v3.26.1
Condensed Combined Debtor-in-Possession Financial Information - Schedule of Debtors' Condensed Combined Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real estate properties:      
Land $ 706,623 $ 711,039  
Buildings and improvements 2,970,072 2,946,520  
Total real estate properties, gross 3,676,695 3,657,559  
Accumulated depreciation (729,543) (618,650)  
Total real estate properties, net 2,947,152 3,038,909  
Acquired real estate leases, net 150,254 193,739  
Cash and cash equivalents 29,486 261,318  
Restricted cash 51,175 13,847  
Deferred leasing costs, net 98,268 97,642  
Other assets, net 30,951 11,594  
Total assets 3,488,596 3,822,286  
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Secured debt, net 889,557 1,872,357  
Accounts payable and other liabilities 126,856 118,689  
Due to related persons 4,689 5,869  
Assumed real estate lease obligations, net 8,374 9,525  
Liabilities subject to compromise 1,578,133 0  
Total liabilities 2,607,609 2,669,482  
Commitments and contingencies  
Shareholders’ equity:      
Common shares of beneficial interest 739 698  
Additional paid in capital 2,658,471 2,656,548  
Cumulative net loss (308,307) (35,933)  
Cumulative common distributions (1,469,916) (1,468,509)  
Total shareholders’ equity 880,987 1,152,804 $ 1,255,679
Total liabilities and shareholders’ equity 3,488,596 3,822,286  
Nonrelated Party      
Real estate properties:      
Rents receivable 231 0  
Related Party      
Real estate properties:      
Rents receivable 164,114 $ 155,668  
Reorganization, Chapter 11, Debtor-in-Possession      
Real estate properties:      
Land 675,765    
Buildings and improvements 2,769,685    
Total real estate properties, gross 3,445,450    
Accumulated depreciation (670,326)    
Total real estate properties, net 2,775,124    
Acquired real estate leases, net 121,204    
Cash and cash equivalents 29,481    
Restricted cash 43,410    
Intercompany due from non-debtor entities 151,002    
Deferred leasing costs, net 89,707    
Other assets, net 330,656    
Total assets 3,687,935    
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Secured debt, net 715,718    
Accounts payable and other liabilities 122,336    
Assumed real estate lease obligations, net 7,976    
Liabilities subject to compromise 1,578,132    
Total liabilities 2,862,165    
Commitments and contingencies    
Shareholders’ equity:      
Common shares of beneficial interest 739    
Additional paid in capital 2,658,471    
Cumulative net loss (363,524)    
Cumulative common distributions (1,469,916)    
Total shareholders’ equity 825,770    
Total liabilities and shareholders’ equity 3,687,935    
Reorganization, Chapter 11, Debtor-in-Possession | Nonrelated Party      
Real estate properties:      
Rents receivable 147,120    
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Due to related persons 433,548    
Reorganization, Chapter 11, Debtor-in-Possession | Related Party      
Real estate properties:      
Rents receivable 231    
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Due to related persons $ 4,455