6,171 Restricted cash associated with investment property held for sale 225 — — Cash, cash equivalents and restricted cash $ 133,552 $ 41,430 $ 121,970
Schedule of Restricted Cash	The following table summarizes our total cash, cash equivalents and restricted cash as presented in the accompanying consolidated statements of cash flows for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Cash and cash equivalents $ 128,056 $ 36,413 $ 115,799 Restricted cash and escrow deposits 5,271 5,017 6,171 Restricted cash associated with investment property held for sale 225 — — Cash, cash equivalents and restricted cash $ 133,552 $ 41,430 $ 121,970
Schedule of Revenue Concentration	For the year ended December 31, 2024, the percentage of the Company’s revenue recognized from tenants leasing space in the states where the majority of our portfolio is concentrated, which includes Texas, Florida, Virginia, Indiana, and New York, was as follows: Texas 26.8 % Florida 11.0 % Virginia 7.3 % Indiana 6.4 % New York 6.1 %
Schedule of Tax Characterization of Dividends Paid	The following table summarizes the tax characterization of the dividends paid by the Parent Company for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, 2024 2023 2022 Ordinary income 96.4 % 90.6 % 86.1 % Return of capital 0.0 % 0.0 % 0.0 % Capital gains 3.6 % 9.4 % 13.9 % 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, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Noncontrolling interests balance as of January 1, $ 2,430 $ 5,370 $ 5,146 Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests 280 256 224 Distributions to noncontrolling interests (1) (817) (3,196) — Noncontrolling interests balance as of December 31, $ 1,893 $ 2,430 $ 5,370 (1) During the year ended December 31, 2023, we received a $3.2 million distribution from excess proceeds related to a third-party financing.
Schedule of Ownership Interests of the Parent Company and Limited Partners	For the years ended December 31, 2024, 2023 and 2022, the weighted average interests of the Parent Company and the limited partners in the Operating Partnership were as follows: Year Ended December 31, 2024 2023 2022 Parent Company’s weighted average interest in the Operating Partnership 98.3 % 98.6 % 98.7 % Limited partners’ weighted average interests in the Operating Partnership 1.7 % 1.4 % 1.3 %
Schedule of Redeemable Noncontrolling Interests	The redeemable noncontrolling interests in the Operating Partnership and subsidiaries for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands) : Year Ended December 31, 2024 2023 2022 Redeemable noncontrolling interests balance as of January 1, $ 73,287 $ 53,967 $ 55,173 Net income allocable to redeemable noncontrolling interests 65 629 258 Distributions declared to redeemable noncontrolling interests (3,970) (3,159) (2,622) Payment for redemption of redeemable noncontrolling interests — — (10,070) Other, net including adjustments to redemption value 28,692 21,850 11,228 Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 98,074 $ 73,287 $ 53,967 Limited partners’ interests in the Operating Partnership $ 98,074 $ 73,287 $ 53,967 Other redeemable noncontrolling interests in certain subsidiaries — — — Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31, $ 98,074 $ 73,287 $ 53,967

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Asset Acquisitions	The Company closed on the following asset acquisitions during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Acquisition 2024 August 30, 2024 Parkside West Cobb Atlanta Multi-tenant retail 141,627 $ 40,125 2023 September 22, 2023 Prestonwood Place Dallas/Ft. Worth Multi-tenant retail 155,975 $ 81,000 2022 February 16, 2022 Pebble Marketplace Las Vegas Multi-tenant retail 85,796 $ 44,100 April 13, 2022 MacArthur Crossing Dallas/Ft. Worth Two-tenant building 56,077 21,920 July 15, 2022 Palms Plaza Miami Multi-tenant retail 68,976 35,750 210,849 $ 101,770
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the fair value of assets acquired and liabilities assumed for the asset acquisitions completed during the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Investment properties, net $ 38,080 $ 75,506 $ 99,096 Tenant and other receivables, net 18 — — Lease-related intangible assets, net (1) 4,607 6,971 5,223 Other assets — — 11 Total acquired assets 42,705 82,477 104,330 Accounts payable and accrued expenses 664 2,823 1,140 Deferred revenue and other liabilities 2,496 1,556 2,855 Total assumed liabilities 3,160 4,379 3,995 Fair value of net assets acquired $ 39,545 $ 78,098 $ 100,335 (1) The weighted average remaining life of leases at the acquired properties is approximately 6.1 years, 6.2 years, and 6.7 years for asset acquisitions completed during the years ended December 31, 2024, 2023 and 2022, respectively.
Schedule of Level 3 Assumptions Used in Determining Value of Acquired Assets	The range of the most significant Level 3 assumptions used in determining the value of the real estate and related assets acquired through asset acquisitions are as follows: 2024 2023 2022 Net rental rate per square foot – Retail Anchors $18.75 to $19.00 N/A $20.50 to $40.00 Net rental rate per square foot – Small Shops $20.00 to $45.00 $30.00 to $65.00 $24.00 to $65.00 Discount rate 8.50% 8.50% 5.75% to 7.25%

DISPOSITIONS AND IMPAIRMENT C_2

DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Property Dispositions	The Company closed on the following dispositions during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands) : Date Property Name MSA Property Type Square Sales Price Gain (Loss) 2024 May 31, 2024 Ashland & Roosevelt Chicago Multi-tenant retail 104,176 $ 30,600 $ (1,234) 2023 May 8, 2023 Kingwood Commons Houston Multi-tenant retail 158,172 $ 27,350 $ 4,736 June 8, 2023 Pan Am Plaza & Garage Indianapolis Land & garage — 52,025 23,638 September 11, 2023 Reisterstown Road Plaza Baltimore Multi-tenant retail & office 376,683 48,250 (5,773) October 24, 2023 Eastside Dallas/Ft. Worth Multi-tenant retail & office 43,640 14,425 — 578,495 $ 142,050 $ 22,601 2022 January 26, 2022 Hamilton Crossing Centre Indianapolis Redevelopment (1) — $ 6,900 $ 3,168 June 16, 2022 Plaza Del Lago Chicago Multi-tenant retail (2) 100,016 58,650 23,958 October 27, 2022 Lincoln Plaza – Lowe’s Worcester, MA Ground lease interest (3) — 10,000 (57) 100,016 $ 75,550 $ 27,069 (1) The Company sold a portion of the redevelopment at Hamilton Crossing Centre. The total number of properties in our portfolio was not affected by this transaction. (2) Plaza Del Lago also contained 8,800 square feet of residential space comprised of 18 multifamily rental units. (3) The Company sold the ground lease interest in one tenant at Lincoln Plaza, an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction. The following table presents the assets and liabilities associated with City Center, the investment property that remains classified as held for sale as of December 31, 2024 (in thousands) : December 31, 2024 Assets Net investment properties $ 68,991 Tenant and other receivables 1,760 Restricted cash and escrow deposits 225 Deferred costs, net 2,634 Prepaid and other assets 181 Assets associated with investment property held for sale $ 73,791 Liabilities Accounts payable and accrued expenses $ 544 Deferred revenue and other liabilities 3,465 Liabilities associated with investment property held for sale $ 4,009

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Share/LTIP Unit Activity	The following table summarizes the activity for the restricted shares that were granted to the Company’s employees and Board of Trustees for the year ended December 31, 2024: Number of Weighted Average Restricted shares outstanding as of January 1, 2024 337,077 $ 21.28 Shares granted 256,134 21.20 Shares forfeited (32,117) 21.11 Shares vested (175,858) 20.99 Restricted shares outstanding as of December 31, 2024 385,236 $ 21.37 The following table summarizes the restricted share grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except share and per share data) : Number of Weighted Average Fair Value of 2024 256,134 $ 21.20 $ 3,736 2023 229,551 $ 21.45 $ 3,936 2022 206,855 $ 21.15 $ 4,459 The following table summarizes the activity for the LTIP Units that were granted to the Company’s named executive officers for the year ended December 31, 2024: Number of Weighted Average LTIP Units outstanding as of January 1, 2024 402,870 $ 15.61 LTIP Units granted 194,136 16.99 LTIP Units vested (186,297) 15.26 Restricted units outstanding as of December 31, 2024 410,709 $ 16.43 The following table summarizes the LTIP Unit grants and vestings during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except unit and per unit data) : Number of Weighted Average Fair Value of 2024 194,136 $ 16.99 $ 4,270 2023 163,515 $ 17.45 $ 3,740 2022 138,505 $ 17.07 $ 3,173

DEFERRED COSTS AND INTANGIBLE_2

DEFERRED COSTS AND INTANGIBLES, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Deferred Costs	As of December 31, 2024 and 2023, deferred costs consisted of the following (in thousands) : December 31, 2024 December 31, 2023 Acquired lease intangible assets $ 357,674 $ 433,771 Deferred leasing costs and other 89,762 74,662 447,436 508,433 Less: accumulated amortization (206,589) (204,262) $ 240,847 $ 304,171 Less: deferred costs associated with investment property held for sale (2,634) — Deferred costs, net $ 238,213 $ 304,171
Schedule of Amortization of Acquired Lease Intangible Assets	The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2025 $ 6,722 $ 43,502 $ 50,224 2026 4,777 30,030 34,807 2027 3,402 20,561 23,963 2028 2,363 16,167 18,530 2029 1,124 11,128 12,252 Thereafter 1,405 26,882 28,287 Total $ 19,793 $ 148,270 $ 168,063 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : 2025 $ 14,600 2026 12,110 2027 10,126 2028 9,504 2029 8,294 Thereafter 87,401 Total $ 142,035
Schedule of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 77,224 $ 107,542 $ 150,245 Amortization of above-market lease intangibles $ 9,479 $ 12,007 $ 13,562 (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of debt issuance costs $ 4,650 $ 3,609 $ 3,163

DEFERRED REVENUE, INTANGIBLES_2

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Deferred Revenue and Other Liabilities	As of December 31, 2024 and 2023, deferred revenue, intangibles, net and other liabilities consisted of the following (in thousands) : December 31, 2024 December 31, 2023 Unamortized in-place lease liabilities $ 142,035 $ 159,449 Retainages payable and other 8,317 9,229 Tenant rents received in advance 32,176 35,339 Lease liabilities 67,037 68,925 $ 249,565 $ 272,942 Less: deferred revenue associated with investment property held for sale (3,465) — Deferred revenue and other liabilities $ 246,100 $ 272,942
Schedule of Amortization of In-Place Lease Liabilities	The estimated net amounts of amortization of acquired lease intangible assets for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : Amortization of Amortization of Total 2025 $ 6,722 $ 43,502 $ 50,224 2026 4,777 30,030 34,807 2027 3,402 20,561 23,963 2028 2,363 16,167 18,530 2029 1,124 11,128 12,252 Thereafter 1,405 26,882 28,287 Total $ 19,793 $ 148,270 $ 168,063 The estimated net amounts of amortization of in-place lease liabilities and the increasing effect on minimum rent for properties owned as of December 31, 2024 for each of the next five years and thereafter are as follows (in thousands) : 2025 $ 14,600 2026 12,110 2027 10,126 2028 9,504 2029 8,294 Thereafter 87,401 Total $ 142,035

MORTGAGE AND OTHER INDEBTEDNE_2

MORTGAGE AND OTHER INDEBTEDNESS (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Indebtedness	The following table summarizes the Company’s indebtedness as of December 31, 2024 and 2023 (in thousands) : December 31, 2024 December 31, 2023 Mortgages payable $ 148,185 $ 153,306 Senior unsecured notes 2,380,000 1,829,635 Unsecured term loans 700,000 820,000 Unsecured revolving line of credit — — 3,228,185 2,802,941 Unamortized discounts and premiums, net 22,191 35,765 Unamortized debt issuance costs, net (23,446) (9,504) Mortgage and other indebtedness, net $ 3,226,930 $ 2,829,202 The following table summarizes the Company’s senior unsecured notes and exchangeable senior notes (dollars in thousands) : December 31, 2024 December 31, 2023 Maturity Date Balance Interest Rate Balance Interest Rate Senior notes – 4.58% due 2024 June 30, 2024 $ — — % $ 149,635 4.58 % Senior notes – 4.00% due 2025 March 15, 2025 350,000 4.00 % 350,000 4.00 % Senior notes – SOFR (1) September 10, 2025 80,000 7.70 % 80,000 9.27 % Senior notes – 4.08% due 2026 September 30, 2026 100,000 4.08 % 100,000 4.08 % Senior notes – 4.00% due 2026 October 1, 2026 300,000 4.00 % 300,000 4.00 % Senior exchangeable notes – 0.75% due 2027 April 1, 2027 175,000 0.75 % 175,000 0.75 % Senior notes – SOFR (2) September 10, 2027 75,000 7.80 % 75,000 9.37 % Senior notes – 4.24% due 2028 December 28, 2028 100,000 4.24 % 100,000 4.24 % Senior notes – 4.82% due 2029 June 28, 2029 100,000 4.82 % 100,000 4.82 % Senior notes – 4.75% due 2030 September 15, 2030 400,000 4.75 % 400,000 4.75 % Senior notes – 4.95% due 2031 December 15, 2031 350,000 4.95 % — — % Senior notes – 5.50% due 2034 (3) March 1, 2034 350,000 4.60 % — — % Total senior unsecured notes $ 2,380,000 $ 1,829,635 (1) $80,000 of 4.47% senior unsecured notes due 2025 has been swapped to a variable rate of three-month SOFR (2) $75,000 of 4.57% senior unsecured notes due 2027 has been swapped to a variable rate of three-month SOFR (3) The coupon rate of the Notes Due 2034 (defined below) is 5.50%; however, as a result of hedging activities, the Company’s interest rate is 4.60%. The following table summarizes the Company’s term loans and revolving line of credit (dollars in thousands) : December 31, 2024 December 31, 2023 Maturity Date Balance Interest Rate Balance Interest Rate Unsecured term loan due 2024 – fixed rate (1) July 17, 2024 $ — — % $ 120,000 2.68 % Unsecured term loan due 2026 – fixed rate (2) July 17, 2026 150,000 2.73 % 150,000 2.73 % Unsecured term loan due 2027 – fixed rate (3) October 24, 2027 250,000 3.94 % 250,000 5.09 % Unsecured term loan due 2029 – fixed rate (4) July 29, 2029 300,000 3.72 % 300,000 3.82 % Total unsecured term loans $ 700,000 $ 820,000 Unsecured credit facility revolving line of credit – variable rate (5) October 3, 2028 $ — 5.64 % $ — 6.58 % (1) As of December 31, 2023, $120,000 of SOFR (2) $150,000 of SOFR (3) $250,000 of SOFR (4) $300,000 of SOFR (5) The revolving line of credit can be extended for either one one-year period or up to two six-month periods at the Company’s election, subject to (i) customary representations and warranties, including, but not limited to, the absence of an event of default as defined in the unsecured credit agreement and (ii) payment of an extension fee equal to 0.075% of the revolving line of credit capacity.
Schedule of Weighted Average Interest Rates and Maturities	Consolidated indebtedness, including weighted average interest rates and weighted average maturities as of December 31, 2024, considering the impact of interest rate swaps, is summarized below (dollars in thousands) : Amount Ratio Weighted Average Weighted Fixed rate debt (1) $ 3,058,585 95 % 4.08 % 4.3 Variable rate debt (2) 169,600 5 % 7.64 % 1.7 Debt discounts, premiums and issuance costs, net (1,255) N/A N/A N/A Mortgage and other indebtedness, net $ 3,226,930 100 % 4.27 % 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, 2024, $700.0 million in variable rate debt is hedged to a fixed rate for a weighted average of 0.9 years. (2) Variable rate debt includes the portion of fixed rate debt that has been hedged by interest rate swaps. As of December 31, 2024, $155.0 million in fixed rate debt is hedged to a floating rate for a weighted average of 0.7 years.
Schedule of Mortgages Payable	The following table summarizes the Company’s mortgages payable (dollars in thousands) : December 31, 2024 December 31, 2023 Balance Weighted Average Weighted Average Years Balance Weighted Average Weighted Average Years Fixed rate mortgages payable (1) $ 133,585 5.10 % 7.1 $ 136,306 5.09 % 8.1 Variable rate mortgage payable (2) 14,600 6.48 % 1.6 17,000 7.59 % 2.6 Total mortgages payable $ 148,185 $ 153,306 (1) The fixed rate mortgages had interest rates ranging from 3.75% to 5.73% as of December 31, 2024 and 2023. (2) On October 1, 2024, the index on the variable rate mortgage was replaced with the Secured Overnight Financing Rate (“ SOFR BSBY
Schedule of Key Terms of Revolving Credit Facility and Term Loans	The following table summarizes the key terms of the Revolving Facility as of December 31, 2024 (dollars in thousands) : Leverage-Based Pricing Investment-Grade Pricing Credit Agreement Maturity Date Extension Options Extension Fee Credit Spread Facility Fee Credit Spread Facility Fee SOFR $1,100,000 unsecured revolving line of credit 10/3/2028 1 one-year or 2 six-month 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, 2024 (dollars in thousands) : Unsecured Term Loans Maturity Date Leverage-Based Pricing Investment-Grade Pricing SOFR $150,000 unsecured term loan due 2026 7/17/2026 1.20% – 1.70% 0.75% – 1.60% 0.10% $250,000 unsecured term loan due 2027 10/24/2027 (1) N/A 0.75% – 1.60% 0.10% $300,000 unsecured term loan due 2029 7/29/2029 N/A 1.15% – 2.20% 0.10% (1) The maturity date may be extended by one one-year period at the Operating Partnership’s option, subject to certain conditions.
Schedule of Deferred Cost Amortization	The amounts of such amortization included in the accompanying consolidated statements of operations and comprehensive income are as follows (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of deferred leasing costs, lease intangibles and other $ 77,224 $ 107,542 $ 150,245 Amortization of above-market lease intangibles $ 9,479 $ 12,007 $ 13,562 (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of debt issuance costs $ 4,650 $ 3,609 $ 3,163
Schedule of Debt Discounts, Premiums and Hedge Instruments Amortization	The following amounts of amortization are included as a component of “Interest expense” in the accompanying consolidated statements of operations and comprehensive income (in thousands) : Year Ended December 31, 2024 2023 2022 Amortization of debt discounts, premiums and hedge instruments $ 13,592 $ 19,503 $ 20,140
Schedule of Debt Discounts, Premiums and Hedge Instruments Amortization Maturity	In addition, the estimated amounts of the reduction to interest expense as of December 31, 2024 for each of the next five years and thereafter related to the amortization of debt discounts, premiums and assumed hedge instruments, assuming these instruments are held to maturity, are as follows (in thousands) : 2025 $ 7,486 2026 5,832 2027 4,914 2028 4,904 2029 3,978 Thereafter 484 Total unamortized debt discounts, premiums and hedge instruments $ 27,598
Schedule of Reconciliation of Unamortized Debt Discounts, Premiums and Hedge Instruments	The following table reconciles total unamortized debt discounts, premiums and hedge instruments as of December 31, 2024 to the balance of unamortized discounts and premiums, net (in thousands) : Unamortized discounts and premiums on mortgages payable, senior unsecured notes and unsecured term loans $ 26,128 Unamortized hedge instruments 1,470 Total unamortized debt discounts, premiums and hedge instruments 27,598 Unamortized hedge instruments (included in accumulated other comprehensive income) (1,470) Fair value of variable interest rate swaps (3,937) Unamortized discounts and premiums, net $ 22,191
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, 2024 (in thousands) : Secured Debt Scheduled Term Unsecured Debt Total 2025 $ 5,248 $ — $ 430,000 $ 435,248 2026 4,581 10,600 550,000 565,181 2027 3,120 — 500,000 503,120 2028 3,757 — 100,000 103,757 2029 4,324 — 400,000 404,324 Thereafter 23,767 92,788 1,100,000 1,216,555 $ 44,797 $ 103,388 $ 3,080,000 $ 3,228,185 Debt discounts, premiums and issuance costs, net (1,255) Mortgage and other indebtedness, net $ 3,226,930

