v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Real estate investments    
Real estate property $ 1,682,017 $ 1,670,879
Accumulated depreciation (271,006) (255,641)
Real estate property, net 1,411,011 1,415,238
Real estate developments 41,506 46,423
Investments in sales-type leases, net of allowances (credit losses) of $18 as of June 30, 2025 9,421 0
Investments in real estate joint ventures and partnerships 5,907 5,907
Real estate intangible assets, net 28,427 31,176
Real estate investments, net 1,496,272 1,498,744
Cash and cash equivalents 8,579 33,436
Restricted cash 1,518 236
Accounts receivable, net of allowances (credit losses and doubtful accounts) of $1,727 and $1,701 as of June 30, 2025 and December 31, 2024, respectively 4,097 3,697
Goodwill 8,729 8,729
Other receivables, net of allowances (credit losses) of $2,208 and $2,393 as of June 30, 2025 and December 31, 2024, respectively 8,725 16,696
Prepaid expenses and other assets 114,453 108,894
Total assets 1,642,373 1,670,432
Liabilities:    
Notes payable and other debt 450,297 474,837
Accounts payable 6,600 4,529
Accrued post-retirement benefits 7,482 7,582
Refund liability 45,300 0
Deferred revenue 10,245 72,462
Accrued and other liabilities 109,417 107,479
Total liabilities 629,341 666,889
Commitments and Contingencies (Note 7)
Equity:    
Common stock - no par value; authorized, 225,000,000 shares; outstanding 72,753,270 and 72,633,866 shares at June 30, 2025, and December 31, 2024, respectively 1,813,100 1,811,582
Accumulated other comprehensive income (loss) 504 6,134
Distributions in excess of accumulated earnings (800,572) (814,173)
Total shareholders' equity 1,013,032 1,003,543
Total liabilities and equity $ 1,642,373 $ 1,670,432