RPT Realty (KIM+N) 10-K 16 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 09, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-10093
Entity Registrant Name	RPT Realty
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-6908486
Entity Address, Address Line One	19 W 44th Street,
Entity Address, Address Line Two	Suite 1002
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	221-1261
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 823,233,285
Entity Common Stock, Shares Outstanding		86,483,356
Documents Incorporated by Reference	Portions of the proxy statement for the annual meeting of shareholders to be held in 2023 are incorporated by reference into Part III.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0000842183
Common Shares
Entity Information [Line Items]
Title of 12(b) Security	Common Shares of Beneficial Interest, ($0.01 Par Value Per Share)
Trading Symbol	RPT
Security Exchange Name	NYSE
Series D Preferred Shares
Entity Information [Line Items]
Title of 12(b) Security	7.25% Series D Cumulative Convertible Perpetual Preferred
Trading Symbol	RPT.PRD
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	248
Auditor Name	GRANT THORNTON LLP
Auditor Location	Chicago, Illinois

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income producing properties, at cost:
Land	$ 302,062	$ 315,687
Buildings and improvements	1,373,893	1,512,455
Less accumulated depreciation and amortization	(386,036)	(422,270)
Income producing properties, net	1,289,919	1,405,872
Construction in progress and land available for development	37,772	43,017
Real estate held for sale	3,115	3,808
Net real estate	1,330,806	1,452,697
Equity investments in unconsolidated joint ventures	423,089	267,183
Cash and cash equivalents	5,414	13,367
Restricted cash and escrows	461	666
Accounts receivable, net	19,914	23,954
Acquired lease intangibles, net	40,043	37,854
Operating lease right-of-use assets	17,269	17,934
Other assets, net	109,443	88,424
TOTAL ASSETS	1,946,439	1,902,079
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable	854,596	884,185
Finance lease obligation	763	821
Accounts payable and accrued expenses	41,985	47,034
Distributions payable	14,336	12,555
Acquired lease intangibles, net	33,157	36,207
Operating lease liabilities	17,016	17,431
Other liabilities	5,933	8,392
TOTAL LIABILITIES	967,786	1,006,625
Commitments and Contingencies
RPT Realty ("RPT") Shareholders' Equity:
Preferred shares of beneficial interest, $0.01 par, 2,000 shares authorized: 7.25% Series D Cumulative Convertible Perpetual Preferred Shares, (stated at liquidation preference $50 per share), 1,849 shares issued and outstanding as of December 31, 2022 and 2021, respectively	92,427	92,427
Common shares of beneficial interest, $0.01 par, 240,000 shares authorized, 85,525 and 83,894 shares issued and outstanding as of December 31, 2022 and 2021, respectively	855	839
Additional paid-in capital	1,255,087	1,227,791
Accumulated distributions in excess of net income	(409,290)	(441,478)
Accumulated other comprehensive income (loss)	21,434	(2,635)
TOTAL SHAREHOLDERS' EQUITY ATTRIBUTABLE TO RPT	960,513	876,944
Noncontrolling interest	18,140	18,510
TOTAL SHAREHOLDERS' EQUITY	978,653	895,454
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,946,439	$ 1,902,079

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Common shares of beneficial interest, par (in usd per share)	$ 0.01	$ 0.01
Common shares of beneficial interest, shares authorized (in shares)	240,000,000	240,000,000
Common shares of beneficial interest, shares issued (in shares)	85,525,000	83,894,000
Common shares of beneficial interest, shares outstanding (in shares)	85,525,000	83,894,000
Series D Preferred Shares
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, shares authorized (in shares)	2,000,000	2,000,000
Cumulative convertible perpetual preferred shares, dividend rate percentage	7.25%	7.25%
Cumulative convertible perpetual preferred shares, liquidation preference (in dollars per share)	$ 50	$ 50
Cumulative convertible perpetual preferred shares, shares issued (in shares)	1,848,539	1,848,539
Cumulative convertible perpetual preferred shares, shares outstanding (in shares)	1,849,000	1,849,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
REVENUE
TOTAL REVENUE	$ 217,656	$ 213,488	$ 191,712
EXPENSES
Real estate taxes	27,517	32,816	33,086
Recoverable operating expense	28,642	25,452	21,915
Other non-recoverable operating expense	10,547	10,009	8,962
Depreciation and amortization	79,456	72,254	77,213
Transaction costs	4,937	607	186
General and administrative expense	36,697	32,328	25,801
Provision for impairment	0	17,201	598
Insured expenses, net	0	0	(2,745)
TOTAL EXPENSES	187,796	190,667	165,016
Gain on sale of real estate	88,938	88,915	318
OPERATING INCOME	118,798	111,736	27,014
OTHER INCOME AND EXPENSES
Other income (expense), net	1,530	(236)	214
Earnings from unconsolidated joint ventures	1,159	3,995	1,590
Interest expense	(35,589)	(37,025)	(39,317)
Loss on extinguishment of debt	(121)	(8,294)	0
NET INCOME (LOSS) BEFORE TAX	85,777	70,176	(10,499)
Income tax (provision) benefit	(120)	88	25
NET INCOME (LOSS)	85,657	70,264	(10,474)
Net (income) loss attributable to noncontrolling interest	(1,607)	(1,625)	241
NET INCOME (LOSS) ATTRIBUTABLE TO RPT	84,050	68,639	(10,233)
Preferred share dividends	(6,701)	(6,701)	(6,701)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS	$ 77,349	$ 61,938	$ (16,934)
EARNINGS (LOSS) PER COMMON SHARE
Basic (in dollars per share)	$ 0.91	$ 0.76	$ (0.21)
Diluted (in dollars per share)	$ 0.89	$ 0.75	$ (0.21)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)	84,231	81,083	79,998
Diluted (in shares)	85,474	82,298	79,998
OTHER COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$ 85,657	$ 70,264	$ (10,474)
Other comprehensive gain (loss):
Gain (loss) on interest rate swaps	24,540	11,756	(16,330)
Comprehensive income (loss)	110,197	82,020	(26,804)
Comprehensive (income) loss attributable to noncontrolling interest	(2,078)	(1,884)	620
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO RPT	108,119	80,136	(26,184)
Rental income
REVENUE
TOTAL REVENUE	208,928	207,103	187,151
Other property income
REVENUE
TOTAL REVENUE	4,603	4,399	3,166
Management and other fee income
REVENUE
TOTAL REVENUE	$ 4,125	$ 1,986	$ 1,395

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning Balance at Dec. 31, 2019	$ 848,255	$ 92,427	$ 798	$ 1,169,557	$ (436,361)	$ 1,819	$ 20,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	(385)			(385)
Share-based compensation, net of shares withheld for employee taxes	5,146		3	5,143
Dividends declared to common shareholders	(17,586)				(17,586)
Dividends declared to preferred shareholders	(6,701)				(6,701)
Distributions declared to noncontrolling interests	(420)						(420)
Dividends declared to deferred shares	(136)				(136)
Other comprehensive income adjustment	(16,330)					(15,951)	(379)
Net income (loss)	(10,474)				(10,233)		(241)
Ending Balance at Dec. 31, 2020	801,369	92,427	801	1,174,315	(471,017)	(14,132)	18,975
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	44,601		35	44,566
Redemption of OP Unit holders	(177)		1	1,492	(37)		(1,633)
Share-based compensation, net of shares withheld for employee taxes	7,420		2	7,418
Dividends declared to common shareholders	(31,737)				(31,737)
Dividends declared to preferred shareholders	(6,701)				(6,701)
Distributions declared to noncontrolling interests	(716)						(716)
Dividends declared to deferred shares	(625)				(625)
Other comprehensive income adjustment	11,756					11,497	259
Net income (loss)	70,264				68,639		1,625
Ending Balance at Dec. 31, 2021	895,454	92,427	839	1,227,791	(441,478)	(2,635)	18,510
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares, net of issuance costs	17,407		13	17,394
Redemption of OP Unit holders	0		1	1,592			(1,593)
Share-based compensation, net of shares withheld for employee taxes	8,312		2	8,310
Dividends declared to common shareholders	(43,954)				(43,954)
Dividends declared to preferred shareholders	(6,701)				(6,701)
Distributions declared to noncontrolling interests	(855)						(855)
Dividends declared to deferred shares	(1,207)				(1,207)
Other comprehensive income adjustment	24,540					24,069	471
Net income (loss)	85,657				84,050		1,607
Ending Balance at Dec. 31, 2022	$ 978,653	$ 92,427	$ 855	$ 1,255,087	$ (409,290)	$ 21,434	$ 18,140

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income (loss)	$ 85,657	$ 70,264	$ (10,474)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	79,456	72,254	77,213
Amortization of deferred financing fees	1,608	1,473	1,435
Income tax provision (benefit)	120	(88)	(25)
Earnings from unconsolidated joint ventures	(1,159)	(3,995)	(1,590)
Distributions received from operations of unconsolidated joint ventures	15,575	10,247	5,603
Provision for impairment	0	17,201	598
Loss on extinguishment of debt	121	8,294	0
Gain on sale of real estate	(88,938)	(88,915)	(318)
Insured expenses, net	0	0	(2,745)
Amortization of acquired above and below market lease intangibles, net	(4,192)	(2,662)	(2,903)
Amortization of premium on mortgages and notes payable, net	(76)	(708)	(892)
Service-based restricted share expense	4,207	4,081	3,742
Long-term incentive compensation expense	5,498	3,994	2,598
Changes in assets and liabilities, net of effect of acquisitions and dispositions:
Accounts receivable, net	2,147	1,095	(1,647)
Other assets, net	(933)	(889)	2,458
Accounts payable, accrued expenses and other liabilities	(1,418)	1,218	(9,994)
Net cash provided by operating activities	97,673	92,864	63,059
INVESTING ACTIVITIES
Acquisitions of real estate	(110,245)	(202,584)	0
Development and capital improvements	(29,408)	(28,142)	(17,927)
Capital improvements covered by insurance	0	0	(5,197)
Net proceeds from sales of real estate	190,463	221,365	1,318
Insurance proceeds from insured expenses	0	0	2,888
Investment in equity interests in unconsolidated joint ventures	(114,519)	(156,526)	(11)
Acquisitions of preferred investments	(4,822)	(1,957)	0
Redemption of preferred investments	4,802	712	0
Net cash used in investing activities	(63,729)	(167,132)	(18,929)
FINANCING ACTIVITIES
Proceeds on notes payable	0	130,000	0
Repayment of mortgages and notes payable	(28,407)	(207,057)	(2,327)
Proceeds on revolving credit facility	280,958	225,000	225,000
Repayments on revolving credit facility	(280,958)	(290,000)	(125,000)
Payment of debt extinguishment costs	0	(8,378)	0
Payment of deferred financing costs	(6,377)	(1,480)	(567)
Distributions received from financing activities of unconsolidated joint ventures	27,662	14,638	0
Proceeds from issuance of common shares, net of costs	17,407	44,601	(385)
Repayment of finance lease obligation	(58)	(54)	(51)
Redemption of operating partnership units for cash	0	(177)	0
Shares used for employee taxes upon vesting of awards	(1,393)	(1,330)	(956)
Dividends paid to preferred shareholders	(6,701)	(6,701)	(6,701)
Dividends paid to common shareholders	(43,378)	(21,741)	(35,371)
Distributions paid to operating partnership unit holders	(857)	(504)	(840)
Net cash (used in) provided by financing activities	(42,102)	(123,183)	52,802
Net change in cash, cash equivalents and restricted cash and escrows	(8,158)	(197,451)	96,932
Cash, cash equivalents and restricted cash and escrows at beginning of period	14,033	211,484	114,552
Cash, cash equivalents and restricted cash and escrows at end of period	5,875	14,033	211,484
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITY
Contribution of real estate exchanged for an equity investment in unconsolidated joint venture	83,465	5,172	0
Contribution of real estate exchanged for preferred investment in unconsolidated entities	0	12,174	0
Redemption of Operating Partnership Unit holders	1,593	1,493	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest (net of capitalized interest of $83, $86 and $2, respectively)	34,183	36,591	38,585
Reconciliation of cash, cash equivalents and restricted cash and escrows
Cash and cash equivalents	5,414	13,367	208,887
Restricted cash and escrows	461	666	2,597
Cash, cash equivalents restricted cash and restricted cash equivalents	$ 5,875	$ 14,033	$ 211,484

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Net of capitalized interest	$ 83	$ 86	$ 2

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies RPT Realty, together with our subsidiaries (the “Company” or “RPT”), is a real estate investment trust (“REIT”) engaged in the business of owning and operating a national portfolio of open-air shopping destinations principally located in the top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (“NYSE”). The common shares of beneficial interest of the Company, par value $0.01 per share (the “common share”), are listed and traded on the NYSE under the ticker symbol “RPT”. As of December 31, 2022, the Company's property portfolio (the “aggregate portfolio”) consisted of 44 wholly-owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture (R2G), 48 retail properties owned through its net lease joint venture (RGMZ) and one net lease retail property that was held for sale by the Company which together represent 15.0 million square feet of gross leaseable area (“GLA”). We also have ownership interests of 51.5% and 6.4% in R2G and RGMZ, respectively. Our joint ventures are reported using equity method accounting. We earn fees from certain joint ventures for managing, leasing, construction management and redeveloping the shopping centers they own. We also own interests in several land parcels that are available for development. Most of our properties are anchored by supermarkets and/or national chain stores. We made an election to qualify as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax, provided that we annually distribute at least 90% of our taxable income to our shareholders and meet other conditions. Principles of Consolidation The consolidated financial statements include the accounts of us and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” which was 98.2% and 98.0% owned by the Company at December 31, 2022 and 2021, respectively), and all wholly-owned subsidiaries, including entities in which we have a controlling interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We own 100% of the non-voting and voting common stock of RPT Realty, Inc., and therefore it is included in the consolidated financial statements. RPT Realty, Inc. has elected to be a taxable REIT subsidiary for federal income tax purposes. RPT Realty, Inc. provides property management services to us and to other entities, including certain real estate joint venture partners. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources. Actual results could differ from those estimates. Revenue Recognition and Accounts Receivable Our shopping center space is generally leased to retail tenants under leases that are classified as operating leases. We recognize minimum rents using the straight-line method over the terms of the leases commencing when the tenant takes possession of the space or when construction of landlord funded improvements is substantially complete. Certain of the leases also provide for contingent percentage rental income which is recorded on an accrual basis once the specified target that triggers this type of income is achieved. The leases also provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses (“recovery income”). The majority of our recovery income is estimated and recognized as revenue in the period the recoverable costs are incurred or accrued. Revenues from management, leasing, and other fees are recognized in the period in which the services have been provided and the earnings process is complete. Lease termination income is recognized when a lease termination agreement is executed by the parties and the tenant vacates the space. When a lease is terminated early but the tenant continues to control the space under a modified lease agreement, the lease termination fee is generally recognized evenly over the remaining term of the modified lease agreement. Current accounts receivable from tenants primarily relate to contractual minimum rent, percentage rent and recovery income. In accordance with ASC 842, income from operating leases is recognized on a straight-line basis over the expected term of the lease for all leases for which collectibility is considered probable at the commencement date. We monitor the collectability of our accounts receivable from specific tenants on an ongoing basis, analyze historical experience, tenant creditworthiness, current economic trends and changes in tenant payment terms when evaluating the likelihood of tenant payment. For operating leases in which collectibility of rental income is not considered probable, rental income is recognized on the lesser of cash or accrual basis, and allowances are taken for those balances that we have reason to believe may be uncollectible in the period it is determined not to be probable of collection. When tenants are in bankruptcy, we make estimates of the expected recovery of pre-petition and post-petition claims. The period to resolve these claims can exceed one year. Management believes the allowance for doubtful accounts is adequate to absorb currently estimated rental income not probable of collection. However, if we experience actual activity in excess of the allowance we have established, our operating income would be reduced. At December 31, 2022 and 2021, our accounts receivable were $19.9 million and $24.0 million, respectively, net of allowances for doubtful accounts of $8.5 million and $13.1 million, respectively. In addition, many of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term. This method results in rental income in the early years of a lease being higher than actual cash received, creating a straight-line rent receivable asset which is included in the “Other assets, net” line item in our consolidated balance sheets. We review our unbilled straight-line rent receivable balance to determine the future collectability of revenue that will not be billed to or collected from tenants due to early lease terminations, lease modifications, bankruptcies and other factors. Our evaluation is based on our assessment of tenant credit risk changes indicating that expected future straight-line rent may not be realized. Depending on circumstances, we may provide a reserve against the previously recognized straight-line rent receivable asset for a portion, up to its full value, that we estimate may not be received. The balance of straight-line rent receivable at December 31, 2022 and 2021, net of allowances of $3.3 million and $4.5 million, respectively, was $15.6 million and $16.2 million, respectively. To the extent any of the tenants under these leases become unable to pay its contractual cash rents, we may be required to write down the straight-line rent receivable from that tenant, which would reduce our operating income. Real Estate Real estate assets that we own directly are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 – 40 years for buildings and improvements and 5 – 30 years for parking lot surfacing and equipment. We capitalize all capital improvement expenditures associated with replacements and improvements to real property that extend the property's useful life and depreciate them over their estimated useful lives ranging from 15 – 25 years. In addition, we capitalize qualifying tenant leasehold improvements and depreciate them over the lesser of the useful life of the improvements or the term of the related tenant lease. We also capitalize direct internal and external costs of procuring leases and amortize them over the base term of the lease. If a tenant vacates before the expiration of its lease, we charge unamortized leasing costs and undepreciated tenant leasehold improvements of no future value to expense. We charge maintenance and repair costs that do not extend an asset’s life to expense as incurred. Sale of a real estate asset is recognized when (i) the parties to the sale contract have approved the contract and are committed to perform their respective obligations, (ii) the Company can identify each party’s rights regarding the property to be transferred, (iii) the Company can identify the payment terms for the property transferred, (iv) the contract has commercial substance (that is, the risk, timing or amount of the entity’s future cash flows is expected to change as a result of the contract), (v) it is probable that the Company will collect substantially all of the consideration to which it will be entitled, and (vi) the Company has satisfied its performance obligations by transferring control of the property. Typically, the timing of payment and satisfaction of performance obligations occur simultaneously on the disposition date upon transfer of the property’s ownership. We will classify properties as held for sale when the following criteria are met: (i) management, having the authority to approve the action, commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Properties held-for-sale are carried at the lower of cost or fair value less costs to sell. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, the results of operations of an acquired property are included in our results of operations from the date of acquisition. Estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy, which are used to allocate the purchase price of acquired property among land, buildings, tenant improvements, and identifiable intangibles. Identifiable intangible assets and liabilities include the effect of above and below-market leases, the value of having leases in place (“as-is” versus “as if vacant” and absorption costs), other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of 40 years for buildings, and over the remaining terms of any intangible asset contracts and the respective tenant leases, which may include bargain renewal options. The impact of these estimates, including estimates in connection with acquisition values and estimated useful lives, could result in significant differences related to the purchased assets, liabilities and subsequent depreciation or amortization expense. Real estate also includes costs incurred in the development of new operating properties and the redevelopment of existing operating properties. These properties are carried at cost and no depreciation is recorded on these assets until the commencement of rental revenue or no later than one year from the completion of major construction. These costs include pre-development costs directly identifiable with the specific project, development and construction costs, interest, real estate taxes and insurance. Interest is capitalized on land under development and buildings under construction based on the weighted average rate applicable to our borrowings outstanding during the period and the weighted average balance of qualified assets under development/redevelopment during the period. Indirect project costs associated with development or construction of a real estate project are capitalized until the earlier of one year following substantial completion of construction or when the property becomes available for occupancy. The capitalized costs associated with development and redevelopment projects are depreciated over the useful life of the improvements. If we determine a development or redevelopment project is no longer probable, we expense all capitalized costs which are not recoverable. It is our policy to start vertical construction on new development projects only after the project has received entitlements, significant anchor leasing commitments, construction financing and joint venture partner commitments, if appropriate. We are in the entitlement and pre-leasing phases at our development projects. Accounting for the Impairment of Long-Lived Assets We review our investment in real estate, including any related intangible assets, for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable. These changes in circumstances include, but are not limited to, changes in occupancy, rental rates, net operating income, real estate values and expected holding period. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. To the extent a project, or individual components of the project, is no longer considered to have value, the related capitalized costs are charged against operations. Impairment provisions resulting from any event or change in circumstances, including changes in management’s intentions or management’s analysis of varying scenarios, could be material to our consolidated financial statements. We recognize an impairment of an investment in real estate when the estimated undiscounted cash flows are less than the net carrying value of the property. If it is determined that an investment in real estate is impaired, then the carrying value is reduced to the estimated fair value as determined by cash flow models and discount rates or comparable sales in accordance with our fair value measurement policy. In 2022, we recorded no impairment provision related to developable land or shopping centers classified as income producing. In 2021, we recorded impairment provisions totaling $17.2 million related to shopping centers classified as income producing. The impairment provisions on income producing properties were related to changes in the expected hold period assumptions for certain wholly-owned income producing properties. In 2020, we recorded a $0.6 million impairment provision related to developable land. The adjustment related to changes in the expected use and changes in associated sales price assumptions related to land held for development. Investments in Real Estate Joint Ventures We have two equity investments in unconsolidated joint venture entities in which we own 51.5% or less of the total ownership interest, one of which owns 13 multi-tenant shopping centers and one of which owns 48 net lease retail properties. Under all of our joint ventures, because we can influence but not make significant decisions without our partners' approval, these investments are accounted for under the equity method of accounting. We provide leasing, construction, development, asset and property management services to these joint ventures for which we are paid fees. We review our equity investments in unconsolidated entities for impairment on a venture-by-venture basis whenever events or changes in circumstances indicate that the carrying value of the equity investment may not be recoverable. In testing for impairment of these equity investments, we primarily use cash flow models, discount rates, and capitalization rates to estimate the fair value of properties held in joint ventures, and mark the debt of the joint ventures to market. Considerable judgment by management is applied when determining whether an equity investment in an unconsolidated entity is impaired and, if so, the amount of the impairment. Changes to assumptions regarding cash flows, discount rates or capitalization rates could be material to our consolidated financial statements. There were no impairment provisions on our equity investments in joint ventures recorded in 2022, 2021 or 2020. Deferred Financing Costs Debt issuance costs related to a recognized debt liability is presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Unamortized debt issuance costs of $5.3 million and $4.2 million are included in Notes payable, net as of December 31, 2022 and 2021, respectively. Debt issuance costs associated with a line of credit arrangement is classified as an asset and subsequently amortized ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. Unamortized debt issuance costs related to our revolving credit facility (as defined below) of $3.8 million and $1.2 million are included in Other assets, net as of December 31, 2022 and 2021, respectively. Other Assets, net Other assets, net consist primarily of deferred leasing costs, cash flow hedge mark-to-market assets, straight-line rent receivable, acquired development agreement intangibles, preferred equity investments, deferred financing costs related to our revolving credit facility and prepaid expenses. Deferred financing costs related to our revolving credit facility and leasing costs are amortized using the straight-line method over the terms of the respective agreements, which approximates the effective interest method. Should a tenant terminate its lease, the unamortized portion of the leasing cost is expensed. Unamortized deferred financing costs are expensed when the related agreements are terminated before their scheduled maturity dates. Cash flow hedge mark-to-market assets are recorded at fair value on a recurring basis. Preferred equity investments are written down to fair value if the Company's qualitative assessment indicates that the investment is impaired and the fair value of the investment is less than its carrying value. Lastly, the acquired development agreements are amortized over the terms of the respective agreements. Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”). As of December 31, 2022, we had $6.2 million in excess of the FDIC insured limit. Recognition of Share-based Compensation Expense We grant share-based compensation awards to employees and trustees in the form of restricted common shares and cash and equity settled awards, and in the past, we have granted stock options to employees and trustees. Our share-based award costs are equal to each grant date fair value and are recognized over the service periods of the awards using the graded vesting method. We recognize forfeitures related to stock awards and stock options as they occur. See Note 15 of these notes to the consolidated financial statements for further information regarding our share based compensation. Income Tax Status We made an election, and believe our operating activities permit us to qualify as a REIT for federal income tax purposes. Accordingly, we generally will not be subject to federal income tax, provided that we distribute at least 90% of our taxable income annually to our shareholders and meet other conditions. We are obligated to pay state taxes, generally consisting of franchise or gross receipts taxes in certain states which are not material to our consolidated financial statements. Certain of our operations, including property and asset management, as well as ownership of certain land parcels, are conducted through taxable REIT subsidiaries, (“TRSs”) which are subject to federal and state income taxes. During the years ended December 31, 2022, 2021, and 2020, we sold various properties and land parcels at a gain, resulting in both a federal and state tax liability. See Note 16 of the notes to the consolidated financial statements in this report for further information regarding income taxes. Variable Interest Entities (“VIE”) Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties or in which equity investors do not have the characteristics of a controlling financial interest qualify as VIEs. VIEs are required to be consolidated by their primary beneficiary. The primary beneficiary of a VIE has both (i) the power to direct the activities that most significantly impact economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We have evaluated our investments in joint ventures and determined that our joint ventures do not meet the requirements of a VIE and, therefore, consolidation of these ventures is not required. Noncontrolling Interest in Subsidiaries There are third parties who have certain noncontrolling interests in the Operating Partnership that are exchangeable for our common shares on a 1:1 basis or cash, at our election. Noncontrolling interest is classified as a separate component of equity outside of the permanent equity section of our consolidated balance sheets. Consolidated net income and comprehensive income includes the noncontrolling interest’s share. The calculation of earnings per share is based on income available to common shareholders. Segment Information Our primary business is the ownership, management, redevelopment, development and operation of retail shopping centers. We do not distinguish our primary business or group our operations on a geographical basis for purposes of measuring performance. We review operating and financial data for each property on an individual basis and define an operating segment as an individual property. The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term financial performance. No one individual property constitutes more than 10% of our revenue or property operating income and none of our shopping centers is located outside the United States. Accordingly, we have a single reportable segment for disclosure purposes.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Pronouncements In July 2021, the FASB updated Accounting Standards Codification (“ASC”) Topic 842 “Leases” with ASU 2021-05 “Lessors-Certain Leases with Variable Lease Payments” (“ASU 2021-05”). ASU 2021-05 affects lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. ASU 2021-05 amends the lease classification requirements for lessors to align them with practice under Topic 840, whereby lessors classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease when certain criteria are met. ASU 2021-05 is effective for annual periods beginning after December 15, 2021, including interim periods within that fiscal year. The adoption of this standard did not have a material impact on our condensed consolidated financial statements, as the Company's customary lease terms do not result in sales-type or direct financing classifications, although future leases may. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). In addition, the FASB subsequently issued ASU 2021-01 “Reference Rate Reform (Topic 848)” (“ASU 2021-01”) which further clarifies the optional expedients available, and issued ASU 2022-06 “Reference Rate Reform (Topic 848)” which extends the expiration date of the guidance in ASU 2020-04. ASU 2020-04, ASU 2021-01 and ASU 2022-06 provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. Therefore, it will be in effect for a limited time through December 31, 2024. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. During the year ended December 31, 2022, the Company amended each of its unsecured term loan facilities and revolving credit facility, as well as a portion of its interest rate swap agreements to replace LIBOR with SOFR as the reference rate. In accordance with ASU 2020-04, as amended, these amendments will be accounted for as non-substantial modifications. See Note 8 for more information regarding amendments made to the Company’s unsecured term loan facilities, revolving credit facility and senior unsecured notes. See Note 11 for more information regarding amendments made to the Company's interest rate swap agreements.

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Real Estate	Real Estate Included in our net real estate are income producing shopping center properties that are recorded at cost less accumulated depreciation and amortization, construction in progress, land available for development and real estate held for sale. Following is the detail of the construction in progress and land available for development as of December 31, 2022 and 2021: December 31, 2022 2021 (In thousands) Construction in progress $ 14,614 $ 16,836 Land available for development 23,158 26,181 Total $ 37,772 $ 43,017 Construction in progress represents existing development, redevelopment and tenant build-out projects. When projects are substantially complete and ready for their intended use, balances are transferred to land or building and improvements as appropriate. The decrease in construction in progress from December 31, 2021 to December 31, 2022 was due primarily to completion of tenant build-outs and property dispositions, partially offset by capital expenditures for ongoing projects. Land available for development includes real estate projects where vertical construction has yet to commence, but which have been identified by us and are available for future development when market conditions dictate the demand for a new shopping center. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. Pursuant to the criteria established under ASC Topic 360 we classify properties as held for sale when the following criteria are met (i) management, having the authority to approve the action, commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. As of December 31, 2022, certain net lease retail assets held by the consolidated portfolio have been fully subdivided from our wholly-owned shopping centers, and the Company has a legally binding agreement to contribute these properties to our RGMZ Venture REIT LLC joint venture. Refer to Note 6 for additional information. As of December 31, 2022, these properties were classified as held for sale with a net book value of $3.1 million included in Net real estate. As of December 31, 2021, we had properties classified as held for sale with a net book value of $3.8 million included in Net real estate, which were subsequently sold during March 2022.