DERIVATIVE INSTRUMENTS, HEDGI_2

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Terms and Fair Values of Derivative Instruments	The following table summarizes the terms and fair values of the Company’s derivative financial instruments that were designated and qualified as part of a hedging relationship as of December 31, 2024 and 2023 (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, 2024 December 31, 2023 Cash Flow Four $ 250,000 SOFR 2.99 % 12/1/2022 10/24/2025 $ 2,307 $ 4,952 Cash Flow Two 100,000 SOFR 2.66 % 8/1/2022 8/1/2025 884 2,415 Cash Flow Two 200,000 SOFR 2.37 % 11/22/2023 8/1/2025 2,101 5,716 Cash Flow Three — SOFR 1.58 % 8/15/2022 7/17/2024 — 2,236 Cash Flow Three 150,000 SOFR 1.68 % 8/15/2022 7/17/2026 5,316 7,744 $ 700,000 $ 10,608 $ 23,063 Fair Value (2) Two $ 155,000 SOFR SOFR 4/23/2021 9/10/2025 $ (3,937) $ (9,408) Forward-Starting Cash Flow (3) Three $ 150,000 SOFR 3.44 % 6/28/2024 6/28/2034 $ — $ (700) (1) Derivatives in an asset position are included within “Prepaid and other assets” and derivatives in a liability position are included within “Accounts payable and accrued expenses” in the accompanying consolidated balance sheets. (2) The derivative agreements swap a blended fixed rate of 4.52% for a blended floating rate of three-month SOFR (3) The forward-starting interest rate swaps were terminated in conjunction with the issuance of the Notes Due 2034 in January 2024.

LEASE INFORMATION (Tables)

LEASE INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Rental Income Related to Operating Leases	Rental income related to the Company’s operating leases is comprised of the following for the years ended December 31, 2024, 2023 and 2022 (in thousands) : Year Ended December 31, 2024 2023 2022 Fixed contractual lease payments – operating leases $ 653,537 $ 637,915 $ 615,773 Variable lease payments – operating leases 156,200 151,853 151,304 Bad debt reserve (5,356) (3,459) (6,027) Straight-line rent adjustments 12,742 13,186 17,031 Straight-line rent reserve for uncollectibility (653) (1,374) (553) Amortization of in-place lease liabilities, net 10,078 12,025 4,821 Rental income $ 826,548 $ 810,146 $ 782,349
Schedule of Future Minimum Lease Payments to be Received	As of December 31, 2024, future minimum rentals to be received under non-cancelable operating leases, excluding variable lease payments and amounts deferred under lease concession agreements, for each of the next five years and thereafter are as follows (in thousands) : Lease Payments 2025 $ 643,851 2026 597,134 2027 524,291 2028 435,178 2029 332,941 Thereafter 999,811 Total $ 3,533,206
Schedule of Future Minimum Lease Payments under Ground Leases	As of December 31, 2024, future minimum lease payments due under ground leases for each of the next five years and thereafter are as follows (in thousands) : Lease Obligations 2025 $ 5,169 2026 5,174 2027 5,219 2028 4,979 2029 4,935 Thereafter 100,709 $ 126,185 Adjustment for discounting (59,148) Lease liabilities as of December 31, 2024 $ 67,037

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents information on the Company’s reported segment revenue, net operating income, and significant segment expenses that are provided to the CODM and included within the Company’s single reportable operating segment measure of profit or loss: Year Ended December 31, 2024 2023 2022 Revenue: Minimum rent $ 650,331 $ 642,255 $ 620,847 Tenant reimbursements 174,510 163,877 161,594 Bad debt reserve (5,356) (3,459) (6,027) Other property-related revenue 8,787 6,416 8,756 Overage rent 7,063 7,473 5,935 Total revenue 835,335 816,562 791,105 Expenses: Property operating – recoverable 96,894 90,180 91,295 Property operating – non-recoverable 15,455 16,348 14,400 Real estate taxes 103,301 101,780 103,759 Total expenses 215,650 208,308 209,454 Net operating income 619,685 608,254 581,651 Other (expense) income: Other general and administrative expenses (52,558) (56,142) (54,860) Fee income 4,663 4,366 8,539 Impairment charges (66,201) (477) — Depreciation and amortization (393,335) (426,361) (469,805) Merger and acquisition costs — — (925) Interest expense (125,691) (105,349) (104,276) Equity in (loss) earnings of unconsolidated subsidiaries (1,158) 33 256 Gain on sale of unconsolidated property, net 2,325 — — Income tax expense of taxable REIT subsidiaries (139) (533) (43) Loss on extinguishment of debt (180) — — Other income, net 17,869 1,991 240 (Loss) gain on sales of operating properties, net (864) 22,601 27,069 Net income (loss) 4,416 48,383 (12,154) Net income attributable to noncontrolling interests (345) (885) (482) Net income (loss) attributable to common shareholders $ 4,071 $ 47,498 $ (12,636)

EARNINGS PER SHARE OR UNIT (Tab

EARNINGS PER SHARE OR UNIT (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings per Share, Basic and Diluted	The following summarizes the calculation of basic and diluted earnings per share for the Parent Company for the years ended December 31, 2024, 2023 and 2022. We have omitted the calculation of basic and diluted earnings per unit since the dilutive securities for the Operating Partnership are the same as those for the Parent Company (dollars in thousands, except per share data) : Year Ended December 31, 2024 2023 2022 Numerator: Net income (loss) attributable to common shareholders – basic and diluted $ 4,071 $ 47,498 $ (12,636) Denominator: Weighted average common shares outstanding – basic 219,614,149 219,344,832 219,074,448 Effect of dilutive securities: AO LTIP Units 43,331 325,603 — Deferred common share units 70,016 57,848 — Exchangeable Notes — — — Weighted average common shares outstanding – diluted 219,727,496 219,728,283 219,074,448 Net income (loss) per common share – basic $ 0.02 $ 0.22 $ (0.06) Net income (loss) per common share – diluted $ 0.02 $ 0.22 $ (0.06)

ORGANIZATION AND BASIS OF PRE_3

ORGANIZATION AND BASIS OF PRESENTATION - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024
General Partner Units
Organization [Line Items]
General partner, ownership interest (as a percent)	98.10%
Kite Realty Group, L.P.
Organization [Line Items]
Limited partner, ownership interest (as a percent)	1.90%

ORGANIZATION AND BASIS OF PRE_4

ORGANIZATION AND BASIS OF PRESENTATION - Schedule of Real Estate Properties (Details) $ in Millions	Dec. 31, 2024 ft² property	Sep. 30, 2024 USD ($)
Operating retail properties
Real Estate Properties [Line Items]
Number of real estate properties	179
Square footage | ft²	27,668,416
Operating retail properties | Consolidated Entities
Real Estate Properties [Line Items]
Number of real estate properties	176
Operating retail properties | Equity Method Investee
Real Estate Properties [Line Items]
Number of real estate properties	3
Operating retail properties | Held-for-Sale
Real Estate Properties [Line Items]
Number of real estate properties	1
Office properties
Real Estate Properties [Line Items]
Number of real estate properties	2
Square footage | ft²	412,568
Development and redevelopment projects | The Corner - IN
Real Estate Properties [Line Items]
Ownership percentage in equity method investment (as a percent)	50%
Development and redevelopment projects | The Corner - IN
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	24,000
Development and redevelopment projects | One Loudoun Expansion
Real Estate Properties [Line Items]
Number of real estate properties	0
Square footage | ft²	119,000
Development and redevelopment projects | One Loudoun Expansion | Minimum
Real Estate Properties [Line Items]
Project costs, expected | $		$ 65
Development and redevelopment projects | One Loudoun Expansion | Maximum
Real Estate Properties [Line Items]
Project costs, expected | $		$ 75
Development and redevelopment projects | Hamilton Crossing Centre
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	92,283
Development and redevelopment projects | Edwards Multiplex – Ontario
Real Estate Properties [Line Items]
Number of real estate properties	1
Square footage | ft²	124,614
Operating retail properties with office components
Real Estate Properties [Line Items]
Number of real estate properties	10

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)

1 Months Ended

12 Months Ended

Jan. 31, 2024 USD ($) unit

Aug. 31, 2024 USD ($)

Jan. 31, 2024 USD ($) unit

Oct. 31, 2022 USD ($)

Sep. 30, 2021 USD ($)

May 31, 2020 USD ($)

Dec. 31, 2017 USD ($)

Dec. 31, 2024 USD ($) property jointVenture shares

Dec. 31, 2023 USD ($) property shares

Dec. 31, 2022 USD ($)

Dec. 31, 2021 jointVenture

Dec. 31, 2014 jointVenture

Jul. 31, 2024

Jun. 29, 2018 USD ($) property

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Number of real estate properties held for sale | property

1

0

Variable interest entity, number of entities | jointVenture

2

Assets of VIEs

$ 7,091,767,000

$ 6,944,078,000

Number of investments in unconsolidated joint ventures | jointVenture

4

Payments to acquire equity method investments

$ 13,185,000

0

$ 125,000

Gain on sales of operating properties

(864,000)

22,601,000

27,069,000

Gain on sale of unconsolidated property, net

2,325,000

0

0

Distribution from unconsolidated joint venture

1,618,000

0

1,245,000

Investment in short-term deposits

$ 615,000,000

$ 0

$ 0

Provision for credit losses, net of recoveries as percent of revenue (as a percent)

0.60%

0.30%

0.70%

Limited partners' capital account, units outstanding (in shares) | shares

4,192,597

3,512,868

January 2024 Deposits

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Investment in short-term deposits

$ 265,000,000

Short-term investments, interest rate (as a percent)

5.34%

5.34%

Interest income, nonoperating

$ 6,300,000

August 2024 Deposits

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Investment in short-term deposits

$ 350,000,000

Short-term investments, interest rate (as a percent)

5.05%

Interest income, nonoperating

$ 6,600,000

Capital Unit, Class B

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Number of joint ventures in which units are issued | jointVenture

3

Number of joint ventures in which units are issued, noncontrolling interest | jointVenture

1

Amount of joint venture redemption

$ 9,700,000

One Loudoun Downtown - Pads G & H Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Noncontrolling interest, ownership percentage by parent (as a percent)

90%

Operating Partnership

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Noncontrolling interest, ownership percentage by parent (as a percent)

98.10%

98.40%

Noncontrolling interest, ownership percentage by noncontrolling owners (as a percent)

1.90%

1.60%

Other property-related revenue

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Gain on sales of other real estate

$ 4,400,000

$ 1,700,000

$ 4,500,000

Three Property Retail Portfolio Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Ownership percentage in equity method investment (as a percent)

20%

Three Property Retail Portfolio Joint Venture | Livingston Shopping Center, Plaza Volente, and Tamiami Crossing

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Number of real estate properties | property

3

Consideration received

$ 99,800,000

Equity method investment

$ 10,000,000

Embassy Suites at Eddy St. Commons Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Ownership percentage in equity method investment (as a percent)

35%

35%

35%

Payments to acquire equity method investments

$ 1,400,000

Repayment of construction loan

$ 10,200,000

Embassy Suites at Eddy St. Commons Joint Venture | Construction loan payable | Co-venturer

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Debt instrument, face amount

33,800,000

Glendale Multifamily Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Ownership percentage in equity method investment (as a percent)

12%

Gain on sales of operating properties

$ 20,200,000

Gain on sale of unconsolidated property, net

2,300,000

Distribution from unconsolidated joint venture

1,600,000

Glendale Multifamily Joint Venture | Multifamily

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Number of multifamily rental units | unit

267

267

Buckingham Mixed-Use Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Ownership percentage in equity method investment (as a percent)

50%

VIE

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Mortgage debt of VIEs

109,700,000

Assets of VIEs

$ 218,000,000

Building and improvements | Minimum

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Property, plant and equipment, useful life (in years)

10 years

Building and improvements | Maximum

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Property, plant and equipment, useful life (in years)

35 years

Fixtures and leasehold improvements | Minimum

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Property, plant and equipment, useful life (in years)

5 years

Fixtures and leasehold improvements | Maximum

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Property, plant and equipment, useful life (in years)

10 years

Land | Glendale Multifamily Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Contribution of property

$ 1,600,000

Land | Buckingham Mixed-Use Joint Venture

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Contribution of property

$ 4,000,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Investment Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Land, buildings and improvements	$ 7,591,036	$ 7,684,066
Construction in progress	43,155	55,995
Investment properties, at cost	$ 7,634,191	$ 7,740,061

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 128,056	$ 36,413	$ 115,799
Restricted cash and escrow deposits	5,271	5,017	6,171
Restricted cash associated with investment property held for sale	225	0	0
Cash, cash equivalents and restricted cash	$ 133,552	$ 41,430	$ 121,970

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Revenue Concentration (Details) - Geographic Concentration Risk - Tenant, Lease Income	12 Months Ended
	Dec. 31, 2024
Texas
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	26.80%
Florida
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	11%
Virginia
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	7.30%
Indiana
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	6.40%
New York
Concentration Risk [Line Items]
Concentration risk, percentage (as a percent)	6.10%

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Tax Characterizations of Dividends Paid (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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)	96.40%	90.60%	86.10%
Return of capital
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	0%	0%	0%
Capital gains
Income Tax Characterization [Line Items]
Income tax characterization of dividends paid (as a percent)	3.60%	9.40%	13.90%

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests balance as of January 1,	$ 2,430	$ 5,370	$ 5,146
Net income allocable to noncontrolling interests, excluding redeemable noncontrolling interests	280	256	224
Distributions to noncontrolling interests	(817)	(3,196)	0
Noncontrolling interests balance as of December 31,	$ 1,893	$ 2,430	$ 5,370

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Weighted Average Interests in Operating Partnership (Details) - Operating Partnership	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Parent Company’s weighted average interest in the Operating Partnership	98.30%	98.60%	98.70%
Limited partners’ weighted average interests in the Operating Partnership	1.70%	1.40%	1.30%

