v3.26.1
Condensed Combined Debtor-in-Possession Financial Information - Schedule of Debtors' Condensed Combined Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Real estate properties:        
Land $ 706,623 $ 706,623    
Buildings and improvements 2,975,058 2,970,072    
Total real estate properties, gross 3,681,681 3,676,695    
Accumulated depreciation (757,540) (729,543)    
Total real estate properties, net 2,924,141 2,947,152    
Acquired real estate leases, net 141,415 150,254    
Cash and cash equivalents 26,308 29,486 $ 63,745  
Restricted cash 61,382 51,175    
Deferred leasing costs, net 95,811 98,268    
Other assets, net 29,526 30,951    
Total assets 3,467,854 3,488,596    
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Secured debt, net 968,111 889,557    
Accounts payable and other liabilities 129,159 126,856    
Due to related persons 4,947 4,689    
Assumed real estate lease obligations, net 8,099 8,374    
Liabilities subject to compromise 1,569,407 1,578,133    
Total liabilities 2,679,723 2,607,609    
Commitments and contingencies    
Shareholders’ equity:        
Common shares of beneficial interest 739 739    
Additional paid in capital 2,658,636 2,658,471    
Cumulative net loss (401,328) (308,307)    
Cumulative common distributions (1,469,916) (1,469,916)    
Total shareholders’ equity 788,131 880,987 $ 1,106,663 $ 1,152,804
Total liabilities and shareholders’ equity 3,467,854 3,488,596    
Nonrelated Party        
Real estate properties:        
Rents receivable 171,511 164,114    
Related Party        
Real estate properties:        
Rents receivable 685 $ 231    
Reorganization, Chapter 11, Debtor-in-Possession        
Real estate properties:        
Land 675,765      
Buildings and improvements 2,774,589      
Total real estate properties, gross 3,450,354      
Accumulated depreciation (696,611)      
Total real estate properties, net 2,753,743      
Acquired real estate leases, net 113,317      
Cash and cash equivalents 25,833      
Restricted cash 52,231      
Intercompany due from non-debtor entities 153,198      
Deferred leasing costs, net 87,430      
Other assets, net 329,388      
Total assets 3,669,492      
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Secured debt, net 794,040      
Accounts payable and other liabilities 124,917      
Assumed real estate lease obligations, net 7,706      
Liabilities subject to compromise 1,569,407      
Total liabilities 2,935,655      
Commitments and contingencies      
Shareholders’ equity:        
Common shares of beneficial interest 739      
Additional paid in capital 2,658,636      
Cumulative net loss (455,622)      
Cumulative common distributions (1,469,916)      
Total shareholders’ equity 733,837      
Total liabilities and shareholders’ equity 3,669,492      
Reorganization, Chapter 11, Debtor-in-Possession | Nonrelated Party        
Real estate properties:        
Rents receivable 153,667      
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Due to related persons 433,577      
Reorganization, Chapter 11, Debtor-in-Possession | Related Party        
Real estate properties:        
Rents receivable 685      
LIABILITIES AND SHAREHOLDERS’ EQUITY        
Due to related persons $ 6,008