Property Acquisitions and Dispo

Property Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Property Acquisitions and Dispositions	Property Acquisitions and Dispositions Acquisitions The following table provides a summary of our acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (In thousands) (In thousands) 2022 The Crossings Newington, NH 510 4/04/22 $ 104,000 $ 105,153 $ — Brookline Village Brookline, MA 11 6/07/22 5,000 5,092 — Total acquisitions 521 $ 109,000 $ 110,245 $ — 2021 Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/07/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/05/21 41,550 42,034 — Highland Lakes Palm Harbor, FL 82 12/16/21 15,000 15,132 — Total acquisitions 1,491 $ 208,650 $ 202,584 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The total aggregate fair value of the acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Year Ended December 31, 2022 2021 (In thousands) Land $ 18,875 $ 48,019 Buildings and improvements 75,189 107,013 Above market leases 2,167 26,303 Lease origination costs 17,933 28,012 Below market leases (3,919) (6,763) Net assets acquired $ 110,245 $ 202,584 Total revenue and income for the 2022 and 2021 acquisitions in our consolidated statement of operations for the years ended December 31, 2022 and 2021 were as follows: Year Ended December 31, 2022 2021 (in thousands) Consolidated revenue $ 23,859 $ 9,532 Consolidated net income available to common shareholders $ 3,402 $ 1,738 Dispositions The following table provides a summary of our disposition activity during 2022 : Gross Property Name Location Property/ Parcel Count GLA Acreage Date Sold Sales Gain on Sale (In thousands) (In thousands) 2022 Newnan Pavilion - Land Parcel (1) Newnan, GA 1 108 N/A 3/22/22 $ 4,576 $ 37 Front Range Village - Single-Tenant Property (1) Fort Collins, CO 1 24 N/A 3/22/22 7,000 3,417 Rivertowne Square Deerfield Beach, FL 1 144 N/A 6/07/22 18,750 11,382 Tel-Twelve Southfield, MI 1 194 N/A 7/21/22 45,000 6,461 Mount Prospect Plaza Mount Prospect, IL 1 228 N/A 8/18/22 34,600 2,628 Northborough Crossing - Outparcel (1) Northborough, MA 1 55 N/A 9/08/22 10,229 2,055 The Shops on Lane Avenue Upper Arlington, OH 1 184 N/A 10/27/22 80,800 27,198 Troy Marketplace Troy, MI 1 249 N/A 10/27/22 81,900 34,985 Total income producing dispositions 8 1,186 — $ 282,855 $ 88,163 Hartland Town Square - Outparcel Hartland, MI 1 N/A 0.7 3/31/22 $ 400 $ 93 Mount Prospect Plaza - Land parcel Mount Prospect, IL 1 N/A 0.1 5/16/22 203 161 Lakeland Park Center - Outparcel Lakeland, FL 1 N/A 1.0 10/17/22 1,000 181 Hartland Town Square - Outparcel Hartland, MI 1 N/A 1.0 12/08/22 675 340 Total land dispositions 4 — 2.8 $ 2,278 $ 775 Total dispositions 12 1,186 2.8 $ 285,133 $ 88,938 (1) We contributed net lease retail assets that were subdivided from wholly-owned shopping centers to RGMZ. The properties contributed included both income producing properties in which we owned the depreciable real estate, as well as income producing properties which are subject to a ground lease. Refer to Note 6 of these notes to the consolidated financial statements for additional information.

Impairment Provisions

Impairment Provisions	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Impairment Provisions	Impairment Provisions We established provisions for impairment for the following consolidated assets: Year Ended December 31, 2022 2021 2020 (In thousands) Land available for development $ — $ — $ 598 Income producing properties — 17,201 — Total $ — $ 17,201 $ 598 During 2021, the Company's decision to market for potential sale certain wholly-owned income producing properties resulted in an impairment provision of $17.2 million. The adjustment was triggered by changes in the expected hold period assumptions related to the shopping centers. During 2020, changes in the expected use and changes in associated sales price assumptions related to land held for development resulted in an impairment provision of $0.6 million.

Equity Investments in Unconsoli

Equity Investments in Unconsolidated Joint Ventures	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity Investments in Unconsolidated Joint Ventures	Equity Investments in Unconsolidated Joint Ventures As of December 31, 2022, we had two joint venture agreements: 1) R2G Venture LLC and 2) RGMZ Venture REIT LLC, whereby we own 51.5% and 6.4%, respectively, of the equity in each joint venture. As of December 31, 2022, our R2G Venture LLC joint venture owned 13 income-producing shopping centers and our RGMZ Venture REIT LLC joint venture owned 48 net lease retail properties. We and the joint venture partners have joint approval rights for major decisions, including those regarding property operations. We cannot make significant decisions without our partner’s approval. Accordingly, we account for our interest in the joint ventures using the equity method of accounting. Our Ramco HHF NP LLC joint venture, in which we had a 7.0% equity interest as of December 31, 2021, was fully dissolved during 2022, and had no impact on our financial results for the year then ended. Combined financial information of our unconsolidated joint ventures is summarized as follows: Balance Sheets December 31, 2022 December 31, 2021 (In thousands) (In thousands) ASSETS R2G RGMZ Total R2G RGMZ Total Investment in real estate, net $ 822,707 $ 215,059 $ 1,037,766 $ 489,557 $ 152,992 $ 642,549 Other assets 102,355 80,094 182,449 71,543 74,295 145,838 Total Assets $ 925,062 $ 295,153 $ 1,220,215 $ 561,100 $ 227,287 $ 788,387 LIABILITIES AND OWNERS' EQUITY Notes payable $ 80,053 $ 185,227 $ 265,280 $ 28,516 $ 130,519 $ 159,035 Other liabilities 43,054 6,172 49,226 32,914 3,168 36,082 Owners' equity 801,955 103,754 905,709 499,670 93,600 593,270 Total Liabilities and Owners' Equity $ 925,062 $ 295,153 $ 1,220,215 $ 561,100 $ 227,287 $ 788,387 RPT's equity investments in unconsolidated joint ventures $ 416,487 $ 6,602 $ 423,089 $ 261,229 $ 5,954 $ 267,183 Statements of Operations Year Ended December 31, 2022 (In thousands) R2G RGMZ Total Total revenue $ 64,133 $ 20,122 $ 84,255 Total expenses 59,033 13,533 72,566 Operating income 5,100 6,589 11,689 Interest expense 2,299 9,373 11,672 Loss on extinguishment of debt — 317 317 Income tax benefit — (14) (14) Net income (loss) $ 2,801 $ (3,087) $ (286) Preferred member dividends 163 45 208 Net income (loss) available to common members $ 2,638 $ (3,132) $ (494) RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,359 $ (200) $ 1,159 Statements of Operations Year Ended December 31, 2021 (In thousands) R2G RGMZ Other Total Total revenue $ 34,206 $ 5,957 $ — $ 40,163 Total expenses 26,322 3,435 7 29,764 Operating income 7,884 2,522 (7) 10,399 Interest expense 76 2,285 — 2,361 Net income (loss) $ 7,808 $ 237 $ (7) $ 8,038 Preferred member dividends 75 35 — 110 Net income (loss) available to common members $ 7,733 $ 202 $ (7) $ 7,928 RPT's share of earnings from unconsolidated joint ventures $ 3,982 $ 13 $ — $ 3,995 Statements of Operations Year Ended December 31, 2020 (In thousands) R2G RGMZ Other Total Total revenue $ 24,489 $ — $ (51) $ 24,438 Total expenses 21,285 — 16 21,301 Operating income (loss) 3,204 — (67) 3,137 Interest expense — — — — Net income (loss) $ 3,204 $ — $ (67) $ 3,137 Preferred member dividends 73 — — 73 Net income (loss) available to common members $ 3,131 $ — $ (67) $ 3,064 RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,612 $ — $ (22) $ 1,590 Acquisitions The following table provides a summary of our R2G joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 Mary Brickell Village Miami, FL 199 7/07/22 $ 216,000 $ 212,421 $ — The Shops on Lane Avenue Upper Arlington, OH 184 10/27/22 80,800 80,721 — Troy Marketplace Troy, MI 249 10/27/22 81,900 79,521 — Total R2G acquisitions 632 $ 378,700 $ 372,663 $ — 2021 East Lake Woodlands Palm Harbor, FL 104 7/09/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Dedham Dedham, MA 510 10/07/21 131,500 126,812 — Total R2G acquisitions 1,215 $ 305,650 $ 301,864 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The total aggregate fair value of the R2G acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Year Ended December 31, 2022 2021 (In thousands) Land $ 150,911 $ 50,824 Buildings and improvements 195,291 219,211 Above market leases 1,329 7,906 Lease origination costs 34,654 34,442 Operating lease right-of-use assets — 4,512 Below market leases (9,522) (8,231) Operating lease liabilities — (6,800) Net assets acquired $ 372,663 $ 301,864 The following table provides a summary of our RGMZ joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 RPT Realty - 2 Income Producing Properties Various (2) 132 3/22/22 $ 11,576 $ 11,679 $ (6,946) Single-Tenant Property Ridgeland, MS 2 4/01/22 2,200 2,315 (1,320) Ansonia Landing Ansonia, CT 91 5/03/22 14,000 14,238 (8,400) Walgreens Portfolio Various (3) 71 5/25/22 33,800 34,261 (20,897) RPT Realty - 1 Income Producing Property Northborough, MA 55 9/08/22 10,229 9,290 (6,649) Total RGMZ acquisitions 351 $ 71,805 $ 71,783 $ (44,212) 2021 RPT Realty - 13 Income Producing Properties Various (4) 169 3/05/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (5) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Mountain Valley Shopping Center Conway, NH 259 11/18/21 26,500 26,946 (15,900) RPT Realty - 4 Income Producing Properties Northborough, MA 268 12/17/21 64,560 64,912 (38,736) RPT Realty - 2 Income Producing Properties Mount Juliet, TN 10 12/30/21 3,645 3,708 (2,187) RPT Realty - 1 Income Producing Property Palatine, IL 20 12/31/21 5,000 5,047 (3,000) Total acquisitions 1,222 $ 217,532 $ 220,420 $ (130,519) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado and Georgia. (3) Net lease retail properties acquired are located in Louisiana and Michigan (4) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (5) Net lease retail properties acquired are located in Florida, Georgia, and Michigan. The total aggregate fair value of the RGMZ acquisitions was allocated and is reflected in the following table in accordance with accounting guidance for asset acquisitions. At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Year Ended December 31, 2022 2021 (In thousands) Land $ 20,592 $ 82,265 Buildings and improvements 44,308 71,061 Above market leases 285 54,254 Lease origination costs 6,934 13,705 72,119 221,285 Mortgage debt assumed at fair value (19,187) — Below market leases (2,046) (865) Net assets acquired $ 50,886 $ 220,420 Dispositions There were no dispositions of our unconsolidated joint venture properties during 2022 and 2021. Debt On February 9, 2022, R2G closed on a fixed mortgage secured by Bedford Marketplace for an aggregate principal amount of $30.0 million. The mortgage has an annual rate of 2.93% and matures on March 1, 2032. On February 10, 2022, R2G closed on a fixed mortgage secured by Village Shoppes at Canton for an aggregate principal amount of $22.1 million. The mortgage has an annual rate of 2.81% and matures on March 1, 2029. The following table summarizes the R2G's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Village Shoppes of Canton 3/1/2029 $ 22,050 2.81 % $ — — % East Lake Woodlands 12/1/2031 12,750 2.94 % 12,750 2.94 % South Pasadena 12/1/2031 16,330 2.94 % 16,330 2.94 % Bedford Marketplace 3/1/2032 29,975 2.93 % — — % $ 81,105 2.90 % $ 29,080 2.94 % Unamortized deferred financing costs (1,052) (564) Total $ 80,053 $ 28,516 On July 11, 2022, RGMZ entered into an amendment to increase its secured credit facility from $240.0 million to $300.0 million which also includes an accordion feature allowing it to increase future potential commitments up to a total capacity of $600.0 million. The amendment also changed the indexed interest rate from LIBOR to the SOFR. On November 17, 2022, RGMZ entered into an upsize amendment, thereby increasing its secured credit facility from $300.0 million to $350.0 million. As of December 31, 2022, RGMZ had $166.1 million outstanding under its secured credit facility, an increase of $35.6 million from December 31, 2021, as result of borrowings in 2022. The interest rate at December 31, 2022 was 6.34%. In addition, RGMZ has a fixed rate mortgage secured by certain single-tenant properties for an aggregate principal amount of $20.7 million as of December 31, 2022. The mortgage has an annual rate of 3.56% and matures on December 1, 2030. Joint Venture Management and Other Fee Income We receive a property management fee which is based upon 4.0% of gross revenues received for providing services to R2G and recognize these fees as the services are rendered. We also receive leasing fees for new leases and renewal leases of 6.0% and 2.5%, respectively, of total expected rent over the length of the lease, capped at 10 years. We receive an asset management fee for services provided to RGMZ, which is based upon 0.25% of the gross asset value of net lease retail assets in RGMZ. We also receive leasing fees from RGMZ for new leases and renewal leases of 5.0% and 2.5%, respectively, of total expected rent over the length of the lease, capped at 10 years. The Company will be paid an additional annual incentive management fee equal to 0.15% based upon the appraised gross asset value of the net lease retail assets in RGMZ. However, the Company will not earn this fee until meeting certain financial hurdles measured at sale or initial public offering of the RGMZ joint venture. Notwithstanding the forgoing for both joint ventures, for tenants with space in excess of 17,000 rentable square feet, the fees are as follows: (i) $1 per rentable square foot for each renewal lease, (ii) (a) $5 per rentable square foot for each new lease for grocer and (b) $4 per rentable square foot for each new lease for non-grocer. We also can receive fees from both joint ventures for construction management and development management. We are responsible for paying any third-party leasing fees. The following tables provide information for our fees earned which are reported in our consolidated statements of operations and comprehensive income: Year Ended December 31, 2022 R2G RGMZ Total (In thousands) Management fees $ 2,448 $ 680 $ 3,128 Leasing fees 594 163 757 Construction fees 240 — 240 Total $ 3,282 $ 843 $ 4,125 Year Ended December 31, 2021 R2G RGMZ Total (In thousands) Management fees $ 1,376 $ 187 $ 1,563 Leasing fees 418 — 418 Construction fees 5 — 5 Total $ 1,799 $ 187 $ 1,986 Year Ended December 31, 2020 R2G RGMZ Total (In thousands) Management fees $ 895 $ — $ 895 Leasing fees 490 — 490 Construction fees 10 — 10 Total $ 1,395 $ — $ 1,395

Other Assets, Net and Acquired

Other Assets, Net and Acquired Lease Intangible Assets, Net	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Net and Acquired Lease Intangible Assets, Net	Other Assets, Net and Acquired Lease Intangible Assets, Net Other assets, net consisted of the following: December 31, 2022 2021 (In thousands) Deferred leasing costs, net $ 28,650 $ 28,308 Deferred financing costs on unsecured revolving credit facility, net 3,804 1,243 Acquired development agreements (1) 14,884 15,928 Other, net 6,182 8,188 Total amortizable other assets 53,520 53,667 Straight-line rent receivable, net 15,612 16,220 Goodwill 2,089 2,089 Cash flow hedge mark-to-market asset 21,828 — Preferred equity investments 13,830 13,529 Other assets held for sale 139 204 Prepaid and other deferred expenses, net 2,425 2,715 Other assets, net $ 109,443 $ 88,424 (1) Represents in-place public improvement agreement of approximately $11.6 million and real estate tax exemption agreement of approximately $3.3 million associated with two properties acquired in 2014. Straight-line rent receivables are recorded net of allowances of $3.3 million and $4.5 million at December 31, 2022 and 2021, respectively. Acquired lease intangible assets, net consisted of the following: December 31, 2022 2021 (In thousands) Lease origination costs $ 58,892 $ 63,011 Above market leases 6,911 5,894 65,803 68,905 Accumulated amortization (25,760) (31,051) Acquired lease intangibles, net $ 40,043 $ 37,854 Acquired lease intangible assets have a remaining weighted-average amortization period of 10.2 years as of December 31, 2022. These intangible assets are being amortized over the terms of the applicable lease. Amortization of lease origination costs is an increase to amortization expense and amortization of above market leases is a reduction to rental income over the applicable terms of the respective leases. Amortization of the above market lease asset resulted in a reduction of revenue of approximately $1.1 million, $1.2 million, and $0.7 million for the years ended December 31, 2022, 2021, and 2020, respectively. Combined, amortizable other assets, net and acquired lease intangibles, net totaled $93.6 million. The following table represents estimated aggregate amortization related to those assets as of December 31, 2022: Year Ending December 31, (In thousands) 2023 $ 16,235 2024 14,449 2025 11,555 2026 9,804 2027 7,337 Thereafter 34,183 Total $ 93,563

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of December 31, 2022 and 2021: December 31, Notes Payable and Finance Lease Obligation 2022 2021 (In thousands) Senior unsecured notes $ 511,500 $ 511,500 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 3,290 31,697 Unsecured revolving credit facility 35,000 35,000 859,790 888,197 Unamortized premium 77 153 Unamortized deferred financing costs (5,271) (4,165) Total notes payable, net $ 854,596 $ 884,185 Finance lease obligation $ 763 $ 821 Senior Unsecured Notes On August 2, 2022, the Company entered into amendments to the note purchase agreements governing all of the Operating Partnership's outstanding senior unsecured notes, with the holders of the outstanding notes, with the exception of the note purchase agreement related to the Operating Partnership's (i) $75.0 million aggregate principle amount of 3.70% Senior Guaranteed Notes, Series A, due November 30, 2030 and (ii) $55.0 million aggregate principle amount of 3.82% Senior Guaranteed Notes, Series B, due November 30, 2031. These amendments modify certain covenants, including the removal of the restrictions on certain investments covenant and modification to the development activities covenant, increases on the minimum and maximum dollar thresholds included in events of default and modifications to related definitions contained in each of the note purchase agreements. The following table summarizes the Company's senior unsecured notes: December 31, 2022 December 31, 2021 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes - 4.27% due 2025 6/27/2025 $ 31,500 4.27 % $ 31,500 4.27 % Senior unsecured notes - 4.20% due 2025 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes - 4.09% due 2025 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes - 4.74% due 2026 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes - 4.28% due 2026 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes - 4.57% due 2027 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes - 3.64% due 2028 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes - 4.72% due 2029 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes - 4.15% due 2029 12/27/2029 50,000 4.15 % 50,000 4.15 % Senior unsecured notes - 3.70% due 2030 11/30/2030 75,000 3.70 % 75,000 3.70 % Senior unsecured notes - 3.82% due 2031 11/30/2031 55,000 3.82 % 55,000 3.82 % $ 511,500 4.09 % $ 511,500 4.09 % Unamortized deferred financing costs (2,667) (2,694) Total $ 508,833 $ 508,806 Unsecured Term Loan Facilities and Revolving Credit Facility On August 18, 2022, the Operating Partnership entered into a Sixth Amended and Restated Credit Agreement (the “credit agreement”) which amends and restates in its entirety the Operating Partnership's Fifth Amended and Restated Credit Agreement dated as of November 6, 2019. The credit agreement provides for a revolving credit facility (the “revolving credit facility”) of up to $500.0 million and term loan facilities of $310.0 million (the “term loan facilities” and, together with the revolving credit facility, the “unsecured revolving line of credit”). Pursuant to the credit agreement, the Operating Partnership has the right, exercisable five times, to request increases to the revolving credit facility and term loan facilities or the making of additional term loans by up to $440.0 million to a maximum aggregate amount not to exceed $1.25 billion. The revolving credit facility matures on August 18, 2026 and can be extended for two additional consecutive periods of six-months, subject to continued compliance with the terms of the credit agreement and the payment of an extension fee of 0.0625%. Borrowings on the revolving credit facility are priced on a leverage grid ranging from SOFR plus 105 basis points to SOFR plus 150 basis points and a 10 basis point SOFR Index adjustment. The term loan facilities mature in four separate tranches ranging from November 6, 2026 to February 18, 2028 and are priced on a leverage grid ranging from SOFR plus 120 basis points to SOFR plus 170 basis points and a 10 basis point SOFR Index adjustment. We recorded loss on extinguishment of debt of $0.1 million, which represented the write-off of unamortized deferred financing costs associated with certain lenders in conjunction with the amendment of the credit agreement. The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: December 31, 2022 December 31, 2021 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan due 2023 - fixed rate 3/3/2023 $ — — % $ 60,000 3.02 % Unsecured term loan due 2024 - fixed rate 11/6/2024 — — % 50,000 2.51 % Unsecured term loan due 2025 - fixed rate 2/6/2025 — — % 50,000 2.57 % Unsecured term loan due 2026 - fixed rate (1) 11/6/2026 50,000 2.50 % 50,000 2.95 % Unsecured term loan due 2027 - fixed rate (2) 2/5/2027 100,000 2.61 % 100,000 3.04 % Unsecured term loan due 2027 - fixed rate (3) 8/18/2027 50,000 2.52 % — — % Unsecured term loan due 2028 - fixed rate (4) 2/18/2028 110,000 2.80 % — — % $ 310,000 2.65 % $ 310,000 2.86 % Unamortized deferred financing costs (2,604) (1,471) Term loans, net $ 307,396 $ 308,529 Revolving credit facility - variable rate 11/6/2023 $ — — % $ 35,000 1.25 % Revolving credit facility - variable rate 8/18/2026 35,000 5.48 % — — % $ 35,000 5.48 % $ 35,000 1.25 % (1) Swapped to a weighted average fixed rate of 1.20%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (2) Swapped to a weighted average fixed rate of 1.31%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (3) Swapped to a weighted average fixed rate of 1.22%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (4) Swapped to a weighted average fixed rate of 1.50%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. As of both December 31, 2022 and December 31, 2021, we had $35.0 million outstanding under our revolving credit facility. We had no outstanding letters of credit issued under our revolving credit facility as of December 31, 2022. We had $465.0 million of unused capacity under our $500.0 million revolving credit facility that could be borrowed subject to compliance with applicable financial covenants. The interest rate as of December 31, 2022 was 5.48%. Mortgages On October 11, 2022, the Company repaid a mortgage note secured by The Shops on Lane Avenue totaling $27.2 million with an interest rate of 3.76%. The following table summarizes the Company's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) The Shops on Lane Avenue 1/10/2023 $ — — % $ 27,624 3.76 % Nagawaukee II 6/1/2026 3,290 5.80 % 4,073 5.80 % $ 3,290 5.80 % $ 31,697 4.02 % Unamortized premium 77 153 Total $ 3,367 $ 31,850 The fixed rate mortgages are secured by a property that has an approximate net book value of $17.2 million as of December 31, 2022. The mortgage loans encumbering our properties are generally nonrecourse, subject to certain exceptions for which we would be liable for any resulting losses incurred by the lender. These exceptions include fraud or a material misrepresentation, misstatement or omission by the borrower, intentional or grossly negligent conduct by the borrower that harms the property or results in a loss to the lender, filing of a bankruptcy petition by the borrower, either directly or indirectly and certain environmental liabilities. In addition, upon the occurrence of certain events, such as fraud or filing of a bankruptcy petition by the borrower, we or our joint ventures would be liable for the entire outstanding balance of the loan, all interest accrued thereon and certain other costs, including penalties and expenses. Finance lease At December 31, 2022 we had a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs, Kentucky with a gross carrying value of $10.1 million classified as land. Total amounts expensed as interest relating to this lease were negligible for the years ended December 31, 2022, 2021 and 2020. Covenants Our revolving credit facility, senior unsecured notes as amended and term loan facilities contain financial covenants relating to total leverage, fixed charge coverage ratio, unencumbered assets, tangible net worth and various other calculations. As of December 31, 2022, we were in compliance with these covenants. The following table presents scheduled principal payments on mortgages, notes payable, revolving credit facility and finance lease payments as of December 31, 2022: Year Ending December 31, Principal Payments Finance Lease Payments (In thousands) 2023 $ 829 $ 100 2024 879 100 2025 132,431 100 2026 (1) 160,651 100 2027 180,000 100 Thereafter 385,000 500 Subtotal debt 859,790 1,000 Unamortized mortgage premium 77 — Unamortized deferred financing costs (5,271) — Amounts representing interest — (237) Total $ 854,596 $ 763 (1) Scheduled maturities in 2026 include the $35.0 million balance on the revolving credit facility drawn as of December 31, 2022. The revolving credit facility has two six-month extensions available at the Company's option provided compliance with financial covenants is maintained.