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Redeemable Noncontrolling Interests (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Net income allocable to redeemable noncontrolling interests	$ 345	$ 885	$ 482
Distributions declared to redeemable noncontrolling interests	(817)	(3,196)	0
Payment for redemption of redeemable noncontrolling interests	0	0	(9,654)
Redeemable Noncontrolling Interests
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	73,287	53,967	55,173
Net income allocable to redeemable noncontrolling interests	65	629	258
Distributions declared to redeemable noncontrolling interests	(3,970)	(3,159)	(2,622)
Payment for redemption of redeemable noncontrolling interests	0	0	(10,070)
Other, net including adjustments to redemption value	28,692	21,850	11,228
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	98,074	73,287	53,967
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	98,074	73,287	53,967
Redeemable Noncontrolling Interests | Partnership Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redeemable noncontrolling interests balance as of January 1,	73,287	53,967
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	98,074	73,287	53,967
Limited partners’ interests in the Operating Partnership	98,074	73,287	53,967
Other redeemable noncontrolling interests in certain subsidiaries	0	0	0
Total limited partners’ interests in the Operating Partnership and other redeemable noncontrolling interests balance as of December 31,	$ 98,074	$ 73,287	$ 53,967

ACQUISITIONS - Schedule of Asse

ACQUISITIONS - Schedule of Asset Acquisitions (Details) $ in Thousands						12 Months Ended
	Aug. 30, 2024 USD ($) ft²	Sep. 22, 2023 USD ($) ft²	Jul. 15, 2022 USD ($) ft²	Apr. 13, 2022 USD ($) ft²	Feb. 16, 2022 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Parkside West Cobb
Asset Acquisition [Line Items]
Square footage | ft²	141,627
Acquisition price | $	$ 40,125
Prestonwood Place
Asset Acquisition [Line Items]
Square footage | ft²		155,975
Acquisition price | $		$ 81,000
2022 Asset Acquisitions
Asset Acquisition [Line Items]
Square footage | ft²						210,849
Acquisition price | $						$ 101,770
Pebble Marketplace
Asset Acquisition [Line Items]
Square footage | ft²					85,796
Acquisition price | $					$ 44,100
MacArthur Crossing
Asset Acquisition [Line Items]
Square footage | ft²				56,077
Acquisition price | $				$ 21,920
Palms Plaza
Asset Acquisition [Line Items]
Square footage | ft²			68,976
Acquisition price | $			$ 35,750

ACQUISITIONS - Schedule of As_2

ACQUISITIONS - Schedule of Assets Acquired and Liabilities Assumed (Details) - Asset Acquisitions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Asset Acquisition [Line Items]
Investment properties, net	$ 38,080	$ 75,506	$ 99,096
Tenant and other receivables, net	18	0	0
Lease-related intangible assets, net	4,607	6,971	5,223
Other assets	0	0	11
Total acquired assets	42,705	82,477	104,330
Accounts payable and accrued expenses	664	2,823	1,140
Deferred revenue and other liabilities	2,496	1,556	2,855
Total assumed liabilities	3,160	4,379	3,995
Fair value of net assets acquired	$ 39,545	$ 78,098	$ 100,335
Lease Agreements
Asset Acquisition [Line Items]
Weighted average amortization period (in years)	6 years 1 month 6 days	6 years 2 months 12 days	6 years 8 months 12 days

ACQUISITIONS - Schedule of Leve

ACQUISITIONS - Schedule of Level 3 Assumptions Used in Determining Value of Acquired Assets (Details) - Valuation, Income Approach - Asset Acquisitions	12 Months Ended
	Dec. 31, 2024 $ / ft²	Dec. 31, 2023 $ / ft²	Dec. 31, 2022 $ / ft²
Net rental rate per square foot – Retail Anchors | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	18.75		20.50
Net rental rate per square foot – Retail Anchors | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	19		40
Net rental rate per square foot – Small Shops | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	20	30	24
Net rental rate per square foot – Small Shops | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	45	65	65
Discount rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input	0.0850	0.0850
Discount rate | Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input			0.0575
Discount rate | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input			0.0725

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - Village Commons - Subsequent Event $ in Millions	1 Months Ended
	Feb. 12, 2025 USD ($) ft²
Asset Acquisition [Line Items]
Area of real estate property | ft²	170,976
Acquisition price | $	$ 68.4

DISPOSITIONS AND IMPAIRMENT C_3

DISPOSITIONS AND IMPAIRMENT CHARGES - Schedule of Dispositions (Details) $ in Thousands									12 Months Ended
	May 31, 2024 USD ($) ft²	Oct. 24, 2023 USD ($) ft²	Sep. 11, 2023 USD ($) ft²	Jun. 08, 2023 USD ($) ft²	May 08, 2023 USD ($) ft²	Oct. 27, 2022 USD ($) ft² tenant	Jun. 16, 2022 USD ($) ft² rental	Jan. 26, 2022 USD ($) ft²	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) [Extensible Enumeration]									(Loss) gain on sales of operating properties, net	(Loss) gain on sales of operating properties, net	(Loss) 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]
Square footage | ft²										578,495	100,016
Sales price										$ 142,050	$ 75,550
Gain (loss)										$ 22,601	$ 27,069
Ashland & Roosevelt | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²	104,176
Sales price	$ 30,600
Gain (loss)	$ (1,234)
Kingwood Commons | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²					158,172
Sales price					$ 27,350
Gain (loss)					$ 4,736
Pan Am Plaza & Garage | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²				0
Sales price				$ 52,025
Gain (loss)				$ 23,638
Reisterstown Road Plaza | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²			376,683
Sales price			$ 48,250
Gain (loss)			$ (5,773)						$ 600
Eastside | Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²		43,640
Sales price		$ 14,425
Gain (loss)		$ 0
Hamilton Crossing Centre | Disposed of by sale
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 | Disposed of by sale
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 | Disposed of by sale | Residential
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square footage | ft²							8,800
Plaza Del Lago | Disposed of by sale | 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 | Disposed of by sale
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 | Disposed of by sale | 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

DISPOSITIONS AND IMPAIRMENT C_4

DISPOSITIONS AND IMPAIRMENT CHARGES - Additional Information (Details) $ in Thousands			3 Months Ended	12 Months Ended
	Oct. 24, 2023 USD ($) ft²	Sep. 11, 2023 USD ($) ft²	Jun. 30, 2024 USD ($) ft²	Dec. 31, 2024 USD ($) ft² unit	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of operating properties				$ 30,409	$ 137,687	$ 75,699
Impairment charges				$ 66,201	477	0
Development and Redevelopment Projects | One Loudoun Expansion
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of residential units with rights to develop | unit				24
Area of real estate property | ft²				119,000
Disposed of by sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal					$ 22,601	$ 27,069
Area of real estate property | ft²					578,495	100,016
Consideration received					$ 142,050	$ 75,550
Disposed of by sale | One Loudoun Expansion
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of operating properties				$ 6,400
Gain on disposal				2,500
Disposed of by sale | Reisterstown Road Plaza
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal		$ (5,773)		600
Proceeds from escrow deposit disbursements related to property sales				$ 600
Area of real estate property | ft²		376,683
Consideration received		$ 48,250
Disposed of by sale | Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal	$ 0
Area of real estate property | ft²	43,640
Consideration received	$ 14,425
Held-for-Sale | City Center
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of real estate property | ft²			362,278
Impairment charges			$ 66,200
Long-lived assets, carrying value			135,100
Long-lived assets, fair value			69,600
Selling costs			$ 700
Held-for-Sale | City Center | Minimum | Fair Value, Inputs, Level 3 | Measurement Input, Cap Rate | Valuation, Income Approach
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input			0.060
Held-for-Sale | City Center | Maximum | Fair Value, Inputs, Level 3 | Measurement Input, Cap Rate | Valuation, Income Approach
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Measurement input			0.150
Held-for-Sale | Eastside
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of real estate property | ft²					43,640
Impairment charges					$ 500
Real estate investment, fair value					$ 14,100

DISPOSITIONS AND IMPAIRMENT C_5

DISPOSITIONS AND IMPAIRMENT CHARGES - Schedule of Assets and Liabilities Associated with Investment Property Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Assets associated with investment property held for sale	$ 73,791	$ 0
Liabilities
Liabilities associated with investment property held for sale	4,009	$ 0
Held-for-Sale | City Center
Assets
Net investment properties	68,991
Tenant and other receivables	1,760
Restricted cash and escrow deposits	225
Deferred costs, net	2,634
Prepaid and other assets	181
Assets associated with investment property held for sale	73,791
Liabilities
Accounts payable and accrued expenses	544
Deferred revenue and other liabilities	3,465
Liabilities associated with investment property held for sale	$ 4,009

SHARE-BASED COMPENSATION - Addi

SHARE-BASED COMPENSATION - Additional Information (Details)		1 Months Ended	12 Months Ended
	May 11, 2022 shares	Jan. 31, 2022 shares	Dec. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $					$ 10,200,000	$ 10,100,000	$ 10,300,000
Share-based compensation, amount capitalized | $					$ 1,600,000	$ 1,400,000	$ 1,300,000
Options granted (in shares) | shares					0	0	0
Options exercised (in shares) | shares							1,250
Intrinsic value of options exercised | $							$ 3,300
Employee Share Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					5 years
Expiration period (in years)					10 years
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized | $					$ 4,900,000
Period for recognition (in years)					1 year
Shares granted (in shares) | shares					256,134	229,551	206,855
Restricted Shares | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $			$ 1,600,000	$ 3,100,000
Restricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					3 years
Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)					5 years
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized | $					$ 4,400,000
Period for recognition (in years)					1 year
Shares granted (in shares) | shares					194,136	163,515	138,505
LTIP Units | Scenario, Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $			$ 1,300,000	$ 2,900,000
AO LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $					$ 800,000	$ 1,700,000	$ 1,900,000
Award vesting period (in years)					5 years
AO LTIP Units exercised (in shares) | shares					485,593	551,817	439,415
Consecutive trading days for appreciation threshold (in days)					20 days
AO LTIP Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition (in years)					3 years
AO LTIP Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition (in years)					5 years
AO LTIP Units - 2019 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum appreciation threshold for vesting (as a percent)					20%
AO LTIP Units - 2020 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum appreciation threshold for vesting (as a percent)					15%
AO LTIP Units - 2021 Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum appreciation threshold for vesting (as a percent)					15%
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares) | shares		363,883
Service period (in years)		3 years
Performance component, cumulative annualized net operating income for executed new leases (as a percent)		0.60
Performance component, post-merger cash general and administrative expense synergies (as a percent)		0.20
Performance component, same property net operating income margin improvement (as a percent)		0.20
Vesting percentage (as a percent)		25%
2013 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) | shares	3,000,000
Number of shares available for grant (in shares) | shares					4,645,972

SHARE-BASED COMPENSATION - Sche

SHARE-BASED COMPENSATION - Schedule of Restricted Share Activity (Details) - Restricted Shares - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of Restricted Shares
Outstanding, beginning balance (in shares)	337,077
Shares granted (in shares)	256,134	229,551	206,855
Shares forfeited (in shares)	(32,117)
Shares vested (in shares)	(175,858)
Outstanding, ending balance (in shares)	385,236	337,077
Weighted Average Grant Date Fair Value per Share
Outstanding, beginning balance (in dollars per share)	$ 21.28
Shares granted (in dollars per share)	21.20	$ 21.45	$ 21.15
Shares forfeited (in dollars per share)	21.11
Shares vested (in dollars per share)	20.99
Outstanding, ending balance (in dollars per share)	$ 21.37	$ 21.28

SHARE-BASED COMPENSATION - Sc_2

SHARE-BASED COMPENSATION - Schedule of Share Grants and Vestings (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted (in shares)	256,134	229,551	206,855
Weighted average grant date fair value per share (in dollars per share)	$ 21.20	$ 21.45	$ 21.15
Fair value of restricted shares vested	$ 3,736	$ 3,936	$ 4,459
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted shares granted (in shares)	194,136	163,515	138,505
Weighted average grant date fair value per share (in dollars per share)	$ 16.99	$ 17.45	$ 17.07
Fair value of restricted shares vested	$ 4,270	$ 3,740	$ 3,173

SHARE-BASED COMPENSATION - Sc_3

SHARE-BASED COMPENSATION - Schedule of LTIP Units Activity (Details) - LTIP Units - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of LTIP Units
Outstanding, beginning balance (in shares)	402,870
Restricted units granted (in shares)	194,136	163,515	138,505
Restricted units vested (in shares)	(186,297)
Outstanding, ending balance (in shares)	410,709	402,870
Weighted Average Grant Date Fair Value per Unit
Outstanding, beginning balance (in dollars per share)	$ 15.61
Restricted units granted (in dollars per share)	16.99	$ 17.45	$ 17.07
Restricted units vested (in dollars per share)	15.26
Outstanding, ending balance (in dollars per share)	$ 16.43	$ 15.61

DEFERRED COSTS AND INTANGIBLE_3

DEFERRED COSTS AND INTANGIBLES, NET - Schedule of Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Acquired lease intangible assets	$ 357,674	$ 433,771
Deferred leasing costs and other	89,762	74,662
Deferred costs, gross	447,436	508,433
Less: accumulated amortization	(206,589)	(204,262)
Deferred costs, including asset held-for-sale	240,847	304,171
Less: deferred costs associated with investment property held for sale	(2,634)	0
Deferred costs, net	$ 238,213	$ 304,171

DEFERRED COSTS AND INTANGIBLE_4

DEFERRED COSTS AND INTANGIBLES, NET - Schedule of Future Amortization Expense (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Finite-Lived Intangible Assets [Line Items]
2025	$ 50,224
2026	34,807
2027	23,963
2028	18,530
2029	12,252
Thereafter	28,287
Total	168,063
Amortization of above-market leases
Finite-Lived Intangible Assets [Line Items]
2025	6,722
2026	4,777
2027	3,402
2028	2,363
2029	1,124
Thereafter	1,405
Total	19,793
Amortization of acquired lease intangible assets
Finite-Lived Intangible Assets [Line Items]
2025	43,502
2026	30,030
2027	20,561
2028	16,167
2029	11,128
Thereafter	26,882
Total	$ 148,270

DEFERRED COSTS AND INTANGIBLE_5

DEFERRED COSTS AND INTANGIBLES, NET - Schedule of Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization of deferred leasing costs, lease intangibles and other	$ 77,224	$ 107,542	$ 150,245
Amortization of above-market lease intangibles	$ 9,479	$ 12,007	$ 13,562

DEFERRED REVENUE, INTANGIBLES_3

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Schedule of Deferred Revenue and Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Unamortized in-place lease liabilities	$ 142,035	$ 159,449
Retainages payable and other	8,317	9,229
Tenant rents received in advance	32,176	35,339
Lease liabilities	$ 67,037	$ 68,925
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Deferred revenue and other liabilities	Deferred revenue and other liabilities
Total deferred revenue and other liabilities, gross	$ 249,565	$ 272,942
Less: deferred revenue associated with investment property held for sale	(3,465)	0
Deferred revenue and other liabilities	$ 246,100	$ 272,942

DEFERRED REVENUE, INTANGIBLES_4

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Amortization of below-market lease intangibles	$ 19.6	$ 24	$ 18.4

DEFERRED REVENUE, INTANGIBLES_5

DEFERRED REVENUE, INTANGIBLES, NET AND OTHER LIABILITIES - Schedule of Amortization of Acquired Lease Intangibles (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Finite-Lived Intangible Assets [Line Items]
Total	$ 168,063
Leases, Acquired-in-Place
Finite-Lived Intangible Assets [Line Items]
2025	14,600
2026	12,110
2027	10,126
2028	9,504
2029	8,294
Thereafter	87,401
Total	$ 142,035

MORTGAGE AND OTHER INDEBTEDNE_3

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Indebtedness (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Gross debt	$ 3,228,185	$ 2,802,941
Unamortized discounts and premiums, net	22,191	35,765
Unamortized debt issuance costs, net	(23,446)	(9,504)
Mortgage and other indebtedness, net	3,226,930	2,829,202
Unsecured revolving line of credit
Debt Instrument [Line Items]
Gross debt	0	0
Mortgages payable
Debt Instrument [Line Items]
Gross debt	148,185	153,306
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	2,380,000	1,829,635
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 700,000	$ 820,000

