v3.26.1
Condensed Combined Debtor-in-Possession Financial Information - Schedule of Debtors' Condensed Combined Statement of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (272,374) $ (136,107)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 121,856 118,710
Net amortization of debt premiums, discounts and issuance costs 40,825 13,463
Amortization of acquired real estate leases and assumed real estate lease obligations, net 41,153 64,636
Amortization of deferred leasing costs 14,402 12,990
Gain on sale of real estate (916) 7,410
Loss on impairment of real estate 2,048 181,578
Net gain on early extinguishment of debt (1,146) (138,603)
Non-cash reorganization items 25,654 0
Straight Line Rent (23,074) (31,102)
Other non-cash expenses, net 237 575
Equity in net losses of investees 405 758
Change in assets and liabilities:    
Rents receivable 2,409 5,999
Due from related persons (231) 0
Deferred leasing costs (18,819) (22,969)
Other assets (8,901) 1,377
Accounts payable and other liabilities 71,085 (10,392)
Due to related persons (1,182) (1,156)
Net cash (used in) provided by operating activities (6,569) 67,167
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (37,635) (123,376)
Proceeds from sale of property, net 39,827 189,986
Net cash provided by investing activities 2,192 66,610
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of senior unsecured notes (171,600) (350,242)
Repayment of senior secured notes (26,998) 0
Payment of debt issuance costs (1,196) (91,845)
Borrowings on debtor-in-possession secured term loan 10,000 0
Proceeds from issuance of common shares, net 1,106 0
Repurchases of common shares (32) (192)
Distributions to common shareholders (1,407) (2,033)
Net cash (used in) provided by financing activities (190,127) 114,674
(Decrease) increase in cash, cash equivalents and restricted cash (194,504) 248,451
Cash, cash equivalents and restricted cash at beginning of period 275,165 26,714
Cash, cash equivalents and restricted cash at end of period 80,661 275,165
Reorganization, Chapter 11, Debtor-in-Possession    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) (270,596)  
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 115,034  
Net amortization of debt premiums, discounts and issuance costs 39,898  
Amortization of acquired real estate leases and assumed real estate lease obligations, net 37,367  
Amortization of deferred leasing costs 13,683  
Gain on sale of real estate (916)  
Loss on impairment of real estate 2,048  
Net gain on early extinguishment of debt (1,146)  
Non-cash reorganization items 25,654  
Straight Line Rent (21,160)  
Other non-cash expenses, net 237  
Equity in net losses of investees 405  
Change in assets and liabilities:    
Rents receivable 2,020  
Due from related persons (231)  
Deferred leasing costs (18,819)  
Other assets (9,426)  
Accounts payable and other liabilities 70,773  
Due to related persons 9,027  
Net cash (used in) provided by operating activities (6,148)  
CASH FLOWS FROM INVESTING ACTIVITIES:    
Real estate improvements (36,449)  
Proceeds from sale of property, net 39,827  
Net cash provided by investing activities 3,378  
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of senior unsecured notes (171,600)  
Repayment of senior secured notes (26,998)  
Payment of debt issuance costs (1,196)  
Borrowings on debtor-in-possession secured term loan 10,000  
Proceeds from issuance of common shares, net 1,106  
Repurchases of common shares (32)  
Distributions to common shareholders (1,407)  
Net cash (used in) provided by financing activities (190,127)  
(Decrease) increase in cash, cash equivalents and restricted cash (192,897)  
Cash, cash equivalents and restricted cash at beginning of period 265,788  
Cash, cash equivalents and restricted cash at end of period $ 72,891 $ 265,788