Acquired Lease Intangible Liabi

Acquired Lease Intangible Liabilities, Net	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Acquired Lease Intangible Liabilities, Net	Acquired Lease Intangible Liabilities, Net Acquired lease intangible liabilities, net were $33.2 million and $36.2 million as of December 31, 2022 and 2021, respectively. Acquired lease intangible liabilities have a remaining weighted-average amortization period of 16.7 years as of December 31, 2022. The lease intangible liabilities relate to below market leases and are being accreted over the applicable terms of the acquired leases, which resulted in an increase in revenue of $5.3 million, $3.9 million, and $3.6 million for the years ended December 31, 2022, 2021 and 2020, respectively. Amortizable acquired lease intangibles liabilities, net totaled $33.2 million. The following table represents estimated aggregate amortization related to those liabilities as of December 31, 2022: Year Ending December 31, (In thousands) 2023 $ 5,316 2024 2,585 2025 2,474 2026 2,324 2027 2,223 Thereafter 18,235 Total $ 33,157

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	Fair Value We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Derivative instruments (interest rate swaps) are recorded at fair value on a recurring basis. Additionally, we, from time to time, may be required to record other assets at fair value on a nonrecurring basis. As a basis for considering market participant assumptions in fair value measurements, GAAP establishes three fair value levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The assessed inputs used in determining any fair value measurement could result in incorrect valuations that could be material to our consolidated financial statements. These levels are: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. The following is a description of valuation methodologies used for our assets and liabilities recorded at fair value. Derivative Assets and Liabilities All of our derivative instruments are interest rate swaps for which quoted market prices are not readily available. For those derivatives, we measure fair value on a recurring basis using valuation models that use primarily market observable inputs, such as yield curves. We classify derivative instruments as Level 2. Refer to Note 11 of notes to the consolidated financial statements for additional information on our derivative financial instruments. The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021: Balance Sheet Location Total Fair Value Level 1 Level 2 Level 3 2022 (In thousands) Derivative assets - interest rate swaps Other assets $ 21,828 $ — $ 21,828 $ — Derivative liabilities - interest rate swaps Other liabilities $ — $ — $ — $ — 2021 Derivative assets - interest rate swaps Other assets $ — $ — $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (2,712) $ — $ (2,712) $ — Other Assets and Liabilities The carrying values of cash and cash equivalents, restricted cash and escrows, accounts receivables and accounts payable and accrued expenses are reasonable estimates of their fair values because of the short maturity of these financial instruments. Debt We estimated the fair value of our debt based on our incremental borrowing rates for similar types of borrowing arrangements with the same remaining maturity and on the discounted estimated future cash payments to be made for other debt. The discount rates used approximate current lending rates for loans or groups of loans with similar maturities and credit quality, assumes the debt is outstanding through maturity and considers the debt’s collateral (if applicable). Since such amounts are estimates that are based on limited available market information for similar transactions, there can be no assurance that the disclosed value of any financial instrument could be realized by immediate settlement of the instrument. The Company determined that the valuation of its fixed rate senior unsecured notes, unsecured term loan facilities (including variable rate term loans swapped to fixed through derivatives), and revolving credit facility were classified as Level 2 of the fair value hierarchy and its fixed rate mortgages were classified within Level 3 of the fair value hierarchy. Our Level 2 fixed rate debt had a carrying value of $821.5 million at both December 31, 2022 and 2021, and had fair values of approximately $763.0 million and $833.1 million at December 31, 2022 and 2021, respectively. Our Level 2 variable rate debt had a carrying value of $35.0 million at both December 31, 2022 and 2021, and had fair values of approximately $35.3 million and $35.0 million at December 31, 2022 and 2021, respectively. Our Level 3 fixed rate mortgages had carrying values of $3.3 million and $31.7 million as of December 31, 2022 and 2021, respectively, and had fair values of approximately $3.3 million and $32.4 million, respectively. Net Real Estate Our net real estate, including any identifiable intangible assets, are regularly subject to impairment testing but marked to fair value on a nonrecurring basis. To estimate fair value, we use discounted cash flow models that include assumptions of the discount rates that market participants would use in pricing the asset. To the extent impairment has occurred, we charge to expense the excess of the carrying value of the property over its estimated fair value. We classify impaired real estate assets as nonrecurring Level 3. The table below presents the recorded amount of assets at the time they were marked to fair value during the years ended December 31, 2022 and 2021 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the years ended December 31, 2022 and 2021. Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2022 None 2021 Income producing properties $ 30,171 $ — $ — $ 30,171 $ (17,201) Total $ 30,171 $ — $ — $ 30,171 $ (17,201) Equity Investments in Unconsolidated Entities Our equity investments in unconsolidated joint venture entities are subject to impairment testing on a nonrecurring basis if a decline in the fair value of the investment below the carrying amount is determined to be a decline that is other-than-temporary. To estimate the fair value of properties held by unconsolidated entities, we use cash flow models, discount rates, and capitalization rates based upon assumptions of the rates that market participants would use in pricing the asset. To the extent other-than-temporary impairment has occurred, we charge to expense the excess of the carrying value of the equity investment over its estimated fair value. We classify other-than-temporarily impaired equity investments in unconsolidated entities as nonrecurring Level 3. Preferred Equity Investments Our preferred equity investments in unconsolidated entities are recorded at cost, less any impairment. If we identify observable price changes in orderly transactions for the identical or a similar investment of the same issuer, we remeasure the equity security at fair value as of the date that the observable transaction occurred. We did not mark any preferred investments to fair value on a non-recurring basis during the years ended December 31, 2022 and 2021. Our preferred investments are also subject to impairment testing on a nonrecurring basis if a decline in the fair value of the investment below the carrying amount is determined to be a decline that is other-than-temporary. We classify other-than-temporarily impaired preferred investments as nonrecurring Level 3.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We utilize interest rate swap agreements for risk management purposes to reduce the impact of changes in interest rates on our variable rate debt. We may also enter into forward starting swaps to set the effective interest rate on planned variable rate financing. On the date we enter into an interest rate swap, the derivative is designated as a hedge against the variability of cash flows that are to be paid in connection with a recognized liability. Subsequent changes in the fair value of a derivative designated as a cash flow hedge that is determined to be highly effective are recorded in other comprehensive income (“OCI”) until earnings are affected by the variability of cash flows of the hedged transaction. The differential between fixed and variable rates to be paid or received is accrued, as interest rates change, and recognized currently as interest expense in our consolidated statements of operations and comprehensive income. We assess effectiveness of our cash flow hedges both at inception and on an ongoing basis. Our cash flow hedges become ineffective if critical terms of the hedging instrument and the debt do not perfectly match such as notional amounts, settlement dates, reset dates, calculation period and LIBOR or SOFR rate. At December 31, 2022, all of our hedges were effective. During the year ended December 31, 2022 , the Company entered into amendments for nine of its interest rate swap agreements, with an aggregate notional amount of $250.0 million, to replace LIBOR with SOFR. There were no changes to interest rate swap parties, notional amounts, settlement dates or reset dates and calculation period as a result of these amendments. During the year ended December 31, 2022, the Company entered into four additional forward starting interest rate swap agreements for an aggregate notional amount of $160.0 million. In July 2017, the Financial Conduct Authority announced it intended to stop compelling banks to submit rates for the calculation of LIBOR after 2021. In March 2021, the ICE Benchmark Administration, the administrator of LIBOR, announced its intention to cease publication of certain LIBOR settings after 2021, while continuing to publish overnight and one-, three-, six-, and twelve-month U.S. dollar LIBOR rates through June 30, 2023. While this announcement extended the transition period to June 2023, the United States Federal Reserve Board and other regulatory bodies concurrently issued guidance encouraging banks and other financial market participants to cease entering into new contracts that use U.S. dollar LIBOR as a reference rate as soon as practicable and in any event no later than December 31, 2021. In the U.S., the AARC, which was convened by the Federal Reserve Board and the Federal Reserve Bank of New York, has recommended the SOFR plus a recommended spread adjustment as its preferred alternative to USD-LIBOR. There are significant differences between LIBOR and SOFR, such as LIBOR being an unsecured lending rate while SOFR is a secured rate, and SOFR is an overnight rate while LIBOR reflects term rates at different maturities. We expect that all LIBOR settings relevant to us will cease to be published or will no longer be representative after June 30, 2023. We have no LIBOR-based interest rate swap agreements which extend beyond this date. At December 31, 2022, we had ten interest rate swap agreements in effect for an aggregate notional amount of $310.0 million and four forward starting interest swap agreements for an aggregate notional amount of $160.0 million converting our floating rate corporate debt to fixed rate debt. The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2022: Underlying Debt Hedge Type Reference Rate Notional Value Fixed Rate Fair Value Expiration Date (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow LIBOR $ 60,000 1.770 % $ 264 03/2023 Unsecured term loan Cash Flow SOFR 30,000 1.165 % 1,761 11/2024 Unsecured term loan Cash Flow SOFR 10,000 1.169 % 587 11/2024 Unsecured term loan Cash Flow SOFR 10,000 1.182 % 585 11/2024 Unsecured term loan Cash Flow SOFR 25,000 1.210 % 1,529 01/2025 Unsecured term loan Cash Flow SOFR 25,000 1.239 % 1,512 01/2025 Unsecured term loan Cash Flow SOFR 50,000 1.201 % 4,694 11/2026 Unsecured term loan Cash Flow SOFR 25,000 1.308 % 2,316 01/2027 Unsecured term loan Cash Flow SOFR 50,000 1.289 % 4,634 01/2027 Unsecured term loan Cash Flow SOFR 25,000 1.335 % 2,292 01/2027 $ 310,000 $ 20,174 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow SOFR $ 50,000 2.855 % $ 367 08/2027 Unsecured term loan Cash Flow SOFR 30,000 3.344 % 421 02/2028 Unsecured term loan Cash Flow SOFR 30,000 3.359 % 407 02/2028 Unsecured term loan Cash Flow SOFR 50,000 2.865 % 459 02/2028 Total Derivative Assets $ 470,000 $ 21,828 The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2021: Underlying Debt Hedge Reference Rate Notional Fixed Fair Expiration (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow LIBOR $ 60,000 1.770 % $ (875) 03/2023 Unsecured term loan Cash Flow LIBOR 30,000 1.260 % (211) 11/2024 Unsecured term loan Cash Flow LIBOR 10,000 1.259 % (70) 11/2024 Unsecured term loan Cash Flow LIBOR 10,000 1.269 % (73) 11/2024 Unsecured term loan Cash Flow LIBOR 25,000 1.310 % (204) 01/2025 Unsecured term loan Cash Flow LIBOR 25,000 1.324 % (215) 01/2025 Unsecured term loan Cash Flow LIBOR 50,000 1.297 % (211) 11/2026 Unsecured term loan Cash Flow LIBOR 25,000 1.402 % (226) 01/2027 Unsecured term loan Cash Flow LIBOR 50,000 1.382 % (405) 01/2027 Unsecured term loan Cash Flow LIBOR 25,000 1.398 % (222) 01/2027 Total Derivative Liabilities $ 310,000 $ (2,712) The effect of derivative financial instruments on our consolidated statements of operations and comprehensive income for the years ended December 31, 2022 and 2021 is summarized as follows: Amount of Gain (Loss) Location of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Derivatives in Cash Flow Hedging Relationship Year Ended December 31, Year Ended December 31, 2022 2021 2022 2021 (In thousands) (In thousands) Interest rate contracts - assets $ 23,093 $ — Interest Expense $ (1,265) $ — Interest rate contracts - liabilities 2,477 15,906 Interest Expense 235 (4,150) Total $ 25,570 $ 15,906 Total $ (1,030) $ (4,150)

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2022, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2023 $ 150,012 2024 136,302 2025 115,937 2026 96,986 2027 73,029 Thereafter 194,778 Total $ 767,044 We recognized rental income related to variable lease payments of $44.1 million and $47.8 million for the years ended December 31, 2022 and 2021 , respectively . Substantially all of the assets included as income producing properties, net on the consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of December 31, 2022 , the Company’s wholly owned portfolio was 93.6% leased. Expenses We have operating leases for our corporate office in New York, New York and our Southfield, Michigan office, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five year renewal and our operating lease in Southfield includes two additional five year renewals which are all exercisable at our option. We also have an operating ground lease at Centennial Shops located in Edina, Minnesota which includes rent escalations throughout the lease period and expires in April 2105. In addition, we have a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs that expires in December 2032. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight-line basis over the lease term. The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2022 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 652 604 581 Finance lease cost Interest Expense 43 46 48 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2022 December 31, 2021 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 17,269 $ 17,934 Finance lease asset Land 10,095 10,095 Total leased assets $ 27,364 $ 28,029 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,016 $ 17,431 Finance lease liability Finance lease liability 763 821 Total lease liabilities $ 17,779 $ 18,252 Weighted Average Remaining Lease Terms Operating leases 73 years 71 years Finance lease 10 years 11 years Weighted Average Incremental Borrowing Rate Operating leases 6.22 % 6.16 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,565 $ 1,504 Operating cash flows from finance lease 42 46 Financing cash flows from finance lease 58 54 Maturities of lease liabilities as of December 31, 2022 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2023 $ 1,496 $ 100 2024 1,118 100 2025 1,048 100 2026 1,093 100 2027 1,108 100 Thereafter 92,228 500 Total lease payments $ 98,091 $ 1,000 Less imputed interest (81,075) (237) Total $ 17,016 $ 763
Leases	Leases Revenues Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2022, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2023 $ 150,012 2024 136,302 2025 115,937 2026 96,986 2027 73,029 Thereafter 194,778 Total $ 767,044 We recognized rental income related to variable lease payments of $44.1 million and $47.8 million for the years ended December 31, 2022 and 2021 , respectively . Substantially all of the assets included as income producing properties, net on the consolidated balance sheets, relate to our portfolio of wholly owned shopping centers, in which we are the lessor under operating leases with our tenants. As of December 31, 2022 , the Company’s wholly owned portfolio was 93.6% leased. Expenses We have operating leases for our corporate office in New York, New York and our Southfield, Michigan office, that expire in January 2024 and December 2024, respectively. Our operating lease in New York includes an additional five year renewal and our operating lease in Southfield includes two additional five year renewals which are all exercisable at our option. We also have an operating ground lease at Centennial Shops located in Edina, Minnesota which includes rent escalations throughout the lease period and expires in April 2105. In addition, we have a finance ground lease at our Buttermilk Towne Center with the City of Crescent Springs that expires in December 2032. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expenses for these leases on a straight-line basis over the lease term. The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2022 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 652 604 581 Finance lease cost Interest Expense 43 46 48 Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2022 December 31, 2021 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 17,269 $ 17,934 Finance lease asset Land 10,095 10,095 Total leased assets $ 27,364 $ 28,029 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,016 $ 17,431 Finance lease liability Finance lease liability 763 821 Total lease liabilities $ 17,779 $ 18,252 Weighted Average Remaining Lease Terms Operating leases 73 years 71 years Finance lease 10 years 11 years Weighted Average Incremental Borrowing Rate Operating leases 6.22 % 6.16 % Finance lease 5.23 % 5.23 % Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,565 $ 1,504 Operating cash flows from finance lease 42 46 Financing cash flows from finance lease 58 54 Maturities of lease liabilities as of December 31, 2022 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2023 $ 1,496 $ 100 2024 1,118 100 2025 1,048 100 2026 1,093 100 2027 1,108 100 Thereafter 92,228 500 Total lease payments $ 98,091 $ 1,000 Less imputed interest (81,075) (237) Total $ 17,016 $ 763

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The following table sets forth the computation of basic earnings per share (“EPS”): Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Net income (loss) $ 85,657 $ 70,264 $ (10,474) Net (income) loss attributable to noncontrolling interest (1,607) (1,625) 241 Preferred share dividends (6,701) (6,701) (6,701) Allocation of income to restricted share awards (956) (498) (136) Net income (loss) available to common shareholders $ 76,393 $ 61,440 $ (17,070) Weighted average shares outstanding, Basic 84,231 81,083 79,998 Earnings (Loss) per common share, Basic $ 0.91 $ 0.76 $ (0.21) The following table sets forth the computation of diluted EPS: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Net income (loss) $ 85,657 $ 70,264 $ (10,474) Net (income) loss attributable to noncontrolling interest (1,607) (1,625) 241 Preferred share dividends (6,701) (6,701) (6,701) Allocation of income to restricted share awards (956) (498) (136) Net income (loss) available to common shareholders $ 76,393 $ 61,440 $ (17,070) Weighted average shares outstanding, Basic 84,231 81,083 79,998 Dilutive effect of securities using the treasury method (1) 1,243 1,215 — Weighted average shares outstanding, Diluted 85,474 82,298 79,998 Earnings (Loss) per common share, Diluted $ 0.89 $ 0.75 $ (0.21) (1) The Company uses the treasury stock method to determine the dilution resulting from restricted stock awards and forward sales under the Current ATM Program during the period of time prior to settlement. For each period, the amount of securities determined using the treasury stock method is not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive. We exclude certain securities from the computation of diluted earnings per share. The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (in thousands): Year Ended December 31, 2022 2021 2020 Issued Converted Issued Converted Issued Converted Operating Partnership Units 1,604 1,604 1,755 1,755 1,909 1,909 Series D Preferred Shares 1,849 7,017 1,849 7,017 1,849 7,017 Restricted Stock Awards — — — — 1,571 496 3,453 8,621 3,604 8,772 5,329 9,422

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Underwritten public offerings We did not complete any underwritten public offerings in 2022, 2021 or 2020. Equity Distribution Agreement In February 2020, the Company entered into an Equity Distribution Agreement (“2020 Equity Distribution Agreement”) pursuant to which the Company could offer and sell, from time to time, the Company's common shares having an aggregate gross sales price of up to $100.0 million (the “Prior ATM Program”). During the year ended December 31, 2022, the Company entered into forward sale agreements under the Prior ATM Program to sell an aggregate of 75,000 shares of common shares. During the year ended December 31, 2022, the Company settled all forward sale agreements under the Prior ATM Program, receiving $1.0 million of gross proceeds before issuance costs, which were used for working capital and general corporate purposes. In February 2022, the Company entered into an Equity Distribution Agreement (“2022 Equity Distribution Agreement”) pursuant to which the Company may offer and sell, from time to time, the Company's common shares having an aggregate gross sales price of up to $150.0 million (the “Current ATM Program”). In connection with the establishment of the Current ATM Program, the 2020 Equity Distribution Agreement was terminated effective February 18, 2022, and there will be no future issuances under the Prior ATM Program. Under the Current ATM Program, sales of the shares of common shares may be made, in the Company's discretion, from time to time in “at-the-market” offerings as defined in Rule 415 of the Securities Act of 1933, as amended. The 2022 Equity Distribution Agreement also provides that the Company may enter into forward sale agreements for shares of its common shares with forward sellers and forward purchasers. During the year ended December 31, 2022, the Company entered into forward sale agreements to sell an aggregate of 1,226,271 shares of its common stock, at a weighted average offering price of $13.85, before discounts and offering expenses. The Company subsequently settled all shares pursuant to these forward sale agreements, receiving $17.0 million of gross proceeds before issuance costs, which were used for working capital and general corporate purposes. As of December 31, 2022, $133.0 million of common shares remained available for issuance under the Current ATM Program. Non-Controlling Interests As of December 31, 2022, 2021 and 2020, we had 1,604,394, 1,754,842, and 1,909,018 of OP Units outstanding, respectively. OP Unit holders are entitled to exchange their units for our common shares on a 1:1 basis or for cash. The form of payment is at our election. During 2022, there were no units converted for cash and 150,448 OP Units converted for common shares. During 2021 there were 13,830 units converted for cash in the amount of $0.2 million, and 140,346 units converted for common shares. During 2020 there were no unit conversions. Preferred Shares As of December 31, 2022, 2021 and 2020 we had 1,848,539 shares of 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest (“Preferred Shares”) outstanding that have a liquidation preference of $50 per share and a par value of $0.01 per share. The Preferred Shares were convertible at any time by the holders to our common shares at a conversion rate of $13.17 as of December 31, 2022, 2021 and 2020. The conversion rate is adjusted quarterly. The Preferred Shares are also convertible under certain circumstances at our election. The holders of the Preferred Shares have no voting rights. At December 31, 2022, 2021, and 2020, the Preferred Shares were convertible into approximately 7.0 million shares of common stock. The following table provides a summary of dividends declared and paid per share: Year Ended December 31, 2022 2021 2020 Declared Paid Declared Paid Declared Paid Common shares $ 0.520 $ 0.510 $ 0.390 $ 0.270 $ 0.220 $ 0.440 Preferred shares $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 A summary of the income tax status of dividends per share paid is as follows: Year Ended December 31, 2022 2021 2020 Common shares Qualified dividend $ 0.020 $ 0.011 $ — Section 199A dividend (1) 0.409 0.043 0.391 Ordinary dividend $ 0.429 $ 0.054 $ 0.391 Capital gain distribution 0.066 — — Non-dividend distribution 0.015 0.216 0.049 $ 0.510 $ 0.270 $ 0.440 Perpetual preferred shares Qualified dividend $ 0.145 $ 0.737 $ — Section 199A dividend (1) 2.997 2.888 3.625 Ordinary dividend $ 3.142 $ 3.625 $ 3.625 Capital gain distribution 0.483 — — $ 3.625 $ 3.625 $ 3.625 (1) Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code if 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends". The fourth quarter Common shares and Preferred Shares distribution for 2022 which was paid on January 2, 2023, has been treated as paid on January 2, 2023 for income tax purposes. The fourth quarter Common shares and Preferred Shares distribution for 2021, which was paid on January 3, 2022, has been treated as paid on January 3, 2022 for income tax purposes. The fourth quarter Preferred Shares distribution for 2020, which was paid on January 4, 2021 has been treated as paid on January 4, 2021 for income tax purposes. Dividend reinvestment plan We have a dividend reinvestment plan that allows for participating shareholders to have their dividend distributions automatically invested in additional common shares based on the average price of the shares acquired for the distribution.

Share-Based Compensation and Ot

Share-Based Compensation and Other Benefit Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation and Other Benefit Plans	Share-Based Compensation and Other Benefit Plans Incentive, Inducement and Stock Option Plans As of December 31, 2022, we have two share-based compensation plans in effect: 1) the Amended and Restated 2019 Omnibus Long-Term Incentive Plan (“2019 LTIP”) and 2) the Inducement Incentive Plan (“Inducement Plan”). The 2019 LTIP is administered by the compensation committee of the Board (the “Compensation Committee”). The 2019 LTIP provides for the award to our trustees, officers, employees and other service providers of restricted shares, restricted share units, options to purchase shares, share appreciation rights, unrestricted shares, and other awards to acquire up to an aggregate of 5.1 million common shares of beneficial interest plus any shares that become available under the 2012 Omnibus Long-Term Incentive Plan (“2012 LTIP”) as a result of the forfeiture, expiration or cancellation of outstanding awards or any award settled in cash in lieu of shares under such plan. As of December 31, 2022, there were 2.1 million shares of beneficial interest available for issuance under the 2019 LTIP. The Inducement Plan was approved by the Board in April 2018 and under such plan the Compensation Committee may grant, subject to any Company performance conditions as specified by the Compensation Committee, restricted shares, restricted share units, options and other awards to individuals who were not previously employees or members of the Board as an inducement to the individual's entry into employment with the Company. The Inducement Plan allows us to issue up to 6.0 million common shares, of which 5.0 million common shares remained available for issuance as of December 31, 2022; however, we do not intend to make further awards under the Inducement Plan following adoption of the 2019 LTIP. The 2012 LTIP, which allowed for the grant of restricted shares, restricted share units, options and other awards to trustees, officers and other key employees, has been terminated except with respect to awards currently outstanding under the plan. We recognized total share-based compensation expense of $9.7 million, $8.1 million, and $6.3 million for 2022, 2021, and 2020, respectively. Restricted Stock Share-Based Compensation Under the 2012 LTIP, Inducement Plan and 2019 LTIP, the Company has made grants of service-based restricted shares, performance-based cash awards and performance-based equity awards. The service-based restricted share awards to employees vest over three years or five years and the compensation expense is recognized on a graded vesting basis. The service-based restricted share awards to trustees vest over one year. We recognized expense related to service-based restricted share grants of $4.2 million for the year ended December 31, 2022, $4.1 million for year ended December 31, 2021 and $3.7 million for the year ended December 31, 2020. During the year ended December 31, 2022, we granted the following awards: • 351,116 shares of service-based restricted stock. The service-based awards were valued based on our closing stock price as of the grant date. The service-based restricted share awards to employees vest over three years and the compensation expense is recognized on a graded vesting basis. The service-based restricted share awards to trustees vest over one year; • Performance-based equity awards that are earned subject to a future performance measurement based on a three-year shareholder return peer comparison (“TSR Grants”). A summary of the activity of service-based restricted shares under the 2012 LTIP, the Inducement Plan and the 2019 LTIP for the years ended December 31, 2022, 2021 and 2020 is presented below: 2022 2021 2020 Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Outstanding, beginning of the year 849,547 $ 9.96 842,321 $ 9.75 449,643 $ 12.40 Granted 351,116 11.97 348,667 10.92 636,024 8.91 Vested (290,253) 11.85 (336,592) 10.47 (205,839) 12.38 Forfeited or expired (10,431) 12.05 (4,849) 8.22 (37,507) 12.78 Outstanding, end of the year 899,979 $ 10.11 849,547 $ 9.96 842,321 $ 9.75 As of December 31, 2022, we had 896,899 unvested service-based share awards outstanding under the 2019 LTIP and 3,080 unvested service-based share awards outstanding under the 2012 LTIP. We had no unvested service-based share awards outstanding under the Inducement Plan. These awards have various expiration dates through October 2025. The Company has TSR Grants that are either earned (1) subject to a future performance measurement based on a three-year shareholder return peer comparison or (2) subject to a future performance measurement based on the Company's stock price over a four-year performance period. Pursuant to ASC 718 – Stock Compensation, we determine the grant date fair value of TSR Grants that will be settled in equity based upon a Monte Carlo simulation model and recognize the compensation expense ratably over the requisite service period. These equity awards are not re-valued at the end of each quarter. The compensation cost will be recognized regardless of whether the performance criterion are met, provided the requisite service has been provided. We recognized compensation expense of $5.5 million, $3.6 million, and $2.4 million related to these performance awards recorded during the years ended December 31, 2022, 2021 and 2020, respectively. The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table: Year Ended December 31, 2022 2021 2020 Closing share price $11.95 - $12.71 $10.45 $5.03 - $13.09 Expected dividend rate —% —% —% - 6.7% Expected stock price volatility 58.5% - 61.6% 57.1% 23.3% - 46.2% Risk-free interest rate 1.4% - 2.8% 0.2% 0.3% - 0.9% Expected life (years) 2.59 - 2.84 2.88 2.85 - 4.18 The Company also determines the grant date value of the TSR Grants that will be settled in cash, and any subsequent re-measurements, based upon a Monte Carlo simulation model. We will recognize the compensation expense ratably over the requisite service periods. We are required to re-value the cash awards at the end of each quarter using the same methodology as was used at the initial grant date and adjust the compensation expense accordingly. If at the end of the measurement period the performance criterion is not met, compensation expense related to the cash awards previously recognized would be reversed. As of December 31, 2021, the future performance measurement period had been completed for all outstanding TSR Grants that will be settled in cash, and as such, there was no Monte Carlo simulation models performed. We recognized compensation expense of $0.4 million and $0.2 million related to these performance awards recorded during the years ended December 31, 2021 and 2020, respectively. As of December 31, 2022, we had $12.8 million of total unrecognized compensation expense related to unvested restricted shares and performance based equity awards. This expense is expected to be recognized over a weighted-average period of 1.9 years. Stock Option Share-Based Compensation When we grant options, the fair value of each option granted, used in determining the share-based compensation expense, is estimated on the date of grant using the Black-Scholes option-pricing model. This model incorporates certain assumptions for inputs including risk-free rates, expected dividend yield of the underlying common shares, expected option life and expected volatility. No options were granted under any of our plans in the years ended December 31, 2022, 2021 and 2020. Other Benefit Plan The Company has a defined contribution profit sharing plan and trust (the “ Plan ” ) with a qualified cash or deferred 401(k) arrangement covering all employees. Participation in the Plan is discretionary for all full-time employees who have attained the age of 21. The entry date eligibility is the first pay date of a quarter following the date of hire. Our expense was approximately $0.3 million, $0.2 million and $0.2 million for each of the years ended December 31, 2022, 2021 and 2020, respectively.