MORTGAGE AND OTHER INDEBTEDNE_4

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Weighted Average Interest Rates and Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Gross debt	$ 3,228,185	$ 2,802,941
Debt discounts, premiums and issuance costs, net	(1,255)
Mortgage and other indebtedness, net	$ 3,226,930	$ 2,829,202
Ratio (as a percent)	100%
Weighted average interest rate (as a percent)	4.27%
Weighted average years to maturity (in years)	4 years 2 months 12 days
Fixed rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 3,058,585
Ratio (as a percent)	95%
Weighted average interest rate (as a percent)	4.08%
Weighted average years to maturity (in years)	4 years 3 months 18 days
Fixed rate debt considering hedges | Variable rate debt
Debt Instrument [Line Items]
Mortgage and other indebtedness, net	$ 700,000
Weighted average years to maturity (in years)	10 months 24 days
Variable rate debt considering hedges
Debt Instrument [Line Items]
Gross debt	$ 169,600
Ratio (as a percent)	5%
Weighted average interest rate (as a percent)	7.64%
Weighted average years to maturity (in years)	1 year 8 months 12 days
Variable rate debt considering hedges | Fixed rate debt
Debt Instrument [Line Items]
Mortgage and other indebtedness, net	$ 155,000
Weighted average years to maturity (in 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
	Oct. 01, 2024	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Gross debt			$ 3,228,185	$ 2,802,941
Weighted average interest rate (as a percent)			4.27%
Weighted average years to maturity (in years)			4 years 2 months 12 days
Variable rate debt
Debt Instrument [Line Items]
Variable interest rate (as a percent)			5.48%
Mortgages payable
Debt Instrument [Line Items]
Gross debt			$ 148,185	153,306
Mortgages payable | Fixed rate debt
Debt Instrument [Line Items]
Gross debt			$ 133,585	$ 136,306
Weighted average interest rate (as a percent)			5.10%	5.09%
Weighted average years to maturity (in years)			7 years 1 month 6 days	8 years 1 month 6 days
Mortgages payable | Fixed rate debt | Minimum
Debt Instrument [Line Items]
Interest rate (as a percent)			3.75%	3.75%
Mortgages payable | Fixed rate debt | Maximum
Debt Instrument [Line Items]
Interest rate (as a percent)			5.73%	5.73%
Mortgages payable | Variable rate debt
Debt Instrument [Line Items]
Gross debt			$ 14,600	$ 17,000
Weighted average interest rate (as a percent)			6.48%	7.59%
Weighted average years to maturity (in years)			1 year 7 months 6 days	2 years 7 months 6 days
Credit spread (as a percent)	2.15%	2.15%
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]	Bloomberg Short Term Bank Yield Index [Member]
Variable interest rate (as a percent)			4.33%	5.44%

MORTGAGE AND OTHER INDEBTEDNE_6

MORTGAGE AND OTHER INDEBTEDNESS - Mortgages Payable - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Mortgages payable
Debt Instrument [Line Items]
Scheduled principal payments	$ 5.1

MORTGAGE AND OTHER INDEBTEDNE_7

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Senior Unsecured Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Gross debt	$ 3,228,185	$ 2,802,941
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt	$ 2,380,000	$ 1,829,635
Senior notes – 4.58% due 2024 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4.58%
Interest rate, stated percentage (as a percent)	4.58%	4.58%
Gross debt		$ 149,635
Senior notes – 4.00% due 2025 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4%
Interest rate, stated percentage (as a percent)	4%	4%
Gross debt	$ 350,000	$ 350,000
Senior notes - SOFR + 3.65% due 2025 | Senior unsecured notes
Debt Instrument [Line Items]
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Credit spread (as a percent)	3.65%
Interest rate, stated percentage (as a percent)	7.70%	9.27%
Gross debt	$ 80,000	$ 80,000
Senior notes - 4.47% due 2025 | Senior unsecured notes
Debt Instrument [Line Items]
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Credit spread (as a percent)	3.65%
Interest rate, stated percentage (as a percent)	4.47%
Gross debt	$ 80,000
Senior notes – 4.08% due 2026 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4.08%
Interest rate, stated percentage (as a percent)	4.08%	4.08%
Gross debt	$ 100,000	$ 100,000
Senior notes – 4.00% due 2026 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4%
Interest rate, stated percentage (as a percent)	4%	4%
Gross debt	$ 300,000	$ 300,000
Senior exchangeable notes – 0.75% due 2027 | Senior exchangeable notes
Debt Instrument [Line Items]
Interest rate (as a percent)	0.75%
Interest rate, stated percentage (as a percent)	0.75%	0.75%
Gross debt	$ 175,000	$ 175,000
Senior notes - SOFR + 3.75% due 2027 | Senior unsecured notes
Debt Instrument [Line Items]
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Credit spread (as a percent)	3.75%
Interest rate, stated percentage (as a percent)	7.80%	9.37%
Gross debt	$ 75,000	$ 75,000
Senior notes - 4.57% due 2027 | Senior unsecured notes
Debt Instrument [Line Items]
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Credit spread (as a percent)	3.75%
Interest rate, stated percentage (as a percent)	4.57%
Gross debt	$ 75,000
Senior notes – 4.24% due 2028 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4.24%
Interest rate, stated percentage (as a percent)	4.24%	4.24%
Gross debt	$ 100,000	$ 100,000
Senior notes – 4.82% due 2029 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4.82%
Interest rate, stated percentage (as a percent)	4.82%	4.82%
Gross debt	$ 100,000	$ 100,000
Senior notes – 4.75% due 2030 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate (as a percent)	4.75%
Interest rate, stated percentage (as a percent)	4.75%	4.75%
Gross debt	$ 400,000	$ 400,000
Senior notes – 4.95% due 2031 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	4.95%	0%
Gross debt	$ 350,000	$ 0
Senior notes – 5.50% due 2034 | Senior unsecured notes
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	5.50%
Gross debt	$ 350,000	$ 0
Senior notes – 5.50% due 2034 | Senior unsecured notes | Designated as Hedging Instrument
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	4.60%	0%

MORTGAGE AND OTHER INDEBTEDNE_8

MORTGAGE AND OTHER INDEBTEDNESS - Private Placement Senior Unsecured Notes and Publicly Placed Senior Unsecured Notes - Additional Information (Details) - USD ($)	1 Months Ended		12 Months Ended
	Jan. 31, 2024	Aug. 31, 2015	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2024	Oct. 31, 2021	Sep. 30, 2016
Debt Instrument [Line Items]
Repayments of long-term debt			$ 314,756,000	$ 544,410,000	$ 568,963,000
Gross debt			$ 3,228,185,000	2,802,941,000
Weighted average years to maturity (in years)			4 years 2 months 12 days
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Repayments of long-term debt			$ 314,756,000	544,410,000	$ 568,963,000
Senior unsecured notes
Debt Instrument [Line Items]
Gross debt			$ 2,380,000,000	$ 1,829,635,000
Senior unsecured notes | Private Placement Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)		4.41%
Gross debt		$ 250,000,000
Weighted average years to maturity (in years)		9 years 9 months 18 days
Redemption price, percentage (as a percent)			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 (as a percent)			5%
Senior unsecured notes | Private Placement Notes | Retail Properties of America, Inc. | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt assumed in the RPAI merger							$ 450,000,000
Senior unsecured notes | Senior notes – 4.58% due 2024
Debt Instrument [Line Items]
Repayments of long-term debt			$ 149,600,000
Interest rate, stated percentage (as a percent)			4.58%	4.58%
Gross debt				$ 149,635,000
Interest rate (as a percent)			4.58%
Senior unsecured notes | Senior notes – 4.58% due 2024 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Repayments of long-term debt	$ 149,600,000
Interest rate, stated percentage (as a percent)	4.58%
Senior unsecured notes | Senior notes – 4.23% due 2024
Debt Instrument [Line Items]
Repayments of long-term debt				$ 95,000,000
Interest rate, stated percentage (as a percent)				4.23%
Senior unsecured notes | Senior notes – 4.95% due 2031
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)			4.95%	0%
Gross debt			$ 350,000,000	$ 0
Senior unsecured notes | Senior notes – 4.95% due 2031 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)						4.95%
Debt instrument, face amount						$ 350,000,000
Interest rate, percentage of principal amount (as a percent)						0.99328
Interest rate (as a percent)						5.062%
Senior unsecured notes | Senior notes – 4.00% due 2025
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)			4%	4%
Gross debt			$ 350,000,000	$ 350,000,000
Interest rate (as a percent)			4%
Senior unsecured notes | Senior notes – 4.00% due 2025 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)						4%
Gross debt						$ 350,000,000
Senior unsecured notes | Senior notes – 5.50% due 2034
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)			5.50%
Gross debt			$ 350,000,000	0
Senior unsecured notes | Senior notes – 5.50% due 2034 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	5.50%
Debt instrument, face amount	$ 350,000,000
Interest rate, percentage of principal amount (as a percent)	0.98670
Interest rate (as a percent)	5.673%
Senior unsecured notes | Public Placement Notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Redemption price, percentage (as a percent)			100%
Redemption period, prior to maturity date (in months)			3 months
Senior unsecured notes | Public Placement Notes | Retail Properties of America, Inc. | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt assumed in the RPAI merger							750,000,000
Senior unsecured notes | Senior notes – 4.00% due 2016 | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)								4%
Debt instrument, face amount								$ 300,000,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt			$ 700,000,000	$ 820,000,000
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)			0%	2.68%
Gross debt			$ 0	$ 120,000,000
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Repayments of long-term debt	$ 120,000,000
Gross debt							$ 120,000,000

MORTGAGE AND OTHER INDEBTEDNE_9

MORTGAGE AND OTHER INDEBTEDNESS - Exchangeable Senior Notes - Additional Information (Details) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Mar. 17, 2021 $ / shares	Mar. 31, 2021 USD ($) day $ / shares	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Loan proceeds			$ 732,993	$ 369,095	$ 455,000
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Loan proceeds			732,993	369,095	455,000
Senior exchangeable notes | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt instrument, face amount		$ 175,000
Interest rate, stated percentage (as a percent)		0.75%
Loan proceeds		$ 169,700
Interest expense			$ 1,300	$ 1,300	$ 1,300
Exchangeable conversion ratio		0.0396628	0.0411225
Exchange premium, percent of closing price (as a percent)		25%
Percentage of exchange price (as a percent)		130%
Trading days | day		20
Consecutive trading days | day		30
Redemption price, percentage (as a percent)		100%
Senior exchangeable notes | Kite Realty Group, L.P. | Common Shares
Debt Instrument [Line Items]
Conversion price (in dollars per share) | $ / shares		$ 25.21
Common stock closing price (in dollars per share) | $ / shares	$ 20.17
Senior exchangeable notes | Capped Call | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Exchange premium, percent of closing price (as a percent)		50%
Exchange price (in dollars per share) | $ / shares		$ 30.26
Purchase of capped calls		$ 9,800

MORTGAGE AND OTHER INDEBTEDN_10

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Term Loans and Revolving Line of Credit (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) extension	Dec. 31, 2023 USD ($) extension
Debt Instrument [Line Items]
Gross debt	$ 3,228,185	$ 2,802,941
Unsecured credit facility revolving line of credit - variable rate
Debt Instrument [Line Items]
Gross debt	$ 0	$ 0
Interest rate (as a percent)	5.64%	6.58%
Extension fee percentage (as a percent)	0.00075
Unsecured credit facility revolving line of credit - variable rate | Debt Instrument, Maturity Option, One
Debt Instrument [Line Items]
Number of extension options | extension	1
Extension period	1 year
Unsecured credit facility revolving line of credit - variable rate | Debt Instrument, Maturity Option, Two
Debt Instrument [Line Items]
Number of extension options | extension	2
Extension period	6 months
Unsecured term loans
Debt Instrument [Line Items]
Gross debt	$ 700,000	$ 820,000
Unsecured term loans | Unsecured term loan due 2024 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 0	$ 120,000
Interest rate (as a percent)	0%	2.68%
Variable interest rate, type [Extensible enumeration]		Secured Overnight Financing Rate (SOFR) [Member]
Percentage bearing fixed interest (as a percent)		1.58%
Variable interest rate (as a percent)		1.10%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)		0.80%
Unsecured term loans | Unsecured term loan due 2024 - fixed rate | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)		1.65%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 150,000	$ 150,000
Interest rate (as a percent)	2.73%	2.73%
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Percentage bearing fixed interest (as a percent)	1.68%
Variable interest rate (as a percent)	1.05%	1.05%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	0.75%
Unsecured term loans | Unsecured term loan due 2026 - fixed rate | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.60%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 250,000	$ 250,000
Interest rate (as a percent)	3.94%	5.09%
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Percentage bearing fixed interest (as a percent)	2.99%
Variable interest rate (as a percent)	0.95%	2.10%
Number of extension options | extension		1
Extension period		1 year
Unsecured term loans | Unsecured term loan due 2025 - fixed rate | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	0.75%	2%
Unsecured term loans | Unsecured term loan due 2025 - fixed rate | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.60%	2.50%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate
Debt Instrument [Line Items]
Gross debt	$ 300,000	$ 300,000
Interest rate (as a percent)	3.72%	3.82%
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Percentage bearing fixed interest (as a percent)	2.47%
Variable interest rate (as a percent)	1.25%	1.35%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)	1.15%
Unsecured term loans | Unsecured term loan due 2029 - fixed rate | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)	2.20%

MORTGAGE AND OTHER INDEBTEDN_11

MORTGAGE AND OTHER INDEBTEDNESS - Unsecured Revolving Credit Facility - Additional Information (Details)	1 Months Ended			9 Months Ended	12 Months Ended
	Oct. 31, 2024 USD ($) extension	Jul. 31, 2022 USD ($)	Oct. 31, 2021	Sep. 30, 2024	Dec. 31, 2024 USD ($) extension	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Gross debt					$ 3,228,185,000	$ 2,802,941,000
Unsecured revolving line of credit
Debt Instrument [Line Items]
Gross debt					$ 0	0
Unsecured revolving line of credit | Debt Instrument, Maturity Option, One
Debt Instrument [Line Items]
Number of extension options | extension					1
Extension period					1 year
Unsecured revolving line of credit | Debt Instrument, Maturity Option, Two
Debt Instrument [Line Items]
Number of extension options | extension					2
Extension period					6 months
Kite Realty Group, L.P. | Unsecured revolving line of credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,100,000,000				$ 1,100,000,000
Line of credit facility, maximum borrowing capacity option	$ 2,000,000,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]				Secured Overnight Financing Rate (SOFR) [Member]
Basis spread on variable rate (as a percent)	0.10%				0.10%
Debt instrument, covenant, total leverage ratio, minimum	0.350
Debt instrument, covenant, total leverage ratio, maximum	0.375
Reduction of interest rate margin upon achievement of sustainability metric	0.0002			0.0001
Kite Realty Group, L.P. | Unsecured revolving line of credit | Debt Instrument, Maturity Option, One
Debt Instrument [Line Items]
Number of extension options | extension	1				1
Extension period	1 year				1 year
Kite Realty Group, L.P. | Unsecured revolving line of credit | Debt Instrument, Maturity Option, Two
Debt Instrument [Line Items]
Number of extension options | extension	2				2
Extension period	6 months				6 months
Unsecured term loans
Debt Instrument [Line Items]
Gross debt					$ 700,000,000	820,000,000
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt					$ 300,000,000	$ 300,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Debt instrument, term (in years)	7 years
Debt instrument, face amount	$ 300,000,000
Gross debt		$ 300,000,000			$ 300,000,000
Variable interest rate, type [Extensible enumeration]		Secured Overnight Financing Rate (SOFR) [Member]			Secured Overnight Financing Rate (SOFR) [Member]
Basis spread on variable rate (as a percent)		0.10%			0.10%
Reduction of interest rate margin upon achievement of sustainability metric			0.0001

MORTGAGE AND OTHER INDEBTEDN_12

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Revolving Facility Key Terms (Details) - Unsecured revolving line of credit	1 Months Ended	12 Months Ended
	Oct. 31, 2024 USD ($) extension	Dec. 31, 2024 USD ($) extension
Line of Credit Facility [Line Items]
Extension fee percentage (as a percent)		0.00075
Debt Instrument, Maturity Option, One
Line of Credit Facility [Line Items]
Number of extension options		1
Extension period		1 year
Debt Instrument, Maturity Option, Two
Line of Credit Facility [Line Items]
Number of extension options		2
Extension period		6 months
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
Extension fee percentage (as a percent)		0.00075
Basis spread on variable rate (as a percent)	0.10%	0.10%
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]	Secured Overnight Financing Rate (SOFR) [Member]
Kite Realty Group, L.P. | Debt Instrument, Maturity Option, One
Line of Credit Facility [Line Items]
Number of extension options	1	1
Extension period	1 year	1 year
Kite Realty Group, L.P. | Debt Instrument, Maturity Option, Two
Line of Credit Facility [Line Items]
Number of extension options	2	2
Extension period	6 months	6 months
Kite Realty Group, L.P. | Minimum | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.05%
Facility fee (as a percent)		0.15%
Kite Realty Group, L.P. | Minimum | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		0.725%
Facility fee (as a percent)		0.125%
Kite Realty Group, L.P. | Maximum | Leverage-based pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.50%
Facility fee (as a percent)		0.30%
Kite Realty Group, L.P. | Maximum | Investment grade pricing
Line of Credit Facility [Line Items]
Credit spread (as a percent)		1.40%
Facility fee (as a percent)		0.30%

