v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Allowance for credit losses $ 2,180 $ 1,638
Common shares, par value (in dollars per share) $ 0.001 $ 0.001
Common shares, authorized (in shares) 200,000,000 200,000,000
Common shares, issued (in shares) 137,329,896 131,036,560
Common shares, outstanding (in shares) 137,329,896 131,036,560
Note receivable from related party $ 154,501 $ 154,892
Operating real estate, net 3,677,439 3,983,754
Investments in and advances to unconsolidated affiliates 263,598 161,955
Other assets, net 194,661 223,980
Right-of-use assets - operating leases, net 21,589 23,594
Cash and cash equivalents 32,960 38,818
Restricted cash 16,272 18,081
Rents receivable, net 55,430 65,027
Assets of property held for sale 6,835 0
Mortgage and other notes payable, net 480,045 893,944
Unsecured notes payable, net 1,113,650 879,462
Accounts payable and other liabilities 229,641 273,479
Lease liabilities - operating leases 23,852 [1] 25,972
Related Party    
Note receivable from related party 14,400 14,300
VIE    
Operating real estate, net 1,001,997 1,768,555
Investments in and advances to unconsolidated affiliates 37,093 53,255
Other assets, net 41,023 78,266
Right-of-use assets - operating leases, net 1,300 1,539
Cash and cash equivalents 27,241 30,429
Restricted cash 6,998 6,517
Rents receivable, net 11,884 29,324
Assets of property held for sale 6,835 0
Mortgage and other notes payable, net 380,952 793,840
Unsecured notes payable, net 52,250 61,250
Accounts payable and other liabilities 79,720 125,586
Lease liabilities - operating leases $ 1,355 $ 1,604
[1] Minimum rental payments include $5.7 million of interest related to operating leases and $127.7 million related to finance leases. These amounts exclude lease renewal options that are not reasonably certain to be exercised.