Taxes

Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Taxes	Taxes Income Taxes We conduct our operations with the intent of meeting the requirements applicable to a REIT under sections 856 through 860 of the Code. In order to maintain our qualification as a REIT, we and our subsidiary REITs are required to distribute annually at least 90% of our REIT taxable income, excluding net capital gain, to our shareholders. As long as we qualify as a REIT, we will generally not be liable for federal corporate income taxes. Certain of our operations, including property management and asset management, as well as ownership of certain land, are conducted through our TRSs which allows us to provide certain services and conduct certain activities that are not generally considered as qualifying REIT activities. Deferred tax assets and liabilities reflect the impact of temporary differences between the amounts of assets and liabilities for financial reporting purposes and the bases of such assets and liabilities as measured by tax laws. Deferred tax assets are reduced by a valuation allowance to the amount where realization is more likely than not assured after considering all available evidence, including expected taxable earnings and potential tax planning strategies. Our temporary differences primarily relate to deferred compensation, depreciation, impairment charges and net operating loss carryforwards. As of December 31, 2022, we had a federal and state deferred tax asset of $6.8 million and a valuation allowance of $6.8 million, which represents a decrease of $1.8 million from December 31, 2021. Our deferred tax assets, such as net operating losses and land basis differences, are reduced by an offsetting valuation allowance where there is uncertainty regarding their realizability. We believe that it is more likely than not that the results of future operations will not generate sufficient taxable income to recognize the deferred tax assets. These future operations are primarily dependent upon the profitability of our TRSs, the timing and amounts of gains on land sales, and other factors affecting the results of operations of the TRSs. If in the future we are able to conclude it is more likely than not that we will realize a future benefit from a deferred tax asset, we will reduce the related valuation allowance by the appropriate amount. The first time this occurs, it will result in a net deferred tax asset on our balance sheet and an income tax benefit of equal magnitude in our consolidated statement of operations and comprehensive income in the period we made the determination. For the year ended December 31, 2022, we recorded an income tax provision of $0.1 million. For the year ended December 31, 2021, we recorded an income tax benefit of $0.1 million. Income tax benefit for the year ended December 31 2020, was negligible. We had no unrecognized tax benefits as of or during the three year period ended December 31, 2022. We expect no significant increases or decreases in unrecognized tax benefits due to changes in tax positions within one year of December 31, 2022. No material interest or penalties relating to income taxes were recognized in the statement of operations for the years ended December 31, 2022, 2021, and 2020 or in the consolidated balance sheets as of December 31, 2022, 2021, and 2020. It is our accounting policy to classify interest and penalties relating to unrecognized tax benefits as tax expense. As of December 31, 2022, returns for the calendar years 2019 through 2022 remain subject to examination by the Internal Revenue Service (“IRS”) and various state and local tax jurisdictions. As of December 31, 2022, certain returns for calendar year 2018 also remain subject to examination by various state and local tax jurisdictions. Sales Tax We collect various taxes from tenants and remit these amounts, on a net basis, to the applicable taxing authorities.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Construction Costs In connection with the development and expansion of various shopping centers as of December 31, 2022, we had entered into agreements for construction costs of approximately $6.4 million. Litigation We are currently involved in certain litigation arising in the ordinary course of business. We are not aware of any matters that would have a material effect on our consolidated financial statements. Development Obligations As of December 31, 2022, the Company has $1.6 million of development related obligations that require annual payments through December 2032. Guarantee A redevelopment agreement was entered into between the City of Jacksonville, the Jacksonville Economic Development Commission and the Company, to construct and develop River City Marketplace in 2005. As part of the agreement, the city agreed to finance up to $12.2 million of bonds. Repayment of the bonds is to be made in accordance with a level-payment amortization schedule over 20 years, and repayments are made out of tax revenues generated by the redevelopment. The remaining debt service payments due over the life of the bonds, including principal and interest, are $5.7 million. As part of the redevelopment, the Company executed a guaranty agreement whereby the Company would fund debt service payments if incremental revenues were not sufficient to fund repayment. There have been no payments made by the Company under this guaranty agreement to date. Environmental Matters We are subject to numerous federal, state and local environmental laws, ordinances and regulations in the areas where we own or operate properties. We are not aware of any contamination which may have been caused by us or any of our tenants that would have a material effect on our consolidated financial statements. As part of our risk management activities, we have applied and been accepted into state sponsored environmental programs which will expedite and assure satisfactory compliance with environmental laws and regulations should contaminants need to be remediated. We also have an environmental insurance policy that covers us against third party liabilities and remediation costs. While we believe that we do not have any material exposure to environmental remediation costs, we cannot give absolute assurance that changes in the law or new discoveries of contamination will not result in additional liabilities to us.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events We have evaluated subsequent events through the date that the consolidated financial statements were issued. Subsequent to December 31, 2022 , the Company separately borrowed $12.0 million and made repayments of $4.0 million on its revolving credit facility.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS December 31, 2022 (in thousands of dollars) Balance at Beginning of Year Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Year For the Year Ended December 31, 2022 Allowance for Doubtful Accounts $ 13,107 1,064 (5,678) — $ 8,493 Straight Line Rent Reserve $ 4,504 (1,214) — — $ 3,290 For the Year Ended December 31, 2021 Allowance for Doubtful Accounts $ 12,996 2,450 (2,339) — $ 13,107 Straight Line Rent Reserve $ 4,091 522 (109) — $ 4,504 For the Year Ended December 31, 2020 Allowance for Doubtful Accounts $ 1,037 12,884 (925) — $ 12,996 Straight Line Rent Reserve $ 1,825 2,721 (455) — $ 4,091

Schedule III - Summary of Real

Schedule III - Summary of Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Summary of Real Estate and Accumulated Depreciation	SCHEDULE III SUMMARY OF REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 (in thousands of dollars) INITIAL COST Capitalized Subsequent to GROSS AMOUNTS AT WHICH Property Location Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date Constructed Date Acquired Bellevue Plaza TN $ — $ 2,061 $ 6,544 $ 529 $ 2,061 $ 7,073 $ 9,134 $ 391 2002 2021 Bridgewater Falls OH — 9,831 76,446 (199) 9,831 76,247 86,078 18,551 2005/2007 2014 Brookline MA — 1,592 3,146 38 1,592 3,184 4,776 53 1990/2015 2022 Buttermilk Towne Center KY — 13,249 21,103 (652) 10,095 23,605 33,700 6,811 2005 2014 Centennial Shops MN — — 29,639 574 — 30,213 30,213 6,347 2008 2016 Central Plaza MO — 10,250 10,909 2,574 10,250 13,483 23,733 3,767 1970 2012 Clinton Pointe MI — 1,175 10,499 2,025 1,176 12,523 13,699 5,820 1992 2003 Crofton Centre MD — 8,012 22,774 1,547 8,012 24,321 32,333 5,025 1974 2015 Cypress Point FL — 2,968 17,637 2,359 2,968 19,996 22,964 5,674 1983 2013 Deer Creek Shopping Center MO — 6,070 18,105 2,407 6,070 20,512 26,582 6,135 1970's/2013 2013 Deer Grove Centre IL — 8,408 8,197 4,457 7,873 13,189 21,062 5,959 1997 2013 Deerfield Towne Center OH — 6,868 78,551 9,130 6,868 87,681 94,549 24,365 2004/2007 2013 Front Range Village CO — 19,413 80,600 14,991 20,295 94,709 115,004 21,431 2008 2014 Heritage Place MO — 13,899 22,506 4,554 13,899 27,060 40,959 10,018 1989 2011 Highland Lakes FL — 4,714 9,378 679 4,714 10,057 14,771 369 1979 2021 Holcomb Center GA — 658 5,953 3,906 658 9,859 10,517 5,642 1986 1996 Hunters Square MI — 7,673 52,774 6,447 7,577 59,317 66,894 17,645 1988 2013 Lakehills Plaza TX — 17,987 12,828 254 17,988 13,081 31,069 1,509 1980/2019 2019 Lakeland Park Center FL — 15,365 — 40,770 16,119 40,016 56,135 10,699 2014 2008 Marketplace of Delray FL — 7,922 18,910 (1,071) 6,378 19,383 25,761 5,812 1981/2010 2013 Merchants' Square IN — 4,997 18,346 5,557 4,453 24,447 28,900 9,313 1970 2010 Nagawaukee Shopping Center WI 3,290 7,549 30,898 4,478 7,517 35,408 42,925 9,989 1994/2004/2008 2012/2013 Newnan Pavillion GA — 6,550 23,581 884 6,550 24,465 31,015 1,850 1998/2013 2021 Northborough Crossing MA — 7,568 17,504 2,962 7,568 20,466 28,034 1,094 2011 2021 Olentangy Plaza OH — 4,283 20,774 3,664 4,283 24,438 28,721 6,178 1981 2015 Parkway Shops FL — 3,145 — 21,389 5,827 18,707 24,534 5,424 2013 2008 Peachtree Hill GA — 7,517 17,062 (7,509) 6,134 10,936 17,070 2,409 1986 2015 Promenade at Pleasant Hill GA — 3,891 22,520 7,509 3,330 30,590 33,920 13,971 1993 2004 Providence Marketplace TN — 22,171 85,657 (1,147) 22,088 84,593 106,681 14,853 2006 2017 River City Marketplace FL — 19,768 73,859 3,808 11,087 86,348 97,435 31,958 2005 2005 Shoppes of Lakeland FL — 5,503 20,236 2,586 5,236 23,089 28,325 5,943 1985 1996 Southfield Plaza MI — 1,121 10,777 1,403 1,121 12,180 13,301 8,763 1969 1996 Spring Meadows Place OH — 2,646 16,758 15,946 4,539 30,811 35,350 16,334 1987 1996 The Crossings NH — 17,283 72,043 — 17,283 72,043 89,326 2,038 1974/2006/2017 2022 Treasure Coast Commons FL — 2,924 10,644 1,217 2,924 11,861 14,785 3,791 1996 2013 Village Lakes Shopping Center FL — 862 7,768 8,428 862 16,196 17,058 8,817 1987 1997 INITIAL COST Capitalized Subsequent to GROSS AMOUNTS AT WHICH Property Location Encumbrances Land Building & Improvements Land Building & Improvements Total Accumulated Depreciation Date Constructed Date Acquired Vista Plaza FL — 3,667 16,769 776 3,667 17,545 21,212 4,640 1998 2013 West Broward FL — 5,339 11,521 (848) 4,610 11,402 16,012 2,763 1965 2013 West Allis Towne Centre WI — 1,866 16,789 16,622 1,866 33,411 35,277 16,711 1987 1996 West Oaks I MI — 1,058 17,173 21,316 2,826 36,721 39,547 15,157 1979 1996/2018 West Oaks II MI — 1,391 12,519 8,822 1,315 21,417 22,732 12,324 1986 1996 Winchester Center MI — 5,667 18,559 7,867 5,517 26,576 32,093 7,318 1980 2013 Woodbury Lakes MN — 10,411 55,635 28,229 10,411 83,864 94,275 20,933 2005 2014 Woodstock Square GA — 6,624 27,184 954 6,624 28,138 34,762 1,396 2001 2021 Land Held for Future Development (1) Various — 28,266 14,026 (18,673) 17,998 5,621 23,619 46 N/A N/A TOTALS $ 3,290 $ 340,182 $ 1,145,101 $ 231,559 $ 320,060 $ 1,396,782 $ 1,716,842 $ 386,036 (1) Primarily in Hartland, MI, Lakeland, FL and Jacksonville, FL. SCHEDULE III REAL ESTATE INVESTMENT AND ACCUMULATED DEPRECIATION December 31, 2022 Year ended December 31, 2022 2021 2020 (In thousands) Reconciliation of total real estate carrying value: Balance at beginning of year $ 1,874,967 $ 1,855,549 $ 1,860,382 Additions during period: Acquisition 94,064 155,032 — Improvements 24,188 23,934 18,663 Deductions during period: Cost of real estate sold/written off (275,446) (141,343) (22,898) Impairment — (17,201) (598) Reclassification to held for sale (931) (1,004) — Balance at end of year $ 1,716,842 $ 1,874,967 $ 1,855,549 Reconciliation of accumulated depreciation: Balance at beginning of year $ 422,270 $ 392,301 $ 352,006 Depreciation Expense 54,474 54,643 54,253 Cost of real estate sold/written off (89,777) (23,670) (13,958) Reclassification to held for sale (931) (1,004) — Balance at end of year $ 386,036 $ 422,270 $ 392,301 Aggregate cost for federal income tax purposes $ 1,804,617 $ 1,944,380 $ 1,923,056

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	The consolidated financial statements include the accounts of us and our majority owned subsidiary, RPT Realty, L.P., a Delaware limited partnership (the “Operating Partnership” which was 98.2% and 98.0% owned by the Company at December 31, 2022 and 2021, respectively), and all wholly-owned subsidiaries, including entities in which we have a controlling interest or have been determined to be the primary beneficiary of a variable interest entity (“VIE”). The presentation of consolidated financial statements does not itself imply that assets of any consolidated entity (including any special-purpose entity formed for a particular project) are available to pay the liabilities of any other consolidated entity, or that the liabilities of any other consolidated entity (including any special-purpose entity formed for a particular project) are obligations of any other consolidated entity. Investments in real estate joint ventures over which we have the ability to exercise significant influence, but for which we do not have financial or operating control, are accounted for using the equity method of accounting. Accordingly, our share of the earnings (loss) of these joint ventures is included in consolidated net income (loss). All intercompany transactions and balances are eliminated in consolidation. We own 100% of the non-voting and voting common stock of RPT Realty, Inc., and therefore it is included in the consolidated financial statements. RPT Realty, Inc. has elected to be a taxable REIT subsidiary for federal income tax purposes. RPT Realty, Inc. provides property management services to us and to other entities, including certain real estate joint venture partners.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and reported amounts that are not readily apparent from other sources.  Actual results could differ from those estimates.
Revenue Recognition and Accounts Receivable	Our shopping center space is generally leased to retail tenants under leases that are classified as operating leases. We recognize minimum rents using the straight-line method over the terms of the leases commencing when the tenant takes possession of the space or when construction of landlord funded improvements is substantially complete. Certain of the leases also provide for contingent percentage rental income which is recorded on an accrual basis once the specified target that triggers this type of income is achieved. The leases also provide for reimbursement from tenants for common area maintenance, insurance, real estate taxes and other operating expenses (“recovery income”). The majority of our recovery income is estimated and recognized as revenue in the period the recoverable costs are incurred or accrued. Revenues from management, leasing, and other fees are recognized in the period in which the services have been provided and the earnings process is complete. Lease termination income is recognized when a lease termination agreement is executed by the parties and the tenant vacates the space. When a lease is terminated early but the tenant continues to control the space under a modified lease agreement, the lease termination fee is generally recognized evenly over the remaining term of the modified lease agreement. Current accounts receivable from tenants primarily relate to contractual minimum rent, percentage rent and recovery income. In accordance with ASC 842, income from operating leases is recognized on a straight-line basis over the expected term of the lease for all leases for which collectibility is considered probable at the commencement date. We monitor the collectability of our accounts receivable from specific tenants on an ongoing basis, analyze historical experience, tenant creditworthiness, current economic trends and changes in tenant payment terms when evaluating the likelihood of tenant payment. For operating leases in which collectibility of rental income is not considered probable, rental income is recognized on the lesser of cash or accrual basis, and allowances are taken for those balances that we have reason to believe may be uncollectible in the period it is determined not to be probable of collection. When tenants are in bankruptcy, we make estimates of the expected recovery of pre-petition and post-petition claims. The period to resolve these claims can exceed one year. Management believes the allowance for doubtful accounts is adequate to absorb currently estimated rental income not probable of collection. However, if we experience actual activity in excess of the allowance we have established, our operating income would be reduced. At December 31, 2022 and 2021, our accounts receivable were $19.9 million and $24.0 million, respectively, net of allowances for doubtful accounts of $8.5 million and $13.1 million, respectively. In addition, many of our leases contain non-contingent rent escalations for which we recognize income on a straight-line basis over the non-cancelable lease term. This method results in rental income in the early years of a lease being higher than actual cash received, creating a straight-line rent receivable asset which is included in the “Other assets, net” line item in our consolidated balance sheets. We review our unbilled straight-line rent receivable balance to determine the future collectability of revenue that will not be billed to or collected from tenants due to early lease terminations, lease modifications, bankruptcies and other factors. Our evaluation is based on our assessment of tenant credit risk changes indicating that expected future straight-line rent may not be realized. Depending on circumstances, we may provide a reserve against the previously recognized straight-line rent receivable asset for a portion, up to its full value, that we estimate may not be received. The balance of straight-line rent receivable at December 31, 2022 and 2021, net of allowances of $3.3 million and $4.5 million, respectively, was $15.6 million and $16.2 million, respectively. To the extent any of the tenants under these leases become unable to pay its contractual cash rents, we may be required to write down the straight-line rent receivable from that tenant, which would reduce our operating income.
Real Estate	Real estate assets that we own directly are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method. The estimated useful lives for computing depreciation are generally 10 – 40 years for buildings and improvements and 5 – 30 years for parking lot surfacing and equipment. We capitalize all capital improvement expenditures associated with replacements and improvements to real property that extend the property's useful life and depreciate them over their estimated useful lives ranging from 15 – 25 years. In addition, we capitalize qualifying tenant leasehold improvements and depreciate them over the lesser of the useful life of the improvements or the term of the related tenant lease. We also capitalize direct internal and external costs of procuring leases and amortize them over the base term of the lease. If a tenant vacates before the expiration of its lease, we charge unamortized leasing costs and undepreciated tenant leasehold improvements of no future value to expense. We charge maintenance and repair costs that do not extend an asset’s life to expense as incurred. Sale of a real estate asset is recognized when (i) the parties to the sale contract have approved the contract and are committed to perform their respective obligations, (ii) the Company can identify each party’s rights regarding the property to be transferred, (iii) the Company can identify the payment terms for the property transferred, (iv) the contract has commercial substance (that is, the risk, timing or amount of the entity’s future cash flows is expected to change as a result of the contract), (v) it is probable that the Company will collect substantially all of the consideration to which it will be entitled, and (vi) the Company has satisfied its performance obligations by transferring control of the property. Typically, the timing of payment and satisfaction of performance obligations occur simultaneously on the disposition date upon transfer of the property’s ownership. We will classify properties as held for sale when the following criteria are met: (i) management, having the authority to approve the action, commits to a plan to sell a property (or group of properties), (ii) the property is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such properties, (iii) an active program to locate a buyer and other actions required to complete the plan to sell the property have been initiated, (iv) the sale of the property is probable and transfer of the asset is expected to be completed within one year, (v) the property is being actively marketed for sale at a price that is reasonable in relation to its current fair value and (vi) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Properties held-for-sale are carried at the lower of cost or fair value less costs to sell. Acquisitions of properties are accounted for utilizing the acquisition method and, accordingly, the results of operations of an acquired property are included in our results of operations from the date of acquisition. Estimates of fair values are based upon future cash flows and other valuation techniques in accordance with our fair value measurements policy, which are used to allocate the purchase price of acquired property among land, buildings, tenant improvements, and identifiable intangibles. Identifiable intangible assets and liabilities include the effect of above and below-market leases, the value of having leases in place (“as-is” versus “as if vacant” and absorption costs), other intangible assets such as assumed tax increment revenue bonds and out-of-market assumed mortgages. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of 40 years for buildings, and over the remaining terms of any intangible asset contracts and the respective tenant leases, which may include bargain renewal options. The impact of these estimates, including estimates in connection with acquisition values and estimated useful lives, could result in significant differences related to the purchased assets, liabilities and subsequent depreciation or amortization expense. Real estate also includes costs incurred in the development of new operating properties and the redevelopment of existing operating properties. These properties are carried at cost and no depreciation is recorded on these assets until the commencement of rental revenue or no later than one year from the completion of major construction. These costs include pre-development costs directly identifiable with the specific project, development and construction costs, interest, real estate taxes and insurance. Interest is capitalized on land under development and buildings under construction based on the weighted average rate applicable to our borrowings outstanding during the period and the weighted average balance of qualified assets under development/redevelopment during the period. Indirect project costs associated with development or construction of a real estate project are capitalized until the earlier of one year following substantial completion of construction or when the property becomes available for occupancy. The capitalized costs associated with development and redevelopment projects are depreciated over the useful life of the improvements. If we determine a development or redevelopment project is no longer probable, we expense all capitalized costs which are not recoverable. It is our policy to start vertical construction on new development projects only after the project has received entitlements, significant anchor leasing commitments, construction financing and joint venture partner commitments, if appropriate. We are in the entitlement and pre-leasing phases at our development projects.
Accounting for the Impairment of Long-Lived Assets	We review our investment in real estate, including any related intangible assets, for impairment on a property-by-property basis whenever events or changes in circumstances indicate that the carrying value of the property may not be recoverable. These changes in circumstances include, but are not limited to, changes in occupancy, rental rates, net operating income, real estate values and expected holding period. The viability of all projects under construction or development, including those owned by unconsolidated joint ventures, is regularly evaluated under applicable accounting requirements, including requirements relating to abandonment of assets or changes in use. To the extent a project, or individual components of the project, is no longer considered to have value, the related capitalized costs are charged against operations. Impairment provisions resulting from any event or change in circumstances, including changes in management’s intentions or management’s analysis of varying scenarios, could be material to our consolidated financial statements.
Investments in Real Estate Joint Ventures	We have two equity investments in unconsolidated joint venture entities in which we own 51.5% or less of the total ownership interest, one of which owns 13 multi-tenant shopping centers and one of which owns 48 net lease retail properties. Under all of our joint ventures, because we can influence but not make significant decisions without our partners' approval, these investments are accounted for under the equity method of accounting. We provide leasing, construction, development, asset and property management services to these joint ventures for which we are paid fees. We review our equity investments in unconsolidated entities for impairment on a venture-by-venture basis whenever events or changes in circumstances indicate that the carrying value of the equity investment may not be recoverable. In testing for impairment of these equity investments, we primarily use cash flow models, discount rates, and capitalization rates to estimate the fair value of properties held in joint ventures, and mark the debt of the joint ventures to market. Considerable judgment by management is applied when determining whether an equity investment in an unconsolidated entity is impaired and, if so, the amount of the impairment. Changes to assumptions regarding cash flows, discount rates or capitalization rates could be material to our consolidated financial statements.
Deferred Financing Costs	Debt issuance costs related to a recognized debt liability is presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Unamortized debt issuance costs of $5.3 million and $4.2 million are included in Notes payable, net as of December 31, 2022 and 2021, respectively. Debt issuance costs associated with a line of credit arrangement is classified as an asset and subsequently amortized ratably over the term of the line of credit arrangement, regardless of whether there are any outstanding borrowings on the line of credit arrangement. Unamortized debt issuance costs related to our revolving credit facility (as defined below) of $3.8 million and $1.2 million are included in Other assets, net as of December 31, 2022 and 2021, respectively.
Other Assets, net	Other assets, net consist primarily of deferred leasing costs, cash flow hedge mark-to-market assets, straight-line rent receivable, acquired development agreement intangibles, preferred equity investments, deferred financing costs related to our revolving credit facility and prepaid expenses. Deferred financing costs related to our revolving credit facility and leasing costs are amortized using the straight-line method over the terms of the respective agreements, which approximates the effective interest method. Should a tenant terminate its lease, the unamortized portion of the leasing cost is expensed. Unamortized deferred financing costs are expensed when the related agreements are terminated before their scheduled maturity dates.  Cash flow hedge mark-to-market assets are recorded at fair value on a recurring basis. Preferred equity investments are written down to fair value if the Company's qualitative assessment indicates that the investment is impaired and the fair value of the investment is less than its carrying value. Lastly, the acquired development agreements are amortized over the terms of the respective agreements.
Cash and Cash Equivalents	We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.  Cash balances in individual banks may exceed the federally insured limit by the Federal Deposit Insurance Corporation (the “FDIC”).
Recognition of Share-based Compensation Expense	We grant share-based compensation awards to employees and trustees in the form of restricted common shares and cash and equity settled awards, and in the past, we have granted stock options to employees and trustees.  Our share-based award costs are equal to each grant date fair value and are recognized over the service periods of the awards using the graded vesting method.  We recognize forfeitures related to stock awards and stock options as they occur.
Income Tax Status	We made an election, and believe our operating activities permit us to qualify as a REIT for federal income tax purposes.  Accordingly, we generally will not be subject to federal income tax, provided that we distribute at least 90% of our taxable income annually to our shareholders and meet other conditions.  We are obligated to pay state taxes, generally consisting of franchise or gross receipts taxes in certain states which are not material to our consolidated financial statements.Certain of our operations, including property and asset management, as well as ownership of certain land parcels, are conducted through taxable REIT subsidiaries, (“TRSs”) which are subject to federal and state income taxes.  During the years ended December 31, 2022, 2021, and 2020, we sold various properties and land parcels at a gain, resulting in both a federal and state tax liability.
Variable Interest Entities ("VIE")	Certain entities that do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties or in which equity investors do not have the characteristics of a controlling financial interest qualify as VIEs.  VIEs are required to be consolidated by their primary beneficiary.  The primary beneficiary of a VIE has both (i) the power to direct the activities that most significantly impact economic performance of the VIE, and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. We have evaluated our investments in joint ventures and determined that our joint ventures do not meet the requirements of a VIE and, therefore, consolidation of these ventures is not required.
Noncontrolling Interest in Subsidiaries	There are third parties who have certain noncontrolling interests in the Operating Partnership that are exchangeable for our common shares on a 1:1 basis or cash, at our election.  Noncontrolling interest is classified as a separate component of equity outside of the permanent equity section of our consolidated balance sheets.  Consolidated net income and comprehensive income includes the noncontrolling interest’s share.  The calculation of earnings per share is based on income available to common shareholders.
Segment Information	Our primary business is the ownership, management, redevelopment, development and operation of retail shopping centers.  We do not distinguish our primary business or group our operations on a geographical basis for purposes of measuring performance.  We review operating and financial data for each property on an individual basis and define an operating segment as an individual property.  The individual properties have been aggregated into one reportable segment based upon their similarities with regard to both the nature and economics of the centers, tenants and operational processes, as well as long-term financial performance.  No one individual property constitutes more than 10% of our revenue or property operating income and none of our shopping centers is located outside the United States.  Accordingly, we have a single reportable segment for disclosure purposes.
Recently Adopted and Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In July 2021, the FASB updated Accounting Standards Codification (“ASC”) Topic 842 “Leases” with ASU 2021-05 “Lessors-Certain Leases with Variable Lease Payments” (“ASU 2021-05”). ASU 2021-05 affects lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. ASU 2021-05 amends the lease classification requirements for lessors to align them with practice under Topic 840, whereby lessors classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease when certain criteria are met. ASU 2021-05 is effective for annual periods beginning after December 15, 2021, including interim periods within that fiscal year. The adoption of this standard did not have a material impact on our condensed consolidated financial statements, as the Company's customary lease terms do not result in sales-type or direct financing classifications, although future leases may. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”). In addition, the FASB subsequently issued ASU 2021-01 “Reference Rate Reform (Topic 848)” (“ASU 2021-01”) which further clarifies the optional expedients available, and issued ASU 2022-06 “Reference Rate Reform (Topic 848)” which extends the expiration date of the guidance in ASU 2020-04. ASU 2020-04, ASU 2021-01 and ASU 2022-06 provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. Therefore, it will be in effect for a limited time through December 31, 2024. The Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. During the year ended December 31, 2022, the Company amended each of its unsecured term loan facilities and revolving credit facility, as well as a portion of its interest rate swap agreements to replace LIBOR with SOFR as the reference rate. In accordance with ASU 2020-04, as amended, these amendments will be accounted for as non-substantial modifications. See Note 8 for more information regarding amendments made to the Company’s unsecured term loan facilities, revolving credit facility and senior unsecured notes. See Note 11 for more information regarding amendments made to the Company's interest rate swap agreements.
Fair Value	We utilize fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures.  Derivative instruments (interest rate swaps) are recorded at fair value on a recurring basis. Additionally, we, from time to time, may be required to record other assets at fair value on a nonrecurring basis.  As a basis for considering market participant assumptions in fair value measurements, GAAP establishes three fair value levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.  The assessed inputs used in determining any fair value measurement could result in incorrect valuations that could be material to our consolidated financial statements.
Derivatives Assets and Liabilities	All of our derivative instruments are interest rate swaps for which quoted market prices are not readily available. For those derivatives, we measure fair value on a recurring basis using valuation models that use primarily market observable inputs, such as yield curves. We classify derivative instruments as Level 2. Refer to Note 11 of notes to the consolidated financial statements for additional information on our derivative financial instruments.