MORTGAGE AND OTHER INDEBTEDN_13

MORTGAGE AND OTHER INDEBTEDNESS - Unsecured Term Loans - Additional Information (Details)	1 Months Ended				12 Months Ended
	Oct. 31, 2024 extension	Jul. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Oct. 31, 2018 USD ($)	Dec. 31, 2024 USD ($) extension	Dec. 31, 2023 USD ($) extension	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Gross debt					$ 3,228,185,000	$ 2,802,941,000
Loss on extinguishment of debt					180,000	0	$ 0
Kite Realty Group, L.P.
Debt Instrument [Line Items]
Loss on extinguishment of debt					180,000	0	$ 0
$250M unsecured term loan | Kite Realty Group, L.P. | Minimum | Variable Rate Component One
Debt Instrument [Line Items]
Credit spread (as a percent)	0.75%
$250M unsecured term loan | Kite Realty Group, L.P. | Minimum | Variable Rate Component Two
Debt Instrument [Line Items]
Credit spread (as a percent)	0%
$250M unsecured term loan | Kite Realty Group, L.P. | Maximum | Variable Rate Component One
Debt Instrument [Line Items]
Credit spread (as a percent)	1.60%
$250M unsecured term loan | Kite Realty Group, L.P. | Maximum | Variable Rate Component Two
Debt Instrument [Line Items]
Credit spread (as a percent)	0.60%
Unsecured term loans
Debt Instrument [Line Items]
Gross debt					700,000,000	820,000,000
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt					$ 300,000,000	300,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $300M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)					1.15%
Unsecured term loans | $300M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)					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
Variable interest rate, type [Extensible enumeration]		Secured Overnight Financing Rate (SOFR) [Member]			Secured Overnight Financing Rate (SOFR) [Member]
Basis spread on variable rate (as a percent)		0.10%			0.10%
Reduction of interest rate margin upon achievement of sustainability metric			0.0001
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)		1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)		2.20%
Unsecured term loans | $120M unsecured term loan
Debt Instrument [Line Items]
Gross debt					$ 0	$ 120,000,000
Variable interest rate, type [Extensible enumeration]						Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $120M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)						0.80%
Unsecured term loans | $120M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)						1.65%
Unsecured term loans | $120M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 120,000,000
Line of credit facility, maximum borrowing capacity			250,000,000
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Gross debt					$ 150,000,000	$ 150,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $150M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)					0.75%
Unsecured term loans | $150M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)					1.60%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 150,000,000		$ 150,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Basis spread on variable rate (as a percent)					0.10%
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Gross debt					$ 250,000,000	$ 250,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Extension period						1 year
Number of extension options | extension						1
Unsecured term loans | $250M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)					0.75%	2%
Unsecured term loans | $250M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)					1.60%	2.50%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt				$ 250,000,000	$ 250,000,000
Variable interest rate, type [Extensible enumeration]					Secured Overnight Financing Rate (SOFR) [Member]
Basis spread on variable rate (as a percent)					0.10%
Line of credit facility, maximum borrowing capacity				250,000,000
Extension period	1 year				1 year
Number of extension options | extension	1				1
Loss on extinguishment of debt				200,000
Line of credit facility, accordion feature, increase limit				$ 300,000,000

MORTGAGE AND OTHER INDEBTEDN_14

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Unsecured Term Loans Key Terms (Details)	1 Months Ended		12 Months Ended
	Oct. 31, 2024 extension	Jul. 31, 2022 USD ($)	Dec. 31, 2024 USD ($) extension	Dec. 31, 2023 USD ($) extension	Oct. 31, 2021 USD ($)	Oct. 31, 2018 USD ($)
Debt Instrument [Line Items]
Gross debt			$ 3,228,185,000	$ 2,802,941,000
Unsecured term loans
Debt Instrument [Line Items]
Gross debt			700,000,000	820,000,000
Unsecured term loans | $150M unsecured term loan
Debt Instrument [Line Items]
Gross debt			$ 150,000,000	150,000,000
Variable interest rate, type [Extensible enumeration]			Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $150M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)			0.75%
Unsecured term loans | $150M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)			1.60%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 150,000,000		$ 150,000,000
Basis spread on variable rate (as a percent)			0.10%
Variable interest rate, type [Extensible enumeration]			Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			1.20%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Minimum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			0.75%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | Leverage-based pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			1.70%
Unsecured term loans | $150M unsecured term loan | Kite Realty Group, L.P. | Maximum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			1.60%
Unsecured term loans | $250M unsecured term loan
Debt Instrument [Line Items]
Gross debt			$ 250,000,000	$ 250,000,000
Variable interest rate, type [Extensible enumeration]			Secured Overnight Financing Rate (SOFR) [Member]
Number of extension options | extension				1
Extension period				1 year
Unsecured term loans | $250M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)			0.75%	2%
Unsecured term loans | $250M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)			1.60%	2.50%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P.
Debt Instrument [Line Items]
Gross debt			$ 250,000,000			$ 250,000,000
Basis spread on variable rate (as a percent)			0.10%
Variable interest rate, type [Extensible enumeration]			Secured Overnight Financing Rate (SOFR) [Member]
Number of extension options | extension	1		1
Extension period	1 year		1 year
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Minimum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			0.75%
Unsecured term loans | $250M unsecured term loan | Kite Realty Group, L.P. | Maximum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			1.60%
Unsecured term loans | $300M unsecured term loan
Debt Instrument [Line Items]
Gross debt			$ 300,000,000	$ 300,000,000
Variable interest rate, type [Extensible enumeration]			Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $300M unsecured term loan | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)			1.15%
Unsecured term loans | $300M unsecured term loan | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)			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
Basis spread on variable rate (as a percent)		0.10%	0.10%
Variable interest rate, type [Extensible enumeration]		Secured Overnight Financing Rate (SOFR) [Member]	Secured Overnight Financing Rate (SOFR) [Member]
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum
Debt Instrument [Line Items]
Credit spread (as a percent)		1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Minimum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			1.15%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum
Debt Instrument [Line Items]
Credit spread (as a percent)		2.20%
Unsecured term loans | $300M unsecured term loan | Kite Realty Group, L.P. | Maximum | Investment grade pricing
Debt Instrument [Line Items]
Credit spread (as a percent)			2.20%

MORTGAGE AND OTHER INDEBTEDN_15

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Amortization of debt issuance costs	$ 4,650	$ 3,609	$ 3,163

MORTGAGE AND OTHER INDEBTEDN_16

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Amortization of Debt Discounts and Premiums (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Amortization of debt discounts, premiums and hedge instruments	$ 13,592	$ 19,503	$ 20,140

MORTGAGE AND OTHER INDEBTEDN_17

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Maturities for Debt Discounts, Premiums and Hedge Instruments Amortization (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 7,486
2026	5,832
2027	4,914
2028	4,904
2029	3,978
Thereafter	484
Total unamortized debt discounts, premiums and hedge instruments	$ 27,598

MORTGAGE AND OTHER INDEBTEDN_18

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Reconciliation of Debt Discounts, Premiums and Hedge Instruments Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Unamortized discounts and premiums on mortgages payable, senior unsecured notes and unsecured term loans	$ 26,128
Unamortized hedge instruments	1,470
Total unamortized debt discounts, premiums and hedge instruments	27,598
Unamortized hedge instruments (included in accumulated other comprehensive income)	(1,470)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unamortized discounts and premiums, net	22,191	$ 35,765
$155M interest rate swap maturing in 2025 | Fair Value
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair value of variable interest rate swaps	$ (3,937)	$ (9,408)

MORTGAGE AND OTHER INDEBTEDN_19

MORTGAGE AND OTHER INDEBTEDNESS - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Scheduled Principal Payments
2025	$ 5,248
2026	4,581
2027	3,120
2028	3,757
2029	4,324
Thereafter	23,767
Scheduled Principal Payments	44,797
Term Maturities
2025	0
2026	10,600
2027	0
2028	0
2029	0
Thereafter	92,788
Term Maturities	103,388
Unsecured Debt
2025	430,000
2026	550,000
2027	500,000
2028	100,000
2029	400,000
Thereafter	1,100,000
Unsecured Debt	3,080,000
Total
2025	435,248
2026	565,181
2027	503,120
2028	103,757
2029	404,324
Thereafter	1,216,555
Gross debt	3,228,185	$ 2,802,941
Debt discounts, premiums and issuance costs, net	(1,255)
Mortgage and other indebtedness, net	$ 3,226,930	$ 2,829,202

MORTGAGE AND OTHER INDEBTEDN_20

MORTGAGE AND OTHER INDEBTEDNESS - Other Debt Activity and Fair Value of Fixed and Variable Rate Debt - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Interest costs capitalized	$ 3.9	$ 3.7	$ 2.4
Percentage bearing fixed interest, amount	2,500
Percentage bearing variable interest, amount	715.9
Fixed rate debt
Debt Instrument [Line Items]
Long-term debt, fair value	2,500
Variable rate debt
Debt Instrument [Line Items]
Long-term debt, fair value	$ 714.6
Percentage bearing variable interest (as a percent)	5.48%
Minimum | Fixed rate debt
Debt Instrument [Line Items]
Percentage bearing fixed interest (as a percent)	5.92%
Maximum | Fixed rate debt
Debt Instrument [Line Items]
Percentage bearing fixed interest (as a percent)	7.06%

DERIVATIVE INSTRUMENTS, HEDGI_3

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Schedule of Terms and Fair Value of Derivative Instruments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) instrument	Dec. 31, 2023 USD ($)
Interest Rate Swap | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional	$ 700,000
Fair value of assets (liabilities)	$ 10,608	$ 23,063
$250M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	4
Aggregate notional	$ 250,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	2.99%
Fair value of assets (liabilities)	$ 2,307	4,952
Blended fixed interest rate (as a percent)	2.99%
$100M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 100,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	2.66%
Fair value of assets (liabilities)	$ 884	2,415
Blended fixed interest rate (as a percent)	2.66%
$200M interest rate swap maturing in 2025 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 200,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	2.37%
Fair value of assets (liabilities)	$ 2,101	5,716
Blended fixed interest rate (as a percent)	2.37%
Interest rate swap maturing in 2024 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 0
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	1.58%
Fair value of assets (liabilities)	$ 0	2,236
Blended fixed interest rate (as a percent)	1.58%
$150M interest rate swap maturing in 2026 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 150,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	1.68%
Fair value of assets (liabilities)	$ 5,316	7,744
Blended fixed interest rate (as a percent)	1.68%
$155M interest rate swap maturing in 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fixed interest rate (as a percent)	4.52%
Blended fixed interest rate (as a percent)	4.52%
Blending floating interest rate (as a percent)	3.70%
$155M interest rate swap maturing in 2025 | Fair Value
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 155,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Credit spread (as a percent)	3.70%
Fair value of assets (liabilities)	$ (3,937)	(9,408)
$150M forward-starting interest rate swap maturing in 2034 | Cash Flow
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	3
Aggregate notional	$ 150,000
Variable interest rate, type [Extensible enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Fixed interest rate (as a percent)	3.44%
Fair value of assets (liabilities)	$ 0	$ (700)
Blended fixed interest rate (as a percent)	3.44%

DERIVATIVE INSTRUMENTS, HEDGI_4

DERIVATIVE INSTRUMENTS, HEDGING ACTIVITIES AND OTHER COMPREHENSIVE INCOME - Additional Information (Details) $ in Millions	1 Months Ended			12 Months Ended
	Aug. 31, 2024 USD ($) instrument	Jan. 31, 2024 USD ($)	Oct. 31, 2022 USD ($) derivativeContract	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) instrument	Dec. 31, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (loss) reclassified from AOCI into income, effective portion, net				$ (17.4)	$ (17.4)	$ 7.3
$350M intraday interest rate lock agreements maturing in 2031 | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument	2
Aggregate notional	$ 350
Fixed interest rate (as a percent)	3.75%
Payments for terminated interest rate lock agreements	$ 0.1
$150M forward-starting interest rate swap maturing in 2034 | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Number of instruments | instrument					3
Aggregate notional					$ 150
Fixed interest rate (as a percent)					3.44%
Proceeds received upon termination		$ 0.7
$150M forward-starting interest rate swap maturing in 2032 | Kite Realty Group, L.P.
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Aggregate notional			$ 150
Proceeds received upon termination			$ 30.9
Number of instruments terminated | derivativeContract			2
Amount reclassified from terminated interest rate swap contracts					$ 3.1
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount expected to be reclassified to interest expense over the next 12 months				$ 13

LEASE INFORMATION - Schedule of

LEASE INFORMATION - Schedule of Rental Income from Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Fixed contractual lease payments – operating leases	$ 653,537	$ 637,915	$ 615,773
Variable lease payments – operating leases	156,200	151,853	151,304
Bad debt reserve	(5,356)	(3,459)	(6,027)
Straight-line rent adjustments	12,742	13,186	17,031
Straight-line rent reserve for uncollectibility	(653)	(1,374)	(553)
Amortization of in-place lease liabilities, net	10,078	12,025	4,821
Rental income	$ 826,548	$ 810,146	$ 782,349

LEASE INFORMATION - Additional

LEASE INFORMATION - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) a lease	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Operating Leased Assets [Line Items]
Operating leases, overage rent	$ 7.1	$ 7.5	$ 5.9
Number of properties subject to ground leases | lease	12
Area of land (in acres) | a	98
Weighted average remaining term of ground leases (in years)	33 years 6 months
Ground lease expense	$ 6.3	6.2	6.2
Ground lease payments	$ 5.2	$ 5.2	$ 5.1
Weighted Average
Operating Leased Assets [Line Items]
Operating leases, term of contract (in years)	5 years 1 month 6 days
Minimum
Operating Leased Assets [Line Items]
Extension options for ground leases (in years)	5 years
Length of extension options for ground leases (in years)	20 years
Maximum
Operating Leased Assets [Line Items]
Extension options for ground leases (in years)	10 years
Length of extension options for ground leases (in years)	25 years

LEASE INFORMATION - Schedule _2

LEASE INFORMATION - Schedule of Future Minimum Rentals (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 643,851
2026	597,134
2027	524,291
2028	435,178
2029	332,941
Thereafter	999,811
Total	$ 3,533,206

LEASE INFORMATION - Schedule _3

LEASE INFORMATION - Schedule of Future Minimum Lease Payments Due (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 5,169
2026	5,174
2027	5,219
2028	4,979
2029	4,935
Thereafter	100,709
Total	126,185
Adjustment for discounting	(59,148)
Lease liabilities	$ 67,037	$ 68,925

SEGMENT REPORTING - Additional

SEGMENT REPORTING - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	1
Number of operating segments	1

SEGMENT REPORTING - Schedule of

SEGMENT REPORTING - Schedule of Segment Revenue and Significant Segment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Total revenue	$ 841,842	$ 823,004	$ 801,996
Expenses:
Real estate taxes	103,893	102,426	104,589
Total expenses	729,588	693,364	737,396
Other general and administrative expenses	(52,558)	(56,142)	(54,860)
Impairment charges	(66,201)	(477)	0
Depreciation and amortization	(393,335)	(426,361)	(469,805)
Merger and acquisition costs	0	0	(925)
Interest expense	(125,691)	(105,349)	(104,276)
Equity in (loss) earnings of unconsolidated subsidiaries	(1,158)	33	256
Gain on sale of unconsolidated property, net	2,325	0	0
Income tax expense of taxable REIT subsidiary	(139)	(533)	(43)
Loss on extinguishment of debt	(180)	0	0
Other income, net	17,869	1,991	240
(Loss) gain on sales of operating properties, net	(864)	22,601	27,069
Net income (loss)	4,416	48,383	(12,154)
Net income attributable to noncontrolling interests	(345)	(885)	(482)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Other property-related revenue
Revenue:
Revenue	10,631	8,492	11,108
Fee income
Revenue:
Revenue	4,663	4,366	8,539
Reportable Segment
Revenue:
Bad debt reserve	(5,356)	(3,459)	(6,027)
Total revenue	835,335	816,562	791,105
Expenses:
Property operating – recoverable	96,894	90,180	91,295
Property operating – non-recoverable	15,455	16,348	14,400
Real estate taxes	103,301	101,780	103,759
Total expenses	215,650	208,308	209,454
Operating income	619,685	608,254	581,651
Other general and administrative expenses	(52,558)	(56,142)	(54,860)
Impairment charges	(66,201)	(477)	0
Depreciation and amortization	(393,335)	(426,361)	(469,805)
Merger and acquisition costs	0	0	(925)
Interest expense	(125,691)	(105,349)	(104,276)
Equity in (loss) earnings of unconsolidated subsidiaries	(1,158)	33	256
Gain on sale of unconsolidated property, net	2,325	0	0
Income tax expense of taxable REIT subsidiary	(139)	(533)	(43)
Loss on extinguishment of debt	(180)	0	0
Other income, net	17,869	1,991	240
(Loss) gain on sales of operating properties, net	(864)	22,601	27,069
Net income (loss)	4,416	48,383	(12,154)
Net income attributable to noncontrolling interests	(345)	(885)	(482)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Net income (loss) attributable to common shareholders	4,071	47,498	(12,636)
Reportable Segment | Minimum rent
Revenue:
Revenue	650,331	642,255	620,847
Reportable Segment | Tenant reimbursements
Revenue:
Revenue	174,510	163,877	161,594
Reportable Segment | Other property-related revenue
Revenue:
Revenue	8,787	6,416	8,756
Reportable Segment | Overage rent
Revenue:
Revenue	7,063	7,473	5,935
Reportable Segment | Fee income
Revenue:
Revenue	$ 4,663	$ 4,366	$ 8,539

SHAREHOLDERS_ EQUITY (Details)

SHAREHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	3 Months Ended	12 Months Ended
	Jan. 16, 2025	Apr. 30, 2022	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2021
Subsidiary, Sale of Stock [Line Items]
Dividends declared per common share (in dollars per share)			$ 0.27	$ 1.03	$ 0.97	$ 0.87
Aggregate amount of shares authorized to be repurchased		$ 300					$ 150
Increase to amount of shares authorized to be repurchased		$ 150
Number of shares repurchased (in shares)				0
Subsequent Event
Subsidiary, Sale of Stock [Line Items]
Dividends paid per common share (in dollars per share)	$ 0.27