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Land Held for Development	Following is the detail of the construction in progress and land available for development as of December 31, 2022 and 2021: December 31, 2022 2021 (In thousands) Construction in progress $ 14,614 $ 16,836 Land available for development 23,158 26,181 Total $ 37,772 $ 43,017

Property Acquisitions and Dis_2

Property Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Unconsolidated Joint Venture Property Acquisitions	The following table provides a summary of our acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (In thousands) (In thousands) 2022 The Crossings Newington, NH 510 4/04/22 $ 104,000 $ 105,153 $ — Brookline Village Brookline, MA 11 6/07/22 5,000 5,092 — Total acquisitions 521 $ 109,000 $ 110,245 $ — 2021 Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/07/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/05/21 41,550 42,034 — Highland Lakes Palm Harbor, FL 82 12/16/21 15,000 15,132 — Total acquisitions 1,491 $ 208,650 $ 202,584 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our R2G joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 Mary Brickell Village Miami, FL 199 7/07/22 $ 216,000 $ 212,421 $ — The Shops on Lane Avenue Upper Arlington, OH 184 10/27/22 80,800 80,721 — Troy Marketplace Troy, MI 249 10/27/22 81,900 79,521 — Total R2G acquisitions 632 $ 378,700 $ 372,663 $ — 2021 East Lake Woodlands Palm Harbor, FL 104 7/09/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Dedham Dedham, MA 510 10/07/21 131,500 126,812 — Total R2G acquisitions 1,215 $ 305,650 $ 301,864 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our RGMZ joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 RPT Realty - 2 Income Producing Properties Various (2) 132 3/22/22 $ 11,576 $ 11,679 $ (6,946) Single-Tenant Property Ridgeland, MS 2 4/01/22 2,200 2,315 (1,320) Ansonia Landing Ansonia, CT 91 5/03/22 14,000 14,238 (8,400) Walgreens Portfolio Various (3) 71 5/25/22 33,800 34,261 (20,897) RPT Realty - 1 Income Producing Property Northborough, MA 55 9/08/22 10,229 9,290 (6,649) Total RGMZ acquisitions 351 $ 71,805 $ 71,783 $ (44,212) 2021 RPT Realty - 13 Income Producing Properties Various (4) 169 3/05/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (5) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Mountain Valley Shopping Center Conway, NH 259 11/18/21 26,500 26,946 (15,900) RPT Realty - 4 Income Producing Properties Northborough, MA 268 12/17/21 64,560 64,912 (38,736) RPT Realty - 2 Income Producing Properties Mount Juliet, TN 10 12/30/21 3,645 3,708 (2,187) RPT Realty - 1 Income Producing Property Palatine, IL 20 12/31/21 5,000 5,047 (3,000) Total acquisitions 1,222 $ 217,532 $ 220,420 $ (130,519) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado and Georgia. (3) Net lease retail properties acquired are located in Louisiana and Michigan (4) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (5) Net lease retail properties acquired are located in Florida, Georgia, and Michigan.
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Year Ended December 31, 2022 2021 (In thousands) Land $ 18,875 $ 48,019 Buildings and improvements 75,189 107,013 Above market leases 2,167 26,303 Lease origination costs 17,933 28,012 Below market leases (3,919) (6,763) Net assets acquired $ 110,245 $ 202,584 Year Ended December 31, 2022 2021 (In thousands) Land $ 150,911 $ 50,824 Buildings and improvements 195,291 219,211 Above market leases 1,329 7,906 Lease origination costs 34,654 34,442 Operating lease right-of-use assets — 4,512 Below market leases (9,522) (8,231) Operating lease liabilities — (6,800) Net assets acquired $ 372,663 $ 301,864 Year Ended December 31, 2022 2021 (In thousands) Land $ 20,592 $ 82,265 Buildings and improvements 44,308 71,061 Above market leases 285 54,254 Lease origination costs 6,934 13,705 72,119 221,285 Mortgage debt assumed at fair value (19,187) — Below market leases (2,046) (865) Net assets acquired $ 50,886 $ 220,420
Schedule of Unaudited Pro Forma Information	Total revenue and income for the 2022 and 2021 acquisitions in our consolidated statement of operations for the years ended December 31, 2022 and 2021 were as follows: Year Ended December 31, 2022 2021 (in thousands) Consolidated revenue $ 23,859 $ 9,532 Consolidated net income available to common shareholders $ 3,402 $ 1,738
Summary of Unconsolidated Joint Venture Disposition Activity	The following table provides a summary of our disposition activity during 2022 : Gross Property Name Location Property/ Parcel Count GLA Acreage Date Sold Sales Gain on Sale (In thousands) (In thousands) 2022 Newnan Pavilion - Land Parcel (1) Newnan, GA 1 108 N/A 3/22/22 $ 4,576 $ 37 Front Range Village - Single-Tenant Property (1) Fort Collins, CO 1 24 N/A 3/22/22 7,000 3,417 Rivertowne Square Deerfield Beach, FL 1 144 N/A 6/07/22 18,750 11,382 Tel-Twelve Southfield, MI 1 194 N/A 7/21/22 45,000 6,461 Mount Prospect Plaza Mount Prospect, IL 1 228 N/A 8/18/22 34,600 2,628 Northborough Crossing - Outparcel (1) Northborough, MA 1 55 N/A 9/08/22 10,229 2,055 The Shops on Lane Avenue Upper Arlington, OH 1 184 N/A 10/27/22 80,800 27,198 Troy Marketplace Troy, MI 1 249 N/A 10/27/22 81,900 34,985 Total income producing dispositions 8 1,186 — $ 282,855 $ 88,163 Hartland Town Square - Outparcel Hartland, MI 1 N/A 0.7 3/31/22 $ 400 $ 93 Mount Prospect Plaza - Land parcel Mount Prospect, IL 1 N/A 0.1 5/16/22 203 161 Lakeland Park Center - Outparcel Lakeland, FL 1 N/A 1.0 10/17/22 1,000 181 Hartland Town Square - Outparcel Hartland, MI 1 N/A 1.0 12/08/22 675 340 Total land dispositions 4 — 2.8 $ 2,278 $ 775 Total dispositions 12 1,186 2.8 $ 285,133 $ 88,938 (1) We contributed net lease retail assets that were subdivided from wholly-owned shopping centers to RGMZ. The properties contributed included both income producing properties in which we owned the depreciable real estate, as well as income producing properties which are subject to a ground lease. Refer to Note 6 of these notes to the consolidated financial statements for additional information. The following table provides a summary of our disposition activity during 2021: Gross Property Name Location Property/ Parcel Count GLA Acreage Date Sold Sales Gain on Sale (In thousands) (In thousands) 2021 Buttermilk Towne Center - Land parcels (1) Crescent Springs, KY 2 107 N/A 3/05/21 $ 9,785 $ 3,809 Deer Grove - Outparcel (1) Palatine, IL 1 8 N/A 3/05/21 2,500 1,456 Front Range Village - Land parcel (1) Fort Collins, CO 1 5 N/A 3/05/21 2,750 1,709 Front Range Village - Outparcel (1) Fort Collins, CO 1 4 N/A 3/05/21 2,475 1,197 Merchants' Square - Outparcels (1) Carmel, IN 1 19 N/A 3/05/21 3,977 2,133 Promenade at Pleasant Hill - Land parcel (1) Duluth, GA 1 4 N/A 3/05/21 1,250 467 River City Marketplace - Land parcels (1) Jacksonville, FL 2 5 N/A 3/05/21 2,895 1,938 Rivertowne Square - Land parcel (1) Deerfield Beach, FL 1 3 N/A 3/05/21 3,270 2,272 Shoppes of Lakeland - Land parcel (1) Lakeland, FL 1 3 N/A 3/05/21 1,332 800 Shoppes of Lakeland - Outparcel (1) Lakeland, FL 1 7 N/A 3/05/21 1,200 289 West Broward - Land parcel (1) Plantation, FL 1 4 N/A 3/05/21 4,762 2,933 Tel-Twelve - Land parcels (1) Southfield, MI 2 329 N/A 5/21/21 39,334 34,216 Marketplace of Delray - Land parcels (1) Delray Beach, FL 3 12 N/A 8/27/21 7,960 6,700 Marketplace of Delray - Outparcels (1) Delray Beach, FL 4 17 N/A 8/27/21 8,046 5,192 Parkway Shops - Land parcel (1) Jacksonville, FL 1 26 N/A 8/27/21 2,622 930 Peachtree Hill - Outparcel (1) Duluth, GA 1 66 N/A 8/27/21 8,275 2,103 Promenade at Pleasant Hill - Outparcel (1) Duluth, GA 1 3 N/A 8/27/21 844 443 West Broward Shopping Center - Outparcel (1) Plantation, FL 1 15 N/A 8/27/21 5,954 4,964 West Oaks II Shopping Center - Outparcel (1) Novi, MI 1 4 N/A 8/27/21 746 455 Winchester Center - Land parcel (1) Rochester Hills, MI 1 4 N/A 8/27/21 1,657 1,409 Newnan Pavilion - Land parcel (1) Newnan, GA 1 6 N/A 9/14/21 1,543 — Market Plaza Glen Ellyn, IL 1 166 N/A 11/02/21 30,200 821 Northborough Crossing - Land parcels (1) Northborough, MA 2 142 N/A 12/17/21 27,950 4,605 Northborough Crossing - Outparcels (1) Northborough, MA 2 126 N/A 12/17/21 36,610 1,732 Webster Place Chicago, IL 1 135 N/A 12/28/21 29,250 — Providence Marketplace - Outparcels (1) Mount Juliet, TN 2 10 N/A 12/30/21 3,645 2,341 Deer Grove - Outparcel (1) Palatine, IL 1 20 N/A 12/31/21 5,000 3,779 Total income producing dispositions 38 1,250 — $ 245,832 $ 88,693 Hunter's Square - Land parcel Farmington Hills, MI 1 N/A 0.3 10/01/21 $ 326 $ 222 Total land dispositions 1 — 0.3 $ 326 $ 222 Total dispositions 39 1,250 0.3 $ 246,158 $ 88,915 (1) We contributed net lease retail assets that were subdivided from wholly-owned shopping centers to RGMZ. The properties contributed included both income producing properties in which we owned the depreciable real estate, as well as income producing properties which are subject to a ground lease. Refer to Note 6 of these notes to the consolidated financial statements for additional information.

Impairment Provisions (Tables)

Impairment Provisions (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Provisions for Impairment	We established provisions for impairment for the following consolidated assets: Year Ended December 31, 2022 2021 2020 (In thousands) Land available for development $ — $ — $ 598 Income producing properties — 17,201 — Total $ — $ 17,201 $ 598

Equity Investments in Unconso_2

Equity Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Summary of Combined Financial Information for Unconsolidated Entities, Balance Sheets	Combined financial information of our unconsolidated joint ventures is summarized as follows: Balance Sheets December 31, 2022 December 31, 2021 (In thousands) (In thousands) ASSETS R2G RGMZ Total R2G RGMZ Total Investment in real estate, net $ 822,707 $ 215,059 $ 1,037,766 $ 489,557 $ 152,992 $ 642,549 Other assets 102,355 80,094 182,449 71,543 74,295 145,838 Total Assets $ 925,062 $ 295,153 $ 1,220,215 $ 561,100 $ 227,287 $ 788,387 LIABILITIES AND OWNERS' EQUITY Notes payable $ 80,053 $ 185,227 $ 265,280 $ 28,516 $ 130,519 $ 159,035 Other liabilities 43,054 6,172 49,226 32,914 3,168 36,082 Owners' equity 801,955 103,754 905,709 499,670 93,600 593,270 Total Liabilities and Owners' Equity $ 925,062 $ 295,153 $ 1,220,215 $ 561,100 $ 227,287 $ 788,387 RPT's equity investments in unconsolidated joint ventures $ 416,487 $ 6,602 $ 423,089 $ 261,229 $ 5,954 $ 267,183 Statements of Operations Year Ended December 31, 2022 (In thousands) R2G RGMZ Total Total revenue $ 64,133 $ 20,122 $ 84,255 Total expenses 59,033 13,533 72,566 Operating income 5,100 6,589 11,689 Interest expense 2,299 9,373 11,672 Loss on extinguishment of debt — 317 317 Income tax benefit — (14) (14) Net income (loss) $ 2,801 $ (3,087) $ (286) Preferred member dividends 163 45 208 Net income (loss) available to common members $ 2,638 $ (3,132) $ (494) RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,359 $ (200) $ 1,159 Statements of Operations Year Ended December 31, 2021 (In thousands) R2G RGMZ Other Total Total revenue $ 34,206 $ 5,957 $ — $ 40,163 Total expenses 26,322 3,435 7 29,764 Operating income 7,884 2,522 (7) 10,399 Interest expense 76 2,285 — 2,361 Net income (loss) $ 7,808 $ 237 $ (7) $ 8,038 Preferred member dividends 75 35 — 110 Net income (loss) available to common members $ 7,733 $ 202 $ (7) $ 7,928 RPT's share of earnings from unconsolidated joint ventures $ 3,982 $ 13 $ — $ 3,995 Statements of Operations Year Ended December 31, 2020 (In thousands) R2G RGMZ Other Total Total revenue $ 24,489 $ — $ (51) $ 24,438 Total expenses 21,285 — 16 21,301 Operating income (loss) 3,204 — (67) 3,137 Interest expense — — — — Net income (loss) $ 3,204 $ — $ (67) $ 3,137 Preferred member dividends 73 — — 73 Net income (loss) available to common members $ 3,131 $ — $ (67) $ 3,064 RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,612 $ — $ (22) $ 1,590
Summary of Combined Financial Information for Unconsolidated Entities, Statements of Operations	Statements of Operations Year Ended December 31, 2022 (In thousands) R2G RGMZ Total Total revenue $ 64,133 $ 20,122 $ 84,255 Total expenses 59,033 13,533 72,566 Operating income 5,100 6,589 11,689 Interest expense 2,299 9,373 11,672 Loss on extinguishment of debt — 317 317 Income tax benefit — (14) (14) Net income (loss) $ 2,801 $ (3,087) $ (286) Preferred member dividends 163 45 208 Net income (loss) available to common members $ 2,638 $ (3,132) $ (494) RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,359 $ (200) $ 1,159 Statements of Operations Year Ended December 31, 2021 (In thousands) R2G RGMZ Other Total Total revenue $ 34,206 $ 5,957 $ — $ 40,163 Total expenses 26,322 3,435 7 29,764 Operating income 7,884 2,522 (7) 10,399 Interest expense 76 2,285 — 2,361 Net income (loss) $ 7,808 $ 237 $ (7) $ 8,038 Preferred member dividends 75 35 — 110 Net income (loss) available to common members $ 7,733 $ 202 $ (7) $ 7,928 RPT's share of earnings from unconsolidated joint ventures $ 3,982 $ 13 $ — $ 3,995 Statements of Operations Year Ended December 31, 2020 (In thousands) R2G RGMZ Other Total Total revenue $ 24,489 $ — $ (51) $ 24,438 Total expenses 21,285 — 16 21,301 Operating income (loss) 3,204 — (67) 3,137 Interest expense — — — — Net income (loss) $ 3,204 $ — $ (67) $ 3,137 Preferred member dividends 73 — — 73 Net income (loss) available to common members $ 3,131 $ — $ (67) $ 3,064 RPT's share of earnings (loss) from unconsolidated joint ventures $ 1,612 $ — $ (22) $ 1,590
Summary of Unconsolidated Joint Venture Property Acquisitions	The following table provides a summary of our acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Assumed Debt (In thousands) (In thousands) 2022 The Crossings Newington, NH 510 4/04/22 $ 104,000 $ 105,153 $ — Brookline Village Brookline, MA 11 6/07/22 5,000 5,092 — Total acquisitions 521 $ 109,000 $ 110,245 $ — 2021 Northborough Crossing Northborough, MA 646 6/18/21 $ 104,000 $ 97,182 $ — Bellevue Plaza Nashville, TN 77 7/07/21 10,430 10,651 — Woodstock Square Woodstock, GA 219 7/14/21 37,670 37,585 — Newnan Pavilion Newnan, GA 467 8/05/21 41,550 42,034 — Highland Lakes Palm Harbor, FL 82 12/16/21 15,000 15,132 — Total acquisitions 1,491 $ 208,650 $ 202,584 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our R2G joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 Mary Brickell Village Miami, FL 199 7/07/22 $ 216,000 $ 212,421 $ — The Shops on Lane Avenue Upper Arlington, OH 184 10/27/22 80,800 80,721 — Troy Marketplace Troy, MI 249 10/27/22 81,900 79,521 — Total R2G acquisitions 632 $ 378,700 $ 372,663 $ — 2021 East Lake Woodlands Palm Harbor, FL 104 7/09/21 $ 25,500 $ 25,730 $ — Village Shoppes of Canton Canton, MA 284 7/12/21 61,500 61,363 — South Pasadena Shopping Center South Pasadena, FL 164 7/14/21 32,650 33,184 — Bedford Marketplace Bedford, MA 153 7/29/21 54,500 54,775 — Dedham Dedham, MA 510 10/07/21 131,500 126,812 — Total R2G acquisitions 1,215 $ 305,650 $ 301,864 $ — (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. The following table provides a summary of our RGMZ joint venture property acquisitions during 2022 and 2021: Gross Property Name Location GLA Date Acquired Contract Price (1) Purchase Price Debt Issued or Assumed (In thousands) (In thousands) 2022 RPT Realty - 2 Income Producing Properties Various (2) 132 3/22/22 $ 11,576 $ 11,679 $ (6,946) Single-Tenant Property Ridgeland, MS 2 4/01/22 2,200 2,315 (1,320) Ansonia Landing Ansonia, CT 91 5/03/22 14,000 14,238 (8,400) Walgreens Portfolio Various (3) 71 5/25/22 33,800 34,261 (20,897) RPT Realty - 1 Income Producing Property Northborough, MA 55 9/08/22 10,229 9,290 (6,649) Total RGMZ acquisitions 351 $ 71,805 $ 71,783 $ (44,212) 2021 RPT Realty - 13 Income Producing Properties Various (4) 169 3/05/21 $ 36,196 $ 37,228 $ (21,718) RPT Realty - 2 Income Producing Properties Southfield, MI 329 5/21/21 39,334 39,603 (23,600) Single-Tenant Property Las Vegas, NV 14 7/30/21 4,650 4,670 (2,790) RPT Realty - 13 Income Producing Properties Various (5) 147 8/27/21 36,104 36,725 (21,662) RPT Realty - 1 Income Producing Property Newnan, GA 6 9/14/21 1,543 1,581 (926) Mountain Valley Shopping Center Conway, NH 259 11/18/21 26,500 26,946 (15,900) RPT Realty - 4 Income Producing Properties Northborough, MA 268 12/17/21 64,560 64,912 (38,736) RPT Realty - 2 Income Producing Properties Mount Juliet, TN 10 12/30/21 3,645 3,708 (2,187) RPT Realty - 1 Income Producing Property Palatine, IL 20 12/31/21 5,000 5,047 (3,000) Total acquisitions 1,222 $ 217,532 $ 220,420 $ (130,519) (1) Contract price does not include purchase price adjustments made at closing and capitalized closing costs. (2) Net lease retail properties acquired are located in Colorado and Georgia. (3) Net lease retail properties acquired are located in Louisiana and Michigan (4) Net lease retail properties acquired are located in Colorado, Florida, Georgia, Illinois, Indiana and Kentucky. (5) Net lease retail properties acquired are located in Florida, Georgia, and Michigan.
Schedule of Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations	At the time of acquisition, these assets and liabilities were considered Level 3 fair value measurements: Year Ended December 31, 2022 2021 (In thousands) Land $ 18,875 $ 48,019 Buildings and improvements 75,189 107,013 Above market leases 2,167 26,303 Lease origination costs 17,933 28,012 Below market leases (3,919) (6,763) Net assets acquired $ 110,245 $ 202,584 Year Ended December 31, 2022 2021 (In thousands) Land $ 150,911 $ 50,824 Buildings and improvements 195,291 219,211 Above market leases 1,329 7,906 Lease origination costs 34,654 34,442 Operating lease right-of-use assets — 4,512 Below market leases (9,522) (8,231) Operating lease liabilities — (6,800) Net assets acquired $ 372,663 $ 301,864 Year Ended December 31, 2022 2021 (In thousands) Land $ 20,592 $ 82,265 Buildings and improvements 44,308 71,061 Above market leases 285 54,254 Lease origination costs 6,934 13,705 72,119 221,285 Mortgage debt assumed at fair value (19,187) — Below market leases (2,046) (865) Net assets acquired $ 50,886 $ 220,420
Schedule of Long-term Debt Instruments	The following table summarizes the R2G's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Village Shoppes of Canton 3/1/2029 $ 22,050 2.81 % $ — — % East Lake Woodlands 12/1/2031 12,750 2.94 % 12,750 2.94 % South Pasadena 12/1/2031 16,330 2.94 % 16,330 2.94 % Bedford Marketplace 3/1/2032 29,975 2.93 % — — % $ 81,105 2.90 % $ 29,080 2.94 % Unamortized deferred financing costs (1,052) (564) Total $ 80,053 $ 28,516 The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of December 31, 2022 and 2021: December 31, Notes Payable and Finance Lease Obligation 2022 2021 (In thousands) Senior unsecured notes $ 511,500 $ 511,500 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 3,290 31,697 Unsecured revolving credit facility 35,000 35,000 859,790 888,197 Unamortized premium 77 153 Unamortized deferred financing costs (5,271) (4,165) Total notes payable, net $ 854,596 $ 884,185 Finance lease obligation $ 763 $ 821 The following table summarizes the Company's senior unsecured notes: December 31, 2022 December 31, 2021 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes - 4.27% due 2025 6/27/2025 $ 31,500 4.27 % $ 31,500 4.27 % Senior unsecured notes - 4.20% due 2025 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes - 4.09% due 2025 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes - 4.74% due 2026 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes - 4.28% due 2026 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes - 4.57% due 2027 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes - 3.64% due 2028 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes - 4.72% due 2029 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes - 4.15% due 2029 12/27/2029 50,000 4.15 % 50,000 4.15 % Senior unsecured notes - 3.70% due 2030 11/30/2030 75,000 3.70 % 75,000 3.70 % Senior unsecured notes - 3.82% due 2031 11/30/2031 55,000 3.82 % 55,000 3.82 % $ 511,500 4.09 % $ 511,500 4.09 % Unamortized deferred financing costs (2,667) (2,694) Total $ 508,833 $ 508,806 The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: December 31, 2022 December 31, 2021 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan due 2023 - fixed rate 3/3/2023 $ — — % $ 60,000 3.02 % Unsecured term loan due 2024 - fixed rate 11/6/2024 — — % 50,000 2.51 % Unsecured term loan due 2025 - fixed rate 2/6/2025 — — % 50,000 2.57 % Unsecured term loan due 2026 - fixed rate (1) 11/6/2026 50,000 2.50 % 50,000 2.95 % Unsecured term loan due 2027 - fixed rate (2) 2/5/2027 100,000 2.61 % 100,000 3.04 % Unsecured term loan due 2027 - fixed rate (3) 8/18/2027 50,000 2.52 % — — % Unsecured term loan due 2028 - fixed rate (4) 2/18/2028 110,000 2.80 % — — % $ 310,000 2.65 % $ 310,000 2.86 % Unamortized deferred financing costs (2,604) (1,471) Term loans, net $ 307,396 $ 308,529 Revolving credit facility - variable rate 11/6/2023 $ — — % $ 35,000 1.25 % Revolving credit facility - variable rate 8/18/2026 35,000 5.48 % — — % $ 35,000 5.48 % $ 35,000 1.25 % (1) Swapped to a weighted average fixed rate of 1.20%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (2) Swapped to a weighted average fixed rate of 1.31%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (3) Swapped to a weighted average fixed rate of 1.22%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (4) Swapped to a weighted average fixed rate of 1.50%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. The following table summarizes the Company's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) The Shops on Lane Avenue 1/10/2023 $ — — % $ 27,624 3.76 % Nagawaukee II 6/1/2026 3,290 5.80 % 4,073 5.80 % $ 3,290 5.80 % $ 31,697 4.02 % Unamortized premium 77 153 Total $ 3,367 $ 31,850
Information for Fees Earned	The following tables provide information for our fees earned which are reported in our consolidated statements of operations and comprehensive income: Year Ended December 31, 2022 R2G RGMZ Total (In thousands) Management fees $ 2,448 $ 680 $ 3,128 Leasing fees 594 163 757 Construction fees 240 — 240 Total $ 3,282 $ 843 $ 4,125 Year Ended December 31, 2021 R2G RGMZ Total (In thousands) Management fees $ 1,376 $ 187 $ 1,563 Leasing fees 418 — 418 Construction fees 5 — 5 Total $ 1,799 $ 187 $ 1,986 Year Ended December 31, 2020 R2G RGMZ Total (In thousands) Management fees $ 895 $ — $ 895 Leasing fees 490 — 490 Construction fees 10 — 10 Total $ 1,395 $ — $ 1,395

Other Assets, Net and Acquire_2

Other Assets, Net and Acquired Lease Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets, net consisted of the following: December 31, 2022 2021 (In thousands) Deferred leasing costs, net $ 28,650 $ 28,308 Deferred financing costs on unsecured revolving credit facility, net 3,804 1,243 Acquired development agreements (1) 14,884 15,928 Other, net 6,182 8,188 Total amortizable other assets 53,520 53,667 Straight-line rent receivable, net 15,612 16,220 Goodwill 2,089 2,089 Cash flow hedge mark-to-market asset 21,828 — Preferred equity investments 13,830 13,529 Other assets held for sale 139 204 Prepaid and other deferred expenses, net 2,425 2,715 Other assets, net $ 109,443 $ 88,424
Schedule of Acquired Lease Intangible Assets, Net	Acquired lease intangible assets, net consisted of the following: December 31, 2022 2021 (In thousands) Lease origination costs $ 58,892 $ 63,011 Above market leases 6,911 5,894 65,803 68,905 Accumulated amortization (25,760) (31,051) Acquired lease intangibles, net $ 40,043 $ 37,854
Schedule of Estimated Aggregate Amortization Expense Related to Other Assets	The following table represents estimated aggregate amortization related to those assets as of December 31, 2022: Year Ending December 31, (In thousands) 2023 $ 16,235 2024 14,449 2025 11,555 2026 9,804 2027 7,337 Thereafter 34,183 Total $ 93,563 Year Ending December 31, (In thousands) 2023 $ 5,316 2024 2,585 2025 2,474 2026 2,324 2027 2,223 Thereafter 18,235 Total $ 33,157

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following table summarizes the R2G's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Village Shoppes of Canton 3/1/2029 $ 22,050 2.81 % $ — — % East Lake Woodlands 12/1/2031 12,750 2.94 % 12,750 2.94 % South Pasadena 12/1/2031 16,330 2.94 % 16,330 2.94 % Bedford Marketplace 3/1/2032 29,975 2.93 % — — % $ 81,105 2.90 % $ 29,080 2.94 % Unamortized deferred financing costs (1,052) (564) Total $ 80,053 $ 28,516 The following table summarizes our mortgages, notes payable, revolving credit facility and finance lease obligation as of December 31, 2022 and 2021: December 31, Notes Payable and Finance Lease Obligation 2022 2021 (In thousands) Senior unsecured notes $ 511,500 $ 511,500 Unsecured term loan facilities 310,000 310,000 Fixed rate mortgages 3,290 31,697 Unsecured revolving credit facility 35,000 35,000 859,790 888,197 Unamortized premium 77 153 Unamortized deferred financing costs (5,271) (4,165) Total notes payable, net $ 854,596 $ 884,185 Finance lease obligation $ 763 $ 821 The following table summarizes the Company's senior unsecured notes: December 31, 2022 December 31, 2021 Senior Unsecured Notes Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Senior unsecured notes - 4.27% due 2025 6/27/2025 $ 31,500 4.27 % $ 31,500 4.27 % Senior unsecured notes - 4.20% due 2025 7/6/2025 50,000 4.20 % 50,000 4.20 % Senior unsecured notes - 4.09% due 2025 9/30/2025 50,000 4.09 % 50,000 4.09 % Senior unsecured notes - 4.74% due 2026 5/28/2026 50,000 4.74 % 50,000 4.74 % Senior unsecured notes - 4.28% due 2026 11/18/2026 25,000 4.28 % 25,000 4.28 % Senior unsecured notes - 4.57% due 2027 12/21/2027 30,000 4.57 % 30,000 4.57 % Senior unsecured notes - 3.64% due 2028 11/30/2028 75,000 3.64 % 75,000 3.64 % Senior unsecured notes - 4.72% due 2029 12/21/2029 20,000 4.72 % 20,000 4.72 % Senior unsecured notes - 4.15% due 2029 12/27/2029 50,000 4.15 % 50,000 4.15 % Senior unsecured notes - 3.70% due 2030 11/30/2030 75,000 3.70 % 75,000 3.70 % Senior unsecured notes - 3.82% due 2031 11/30/2031 55,000 3.82 % 55,000 3.82 % $ 511,500 4.09 % $ 511,500 4.09 % Unamortized deferred financing costs (2,667) (2,694) Total $ 508,833 $ 508,806 The following table summarizes the Company's unsecured term loan facilities and revolving credit facility: December 31, 2022 December 31, 2021 Unsecured Credit Facilities Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) Unsecured term loan due 2023 - fixed rate 3/3/2023 $ — — % $ 60,000 3.02 % Unsecured term loan due 2024 - fixed rate 11/6/2024 — — % 50,000 2.51 % Unsecured term loan due 2025 - fixed rate 2/6/2025 — — % 50,000 2.57 % Unsecured term loan due 2026 - fixed rate (1) 11/6/2026 50,000 2.50 % 50,000 2.95 % Unsecured term loan due 2027 - fixed rate (2) 2/5/2027 100,000 2.61 % 100,000 3.04 % Unsecured term loan due 2027 - fixed rate (3) 8/18/2027 50,000 2.52 % — — % Unsecured term loan due 2028 - fixed rate (4) 2/18/2028 110,000 2.80 % — — % $ 310,000 2.65 % $ 310,000 2.86 % Unamortized deferred financing costs (2,604) (1,471) Term loans, net $ 307,396 $ 308,529 Revolving credit facility - variable rate 11/6/2023 $ — — % $ 35,000 1.25 % Revolving credit facility - variable rate 8/18/2026 35,000 5.48 % — — % $ 35,000 5.48 % $ 35,000 1.25 % (1) Swapped to a weighted average fixed rate of 1.20%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (2) Swapped to a weighted average fixed rate of 1.31%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (3) Swapped to a weighted average fixed rate of 1.22%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. (4) Swapped to a weighted average fixed rate of 1.50%, plus a 0.10% SOFR Index adjustment and a credit spread of 1.20%, based on a leverage grid at December 31, 2022. The following table summarizes the Company's fixed rate mortgages: December 31, 2022 December 31, 2021 Mortgage Debt Maturity Date Principal Balance Interest Rate/Weighted Average Interest Rate Principal Balance Interest Rate/Weighted Average Interest Rate (in thousands) (in thousands) The Shops on Lane Avenue 1/10/2023 $ — — % $ 27,624 3.76 % Nagawaukee II 6/1/2026 3,290 5.80 % 4,073 5.80 % $ 3,290 5.80 % $ 31,697 4.02 % Unamortized premium 77 153 Total $ 3,367 $ 31,850
Schedule of Principal Payments on Mortgages, Notes Payable, and Capital Lease Obligations	The following table presents scheduled principal payments on mortgages, notes payable, revolving credit facility and finance lease payments as of December 31, 2022: Year Ending December 31, Principal Payments Finance Lease Payments (In thousands) 2023 $ 829 $ 100 2024 879 100 2025 132,431 100 2026 (1) 160,651 100 2027 180,000 100 Thereafter 385,000 500 Subtotal debt 859,790 1,000 Unamortized mortgage premium 77 — Unamortized deferred financing costs (5,271) — Amounts representing interest — (237) Total $ 854,596 $ 763 (1) Scheduled maturities in 2026 include the $35.0 million balance on the revolving credit facility drawn as of December 31, 2022. The revolving credit facility has two six-month extensions available at the Company's option provided compliance with financial covenants is maintained.