EARNINGS PER SHARE OR UNIT - Ad

EARNINGS PER SHARE OR UNIT - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Weighted average Limited Partner Units outstanding, basic (in shares)	3,800,000	3,200,000	2,800,000
Dilutive impact of securities (in shares)			0
Exchangeable notes (in shares)	0	0	0

EARNINGS PER SHARE OR UNIT - Sc

EARNINGS PER SHARE OR UNIT - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator:
Net income (loss) attributable to common shareholders – basic	$ 4,071	$ 47,498	$ (12,636)
Net income (loss) attributable to common shareholders – diluted	$ 4,071	$ 47,498	$ (12,636)
Denominator:
Weighted average common shares outstanding - basic (in shares)	219,614,149	219,344,832	219,074,448
Effect of dilutive securities:
Effect of dilutive securities (in shares)			0
Exchangeable notes (in shares)	0	0	0
Weighted average common shares outstanding – diluted (in shares)	219,727,496	219,728,283	219,074,448
Net income (loss) per common share – basic (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
Net income (loss) per common share – diluted (in dollars per share)	$ 0.02	$ 0.22	$ (0.06)
AO LTIP Units
Effect of dilutive securities:
Effect of dilutive securities (in shares)	43,331	325,603	0
Deferred common share units
Effect of dilutive securities:
Effect of dilutive securities (in shares)	70,016	57,848	0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2024	Dec. 31, 2024	Dec. 31, 2021	Dec. 31, 2017
Embassy Suites at Eddy St. Commons Joint Venture
Loss Contingencies [Line Items]
Ownership percentage in equity method investment (as a percent)	35%	35%		35%
Repayment of construction loan		$ 10,200,000
Embassy Suites at Eddy St. Commons Joint Venture | Payment guarantee
Loss Contingencies [Line Items]
Amount of obligation				$ 5,900,000
Embassy Suites at Eddy St. Commons Joint Venture | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties				$ 33,800,000
Repayment of construction loan	$ 10,200,000
Buckingham Joint Venture at The Corner
Loss Contingencies [Line Items]
Construction loan payable		68,400,000
Buckingham Joint Venture at The Corner | Payment guarantee | Construction contracts
Loss Contingencies [Line Items]
Amount of obligation		$ 34,200,000
Buckingham Joint Venture at The Corner | Construction loans
Loss Contingencies [Line Items]
Repayment guaranties			$ 66,200,000

RELATED PARTIES AND RELATED P_2

RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details) - Related Party - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Management, construction management and other services
Related Party Transaction [Line Items]
Related party transaction, amount of transaction	$ 0.1	$ 0.1	$ 0.1
Travel and related services
Related Party Transaction [Line Items]
Related party transaction, amount of transaction	0.2	$ 0.3	$ 0.3
Sale of project rights and obligations | KRG Development, LLC
Related Party Transaction [Line Items]
Related party transaction, amount of transaction	$ 3.5

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Village Commons - Subsequent Event $ in Millions	1 Months Ended
	Feb. 12, 2025 USD ($) ft²
Subsequent Event [Line Items]
Area of real estate property | ft²	170,976
Acquisition price | $	$ 68.4