Acquired Lease Intangible Lia_2

Acquired Lease Intangible Liabilities, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Schedule of Estimated Aggregate Amortization Expense Related to Other Assets	The following table represents estimated aggregate amortization related to those assets as of December 31, 2022: Year Ending December 31, (In thousands) 2023 $ 16,235 2024 14,449 2025 11,555 2026 9,804 2027 7,337 Thereafter 34,183 Total $ 93,563 Year Ending December 31, (In thousands) 2023 $ 5,316 2024 2,585 2025 2,474 2026 2,324 2027 2,223 Thereafter 18,235 Total $ 33,157

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis	The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021: Balance Sheet Location Total Fair Value Level 1 Level 2 Level 3 2022 (In thousands) Derivative assets - interest rate swaps Other assets $ 21,828 $ — $ 21,828 $ — Derivative liabilities - interest rate swaps Other liabilities $ — $ — $ — $ — 2021 Derivative assets - interest rate swaps Other assets $ — $ — $ — $ — Derivative liabilities - interest rate swaps Other liabilities $ (2,712) $ — $ (2,712) $ —
Schedule of Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis	The table below presents the recorded amount of assets at the time they were marked to fair value during the years ended December 31, 2022 and 2021 on a nonrecurring basis. We did not have any material liabilities that were required to be measured at fair value on a nonrecurring basis during the years ended December 31, 2022 and 2021. Assets Total Fair Value Level 1 Level 2 Level 3 Total Impairment (In thousands) 2022 None 2021 Income producing properties $ 30,171 $ — $ — $ 30,171 $ (17,201) Total $ 30,171 $ — $ — $ 30,171 $ (17,201)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Notional Values and Fair Values of Derivative Financial Instruments	The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2022: Underlying Debt Hedge Type Reference Rate Notional Value Fixed Rate Fair Value Expiration Date (In thousands) (In thousands) Derivative Assets Unsecured term loan Cash Flow LIBOR $ 60,000 1.770 % $ 264 03/2023 Unsecured term loan Cash Flow SOFR 30,000 1.165 % 1,761 11/2024 Unsecured term loan Cash Flow SOFR 10,000 1.169 % 587 11/2024 Unsecured term loan Cash Flow SOFR 10,000 1.182 % 585 11/2024 Unsecured term loan Cash Flow SOFR 25,000 1.210 % 1,529 01/2025 Unsecured term loan Cash Flow SOFR 25,000 1.239 % 1,512 01/2025 Unsecured term loan Cash Flow SOFR 50,000 1.201 % 4,694 11/2026 Unsecured term loan Cash Flow SOFR 25,000 1.308 % 2,316 01/2027 Unsecured term loan Cash Flow SOFR 50,000 1.289 % 4,634 01/2027 Unsecured term loan Cash Flow SOFR 25,000 1.335 % 2,292 01/2027 $ 310,000 $ 20,174 Derivative Assets - Forward Swaps Unsecured term loan Cash Flow SOFR $ 50,000 2.855 % $ 367 08/2027 Unsecured term loan Cash Flow SOFR 30,000 3.344 % 421 02/2028 Unsecured term loan Cash Flow SOFR 30,000 3.359 % 407 02/2028 Unsecured term loan Cash Flow SOFR 50,000 2.865 % 459 02/2028 Total Derivative Assets $ 470,000 $ 21,828 The following table summarizes the notional values and fair values of our derivative financial instruments as of December 31, 2021: Underlying Debt Hedge Reference Rate Notional Fixed Fair Expiration (In thousands) (In thousands) Derivative Liabilities Unsecured term loan Cash Flow LIBOR $ 60,000 1.770 % $ (875) 03/2023 Unsecured term loan Cash Flow LIBOR 30,000 1.260 % (211) 11/2024 Unsecured term loan Cash Flow LIBOR 10,000 1.259 % (70) 11/2024 Unsecured term loan Cash Flow LIBOR 10,000 1.269 % (73) 11/2024 Unsecured term loan Cash Flow LIBOR 25,000 1.310 % (204) 01/2025 Unsecured term loan Cash Flow LIBOR 25,000 1.324 % (215) 01/2025 Unsecured term loan Cash Flow LIBOR 50,000 1.297 % (211) 11/2026 Unsecured term loan Cash Flow LIBOR 25,000 1.402 % (226) 01/2027 Unsecured term loan Cash Flow LIBOR 50,000 1.382 % (405) 01/2027 Unsecured term loan Cash Flow LIBOR 25,000 1.398 % (222) 01/2027 Total Derivative Liabilities $ 310,000 $ (2,712)
Summary of Effect of Derivative Financial Instruments on Condensed Consolidated Statements of Operations	The effect of derivative financial instruments on our consolidated statements of operations and comprehensive income for the years ended December 31, 2022 and 2021 is summarized as follows: Amount of Gain (Loss) Location of Gain (Loss) Reclassified from Accumulated OCI into Income Amount of Gain (Loss) Reclassified from Derivatives in Cash Flow Hedging Relationship Year Ended December 31, Year Ended December 31, 2022 2021 2022 2021 (In thousands) (In thousands) Interest rate contracts - assets $ 23,093 $ — Interest Expense $ (1,265) $ — Interest rate contracts - liabilities 2,477 15,906 Interest Expense 235 (4,150) Total $ 25,570 $ 15,906 Total $ (1,030) $ (4,150)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received, Maturity	Approximate future minimum revenues from rentals under non-cancelable operating leases in effect at December 31, 2022, assuming no new or renegotiated leases or option extensions on lease agreements and no early lease terminations were as follows: Year Ending December 31, (In thousands) 2023 $ 150,012 2024 136,302 2025 115,937 2026 96,986 2027 73,029 Thereafter 194,778 Total $ 767,044
Lease, Cost	The components of lease expense were as follows: Year Ended December 31, Statements of Operations Classification 2022 2021 2020 (In thousands) Operating ground lease cost Non-recoverable operating expense $ 1,162 $ 1,162 $ 1,162 Operating administrative lease cost General and administrative expense 652 604 581 Finance lease cost Interest Expense 43 46 48 Supplemental cash flow information related to leases is as follows: Year Ended December 31, 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,565 $ 1,504 Operating cash flows from finance lease 42 46 Financing cash flows from finance lease 58 54
Assets and Liabilities, Lessee	Supplemental balance sheet information related to leases is as follows: Balance Sheet Classification December 31, 2022 December 31, 2021 (In thousands) ASSETS Operating lease assets Operating lease right-of-use assets $ 17,269 $ 17,934 Finance lease asset Land 10,095 10,095 Total leased assets $ 27,364 $ 28,029 LIABILITIES Operating lease liabilities Operating lease liabilities $ 17,016 $ 17,431 Finance lease liability Finance lease liability 763 821 Total lease liabilities $ 17,779 $ 18,252 Weighted Average Remaining Lease Terms Operating leases 73 years 71 years Finance lease 10 years 11 years Weighted Average Incremental Borrowing Rate Operating leases 6.22 % 6.16 % Finance lease 5.23 % 5.23 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2022 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2023 $ 1,496 $ 100 2024 1,118 100 2025 1,048 100 2026 1,093 100 2027 1,108 100 Thereafter 92,228 500 Total lease payments $ 98,091 $ 1,000 Less imputed interest (81,075) (237) Total $ 17,016 $ 763
Finance Lease, Liability, Maturity	Maturities of lease liabilities as of December 31, 2022 were as follows: Maturity of Lease Liabilities Operating Leases Finance Lease (In thousands) 2023 $ 1,496 $ 100 2024 1,118 100 2025 1,048 100 2026 1,093 100 2027 1,108 100 Thereafter 92,228 500 Total lease payments $ 98,091 $ 1,000 Less imputed interest (81,075) (237) Total $ 17,016 $ 763

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic earnings per share (“EPS”): Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Net income (loss) $ 85,657 $ 70,264 $ (10,474) Net (income) loss attributable to noncontrolling interest (1,607) (1,625) 241 Preferred share dividends (6,701) (6,701) (6,701) Allocation of income to restricted share awards (956) (498) (136) Net income (loss) available to common shareholders $ 76,393 $ 61,440 $ (17,070) Weighted average shares outstanding, Basic 84,231 81,083 79,998 Earnings (Loss) per common share, Basic $ 0.91 $ 0.76 $ (0.21) The following table sets forth the computation of diluted EPS: Year Ended December 31, 2022 2021 2020 (In thousands, except per share data) Net income (loss) $ 85,657 $ 70,264 $ (10,474) Net (income) loss attributable to noncontrolling interest (1,607) (1,625) 241 Preferred share dividends (6,701) (6,701) (6,701) Allocation of income to restricted share awards (956) (498) (136) Net income (loss) available to common shareholders $ 76,393 $ 61,440 $ (17,070) Weighted average shares outstanding, Basic 84,231 81,083 79,998 Dilutive effect of securities using the treasury method (1) 1,243 1,215 — Weighted average shares outstanding, Diluted 85,474 82,298 79,998 Earnings (Loss) per common share, Diluted $ 0.89 $ 0.75 $ (0.21) (1) The Company uses the treasury stock method to determine the dilution resulting from restricted stock awards and forward sales under the Current ATM Program during the period of time prior to settlement. For each period, the amount of securities determined using the treasury stock method is not included in the diluted per share calculation where the effect of their inclusion would be anti-dilutive.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share and the number of common shares each was convertible into (in thousands): Year Ended December 31, 2022 2021 2020 Issued Converted Issued Converted Issued Converted Operating Partnership Units 1,604 1,604 1,755 1,755 1,909 1,909 Series D Preferred Shares 1,849 7,017 1,849 7,017 1,849 7,017 Restricted Stock Awards — — — — 1,571 496 3,453 8,621 3,604 8,772 5,329 9,422

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Summary of Dividends Declared and Paid	The following table provides a summary of dividends declared and paid per share: Year Ended December 31, 2022 2021 2020 Declared Paid Declared Paid Declared Paid Common shares $ 0.520 $ 0.510 $ 0.390 $ 0.270 $ 0.220 $ 0.440 Preferred shares $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 $ 3.625 A summary of the income tax status of dividends per share paid is as follows: Year Ended December 31, 2022 2021 2020 Common shares Qualified dividend $ 0.020 $ 0.011 $ — Section 199A dividend (1) 0.409 0.043 0.391 Ordinary dividend $ 0.429 $ 0.054 $ 0.391 Capital gain distribution 0.066 — — Non-dividend distribution 0.015 0.216 0.049 $ 0.510 $ 0.270 $ 0.440 Perpetual preferred shares Qualified dividend $ 0.145 $ 0.737 $ — Section 199A dividend (1) 2.997 2.888 3.625 Ordinary dividend $ 3.142 $ 3.625 $ 3.625 Capital gain distribution 0.483 — — $ 3.625 $ 3.625 $ 3.625 (1) Represents qualified REIT dividends that may be eligible for the 20% qualified business income deduction under Section 199A of the Internal Revenue Code if 1986, as amended, that is available for non-corporate taxpayers and is included in "Ordinary Dividends".

Share-Based Compensation and _2

Share-Based Compensation and Other Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Activity of Service Based Restricted Shares under LTIP	A summary of the activity of service-based restricted shares under the 2012 LTIP, the Inducement Plan and the 2019 LTIP for the years ended December 31, 2022, 2021 and 2020 is presented below: 2022 2021 2020 Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Number of Shares Weighted- Average Grant Date Fair Value Outstanding, beginning of the year 849,547 $ 9.96 842,321 $ 9.75 449,643 $ 12.40 Granted 351,116 11.97 348,667 10.92 636,024 8.91 Vested (290,253) 11.85 (336,592) 10.47 (205,839) 12.38 Forfeited or expired (10,431) 12.05 (4,849) 8.22 (37,507) 12.78 Outstanding, end of the year 899,979 $ 10.11 849,547 $ 9.96 842,321 $ 9.75
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The fair value of each grant for the reported periods is estimated on the date of grant using the Monte Carlo simulation model using the weighted average assumptions noted in the following table: Year Ended December 31, 2022 2021 2020 Closing share price $11.95 - $12.71 $10.45 $5.03 - $13.09 Expected dividend rate —% —% —% - 6.7% Expected stock price volatility 58.5% - 61.6% 57.1% 23.3% - 46.2% Risk-free interest rate 1.4% - 2.8% 0.2% 0.3% - 0.9% Expected life (years) 2.59 - 2.84 2.88 2.85 - 4.18

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Narrative (Details) $ / shares in Units, a in Thousands, ft² in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) a ft² property shopping_center jointVenture tranche segment $ / shares	Dec. 31, 2021 USD ($) a $ / shares	Dec. 31, 2020 USD ($)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Common shares of beneficial interest, par (in usd per share) | $ / shares	$ 0.01	$ 0.01
Number of owned properties | property	48
Number of income producing properties | tranche	1
Area of real estate property (in sq feet) | a	521	1,491
Number of joint ventures | jointVenture	2
Non-voting and voting common stock, percentage of ownership	100%
Accounts receivable, net	$ 19,914,000	$ 23,954,000
Allowances for doubtful accounts receivable	8,500,000	13,100,000
Allowance for straight line rent	3,300,000	4,500,000
Straight-line rent receivable, net	$ 15,600,000	16,200,000
Maximum period project is not depreciated following completion	1 year
Maximum period indirect project costs associated with construction are capitalized	1 year
Provision for impairment	$ 0	17,201,000	$ 598,000
Impairment on equity method investments	0	0	$ 0
Deferred financing costs, net	5,271,000	4,165,000
Deferred financing costs on unsecured revolving credit facility, net	3,804,000	$ 1,243,000
Amount in excess of the FDIC insured limit	$ 6,200,000
Noncontrolling interest, exchange ratio for Company common stock	1
Number of reportable segment individual properties aggregated | segment	1
Buildings and improvements
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	40 years
Minimum | Buildings and improvements
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	10 years
Minimum | Parking lot surfacing and equipment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	5 years
Minimum | Other capitalized property plant and equipment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	15 years
Maximum | Buildings and improvements
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	40 years
Maximum | Parking lot surfacing and equipment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	30 years
Maximum | Other capitalized property plant and equipment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Property plant and equipment, estimated useful lives	25 years
RPT Realty, L.P.
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Ownership interest in RPT Realty, L. P.	98.20%	98%
Joint Venture One
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Percentage of ownership interest	51.50%	51.50%
Joint Venture Two
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Percentage of ownership interest	6.40%	6.40%
Joint Venture Four
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Percentage of ownership interest	51.50%
Shopping centers
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of multi-tenant shopping centers | property	13
Shopping centers
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of real estate properties owned and managed | shopping_center	44
Area of real estate property (in sq feet) | ft²	15

Real Estate - Land Held for Dev

Real Estate - Land Held for Development (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Construction in progress	$ 14,614	$ 16,836
Land available for development	23,158	26,181
Total	$ 37,772	$ 43,017

Real Estate - Narrative (Detail

Real Estate - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Real estate held for sale	$ 3,115	$ 3,808

Property Acquisitions and Dis_3

Property Acquisitions and Dispositions - Summary of Acquisitions (Details) ft² in Thousands, a in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($) ft² a
Business Acquisition [Line Items]
Area of Real Estate Property | a	521	1,491
Contract price	$ 109,000	$ 208,650
Gross purchase price	110,245	202,584
Gross debt	$ 0	$ 0
The Crossings
Business Acquisition [Line Items]
Area of Real Estate Property | a	510
Contract price	$ 104,000
Gross purchase price	105,153
Gross debt	$ 0
Brookline Village
Business Acquisition [Line Items]
Area of Real Estate Property | a	11
Contract price	$ 5,000
Gross purchase price	5,092
Gross debt	$ 0
Northborough Crossing
Business Acquisition [Line Items]
Area of Real Estate Property | a		646
Contract price		$ 104,000
Gross purchase price		97,182
Gross debt		$ 0
Bellevue Plaza
Business Acquisition [Line Items]
Area of Real Estate Property | a		77
Contract price		$ 10,430
Gross purchase price		10,651
Gross debt		$ 0
Woodstock Square
Business Acquisition [Line Items]
Area of Real Estate Property | a		219
Contract price		$ 37,670
Gross purchase price		37,585
Gross debt		$ 0
Newnan Pavilion
Business Acquisition [Line Items]
Area of Real Estate Property | a		467
Contract price		$ 41,550
Gross purchase price		42,034
Gross debt		$ 0
Highland Lakes
Business Acquisition [Line Items]
Area of Real Estate Property | ft²		82
Contract price		$ 15,000
Gross purchase price		15,132
Gross debt		$ 0

Property Acquisitions and Dis_4

Property Acquisitions and Dispositions - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Land	$ 18,875	$ 48,019
Buildings and improvements	75,189	107,013
Above market leases	2,167	26,303
Lease origination costs	17,933	28,012
Below market leases	(3,919)	(6,763)
Net assets acquired	$ 110,245	$ 202,584

Property Acquisitions and Dis_5

Property Acquisitions and Dispositions - Unaudited Pro Forma Information (Details) - Total consolidated income producing acquisitions - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Consolidated revenue	$ 23,859	$ 9,532
Consolidated net income available to common shareholders	$ 3,402	$ 1,738

Property Acquisitions and Dis_6

Property Acquisitions and Dispositions - Summary of Disposition Activity (Details) a in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) a ft² land	Dec. 31, 2021 USD ($) a ft² land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of real estate property (in sq feet) | a	521	1,491
Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	4	1
Area of real estate property (in sq feet) | a	0
Acreage | ft²	2.8	0.3
Sales Price	$ 2,278	$ 326
Gain on Sale	$ 775	$ 222
Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	8	38
Area of real estate property (in sq feet) | a	1,186	1,250
Sales Price	$ 282,855	$ 245,832
Gain on Sale	$ 88,163	$ 88,693
Income producing property and land and outparcel disposition
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	12	39
Area of real estate property (in sq feet) | a	1,186	1,250
Acreage | ft²	2.8	0.3
Sales Price	$ 285,133	$ 246,158
Gain on Sale	$ 88,938	$ 88,915
Newnan Pavilion | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1	1
Area of real estate property (in sq feet) | a	108	6
Sales Price	$ 4,576	$ 1,543
Gain on Sale	$ 37	$ 0
Front Range Village - Single-Tenant Property | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	24
Sales Price	$ 7,000
Gain on Sale	$ 3,417
Rivertowne Square | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		3
Sales Price		$ 3,270
Gain on Sale		$ 2,272
Rivertowne Square | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	144
Sales Price	$ 18,750
Gain on Sale	$ 11,382
Tel Twelve | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		2
Area of real estate property (in sq feet) | a		329
Sales Price		$ 39,334
Gain on Sale		$ 34,216
Tel Twelve | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	194
Sales Price	$ 45,000
Gain on Sale	$ 6,461
Mount Prospect Plaza | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Acreage | ft²	0.1
Sales Price	$ 203
Gain on Sale	$ 161
Mount Prospect Plaza | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	228
Sales Price	$ 34,600
Gain on Sale	$ 2,628
Northborough Crossing | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		2
Area of real estate property (in sq feet) | a		142
Sales Price		$ 27,950
Gain on Sale		$ 4,605
Northborough Crossing | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1	2
Area of real estate property (in sq feet) | a	55	126
Sales Price	$ 10,229	$ 36,610
Gain on Sale	$ 2,055	$ 1,732
The Shops on Lane Avenue | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	184
Sales Price	$ 80,800
Gain on Sale	$ 27,198
Troy Marketplace | Income Producing Property Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Area of real estate property (in sq feet) | a	249
Sales Price	$ 81,900
Gain on Sale	$ 34,985
Hartland Town Square - Outparcel | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Acreage | ft²	0.7
Sales Price	$ 400
Gain on Sale	$ 93
Lakeland | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Acreage | ft²	1
Sales Price	$ 1,000
Gain on Sale	$ 181
Hartland Town Square - Outparcel | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land	1
Acreage | ft²	1
Sales Price	$ 675
Gain on Sale	$ 340
Buttermilk Towne Center | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		2
Area of real estate property (in sq feet) | a		107
Sales Price		$ 9,785
Gain on Sale		$ 3,809
Deer Grove | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		8
Sales Price		$ 2,500
Gain on Sale		$ 1,456
Front Range Village | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		5
Sales Price		$ 2,750
Gain on Sale		$ 1,709
Front Range Village | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		4
Sales Price		$ 2,475
Gain on Sale		$ 1,197
Merchants' Square | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		19
Sales Price		$ 3,977
Gain on Sale		$ 2,133
Promenade at Pleasant Hill | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		4
Sales Price		$ 1,250
Gain on Sale		$ 467
Promenade at Pleasant Hill | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		3
Sales Price		$ 844
Gain on Sale		$ 443
River City Marketplace | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		2
Area of real estate property (in sq feet) | a		5
Sales Price		$ 2,895
Gain on Sale		$ 1,938
Shoppes of Lakeland | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		3
Sales Price		$ 1,332
Gain on Sale		$ 800
Shoppes of Lakeland | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		7
Sales Price		$ 1,200
Gain on Sale		$ 289
West Broward | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		4
Sales Price		$ 4,762
Gain on Sale		$ 2,933
Marketplace of Delray | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		3
Area of real estate property (in sq feet) | a		12
Sales Price		$ 7,960
Gain on Sale		$ 6,700
Marketplace of Delray | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		4
Area of real estate property (in sq feet) | a		17
Sales Price		$ 8,046
Gain on Sale		$ 5,192
Parkway Shops | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		26
Sales Price		$ 2,622
Gain on Sale		$ 930
Peachtree Hill | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		66
Sales Price		$ 8,275
Gain on Sale		$ 2,103
West Broward Shopping Center | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		15
Sales Price		$ 5,954
Gain on Sale		$ 4,964
West Oaks II Shopping Center | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		4
Sales Price		$ 746
Gain on Sale		$ 455
Winchester Center | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		4
Sales Price		$ 1,657
Gain on Sale		$ 1,409
Market Plaza | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		166
Sales Price		$ 30,200
Gain on Sale		$ 821
Webster Place | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		135
Sales Price		$ 29,250
Gain on Sale		$ 0
Providence Marketplace | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		2
Area of real estate property (in sq feet) | a		10
Sales Price		$ 3,645
Gain on Sale		$ 2,341
Deer Grove | Outparcel Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Area of real estate property (in sq feet) | a		20
Sales Price		$ 5,000
Gain on Sale		$ 3,779
Hunters Square | Land parcels Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of land parcel, held-for-sale | land		1
Acreage | ft²		0.3
Sales Price		$ 326
Gain on Sale		$ 222

Impairment Provisions - Schedul

Impairment Provisions - Schedule of Provisions for Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	$ 0	$ 17,201	$ 598
Land available for development
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	0	0	598
Income producing properties
Impaired Long-Lived Assets Held and Used [Line Items]
Provision for impairment	$ 0	$ 17,201	$ 0

Equity Investments in Unconso_3

Equity Investments in Unconsolidated Joint Ventures - Additional Information (Details) ft² in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) ft² property jointVenture $ / ft²	Dec. 31, 2021 USD ($)	Nov. 17, 2022 USD ($)	Jul. 11, 2022 USD ($)	Jun. 30, 2022 USD ($)	Feb. 10, 2022 USD ($)	Feb. 09, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | jointVenture	2
Number of owned properties | property	48
Number of property dispositions	0	0
Unsecured revolving credit facility	$ 35,000,000	$ 35,000,000
Rentable space | ft²	17
Renewal lease fee (in dollars per sq ft) | $ / ft²	1
New lease grocer fee (in dollars per sq ft) | $ / ft²	5
New lease non-grocer fee (in dollars per share) | $ / ft²	4
Bedford Marketplace | Mortgages | R2G
Schedule of Equity Method Investments [Line Items]
Principal Balance							$ 29,975,000
Stated interest rate							2.93%
Village Shoppes of Canton | Mortgages | R2G
Schedule of Equity Method Investments [Line Items]
Principal Balance						$ 22,100,000
Stated interest rate						2.81%
Joint Venture One
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	51.50%	51.50%
Joint Venture Two
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest	6.40%	6.40%
Joint Venture Three
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest		7%
RGMZ
Schedule of Equity Method Investments [Line Items]
Stated interest rate	6.34%
Maximum borrowing capacity			$ 350,000,000	$ 300,000,000	$ 240,000,000
Total capacity of future potential commitment	$ 600,000,000
Unsecured revolving credit facility	166,100,000
Line of credit facility, increase (decrease), net	$ 35,600,000
Receive leasing fees for new leases	5%
Receive leasing fees for renewal leases	2.50%
Lease operating expenses year	10 years
Percentage of management fee of gross asset value	0.25%
Additional incentive fee	0.15%
RGMZ | Mortgages
Schedule of Equity Method Investments [Line Items]
Principal Balance	$ 20,700,000
Stated interest rate	3.56%
R2G
Schedule of Equity Method Investments [Line Items]
Property management fee	4%
Receive leasing fees for new leases	6%
Receive leasing fees for renewal leases	2.50%
Lease operating expenses year	10 years
R2G | Bedford Marketplace | Mortgages
Schedule of Equity Method Investments [Line Items]
Stated interest rate		0%
R2G | Village Shoppes of Canton | Mortgages
Schedule of Equity Method Investments [Line Items]
Stated interest rate	2.81%	0%

Equity Investments in Unconso_4

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investment in real estate, net	$ 1,330,806	$ 1,452,697
Other assets, net	109,443	88,424
TOTAL ASSETS	1,946,439	1,902,079
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable	854,596	884,185
Other liabilities	967,786	1,006,625
Owners' equity	960,513	876,944
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,946,439	1,902,079
Equity investments in unconsolidated joint ventures	423,089	267,183
R2G
LIABILITIES AND SHAREHOLDERS' EQUITY
Equity investments in unconsolidated joint ventures	416,487	261,229
RGMZ
LIABILITIES AND SHAREHOLDERS' EQUITY
Equity investments in unconsolidated joint ventures	6,602	5,954
R2G
ASSETS
Investment in real estate, net	822,707	489,557
Other assets, net	102,355	71,543
TOTAL ASSETS	925,062	561,100
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable	80,053	28,516
Other liabilities	43,054	32,914
Owners' equity	801,955	499,670
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	925,062	561,100
RGMZ
ASSETS
Investment in real estate, net	215,059	152,992
Other assets, net	80,094	74,295
TOTAL ASSETS	295,153	227,287
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable	185,227	130,519
Other liabilities	6,172	3,168
Owners' equity	103,754	93,600
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	295,153	227,287
Total
ASSETS
Investment in real estate, net	1,037,766	642,549
Other assets, net	182,449	145,838
TOTAL ASSETS	1,220,215	788,387
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable	265,280	159,035
Other liabilities	49,226	36,082
Owners' equity	905,709	593,270
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,220,215	$ 788,387