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, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate Properties [Line Items]
Encumbrances	$ 3,228,185
Initial cost, land	1,924,936
Initial cost, building & improvements	5,072,788
Cost capitalized subsequent to acquisition/development, land	8,265
Cost capitalized subsequent to acquisition/development, building and improvements	628,202
Gross carrying amount close of period, land	1,933,201
Gross carrying amount close of period, building and improvements	5,700,990
Total	7,634,191	$ 7,740,061	$ 7,732,573	$ 7,584,735
Accumulated Depreciation	1,587,661	$ 1,381,770	$ 1,161,148	$ 879,306
Operating Properties
Real Estate Properties [Line Items]
Encumbrances	148,185
Initial cost, land	1,800,175
Initial cost, building & improvements	5,020,884
Cost capitalized subsequent to acquisition/development, land	8,267
Cost capitalized subsequent to acquisition/development, building and improvements	587,336
Gross carrying amount close of period, land	1,808,442
Gross carrying amount close of period, building and improvements	5,608,220
Total	7,416,662
Accumulated Depreciation	1,564,466
Operating Properties | 12th Street Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,624
Initial cost, building & improvements	10,615
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,898
Gross carrying amount close of period, land	2,624
Gross carrying amount close of period, building and improvements	12,513
Total	15,137
Accumulated Depreciation	4,064
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	11,696
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	537
Gross carrying amount close of period, land	8,487
Gross carrying amount close of period, building and improvements	12,233
Total	20,720
Accumulated Depreciation	2,665
Operating Properties | Avondale Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,723
Initial cost, building & improvements	10,066
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	74
Gross carrying amount close of period, land	6,723
Gross carrying amount close of period, building and improvements	10,140
Total	16,863
Accumulated Depreciation	1,863
Operating Properties | Bayonne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	47,809
Initial cost, building & improvements	38,362
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,980
Gross carrying amount close of period, land	47,809
Gross carrying amount close of period, building and improvements	41,342
Total	89,151
Accumulated Depreciation	13,274
Operating Properties | Bayport Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,005
Initial cost, building & improvements	20,402
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,820
Gross carrying amount close of period, land	7,005
Gross carrying amount close of period, building and improvements	25,222
Total	32,227
Accumulated Depreciation	11,479
Operating Properties | Belle Isle Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,130
Initial cost, building & improvements	40,682
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,039
Gross carrying amount close of period, land	9,130
Gross carrying amount close of period, building and improvements	48,721
Total	57,851
Accumulated Depreciation	22,670
Operating Properties | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,407
Initial cost, building & improvements	8,411
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,737
Gross carrying amount close of period, land	3,407
Gross carrying amount close of period, building and improvements	10,148
Total	13,555
Accumulated Depreciation	5,138
Operating Properties | Burlington
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	2,773
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	29
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	2,802
Total	2,802
Accumulated Depreciation	2,802
Operating Properties | Castleton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,761
Initial cost, building & improvements	24,281
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,050
Gross carrying amount close of period, land	9,761
Gross carrying amount close of period, building and improvements	25,331
Total	35,092
Accumulated Depreciation	8,450
Operating Properties | Cedar Park Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,032
Initial cost, building & improvements	25,678
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	336
Gross carrying amount close of period, land	9,032
Gross carrying amount close of period, building and improvements	26,014
Total	35,046
Accumulated Depreciation	3,433
Operating Properties | Centennial Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	58,960
Initial cost, building & improvements	71,794
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	9,645
Gross carrying amount close of period, land	58,960
Gross carrying amount close of period, building and improvements	81,439
Total	140,399
Accumulated Depreciation	43,506
Operating Properties | Centennial Gateway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,305
Initial cost, building & improvements	48,413
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,352
Gross carrying amount close of period, land	5,305
Gross carrying amount close of period, building and improvements	49,765
Total	55,070
Accumulated Depreciation	20,401
Operating Properties | Central Texas Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,711
Initial cost, building & improvements	29,588
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,693
Gross carrying amount close of period, land	15,711
Gross carrying amount close of period, building and improvements	33,281
Total	48,992
Accumulated Depreciation	7,019
Operating Properties | Centre at Laurel
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,122
Initial cost, building & improvements	34,643
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,079
Gross carrying amount close of period, land	6,122
Gross carrying amount close of period, building and improvements	35,722
Total	41,844
Accumulated Depreciation	6,613
Operating Properties | Centre Point Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,918
Initial cost, building & improvements	22,272
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	916
Gross carrying amount close of period, land	2,918
Gross carrying amount close of period, building and improvements	23,188
Total	26,106
Accumulated Depreciation	9,438
Operating Properties | Chantilly Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,309
Initial cost, building & improvements	17,458
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,252
Gross carrying amount close of period, land	12,309
Gross carrying amount close of period, building and improvements	18,710
Total	31,019
Accumulated Depreciation	3,433
Operating Properties | Chapel Hill Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	34,653
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,147
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	37,800
Total	37,800
Accumulated Depreciation	16,631
Operating Properties | Circle East
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,188
Initial cost, building & improvements	27,010
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,103
Gross carrying amount close of period, land	1,188
Gross carrying amount close of period, building and improvements	29,113
Total	30,301
Accumulated Depreciation	3,201
Operating Properties | Clearlake Shores Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,845
Initial cost, building & improvements	6,512
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	912
Gross carrying amount close of period, land	3,845
Gross carrying amount close of period, building and improvements	7,424
Total	11,269
Accumulated Depreciation	1,399
Operating Properties | Coal Creek Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,397
Initial cost, building & improvements	11,645
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	310
Gross carrying amount close of period, land	9,397
Gross carrying amount close of period, building and improvements	11,955
Total	21,352
Accumulated Depreciation	2,682
Operating Properties | Cobblestone Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,374
Initial cost, building & improvements	43,978
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,960
Gross carrying amount close of period, land	10,374
Gross carrying amount close of period, building and improvements	47,938
Total	58,312
Accumulated Depreciation	19,296
Operating Properties | Colleyville Downs
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,446
Initial cost, building & improvements	38,134
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,211
Gross carrying amount close of period, land	5,446
Gross carrying amount close of period, building and improvements	42,345
Total	47,791
Accumulated Depreciation	22,156
Operating Properties | Colonial Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,521
Initial cost, building & improvements	18,499
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,524
Gross carrying amount close of period, land	7,521
Gross carrying amount close of period, building and improvements	22,023
Total	29,544
Accumulated Depreciation	8,258
Operating Properties | Colony Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	20,300
Initial cost, building & improvements	18,310
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	813
Gross carrying amount close of period, land	20,300
Gross carrying amount close of period, building and improvements	19,123
Total	39,423
Accumulated Depreciation	5,029
Operating Properties | Commons at Temecula
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,966
Initial cost, building & improvements	44,183
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	545
Gross carrying amount close of period, land	18,966
Gross carrying amount close of period, building and improvements	44,728
Total	63,694
Accumulated Depreciation	10,474
Operating Properties | Cool Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,062
Initial cost, building & improvements	12,302
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,990
Gross carrying amount close of period, land	6,062
Gross carrying amount close of period, building and improvements	20,292
Total	26,354
Accumulated Depreciation	9,543
Operating Properties | Cool Springs Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,444
Initial cost, building & improvements	22,383
Cost capitalized subsequent to acquisition/development, land	40
Cost capitalized subsequent to acquisition/development, building and improvements	11,606
Gross carrying amount close of period, land	12,484
Gross carrying amount close of period, building and improvements	33,989
Total	46,473
Accumulated Depreciation	16,537
Operating Properties | Coppell Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,052
Initial cost, building & improvements	11,240
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	806
Gross carrying amount close of period, land	5,052
Gross carrying amount close of period, building and improvements	12,046
Total	17,098
Accumulated Depreciation	2,655
Operating Properties | Coram Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,992
Initial cost, building & improvements	22,995
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	552
Gross carrying amount close of period, land	6,992
Gross carrying amount close of period, building and improvements	23,547
Total	30,539
Accumulated Depreciation	4,533
Operating Properties | Killingly Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,999
Initial cost, building & improvements	29,649
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,169
Gross carrying amount close of period, land	21,999
Gross carrying amount close of period, building and improvements	31,818
Total	53,817
Accumulated Depreciation	10,519
Operating Properties | Cypress Mill Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,320
Initial cost, building & improvements	10,056
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	6,320
Gross carrying amount close of period, building and improvements	10,553
Total	16,873
Accumulated Depreciation	2,150
Operating Properties | Davis Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	995
Initial cost, building & improvements	8,939
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	149
Gross carrying amount close of period, land	995
Gross carrying amount close of period, building and improvements	9,088
Total	10,083
Accumulated Depreciation	1,751
Operating Properties | Delray Marketplace
Real Estate Properties [Line Items]
Encumbrances	14,600
Initial cost, land	18,750
Initial cost, building & improvements	84,751
Cost capitalized subsequent to acquisition/development, land	1,284
Cost capitalized subsequent to acquisition/development, building and improvements	11,093
Gross carrying amount close of period, land	20,034
Gross carrying amount close of period, building and improvements	95,844
Total	115,878
Accumulated Depreciation	35,830
Operating Properties | Denton Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,257
Initial cost, building & improvements	38,695
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,962
Gross carrying amount close of period, land	8,257
Gross carrying amount close of period, building and improvements	43,657
Total	51,914
Accumulated Depreciation	8,638
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	606
Operating Properties | Downtown Crown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	25,759
Initial cost, building & improvements	76,631
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,197
Gross carrying amount close of period, land	25,759
Gross carrying amount close of period, building and improvements	83,828
Total	109,587
Accumulated Depreciation	10,444
Operating Properties | Draper Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,054
Initial cost, building & improvements	27,063
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,541
Gross carrying amount close of period, land	9,054
Gross carrying amount close of period, building and improvements	29,604
Total	38,658
Accumulated Depreciation	13,390
Operating Properties | Draper Peaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,498
Initial cost, building & improvements	46,748
Cost capitalized subsequent to acquisition/development, land	522
Cost capitalized subsequent to acquisition/development, building and improvements	6,611
Gross carrying amount close of period, land	12,020
Gross carrying amount close of period, building and improvements	53,359
Total	65,379
Accumulated Depreciation	19,370
Operating Properties | East Stone Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,766
Initial cost, building & improvements	21,311
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	3,766
Gross carrying amount close of period, building and improvements	21,462
Total	25,228
Accumulated Depreciation	4,058
Operating Properties | Eastern Beltway
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,221
Initial cost, building & improvements	45,548
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,961
Gross carrying amount close of period, land	23,221
Gross carrying amount close of period, building and improvements	54,509
Total	77,730
Accumulated Depreciation	20,227
Operating Properties | Eastgate Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,244
Initial cost, building & improvements	58,197
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,019
Gross carrying amount close of period, land	4,244
Gross carrying amount close of period, building and improvements	64,216
Total	68,460
Accumulated Depreciation	8,979
Operating Properties | Eastgate Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,026
Initial cost, building & improvements	18,262
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,294
Gross carrying amount close of period, land	8,026
Gross carrying amount close of period, building and improvements	21,556
Total	29,582
Accumulated Depreciation	10,816
Operating Properties | Eastwood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,242
Initial cost, building & improvements	55,765
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,694
Gross carrying amount close of period, land	3,242
Gross carrying amount close of period, building and improvements	62,459
Total	65,701
Accumulated Depreciation	12,736
Operating Properties | Eddy Street Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,900
Initial cost, building & improvements	48,164
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,950
Gross carrying amount close of period, land	1,900
Gross carrying amount close of period, building and improvements	55,114
Total	57,014
Accumulated Depreciation	19,316
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	204
Gross carrying amount close of period, land	22,583
Gross carrying amount close of period, building and improvements	28,914
Total	51,497
Accumulated Depreciation	7,366
Operating Properties | Estero Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,453
Initial cost, building & improvements	9,902
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,442
Gross carrying amount close of period, land	7,453
Gross carrying amount close of period, building and improvements	11,344
Total	18,797
Accumulated Depreciation	5,490
Operating Properties | Fairgrounds Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,690
Initial cost, building & improvements	15,249
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	94
Gross carrying amount close of period, land	12,690
Gross carrying amount close of period, building and improvements	15,343
Total	28,033
Accumulated Depreciation	3,025
Operating Properties | Fishers Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,966
Initial cost, building & improvements	13,028
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	386
Gross carrying amount close of period, land	4,966
Gross carrying amount close of period, building and improvements	13,414
Total	18,380
Accumulated Depreciation	5,424
Operating Properties | Fordham Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	41,993
Initial cost, building & improvements	101,490
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	804
Gross carrying amount close of period, land	41,993
Gross carrying amount close of period, building and improvements	102,294
Total	144,287
Accumulated Depreciation	15,235
Operating Properties | Fort Evans Plaza II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,110
Initial cost, building & improvements	38,711
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,506
Gross carrying amount close of period, land	14,110
Gross carrying amount close of period, building and improvements	44,217
Total	58,327
Accumulated Depreciation	6,656
Operating Properties | Fullerton Metrocenter
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	55,794
Initial cost, building & improvements	42,757
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,503
Gross carrying amount close of period, land	55,794
Gross carrying amount close of period, building and improvements	47,260
Total	103,054
Accumulated Depreciation	10,602
Operating Properties | Galvez Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	494
Initial cost, building & improvements	4,951
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	250
Gross carrying amount close of period, land	494
Gross carrying amount close of period, building and improvements	5,201
Total	5,695
Accumulated Depreciation	1,001
Operating Properties | Gardiner Manor Mall
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,521
Initial cost, building & improvements	19,861
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,510
Gross carrying amount close of period, land	29,521
Gross carrying amount close of period, building and improvements	27,371
Total	56,892
Accumulated Depreciation	5,299
Operating Properties | Gateway Pavilions
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	44,167
Initial cost, building & improvements	9,022
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,030
Gross carrying amount close of period, land	44,167
Gross carrying amount close of period, building and improvements	11,052
Total	55,219
Accumulated Depreciation	3,060
Operating Properties | Gateway Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,608
Initial cost, building & improvements	21,613
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,463
Gross carrying amount close of period, land	15,608
Gross carrying amount close of period, building and improvements	24,076
Total	39,684
Accumulated Depreciation	6,018
Operating Properties | Gateway Station
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,679
Initial cost, building & improvements	10,527
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	10,679
Gross carrying amount close of period, building and improvements	11,138
Total	21,817
Accumulated Depreciation	2,188
Operating Properties | Gateway Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,045
Initial cost, building & improvements	33,359
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	782
Gross carrying amount close of period, land	32,045
Gross carrying amount close of period, building and improvements	34,141
Total	66,186
Accumulated Depreciation	7,894
Operating Properties | Geist Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,368
Initial cost, building & improvements	7,161
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,830
Gross carrying amount close of period, land	1,368
Gross carrying amount close of period, building and improvements	9,991
Total	11,359
Accumulated Depreciation	5,383
Operating Properties | Gerry Centennial Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,448
Initial cost, building & improvements	9,605
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	317
Gross carrying amount close of period, land	3,448
Gross carrying amount close of period, building and improvements	9,922
Total	13,370
Accumulated Depreciation	1,891
Operating Properties | Glendale Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,442
Initial cost, building & improvements	41,558
Cost capitalized subsequent to acquisition/development, land	(187)
Cost capitalized subsequent to acquisition/development, building and improvements	25,608
Gross carrying amount close of period, land	1,255
Gross carrying amount close of period, building and improvements	67,166
Total	68,421
Accumulated Depreciation	37,452
Operating Properties | Grapevine Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,021
Initial cost, building & improvements	11,900
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,117
Gross carrying amount close of period, land	7,021
Gross carrying amount close of period, building and improvements	13,017
Total	20,038
Accumulated Depreciation	2,873
Operating Properties | Green's Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,716
Initial cost, building & improvements	13,702
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	150
Gross carrying amount close of period, land	4,716
Gross carrying amount close of period, building and improvements	13,852
Total	18,568
Accumulated Depreciation	3,097
Operating Properties | Greyhound Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,629
Initial cost, building & improvements	6
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,813
Gross carrying amount close of period, land	2,629
Gross carrying amount close of period, building and improvements	2,819
Total	5,448
Accumulated Depreciation	874
Operating Properties | Gurnee Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,348
Initial cost, building & improvements	20,512
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,054
Gross carrying amount close of period, land	7,348
Gross carrying amount close of period, building and improvements	21,566
Total	28,914
Accumulated Depreciation	4,715
Operating Properties | Henry Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	9,353
Initial cost, building & improvements	49,262
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,920
Gross carrying amount close of period, land	9,353
Gross carrying amount close of period, building and improvements	52,182
Total	61,535
Accumulated Depreciation	11,213
Operating Properties | Heritage Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,373
Initial cost, building & improvements	16,159
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	11,373
Gross carrying amount close of period, building and improvements	16,768
Total	28,141
Accumulated Depreciation	3,786
Operating Properties | Heritage Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,720
Initial cost, building & improvements	14,738
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	424
Gross carrying amount close of period, land	5,720
Gross carrying amount close of period, building and improvements	15,162
Total	20,882
Accumulated Depreciation	3,175
Operating Properties | Holly Springs Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	22,324
Initial cost, building & improvements	93,199
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	8,513
Gross carrying amount close of period, land	22,324
Gross carrying amount close of period, building and improvements	101,712
Total	124,036
Accumulated Depreciation	33,498
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	462
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	20,584
Total	20,584
Accumulated Depreciation	4,420
Operating Properties | Huebner Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,423
Initial cost, building & improvements	35,529
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,151
Gross carrying amount close of period, land	19,423
Gross carrying amount close of period, building and improvements	36,680
Total	56,103
Accumulated Depreciation	6,818
Operating Properties | Humblewood Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,921
Initial cost, building & improvements	10,826
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	519
Gross carrying amount close of period, land	3,921
Gross carrying amount close of period, building and improvements	11,345
Total	15,266
Accumulated Depreciation	2,262
Operating Properties | Hunter's Creek Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,017
Initial cost, building & improvements	12,289
Cost capitalized subsequent to acquisition/development, land	179
Cost capitalized subsequent to acquisition/development, building and improvements	2,015
Gross carrying amount close of period, land	8,196
Gross carrying amount close of period, building and improvements	14,304
Total	22,500
Accumulated Depreciation	5,726
Operating Properties | Indian River Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,000
Initial cost, building & improvements	5,775
Cost capitalized subsequent to acquisition/development, land	1,100
Cost capitalized subsequent to acquisition/development, building and improvements	6,105
Gross carrying amount close of period, land	5,100
Gross carrying amount close of period, building and improvements	11,880
Total	16,980
Accumulated Depreciation	4,593
Operating Properties | International Speedway Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,157
Initial cost, building & improvements	10,757
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	9,588
Gross carrying amount close of period, land	7,157
Gross carrying amount close of period, building and improvements	20,345
Total	27,502
Accumulated Depreciation	13,447
Operating Properties | Jefferson Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	23,356
Initial cost, building & improvements	19,657
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,804
Gross carrying amount close of period, land	23,356
Gross carrying amount close of period, building and improvements	22,461
Total	45,817
Accumulated Depreciation	5,081
Operating Properties | John's Creek Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,668
Initial cost, building & improvements	39,579
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,287
Gross carrying amount close of period, land	7,668
Gross carrying amount close of period, building and improvements	40,866
Total	48,534
Accumulated Depreciation	8,044
Operating Properties | King's Lake Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,519
Initial cost, building & improvements	12,201
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,952
Gross carrying amount close of period, land	4,519
Gross carrying amount close of period, building and improvements	14,153
Total	18,672
Accumulated Depreciation	7,870
Operating Properties | La Plaza Del Norte
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,113
Initial cost, building & improvements	32,669
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	691
Gross carrying amount close of period, land	18,113
Gross carrying amount close of period, building and improvements	33,360
Total	51,473
Accumulated Depreciation	7,656
Operating Properties | Lake City Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,693
Initial cost, building & improvements	11,348
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	692
Gross carrying amount close of period, land	4,693
Gross carrying amount close of period, building and improvements	12,040
Total	16,733
Accumulated Depreciation	4,287
Operating Properties | Lake Mary Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,413
Initial cost, building & improvements	8,537
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	291
Gross carrying amount close of period, land	1,413
Gross carrying amount close of period, building and improvements	8,828
Total	10,241
Accumulated Depreciation	3,106
Operating Properties | Lake Worth Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,228
Initial cost, building & improvements	28,699
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	552
Gross carrying amount close of period, land	6,228
Gross carrying amount close of period, building and improvements	29,251
Total	35,479
Accumulated Depreciation	5,563
Operating Properties | Lakewood Towne Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	32,864
Initial cost, building & improvements	30,794
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,012
Gross carrying amount close of period, land	32,864
Gross carrying amount close of period, building and improvements	33,806
Total	66,670
Accumulated Depreciation	7,518
Operating Properties | Lincoln Park
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,757
Initial cost, building & improvements	39,830
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,266
Gross carrying amount close of period, land	14,757
Gross carrying amount close of period, building and improvements	41,096
Total	55,853
Accumulated Depreciation	8,902
Operating Properties | Lincoln Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,239
Initial cost, building & improvements	38,269
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,760
Gross carrying amount close of period, land	6,239
Gross carrying amount close of period, building and improvements	44,029
Total	50,268
Accumulated Depreciation	9,786
Operating Properties | Lithia Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,065
Initial cost, building & improvements	6,844
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,375
Gross carrying amount close of period, land	3,065
Gross carrying amount close of period, building and improvements	11,219
Total	14,284
Accumulated Depreciation	4,112
Operating Properties | Lowe's Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,894
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	70
Gross carrying amount close of period, land	19,894
Gross carrying amount close of period, building and improvements	70
Total	19,964
Accumulated Depreciation	2
Operating Properties | MacArthur Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,190
Initial cost, building & improvements	31,192
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,942
Gross carrying amount close of period, land	11,190
Gross carrying amount close of period, building and improvements	33,134
Total	44,324
Accumulated Depreciation	5,436
Operating Properties | Main Street Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,630
Initial cost, building & improvements	60,115
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,608
Gross carrying amount close of period, land	2,630
Gross carrying amount close of period, building and improvements	61,723
Total	64,353
Accumulated Depreciation	7,591
Operating Properties | Manchester Meadows
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,788
Initial cost, building & improvements	30,107
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	254
Gross carrying amount close of period, land	10,788
Gross carrying amount close of period, building and improvements	30,361
Total	41,149
Accumulated Depreciation	8,295
Operating Properties | Mansfield Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,966
Initial cost, building & improvements	14,229
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	716
Gross carrying amount close of period, land	2,966
Gross carrying amount close of period, building and improvements	14,945
Total	17,911
Accumulated Depreciation	2,993
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	5,609
Gross carrying amount close of period, land	9,764
Gross carrying amount close of period, building and improvements	21,969
Total	31,733
Accumulated Depreciation	11,632
Operating Properties | Merrifield Town Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,186
Initial cost, building & improvements	41,073
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,723
Gross carrying amount close of period, land	5,186
Gross carrying amount close of period, building and improvements	42,796
Total	47,982
Accumulated Depreciation	6,566
Operating Properties | Merrifield Town Center II
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,614
Initial cost, building & improvements	23,042
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	159
Gross carrying amount close of period, land	19,614
Gross carrying amount close of period, building and improvements	23,201
Total	42,815
Accumulated Depreciation	3,725
Operating Properties | Miramar Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	26,492
Initial cost, building & improvements	30,696
Cost capitalized subsequent to acquisition/development, land	387
Cost capitalized subsequent to acquisition/development, building and improvements	10,264
Gross carrying amount close of period, land	26,879
Gross carrying amount close of period, building and improvements	40,960
Total	67,839
Accumulated Depreciation	14,099
Operating Properties | Mullins Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,582
Initial cost, building & improvements	38,703
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,221
Gross carrying amount close of period, land	10,582
Gross carrying amount close of period, building and improvements	45,924
Total	56,506
Accumulated Depreciation	18,352
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	281