Equity Investments in Unconso_5

Equity Investments in Unconsolidated Joint Ventures - Summary of Combined Financial Information of Unconsolidated Entities, Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Total revenue	$ 217,656	$ 213,488	$ 191,712
Total expenses	187,796	190,667	165,016
Operating income	118,798	111,736	27,014
Interest expense	35,589	37,025	39,317
Loss on extinguishment of debt	(121)	(8,294)	0
Income tax provision (benefit)	120	(88)	(25)
Net income (loss)	84,050	68,639	(10,233)
Preferred member dividends	6,701	6,701	6,701
Net income (loss) available to common members	77,349	61,938	(16,934)
RPT's share of earnings (loss) from unconsolidated joint ventures	1,159	3,995	1,590
R2G
Schedule of Equity Method Investments [Line Items]
RPT's share of earnings (loss) from unconsolidated joint ventures	1,359	3,982	1,612
RGMZ
Schedule of Equity Method Investments [Line Items]
RPT's share of earnings (loss) from unconsolidated joint ventures	(200)	13	0
Joint Venture, Other
Schedule of Equity Method Investments [Line Items]
RPT's share of earnings (loss) from unconsolidated joint ventures		0	(22)
R2G
Schedule of Equity Method Investments [Line Items]
Total revenue	64,133	34,206	24,489
Total expenses	59,033	26,322	21,285
Operating income	5,100	7,884	3,204
Interest expense	2,299	76	0
Loss on extinguishment of debt	0
Income tax provision (benefit)	0
Net income (loss)	2,801	7,808
Net income (loss)			3,204
Preferred member dividends	163	75	73
Net income (loss) available to common members	2,638	7,733	3,131
RGMZ
Schedule of Equity Method Investments [Line Items]
Total revenue	20,122	5,957	0
Total expenses	13,533	3,435	0
Operating income	6,589	2,522	0
Interest expense	9,373	2,285	0
Loss on extinguishment of debt	317
Income tax provision (benefit)	(14)
Net income (loss)	(3,087)	237
Net income (loss)			0
Preferred member dividends	45	35	0
Net income (loss) available to common members	(3,132)	202	0
Other
Schedule of Equity Method Investments [Line Items]
Total revenue		0	(51)
Total expenses		7	16
Operating income		(7)	(67)
Interest expense		0	0
Net income (loss)		(7)
Net income (loss)			(67)
Preferred member dividends		0	0
Net income (loss) available to common members		(7)	(67)
Total
Schedule of Equity Method Investments [Line Items]
Total revenue	84,255	40,163	24,438
Total expenses	72,566	29,764	21,301
Operating income	11,689	10,399	3,137
Interest expense	11,672	2,361	0
Loss on extinguishment of debt	317
Income tax provision (benefit)	(14)
Net income (loss)	(286)	8,038
Net income (loss)			3,137
Preferred member dividends	208	110	73
Net income (loss) available to common members	$ (494)	$ 7,928	$ 3,064

Equity Investments in Unconso_6

Equity Investments in Unconsolidated Joint Ventures - Summary of Unconsolidated Joint Venture Acquisition Activity (Details) a in Thousands, $ in Thousands																						12 Months Ended
	Oct. 27, 2022 USD ($) a	Sep. 08, 2022 USD ($) a	Jul. 07, 2022 USD ($) a	May 25, 2022 USD ($) a	May 03, 2022 USD ($) a	Apr. 01, 2022 USD ($) a	Mar. 22, 2022 USD ($) a	Dec. 31, 2021 USD ($) a	Dec. 30, 2021 USD ($) a	Dec. 17, 2021 USD ($) a	Nov. 18, 2021 USD ($) a	Oct. 07, 2021 USD ($) a	Sep. 14, 2021 USD ($) a	Aug. 27, 2021 USD ($) a	Jul. 30, 2021 USD ($) a	Jul. 29, 2021 USD ($) a	Jul. 14, 2021 USD ($) a	Jul. 12, 2021 USD ($) a	Jul. 09, 2021 USD ($) a	May 21, 2021 USD ($) a	Mar. 05, 2021 USD ($) a	Dec. 31, 2022 USD ($) a	Dec. 31, 2021 USD ($) a
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a								1,491														521	1,491
Contract price																						$ 109,000	$ 208,650
Gross purchase price																						$ 110,245	$ 202,584
R2G
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a								1,215														632	1,215
Contract price																						$ 378,700	$ 305,650
Gross purchase price																						372,663	301,864
Debt Issued or Assumed																						$ 0	$ 0
R2G | Mary Brickell Village
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a			199
Contract price			$ 216,000
Gross purchase price			212,421
Debt Issued or Assumed			$ 0
R2G | The Shops on Lane Avenue
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a	184
Contract price	$ 80,800
Gross purchase price	80,721
Debt Issued or Assumed	$ 0
R2G | Troy Marketplace
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a	249
Contract price	$ 81,900
Gross purchase price	79,521
Debt Issued or Assumed	$ 0
R2G | East Lake Woodlands
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a																			104
Contract price																			$ 25,500
Gross purchase price																			25,730
Debt Issued or Assumed																			$ 0
R2G | Village Shoppes of Canton
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a																		284
Contract price																		$ 61,500
Gross purchase price																		61,363
Debt Issued or Assumed																		$ 0
R2G | South Pasadena
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a																	164
Contract price																	$ 32,650
Gross purchase price																	33,184
Debt Issued or Assumed																	$ 0
R2G | Bedford Marketplace
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a																153
Contract price																$ 54,500
Gross purchase price																54,775
Debt Issued or Assumed																$ 0
R2G | Dedham
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a												510
Contract price												$ 131,500
Gross purchase price												126,812
Debt Issued or Assumed												$ 0
RGMZ
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a								1,222														351	1,222
Contract price																						$ 71,805	$ 217,532
Gross purchase price																						71,783	220,420
Debt Issued or Assumed																						$ (44,212)	$ (130,519)
RGMZ | RPT Realty - 2 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a							132		10											329
Contract price							$ 11,576		$ 3,645											$ 39,334
Gross purchase price							11,679		3,708											39,603
Debt Issued or Assumed							$ (6,946)		$ (2,187)											$ (23,600)
RGMZ | Single-Tenant Property
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a						2									14
Contract price						$ 2,200									$ 4,650
Gross purchase price						2,315									4,670
Debt Issued or Assumed						$ (1,320)									$ (2,790)
RGMZ | Ansonia Landing
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a					91
Contract price					$ 14,000
Gross purchase price					14,238
Debt Issued or Assumed					$ (8,400)
RGMZ | Walgreens Portfolio
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a				71
Contract price				$ 33,800
Gross purchase price				34,261
Debt Issued or Assumed				$ (20,897)
RGMZ | RPT Realty - 1 Income Producing Property
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a		55						20					6										20
Contract price		$ 10,229						$ 5,000					$ 1,543
Gross purchase price		9,290						5,047					1,581
Debt Issued or Assumed		$ (6,649)						$ (3,000)					$ (926)
RGMZ | RPT Realty - 13 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a														147							169
Contract price														$ 36,104							$ 36,196
Gross purchase price														36,725							37,228
Debt Issued or Assumed														$ (21,662)							$ (21,718)
RGMZ | Mountain Valley Shopping Center
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a											259
Contract price											$ 26,500
Gross purchase price											26,946
Debt Issued or Assumed											$ (15,900)
RGMZ | RPT Realty - 4 Income Producing Properties
Schedule of Equity Method Investments [Line Items]
Area of Real Estate Property | a										268
Contract price										$ 64,560
Gross purchase price										64,912
Debt Issued or Assumed										$ (38,736)

Equity Investments in Unconso_7

Equity Investments in Unconsolidated Joint Ventures - Total Aggregate Fair Value of Acquisitions Allocated and Reflected in Accordance with Accounting Guidance for Business Combinations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Land	$ 18,875	$ 48,019
Buildings and improvements	75,189	107,013
Above market leases	2,167	26,303
Lease origination costs	17,933	28,012
Below market leases	(3,919)	(6,763)
Net assets acquired	110,245	202,584
R2G | Level 3 | Unconsolidated joint ventures
Schedule of Equity Method Investments [Line Items]
Land	150,911	50,824
Buildings and improvements	195,291	219,211
Above market leases	1,329	7,906
Lease origination costs	34,654	34,442
Operating lease right-of-use assets	0	4,512
Below market leases	(9,522)	(8,231)
Operating lease liabilities	0	(6,800)
Net assets acquired	372,663	301,864
RGMZ | Level 3 | Unconsolidated joint ventures
Schedule of Equity Method Investments [Line Items]
Land	20,592	82,265
Buildings and improvements	44,308	71,061
Above market leases	285	54,254
Lease origination costs	6,934	13,705
Assets	72,119	221,285
Mortgage debt assumed at fair value	(19,187)	0
Below market leases	(2,046)	(865)
Net assets acquired	$ 50,886	$ 220,420

Equity Investments in Unconso_8

Equity Investments in Unconsolidated Joint Ventures - Mortgages (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Feb. 10, 2022	Feb. 09, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 859,790			$ 888,197
Total	854,596			884,185
Mortgages
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 3,290			$ 31,697
Weighted average interest rate	5.80%			4.02%
Total	$ 3,367			$ 31,850
Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 81,105			$ 29,080
Weighted average interest rate	2.90%			2.94%
Unamortized deferred financing costs	$ (1,052)			$ (564)
Total	80,053			28,516
Village Shoppes of Canton | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 22,050			$ 0
Stated interest rate	2.81%			0%
Village Shoppes of Canton | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate		2.81%
East Lake Woodlands | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 12,750			$ 12,750
Stated interest rate	2.94%			2.94%
South Pasadena | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance	$ 16,330			$ 16,330
Stated interest rate	2.94%			2.94%
Bedford Marketplace | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Principal Balance				$ 0
Stated interest rate				0%
Bedford Marketplace | Mortgages | R2G
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate			2.93%

Equity Investments in Unconso_9

Equity Investments in Unconsolidated Joint Ventures - Information of Fees Earned (Details) - Unconsolidated Joint Ventures - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
R2G
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	$ 3,282	$ 1,799	$ 1,395
RGMZ
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	843	187	0
Total
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	4,125	1,986	1,395
Management fees | R2G
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	2,448	1,376	895
Management fees | RGMZ
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	680	187	0
Management fees | Total
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	3,128	1,563	895
Leasing fees | R2G
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	594	418	490
Leasing fees | RGMZ
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	163	0	0
Leasing fees | Total
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	757	418	490
Construction fees | R2G
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	240	5	10
Construction fees | RGMZ
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	0	0	0
Construction fees | Total
Schedule of Equity Method Investments [Line Items]
TOTAL REVENUE	$ 240	$ 5	$ 10

Other Assets, Net and Acquire_3

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Other Assets (Details) $ in Thousands	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred leasing costs, net	$ 28,650	$ 28,308
Deferred financing costs on unsecured revolving credit facility, net	3,804	1,243
Acquired development agreements	14,884	15,928
Other, net	6,182	8,188
Total amortizable other assets	53,520	53,667
Straight-line rent receivable, net	15,612	16,220
Goodwill	2,089	2,089
Cash flow hedge mark-to-market asset	21,828	0
Preferred equity investments	13,830	13,529
Other assets held for sale	139	204
Prepaid and other deferred expenses, net	2,425	2,715
Other assets, net	109,443	$ 88,424
Public improvement fee	11,600
Real estate tax exemption	$ 3,300
Real estate tax exemption, number of properties | property	2

Other Assets, Net and Acquire_4

Other Assets, Net and Acquired Lease Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Straight-line rent receivables	$ 3,300	$ 4,500
Remaining weighted-average amortization period	10 years 2 months 12 days
Amortization of intangible assets	$ 1,100	$ 1,200	$ 700
Other assets and acquired lease intangibles, net, subject to amortization	$ 93,563

Other Assets, Net and Acquire_5

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Acquired Lease Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	$ 65,803	$ 68,905
Accumulated amortization	(25,760)	(31,051)
Acquired lease intangibles, net	40,043	37,854
Lease origination costs
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	58,892	63,011
Above market leases
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangible assets	$ 6,911	$ 5,894

Other Assets, Net and Acquire_6

Other Assets, Net and Acquired Lease Intangible Assets, Net - Schedule of Estimated Aggregate Amortization Expense Related to Other Assets (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Amortization Expense of Other Assets, Fiscal Year Maturity [Abstract]
2023	$ 16,235
2024	14,449
2025	11,555
2026	9,804
2027	7,337
Thereafter	34,183
Total	$ 93,563

Debt - Summary of Mortgages, No

Debt - Summary of Mortgages, Notes Payable and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Senior unsecured notes	$ 511,500	$ 511,500
Unsecured term loan facilities	310,000	310,000
Fixed rate mortgages	3,290	31,697
Unsecured revolving credit facility	35,000	35,000
Subtotal debt	859,790	888,197
Unamortized premium	77	153
Unamortized deferred financing costs	(5,271)	(4,165)
Total	854,596	884,185
Finance lease obligation	$ 763	$ 821

Debt - Senior Unsecured Notes (

Debt - Senior Unsecured Notes (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Aug. 02, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal Balance	$ 859,790		$ 888,197
Total	854,596		884,185
Senior Notes
Debt Instrument [Line Items]
Principal Balance	511,500		511,500
Unamortized deferred financing costs	(2,667)		(2,694)
Total	$ 508,833		$ 508,806
Weighted average interest rate	4.09%		4.09%
Senior unsecured notes - 4.27% due 2025 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 31,500		$ 31,500
Stated interest rate	4.27%		4.27%
Senior unsecured notes - 4.20% due 2025 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 50,000		$ 50,000
Stated interest rate	4.20%		4.20%
Senior unsecured notes - 4.09% due 2025 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 50,000		$ 50,000
Stated interest rate	4.09%		4.09%
Senior unsecured notes - 4.74% due 2026 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 50,000		$ 50,000
Stated interest rate	4.74%		4.74%
Senior unsecured notes - 4.28% due 2026 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 25,000		$ 25,000
Stated interest rate	4.28%		4.28%
Senior unsecured notes - 4.57% due 2027 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 30,000		$ 30,000
Stated interest rate	4.57%		4.57%
Senior unsecured notes - 3.64% due 2028 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 75,000		$ 75,000
Stated interest rate	3.64%		3.64%
Senior unsecured notes - 4.72% due 2029 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 20,000		$ 20,000
Stated interest rate	4.72%		4.72%
Senior unsecured notes - 4.15% due 2029 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 50,000		$ 50,000
Stated interest rate	4.15%		4.15%
Senior unsecured notes - 3.70% due 2030 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 75,000		$ 75,000
Stated interest rate	3.70%	3.70%	3.70%
Senior unsecured notes - 3.82% due 2031 | Senior Notes
Debt Instrument [Line Items]
Principal Balance	$ 55,000		$ 55,000
Stated interest rate	3.82%	3.82%	3.82%

Debt - Additional Information (

Debt - Additional Information (Details)			12 Months Ended
	Oct. 11, 2022 USD ($)	Aug. 18, 2022 USD ($) exercise	Dec. 31, 2022 USD ($) option tranche	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Aug. 02, 2022 USD ($)
Debt Instrument [Line Items]
Number of times to exercise increase in credit facility | exercise		5
Number of tranches | tranche			4
Loss on extinguishment of debt			$ (121,000)	$ (8,294,000)	$ 0
Unsecured revolving credit facility			35,000,000	35,000,000
Finance ground lease, gross carrying value			10,100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			500,000,000
Unsecured revolving credit facility, remaining borrowing capacity			$ 465,000,000
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate Index Adjustment
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)		0.10%
Revolving Credit Facility | Minimum | LIBOR
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)		1.05%
Revolving Credit Facility | Maximum | LIBOR
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)		1.50%
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 500,000,000
Number of extension options | option			2
Length of extension		6 months
Extension fee		0.0625%
Unsecured revolving credit facility			$ 35,000,000	$ 35,000,000
Line of credit facility, interest rate at period end			5.48%	1.25%
Line of Credit | Letter of Credit
Debt Instrument [Line Items]
Unsecured revolving credit facility			$ 0
Unsecured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			310,000,000
Accordion feature, increase limit		$ 440,000,000
Higher borrowing capacity option		1,250,000,000
Loss on extinguishment of debt		$ (100,000)
Unsecured Debt | Revolving Credit Facility | Minimum | LIBOR
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)		1.20%
Unsecured Debt | Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate Index Adjustment
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)		1.70%
Fixed Rate Mortgages
Debt Instrument [Line Items]
Debt instrument, collateral amount			$ 17,200,000
Senior unsecured notes - 3.70% due 2030 | Senior Notes
Debt Instrument [Line Items]
Principal Balance						$ 75,000,000
Stated interest rate			3.70%	3.70%		3.70%
Senior unsecured notes - 3.82% due 2031 | Senior Notes
Debt Instrument [Line Items]
Principal Balance						$ 55,000,000
Stated interest rate			3.82%	3.82%		3.82%
Revolving Credit Facility - Variable Rate Due 2026 | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Unsecured revolving credit facility			$ 35,000,000	$ 0
Line of credit facility, interest rate at period end			5.48%	0%
The Shops on Lane Avenue | Mortgages
Debt Instrument [Line Items]
Stated interest rate	3.76%		0%	3.76%
Repayments of secured debt	$ 27,200,000

Debt - Unsecured Term Loan Secu

Debt - Unsecured Term Loan Securities and Revolving Credit Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 859,790	$ 888,197
Total	854,596	884,185
Unsecured revolving credit facility	35,000	35,000
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	310,000	310,000
Unamortized deferred financing costs	(2,604)	(1,471)
Total	$ 307,396	$ 308,529
Weighted average interest rate	2.65%	2.86%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2023
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 0	$ 60,000
Stated interest rate	0%	3.02%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2024
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 0	$ 50,000
Stated interest rate	0%	2.51%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2025
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 0	$ 50,000
Stated interest rate	0%	2.57%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2026
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 50,000	$ 50,000
Stated interest rate	2.50%	2.95%
Percentage bearing fixed interest	1.20%
SOFR index adjustment (as a percentage)	0.10%
Revolving credit facility spread above LIBOR (as a percentage)	1.20%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan February Due 2027
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 100,000	$ 100,000
Stated interest rate	2.61%	3.04%
Percentage bearing fixed interest	1.31%
SOFR index adjustment (as a percentage)	0.10%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan August Due 2027
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 50,000	$ 0
Stated interest rate	2.52%	0%
Percentage bearing fixed interest	1.22%
SOFR index adjustment (as a percentage)	0.10%
Revolving credit facility spread above LIBOR (as a percentage)	1.20%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2028
Debt Instrument [Line Items]
Senior unsecured notes and unsecured term loans	$ 110,000	$ 0
Stated interest rate	2.80%	0%
Percentage bearing fixed interest	1.50%
SOFR index adjustment (as a percentage)	0.10%
Revolving credit facility spread above LIBOR (as a percentage)	1.20%
Revolving Credit Facility | Unsecured Debt | Unsecured Term Loan Due 2027
Debt Instrument [Line Items]
Revolving credit facility spread above LIBOR (as a percentage)	1.20%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 35,000	$ 35,000
Line of credit facility, interest rate at period end	5.48%	1.25%
Revolving Credit Facility | Line of Credit | Revolving Credit Facility - Variable Rate Due 2023
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 0	$ 35,000
Line of credit facility, interest rate at period end	0%	1.25%
Revolving Credit Facility | Line of Credit | Revolving Credit Facility - Variable Rate Due 2026
Debt Instrument [Line Items]
Unsecured revolving credit facility	$ 35,000	$ 0
Line of credit facility, interest rate at period end	5.48%	0%

Debt - Mortgages (Details)

Debt - Mortgages (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Oct. 11, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal Balance	$ 859,790		$ 888,197
Unamortized mortgage premium	77		153
Total	854,596		884,185
Mortgages
Debt Instrument [Line Items]
Principal Balance	$ 3,290		$ 31,697
Weighted average interest rate	5.80%		4.02%
Unamortized mortgage premium	$ 77		$ 153
Total	3,367		31,850
Mortgages | The Shops on Lane Avenue
Debt Instrument [Line Items]
Principal Balance	$ 0		$ 27,624
Stated interest rate	0%	3.76%	3.76%
Mortgages | Nagawaukee II
Debt Instrument [Line Items]
Principal Balance	$ 3,290		$ 4,073
Stated interest rate	5.80%		5.80%

Debt - Schedule of Principal Pa

Debt - Schedule of Principal Payments on Mortgages, Notes Payable, and Capital Lease Obligations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) option	Dec. 31, 2021 USD ($)
Principal Payments
2023	$ 829
2024	879
2025	132,431
2026	160,651
2027	180,000
Thereafter	385,000
Subtotal debt	859,790	$ 888,197
Unamortized mortgage premium	77	153
Unamortized deferred financing costs	(5,271)	(4,165)
Total	854,596	884,185
Finance Lease
2023	100
2024	100
2025	100
2026	100
2027	100
Thereafter	500
Total lease payments	1,000
Less imputed interest	(237)
Finance lease liability	763	821
Unsecured revolving credit facility	35,000	35,000
Revolving Credit Facility | Line of Credit
Finance Lease
Unsecured revolving credit facility	$ 35,000	$ 35,000
Number of extension options | option	2
Extension option	6 months

Acquired Lease Intangible Lia_3

Acquired Lease Intangible Liabilities, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangibles, net	$ 33,157	$ 36,207
Remaining weighted-average amortization period	10 years 2 months 12 days
Acquired Lease Intangible Liabilities
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangibles, net	$ 33,200	36,200
Remaining weighted-average amortization period	16 years 8 months 12 days
Increase in revenue, accretion of below market leases	$ 5,300	$ 3,900	$ 3,600

Acquired Lease Intangible Lia_4

Acquired Lease Intangible Liabilities, Net - Schedule of Estimated Aggregate Amortization Expense Related to Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Acquired lease intangibles, net	$ 40,043	$ 37,854
Acquired Lease Intangible Liabilities
Finite-Lived Intangible Assets [Line Items]
2023	5,316
2024	2,585
2025	2,474
2026	2,324
2027	2,223
Thereafter	18,235
Acquired lease intangibles, net	$ 33,157

Fair Value - Recorded Amount of

Fair Value - Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	$ 21,828	$ 0
Derivative liabilities - interest rate swaps	0	(2,712)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	0	0
Derivative liabilities - interest rate swaps	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	21,828	0
Derivative liabilities - interest rate swaps	0	(2,712)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets - interest rate swaps	0	0
Derivative liabilities - interest rate swaps	$ 0	$ 0

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurements [Line Items]
Long term debt, carrying value	$ 854,596	$ 884,185
Fixed Rate Mortgages | Level 2
Fair Value Measurements [Line Items]
Long term debt, carrying value	821,500	821,500
Long term debt, fair value	763,000	833,100
Fixed Rate Mortgages | Level 3
Fair Value Measurements [Line Items]
Long term debt, carrying value	3,300	31,700
Long term debt, fair value	3,300	32,400
Floating Rate Debt | Level 2
Fair Value Measurements [Line Items]
Long term debt, fair value	$ 35,300	$ 35,000

Fair Value - Recorded Amount _2

Fair Value - Recorded Amount of Real Estate Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring $ in Thousands	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Fair Value	$ 30,171
Total Impairment	(17,201)
Level 1
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	30,171
Income producing properties | Level 1
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Income producing properties | Level 2
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	0
Income producing properties
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Fair Value	30,171
Total Impairment	(17,201)
Income producing properties | Level 3
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Total Impairment	$ 30,171

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - Dec. 31, 2022	instrument	USD ($)	tranche
Interest Rate Contract
Derivative [Line Items]
Number of interest rate swap agreements | instrument	10
Aggregate notional amount		$ 310,000,000
Interest Rate Contract | SOFR
Derivative [Line Items]
Number of interest rate swap agreements | instrument	9
Aggregate notional amount		250,000,000
Interest Rate Swap
Derivative [Line Items]
Number of interest rate swap agreements	4		4
Aggregate notional amount		$ 160,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Notional Values and Fair Values of Derivative Financial Instruments (Details) - Cash Flow Hedging - Designated as Hedging Instrument - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Unsecured term loan facility with: 1.770% Swap Rate, Expiration Date 03/2023 | LIBOR
Derivative [Line Items]
Derivative asset, notional amount	$ 60,000,000
Derivative liability, notional amount		$ 60,000,000
Fixed rate (as a percent)	1.77%	1.77%
Derivative assets, fair value	$ 264,000
Derivative liabilities, at fair value		$ (875,000)
Unsecured term loan facility with: 1.165% Swap Rate, Expiration Date 11/2024 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 30,000,000
Fixed rate (as a percent)	1.165%
Derivative assets, fair value	$ 1,761,000
Unsecured term loan facility with: 1.182% Swap Rate, Expiration Date 11/2024 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 10,000,000
Fixed rate (as a percent)	1.169%
Derivative assets, fair value	$ 587,000
Unsecured term loan facility with: 1.169% Swap Rate, Expiration Date 11/2024 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 10,000,000
Fixed rate (as a percent)	1.182%
Derivative assets, fair value	$ 585,000
Unsecured term loan facility with: 1.239% Swap Rate, Expiration Date 01/2025 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.21%
Derivative assets, fair value	$ 1,529,000
Unsecured term loan facility with: 1.120% Swap Rate, Expiration Date 01/2025 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.239%
Derivative assets, fair value	$ 1,512,000
Unsecured term loan facility with: 1.201% Swap Rate, Expiration Date 11/2026 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
Fixed rate (as a percent)	1.201%
Derivative assets, fair value	$ 4,694,000
Unsecured term loan facility with: 1.335% Swap Rate, Expiration Date 01/2027 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.308%
Derivative assets, fair value	$ 2,316,000
Unsecured term loan facility with: 1.289% Swap Rate, Expiration Date 01/2027 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
Fixed rate (as a percent)	1.289%
Derivative assets, fair value	$ 4,634,000
Unsecured term loan facility with: 1.308% Swap Rate, Expiration Date 01/2027 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 25,000,000
Fixed rate (as a percent)	1.335%
Derivative assets, fair value	$ 2,292,000
Unsecured term loan facility with: 2.855% Swap Rate, Expiration Date 08/2027 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
Fixed rate (as a percent)	2.855%
Derivative assets, fair value	$ 367,000
Unsecured term loan facility with: 3.344% Swap Rate, Expiration Date 02/2028 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 30,000,000
Fixed rate (as a percent)	3.344%
Derivative assets, fair value	$ 421,000
Unsecured term loan facility with: 3.359% Swap Rate, Expiration Date 02/2028 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 30,000,000
Fixed rate (as a percent)	3.359%
Derivative assets, fair value	$ 407,000
Unsecured term loan facility with: 2.865% Swap Rate, Expiration Date 02/2028 | SOFR
Derivative [Line Items]
Derivative asset, notional amount	$ 50,000,000
Fixed rate (as a percent)	2.865%
Derivative assets, fair value	$ 459,000
Unsecured term loan facility with: 1.260% Swap Rate, Expiration Date 11/2024 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 30,000,000
Fixed rate (as a percent)		1.26%
Derivative liabilities, at fair value		$ (211,000)
Unsecured term loan facility with: 1.259% Swap Rate, Expiration Date 11/2024 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 10,000,000
Fixed rate (as a percent)		1.259%
Derivative liabilities, at fair value		$ (70,000)
Unsecured term loan facility with: 1.269% Swap Rate, Expiration Date 11/2024 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 10,000,000
Fixed rate (as a percent)		1.269%
Derivative liabilities, at fair value		$ (73,000)
Unsecured term loan facility with: 1.310% Swap Rate, Expiration Date 01/2025 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 25,000,000
Fixed rate (as a percent)		1.31%
Derivative liabilities, at fair value		$ (204,000)
Unsecured term loan facility with: 1.297% Swap Rate, Expiration Date 11/2026 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 50,000,000
Fixed rate (as a percent)		1.297%
Derivative liabilities, at fair value		$ (211,000)
Unsecured term loan facility with: 1.324% Swap Rate, Expiration Date 01/2025 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 25,000,000
Fixed rate (as a percent)		1.324%
Derivative liabilities, at fair value		$ (215,000)
Unsecured term loan facility with: 1.402% Swap Rate, Expiration Date 01/2027 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 25,000,000
Fixed rate (as a percent)		1.402%
Derivative liabilities, at fair value		$ (226,000)
Unsecured term loan facility with: 1.382% Swap Rate, Expiration Date 01/2027 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 50,000,000
Fixed rate (as a percent)		1.382%
Derivative liabilities, at fair value		$ (405,000)
Unsecured term loan facility with: 1.398% Swap Rate, Expiration Date 01/2027 | LIBOR
Derivative [Line Items]
Derivative liability, notional amount		$ 25,000,000
Fixed rate (as a percent)		1.398%
Derivative liabilities, at fair value		$ (222,000)
Interest Rate Swap
Derivative [Line Items]
Derivative asset, notional amount	470,000,000
Derivative liability, notional amount		310,000,000
Derivative assets, fair value	21,828,000
Derivative liabilities, at fair value		$ (2,712,000)
Interest rate swap
Derivative [Line Items]
Derivative asset, notional amount	310,000,000
Derivative assets, fair value	$ 20,174,000