Gross carrying amount close of period, land	5,364
Gross carrying amount close of period, building and improvements	11,658
Total	17,022
Accumulated Depreciation	5,623
Operating Properties | New Forest Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,175
Initial cost, building & improvements	11,976
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	317
Gross carrying amount close of period, land	7,175
Gross carrying amount close of period, building and improvements	12,293
Total	19,468
Accumulated Depreciation	2,667
Operating Properties | New Hyde Park Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	10,792
Initial cost, building & improvements	9,548
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	607
Gross carrying amount close of period, land	10,792
Gross carrying amount close of period, building and improvements	10,155
Total	20,947
Accumulated Depreciation	1,458
Operating Properties | Newnan Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,616
Initial cost, building & improvements	40,854
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,342
Gross carrying amount close of period, land	6,616
Gross carrying amount close of period, building and improvements	42,196
Total	48,812
Accumulated Depreciation	10,140
Operating Properties | Newton Crossroads
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,004
Initial cost, building & improvements	10,755
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	243
Gross carrying amount close of period, land	1,004
Gross carrying amount close of period, building and improvements	10,998
Total	12,002
Accumulated Depreciation	2,429
Operating Properties | Nora Plaza
Real Estate Properties [Line Items]
Encumbrances	3,203
Initial cost, land	3,790
Initial cost, building & improvements	19,508
Cost capitalized subsequent to acquisition/development, land	5,002
Cost capitalized subsequent to acquisition/development, building and improvements	32,366
Gross carrying amount close of period, land	8,792
Gross carrying amount close of period, building and improvements	51,874
Total	60,666
Accumulated Depreciation	7,536
Operating Properties | North Benson Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	16,632
Initial cost, building & improvements	9,736
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,160
Gross carrying amount close of period, land	16,632
Gross carrying amount close of period, building and improvements	10,896
Total	27,528
Accumulated Depreciation	2,448
Operating Properties | Northcrest Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,044
Initial cost, building & improvements	33,835
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,182
Gross carrying amount close of period, land	4,044
Gross carrying amount close of period, building and improvements	36,017
Total	40,061
Accumulated Depreciation	13,537
Operating Properties | Northdale Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,718
Initial cost, building & improvements	27,242
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	1,718
Gross carrying amount close of period, building and improvements	27,204
Total	28,922
Accumulated Depreciation	19,003
Operating Properties | Northgate North
Real Estate Properties [Line Items]
Encumbrances	21,681
Initial cost, land	20,063
Initial cost, building & improvements	48,663
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,926
Gross carrying amount close of period, land	20,063
Gross carrying amount close of period, building and improvements	51,589
Total	71,652
Accumulated Depreciation	11,813
Operating Properties | Northpointe Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,964
Initial cost, building & improvements	35,248
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,252
Gross carrying amount close of period, land	15,964
Gross carrying amount close of period, building and improvements	36,500
Total	52,464
Accumulated Depreciation	7,721
Operating Properties | Oak Brook Promenade
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,753
Initial cost, building & improvements	48,592
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,593
Gross carrying amount close of period, land	6,753
Gross carrying amount close of period, building and improvements	53,185
Total	59,938
Accumulated Depreciation	9,589
Operating Properties | Oleander Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	847
Initial cost, building & improvements	5,226
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	239
Gross carrying amount close of period, land	847
Gross carrying amount close of period, building and improvements	5,465
Total	6,312
Accumulated Depreciation	3,066
Operating Properties | One Loudoun Downtown
Real Estate Properties [Line Items]
Encumbrances	95,095
Initial cost, land	74,400
Initial cost, building & improvements	234,310
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	10,449
Gross carrying amount close of period, land	74,400
Gross carrying amount close of period, building and improvements	244,759
Total	319,159
Accumulated Depreciation	32,579
Operating Properties | Oswego Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,746
Initial cost, building & improvements	8,135
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	7,267
Gross carrying amount close of period, land	5,746
Gross carrying amount close of period, building and improvements	15,402
Total	21,148
Accumulated Depreciation	2,545
Operating Properties | Palms Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	12,049
Initial cost, building & improvements	24,324
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	12,049
Gross carrying amount close of period, building and improvements	25,296
Total	37,345
Accumulated Depreciation	4,388
Operating Properties | Paradise Valley Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,889
Initial cost, building & improvements	35,761
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	233
Gross carrying amount close of period, land	6,889
Gross carrying amount close of period, building and improvements	35,994
Total	42,883
Accumulated Depreciation	7,400
Operating Properties | Parkside Town Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	21,806
Initial cost, building & improvements	107,057
Cost capitalized subsequent to acquisition/development, land	(60)
Cost capitalized subsequent to acquisition/development, building and improvements	12,137
Gross carrying amount close of period, land	21,746
Gross carrying amount close of period, building and improvements	119,194
Total	140,940
Accumulated Depreciation	44,126
Operating Properties | Parkside West Cobb
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,750
Initial cost, building & improvements	31,351
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	331
Gross carrying amount close of period, land	6,750
Gross carrying amount close of period, building and improvements	31,682
Total	38,432
Accumulated Depreciation	552
Operating Properties | Parkway Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	15,099
Initial cost, building & improvements	28,265
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,439
Gross carrying amount close of period, land	15,099
Gross carrying amount close of period, building and improvements	29,704
Total	44,803
Accumulated Depreciation	4,653
Operating Properties | Pavilion at King's Grant
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,086
Initial cost, building & improvements	39,723
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,169
Gross carrying amount close of period, land	5,086
Gross carrying amount close of period, building and improvements	41,892
Total	46,978
Accumulated Depreciation	9,740
Operating Properties | Pebble Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,504
Initial cost, building & improvements	34,329
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	931
Gross carrying amount close of period, land	7,504
Gross carrying amount close of period, building and improvements	35,260
Total	42,764
Accumulated Depreciation	3,536
Operating Properties | Pelham Manor Shopping Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	42,224
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	512
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	42,736
Total	42,736
Accumulated Depreciation	6,893
Operating Properties | Peoria Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,879
Initial cost, building & improvements	15,782
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,336
Gross carrying amount close of period, land	18,879
Gross carrying amount close of period, building and improvements	17,118
Total	35,997
Accumulated Depreciation	3,914
Operating Properties | Perimeter Woods
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,893
Initial cost, building & improvements	27,245
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,569
Gross carrying amount close of period, land	6,893
Gross carrying amount close of period, building and improvements	32,814
Total	39,707
Accumulated Depreciation	11,453
Operating Properties | Pine Ridge Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,640
Initial cost, building & improvements	16,291
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,444
Gross carrying amount close of period, land	5,640
Gross carrying amount close of period, building and improvements	22,735
Total	28,375
Accumulated Depreciation	11,175
Operating Properties | Plaza at Cedar Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,782
Initial cost, building & improvements	31,636
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	17,693
Gross carrying amount close of period, land	5,782
Gross carrying amount close of period, building and improvements	49,329
Total	55,111
Accumulated Depreciation	25,247
Operating Properties | Plaza at Marysville
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,710
Initial cost, building & improvements	18,399
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	328
Gross carrying amount close of period, land	6,710
Gross carrying amount close of period, building and improvements	18,727
Total	25,437
Accumulated Depreciation	4,280
Operating Properties | Pleasant Hill Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,350
Initial cost, building & improvements	10,064
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	(183)
Gross carrying amount close of period, land	3,350
Gross carrying amount close of period, building and improvements	9,881
Total	13,231
Accumulated Depreciation	3,632
Operating Properties | Pleasant Run Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,465
Initial cost, building & improvements	24,738
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,836
Gross carrying amount close of period, land	4,465
Gross carrying amount close of period, building and improvements	26,574
Total	31,039
Accumulated Depreciation	5,486
Operating Properties | Portofino Shopping Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,721
Initial cost, building & improvements	75,005
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	20,700
Gross carrying amount close of period, land	4,721
Gross carrying amount close of period, building and improvements	95,705
Total	100,426
Accumulated Depreciation	45,462
Operating Properties | Prestonwood Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,282
Initial cost, building & improvements	61,304
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	14,282
Gross carrying amount close of period, building and improvements	61,707
Total	75,989
Accumulated Depreciation	3,546
Operating Properties | Publix at Woodruff
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,783
Initial cost, building & improvements	6,285
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,009
Gross carrying amount close of period, land	1,783
Gross carrying amount close of period, building and improvements	7,294
Total	9,077
Accumulated Depreciation	5,483
Operating Properties | Rampart Commons
Real Estate Properties [Line Items]
Encumbrances	5,676
Initial cost, land	1,136
Initial cost, building & improvements	41,981
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,462
Gross carrying amount close of period, land	1,136
Gross carrying amount close of period, building and improvements	43,443
Total	44,579
Accumulated Depreciation	19,948
Operating Properties | Rangeline Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,981
Initial cost, building & improvements	17,459
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,213
Gross carrying amount close of period, land	1,981
Gross carrying amount close of period, building and improvements	21,672
Total	23,653
Accumulated Depreciation	8,780
Operating Properties | Riverchase Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,889
Initial cost, building & improvements	10,875
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,343
Gross carrying amount close of period, land	3,889
Gross carrying amount close of period, building and improvements	12,218
Total	16,107
Accumulated Depreciation	6,418
Operating Properties | Rivers Edge
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,647
Initial cost, building & improvements	28,778
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,245
Gross carrying amount close of period, land	5,647
Gross carrying amount close of period, building and improvements	32,023
Total	37,670
Accumulated Depreciation	12,395
Operating Properties | Rivery Towne Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,230
Initial cost, building & improvements	2,207
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,075
Gross carrying amount close of period, land	5,230
Gross carrying amount close of period, building and improvements	3,282
Total	8,512
Accumulated Depreciation	788
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	867
Gross carrying amount close of period, land	3,462
Gross carrying amount close of period, building and improvements	9,959
Total	13,421
Accumulated Depreciation	2,090
Operating Properties | Sawyer Heights Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	18,720
Initial cost, building & improvements	19,403
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	558
Gross carrying amount close of period, land	18,720
Gross carrying amount close of period, building and improvements	19,961
Total	38,681
Accumulated Depreciation	3,313
Operating Properties | Saxon Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,764
Initial cost, building & improvements	15,133
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	926
Gross carrying amount close of period, land	3,764
Gross carrying amount close of period, building and improvements	16,059
Total	19,823
Accumulated Depreciation	5,899
Operating Properties | Shoppes at Hagerstown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,796
Initial cost, building & improvements	15,872
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	749
Gross carrying amount close of period, land	6,796
Gross carrying amount close of period, building and improvements	16,621
Total	23,417
Accumulated Depreciation	2,726
Operating Properties | Shoppes at Plaza Green
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,749
Initial cost, building & improvements	20,762
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,829
Gross carrying amount close of period, land	3,749
Gross carrying amount close of period, building and improvements	27,591
Total	31,340
Accumulated Depreciation	10,846
Operating Properties | Shoppes at Quarterfield
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,105
Initial cost, building & improvements	8,706
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	645
Gross carrying amount close of period, land	4,105
Gross carrying amount close of period, building and improvements	9,351
Total	13,456
Accumulated Depreciation	1,122
Operating Properties | Shoppes of Eastwood
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,688
Initial cost, building & improvements	8,911
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,146
Gross carrying amount close of period, land	1,688
Gross carrying amount close of period, building and improvements	10,057
Total	11,745
Accumulated Depreciation	5,705
Operating Properties | Shoppes of New Hope
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,107
Initial cost, building & improvements	10,580
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	154
Gross carrying amount close of period, land	2,107
Gross carrying amount close of period, building and improvements	10,734
Total	12,841
Accumulated Depreciation	1,950
Operating Properties | Shoppes of Prominence Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,945
Initial cost, building & improvements	11,078
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	556
Gross carrying amount close of period, land	2,945
Gross carrying amount close of period, building and improvements	11,634
Total	14,579
Accumulated Depreciation	2,183
Operating Properties | Shops at Eagle Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,121
Initial cost, building & improvements	7,966
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,759
Gross carrying amount close of period, land	2,121
Gross carrying amount close of period, building and improvements	12,725
Total	14,846
Accumulated Depreciation	6,754
Operating Properties | Shops at Forest Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,616
Initial cost, building & improvements	9,320
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	617
Gross carrying amount close of period, land	1,616
Gross carrying amount close of period, building and improvements	9,937
Total	11,553
Accumulated Depreciation	2,056
Operating Properties | Shops at Julington Creek
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,372
Initial cost, building & improvements	7,286
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	381
Gross carrying amount close of period, land	2,372
Gross carrying amount close of period, building and improvements	7,667
Total	10,039
Accumulated Depreciation	2,547
Operating Properties | Shops at Moore
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	6,284
Initial cost, building & improvements	23,561
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,205
Gross carrying amount close of period, land	6,284
Gross carrying amount close of period, building and improvements	26,766
Total	33,050
Accumulated Depreciation	9,302
Operating Properties | Shops at Park Place
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	8,042
Initial cost, building & improvements	18,358
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	272
Gross carrying amount close of period, land	8,042
Gross carrying amount close of period, building and improvements	18,630
Total	26,672
Accumulated Depreciation	4,192
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	562
Gross carrying amount close of period, land	7,580
Gross carrying amount close of period, building and improvements	5,509
Total	13,089
Accumulated Depreciation	2,628
Operating Properties | Southlake Corners
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	7,998
Initial cost, building & improvements	16,556
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	370
Gross carrying amount close of period, land	7,998
Gross carrying amount close of period, building and improvements	16,926
Total	24,924
Accumulated Depreciation	4,057
Operating Properties | Southlake Town Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	19,534
Initial cost, building & improvements	321,502
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	21,640
Gross carrying amount close of period, land	19,534
Gross carrying amount close of period, building and improvements	343,142
Total	362,676
Accumulated Depreciation	74,304
Operating Properties | Stilesboro Oaks
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,712
Initial cost, building & improvements	11,270
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	3,712
Gross carrying amount close of period, building and improvements	11,396
Total	15,108
Accumulated Depreciation	2,530
Operating Properties | Stonebridge Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,923
Initial cost, building & improvements	7,917
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	197
Gross carrying amount close of period, land	1,923
Gross carrying amount close of period, building and improvements	8,114
Total	10,037
Accumulated Depreciation	1,758
Operating Properties | Stoney Creek Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	628
Initial cost, building & improvements	3,657
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,162
Gross carrying amount close of period, land	628
Gross carrying amount close of period, building and improvements	9,819
Total	10,447
Accumulated Depreciation	6,039
Operating Properties | Sunland Towne Centre
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,774
Initial cost, building & improvements	22,233
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	6,087
Gross carrying amount close of period, land	14,774
Gross carrying amount close of period, building and improvements	28,320
Total	43,094
Accumulated Depreciation	14,781
Operating Properties | Tacoma South
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	30,058
Initial cost, building & improvements	3,308
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,247
Gross carrying amount close of period, land	30,058
Gross carrying amount close of period, building and improvements	4,555
Total	34,613
Accumulated Depreciation	862
Operating Properties | Target South Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,581
Initial cost, building & improvements	9,553
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	136
Gross carrying amount close of period, land	2,581
Gross carrying amount close of period, building and improvements	9,689
Total	12,270
Accumulated Depreciation	2,143
Operating Properties | Tarpon Bay Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,855
Initial cost, building & improvements	23,796
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,161
Gross carrying amount close of period, land	3,855
Gross carrying amount close of period, building and improvements	26,957
Total	30,812
Accumulated Depreciation	11,910
Operating Properties | The Brickyard
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	29,389
Initial cost, building & improvements	19,182
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	5,418
Gross carrying amount close of period, land	29,389
Gross carrying amount close of period, building and improvements	24,600
Total	53,989
Accumulated Depreciation	5,067
Operating Properties | The Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,772
Initial cost, building & improvements	23,437
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	280
Gross carrying amount close of period, land	3,772
Gross carrying amount close of period, building and improvements	23,717
Total	27,489
Accumulated Depreciation	7,477
Operating Properties | The Landing at Tradition
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	17,605
Initial cost, building & improvements	45,907
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	24,621
Gross carrying amount close of period, land	17,605
Gross carrying amount close of period, building and improvements	70,528
Total	88,133
Accumulated Depreciation	20,208
Operating Properties | The Shoppes at Union Hill
Real Estate Properties [Line Items]
Encumbrances	7,930
Initial cost, land	9,876
Initial cost, building & improvements	46,234
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,633
Gross carrying amount close of period, land	9,876
Gross carrying amount close of period, building and improvements	47,867
Total	57,743
Accumulated Depreciation	9,260
Operating Properties | The Shops at Legacy
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	14,864
Initial cost, building & improvements	118,670
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	13,913
Gross carrying amount close of period, land	14,864
Gross carrying amount close of period, building and improvements	132,583
Total	147,447
Accumulated Depreciation	26,045
Operating Properties | Tollgate Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,963
Initial cost, building & improvements	65,350
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	14,268
Gross carrying amount close of period, land	11,963
Gross carrying amount close of period, building and improvements	79,618
Total	91,581
Accumulated Depreciation	15,921
Operating Properties | Toringdon Market
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,448
Initial cost, building & improvements	9,325
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,026
Gross carrying amount close of period, land	5,448
Gross carrying amount close of period, building and improvements	10,351
Total	15,799
Accumulated Depreciation	4,368
Operating Properties | Towson Square
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,412
Initial cost, building & improvements	27,108
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	41
Gross carrying amount close of period, land	1,412
Gross carrying amount close of period, building and improvements	27,149
Total	28,561
Accumulated Depreciation	4,213
Operating Properties | Traders Point
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	11,135
Initial cost, building & improvements	42,152
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	3,216
Gross carrying amount close of period, land	11,135
Gross carrying amount close of period, building and improvements	45,368
Total	56,503
Accumulated Depreciation	27,761
Operating Properties | Tradition Village Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,140
Initial cost, building & improvements	14,607
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,472
Gross carrying amount close of period, land	3,140
Gross carrying amount close of period, building and improvements	16,079
Total	19,219
Accumulated Depreciation	6,508
Operating Properties | Tysons Corner
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,334
Initial cost, building & improvements	10,407
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	140
Gross carrying amount close of period, land	13,334
Gross carrying amount close of period, building and improvements	10,547
Total	23,881
Accumulated Depreciation	1,502
Operating Properties | Village Shoppes at Simonton
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,627
Initial cost, building & improvements	11,638
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	128
Gross carrying amount close of period, land	1,627
Gross carrying amount close of period, building and improvements	11,766
Total	13,393
Accumulated Depreciation	2,207
Operating Properties | Walter's Crossing
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	13,056
Initial cost, building & improvements	20,656
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,251
Gross carrying amount close of period, land	13,056
Gross carrying amount close of period, building and improvements	24,907
Total	37,963
Accumulated Depreciation	4,359
Operating Properties | Watauga Pavilion
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	5,511
Initial cost, building & improvements	23,936
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	247
Gross carrying amount close of period, land	5,511
Gross carrying amount close of period, building and improvements	24,183
Total	29,694
Accumulated Depreciation	4,736
Operating Properties | Waterford Lakes Village
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,317
Initial cost, building & improvements	1,873
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	11,464
Gross carrying amount close of period, land	2,317
Gross carrying amount close of period, building and improvements	13,337
Total	15,654
Accumulated Depreciation	2,034
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	5,211
Operating Properties | Westbury Center
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	4,540
Initial cost, building & improvements	12,866
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	142
Gross carrying amount close of period, land	4,540
Gross carrying amount close of period, building and improvements	13,008
Total	17,548
Accumulated Depreciation	2,702
Operating Properties | Winchester Commons
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	2,119
Initial cost, building & improvements	9,325
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	35
Gross carrying amount close of period, land	2,119
Gross carrying amount close of period, building and improvements	9,360
Total	11,479
Accumulated Depreciation	2,094
Operating Properties | Woodinville Plaza
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	24,722
Initial cost, building & improvements	30,014
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	1,286
Gross carrying amount close of period, land	24,722
Gross carrying amount close of period, building and improvements	31,300
Total	56,022
Accumulated Depreciation	7,078
Office and Other Properties
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	3,428
Initial cost, building & improvements	44,835
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	32,973
Gross carrying amount close of period, land	3,428
Gross carrying amount close of period, building and improvements	77,808
Total	81,236
Accumulated Depreciation	22,254
Office and Other Properties | Carillon MOB
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	881
Initial cost, building & improvements	34,684
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	881
Gross carrying amount close of period, building and improvements	34,684
Total	35,565
Accumulated Depreciation	348
Office and Other Properties | Thirty South Meridian
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,643
Initial cost, building & improvements	7,841
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	30,692
Gross carrying amount close of period, land	1,643
Gross carrying amount close of period, building and improvements	38,533
Total	40,176
Accumulated Depreciation	19,504
Office and Other Properties | Union Station Parking Garage
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	904
Initial cost, building & improvements	2,310
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	2,281
Gross carrying amount close of period, land	904
Gross carrying amount close of period, building and improvements	4,591
Total	5,495
Accumulated Depreciation	2,402
Development and Redevelopment Projects
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	119,386
Initial cost, building & improvements	7,069
Cost capitalized subsequent to acquisition/development, land	(107)
Cost capitalized subsequent to acquisition/development, building and improvements	7,893
Gross carrying amount close of period, land	119,279
Gross carrying amount close of period, building and improvements	14,962
Total	134,241
Accumulated Depreciation	941
Development and Redevelopment Projects | Carillon
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	27,358
Initial cost, building & improvements	5,052
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	4,329
Gross carrying amount close of period, land	27,358
Gross carrying amount close of period, building and improvements	9,381
Total	36,739
Accumulated Depreciation	941
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	858
Gross carrying amount close of period, land	3,495
Gross carrying amount close of period, building and improvements	2,875
Total	6,370
Accumulated Depreciation	0
Development and Redevelopment Projects | One Loudoun – Uptown
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	88,514
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	(88)
Cost capitalized subsequent to acquisition/development, building and improvements	2,706
Gross carrying amount close of period, land	88,426
Gross carrying amount close of period, building and improvements	2,706
Total	91,132
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	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
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,947
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	105
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	2,052
Gross carrying amount close of period, building and improvements	0
Total	2,052
Accumulated Depreciation	0
Other | Bridgewater Marketplace
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	855
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	855
Gross carrying amount close of period, building and improvements	0
Total	855
Accumulated Depreciation	0
Other | KRG Development
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	0
Other | KRG New Hill
Real Estate Properties [Line Items]
Encumbrances	0
Initial cost, land	1,092
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	105
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	1,197
Gross carrying amount close of period, building and improvements	0
Total	1,197
Accumulated Depreciation	0
Other | KRG Peakway
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
Line of credit/Term loans/Unsecured notes
Real Estate Properties [Line Items]
Encumbrances	3,080,000
Initial cost, land	0
Initial cost, building & improvements	0
Cost capitalized subsequent to acquisition/development, land	0
Cost capitalized subsequent to acquisition/development, building and improvements	0
Gross carrying amount close of period, land	0
Gross carrying amount close of period, building and improvements	0
Total	0
Accumulated Depreciation	$ 0

Schedule III - Changes in Inves

Schedule III - Changes in Investment Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance as of January 1	$ 7,740,061	$ 7,732,573	$ 7,584,735
Acquisitions	38,101	75,587	99,064
Property held for sale	(105,828)	0	0
Improvements	139,895	140,654	152,165
Impairment of property	(101,678)	0	0
Disposals	(76,360)	(208,753)	(86,719)
Balance as of December 31	7,634,191	7,740,061	7,732,573
Federal income tax basis	8,200,000
Retail Properties of America, Inc.
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Acquisitions related to the RPAI merger	$ 0	$ 0	$ (16,672)

Schedule III - Reconciliation o

Schedule III - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance as of January 1	$ 1,381,770	$ 1,161,148	$ 879,306
Depreciation expense	314,632	317,593	318,809
Property held for sale	(1,360)	0	0
Impairment of property	(35,477)	0	0
Disposals	(71,904)	(96,971)	(36,967)
Balance as of December 31	$ 1,587,661	$ 1,381,770	$ 1,161,148
Buildings | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	20 years
Buildings | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	35 years
Building improvements | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	10 years
Building improvements | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	35 years
Furniture and fixtures | Minimum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	5 years
Furniture and fixtures | Maximum
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Estimated useful life (in years)	10 years