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 25,570	$ 15,906
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(1,030)	(4,150)
Derivative Assets
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	23,093	0
Derivative Liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	2,477	15,906
Interest Expense | Derivative Assets | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(1,265)	0
Interest Expense | Derivative Liabilities | Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	$ 235	$ (4,150)

Leases - Future Minimum Revenue

Leases - Future Minimum Revenue From Rentals Under Non-cancelable Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Rent on Operating Leases
2023	$ 150,012
2024	136,302
2025	115,937
2026	96,986
2027	73,029
Thereafter	194,778
Total	767,044
Variable lease payment	$ 44,100	$ 47,800
Shopping centers
Rent on Operating Leases
Aggregate portfolio, percent leased	93.60%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) option	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Finance lease cost	$ 43	$ 46	$ 48
Non-recoverable operating expense
Lessee, Lease, Description [Line Items]
Operating lease cost	1,162	1,162	1,162
General and administrative expense
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 652	$ 604	$ 581
New York
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years
Michigan
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	5 years
Lessee, operating lease, number of renewal options | option	2

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Operating lease assets	$ 17,269	$ 17,934
Finance lease asset	10,095	10,095
Total leased assets	27,364	28,029
LIABILITIES
Operating lease liabilities	17,016	17,431
Finance lease liability	763	821
Total lease liabilities	$ 17,779	$ 18,252
Weighted Average Remaining Lease Terms
Operating leases	73 years	71 years
Finance lease	10 years	11 years
Weighted Average Incremental Borrowing Rate
Operating leases	6.22%	6.16%
Finance lease	5.23%	5.23%
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Land	Land

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 1,565	$ 1,504
Operating cash flows from finance lease	42	46
Financing cash flows from finance lease	$ 58	$ 54

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Leases
2023	$ 1,496
2024	1,118
2025	1,048
2026	1,093
2027	1,108
Thereafter	92,228
Total lease payments	98,091
Less imputed interest	(81,075)
Operating lease liabilities	17,016	$ 17,431
Finance Lease
2023	100
2024	100
2025	100
2026	100
2027	100
Thereafter	500
Total lease payments	1,000
Less imputed interest	(237)
Finance lease liability	$ 763	$ 821

Earnings per Common Share - Com

Earnings per Common Share - Computation of Basic Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 85,657	$ 70,264	$ (10,474)
Net (income) loss attributable to noncontrolling interest	(1,607)	(1,625)	241
Preferred share dividends	(6,701)	(6,701)	(6,701)
Allocation of income to restricted share awards	(956)	(498)	(136)
Net income (loss) available to common shareholders	$ 76,393	$ 61,440	$ (17,070)
Weighted average shares outstanding, Basic (in shares)	84,231	81,083	79,998
Earnings (Loss) per common share, Basic (in dollars per share)	$ 0.91	$ 0.76	$ (0.21)

Earnings per Common Share - C_2

Earnings per Common Share - Computation of Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income (loss)	$ 85,657	$ 70,264	$ (10,474)
Net (income) loss attributable to noncontrolling interest	(1,607)	(1,625)	241
Preferred share dividends	(6,701)	(6,701)	(6,701)
Allocation of income to restricted share awards	(956)	(498)	(136)
Net income (loss) available to common shareholders	$ 76,393	$ 61,440	$ (17,070)
Weighted average shares outstanding, Basic (in shares)	84,231	81,083	79,998
Restricted share awards using the treasury method (in shares)	1,243	1,215	0
Weighted average shares outstanding, Diluted (in shares)	85,474	82,298	79,998
Earnings per common share, Diluted (in dollars per share)	$ 0.89	$ 0.75	$ (0.21)

Earnings per Common Share - C_3

Earnings per Common Share - Computation of Diluted Earnings Per Share Convertible (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued (in shares)	3,453	3,604	5,329
Converted (in shares)	8,621	8,772	9,422
Operating Partnership Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued (in shares)	1,604	1,755	1,909
Converted (in shares)	1,604	1,755	1,909
Series D Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued (in shares)	1,849	1,849	1,849
Converted (in shares)	7,017	7,017	7,017
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Issued (in shares)	0	0	1,571
Converted (in shares)	0	0	496

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Feb. 29, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 28, 2022
Stockholders Equity Note [Line Items]
Sale of stock, maximum potential consideration	$ 100,000,000
Common stock issued (in shares)		75,000
Gross proceeds before issuance costs		$ 1,000,000
Shares authorized value to be issued under distribution agreement					$ 150,000,000
Sale of stock, number of shares sold (shares)		1,226,271
Sale of stock, price per share		$ 13.85
Sale of stock, consideration received		$ 17,000,000
Common stock available for issuance		$ 133,000,000
Noncontrolling interest, exchange ratio for Company common stock		1
Conversion of units for cash (in units)			140,346
Conversion and redemption of operating partnership units in shares		$ 0	$ 177,000	$ 0
Series D Preferred Shares
Stockholders Equity Note [Line Items]
Cumulative convertible perpetual preferred shares, shares issued (in shares)		1,848,539	1,848,539	1,848,539
Cumulative convertible perpetual preferred shares, dividend rate percentage		7.25%	7.25%	7.25%
Cumulative convertible perpetual preferred shares, liquidation preference (in dollars per share)		$ 50	$ 50	$ 50
Preferred shares, par value (in dollars per share)		0.01	0.01	0.01
Common share conversion rate (in dollars per share)		$ 13.17	$ 13.17	$ 13.17
Convertible preferred stock to be issued upon conversion (in shares)		7,000,000	7,000,000	7,000,000
Noncontrolling Interest
Stockholders Equity Note [Line Items]
Cumulative convertible perpetual preferred shares, shares issued (in shares)		1,604,394	1,754,842	1,909,018
Conversion of units for cash (in units)		0	13,830	0
Noncontrolling Interest | OP Units
Stockholders Equity Note [Line Items]
Conversion of units for cash (in units)		150,448

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Dividends Declared and Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Common shares dividends declared (in dollars per share)	$ 0.520	$ 0.390	$ 0.220
Common shares dividends paid (in dollars per share)	0.510	0.270	0.440
Preferred shares dividends declared (in dollars per share)	3.625	3.625	3.625
Preferred shares dividends paid (in dollars per share)	$ 3.625	$ 3.625	$ 3.625

Shareholders' Equity - Summar_2

Shareholders' Equity - Summary of Dividends Paid (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	$ 0.510	$ 0.270	$ 0.440
Preferred shares dividends paid for income tax purposes (in dollars per share)	3.625	3.625	3.625
Qualified dividend
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0.020	0.011	0
Preferred shares dividends paid for income tax purposes (in dollars per share)	0.145	0.737	0
Section 199A dividend
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0.409	0.043	0.391
Preferred shares dividends paid for income tax purposes (in dollars per share)	2.997	2.888	3.625
Ordinary dividend
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0.429	0.054	0.391
Preferred shares dividends paid for income tax purposes (in dollars per share)	3.142	3.625	3.625
Capital gain distribution
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	0.066	0	0
Preferred shares dividends paid for income tax purposes (in dollars per share)	0.483	0	0
Non-dividend distribution
Dividends Payable [Line Items]
Common shares dividends declared for income tax purposes (in dollars per share)	$ 0.015	$ 0.216	$ 0.049

Share-Based Compensation and _3

Share-Based Compensation and Other Benefit Plans - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) plan shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan	2
Share-based compensation expense | $	$ 9.7	$ 8.1	$ 6.3
Expense related to restricted share grants | $	$ 4.2	4.1	3.7
Shareholder return	3 years
Total unrecognized compensation expense | $	$ 12.8
Total unrecognized compensation expense, weighted average period of recognition	1 year 10 months 24 days
Defined contribution plan expense | $	$ 0.3	$ 0.2	$ 0.2
Omnibus Long-Term Incentive Plan, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	5,100,000
Number of shares terminated (in shares)	3,080
Omnibus Long-Term Incentive Plan, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for issuance (in shares)	2,100,000
Number of shares terminated (in shares)	896,899
Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for grant (in shares)	6,000,000
Number of shares available for issuance (in shares)	5,000,000
Number of shares terminated (in shares)	0
Long Term Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)	0	0	0
Trustee Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, shares granted (in shares)	351,116
Equity Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $	$ 5.5	$ 3.6	$ 2.4
Cash award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $		$ 0.4	$ 0.2
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based liability awards, measurement period	3 years
Minimum | Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	3 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance-based liability awards, measurement period	4 years
Maximum | Service And Performancebased Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based restricted stock, vesting period (in years)	5 years

Share-Based Compensation and _4

Share-Based Compensation and Other Benefit Plans - Summary of Activity of Service Based Restricted Shares Under LTIP (Details) - Service-based restricted stock - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Outstanding at the beginning of the year (in shares)	849,547	842,321	449,643
Service based restricted stock, shares granted (in shares)	351,116	348,667	636,024
Vested (in shares)	(290,253)	(336,592)	(205,839)
Forfeited or expired (in shares)	(10,431)	(4,849)	(37,507)
Outstanding at the end of the year (in shares)	899,979	849,547	842,321
Weighted- Average Grant Date Fair Value
Outstanding at the beginning of the year (in dollars per share)	$ 9.96	$ 9.75	$ 12.40
Granted (in dollars per share)	11.97	10.92	8.91
Vested (in dollars per share)	11.85	10.47	12.38
Forfeited or expired (in dollars per share)	12.05	8.22	12.78
Outstanding at the beginning of the year (in dollars per share)	$ 10.11	$ 9.96	$ 9.75

Share-Based Compensation Plans

Share-Based Compensation Plans - Weighted Average Assumptions (Details) - Equity Award - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in dollars per share)		$ 10.45
Expected dividend rate		0%
Expected stock price volatility		57.10%
Risk-free interest rate		0.20%
Expected life (in years)		2 years 10 months 17 days
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in dollars per share)	$ 11.95		$ 5.03
Expected dividend rate			0%
Expected stock price volatility	58.50%		23.30%
Risk-free interest rate	1.40%		0.30%
Expected life (in years)	2 years 7 months 2 days		2 years 10 months 6 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing share price (in dollars per share)	$ 12.71		$ 13.09
Expected dividend rate	0%		6.70%
Expected stock price volatility	61.60%		46.20%
Risk-free interest rate	2.80%		0.90%
Expected life (in years)	2 years 10 months 2 days		4 years 2 months 4 days

Taxes - Additional Information

Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Distribute annually at least percent	90%
Federal and state deferred tax asset	$ 6,800,000
Federal and state deferred tax asset, valuation allowance	6,800,000
Increase in valuation allowance for federal and state deferred tax asset		$ (1,800,000)
Income tax provision (benefit)	120,000	(88,000)	$ (25,000)
Unrecognized tax benefits	0	0	0
Significant increase (decrease) in unrecognized tax benefits	0
Interest or penalties relating to income taxes expensed	0	0	0
Interest or penalties relating to income taxes accrued	$ 0	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Construction costs related to development and expansion	$ 6.4
Contractual Obligation	1.6
Special assessment bond	$ 12.2
Bond financing agreement, amortization period	20 years
Debt service payments	$ 5.7

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	2 Months Ended	12 Months Ended
	Feb. 16, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Proceeds on revolving credit facility		$ 280,958	$ 225,000	$ 225,000
Unsecured revolving credit facility repaid		$ 280,958	$ 290,000	$ 125,000
Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Proceeds on revolving credit facility	$ 12,000
Unsecured revolving credit facility repaid	$ 4,000

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 8,493	$ 13,107	$ 12,996	$ 1,037
Charged to Costs and Expenses	1,064	2,450	12,884
Charged to Other Accounts	(5,678)	(2,339)	(925)
Deductions	0	0	0
Balance at End of Year	8,493	13,107	12,996
Straight Line Rent Reserve
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	3,290	4,504	4,091	$ 1,825
Charged to Costs and Expenses	(1,214)	522	2,721
Charged to Other Accounts	0	(109)	(455)
Deductions	0	0	0
Balance at End of Year	$ 3,290	$ 4,504	$ 4,091

Schedule III - Summary of Rea_2

Schedule III - Summary of Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,290
Initial Cost to Company, Land	340,182
Initial Cost to Company, Building & Improvements	1,145,101
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	231,559
Gross Amounts at which Carried at Close of Period, Land	320,060
Gross Amounts at which Carried at Close of Period, Building & Improvements	1,396,782
Gross Amounts at which Carried at Close of Period, Total	1,716,842	$ 1,874,967	$ 1,855,549	$ 1,860,382
Accumulated Depreciation	386,036	$ 422,270	$ 392,301	$ 352,006
Bellevue Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,061
Initial Cost to Company, Building & Improvements	6,544
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	529
Gross Amounts at which Carried at Close of Period, Land	2,061
Gross Amounts at which Carried at Close of Period, Building & Improvements	7,073
Gross Amounts at which Carried at Close of Period, Total	9,134
Accumulated Depreciation	391
Bridgewater Falls
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	9,831
Initial Cost to Company, Building & Improvements	76,446
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(199)
Gross Amounts at which Carried at Close of Period, Land	9,831
Gross Amounts at which Carried at Close of Period, Building & Improvements	76,247
Gross Amounts at which Carried at Close of Period, Total	86,078
Accumulated Depreciation	18,551
Brookline Village
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,592
Initial Cost to Company, Building & Improvements	3,146
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	38
Gross Amounts at which Carried at Close of Period, Land	1,592
Gross Amounts at which Carried at Close of Period, Building & Improvements	3,184
Gross Amounts at which Carried at Close of Period, Total	4,776
Accumulated Depreciation	53
Buttermilk Towne Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	13,249
Initial Cost to Company, Building & Improvements	21,103
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(652)
Gross Amounts at which Carried at Close of Period, Land	10,095
Gross Amounts at which Carried at Close of Period, Building & Improvements	23,605
Gross Amounts at which Carried at Close of Period, Total	33,700
Accumulated Depreciation	6,811
Centennial Shops
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	0
Initial Cost to Company, Building & Improvements	29,639
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	574
Gross Amounts at which Carried at Close of Period, Land	0
Gross Amounts at which Carried at Close of Period, Building & Improvements	30,213
Gross Amounts at which Carried at Close of Period, Total	30,213
Accumulated Depreciation	6,347
Central Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	10,250
Initial Cost to Company, Building & Improvements	10,909
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,574
Gross Amounts at which Carried at Close of Period, Land	10,250
Gross Amounts at which Carried at Close of Period, Building & Improvements	13,483
Gross Amounts at which Carried at Close of Period, Total	23,733
Accumulated Depreciation	3,767
Clinton Pointe
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,175
Initial Cost to Company, Building & Improvements	10,499
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,025
Gross Amounts at which Carried at Close of Period, Land	1,176
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,523
Gross Amounts at which Carried at Close of Period, Total	13,699
Accumulated Depreciation	5,820
Crofton Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	8,012
Initial Cost to Company, Building & Improvements	22,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,547
Gross Amounts at which Carried at Close of Period, Land	8,012
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,321
Gross Amounts at which Carried at Close of Period, Total	32,333
Accumulated Depreciation	5,025
Cypress Point
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,968
Initial Cost to Company, Building & Improvements	17,637
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,359
Gross Amounts at which Carried at Close of Period, Land	2,968
Gross Amounts at which Carried at Close of Period, Building & Improvements	19,996
Gross Amounts at which Carried at Close of Period, Total	22,964
Accumulated Depreciation	5,674
Deer Creek Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	6,070
Initial Cost to Company, Building & Improvements	18,105
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,407
Gross Amounts at which Carried at Close of Period, Land	6,070
Gross Amounts at which Carried at Close of Period, Building & Improvements	20,512
Gross Amounts at which Carried at Close of Period, Total	26,582
Accumulated Depreciation	6,135
Deer Grove Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	8,408
Initial Cost to Company, Building & Improvements	8,197
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	4,457
Gross Amounts at which Carried at Close of Period, Land	7,873
Gross Amounts at which Carried at Close of Period, Building & Improvements	13,189
Gross Amounts at which Carried at Close of Period, Total	21,062
Accumulated Depreciation	5,959
Deerfield Towne Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	6,868
Initial Cost to Company, Building & Improvements	78,551
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	9,130
Gross Amounts at which Carried at Close of Period, Land	6,868
Gross Amounts at which Carried at Close of Period, Building & Improvements	87,681
Gross Amounts at which Carried at Close of Period, Total	94,549
Accumulated Depreciation	24,365
Front Range Village
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	19,413
Initial Cost to Company, Building & Improvements	80,600
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	14,991
Gross Amounts at which Carried at Close of Period, Land	20,295
Gross Amounts at which Carried at Close of Period, Building & Improvements	94,709
Gross Amounts at which Carried at Close of Period, Total	115,004
Accumulated Depreciation	21,431
Heritage Place
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	13,899
Initial Cost to Company, Building & Improvements	22,506
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	4,554
Gross Amounts at which Carried at Close of Period, Land	13,899
Gross Amounts at which Carried at Close of Period, Building & Improvements	27,060
Gross Amounts at which Carried at Close of Period, Total	40,959
Accumulated Depreciation	10,018
Highland Lakes
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	4,714
Initial Cost to Company, Building & Improvements	9,378
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	679
Gross Amounts at which Carried at Close of Period, Land	4,714
Gross Amounts at which Carried at Close of Period, Building & Improvements	10,057
Gross Amounts at which Carried at Close of Period, Total	14,771
Accumulated Depreciation	369
Holcomb Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	658
Initial Cost to Company, Building & Improvements	5,953
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	3,906
Gross Amounts at which Carried at Close of Period, Land	658
Gross Amounts at which Carried at Close of Period, Building & Improvements	9,859
Gross Amounts at which Carried at Close of Period, Total	10,517
Accumulated Depreciation	5,642
Hunters Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	7,673
Initial Cost to Company, Building & Improvements	52,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	6,447
Gross Amounts at which Carried at Close of Period, Land	7,577
Gross Amounts at which Carried at Close of Period, Building & Improvements	59,317
Gross Amounts at which Carried at Close of Period, Total	66,894
Accumulated Depreciation	17,645
Lakehills Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	17,987
Initial Cost to Company, Building & Improvements	12,828
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	254
Gross Amounts at which Carried at Close of Period, Land	17,988
Gross Amounts at which Carried at Close of Period, Building & Improvements	13,081
Gross Amounts at which Carried at Close of Period, Total	31,069
Accumulated Depreciation	1,509
Lakeland Park Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	15,365
Initial Cost to Company, Building & Improvements	0
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	40,770
Gross Amounts at which Carried at Close of Period, Land	16,119
Gross Amounts at which Carried at Close of Period, Building & Improvements	40,016
Gross Amounts at which Carried at Close of Period, Total	56,135
Accumulated Depreciation	10,699
Marketplace of Delray
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	7,922
Initial Cost to Company, Building & Improvements	18,910
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(1,071)
Gross Amounts at which Carried at Close of Period, Land	6,378
Gross Amounts at which Carried at Close of Period, Building & Improvements	19,383
Gross Amounts at which Carried at Close of Period, Total	25,761
Accumulated Depreciation	5,812
Merchants' Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	4,997
Initial Cost to Company, Building & Improvements	18,346
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	5,557
Gross Amounts at which Carried at Close of Period, Land	4,453
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,447
Gross Amounts at which Carried at Close of Period, Total	28,900
Accumulated Depreciation	9,313
Nagawaukee Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	3,290
Initial Cost to Company, Land	7,549
Initial Cost to Company, Building & Improvements	30,898
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	4,478
Gross Amounts at which Carried at Close of Period, Land	7,517
Gross Amounts at which Carried at Close of Period, Building & Improvements	35,408
Gross Amounts at which Carried at Close of Period, Total	42,925
Accumulated Depreciation	9,989
Newnan Pavillion
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	6,550
Initial Cost to Company, Building & Improvements	23,581
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	884
Gross Amounts at which Carried at Close of Period, Land	6,550
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,465
Gross Amounts at which Carried at Close of Period, Total	31,015
Accumulated Depreciation	1,850
Northborough Crossing
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	7,568
Initial Cost to Company, Building & Improvements	17,504
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,962
Gross Amounts at which Carried at Close of Period, Land	7,568
Gross Amounts at which Carried at Close of Period, Building & Improvements	20,466
Gross Amounts at which Carried at Close of Period, Total	28,034
Accumulated Depreciation	1,094
Olentangy Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	4,283
Initial Cost to Company, Building & Improvements	20,774
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	3,664
Gross Amounts at which Carried at Close of Period, Land	4,283
Gross Amounts at which Carried at Close of Period, Building & Improvements	24,438
Gross Amounts at which Carried at Close of Period, Total	28,721
Accumulated Depreciation	6,178
Parkway Shops
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	3,145
Initial Cost to Company, Building & Improvements	0
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	21,389
Gross Amounts at which Carried at Close of Period, Land	5,827
Gross Amounts at which Carried at Close of Period, Building & Improvements	18,707
Gross Amounts at which Carried at Close of Period, Total	24,534
Accumulated Depreciation	5,424
Peachtree Hill
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	7,517
Initial Cost to Company, Building & Improvements	17,062
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(7,509)
Gross Amounts at which Carried at Close of Period, Land	6,134
Gross Amounts at which Carried at Close of Period, Building & Improvements	10,936
Gross Amounts at which Carried at Close of Period, Total	17,070
Accumulated Depreciation	2,409
Promenade at Pleasant Hill
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	3,891
Initial Cost to Company, Building & Improvements	22,520
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	7,509
Gross Amounts at which Carried at Close of Period, Land	3,330
Gross Amounts at which Carried at Close of Period, Building & Improvements	30,590
Gross Amounts at which Carried at Close of Period, Total	33,920
Accumulated Depreciation	13,971
Providence Marketplace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	22,171
Initial Cost to Company, Building & Improvements	85,657
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(1,147)
Gross Amounts at which Carried at Close of Period, Land	22,088
Gross Amounts at which Carried at Close of Period, Building & Improvements	84,593
Gross Amounts at which Carried at Close of Period, Total	106,681
Accumulated Depreciation	14,853
River City Marketplace
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	19,768
Initial Cost to Company, Building & Improvements	73,859
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	3,808
Gross Amounts at which Carried at Close of Period, Land	11,087
Gross Amounts at which Carried at Close of Period, Building & Improvements	86,348
Gross Amounts at which Carried at Close of Period, Total	97,435
Accumulated Depreciation	31,958
Shoppes of Lakeland
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	5,503
Initial Cost to Company, Building & Improvements	20,236
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	2,586
Gross Amounts at which Carried at Close of Period, Land	5,236
Gross Amounts at which Carried at Close of Period, Building & Improvements	23,089
Gross Amounts at which Carried at Close of Period, Total	28,325
Accumulated Depreciation	5,943
Southfield Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,121
Initial Cost to Company, Building & Improvements	10,777
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,403
Gross Amounts at which Carried at Close of Period, Land	1,121
Gross Amounts at which Carried at Close of Period, Building & Improvements	12,180
Gross Amounts at which Carried at Close of Period, Total	13,301
Accumulated Depreciation	8,763
Spring Meadows Place
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,646
Initial Cost to Company, Building & Improvements	16,758
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	15,946
Gross Amounts at which Carried at Close of Period, Land	4,539
Gross Amounts at which Carried at Close of Period, Building & Improvements	30,811
Gross Amounts at which Carried at Close of Period, Total	35,350
Accumulated Depreciation	16,334
The Crossings
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	17,283
Initial Cost to Company, Building & Improvements	72,043
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	0
Gross Amounts at which Carried at Close of Period, Land	17,283
Gross Amounts at which Carried at Close of Period, Building & Improvements	72,043
Gross Amounts at which Carried at Close of Period, Total	89,326
Accumulated Depreciation	2,038
Treasure Coast Commons
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,924
Initial Cost to Company, Building & Improvements	10,644
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	1,217
Gross Amounts at which Carried at Close of Period, Land	2,924
Gross Amounts at which Carried at Close of Period, Building & Improvements	11,861
Gross Amounts at which Carried at Close of Period, Total	14,785
Accumulated Depreciation	3,791
Village Lakes Shopping Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	862
Initial Cost to Company, Building & Improvements	7,768
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	8,428
Gross Amounts at which Carried at Close of Period, Land	862
Gross Amounts at which Carried at Close of Period, Building & Improvements	16,196
Gross Amounts at which Carried at Close of Period, Total	17,058
Accumulated Depreciation	8,817
Vista Plaza
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	3,667
Initial Cost to Company, Building & Improvements	16,769
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	776
Gross Amounts at which Carried at Close of Period, Land	3,667
Gross Amounts at which Carried at Close of Period, Building & Improvements	17,545
Gross Amounts at which Carried at Close of Period, Total	21,212
Accumulated Depreciation	4,640
West Broward
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	5,339
Initial Cost to Company, Building & Improvements	11,521
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(848)
Gross Amounts at which Carried at Close of Period, Land	4,610
Gross Amounts at which Carried at Close of Period, Building & Improvements	11,402
Gross Amounts at which Carried at Close of Period, Total	16,012
Accumulated Depreciation	2,763
West Allis Towne Centre
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,866
Initial Cost to Company, Building & Improvements	16,789
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	16,622
Gross Amounts at which Carried at Close of Period, Land	1,866
Gross Amounts at which Carried at Close of Period, Building & Improvements	33,411
Gross Amounts at which Carried at Close of Period, Total	35,277
Accumulated Depreciation	16,711
West Oaks I
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,058
Initial Cost to Company, Building & Improvements	17,173
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	21,316
Gross Amounts at which Carried at Close of Period, Land	2,826
Gross Amounts at which Carried at Close of Period, Building & Improvements	36,721
Gross Amounts at which Carried at Close of Period, Total	39,547
Accumulated Depreciation	15,157
West Oaks II
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,391
Initial Cost to Company, Building & Improvements	12,519
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	8,822
Gross Amounts at which Carried at Close of Period, Land	1,315
Gross Amounts at which Carried at Close of Period, Building & Improvements	21,417
Gross Amounts at which Carried at Close of Period, Total	22,732
Accumulated Depreciation	12,324
Winchester Center
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	5,667
Initial Cost to Company, Building & Improvements	18,559
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	7,867
Gross Amounts at which Carried at Close of Period, Land	5,517
Gross Amounts at which Carried at Close of Period, Building & Improvements	26,576
Gross Amounts at which Carried at Close of Period, Total	32,093
Accumulated Depreciation	7,318
Woodbury Lakes
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	10,411
Initial Cost to Company, Building & Improvements	55,635
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	28,229
Gross Amounts at which Carried at Close of Period, Land	10,411
Gross Amounts at which Carried at Close of Period, Building & Improvements	83,864
Gross Amounts at which Carried at Close of Period, Total	94,275
Accumulated Depreciation	20,933
Woodstock Square
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	6,624
Initial Cost to Company, Building & Improvements	27,184
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	954
Gross Amounts at which Carried at Close of Period, Land	6,624
Gross Amounts at which Carried at Close of Period, Building & Improvements	28,138
Gross Amounts at which Carried at Close of Period, Total	34,762
Accumulated Depreciation	1,396
Land Held for Future Development
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	28,266
Initial Cost to Company, Building & Improvements	14,026
Capitalized Subsequent to Acquisition or Improvements, Net of Impairments	(18,673)
Gross Amounts at which Carried at Close of Period, Land	17,998
Gross Amounts at which Carried at Close of Period, Building & Improvements	5,621
Gross Amounts at which Carried at Close of Period, Total	23,619
Accumulated Depreciation	$ 46

Schedule III - Summary Real Est

Schedule III - Summary Real Estate and Accumulated Depreciation - Real Estate Investment and Accumulated Depreciation Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of total real estate carrying value:
Balance at beginning of year	$ 1,874,967	$ 1,855,549	$ 1,860,382
Acquisition	94,064	155,032	0
Improvements	24,188	23,934	18,663
Cost of real estate sold/written off	(275,446)	(141,343)	(22,898)
Impairment	0	(17,201)	(598)
Reclassification to held for sale	(931)	(1,004)	0
Balance at end of year	1,716,842	1,874,967	1,855,549
Reconciliation of accumulated depreciation:
Balance at beginning of year	422,270	392,301	352,006
Depreciation Expense	54,474	54,643	54,253
Cost of real estate sold/written off	(89,777)	(23,670)	(13,958)
Reclassification to held for sale	(931)	(1,004)	0
Aggregate cost for federal income tax purposes	1,804,617	1,944,380	1,923,056
Balance at end of year	$ 386,036	$ 422,270	$ 392,301